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The Stock Market

the only reason i have any money in this rotten system is because i am forced to through my superannuation, but i'd give up every cent in my retirement fund to see that blight on humanity burn to the ground.

earn your fucking money ethically and honourably
and not through the opportunistic exploitations of the hard work of others, who are as a result are squeezed dry of health, life and sanity by an insatiably irresponsible monster.
 
peak oil is going to eat the economy and shit out its putrid remains. This will provide the fertilization for something new.

IE buy energy stock
 
Impacto Profundo said:
the only reason i have any money in this rotten system is because i am forced to through my superannuation, but i'd give up every cent in my retirement fund to see that blight on humanity burn to the ground.

earn your fucking money ethically and honourably
and not through the opportunistic exploitations of the hard work of others, who are as a result are squeezed dry of health, life and sanity by an insatiably irresponsible monster.
Click to expand...

wat



Infinite Jest said:
No shit? Get out before the mid-year crash, then
Click to expand...

No way. I've now tripled my money. I plan to ride fully margined until the bitter(or not so bitter) end. =D
 
On 11/28/2008 I went out on a limb and bought the following companies:
Coca Cola
Johnson and Johnson
Research in Motion (and then some more on 12/11/2008, making it my largest holding - doubling the initial amount invested in each of the other stocks)
Chevron
Conoco Phillips (sp lol?)

I really feel like Research in Motion, the maker of Blackberry, has been grossly oversold, along with Apple. So far my return on that individual stock, which comprises more than 30% of my portfolio due to capital gains received so far, is more than 18% since 11/28/2008. Everything else has stayed pretty much the same (+1% to 2% or so), with the exception of Chevron, which is down 5.4% since my purchase, and Coca Cola, which is down 3.64% since my purchase.

I feel, and FEEL is the key word here, that right now is the time to buy if you are in it for the long term (3+ years in my little world). I believe the incredible gain I've seen from Research in Motion is due largely to the January Effect. I do believe that the fundamentals of the company are strong, however - for instance, they have ZERO long term debt. They also make Blackberry, and as a former blackberry user for many years it's just a device I think has hit the nail on the head for many years and continues to do so. And one of my friends just bought an unlocked Storm for more than $500 despite the recession, as are a lot of people who are solidified in their jobs and financial security. When the economy picks up, whether it's in 1 year or 5 years, Blackberry stock will rise more than any other large cap I can think of at the moment.

I'm betting on rising oil prices, which explains the investment in Chevron and Conoco Phillips.

As far as Coca Cola and Johnson and Johnson, I would normally NEVER invest in these companies because they are not risky enough for me during "normal" times. However, right now you really can't lose with these stocks because they are mainstays of the world and will not fail. This is really the only time I think I've been attracted to low-risk, dividend-paying 1,000 year old fail-safe companies like Johnson and Johnson and Coke for capital gains.

I am going to buy some February put options on Research in Motion sometime this week because I think that it will drop to around $40 or less after January 15th because I just think it's amped up because of the new year right now, although for long term it's a solid and extremely awesome purchase right now.
 
Bump.

Man, what a ride it's been since I last posted. I managed to turn roughly $3,000 into $28,000 between October and January, and turn that $28,000 into a measly $1,200(ouch!) between January and March. Easy come, easy go, eh? =D margin is a motherfucker.

I'm now sitting at around break-even from where I started, heavily shorted in the financial sector. Anyone else waiting for a big plunge?
 
It's nothing more than gambling, only you don't really know the true odds. When CitiBank went under $1, I was tempted to buy a couple thousand shares. Within a couple months, it was over $4 and it's now hovering above $3. Even if I could have quadrupled my money, I know it would have led me to take more risks and I would likely have lost any gains the same way you did.
 
Its important to establish a point at which to pull out, that is, a pre-established amount of money that you wish to gain. In other words, don't get greedy...

As they say, the pigs get fat, but the hogs get slaughtered...

I continue to make consistent gains (realized gains; I sell very often) because I don't get greedy and have predetermined points in which I cash out. A certain percentage of this I reinvest, but the rest I keep as cash (which I then put into very safe bonds). The only disadvantage is that I have to pay huge amounts of capital gains taxes each year, but even this is good as it is indicative of the money I am making...
 
Yeah, that's an important lesson to learn. Not to get too greedy. It's just too bad it cost me almost 30 grand to learn that lesson. ;)

Still, playing it safe isn't nearly as fun as taking risk. I'm young enough that I don't have to worry about losing my nest egg from a run of bad luck or bad calls.
 
I'm young too, but I'm trying to accumulate a large sum of money now to allow me to have more "options"...

My usual profit to reinvest ratio is 40:60. For example, on a recent currency trade I profited roughly $8400, $3350 of which I kept as cash, the rest I reinvested. Investing this way has been good to me; I will have more than enough to pay for law school in cash, while living comfortably.
 
Nice. I'm sure I'll come to use a similar strategy once I recover from my February-March loss. For right now though I'm just going to have fun riding the waves. Now that I'm no longer using margin I'm not too worried about losing money.

Are there any particular sectors you like to focus on, or do you just grab bargains and/or buy well-valued companies across the entire spectrum?
 
I delivered newspapers between the ages of 12 and 17. To apartment complexes - it was pretty tight, as I could dish 'em out fives times as fast as if I were delivering to houses. I made A LOT of money at a very young age, despite it sucking horribly as a job. Over that time, I ended up saving a total in the five-figure range. So right around my 18th birthday, I decided to "invest it." Because that's what all the old people said...."If I had invested X dollars when I was your age, I'd be playing golf in Florida right now..."

I was naive and dumb, and unfortunately got matched up with a bad financial planner. Half of my money was put into an aggressive builder fund, which contained an embarassingly high percentage of high yield debt, mortgage-backed securities and real estate. The other one was a small/mid cap equity fund that contained high percentages of financial and informational technology stocks.

I really believed that if I "just didn't touch the stuff, I would eventually be playing golf in Florida."

By the time I actually learned about finance and investing properly it was too late. The amount I've salvaged from that is, shall we say, significantly less than my initial investment at 18.

All those years of waking up at ungodly hours to deliver papers and being made fun of for being a paper boy, I could have instead been chasing after teenage girls.
 
Redleader said:
mortgage-backed securities...
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not-terrified.jpg
 
Redleader said:
I delivered newspapers between the ages of 12 and 17. To apartment complexes - it was pretty tight, as I could dish 'em out fives times as fast as if I were delivering to houses. I made A LOT of money at a very young age, despite it sucking horribly as a job. Over that time, I ended up saving a total in the five-figure range. So right around my 18th birthday, I decided to "invest it." Because that's what all the old people said...."If I had invested X dollars when I was your age, I'd be playing golf in Florida right now..."

I was naive and dumb, and unfortunately got matched up with a bad financial planner. Half of my money was put into an aggressive builder fund, which contained an embarassingly high percentage of high yield debt, mortgage-backed securities and real estate. The other one was a small/mid cap equity fund that contained high percentages of financial and informational technology stocks.

I really believed that if I "just didn't touch the stuff, I would eventually be playing golf in Florida."

By the time I actually learned about finance and investing properly it was too late. The amount I've salvaged from that is, shall we say, significantly less than my initial investment at 18.

All those years of waking up at ungodly hours to deliver papers and being made fun of for being a paper boy, I could have instead been chasing after teenage girls.
Click to expand...


Christ, what a bummer. I put 10,000$ in apple stock when the iphone came out and cashed out 23,000$ 6 months later.
 
what is everyone's portfolio looking like as of late? I want try to get started out trading so I have a few questions of my fellow blighters. are any of the "stock trading software" programs good at all or are they just a scheme for the owners of said software to falsely drive up the stocks in their portfolio? also can anyone elaborate on currency exchange? what kind of resources about trading can you share with me IE ebooks, websites that kind of stuff?
 
i'm glad this thread was bumped because i have some money set aside now that i'd also like to invest. i've been researching stocks for a while now and doing a bit of paper trading with success so i'm comfortable doing the basics, but if anyone has tips on investing in penny stock venture capital and FOREX that would be appreciated %)

i'm not interested in long-term buys but i also want to avoid getting raped by brokerage fees.
 
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