Whats up!
New to all this but i feel like i have what it takes.
How can i set up a brokerage account?
And honestly, is it possible ti succeed starting flat broke?
In interested.in your.advice!

Depends on what you mean by flat broke. Are you debt free?

Remember:

1) pay off debt
2) Save up about 6 months of living expenses. Rent, Utilities, Food, Gas. The Necessities. This is $1500/month for me so that's $9000 I keep in a money market account (no risk).
3) Anything BEYOND #2 can be invested


Remember, investing is not a get rich quick and anyone who tells you otherwise is just trying to sell you a product. Expect 7% - 15% return/year. If you are ready to start investing, send me a private message and I will shoot you a referral.

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Who pays for the date?

I know the feeling Atlas. I found this stuff and I got pretty good until my dad and sis were killed by a drunk driver. Since, I've been a fragment of myself. I got banned on bodybuilding.com and sherdog a handful of times. I was in a real dark place. I posted on taf and rsd. I took action after watching a Tyler Durdan video about people stagnating and never making it back. I went out solo on NYE and got a number after blow outs all night. I signed up for Jeffy free tour and hoped for immediate success. It didn't happen that way. It was gradual. I was getting numbers, bar make outs, even started online dating, and 8months after free tour I had a little gf.

Real Social Dynamics changed my life. I pulled recently. She has been texting frequently. Another pretty girl I got her number. I am dating a new girl, I got a girl's number in the gym, another in a deli. Jeffy free tour helped change my life. I am going to free tour again in May. I'll post a review too. I am still improving too. I am far from where I was but, I am learning to endure. Tyler and Jeffy said I'll eventually be better then I ever was cause of strength I gained due to circumstance. Its coming. Maaybe we can help each other.

I started investing a few months ago as well. I didn't spend much money since I'm still a student. Anyway, a few questions for you!

1) Despite gaming all the time 2 years ago, you were already investing?
2) How the *bleep* can you make 105k a year as a 25 yo? Did you get super lucky with stocks or something?
3) Do you have a 'normal' job or do you live on investing?
4) Do you actively trade stocks, or get your income from dividends?
5) Do you own bonds?

Lastly, a personal question: What's your goal in life? Making more and more? Or is there a limit you'd like to stop at?

Anyway, I'll keep checking out the thread! Very interesting!

I can attest that this stuff is mostly accurate. Although I must ask, how does this even relate to your game? Fact is girls don't give a shit if you're knowledgeable about finance and if you make fancy schmancy investments and if you can use words like long, short, options, futures, etc.

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Before she can respect you, you need to respect yourself.

Lol yeah I was thinking the same thing. Maybe he should change the name of the thread. Anyway, I'm hoping for a quick reply from atlas!

This is exactly what I'm trying to learn about and hopefully get involved with.

What is your opinion on eTrade and other online stock exchange websites?

On another note:
I don't know much about stocks but I do know about using dividend paying Whole Life Insurance as a vehicle to finance your life, which includes investments. This is a lost concept that has been resurrected by a brilliant man named Nelson Nash who calls it the Infinite Banking Concept or IBC. This concept teaches you how to convert your liabilities into assets and the difference between paying with interest, paying with cash, and paying with collateralized cash value.

Here is his best selling book called Becoming Your Own Banker and his second book, Building Your Warehouse of Wealth.
http://debtdiagnosis.com/order-book-here/

This is not strictly an investment, nor is it a quick solution to making money. This is an AND concept, meaning that you use the IBC AND then you invest, or AND then you make a major purchase.

Here are some videos that briefly explain the concept if you would like to learn a little about it before spending money on a book.
The videos are password protected, so I'll leave it up for a few days only.
http://debtdiagnosis.com/2012/02/03/l11 ... -strategy/
Password: VPRS

Yes but small potatoes. Investments tend to snowball if you are doing it right!
I'm good with computers, that is my normal job. I also own a business that adds to that as well. My goal is Financial Independence. I don't want to have to rely on others to provide for myself. I don't want to sit in a corporate office and watch my mouth all day every day and force my personality into their mold because god forbid i say one thing wrong and it haunts me in my review a year later. Fuck that.

I work for a corporation now. Hopefully I won't for much longer.
It depends. I am experimenting right now with timing the market. It's something I don't really think can be done. Technical analysis shows that the next couple months the market as a whole will pull back. So I am HOLDING all my stocks, (no selling!) and waiting to see. I have lots of cash sitting in my brokerage account waiting to pounce.

I really don't believe in technical analysis but I am still learning so I will run this experiment and see if I can supplement my successful fundamental analysis and value investment strategy.

Regarding Dividends: I reinvest those back into the same stock. This is called a DRIP. It is desirable because you get more stock for no commission and it causes a compounding (future dividends pay more as you have more shares). Dividends are nice--this is called Income investing. My investment strategy picks dividends stocks (stocks that will pay you $ regardless...) and conduct fundamental analysis of the company. What I am looking for is catalysts for growth. Meaning, not only do I get $ from dividends, but I also see the potential for growth in future products (example: intel).
None right now. Anyone who owns bonds in this (USA) environment is daft. Without this ridiculous Fed policy of QE, government bonds are a crazy place to put your money. For that matter, so is cash! Keeping money in cash = losing money to deflation.

In a normal environment, I am a 25% bond investor, 75% stock investor (Stephen Graham style).

For the same reason, company issued bonds are not as good of a move right now as stocks. But like I said, we might be in the midst of a correction. I do not plan to buy more stocks until Mid May 2013. For now, I wait and watch.

_________________
Stock guide - Invest your money!

Who pays for the date?

Girls like money don't they? Girl's like confidence don't they?

Proper investment can lead to financial independence. I want to be in a spot where no one gets to talk down to me. Right now I work for a corporation. If my boss disrespects or yells at me, I have to take it. 5 years from now, I will be working for me and for only me!

The very best thing you can do to improve your game is to improve the product (YOU!). Good products market themselves.

Gaming, sarging, is learning marketing. But the best marketing in the world wont sell a pile of shit.

As I said in the first post, I'm not so good at the marketing. But my product is getting better every day

_________________
Stock guide - Invest your money!

Who pays for the date?

If you have very little to invest, sharebuilder is a nice place to start.

If you have like $1k or more, I recommend options house (this is where I trade). I've done my shopping and comparing, options house is the cheapest and the best. If you want to go there please let me refer you? Helps me out

If you have $50k or more, easily morgan stanely. You get free professional advice and 30 free trades a month!

I am at options house until I hit that $50k.
This is called Cash value life insurance. I think I covered it in my post?

Guys--this is not a good idea for most of us. This is a way to get the benefits of a Roth IRA beyond the $5k/year limit. I would consider cash value life insurance if all the following conditions are met:

1) You own your own home
2) You maximize your 401k/Traditional IRA contribution each year
3) You maximize your Roth IRA contribution each year
4) You do not want to make any upgrades in your life (second house, new car, boat, world travels, etc).
5) You have enough disposable income/cash right now and want to save more for retirement.

Cash value life insurance = money after age 65. Retirement funds. Honestly, buying property and stopping pissing $ into rent is a better move.

_________________
Stock guide - Invest your money!

Who pays for the date?

Um yeah they like confidence without a doubt. But you can be broke and confident.

And it would be unfair to say all girls like money. ALL girls I've dated haven't given a single shit about money... And I'm on the far-from-broke side.

_________________
Before she can respect you, you need to respect yourself.

Thanks for teh replies, you seem legit I'm really interested in talking more with you. I'm still an investment noob.

One more thing though. You say you want financial indepence (the exact same thing I want), but you're already making 105k a year! I can only dream of earning that when I'm 25! That's more than enough to be financially independent.

I'm dependent on my employer to make that. They could decide they are restructuring one day at random and lay me off. Who knows?

Also, I live in Washington DC. Expensive place. I pay $1250 in rent!

_________________
Stock guide - Invest your money!

Who pays for the date?

What do you do earning that much? I'm f*cking jealous!

Maybe its just Washington DC then. Girls around here are materialistic as shit. 100% of the time, you open a set their first question to you is "So what do you do for a living?". I'm dead serious, 100%.

Honestly I think girls do like money, maybe not for the materialistic reasons but for the "this guy can provide for me" reason--even if subconsciously. Either way, driving a Mercedes wont hurt your game .

And not having to depend on a company or a Job to provide a good life for you and yours wont either.

_________________
Stock guide - Invest your money!

Who pays for the date?