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The Stock Market.
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Author:  whysoskinny [ Tue Jun 12, 2012 12:25 pm ]
Post subject:  The Stock Market.
Has anyone here participated in the stock market and had a huge success and made nothing but large amounts of money?

I am being very serious and very interested in the stock market.
Author:  GangstaPUA [ Tue Jun 12, 2012 12:50 pm ]
Post subject: 
Pickup does not teach us to seduce brokers.
Author:  CobraKaiDojo [ Wed Jun 13, 2012 12:37 pm ]
Post subject: 
^lol why not? Brokers are just people :P though normally they are male.

As for trading, yes it's possible to make a lot of $. No, it's not easy.

You gotta understand the stock market is designed so that very rich people can take money from poorer people. I read a statistic that 90% of people who start trading quit within their first year, basically because their money goes straight to the people at the top who have inside information.

The main problem new traders face is trading emotionally, to be successful you need to a create a trading plan and stick to it, no matter what. As soon as you start getting high from profits or sad from losses then you're in trouble.

The way to be successful with stocks yourself (without trusting a broker) is being skilled at analyzing businesses, how they operate and then estimating what will happen with them in the future. This is basic stocks though, this doesn't include complex derivatives like Futures, Options etc. I've heard of people having some success with Forex (currency trading) but it is extremely volatile.

It's really confusing shit. Best way is to pick up some books explaining how it all works, if you can follow then you're doing well and might wanna give it a shot. Or you can contact some trading firms, look at their results and then trust your funds in the expert's hands. Be careful though there are a lot of shady companies out there.
Author:  MrMatt [ Wed Jun 13, 2012 3:46 pm ]
Post subject:  Re: The Stock Market.
Quote:
Has anyone here participated in the stock market and had a huge success and made nothing but large amounts of money?

I am being very serious and very interested in the stock market.
Friendly advice. Don't.


I'd suggest you to read a book that will help you understand the stock market: The wealthy barber returns, by Dave Chilton.

Unless you have a major in economy, I'm willing to bet 10$ that you'll only lose money if you try investing in the stock market. If you want to invest your money, I'd suggest you invest on REER or REEE, depending on you're age. These two will be the best investments you could possibly do.

And if you really want to invest in the stock market, you should just try to get the average interest rate (Dave Chilton will tell you me about this).

Why?

Because average is. Average.

No matter who invest in the stock market, there'll always be an average. If the top 3 best investors would invest in different company, one of them would still be average.

You're best bet is to go for the average rate. Do not personally invest your money, even amazing economist lose a ton of money when they try to invest. Do you think you can beat them?
Author:  Faust23 [ Wed Jun 13, 2012 5:44 pm ]
Post subject: 
Stock Market is incredibly easy actually. There is ONE huge barrier you need to cross and that is having money.

Precious metals have been doing great and will continue. I own some silver and gold stocks which will go up right now the market is supressing it. Here is the problem I only have $500 dollars in it. Now lets say silver goes up 40%( did in september last year overnight). I would make $200 dollars -20 dollars for trading fee and 10% in taxes. So really I made $160.

Now imagine you have 500,000 dollars. You would make $179,980.

Again Apple started up hell of cheap and is now like 500 600 a share(don't know the number) and Google too. Now again buying it for 20 and watching it go up to 600 is nice. But if you only have $100 dollars to spend even those big gains won't make you alot.

So unless you have like 10,000 to gamble it will take you years to be able to make liveable gains.
Author:  MrMatt [ Wed Jun 13, 2012 6:11 pm ]
Post subject: 
Quote:

Again Apple started up hell of cheap and is now like 500 600 a share(don't know the number) and Google too.
Of course, it sounds simple and easy now that we know that these company are already successful. But why didn't you invest in google or apple when it was cheap? Because nobody knew they we're going to grow that much. For the simple reason that we can't predict the future.

It's easy to talk about the people who made a ton of money with apple and Google, but you seem to forget the vast majority who lost money while investing. Norton, Air Canada, etc.

If this is so easy, can you please tell me what will be the next bubble (in a couple of years) so I invest all my money on it? That would be appreciated.

Also, if you really want to see how you would do in the stock market without risking your heritage, check out "bourstad". It's basically a simulation of the stock market where you have 100 000$ to invest. Personally, I lost about 40 000$ in a couple of months, and I can tell you that the vast majority were losing money.
Author:  CobraKaiDojo [ Thu Jun 14, 2012 6:35 am ]
Post subject: 
Which is like I said, the most important guarantee of success is being able to intelligently analyze the inner workings of a company.

A new company floats an IPO, so they release a lot of information on their business. The intelligent trader finds these new companies, tediously goes through all the available data, weighs up the info, takes into account other variables like the environment, trading psychology etc and makes an educated guess of whether that business is likely to succeed.

Successful stock trading is for insiders or intelligent/diligent people that get excited by numbers.
Author:  MrMatt [ Thu Jun 14, 2012 4:22 pm ]
Post subject: 
Quote:
Successful stock trading is for insiders or intelligent/diligent people that get excited by numbers.
And speculation! :twisted:
Author:  Faust23 [ Fri Jun 15, 2012 2:52 pm ]
Post subject: 
Quote:
Stock Market is incredibly easy actually. There is ONE huge barrier you need to cross and that is having money.

Precious metals have been doing great and will continue. I own some silver and gold stocks which will go up right now the market is supressing it. Here is the problem I only have $500 dollars in it. Now lets say silver goes up 40%( did in september last year overnight). I would make $200 dollars -20 dollars for trading fee and 10% in taxes. So really I made $160.

Now imagine you have 500,000 dollars. You would make $179,980.

Again Apple started up hell of cheap and is now like 500 600 a share(don't know the number) and Google too. Now again buying it for 20 and watching it go up to 600 is nice. But if you only have $100 dollars to spend even those big gains won't make you alot.

So unless you have like 10,000 to gamble it will take you years to be able to make liveable gains.
Actually I did buy Apple stock when it was under $100 a share. Problem was I only had 400 dollars to spend in the market. So yeah I made $2000 dollars off of that stock in a few years, not nearly enough to live on.... Now if I had $40,000 that would be a diffrent story.

In the next 5 years Silver will go up to around $250 dollars in price its around $35 now.... but without insane amounts of money that information will not help anyone.

Now if I had LOTS of money I would just look a market trends. When Playstation or Xbox makes a new system their stocks makes huge gains, for a few months. So when the next playstation hits you buy Sony stocks then sell right before the holiday season ends. The stock might only go up a few dollars which means you need to have more than 20 shares just to turn a profit. Because of trading fees.

That trend happens alot when a new iPhone is announced same thing, also if you keep up on those things you know when it will happen.
Author:  Chicoman69 [ Sat Jun 16, 2012 7:50 am ]
Post subject: 
I actually DO have a Bachelor of Arts degree in Economics. This helps a little bit with my knowledge of the stock market. I look at the market as a living, breathing entity of corporations, products, people, and the like. I am in the process of slowing sifting through my books on personal finance, investing, and success in general.

One of my favorites in my collection is The Motley Fool books by David and Tom Gardner. www.fool.com is their website and it contains a wealth of info about the stock market. They make learning investments and personal finance fun and educational at the same time without boring the fuck out of you. "Think and Grow Rich" by Napoleon Hill is based on the "Law of Success" and is an excellent read to get the 'mindset' of the process of making millions.

I pay into stocks through my work at Walmart. They skim a certain percentage off my paycheck and invest it into company stocks. Laugh all you want... I also have a 401(k), which I do believe the company matches a set percentage. In addition to this, I have a mutual fund or two as well as Exxon/Mobile stock. With Walmart being the #1 Fortune 500 company and Exxon/Mobile currently #2 on the list, I think I am doing fairly well.

In my opinion, the stock market is a big educated guess a lot of the time. You can research a company all you want, but none of us really have a crystal ball to predict the future. Learning more about how the market lives, breaths, and generally works is a good idea if you want to play the game though. I find it fun to play the simulation versions of the market instead of risking your real hard earned money. It's a bit like gambling, only play with as much money as you are willing to lose.

More on this later...
Author:  city_boy [ Wed Jun 20, 2012 4:31 pm ]
Post subject: 
This is something i'd be able to help you with.

If you have enough cash, try the markets. Only invest in the big indexes. Think ftse100/ dow. Anything too volatile will increase your exposure to the markets and you will lose money.

For a newbie who doesn't understand fundamental and technical analysis, wait until the markets crash/ hit a big low. Then buy in. This doesn't require too much knowledge, just patience. Look back at 2008/ 2010 etc.

Don't touch fx, cfds, spreads; they'll screw you over for your money if you don't know what you're doing.
Author:  Chicoman69 [ Fri Jun 22, 2012 4:09 am ]
Post subject: 
city_boy: I have almost no fucking clue what you are talking about. Thus I deem your advice dangerous (from my perspective).
Author:  Tourist2714 [ Sat Jun 23, 2012 3:05 am ]
Post subject: 
Timing is very important in the market, I control my family portfolio, down about 10% since Jan 2011, which is pretty good. However, the market is a speculating casino, when the economy is saying Total economic meltdown and recession, BUY BUY BUY and hold. That is probably easiest way to play it, yes, wait for depression.
Author:  rakeal [ Sat Jun 23, 2012 6:03 pm ]
Post subject: 
Stock market is a rip off. It's basically a casino of sorts. You are gambling your money except it's an educated gamble.

Some of the fee's are absolute robbery. I live in Canada and to buy apple stock lets say.

1. Deposit my money
2. Convert my money to American (pay a currency conversion fee)
3. Purchase the stock (pay a purchasing fee)
4. Wait (some accounts have maintenance fee's)
5. Sell the stock (pay yet another fee)
6. Convert to Canadian (Pay yet another fee)
7. Withdraw the money (Pay a withdrawal fee)

As someone already said, stocks were designed to make the rich richer. By buying a stock, you are taking all the risk while the CEO's pocket the profits.

If you have a LOT of money then there are ways to use the market to somewhat safely live off of the interest. If I won the lottery I would invest all my money in dividend index stocks. Which is the average of many dividend paying companies. But I would only invest during a depression/recession and not at once. You want to slowly acquire stocks throughout the recession targeting the low points. And also diversify using different index's, dividend funds ect. That's another reason it takes a lot of money. Diversifying lowers risk of total wipe out abut increases the fees you have to pay
Author:  CobraKaiDojo [ Sun Jun 24, 2012 3:58 pm ]
Post subject: 
Quote:
city_boy: I have almost no fucking clue what you are talking about. Thus I deem your advice dangerous (from my perspective).
wtf dude, his advice was very basic and there was nothing wrong with it.
keep studying
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