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TwinEclipse
Psychedelic Alchemist

Registered: 07/06/13
Posts: 1,499
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Any stock investors on here?
#19181674 - 11/24/13 07:52 AM (10 years, 3 months ago) |
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Hello. I recently came up on some $$$$ and would like to learn to invest. Got me an audiobook for investments, but are there any people in the shroomery community that partake in investing?
I have enough money saved up to play for 3 months of living expenses as well. That will not be invested.
I'm gonna spend some time researching before attempting. But based on my friend's experience, the profit reward is promising.
Where is a good area to profit in investments?
-------------------- My purpose: to love, to share, and to experience....all while conforming to my psychedelic experiences.
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Adden

Registered: 06/04/03
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Re: Any stock investors on here? [Re: TwinEclipse]
#19181675 - 11/24/13 07:53 AM (10 years, 3 months ago) |
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Check out Money Matters. Lot of stickies and a bunch of threads on what you're looking for.
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Crystal G



Registered: 06/05/07
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Loc: outer space
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Re: Any stock investors on here? [Re: TwinEclipse]
#19181676 - 11/24/13 07:54 AM (10 years, 3 months ago) |
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Quote:
TwinEclipse said: Hello. I recently came up on some $$$$ and would like to learn to invest. Got me an audiobook for investments, but are there any people in the shroomery community that partake in investing?
I have enough money saved up to play for 3 months of living expenses as well. That will not be invested.
I'm gonna spend some time researching before attempting. But based on my friend's experience, the profit reward is promising.
Are you looking more for long-term investments that accrue interest slowly over say a 10 year period of time (these ones can sometimes come with a guarantee so you will never lose money even if the economy tanks like it did in 2008), or a short-term investment that is much riskier, has no guarantee, but if you win the amount you make will be great?
PM me.
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Crystal G



Registered: 06/05/07
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Re: Any stock investors on here? [Re: Adden]
#19181680 - 11/24/13 07:56 AM (10 years, 3 months ago) |
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Quote:
Dystopia said: Check out Money Matters. Lot of stickies and a bunch of threads on what you're looking for.
Don't do it yourself if you have no training or education or experience in finance. You don't know what you're doing. A lot of firms only give between 0.5 to 1% commission to agents for stock trading, so unless you care to lose that half a percentage, you're better off getting expertise opinion.
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Adden

Registered: 06/04/03
Posts: 39,201
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Re: Any stock investors on here? [Re: Crystal G]
#19181683 - 11/24/13 07:58 AM (10 years, 3 months ago) |
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Crystal G



Registered: 06/05/07
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Re: Any stock investors on here? [Re: Adden]
#19181690 - 11/24/13 08:02 AM (10 years, 3 months ago) |
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Quote:
Dystopia said:

For stocks, yes. The commission is really low. The highest I've ever seen it at is 2%. But this is because people will spend tens or hundreds of thousands of dollars for a single trade.
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JacksonMetaller
Stranger

Registered: 03/13/11
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Re: Any stock investors on here? [Re: TwinEclipse]
#19181695 - 11/24/13 08:05 AM (10 years, 3 months ago) |
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I don't do much myself, but my dad does and one thing i can recommend is starbucks starbucks starbucks. My dad bought about $5000 worth of microsoft when i was born in hopes of starting a college fund for me. That eventually went stagnant and he switched to starbucks. I don't know exactly when he made the crossover, but he handed me the account when i was 19 at $100,000 and i'm 21 now and it's around $211,000 and that doesn't account for all the money ive taken out of it to pay college expenses. It comes in phases though. Some semesters i don't make much, other times i easily make 50,000 a semester. But the general trend for the past few years for them has been up up up.
As far as advice though, one thing my dad says that helps a lot is reading about the CEO's of the companies you invest in. Knowing their past histories and how successful their choices are. In the case of Howard Shultz, i believe there is even a book on him. So look out for stuff like that and just keep up with the general trends of the companies and the innovations. There are always plenty of people speculating future trends, which can help get an idea of what may happen. It's always a gamble of course, but i would highly recommend at least looking into this one as its been pretty good to my family and there is no foreseeable downfall to the company. Also, understanding the market helps. Coffee has a massive profit margin and massive customer base so in this case it's unlikely for anything to go wrong in the near future. Things like that really help determine how stable an investment is going to be
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Adden

Registered: 06/04/03
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Crystal G



Registered: 06/05/07
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Quote:
JacksonMetaller said: I don't do much myself, but my dad does and one thing i can recommend is starbucks starbucks starbucks. My dad bought about $5000 worth of microsoft when i was born in hopes of starting a college fund for me. That eventually went stagnant and he switched to starbucks. I don't know exactly when he made the crossover, but he handed me the account when i was 19 at $100,000 and i'm 21 now and it's around $211,000 and that doesn't account for all the money ive taken out of it to pay college expenses. It comes in phases though. Some semesters i don't make much, other times i easily make 50,000 a semester. But the general trend for the past few years for them has been up up up.
I would generally recommend Apple, they have been going really strong for a while now.
You can pretty much guess when a stock is likely to go up or down though, depending on a company's strategies. For example, if Apple is going to come out with a new product that rivaled the suspense of the iPad next year in 2014, you can guess that the stock is likely to go up. Apple recently took a dip in the market sometime last February, and the reason for that was because their production company in Singapore flooded and was destroyed. All of this stuff is linked.
If a company has just released a medical product that will revolutionize any industry (like those machines that perform open heart surgery to replace shaky human hands from performing surgery surgery) you can bet that will be a very safe bet to place your stocks. That is essentially what Microsoft was in the 90's.
Anytime there is a recession or downturn in the economy, it's a safe bet to invest in wine companies and big McDonalds type fast food places. Etc.
Edited by Crystal G (11/24/13 08:17 AM)
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TwinEclipse
Psychedelic Alchemist

Registered: 07/06/13
Posts: 1,499
Loc: NGC1097
Last seen: 8 years, 6 months
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Re: Any stock investors on here? [Re: Adden]
#19181720 - 11/24/13 08:21 AM (10 years, 3 months ago) |
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Great advice from this community; thanks for the info.
I am looking for long term investments because I would like a financial safety net for my future. By grad school, I REALLY need to have some money saved up lol. I've been living check by check since I could remember...that must change.
The main thing that concerns me is the money being lost by the time i cash in/sell out. But I understand investments, even some mutual funds, pose a significant, undeniable amount of risk.
I was thinking of using ETRADE as the broker, and learn everything myself. I would like to know which companies to research though. I will start looking at microsoft's stocks, since I use their products the most. Maybe LG, Apple, METROPCS, ... Great to get the ball rolling.
-------------------- My purpose: to love, to share, and to experience....all while conforming to my psychedelic experiences.
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Crystal G



Registered: 06/05/07
Posts: 19,584
Loc: outer space
Last seen: 9 months, 9 hours
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Re: Any stock investors on here? [Re: TwinEclipse]
#19181738 - 11/24/13 08:33 AM (10 years, 3 months ago) |
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Quote:
TwinEclipse said: I am looking for long term investments because I would like a financial safety net for my future. By grad school, I REALLY need to have some money saved up lol. I've been living check by check since I could remember...that must change.
PM me. There are other financial tools outside of stocks that can bring you money. Give me some numbers of how much you expect to make, and how much you expect to put in yearly, and I will create some illustrations for you.
You don't want to go with mutual funds for the best outcome. They only go up between 4-6% every year, that is standard. And if your state is broke right now, that's not a wise choice.
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JacksonMetaller
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Re: Any stock investors on here? [Re: Crystal G]
#19182142 - 11/24/13 11:04 AM (10 years, 3 months ago) |
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Yeah Apples a good one but tech stocks are generally risky long term. Those industries are constantly changing and liable to be revolutionized nearly over night. Hypothetically speaking, if something like google's glasses are speculated to replace iphones, apple value could plummet. Now i'm not saying they will, and that might not even be the best comparison as i don't know shit about those google glasses... Just a hypothetical example of why you should be careful with tech stocks. I'll quit pushing starbucks after this, but basic consumer products by a company that is well run and marketed i think are one of the best bets. People aren't going to stop drinking coffee any time soon, so it's really left up to the company to fuck up or some drastic change in industry. I don't know too much about them, but i think what cystal said about medicine was good too. Anything that advances the medical industry is going to be very successful and further advances will likely be made and marketed by the same companies.
OP, i would personally advise against going for microsoft. The whole reason we switched microsoft to starbucks is because microsoft hasn't done shit for a long time. It seems they're somewhat succumbing to apple. Though i could be wrong, who knows what they have in store. But be careful with that one. Just because they've got a big name doesn't mean they're really doing much innovative in this day and age. Starbucks grew my account in two years 2-4 times more than microsoft did in over a decade. Try comparing a few trends on google. Just looked at some for microsoft and apple. Both of them had extremely steep curves. Microsofts dropped down and has been maintaining about the same average value for around a decade now. It's too early to tell with apple. They may keep going up or be arriving to the same point as microsoft. Starbucks on the other hand took a much more gradual incline but has been steadily growing. Dipped down for a bit due to bad management, and then started climbing back up when howard shultz regained his status as CEO.
Sorry i sound really pushy on that one It's just been very good to us. But some of the basic economics behind it make sense IMO. Don't take my word as law though. I'm just going off what i've seen and what i think makes sense.
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