Home | Community | Message Board

MRCA Tyroler Gluckspilze
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Kraken Kratom Kratom Capsules for Sale   North Spore North Spore Mushroom Grow Kits & Cultivation Supplies   Original Sensible Seeds Bulk Cannabis Seeds   Unfolding Nature Unfolding Nature: Being in the Implicate Order   PhytoExtractum Buy Bali Kratom Powder   Bridgetown Botanicals Bridgetown Botanicals

Jump to first unread post Pages: 1 | 2 | 3  [ show all ]
Offlineunderfliptown
I suck and you should kill me


Registered: 03/07/11
Posts: 14,344
Last seen: 8 years, 5 months
I had en epiphany about money today * 1
    #19217462 - 12/02/13 02:11 PM (10 years, 1 month ago)

Ok... so here I am bitching about how the "powers that be" are these evil reptilian bilderberg jews for the past 2 years. THEN just the other day I realized that there is nothing stopping me from getting in on the action.

The way to do this is stocks.

It seems like what separates the poor from the rich is the stock market. The rich ppl know that the way to get money is to invest in stocks and let them make money for you. This is what is killing the world, it's horrible. But I am not gonna sit back and work my ass off for some dickhead for the rest of my life when trustfund kids are living off of their portfolio profits doing nothing.

And furthermore you don't even have to be rich starting off. You can have a shitty job, and so long as you save a little bit of your money eventually it will compound and be worth much much more.

I still have a shitload to learn, but im reading investing online for dummies right now and it seems like a good place to start. There is so much shit to learn its intense. Especially doing it online and not with a broker.

One thing i didn't realize is that you actually have to wait for someone to buy your stocks. The whole stop price and that kinda thing was a complete eye opener. You set a price you wanna sell at and then you wait for someone to buy it. This kinda pisses me off cause I think it would be better to watch the market and then sell your stocks the second you know its gonna jump.

How long does it usually take to sell lets say 100 shares of a moderately popular stock?

I really think i hit the jackpot here, I can't believe this isn't mandatory in school...


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: underfliptown]
    #19217478 - 12/02/13 02:15 PM (10 years, 1 month ago)

I know! I took a couple accounting classes this semester that taught me about how stocks work a little bit [at least from a accounting view] and I am going to start investing in stock with my new job I am about to get!

:billymaythumbup:


Extras: Filter Print Post Top
Offlineunderfliptown
I suck and you should kill me


Registered: 03/07/11
Posts: 14,344
Last seen: 8 years, 5 months
Re: I had en epiphany about money today [Re: blackdust]
    #19217510 - 12/02/13 02:19 PM (10 years, 1 month ago)

It's incredible!

The best part is that I am already broke as fuck, so it can't get any worse. I just gotta get a job and start saving right away!


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: underfliptown]
    #19217871 - 12/02/13 03:46 PM (10 years, 1 month ago)

Good for you.

I also don't know much, but have financially savvy parents who have steered me towards being smart with my money. As a child I was ingrained with saving 10% of whatever money i came across anom the rich is the stock market. The rich ppl know that the way to get money is to invest in stocks and let them make money for you. This is what is killing the world, it's horrible. But I am not gonna sit back and work my ass off for some dickhead for the rest of my life when trustfund kids are living off of their portfolio profits doing nothing.
d learned how to comparison shop by figuring out the price per piece of lego and buying the better value. It's done me well - I live very well off next to nothing these days.

That said - during my rebellious years, I forgot about all this, but a couple years ago came to the same epiphany as you. It is very empowering.

My grandparents were self made millionaires through mutual fund investing in the early/mid 80's and retired at 50 - I actually don't know too much about their success (they are dead now) but I should ask my mom about it.

My first foray into investing was buying $5000 in silver when it was low this summer. So far, it's dipped a little lower than when i purchased it, so it's bitter sweet. I do understand that with patience I will produce a decent profit .. although the waiting game isn't that fun. I would prefer to cash out when i can, and invest it in stocks, like you say...

about 1 month ago I put $1300 into a super low fee mutual fund that tracks several indexes (very diversified) and it is doing very well. Currently, it is at $1363.81 ... a whopping $63.81 gain in 1 month.

It is considered long term and high risk ... so i guess we'll see how it goes.

All I know is that I just want to save and invest money I come into now, rather than say ... buy a new car, or save up for a house.

(I read a book about warren buffet, and he nearly refused to buy a house, because the stock market had better returns than real estate!)

Realistically, i need a new car - nothing fancy, so striking a balance is important.

Rule #1 is: PAY YOURSELF FIRST.


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Offlineiateshaggy
i haxor 360s
Male User Gallery


Registered: 05/20/05
Posts: 4,707
Loc: 612 Warf Avenue, next to....
Last seen: 1 month, 9 days
Re: I had en epiphany about money today [Re: PDU]
    #19219103 - 12/02/13 07:52 PM (10 years, 1 month ago)

poor people invest in stocks all the time, its called a 401k.  you either need a lot of money, a lot of time, or a huge interest rate.  the last one doesn't exist. for you, the first one doesn't exist, so its gonna take you a lot of time.


--------------------
You are a filipina sex goddess who wants to fuck me until I fall asleep, so then you can tickle my balls and see if the legend of my diamond filled nutsuck is true.  I am a white man from costa rica, who smells like lime jello.


I can flash/jtag/repair 360's, pm for details.


Extras: Filter Print Post Top
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 16 days, 13 hours
Re: I had en epiphany about money today [Re: iateshaggy]
    #19222859 - 12/03/13 03:41 PM (10 years, 1 month ago)

Making money isn't hard, it's getting to the point that will enable you to make money that's the bitch..

Example: If I had 1 million dollars right now, I guarantee you I could invest that into multiple things and turn it around into much more. You could probably even argue if I had 10K to invest I could turn it around.

Reality: I have little money, and can't invest in shit.

People who play with the stock market are all not rich, and I'm sure plenty of rich people don't invest in stocks.

The major trend I see is that you need to get over the activation energy (lol) then its gravy from there.

That's why a college degree in a highly specialized field (which forces companies to pay high salary) is a great investment.

...........

fuck i wish I had money already..

....
..
.
.
..


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: Gorlax]
    #19222998 - 12/03/13 04:17 PM (10 years, 1 month ago)

I would agree that if you can have $10,000 invested wisely, it should multiply relatively quickly if you reinvest the profits, and continue to invest even a modest amount on a biweekly or monthly basis.

My goal is to have $10,000 invested by the time im 30.

2 years.

Considering i started investing last year, and work a part time job for next to nothing, it seems like a good goal.

(however, i feel bad about myself when my dentist is my age ... and is obviously in a much better financial situation than me.)

Gotta keep it in perspective though. The money I have invested currently is FAR more than almost everyone i know who i know. They drive nice cars, though.


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 16 days, 13 hours
Re: I had en epiphany about money today [Re: PDU]
    #19223393 - 12/03/13 06:07 PM (10 years, 1 month ago)

Yeah, It sucks seeing things like that but it isn't too late nor does money signifying anything. I saw some girl at my old work do the 5$ thing. Everyday you put 5$ in a jar, basically a piggy bank.. She had a lot of money after.

10,000 in theory sounds easy to save up, but you got to have the job and initiative first.


Extras: Filter Print Post Top
Offlineiateshaggy
i haxor 360s
Male User Gallery


Registered: 05/20/05
Posts: 4,707
Loc: 612 Warf Avenue, next to....
Last seen: 1 month, 9 days
Re: I had en epiphany about money today [Re: Gorlax]
    #19223520 - 12/03/13 06:29 PM (10 years, 1 month ago)

10g in investment terms is nothing.  until it builds into the upper 6 figures to lower millions, you cant even retire with a lower middle class income.


--------------------
You are a filipina sex goddess who wants to fuck me until I fall asleep, so then you can tickle my balls and see if the legend of my diamond filled nutsuck is true.  I am a white man from costa rica, who smells like lime jello.


I can flash/jtag/repair 360's, pm for details.


Extras: Filter Print Post Top
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 16 days, 13 hours
Re: I had en epiphany about money today [Re: iateshaggy]
    #19223664 - 12/03/13 07:01 PM (10 years, 1 month ago)

yeah, that's the point. nobody even has 10k let alone 100,000!!


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: iateshaggy]
    #19225625 - 12/04/13 08:01 AM (10 years, 1 month ago)

Quote:

iateshaggy said:
10g in investment terms is nothing.  until it builds into the upper 6 figures to lower millions, you cant even retire with a lower middle class income.




I am not talking about retiring.

If you had 10,000 and produced 8% return annually, and reinvested in the same fund, and invested $100 monthly It would grow quickly say... over 25 years.

10,000 + 1200 x.08
12,096 + 1200 x.08
14,359.68 + 1200 x.08
15,604.45 + 1200 x.08
16,948.81 + 1200 x.08

and on and on.

25,000 + 1200 x.08
27,096 + 1200 x.08
30,559.68 + 1200 x.08

and on and on....

As you can see, once you build up the critical mass, it starts multiplying really quick.

Gotta get there somehow - doesn't do you any good just to throw your hands up and say "there's no point, you need money to make money, i'll never get there."


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Offlineunderfliptown
I suck and you should kill me


Registered: 03/07/11
Posts: 14,344
Last seen: 8 years, 5 months
Re: I had en epiphany about money today [Re: PDU]
    #19225658 - 12/04/13 08:10 AM (10 years, 1 month ago)

I totally agree!!!

It only takes a little money to start compounding!


Extras: Filter Print Post Top
Invisiblebadchad
Mad Scientist

Registered: 03/02/05
Posts: 13,372
Re: I had en epiphany about money today [Re: PDU]
    #19225677 - 12/04/13 08:18 AM (10 years, 1 month ago)

Quote:

PDU said:
I am not talking about retiring.

If you had 10,000 and produced 8% return annually, and reinvested in the same fund, and invested $100 monthly It would grow quickly say... over 25 years."




I googled a compound interest calculator and came up with $156,211.

If that's correct, it should provide the youngins here some perspective.  You could work 25 years doing that, and in the end you'd generate a retirement of 50k/year for three years.


--------------------
...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436


Extras: Filter Print Post Top
Offlineunderfliptown
I suck and you should kill me


Registered: 03/07/11
Posts: 14,344
Last seen: 8 years, 5 months
Re: I had en epiphany about money today [Re: badchad] * 1
    #19225687 - 12/04/13 08:22 AM (10 years, 1 month ago)

The idea though isn't to do nothing while you wait for your money to appreciate. You keep working and keep investing AS MUCH AS YOU CAN!!!

Then after that you see the profits get good. It's really quite simple at the bare bones, but the execution is fucked.


Extras: Filter Print Post Top
Offlinepsyconaught
Chemical Connoisseur


Registered: 11/04/10
Posts: 6,100
Last seen: 7 years, 2 months
Re: I had en epiphany about money today [Re: underfliptown]
    #19226587 - 12/04/13 12:56 PM (10 years, 1 month ago)

compound interest is beautiful isn't it?


--------------------
Think for yourself, question authority


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: badchad]
    #19226958 - 12/04/13 02:25 PM (10 years, 1 month ago)

Quote:

badchad said:
Quote:

PDU said:
I am not talking about retiring.

If you had 10,000 and produced 8% return annually, and reinvested in the same fund, and invested $100 monthly It would grow quickly say... over 25 years."




I googled a compound interest calculator and came up with $156,211.

If that's correct, it should provide the youngins here some perspective.  You could work 25 years doing that, and in the end you'd generate a retirement of 50k/year for three years.




If you spend your money, you'll have nothing but a collection of material things which severely depreciate in value.

It's a crap shoot either way.

Fair enough, $10k isn't much to start with. However, it should be understood that one would be accumulating other wealth at the same time and should own a home and be established in other ways by the time they retire. You would be living high on the hog as an empty nester, who owns their own home, on 50k a year. Also factor in government pension and RRSP ontop of that.

Realistically, for anyone established in a career, it should be easy to direct more than $100/month to investments. Obviously my example is for someone who is not established and doesn't make much money. ALSO - it would be possible to invest considerably more, if you start the saving habit young. If you start saving at 25 and saved until retirement at 65 (67 now in Canada) thats 40 or 42 years!

So, starting at 25 with $10,000 and contributing $1200/year for 40 years = $552,982.46

Obviously the key is to getting the ball rolling, and staying consistent with your investing. If you were to make $50,000k/ year and invested as above while maxing out both an RRSP and a TFSA (tax deferred investment instrument in canada) you would lower your tax rate considerably and have a bunch of money to cash out when your income bracket is lower in retirement, again saving taxes.

We should all be able to do this if we keep our levels of debt in cheque and live frugally.

Its madness all these people living off debt, with no savings, especially those who are middle aged or older.

It should be noted that getting an 8% return over 40 years is possibly... improbable, or ... uncertain at best. It seems to me that there is going to major crises of people that suffer through retirement because they didn't plan ahead.

Me? - I'll likely be a snowbird, where my money will go all the further.


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 23 hours
Re: I had en epiphany about money today [Re: Gorlax]
    #19227013 - 12/04/13 02:38 PM (10 years, 1 month ago)

Quote:

Gorlax said:
Making money isn't hard, it's getting to the point that will enable you to make money that's the bitch..

Example: If I had 1 million dollars right now, I guarantee you I could invest that into multiple things and turn it around into much more. You could probably even argue if I had 10K to invest I could turn it around.

Reality: I have little money, and can't invest in shit.

People who play with the stock market are all not rich, and I'm sure plenty of rich people don't invest in stocks.

The major trend I see is that you need to get over the activation energy (lol) then its gravy from there.

That's why a college degree in a highly specialized field (which forces companies to pay high salary) is a great investment.

...........

fuck i wish I had money already..

....
..
.
.
..




"I guarantee you I could invest that into multiple things and turn it around into much more"

There are no guarantees when it comes to investing, it's always a challenge, many "experts" lose money.


Edited by qman (12/04/13 02:40 PM)


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: PDU]
    #19227031 - 12/04/13 02:41 PM (10 years, 1 month ago)

Quote:

PDU said:
Quote:

badchad said:
Quote:

PDU said:
I am not talking about retiring.

If you had 10,000 and produced 8% return annually, and reinvested in the same fund, and invested $100 monthly It would grow quickly say... over 25 years."




I googled a compound interest calculator and came up with $156,211.

If that's correct, it should provide the youngins here some perspective.  You could work 25 years doing that, and in the end you'd generate a retirement of 50k/year for three years.




If you spend your money, you'll have nothing but a collection of material things which severely depreciate in value.

It's a crap shoot either way.

Fair enough, $10k isn't much to start with. However, it should be understood that one would be accumulating other wealth at the same time and should own a home and be established in other ways by the time they retire. You would be living high on the hog as an empty nester, who owns their own home, on 50k a year. Also factor in government pension and RRSP ontop of that.

Realistically, for anyone established in a career, it should be easy to direct more than $100/month to investments. Obviously my example is for someone who is not established and doesn't make much money. ALSO - it would be possible to invest considerably more, if you start the saving habit young. If you start saving at 25 and saved until retirement at 65 (67 now in Canada) thats 40 or 42 years!

So, starting at 25 with $10,000 and contributing $1200/year for 40 years = $552,982.46

Obviously the key is to getting the ball rolling, and staying consistent with your investing. If you were to make $50,000k/ year and invested as above while maxing out both an RRSP and a TFSA (tax deferred investment instrument in canada) you would lower your tax rate considerably and have a bunch of money to cash out when your income bracket is lower in retirement, again saving taxes.

We should all be able to do this if we keep our levels of debt in cheque and live frugally.

Its madness all these people living off debt, with no savings, especially those who are middle aged or older.

It should be noted that getting an 8% return over 40 years is possibly... improbable, or ... uncertain at best. It seems to me that there is going to major crises of people that suffer through retirement because they didn't plan ahead.

Me? - I'll likely be a snowbird, where my money will go all the further.





I agree! I am in my very young 20's and am in about 6K of debt not including student loans b/c I have not made enough money for my expenses. This year though I am paying off my trailer and all my credit cards and have money in savings. All b/c I created a strategy that would allow me to have more money than my expenses. Obviously buying a trailer was a game changer for me. Spent 10k on the trailer and my lot fee is about 200. That cut my rent expense in more than half. I have also done other things to cut expenses. I plan on living in my trailer for about 5 years after I finish college which will allow me to save LOTS of cash.


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: blackdust]
    #19227096 - 12/04/13 02:54 PM (10 years, 1 month ago)

What kind of trailer? I am very interested to hear about your financial planning and experiences. I will be in university next year and am trying to figure out a way to be RENT free while i get my degree.

Trailer living, or a school bus or something appeals to me - less to the girlfriend though. Are you talking an RV, or a mobile home?


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: PDU]
    #19227587 - 12/04/13 04:22 PM (10 years, 1 month ago)

Quote:

PDU said:
What kind of trailer? I am very interested to hear about your financial planning and experiences. I will be in university next year and am trying to figure out a way to be RENT free while i get my degree.

Trailer living, or a school bus or something appeals to me - less to the girlfriend though. Are you talking an RV, or a mobile home?




I have a family so its a mobile home. It's only 20 years old with real siding and real singles for a roof[a lot of trailers in this park do not have these]. My mobile home is actually bigger than my last apartment.

---
The basic idea is to minimize expenses and maximize income/sources of income without being extreme just smart


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: blackdust]
    #19228061 - 12/04/13 06:20 PM (10 years, 1 month ago)

Fantastic - good for you blackdust!

I've got a bunch of questions, although if I am being a bother, don't feel obliged to respond.

So how did you afford the trailer?
How much did it cost?
Do you have payments, and if so, how do you pay those?
Have you run into any issues with maintanence or other unexpected issues?
How about property tax?

A mobile home may very well be the option i take, I have an acquaintance who did quite well buying one when he was young and had an unexpected child rushed into his life. Your pad rental is very cheap... Although I am not sure of the cost of a rental in the area i'll be moving to, so I will certainly look into it.

I am very pleased with the responses so far - keep em coming!


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Invisiblelighthouse09
Stranger thats mr. stranger
 User Gallery


Registered: 03/16/13
Posts: 699
Re: I had en epiphany about money today [Re: PDU]
    #19228096 - 12/04/13 06:30 PM (10 years, 1 month ago)

my uncle invested like 30,00 in stocks since he was a broker and it turned into like 85,000  finanally one day too bad he died like 6 mionths before that never got to see it ... 
live life while u can money isn't what matters.
[flash=425,344]http://
/flash]


--------------------
<--This fuckin guy


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: PDU]
    #19228210 - 12/04/13 06:53 PM (10 years, 1 month ago)

Quote:

PDU said:
Fantastic - good for you blackdust!

I've got a bunch of questions, although if I am being a bother, don't feel obliged to respond.

So how did you afford the trailer?
How much did it cost?
Do you have payments, and if so, how do you pay those?
Have you run into any issues with maintanence or other unexpected issues?
How about property tax?

A mobile home may very well be the option i take, I have an acquaintance who did quite well buying one when he was young and had an unexpected child rushed into his life. Your pad rental is very cheap... Although I am not sure of the cost of a rental in the area i'll be moving to, so I will certainly look into it.

I am very pleased with the responses so far - keep em coming!




I took my income tax for a 20% down payment and got a loan for the rest. Some banks have home loans for mobile homes.The house was 10,000. Just make the house payment as same as any loan from a bank. For a loan you will need 2 years of a consistent job or a co-signer with good credit. One thing I would do next time is make sure the furnace works and hot water tank. Those were massive fixes I had to do. But I figure I live here for 10 years I will have saved lots of cash. property tax is under a couple hundred a year/


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: blackdust]
    #19228345 - 12/04/13 07:25 PM (10 years, 1 month ago)

Ridiculously cheap!

I will be looking at closer to $85-100k for a mobile!


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: PDU]
    #19228454 - 12/04/13 07:48 PM (10 years, 1 month ago)

Quote:

PDU said:
Ridiculously cheap!

I will be looking at closer to $85-100k for a mobile!




Dude, I could buy a 1,800 sq ft house for that much cash.


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: blackdust]
    #19228602 - 12/04/13 08:13 PM (10 years, 1 month ago)

Welcome to Beautiful British Columbia.

FYI - that's the cheap, bum fuck northern town.

Average house price in BC is around $450,000 and in Vancouver where i live it is $922,600.

It's all relative i guess. Up north i could get a 3 bedroom house for less than $150,000k, although it would be a fixer upper.


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: PDU]
    #19230118 - 12/05/13 06:14 AM (10 years, 1 month ago)

Quote:

PDU said:
Welcome to Beautiful British Columbia.

FYI - that's the cheap, bum fuck northern town.

Average house price in BC is around $450,000 and in Vancouver where i live it is $922,600.

It's all relative i guess. Up north i could get a 3 bedroom house for less than $150,000k, although it would be a fixer upper.




Yeah, ,my prices are for the suburbs of Columbus, Ohio


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: PDU]
    #19230364 - 12/05/13 08:47 AM (10 years, 1 month ago)

Quote:

PDU said:
Ridiculously cheap!

I will be looking at closer to $85-100k for a mobile!




You can transport mobile homes. Maybe able to look at buying one further south and paying for the transport and hookup for a lot in a park where every you want it.


Extras: Filter Print Post Top
OfflinePDU
travel kid vs.amerika
 User Gallery


Registered: 12/03/02
Posts: 10,675
Loc: beautiful BC
Last seen: 8 years, 4 months
Re: I had en epiphany about money today [Re: blackdust]
    #19233101 - 12/05/13 06:10 PM (10 years, 1 month ago)

Something to think about actually, good idea. I'll look into it.


--------------------
GO OUTSIDE.


Extras: Filter Print Post Top
Offlineiateshaggy
i haxor 360s
Male User Gallery


Registered: 05/20/05
Posts: 4,707
Loc: 612 Warf Avenue, next to....
Last seen: 1 month, 9 days
Re: I had en epiphany about money today [Re: PDU]
    #19233165 - 12/05/13 06:24 PM (10 years, 1 month ago)

sorry i missed your point, i didn't realize you considered 25 years to be quick.  yes, you can retire in 25.  that is a good starting place but 100/month is not enough.  to put it into perspective, i put 800 a month minimum away.  the key is getting into a good career.  once your investment interest income outweighs your jobs income, you can retire.  typically 15% of your salary for 25+ years can achieve that.


--------------------
You are a filipina sex goddess who wants to fuck me until I fall asleep, so then you can tickle my balls and see if the legend of my diamond filled nutsuck is true.  I am a white man from costa rica, who smells like lime jello.


I can flash/jtag/repair 360's, pm for details.


Extras: Filter Print Post Top
InvisiblePsilliCoder
xXxXxXx

Registered: 12/10/09
Posts: 764
Re: I had en epiphany about money today [Re: blackdust]
    #19233237 - 12/05/13 06:37 PM (10 years, 1 month ago)

Quote:

blackdust said:
Quote:

PDU said:
Ridiculously cheap!

I will be looking at closer to $85-100k for a mobile!




You can transport mobile homes. Maybe able to look at buying one further south and paying for the transport and hookup for a lot in a park where every you want it.




Why a park? I'm buying a mobile home now in NC. It will be paid off in a couple years. Comes with a little over an acre,fenced in, and has a work building. It's private. I do have neighbors but it is by no means a park. It has  some things that needed to be fixed. Once it's paid off, im going to be completely rent free. Can't wait til it's paid off. I'm in my mid 20s, so i have time to save up and then buy/build another house and rent this one out.


--------------------


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: PsilliCoder]
    #19234407 - 12/05/13 10:56 PM (10 years, 1 month ago)

Quote:

PsilliCoder said:
Quote:

blackdust said:
Quote:

PDU said:
Ridiculously cheap!

I will be looking at closer to $85-100k for a mobile!




You can transport mobile homes. Maybe able to look at buying one further south and paying for the transport and hookup for a lot in a park where every you want it.




Why a park? I'm buying a mobile home now in NC. It will be paid off in a couple years. Comes with a little over an acre,fenced in, and has a work building. It's private. I do have neighbors but it is by no means a park. It has  some things that needed to be fixed. Once it's paid off, im going to be completely rent free. Can't wait til it's paid off. I'm in my mid 20s, so i have time to save up and then buy/build another house and rent this one out.





Where I live all trailers have to be in a park. plus the cost to buy land, have utilities installed, and move this trailer out ways the benefits for me otherwise having a deed is better than a title.


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: underfliptown]
    #19235310 - 12/06/13 06:28 AM (10 years, 1 month ago)

Quote:

underfliptown said:
Ok... so here I am bitching about how the "powers that be" are these evil reptilian bilderberg jews for the past 2 years. THEN just the other day I realized that there is nothing stopping me from getting in on the action.

The way to do this is stocks.

It seems like what separates the poor from the rich is the stock market. The rich ppl know that the way to get money is to invest in stocks and let them make money for you. This is what is killing the world, it's horrible. But I am not gonna sit back and work my ass off for some dickhead for the rest of my life when trustfund kids are living off of their portfolio profits doing nothing.

And furthermore you don't even have to be rich starting off. You can have a shitty job, and so long as you save a little bit of your money eventually it will compound and be worth much much more.

I still have a shitload to learn, but im reading investing online for dummies right now and it seems like a good place to start. There is so much shit to learn its intense. Especially doing it online and not with a broker.

One thing i didn't realize is that you actually have to wait for someone to buy your stocks. The whole stop price and that kinda thing was a complete eye opener. You set a price you wanna sell at and then you wait for someone to buy it. This kinda pisses me off cause I think it would be better to watch the market and then sell your stocks the second you know its gonna jump.

How long does it usually take to sell lets say 100 shares of a moderately popular stock?

I really think i hit the jackpot here, I can't believe this isn't mandatory in school...




Has anyone starting learning yet? I got a copy of investing online for dummies and this book seems amazing!


Extras: Filter Print Post Top
Offlinech1ck3n.s0up
Troubled Loner
Male User Gallery


Registered: 10/03/08
Posts: 2,573
Loc: Hunting Fungi
Last seen: 2 years, 6 months
Re: I had en epiphany about money today [Re: blackdust]
    #19246957 - 12/08/13 08:08 PM (10 years, 1 month ago)

A good place to start would be with some trade simulation software that allows you to "back-test" your positions. Then you can try out different ideas, without putting any real money at risk.

From there, move on to "penny stocks," where there's some real ca$h in the game. See how you do, without the risk of incurring huge losses.

Once you've got a handle on how the markets work, then move on to stocks, bonds, derivatives, etc.

Basically what you're talking about is day-trading... and it's not easy. It is very stressful. you must have the right personality for it.

- You'll have to invest in trading software that executes trades quickly.
- You'll need news services (like Bloomberg). Without cutting-edge information, opportunity will be lost.
- You'll need a decent amount of cash to get started
- You'll need a solid USD$100,000 to really make any decent money. The less money you have, the more risk you have to take to hit it big... and the more losses you'll incur.

If you're going to trade for a living, getting your SS7 and becoming a professional will net you decent coin with much less risk.


--------------------

"Inspiration ~ Move me brightly ~ light the song with sense and color ~ hold away despair ~ more than this I will not ask ~ faced with mysteries dark and vast ~ statements just seem vain at last" --Jerry Garcia, Terrapin Station

"Officer, I'm going to remain silent, and I would like to speak with a lawyer. I'm not resisting, but I don't consent to any searches.


Edited by ch1ck3n.s0up (12/08/13 08:09 PM)


Extras: Filter Print Post Top
Offlinei like cow poo
Nature Lover
Male User Gallery

Registered: 10/20/09
Posts: 4,041
Loc: Mother Nature's Vagina
Last seen: 1 year, 3 months
Re: I had en epiphany about money today [Re: PDU]
    #19247069 - 12/08/13 08:32 PM (10 years, 1 month ago)

A roth IRA seems like a safe way to make some cash.


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: ch1ck3n.s0up]
    #19249021 - 12/09/13 07:27 AM (10 years, 1 month ago)

Quote:

ch1ck3n.s0up said:
A good place to start would be with some trade simulation software that allows you to "back-test" your positions. Then you can try out different ideas, without putting any real money at risk.







Do you have any recommendations? The book I am reading list a couple of them.

Also,I found a couple forums that talk a lot about money and investing.

http://www.hotstockmarket.com/f/3035/investing-forum

http://www.bogleheads.org/forum/index.php

---
Also, I found that starting a twitter account and following a lot of good investing firms/newspapers was a great idea to start learning.


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: i like cow poo]
    #19249024 - 12/09/13 07:29 AM (10 years, 1 month ago)

Quote:

i like cow poo said:
A roth IRA seems like a safe way to make some cash.




I have been looking at this as a retirement option.


Extras: Filter Print Post Top
Offlineunderfliptown
I suck and you should kill me


Registered: 03/07/11
Posts: 14,344
Last seen: 8 years, 5 months
Re: I had en epiphany about money today [Re: blackdust]
    #19249071 - 12/09/13 07:55 AM (10 years, 1 month ago)

i use investopedia.com


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,419
Loc: city of angels Flag
Last seen: 2 hours, 56 minutes
Re: I had en epiphany about money today [Re: i like cow poo]
    #19254764 - 12/10/13 10:50 AM (10 years, 1 month ago)

I have been an active stock, option & peer-to-peer loan investor for eight years now (and a passive investor/observer for quite a bit longer than that), and while I agree that stocks are one of the most lucrative opportunities to increase your net worth, it is NOT without risk and I just wanted to chime in to offer my perspective on a few things...

Quote:

ch1ck3n.s0up said:
A good place to start would be with some trade simulation software that allows you to "back-test" your positions. Then you can try out different ideas, without putting any real money at risk.



I agree that paper trading will be a huge benefit to beginners attempting to manage their own money in the market.  And when you are ready to start trading real money, don't just go piling in.  Dole it out slowly.  Your emotions will have a greater affect on your trading discipline when the gains and losses on your screen are real gains and losses in your wallet.  Further, the market is dynamic, so if you start out in a strong period for the aggregate market, it will likely make you feel like a genius since practically everything will be making you money.  While you should capitalize on this while you can, you should also be mindful that it is not always going to be this way, and thus don't let yourself get cocky by taking on ever-increasing amounts of risk, because in my own experience, that type of behavior tends to end very poorly!  And even though I know this, I still find myself falling into the same bad habit from time to time.  So please remember: discipline trumps conviction.*


Quote:

From there, move on to "penny stocks," where there's some real ca$h in the game. See how you do, without the risk of incurring huge losses.



I cannot disagree more.  Penny stocks are the most volatile, unpredictable pieces of lottery out there.  They do not adhere to generally accepted accounting principles, some of them don't even report their earnings, most are not profitable and there is almost no liquidity.  This last concern ties in directly to the original poster's concern "One thing i didn't realize is that you actually have to wait for someone to buy your stocks" -- if there is no liquidity, you won't be able to get the price you want for the stock you want to buy or sell, because the spread between the bid and the offer will be wide, or there simply won't be enough shares available to complete the transaction at the specified price, leading to added and often painful volatility when you execute your trade.  While this volatility can potentially work in your favor, more often than not it will not.  Most importantly, the "lessons" you learn trading penny stocks are not necessarily the same rules you will want to apply when trading stocks with normal liquidity because they trade differently.


Quote:

- You'll have to invest in trading software that executes trades quickly.



Most online brokerages execute trades very quickly and cheaply.  I use TDAmeritrade which includes a robust java client called Think or Swim, here's an example of what my trading desk looks like, and this software is included with your account at TDA with no additional charge.  Trade commissions are also in line with generally standard rates for reliable online brokerages and if you have a large enough account and pester them, they will even lower your commissions below their advertised rates.

    Monitor Setup:

                           

    Screenshot from this morning, the top center screen is my "dashboard"
    that tells me at a glance the general health and direction of the market
    at any given moment:

         


Quote:

- You'll need news services (like Bloomberg). Without cutting-edge information, opportunity will be lost.
- You'll need a decent amount of cash to get started
- You'll need a solid USD$100,000 to really make any decent money. The less money you have, the more risk you have to take to hit it big... and the more losses you'll incur.



While more trading capital certainly makes it much easier to make a living wage, I would not discourage people from investing with smaller amounts.  News is important, but I have found through my near-decade of trading that the most important piece to successful trading is understanding price action, and to do that, all you really need is the chart.  The price speaks for itself... no matter what a company may be doing, that information is already being factored into the stock price in real time; this is, after all, the purpose of the market: to be a forward pricing mechanism that incorporates all available information into the formulation of an appropriate valuation.  There are some company specific metrics that are important to keep an eye on, such as profitability, growth, and the related price to earnings ratio of the underlying stock.  But ultimately, you make money on what the stock price does, not what the company does, so get comfortable reviewing charts.  If you're in this business, it will serve you better than anything else.


Quote:

i like cow poo said:
A roth IRA seems like a safe way to make some cash.



A Roth IRA (or any special tax-adjusted account) is simply a vehicle to allow you to incur a lower tax rate on your investment profits. It is not a "safe" way to make some cash, because your Roth IRA account can still go to zero if you invest it all into companies that are going bankrupt, or may not change at all if you don't actively invest the money that you have in it.  The only advantage is a tax advantage, everything else about how you actively manage your money will be the same as if it were in regular old investment account.


*So please remember: discipline trumps conviction.  What does this mean?  In part, it means not falling into the trap of "this company has such great prospects, the market is stupid to be selling is off, I know I'll eventually be proven right and everyone selling is an idiot, so I'll just hold on for a little while longer (or maybe I'll buy even more!) and wait until it turns around."  Or the dreaded "damn I have really lost some serious money on this stock, so I'll just hold on until I get back to even and sell it."  Discipline is all about planning your trade and trading your plan.  Set your stop loss levels before you get into the trade, and ADHERE to them.  So what if you lose a little money on the trade?  Better to lose a little than to lose a lot, not to mention the psychological benefit of getting that loser off your screen so you can focus on the next, better trade.  Your first loss is your best loss.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Edited by geokills (12/10/13 02:01 PM)


Extras: Filter Print Post Top
Offlinei like cow poo
Nature Lover
Male User Gallery

Registered: 10/20/09
Posts: 4,041
Loc: Mother Nature's Vagina
Last seen: 1 year, 3 months
Re: I had en epiphany about money today [Re: geokills]
    #19255137 - 12/10/13 12:18 PM (10 years, 1 month ago)

Goddamn thats an intense setup. Idk I wouldn't want to have to devote a portion of my life each day to stocks. Maybe mutual funds would be best for me?


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,419
Loc: city of angels Flag
Last seen: 2 hours, 56 minutes
Re: I had en epiphany about money today [Re: i like cow poo]
    #19255288 - 12/10/13 12:50 PM (10 years, 1 month ago)

A simple S&P 500 index fund, like the commonly traded SPY is an excellent way to gain hands off exposure to the market's forces.  It is diversified and self regulating, since the S&P 500 removes bad companies and replaces them with better companies incrementally over time.  This is why the majority of money managers actually fail to beat the S&P 500's returns.  So unless you think you'll enjoy the challenge of actively trading your own money, there is nothing bad about using an index fund as your investment vehicle.  I would generally stay away from mutual funds because they carry higher fees, the SPY is really all you need.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
Invisibleblackdust
 User Gallery

Registered: 02/28/09
Posts: 8,327
Re: I had en epiphany about money today [Re: geokills]
    #19255698 - 12/10/13 02:33 PM (10 years, 1 month ago)

Quote:

geokills said:
I have been an active stock, option & peer-to-peer loan investor for eight years now (and a passive investor/observer for quite a bit longer than that), and while I agree that stocks are one of the most lucrative opportunities to increase your net worth, it is NOT without risk and I just wanted to chime in to offer my perspective on a few things...

Quote:

ch1ck3n.s0up said:
A good place to start would be with some trade simulation software that allows you to "back-test" your positions. Then you can try out different ideas, without putting any real money at risk.



I agree that paper trading will be a huge benefit to beginners attempting to manage their own money in the market.  And when you are ready to start trading real money, don't just go piling in.  Dole it out slowly.  Your emotions will have a greater affect on your trading discipline when the gains and losses on your screen are real gains and losses in your wallet.  Further, the market is dynamic, so if you start out in a strong period for the aggregate market, it will likely make you feel like a genius since practically everything will be making you money.  While you should capitalize on this while you can, you should also be mindful that it is not always going to be this way, and thus don't let yourself get cocky by taking on ever-increasing amounts of risk, because in my own experience, that type of behavior tends to end very poorly!  And even though I know this, I still find myself falling into the same bad habit from time to time.  So please remember: discipline trumps conviction.*


Quote:

From there, move on to "penny stocks," where there's some real ca$h in the game. See how you do, without the risk of incurring huge losses.



I cannot disagree more.  Penny stocks are the most volatile, unpredictable pieces of lottery out there.  They do not adhere to generally accepted accounting principles, some of them don't even report their earnings, most are not profitable and there is almost no liquidity.  This last concern ties in directly to the original poster's concern "One thing i didn't realize is that you actually have to wait for someone to buy your stocks" -- if there is no liquidity, you won't be able to get the price you want for the stock you want to buy or sell, because the spread between the bid and the offer will be wide, or there simply won't be enough shares available to complete the transaction at the specified price, leading to added and often painful volatility when you execute your trade.  While this volatility can potentially work in your favor, more often than not it will not.  Most importantly, the "lessons" you learn trading penny stocks are not necessarily the same rules you will want to apply when trading stocks with normal liquidity because they trade differently.


Quote:

- You'll have to invest in trading software that executes trades quickly.



Most online brokerages execute trades very quickly and cheaply.  I use TDAmeritrade which includes a robust java client called Think or Swim, here's an example of what my trading desk looks like, and this software is included with your account at TDA with no additional charge.  Trade commissions are also in line with generally standard rates for reliable online brokerages and if you have a large enough account and pester them, they will even lower your commissions below their advertised rates.

    Monitor Setup:

                           

    Screenshot from this morning, the top center screen is my "dashboard"
    that tells me at a glance the general health and direction of the market
    at any given moment:

         


Quote:

- You'll need news services (like Bloomberg). Without cutting-edge information, opportunity will be lost.
- You'll need a decent amount of cash to get started
- You'll need a solid USD$100,000 to really make any decent money. The less money you have, the more risk you have to take to hit it big... and the more losses you'll incur.



While more trading capital certainly makes it much easier to make a living wage, I would not discourage people from investing with smaller amounts.  News is important, but I have found through my near-decade of trading that the most important piece to successful trading is understanding price action, and to do that, all you really need is the chart.  The price speaks for itself... no matter what a company may be doing, that information is already being factored into the stock price in real time; this is, after all, the purpose of the market: to be a forward pricing mechanism that incorporates all available information into the formulation of an appropriate valuation.  There are some company specific metrics that are important to keep an eye on, such as profitability, growth, and the related price to earnings ratio of the underlying stock.  But ultimately, you make money on what the stock price does, not what the company does, so get comfortable reviewing charts.  If you're in this business, it will serve you better than anything else.


Quote:

i like cow poo said:
A roth IRA seems like a safe way to make some cash.



A Roth IRA (or any special tax-adjusted account) is simply a vehicle to allow you to incur a lower tax rate on your investment profits. It is not a "safe" way to make some cash, because your Roth IRA account can still go to zero if you invest it all into companies that are going bankrupt, or may not change at all if you don't actively invest the money that you have in it.  The only advantage is a tax advantage, everything else about how you actively manage your money will be the same as if it were in regular old investment account.


*So please remember: discipline trumps conviction.  What does this mean?  In part, it means not falling into the trap of "this company has such great prospects, the market is stupid to be selling is off, I know I'll eventually be proven right and everyone selling is an idiot, so I'll just hold on for a little while longer (or maybe I'll buy even more!) and wait until it turns around."  Or the dreaded "damn I have really lost some serious money on this stock, so I'll just hold on until I get back to even and sell it."  Discipline is all about planning your trade and trading your plan.  Set your stop loss levels before you get into the trade, and ADHERE to them.  So what if you lose a little money on the trade?  Better to lose a little than to lose a lot, not to mention the psychological benefit of getting that loser off your screen so you can focus on the next, better trade.  Your first loss is your best loss.



:aweoverdose:  :awethumb:


Extras: Filter Print Post Top
OfflineManianFHS
living in perverty
 User Gallery

Registered: 07/06/04
Posts: 14,741
Last seen: 1 day, 15 hours
Re: I had en epiphany about money today [Re: blackdust]
    #19265529 - 12/12/13 12:20 PM (10 years, 1 month ago)

Wow @ that setup. Only thing i would recommend is a mouse beanbag for wrist comfort :wink:

To chime in, about 6 months ago i purchased a course called online trading academy for $250 or so, am getting through it and have learned a good deal. I also listen to the podcast power trading radio and try to understand everything theyre talking about. Hopefully one day it will be fluent language.


--------------------
notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,419
Loc: city of angels Flag
Last seen: 2 hours, 56 minutes
Re: I had en epiphany about money today [Re: ManianFH]
    #19266297 - 12/12/13 03:09 PM (10 years, 1 month ago)

By far, the most valuable resource helping me to get a better handle on trading has been Stock Market Mentor and Option Market Mentor.  At its core are the teachings of one trader, Dan Fitzpatrick, who has dedicated an unbelievable amount of time to creating the near-daily content and active forum community that the subscription service provides.  If you're only doing one, do Stock Market Mentor.  He even has free short videos posted most days, and a 30 day free trial.  If you are struggling in figuring out the market but are determined to make it work, the daily strategy sessions and various other tutorial material provided is well worth the time.  Even if you have a handle on the market, the daily information and forum participants can alert you to opportunities as they arise and certainly help keep me in sync with the aggregate flow of the market.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
Offlineunderfliptown
I suck and you should kill me


Registered: 03/07/11
Posts: 14,344
Last seen: 8 years, 5 months
Re: I had en epiphany about money today [Re: geokills]
    #19272408 - 12/13/13 08:48 PM (10 years, 1 month ago)

Geokills, your posts are outstanding! You're so helpful!:thumbup:


Extras: Filter Print Post Top
OfflineGHBeer
Intelligent Monkey
 User Gallery

Registered: 05/08/13
Posts: 76
Loc: Australia
Last seen: 6 years, 10 months
Re: I had en epiphany about money today [Re: underfliptown]
    #19295979 - 12/19/13 12:24 AM (10 years, 1 month ago)

we're all monkeys


Extras: Filter Print Post Top
OfflineOutThisLife
Male


Registered: 03/27/09
Posts: 1,296
Loc: 127.0.0.1
Last seen: 3 years, 10 months
Re: I had en epiphany about money today [Re: GHBeer]
    #19340598 - 12/29/13 07:53 AM (10 years, 1 month ago)

OP is an idiot holy shit.


Extras: Filter Print Post Top
Offlineunderfliptown
I suck and you should kill me


Registered: 03/07/11
Posts: 14,344
Last seen: 8 years, 5 months
Re: I had en epiphany about money today [Re: OutThisLife]
    #19340780 - 12/29/13 09:37 AM (10 years, 1 month ago)

Why?


Extras: Filter Print Post Top
InvisibleConfucian
...
 User Gallery

Registered: 03/31/09
Posts: 1,741
Loc: USA Flag
Re: I had en epiphany about money today [Re: underfliptown]
    #19343385 - 12/29/13 08:32 PM (10 years, 1 month ago)

Quote:

underfliptown said:
I think it would be better to watch the market and then sell your stocks the second you know its gonna jump.




You want to sell your stocks the second before it jumps?

Quote:

underfliptown said:

How long does it usually take to sell lets say 100 shares of a moderately popular stock?



The second you hit sell the shares will be gone.

Here is a look at Google's Chart on Friday. Each candle represents 2 minutes. I circled the volume bar at 10:40am. During the 2 minute duration from 10:40 to 10:42am a total of 56,400 shares were traded. The stock price barely budged by 50 cents.

56,400 shares * $1,115/share = $62,886,000

If you had $60 million sitting in your account and hit market buy the price wouldn't have even budged.



Extras: Filter Print Post Top
InvisibleConfucian
...
 User Gallery

Registered: 03/31/09
Posts: 1,741
Loc: USA Flag
Re: I had en epiphany about money today [Re: Confucian]
    #19343470 - 12/29/13 08:48 PM (10 years, 1 month ago)

It's hard to wrap your head around how much money flows through Wall Street.

Here is FB (on 12/12) in the first 2 hours of trading. Price from 9:30 to 11:30am stays between $50.75 and $51.50.

Volume during this time = about 41 million shares exchanged

Times about $51/share = about $2.1 billion traded. Stays within a 75 cent range.



Edited by Confucian (12/29/13 08:49 PM)


Extras: Filter Print Post Top
Jump to top Pages: 1 | 2 | 3  [ show all ]

Shop: Kraken Kratom Kratom Capsules for Sale   North Spore North Spore Mushroom Grow Kits & Cultivation Supplies   Original Sensible Seeds Bulk Cannabis Seeds   Unfolding Nature Unfolding Nature: Being in the Implicate Order   PhytoExtractum Buy Bali Kratom Powder   Bridgetown Botanicals Bridgetown Botanicals


Similar ThreadsPosterViewsRepliesLast post
* Lets stick it to the man! thread Stevefrench 1,111 6 09/30/15 08:39 PM
by iateshaggy
* I think Trump will fuck it all up. Asante 1,580 11 01/02/20 04:42 AM
by MrToon
* Does this look legit? The24HourMC 1,559 1 03/01/10 02:43 PM
by geokills

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
5,752 topic views. 0 members, 0 guests and 1 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.047 seconds spending 0.01 seconds on 14 queries.