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plasma
ɹoʇɐɹǝpoɯ

Registered: 09/17/08
Posts: 10,001
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Does anyone here invest in stocks?
#23420562 - 07/07/16 03:35 PM (7 years, 6 months ago) |
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I've got some money that's just sitting collecting dust and I'm looking to put it to work instead of just sitting in my bank account.
Any advice on the easiest way to keep track of my investments or who to invest with.
Working with ~ $5,000
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PatrickKn



Registered: 07/10/11
Posts: 20,563
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Re: Does anyone here invest in stocks? [Re: plasma] 1
#23420598 - 07/07/16 03:50 PM (7 years, 6 months ago) |
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Index funds are usually the safest bet, unless there is a financial collapse during that year. S&P500 usually nets around 10% or so per year, and there are fewer management fees than most mutual funds. This is a long term kind of thing though, and your interest builds more if you keep putting money into it over a long period of time of course.
I don't really fuck around with penny stocks, though you can get loaded off that stuff if you know what you're doing. It's pretty much gambling at that point.
I also have ~$2200 in bitcoin right now. Risky as fuck, but I figure I'm going to hold on to it for 20 or 30 years, and if it's value collapses I wont get mad because it was a gamble to begin with. Putting a couple hundred into it every 3 months or so.
I don't really know what I'm doing at all, but I'm saving quite a bit. I put 12% of my pay into an IRA, and then another 14% set aside for non-IRA investments. I'm sure there are ways out there to avoid management fees and stuff, but I'm not aware of them. Something to look into.
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Shiithead
Your Huckleberry



Registered: 04/05/13
Posts: 9,997
Loc: God's Flat Green Earth
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Re: Does anyone here invest in stocks? [Re: plasma]
#23420664 - 07/07/16 04:19 PM (7 years, 6 months ago) |
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Quote:
plasma said: I've got some money that's just sitting collecting dust and I'm looking to put it to work instead of just sitting in my bank account.
Any advice on the easiest way to keep track of my investments or who to invest with.
Working with ~ $5,000
Put it all on 34 red.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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theonlysun81
Long Time Lurker, Recent Member



Registered: 05/11/12
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Re: Does anyone here invest in stocks? [Re: Shiithead]
#23421089 - 07/07/16 06:41 PM (7 years, 6 months ago) |
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Bitcoins are going to double, maybe triple, in value on july 12th
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Starstepper
AI Brobot



Registered: 05/08/16
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Re: Does anyone here invest in stocks? [Re: plasma]
#23421112 - 07/07/16 06:47 PM (7 years, 6 months ago) |
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I second the notion of no penny stocks.
PM me with some details of what you are looking to do. Short term? Long term?
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falsereality


Registered: 04/01/13
Posts: 4,112
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Re: Does anyone here invest in stocks? [Re: Starstepper]
#23421126 - 07/07/16 06:51 PM (7 years, 6 months ago) |
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I made a small fortune off the stock market in highschool, while concurrently investing in cryptocurrencies. My advice, start small, play it safe, don't get greedy.
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Lophosaurus
suruasohpol


Registered: 08/09/07
Posts: 8,744
Loc: CA
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Re: Does anyone here invest in stocks? [Re: falsereality]
#23421298 - 07/07/16 07:44 PM (7 years, 6 months ago) |
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I don't invest in stocks yet, but I am going to soon. I am interested in trying my hand at buying stock options. I have been studying it for the last month and soon I will try a simulation with fake money to get ready to invest real money. Hopefully I have a talent for it and I can make enough "Fuck You" money to quit my job.
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FruitOfLife
Professional Package Handler


Registered: 05/21/12
Posts: 4,832
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Re: Does anyone here invest in stocks? [Re: Lophosaurus]
#23421311 - 07/07/16 07:49 PM (7 years, 6 months ago) |
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I only buy stock in the company I work for because we get a 5% discount on stocks and they can do a pretax payroll deduction so it. Otherwise I wouldn't invest in the stock market because I personally have no idea what the hell I would be doing.
Besides that I have a 401k set up which seems to be going up every year
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Sheekle
FREE BURKE



Registered: 01/11/10
Posts: 53,153
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Re: Does anyone here invest in stocks? [Re: theonlysun81]
#23421315 - 07/07/16 07:51 PM (7 years, 6 months ago) |
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Quote:
theonlysun81 said: Bitcoins are going to double, maybe triple, in value on july 12th
what makes you say that?
-------------------- "Ur cat died because he hated u" - Koods "I hope JSB kicks your ass one day." - Vandago "you are the biggest 'internet guy' I have ever come across"- Jokeshopbeard "The more I see you post the more I realize you're just this fuckin tie dye loser who trolls the Shroomery 24/7." - Herbologist "Sheekle you cannot vile the dice of bullshit you have posted on this forum over the years, I like databases" - thelastoneleft "or maybe i just come from a blood line of superior intelligence" - trees R.I.P Kelsy, ?/?/?? - 6/11/16
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Starstepper
AI Brobot



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Re: Does anyone here invest in stocks? [Re: Lophosaurus]
#23421329 - 07/07/16 07:55 PM (7 years, 6 months ago) |
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Ahhhh it feels just like yesterday when the margin calls started hitting for Fannie Mae and Lehman Bros.
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PatrickKn



Registered: 07/10/11
Posts: 20,563
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Re: Does anyone here invest in stocks? [Re: Sheekle]
#23421338 - 07/07/16 07:58 PM (7 years, 6 months ago) |
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Quote:
Sheekle said:
Quote:
theonlysun81 said: Bitcoins are going to double, maybe triple, in value on july 12th
what makes you say that?
On July 12th the program is set to halve bitcoin production. Meaning only half as many bitcoins will become available in a given amount of time and mining.
I don't know that it will double or not. Here's to hoping it does though, that would be nice.
Edited by PatrickKn (07/07/16 07:59 PM)
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plasma
ɹoʇɐɹǝpoɯ

Registered: 09/17/08
Posts: 10,001
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Re: Does anyone here invest in stocks? [Re: PatrickKn]
#23421344 - 07/07/16 08:00 PM (7 years, 6 months ago) |
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Fucking a, where can I buy bitcoins
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PatrickKn



Registered: 07/10/11
Posts: 20,563
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Re: Does anyone here invest in stocks? [Re: plasma]
#23421354 - 07/07/16 08:03 PM (7 years, 6 months ago) |
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Coinbase is what I use. I move them to a private wallet hosted on my computer afterwards.
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Niffla



Registered: 06/09/08
Posts: 46,489
Loc: Texas
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Re: Does anyone here invest in stocks? [Re: plasma]
#23421463 - 07/07/16 08:39 PM (7 years, 6 months ago) |
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I got a few thousand in Bank of America stocks. Got them at rock bottom so the hope is one day they'll rebound from their current pathetic state (at around $13 a stock) and join the other solid bank entities that hover in that $50 to $60 neighborhood.
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HAIL OUR NEW OTD KING
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plasma
ɹoʇɐɹǝpoɯ

Registered: 09/17/08
Posts: 10,001
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Re: Does anyone here invest in stocks? [Re: PatrickKn]
#23421470 - 07/07/16 08:42 PM (7 years, 6 months ago) |
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How does one go about cashing in their bitcoins?
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Starstepper
AI Brobot



Registered: 05/08/16
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Re: Does anyone here invest in stocks? [Re: plasma] 1
#23421473 - 07/07/16 08:43 PM (7 years, 6 months ago) |
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Find some guy like you that has $5000 to invest. Duh
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,372
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Re: Does anyone here invest in stocks? [Re: Starstepper]
#23421515 - 07/07/16 08:58 PM (7 years, 6 months ago) |
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I do, but its through my employers retirement program. It seems to me to be a no-brainer, as they match a small amount of my contributions (5%), and its all pre-tax.
-------------------- ...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
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Shiithead
Your Huckleberry



Registered: 04/05/13
Posts: 9,997
Loc: God's Flat Green Earth
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Re: Does anyone here invest in stocks? [Re: plasma]
#23421884 - 07/07/16 11:14 PM (7 years, 6 months ago) |
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Quote:
plasma said: How does one go about cashing in their bitcoins?
Bovada accepts bitcoins as payment. If I hit big on an actual btc gambling site I will transfer the funds to bovada and then cash out with them and they send me a check in USD.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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