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 StrandedVoyager
The People's Champ
Registered: 12/09/04
Posts: 3,236
Loc: (202)-456-1414 Call Me
Last seen: 7 years, 8 months
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 Thinking about jumping into the stock market. 
#4237163 - 05/30/05 03:26 PM (18 years, 10 months ago) |
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So I was watching NewsRadio, like the episode where Jimmy James is going off about stocks and I thought "Dude... I have money... I have free time... I have a computer... I should jump into the stock market."
So I think I'm going to start off with like $100 and see what happens. I'll probably lose it all over in a couple of days but it could be fun and hey I like gambling and figuring out systems and how to beat systems (kind of how I wound up on the shroomery trying to beat a different system awhile ago) so yeah.
Advice? Praise? Condemnation?
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Hi 
My god... it's full of stars...
Edited by PhatWhitey420 (05/30/05 03:27 PM)
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 thegatewaydrug
my burning sunwill some dayrise
Registered: 11/15/04
Posts: 6,987
Loc: wherever i may roam
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4237420 - 05/30/05 04:47 PM (18 years, 10 months ago) |
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id say try it. my friend got $4700 and he only invested about $200. its like gambling though, sometimes u win sometimes u lose
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TheDudeAbides
Livin Off FrostyBarley Pops andPork Soda
Registered: 10/23/01
Posts: 3,571
Last seen: 2 years, 7 months
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Re: Thinking about jumping into the stock market. [Re: thegatewaydrug]
#4237477 - 05/30/05 05:15 PM (18 years, 10 months ago) |
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Go for it man, take a risk, enjoy life 
Also, what channel were you watching NewsRadio on? I fucking love that show..
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SkorpivoMusterion
Livin in theTwilight Zone...
Registered: 01/30/03
Posts: 9,954
Loc: You can't spell fungus wi...
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4237689 - 05/30/05 06:29 PM (18 years, 10 months ago) |
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Real estate is much more stable and just as lucrative - if - not more.
For a very insightful book, I recommend Real Estate Riches by Dolf DeRoos. One of the most compelling books on real estate, ever.
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Coffee should be black as hell, strong as death, and sweet as love.
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THE KRAT BARON
one-eyed willie
Registered: 07/08/03
Posts: 42,409
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4237715 - 05/30/05 06:37 PM (18 years, 10 months ago) |
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I say go for it bro. If you find out any good stock opps. PM me! Im sure I could scrounge up a hundred bucks somewhere if it were going to multiply. hah.
edit: I was thinking about going into the stock market a while ago I had a little extra money. Was going to put $100 into Sonys stock but never got around to it. I figured that when the PSP came out it would go up and I was reading the paper everyday checking. It was going up a little every day and somedays it would dip a little. At the time the PSP came out it didnt go up much at all. After that I was never interested.
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m00nshine is currently vacationing in Maui. Rumor has it he got rolled by drunken natives and is currently prostituting himself in order to pay for airfare back to the mainland but he's having trouble juggling a hairon addiction. He won't be back for a long while.
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Le_Canard
The Duk Abides
Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1 
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4237930 - 05/30/05 07:54 PM (18 years, 10 months ago) |
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Well, it can be rather lucrative with a little bit of skill and luck. You can also lose a lot of money too, if you're not careful. But you're doing the right thing by only using $100 to start out with.....
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Vex
Stranger
Registered: 05/04/05
Posts: 1,284
Last seen: 18 years, 6 months
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4238007 - 05/30/05 08:20 PM (18 years, 10 months ago) |
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the market is supposed to surge upwards quite a bit this summer, so get it in there now why it's still cheap.
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SoopaX
Criminal DrugAnalyst
Registered: 11/12/04
Posts: 1,690
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4238312 - 05/30/05 10:13 PM (18 years, 10 months ago) |
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100$? Are you going to buy two shares of stock?
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Jackie Treehorn treats objects like women, man
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Corporal Kielbasa
Registered: 05/29/04
Posts: 17,235
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4238334 - 05/30/05 10:20 PM (18 years, 10 months ago) |
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I wouldnt jump into it. Do reaserch into the various markets and buisness. Take into acount if you want to be an agressive trader or a longterm player.
Longterm for a novise is where its at as long as you really do some reaserch or you get a good tip.
If you want to be up to date and part of it beeing agressive and activly buying and selling can make you quick dollars.
But like Skorpio said realestate is a awesome way to go. You get bank in a couple years if you find the right areas.
and Skorp im going to get that book this week thanks.
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looner2
ABBA fan
Registered: 06/20/04
Posts: 3,849
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Re: Thinking about jumping into the stock market. [Re: Corporal Kielbasa]
#4238349 - 05/30/05 10:26 PM (18 years, 10 months ago) |
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I lost 500 dollars because I bought K-mart stock when they were going under. Their shares were going for like 50 cents and I thought for sure they were going to get a government subsidiary to pull themselves out of debt and I would be a rich man. But they declared bankruptcy, screwed the stockholders and I lost 500 bucks, since they had no more debt, they were able to rebound and stay in buisness. Fuck Kmart. I will forever be a loyal wal-mart shopper.
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I am in love with Acidic_Sloth
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SoopaX
Criminal DrugAnalyst
Registered: 11/12/04
Posts: 1,690
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Re: Thinking about jumping into the stock market. [Re: looner2]
#4238362 - 05/30/05 10:31 PM (18 years, 10 months ago) |
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*ahem* Technically they didn't "fuck the stockowners", I"d saythat term works for people who lied at Enron and MCI.
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Jackie Treehorn treats objects like women, man
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SkorpivoMusterion
Livin in theTwilight Zone...
Registered: 01/30/03
Posts: 9,954
Loc: You can't spell fungus wi...
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Re: Thinking about jumping into the stock market. [Re: Corporal Kielbasa]
#4238492 - 05/30/05 11:22 PM (18 years, 10 months ago) |
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Quote:
SHEIKofSHIITAKE said:
I wouldnt jump into it. Do reaserch into the various markets and buisness. Take into acount if you want to be an agressive trader or a longterm player.
Longterm for a novise is where its at as long as you really do some reaserch or you get a good tip.
If you want to be up to date and part of it beeing agressive and activly buying and selling can make you quick dollars.
But like Skorpio said realestate is a awesome way to go. You get bank in a couple years if you find the right areas.
and Skorp im going to get that book this week thanks.
It's an excellent book, and he even goes right off the bat into how Real Estate is superior to Stock Market investing in the first chapter, hehe.
After you read that, "Real Estate Loopholes" by Diane Kennedy and Gary Sutton is a real keeper too.
And there is also the "36-Hour Real Estate Investing Course" by Jack Cummings, which is everything condensed into one solid book, written in a formal, yet very simple manner. But it's been the hardest book for me to finish, just because it's so text-bookish and very, very boring. But in all due respect, this book is probably the most technically informative.
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Coffee should be black as hell, strong as death, and sweet as love.
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downforpot
Stranger
Registered: 06/25/01
Posts: 5,715
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Re: Thinking about jumping into the stock market. [Re: SkorpivoMusterion]
#4240389 - 05/31/05 02:35 PM (18 years, 10 months ago) |
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The problem with real eastate is that when interest rates go up, home buying goes down. The interest rates have been going up for the past few years... I've got 200 dollars to start but I kinda wanna spend it all on weed, which I have been doing for the past few weeks.
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http://www.myspace.com/4th25
"And I don't care if he was handcuffed
Then shot in his head
All I know is dead bodies
Can't fuck with me again"
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SoopaX
Criminal DrugAnalyst
Registered: 11/12/04
Posts: 1,690
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Re: Thinking about jumping into the stock market. [Re: downforpot]
#4240556 - 05/31/05 03:15 PM (18 years, 10 months ago) |
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Guys? are you kidding? this guy has a hundred bucks to drop, "real estate" isn't a viable option for him. Neither are stocks, really. 100$ to invest and make some money? A spore print, 200lbs of compost and straw, bird seed.
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Jackie Treehorn treats objects like women, man
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Digs
Stranger
Registered: 07/06/03
Posts: 1,291
Loc: aca
Last seen: 14 years, 1 month
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Re: Thinking about jumping into the stock market. [Re: looner2]
#4240768 - 05/31/05 04:04 PM (18 years, 10 months ago) |
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Quote:
looner2 said:
I lost 500 dollars because I bought K-mart stock when they were going under. Their shares were going for like 50 cents and I thought for sure they were going to get a government subsidiary to pull themselves out of debt and I would be a rich man. But they declared bankruptcy, screwed the stockholders and I lost 500 bucks, since they had no more debt, they were able to rebound and stay in buisness. Fuck Kmart. I will forever be a loyal wal-mart shopper.
That's standard policy.
If you want more secure returns when a company's nearing bankruptcy buy bonds intead of stock. (although obviously they can default on bonds, bondholders get paid off before stockholders).
Buying shares of a company nearing chapter 11 is risky, sometimes it pays off huge, sometimes it doesn't.
No reason to hold a personal grudge, except just that k-mart sucks in general.
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Che_Night_Soil
Koinoniphobic
Registered: 07/16/02
Posts: 1,533
Loc: Commonslaughtia
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4240790 - 05/31/05 04:09 PM (18 years, 10 months ago) |
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Check out Cbeyond Communications' IPO. IPOs are not really the best thing to recommend to someone new to the market (like me), but they can do alright (e.g., Google).
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if(human==autoPart){
for(i=1;i<infinity;i++){
getBorn(mind,soul);
getEdu(mind,soul);
getJob(mind,soul);
retire(mind,soul);
die(mind,soul);
}
}
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Jellric
altered statesman
Registered: 11/07/98
Posts: 2,261
Loc: non-local
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Re: Thinking about jumping into the stock market. [Re: StrandedVoyager]
#4240832 - 05/31/05 04:17 PM (18 years, 10 months ago) |
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Interest rates are rising and there is an inverse relationship (over time) with interest rates and stock prices. It hasn't kicked in yet, but sooner or later the two will synch up.
The real estate market is a bubble that may burst soon. Rampant speculation has driven prices to unsustainable levels. Real estate is very unstable right now.
If you want to invest, invest in T bills. If you must speculate try shorting the market.
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I AM what Willis was talkin' bout.
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SkorpivoMusterion
Livin in theTwilight Zone...
Registered: 01/30/03
Posts: 9,954
Loc: You can't spell fungus wi...
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Re: Thinking about jumping into the stock market. [Re: downforpot]
#4241342 - 05/31/05 06:24 PM (18 years, 10 months ago) |
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The problem with real eastate is that when interest rates go up, home buying goes down.
Well look at it this way, do you really want to be buying property when everybody is buying? When home buying goes down, price tags and offers go down, and so forth. Prime time to buy.
Then when the pendulum swings back to the other direction, i.e. interest rates going down and home buying going up, then it becomes the time to sell...
Makes sense?
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Coffee should be black as hell, strong as death, and sweet as love.
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