Stock trading

Discussion in 'Non Surf Related' started by Zippy, Dec 25, 2016.

  1. Towelie

    Towelie Well-Known Member

    Nov 27, 2014
    ^ account statement or gtfo
     
  2. Towelie

    Towelie Well-Known Member

    Nov 27, 2014
    wrong. 30k + 12k/year at 5% compounding yield is 199.5k... which is after 150k "invested" is a mere 33% capital gain...and after 10 years. which is actually more like 3.3% annual yield. so that 5% compound bs the discount broker is feeding is complete crap. but hey your money.

    also.. fun facts:

    stock taxes : 39% of profits
    annual inflation as of 2016 = 1.7% (yep.. substract that from your 3.3% to understand what actual VALUE increase you're getting)

    Vanguard 500 is over $200/share.. really, you gonna advice THAT to a new investor?

    again, account P/L statement or gtfo
     

  3. Barry Cuda

    Barry Cuda Guest

    I retired at age 56. That alone will tell you all you need to know.
    I took on other jobs to prevent boredom.
     
  4. Towelie

    Towelie Well-Known Member

    Nov 27, 2014
    yup, most b/s'ers evade this question. lets see what yankee replies next. stay tuned.
     
  5. Barry Cuda

    Barry Cuda Guest

    Intelligent persons do not post their earnings on chat rooms.
    Even if dummies ask them to...<grin>

    Start investing, or work for "the man" until you drop dead. BTW, who is this "man" all youz speak of??
     
  6. Zippy

    Zippy Well-Known Member

    Nov 16, 2007
    Oh man That would be awesome. I know I'm gonna be working till I drop. The good thing is my idea of working is close to most peoples idea of retirement.
     
  7. SloFlo

    SloFlo Well-Known Member

    Oct 6, 2016
    I retired much earlier than Barry did, but I must say it was not by choice. I was my grandmother's P.O.A. and designated healthcare surrogate. I sold my corporation, when the time came to assist her. She handled her investments quite differently than I have done over the years. She used to awaken at 3am and plow through the WSJ, keeping track of the entire market, and she was an excellent investor. Her way worked for her, and it kept her sharp in her elder years, giving her something to do; she loved it. I then doubled her investments.

    Simply invest what you would not mind losing, as you learn. If you have assets around 500k, you can approach the wealth management division of your bank and become a client. There are pros and cons to it. They will then handle all for you, and the fee is around 4%, but like any entity, you have to watch them...
     
  8. nynj

    nynj Well-Known Member

    Jul 27, 2012
    My grandmother was an excellent investor... Then I took over her investments and doubled them. I am an amazing investor. Probably the smartest investor there is. Yes, I am the most excellent, smartest investor.
     
  9. SloFlo

    SloFlo Well-Known Member

    Oct 6, 2016
    You skip too much, but I will enlighten you, just a bit more. Her father owned a bank during the time of the Great Depression, and so she learned well. People having lived through that time learned to be extremely conservative with their investments.
     
  10. Towelie

    Towelie Well-Known Member

    Nov 27, 2014
    not to mention rent on lower floors..
     
    Last edited: Dec 26, 2016
  11. SloFlo

    SloFlo Well-Known Member

    Oct 6, 2016
    "The only thing we have to fear is fear itself." FDR
     
  12. nopantsLance

    nopantsLance Well-Known Member

    Aug 15, 2016
    Not always but I have found-
    usually...

    “When a person with money meets a person with experience, the person with the experience winds up with the money and the person with the money winds up with the experience”
     
  13. yankee

    yankee Well-Known Member

    Sep 26, 2008
    My pleasure. Always happy to assist the good guys, people who work hard & want to provide a solid future for their families. The stock market via index fund investing is the place to accomplish that goal.

    I've been giving an annual presentation to my employees for the past several years. It covers the basics: balancing one's checkbook, have a budget, the dangers of debt, how you can get upside down via simple interest loans, save as much money as you can, basic investing stuff & what to steer clear of.

    I've got every type of employee from GED guys to college grads. It's pretty stunning how many folks lack the basics of financial aspects - - opening them up to the financial predators from the financial entertainment industry. Some of my long-term employees (over 10 years) have done really well. They control the things they can control: do well at one's work to earn revenue, have a budget & stick to it, have a savings plan, invest in low-cost index funds & stay the course no matter what the media is hyping.

    In every discussion on The SI Fourume there's always one or two unhelpful, shrill voices who contribute absolutely nothing. Millenial towelie is that shrieking no-nothing yahoo. His numbers on the compounding are erroneous because he deliberately compounded at the wrong times to 'prove' his point. More than that, however, is that the kid can't come up with a decent idea because he doesn't have a decent idea; he just rips on anything & everything because that's what proles do. Enough wasted time on that guy.

    I've had my differences with Brad over the time here, but props to him he's obviously done trading & investing because his terminology is accurate. Gaffer is another guy who occasionally posts on here & who is very skilled / knows the investing game. I've tossed a few ideas back & forth with him offline & he has a sharp mind. There's a guy who posts out of VB, can't recall his name sorry, he day trades a lot & he seems to have things decently wired.

    Barry does know what he's talking about & is not that shrill voice, btw.

    Barry you have a decent amount of trading experience along with your investing. Good mix there. As you well-stated, trading is fun, keeps the mind intrigued, it's what makes us humans tick sometimes.

    Investing is not trading, guys. Investing is for long-term wealth building. Ergo, when an idiot states that VFIAX is priced at a price that's too expensive for a new investor, the idiot merely demonstrates that he doesn't understand investing.

    The VANG 500 index fund is weighted by the market capitalization of each stock, so if a big stock goes up in value it goes up by the exact same amount in the fund.

    Secondly, the companies in the S&P 500 derive about half their earnings from outside the USA; ergo, anyone criticizing the VANG index fund as 'only' a USA fund misses the point that there is de facto exposure to the global reach of businesses, it just doesn't have a price in an international market.

    Vanguard Index 500: it is the way & the truth to having a nice chunk of money 10, 15, 20 yrs down the road. Sock it away, Zippy, you won't regret it. There will be ups & downs in the market. Pay no mind to the daily insanity of the financial entertainment industry, i.e., lousy 'stock pickers' like Cramer & the daily Wall Street reports.
     
    Last edited: Dec 26, 2016
  14. yankee

    yankee Well-Known Member

    Sep 26, 2008
    I've done well enough to retire this year at an age that allows me to stop working, and go surfing as much as I want, with zero debt & a very strong portfolio.

    I don't utilize an advisor, I don't try to keep up with the hottest stocks & I don't lend money to people for the simple reason that money ruins relationships.

    I do stay the course in solid, good financial products with low fees & low tax to no tax events. I do exactly what I've stated because it works, and I believe that it will work well for you, as well, Zippy.
     
    Last edited: Dec 26, 2016
  15. sheetglass

    sheetglass Well-Known Member

    186
    May 12, 2008
    You're finishing pretty weak in the 2016 Hater of the Year race there, yankee (err...sparky)
     
  16. SloFlo

    SloFlo Well-Known Member

    Oct 6, 2016
    Yankee, I believe you may be tossing so much information out there at Zippy, that you might simply scare him off...baby steps...
     
  17. goofy footer

    goofy footer Well-Known Member

    431
    Sep 23, 2010
    Hey Yank this one's better yet, missed this gravy train for the winter home in Costa

    Those smart investors the fall of 2008 who purchased 75K of Smith & Wesson stock is worth about 1.2 Million 8 years later. My investing is about as good as the surf forecast was for yesterday, a day late and dollar short for this "Sparky".
     
  18. pkovo

    pkovo Well-Known Member

    593
    Jun 7, 2010
    Stocks traded on a major exchanges are generally very liquid. Barring any unusual (uncommon) circumstances, your order, buy or sell, will be filled very quickly. Your order is being filled by a middleman of sorts, who's job is essentially to fill orders and keep that stock liquid. They also take a little piece of the action. If your trading something not on the major exchanges, like a pinksheet stock, there could be little liquidity.

    If you google "market maker" and/or "NYSE Specialist" you'll get links explaining how it works in detail. Its actually pretty interesting...well to me anyway. I dont day trade, but I used to work in this field.
     
    Last edited: Dec 26, 2016
  19. Zippy

    Zippy Well-Known Member

    Nov 16, 2007
    I'm not scared away, just away in a hotel with terrible wifi
     
  20. Towelie

    Towelie Well-Known Member

    Nov 27, 2014
    prove my math wrong.