Stock Market (15 Viewers)

JuveMkd

JuveMkd

KyPBA
#501
Aug 26, 2014
2,495
#501
pavelnel said:
I am not Steve Jobs nor Elon Musk and I never wanted to be. I would love to be Einstein, Hemingway, or James Joyce though.



I know you want me to blame the banks and the hedge funds but I also blame the people who got carried away and overleveraged themselves.
The financial crisis was a blessing in disguise for me. I started investing a little while after that. I never got carried away with leverage. Now, I have one credit card with a 500 euro limit. That is my leverage. I almost never use it.
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Yes I blame the people too, but the system needs to change to stop the exploit and protect the people in the first place. Those promised regulations after the crisis never came and the big banks and the hedge funds started doing the same shit. So when others try to do it it's bad. Really??
 

Buy on AliExpress.com
Bjerknes

Bjerknes

"Top Economist"
#502
Mar 16, 2004
116,383
#502
pavelnel said:
You are like the typical fraudsters I have been dealing on a daily basis that were good for nothing but were trying to explain to me how things work. Your knowledge of economics is farcical. I know many people like you who were pretty shit in making money in honest ways and got involved in crypto, options trading, and daily trading. In fact, all of the dumbasses I know got involved in this.
I know people, who I caught involved in fraud, later on to create their own ICO. Many of the biggest fraudsters I and my teams caught during these years got involved in crypto. Most of you are delusional dumbasses and outright fraudsters who spread voodoo and flat-earth economics.
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This guy and his supposed team of dumbasses are more concerned with someone like me buying a 1000 worth of call options in a week than hedge funds or large banks that front run entire markets. Goes to show what good regulation does with a clown like this in charge of it. :lol:
 
Buck Fuddy

Buck Fuddy

Lara Chedraoui fanboy
#503
May 22, 2009
10,897
#503
JuveMkd said:
Yes I blame the people too, but the system needs to change to stop the exploit and protect the people in the first place. Those promised regulations after the crisis never came and the big banks and the hedge funds started doing the same shit. So when others try to do it it's bad. Really??
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:tup:

@pavelnel raises a few good points. But he does, unintentionally I think, make it sound a bit like regular people exploiting the system is bad while the big guys doing it is good.

From where I'm standing, the entire system is rotten: banks, stock exchange, hedgefunds, national banks etc. So stressing good practices, risk management, etc seems like a moot point. Those days are long gone.

(On a somewhat related note: I always thought the entire banking system was nothing more than a legalized Ponzi scheme anyway.)
 
duranfj

duranfj

Senior Member
#506
Jul 30, 2015
8,799
#506
pavelnel said:
My portfolios are all in green. In fact, I no longer invest income. I have withdrawn from active investing two years ago, and no longer trade regularly. I had multiplied my investments by that time. I have pension funds, which are all in green too. I reinvest only profits from investments, but I am well diversified.
I have been living almost 2 years only with the interest of my deposits. I have started some small businesses that I do not want to scale up, but Covid hit them hard, but I think they will be successful once things normalized. I do not want them to be too successful though.
I think, had I not wasted so much money on travel and food, I would have retired when I was 32. I did it when I was 36 instead.
I really do not need more money for myself. Had I been alone I could live the rest of my life with my small business endeavors, which are more of a hobby once per week and have brought me only losses so far.
I have everything I want, except Porsche Taycan, which I think I can buy in the next few years if my reinvested profits and small business grow as expected. I have never been materialistic anyway and I have been trying to lead a more sustainable and environmentally friendly life. This is my true passion.
I grew up poor as a rat. My parents never had enough money, but that was OK for me.
I never cheated or was involved in any irregular activity. I have always followed the rules and fought against them in an open way, whenever I thought they were inadequate.
As I said, if there was no need to help other people, I will not need to work another day in my life, or at least until AI takes over and fucks us all, there is another pandemic, or a nuclear war, or Bjerknes and his fellow flat-earth economists bring us another financial crisis.
I have started working several months ago for a company that offers software, financial, risk management, and customer services to the gambling industry just out of boredom and I wanted to recuperate the losses of my small businesses.
I do not share this to show off, but just to tell younger people they do not need to hurry and get involved in dubious activities to be successful in life. Just do what you love or do something you do not love until you make enough to do the things you love. LOL.
I live in Bulgaria by the way. The poorest country in EU.
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Similar here (poor, work hard, invest, create value, employees and profit at the same time), created some businesses and kind of succeed by the time of my early 30's. Sadly, I got complete bankrupcy almost two years ago: socialism, dictatorship, corruption, thieves, stupidity, family attachment and stubbornness.

Now I have to do it again in my late 30´s with my entire family in this new world in a new country (where I expect to live while we get the citizenship and my older son go to college and then move again on my middle 40's, kind of annoying).

I'm working my way back to be able to invest again in a couple of years. I know for sure I'm going to invest in some small businesses and properties like I did in the past but I'm going to diversify way more with the "legal" markets opportunities gives you. We all know that create wealth with a flexible moral or even a criminal behavior is way easier but IMO noone here is talking about anything extreme, Trump or not supporter include
 
IliveForJuve

IliveForJuve

Burn this club
#507
Jan 17, 2011
18,939
#507
Juvellino

Juvellino

Senior Member
#508
Mar 19, 2015
7,169
#508
pavelnel said:
Guys, if you are not into this just for the money, but have some misguided ideals behind it, you are idiots. Please, do not BS me with statements how you stick it to the big guys. LOL. The big guys are making more money with this than the small investors.
You may punish some hedge funds but the smart ones have covered their positions and are raking in profits by now. Most of the stock is in the hands of institutional investors that already made billions. LOL.
In reality, you will stick it to the average Joe who has come late to the party.
I bet heavy regulations is coming too. Thanks to the short term morons on WSB, long term investors like me will have to live with the concequences of their stupidity and greed.
And you are not helping business like GameStop when you buy their stock but spend your money on Amazon, Steam, Apple etc. If you were so concerned about small or medium size business you buy from them like I do.
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Don’t hurt yourself falling off your high horse :baus:
 
Fellas

Fellas

Farsopoli
#514
Jun 13, 2005
3,136
#514
I have Nio and thinking on getting Walt Disney (disney streaming and in the future opening up Disney World, toys).

Good ones? Can someone with knowledge help me with good stocks to buy :D
 
OP
AFL_ITALIA

AFL_ITALIA

MAGISTERIAL
Thread Starter #515
Jun 17, 2011
31,838
  • Thread Starter
    • Thread Starter #515
    Fellas said:
    Im new to stocks. Any tips om what to buy? :D
    Click to expand...
    Think about what level of risk you're comfortable with taking on. If you just see the market as a casino and don't care if you lose everything that you invest, then just throw money on whatever you wish. If you're looking for "safe" long-term growth, then it's best to have a diversified portfolio. If you'd like overall exposure to markets in general without choosing individual companies, look into index funds or some ETFs. However, note that these tend to also have minor fees.

    For individual companies, there's always some big safe options like Apple (AAPL), Google (GOOGL), Microsoft (MSFT), McDonalds (MCD) and Disney (DIS) as you've said. Sherwin Williams (SHW) has been pretty great for me as well. Beyond that, if there's a company that you think has growth potential, then do a little research and go for it. Or look at the state of the world and where you think it's going (for example, a shift to electric vehicles as the standard or renewable energy), and then find some companies within that space that can take advantage, like Nio as you've said. I'm hoping BlackBerry (BB) will be one of those as well, but it has been bid up like crazy now as part of the GameStop saga. Then after you have a nice base, you can just yolo a few hundred dollars here and there on risky opportunities for some short term gains.

    For what it's worth, where I've gained the most so far has been these 5 since the crash in April:
    1. Tesla (TSLA) - 413%
    2. GameStop (GME) - 164% - Bought like a week ago, of course this one is wildly abnormal and I could lose this all tomorrow :p
    3. General Motors (GM) - 131%
    4. Chipotle (CMG) - 110%
    5. Square (SQ) - 107%
     
    Last edited:
    Fellas

    Fellas

    Farsopoli
    #518
    Jun 13, 2005
    3,136
    #518
    AFL_ITALIA said:
    Think about what level of risk you're comfortable with taking on. If you just see the market as a casino and don't care if you lose everything that you invest, then just throw money on whatever you wish. If you're looking for "safe" long-term growth, then it's best to have a diversified portfolio. If you'd like overall exposure to markets in general without choosing individual companies, look into index funds or some ETFs. However, note that these tend to also have minor fees.

    For individual companies, there's always some big safe options like Apple (AAPL), Google (GOOGL), Microsoft (MSFT), McDonalds (MCD) and Disney (DIS) as you've said. Sherwin Williams (SHW) has been pretty great for me as well. Beyond that, if there's a company that you think has growth potential, then do a little research and grow for it. Or look at the state of the world and where you think it's going (for example, a shift to electric vehicles as the standard or renewable energy), and then find some companies within that space that can take advantage, like Nio as you've said. I'm hoping BlackBerry (BB) will be one of those as well, but it has been bid up like crazy now as part of the GameStop saga. Then after you have a nice base, you can just yolo a few hundred dollars here and there on risky opportunities for some short term gains.

    For what it's worth, where I've gained the most so far has been these 5 since the crash in April:
    1. Tesla (TSLA) - 413%
    2. GameStop (GME) - 164% - Bought like a week ago, of course this one is wildly abnormal and I could lose this all tomorrow :p
    3. General Motors (GM) - 131%
    4. Chipotle (CMG) - 110%
    5. Square (SQ) - 107%
    Click to expand...
    Thanks man I appreciate it !
     
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