I'm no Wall Street shark, but I'm not your basic investor either (I know the basics of technical and fundamental values of stocks).
I'm curious if you Hokies have any potential stock tips? Anything hot that you're tracking / waiting to get in on?
Forums:
DISCLAIMER: Forum topics may not have been written or edited by The Key Play staff.
Comments
Buy low, sell high
Everything I know about stocks i learned from Trading Places
True...Warren Buffet
Go back in time one year and buy AMD and CPXX like I didn't.
Serious answer: I quit daytrading earlier this year because it took up too much of my time vs. how much I made. It also makes taxes a pain in the ass. I just use Wealthfront and Acorns for my investments now. If anyone is interested in joining either one of those post your email in a reply and I'll send you a promo code.
I'll second Acorns. I throw in money every week along with my "spare change" from purchases. It has a great app and, in my opinion, low fees.
What exactly is Acorns and how does it work?
https://www.acorns.com/
tl;dr Acorns monitors transactions on accounts you link to it, rounds up the change on each transaction to the next dollar, and invests that amount into a portfolio of ~6 ETFs.
i just quit daytrading myself and jumped into options instead. gave me more freedom from staring at my computer screens daily hoping to squeeze out miniscule profits...
How did you transition into options and what information do you gather regarding the options you pick?
Go back in time a year and buy a diverse set of everything, but mostly focus on the FANG stocks, or
go back one month and buy airlines, or
go back one day and buy Ford and TEVA.
The fiance works for The Motley Fool (a stock advice company) and while she insists she can't give me personalized advice, she says that buying and holding is the best way to go. Buy what you know, and invest for the long term.
I like TMF a lot, I imagine it would be a very cool place to work. How'd she swing that gig?
One of my friends works there. He's always showing us pictures of the free beer, jello shots and VR gear in their break room that they can use at work everyday. I work for the government, so our Christmas party consists of paying $10 for 2 slices of shitty pizza and a water bottle. Some jealousy to be had
She actually worked at the nearby starbucks and served the ranking members for a couple of years until she decided to ask if they had any openings and she's been there ever since. Its a pretty cool story actually.
The people there are awesome, and if they had a position for a Civil Engineer, I'd be the first to apply.
I have been reading the Fool for over a decade now. Every now and then they get some mistakes, but on the whole I have made a good bit with their stock picks.
Long term is the only way to invest as far as I am concerned. Dividend reinvestment until retirement, then use the dividends for income.
Buy high and sell low
Last time I tried this, I woke up with a portfolio full of Frito-Lay and Little Debbie stock
YUM Brands (Frito Lay) is actually a decent stock.
YUM brands isn't Frito Lay. They are owned by PepsiCo.
I see you're... ummm... casting a large net with this topic...
WHY IS TSL IN THE SAME GOD AWFUL FORMAT AS Le'SUCKASS?!
Because TSL owns TheSabre
Will Stewart, who owns and runs TSL created the brand 'SportsWar' years ago. That entity operates TheSabre as well as BoneyardBanter, which is one of ECU's main sites. They have a few others, but none are as popular as those 3, and quite a few are complete ghost towns.
Ah very interesting, I honestly had no idea. If thats the case I'm surprised they have yet to update their commenting format. I'm sure it goes way into the weeds of code and all matters of interwebz that I know nothing of, but the system is awful by today's standards.
They tried going with a hybrid of a modern Vbulletin format with an alternate view that catered more to the long-time users happy with the current format. Most everyone, especially the 'who moved my cheese' crowd hated it so they switched back.
There were a lot who preferred it, myself included, and they essentially turned their back on the whole lot. When they initially made the move they begged and pleaded to everyone to adapt and there were many who did and got very used to it. They made it clear that vB was the way forward, and they begged people to subscribe to help out the transition.
They abandoned the approach a year later and reverted everything back to the old format when they had a survey that said the people who left the site would not come back until vB was gone. They openly didn't give 2 shits about the people who went out of their way to help them out through the transition and made it clear they would rather recapture what they lost rather than build on their gains.
I immediately dropped my subscription after that and came to TKP and started giving financially here. That whole process was more than slightly screwed up from start to finish.
My advice? If you think you can consistently beat the market then you would probably be wealthy enough not to worry about it.
Warren Buffett in the latest letter to stockholders stated that index funds are the way to go in today's market. They have obscenely low costs for the most part and generally good performance. He has challenged any manager to beat an index fund for a period of 10 years. One took him up on the bet, the manager is losing badly.
Warren Buffett has been beating this drum for a long time, and the numbers support it.
Now, there are always your Renaissance Technologies out there who are consistently beating the market, but their best funds are not open to the public and they are about as secretive and tight-lipped as businesses come.
Index investing has proven its value over the long term. That's not a recommendation, but the math is the math.
I will share that as someone halfway through their CFP study, and working for a LARGE investment firm, I always tell clients that if you want to start day trading stocks or something to that effect, just remember that no matter how much research you do, someone else is doing more. And they are making money by taking it from other stock investors.
Hey finance friend :)
CFA here. Just a word of caution to a fellow Hokie pursuing a professional designation in finance. No matter how tempting (and this one is very very tempting), don't participate in message boards. Even making a general comment like you did can be construed as soliciting advice without understanding who your client even is. It's just not worth it.
In the past all I did was look up the holdings of Warren Buffet/Berkshire Hathaway and what portions they have bought most recently that pay dividends and invest amongst those. I have been leaning towards index funds on his advice as well. Its also just amazing to see how many of the companies are completely owned by Berkshire.
I just wish my Berskshire Hathaway stock paid a dividend. I have those to just ride the climb up with all of his other investors.
VTSAX, VBTLX, VTIAX and the like. Or whatever low cost index funds you have access to.
When it comes to investing, I've heard these guys aint nothing to f*ck with
via GIPHY
Does this get me in trouble?
As long as your profile picture is accurate, you should be fine. Though that does bring up an interesting question: can horses be racist?
of course they can, Clydesdales are racist as phuck
Invest in yourself young man. Whether it's time to buy or sell, you still win.
Index funds until the cows come home. Betting on individual stocks, or investing in anything for the short term, is for gamblers.
SQQQ
Putting your money into today's obscenely valued market with a dollar that will eventually lose its reserve currency status and not watching it like a hawk is a recipe for disaster.
We've gone from bubble to bubble with the mother of all bubbles coming down the pike.
Guys and gals I like talk about reward free risk. I am trying to get used to an options only strategy with a view of only investing money for shorter time horizons and and am 25% in cash. Berkshire is I think way more than that, but more than that Warren talks a book that is not what he has to live with. Don't trust people giving you advice that they don't follow, don't even know if it works. This is not investment advice, not sure my option strategy is gonna work, but it is a just don't get your head too far stuck. The elephants are very nervous and close to the exit. The fact you all are so ebullient over indexing should serve as a warning, but I'm pretty sure it won't.
People have been saying the market is overvalued since the market existed (it's at an all-time high 70% of the time after all). The fact that people are ebullient over indexing shows that for the first time in history the working class person has a low-cost, consistent means to access gains of the market and people are finally realizing it.
Well the bright side is that even after every bubble pops the market will beat its previous high. If someone had gone in and bought some index funds in 2008 after the crash, even some of the worst would have doubled your money plus
This chart, what is it?
I don't know whether this is an educated take or a tin foil take, but either way I think you should step back from your ledge. Bubbles happen, the market rebounds... take it in stride.
What point are you trying to make with this graph? The stock market is always two steps forward, one step back. No one pretends otherwise.
I've been playing around with Robinhood. Right now I'm in a few small bios.
Aurinia Pharmaceuticals (AUPH) is my favorite at the moment. Developing the first drug for Lupus Nephritis, and results have been positive. Plus the entry point right now is pretty cheap.
Get hired at Goldman Sachs. Get inside info. Short everything until banksters pull the rug out on the muppet slaves. Buy up the remains for pennies on the dollar then finance every side of every war at insane interest rates. Rinse, repeat.
via GIPHY
Getting hired at Goldman Sachs is excellent advice.
Also, putting mouse ears on Amanda Seyfried appears to be a good idea.
There's a mouse in here?
Depends what you are going for.
I do mostly bonds and index funds.
VTIAX, VFIAX, VFIFX, PTRIX and I don't plan on touching them for 30-40 years.
Plastics
Good movie.
https://www.whitecoatinvestor.com/
You're welcome.
I feel like Whit has VT going in the right direction, and the direction our sports program is a good long term bet and investment. I'm recommending doubling up on the TKPC, 10% to the Hokie Club, and putting the rest on the WVU game. After cashing out on that, put 25% in early bets in to win the coastal and get to the sweet 16 in BBall, and split the rest between individual games, non-revenue sports, commonwealth cup, etc, with about 5% in the "high risk" category of future natties.
Put half your money in hookers, blow and gambling. Then just waste the other half
If you are interested in mutual funds or index funds, I like Vanguard for investing. Easy to do and set up automatic investing in either a regular or IRA account.
I just went and checked Acorns out and it is a great idea however I would NEVER give any site my banking login information. That to me is insane and mostly because I work for Anthem who now owns the largest security breach in history. I backed out of that app as soon as they asked for that.
Not to mention most of the reviews said the first time they asked for money back they never got it.
When stocking make sure you are moving the older dates to the front.
Rotating stock should be done for all products, not just dates, but it is especially important with meat, dairy, and produce.
anyone know anything about bitcoin? a couple of my not so well off friends are pushing me to get into it. they claim they are making money. nothing world changing but enough to pull from and spend every couple months on a decent vacation and I know for a fact I could put more in than they are so if what they are telling me is true id be making more. like I said nothing tax bracket changing but for someone who doesn't know to much about the stock market and day trading I wouldn't mind making an extra 100-300 bucks a month to throw towards bills especially since my son is about to be getting braces here in over the summer lol.
I'm a financial idiot, but I would not trust it. It isn't backed by anything.
Its return to date has been phenomenal. Just make sure your virus protections are top notch so that it isn't stolen.
i currently have a mining rig working on various alternative coins that auto trade into bitcoin. At current prices, it's making about $4/day (having the price north of $2000 per BTc helps there). I'm scared to death of putting cash into it, but I'm also the idiot who sold a couple bitcoins I'd mined at $200 each a few years ago.
I have a friend who semi-early adopted at $50 and currently has about $50K in BTC and is convinced it has room to go up still.
Early adoption was the way to go.
People buying in now are just subsidizing those guys.
I remember when you could mine a bitcoin with just your CPU and I thought it was a stupid fad...
Is anyone currently in the forex market (and hopefully making consistent profit)? I've recently started to research it and am testing out a new strategy with some friends using demo accounts. As always there is a lot to learn, so does anyone know about any possible strategies, good reading material, etc?
Working on my Dave Ramsey plan right now. Currently on Baby Step 2...Right now I'm doing the investing through work, but I will ramp it up once i get debt free.
If I were you, I'd invest in:
- Grazing Index Funds. Not all that common, but a worthy place to put significant financial backing
- Barley Bonds. More common nowadays, and protected by nature from disruptive conditions
- Hay Stocks. Tend to give good returns, particularly around October
- Saddle Soap Real Estate. This one, I can tell you, is a comfortable investment in your future.
- Carrot Insurance. Inexpensive due to low risk - a must for any investor.
- Apple Certificates of Deposit. Sweet, tasty apples. I mean, certificates of deposit. That are worth it.
- Sugar Cube IRA. Just hand over the fucking sugar cubes, asshole.
Stay away from glue factories. Those stocks are really mired down.
i don't invest in anything i don't have at least some control over how my money makes money. so I never invest in stock, at least i wouldn't until i am warren buffet and can by the majority of them.
Lol all these answers are awesome btw!
I will confess you need to stack the bills evenly over the box spring under the mattress otherwise you can get lumps.
True dat.