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 Post subject: Investments
 Post Posted: Fri Nov 17, 2017 12:44 pm 
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Where yall put your money other than the bank?

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 Post subject: Re: Investments
 Post Posted: Fri Nov 17, 2017 4:03 pm 
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Where yall put your money other than the bank?


You aint getting me with that question, lmao. :wagging-finger-no-no-smiley-emoticon:


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 Post subject: Re: Investments
 Post Posted: Fri Nov 17, 2017 5:08 pm 
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Where yall put your money other than the bank?


You aint getting me with that question, lmao. :wagging-finger-no-no-smiley-emoticon:


:pimp: :lol:

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 Post subject: Re: Investments
 Post Posted: Mon Nov 20, 2017 9:56 am 
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What you thinking about fucking with?


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 Post subject: Re: Investments
 Post Posted: Mon Nov 20, 2017 10:35 am 
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My mom is well connected to people with big money from her days working for the government (thats why Im so anti government, I know how these fucks move first hand lol), so she gonna put me in touch with some rich muthafuckaz and talk some shop. I was thinking a direct investment account with an institution. I dont want to be that motherfucker that sits back and pays a broker to do all the work, I wanna be more hands on. Also dont wanna put too much in right a way, a few G's here and there and increase the totals. I figure i spend so much time at the computer, why dont I go do some reading and make some money.

But hey, im sure many a broke muthafucka done did this before, so I'm gonna be straight careful with it.

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 Post subject: Re: Investments
 Post Posted: Mon Nov 20, 2017 10:56 am 
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My mom is well connected to people with big money from her days working for the government (thats why Im so anti government, I know how these fucks move first hand lol), so she gonna put me in touch with some rich muthafuckaz and talk some shop. I was thinking a direct investment account with an institution. I dont want to be that motherfucker that sits back and pays a broker to do all the work, I wanna be more hands on. Also dont wanna put too much in right a way, a few G's here and there and increase the totals. I figure i spend so much time at the computer, why dont I go do some reading and make some money.

But hey, im sure many a broke muthafucka done did this before, so I'm gonna be straight careful with it.



Yeah man, that's tough shit to deal with unless you really know what you are doing.


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 Post subject: Re: Investments
 Post Posted: Tue Nov 21, 2017 9:26 pm 
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Not that I'm fucking Scrooge McDuck over here, but I've made a decent chunk of change the past few years in mutual funds. It's hands off, which you don't seem interested in, but it is an easy way to make some bread without doing anything. I probably had 80% in mutual funds, and 20% to play around with. I tinkered with day trading penny stocks from time to time with pretty good success, but you have to make that your primary focus to support yourself, and I didn't have the time or desire to do such a thing. Day trading is also frowned upon if you're not a day trader (you get a quote of something like three day trades a week before they suspend your account, although there are loopholes if you want to make that your thing). I would swing trade more than day trade with that 20% of playing around money. I had less success doing that, but once again, it depends on the amount of effort you put into it. Stock market isn't really my thing.

I do have to say, though, I've recently took a majority of that money out of the market. In high school, right after the first dot com bubble, I put savings into a mutual fund (it was a few hundred dollars, not much), saw that go up to a few thousand, and then back down to less than I originally put in 2007 after that crash. So, I'm extra paranoid about it. There's a lot of all time highs on the market right now, which means there's no way to go but down. It might be a few months, it might be another year, but it's going to happen eventually, and I'm happy to do it a little early than too late again.

I still got about 30% in the market. I might tinker with putting put options and see if I can make some scratch betting against the market, which is easier said than done. In the meantime, 70% is out, and I have to try not to blow through it like an asshole.

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 Post subject: Re: Investments
 Post Posted: Tue Nov 21, 2017 10:21 pm 
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Fuck man, you're into everything :lol: . My uncle apparently made a killing on mutual funds and some other diverse investments and he's sitting on money, says my mom, which pisses me the fuck off because when his parents need fucking money, my mom tends to come to me....and then gives me excuses when I ask "what the fuck about their 6 fucking children" (greedy fucks man).

I wanna be more hands on as a hobby more than I do for the money, although it would be nice to multiply my money. I wouldnt mind the day trading thing too though, I have a sole proprietorship as an engineer right now so once my contract is up in July 2018, I could be out of work for a while. I mean, I could get another job easy, but I kind of want to fuck with a bit of a sabbatical...without having to be forced back to work due to needing a cheque. So it would be nice to do it for a short sustained period...with a good amount of change that wouldnt kill me to lose to see how feasible it is to rely on that and its return compared to what I'd make daily as an engineer. Start planning for that next phase of life, survey my life options.

Would have done it sooner, but was less of a risk taker, living too cheque to cheque and trying to tunnel vision on getting over the professional hump.

I've had success in the requisite business and mathematic material over my life to think that I might have an aptitude for this shit. Any other tips are welcome bruh!

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 Post subject: Re: Investments
 Post Posted: Wed Nov 22, 2017 12:28 am 
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Check out EatSleepProfit on YouTube. He gives the basics for a lot of what you'll want to do.

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 Post subject: Re: Investments
 Post Posted: Fri Nov 24, 2017 6:10 pm 
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First off, I could see you doing well with the stock market. You’ve struck me as the type that would do well with analyzing all this shit that needs to be analyzed. Gruber as well.

Mutual funds have done well by me. I have always maxed out each paycheck and my 401k and put my money in the most aggressive funds. Something like small cap aggressive growth American stocks. It adds up over time. Doesn’t sound like what you want as Gruber mentioned.

I would recommend checking out IBD - Investors business daily. It’s a newspaper or you can get the online subscription. When I was doing individual stocks, it was the best tool I found. When I bought the paper, back then, they also sent a easy book that detailed how to use the paper. It also features certain stocks that met fundamental criteria such as revenue growth and other financial stuff as well as the charts which basically were patterns that resulted in the daily fluctuations of stock price and the volume traded. Obviously, you want stocks with good financials, but, it was also important to look at the charts. You did not want a stock going down with high trading volume as that might indicate institutional investors like mutual funds were unloading stock. Visa versa not a bad thing to look at a stock going up with high trading volume.

I would just advise to not fall in love with a stock. Have some set in stone sell parameters. You may have picked the perfect stock but, it may drop like crazy if the market as a whole is going down.

My money goes into rental property as I have mentioned before. Buying a nice 3 bedroom 2 bath house is feasible in my area and the return is good. Get it paid off and it’s $850-$1000 coming in a month. There is shit that goes along with that, but something that is minimized by doing your homework up front on your tenants and being able to do any repairs yourself (most anyway).

I like property as I have way more control of the outcome. Stocks are dam good if you have the aptitude, do your homework, and don’t fall in love with your stock.


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 Post subject: Re: Investments
 Post Posted: Mon Nov 27, 2017 12:07 pm 
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Thanks for the vote of confidence Bonea. I've actually started work on putting together a cooperative of people I know and putting into properties. But thats a group thing so its a bit more tricky.

I'm not the type to be loyal to any stock. Treat it like a game of mario and just jump from platform to platform before they fall. Ill check IBD though for sure.

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