TranceAddict Forums (www.tranceaddict.com/forums)
- Political Discussion / Debate
-- Investing in the Stock Market
Pages (7): [1] 2 3 4 5 6 7 »

Investing in the Stock Market

You know I just thought it would be a good idea to start a thread wher we talk about picking stocks or if your a sissy then youd most likely pick a mutual fund and if you are even more than a sissy then you probably picked the index fund. You pansy.

So I am playing the stock game and I am using Vanguard and I took my three thousand dollars and invested them into companies. Anyways I was down to 1200 and now I am at 2875 my highest was at 4500. I put my money into Chevron and BP and I also put it in safe companies which will still grow like MSFT, Wlmrt and McD's. I also put some into defense contractors like Raytheon and they are doing good. So I am on the rise I expect by next couple of weeks to be in a good position where I have evened out.

So what companies seem like a good investment for you?

I invest in Forex.

What Forex does in one week is what Stock Market does in three weeks.

Buy AUD at dips and sell Euro this week.

we'll see who's a pansy when you're paying taxes on your whopping 4% capital gains every year while i retire with almost a $bigillion in my Roth.

sincerely though, i hope you're luckier than 3 or 4%. if you don't do enough homework you'll need all the luck you can get.

jim cramer says invest in individual companies and that's working great for me.

forex ftw! don't do it by yourself unless you know what you're doing though...

quote:

Originally posted by Q5echo we'll see who's a pansy when you're paying taxes on your whopping 4% capital gains every year while i retire with almost a $bigillion in my Roth. sincerely though, i hope you're luckier than 3 or 4%. if you don't do enough homework you'll need all the luck you can get.

Well I just meant how do you know you're not the next Warren Buffet if you don't give yourself a try to invest on your own rather then put all the money in an index fund. On an other note how much money do you have since you put your mola in the fund?

quote:

Originally posted by metalgearsolid On an other note how much money do you have since you put your mola in the fund?[/color]

since the middle of 2001 i've contributed an average 6% of my base pay every year. the last statement i saw in december was 11.4% return. (2001 and 2002 really brought my average down across the last 4yrs.)

mind you this is whats called a TSP for Federal empoyees. not a Roth yet. i'll prolly take some penalties when and if i convert this year.

but to sort of answer your question, before i got out of the Navy and getting divorced i was thinking about taking a huge hit and buying one of these cash.


the S model not the base model

property > stock market.

quote:

Originally posted by pkcRAISTLIN property > stock market.

wish i had that kind of capital. i'm just a working stiff

you think it's wise to get into the real estate market now? i really don't know other than what i've read and heard.

real estate SUCKS right now. anyone who knows anything knows that at the moment.

quote:

Originally posted by pkcRAISTLIN property > stock market.

Depends where you get it. Like my current house my parents bought it for 300000 and now its worth more than 700000. But they also bought two apartment buildings and a house in a crappy neighborhood. The value hasn't risen. They also have a house in San Francisco when they bought it in the 60's was for 30000 and now its worth over 600000. So some of it is good you just have to be smart about it and unfortuanelty for my parents they havent exactly made the right choices that I would have. But its good I am reading books on real estate and I know I won't make the mistakes they did and instead of having 2.5mil worth of property I hope on having well over 5mil after time. Cuz you know the Chicago Suburbs are bound to expand and their is still some towns with cheap houses and taxes and I know in 20-30 yrs they will be having the boom my town is experiancing.

quote:

Originally posted by Q5echo wish i had that kind of capital. i'm just a working stiff you think it's wise to get into the real estate market now? i really don't know other than what i've read and heard.

quote:

Originally posted by Lepanto real estate SUCKS right now. anyone who knows anything knows that at the moment

look, im just a casual investor and i wouldnt ever claim to be an expert on either. theres also the fact that american & aussie markets are very different, and i have absolutely zero experience in the US.

however, from my experience over here- housing prices are going up faster than someone (im on an average salary) can afford to save. in my local area, house prices have doubled (on average) every 9 years since 1972. the thing with property that makes it better than stock market is that youre actually buying something; rather than a promise. if things go bad you can always offload houses. but more importantly- **people always need somewhere to live**. if there is a property market crash you still have those bricks and mortar. and if there is a crash theres a good opportunity to leverage the equity you have into buying more property at post-crash prices

you buy an average house, rent it out for ten years; and even if that house hasnt gone up in value at all, youve got 10 years worth of equity built into it that you have contributed very little from your own pocket.

i just bought a unit for around $160K (AU) and with people renting its costing me only $50/week (and this is before you factor in tax concessions) which is nothing to me.

just be smart and buy somewhere that people will be happy to live and youre laughing imo, esp if you have a decent salary backing you up and can afford several loans. as each property's equity increases you can afford to borrow more money.

again, this is just my experience, i dont know all the ins and outs. but i know as soon as i can afford to borrow some more, ill be buying more property for sure. using this mantra my best friend has become a millionaire (on paper) in about 6 years.

there's two sides to every business decision as in everything else. yes there are places in the US where u can make money with real estate, but that's usually in neighborhood development places. right now if you buy anything in NYC you will only lose.

^^^NYC is ridiculous its why they aren't number one or two with millionaires. Their really isn't much room for money opportunity as here. But really what you do with real estate is buy low and rent it out so it can pay off your monthly mortgage and then once is all paid off you live off that money and I know that sounds like a bad idea but the point is too buy the home while its cheap and in a neighborhood that has the potential to grow and developd. Basically you don't want to take a huge loan out cuz then for the next thirty yrs you going to be paying a lot of money to the bank like three times what you take out. But ANYTHING beats leaving your money in the bank because you not only lose money a year but the bank will make money off your money and thats no good. And wait WHAT?! Buying property in Austrailia is as a bad idea as investing in Somalia. While I have nothing against the Aussies I just do not like what I see thier. IF you want to property thats like close to the beach and it beautiful and the living expenses low then try latin america. Their is still a lot of property growth their. Like Puerto Vallarta has reached the point where coastal property costs around 400 000 for a condominuim. While that is not worth buying it is worth taking note of the next PV.

What are you kidding me do you even know what you're talking about lol?

Yes their isn't a lot of millionaires in NYC as in cook county or LA county or ORange county. I think its a fact. Besides I do know some of what I Am talking I own two properties so far.

Or am I doing it all wrong Lepanto?

Maybe because NYC isn't a suburb . btw, you're also comparing LA county to a city, how does that make sense?. and yes there are alot. there actors, directors, musicians, producers, hello it's the city it's both artistic and sophisticated and you've obviously never been here lol. and the whether it has "millionaires" or not has much to do with the fact that you cannot buy a nice place in the city for under a mil nor is there a millionaires mile here...

See hear it shows again that people in the NYC area are a bunch of asses. Look NYC boy you can't get shit for a mil in NYC no I haven't been there nor would I want to invest money there because there is too many people and the property and space is not enough to make good investments. Maybe in the short run it will be good but give it twenty years and NYC will be in trouble anad the reason I am ranting is just to make myself seem dumber than I actually am ...anyways it doesn't matter I am earning serious cash for a twenty year old.



SO BEAT THAT LEPANTO BEAT THAT!!!!!

quote:

Originally posted by metalgearsolid Buying property in Austrailia is as a bad idea as investing in Somalia. While I have nothing against the Aussies I just do not like what I see thier. IF you want to property thats like close to the beach and it beautiful and the living expenses low then try latin america.

um, what exactly do you base that on? australia just had a massive real estate boom, and lots of people (like my mate) made an absolute killing. like i said, people always need somewhere to live and buying property & getting other people to pay the majority of your mortgage is the way to go imo.

Sure man sure.

quote:

Originally posted by metalgearsolid Sure man sure.

yet another top-quality contribution by you

quote:

Originally posted by pkcRAISTLIN yet another top-quality contribution by you

Come again? I was noting of what wise advice you had. Thats real good buy a home then sell it so the buyers can pay your mortgage? Thats real good idea seeing as to how money would you have to sell that home to pay off the mortgage? HMMM do you know? Do you know that taking out a loan from a bank they want like three times of what you took back from you? Did you want me to actually believe what you said was any good? BUYING A HOME REQUIRES TIME JUST AS MUCH AS A MUTUAL FUND AND THE WAY THE MARKET IS FOR HOMES THEIR WILL MOST LIKELY BE A BUST. So why buy a home now when after the bust the homes will cost less. I mean things might be different in Austrialia but hey thats cool I don't believe you could make any real money of the stock market their. Just how high did it close today?

quote:

Originally posted by metalgearsolid See hear it shows again that people in the NYC area are a bunch of asses. Look NYC boy you can't get shit for a mil in NYC no I haven't been there nor would I want to invest money there because there is too many people and the property and space is not enough to make good investments. Maybe in the short run it will be good but give it twenty years and NYC will be in trouble anad the reason I am ranting is just to make myself seem dumber than I actually am ...anyways it doesn't matter I am earning serious cash for a twenty year old. SO BEAT THAT LEPANTO BEAT THAT!!!!!

yeah im sure you can't get shit for a mil. since NYC is one of the most expensive cities in the world...oh wait there are plenty more that beat them to that and no you have NEVER been here since you know nothing about Queens, Brooklyn and specially Staten Island all of which have alooooooooot of millionaire 'hoods.

quote:

Originally posted by metalgearsolid Come again? I was noting of what wise advice you had. Thats real good buy a home then sell it so the buyers can pay your mortgage? Thats real good idea seeing as to how money would you have to sell that home to pay off the mortgage? HMMM do you know? Do you know that taking out a loan from a bank they want like three times of what you took back from you? Did you want me to actually believe what you said was any good? BUYING A HOME REQUIRES TIME JUST AS MUCH AS A MUTUAL FUND AND THE WAY THE MARKET IS FOR HOMES THEIR WILL MOST LIKELY BE A BUST. So why buy a home now when after the bust the homes will cost less.

i will make this as simple as i fvcking can you absolute fvcking moron. you obviously have no idea what youre talking about, and your less than average grammar shows you have little education, so how about you listen to other people that actually have some experience?

you buy house.

you put tenants in.

tenants pay your mortgage (or majority of).

people *always* need somewhere to live.

house prices *always* go up- if you look over a long period of time. there isnt a house in the civilised world that is cheaper today than it was 20 years ago.

yes, there are market crashes, however as long as you can afford to service the loan, it wont matter in the long run.

now, over the time period, be it 10 or 20 years, the principle of your loan goes down, whilst the value of your property goes up. remember that you are putting in little of your own money. and unlike stocks, youre actually buying something that will always be worth something.

there are tons of tax concessions you can use in the property market.

its that simple. if you buy smart & dont over-extend yourself its a really easy way to make retirement more appealing. thus, my friend owes the banks $2M, yet his property is worth $3.5M or so.

now, quit parading your obvious ignorance and perhaps you might learn something. fvcking child

quote:

Originally posted by pkcRAISTLIN i will make this as simple as i fvcking can you absolute fvcking moron. you obviously have no idea what youre talking about, and your less than average grammar shows you have little education, so how about you listen to other people that actually have some experience? you buy house. you put tenants in. tenants pay your mortgage (or majority of). people *always* need somewhere to live. house prices *always* go up- if you look over a long period of time. there isnt a house in the civilised world that is cheaper today than it was 20 years ago. yes, there are market crashes, however as long as you can afford to service the loan, it wont matter in the long run. now, over the time period, be it 10 or 20 years, the principle of your loan goes down, whilst the value of your property goes up. remember that you are putting in little of your own money. and unlike stocks, youre actually buying something that will always be worth something. there are tons of tax concessions you can use in the property market. its that simple. if you buy smart & dont over-extend yourself its a really easy way to make retirement more appealing. thus, my friend owes the banks $2M, yet his property is worth $3.5M or so. now, quit parading your obvious ignorance and perhaps you might learn something. fvcking child

You did not say that at first which was what I was trying to help you you poor bastard. And I have little education? Good man good I don't need to have a good education to have be richer than a fucking fuck like you.

Powered by: vBulletin
Copyright © 2000-2021, Jelsoft Enterprises Ltd.