Stock Market, Business, and Investing General - News, Tips, etc

[Feline Darkmage]

Why don't we get a Stocks and Investments thread going? How have we never had this? This must be rectified immediately.

I like to keep an eye on these type of things every so often and own a small amount of stock that was gifted to me as a birthday present when I was a child. I plan on expanding my portfolio eventually.

Do you own any? Do you plan on buying any? Do you have questions on where to begin? Or maybe you're an expert and would like to school newbies? Then come on down and join me in this thread!

And Yes, Cryptocurrency sperging is allowed here too, that shit is it's own market and investment. I predict it getting more important sooner rather than later, with Japan recently making it an official legal tender.

This is all of the top of my head but
Possible Sources of News:
http://finance.yahoo.com
http://www.foxbusiness.com/
https://www.bloomberg.com/
http://www.aljazeera.com/topics/categories/business.html
http://www.businessinsider.com/
https://www.forbes.com/investing/#72709edb10ba
https://www.forbes.com/business/#3750bc2c535f
http://www.nasdaq.com/news/
http://www.marketwatch.com/
http://money.cnn.com/data/markets/
http://www.cnbc.com/
http://wallstreetalerts.org/
https://www.reddit.com/r/wallstreetbets/
https://www.reddit.com/r/investing/
http://www.bbc.com/news/business/market_data/stockmarket/default.stm
http://www.blogtalkradio.com/ghost
https://bitconnect.co/
http://www.zerohedge.com/

 

[GS 281]

As for basics, research is very important. If you want to do it on your own and you want to do it well, I'd suggest focusing on one industry and learning all you can on that industry. At the same time, it is important to learn how to read and analyze financial statements. There are very basic ratios which people use as indicators of the health of a business and there are firms which specialize on determining risk of the economy, specific industries, firms, etc. Select one or two and learn how they measure it. Once you have a strong understanding of an industry, how to read financial statements, ratios and how to do some financial quantitative analysis, then start dipping a toe into the pool.

At the beginning, play it safe, you're learning. You will start to pick up on what works and what doesn't. Eventually, you will have a specialized knowledge of your industry and this will give you an edge. This is when risk becomes your friend because you will know which risks would be sound to take and which will cost others a great deal.

 

[neverendingmidi]

Go to a roulette table at an Indian casino. Same odds really.

 

[Lackadaisy]

Go to a roulette table at an Indian casino. Same odds really.

And there, you're supporting pwecious POC instead of corporate fatcats.

 

[CWCchange]

Buy gold.

 

[The Great Chandler]

 

[Trombonista]

http://www.economist.com/
https://www.ft.com/

 

[Lackadaisy]

Buy gold.

Bury it in strategic locations around your local area. Just don't forget where, like I did.

 

[RI 360]

Invest in diapers as infancy of Trump's presidency hints everyone will be consistently shitting themselves the whole eight year duration.

 

[Super Collie]

The other day I was kicking around the idea of investing, and @Feline Darkmage I'd like your input on this. I thought about the concept of investing $100 in a company's penny stocks, that way even if they go from $0.02 to $0.04 I'll literally have doubled my money. The math checks out, but I feel like I am missing something extremely obvious that would make this a bad idea.

 

[Feline Darkmage]

This twitter just followed my account. I followed back and I highly recommend it.
https://tw.tinf.io/RealTimeCrypto

 

[millais]

do like says and buy Brent crude ETFs

 

[TheJabroni]

The other day I was kicking around the idea of investing, and @Feline Darkmage I'd like your input on this. I thought about the concept of investing $100 in a company's penny stocks, that way even if they go from $0.02 to $0.04 I'll literally have doubled my money. The math checks out, but I feel like I am missing something extremely obvious that would make this a bad idea.

Careful with penny stocks, since you also stand to lose as fast as you gain. The investors at my school used to sell them to suckers as they said, but the advice I always hear peddled is to play conservatively at all times.

 

[dunbrine47]

I'm thinking about doing some investing, but I'm not sure if I should have done it last year before the constant dow jones record breaks.

 

[ColtWalker1847]

I'm thinking about doing some investing, but I'm not sure if I should have done it last year before the constant dow jones record breaks.

If you are investing long-term this does not matter. You put your money in and you leave it alone. What the market does day-to-day matters about as much as last night's powerball numbers.

If you aren't and are looking for a short-term score. Lol, good luck. Don't bet the farm.

 

[TerminalTryHard]

So recently I was informed that there is a chance society won't decend into a mad Max style watseland within the next ten years. And this got me thinking about my future financial health.

So has anyone else started investing or saving up for the future? Does anyone have any experiences or lessons they'd like to share?

 

[oldTireWater]

Don't day trade unless you're already rich and unemployed.

 

[Some Manajerk]

Start a savings account, and then set specific goals for how much you put in there. once you reach a certain amount, that amount then becomes your new baseline and it doesn't drop below that unless its a dire emergency. And as someone told me, always pay yourself first. don't wait until your next paycheck and just put whatever is left in there. as soon as you get paid put money in there, so you're budgeting to save instead of doing it haphazardly.

 

[Shaved Kiwis]

The only reason you won't get a Mad Max style dystopian future is because the Google AI will become self aware and start nuking motherfuckers.

 

[Lackadaisy]

I put 25% of my pay check into a savings account, but it's just kinda sitting there.