|
|
Post by neader on Feb 1, 2018 8:59:56 GMT -6
Anyone else "play"?
Since I just got my first big boy job I decided to start. I did a virtual one through marketwatch which reflects real stock. My portfolio has increased 90% since March so I'm confident in my abilities to buy now.
I've been sticking to index funds (mainly S&P 500, play it safe) with my 401(k) but I think I'm going to buy Amazon later today.
|
|
|
|
Post by Tweet on Feb 1, 2018 9:01:28 GMT -6
Fuck outta here moneybags
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 1, 2018 9:06:06 GMT -6
i've seriously never cared about nor trusted that shit ever. then i got this job where stock options come with employment and everyone here is a retired old white ass suburban dude so all i EVER hear about is the market and i wanna fucking hang myself.
also i wouldn't invest even if i could (i do the bare minimum 401k risk shit)
beer bet that the market crashes by the end of this year when the tax cuts go full force on an already ballooning economy and then i have to hear everyone hear talk about how obama planned this all along.
|
|
|
|
Post by andrewvb on Feb 1, 2018 9:07:05 GMT -6
Anyone else "play"? Since I just got my first big boy job I decided to start. I did a virtual one through marketwatch which reflects real stock. My portfolio has increased 90% since March so I'm confident in my abilities to buy now.I've been sticking to index funds (mainly S&P 500, play it safe) with my 401(k) but I think I'm going to buy Amazon later today. this should go well |
|
|
|
Post by thebosma on Feb 1, 2018 9:07:53 GMT -6
Is your plan to never retire? This is a really confusing position to me.
|
|
|
|
Post by facts on Feb 1, 2018 9:09:10 GMT -6
Buying individual stocks while the market is at its all time high - what could go wrong?
|
|
|
|
Post by fancypants on Feb 1, 2018 9:09:17 GMT -6
Anyone else "play"? Since I just got my first big boy job I decided to start. I did a virtual one through marketwatch which reflects real stock. My portfolio has increased 90% since March so I'm confident in my abilities to buy now. I've been sticking to index funds (mainly S&P 500, play it safe) with my 401(k) but I think I'm going to buy Amazon later today. As long as you don't expect a 90% return every year. 2017 was a special year. I dabble mostly with ETFs because I don't have time to study up |
|
|
|
Post by Tweet on Feb 1, 2018 9:10:50 GMT -6
Buying individual stocks while the market is at its all time high - what could go wrong? I've been debating moving to Hooverville myself, personally |
|
|
|
Post by Kamera on Feb 1, 2018 9:10:52 GMT -6
Neader investing in those Snapchat stocks...
|
|
|
|
Post by neader on Feb 1, 2018 9:11:08 GMT -6
Anyone else "play"? Since I just got my first big boy job I decided to start. I did a virtual one through marketwatch which reflects real stock. My portfolio has increased 90% since March so I'm confident in my abilities to buy now. I've been sticking to index funds (mainly S&P 500, play it safe) with my 401(k) but I think I'm going to buy Amazon later today. As long as you don't expect a 90% return every year. 2017 was a special year. I dabble mostly with ETFs because I don't have time to study up Yeah no doubt |
|
|
|
Post by neader on Feb 1, 2018 9:11:54 GMT -6
Is your plan to never retire? This is a really confusing position to me. What? |
|
|
|
Post by thebosma on Feb 1, 2018 9:13:24 GMT -6
Sorry that was in regards to Wretched
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 1, 2018 9:19:09 GMT -6
Sorry that was in regards to Wretched i mean i take standard 401k, SS, etc. deducts in my paycheck and they match it. im not risking anything extra other than what i have to. also people that are eligible for retirement in 2017 arent even taking it because of money issues so im not hopeful for 2045 |
|
|
|
Post by concertgoer on Feb 1, 2018 9:21:06 GMT -6
At the rate thing are going we won’t be around in 2045 anyway.
|
|
|
|
Post by cardi bqtrain on Feb 1, 2018 9:23:44 GMT -6
I read an article that said that if you're in your 20s now and you retire with1 million dollars it'll be like you're retiring with 19k per year because of inflation
the advice in the cnbc article was "I guess you just need to save more money" so I guess just plan on retiring as a multi-millionaire
our society rules
|
|
|
|
Post by Pale Hose on Feb 1, 2018 9:31:46 GMT -6
Neader - Be careful, US equities are at all time highs and most agree the market is inflated. I would suggest dollar cost averaging if you want to start investing now. Index funds are great while the market is going up, but you take on full market risk should there be a pull back. I would look into developed international equities and emerging markets as well if I were you.
I hope everyone is taking full advantage of whatever match their employer offers through 401ks/403bs etc. If you're in your 20s or 30s or even early 40s you shouldn't be too concerned with market risk right now. If you're not sure how to invest in your retirement plan (or don't want to take the time to manage it yourself) target date funds are usually a decent option and pretty cheap as well.
|
|
|
|
Post by neader on Feb 1, 2018 9:35:50 GMT -6
Neader - Be careful, US equities are at all time highs and most agree the market is inflated. I would suggest dollar cost averaging if you want to start investing now. Index funds are great while the market is going up, but you take on full market risk should there be a pull back. I would look into developed international equities and emerging markets as well if I were you. I hope everyone is taking full advantage of whatever match their employer offers through 401ks/403bs etc. If you're in your 20s or 30s or even early 40s you shouldn't be too concerned with market risk right now. If you're not sure how to invest in your retirement plan (or don't want to take the time to manage it yourself) target date funds are usually a decent option and pretty cheap as well. No doubt. I'm not investing a large amount of my portfolio, still have 2/3rds of it in low risk and don't plan on changing that percentage anytime soon. I was contributing a good amount, well above what I needed to for my match, and an exec pulled me into his office, talked to me about it, and told me to double it. I really couldn't think of a good reason not to and I'm so happy I did. |
|
|
|
Post by c1916 on Feb 1, 2018 10:34:31 GMT -6
In case anyone gives a shit, I'm pretty close to trying to live off my investments, and yes, the past year has made all of that possible. I also day trade on a small account.
With the retirement funds, I'm invested very conservatively and I've been pulling money off the table and moving to reliable income-generating funds throughout the past couple of years.
With the day trading account, I'm 100% playing momentum. I couldn't care less what I'm investing in if the technical indicators suggest there is money (likely) to be made, that's all I care about. In/Out quickly, short well-defined stops.
|
|
|
|
Post by Xamnam on Feb 1, 2018 10:35:46 GMT -6
Just entering this thread has me anxious.
|
|
|
|
Post by andrewvb on Feb 1, 2018 10:37:58 GMT -6
im investing in xanax
|
|
|
|
Post by teekoh on Feb 1, 2018 10:40:26 GMT -6
I became eligible for a 401k through my job in October, but I haven't opted in yet. I'm fairly opposed to the stock market in principle, but I need to do some more research to see if there is an option that I feel comfortable with or that may be worth my time.
|
|
|
|
Post by thebosma on Feb 1, 2018 10:41:14 GMT -6
Y’all if your employer matches it’s literally free money
|
|
|
|
Post by facts on Feb 1, 2018 10:42:15 GMT -6
I'm thinking of getting into the EDM market.
|
|
|
|
Post by mookie on Feb 1, 2018 10:42:45 GMT -6
I became eligible for a 401k through my job in October, but I haven't opted in yet. I'm fairly opposed to the stock market in principle, but I need to do some more research to see if there is an option that I feel comfortable with or that may be worth my time. Like Pale Hose said, if your company offers any 401k match at all, at least put in to that max amount. You're basically passing up "free money" (yes, I know it's not really free, but whatever) at that point. I've had moderate risk investments through my 401k for over 20 years now, and it's built into a pretty nice amount. Nowhere near enough to retire any time soon at all, but good enough for now. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 1, 2018 10:42:49 GMT -6
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 1, 2018 10:44:24 GMT -6
Y’all if your employer matches it’s literally free money i dont think anyone here is saying they dont accept full employer matches. |
|
|
|
Post by thebosma on Feb 1, 2018 10:46:43 GMT -6
I know a lot of people IRL who don’t so I was just clarifying
|
|
|
|
Post by c1916 on Feb 1, 2018 10:47:11 GMT -6
I think I'm going to buy Amazon later today. May I suggest that you give it a couple of days on AMZN? Since they report earnings today after the close, if you buy during the day, you're essentially buying a lottery ticket. If the street likes what they hear, you're a huge winner in one day. If, however, they don't like what they hear, you could lose 10% overnight. While advising you to wait may cost you money (because you'll have to come in at a higher price if things go well tonight), it also means that you're buying with all information in hand (which you aren't doing if you actually buy during the day today). If you want to play AMZN going into earnings and think that they're going to report good numbers (which is what I happen to believe) and spike higher overnight you might consider options. For example, I bought 2/9/18 1450 Calls today (for $50.82) and sold 2/9/18 1455 Calls (for $48.53) against them. Essentially, I paid $2.29 for the right to collect up to $5.00 if AMZN jumps tonight. My losses are limited to $2.29, even if AMZN goes to $0 tonight. If I buy AMZN stock at $1435 today, and results are positive, I'd likely make more than $5.00, but if the results are negative, there's a good chance I'd lose more than $2.29. I'm more interested in nibbling around small numbers on a stock like this on earnings day. |
|
|
|
Post by andrewvb on Feb 1, 2018 10:51:08 GMT -6
I'm thinking of getting into the EDM market. i would buy into r&b now if i were u i'm investing in xanax tho. |
|
|
|
Post by c1916 on Feb 1, 2018 10:52:28 GMT -6
beer bet that the market crashes by the end of this year BTW...this bet is a pretty sure winner (if you define "crash" as a 20%+ correction). Personally, I'm looking forward to it. |
|
