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The Lounge>Personal finance and investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
I know lewdog (and maybe others) have mentioned the desire to have a place to chat about personal finance stuff. We'll see if there's enough interest to keep this going in the long-term, but at least for now, here's a place to chat about whatever personal finance topics come up.



If you're just getting started thinking about saving and don't know where to begin,
this flow chart can help. Ask for advice in the thread for more help!
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rydogg58 04:52 PM 07-01-2020
Originally Posted by patteeu:
We AMZN owners donít want to rub elbows with riff raff at shareholder meetings.
That's true. I have been in a discord chat group for stock trading for about a year now. It started off with a few hundred users and most of them were pretty smart. Once the coronavirus started shutting everything down and people got laid off back in February, it jumped to a few thousand. Most of the new guys had no clue what they were doing and bought and sold like it. It's my opinion that all those new traders that came in looking to get rich quick mostly lost their asses.
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patteeu 04:59 PM 07-01-2020
Originally Posted by rydogg58:
That's true. I have been in a discord chat group for stock trading for about a year now. It started off with a few hundred users and most of them were pretty smart. Once the coronavirus started shutting everything down and people got laid off back in February, it jumped to a few thousand. Most of the new guys had no clue what they were doing and bought and sold like it. It's my opinion that all those new traders that came in looking to get rich quick mostly lost their asses.
Full disclosure, if I were a trader in a discord group, Iíd be among the riff raff. :-)
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Demonpenz 05:36 PM 07-01-2020
I have lost on all my investments ever.
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Hog's Gone Fishin 05:50 PM 07-01-2020
Originally Posted by Demonpenz:
I have lost on all my investments ever.
Go with mutual funds. AKREX,HGICX, QQQE. Takes the worry away because some other jerk is managing your money but he gets paid for doing that.
[Reply]
Hog's Gone Fishin 05:52 PM 07-01-2020
Originally Posted by rydogg58:
I think it was Lewdog that talked about this a few pages back and it sort of made sense for me. You are essentially buying the stock for the same value no matter the price. And if someone is willing to buy Amazon for $2000 then they will buy it at $5000.
OK but I don't agree. If the stock is at 2500 and it goes to a 100/1 split it just makes sense people are going to bail in on Amazon at $25 /share and everybody that got the split gets to enjoy the ride back to 2500 times 100
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Rain Man 06:25 PM 07-01-2020
Originally Posted by Demonpenz:
I have lost on all my investments ever.
You should change your strategy to short selling.
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petegz28 06:38 PM 07-01-2020
Probably a little late in the year to do this but I went ahead and implemented the "Dogs of the Dow" strategy this morning. Of course all 10 stocks I bought went down.
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neech 07:38 PM 07-01-2020
Originally Posted by petegz28:
Probably a little late in the year to do this but I went ahead and implemented the "Dogs of the Dow" strategy this morning. Of course all 10 stocks I bought went down.
And that is why they are the dogs of the Dow.

I'm not quite sold on the strategy though I've talked to people who have done that.
[Reply]
petegz28 07:53 PM 07-01-2020
Originally Posted by neech:
And that is why they are the dogs of the Dow.

I'm not quite sold on the strategy though I've talked to people who have done that.
It's been rather proven. I think you have to let it play out to so the dividends can play a big part. I should have done it in January.
[Reply]
neech 05:59 AM Yesterday
Originally Posted by petegz28:
It's been rather proven. I think you have to let it play out to so the dividends can play a big part. I should have done it in January.
Yes I've seen some data on it, I guess it's just not for me is all.

Good luck with it though.
[Reply]
scho63 11:12 AM Yesterday
Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%

https://www.cnbc.com/2020/07/02/jobs...june-2020.html


I just love Lex Loser, Oaktard, Donger and Cosmo/RodeoShitHisPants2x's threads!

Whatever they say, do the opposite and you'll be fine! :-):-)


==================

May 7, 2020

Originally Posted by oaklandhater:
Opening up too fast/too early might make a bad situation worse. I don't expect to see an economic recovery for a very long time.
Originally Posted by scho63:
You will be very wrong once again. We will see a powerful "V" shaped recovery in spite of you and all the Dems hoping things stay shitty until the election.

[Reply]
philfree 11:21 AM Yesterday
DOCU is up another 9% today. TSLA is killin it as well.
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Hammock Parties 11:52 AM Yesterday
gnus popping

ride to 15 now, bitch!!!
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Hog's Gone Fishin 03:29 PM Yesterday
Originally Posted by philfree:
DOCU is up another 9% today. TSLA is killin it as well.
I went ahead and bought it on the open. 20 shares and am up 198 Bucks. Prepare for the crash now. It's what I do.
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