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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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Demonpenz 12:19 PM 07-08-2016
The key is to live below your means. Let your money make money. Be patient.
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Hog's Gone Fishin 12:22 PM 07-08-2016
Originally Posted by Rain Man:
It seems like now's the time to double down. If you liked it at .0014 you'll like it better at .0011. Plus, they now own a new Playstation 3.
I liked it at .0019 ,but went to take a piss !
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Hog's Gone Fishin 12:26 PM 07-08-2016
I just put money (a week ago ) into HGICX which is a mutual fund . Has averaged around 9.5% for the last 10 years.
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stumppy 12:50 PM 07-08-2016
Originally Posted by Hog Farmer:
Just placed an order for 500,000 shares of ONCI at .0014. Gonna be rich !
Looks like the 52 week high was .0059 .

Hog Farmers makin it.

Cue the song "Movin on up"
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lewdog 12:58 PM 07-08-2016
I want to invest in Hog Farmers company. Bacon is always hot and likely a tradable community in world chaos.
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Hog's Gone Fishin 01:14 PM 07-08-2016
Originally Posted by lewdog:
I want to invest in Hog Farmers company. Bacon is always hot and likely a tradable community in world chaos.
Well, my company is not a publicly traded company but if you just want to send me a check that will be fine. anyway I bought some jerk an xbox and I need my money back.
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Rain Man 01:21 PM 07-08-2016
Originally Posted by Hog Farmer:
Well, my company is not a publicly traded company but if you just want to send me a check that will be fine. anyway I bought some jerk an xbox and I need my money back.
Yeah, but whoever bought it at .0059 bought him a European river cruise, so you're ahead of the game.

I just bought some KNX today. I guess trucking has been struggling a bit, but it seems to me that there's no permanent clouds on the horizon.

How's steel doing? Did you ever buy any? I pondered that for quite a while. I like industrial stocks for some reason.
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lewdog 02:21 PM 07-08-2016
Originally Posted by Rain Man:
Yeah, but whoever bought it at .0059 bought him a European river cruise, so you're ahead of the game.

I just bought some KNX today. I guess trucking has been struggling a bit, but it seems to me that there's no permanent clouds on the horizon.

How's steel doing? Did you ever buy any? I pondered that for quite a while. I like industrial stocks for some reason.
Who do you use to make your trades?
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lewdog 02:27 PM 07-08-2016
If there's one industry that's risky but also a bit recession proof, it's alcohol. Not a bad investment option to have in your portfolio.

Diageo (DEO) is a good company and owns many top selling brands of Alcohol. Their stock has always remained rather strong.

I just invested in a company called Willamette Valley Vineyards out of Oregon (WVVI). I like their company structure, family owned and has really taken off in the wine making business in the past few years.
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stumppy 02:40 PM 07-08-2016
Originally Posted by Hog Farmer:
Just placed an order for 500,000 shares of ONCI at .0014. Gonna be rich !
Don't look now
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Hog's Gone Fishin 03:22 PM 07-08-2016
Originally Posted by Rain Man:
Yeah, but whoever bought it at .0059 bought him a European river cruise, so you're ahead of the game.

I just bought some KNX today. I guess trucking has been struggling a bit, but it seems to me that there's no permanent clouds on the horizon.

How's steel doing? Did you ever buy any? I pondered that for quite a while. I like industrial stocks for some reason.

I looked the other day and (x) US Steel was at $17 I believe. When I was pondering I think it had gotten down to $8. I should have borrowed $8,000,000and jumped in. Would have made a cool 9 mil.
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notorious 06:43 PM 07-08-2016
What online trade sites do you guys use to buy/sell stock?
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CanadianChiefs 07:00 PM 07-08-2016
Originally Posted by notorious:
What online trade sites do you guys use to buy/sell stock?
Questrade

Also gonna pump but you guys should look up AMDA, I've been in it and tracking for a while. I'm underwater because delayed FDA last year, but the company just diluted and warrants and all that crap, but it's trading under the $1 warrant value with FDA looming within 30 days (finally). It's risky but its shown strong support after falling to a new bottom with literally all bad news out of the way. Unless FDA denies but that seems unlikely.

It likes to pop a ton (20-40%) and then lose its gains within a few weeks. Historically is has done this, so I suggest entering at .90 with a stop at .82 (which would be a new low). Sell on any pop.
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notorious 07:01 PM 07-08-2016
Why do you like Questrade?
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CanadianChiefs 07:01 PM 07-08-2016
Also, stock twits is a great resource, it's like twitter for stocks.

Be wary of shitty pumpers and bashers, but I really like it because there are solid people who post rumours, news, PR's immediately upon release, stuff like that.
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