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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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R8RFAN 08:57 AM 06-30-2016
Originally Posted by mikeyis4dcats.:
Math is hard mmkay
Being a dickhead is easy though right?
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mikeyis4dcats. 09:01 AM 06-30-2016
Originally Posted by R8RFAN:
Being a dickhead is easy though right?
:-)
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Rain Man 03:20 PM 06-30-2016
I hope everyone went on a stock buying spree during the two-day Brexit stock collapse. It's now back pretty much where it was before the vote.

I was really pleased to have Hershey stock today. I sold most of it and kept my profits invested. It almost makes up for my terrible timing in buying Editas stock last week. I broke one of my cardinal rules to buy Editas and it's burning me. I typically never buy a stock that doesn't pay a dividend.
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DaFace 03:38 PM 06-30-2016
This is a long shot, but has anyone done the Teacher Loan Forgiveness program recently? My wife applied for it about a month ago, and I don't see any reason she won't be approved, but we're just curious roughly how long the process normally takes.
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LoneWolf 08:07 PM 06-30-2016
Originally Posted by DaFace:
This is a long shot, but has anyone done the Teacher Loan Forgiveness program recently? My wife applied for it about a month ago, and I don't see any reason she won't be approved, but we're just curious roughly how long the process normally takes.
Why do teachers deserve to have their student loans forgiven?
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DaFace 08:11 PM 06-30-2016
Originally Posted by LoneWolf:
Why do teachers deserve to have their student loans forgiven?
In my wife's case, she wouldn't have become a teacher without it, and she's in a field where there literally aren't enough teachers to fill classrooms (special ed).
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Buehler445 10:33 PM 06-30-2016
Originally Posted by DaFace:
This is a long shot, but has anyone done the Teacher Loan Forgiveness program recently? My wife applied for it about a month ago, and I don't see any reason she won't be approved, but we're just curious roughly how long the process normally takes.
No. But good luck.
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lewdog 09:49 PM 07-07-2016
The markets got sooooooo scary for a few days.

Like so scared and stuff.
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Hog's Gone Fishin 05:44 AM 07-08-2016
Just placed an order for 500,000 shares of ONCI at .0014. Gonna be rich !
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Rain Man 10:19 AM 07-08-2016
Originally Posted by Hog Farmer:
Just placed an order for 500,000 shares of ONCI at .0014. Gonna be rich !

It's a publicly traded company with $130,000 in annual revenues and two employees? Good luck with that.

I once had some extra office space and leased it to a shyster. I didn't know he was a shyster, but he was a terrible human being. He was the president of a publicly traded penny stock company, and it literally didn't exist. No products, no employees, nothing except one rented office that he was always late on paying and one piece of stolen equipment that we had to return to the manufacturer after we finally got rid of him. After seeing that, I would never put a penny into a penny stock.

But hey, good luck with yours. I hope it's real and that it takes off.
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eDave 10:20 AM 07-08-2016
Originally Posted by Rain Man:
It's a publicly traded company with $130,000 in annual revenues and two employees? Good luck with that.

I once had some extra office space and leased it to a shyster. I didn't know he was a shyster, but he was a terrible human being. He was the president of a publicly traded penny stock company, and it literally didn't exist. No products, no employees, nothing except one rented office that he was always late on paying and one piece of stolen equipment that we had to return to the manufacturer after we finally got rid of him. After seeing that, I would never put a penny into a penny stock.

But hey, good luck with yours. I hope it's real and that it takes off.
Hog Farmer is about to be $2 richer and you are going to look like a fool.

:-)
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Rain Man 10:40 AM 07-08-2016
Originally Posted by eDave:
Hog Farmer is about to be $2 richer and you are going to look like a fool.

:-)
If it's anything like the company I saw, I bet the president of that company is using hogfarmer's angel infusion to buy a Playstation 3.
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lewdog 10:48 AM 07-08-2016
I recently starting using an app called Stocks Tracker on my Iphone. You can track any stock buy looking up their symbol or add it to a list for easy finding. You can even put in all your investments, including cash, and track the gains/losses of your portfolio in real time. Click on any stock to see it's monthly/yearly gains/losses in chart form with 52 week highs/lows as well. It's pretty handy and this is just the free version. Pay $10 to get the "full" version, but so far the free app seems plenty good.

Meanwhile the Dow is currently 200+ today.
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Hog's Gone Fishin 12:11 PM 07-08-2016
Originally Posted by Rain Man:
If it's anything like the company I saw, I bet the president of that company is using hogfarmer's angel infusion to buy a Playstation 3.
Damn, It went from .oo14 to .0019 and now it's at .0011. :-)

I'm very very consistent in my stock purchases though. If you will follow me and do EXACTLY the opposite of what I do , you will become very wealthy.
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Rain Man 12:16 PM 07-08-2016
Originally Posted by Hog Farmer:
Damn, It went from .oo14 to .0019 and now it's at .0011. :-)

I'm very very consistent in my stock purchases though. If you will follow me and do EXACTLY the opposite of what I do , you will become very wealthy.

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.
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