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I'm rich! BECOMES Thread about stocks

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    misbehavinmisbehavin Registered User regular
    edited September 2007
    Fucking A, the stock is up another $1.50, and it's only been trading for 20 min.

    I'm tempted to re-buy.

    EDIT: Also, this thread is NOW about buying/selling stocks, and other financial-type stuff, and no longer about my money.

    misbehavin on
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    SporkAndrewSporkAndrew Registered User, ClubPA regular
    edited September 2007
    On the hand, I wonder how irritating it gets being asked "Hey dude buy me shit" all the time after coming into money.

    On the other hand, I feel like bragging about how much money one now has is somewhat inviting it.

    There isn't really any other response.

    "Hey man, I'm rich"
    "Oh, cool."

    "Hey man, I'm rich"
    "You see this taco?"

    "Hey man, I'm rich"
    "Oh, let's look at catalogues so you can buy stuff for yourself whilst I sit here wallowing in squallor. That's a neat end-table, you should get that."

    SporkAndrew on
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    Frosted ButtsFrosted Butts Registered User regular
    edited September 2007
    On the hand, I wonder how irritating it gets being asked "Hey dude buy me shit" all the time after coming into money.

    On the other hand, I feel like bragging about how much money one now has is somewhat inviting it.

    It's fun to tell those people looking for a hand-out to get a job and stop their bitching.

    Frosted Butts on
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    StaleStale Registered User regular
    edited September 2007
    misbehavin wrote: »
    TO: Everyone who told me to sell

    The stock, in pre-market trading, it up $0.87.

    If the stock soars another $3.00, I will be somewhat disappointed. Fortunately, I didn't sell all of the stock.

    which is why you only sold half

    you aren't foolish.


    The wise choice in the long run, is still, regardless of inflation, to have sold yesterday.

    Stale on
    easysig2.jpg
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    misbehavinmisbehavin Registered User regular
    edited September 2007
    Stale wrote: »
    misbehavin wrote: »
    TO: Everyone who told me to sell

    The stock, in pre-market trading, it up $0.87.

    If the stock soars another $3.00, I will be somewhat disappointed. Fortunately, I didn't sell all of the stock.

    which is why you only sold half

    you aren't foolish.


    The wise choice in the long run, is still, regardless of inflation, to have sold yesterday.

    You are probably correct. Although it is inevitable that a jump after a sell brings on some semblance of sellers regret. I can't help it, I'm only human.

    misbehavin on
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    MonkeybombMonkeybomb Registered User regular
    edited September 2007
    man I wish I had the balls or knowledge to buy this high risk small cap stuff and wait for it to tank or double

    I've got some money in a money market right now and I'd sure like to be earning 100% on that instead of 5.3%

    Monkeybomb on
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    StaleStale Registered User regular
    edited September 2007
    misbehavin wrote: »
    Stale wrote: »
    misbehavin wrote: »
    TO: Everyone who told me to sell

    The stock, in pre-market trading, it up $0.87.

    If the stock soars another $3.00, I will be somewhat disappointed. Fortunately, I didn't sell all of the stock.

    which is why you only sold half

    you aren't foolish.


    The wise choice in the long run, is still, regardless of inflation, to have sold yesterday.

    You are probably correct. Although it is inevitable that a jump after a sell brings on some semblance of sellers regret. I can't help it, I'm only human.



    You LOST no money. not a penny.


    You DOUBLED your initial investment, and it will still be rising in the immediate future. History says it will start to fall back at that point. I don't even know what stock you're dealing with, but I can pretty confidently say over the next 2 days, you'll see gains. Once it crests, I'd sell the remaining, roll the profits back into your blue chips, and re-invest the intial capital.



    YOU ARE BETTER OFF HAVING DONE WHAT YOU DID

    REST EASY

    Stale on
    easysig2.jpg
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    DakalDakal Registered User regular
    edited September 2007
    At least you made money!

    I had 40 shares in BCE, and when BCE split into Nortel and BCE, I had 40 in each. Then Nortel Soared while I was in highschool, and I had no Idea I had these stocks. In grade 12 I had $47000 in Nortel Stocks, and then it plummeted. I found this all out last year when I got a notice in the mail stating I needed to update my contact information.

    I wish my parents hadn't forgot about my stocks... It could have paid for my university.

    Dakal on
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    NogsNogs Crap, crap, mega crap. Crap, crap, mega crap.Registered User regular
    edited September 2007
    Stale - Czar of Economics.

    Nogs on
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    ShurakaiShurakai Registered User regular
    edited September 2007
    The thotmarket helped me understand things like shares and dividends.

    I know the real stock market doesn't make everyone rich like thotmarket tends too over time (or because I got on a certain bandwagon quickly, 3 days), but its a really good advertisement for investing.

    Shurakai on
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    FaricazyFaricazy Registered User regular
    edited September 2007
    when we did mock investment in high school economics

    my friend bought 10,000 dollars (our alloted investment) of 4 cent stock.

    After a week it jumped to twenty five cents.

    Faricazy on
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    necroSYSnecroSYS Registered User, ClubPA regular
    edited September 2007
    Monkeybomb wrote: »
    man I wish I had the balls or knowledge to buy this high risk small cap stuff and wait for it to tank or double

    I've got some money in a money market right now and I'd sure like to be earning 100% on that instead of 5.3%

    I'm invested strictly in Large- and Mid-caps and I'm still making 15%. Basically, you have to be dead and or ridiculous not to be making above 10% in the market this year.

    necroSYS on
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    StaleStale Registered User regular
    edited September 2007
    Faricazy wrote: »
    when we did mock investment in high school economics

    my friend bought 10,000 dollars (our alloted investment) of 4 cent stock.

    After a week it jumped to twenty five cents.

    We did ours in HS with $5000

    By the end of the semester, my portfolio was worth $93,000

    Stale on
    easysig2.jpg
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    FaricazyFaricazy Registered User regular
    edited September 2007
    Stale wrote: »
    Faricazy wrote: »
    when we did mock investment in high school economics

    my friend bought 10,000 dollars (our alloted investment) of 4 cent stock.

    After a week it jumped to twenty five cents.

    We did ours in HS with $5000

    By the end of the semester, my portfolio was worth $93,000
    i was happy to have lost only two grand

    hooray

    -.-

    Faricazy on
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    StaleStale Registered User regular
    edited September 2007
    Faricazy wrote: »
    Stale wrote: »
    Faricazy wrote: »
    when we did mock investment in high school economics

    my friend bought 10,000 dollars (our alloted investment) of 4 cent stock.

    After a week it jumped to twenty five cents.

    We did ours in HS with $5000

    By the end of the semester, my portfolio was worth $93,000
    i was happy to have lost only two grand

    hooray

    -.-

    during the dot com surge

    I outearned everyone else in the class by an order of magnitudes.

    Stale on
    easysig2.jpg
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    NogsNogs Crap, crap, mega crap. Crap, crap, mega crap.Registered User regular
    edited September 2007
    ive never taken an economics class or business class in my life. i don't have one fucking clue about the stock market. stale, will you be my mentor?

    Nogs on
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    WeretacoWeretaco Cubicle Gangster Registered User regular
    edited September 2007
    My work makes my retirement investing easy. I don't know how it works for you guys in the US, but up here we do Registered Retirement Savings Plans. Basically how it works is you can take up to a certain percentage of your gross income/year and put it in a registered investment. This money is 100% deducted from your gross income for that year and can make all the money you want on it while you grow older. You then only get taxed on it when you withdraw funds each year after retirement. My work does an RRSP matching plan where they match any of my contributions 25% (which is pretty fuckawesome of them). Apparently as of last year they now have to be more responsible about educating us on investing though so we moved to a large single company for managing our stuff. They just get you to fill out a survey and based on your responses (stuff like age, and other info) they give you a certain score. that score puts you in 1 of 10 groups to invest in.

    Essentially you are investing in a fund of funds (somethign new in canada and not previously allowed). So.. as a 26 year old they recommend a 70/30 split between medium-high risk stocks and long term low risk stuff like GICs/bonds and such. I just pick my bucket to toss the moneys in, tell them how much I want to put in each pay period.. and it all gets taken care of. The nice thing is.. since the company employs a pile of fund managers, if any manager is not performing well enough they get canned and replaced and I never have to deal with any of it.

    Weretaco on
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    StaleStale Registered User regular
    edited September 2007
    Nogs wrote: »
    ive never taken an economics class or business class in my life. i don't have one fucking clue about the stock market. stale, will you be my mentor?

    first piece of advice:

    if you are ever in a situation where you look in your bank account and hear crickets.... don't invest a dime. Never invest money that you can't lose the next day and be perfectly ok with it.


    second piece:

    mutual funds are great for money you don't plan on laying eyes on for 30 years. Otherwise, avoid them, your money can be better utuilized elsewhere.


    third piece:

    Don't ever listen to a god damn word anybody says to you unless you have hired them, and they have a bunch of letters after their name and they drive a nice german auto. This includes me.

    Stale on
    easysig2.jpg
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    DakalDakal Registered User regular
    edited September 2007
    so.. "here's some advice, but don't listen to me because you aren't paying me"

    Dakal on
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    StaleStale Registered User regular
    edited September 2007
    Dakal wrote: »
    so.. "here's some advice, but don't listen to me because you aren't paying me"


    no

    Here's some advice: "Don't seriously listen to anyone who isn't a paid professional. Don't make any financial decisions from anyone who doesn't have the backing to stand behind them."

    Stale on
    easysig2.jpg
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    precisionkprecisionk Registered User regular
    edited September 2007
    RUB DA CHILI ON MY NUTZ

    precisionk on
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    MonkeybombMonkeybomb Registered User regular
    edited September 2007
    necroSYS wrote: »
    Monkeybomb wrote: »
    man I wish I had the balls or knowledge to buy this high risk small cap stuff and wait for it to tank or double

    I've got some money in a money market right now and I'd sure like to be earning 100% on that instead of 5.3%

    I'm invested strictly in Large- and Mid-caps and I'm still making 15%. Basically, you have to be dead and or ridiculous not to be making above 10% in the market this year.

    That's the problem. Aside from my Roth IRA I'm not really in the market.

    Monkeybomb on
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    monkeysig-1.jpg
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    RedTideRedTide Registered User regular
    edited September 2007
    I just spent about a grand in Atlantic City over the course of two days. I apparently don't always make good decisions.

    RedTide on
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    [Deleted User][Deleted User] new member
    edited September 2007
    The user and all related content has been deleted.

    [Deleted User] on
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    DakalDakal Registered User regular
    edited September 2007
    Gotcha Stale.

    You seem like the kind of guy who has all those letters behind his name.

    Dakal on
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    StaleStale Registered User regular
    edited September 2007
    Dakal wrote: »
    Gotcha Stale.

    You seem like the kind of guy who has all those letters behind his name.

    hardly


    never even went to college

    Stale on
    easysig2.jpg
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    [Deleted User][Deleted User] new member
    edited September 2007
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    [Deleted User] on
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    FaricazyFaricazy Registered User regular
    edited September 2007
    guys remember when the housing market bubble burst in the sun belt I sure do

    foreclosures errywhere
    i am crying over this because fuck my parents are not making money anymore

    my non-needed things nooooooooo
    if only your maid was an investment genius

    Faricazy on
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    [Deleted User][Deleted User] new member
    edited September 2007
    The user and all related content has been deleted.

    [Deleted User] on
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    FaricazyFaricazy Registered User regular
    edited September 2007
    Faricazy wrote: »
    guys remember when the housing market bubble burst in the sun belt I sure do

    foreclosures errywhere
    i am crying over this because fuck my parents are not making money anymore

    my non-needed things nooooooooo
    if only your maid was an investment genius
    we're actually going to have to fire her soon :(

    seriously, my dad making only 10,000/month is starting to fucking suck :<
    ...


    god i hate you

    Faricazy on
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    lostwordslostwords Registered User regular
    edited September 2007
    10 grand a month?

    Oh boo hoo

    lostwords on
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    [Deleted User][Deleted User] new member
    edited September 2007
    The user and all related content has been deleted.

    [Deleted User] on
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    StaleStale Registered User regular
    edited September 2007
    Faricazy wrote: »
    guys remember when the housing market bubble burst in the sun belt I sure do

    foreclosures errywhere
    i am crying over this because fuck my parents are not making money anymore

    my non-needed things nooooooooo
    if only your maid was an investment genius
    we're actually going to have to fire her soon :(

    seriously, my dad making only 10,000/month is starting to fucking suck :<

    I certinly hope you realize that the vast majority of regular people don't make even near this amount per month.


    This is not "hardship" you are experiencing.

    Stale on
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    [Deleted User][Deleted User] new member
    edited September 2007
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    NogsNogs Crap, crap, mega crap. Crap, crap, mega crap.Registered User regular
    edited September 2007
    Faricazy wrote: »
    guys remember when the housing market bubble burst in the sun belt I sure do

    foreclosures errywhere
    i am crying over this because fuck my parents are not making money anymore

    my non-needed things nooooooooo
    if only your maid was an investment genius
    we're actually going to have to fire her soon :(

    seriously, my dad making only 10,000/month is starting to fucking suck :<

    your dad makes in a month, what i make in a year. so i think youll do just fine.

    Nogs on
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    PARKER, YOU'RE FIRED! <-- My comic book podcast! Satan look here!
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    misbehavinmisbehavin Registered User regular
    edited September 2007
    I make more than 10K per month now, but I spent a long time making almost nothing, and as a kid, my parents never exceeded 55K per year for the entire household (my mom didn't work), so I'm fairly confident that I could slink to (or below) 10K per month and still be a happy little man.

    My wife, on the other hand...

    misbehavin on
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    FaricazyFaricazy Registered User regular
    edited September 2007
    Stale wrote: »
    Faricazy wrote: »
    guys remember when the housing market bubble burst in the sun belt I sure do

    foreclosures errywhere
    i am crying over this because fuck my parents are not making money anymore

    my non-needed things nooooooooo
    if only your maid was an investment genius
    we're actually going to have to fire her soon :(

    seriously, my dad making only 10,000/month is starting to fucking suck :<

    I certinly hope you realize that the vast majority of regular people don't make even near this amount per month.


    This is not "hardship" you are experiencing.
    (I know this)

    but, going from having whatever you want to not having it is kinda shitty!
    what the fuck

    that's a lot of money

    you can live very well on that kind of money, especially outside of a city

    damn it

    Faricazy on
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    [Deleted User][Deleted User] new member
    edited September 2007
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    [Deleted User] on
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    FaricazyFaricazy Registered User regular
    edited September 2007
    yes i do

    Faricazy on
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    misbehavinmisbehavin Registered User regular
    edited September 2007
    Seriously, right after college I was making $3500 per month, and I felt RICH! Like, I didn't have to worry about money at all! I even had a savings account!

    I mean, seriously... If your dad makes 10K a month and you're bitching, you deserve to be kicked in the junk.

    misbehavin on
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