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Economy Stock market chat second take: No Canadians allowed

Discussion in 'The War Room' started by JonesBones, Apr 18, 2019.

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  1. JonesBones Excuse my contraflow

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    Money is like time. It can be used constructively and destructively.

     
  2. JonesBones Excuse my contraflow

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    I found this useful site. Shows when lockout periods of IPOs end and insiders can start selling.

    https://www.marketbeat.com/ipos/lockup-expirations/

    Anyone know anything about Super Game League? Looks like a poor man's Twitch.

    Super League Gaming, Inc. operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc. and changed its name to Super League Gaming, Inc. in July 2015. Super League Gaming, Inc. was incorporated in 2014 and is based in Santa Monica, California.


    [​IMG]
     
  3. Social Distance Warrior Double Yellow Card Double Yellow Card

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    How many of you have found success in the stock market?

    any personal stories of success or dismal failure?

    thanks
     
  4. VivaRevolution Banned Banned

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    I can tell you what I learned from 2008. Keep 50k in liquid assets, and get rich on Granny's evicted house, in the next crash.
     
  5. Sketch (҂`_´) <,︻╦╤─ ҉ - - -LoungeK

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    I would ask @Revolver

    He is rich.
     
  6. JonesBones Excuse my contraflow

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    Dividend stocks that I like but never mentioned because I thought private equity could be in trouble cuz of rising rates. Blackstone and Carlyle Group. Blackstone had earnings today. Both of these have great dividends. CG went up just cuz BX did. Blackstone is like the ultimate devil organization. When people think of evil, influential people rigging everything they think Blackstone. And CG was part of many 911 conspiracy theories.

    [​IMG]



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  7. JonesBones Excuse my contraflow

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    I've made a 60% return in the year and a half since I started trading. I don't want to toot my own horn but that is excellent even in a good market. I don't think it is sustainable though. We will see. You should be able to make money conservatively over the years. That is almost a certainty. I would recommend every person start investing right now if they haven't started. Warren Buffett started at 11 and said he wasted his life till then. lol.
     
  8. Social Distance Warrior Double Yellow Card Double Yellow Card

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    LOL! is this the same guy who jacks 0ff to all things Colin Kaep?
     
  9. Social Distance Warrior Double Yellow Card Double Yellow Card

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    people often compare Stocks to gambling.

    do you find this analogy accurate?
    (disclaimer: I know jack shit about stocks)
     
  10. JonesBones Excuse my contraflow

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    Microsoft upgraded and has earnings next week.

    [​IMG]
     
  11. JonesBones Excuse my contraflow

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    You can making it gambling. I see stocks as living things. When you lose money betting on sports or cards, that money is gone for good. Stocks can "die" and come back. Losing is part of the game. Good stocks have like homeostasis and can repair themselves.

    Also, nobody can time or predict the market. Wolf of Wall Street was brilliiant in pointing this out and few people would believe it is that simple but doesn't matter if you are Jimmy Buffett or Warren Buffett, nobody knows if the stock is going up, down or sidewise. The casino also has an inherent edge. The law of large numbers insist it wins in the long. It is the reverse in the market, the stock market wins in the long run. You can have an edge. It is as fair as just about anything with money involved. It is a fair game. Casino is not.

    I think this is a good analogy. The longer you gamble, the more likely you are to lose money. The longer you invest, the more likely you are to gain it. Buffett said the stock market is a device that transfers money from impatient people to patient people.
     
    Last edited: Apr 18, 2019
  12. Revolver you sound poor

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    [​IMG]
     
  13. JonesBones Excuse my contraflow

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    @brackis1 this short would be right up your alley with the Yeti hate. Lockout period expires on Monday and the stock is still up today. lol. I would buy puts but implied volatility is through the roof.
     
  14. KBE6EKCTAH_CCP Vive le Québec libre ! Yellow Card

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    What s the dividend yields?
     
  15. 86'd Cha Ching!

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    Anyone expecting another housing crisis to hit here before 2022?

    Housing market around here got hot last summer and I'm wondering if the bubble is re-inflating.
     
  16. Tycho Brah You drink water, I drink anarchy Platinum Member

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    Are you doing this full time now? Or are you also a student or something?

    Seems like you've make some pretty quick strides.
     
  17. JonesBones Excuse my contraflow

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    I don't have much money. lol. It takes a lot of money to make a lot of money. I am building though. It alone can't sustain me at this point. It's add income. Even if I only make $100 a week, or 200 a month, that is a car insurance payment and pays for my phone. I always have most of my cash in the market.

    You have to treat your money like it is on fire. It is burning and losing its value all the time. You should have at least some cash in case a good investment deal pops up and you can buy. Stocks are very liquid though. I can turn them into cash quickly.

     
  18. Orgasmo Silver Belt

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    Invest 70% of your money, but keep 30% as reserve and emergency fund. In case market crashes, you can still scoop some stock up for cheap.
     
  19. Stoic1 Weapons are my religion

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    Success?

    Yes. I put 10% of my base pay in TSP (The GOVT 401k) every month for close to 10 years. I have something like 115k in it right now. Projection of over 200k when I retire in 7 years. I can take it out at 59 1/2 and it should be at 400k at that point at a very modest growth rate.

    Yes. I also have 2 brokerage accounts that I buy stock through. I cashed in in 2008. I keep a substantial amount of cash in a money market account from dividends I refuse to re-invest because the market is so high. I intend of cashing in the next recession.

    Yes. I continually add to my ROTH IRA. I rarely max it out every year but it is well over 35k now.

    No. I am a buy and hold dividend investor. I won't sell. But I don't buy penny crap stock. My stock is like 3M, KO, SYSCO, MSFT, etc that performs. That being said I am sitting on a ton of GE that took a fucking BEATING the last 2 years. I lost a lot of money here. And I rode another company right into the zeroes - a renewable energy stock I was sure was the greatest thing since sliced bread. When Obama was THROWING money at these companies I was sure would work out. Evergreen solar. However, on the other side I invested in Algonquin Power and that has made me money. But I digress - I lost big with GE and Evergreen.

    The secret?

    Continually saving and investing. Live within my means. Dual income and no kids for the first 18 years of marriage. I don't think I am going to pick the next Google or Amazon. I pick the blue chip stocks and collect dividends year after year after year after year.

    I wasn't born rich and I am one of the dumbest people I know. I did construction work and bounced in clubs when I was 20. I was just like most of the people here on this board. I ended up getting my degree and joining the service. I am going to ride my middle class lifestyle into a comfortable retirement.

    Unlike most of the guys in this thread I do not play the market. I do not short. I don't mess with margin calls. I save and invest. I am not smart enough and do not have enough time to do all the research necessary. It would cut into my time posting on Sherdog.
     
  20. Social Distance Warrior Double Yellow Card Double Yellow Card

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    thanks for this in depth response.

    can you loan me 5K? I'm going to follow your model.
     
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