How does one learn how to be not completely stupid choosing a investments and trading? All you genius financial magicians out there, hand over all your magic!
@phatmass
I’ll have to try this, asking more questions as they occur to me.
I have 89 days with you as my sometime (when in the mood) consultant, right? If i do really really really well, I suppose Meh will have delivered on my 90 day demand.
Another example, if the people who sold Woot to Amazon would have taken that $110 million dollars and immediately just invested it back into the company who just paid them, they’d have about $715 million right now.
@phatmass
Well, you’ve got me thinking about Amazon. I foresee growth. (yeah, major crystal ball there!) But the market supposedly accounts for commonplace likelihood in advance. Hmmmm.
@MrMark setting aside the value of unnamed sources as a means of verification I’m not really contesting the issue, simply noting that any portion of that $110M might have been in Amazon stock. Heck, even if it was originally paid in cash after the fact it might have been invested in Amazon.
I use it to manage my whopping two shares of T-Mobile stock, purchased because the insanity of John Legere is great to watch most of the time. Though he’s been far less entertaining in this era of stretching, and then breaking, net neutrality principles.
I’m up 14% so far, which definitely doesn’t hurt.
The app itself is pretty decent, especially if you have a fingerprint reader on your phone. Typing in your password every time you want to launch it, no matter if it’s only been a minute or so since you loaded the app is a huge pain in the ass. They’re pretty good about transfers once you’ve been with them for a while, but make sure you get your money in early if you think you might want to buy some stock down the road.
I’ve been thinking of starting to invest with this or something similar. Didn’t this cost a dollar per month, or something? I have only one thousand dollars to spare, so it might not be worth investing it.
Most of my investing is with 401k’s, IRAs, and the kiddos Coverdells and 529’s.
For the little bit that I do invest each month in stocks, I looked at Robinhood and I liked most of what I saw there, but I ended up going with Loyal3 instead. They have a limited selection, but had the stocks I was looking for and they allow partial shares which was a bonus for me.
If I do that, I’m going to be as rich as @homeless someday.
Or I might simply be @homeless.
How does one learn how to be not completely stupid choosing a investments and trading? All you genius financial magicians out there, hand over all your magic!
It’s easy. Stick with the industries that you have a genuine interest in, and know about.
For example, if everyone would have invested $1,000 in Amazon on the day they bought Woot, they’d have about $6,500 right now.
@phatmass
I’ll have to try this, asking more questions as they occur to me.
I have 89 days with you as my sometime (when in the mood) consultant, right? If i do really really really well, I suppose Meh will have delivered on my 90 day demand.
@f00l I will consult you. As far as Meh, they’ve been going down hill ever since they added a pagination option in the forum.
@phatmass That’s strange, because it means the high point was really the day before pagination got added.
Another example, if the people who sold Woot to Amazon would have taken that $110 million dollars and immediately just invested it back into the company who just paid them, they’d have about $715 million right now.
@phatmass
Well, you’ve got me thinking about Amazon. I foresee growth. (yeah, major crystal ball there!) But the market supposedly accounts for commonplace likelihood in advance. Hmmmm.
@f00l
I think there’s a factor there, but ‘commonplace’ is tricky. There’s only so much free cash available for investors to use.
@phatmass that presumes that the $110M was in cash without any stock options.
@jbartus We’re hearing from a solid source that the price Amazon paid was $110 million — all in cash.
https://techcrunch.com/2010/06/30/woot-amazon/
@MrMark setting aside the value of unnamed sources as a means of verification I’m not really contesting the issue, simply noting that any portion of that $110M might have been in Amazon stock. Heck, even if it was originally paid in cash after the fact it might have been invested in Amazon.
¯\_(ツ)_/¯
Been using it since day 1. I enjoy it.
I use it to manage my whopping two shares of T-Mobile stock, purchased because the insanity of John Legere is great to watch most of the time. Though he’s been far less entertaining in this era of stretching, and then breaking, net neutrality principles.
I’m up 14% so far, which definitely doesn’t hurt.
The app itself is pretty decent, especially if you have a fingerprint reader on your phone. Typing in your password every time you want to launch it, no matter if it’s only been a minute or so since you loaded the app is a huge pain in the ass. They’re pretty good about transfers once you’ve been with them for a while, but make sure you get your money in early if you think you might want to buy some stock down the road.
@TellarHK I sold my 1 free share of T-mobile stock. like over $40 cash, bruh.
I’ve been thinking of starting to invest with this or something similar. Didn’t this cost a dollar per month, or something? I have only one thousand dollars to spare, so it might not be worth investing it.
@DVDBZN robinhood is free
BUT its phone only
and they get shitty stock dealing rates
example
you want to buy aapl
at other companys it would be 112
at robinhood it could be 114 or more
…
Sumbody smart pls tell me how to Make Money Fast with zero risk using that Options Magic.
@f00l buy oil futures.
you will either double your money or lose everything in 1 hour
@communist
Excellent!
@f00l the Magic option requires batteries and meh hasn’t sold any ages.
The app Acorns in also neat for the $ doll hairs.
Most of my investing is with 401k’s, IRAs, and the kiddos Coverdells and 529’s.
For the little bit that I do invest each month in stocks, I looked at Robinhood and I liked most of what I saw there, but I ended up going with Loyal3 instead. They have a limited selection, but had the stocks I was looking for and they allow partial shares which was a bonus for me.