shellylh Posted February 7, 2016 Report Posted February 7, 2016 ^You can probably do better than in Vegas.
aardvark baguette Posted February 7, 2016 Report Posted February 7, 2016 4 hours ago, crappyjones123 said: That's the part I am confused about. Usually people buy on downticks or when the trend line slope is negative... I've been wanting to start a Google position for a while, and truthfully was going to get it regardless of price. It's just funny is all. i've finished paying off some debts and want to get some assets built up again. My plan is to get at least 100 shares before even thinking of offloading any. 1
shellylh Posted February 7, 2016 Report Posted February 7, 2016 (edited) I'd buy google over bitcoins (in fact, I own some google stock). Edited February 7, 2016 by shellylh
aardvark baguette Posted February 7, 2016 Report Posted February 7, 2016 10 hours ago, Grahame said: If we ask you to tell us what your next purchase is, so we can short it, is that insider trading? There is an obscure indium etf I brought down 25% when I sold. I'm actually proud of that one. LoL I also want to pick up some MKL this year. A mini Berkshire.
crappyjones123 Posted February 7, 2016 Report Posted February 7, 2016 9 hours ago, EdipisReks said: He forgot that "past performance is no guarantee of future results." In this case, "past" is yesterday and "future" is tomorrow. Which is fine and all but from Jan 27, the price only went up and peaked to a 30 month high on the 2nd and the 4th highest it had been in 3 months. Granted there is no telling what the price might do the following day (no one sees $100 dips coming), none of the models I worked on suggested buying shares in such a spot. If sandwich man wanted to get a position regardless, then it doesn't matter what the price was. I put my meager savings of ~$5000 on Netflix when it was trading near ~$22. It's taken a turn for the worse since early December but I have no plans on selling it anytime soon. I was actually going to sell it next year to pay for tuition and not having to take out loans but I think I'll let it sit in my portfolio and sell when Julie is about to start med school. Hopefully they don't go bankrupt before then...
MexicanDragon Posted February 7, 2016 Report Posted February 7, 2016 CJ, I think what it boils down to is he was going to buy Google, and he was buying on the 2nd, and then it just happened to drop the following days. It happens. **BRENT**
crappyjones123 Posted February 7, 2016 Report Posted February 7, 2016 Yeah I understood that when he said so explicitly.
MexicanDragon Posted February 7, 2016 Report Posted February 7, 2016 Doesn't come across that way. **BRENT**
Grahame Posted February 7, 2016 Report Posted February 7, 2016 Yeah I understood that when he said so explicitly. For CJ values of understood 1
crappyjones123 Posted February 7, 2016 Report Posted February 7, 2016 35 minutes ago, MexicanDragon said: Doesn't come across that way. **BRENT** Which is fine and all but from Jan 27, the price only went up and peaked to a 30 month high on the 2nd and the 4th highest it had been in 3 months. Granted there is no telling what the price might do the following day (no one sees $100 dips coming), none of the models I worked on suggested buying shares in such a spot. If sandwich man wanted to get a position regardless, then it doesn't matter what the price was. I put my meager savings of ~$5000 on Netflix when it was trading near ~$22. It's taken a turn for the worse since early December but I have no plans on selling it anytime soon. I was actually going to sell it next year to pay for tuition and not having to take out loans but I think I'll let it sit in my portfolio and sell when Julie is about to start med school. Hopefully they don't go bankrupt before then...
luvdunhill Posted February 7, 2016 Report Posted February 7, 2016 Well, anything to depress NTCT would be appreciated.
grawk Posted February 7, 2016 Report Posted February 7, 2016 Hypothetically speaking, anyone who puts money they depend on in a single company's stock would be better off betting on the super bowl.
shellylh Posted February 7, 2016 Report Posted February 7, 2016 I don't know that I completely agree with Dan (about betting on the Super Bowl) but I certainly wouldn't put any money is a single company's stock unless I was fully prepared to lose that money. I have some play money in individual stocks just for fun but I would never suggest that someone put a significant percentage of their savings in one.
swt61 Posted February 7, 2016 Report Posted February 7, 2016 I've been very happy buying individual stocks... 6
crappyjones123 Posted February 8, 2016 Report Posted February 8, 2016 At the time I had $5000 saved up. I wasn't doing anything with it. If I were to sell all the shares right now I would profit $131000. Is this return the norm? Absolutely not. Had I sold it in December before it took a nosedive I would have made $165000. It's not money I depended on. It was put aside to purchase a car but when I got into MIT, I just left it in the savings account and forgot about it. A fellow math grad student had made quite a bit of money in the past so upon his suggestion I purchased Netflix. Don't regret the decision one bit. My retirement account on the other hand is diversified up the wazoo but has also gotten me a 2% net profit over the last 7 years. Slow and steady I guess.
grawk Posted February 8, 2016 Report Posted February 8, 2016 Nope that's a fantastic return. Also sounds like it was money you weren't depending on if you've owned it that long. Congrats. Good bet.
aardvark baguette Posted February 8, 2016 Report Posted February 8, 2016 I do the index thing in my 403/b. Individual stocks for me are a combination of gambling and savings, but essentially discretionary money. Part entertainment to be sure. Better than a CD or whatever.
grawk Posted February 8, 2016 Report Posted February 8, 2016 I sometimes buy individual stocks. I know going in it's straight up gambling, and it's money I can afford to lose 100% of. 2
Dusty Chalk Posted February 8, 2016 Report Posted February 8, 2016 There's slightly more thought put into it than gambling, otherwise you wouldn't purchase any particular stock, neh? I still agree with the conclusion.
grawk Posted February 8, 2016 Report Posted February 8, 2016 some people think an awful lot about gambling. The problem with individual stocks is it's almost impossible as an individual investor to have all the information, the game is pretty rigged. 1
dsavitsk Posted February 8, 2016 Report Posted February 8, 2016 All this talk of investing - I invested in switching from Verizon to Google Fi which his going to save me ~$120/month. 5
ironbut Posted February 8, 2016 Report Posted February 8, 2016 (edited) Jesus Crappy, next time I have a few extra duckets, I'm sending them to you! I don't really know what to say about your post Steve. Fi looks pretty nice Doug. Let us know how you like it. Edited February 8, 2016 by ironbut
aardvark baguette Posted February 8, 2016 Report Posted February 8, 2016 10 hours ago, grawk said: ...the game is pretty rigged. That's why you gotta buy what congressmen buy.
Hopstretch Posted February 8, 2016 Report Posted February 8, 2016 8 minutes ago, aardvark baguette said: That's why you gotta buy what congressmen buy. Cheap well drinks for slutty interns? 2
TMoney Posted February 8, 2016 Report Posted February 8, 2016 24 minutes ago, aardvark baguette said: That's why you gotta buy what congressmen buy. It is absolutely shameful that more of them don't get in trouble for insider-trading.
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