Stocks Investing MONEY : Education?!! Pinkys : OTC

ZMan8 · 10-28-2013, 10:53 AM

Quote:

Originally Posted by Chuck33079

There's plenty of professionals who will help you. It's not free, though. We're whores, not sluts.

I threw up a pretty good breakdown for a young person's portfolio in this thread. I can't recommend any individual security, but others can. If I were you, I'd go over to investopedia and read until my eyes bleed. Investopedia - Educating the world about finance

They are pretty good source for beginners

Lots of information there to read about and also Investopedia can provide more education on risk/reward.

raymondo510 · 10-28-2013, 10:56 AM

Quote:

Originally Posted by Chuck33079

There's plenty of professionals who will help you. It's not free, though. We're whores, not sluts.

I threw up a pretty good breakdown for a young person's portfolio in this thread. I can't recommend any individual security, but others can. If I were you, I'd go over to investopedia and read until my eyes bleed. Investopedia - Educating the world about finance

Will do thanks again

birdmanx1 · 10-28-2013, 06:12 PM

Made some good money on FNMA today, I went ahead and sold all 4400 shares. I was tempted to buy AAPl, glad I didn't. Everything looks so overvalued in the market. I'll sit and wait for what makes sense to make a move next. Maybe go b*lls out if there is a decent pullback with FNMA and hold for short term. In the meanwhile, the $40k in my brokerage will just sit till there is good opportunity.

Chuck33079 · 10-28-2013, 06:14 PM

Quote:

Originally Posted by birdmanx1

Made some good money on FNMA today, I went ahead and sold all 4400 shares. I was tempted to buy AAPl, glad I didn't. Everything looks so overvalued in the market. I'll sit and wait for what makes sense to make a move next. Maybe go b*lls out if there is a decent pullback with FNMA and hold for short term. In the meanwhile, the $40k in my brokerage will just sit till there is good opportunity.

I've thought the whole market has been overvalued all year, but it keeps on creeping on up. I'd love to see a 5-10% pullback. It would make me feel better about the whole thing.

birdmanx1 · 10-28-2013, 06:17 PM

Quote:

Originally Posted by Chuck33079

I've thought the whole market has been overvalued all year, but it keeps on creeping on up. I'd love to see a 5-10% pullback. It would make me feel better about the whole thing.

Agreed. Good chance that this stretch extends as the Fed keeps pumping money further - thx to shutdown. Either ways correction is coming sooner or later.

Chuck33079 · 10-28-2013, 06:29 PM

Quote:

Originally Posted by birdmanx1

Agreed. Good chance that this stretch extends as the Fed keeps pumping money further - thx to shutdown. Either ways correction is coming sooner or later.

Yep. As long as the free money flows, nothing's gonna change. I'm more afraid of fixed income at this point than equities. I'd be exchanging any bond funds I held with shorter duration funds if I still held any.

birdmanx1 · 10-28-2013, 06:36 PM

agreed, better long term bonds at this point. TIPS in portfolio?

Chuck33079 · 10-28-2013, 06:43 PM

Quote:

Originally Posted by birdmanx1

agreed, better long term bonds at this point. TIPS in portfolio?

Huh? I dont want anything long term at the moment. I want to be as short as possible. Did I read your comment wrong?

I made some money on TIPS, but I got out of fixed income completely and went 100% equities.

birdmanx1 · 10-28-2013, 07:15 PM

Right!! you read right I typed long when I was thinking short.

Chuck33079 · 10-28-2013, 07:17 PM

Quote:

Originally Posted by birdmanx1

Right!! you read right I typed long when I was thinking short.

That's what I figured. Long term fixed income right now sounds like a great way to lose money.

andre12031948 · 10-28-2013, 08:25 PM

Quote:

Originally Posted by Chuck33079

That's what I figured. Long term fixed income right now sounds like a great way to lose money.

In a week I'll know if it's a car I'm getting or a crypt

Chuck33079 · 10-28-2013, 08:28 PM

Quote:

Originally Posted by andre12031948

In a week I'll know if it's a car I'm getting or a crypt

If you're in any way serious about ending your life if your investment doesn't pan out (after you refuse to take some profits out and protect yourself) you need to talk to someone. If you ever have thoughts like that, you're investing so far outside your capacity for risk that it's incredibly unhealthy.

andre12031948 · 10-28-2013, 08:37 PM

Quote:

Originally Posted by Chuck33079

If you're in any way serious about ending your life if your investment doesn't pan out (after you refuse to take some profits out and protect yourself) you need to talk to someone. If you ever have thoughts like that, you're investing so far outside your capacity for risk that it's incredibly unhealthy.

Thanks but I'll just will have a great lose of money. Only when I'm no longer able to drag race and Viagra no longer works will I seriously consider that.

tibal · 10-29-2013, 08:29 AM

Great advise and wisdom as always Chuck. ^

-Andre, be careful brother!! Wild MAN!

Meulen · 10-29-2013, 08:32 AM

Quote:

Originally Posted by Chuck33079

One last point- if you win big on this one, go find a financial planner and invest half of your winnings conservatively according to his advice. Since you're a gambler by nature, hire somebody to protect you from yourself. You're keeping half to invest as you see fit, so you'll still get to have fun. You're just making sure you don't die broke.

Quote:

Originally Posted by tibal

Great advise and wisdom as always Chuck. ^

-Andre, be careful brother!! Wild MAN!

That said....Most successfull people will tell you they risked everything several times to get to where they are. lol

Some even failed and lost everything multiple times.!

10-28-2013, 06:12 PM	#3 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 96 Posts: 3,175 Drives: 370z Nismo Rep Power: 25	Made some good money on FNMA today, I went ahead and sold all 4400 shares. I was tempted to buy AAPl, glad I didn't. Everything looks so overvalued in the market. I'll sit and wait for what makes sense to make a move next. Maybe go blls out if there is a decent pullback with FNMA and hold for short term. In the meanwhile, the $40k in my brokerage will just sit till there is good opportunity. __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid* \| Nismo Journal \| Nismo Rumble

10-28-2013, 06:36 PM	#7 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 96 Posts: 3,175 Drives: 370z Nismo Rep Power: 25	agreed, better long term bonds at this point. TIPS in portfolio? __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid \| Nismo Journal \| Nismo Rumble

10-28-2013, 07:15 PM	#9 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 96 Posts: 3,175 Drives: 370z Nismo Rep Power: 25	Right!! you read right I typed long when I was thinking short. __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid \| Nismo Journal \| Nismo Rumble

10-29-2013, 08:29 AM	#14 (permalink)
tibal Track Member Join Date: Dec 2008 Location: Safest Town In America Posts: 987 Drives: TT-370Z and 2.5RS Rep Power: 18	Great advise and wisdom as always Chuck. ^ -Andre, be careful brother!! Wild MAN! __________________ 2010 - PG - M6 - 370zTT 453/409 6lbs IG @TRbal10 TEAM FLY1 MOTORSPORTS

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