Let's talk about money - The Finance Thread

figured Id share it with you bruvs too:

The fuck, time to delete everyone!

Thank god the only people I have on facebook are family, and people who don’t talk about smoking weed erryday.

Anyone else here prepping up for the upcoming new consoles this Fall? I think w/o a doubt Sony stocks will fly once PS4 is released this Thanksgiving. Currently in @20.41 :tup:

Now that I’ve read this, I too may take part of it. I might just make a dime or two in this.

-Starhammer-

I thought about this back in March, I feel like the PS4 craze is already accounted into the current price. In January IIRC when it was announced I think there was a decent surge. I could be wrong though. The hype and craze from release announcements, from my observations, have a bigger drive on the price than the results. I remember when I had Nokia options earlier this year, the announcements of the Lumia was great for the price. When it was actually released and had very high revenues, the stock price went down.

Don’t most company stocks take a dive when people actually release a product?

Hmm…quick short-term research shows some interesting stuff on Sony stocks. Let’s see:

Playstation One:
North American debut mid-Sept 1995: ~25.00
6-months later October 1996: ~30.00

PS2:
NA October 2000: ~100.00
6-months April 2001: ~70.00

PS3:

NA debut Sept 2006: ~39.00
6-months later May 2007: ~50.00

PS4 is coming out this Thanksgiving which is perfect since Americans LOVE to buy stuff during holidays, even it means being in-debt even more :rofl: . Anyways I’m in @20.41, gogogo double up by April '14 :tup: ! Turn that 2k into 4k son!

Aw damn. You making my mouf water. Think I may do the same with my savings. Double up and the dollars and beat somebody’s ass on the PS4? Next year could start off VERY nice. :tup:

-Starhammer-

Yoooo…anyone read the shenanigans with the upcoming Twitter IPO and the penny stock TWTRQ?

TL;DR: People thought Twitter stocks are out already; bought the wrong one instead :rofl: . Holy fuck though… 1400% increase! $1,000 on Friday would be $14,000 today :wow: :wow: . Shits cray.

so, In other words, we should pounce upon dat twitter stock when it comes out…Like a BEAST. Instant millionaires incoming!!!

-Starhammer-

Since it looks like we’re stuck with Obamacare when it comes out, we should be looking into which stocks to get so that we can avoid having our wallets and money destroyed next year. If I can find any info on what to keep an eye on, I’ll make sure to post here. Good luck my fellow SRKers.

-Starhammer-

I’m pretty sure it’s already priced in, because when I heard about Obamacare that’s the first thing I thought of. And in fact Big Pharma and the Health Insurance stocks all have done great this year. Although pretty much everything has done well except basic Mats, residential, and farming. You could pretty much just pick anything else and you’d have done great. Still, the healthcare sector, including biotech, healthcare plans and pharma, is up something like 45% on average. That beats the rest of the market pretty easily.

VERY nice advice. Thanks Serpent. :tup: Pretty much what I was looking for. Time to see what I can get and how much. I found a few articles on the current situation that may help us in our decision makings. Links below…

http://money.msn.com/top-stocks/does-obama-want-a-market-sell-off

I just glanced over them for the time being and added them. Might write more on them later.

-Starhammer-

Twitter should be going public on Nov 6. Who’s getting on the train? I’m thinking about it, and if I can get things in order soon enough, I will do it. I would like some more thoughts on it if anyone here has some knowledge to give.

-Starhammer-

So is it smart, from a money-making standpoint, to buy stock in companies or industries that interest only you? Or is it safer to invest in what’s hot or stable, like Apple, Google, etc?

I seem to have a lot of mobile news pass my way, so how would I invest in the right companies that I think will be successful?

I tried to learn how to get into trading but I never figured it out.

If you can’t pay anymore on bill, etc. would you walk away or file for bankruptcy chapter 7…

Disclaimer: I’m no expert on this stock trading so play at your own risk!

With that out of the way, it really depends on your style: are you a big-risk taker or the opposite? I personally just play with stuff that I have some general idea on and occasionally takes bigger risk on random ones. As stated before, my current play is with Sony with the PS4 release. I believe PS4 will be successful and I’m banking the market will react accordingly. You might say, ’ But 90s, that’s only one sector of Sony, they also sell other shit too’. That is true. I do own other Sony stuff and they seemed to be reliable as a company imo. They do effed up every now and then like that PSN Account compromise last year(?) and their TV division taking a hard beating over the years but I think SONY will be around for awhile. Your opinion may be different of course etc. If you want a more set-it-and-forget-it style, look up on index funds as others suggested.
Also, if you are seriously thinking of opening a stock trading account, I HIGHLY suggest spend a month or so in http://www.investopedia.com/ , make a free account and see how you’d fare. I spent a good 3 months or so playing in that site before I opened the real thing. It’s close-to-realtime and risk-free. Also when you opened the real deal, play with DISPOSABLE MONEY. I can’t stress that last part enough.

Ok, stock trading story time:

Spoiler

So back in 2011 with the whole Fannie Mae/Freddie Mac-will-they-be-spared-or-not story, I made a gamble around September '11 and bought some Freddie Mac stocks on a Wednesday. The following Monday, gov’t announced Freddie Mac will not go down in flames which translated to a profit of $300.00+ when I sold it that Monday afternoon. Not bad right? $300 bucks just for waiting for a few days :lol: . Keep in mind, I have zero knowledge on real estate and I was relying more on the sensational news etc on this play. So the following week or so, feeling optimistic, I noticed the same pattern is happening with Fannie Mae stocks so this time I bought even more(valued around $2.5k+ at the time) but this time it did the opposite. So I’m like, ‘keep it cool 90s, i’m sure it’d bounce.’ Guess what? It never did bounce back, in fact at one point in 2012, stocks value went as low as $350.00+. Yea. I kept telling myself, 'You douche, shoulda sold that shit when it lost 25% or below value!! :angry: '. Anyways I kept it around just for kicks and as a reminder of the risk playing in this game.
Fast forward today, the stock is now back up and shining with the real estate market finally appearing to be going up. FNMAS reached $7.00 for the first time today when the highest it ever reached few years ago was $5.00+ bucks. I honestly I have no idea how high it will go. Think I’ll sell it if reaches 8.00 bucks :lol: :lol:

TL;DR: Hang on to your balls if the going gets tough.

For folks with stock trading account, what’s your play style? Short-term/long-term player? I’d say I’m 90% long-term player. Only time I sell it fast if value increases 25% or(which is rare as fuck imo) in a week or so.

@Taito …It’s okay to trade companies you like. Just try to avoid things that are too niche and have a low trading volume or narrow price range if you’re trying to make a profit in the short or mid term. Popular stocks should have established upward and downward trends that you can base your entry and exit points off of. A thinly traded stock will probably have a narrow price range, which will be near impossible to trade without experience. If you’re interested in long term investing, then this doesn’t apply as much. Also, keep in mind that the popular stocks are not necessarily ‘stable’.

What kind of mobile news are you coming across? I don’t trade off of news, but it’s doable if you have discipline to sell when necessary. If the news is public knowledge, then you’re trying to “buy the rumor, sell the news.” You should be buying with a profit target in mind (e.g. up $4/share), while also having a loss limit in place (down $2/share). You can let your gains ride, but have the discipline to dump your losers. As you get more experience with trading and your company, you’ll get better at assessing risk / reward opportunities.

@NinetiesArcade … I try to swing trade if I come across a stock that is overbought or oversold, but I miss most of those ops. Now I just take some stabs at the ES (futures) before I leave for work.

BWAAAAAAAAAAAAAAAAAAAAAAAAAAA HA HA HA HA HA HA HAAAAAAAAAAAAAAAAAAAAA HA HA HA HA HA!!! Might be mean, but if Wal Mart ended up getting owned by smaller companies, I would fucking laugh so hard I would break my nose, ribs, jaws, and most likely several bones in my legs too. However, picking at Wal Mart is not the only news that brings me here today.

http://investing.money.msn.com/investments/stock-price?symbol=US%3AGE&ocid=en-us_bingiaquotebtn&

I’m really thinking hard on this one. I’ll most likely grab it next month to see how far things will go. Since they’ve been paying divs since forever, and they are pretty big in the game, it might be the best place for small investors who want to make some cash on the side. What say you all?

-Starhammer-