a bear market can, and will happen, but index funds are for long term view only, you dont pull your money in and out of index funds. an index fund is like a better version of a 401k, you just “set it and forget it”.
When I was in highschool, like 15 years ago, it was 50k -100k. I went on an investor forum a week ago, some guy asked how he should invest his 150k and they went back and forth between making jokes and telling him they’re not sure it was enough.
I invested 40k into blue chips my professional broker recommended and lost 4k. I was like wth, I hate the stock market now! Since this was recorded as a loss in my taxes I can theoretically get it all back since my loss would off set the capital gains tax…but I hate the stock market and I hate stock brokers, they suck.
Blue chips are used just for the long term and the dividend pay, thats what my plan is but right now the stock market is way to inflated to invest for the long term. Say after a crash happens and things reset, that will be the time to value invest in blue chips and hold for 3-7 years. (Ie: Pump n Dump into w/e in the Dow Jones)
Idk about that amount of money aside from the 25,000 in your brokerage account needed to day trade but past that its w/e you can afford.
The stock market shouldnt be limited to whoever has the fattest wallet or whos at wallstreet or some hedge fund manager, but for whoever has the balls and initiative to crave out ones own future! (As cheesy as that sounds.)
Now I play around with 10K to spend on the market. Though I made some money still even when I had 2.5k. (Caught holding the bag on a few stocks, lol)
Even with 2.5k I could still siphon 100-200 bux a days trade. Its all about finding the dips and riding the waves.
I typically keep a brokerage account for trades and options, but I don’t keep much more that 30K in it. I consider stocks to be “play money” and I am willing to tolerate about 30K in loss per year, but not much more than that. Last year I did great by riding some waves early on, and I made some good money here and there by guessing right on a couple of companies. Year before last I missed some calls by a few weeks and lost a bunch of money, but this year almost everything went my way and I ended up way positive for the year so I backed off. If you are considering doing some stock trading I would recommend getting a fake yahoo or Charles Schwab account and trying it out with fake money to see how you fare before doing it for real. I use Schwab for trading/options as I think that they have some great software and it’s fairly easy to learn how to use.
I toy around with about 10k in the stock market. I also have about 7k in my 401k, but I’ve had deposits to that turned off for a while now because I don’t trust those asshole managers.
BTW my 10k (Etrade) was originally 5k, but it’s doubled since Dec 2015. It was even more but then we had this hilariously stupid Trump rally.
Incase anyone here has some kind of second thoughts that this market can continue going up. Nah, Betting the crash begins to happen around late January or early February. Also, Merry Christmas!
thats like saying you will die one day, of course the market will have a correction sometime next year, nothing goes straight up and nothing goes straight down. im waiting patiently so i can put more cash to work long term when we do get that correction.
I disagree with that, proof was in the shipping boom back in November.
And that was moving on just speculation, nothing backing it up yet if you look at any shipping stock you’ll see a massive increase then decrease.
Point being, when people start running away from something is when there is a massive decreases happening in a single day.
Now I’m not saying something like the Dow will go from 20,000 to 8,000 overnight. I’m just saying that when the crash does happen, there isnt going to be any time to ride it down.
your talking about Dry ships etc after there was a change to the baltic index or whatever its called thats supposed to make them all more money? i wouldnt have put money in those things anyways,. especially Dry ships, that thing has had a ton of reverse splits, do you know how low their float is, any big money firm could have pumped that thing in one day and they did, when a correction happens, those arent the type of stocks im talking about buying.
Drys was the big one that caused the massive rush. But any shipping stock had massive increases from November 16 to the weeks end.
While that may have been the initial cause of the run but many investors thought Trumps plan to make America Great Again involved importing from other countries.
But yeah. I’m not talking about buying into any of them but was using that as an example of how fast things can go south. More so as warning that if anyone is holding onto stocks it might be a good idea to start considering to cash that out and wait for the crash.
so what were you disagreeing with? sounds like we are saying the same thing?
are you disagreeing with nothing going straight up or down? my point in saying that was agreeing with you in that the market wont go up forever, so im confused on what you are disagreeing about?
Maybe move over to the gambling thread and try some baccarat…
Betting on Nunes was the last financial move I made of the year. I felt like going balls deep and putting 5 grand down, but instead I got skiddish and just put down 500 bucks. Still got fucking paid, but no guts no glory. I am planning on throwing some money down on the LePen election, even though I doubt the French have the balls to save their own culture. This is why Matriarchies always get conquered.
I totally regret not following up on this fight. Toward the end the odds were like 5:1 for nunes!
damn. How bad is it when a company starts the year off with bankruptcy?
No, I’m not in that one. I was looking at it because of the dividends and the low price for the stock. Might have to leave it alone until I can see or hear more good news about them tho.
-Starhammer-
Hey guys.
Any Aussies on here?
I have a house deposit that I’m just sitting on and I’d like some advice as to how to best invest it until I need it.
About 200
In a Colonial First State managed fund at the moment.
say it with the respect it deserves.
200…what? 200 pesos?