thanks for the advice, but something else has come up. i talked to them recently and told them that i was a victim of ID fraud and before i feel that i owe them anything i wanted validation that i even owed the debt (and they hang up in my face :rolleyes:). I haven’t sent out any validation letters or anything yet, for the simple reason that the collection agencies have completely stopped calling me now. Is there any reason for them to completely stop calling
so…
y’all talk about day trading. im still wondering if anyone here has a portfolio that’s consistently beating the market index.
if not, your words as good as beans.
Got a newb question dealing with the stock market, what really drives the prices on wall street? Is it more of how the company is doing as a whole, or more of what they (business) are projecting in the future? Also, what should we (share buyers/holders) look at in the business in which you want to invest? (Current or in the future). I know there are many, many other factors (US growth, economy, etc) but what is the underlying factor the public should look at?
It’s ALWAYS the future outlook of a company that drives the price, no matter how bullshit it is, no matter how well they did in the past quarter, it’s always the GUIDANCE that affects the price more, along with current market conditions.
Wall Street always expects a company to blow past expected earnings and project good future quarters, and if that’s what a company reports during an earnings release, a stock will rise and stay strong pretty decently from there on after. If a company reports decent earnings, but did not blow past expected earnings and is either unsure of how it will do in the next quarter, or expects earnings to drop in future quarters, hence, not so strong guidance, then the price will usually drop. During earnings releases that’s usually the behavior the market takes. Otherwise if the company publicly announces good or major news (like the day Microsoft announced they were planning on buying Yahoo) or other things, then the stock may rise, or if someone bad happens, the stock will drop.
Otherwise, most stocks will pretty much follow the market trend which will always react to news, like job market situation, price of oil, fears of a recession, subprime and credit crunch stuff, etc.
Thanks! Now, does the above always play into every company? So the rise/fall of oil change the stocks for, say Google?
For the most part, yes. Rise/fall of oil, job market news, credit crunch stuff, etc. sparks a decline or rally in the overall market, so people will be in more of a mood to sell their holdings or buy something, which will affect highly traded stocks like Google, Apple, etc. If say, the price of oil went up to $200 tomorrow, then people are thinking to themselves “Holy crap, this market is sinking fast, gotta get out,” and those people who are holding onto their Google stock, even though it has nothing to do directly with oil, will sell it knowing that the overall market will crash and get their cash back, and with several people doing the same and selling, that causes the price to drop heavily.
I had a brainstorm the other day about what I should be investing in and I was hoping somebody could help me out? Here’s the gist of it.
I don’t have a ton of money (aka enough to buy a franchise etc…), but I have enough money I feel like it’s just rotting in the bank and I don’t even want to buy any stock right now. So what if I were to make loans to small businesses in my area. That way it would be something I could see and somewhat control. I would make these loans with collateral of course, such as a second lien on a building etc… and then have it subordinated to whatever they owed to the bank to keep the banks happy. That way I could get a decent return on my money while also helping out places in my area that could use a boost. Anyone done anything like that?
Another example would be I could make a loan to a small business that instead of paying me back in full could eventually be converted into shares of the company. That way I could grab up an equity stake in the company and have a true say in a smaller company…
Anyone? Thoughts?
34 here. Man I wish I knew this stuff at 25. Or 18 even… . Anyhow, I am on the right track now.
every idiot i know that trades can do at least that…proves nothing
can at least do what? beat the market or post analyses online? im confused.
im not shitting you, a lot of you are pretty gung ho about treating day trading like creative gambling, and yet some of you dont know what transaction costs are. and theres nothing wrong with that. everyone starts somewhere. but some probably dont know an what an index fund is and wanna enter day trading.
if youre serious about maximizing your returns while minimizing risk, then you should be serious about your research.
think of it this way, its like going into a money match and not knowing what the rom inf is, or that unblockables exist, or that any special can be roll canceled. YES you can still win, but the odds will be against you when you run into this shit and youre gambling more than you can tolerate to lose. if you watch match videos and learn to minimize getting into these setups, you increase your odds of winning the money match.
gonna give alphacrush some credit for RECOGNIZING that hes on the right track. people enter the game, gamble and lose, and then think to make it back up they need to use leverage and end up losing more AND OWEING.
if you wanna win in any game, you need to recognize what you did wrong and correct it.
white ninja- arent franchises like 50-500k depending on what they are? i was kinda confused when you said also known as, because it sounded like you have just enough to buy a franchise. with that kinda volume id either try to find a friend whos up there in finance and probably knows a thing or two about wealth management. personally, i dont know anyone who does that, but id prolly go and pay 200 dollars or whatever for a one time consultation on what options are available.
if you have less than that but at least 10k id still prolly go find a professional in finance. <10k, CD it up if youre into short term return. for long term i honestly dont know if now is a good buying period for mutual funds/bonds if youre avoiding stocks.
This is what you should have done in the first place instead of your prior post. Now im going to admit i dont know much or anything at all about daytrading and it is appreciated that you posted it on here.
I should have wrote aka NOT enough to buy a franchise lol my b…
Anyways, I have all kinds of other investments and I’m pretty slick with the money. I am a financial professional in real life after all pops collar. I am just looking for some alternative investments instead of just doing some kiva.org or prosper.com shit, but it’s cool. I didn’t know if anyone had done anything like this and I figure it’d be good to be the neighborhood loan shark when it comes time to run for mayor. Honestly though, I just don’t want to purchase anything that’s concrete like a commercial building, investment real estate etc… because who knows where I’ll live in a few years.
Thanks for the advice though f_man I think you’re doing some good here and if I had more time to juggle I’d even join up that stock simulation game. :looney:
i happen to know a person who asked me about one of those. I was a bit nervous about putting money into something like that. From what I can remember he stated “it is ebay for loans”
Yeah prosper.com is like ebay for loans. Kiva.org is for charity with no profit involved. Kiva is pretty interesting actually considering is was started by former silicon valley people.
EmigrantDirect’s APY has dropped to 3.6%. I signed up when it was like near 5. Should I be worried?
Was this a CD?
If you put the money into a CD, whatever rate it was when you put the money into it is what it’s locked in at for the duration of that CD until it matures. If it’s a savings account, then whatever the going rate is that, that’s what it’ll be. The rate drops due to the rate cuts that the Feds are making, so rates have been cut in banks all over.
I hear ya on that, I’m glad this thread came along relatively early on for me(with me being 19) got some nice tips to avoid getting into pitfalls as I move out of the house.
It’s a savings account. So much for the “high-yield savings account” gimmick. Now it’s a fad, I guess.
Can anyone here give me a rundown on Swiss Banking? It’s been something I’ve been looking into, and would like information on it. Should I even be LOOKING towards offshore funds when I’m just starting out? Opinons/advice sorely needed here.
yeah i noticed that for me as well. But I guess it is still better than no type of saving up at all. But Im also assuming that the company you are using have some form of a CD as well. I know ING Direct has CDs but since I dont have any money saved up now. Im going to use the money that I was going to save up and take care of my debts since I dont have to pay $145 to park anymore. I owe just about 6K that still doesnt include college loans. Man sometimes when I think about it those phat refund checks one gets when he or she goes to college couldve been saved up and used later after graduation. Come to think about it I would of have at least 10K. One can do alot with 10K shit that is a downpayment towards a house!!