Let's talk about money - The Finance Thread

General Discussion
1821

http://www.coindesk.com/the-trump-administration-is-buying-into-blockchain-tech/

Dumping this here. Initially I was against Crypto currency but now…Its looking to be a good idea to start dabbling into it in the next year or 2.
Even if you dont want to mine some you can still buy and hold them in digital wallets and services.

Hell, you can even trade them! Services that lets you trade them like fucking stocks WITHOUT THE LIMITS! 24/7
Fucking only bad part is lack of people in the market and extremely volatile nature but at the same time…Play you cards right you could casually turn 100 bucker of bitcoin to 200 catching the dips. (Coinigy and Bittrex are great services.)

1822

Hear VIX and other volitility indices are a good buy now. They are at the lowest. You know what that means…

1823

This one might strike close to home for a few of you:

1824

What the fuck was she doing carrying around a dozen gold bars?

1825

I’m no thief, but even I would be tempted to break a window for that much gold!

1826

hey yo. Here’s a vid that can help us see the signs of a recession. Check him out.

-Starhammer-

1827

http://img.photobucket.com/albums/v733/stormhammer/Charlton%20Heston%20Laugh_zpseqhtrpn1.gif

what in the fuck?

If I’m toting blocks like that around, I’m not getting out of that car for anything short of reaching my destination or death.

-Starhammer-

1828

Hey I’m ready to start investing now. I got a 1000 bucks I want to start with. I’ve been reading up on this thread and looking up youtube vids by this dude

He mentioned that commisions and fees is one way beginners get killed in the market. So does anyone here have any brokers they would recommend? Should I go through my bank? (WellsFargo) Go through an online broker such as Etrade? I’m looking to start investing this week

1829

Nice. :tup: like I said in the GD thread, I’ve only recently started listening to him too. I’ll be changing up some strategies I have thanks to him.

-Starhammer-

1830

I liked his caveats, but I don’t know I’m down with his other advice. An index fund would still be blue chips and you’d actually be diversified.

Plus his claim of 30-40% returns for 5 years is . . . hard to believe.

1831

^ I do ok, I usually sit in the 8-15% range. I don’t see consistently breaking 20% single every year without insider trading.

1832

yea 8-15% per year is very doable.

1833

The way I look at it, if my return for the year beats the inflation rate; I’m happy.
Here is one site that lets u u play with fake money @bb_hoody http://www.investopedia.com/simulator/
Good luck man.

1834

Thanks a lot my dude. I remmeber back when I went to this colege in NY we got to play this stock simulator for like a week. I forgot it though. But does this follow the actual stock market but just with fake money?

1835

*That’s exactly what it does.

Learning how to invest is a wonderful way to educate yourself. Hell, learning how to read and interpret 10K’s and 10Q’s is an invaluable skill in my opinion. *

1836

french election has the global markets in a frenzy, s&p futures up over 1% right now and gold down over 1%.

1837

I wished they taught that stock market game back in high school but then again, i went to p.o.s. public school :mad: . if i remember right, I believe i had saved up about $500+ by the time I was 17.

@BB_Hoody : http://www.nasdaq.com/markets/ipos/ to see upcoming IPOs. Pick an industry you are somewhat familiar with; play with it in that investopedia account.

1838

For folks that wants to try Peer-to-peer lending investment: if u can afford to not touch your $$ for 36 months or more, here’s some screenshot of what the Lending Club tool(one of the many p2p website out there) look like:

Basically the Grade A-G is the ranking of loan notes from the most Safest/low interest–> riskiest_get rekt/high interest. You can decide how much each ‘Note’ is and it will be allocated according to your spec. I believe the minimum is $25.00. I set mines to $100. As you can see, there are preset ones and u can create a custom one. I customized mines so that it adds up to 99% allocation with 1% put aside for cash accumulation. You get this nifty overall summary:

Obviously this is NOT for everyone; this investment vehicle requires time and you can’t pull-out whenever. If you want to get your full $$ back; u need to stop the auto-investment with a click of a button(it’s literally an off/on switch that takes 1 business day at most to take into effect) and wait for all the notes to be repaid etc.
This is perfect for me because I just don’t have the time nor patience for stock trading anymore but don’t really want to lock extra $$ in an IRA/roth-wait-till-55-years-old deal. It’s pretty sick seeing those monthly statement in the end seeing dat interest accumulate :tup: :tup: .
Make it rain SRK!

1839

Hey. While this may not be much news to you all, A person I’ve been talking to at Minds.com has told me that they may soon make it possible to buy stocks with their company. I’ll update you all as soon as I know more.

-Starhammer-

1840

How long are the loans for? Making $5 off of $100 is great if it is short term but over the course of an entire year it probably isn’t worth it. I assume there are different amounts you can lend for different lengths of time.