Investing DISCUSSION

[Obs]

New to it.

I am new and dumb to it, so eyeing penny stocks.
Post your leads to make me rich.


Swole is the goal, size is the prize, it's gains o'clock mfer... Let's GOOOOO!

[almostgone]

I've known guys that did well with penny stocks and guys that lost their money due to the extra volatility. If you do well in penny stocks, once you had a decent little amount built up I would shift a decent amount to large cap stocks or a fund like Dodge&Cox ( ticker is DODGX).

One reason I like DODGX is it's a tortoise not a hare with decent funds over a long term period (think it was created in 1964)?

Don't get me wrong, I've known guys that did pretty decent with penny stocks, but you have to really stay on top of them.

Congrats on taking the step into investing. Too many neglect it and get blindsided by the true cost of retirement.

Wish I was one those guys that shit gold just by day-trading, lol.

[Charlie67]

I'm super conservative.. broad based mutual funds with very low fees.

"My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors—whether pension funds, institutions or individuals—who employ high-fee managers.""
- Warren Buffet

[Obs]

Got gf in on this one.
I been worrying with all the time on my hands.
She needs to have a fallback in case I leave.

Ag and Charlie, as you both say I intend on shifting.
The thing that interests me most about penny stocks is a little research can actually land something substantial but it wont be around long.

Wish I had used bitcoin to buy roids the first time. It was new back then though and laughed at.

Bitcoin cash is actually a promising looking venture.

[almostgone]

Got gf in on this one.
I been worrying with all the time on my hands.
She needs to have a fallback in case I leave.

Ag and Charlie, as you both say I intend on shifting.
The thing that interests me most about penny stocks is a little research can actually land something substantial but it wont be around long.

Wish I had used bitcoin to buy roids the first time. It was new back then though and laughed at.

Bitcoin cash is actually a promising looking venture.

Trying to remember who it was...... maybe Austinite He had some btc lying around in his account after a purchase. He basically forgot about it and went back and looked at it after it sat for quite a while. He did quite well considering it was basically "found" cash.

[Obs]

Trying to remember who it was...... maybe Austinite He had some btc lying around in his account after a purchase. He basically forgot about it and went back and looked at it after it sat for quite a while. He did quite well considering it was basically "found" cash.

Exactly my thoughts. I had opportunity to buy bitcoun under a dollar.
$100 would have been over 2 mil at the peak when I was telling everyone to cash out.

There are plenty of penny stocks similar.
Beverages are a big thing but I have always had my mind on tech.

Google is a sound long term investment as they will swallow quantum computing companies and that is 100% the future.

My news feed is plugged with quantum research and quantum entanglement breakthroughs.

That is the future of tech and google is forefront waiting to buy out any brekthroghs so they cant compete with their computers.

But I cant touch google stock yet.
In 20 years google will be the end all tech company.
Apple, microsoft, and yahoo are playing in the dark.

[Capebuffalo]

Start with a sep retirement plan.

Contribute as much as you can every month. Any disposable income after that invest in medium risk.

Go talk to a financial planner. They will help you look at where you want to be in the future and map out a plan to get you there. Your goals will change over time and so will you plan.

[Obs]

Start with a sep retirement plan.

Contribute as much as you can every month. Any disposable income after that invest in medium risk.

Go talk to a financial planner. They will help you look at where you want to be in the future and map out a plan to get you there. Your goals will change over time and so will you plan.

Financial planners sound expensive

[KINGKONG]

Glad we are on the subject..Thanks OB! got this bright orange 4 foot tall Q-Bert piggy bank burning a whole in my pocket..pretty much what’s left of my money..
Shall I put this in mutual funds or try day trading?


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[Capebuffalo]

Financial planners sound expensive

Find a small independent one. It’s worth it. I made $9k last month because of mine..well and the market being on fire.

[KINGKONG]

Find a small independent one. It’s worth it. I made $9k last month because of mine..well and the market being on fire.

The market is scary to me ATM..it’s too high, good things don’t last forever..Iam waiting till it drops and focus on currency’s and real estate..
I used to enjoy day trading it was simply following trends..but, yeah...no more money left for that

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[Charlie67]

Glad we are on the subject..Thanks OB! got this bright orange 4 foot tall Q-Bert piggy bank burning a whole in my pocket..pretty much what’s left of my money..
Shall I put this in mutual funds or try day trading?


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The Q-bert piggy bank is probably worth a mint as it is... brings back memories.

Put it in a mutual fund, but look up "dollar cost averaging".... send in a check every month so you're never buying high, or low, just the average.

[Mooseman33]

ETF's OBS.

[KINGKONG]

The Q-bert piggy bank is probably worth a mint as it is... brings back memories.

Put it in a mutual fund, but look up "dollar cost averaging".... send in a check every month so you're never buying high, or low, just the average.

Doesn’t it,
thanks for advice Charlie, I need to get something going the gov seized my money at 35 now it’s try to make a decent retirement in 20 years..iam 40 now..


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[almostgone]

Find a small independent one. It’s worth it. I made $9k last month because of mine..well and the market being on fire.

If the next presidential election even looks like it will sway to the Democratic Party, I'm moving everything to stable value funds and hope they don't find a way to "redistribute" retirement $$ to everyone.

[Capebuffalo]

If the next presidential election even looks like it will sway to the Democratic Party, I'm moving everything to stable value funds and hope they don't find a way to "redistribute" retirement $$ to everyone.

Ain’t that the truth. Cash out and buy gold.

[Proximal]

Max how much you save (we shoot for 20%, which is tax deductible).

Find recommended financial planners and brokers, leave it to professionals.

Have a certain percentage in medium risk, another percent (increases as you approach retirement) in low risk.

Don’t freak during a recession and sell everything, instead buy as prices plummet. The market will come back, always has & you will bounce back better than before.

[Obs]

ETF's OBS.

Eat Then Fuck?

[GearHeaded]

I bought a few thousand rounds of 45 acp ammo for 6$ a box of 50 a couple decades ago .. that was a good investment. what is it at now like 33$ a box of 50 . and what I like about that type of investment is that in the zombie apocalypse I can still use that shit.
how many investments will mean nothing and have no tangible value at some point . heck you'll be burning wads of cash in a fire to keep warm let alone what happened to your investment portfolio and stocks.

so thats kinda the type of investor I am now .. I have 100s of pounds of rice, vacuum sealed in bags and stored in air tight buckets. I've got thousands of $ worth of freeze dried food.. etc etc.. I've got thousands and thousands of rounds of ammo.

thats how I invest . in usable shit for any situation..


however having said that . years ago when I was a successful business man (and not in the fucking fitness industry) and my net worth was well over a million dollars ,, I had investments in multiple businesses, multiple houses and pieces of real estate, 401ks, stocks, etc..

guess what . that shits all gone. it also can't be taxed anymore .. yet I still have my thousands of rounds of ammo and my 100s of pounds of rice mother fuckers !!

[GearHeaded]

on a side note -- years and years ago a friend of mine was a 'day trader' of stocks. he did that and he was also a coach that did seminars showing people how to make $ day trading stocks .
he set me up with a "simulator" where I could test run and actually trade real world stocks, bonds, etc in real time. it was just with fake money but the trading simulator itself was real time.

I deposited like $5k .. after a month or so my balance was up to like $80k. and that was after all the trading fees and occasional losses etc..
yes you can make money. however it just wasn't my cup of tea having to constantly follow a computer screen and graphs and analytics etc..

[Obs]

I bought a few thousand rounds of 45 acp ammo for 6$ a box of 50 a couple decades ago .. that was a good investment. what is it at now like 33$ a box of 50 . and what I like about that type of investment is that in the zombie apocalypse I can still use that shit.
how many investments will mean nothing and have no tangible value at some point . heck you'll be burning wads of cash in a fire to keep warm let alone what happened to your investment portfolio and stocks.

so thats kinda the type of investor I am now .. I have 100s of pounds of rice, vacuum sealed in bags and stored in air tight buckets. I've got thousands of $ worth of freeze dried food.. etc etc.. I've got thousands and thousands of rounds of ammo.

thats how I invest . in usable shit for any situation..


however having said that . years ago when I was a successful business man (and not in the fucking fitness industry) and my net worth was well over a million dollars ,, I had investments in multiple businesses, multiple houses and pieces of real estate, 401ks, stocks, etc..

guess what . that shits all gone. it also can't be taxed anymore .. yet I still have my thousands of rounds of ammo and my 100s of pounds of rice mother fuckers !!

I just gotta make money for my departure.
I am too broke and mismanaged.
I like capes idea and will probably do it.
He aint let me down yet with his advice.

My gf has a grandmother that got married at 14.
She was with one man all her life and he died at 60 years old holding gfs newborn daughter.

It ripped my gfs grandmothers heatt out as well as hers. He was the only stable steadfast male in that family and all they had as a rock.

With him gone and having no financial security medical bills etc... Gfs grandma lives in an apartment shithole and needs a new car I have to buy her.

I don't want to leave my gf behind like that. She doesnt deal with death well at all. I would like to leave a legacy rather than a burden.

Diversification is key on everything.

[Obs]

on a side note -- years and years ago a friend of mine was a 'day trader' of stocks. he did that and he was also a coach that did seminars showing people how to make $ day trading stocks .
he set me up with a "simulator" where I could test run and actually trade real world stocks, bonds, etc in real time. it was just with fake money but the trading simulator itself was real time.

I deposited like $5k .. after a month or so my balance was up to like $80k. and that was after all the trading fees and occasional losses etc..
yes you can make money. however it just wasn't my cup of tea having to constantly follow a computer screen and graphs and analytics etc..

I have no clue about predicting futures. I would lose my ass quick if I tried. Want to learn though. I absorb info quick on subjects I am interested in. Rather, I quickly weed out the shit info and comprehend the bigger picture enough to half ass my way into looking like I know what I am doing.

The thing that interests me is all my family for generations never did anything like this. They just stayed in their safety box and are broke or died broke, living in the same broke ass area.

Its my duty to do better than that.

[almostgone]

Max how much you save (we shoot for 20%, which is tax deductible).

Find recommended financial planners and brokers, leave it to professionals.

Have a certain percentage in medium risk, another percent (increases as you approach retirement) in low risk.

Don’t freak during a recession and sell everything, instead buy as prices plummet. The market will come back, always has & you will bounce back better than before.

True as long as we don't get the gov't tinkering around with our 401ks/Roths IRAs, etc. If they won't fiddle with it it's only a loss on paper until you sell the investments. The market recovered well from 2008, but again the government doesn't need to tinker with it.
Some of the ideas I've heard Warren and Sanders imply in off the cuff comnents in regards to funding Social Security and universal healthcare make me very uncomfortable.

I've never had much luck with timing the market to buy stocks or increase contributions to funds. I'm a big fan of large cap, well established funds with low expense ratios, a few of the target date funds, Russell 1000 growth index, and S&P500 index funds. On the other hand, most of the last 20 years or so I was dealing with Vanguard or Fidelity, so I can't speak for the other investment groups out there.

LOL, I will file a disclaimer and say that is just this poor Southern man's point of view.

Eat Then Fuck?

No sir! Electronically traded funds.
Remember, you always ask the lady to fix you a sandwich after you do the deed. If you eat first, someone's bound to fart and just screw up everything.



Edit: I will add one more thing. If you get into precious metals, shop wisely. Sometimes it actually cheaper to buy say a US 1 oz. gold Eagle than a gold round or ingot from a private company. Even though gold and silver aren't in general circulation, they are still being minted and they can't charge you sales tax. I generally buy online or from a local mom and pop shop, buying direct from the mint is more expensive.

For some reason, silver is a little different and you can often buy 1oz. rounds from refiners or 1/4 kilo blocks like Geiger sells and come out ahead vs. the US 1oz. Silver Eagles.

If you're buying for numismatic purposes, like say an old gold double eagle, I don't think you are exempt from sales tax unless you're dealing with a private individual. That is something you would want to look into.

We just buy some when we can to stash back.. sometimes bit might be 1/10 oz.....other it might be a half oz. or more.

Also, only once did I buy the 1 oz. gold buffalo coin which is 24k gold. All of the other purchases have been 1 oz or less of the gold Eagles which are technically 22k gold. I just bought the 24k buffalo because the wife liked it. If you decided to sell 1 oz of 22k gold and 1 oz of 24k gold, you'll be hard pressed to find anyone to pay you more for the 1oz. of 24k gold vs. the 22k.

[almostgone]

One more thing that Prox and the others emphasized; education and diversification are extremely important.
Here's a couple of examples of what " highly regarded" individuals can do for you if you don't check them out.

https://amp.thestate.com/news/state/...e88357267.html

https://www.wistv.com/story/1533809/...ecurity-fraud/

[KINGKONG]

I bought a few thousand rounds of 45 acp ammo for 6$ a box of 50 a couple decades ago .. that was a good investment. what is it at now like 33$ a box of 50 . and what I like about that type of investment is that in the zombie apocalypse I can still use that shit.
how many investments will mean nothing and have no tangible value at some point . heck you'll be burning wads of cash in a fire to keep warm let alone what happened to your investment portfolio and stocks.

so thats kinda the type of investor I am now .. I have 100s of pounds of rice, vacuum sealed in bags and stored in air tight buckets. I've got thousands of $ worth of freeze dried food.. etc etc.. I've got thousands and thousands of rounds of ammo.

thats how I invest . in usable shit for any situation..


however having said that . years ago when I was a successful business man (and not in the fucking fitness industry) and my net worth was well over a million dollars ,, I had investments in multiple businesses, multiple houses and pieces of real estate, 401ks, stocks, etc..

guess what . that shits all gone. it also can't be taxed anymore .. yet I still have my thousands of rounds of ammo and my 100s of pounds of rice mother fuckers !!

The most important thing!!Money comes and goes but some food and bullets during the end is priceless!
I got make a t-shirt like that


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[Obs]

True as long as we don't get the gov't tinkering around with our 401ks/Roths IRAs, etc. If they won't fiddle with it it's only a loss on paper until you sell the investments. The market recovered well from 2008, but again the government doesn't need to tinker with it.
Some of the ideas I've heard Warren and Sanders imply in off the cuff comnents in regards to funding Social Security and universal healthcare make me very uncomfortable.

I've never had much luck with timing the market to buy stocks or increase contributions to funds. I'm a big fan of large cap, well established funds with low expense ratios, a few of the target date funds, Russell 1000 growth index, and S&P500 index funds. On the other hand, most of the last 20 years or so I was dealing with Vanguard or Fidelity, so I can't speak for the other investment groups out there.

LOL, I will file a disclaimer and say that is just this poor Southern man's point of view.




No sir! Electronically traded funds.
Remember, you always ask the lady to fix you a sandwich after you do the deed. If you eat first, someone's bound to fart and just screw up everything.



Edit: I will add one more thing. If you get into precious metals, shop wisely. Sometimes it actually cheaper to buy say a US 1 oz. gold Eagle than a gold round or ingot from a private company. Even though gold and silver aren't in general circulation, they are still being minted and they can't charge you sales tax. I generally buy online or from a local mom and pop shop, buying direct from the mint is more expensive.

For some reason, silver is a little different and you can often buy 1oz. rounds from refiners or 1/4 kilo blocks like Geiger sells and come out ahead vs. the US 1oz. Silver Eagles.

If you're buying for numismatic purposes, like say an old gold double eagle, I don't think you are exempt from sales tax unless you're dealing with a private individual. That is something you would want to look into.

We just buy some when we can to stash back.. sometimes bit might be 1/10 oz.....other it might be a half oz. or more.

Also, only once did I buy the 1 oz. gold buffalo coin which is 24k gold. All of the other purchases have been 1 oz or less of the gold Eagles which are technically 22k gold. I just bought the 24k buffalo because the wife liked it. If you decided to sell 1 oz of 22k gold and 1 oz of 24k gold, you'll be hard pressed to find anyone to pay you more for the 1oz. of 24k gold vs. the 22k.

I am on etrade which is slow as shit to recieve funds.

[almostgone]

I am on etrade which is slow as shit to recieve funds.

Once you get it funded and are setup with your trading platform, I think you'll enjoy it. Hope you make a ton!

[Obs]

Once you get it funded and are setup with your trading platform, I think you'll enjoy it. Hope you make a ton!

I hope I do too! And thanks for that advice and any more you have.

[Obs]

Well... I think I found a place to dump money into for a bit.

Their specialty maket is predicted to triple in the next 4-5 years.

They hit a big peak in march that fell off and they stabilized the rest of the year.
So I will keep adding in a good bit and wait for another spike/large contract.

Everything else I have found is a toss up but I intend on finding a few like this. Their market will expand its just a question of if they get a piece of the pie.

If I can get a few turning I am gonna start putting profit in more solid stocks or maybe an IRA.

Or possibly continue finding more.

Set to pull at $6...

Attachment 178006
Attachment 178007

[Obs]

Anyway... Something else to do with my extra time and a few bucks.Attachment 178008

I will catch them on a high trend.
Hope it stays low for a bit so I can get some real money in there.

[Obs]

No way investors would jump on board like in their past but ya never know lol

Attachment 178009

[almostgone]

I'm keeping an eye on your thread, Obs. Looks like you put some diligent research into your prospective investment.

What are you using as your guidelines when you research potential penny/ micro cap stocks?

[Obs]

I'm keeping an eye on your thread, Obs. Looks like you put some diligent research into your prospective investment.

What are you using as your guidelines when you research potential penny/ micro cap stocks?

Stability over time.
Its damn hard to find a stock that stable over years in a market predicted to quadruple in the next few years. Eventually it will hit my $6 and I can pull out and wait for it to settle or invest in a better one.

I may be wrong but of everything I looked at that one makes the most sense. Its steady as ever with a long history, a lower end buy in, with a history of peaks.

God knows if it blew up like in 2000 I would have long pulled out. Odds of great profit are low but odds of triple are likely.

I wont miss the money and unlike other cheapo stocks... Its not that volatile.

Fill or kill wont do. I already determined a fast buy in and sell out wont work. This is the best moderate time/investment stategy I have found yet.

[Obs]

Also... From my best understanding... You best be up at 4am and selling out by 1030 eastern time if you have any chance on cheap stocks and day trade.

You best be watching the world report and have a good feel of polotics before you cast your vote.