Originally Posted by jdubya:
The thread title is a catchall for all investing isnt it?
Personal finance and investing megathread extravaganza
I figure that includes anything and everything from stocks, futures, gold, real estate, etc...
It is. However, the initial intent was to be a place to actually discuss and educate people on best practices. It's increasingly drifted toward /r/wallstreetbets, which is bordering on gambling.
Penny stocks aren't exactly core to a strategy that is likely to work out for people long-term. [Reply]
Originally Posted by DaFace:
It is. However, the initial intent was to be a place to actually discuss and educate people on best practices. It's increasingly drifted toward /r/wallstreetbets, which is bordering on gambling.
Penny stocks aren't exactly core to a strategy that is likely to work out for people long-term.
Gotcha.....I think with SIP going on right now some of us are just trying to pass the time. I have my retirement investments in mutual funds and real estate but since C19 and SIP I signed on to an Etrade account and began dabbing in the low cost stocks just more for fun and time consumption than for anything else. I`m not using money I cant afford to lose but am actually doing quite well using some tips here and in a couple other forums I nose around in. Just having fun. [Reply]
Originally Posted by BigBeauford:
MMM has an expected dividend date of 5/21. I don't believe they have missed a payment in 60 odd years.
They aren’t as financially strong during this as expected. I’ll try to find good summary later. I bought shares at $131 on the recent dip and sold today at $150. I was on the fence but I’m going more cash currently for better buying opportunities coming....Maybe. [Reply]
Originally Posted by lewdog:
They aren’t as financially strong during this as expected. I’ll try to find good summary later. I bought shares at $131 on the recent dip and sold today at $150. I was on the fence but I’m going more cash currently for better buying opportunities coming....Maybe.
Yeah, they had a nice rise since March 23 like a few other stocks did, I don't understand how they aren't taking off like crazy in this environment. Seems 150 has been the ceiling for a couple weeks. [Reply]
I started a small position in TLT. I use it as a hedge type move to lessen losses in a decline without having to buy an inverse fund and get totally fucked (have before-oops). [Reply]
Originally Posted by lewdog:
I started a small position in TLT. I use it as a hedge type move to lessen losses in a decline without having to buy an inverse fund and get totally ****ed (have before-oops).
Can you type that in Catonese/arabic? Id understand it just as well lol.
This is why I dont do any serious investing by myself lol [Reply]
Originally Posted by jdubya:
Can you type that in Catonese/arabic? Id understand it just as well lol.
This is why I dont do any serious investing by myself lol
Really anyone can learn basic investing. People just always seem to busy to learn about how to manage money. I have a Master’s degree but have never taken a single business course. I just wanted to learn how to manage money so I self taught just reading articles and a few books. I firmly believe all college graduates should have to take a finances course and much of the basics should be taught in high school. [Reply]
Originally Posted by lewdog:
Really anyone can learn basic investing. People just always seem to busy to learn about how to manage money. I have a Master’s degree but have never taken a single business course. I just wanted to learn how to manage money so I self taught just reading articles and a few books. I firmly believe all college graduates should have to take a finances course and much of the basics should be taught in high school.
Yeah, it’s remarkable how little a majority of the population knows.
We had this dude working for us. Comes wants a job. So much an hour fine. Always seems to have something to do. Needs to come late. Wants to leave early always has shit to do. So naturally he broke. All the time. Zomg how am I going to make rent blah blah blah. Dude if I were broke and hourly you couldn’t drag me out of that farm with a log chain. Nope. Gotta do this gotta do that.
Then later on he’s plying me for a raise. Which I’m not going to give him because he doesn’t work enough. Anyway he’s whining to me that he doesn’t have any retirement and his dad took retirement at 58 or whatever the soonest he could take (prorated) social security. So his dad is starving to death on prorated social security and doesn’t have a 401k or anything like that. And he doesn’t want to be that way. Wants to do better blah blah blah. His narrative was that he’s this great employee and deserves better. He wasn’t and didn’t, but that doesn’t matter to the story.
So I ask him if he has an IRA. What’s that? Jesus man. A 20 minute google search on “retirement” and you can probably know enough to get a retirement fund started anyway. But all I get is a blank look. So I told him to bring me all his information and I’d help him get one started.
Guess what he never did. Start a retirement fund. But somehow it’s my fault that his dad is a flaming moron and took social security as early as he possibly could and had no other savings. And he’s unwilling to do anything to prevent it from happening to him.
He left and it’s fine. He was obviously not operating in good faith, so I’m fine with it.
But he was obviously worried about it, but totally unwilling to do anything to even try to figure out what to do. Just expect Buehler to fix it. [Reply]
Originally Posted by Buehler445:
Yeah, it’s remarkable how little a majority of the population knows.
We had this dude working for us. Comes wants a job. So much an hour fine. Always seems to have something to do. Needs to come late. Wants to leave early always has shit to do. So naturally he broke. All the time. Zomg how am I going to make rent blah blah blah. Dude if I were broke and hourly you couldn’t drag me out of that farm with a log chain. Nope. Gotta do this gotta do that.
Then later on he’s plying me for a raise. Which I’m not going to give him because he doesn’t work enough. Anyway he’s whining to me that he doesn’t have any retirement and his dad took retirement at 58 or whatever the soonest he could take (prorated) social security. So his dad is starving to death on prorated social security and doesn’t have a 401k or anything like that. And he doesn’t want to be that way. Wants to do better blah blah blah. His narrative was that he’s this great employee and deserves better. He wasn’t and didn’t, but that doesn’t matter to the story.
So I ask him if he has an IRA. What’s that? Jesus man. A 20 minute google search on “retirement” and you can probably know enough to get a retirement fund started anyway. But all I get is a blank look. So I told him to bring me all his information and I’d help him get one started.
Guess what he never did. Start a retirement fund. But somehow it’s my fault that his dad is a flaming moron and took social security as early as he possibly could and had no other savings. And he’s unwilling to do anything to prevent it from happening to him.
He left and it’s fine. He was obviously not operating in good faith, so I’m fine with it.
But he was obviously worried about it, but totally unwilling to do anything to even try to figure out what to do. Just expect Buehler to fix it.
I'm really curious what causes a person to go the grasshopper route or the ant route on finances. Handling your money poorly causes so much stress and so many problems, and yet some people seem to be completely unwilling to learn. It's not even that hard to learn the basics, but I see people making terrible financial decisions all the time. [Reply]
Originally Posted by Rain Man:
I'm really curious what causes a person to go the grasshopper route or the ant route on finances. Handling your money poorly causes so much stress and so many problems, and yet some people seem to be completely unwilling to learn. It's not even that hard to learn the basics, but I see people making terrible financial decisions all the time.
Literally every member of my immediate family is the type to spend money like it's going to rot.
I don't have any insight into their inner thoughts, but I have to assume they just get used to the struggle over time. "If they knew better, they'd do better" kind of thing. [Reply]