VanillaGorilla
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One thing I have never gotten is how you can just buy and sell stocks whenever you want. When you finally sell this stock, who buys it? Does the company buy it back or something? What's the deal?
(meh, sold it... sorry guys) Mooky's Stock tip for the Day. Take-Two Stock up 60%
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GuilewasNK
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[quote name='jaykrue']I'm surprised you're only seeing this now. 
I've just about reposted it in every investing thread that crops up.
[/quote]
I'm an idiot when it comes to investing. My knowledge is limited to my 401K and that's it.
I've just about reposted it in every investing thread that crops up.[/quote]I'm an idiot when it comes to investing. My knowledge is limited to my 401K and that's it.
unforeseen
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What about your stock losses?
Can't win them all.
I invested in Apple when it was $14 a few years ago...regret for not selling at $190-$198.
Could of made a cool 270K...but that is not even half of a house in OC, CA.
I'll wait until they release something else that will drive the nerds, err...consumers crazy and drive up the stock price again.
Can't win them all.
I invested in Apple when it was $14 a few years ago...regret for not selling at $190-$198.
Could of made a cool 270K...but that is not even half of a house in OC, CA.
I'll wait until they release something else that will drive the nerds, err...consumers crazy and drive up the stock price again.
[quote name='GuilewasNK']I'm an idiot when it comes to investing. My knowledge is limited to my 401K and that's it.[/quote]
Hmmm, that's pretty bad. Even 401Ks can get pretty hammered if whoever's watching it for you isn't careful or mindful. I know one of my mom's coworker's 401k got fried hard when Bear Stearns got pummeled.
It would definitely be in your best interests to learn all you can about investing as well as knowing when to invest. For example, although residential real estate is in the shithole right now, rental properties are becoming more expensive since more & more people are choosing to rent in the wake of the subprime mess. Thus, as I was doing for the past 6 months, I've been buying as much rental property as I can since I know I will make money on day one after closing, especially since many of them are becoming condo conversions which aren't that bad but you relinquish a lot of control and that's one thing I really dislike losing - control.
Also, w/ some investing knowledge, you would've been able to analyze the fact that the subprime mess will have a global impact and adapted correspondingly. In this particular case, take anything in dollars & move it to assets that have stable value such as commodities like gold & silver or other currencies such as the euro (although I personally think the euro could follow the US dollar).
I remember you saying you have a pretty shit job right now so that should be a great motivator in getting yourself out of that rut. The intelligent investor doesn't care whether there's a bull or bear market. He'll develop money-making assets in any environment. Good luck, dude.
Hmmm, that's pretty bad. Even 401Ks can get pretty hammered if whoever's watching it for you isn't careful or mindful. I know one of my mom's coworker's 401k got fried hard when Bear Stearns got pummeled.
It would definitely be in your best interests to learn all you can about investing as well as knowing when to invest. For example, although residential real estate is in the shithole right now, rental properties are becoming more expensive since more & more people are choosing to rent in the wake of the subprime mess. Thus, as I was doing for the past 6 months, I've been buying as much rental property as I can since I know I will make money on day one after closing, especially since many of them are becoming condo conversions which aren't that bad but you relinquish a lot of control and that's one thing I really dislike losing - control.
Also, w/ some investing knowledge, you would've been able to analyze the fact that the subprime mess will have a global impact and adapted correspondingly. In this particular case, take anything in dollars & move it to assets that have stable value such as commodities like gold & silver or other currencies such as the euro (although I personally think the euro could follow the US dollar).
I remember you saying you have a pretty shit job right now so that should be a great motivator in getting yourself out of that rut. The intelligent investor doesn't care whether there's a bull or bear market. He'll develop money-making assets in any environment. Good luck, dude.
[quote name='VanillaGorilla']One thing I have never gotten is how you can just buy and sell stocks whenever you want. When you finally sell this stock, who buys it? Does the company buy it back or something? What's the deal?[/QUOTE]
Stock markets employ what are called market makers. Their job basically is to provide liquidity in the market. That means they will buy when everyone else is selling and vice versa. Sure, they may get screwed during panics but you can be sure they make lots of money off every transaction during normal operations. These are the people who make sure there is a market for you to trade in. They can do a lot of stuff the average (and even institutional) investors can't. Obligatory wikipedia link http://en.wikipedia.org/wiki/Market_makers
Stock markets employ what are called market makers. Their job basically is to provide liquidity in the market. That means they will buy when everyone else is selling and vice versa. Sure, they may get screwed during panics but you can be sure they make lots of money off every transaction during normal operations. These are the people who make sure there is a market for you to trade in. They can do a lot of stuff the average (and even institutional) investors can't. Obligatory wikipedia link http://en.wikipedia.org/wiki/Market_makers
bread's done