Ericthecmh Posted November 6, 2015 Posted November 6, 2015 I'd just like to say that even though I somehow managed to convince @Czar to invest in the stock market, that I AM NOT RESPONSIBLE IF HE LOSES HALF HIS BANK. That is all, carry on. 6
Okabe Posted November 6, 2015 Posted November 6, 2015 I'd just like to say that even though I managed to convince Noah to invest in Bitcoin, that I AM NOT RESPONSIBLE IF HE LOSES HIS MONEY. That is all. 3
nyan Posted November 6, 2015 Posted November 6, 2015 (edited) To do well in stocks you normally have to invest a decent amount of time throughout the day into stocks. That time gradually increases normally and eventually, if you're doing well that is, you end up spending all of your time and money on stocks. Then you fall in love with the companies you have stocks in, fail to diversify, run out of patience and panic sell, just to realize a moment later that you shouldn't have, and then you lose half your bank. but before all that happens, you lose half your bank because you didn't have enough capital to start with and you got fucked by all the commission rates, transaction costs and good ol' taxes in general. I recommend at least 10k capital before even considering stocks. Just my person opinion though edit: I know this probably has nothing to do with the OP but I've seen too many people get fucked by stocks, I'd feel bad if I didn't say anything. Edited November 6, 2015 by Shiny 3
Ericthecmh Posted November 6, 2015 Author Posted November 6, 2015 To do well in stocks you normally have to invest a decent amount of time throughout the day into stocks. That time gradually increases normally and eventually, if you're doing well that is, you end up spending all of your time and money on stocks. Then you fall in love with the companies you have stocks in, fail to diversify, run out of patience and panic sell, just to realize a moment later that you shouldn't have, and then you lose half your bank. but before all that happens, you lose half your bank because you didn't have enough capital to start with and you got fucked by all the commission rates, transaction costs and good ol' taxes in general. I recommend at least 10k capital before even considering stocks. Just my person opinion though edit: I know this probably has nothing to do with the OP but I've seen too many people get fucked by stocks, I'd feel bad if I didn't say anything. Actually that was amazingly well written. Also Robinhood doesn't have commissions so you don't really need a minimum with them to invest, but yeah, you're pretty much correct.
LoudPacks Posted November 6, 2015 Posted November 6, 2015 I've been using robinhood for a while now as well. Awesome app. 1
Ericthecmh Posted November 7, 2015 Author Posted November 7, 2015 I've been using robinhood for a while now as well. Awesome app. It really is, isn't it? I've made almost 10% profit in the past month (granted the entire market went up 8% lol...) 2
Administrator Maldesto Posted November 7, 2015 Administrator Posted November 7, 2015 hashahahahahksdfjgalfkdsgjlkshk invest all your money into myspace, i see a comeback 2020. 6
Legacy614 Posted January 7, 2016 Posted January 7, 2016 hashahahahahksdfjgalfkdsgjlkshk invest all your money into myspace, i see a comeback 2020. That was an insiders' secret.
Rocket Posted January 7, 2016 Posted January 7, 2016 Feel sorry for all the blindless sheep that have been holding onto Apple since $130's, now almost under $100
