Author Topic: New To Investing Thread  (Read 167019 times)

0 Members and 1 Guest are viewing this topic.

Offline Kat Kid

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 18010
    • View Profile
Re: New To Investing Thread
« Reply #3775 on: April 02, 2021, 08:00:57 AM »
actually, scratch that, my main thing is marrying up.
We both like investing
we both married up
we both love the Cats
you have multiple brothers that look nothing like you

3 similarities and just one difference
@bentren

Offline memphis

  • Katpak'r
  • ***
  • Posts: 2746
    • View Profile
Re: New To Investing Thread
« Reply #3776 on: April 05, 2021, 07:51:35 PM »
Quote
That commitment to inertia worries the Bernstein analysts, who point out that in a world with exclusively passive investors, capital will get allocated only to the big companies and not necessarily to good, promising, or efficient companies. A gravitational, big-getting-bigger effect would dominate stock-price movements. At least in a Soviet-type centrally planned economy, apparatchiks would be making some attempt to allocate resources efficiently.

https://www.theatlantic.com/ideas/archive/2021/04/the-autopilot-economy/618497/

Offline Kat Kid

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 18010
    • View Profile
Re: New To Investing Thread
« Reply #3777 on: April 05, 2021, 08:05:53 PM »
That dumb theory got disproved by cathie wood, robinhood, wall st bets etc
@bentren

Offline sys

  • Contributor
  • Pak'r Élitaire
  • *****
  • Posts: 36986
  • your reputation will never recover, nor should it.
    • View Profile
Re: New To Investing Thread
« Reply #3778 on: April 05, 2021, 08:58:18 PM »
gamestop finally cashes in.  congratulations to all the longs.

"a lot of political rhetoric is picking a slice of "elites" and positioning yourselves against them."

Offline memphis

  • Katpak'r
  • ***
  • Posts: 2746
    • View Profile
Re: New To Investing Thread
« Reply #3779 on: April 06, 2021, 01:27:18 PM »
Wonder what gamestop end up doing with it.

Offline DaBigTrain

  • Pak'r Élitaire
  • ****
  • Posts: 7916
  • stuxnet, meltdown, spectre, Bitcoin, ffChamp
    • View Profile
Re: New To Investing Thread
« Reply #3780 on: April 06, 2021, 08:27:31 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

https://blockstream.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Offline wetwillie

  • Pak'r Élitaire
  • ****
  • Posts: 23532
    • View Profile
Re: New To Investing Thread
« Reply #3781 on: April 06, 2021, 10:58:58 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:

You ever try to buy shares privately?   EquityZen is one of the more popular ones.
When the bullets are flying, that's when I'm at my best

Offline DaBigTrain

  • Pak'r Élitaire
  • ****
  • Posts: 7916
  • stuxnet, meltdown, spectre, Bitcoin, ffChamp
    • View Profile
Re: New To Investing Thread
« Reply #3782 on: April 06, 2021, 11:37:17 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:

You ever try to buy shares privately?   EquityZen is one of the more popular ones.
I haven’t but I will look into it. I’ve got some money that is just itching to invest in this thing.   
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

https://blockstream.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Offline wetwillie

  • Pak'r Élitaire
  • ****
  • Posts: 23532
    • View Profile
Re: New To Investing Thread
« Reply #3783 on: April 06, 2021, 11:43:11 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:

You ever try to buy shares privately?   EquityZen is one of the more popular ones.
I haven’t but I will look into it. I’ve got some money that is just itching to invest in this thing.   

I’m making some assumptions that you qualify to be an accredited investor, that is what keeps most people from being able to purchase private shares on these sites.  If you can manage to get those shares pre public offering I think as you said it will be very profitable.
When the bullets are flying, that's when I'm at my best

Offline steve dave

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 76357
  • Romantic Fist Attachment
    • View Profile
Re: New To Investing Thread
« Reply #3784 on: April 08, 2021, 07:21:26 PM »
I think the Buffett example maybe wasn't the best illustration of compounding because it sort of comes off like, "see how much money you can have while you're on your deathbed!" WGAF.

And I think the really old, sick person angle applies even before you're really old and sick. Like, I used to dream of traveling the entire world and doing all kinds of crap. But the older I get, the more I'm like, "meh, whatever." I expect this trend to continue and by the time I'm retirement age I'll be fully content watching the birds in my back yard, which is incredibly inexpensive.



Sent from my iPhone using Tapatalk

Offline sys

  • Contributor
  • Pak'r Élitaire
  • *****
  • Posts: 36986
  • your reputation will never recover, nor should it.
    • View Profile
Re: New To Investing Thread
« Reply #3785 on: April 08, 2021, 07:27:38 PM »
I expect this trend to continue and by the time I'm retirement age I'll be fully content watching the birds in my back yard.

my father exhibits this trend and it's super frustrating.  every year it's like "hey dad, maybe we should all get together somewhere.  you pick the country."  and he's like "mph, mmm, mph, why don't you all just come to manhattan?"
"a lot of political rhetoric is picking a slice of "elites" and positioning yourselves against them."

Offline Spracne

  • Point Plank'r
  • Pak'r Élitaire
  • *
  • Posts: 12973
  • Distinguished Scholar/Gentleman
    • View Profile
Re: New To Investing Thread
« Reply #3786 on: April 08, 2021, 07:38:54 PM »
I expect this trend to continue and by the time I'm retirement age I'll be fully content watching the birds in my back yard.

my father exhibits this trend and it's super frustrating.  every year it's like "hey dad, maybe we should all get together somewhere.  you pick the country."  and he's like "mph, mmm, mph, why don't you all just come to manhattan?"

Yes. The natural progression should be: world travel when young and bon vivant > recreational drugs > bird watching > palliative care drugs > sweet death.

Offline catastrophe

  • Pak'r Élitaire
  • ****
  • Posts: 11149
    • View Profile
Re: New To Investing Thread
« Reply #3787 on: April 08, 2021, 07:50:50 PM »
Or perhaps old people in their wisdom just realized how futile it is to travel the world in the hopes of finding happiness.

Offline steve dave

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 76357
  • Romantic Fist Attachment
    • View Profile
Re: New To Investing Thread
« Reply #3788 on: April 08, 2021, 08:04:36 PM »
I’ve been happy AF when I’ve travelled the world. Also at Disney World. And at home, actually. Variety = spice or whatever!


Sent from my iPhone using Tapatalk

Offline chum1

  • Pak'r Élitaire
  • ****
  • Posts: 19221
  • Gucci Mane Book Reader
    • View Profile
Re: New To Investing Thread
« Reply #3789 on: April 08, 2021, 08:05:05 PM »
After my dad retired, I said something like, "you could get an RV and go explore The West or something" He looked at me, was like "Ha No", and sounded more certain than he ever had about anything else in his entire life.

Offline steve dave

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 76357
  • Romantic Fist Attachment
    • View Profile
Re: New To Investing Thread
« Reply #3790 on: April 08, 2021, 08:35:06 PM »
I think there's probably something to being able to pull it off for the very first time v. you can literally do it every single day if you wanted to.

Offline Kat Kid

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 18010
    • View Profile
Re: New To Investing Thread
« Reply #3791 on: April 09, 2021, 06:14:47 PM »
I would probably like to travel in retirement but also, I can’t imagine anything worse than renting an RC and traveling the west.
@bentren

Offline Spracne

  • Point Plank'r
  • Pak'r Élitaire
  • *
  • Posts: 12973
  • Distinguished Scholar/Gentleman
    • View Profile
Re: New To Investing Thread
« Reply #3792 on: April 09, 2021, 06:22:28 PM »
I would probably like to travel in retirement but also, I can’t imagine anything worse than renting an RC and traveling the west.

Owning an RV would be worse.

Offline KITNfury

  • Pak'r Élitaire
  • ****
  • Posts: 6350
  • Eat My Ass Whole
    • View Profile
Re: New To Investing Thread
« Reply #3793 on: April 09, 2021, 06:25:14 PM »
My wife and I are seriously thinking about taking an extended motorhome trip sometime next year. Undecided though.
I once blew clove smoke in a guy's face that cut in front of me in the line to KJ's.

Offline catastrophe

  • Pak'r Élitaire
  • ****
  • Posts: 11149
    • View Profile
Re: New To Investing Thread
« Reply #3794 on: April 09, 2021, 06:38:01 PM »
Yeah to each their own. I do think it’s common for young people to save up with the mistaken assumption they’ll have the same desire to travel when they’re older. I also think it’s pretty rare for an older person to wish they traveled a lot when they never did much traveling before. So whatever floats your RV.

Offline steve dave

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 76357
  • Romantic Fist Attachment
    • View Profile
Re: New To Investing Thread
« Reply #3795 on: April 09, 2021, 07:19:29 PM »
I do think it’s common for young people to save up with the mistaken assumption they’ll have the same desire to travel when they’re older. I also think it’s pretty rare for an older person to wish they traveled a lot when they never did much traveling before.




Sent from my iPhone using Tapatalk

Offline wetwillie

  • Pak'r Élitaire
  • ****
  • Posts: 23532
    • View Profile
Re: New To Investing Thread
« Reply #3796 on: April 09, 2021, 07:24:15 PM »
Driving in a car and staying in a hotel seems quite a bit more appealing.
When the bullets are flying, that's when I'm at my best

Offline Phil Titola

  • Pak'r Élitaire
  • ****
  • Posts: 13272
  • He took it out!
    • View Profile
Re: New To Investing Thread
« Reply #3797 on: April 10, 2021, 08:48:36 AM »
RV seems lux compared to these new transit van life people.

Both are insane. Stay in hotels weirdos.

Offline michigancat

  • Contributor
  • Pak'r Élitaire
  • *****
  • Posts: 46944
  • change your stupid avatar.
    • View Profile
Re: New To Investing Thread
« Reply #3798 on: April 10, 2021, 08:53:23 AM »
I think part of the appeal of RVs or vans is to stay in places where there aren't hotels

Offline Phil Titola

  • Pak'r Élitaire
  • ****
  • Posts: 13272
  • He took it out!
    • View Profile
Re: New To Investing Thread
« Reply #3799 on: April 10, 2021, 09:00:31 AM »
I think part of the appeal of RVs or vans is to stay in places where there aren't hotels

Also weirdo to me but I'm not a nature guy. Crapping in a pot after I saved up my whole life to see dawn break over a mountain?