New To Investing Thread

[mocat]

there are some that will give you one for free if you just drive it to Alaska for them. Not like to keep, but to do that drive to Alaska and make a trip out of it. Gotta get yourself home.

how long do you get to enjoy the trip?  give me a name, i'd do the eff out of that.

Yes 100% yes

[Stupid Fitz]

I have a vague business relationship with basically every national RV rental company. There are some that specialize in basically nothing but German tourists who come over for like 2 month stretches and drive around the country. Also there are some that will give you one for free if you just drive it to Alaska for them. Not like to keep, but to do that drive to Alaska and make a trip out of it. Gotta get yourself home. It’s a wild deal. I would not do it but some people lose their mind for it. Also it’s obviously been a banner year for RV rentals.


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I can't take the kids to Costco with me without them fighting in the car and me losing my mind. We wouldn't need to find out how to make it back from Alaska and the place would find their RV at the bottom of a cliff somewhere.

[steve dave]

there are some that will give you one for free if you just drive it to Alaska for them. Not like to keep, but to do that drive to Alaska and make a trip out of it. Gotta get yourself home.

how long do you get to enjoy the trip?  give me a name, i'd do the eff out of that.

Yes 100% yes

Sorry, free is not for the public apparently. But cheap AF. There’s another outfit out of IA that does it but aren’t offering it right now.

https://www.greatalaskanholidays.com/alaska-rv-rentals/specials/spring-adventure-package/


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[Fedor]

there are some that will give you one for free if you just drive it to Alaska for them. Not like to keep, but to do that drive to Alaska and make a trip out of it. Gotta get yourself home.

how long do you get to enjoy the trip?  give me a name, i'd do the eff out of that.

Yes 100% yes

I am in as well.  Also already living the RV life and I freaking love it.

[DaBigTrain]

Snatched up some $COIN waited and got it below the opening price after it pumped hard and then dumped hard 

[DaBigTrain]

[steve dave]

[chum1]

I launched an "algo trading" program this morning. In the first hour, I spent like $120 on commission to make $17 in profit. Lol.

I just pulled the plug. My plan was to give it six months live and then reevaluate. At this point, I don't think it will be worth the effort to continue developing it further.

New get rich plan is to get a second remote job and dump all income from it into investment funds.

[KITNfury]

I launched an "algo trading" program this morning. In the first hour, I spent like $120 on commission to make $17 in profit. Lol.

I just pulled the plug. My plan was to give it six months live and then reevaluate. At this point, I don't think it will be worth the effort to continue developing it further.

New get rich plan is to get a second remote job and dump all income from it into investment funds.

If you want to accelerate normal investing - and by normal I mean stock type investing - visit the real estate investing thread. Most people spend 25-33% of their income on housing. If you can get a 1-4 unit building and either rent out rooms or other units, you'll likely reduce your living expenses by at least half of not make your housing free. That's essentially like giving yourself a 15-30% raise that you could otherwise spend on investments.

[steve dave]

KITNfury, your zeal for real estate and property management has me pretty worried your going to try to sell me a "plan" soon. irl love the passion though.

[KITNfury]

KITNfury, your zeal for real estate and property management has me pretty worried your going to try to sell me a "plan" soon. irl love the passion though.

Yea, sometimes I wonder if I come off as preachy. I don't talk about it too much irl, except to the wife. Probably drives her nuts.

But anyway if someone is talking about working more to make more money, I can't help it. There's an easier way.

[Kat Kid]

I honestly don’t personally have any interest in managing tenants or properties. I am much happier managing stocks and crypto.

[KITNfury]

I honestly don’t personally have any interest in managing tenants or properties. I am much happier managing stocks and crypto.

I don't have much interest either, so I don't do much of it. I self manage some, but they are nicer properties with good tenants, so not many issues that I deal with. The rest are handled by a property manager. The best part for me is monthly income. Crypto or whatever typically means you lose equity if you get income. Property gives you income while you gain equity.

I do understand why people prefer crypto or other stocks. You just tap your phone to buy or sell.

[steve dave]

I launched an "algo trading" program this morning. In the first hour, I spent like $120 on commission to make $17 in profit. Lol.

I just pulled the plug. My plan was to give it six months live and then reevaluate. At this point, I don't think it will be worth the effort to continue developing it further.

New get rich plan is to get a second remote job and dump all income from it into investment funds.

out of curiosity what are you doing where you are paying commissions?

[Fedor]

I launched an "algo trading" program this morning. In the first hour, I spent like $120 on commission to make $17 in profit. Lol.

I just pulled the plug. My plan was to give it six months live and then reevaluate. At this point, I don't think it will be worth the effort to continue developing it further.

New get rich plan is to get a second remote job and dump all income from it into investment funds.

I had the same question, there are plenty of places w/ free trading. 

out of curiosity what are you doing where you are paying commissions?

[chum1]

out of curiosity what are you doing where you are paying commissions?

Had to in order to use the broker's programming interface. It was all automated.

I had the "PRO" Interactive Brokers account. The ticker updated in microseconds or whatever and it was WILD. You could sit there and watch 40% price jumps that lasted less than a second. Stuff you never see on an ordinary ticker. That stuff always looked shady whether or not it actually was. Pretty cool!

[ben ji]

I know it did not work out the way you wanted but I respect the crap out of your attempt. You miss 100% of the shots you don't take.

[steve dave]

I know it did not work out the way you wanted but I respect the crap out of your attempt. You miss 100% of the shots you don't take.

Yes, agree here


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[chum1]

It was fun. Same thing we're all doing here in this thread.

Part of the deal with this stuff is that no one who is really successful at it is going to share their strategy. So, in order to know if something will work, you just have to try it.

[steve dave]

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.

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[WillieWatanabe]

bought this book earlier this year. highly recommend.

[steve dave]

JOE! THIS IS NOT THE WAY! 

[ben ji]

Just gotta put some more fuel in the rocketship before we get to the moon.



https://awealthofcommonsense.com/2021/04/what-happens-after-the-stock-market-is-up-big/

[steve dave]

You shouldn’t think of your home as an investment but congrats to everyone who owns one




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[sys]

what's the annual cycle there - house prices reliably peak in like may or so?