Author Topic: New To Investing Thread  (Read 327127 times)

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Offline catastrophe

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Re: New To Investing Thread
« Reply #2025 on: July 24, 2018, 10:08:42 PM »
Fellow normies: recently discovered (although already suspected) that retirement accounts like IRAs and 401(k)s receive special protection from collectors.  In Texas, even if someone wins a lawsuit against you they typically cannot touch retirement accounts or 529 plans!  I assume most other states are similar but figure that out on your own.

Offline DaBigTrain

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Re: New To Investing Thread
« Reply #2026 on: August 06, 2018, 08:41:58 PM »
I started developing with Twilio integration late last year and bought in with some crypto profits TBT helped guide me to make.  Seems to be working out.

https://techcrunch.com/2018/08/06/twilio-came-ahead-of-expectations-and-the-stock-is-going-nuts/
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Offline ben ji

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Re: New To Investing Thread
« Reply #2027 on: August 15, 2018, 11:17:30 AM »
NVDA just got the kiss of death from my dad, his last tip was to buy Bitcoin in November. Sell now if you have some

Hi ben ji,


NVDA announces earnings Thursday after market close.  My buy price is $238.


I will look for a run up, topping (peak), then sell looking for a re-buy in at a lower price.


There were two exciting articles today - one about their new "touring" based AI chip technology (replacing their Pascal based chip technology).  Another was an analyst professing a 40% upside potential.  


Their automated vehicle work is a few years away for income impact, but the AI technology business is picking up nicely.  Gaming remains their big bread winner.


They are a good stock to follow.  PE is about 49.  An interesting counter is MU which has a PE of 5 and is also a chip maker.


That says something about the potential investors have in NVDA.


Dad


Offline ben ji

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Re: New To Investing Thread
« Reply #2028 on: August 29, 2018, 09:32:25 AM »
Pro-Tip: IF YOUR PARENTS ARE RETIRED TALK TO THEM ABOUT THEIR INVESTMENTS SO THEY DONT FALL FOR SCAMS LIKE THIS

https://www.kansascity.com/news/business/article217071995.html

Quote
Like many others, Sohraby met Matt Walker at a free dinner last winter. The investment adviser pitched his services before his audience as Sohraby and about two dozen others ate.

The topic that night was annuities from insurance giant Allianz. Those memorandums of indebtedness from 1st Global Capital didn’t come up until later, when Sohraby met Walker in the Overland Park offices of Pinnacle Plus Financial.

These were short-term deals that were supposed to pay back Sohraby with interest at the end of nine months. Sohraby signed and his memorandum of indebtedness was due to pay off Aug. 8 — about a week after 1st Global Capital entered bankruptcy proceedings and froze thousands of accounts, including his.

Because guess what? Ole Ben Ji's MOTHER (NOT MY DAD) decided to invest in this scam a couple of years ago. I've given up on trying to help my dad and his penny stock addiction but I expected better from my Mom who was the DIRECTOR OF ACCOUNTING for a hospital before she retired. 

She originally invested in it about 2 years ago and told me about it after she had already committed the money. I immediately told her it was a scam and the money was gone. She disagreed but I convinced her to try and withdraw her money after the 9 month contract was up instead of rolling it over.

Well 9 months go by and she tries to get her money back with the interest but can't, all sorts of issues etc etc. She eventually got some of her initial invest back before they declared bankruptcy but never got back to whole. Luckily the amount she invested was in the low 5 figures and was not a significant part of her portfolio...In her defense she said "I didn't invest more than I was prepared to lose" which I understand.

TL:DR - TALK TO YOUR RETIRED PARENTS ABOUT WHAT THEY ARE INVESTED IN SO THEY DONT FALL FOR SCAMS LIKE THIS.

Offline sys

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Re: New To Investing Thread
« Reply #2029 on: August 29, 2018, 03:20:10 PM »
that sucks, benji.  out of curiosity, do you know what sort of interest rate they were promising?
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Offline ben ji

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Re: New To Investing Thread
« Reply #2030 on: August 30, 2018, 12:34:28 PM »
that sucks, benji.  out of curiosity, do you know what sort of interest rate they were promising?
I read the paperwork my mom had but can't recall off the top of my head. It was nothing too ridiculous and depended on how much of the loan to the various businesses were collected on, maybe 6-12% or so.

The part that stood out as a scam for me was that they were initially pitched the idea after attending a group presentation on how best practices for collecting SS.

That and the fact that I love watching American Greed on CNBC and this "Investment" had all the markings of a pyramid scheme.




Offline Kat Kid

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Re: New To Investing Thread
« Reply #2031 on: August 30, 2018, 12:37:33 PM »
My mom is being scammed by an interior decorator that has her repaint/re upholster/re-wallpaper/re-decorate at least 1-2 rooms a year. Any tips?

Online steve dave

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Re: New To Investing Thread
« Reply #2032 on: August 30, 2018, 04:07:40 PM »
Tell her to eff off


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Offline Kat Kid

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Re: New To Investing Thread
« Reply #2033 on: August 30, 2018, 10:16:59 PM »
Tell her to eff off


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My mom or the interior designer?

Online steve dave

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Re: New To Investing Thread
« Reply #2034 on: August 31, 2018, 12:22:56 AM »
Tell her to eff off


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My mom or the interior designer?

My goodness


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Offline Kat Kid

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Re: New To Investing Thread
« Reply #2035 on: August 31, 2018, 07:35:18 AM »
Tell her to eff off


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My mom or the interior designer?

My goodness


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Well the interior designer is a man and I wanted to know if I needed to tell you to line your family up in front of Ernie Barrett.

Offline ChiComCat

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Re: New To Investing Thread
« Reply #2036 on: August 31, 2018, 07:59:20 AM »
Is it possible your mom realizes it is a scam but it is something that she kind of enjoys?

Offline Kat Kid

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Re: New To Investing Thread
« Reply #2037 on: August 31, 2018, 08:03:49 AM »
Is it possible your mom realizes it is a scam but it is something that she kind of enjoys?

I think this is probably it.  I am being kind of semi-serious here, but I do worry because my grandmother got taken for god knows how much (definitely 6 figures) by her care taker when she was older. This isn't that, but. . .

Offline DaBigTrain

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Re: New To Investing Thread
« Reply #2038 on: October 11, 2018, 11:25:39 AM »
So is now a good time or nah to start investing?
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

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Offline Kat Kid

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Re: New To Investing Thread
« Reply #2039 on: October 11, 2018, 12:27:11 PM »
So is now a good time or nah to start investing?

now is a good time

Offline CHONGS

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Offline DaBigTrain

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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

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

Online chum1

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Re: New To Investing Thread
« Reply #2042 on: November 03, 2018, 08:32:38 AM »
I picked up a little of this stock like a year in an attempt to buy low. Here's what it's done since.  :lol:

EGLTQ
EGALET CORP -97.87%

Online meow meow

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Re: New To Investing Thread
« Reply #2043 on: November 03, 2018, 04:43:26 PM »
Time to load up on more

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Re: New To Investing Thread
« Reply #2044 on: November 05, 2018, 09:02:26 AM »
yeah, buy the dip chum

Offline Brock Landers

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Re: New To Investing Thread
« Reply #2045 on: November 05, 2018, 09:19:56 AM »
If there was ever a time in your life to say you just bought 100000 shares of stock, this is it.

Offline wetwillie

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Re: New To Investing Thread
« Reply #2046 on: November 05, 2018, 09:40:50 AM »
Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.
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Offline star seed 7

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Re: New To Investing Thread
« Reply #2047 on: November 05, 2018, 09:47:10 AM »
About to put a fairly substantial amount of money (for me) into a new commercial property group with some people running it that I really respect. Still very nervous  :ohno:
Hyperbolic partisan duplicitous hypocrite

Offline DaBigTrain

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Re: New To Investing Thread
« Reply #2048 on: November 05, 2018, 12:25:41 PM »
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

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

Offline I_have_purplewood

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Re: New To Investing Thread
« Reply #2049 on: November 05, 2018, 01:28:37 PM »
About to put a fairly substantial amount of money (for me) into a new commercial property group with some people running it that I really respect. Still very nervous  :ohno:

Like a REIT?
Fifteen minutes later, when the Kansas locker room opened its doors to the media, the Jayhawks were still crying. Literally, bawling. All of them. I've never seen anything like it, and I've seen devastated college locker rooms -- after losses in the Final Four, the national championship game -- ever