Author Topic: New To Investing Thread  (Read 327150 times)

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Offline steve dave

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Re: New To Investing Thread
« Reply #425 on: April 23, 2013, 08:15:15 AM »
love you too friend

Offline The Tonya Harding of Twitter Users Creep

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Re: New To Investing Thread
« Reply #426 on: April 23, 2013, 08:36:39 AM »
Guys...  :facepalm:

I bought a mutual fund last night from my Roth IRA. Turns out it's NOT a good idea to just let the money sit there in a money market. Thanks for nothing, ben ji  :shakesfist:
I think what my friend Mitch is trying to say is that true love is blind.

Offline steve dave

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Re: New To Investing Thread
« Reply #427 on: April 23, 2013, 08:44:55 AM »
Turns out it's NOT a good idea to just let the money sit there in a money market. Thanks for nothing, ben ji  :shakesfist:

I think sys and emo may argue with you on this

Offline The Tonya Harding of Twitter Users Creep

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Re: New To Investing Thread
« Reply #428 on: April 23, 2013, 08:50:35 AM »
Turns out it's NOT a good idea to just let the money sit there in a money market. Thanks for nothing, ben ji  :shakesfist:

I think sys and emo may argue with you on this

oh man burn  :lol: im totally laughing at this now because i understand the difference. good one, steve dave.
I think what my friend Mitch is trying to say is that true love is blind.

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #429 on: April 23, 2013, 09:12:14 AM »
Turns out it's NOT a good idea to just let the money sit there in a money market. Thanks for nothing, ben ji  :shakesfist:

I think sys and emo may argue with you on this

If, 1) you're an index funder, and 2) the market is in a downward tend, MM or GI funds are fine.  I short the market in those times though.  You can make money as long as the market is moving decidedly in one direction, which it usually is. 

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #430 on: April 23, 2013, 09:26:49 AM »
KSC, have you thought of moving to Mexico?

http://www.bbc.co.uk/news/science-environment-12827752

Offline The Tonya Harding of Twitter Users Creep

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Re: New To Investing Thread
« Reply #431 on: April 23, 2013, 09:28:33 AM »
you guys wanna play the guessing game on which mutual fund i bought? start with what you would do first and then work your way down to really rough ridin' stupid. ill let you know when you guess right. ok, go.
I think what my friend Mitch is trying to say is that true love is blind.

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #432 on: April 23, 2013, 09:29:45 AM »
Which institution? 

Offline The Tonya Harding of Twitter Users Creep

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Re: New To Investing Thread
« Reply #433 on: April 23, 2013, 09:32:34 AM »
Which institution?

whats with all the questions bro? just start guessing. fidelity...
I think what my friend Mitch is trying to say is that true love is blind.

Offline ben ji

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Re: New To Investing Thread
« Reply #434 on: April 23, 2013, 09:51:25 AM »
JANIX

Offline GCJayhawker

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Re: New To Investing Thread
« Reply #435 on: April 23, 2013, 09:54:02 AM »
JANIX

I pick this. Ben Ji is your financial advisor after all.

Offline The Tonya Harding of Twitter Users Creep

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Re: New To Investing Thread
« Reply #436 on: April 23, 2013, 10:01:00 AM »
JANIX

nope. and the one im in has a short-term leaving penalty thingy so doesnt sound like im getting into this anytime soon
I think what my friend Mitch is trying to say is that true love is blind.

Offline ben ji

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Re: New To Investing Thread
« Reply #437 on: April 23, 2013, 11:03:47 AM »
JANIX

nope. and the one im in has a short-term leaving penalty thingy so doesnt sound like im getting into this anytime soon

Spartan® Extended Market Index Fund - Investor Class

Offline The Tonya Harding of Twitter Users Creep

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Re: New To Investing Thread
« Reply #438 on: April 23, 2013, 11:23:39 AM »
JANIX

nope. and the one im in has a short-term leaving penalty thingy so doesnt sound like im getting into this anytime soon

Spartan® Extended Market Index Fund - Investor Class

 :lol: nope. its a pretty safe one, very boring actually. i wanted to do a biotech one that was kicking ass but thought better of it...
I think what my friend Mitch is trying to say is that true love is blind.

Offline ben ji

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Re: New To Investing Thread
« Reply #439 on: April 23, 2013, 11:26:57 AM »
JANIX

nope. and the one im in has a short-term leaving penalty thingy so doesnt sound like im getting into this anytime soon

Spartan® Extended Market Index Fund - Investor Class

 :lol: nope. its a pretty safe one, very boring actually. i wanted to do a biotech one that was kicking ass but thought better of it...

Just saw that one today but then I realized I know absolutely nothing about biotech.

Offline The Tonya Harding of Twitter Users Creep

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Re: New To Investing Thread
« Reply #440 on: April 23, 2013, 11:38:33 AM »
Just saw that one today but then I realized I know absolutely nothing about biotech.

Yeah, was up like 27% or something YTD. Biotech is pretty volatile so to start I have my money in small blend and mid-cap funds... I'll get more aggessive later.
I think what my friend Mitch is trying to say is that true love is blind.

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #441 on: April 23, 2013, 12:17:02 PM »
Currently holding both BIIB and GILD.  :gocho:

Offline chum1

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Re: New To Investing Thread
« Reply #442 on: April 23, 2013, 12:19:50 PM »
I guess I should sell my Krispy Kreme stock since I don't know crap bout makin' donuts.

Offline ben ji

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Re: New To Investing Thread
« Reply #443 on: April 24, 2013, 09:18:24 AM »
The PBS Frontline last night was all about 401k's and retirement.

They basically said everything we said in this thread about shitty 401k choices and how high expense ratio's cheat you out of hundreds of thousands of dollars over the life of your investment. Also pointed out that alot of people are idiots who dont save anything or dip into their 401k's multiple times throughout their lives then bitch when they have to work longer because they dont have any savings left.

Offline steve dave

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Re: New To Investing Thread
« Reply #444 on: April 24, 2013, 09:21:18 AM »
The PBS Frontline last night was all about 401k's and retirement.

They basically said everything we said in this thread about shitty 401k choices and how high expense ratio's cheat you out of hundreds of thousands of dollars over the life of your investment. Also pointed out that alot of people are idiots who dont save anything or dip into their 401k's multiple times throughout their lives then bitch when they have to work longer because they dont have any savings left.

yeah. a lot of people are idiots.

Offline GCJayhawker

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Re: New To Investing Thread
« Reply #445 on: April 24, 2013, 09:34:59 AM »
The PBS Frontline last night was all about 401k's and retirement.

They basically said everything we said in this thread about shitty 401k choices and how high expense ratio's cheat you out of hundreds of thousands of dollars over the life of your investment. Also pointed out that alot of people are idiots who dont save anything or dip into their 401k's multiple times throughout their lives then bitch when they have to work longer because they dont have any savings left.

yeah. a lot of people are idiots.

I've learned most people are idiots.

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #446 on: April 24, 2013, 09:40:41 AM »
Saw a FB post that said if you have no debt and $10 in our pocket then you're richer than 25% of Americans.   :sdeek:

So honestly if you're even doing 401k or any retirement planning or saving you're ahead of the curve.  I'd wager that the majority of friends my age don't even start thinking about this stuff until they start having kids.  Kinda scary.

Offline kostakio

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Re: New To Investing Thread
« Reply #447 on: April 24, 2013, 09:45:33 AM »
Almost everything I do is a stop/limit kind of order.

me too, but i think it's just sort of an emotional crutch, prolly makes no real difference.

I don't think so.  I had some uranium miners when the tsunami hit Japan and those things tanked.  Saved my ass big time.  Only has to work once for you to use it every time.

Coincidentally I used to be into buying/shorting YRCW and EK back in the day.  They were such volatile movers it was fun.  Got really OCD on it for a while.

Stops are good and all but they can't fully protect you. If the market gaps down a bunch at the open the stop isn't going to help you.  A lot of young traders think they are assued of getting out at their stop price and that isn't the case. 

I learned this lesson the hard way a couple of times back in the day.  One of the reasons I got out of activley trading stocks.  The big news that really moves a stock often doesn't happen during the neat little hours that the markets are open. 

Offline ben ji

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Re: New To Investing Thread
« Reply #448 on: April 24, 2013, 09:46:00 AM »
Saw a FB post that said if you have no debt and $10 in our pocket then you're richer than 25% of Americans.   :sdeek:

So honestly if you're even doing 401k or any retirement planning or saving you're ahead of the curve.  I'd wager that the majority of friends my age don't even start thinking about this stuff until they start having kids.  Kinda scary.

I've got a buddy who's graduated a couple of years ago(masters in ME), just the other day he mentioned to me that he was going to start contributing to his 401k. I looked at him like  :surprised: :facepalm: :angry: and told him "Yeah, thats PROBABLY A GOOD IDEA"

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #449 on: April 24, 2013, 10:16:13 AM »
Almost everything I do is a stop/limit kind of order.

me too, but i think it's just sort of an emotional crutch, prolly makes no real difference.

I don't think so.  I had some uranium miners when the tsunami hit Japan and those things tanked.  Saved my ass big time.  Only has to work once for you to use it every time.

Coincidentally I used to be into buying/shorting YRCW and EK back in the day.  They were such volatile movers it was fun.  Got really OCD on it for a while.

Stops are good and all but they can't fully protect you. If the market gaps down a bunch at the open the stop isn't going to help you.  A lot of young traders think they are assued of getting out at their stop price and that isn't the case. 

I learned this lesson the hard way a couple of times back in the day.  One of the reasons I got out of activley trading stocks.  The big news that really moves a stock often doesn't happen during the neat little hours that the markets are open.

Well yes that's true, gap downs are a bitch.  But for the most part when something gaps down I want out anyway.  You can always protect yourself against gap downs with buy/limit orders at prices where you're a buyer.  I don't do that, though.  FWIW, setting stops is much easier than watching the market 24/7.  It's the best option for working stiffs like myself.