I know this might be a long shot, but I was wondering if anyone deals in shares? I was thinking of getting into it, it seems a pretty safe way to earn a bit more money. Did you find it easy starting out? Is it actually a good idea?
I used to when I had a job. You have to emotionally detach and think long term. I lost about 2000 in the stock market because I sold the shares too soon. I bought activision blizzard during the 2008 recession, and it was 13 bucks then
I made the most money with bitcoin, bought at 200$ then value increased to 20 000$ but I lost my password and I lost 80 000$.
I made my brother invest in AMD. They’re having excellent processors lately. Nvidia also.
He also have Apple, Google. Amazon is too expensive. He’s also investing in the government, it always goes up but slower.
It is so easy now with the Trading 212 app on your phone. It gives you all sorts of information about a company like its previous net profits and things like that.
I laughed at that. It’s just a casino. You can lose big.
I lost about 2k + in the great recession. I was betting against the markets and for the banks. I picked the wrong bank ( Washington mutual). It went bankrupt. Oh well. I took some advice from a dipshit college student and he never warned me and I just let it go down. I waited too long. He ended up investing in bank of America or citi or something and made money. I also lost 80 dollars recently on vaxart. I took my money out because I’m addicted to energy drinks. Now the stock is up. I will never invest again. Even Tesla or something. Even if spacex goes public lol.
It’s gambling in my book
I only put money that I have into premium bonds, as it’s like a free lottery. I earned 5% last year vs. my bank accounts 0.1% rate. No risk, no brainer.
It depends on the type of investment. If you invest in the government and banks, there is 0 risk of loosing but your money only increase by little.
I am not a fan of investment either.
There’s ALWAYS risk.
I just don’t want to have the risk of losing my money.
I worked hard for what I have, and I don’t want to risk my financial independence
Inflation is the biggest eater of money I think. You make X amount but next year X amount is worth less so when you retire you are taking a big cut/loss I think.
When you invest in banks and the government, the guy in the bank told us its basically guaranteed money and he was right, we made money in 5 years but it wasn’t much.
I recently cashed out a work pension due to ill health, and that was based on a portfolio of stocks, shares and investments, so the final payout varied and they told me this.
Basically I was paying the money into to them each month, and I guess they play the markets with hedge funds or whatever it may be.
I have zero understanding on how this all works, so I will steer well clear when there is a substantial financial risk involved.
lol. It’s called he has an incentive. He lied. He makes money off you. I would do independent research. I bet you know more about it than me.
In an investment class, we were told the US government cannot go bankrupt because it can just print more money…I don’t know but everyone said that too. It didn’t make sense to me. It doesn’t make sense to my brother too. He was talking about the Federal Reserve.
But if they do a global reset or go back on Gold and get rid of the Fed, you never know. They say only Death and Taxes are certain in life.
In general, I would look into FDIC insured investments or treasury bills/bonds or something that are secure. There’s a million other things. Picking individual stocks is no better than a monkey doing it at random, I learned.
I also learned investing into a low fee mutual fund and or a ETF (like S&P 500) is good if you got the money and use common sense. Don’t pull it out until you are getting to retire. But the bad side is the market could go down when you are retiring or getting ready to retire.
He showed us how ordinary people became millionaires by doing this strategy over a 20-30 year period.
Yea its mutual funds that I had, its low risk and we chose the lowest risk from its options.
My brother invests in the government.
Well what I mean is, it is not like putting all your money down on a roulette wheel, you can make pretty informed decisions on how companies are going to preform.
I used to trade stocks back in the year 2000.
You’ll always remember the first shares you bought as a stock market trader. Mines was 100 shares of IBM at $115 in year 2000 dollars.
One has to have a lot of disposable capital if you want to invest in the good stocks. Presently, the Dow Jones is behaving against normal trends. There are over 40 million people unemployed in the US yet the Dow Jones is above 26,000 points. There can only be one conclusion to this market behaviour. The ultra rich or very rich have rigged the stock market in their favour whereas the middle and lower class are left out.
Have you studied finance, market equities, financial institutions or economics? What about studying any business courses or have you traded in the stock market, yourself? If not, then don’t make statements denigrating stocks and shares.
Yes I have !
Anyway fools and their money are soon parted. Best of luck at the casino.
Wow vaxart is 8 dollars a stock today. I bought 100 dollars of it at 50 cents a stock. I sold it at 30-40 cents so I could buy energy drinks. Doesn’t really matter because social security limits 2k in assets/resources, designed to keep us poor. I always run out of money anyways.
I think vaxart will come out with the schizophrenia cure with their norovirus vaccine. Could be a 100 dollar stock…
I bought the stock based on psychic delusions among other things…