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Anyone investing heavily this year??

How much money did you lose/gain this past week?

  • I have been looking at the payout on my wife's life insurance policy...do I still need her?

    Votes: 2 6.7%

  • I guess I will postpone paying off the mortgage for a few more years

    Votes: 19 63.3%

  • I knew this day would come and was shorting the hell outta the market

    Votes: 9 30.0%
  • Total voters
    30
  • Poll closed .
Mack Ron

Mack Ron

Star
Registered
The market is horrible right now. I know this white dude who runs a hedge fund and he told me not to invest in anything expecting it to jump. He said if I had a margin account, I could make some decent money short selling. He said he thought Dick's sporting goods stock would do good this year and said it was safe to buy a few shares of Apple at this price, besides that, he said I should chill and wait till the market bounces back.
 
456.North.side

456.North.side

Rising Star
Registered
King_of_Posts said:
Is anyone here into binary options? I'm doing REALLY well fucking with those.
Click to expand...
never even heard of them, pulled up youtube twice saying I wouls search... then stopped and said nah until I get some more properties im light on the investing but since thats where half if not all fo the $$$ from the properties will go im gonig to study on it more. I just finished Anthony Robbins Money book and it makes things sound pretty simple. ETFs ETFs ETFs, but FUKK its sooooo many out there now... PIA to hunt some solid ones down
 
K

King_of_Posts

Rising Star
BGOL Investor
456.North.side said:
never even heard of them, pulled up youtube twice saying I wouls search... then stopped and said nah until I get some more properties im light on the investing but since thats where half if not all fo the $$$ from the properties will go im gonig to study on it more. I just finished Anthony Robbins Money book and it makes things sound pretty simple. ETFs ETFs ETFs, but FUKK its sooooo many out there now... PIA to hunt some solid ones down
Click to expand...

Nothing wrong with sticking to what you know and it sounds like you're holding it down with real estate for the time being. They are not to be taken lightly. I've made more than $16,000 so far this month, $16,518.05 to be exact. Here is a screenshot from my broker. I have my profits go back to my debit card. It says "credit card", but the card ending in (6057) is a debit and the one ending in (0624) is a credit card. The 6k withdrawal was to pay off the balance cause I had purchased a few things.

bres.jpg
 
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K

King_of_Posts

Rising Star
BGOL Investor
Mack Ron said:
The market is horrible right now. I know this white dude who runs a hedge fund and he told me not to invest in anything expecting it to jump. He said if I had a margin account, I could make some decent money short selling. He said he thought Dick's sporting goods stock would do good this year and said it was safe to buy a few shares of Apple at this price, besides that, he said I should chill and wait till the market bounces back.
Click to expand...

The market is definitely in correction territory. Don't know if you have experience doing that....but short selling and trading on margin can MORE than take your account down to zero and if they issue a margin call, then they want their money FAST. Short selling in a bearish market isn't the greatest idea.
 
rph2005

rph2005

Rising Star
OG Investor
yep. it has been a rough 6 months. but then again a correction was expected. made 20k last year but overall, portfolio is down about 30k. ah well, just gonna wait this one out. in the meantime I think the best place to invest will be in dividend stocks, particularly REITs like O
inspite of all the shit happening around us, they've been up 12 percent in the past year
 
456.North.side

456.North.side

Rising Star
Registered
King_of_Posts said:
Nothing wrong with sticking to what you know and it sounds like you're holding it down with real estate for the time being. They are not to be taken lightly. I've made more than $16,000 so far this month, $16,518.05 to be exact. Here is a screenshot from my broker. I have my profits go back to my debit card. It says "credit card", but the card ending in (6057) is a debit and the one ending in (0624) is a credit card. The 6k withdrawal was to pay off the balance cause I had purchased a few things.

bres.jpg
Click to expand...
well point us to some resources to get up on what they are and how they work?
 
nunya_bizzy22

nunya_bizzy22

Truth seeker
Registered
King_of_Posts said:
Nothing wrong with sticking to what you know and it sounds like you're holding it down with real estate for the time being. They are not to be taken lightly. I've made more than $16,000 so far this month, $16,518.05 to be exact. Here is a screenshot from my broker. I have my profits go back to my debit card. It says "credit card", but the card ending in (6057) is a debit and the one ending in (0624) is a credit card. The 6k withdrawal was to pay off the balance cause I had purchased a few things.

bres.jpg
Click to expand...
Just curious what was your initial investment into this stock?
 
E

Efkie

International
International Member
OK, it's 2016. Let's go !!!
Let's see if I can make up for that big loss I had in november 2015.:angry:

Funded my broker account with 500 euro's so I have about 700 euro in total.

GOAL is to double my account.
My preferred weapon of choice: Options.

SO today I opened my 1st first position for this year.
Sold PUT credit spread 405/410 AEX (index) for 1,05
In simple words I'm risking 298 to make 105 euros.

We'll know on Feb 18th whether this was a good or a bad trade.
 
Helico-pterFunk

Helico-pterFunk

Rising Star
BGOL Legend
Glanced at my retirement portfolio (RRSP) and fortunately it didn't take too bad a hit. Got the mid-January statement recently and it was only down $0.80. Had to laugh 'cuz it's been all over the place over the years. Up $100. Down $1000. Up $2000. Down $1800. Up $3900. Down $700. Up $200. Down $10.

To only drop less than $1 was comedy. Still got decades to go before retirement, so need to be patient. Everything else is in order (savings, chequing, real estate & TFSA).
 
C

comment101

Rising Star
Platinum Member
Any advise here? i recent just started out. I have another 1k to invest but i don't know where. Im also a student. I can't invest more than 1k about every 6 months
161jgvl.jpg
 
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chitownsfinest

Rising Star
Platinum Member
This shot is so bizarre...dudes posting screenshots of what they are saying are their investment accounts on a porn board...
 
S

simonmarcel

Rising Star
OG Investor
comment101 said:
Any advise here? i recent just started out. I have another 1k to invest but i don't know where. Im also a student. I can't invest more than 1k about every 6 months
161jgvl.jpg
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That is a lot of investments for such a small amount of money. Unless one of those stocks skyrockets, the collective trading fees alone will wipe out any gains. If you are worried about spending your money if it just sits in your savings account,you could set up automatic deductions into your investment accounts and invest 500-1k at a time in an exchange traded fund(etf).
 
C

comment101

Rising Star
Platinum Member
simonmarcel said:
That is a lot of investments for such a small amount of money. Unless one of those stocks skyrockets, the collective trading fees alone will wipe out any gains. If you are worried about spending your money if it just sits in your savings account,you could set up automatic deductions into your investment accounts and invest 500-1k at a time in an exchange traded fund(etf).
Click to expand...

Good idea. I was planning on reinvesting another 1k into my ETF portfolio today. Should i wait? I don't really need the money. I have enough to spare. Also, after this 1k, i was planning on reinvesting another $500 every 3 months on EFTs while investing $650 on stocks every 6 months. At rate, i should have invested another 6 - 7K in 3 years. I'll also just throw in some change into my account every once in a while. I'm 25 right now. By the time i'm 40, i think i should have about 25k or more invested into it. With an impending 401k from my future job too.
 
C

comment101

Rising Star
Platinum Member
Okay, i just reinvested another 1k into EFTs. I'll hope for the best in the upcoming 3-4 years. Actually, i plan on dropping another 2-3k in EFTs before the end of the year. I'm trying to get some investments going before i start paying rent. i live with my parents now and i plan on moving out later this year or early next year. I need to lay down from ground work. I also have a 5% high yield savings account at Netspend with 5k in there. Hoping i can make some extra money to reinvest before the end of the year. Yes, i know i made a terrible decision with ZAZA. I've already lost $300 because i didnt pay attention. I plan on just waiting it out completely. I could lose all my money. All $300 of it, but oh well.
 
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Efkie

International
International Member
Efkie said:
OK, it's 2016. Let's go !!!
Let's see if I can make up for that big loss I had in november 2015.:angry:

Funded my broker account with 500 euro's so I have about 700 euro in total.

GOAL is to double my account.
My preferred weapon of choice: Options.

SO today I opened my 1st first position for this year.
Sold PUT credit spread 405/410 AEX (index) for 1,05
In simple words I'm risking 298 to make 105 euros.

We'll know on Feb 18th whether this was a good or a bad trade.
Click to expand...

Closed my trade yesterday for 97 euro profit.....:hmm:
But I'm pissed at how this trade went .

See below how the index fell from 430 since Feb. 1st

jq0y0l.png


f5dd9t.png

As you can see i opened the trade on Feb. 1st and it started to go against me.
I decided to wait until the Index reached the 412 mark to take action. In my situation i would close the short side (410 put) of my spread and leave the long side open.
Why ? Because the index going down hard and would make me some serious money.

However i failed to close the short side of my spread due insufficient margin on my account.
As you can see the 405 put went from 0.4 to 29 points or 2900 euros, so i could have made at least 4 or 5 times what i had risked. And I couldn't seize the opportunity.
That's why i'm pissed.
 
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Supersav

Supersav

Rising Star
BGOL Investor
I love options. Puts usually but calls as well. It's easy if you daytrade it in and out. Especially around earnings reports
 
rph2005

rph2005

Rising Star
OG Investor
412207660.jpg
oh how the mighty have FALLEN, :(:angry::smh:, it was all good just a year ago,
by contrast, compare it to my ROTH
412207659.jpg
NOTICE how O, is up 28 percent. REITs are the safest bets now.
 
E

Efkie

International
International Member
comment101 said:
Any advise here? i recent just started out. I have another 1k to invest but i don't know where. Im also a student. I can't invest more than 1k about every 6 months
Click to expand...

Lot's of information in this thread.
Have a look this which explains a method of investing suited for the longterm.


Supersav said:
I love options. Puts usually but calls as well. It's easy if you daytrade it in and out. Especially around earnings reports
Click to expand...

I tried it a couple times but it didn't work out for me.
The Degiro platform I'm trading on is very limited and not suited for these plays IMO.
My preferred platform would be ThinkorSwim for (option)analysis and Interactive Brokers for order execution (low fees) and access to almost every stock market in the world.

Forgot to mention sold a AEX 390/385 put spread on Feb 25th for 95 euro risking 310.
 
E

Efkie

International
International Member
Efkie said:
Forgot to mention sold a AEX 390/385 put spread on Feb 25th for 95 euro risking 310.
Click to expand...

Closed my AEX 390/385 put spread today with at 27 euro for a 68 euro profit.
Sold a new spread AEX 415/410 put spread for 80 risking 290.
Not sure if this one will go.
 
C

comment101

Rising Star
Platinum Member
rph2005 said:
412207660.jpg
oh how the mighty have FALLEN, :(:angry::smh:, it was all good just a year ago,
by contrast, compare it to my ROTH
412207659.jpg
NOTICE how O, is up 28 percent. REITs are the safest bets now.
Click to expand...


I want my account to look like yours in another 5 - 6 years. Investing has become a hobby to me.
 

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