rookie investing

[slow99]

It's the minimum equity requirement that disqualifies me

How are you getting access to participate in IPOs (save an equity requirement)? I think you might be confused about the IPO process.

[Taylor]

How often do you see an average person dive right into investing and make money? You absolutely can, and I'm no expert on the market or personal finance, but I'd be willing to take a gander and say that few really do so. And I'd say that a lot of people could probably apply the funds, with which they're buying a hodgepodge of shares with no portfolio strategy, far more constructively than by throwing darts at the market.

Again, complete conjecture and not saying that it's impossible to make money or learn in the process, but expecting to make enough money to make it worth the time and expense is a so-so proposition.

Educate yourself. Follow a few successful companies. Stay on top of news. Find a strategy that works. Don't be greedy. Start small, try paper trading. Look into options hedging strategies. I'm no guru, but it's definitely not rocket science.

[slow99]

How often do you see an average person dive right into investing and make money? You absolutely can, and I'm no expert on the market or personal finance, but I'd be willing to take a gander and say that few really do so. And I'd say that a lot of people could probably apply the funds, with which they're buying a hodgepodge of shares with no portfolio strategy, far more constructively than by throwing darts at the market.

Again, complete conjecture and not saying that it's impossible to make money or learn in the process, but expecting to make enough money to make it worth the time and expense is a so-so proposition.

Nevermind. Your post seemed odd to me initially, that's why I asked. Seemed like you were posting against long-term equity ownership as the key to wealth building. No biggie, maybe I read it incorrectly ... it is earnings season . I've contended countless times that the average person just needs to index (the equity portion of their aggregate portfolio) and say to hell with it. This becomes especially apparent when you risk-adjust returns. I was more upset to see "disposable" instead of "discretionary".

[Taylor]

How are you getting access to participate in IPOs (save an equity requirement)? I think you might be confused about the IPO process.

Trust me bro, lol.

[slow99]

Trust me bro, lol.

Ok, so you're in a spot to get regular access to purchase equity investments at significant discounts, in very large lots, before they're traded for the first day on exchanges and the only reason you don't is because you lack sufficient equity.
Lmao... okay.

[Slowhand]

Educate yourself. Follow a few successful companies. Stay on top of news. Find a strategy that works. Don't be greedy. Start small, try paper trading. Look into options hedging strategies. I'm no guru, but it's definitely not rocket science.

Amount of faith I have in the mouthbreathers of DFWmustangs (not a personal potshot, OP) or the public in general to put in the necessary work to educate themselves and build a strategy that works for them = 0.

More likely scenario: eat/sleep/breathe Jim Cramer/Dave Ramsey and ask everyone you know with a job in a mildly businesslike setting/industry how to get in on the groupon and facebook IPOs.

Nevermind. Your post seemed odd to me initially, that's why I asked. Seemed like you were posting against long-term equity ownership as the key to wealth building. No biggie, maybe I read it incorrectly ... it is earnings season . I've contended countless times that the average person just needs to index (the equity portion of their aggregate portfolio) and say to hell with it. This becomes especially apparent when you risk-adjust returns. I was more upset to see "disposable" instead of "discretionary".

Shit, imagine the money anyone could have made (and could still be making) just indexing their long-term holdings in the mid 90's, even after two recessions.

I was more upset to see "disposable" instead of "discretionary"

Yeah yeah yeah, it's late and I've been writing tax memos all night!

[slow99]

Amount of faith I have in the mouthbreathers of DFWmustangs (not a personal potshot, OP) or the public in general to put in the necessary work to educate themselves and build a strategy that works for them = 0.

More likely scenario: eat/sleep/breathe Jim Cramer and ask everyone you know with a job in a mildly businesslike setting/industry how to get in on the groupon and facebook IPOs.

Shit, imagine the money anyone could have made (and could still be making) just indexing their long-term holdings in the mid 90's, even after two recessions.
Yeah yeah yeah, it's late and I've been writing tax memos all night!

My wife's best friend came out this week to stay a few days and fly back to Pittsburgh with my wife and son (friend has 3 kids and has flown with them numerous times). She was telling me the other day she's in this Investment Club. Now, granted, this club was setup for the novice to learn more about investing. Fantastic, I'm all for it, that's great. This friend of my wife's is a practicing cardiologist, and it flat astounded me the lack of knowledge she had given that she'd been in this club for 3 years. She did time it nicely though, lmao, no question!!! Most people - like 95% of people - just need to index and be done with it.

[Taylor]

Ok, so you're in a spot to get regular access to purchase equity investments at significant discounts, in very large lots, before they're traded for the first day on exchanges and the only reason you don't is because you lack sufficient equity.
Lmao... okay.

If my firm participates, yes. Like I said I'm in no position to participate due to the minimum account equity requirements. They have been participating more regularly, though.

[Slowhand]

My wife's best friend came out this week to stay a few days and fly back to Pittsburgh with my wife and son (friend has 3 kids and has flown with them numerous times). She was telling me the other day she's in this Investment Club. Now, granted, this club was setup for the novice to learn more about investing. Fantastic, I'm all for it, that's great. This friend of my wife's is a practicing cardiologist, and it flat astounded me the lack of knowledge she had given that she'd been in this club for 3 years. She did time it nicely though, lmao, no question!!! Most people - like 95% of people - just need to index and be done with it.

That's essentially why I raise my point, because I did the same thing my freshman year of college. I was in an environment that kept me well informed on the market in general (surprisingly) and was bored and had the temporary wherewithal to play around about. I wound up making a little bit of money and bailed with great timing near the beginning of the collapse, but it was through no fault of my own that I did so.

I'll be hopping back into the market here shortly after these assholes cut me my first 70 hour paycheck, but it will be with a lot more knowledge of the market and a much more precise strategy (and even at that I still don't know shit).

[SMKR]

zomg u gettin in on that hot facebook ipo bro?

been getting those retarded calls all day.

edit: we could use an investment forum fosho.

No

[Broncojohnny]

My wife's best friend came out this week to stay a few days and fly back to Pittsburgh with my wife and son (friend has 3 kids and has flown with them numerous times). She was telling me the other day she's in this Investment Club. Now, granted, this club was setup for the novice to learn more about investing. Fantastic, I'm all for it, that's great. This friend of my wife's is a practicing cardiologist, and it flat astounded me the lack of knowledge she had given that she'd been in this club for 3 years. She did time it nicely though, lmao, no question!!! Most people - like 95% of people - just need to index and be done with it.

"oh, yea I invest in the market, we have this investment club.."

"What kind of strategy do you guys us?"

"well, we saw this company on Oprah...."

/FACEPLAM

[Captain Crawfish]

How often do you see an average person dive right into investing and make money? You absolutely can, and I'm no expert on the market or personal finance, but I'd be willing to take a gander and say that few really do so. And I'd say that a lot of people could probably apply the funds, with which they're buying a hodgepodge of shares with no portfolio strategy, far more constructively than by throwing darts at the market.

Again, complete conjecture and not saying that it's impossible to make money or learn in the process, but expecting to make enough money to make it worth the time and expense is a so-so proposition.

all it takes is the right pick and your in business. i suggest anyone starting out go ahead and get you a big loss out of the way. its tough to take a big hit but thats how you learn. its like surfing for cash!

[Captain Crawfish]

"oh, yea I invest in the market, we have this investment club.."

"What kind of strategy do you guys us?"

"well, we saw this company on Oprah...."

/FACEPLAM

investment club eh! madoff scam in the making

[JasonRR]

I've got some money that I've built up in savings that I was going to play around with, and I was just going to go buy about $10k worth of Apple stock.

I know next to nothing about the market (only what I was taught in my Economics courses 15yrs+ yrs ago), but I figured with the Ipad 3 coming out, I wouldn't imagine losing money.

Seem like a safe bet? Or should I just go blow it on (more) hookers and coke?

[JFurst]

Hookers and blow yields a better return