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      11-29-2018, 08:21 AM   #67
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I haven't read the entire thread, but some things I've learned over my adult working career (I'm 43 now);

1) Start early. That's cliché at this point but it's so true and often looked over. I joined the Navy when I was 23, and started contributing 600/month to their version of a 401K at 25. I've continued to increase my contribution ever since, and the magic of compounding is real. My sister, on the other hand, is 32ish, and hasn't started anything yet, all while making a lot of money as a travel nurse. Every year she waits, the less prepared she'll be at retirement.

2) I'm never going to be good enough or have the time to spend to become good enough to time the market, therefore I subscribe to the John Bogle method of investing. My 401K is a simple 3 fund portfolio designed to minimize fees, expenses, and taxes. I carry the premium class of Fidelity's total market index, total international market index, and total bond market index, and I use their Brokeragelink so all my trades are free and now those funds are essentially free. I recommend reading Bogle's book about investing to at least learn how much money you lose in fees and expense. Maybe you're lucky enough to be one of the rare people that can time the market, but I'm not one of them, and this method of investing is simple and as long as the market continues to deliver its historic performance, my nest egg is going to be tremendous. It also maximizes diversification.

3) Take advantage of the "mega backdoor roth IRA" as soon as you can. As my income has advanced, I've been fortunate enough to be able to contribute the full 55K/year to my 401K. Anything after 18500 (2018) is after tax contributions. I then roll those after tax contributions to a roth IRA so that now that money is growing tax free. I'm "incomed out" of contributing to a roth via the traditional means, so this "mega backdoor roth" is a fantastic vehicle which is also now recognized by the IRS. It was called "backdoor" because it was taking advantage of tax loopholes, but now the IRS fully supports it.

4) Pay yourself first. This is why I'm just now going to buy my first BMW. I decided that I wanted to ensure I was preparing for the future before partaking in luxuries. I have no need for an M2, but I have a want, and now the means without impacting my savings to have one. Also pay yourself first by ensuring your savings take priority over your bills. Of course, this requires discipline. If you live paycheck to paycheck, you probably need to reevaluate your spending habits.


I was lucky to grow up with a bad example of how to manage money by watching my parents go through many boom/bust cycles. Growing up poor due to mismanagement of money makes you not want to be poor as an adult, so I simply didn't follow in their footsteps. To this day, they still mismanage their money and my mother will end up having to work until she dies.

I don't want that.

Start early, maximize, simplify. That's basically my strategy. Sure, there are some that find magical ways of making 30%/year, but that's not me. I'm content with standard market growth in my simple portfolio. I am going to look into investing in real estate now as well.

Last edited by JustinHEMI; 11-29-2018 at 08:27 AM.
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      12-03-2018, 12:17 AM   #68
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everyone and their mama excited about the market rallying tomorrow

in my limited experience, i'm going to stay cautious
it can't be that easy and straightforward, can it?
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      12-03-2018, 01:55 AM   #69
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Quote:
Originally Posted by XKxRome0ox View Post
everyone and their mama excited about the market rallying tomorrow

in my limited experience, i'm going to stay cautious
it can't be that easy and straightforward, can it?
Should be pretty good. Just saw this thread. I have been spending a lot of time lately on the stocktwits forum..great chatter. Might want to put on your watchlist this week: NLST and OGEN.
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      12-03-2018, 01:56 AM   #70
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Quote:
Originally Posted by sspade View Post
Lots of good info on here and much wiser investors, Im sure.

That being said... I CAN PRETTY MUCH GURANTEE YOU WILL MAKE MONEY...

Buying into ACB as soon as possible. Im holding 1500 shares and am upside down currently but recommend doing a bit or research and making an educated decision for yourself!

Whats the worst that could happen. Really? If someone has insight, please share.
Along these lines NBEV has been something people are watching.
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      12-03-2018, 09:14 AM   #71
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Quote:
Originally Posted by jgoens View Post
Quote:
Originally Posted by XKxRome0ox View Post
everyone and their mama excited about the market rallying tomorrow

in my limited experience, i'm going to stay cautious
it can't be that easy and straightforward, can it?
Should be pretty good. Just saw this thread. I have been spending a lot of time lately on the stocktwits forum..great chatter. Might want to put on your watchlist this week: NLST and OGEN.
I'm only on Robinhood so NLST is not available
but wish you had posted about OGEN before Friday... it's up 11% premarket today
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      12-03-2018, 09:19 AM   #72
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Quote:
Originally Posted by jgoens View Post
Quote:
Originally Posted by sspade View Post
Lots of good info on here and much wiser investors, Im sure.

That being said... I CAN PRETTY MUCH GURANTEE YOU WILL MAKE MONEY...

Buying into ACB as soon as possible. Im holding 1500 shares and am upside down currently but recommend doing a bit or research and making an educated decision for yourself!

Whats the worst that could happen. Really? If someone has insight, please share.
Along these lines NBEV has been something people are watching.
and this ... where were you last week?
merger announced and big jump up premarket
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      12-03-2018, 09:31 AM   #73
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Quote:
Originally Posted by XKxRome0ox View Post
I'm only on Robinhood so NLST is not available
but wish you had posted about OGEN before Friday... it's up 11% premarket today
Yeah, I just saw this thread yesterday. OGEN is having a conference this thursday and has a good chance for a rise.
But, there could be potentially astronomical rises for NLST as they are in a favorable position in what might be a billion dollar lawsuit that has a settlement hearing this thursday as well. All is speculation, but I have been following this one for several months.
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      12-05-2018, 03:52 PM   #74
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and the market just spilled its guts and bled all over the floor yesterday
what to expect tomorrow and rest of the month?
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      12-05-2018, 08:50 PM   #75
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Quote:
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and the market just spilled its guts and bled all over the floor yesterday
what to expect tomorrow and rest of the month?
More of the same, especially if Trump keeps flapping his lips.
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      12-11-2018, 02:14 PM   #76
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If i were a newbie I would dollar cost average into a balanced global fund. $500-50,000 per month (whatever fits your financial situation) without selling until I needed the money (as a last resort).
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      12-11-2018, 06:22 PM   #77
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Any opinions on NVidia?
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      12-11-2018, 06:47 PM   #78
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Any opinions on NVidia?
volatile as hell these days
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      12-24-2018, 10:16 AM   #79
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everything is bleeding. what happened to the Santa rally?
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      12-24-2018, 10:47 AM   #80
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Stocks are still too expensive. I mean MCD PE is 26?
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      12-24-2018, 11:21 AM   #81
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Quote:
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everything is bleeding. what happened to the Santa rally?
We have a toxic combination going: Interest rates rise+China trade war+Govt. shutdown+ Dec selloff+ due for a correction. Need some type of catalyst or we are heading into an early recession (which will happen inevitably at some point)
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      12-24-2018, 11:45 AM   #82
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I still don't think the problem is either trade or interest rate. I think the market realizes the FED won't be there anymore. So they have to reprice given the stocks are too expensive.

Lots of talks of the cloud service. I think that story is done. The "gig economy" companies going to consolidate soon. I mean how many food delivery services do you need? How many of them actually make money?

Last edited by WestRace; 12-24-2018 at 11:55 AM.
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      12-24-2018, 01:00 PM   #83
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Quote:
Originally Posted by WestRace View Post
I still don't think the problem is either trade or interest rate. I think the market realizes the FED won't be there anymore. So they have to reprice given the stocks are too expensive.

Lots of talks of the cloud service. I think that story is done. The "gig economy" companies going to consolidate soon. I mean how many food delivery services do you need? How many of them actually make money?
basics... the basics are simply not there... we've had a false run 3-4 years... imho 17-18k is a fair range
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      12-24-2018, 03:02 PM   #84
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Quote:
Originally Posted by ASAP View Post
imho 17-18k is a fair range
given the recent moves, we may get there in a couple of weeks.

https://www.reuters.com/article/us-u...-idUSKCN1ON13U
It sounds like they are fishing for buyers so they can sell more.

Last edited by WestRace; 12-24-2018 at 03:41 PM.
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      01-03-2019, 07:22 PM   #85
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Penny stocks

Stay away from OTC unless you're an insider
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      01-03-2019, 07:57 PM   #86
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Actually, while you're waiting 2yrs risking your capital in limbo land to make a 5% gain on big board stocks. People like me are making 400% in 2 days. There's not as much shorting in OTC because of the $2.50 rule - OTC is a more honest trade than Nasdaq, if you're smart enough to identify the right one. You're probably someone who hasn't got a clue and gave up after losing too much.
I have a pretty good clue

If you're making 400% in 2 days why aren't you a billionaire yet? If you are a billionaire, congrats!!
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      01-03-2019, 08:08 PM   #87
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It would only take 26 trading days to become a billionaire with an initial investment of $100. Next month, please post a picture of your yacht... I love yachts!
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      01-03-2019, 10:03 PM   #88
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Honestly, stop being obtuse, if it takes me a 6 week hold to make 400% it's better than risking my money in big board stocks on the off chance it rises 10% over the year - the charts are honest in otc, you can buy low sell high easily...
What's obtuse is you coming in here expecting educated people to believe you can quadruple your money in 2-30 trading sessions. So you are advising that he can quadruple his money in 6 weeks (or 2 days, same thing). That 5k will be 1.3MM with only 7 of your trades.... Seriously, bro?

Did you once turn 5000 into 20k? Maybe, if you got lucky... Can you turn 100k into 400k? I'll bet you 400k you can't.
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