Stocks

[caketastydelish]

I haven't seen a thread on this forum about stocks, so I'd like to start one.

Which stocks do you all currently own? How has that been going for you? Which would you reccomend? Which should you sell immeditaely? Do you use the New York Stock exchange or something else?

 

[Integral]

Buy S&P, hold forty years, profit.

I should'a bought Chipotle when they were $40 a share...

 

[Quackers]

I wish I got hold of Facebook shares a few years ago (like the guy who painted the sign and was paid in shares!) or bought a ton of Apple shares about 10 years ago.

 

[peter grimes]

My mom joined a stock club back when that was the thing to do in the mid 1990s. I got a little interested, suggested her club look at Ballard Power Systems and Lucent. I wonder how that would have gone...

I don't directly hold any stocks, but I am in a few mutual fundie sort of things. I try not to look at it more than 2 times a year. Since I'm not looking at pulling out within a couple of decades or so, I don't want to suffer risk aversion. There's really no point.

 

[Zack]

I wish I got hold of Facebook shares a few years ago

You mean, before it went public?

 

[Quackers]

...i'm pretty sure i read about some fella who painted the facebook offices and was paid in some form of ownership of the firm so when it eventually went public he made a lot of Gs.


yes here it is.
so, yes.

 

[Zack]

...i'm pretty sure i read about some fella who painted the facebook offices and was paid in some form of ownership of the firm so when it eventually went public he made a lot of Gs.

What does that have to do with my point? Are you a world-renowned painter?

 

[Traitorfish]

I haven't seen a thread on this forum about stocks, so I'd like to start one.

Which stocks do you all currently own? How has that been going for you? Which would you reccomend? Which should you sell immeditaely? Do you use the New York Stock exchange or something else?

Wait, aren't you like seventeen? Why do you care about stocks?

 

[Integral]

gotta start early!

And at that stage, I'd seriously suggest either going low-vol or simply investing in an index fund.

 

[peter grimes]

...i'm pretty sure i read about some fella who painted the facebook offices and was paid in some form of ownership of the firm so when it eventually went public he made a lot of Gs.


yes here it is.
so, yes.

I wish him the best, but I honestly can't imagine myself taking 'stock' in lieu of payment - especially from some hipster-nouveau-startup-whatever. I suspect that this muralist had enough cash-flow from other sources to cover his rent and such...

 

[Save_Ferris]

I look at stocks sometimes, although I'm that guy who makes predictions based on stupid hunches (my friend's thinking about buying an iPhone, invest in Apple!)

 

[caketastydelish]

Wait, aren't you like seventeen? Why do you care about stocks?

I am 20, and am quite offended that you think I am 17. And just so you know, I bought my first stock at the age of 15, and that stock did extremely well.

 

[Traitorfish]

I am 20, and am quite offended that you think I am 17.

Um, why?

And just so you know, I bought my first stock at the age of 15, and that stock did extremely well.

Well, good for you. Not saying there's anything wrong with it, just doesn't seem like something that most people below the age of like thirty would have much interest in. Maybe it's a cultural thing.

 

[Save_Ferris]

I am 20, and am quite offended that you think I am 17. And just so you know, I bought my first stock at the age of 15, and that stock did extremely well.

I am 15, and I am offended that you were offended that Traitorfish thought you were 17 instead of 20.

 

[caketastydelish]

Um, why?

Never mind.

Well, good for you. Not saying there's anything wrong with it, just doesn't seem like something that most people below the age of like thirty would have much interest in. Maybe it's a cultural thing.

This is probably true for most people, but not for me. My dad did not even work in most of the 90's because he made so much money off of stock trading, and I have learned many things that he has taught me.

I am intersted in it because I like to make money. What other reason would there be?

 

[Traitorfish]

Ah, so you're just a bourgeois. Fair 'nuff.

 

[caketastydelish]

Ah, so you're just a bourgeois. Fair 'nuff.

I have not heard of anyone that trades stocks that is not.

 

[Traitorfish]

I suppose it comes with the territory, yeah, but you'll sometimes get working people who dabble in it. That's why I was a bit puzzled at first, because everyone I've ever met with stocks is upwards of forty.

 

[caketastydelish]

I suppose it comes with the territory, yeah, but you'll sometimes get working people who dabble in it. That's why I was a bit puzzled at first, because everyone I've ever met with stocks is upwards of forty.

As far as ways to make money that require absolutely no univeristy degree or even "training", stocks is the best shortcut to get rich (supposing you have a gift for it).

I am not sure what you mean by "but yeah, but you'll sometimes get working people who dabble in it."

Are you saying that working people are not borgeois?

 

[Traitorfish]

Well, yeah, that's kind of the definition of the term "bourgeois".