...

Go Back   Lateral-g Forums > Lateral-G Open Discussions > Off Topic Forums
User Name
Password



Reply
 
Thread Tools Display Modes
  #6081  
Old 08-08-2018, 07:53 PM
glassman's Avatar
glassman glassman is offline
Lateral-g Supporting Member
 
Join Date: Apr 2012
Location: Livermore
Posts: 2,445
Thanks: 111
Thanked 83 Times in 61 Posts
Default

Quote:
Originally Posted by GregWeld View Post

Calm down and think longer term.
I don't do calm very well. But when i do, i jump for joy.

I hear what your saying though...as i've been trying to "average in", i'm just looking for those fundamental changes we've spoken about in the past....

cheers, mike
__________________
Mike
Reply With Quote
  #6082  
Old 08-08-2018, 08:45 PM
joeko23 joeko23 is offline
Member
 
Join Date: Oct 2011
Posts: 61
Thanks: 0
Thanked 28 Times in 21 Posts
Default

I’m not sure if anyone has suggested this maybe they did there are 600 pages. I also don’t know how much money you have to play with. With all that being said try to buy some property and rent it. My rentals bring around 10% return. If you have some free time and a little more money get into flipping properties/condos etc.especially if your handy. I’m sure you are because your in this forum and a lot of diyers are here. That obviously requires more money. Also unless you are in Kansas short term like less than a year. Do Not Rent. Buy a property for you to live in so you are not just throwing out money in rent. Better to pay your mortgage than someone else’s mortgage. Buy something that needs some light work like updating bathrooms or kitchen. Put some lipstick on it and your free time. When it comes time to sell maybe you will make 50k. There are also ways you can get into flipping while not using your own money. Easiest way is you get an equity line of credit on your home or your parents home (once you find an actual property to flip that’s the hardest part) doesn’t matter the interest rate as long as you can borrow enough to buy and renovate then sell. Within 6 months (depending how long Reno takes) you will have that line of credit paid off plus some extra money on your proceeds which you should use for the next flip.

Think of it this way, money opens doors for you to make more money. That’s why rich will always get richer and poor will always get poorer. Never let your money just sit in a savings account or IRS or mutual fund because then the bank uses your money to make themselves richer. Use what you have saved up. I’m sure in Kansas there has to be properties that are 50k. Maybe you polish that terd and make it move in condition and make 10-20k

Last edited by joeko23; 08-08-2018 at 08:51 PM.
Reply With Quote
  #6083  
Old 08-09-2018, 12:00 PM
rustomatic rustomatic is offline
Senior Member
 
Join Date: Apr 2014
Location: ATL
Posts: 746
Thanks: 11
Thanked 57 Times in 35 Posts
Default

Mike, Jim Cramer was banned from trading (stocks) years ago. He had a hedge fund and did . . . typical hedge fund things, but got caught; he is an entertaining and knowledgeable guy (TV personality!), but he's telling you (literally) yesterday's news. Sites like Motley Fool are paid to pump stocks (by writing crap that makes them sound appealing), which leads to buying in the midst of a (sometimes institutional/insider) dump. CNBC is designed to sell advertising, itself, and services, like all TV.

With easy "information," you get what you pay for, which is nothing. Read Benjamin Graham, maybe some George Soros, and use the education features that come with trading accounts you can get through companies like TD Ameritrade (or others) for free. Try a book like Trading (or Investing) For Dummies--it sounds offensive, but the information tends to be pretty good. Most books you'll find at Barnes and Noble on investing, however, tend to be junk. There's some decent content on YouTube . . .

Quote:
Originally Posted by glassman View Post
Who do you all read/watch for business/trading news

Morningstar?
Motley Fool?(fee based i believe)
CNBC?
Bloomberg?
Seeking Alpha?
Cramer? (Mad Money)

suggestions? experiences with reliability....

Last edited by rustomatic; 08-09-2018 at 12:02 PM.
Reply With Quote
The Following User Says Thank You to rustomatic For This Useful Post:
glassman (08-10-2018)
  #6084  
Old 08-09-2018, 08:40 PM
glassman's Avatar
glassman glassman is offline
Lateral-g Supporting Member
 
Join Date: Apr 2012
Location: Livermore
Posts: 2,445
Thanks: 111
Thanked 83 Times in 61 Posts
Default

Quote:
Originally Posted by rustomatic View Post
Mike, Jim Cramer was banned from trading (stocks) years ago. He had a hedge fund and did . . . typical hedge fund things, but got caught; he is an entertaining and knowledgeable guy (TV personality!), but he's telling you (literally) yesterday's news. Sites like Motley Fool are paid to pump stocks (by writing crap that makes them sound appealing), which leads to buying in the midst of a (sometimes institutional/insider) dump. CNBC is designed to sell advertising, itself, and services, like all TV.

With easy "information," you get what you pay for, which is nothing. Read Benjamin Graham, maybe some George Soros, and use the education features that come with trading accounts you can get through companies like TD Ameritrade (or others) for free. Try a book like Trading (or Investing) For Dummies--it sounds offensive, but the information tends to be pretty good. Most books you'll find at Barnes and Noble on investing, however, tend to be junk. There's some decent content on YouTube . . .
No doubt, i hear what your saying. I just want to keep up with fundamental changes of the larger companies we invest in. Like new products, or change in leadership, etc etc....
I, like many of us here, very much subscribe to the Peter Lynch (One Up On Wall Street '87, head of the Fidelity Magellan fund 80's and 90's) school of thought. "If you like it, or theres a line, buy the stock/business"

KISS

thanx for all your feedback, appreciate it, mike
__________________
Mike
Reply With Quote
  #6085  
Old 08-10-2018, 12:44 PM
Try2paz's Avatar
Try2paz Try2paz is offline
Senior Member
 
Join Date: Dec 2011
Posts: 254
Thanks: 1
Thanked 6 Times in 6 Posts
Default

I like Motley Fool.. but with some caveats.

They seem to have two lines of web fronts.

Option A.. is using Cramers name all over pump and dump articles. It's click bait.

Option B.. Is a podcast that generally just gives a state of the union on the market for that week (report on earning calls etc). They also have a subscription option that they have a variety of profiles that has stock picks selected. I don't see how that could be viewed as pump and dump as they show you buy date / buy price / and if they sell etc. I've know a few people that just do option B and buy the same day and sell the same day and they have had a nice return for many years.
__________________
1967 Nova
2018 Camaro ZL1 1LE
Reply With Quote
The Following User Says Thank You to Try2paz For This Useful Post:
glassman (08-10-2018)
  #6086  
Old 08-10-2018, 04:59 PM
GregWeld's Avatar
GregWeld GregWeld is offline
Lateral-g Supporting Member
 
Join Date: Jul 2005
Location: Scottsdale, AriDzona
Posts: 20,642
Thanks: 504
Thanked 1,076 Times in 384 Posts
Default

Remember please -- the basics -- you don't need Motely TOOL --- or CNBC -- or the wall street journal. If you think you do -- then you've misread everything here.
Reply With Quote
  #6087  
Old 08-15-2018, 05:46 PM
GregWeld's Avatar
GregWeld GregWeld is offline
Lateral-g Supporting Member
 
Join Date: Jul 2005
Location: Scottsdale, AriDzona
Posts: 20,642
Thanks: 504
Thanked 1,076 Times in 384 Posts
Default Interesting

Great read --- guy retires at 34 with 200K "passive" income... passive being -- it's not EARNED income == so taxes for the most part are going to be very favorable....


https://www.businessinsider.com/how-...-estate-2018-8
Reply With Quote
The Following User Says Thank You to GregWeld For This Useful Post:
captainofiron (09-12-2018)
  #6088  
Old 08-16-2018, 09:01 AM
GregWeld's Avatar
GregWeld GregWeld is offline
Lateral-g Supporting Member
 
Join Date: Jul 2005
Location: Scottsdale, AriDzona
Posts: 20,642
Thanks: 504
Thanked 1,076 Times in 384 Posts
Default

Today is a CLASSIC example of why it's so wrong to attempt to "time" the market....

If you've been holding WALMART --- you just picked up 10% gain....

This is exactly what happens OVER TIME..... but you have to be a holder (not just this name) to ride the big jumps....

Of course -- if you're not really an "investor" -- then you'll be out when things go great and in when they suck.

Remember -- in many cases - your leaders will change!! I've had a loser in ETP for a very long time - it went from hero to zero when oil tanked..... but now -- is a gainer again. YEAH -- it's tough to hold while it's glowing red... but overall -- I believed in the original thesis... "they have the pipes" -- oil and gas flow thru pipes. Not trying to sell it -- just trying to use this as one example.
Reply With Quote
The Following User Says Thank You to GregWeld For This Useful Post:
toy71camaro (08-16-2018)
  #6089  
Old 08-16-2018, 01:21 PM
WILWAXU WILWAXU is offline
Lateral-g Supporting Member
 
Join Date: Mar 2008
Location: San Diego, CA
Posts: 1,001
Thanks: 1,209
Thanked 131 Times in 86 Posts
Default

Quote:
Originally Posted by GregWeld View Post
Today is a CLASSIC example of why it's so wrong to attempt to "time" the market....

If you've been holding WALMART --- you just picked up 10% gain....

This is exactly what happens OVER TIME..... but you have to be a holder (not just this name) to ride the big jumps....

Of course -- if you're not really an "investor" -- then you'll be out when things go great and in when they suck.

Remember -- in many cases - your leaders will change!! I've had a loser in ETP for a very long time - it went from hero to zero when oil tanked..... but now -- is a gainer again. YEAH -- it's tough to hold while it's glowing red... but overall -- I believed in the original thesis... "they have the pipes" -- oil and gas flow thru pipes. Not trying to sell it -- just trying to use this as one example.
Nice boost for MCD too.
__________________
John Brown
Instagram @wilwaxu
Facebook @wilwaxu
Reply With Quote
  #6090  
Old 08-16-2018, 07:27 PM
glassman's Avatar
glassman glassman is offline
Lateral-g Supporting Member
 
Join Date: Apr 2012
Location: Livermore
Posts: 2,445
Thanks: 111
Thanked 83 Times in 61 Posts
Default

I'm only up 62% in MCD. wish it was more lol.

Long haul.

Still having fun buying and selling melted sand. Cept' for the people..
__________________
Mike
Reply With Quote
The Following User Says Thank You to glassman For This Useful Post:
WILWAXU (08-17-2018)
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 03:01 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright Lateral-g.net