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05-27-2020, 08:47 PM | #5011 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Exactly. And unless you do some serious ****ing homework you are pretty much subjected to the Random Walk Theory. Or "a rising tide lifts all boats" if you will. I mean if it were so easy to pick out the next Apple or Netflix or Roku everyone would be ****ing rich as hell.
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Posts: 129,512
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05-27-2020, 08:52 PM | #5012 |
MVP
Join Date: May 2001
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NAIL over 31. Still riding it.
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Posts: 18,224
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05-27-2020, 08:52 PM | #5013 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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I'll tell you now, if you think you are going to "get rich quick" picking stocks or even worse, penny stocks then you might as well go to the casino and play craps. You literally will have better odds.
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Posts: 129,512
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05-27-2020, 08:54 PM | #5014 |
MVP
Join Date: Jan 2012
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I do remember years ago reading "Beating the Street" by Peter Lynch and if memory serves, he showed a group of 10 year olds picking stocks that beat the "Street" lol.....
I`m not mocking anyone but that part of his book resonated with me. |
Posts: 6,165
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05-27-2020, 08:54 PM | #5015 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,512
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05-27-2020, 08:56 PM | #5016 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Peter Lynch had a very simple yet very confusing (for some) approach. "Invest in what you know". Pier 1 Imports was an example he loved to use. You go to Pier 1 and you see it's packed. "Hmmm, perhaps I should buy this stock. They seem to be doing a lot of business".
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Posts: 129,512
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05-27-2020, 08:57 PM | #5017 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,093
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05-27-2020, 09:00 PM | #5018 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,512
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05-27-2020, 09:06 PM | #5019 | |
I'll be back.
Join Date: Nov 2002
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Quote:
But because of PISS POOR CHIEFSPLANET ADVICE I'm now playing the pandemic to regain my losses. And nearly there. Hell, I should have been a lot less conservative, I would have made all my money back on MARK and VTIQ already, instead of just half. Got out too early. No matter. I'll make it back, and a far higher percentage than you will election night. PROVE IT, CHUMP. |
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Posts: 286,545
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05-27-2020, 09:12 PM | #5020 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
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Posts: 129,512
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05-27-2020, 09:17 PM | #5021 | |
Veteran
Join Date: Oct 2002
Location: Bismarck
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Quote:
In the long run (in my case at least) mutual funds and stable dividend stocks are better choices. I still play around with individual stocks and penny stocks. Nothing big, I put a grand in a TD ameritrade account last summer, haven't added anymore, and I'm up about 110 bucks. That's a terrible rate of return for a year. Granted, I'm not a skilled trader. There's been some WILD swings, but like pete said...it's my casino money. I don't go out much, and playing in the stock market has replaced my online gaming entertainment. I do it for fun, and know full well that it's not going to make me rich. |
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Posts: 1,317
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05-27-2020, 09:20 PM | #5022 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
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Posts: 129,512
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05-27-2020, 09:47 PM | #5023 | |
Spooky Action
Join Date: Dec 2003
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Quote:
...but I get it. Buy and hold threads aren't any fun OTOH. |
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Posts: 6,418
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05-27-2020, 10:07 PM | #5024 | |
I'll be back.
Join Date: Nov 2002
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Quote:
I lost money on IQ LAST YEAR and lewdog likes to raz me about IBIO...despite the fact I made a shit ton of money on it...and am currently in the green on...and waiting for it to go nuclear. So put up or shut up. I'll be waiting... |
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Posts: 286,545
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05-27-2020, 10:07 PM | #5025 | |
MVP
Join Date: Dec 2018
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Quote:
https://business.financialpost.com/p...t-would-happen |
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Posts: 7,393
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