STOCK PICKS!

[get it in ya]

any members investing in stocks or retirement accounts? the last several years I have been trying to add when I can. my 3 favorites that I wont sell until I am old are FB, GOOGL, BERK-B. I also always try to max the roth ira every year also. any stocks you guys high on right now?

 

[OutToLunch]

After almost 20 years in finance I prefer to have the pros pick them.

 

[Marvin Martian]

I ONLY invest in things that are collateral backed. Regardless of how informed - smart - lucky a "pro" is - the stock market is one step away from the casino.

There are solid investment strategies that can double your money in 5-7 years and there is TRULY zero risk. Not talking about the - cant lose your principle - "Equity - indexed annuity"

Its sound - solid investing that makes sense.

 

[OutToLunch]

I ONLY invest in things that are collateral backed. Regardless of how informed - smart - lucky a "pro" is - the stock market is one step away from the casino.



There are solid investment strategies that can double your money in 5-7 years and there is TRULY zero risk. Not talking about the - cant lose your principle - "Equity - indexed annuity"



Its sound - solid investing that makes sense.

Not really solid...

http://www.kiplinger.com/article/insurance/T003-C000-S002-an-annuity-you-really-should-avoid.html

http://www.fool.com/retirement/general/2015/04/02/indexed-annuities-are-they-a-good-investment.aspx

 

[Marvin Martian]

Not really solid...

An Annuity You Really Should Avoid-Kiplinger

Indexed Annuities -- Are They a Good Investment? -- The Motley Fool

Exactly - that's why I said I invest in NOTHING having to do with the market. You made my point - equity based annuities suck.

If you read my post you see that I only invest in collateral backed products. The banks don't simply "speculate" when lending - most loans are backed by tangible collateral.

 

[Marvin Martian]

After almost 20 years in finance I prefer to have the pros pick them.

The "pros" are simply gambling just like the novices. I haven't lost a dollar since I left the market. I work too hard in my businesses (one being banking) to gamble.

 

[OutToLunch]

How do you feel about index funds from vanguard and ETFs?

 

[Marvin Martian]

^^ I honestly cant speak intelligently on them. I don't want to come across as if I think I am an industry expert. In fact - I obviously am not - as I have literally lost hundreds of thousands of dollars. Not all of that was in the market and much of it was from personal "issues" - but in 2007 & 2008 I had some bad advice and made some dumb moves in retrospect.

Now I just invest in lending. Business's need cash and often need it quickly. Many of them have never needed credit and don't have a long history. If they have strong revenue history and most importantly COLLATERAL (typically building - real estate) then often a short term loan can be perfect for them. The rates are pretty high - but this isn't meant to be a long term loan.

There are millions of small / mid-size businesses out there and MANY need capital in order to grow. Sometimes a $250,000 - $500,000 loan for equipment can easily be paid off in a year as it increases monthly revenue by $75,000 or more. That's just an example - but it makes sense. If the investors can make 12-18% and are protected by the fact that the very building that this business operates out of has $1,000,000 in equity - its a win all the way around. Many borrowers are repeat clients.

 

[get it in ya]

I disagree about gambling. yes if you time the market you will lose, if you buy penny stocks you will lose. if you buy rock solid companies that pay dividends mixed with growth stocks you can become very wealthy in time. I am talking about long term, 10 years or longer. when the stocks I have drop I buy more because I believe in the business. if your not a stock guy buy a simple ETF like SPY that tracks the S&P and let it work. the history of stock market the S&p has gone up a avg of 9 percent a year, long term you will never lose. as long as your not stupid and sell when market crashes. everyone has fears of a market crash, I will welcome a crash or correction all day because the prices drop

 

[richiec]

I disagree about gambling. yes if you time the market you will lose, if you buy penny stocks you will lose. if you buy rock solid companies that pay dividends mixed with growth stocks you can become very wealthy in time. I am talking about long term, 10 years or longer. when the stocks I have drop I buy more because I believe in the business. if your not a stock guy buy a simple ETF like SPY that tracks the S&P and let it work. the history of stock market the S&p has gone up a avg of 9 percent a year, long term you will never lose. as long as your not stupid and sell when market crashes. everyone has fears of a market crash, I will welcome a crash or correction all day because the prices drop

When the market "crashed" in 2008 I believe it was, my mom had quite a bit of money in there and was freaking out. She asked my opinion on what she should do, I told her to ride it out because the market is and always has been cyclical. She listened and recouped most all of her money. My father-in-law, however, panicked and got out. Needless to say, he's dead broke now. Went from a multi-millionaire to broke. Not because of the stocks, but because he's a gambling addict, but couple that with taking all his money out, disaster. Had he left it alone, he's of been able to continue his "lifestyle" (as they call it) and still have money

 

[get it in ya]

When the market "crashed" in 2008 I believe it was, my mom had quite a bit of money in there and was freaking out. She asked my opinion on what she should do, I told her to ride it out because the market is and always has been cyclical. She listened and recouped most all of her money. My father-in-law, however, panicked and got out. Needless to say, he's dead broke now. Went from a multi-millionaire to broke. Not because of the stocks, but because he's a gambling addict, but couple that with taking all his money out, disaster. Had he left it alone, he's of been able to continue his "lifestyle" (as they call it) and still have money

hi brother. never sell like you said during a correction or crash. in the history of the market there has been 31 corrections or crashes. all 31 times the market has come back stronger after, 31 for 31. I am a long term investor. if I buy a stock I keep buying shares for years as long as business is still good of course, dollar cost averaging. so I add shares when they are high and low. that is not gambling. it is hard not to be emotional because its money but never sell out of emotion like your father in law, that's when its a realized loss. the stock market is not gambling, you can sure make it gambling if your not smart about it. I personally enjoy the market being down since I am buying

 

[richiec]

hi brother. never sell like you said during a correction or crash. in the history of the market there has been 31 corrections or crashes. all 31 times the market has come back stronger after, 31 for 31. I am a long term investor. if I buy a stock I keep buying shares for years as long as business is still good of course, dollar cost averaging. so I add shares when they are high and low. that is not gambling. it is hard not to be emotional because its money but never sell out of emotion like your father in law, that's when its a realized loss. the stock market is not gambling, you can sure make it gambling if your not smart about it. I personally enjoy the market being down since I am buying

Agreed! When I say he's a gambler, I mean casino gambling.

 

[get it in ya]

Agreed! When I say he's a gambler, I mean casino gambling.

Gamblers lose lol. I have it also, i had to stop scratching ticketts because i was losing alot of money. Its the addict in me

 

[bxbomber]

Gamblers lose lol. I have it also, i had to stop scratching ticketts because i was losing alot of money. Its the addict in me

Haha scratching tickets had gotten me once or twice lol
I feel your pain there.

-bx

 

[get it in ya]

Haha scratching tickets had gotten me once or twice lol
I feel your pain there.

-bx

them damn tickets, cardboard crack lol

 

[Marvin Martian]

I disagree about gambling. yes if you time the market you will lose, if you buy penny stocks you will lose. if you buy rock solid companies that pay dividends mixed with growth stocks you can become very wealthy in time. I am talking about long term, 10 years or longer. when the stocks I have drop I buy more because I believe in the business. if your not a stock guy buy a simple ETF like SPY that tracks the S&P and let it work. the history of stock market the S&p has gone up a avg of 9 percent a year, long term you will never lose. as long as your not stupid and sell when market crashes. everyone has fears of a market crash, I will welcome a crash or correction all day because the prices drop

You are right - because you can NEVER time the market consistently. Period - no one can and anyone saying they can is lying.

I have done well on very few penny stocks but I only have invested when I had a TON of info and wasn't looking to hit grand slams.

 

[get it in ya]

You are right - because you can NEVER time the market consistently. Period - no one can and anyone saying they can is lying.

I have done well on very few penny stocks but I only have invested when I had a TON of info and wasn't looking to hit grand slams.

exactly. I did very well years ago on marijuana penny stocks for a few months then lost it all just as fast. I will never buy a penny stock again, i'd rather buy a scratch ticket lol.

 

[Marvin Martian]

exactly. I did very well years ago on marijuana penny stocks for a few months then lost it all just as fast. I will never buy a penny stock again, i'd rather buy a scratch ticket lol.

You at least have a fair chance at a scratch off. Plus there is just something fun about scratching that silver stuff !!

 

[get it in ya]

You at least have a fair chance at a scratch off. Plus there is just something fun about scratching that silver stuff !!

2 people i know hit a mil on a tickett. I had a smart idea and bought a total of 9 books of $10 ticketts and a few $20 books last year. Out of the 9 books we got our money back on one book and the largest winner was $500 which is crap. It made me realize how bad the lottery was. Its fun but the chance of hitting big is awful, just awful

 

[j4ever]

I play with penny stocks from time to time, mostly I will watch a stock for a week or so to see if there is a pattern, such as it will have a pop when the market opens followed by a decline, I do not try to make big money, I will buy a stock that is 2-5$ per share, throw 10k at it, and get back out quick and make anywhere from 100-600, but yeah you can lose your ass on those, I always tell people that want to try it, to not put in anymore money than you can afford to lose.