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re: What is a good way to get into the stock market
Posted on 1/31/17 at 12:35 pm to Vols&Shaft83
Posted on 1/31/17 at 12:35 pm to Vols&Shaft83
Start up a pyramid scheme for these people. Lmao.
Posted on 1/31/17 at 2:00 pm to Hawgnsincebirth55
Don't Borrow Money to Invest.
Posted on 1/31/17 at 2:33 pm to Hawgnsincebirth55
Sideways at first then when you gain a little experience you can straighten out.
Posted on 1/31/17 at 3:28 pm to Hawgnsincebirth55
Had a boss in the mortgage business teach me an invaluable lesson over 10 years ago. I am super inquisitive by nature and was always interesting in testing the limits of our in house guidelines for the mortgage products we offered. I was in his office all the time asking questions and wanting to know about this, that or the other.
I went from a new hire to a nuisance in short order. I was also using him as a crutch and preventing myself from mastering our guidelines on my own much more quickly than just asking him everything.
So he made me bring my guidelines in along with my scenario and prove to him that I researched on my own regarding the subject I was asking about before I could ask my question.
In other words, do your own research before you ask me so YOU can show me you're learning before I help.
I sat in line with a girl I've been taking classes with since January relating to a certification exam we are both took yesterday morning. She's doing it for work. I'm doing it because there are several side hustles I'll use it for to supplement my income for away from the office. I haven't shared my plans with ANYONE else in the class. Simply put none of them showed up, or expressed anything other than an eye-rolling excuse of, "Inhave to do this for work and they're making me take the class," so to me, they don't deserve me telling them about the money that can be made using this certification.
But this little girl is getting it for work but mentioned she has been looking for part time work outside of their company. She's newly divorced, technologically challenged and was wondering if our certification could be used to help accomplish it.
She told me how she'd tried Googling but evidently her skills are limited. So I opened up chapter and verse on exactly what and how. Once we talked, she proved to me she had done the work beforehand and researched to the best of her ability and still had questions.
In short, she'd done her work up front.
In short, you haven't. So I apologize if my creativity or knowledge isn't something I'd prefer to let you use while you stand on my shoulders to make yourself more successful. How about you put in more effort than just making a post on here asking how to make a quick buck?
It sure as hell worked for me, and it worked for my classmate. It might just work for you too if you put a little more effort into it.
I went from a new hire to a nuisance in short order. I was also using him as a crutch and preventing myself from mastering our guidelines on my own much more quickly than just asking him everything.
So he made me bring my guidelines in along with my scenario and prove to him that I researched on my own regarding the subject I was asking about before I could ask my question.
In other words, do your own research before you ask me so YOU can show me you're learning before I help.
I sat in line with a girl I've been taking classes with since January relating to a certification exam we are both took yesterday morning. She's doing it for work. I'm doing it because there are several side hustles I'll use it for to supplement my income for away from the office. I haven't shared my plans with ANYONE else in the class. Simply put none of them showed up, or expressed anything other than an eye-rolling excuse of, "Inhave to do this for work and they're making me take the class," so to me, they don't deserve me telling them about the money that can be made using this certification.
But this little girl is getting it for work but mentioned she has been looking for part time work outside of their company. She's newly divorced, technologically challenged and was wondering if our certification could be used to help accomplish it.
She told me how she'd tried Googling but evidently her skills are limited. So I opened up chapter and verse on exactly what and how. Once we talked, she proved to me she had done the work beforehand and researched to the best of her ability and still had questions.
In short, she'd done her work up front.
In short, you haven't. So I apologize if my creativity or knowledge isn't something I'd prefer to let you use while you stand on my shoulders to make yourself more successful. How about you put in more effort than just making a post on here asking how to make a quick buck?
It sure as hell worked for me, and it worked for my classmate. It might just work for you too if you put a little more effort into it.
Posted on 1/31/17 at 7:25 pm to Hawgnsincebirth55
My advice would be to get a Robinhood or Sharebuilder account, set aside a few hundred a month and start to DCA into companies you know and believe in. Once you build up a sufficient balance in "safe" holdings you can start taking a bit more risk with your trades. But learn the market before you get burned by the market.
Posted on 1/31/17 at 8:54 pm to Hawgnsincebirth55
quote:Keep your money in a savings account if that is what you are looking to do. It sounds like you'd lose it all immediately
When I say quick buck I mean a couple hundred a month or less even. I'm in college and currently don't have a side job and looking for a way to get beer money basically
This post was edited on 1/31/17 at 8:56 pm
Posted on 1/31/17 at 9:29 pm to Hawgnsincebirth55
Best plan is skip the stock market and invest directly in cocaine and hookers now.
Posted on 2/1/17 at 9:11 am to lsugradman
Thank you for an actual answer
Posted on 2/1/17 at 9:15 am to Hawgnsincebirth55
quote:
Thank you for an actual answer
While most made light of it, they also gave "actual answers". You are out of your mind if you think you are going to get spending money messing around in the market. You want some side cash, donate some plasma or sperm. That would be my "actual answer".
Posted on 2/1/17 at 9:21 am to OnTheBrink
I just wanted some tips on how to best get into it. I probably won't put any money in until a couple months past and I watch the market and use paper money to see how I would fair. But I feel like most on this board don't really understand what I was asking. I'm not trying to treat the stock market like a casino if and that's what most in this thread seem to think I am
Posted on 2/1/17 at 9:34 am to Hawgnsincebirth55
quote:
I just wanted some tips on how to best get into it. I probably won't put any money in until a couple months past and I watch the market and use paper money to see how I would fair. But I feel like most on this board don't really understand what I was asking. I'm not trying to treat the stock market like a casino if and that's what most in this thread seem to think I am
Although I do not use Robin Hood, that may be your best bet as the poster above said. Especially for someone like yourself who doesn't have a lot of money.
I think the better way to look at it from your perspective is to look at the money you put in as gone and learn from it, opposed to the making extra spending money angle.
This post was edited on 2/1/17 at 9:34 am
Posted on 2/1/17 at 11:58 am to OnTheBrink
I won't be putting any actual money in for awhile. I wanna get a better understanding of the market before I bet any real money
Posted on 2/1/17 at 5:46 pm to Hawgnsincebirth55
Telling someone who asks how to make a quick buck off the stock market that he can use the Robinhood app is like telling someone who asks how to get to the moon to just get in a spacecraft.
Posted on 2/1/17 at 5:48 pm to Jon Ham
Wtf. I'm not going to actually put money in until I've got a better understanding of it
Posted on 2/1/17 at 7:09 pm to Hawgnsincebirth55
I was in your shoes just a year ago. A year ago I decided to starting learning about trading. Before I even learned anything I got my feet wet with a small trade, but I understood at that time I was simply gambling.
I'm happy to share the little knowledge I've gained over the last year if you have any more-specific questions for the board.
What do you think you need a better understanding of in order to get started?
I'm happy to share the little knowledge I've gained over the last year if you have any more-specific questions for the board.
What do you think you need a better understanding of in order to get started?
Posted on 2/1/17 at 7:53 pm to Jon Ham
How much have you made/lost? What stocks are you high on?
Posted on 2/1/17 at 8:14 pm to Hawgnsincebirth55
Beer money? Go to Amazon Mechanical Turk. The pay per hour ducks but you should be able to swing a few bucks a week.
Posted on 2/1/17 at 9:10 pm to Paul Allen
quote:
How much have you made/lost? What stocks are you high on?
I've completed 5 trades since starting in February last year and profited $637 for almost a 19% ROI (I realize the market beat me by a little). I started out very small and quickly learned how badly a $7 transaction fee can eat at your ROI when trading small.
I currently like Bayer AG as a long term investment ( My first Bayer thread, my 2nd Bayer thread), although I just had to sell my BAYRY stock because I'm about to buy a house and need the cash.
I don't actively investigate stocks and look for deals on a daily basis. I don't study the market as a whole anymore than just keeping up with daily news like most people. I buy one stock at a time after doing research and trying to learn new things. It's more of a hobby and educational experience for me with the benefit of potentially earning a little money or at least hopefully getting more return on my cash than my savings account gives me.
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