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1
Posted on 6/26/14 at 1:32 pm to bayoubengals88
I did. But aivi is going bananas.
Posted on 6/26/14 at 1:34 pm to bayoubengals88
quote:
I'm not intelligent enough to know why, though I have a couple of guesses.
Your statement couldn't be further from the truth.
The principal value of a savings acount doesn't change hundreds of times per day.
Posted on 6/26/14 at 1:47 pm to TheHiddenFlask
I was merely stating that one would be hard pressed to find a more stable company on Loyal3. I understand that stocks are far more volatile than any "high yield" savings account (there's really no comparison).
Even still, If I put 10k in both an online account and KO...
10 years from now, KO wins.
Hell, the dividend from KO would probably be better than the interest on the online account (even if it never increased!)
Even still, If I put 10k in both an online account and KO...
10 years from now, KO wins.
Hell, the dividend from KO would probably be better than the interest on the online account (even if it never increased!)
Posted on 6/26/14 at 1:48 pm to poochie
quote:hahaha. That situation is definitely an outlier. And you probably couldn't make an actual profit on those gains due to low volume.
But aivi is going bananas.
This post was edited on 6/26/14 at 1:49 pm
Posted on 6/26/14 at 1:58 pm to bayoubengals88
quote:
Even still, If I put 10k in both an online account and KO...
10 years from now, KO wins.
Hell, the dividend from KO would probably be better than the interest on the online account (even if it never increased!)
The problem is that you really have no idea if that's the case or not.
Well, that is unless you can see the future... In which case, my guess is there are better things to invest in than KO.
Posted on 6/26/14 at 2:06 pm to kennypowers816
quote:I'd say we all have at least some idea that most of the blue chips will still be blue chips 10 years from now. Coke is one of them. I don't own a single share of it, buy I'd be comfortable starting a college fund in it for a future kid.
The problem is that you really have no idea if that's the case or not.
With your sentiment (and the Hidden Flask for that matter) why invest at all? Nothing is known of course, but we have a pretty good idea about the future of many of the blue chips.
I'd never "buy and hold" most tech companies, but like TheBigFella used to say, coke and cereal will still be consumed during a recession. It's a simple and solid argument IMO.
This post was edited on 6/26/14 at 2:09 pm
Posted on 6/26/14 at 2:13 pm to bayoubengals88
Kodak says what's up.
Posted on 6/26/14 at 2:19 pm to TheHiddenFlask
Hahaha...I knew that was coming. In my defense, I said MOST and that was technically a tech company right?
We don't eat or drink film.
I understand that nothing is fool proof.
We don't eat or drink film.
I understand that nothing is fool proof.
Posted on 6/26/14 at 2:22 pm to bayoubengals88
No one was banning super gulp sized film rolls either.
I get what your saying, and in a discussion between knowledgable investors, that comment isn't flamboyant, but to a novice, that's terrifyingly misleading.
I get what your saying, and in a discussion between knowledgable investors, that comment isn't flamboyant, but to a novice, that's terrifyingly misleading.
Posted on 6/26/14 at 2:27 pm to TheHiddenFlask
quote:
I get what your saying, and in a discussion between knowledgable investors, that comment isn't flamboyant, but to a novice, that's terrifyingly misleading.
Gotcha. I've studied the stock market (informally) for a whopping two months. But I learn a lot from arguments unlike most people. I've even been known to change my mind
Are you a financial advisor by chance?
This post was edited on 6/26/14 at 2:28 pm
Posted on 6/26/14 at 2:37 pm to bayoubengals88
Banker.
Posted on 6/26/14 at 2:41 pm to TheHiddenFlask
I figured it was one of the two. Now I understand your first comment in this thread. 
Posted on 6/26/14 at 2:54 pm to bayoubengals88
quote:
I figured it was one of the two. Now I understand your first comment in this thread.
I don't deal with that kind of thing professionally, but when people find out my job, I usually have to explain those kinds of things away.
Posted on 6/26/14 at 2:58 pm to bayoubengals88
quote:
With your sentiment (and the Hidden Flask for that matter) why invest at all? Nothing is known of course, but we have a pretty good idea about the future of many of the blue chips.
I don't mean to speak for TheHiddenFlask as he is typically much more eloquent and concise than I am. Not to mention, knowledgeable. But I think he would agree with me that there may be a tendency to overlook the risk mitigation achieved when diversifying through a fund as opposed to buying an individual blue chip or 2 or 5.
The point of a savings account is that there is virtually no possibility of loss of principle. KO may seem stable and free of risk relative to say a CAK or PAL (that you are familiar with), but it is by no means an insured, guaranteed return (albeit small) backed by the FDIC (aka a savings account).
Posted on 6/26/14 at 3:07 pm to kennypowers816
quote:
The point of a savings account is that there is virtually no possibility of loss of principle. KO may seem stable and free of risk relative to say a CAK or PAL (that you are familiar with), but it is by no means an insured, guaranteed return (albeit small) backed by the FDIC (aka a savings account).
Of course. I was just trying to relate to the OP that if he wished to adopt the buy and hold strategy, the easiest and cheapest way would be to buy KO through Loyal3.
It's obviously not as safe as an insured savings account, but its a whole lot safer than "trading" with $500.
Posted on 6/26/14 at 7:41 pm to poochie
td ameritrade, paper trade with thinkorswim or mess around on investopedia
Posted on 6/26/14 at 7:47 pm to deSandman
quote:
What do you mean by "have fun trading with it"?
I mean exactly that.
quote:
If you are talking about trying to pick random stocks to buy and then sell over a short period of time, or playing around with options and the like, my advice is to just take half of the money you were thinking about using, light it on fire, and then call it a win.
I dont want to set my money on fire. That's not fun. I go to the casino often and it doesnt matter if i win or lose on that night. It's the thrill of the game. I pay for the entertainment. If i win great, if i lose, well atleast i had a good time. If you look at each stock as a gamble then its just fun to try and pick winners. I dont think I'll suddenly be a millionaire and i might lose it all eventually but i just wanted to put in a small amount (like $500) and basically day trade and bullshite around. I'm not looking to invest for retirement, just have some fun in the stock market.
I was wondering what the best site for something like that is, if it exists. So far it looks like the lowest one guy said is $5 per trade.
This post was edited on 6/26/14 at 7:50 pm
Posted on 6/26/14 at 9:02 pm to Breesus
Yeah. If that's what you want to do you might want to try TradeKing, but even still $1,000 will be better than $500 considering the $4.95 commission.
Posted on 6/27/14 at 8:53 am to Breesus
quote:
I dont want to set my money on fire. That's not fun. I go to the casino often and it doesnt matter if i win or lose on that night. It's the thrill of the game. I pay for the entertainment. If i win great, if i lose, well atleast i had a good time. If you look at each stock as a gamble then its just fun to try and pick winners. I dont think I'll suddenly be a millionaire and i might lose it all eventually but i just wanted to put in a small amount (like $500) and basically day trade and bullshite around. I'm not looking to invest for retirement, just have some fun in the stock market.
I was wondering what the best site for something like that is, if it exists. So far it looks like the lowest one guy said is $5 per trade.
A lot of the sites offer a certain number of free trades or a certain time period of free trades, just look around and see what seems like the best offer (be sure to check if there are limits on how long you have to hold for it to remain commission free).
I'm assuming you want to invest your $500 in more than a single stock, in which case even $5 commissions will cut significantly into any profits you might make.
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