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Money is like time. It can be used constructively and destructively.
How many of you have found success in the stock market?
any personal stories of success or dismal failure?
thanks
How many of you have found success in the stock market?
any personal stories of success or dismal failure?
thanks
How many of you have found success in the stock market?
any personal stories of success or dismal failure?
thanks
I've made a 60% return in the year and a half since I started trading. I don't want to toot my own horn but that is excellent even in a good market. I don't think it is sustainable though. We will see. You should be able to make money conservatively over the years.
people often compare Stocks to gambling.
do you find this analogy accurate?
(disclaimer: I know jack shit about stocks)
LOL! is this the same guy who jacks 0ff to all things Colin Kaep?
What s the dividend yields?Dividend stocks that I like but never mentioned because I thought private equity could be in trouble cuz of rising rates. Blackstone and Carlyle Group. Blackstone had earnings today. Both of these have great dividends. CG went up just cuz BX did. Blackstone is like the ultimate devil organization. When people think of evil, influential people rigging everything they think Blackstone. And CG was part of many 911 conspiracy theories.
I can tell you what I learned from 2008. Keep 50k in liquid assets, and get rich on Granny's evicted house, in the next crash.
I've made a 60% return in the year and a half since I started trading. I don't want to toot my own horn but that is excellent even in a good market. I don't think it is sustainable though. We will see. You should be able to make money conservatively over the years. That is almost a certainty. I would recommend every person start investing right now if they haven't started. Warren Buffett started at 11 and said he wasted his life till then. lol.
Are you doing this full time now? Or are you also a student or something?
Seems like you've make some pretty quick strides.
How many of you have found success in the stock market?
any personal stories of success or dismal failure?
thanks
Success?
Yes. I put 10% of my base pay in TSP (The GOVT 401k) every month for close to 10 years. I have something like 115k in it right now. Projection of over 200k when I retire in 7 years. I can take it out at 59 1/2 and it should be at 400k at that point at a very modest growth rate.
Yes. I also have 2 brokerage accounts that I buy stock through. I cashed in in 2008. I keep a substantial amount of cash in a money market account from dividends I refuse to re-invest because the market is so high. I intend of cashing in the next recession.
Yes. I continually add to my ROTH IRA. I rarely max it out every year but it is well over 35k now.
No. I am a buy and hold dividend investor. I won't sell. But I don't buy penny crap stock. My stock is like 3M, KO, SYSCO, MSFT, etc that performs. That being said I am sitting on a ton of GE that took a fucking BEATING the last 2 years. I lost a lot of money here. And I rode another company right into the zeroes - a renewable energy stock I was sure was the greatest thing since sliced bread. When Obama was THROWING money at these companies I was sure would work out. Evergreen solar. However, on the other side I invested in Algonquin Power and that has made me money. But I digress - I lost big with GE and Evergreen.
The secret?
Continually saving and investing. Live within my means. Dual income and no kids for the first 18 years of marriage. I don't think I am going to pick the next Google or Amazon. I pick the blue chip stocks and collect dividends year after year after year after year.
I wasn't born rich and I am one of the dumbest people I know. I did construction work and bounced in clubs when I was 20. I was just like most of the people here on this board. I ended up getting my degree and joining the service. I am going to ride my middle class lifestyle into a comfortable retirement.
Unlike most of the guys in this thread I do not play the market. I do not short. I don't mess with margin calls. I save and invest. I am not smart enough and do not have enough time to do all the research necessary. It would cut into my time posting on Sherdog.