Share prices

Discussion in 'Business & Economics' started by Xelasnave.1947, Mar 11, 2020.

  1. Xelasnave.1947 Valued Senior Member

    Messages:
    6,586
    I have lost so much in the last couple of weeks I want to slash my wrists.
    Otherwise life is good.
    When to buy?
    What to buy?
    Will the world survive?
    Is toilet paper worth more than share script?
    Any super left?
    Will net worth be measured in baked beans?
    Is fear being used to put blood in the streets for a buying spree of the elite?
    Thoughts?
    Alex
     
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  3. sculptor Valued Senior Member

    Messages:
    6,614
    It's only money
    that being said
    this market belongs to the traders
    .............
    Trim tab
    That's what Bucky Fuller began to see himself as............
    7 billion of us on the planet and , most likely, less than 200,000 cases of covid-19--
    trim tab-----------------*a small rudder within a bigger rudder controls the big rudder with only the power needed to control the small rudder.
    or
    mass insanity is running amok?
     
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  5. Jeeves Valued Senior Member

    Messages:
    4,261
    Don't. Somebody would have to clean up, and they'd be paid in scrip-in-a-wheelbarrow and curse your name all the way to the breadline. Who needs post-mortem hostility?
    Hold fast to that!
    If you have the liquid, now's great.
    food
    Yes. Civilization, not for long, but probably past this crisis.
    It's softer and doesn't clog the drains. You don't want to go reaming out those drains!
    If you mean super, no; Marvel's gobbled it up.
    If you mean supper, yes, you're welcome to a bowl of vegetarian chili.
    Could be worse. What kind of fillings do your teeth have?
    They don't need it. In fact, the street kind of blood is very bad for business: they prefer to keep the carnage in some far-off shithole country they can arm now and write off later.
    Gloomy, but with a forecast of some light before the sunset.
     
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  7. Xelasnave.1947 Valued Senior Member

    Messages:
    6,586
    But it's my money ... We should not be apart...
    It's the old "the sky is falling scam" driven by the media.
    Follow the money... who will benefit?
    Alex
     
  8. Xelasnave.1947 Valued Senior Member

    Messages:
    6,586
    I wish. You can buy blue chip and expect a 30% jump when the thing settles.
    One speculative share I watch down to $1-40 from $2-20 which has been as high as $35 ..an Australian miner with rate Earths outside China. I expect it to drop to -60 cents and in time pass $35...
    Baked beans.
    I will buy a farm in Afffghanistan.
    Alex
     
  9. Jeeves Valued Senior Member

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    4,261
  10. Bowser Right Here, Right Now Valued Senior Member

    Messages:
    8,592
    Time to buy...maybe, depending on whether it will continue to drop.
     
  11. Xelasnave.1947 Valued Senior Member

    Messages:
    6,586
    I think so.
    Try the game I am playing . Start with an imaginary amount and see if you can make imaginary money...
    Alex
     
  12. Bowser Right Here, Right Now Valued Senior Member

    Messages:
    8,592
    Years back someone started a thread where everyone started with an imaginary amount of money to play the market, and kept track of our progress. I lost my ass when the market took a dive. It was educational.
     
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  13. Bowser Right Here, Right Now Valued Senior Member

    Messages:
    8,592
    Good time to refinance your house if you have one.
     
  14. sculptor Valued Senior Member

    Messages:
    6,614
    amen

    ...........................
    that being said, I went long abbv monday(up nicely)
    = less than 10% cash now
    -------------
    so tempting to take a short term gain and reload for the next dip
    but
    I was a lousy stock trader 20 years ago
    (joke-------------------the market has gone viral)
    ?
     
  15. CptBork Robbing the Shalebridge Cradle Valued Senior Member

    Messages:
    6,093
    I remember doing this in grade 8 as a class exercise. There were people who thought a stock selling for $1/share has a better chance of earning a return than stocks selling for $5/share, as if they're all prone to going up by the same amount.

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    I made my first real investments about 1 month before 9/11, managed to earn a 25% profit for the month, 9/11 made a mess of everything but I still managed to cash out with my 25% profit once the chaos settled down. Invested and made good profits later on another company, then read an analyst warning to sell ASAP and am very glad I followed the advice.

    Unless you have intimate knowledge of the industry you're investing in, or you're content with playing it safe and making a modest 10% annual profit, you're just gambling at a casino where the odds of breaking even or making a small profit are slightly in your favour, but the losses are every bit as unforgiving. I know one guy with the brains of a chipmunk who likes to boast about one single successful gamble on marijuana stocks he made as an investment advisor, as if he's a living god. He'd fail even remedial high school math if he had to repeat it now at this age, and he hasn't been promoted to any sort of upper management role, so to hear him speak of his own brilliance is a difficult ordeal to endure (plus everyone remembers him as a total prick from childhood).

    I imagine biotech stocks in areas relevant to the Coronavirus must be surging, but sadly it's not like every other investor on the market hasn't considered this opportunity by now and priced their shares accordingly.
     
  16. Seattle Valued Senior Member

    Messages:
    5,429
    "Settle for a modest 10% annual gain"? You'll double your money every 7 years at that rate. That's hardy modest.
     
  17. Seattle Valued Senior Member

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    5,429
    Have you actually lost anything? Did you sell? Do you have to sell?

    Are supplies in your local stores now closer to "normal"? We you just having a moment of panic when you made your original post?

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  18. Xelasnave.1947 Valued Senior Member

    Messages:
    6,586
    Sleep.
    No.
    Going shopping today so I hope it's better.
    Yes. I am not worried now.
    Alex
     
  19. CptBork Robbing the Shalebridge Cradle Valued Senior Member

    Messages:
    6,093
    I think most people dream of turning thousands into millions in under 10 years when they start taking direct control of their investments. 10% gains are good for pension plans, insurance companies and banks, but hardly attractive to a hotshot who can earn more from busing tables than making a 10% annual profit on mediocre savings.
     
  20. Seattle Valued Senior Member

    Messages:
    5,429
    If your definition of a "hotshot" is someone who is busing tables then I guess I have no comment.

    No one is going to turn thousands into millions in under 10 years. If you start with mediocre savings it's going to take a little longer by doubling your money every 7 years.

    If you start with $10,000 and never add anymore you will start have more than a million in about 40 years.

    No one makes a lot of money trading. Put money into the market and leave it is the way to make money. The bigger money is made in the latter years when you are doubling substantial amounts.

    In the above example 40 years may seem like a long time. Start with more and it doesn't take as long. However, if you do nothing, you will have nothing at any point in time in the future.
     
  21. Xelasnave.1947 Valued Senior Member

    Messages:
    6,586
    As a result of following prices the fluctuations in what one would call blue chip it occurred to me that if you were not greedy and went for very small gains you could do well.
    I have mentioned it but I play a game with a pretend one hundred grand and in one week have seen a pretend profit of twelve grand.
    If you traded and say happy with a gain of one percent per day that is approx two hundred and fifty percent per annum.
    I will have a very small amount of cash arriving in about six months which I need to reinvest and as it is now where near enough to get involved in real estate and banks pay no interest I am thinking to having a go at trading on the basis that I would be buying those particular shares to hold long term in any event...
    My concerns are dealing with a phone app to trade rather than a broker so I need to work that out.
    What I have been doing is looking at the graph early guessing that the shares will go down and imagine buying at a number and in the premise they go up and down select a number to sell at which is one and a half percent higher than what I pretend bought at.
    The cash I expect to put in may be better going into a new telescope and mount however...
    For others I would say follow Warren Buffets lead..have near two hundred billion in the Bank and buy stock that you have well researched at a good price and expect to hold it forever.
    So first step get two hundred billion in the bank.
    Alex
     
  22. Jeeves Valued Senior Member

    Messages:
    4,261
    Hack Bitcoin.
    Might take a while, but you can think of it as a hobby to stave off cabin-fever.
     
  23. Seattle Valued Senior Member

    Messages:
    5,429
    Give it a try. I made a living day trading for several years. It's not easy. Playing with pretend money is a lot easier.

    To do volume trading, in the U.S., you need a special account. You need a minimum of $25k to open such an account. You actually need more like $70k or so for most trades. You can short but you can't short on a down tick.

    There are commissions. You need large trades to make a living making $125 or so at a time with small movements in price locked in. You clear all your accounts at the end of the day to eliminate overnight moves that you can't predict and that could "kill" you based on the large number of shares you need to hold/trade at any one time.

    You have to focus on not losing money rather than on making a certain percent. You have to cut your losses early rather than hold and hope they go back up. According for the millions of dollars (on paper) traded and all the hundreds of transactions isn't easy at tax time (even with appropriate software).

    I made $125,000 a year (average) for several years. Eventually most people will lose more than they can afford to lose and stock trading with that approach. The best way is to put your money in the market and leave it there.

    I did all my trading by app (no one does it by calling up a broker for such small trades dozens of times a day). If you are judging your trading ability on such a historically volatile market as we have had lately, that's easy. Stocks are either going down like crazy all day or they are going up like crazy all day.

    The reason that everyone isn't cleaning up now is that most investors already had most of their money in the market. They didn't have anything to sell to take advantage of these movements.

    Another factor for long term investors (speaking of U.S. laws) are the capital gains you would incur if you sold thinking that maybe the market was overvalued. In January, for example, it was easy to see that it was time for a least a small correction.

    Maybe you had $400k but if you sold you would incur $60k in capital gains taxes. Not many people want to have to pay $60k in taxes just because they think that maybe stocks are priced a little high. You just hold.

    Imaginary trading is fun but it's not realistic over the long run.
     
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