Share prices

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

  1. Xelasnave.1947 Valued Senior Member

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    Last edited: Mar 27, 2020
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  3. Xelasnave.1947 Valued Senior Member

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    I really appreciate your post.

    I realise the current market is not usual.

    I play with one share which is the Commonwealth Bank of Australia.

    When a kid in primary school they had a program in schools to encourage saving and they had a little money box that looked like their head office.

    I doubt these shares would move much over six months but at the moment, as with most, they swing like you would expect a really wild stock in normal times.

    If times were normal I would probably sell stock that I don't like and put that money all into CBA...my hope is other shares will recover a little in time and when I get around to putting that cash into CBA I can trade, on the basis that even if get caught low they are shares I will keep forever...a Warren Buffet approach.

    So with that approach I could not lose long term unless they go belly up...and if that happens the modern world as we know it will be gone anyways and money will no longer exist other than in the form of sea shells etc I expect.

    I inherited a few shares and I have never liked shares ..all of them would have been sold off but the crash stopped that plan...my preference is real estate but the trouble is there is not enough on the table to invest in even a small flat...ordinarily such a small sum you would leave in the bank.

    Most folk would trade in on a new car or something but I recently bought a new car, small bottom of the range Hyundai and it will do me until I can't drive anymore I am 73 with crook legs after all.

    Buying a bigger telescope and better mount is all I can think of but really I am very happy with my current gear.

    I don't want to travel ...but there is this boat, perfect cheap etc but with my legs I can't even get in the dinghy.
    Maybe one of those motorised chairs the old folk drive around in.

    Maybe a better caravan to live in..I was given this one and I am happy with it but maybe just a little better.
    I know..another dam with a few fish...water and fish you could not go wrong.
    Thanks again.
    Alex
     
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  5. CptBork Valued Senior Member

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    No, my definition of hotshot is someone who enters the market with expectations of achieving massive profits and Hollywood style glory, regardless of their background. Most said hotshots don't start off with much money in the beginning, so if their goal is to make millions or billions, they will only hit that level at retirement age at best, thus in the early years even low wage jobs might seem more attractive, leading to impatience and risky market gambling.

    There are many examples of people who've done it or even made billions in such time periods. What's not as well known to the general public is how much this is a rare exception rather than the rule. US lower and middle class voting patterns can only be adequately explained by a belief among disproportionate numbers of those people that they will one day become rich and benefit from government policies that favour the rich.

    It would take a little bit longer than that but you're in the ballpark. However, most young people want to be rich while they're still young, plus you need to factor inflation into the equation. 1 million is worth far less today than it was 40 years ago.

    See above.

    For most people it's just a safe place to deposit savings and stay ahead of inflation, and to provide a steady support income during retirement.
     
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  7. Seattle Valued Senior Member

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    There's nothing about "favoring the rich" to get too excited about here and of course when I say "no one gets rich in 10 years" I'm not speaking literally.

    People need to have reasonable expectations. That's their problem if they aren't informed enough to do that. In general, "rich" people don't get rich in the stock market. It just helps them, and anyone else who invests that way to stay wealthy.

    Sure, a million dollars in 40 years isn't worth as much as a million dollars today. It's still worth a lot more than the masses who save nothing will have.

    In today's environment with low inflation it's still worth quite a lot actually.

    IMO people need to quit focusing on the "rich" vs the "poor". Focusing on the "poor" has merit. Worrying about the "rich" does not. "They" aren't our enemy.
     
  8. iceaura Valued Senior Member

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    Whoever has been insider trading on Trump's speeches and tweets has been making a killing (somebody has been, but we don't know who).

    The Congresscritters who dumped their stock market holdings while the Trump administration delayed responding to the virus news from China saved themselves many millions in losses - other people took those losses. https://www.cnbc.com/2020/03/23/coronavirus-sec-warns-on-insider-trading-after-loeffler-sales.html.

    Madoff was not just a bigtime con artist - he was one of the most important official figures on Wall Street, one of the biggest traders ever, a market maker rather than an ordinary trader, chairman of NASDAQ, founding board member of the London branch of the International Securities Clearing Corporation, a pioneer of computer mediated and controlled stock trading, etc etc. Members of his family, sons and a niece, also held important compliance and executive roles in the governing bodies of Wall Street. They operated for years.

    And so forth. It's a rigged system - corrupt from top to bottom. As long as one keeps that in mind, it can be useful and helpful (just as one can enjoy betting on horse races even if one knows they are rigged).
     
  9. Seattle Valued Senior Member

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    6,004
    There seems to be some confusion between criminals and the rich. No one is arguing for criminal behavior.

    If Bill Gates gets richer, I don't get poorer. The economy isn't a fixed size. It's not a zero sum game.
     
  10. Xelasnave.1947 Valued Senior Member

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    7,897
    Prices today were solid rises hopefully that indicates folk are starting to chill.
    Alex
     
  11. Seattle Valued Senior Member

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    That would be good. I'd like to see things stabilize a bit. The next time for bad news would be next month after all the unemployment figures hit.
     
  12. Xelasnave.1947 Valued Senior Member

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    CBA what I consider a blue chip jumped 10% and I expect normally it could take two years plus for such a movement...has to drop tomorrow..has to..place your bets.
    Lynas has rare Earth in Australia but dropped by 50 % is also climbing steadily...it's one that maybe good long term but I have yet to research it.
    Alex
     
  13. Xelasnave.1947 Valued Senior Member

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    7,897
    And Myers which was 9 cents last week a retailer in all sorts of trouble (50 cents in Jan) and announced it was closing it's shops doors jumped from11 to 12 which I can't work out..maybe saving wages is a good deal? So the virus may have slowed losing money.

    Alex
     
    Last edited: Mar 30, 2020
  14. Xelasnave.1947 Valued Senior Member

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    7,897
    Maybe the market knew about this... the first couple of minutes will give you the idea.

     
  15. Michael 345 New year. PRESENT is 70 years old Valued Senior Member

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    How much this lot worth?

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  16. Xelasnave.1947 Valued Senior Member

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    If I sold everything I could go halves at the check out.
    I had so little to start with the drop just wipedme out mentally speaking.
    OH in the background ..if I sold the house I could go halves in that also.
    I have nothing to worry about my face is my fortune.
    Alex
     
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  17. CptBork Valued Senior Member

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    My only point was that anyone who expects to beat the 10% annual average without intimate knowledge of the industries they invest in, is merely gambling like a roulette player and putting themselves at high risk of getting wiped out. Otherwise I think investing excess income is the perfectly rational thing to do, and growing it on the market is a safer and easier bet than investing in a collection of pristine Spider Man collector comics, which is in turn probably better than just burying cash in a sack under some dirt.
     
  18. Xelasnave.1947 Valued Senior Member

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    Prices still going up.
    Made another pretend 5 K
    Alex
     
  19. Seattle Valued Senior Member

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    6,004
    I made a real $8k but I'm still down $70k since the high in February.
     
  20. Xelasnave.1947 Valued Senior Member

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    I can lend you a pretend 15 K.

    It will come back...as I expect you expect.

    Myers the store that closed its doors I mentioned above is up to 14 cents from 9 last week...nothing like reducing wages to send the price up.

    Things are dropping now..predictable...I predict a leveling now followed by either a fall or a rise.
    Alex
     
  21. Seattle Valued Senior Member

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    6,004
    Haha...can you lend me a pretend 70k and then I will be whole? Myers isn't doing well if it has been in business for years and its shares are still "penny" stocks. What was the price when Myers first issued stock?

    I agree with your predictions though, things will level out or either fall or rise or some combination of the above.

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    I like the stock "gurus" on TV. One guy gets famous for prediction the 2008 recession. He never got anything right before that or after but now he is the guy who called 2008.

    Someone will be right with their guess on any subject but it's always a different person.
     
  22. Xelasnave.1947 Valued Senior Member

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    7,897
    I can't recall and just now when I tried to look no graph appeared.
    No bull I have been predicting it right for years...I never was interested in shares but I would buy and sell real estate on my guesses. It's pretty easy to predict a downturn.

    When tradesmen want more than a brain surgeon per hour that's one indication, when people on the dole can get a mortgage is another...

    I basically lived by buying a house low, (other than the family home) selling it high and wasting the money until the next low. I always thought I was going to die young so every night was a party...I was wrong but it worked out rather well.
    Alex
     
  23. Xelasnave.1947 Valued Senior Member

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    I would buy a property and borrow more than the purchase price..
    I recall once saying to my wife..I wish this house would settle I need some cash...and she said I don't understand shouldn't it be costing you money...tricky eh.
    Alex
     

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