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Does anyone here do investing in stock?

Discussion in 'BlackHat Lounge' started by PBNSurprise, Oct 16, 2015.

  1. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    Hey guys I use bank of america and recently I stumbled onto one of their other sites called Merrill Edge. This interests me, apparently Merrill Edge is site where you can have a separate account to keep your money for investing in stocks? How does this work? Anyone out there investing and making good money from it?

    Eventually I wanna start getting into investing and putting my money into various areas so I can make more money long term. I have no idea how to get introductory detail on this though. Everything I'm reading on the internet seems so advanced in terminology and I'm struggling to understand the basic concepts and progression of investing.
     
  2. davids355

    davids355 Jr. VIP Jr. VIP

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    Best thing is to find and learn some type of trading system IMHO. I know a few people that make a good living from investing using a system. I think you need to be a natural to pick it up though.

    Also you need a good amount to invest with otherwise it gets eaten up by the spread and also by commissions on the buys and sells.
     
  3. Alpha Hustle

    Alpha Hustle Registered Member

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    I do a little, I started off learning with a Plus500 demo account a few years back. The natural progression was to one of there paid accounts. I don't do much but I know guys making a decent living just copying Wall Street Cheat Sheet. Hold on tight to your nuts you need to part with big numbers.
     
  4. Ste Fishkin

    Ste Fishkin BANNED BANNED Jr. VIP

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    Don't invest in individual stocks unless you have hours everyday to spend doing it, and unless your playing with serious money you're not making anything.

    I invest in the S&P 500 - over the last 30 years they have managed an average of about 10% interest on investments. Pretty good for next to no work and its pretty safe.

    If you invest $1000 per month for 22 years @ 10% interest, you're a millionaire at the end of it.

    It's not that much money either, 264,000 is cash you have put in, the rest is interest.

    I also own a bit of stock in netflix, gopro and manchester united. GoPro and Netflix will do well, I'm sure they will be huge in 10 years time.

    Manchester United is my club, I wanted some for the enjoyment of it.
     
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  5. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    OP, if Merrill Lynch is a company you just heard of you do not yet want to delve into stocks. There is a lot of work that goes into buying stocks and you need a fair amount of knowledge. Perhaps take a look at mutual funds as they do 95% of the work for you and you just have to investigate the type of fund it is, the sectors in which they invest, the background of the management team and the level of risk.

    That is a much safer and smarter way to invest in the markets for most people.
     
  6. EatSleepSEO

    EatSleepSEO BANNED BANNED

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  7. Ste Fishkin

    Ste Fishkin BANNED BANNED Jr. VIP

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  8. burnett4congress

    burnett4congress Regular Member

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    Just buy a collared index ETF!

    Stocks are the 3rd or 4th biggest game in the world behind currencies and debt. If you want to buy stock, great. But educate yourself.
     
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  9. dgusic

    dgusic Regular Member

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    Theoretically yes, in practice lots of other things could happen. 22 years is a LONG time span. Recession can happen, inflation can happen, other variables we are not even aware of like new competitors and stuff like that.
     
  10. Ste Fishkin

    Ste Fishkin BANNED BANNED Jr. VIP

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    30 years of data says I'm right and you're wrong.
     
  11. dgusic

    dgusic Regular Member

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    Looking at historic average yes, but people who bought stock during lets say 2007 or 2008 quickly realizied they have lost lots of money.
     
  12. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Nobody here is trading. You would not got to a baker for accounting advice, why are you coming to internet marketers about investing in stock. Take what ever people write here with a huge pinch of salt.

    That being said, you don't make your money in stocks and bonds, you park your money there.

    You make your money through business ownership/ adding value to assets you own and control.
     
  13. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    Interesting, so I would assume investing in stocks and bonds is the last step of any business model. The goal being to put your excess money somewhere in hopes of having it passively make money for you over time. Do you know of any resources that give good understandable intro to stocks info? I've been googling info to get a better idea of how this process works but most articles are too complex to understand

    This is an example of something I have no idea the meaning of, what is a collared index ETF, yes I tried googling that

    What is Merrill Edge? I keep seeing it on my bank of america home page, I wanna start using this site for investing eventually

    How can you be garantueed 10% interest? I would start investing once I have a solid income and extra money lying around that I simply need to do something with.

    I heard that if you have a ton of extra money in your bank accounts that isn't doing anything then you're making bad choices, it's always best to have your money constantly invested in areas or otherwise being used for your expenses/building yourself up
     
  14. dgusic

    dgusic Regular Member

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    Let me just tell you that there is always a risk when investing. I assume you are familiar with high-risk/high-reward correlation? This correlation applies to the stock/bond/any other security. If I were you, I would buy shares in a mutual fund.

    Than again, please, but please, research everything there is about investing. Create a demo account for market somewhere and play there. You are no where near ready for the the real thing.
     
  15. InterZone

    InterZone BANNED BANNED

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    Open a free stock account with demo mode and see how u do, If your consistent at making more then switch to real money!
     
  16. forethan

    forethan Regular Member

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    It's all about supply and demand.
    Seek this threads in forexfactory(pie is everything) and study for atleast 5 years.
    Then you will undertand that at the end there will be one winner....the bank.
    [email protected]$/month to invest...for 22 years you're already rich guy
     
  17. loclhero

    loclhero Supreme Member

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    All true but it's not really interest, it's capital gains and dividend reinvestment.

    Best advice you'll get OP. Not sure your age but I'm assuming you're much younger than I am (or BTB for that matter). If you're looking to invest in stocks, forget about individual stocks. You would have to educate yourself and learn how to allocate your assets into those individual stocks. What companies? What sectors? How much into Netflix, Apple, Exxon, Alibaba or any of the thousands of other corprations???? It takes a long time to learn it all. Like BTB said, invest in mutual funds. That way, you are buying small amounts of stock in hundreds or thousands of corporations that are traded on the stock exchanges.

    My wife and I started investing over 25 years ago. We've seen the market go up, go down, crash and burn and go right back up again and we're doing pretty good. Investing is NOT trading where you are buying and selling stocks on a daily or even hourly basis. That is a gamble. Some people do well, some make a few bucks, most don't do well at all.

    Do some research on mutual funds (ETF's are another alternative) before you jump in and remember it's a marathon not a sprint. The money you invest should STAY invested. You don't start pulling it out when the market goes down.

    If you want, read anything by John Bogle, the father of the mutual fund industry.
     
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    Last edited: Oct 16, 2015
  18. burnett4congress

    burnett4congress Regular Member

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    Actually it's pretty easy to get 10% guaranteed with collateral, but it's illiquid. This would be the world of tax liens.
     
  19. Digitalist

    Digitalist Registered Member

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    Check out Investopedia. The stock simulator is great way to learn, take some ballsy risks and see how it pans out.

    I would follow the advice already stated by looking into Mutual Funds with low 12b-1 fees and ideally a low/zero front load (upfront fee). You also need to learn a bit about the different Share Classes (A & C ) as the wrong class will destroy you. I've seen people cannibalize their accounts because they didn't understand the fees. Tracking Indices is great as well though some prefer Active management of Mutual Funds vs Passive management.

    There is nothing wrong with some novelty purchases of individual stock. For example, I have a few shares of a company that has my initials. Why? Why not? Sure it took a complete shit but now I have some long term loss to offset sale of my gains when the time comes to make some moves. If you are going to play in the Stock(Equity) market, play with lots (100 shares) and learn how to lock in gains with Trailing Stop/Loss or minimize loss with a Stop/Loss trade. ** I realize I am using lingo. Go check out Investopedia and search it. Trust me**

    Take the time to learn, and as I have mentioned in other posts found in "Making Money", don't risk what you can't stand to lose. The market is a garden. Learn to take care of it or end up with no crops.
     
  20. Rokebono

    Rokebono Senior Member

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    Lmao why was EatSleepSEO banned? He had that Veyron mantra as far as I've noticed, I might be wrong though.