|
So I just finished reading Rich Dad Poor Dad after a loooooonng time of procrastinating and feeling like i didn't have enough capital to start investing. I have finally said Fuck it... I will begin, and I will fail, but I will continue to persevere. I will start with investing about 100$ per month in a few stocks. I will not diversify, and I will not be balanced, so dont expect that from me. As Kiyosaki mentions in the book (paraphrased because i cant remember the exact quote)
" I like the Texas attitude, they with big, and lose spectacularly"
I will post the buys so that we can all enjoy the show. Once my first deposit clears (friday, I will post the info).
Lets have some fun!
P.S. most of these will be speculative - I have a 401k for balance and a savings account for stability. This is not the blog series or the account for that so if you have that sort of advice you can save it for PM or another day.
Cheers!
P.P.S I have no investing experience so the plan is to lose and learn, rather than play it safe. As I go I will be refining my style and the determining what I want to invest in while researching the topics and growing my knowledge base on the market. I've already got a good list of books which I will be working through as I take on this challenge. Among them are:
The intelligent invester
Essays of warren buffet
value investing
stocks for the long run
little book of common sense investing
one up on wall street
competitive strategy
the ascent of money
thinking fast and slow
Beating the street
How to make money in stocks
Bogleheads guide to investing
I realize that many of these run counter to the purposes of this blog, but I realize that the vast majority of my money is in these types of accounts so I want to build up a good foundation of knowledge and so that I can understand what is going on in the general market and with the rest of my funds. after these, which I hope to have completed by the end of the year, I want to start looking into some books on more exotic investment strategies and opportunities and see where that takes me.
Again...
Cheers!
|
do you have any plan on how to beat the stock market?
or is it just "lose and learn and read some books"? how will you learn from your losses?
|
Don't read so many books. Understand the basics and then just spam financial spreadsheets and analyze numbers in excel. You can find free information on the internet and then you can learn by doing.
Also
> So I just finished reading Rich Dad Poor Dad after a loooooonng time of procrastinating and feeling like i didn't have enough
Shitty generic book that never goes into specifics. Anyone could write that.
Anyway, learning to invest is a waste of time - don't believe salespeople trying to convince you its doable to beat the market. Yes it is if you spend thousnads of hours analyzing everything + highly intelligent. Chances are you won't and instead will be wasting time.
|
On July 11 2017 06:54 Hider wrote:
Don't read so many books. Understand the basics and then just spam financial spreadsheets and analyze numbers in excel. You can find free information on the internet and then you can learn by doing.
Also
> So I just finished reading Rich Dad Poor Dad after a loooooonng time of procrastinating and feeling like i didn't have enough
Shitty generic book that never goes into specifics. Anyone could write that.
Anyway, learning to invest is a waste of time - don't believe salespeople trying to convince you its doable to beat the market. Yes it is if you spend thousnads of hours analyzing everything + highly intelligent. Chances are you won't and instead will be wasting time.
Totally agree on the book, but it served its purpose... it was a motivator to stop being lazy about my finances. I was doing budget tracking and some basic stuff on my 401k (going with lowest cost funds possible). but I have always wanted to do more, not necessarily trying to beat the market, but making sure that I am maximizing the earnings. I'm also going to be starting my own business (as a second income for now), which again I have been nervous to do, but the book has lit a fire so to speak.
|
On July 11 2017 03:01 beg wrote:
do you have any plan on how to beat the stock market?
or is it just "lose and learn and read some books"? how will you learn from your losses?
For now I'm just going to be speculating and going by instinct. as time goes I will refine that based on the strategies I find in the various books and articles I will start absorbing. Short answer is I have no clue, long answer is it will depend on what I see and read and how I choose to use the experiences. the goal is not to become afraid, but also not to be stupid about it, acknowledging that there will be losses.
|
On July 11 2017 07:10 Trainrunnef wrote:Show nested quote +On July 11 2017 06:54 Hider wrote:
Don't read so many books. Understand the basics and then just spam financial spreadsheets and analyze numbers in excel. You can find free information on the internet and then you can learn by doing.
Also
> So I just finished reading Rich Dad Poor Dad after a loooooonng time of procrastinating and feeling like i didn't have enough
Shitty generic book that never goes into specifics. Anyone could write that.
Anyway, learning to invest is a waste of time - don't believe salespeople trying to convince you its doable to beat the market. Yes it is if you spend thousnads of hours analyzing everything + highly intelligent. Chances are you won't and instead will be wasting time.
Totally agree on the book, but it served its purpose... it was a motivator to stop being lazy about my finances. I was doing budget tracking and some basic stuff on my 401k (going with lowest cost funds possible). but I have always wanted to do more, not necessarily trying to beat the market, but making sure that I am maximizing the earnings. I'm also going to be starting my own business (as a second income for now), which again I have been nervous to do, but the book has lit a fire so to speak.
Fair point, but beating the financial market is one of the most difficult things in the world, and you are just better spending your time elsewhere. Like if you have a good business idea, focus on that.
|
you should probably invest via a IRA or Roth IRA for the tax benefits btw.
|
On July 12 2017 00:53 ticklishmusic wrote:
you should probably invest via a IRA or Roth IRA for the tax benefits btw.
Maxed out on my retirement accounts. including a 457
|
Sooo....
This is where were at today
![[image loading]](http://i.imgur.com/gmx3ZGG.png)
Possible Lesson 1.... i will probably be trading too often for TD Ameritrade to be a good choice.... I need lower cost per trade... We will see how this develops.
|
you could use robinhood for no commission trades - there are a few others who offer that as well.
|
Also Eyeing
KNSC @ .0004 (trading at .0006 hopefully it comes down to .0004 before the statement pops)
Owns a Ramen chain with strong earnings and growth Looking forward to Q2 statements.
ENDV@.029
Electroceuticals Company based on NASA discovered tech. currently holding a few patents. and waiting on pre-clinical trial results.... totally dependent on the pre-trial results for pricing, but we will see how things pan out.
|
This seems fun. I'll definitely follow along.
KNSC is pretty weird. Seems like it was a former consumer electronics company focusing on selling solar chargers, then got into social media management. And now is being acquired via a reverse merger by its CEO who owns a chain of mediocre ramen places with 2 locations in Miami??? or something?
|
So this is where we are at today. ![[image loading]](http://i.imgur.com/YHyEs0t.png)
Decided to go a little heavier into GLLK it hasn't broken the .0003 barrier in a while, but I will likely hold my position. I doubt I will go any heavier into it.
I'm pissed about KNSC because my deposit hasn't hit yet. I wanted to buy it at .0003 on monday and now its sitting at .0008.... Annoying. The plan was to buy $200 bucks worth, hold half and use the other half to trade.
ENDV is in the same boat, but at leas that one is only up about 5% from where I wanted to buy on monday.
Lesson 2- deposits suck when you have non-marginable buys to make.
Strategy Update - I will likely be buying mainly otc stocks and every deposit will go to a different stock unless there is an overwhelming reason to reinforce an existing purchase.
|
Wow... KNSC is up to .001 AKA 333% from where I wanted to buy monday.... FU slow ass transactions... watch it go up to .01 by friday when I can actually buy...
|
Keep an eye on Trump's tweets and do very short time frame investing if a specific company or sector is mentioned  .
|
Baa?21248 Posts
|
Nothing new to report. Gllk hasn't moved. Likely won't for some time at least until phase 1 surveys are complete.
|
On July 13 2017 23:38 Doodsmack wrote:Keep an eye on Trump's tweets and do very short time frame investing if a specific company or sector is mentioned .
Let me take a look at the stock impacts over the weekend and I'll see if there is any pattern.
This should be fun
Edit:. I just remembered that NPR is running an investment bot that is doing this. It's called the BOTUS
|
New Suspect
CLLS just started clinical trials on CAR - T-cell therapy to combat cancer ... up almost 100% since the start of the year.
|
Are you using a specific strategy to filter out stocks?
I can vouch for ticklishmusic's recommendation about Robinhood. No trade commissions and the app is free, but one of the downsides is it can take 2-3 days to move money in and out of your account. Once you have the deposited funds, trades are executed immediately. It's all done on a smartphone however, so I use a separate app to organize and keep track of my stocks.
|
|
|
|
|
|
EPT![[image loading]](http://i.imgur.com/TyuP379.png)
