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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!
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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?
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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.
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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.
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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.
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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.
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you should probably invest via a IRA or Roth IRA for the tax benefits btw.
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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
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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.
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you could use robinhood for no commission trades - there are a few others who offer that as well.
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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.
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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?
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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.
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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...
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Keep an eye on Trump's tweets and do very short time frame investing if a specific company or sector is mentioned  .
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Baa?21244 Posts
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Nothing new to report. Gllk hasn't moved. Likely won't for some time at least until phase 1 surveys are complete.
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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
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New Suspect
CLLS just started clinical trials on CAR - T-cell therapy to combat cancer ... up almost 100% since the start of the year.
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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.
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Most financial quants repeat the same thing: you cannot make money off of information that people already know. And that has a theoretical basis too: there is only arbitrage if there's asymmetric information.
So my advice would be to just open up a programming language like Julia and start doing some financial modeling. Do some basic stochastic differential equation models and couple them with deep nets. Just look for trends that are "very likely to earn money": subsector X rises the day after subsector Y 60% of the time, so buy Y when X goes up. Look for trends which use higher order moments like volatility and skew, and make adjustments on the fly given current events. And once you know a good trick, keep it secret since once others know the market will correct itself. Of course, one trick isn't reliable, so then you search for more.
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On July 16 2017 02:05 PaqMan wrote:
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.
One of the screeners that I use picks up on high rates of change (either positive or negative), and correlates that to a scheduled announcement, then i filter by price. so KNSC had recently reported its Q1 earnings when it came on my radar and the price had changed from .0004 to .0008 the same day and to .0011 before the end of the week. had i been able to buy when I wanted to I would have made a good return on that but c'est la vie.
MYE + Show Spoiler +Myers Industries, Inc. is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America. As of December 31, 2016, the Company had approximately 15,000 manufactured products and over 13,500 distributed products. The Material Handling segment designs, manufactures and markets a range of plastic and metal products. The Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire, wheel and under vehicle service on passenger, heavy truck and off-road vehicles, and the manufacturing of tire repair materials and custom rubber products. The product line includes categories, such as tire valves and accessories, and lifts and alignment equipment.
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On July 16 2017 13:36 rackdude wrote:
Most financial quants repeat the same thing: you cannot make money off of information that people already know. And that has a theoretical basis too: there is only arbitrage if there's asymmetric information.
So my advice would be to just open up a programming language like Julia and start doing some financial modeling. Do some basic stochastic differential equation models and couple them with deep nets. Just look for trends that are "very likely to earn money": subsector X rises the day after subsector Y 60% of the time, so buy Y when X goes up. Look for trends which use higher order moments like volatility and skew, and make adjustments on the fly given current events. And once you know a good trick, keep it secret since once others know the market will correct itself. Of course, one trick isn't reliable, so then you search for more.
I totally agree with that, but rather than spend hours trying to figure out those relationships (I may end up doing that down the line) I would rather play the game with information that no one has. like my position on Myers.. they could outperform, but their track record says they likely wont and the price will dip because of that. And that's where I will try and capitalize. Or like GLLK which is a total hit or miss, but because the price is so low the upside is basically infinite while the downside doesn't hurt much.
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rough day so far, but hopefully some news will get some of these moving again,
![[image loading]](http://i.imgur.com/MXSrqkj.png)
Cellectis: need Clinical trial reports in order to really move, but the investor sentiment has been mainly positive its been hovering at around a 12% gain since i bought it last week
Kenergy: Waiting on 2Q earning which are likely out in October, just waiting game till then, unless some other news or press release comes out (maybe the grand opening of the third location)
Endonovo: Hasn't updated the investors since June 29 (not too long ago) Waiting on pre-clinical trial results. were due not too long ago, but they had to extend the timeline and havent given a definite submission date
GLLK: Waiting on results from exploratory digging. Hopefully they have enough cash on hand to at least finish that. It would provide a good boost to the value of the stock if there was at least some sign of gold in the holdings.
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Just wanted to post a quick update. My positions havent changed, I havent had a ton of time to look at the market to find any new targets since ive been busy wedding planning and house purchasing (crazy month!!). I told my soon to be brother in law about my bet on GLLK, and him being the gambler that he is decided to put 500 into it. lol. There are rumors that a 10q should be coming out on 8/11 so fingers crossed that I get some real movement on this stock. if it goes to 50 cents i will be a millionaire lol (FAT CHANCE!) but id be happy with an increase to .01.
FML: I wish i had more money to play with. I took a look at Opiant Pharmaceuticals OPNT, a week ago when they released some information about a new patent they were trying to develop, but I didn't have the cash floating around to use, and now its up almost 70% from that day.
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EPT![[image loading]](http://i.imgur.com/TyuP379.png)
