03/09 - We the Kings on Wednesday!

Status
Not open for further replies.

GoldenTemple

Serial Liker
Contributor
Joined
Jan 16, 2016
Messages
3,679
Reaction score
10,458
Points
838
Location
The universe.
Gender
Male
Basically you are betting on the entire stock market thriving and that the stock market will never fully crash.
If it does, losing your 3k is the least of your worries because it will probably set off a bunch of wars. :D
 

jan

Moderator
Moderator
Joined
Jan 12, 2016
Messages
26,650
Reaction score
51,202
Points
1,463
Gender
Female
Anyone who wants to invest should look into vanguard index funds. You need 3k minimum to invest but they have extremely steady growth and are not risky like putting all your money into one stock and hoping for a miracle.
I think what I'd like is an online investing class - to start - like something put together by 'motley fool' (sort of easy to understand, and focused on investing).
 
  • Like
Reactions: GoldenTemple

Devil_Dawg

Marine, Husband, Father, Grand Father
Contributor
Joined
Jan 13, 2016
Messages
10,971
Reaction score
31,075
Points
1,388
Age
61
Gender
Male
I think what I'd like is an online investing class - to start - like something put together by 'motley fool' (sort of easy to understand, and focused on investing).
Khan academy has some classes on the subject
 
  • Like
Reactions: Jaded and jan

tricker

Well-Known Member
Contributor
Joined
Jan 12, 2016
Messages
9,279
Reaction score
19,141
Points
1,063
Location
California
Gender
Female
Anyone who wants to invest should look into vanguard index funds. You need 3k minimum to invest but they have extremely steady growth and are not risky like putting all your money into one stock and hoping for a miracle.
Good advice. All of mine have done well over time (there was that moment back in the early 2000s though...I cried...but they've come back)
 

coffeeowl

hoo?
Contributor
Mentor
Master Pleaser
Crowd Pleaser
HIT Poster
Joined
Jan 12, 2016
Messages
28,032
Reaction score
63,933
Points
1,738
Location
Location EqualTo US
Gender
Female
  • Like
Reactions: ChelseaT

Devil_Dawg

Marine, Husband, Father, Grand Father
Contributor
Joined
Jan 13, 2016
Messages
10,971
Reaction score
31,075
Points
1,388
Age
61
Gender
Male
Good advice. All of mine have done well over time (there was that moment back in the early 2000s though...I cried...but they've come back)
2007 and 2008 sucked
 

GoldenTemple

Serial Liker
Contributor
Joined
Jan 16, 2016
Messages
3,679
Reaction score
10,458
Points
838
Location
The universe.
Gender
Male
Trading Cryptocurreny > Stocks
You just TRIGGERED me hardcore. I bought into bitcoin at peak price of 1k a piece like a fool and cut my losses by selling them at 700 when they were dropping fast. never again..

Now, Im going to go cry in the corner and eat my BBQ chicken :(
 

tricker

Well-Known Member
Contributor
Joined
Jan 12, 2016
Messages
9,279
Reaction score
19,141
Points
1,063
Location
California
Gender
Female
2007 and 2008 sucked
Probably. By then I had learned to stop looking. Mine are set up to rebalance themselves so I just looked away.

Now I'm in charge of our retirement plan at work so I have to look all the time. I hate that.

I will say, though, my kid's 529 plan has done freaking AWESOME over the past 11 years.
 
D

Deleted member 481

Guest
Anyone who wants to invest should look into vanguard index funds. You need 3k minimum to invest but they have extremely steady growth and are not risky like putting all your money into one stock and hoping for a miracle.
I tried reading up on these because it was something I was interested in a while back. It's like a average 8% annual return or something like that?
 

coffeeowl

hoo?
Contributor
Mentor
Master Pleaser
Crowd Pleaser
HIT Poster
Joined
Jan 12, 2016
Messages
28,032
Reaction score
63,933
Points
1,738
Location
Location EqualTo US
Gender
Female
Title: Fast and easy content viewing (few minutes for possible $0.60) - ST6p0lzUfJ2J4jGIEB | PANDA
Requester: Sticky [A1I5WZRIXY5GS9] (TO)
TO Ratings:

☭☭☭☭ 4.13 Communicativity
☭☭☭☭ 4.40 Generosity
☭☭☭☭ 4.70 Fairness
☭☭☭☭ 4.69 Promptness
Number of Reviews: 104
(Submit a new TO rating for this requester)

Description: Look at some content for a few minutes to help us improve our measurements.
Time: 20 minutes
Hits Available: 1
Reward: $0.40
Qualifications: Location is US
 

lobo925

CEO of Pizza
Contributor
Joined
Jan 13, 2016
Messages
8,054
Reaction score
18,324
Points
1,163
Location
Internet
Gender
Male
You just TRIGGERED me hardcore. I bought into bitcoin at peak price of 1k a piece like a fool and cut my losses by selling them at 700 when they were dropping fast. never again..

Now, Im going to go cry in the corner and eat my BBQ chicken :(
Made a generous amount on Ethereum in the past few weeks
 
  • Like
Reactions: GoldenTemple
D

Deleted member 481

Guest
You just TRIGGERED me hardcore. I bought into bitcoin at peak price of 1k a piece like a fool and cut my losses by selling them at 700 when they were dropping fast. never again..

Now, Im going to go cry in the corner and eat my BBQ chicken :(
Yo, but you have BBQ chicken...:yesyes:
 
  • Like
Reactions: GoldenTemple

coffeeowl

hoo?
Contributor
Mentor
Master Pleaser
Crowd Pleaser
HIT Poster
Joined
Jan 12, 2016
Messages
28,032
Reaction score
63,933
Points
1,738
Location
Location EqualTo US
Gender
Female
Title: Take a survey about a police lineup (1-2 minutes) | PANDA
Requester: Jillian [A2DYE3U7HO3CD9] (TO)
TO Ratings:

☭☭☭☭☭ 0.00 Communicativity
☭☭☭☭ 4.50 Generosity
☭☭☭☭☭ 0.00 Fairness
☭☭☭☭☭ 3.00 Promptness
Number of Reviews: 3
(Submit a new TO rating for this requester)
Description: Answer ONE quick question about a police lineup.
Time: 20 minutes
Hits Available: 1
Reward: $0.25
Qualifications: Location is US
less than a minute.
 

tricker

Well-Known Member
Contributor
Joined
Jan 12, 2016
Messages
9,279
Reaction score
19,141
Points
1,063
Location
California
Gender
Female
I tried reading up on these because it was something I was interested in a while back. It's like a average 8% annual return or something like that?
Averaged over many years, though. But yeah, while I would have to go look to verify I think all of mine are close to that. I've had some for almost 2 decades now. (not that I have enough saved for retirement by a long shot...many of mine are rollovers that I can't contribute to anymore, but they keep going up thankfully).
 
Status
Not open for further replies.