Anyone doing investing lately?
I'm thinking of getting back into it, just for some penny stocks I've been watching, about to jump in on one or two of them.
Anyone doing investing lately?
I'm thinking of getting back into it, just for some penny stocks I've been watching, about to jump in on one or two of them.
Is it gonna be like Wolf of Wall Street? Because if it's gonna be like Wolf of Wall Street, then I want in.
(Seriously though... PM me if it is.)
Last edited by Sad, little man; October 15th, 2014 at 12:36 PM.
Down time is a great time to get in, but only with money you don't really need at the moment though. Nobody really knows what the future holds. You just might lose your money, but considering market trend for the past decades, odds are in our favor if we're in it for the long haul with reputable companies. Personally, I think the perfect time to get in is when everyone else is scared shitless. At the moment, I think # of scared people is probably a bit more than half..., but not at a level that'd cause a big crash yet. But who knows, maybe a big crash is coming soon? If so, then that'd be a great time to go 'all in' with your extra cash!
BTW, don't waste your money on penny stocks. They're only worth that much for good reasons..., might as well just buy lotto tickets or visit a casino with your money.
Thanks Billi, I wasn't looking for useless advice.Originally Posted by Crazed_Insanity
Down time is a great time to get in, but only with money you don't really need at the moment though. Nobody really knows what the future holds. You just might lose your money, but considering market trend for the past decades, odds are in our favor if we're in it for the long haul with reputable companies. Personally, I think the perfect time to get in is when everyone else is scared shitless. At the moment, I think # of scared people is probably a bit more than half..., but not at a level that'd cause a big crash yet. But who knows, maybe a big crash is coming soon? If so, then that'd be a great time to go 'all in' with your extra cash!
BTW, don't waste your money on penny stocks. They're only worth that much for good reasons..., might as well just buy lotto tickets or visit a casino with your money.
Edit: I've made lots of money on penny stocks before, I don't go blindly.
Last edited by MR2 Fan; October 16th, 2014 at 06:29 AM.
I got burned on LLEG a few years ago. $1000. Bought 200,000 shares @ 0.005...now it's 'trading' at 0.0001.I haven't touched penny stocks since then.
I'm getting ready to get back into currency trading. Haven't done it in a year. It was messing up my sleep schedule, but I was doing alright. Found a better broker and am ready to fund my account.
How much are we talking here - both on the investment and the return side? Penny stocks halve as often as they double, so unless you've got secret sauce you'll probably be subject to the some broad guidelines for investing as anyone would... would you not?
Sure, but I wasn't asking for advice about stocks, I was just asking if anyone else has been involved lately.
I'm probably going to jump back into it soon. It seems to be much easier to time when to buy rather than when to sell. The danger is trying to play it too safe. If you wait out the current panic, you are likely to miss out on some good returns. I timed it really well in 2011, unfortunately I just didn't have a lot to put in then. But, what money I did, I was dumping into the market as everyone was panicking over Greece and such during the summer.
Without any clear reason for the current drop, I say it should be time to get back in very soon. Probably by the end of the month. Stuff just got overvalued. It was clear it would come crashing down soon. I don't think it will be held down for long though.
I've been involved for a while.
Slm, although there aren't any clear reasons at home, the rest of the world is slowing down. There are always reasons, rational or irrational. I wouldn't make any predictions as to when the market will go back up or keep going down. For us small players, doing 401k or IRA index fund probably would be a safer bet. Just keep on buying the same amount over time... Plus, it saves you in taxes too.
Mr2man, I am involved. I also do own some stocks, but my portfolio does kinda look like Dow or SP500. Didn't mean to offer u unwanted advice. Sorry.
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