COMMUNITY THREAD: The chicken foot throw down thread

tugs · Post #941 » by **tugs** » Wed Apr 11, 2012 3:08 am

since you're on the subject, what's your take on investing on online stock market? yes? no? been contemplating for a while now.

Sofa King · Post #942 » by **Sofa King** » Wed Apr 11, 2012 3:09 am

Sofa King wrote:
hermes wrote:yes, but i don't deal with the stock market at all and am by rule supposed to not swindle people

That's right. You don't because you're just an employee. But you bank does that every chance they get.

(assuming that you work for a bank that's helped destroy the hopes and dreams of many Americans that's given out sub-prime loans. Correct me if I'm wrong.)

tugs likes sloppy seconds

hermes · Post #943 » by **hermes** » Wed Apr 11, 2012 3:09 am

Sofa King wrote:
hermes wrote:yes, but i don't deal with the stock market at all and am by rule supposed to not swindle people

That's right. You don't because you're just an employee. But you bank does that every chance they get.

(assuming that you work for a bank that's helped destroy the hopes and dreams of many Americans that's given out sub-prime loans. Correct me if I'm wrong.)

actually my bank is pretty rock solid financial stability wise, i guess they did do some sub prime lending a few years ago when it was the "thing to do" but they got out of it before the storm hit i think

tugs · Post #944 » by **tugs** » Wed Apr 11, 2012 3:10 am

Sofa King wrote:
Sofa King wrote:
hermes wrote:yes, but i don't deal with the stock market at all and am by rule supposed to not swindle people

That's right. You don't because you're just an employee. But you bank does that every chance they get.

(assuming that you work for a bank that's helped destroy the hopes and dreams of many Americans that's given out sub-prime loans. Correct me if I'm wrong.)

tugs likes sloppy seconds

wut?

tugs · Post #945 » by **tugs** » Wed Apr 11, 2012 3:15 am

can you give me some financial advice herm? which one has the better return, mutual funds or time deposits?

Sofa King · Post #946 » by **Sofa King** » Wed Apr 11, 2012 3:16 am

tugs wrote:since you're on the subject, what's your take on investing on online stock market? yes? no? been contemplating for a while now.

If you don't have a solid financial advisor that you can trust from Merrill Lynch, then there's nothing wrong in investing online. You just have to do a lot of research the market trends, real estate market, and see where the big players (eg Warrren Buffet) dip into the market.

"The most valuable commodity I know of is information." Gordon Gekko

hermes wrote:a 5 minute hug?

that seems really excessive

hermes · Post #947 » by **hermes** » Wed Apr 11, 2012 3:17 am

tugs wrote:since you're on the subject, what's your take on investing on online stock market? yes? no? been contemplating for a while now.

if you're not really an experienced trader i wouldn't do it

having all that information is nice, but for someone inexperienced it could be overwhelming and cause you to do a lot of unwise things with your money

Sofa King · Post #948 » by **Sofa King** » Wed Apr 11, 2012 3:22 am

hermes wrote:
tugs wrote:since you're on the subject, what's your take on investing on online stock market? yes? no? been contemplating for a while now.

if you're not really an experienced trader i wouldn't do it

having all that information is nice, but for someone inexperienced it could be overwhelming and cause you to do a lot of unwise things with your money

That is good advice. I like to add that it helps to learn from someone who's been there when it comes to investing.

I did a lot of investments when I was younger but it was mostly studying companies and the stock market, joining a Bulls and Bears club. It wasn't until I was 19 years old until I actually traded with my own money and I had a good idea of what I was doing.

hermes · Post #949 » by **hermes** » Wed Apr 11, 2012 3:26 am

tugs wrote:can you give me some financial advice herm? which one has the better return, mutual funds or time deposits?

cd's have really bad rates right now, so probably the mutual funds but then your playing with the market instead of a set return

depends on how much risk you want to take

Post #950 » by **Slava** » Wed Apr 11, 2012 3:32 am

Sofa King is pro-OWS? Who woulda thought? :lol:

Post #951 » by **TyCobb** » Wed Apr 11, 2012 3:36 am

Are you Slava?

tugs · Post #952 » by **tugs** » Wed Apr 11, 2012 3:37 am

solid advices, thanks SK and hermes.

I'm not that much of a risk taker and I'm juggling between online stocks and and mutual funds and I'm leaning at the latter. problem is, if something happens to my money, I don't want to blame anyone else. right now my pros for online trading: 1) I manage my own money and 2) less initial investment. for mutual funds: 1) an expert is managing my money (kinda contradicts what I said before) and 2) low risk.

and my financial advisor btw is Robert Kiyosaki.

was supposed to invest on opening up a grill but partners got busy.

Post #953 » by **Slava** » Wed Apr 11, 2012 4:20 am

TyCobb wrote:Are you Slava?

Hopefully you guys don't have to ask this by playoffs time. :-?

Life feels empty without watching Lakers basketball.

Post #954 » by **dockingsched** » Wed Apr 11, 2012 4:20 am

i hate it when people constantly try to tell you how to mod a board, that is all.

Jetset · Post #955 » by **Jetset** » Wed Apr 11, 2012 4:45 am

or when people compare your moderating to that of nazi

RiotSweetie · Post #956 » by **RiotSweetie** » Wed Apr 11, 2012 4:52 am

Ty might get offended by your use of the term Nazi.

Post #957 » by **TyCobb** » Wed Apr 11, 2012 4:54 am

SlavaMedvedenko wrote:
TyCobb wrote:Are you Slava?

Hopefully you guys don't have to ask this by playoffs time.

Life feels empty without watching Lakers basketball.

Is that a yes?

Post #958 » by **TyCobb** » Wed Apr 11, 2012 4:56 am

RiotSweetie wrote:Ty might get offended by your use of the term Nazi.

You need to think about me more.

Sofa King · Post #959 » by **Sofa King** » Wed Apr 11, 2012 4:56 am

SlavaMedvedenko wrote:Sofa King is pro-OWS? Who woulda thought?

I'm pro being smart. I still agree with hermes that it might not be for everyone especially for those not experienced.

Sofa King · Post #960 » by **Sofa King** » Wed Apr 11, 2012 4:59 am

tugs wrote:solid advices, thanks SK and hermes.

I'm not that much of a risk taker and I'm juggling between online stocks and and mutual funds and I'm leaning at the latter. problem is, if something happens to my money, I don't want to blame anyone else. right now my pros for online trading: 1) I manage my own money and 2) less initial investment. for mutual funds: 1) an expert is managing my money (kinda contradicts what I said before) and 2) low risk.

and my financial advisor btw is Robert Kiyosaki. was supposed to invest on opening up a grill but partners got busy.

I like Robert Kiyosaki. He was one of my role models growing up when I first read Rich Dad Poor Dad.