bintananth
behind a desk
If $100 is the most you'll risk on a flyer then you're effectively walking into a Casino and putting it all down on 0 at the roulette table for "shits and giggles".
Money makes the world go round - your investments
- Thread starter Culsu
- Start date
VicSage
Carpenter, Cobbler, Chirugeon, Dataminer.
My serious investments were in airline during the middle of the slump, and in tech and manufacturing NOT located in China. The only reason I'm not doing better than I am is because I wasn't expecting that near fifteen dollar plummet that United had a couple months ago.
bintananth
behind a desk
My truly serious ones are US Treasury Bonds with maturity dates spread out over the next 30 years. If those go bad we're all taking it "right in the down under" in unpleasant ways a prostitute wouldn't say "yes" to for any amount of money.
Everything else is something I can walk away from without having to worry about tomorrow if it goes tits up.
How do y'all feel about the Motley Fool?
bintananth
behind a desk
Like anything involving money, I take it with a grain of salt because they're getting paid and don't always have your best interests in mind.
When I read it what's publically available boiled down to generalities that you could've gotten at any other place as well. Generally I find the analyses at Seeking Alpha to be a lot more convincing and detailed, though I admittedly don't use them for a lack of spare cash to invest.
bintananth
behind a desk
@Culsu,
A decent strategy for building a cash pile for investing:
- Use your wallet for everyday expenses like gasoline and groceries.
- Keep a change jar and use it whenever you come home. It adds up. A five gallon water jug can hold few thousand dollars in quarters.
- Use your checking account for the big stuff like rent/mortgage, car payment, insurance, utilities, &c and set a max balance for this account. High enough to cover what you know you're going to spend every month but low enough that you won't use your debit card on something shiny that just caught your eye.
- Stuff everything over your predetermined max balance into a savings account every time you deposit your paycheck.
- Do not touch your savings account except to buy an investment, pay for something you planned on buying beforehand, or pay for an emergency expense.
- Do not touch your credit card except in an emergency or to occasionally buy something when your wallet can't cover it so it doesn't get cancelled for non-use.* Keep this balance as close to zero as you can because credit card interest rates suck and this line of credit is for "welp, something expensive just happened" like a car accident.
* I've had that happen. Kinda surprised me when it did.
A decent strategy for building a cash pile for investing:
- Use your wallet for everyday expenses like gasoline and groceries.
- Keep a change jar and use it whenever you come home. It adds up. A five gallon water jug can hold few thousand dollars in quarters.
- Use your checking account for the big stuff like rent/mortgage, car payment, insurance, utilities, &c and set a max balance for this account. High enough to cover what you know you're going to spend every month but low enough that you won't use your debit card on something shiny that just caught your eye.
- Stuff everything over your predetermined max balance into a savings account every time you deposit your paycheck.
- Do not touch your savings account except to buy an investment, pay for something you planned on buying beforehand, or pay for an emergency expense.
- Do not touch your credit card except in an emergency or to occasionally buy something when your wallet can't cover it so it doesn't get cancelled for non-use.* Keep this balance as close to zero as you can because credit card interest rates suck and this line of credit is for "welp, something expensive just happened" like a car accident.
* I've had that happen. Kinda surprised me when it did.
bintananth
behind a desk
Eh, no.
Last year right when the price crashed and hit the floor? Sure.
This year well after the price has already rebounded back to somewhat normal? Not a chance in hell.
Abhishekm
Well-known member
Yeah, bought in at Jan cashed out last month ago like a paper handed punk. Meh. To clarify thats why I meant I did this year. Not much of course just a few stocks overall but I've never likes stock trading overall.
bintananth
behind a desk
I thought you were offering a suggestion.
Trying to time the market is a foolish game. Unless it's something so drastic no one saw it coming the professionals have already taken the outsized returns.
ParadiseLost
Well-known member
Unless you have a good grasp of statistics and how hedging works, you should not use options.
True, for the average investor it's basically like throwing mud against a wall and betting which blotch ends up sticking.
Abhishekm
Well-known member
Nah, was just saying what worked out this year. Didn't invest much though so not really that great a payout. But really who didn't see the oil stuff coming?
Calls and Puts are dumb and this year proved it. Really not worth the risk unless a stock is known to be over or under valued.
bintananth
behind a desk
With the money that really matters it's US Treasuries with maturity dates spread out evenly over the course of the next 30 years.
For the other stuff I'll ask my teenage daughters for their opinion before I make a decision. If one of them thinks it's a bad idea they're probably right.
ParadiseLost
Well-known member
LOL, the worst of all possible options.
Agent23
Ни шагу назад!
TIPS?
bintananth
behind a desk
We don't buy those.