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Aria Giovanni.pZ
Adapt
TeamWarfare Vet
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| 05-11-2012 04:39 PM / profile
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Originally posted by: Pillbug
Originally posted by: Pillbug
Originally posted by: Aria Giovanni.pZ
I  @ Mutual Funds outside company matched programs.
Then what would you recommend for someone that can only put in $25-$50 per month?
Still nothing, huh?
hadn't realized you actually care for an answer.
I recommend what I did back then, which was wait and pool the cash into bigger chunks and purchase specific stocks for their value.
I personally highly prefer dividend-paying stocks, although would consider a gamble or two that don't pay dividend or might even be losing money as a company, IF specific criteria is met.
One example years ago was USEC, for specific reason, but not anymore now, I got out on time.
Mutual Funds outside company matched programs are for sissies.
Also, company matched programs are dangerous too, long term, as a LOT of them are not even fully funded.
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Pillbug
Diplomat
TeamWarfare Vet
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| 05-12-2012 12:07 PM / profile
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*sigh*
Where do I start?
First, how could you have not actually realized I cared for an answer. I asked you a question, "Then what would you recommend for someone that can only put in $25-$50 per month?"
Next, I can't believe the answer you actually gave.
Of all the irresponsible and ridiculous replies one could have given, that is the absolute worst.
We're talking about a young kid who presumably doesn't have a lot already saved up. He's from a generation that will most likely not see a penny of social security and so it's up to him to plan for his own future.
And what's your bright idea? It's this:
1) Save up a giant lump sum of money to invest which, while saving for that lump sum will get at best, 0.5%-1.2% in a savings account missing out on the opportunity to grow that money.
2) When he finally gets that lump sum which will probably be everything he's saved at that point, put it in a single stock, presumably a blue chip stock based on your description. Something that he can DRIP.
3) Then, when he gets another lump some, again having missed out on high growth of that money, maybe a riskier stock investment.
So, on your suggestion, you've put him in an extremely high-risk scenario that could, with just one bad collapse of a company ruin his retirement plans. Instead of spreading risk out over hundreds of companies in well diversified funds, you've got him gambling that either he, or whomever he's taking advice from, will simply "get it right" with a few key individual stock picks.
WorldCom, Adelphia, General Motors, Citigroup, Enron, etc...
Great advice.
Wealth accumulation usually takes 1-3 generations once the fundamental rules of money and investing are learned.
Your advice is the worst possible advice for the novice investor, period.
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[-NM-] -SS-
TeamWarfare Vet
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| 05-12-2012 12:34 PM / profile
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Someone just got fucking destroyed.
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Aria Giovanni.pZ
Adapt
TeamWarfare Vet
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| 05-12-2012 03:36 PM / profile
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ok, let me higlight where you went wrong:
Originally posted by: Pillbug
*sigh*
Where do I start?
First, how could you have not actually realized I cared for an answer. I asked you a question, "Then what would you recommend for someone that can only put in $25-$50 per month?"
Next, I can't believe the answer you actually gave.
Of all the irresponsible and ridiculous replies one could have given, that is the absolute worst.
We're talking about a young kid who presumably doesn't have a lot already saved up. He's from a generation that will most likely not see a penny of social security and so it's up to him to plan for his own future.
And what's your bright idea? It's this:
1) Save up a giant lump sum of money to invest which, while saving for that lump sum will get at best, 0.5%-1.2% in a savings account missing out on the opportunity to grow that money.
...
I did not say GIANT. I said "pool the cash into bigger chunks".
that to me is $400-$500 and then buy a few stocks, at his rate that could be every 10 months, if he saves $50 a month.
I dont know, Pill, it worked for me, if that upsets you, so be it, not gonna apologize for NOT giving your people free money for fees.
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Cocytus
TeamWarfare Vet
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| 05-12-2012 04:57 PM / profile
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If he's a young guy, then he should be taking some risk. I'd rather see him DRIP into 10 high yield stocks than go with a basket of 500 which hasn't returned much in the last ten years.
It's a stock pickers market when we are going sideways. The reason why I would just learn how to read a company report is because even the professionals are getting their asses handed to them. JP Morgan to a tune of $2 billion.
Take your first $500 and buy some books on investing. I think when we give our money to somebody else, they just don't give a shit as much as we would.
Post edited by Cocytus at 5/12/2012 4:58:20 PM
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Pillbug
Diplomat
TeamWarfare Vet
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| 05-12-2012 05:11 PM / profile
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I don't now where the two of you (Aria & Cocy) are getting the notion that there aren't mutual funds that haven't performed well.
A good fund manager (one from one of the top 5-10 world management firms) is good. Go ahead and look for yourselves. Do your homework and look at some of the funds that have been managed for ~20-30 years. You'll see they return 8%-20% depending on the fund and/or manager.
If your view is what it is, then clearly you haven't been in the right funds in the past.
But to label all diversified vehicles as you have because of your own experiences is ignorant.
Personally, I've pulled in an average of 10.5% over the past 7 years and that's fucking fine and fantastic as far as I'm concerned. I doubled my initial investment in that period alone.
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Aria Giovanni.pZ
Adapt
TeamWarfare Vet
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| 05-12-2012 05:14 PM / profile
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Originally posted by: Pillbug
I don't now where the two of you (Aria & Cocy) are getting the notion that there aren't mutual funds that haven't performed well.
Pillbug I never directly or indirectly said that, stop saying stuff I did not say, stop trying to guess what my thoughts are. My wife will tell you it wont work, cuz catching one of my thoughts is like hunting shooting stars
Post edited by Aria Giovanni.pZ at 5/12/2012 5:14:23 PM
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Aria Giovanni.pZ
Adapt
TeamWarfare Vet
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| 05-12-2012 05:15 PM / profile
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Originally posted by: Cocytus
If he's a young guy, then he should be taking some risk. I'd rather see him DRIP into 10 high yield stocks than go with a basket of 500 which hasn't returned much in the last ten years.
It's a stock pickers market when we are going sideways. The reason why I would just learn how to read a company report is because even the professionals are getting their asses handed to them. JP Morgan to a tune of $2 billion.
Take your first $500 and buy some books on investing. I think when we give our money to somebody else, they just don't give a shit as much as we would.
exactly.
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Cocytus
TeamWarfare Vet
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| 05-13-2012 03:12 PM / profile
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Originally posted by: Pillbug
I don't now where the two of you (Aria & Cocy) are getting the notion that there aren't mutual funds that haven't performed well.
Keep buying ExxonMobil for the next 60 years, I'm 100% positive you will beat every mutual fund manager.
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Mockery
TeamWarfare Vet
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| 05-14-2012 01:00 AM / profile
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Originally posted by: Nathan Bedford Forrest
Originally posted by: Smiling Canadian
I'm doing my part to drive up the cost of ammo. Currently have about 65,000 rounds of 5.56, 7.62, 9mm, and .45. I will be the last to fall to the Zombies or my own government, whichever comes first...
The zombies will be the tool of the government...
They already are tools for the government. 
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Mockery
TeamWarfare Vet
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| 05-14-2012 01:07 AM / profile
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Originally posted by: Pillbug
I don't now where the two of you (Aria & Cocy) are getting the notion that there aren't mutual funds that haven't performed well.
A good fund manager (one from one of the top 5-10 world management firms) is good. Go ahead and look for yourselves. Do your homework and look at some of the funds that have been managed for ~20-30 years. You'll see they return 8%-20% depending on the fund and/or manager.
If your view is what it is, then clearly you haven't been in the right funds in the past.
But to label all diversified vehicles as you have because of your own experiences is ignorant.
Personally, I've pulled in an average of 10.5% over the past 7 years and that's fucking fine and fantastic as far as I'm concerned. I doubled my initial investment in that period alone.
Is there any way I can see the mutual fund index that illustrates this 10.5% gain over the past seven years?
Not that I completely doubt it......(since I personally think we are about due for another collapse).
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Pillbug
Diplomat
TeamWarfare Vet
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| 05-14-2012 08:37 AM / profile
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Originally posted by: Mockery
Originally posted by: Pillbug
I don't now where the two of you (Aria & Cocy) are getting the notion that there aren't mutual funds that haven't performed well.
A good fund manager (one from one of the top 5-10 world management firms) is good. Go ahead and look for yourselves. Do your homework and look at some of the funds that have been managed for ~20-30 years. You'll see they return 8%-20% depending on the fund and/or manager.
If your view is what it is, then clearly you haven't been in the right funds in the past.
But to label all diversified vehicles as you have because of your own experiences is ignorant.
Personally, I've pulled in an average of 10.5% over the past 7 years and that's fucking fine and fantastic as far as I'm concerned. I doubled my initial investment in that period alone.
Is there any way I can see the mutual fund index that illustrates this 10.5% gain over the past seven years?
Not that I completely doubt it......(since I personally think we are about due for another collapse).
I didn't say 10.5% on a single fund. My total investment value pulled 10.5% in 7 years.
I'm in about 8 different total mutual funds. One of them has been right below 20% for the past year. (Although, that was as of 6 weeks ago, so I doubt it's that high today.)
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Aria Giovanni.pZ
Adapt
TeamWarfare Vet
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| 05-14-2012 08:43 AM / profile
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how does it feel when people assume you said this shit or that shit, eh, Shirley?
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Pillbug
Diplomat
TeamWarfare Vet
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| 05-14-2012 09:17 AM / profile
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Originally posted by: Aria Giovanni.pZ
how does it feel when people assume you said this shit or that shit, eh, Shirley?
Awwwe. Did wittew Awia get his feewing hurted?
I couldn't care any less Aria.
Your actual quote was that they were "for sissies" which you neither backed up, explained or proved was bad compared to another investment strategy within the context in which the discussion was being had (which was, "I'd like to start but it would be a minimal amount. I worry those places around here would laugh at me.
I also don't know enough to get on etrade or whatever.").
So, you can see why I'd associate you with ignorance.
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Buzzed
Weird Al fanboi
TeamWarfare Vet
TWL Contributor
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| 05-14-2012 10:01 AM / profile
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Originally posted by: RomneyBot
Originally posted by: Pillbug
Originally posted by: Aria Giovanni.pZ
Originally posted by: Pillbug
Originally posted by: Nathan Bedford Forrest
I can't fucking stand debt.
Why can't all my clients be like you?  because then you would have no clients
Quite the opposite.
If more of my clients were more like NBF, they'd have more money to invest.
Get your head out of your ass.
Pillbug. What do you do? I've often thought about investing but don't know a thing about it. I'd like to start but it would be a minimal amount. I worry those places around here would laugh at me.
I also don't know enough to get on etrade or whatever. Nobody is going to laugh at you. In fact most places are happy to give you financial advice for free to get you started.
As for an online broker, you dont need alot of money. There are two types of stock trading accounts. Cash accounts and margin accounts. Cash accounts simply allow you to buy and sell equities with cash. A margin account allows you to buy and sell equities on margin, meaning you can trade with your cash and a matched amount lent to you by your online broker. This however means a margin account requires a credit check. You dont need a credit check to open a cash account. Scrape together $1000.00 or $2,000.00 and anyone can open a Cash account regardless of credit.
I opened a Cash account with OptionsHouse with $2,100.00. It was pretty easy. There are lots of brokers out there, I reccomend you check out http://www.elitetrader.com to find good reviews of brokers.
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Zombee
TeamWarfare Vet
TWL Contributor
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| 05-14-2012 12:05 PM / profile
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$2.
______________________________________________________________
This is a text sig.
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Aria Giovanni.pZ
Adapt
TeamWarfare Vet
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| 05-14-2012 01:09 PM / profile
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Originally posted by: Pillbug
Originally posted by: Aria Giovanni.pZ
how does it feel when people assume you said this shit or that shit, eh, Shirley?
Awwwe. Did wittew Awia get his feewing hurted?
I couldn't care any less Aria.
Your actual quote was that they were "for sissies" which you neither backed up, explained or proved was bad compared to another investment strategy within the context in which the discussion was being had (which was, "I'd like to start but it would be a minimal amount. I worry those places around here would laugh at me.
I also don't know enough to get on etrade or whatever.").
So, you can see why I'd associate you with ignorance.
OK, define "ignorance". Would an example of it be "I could not care any less", then go on and explain yourself and the situation in detail?.
hey, just asking a question, help a brother out, dont keep the black man down, yellow power!
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Pillbug
Diplomat
TeamWarfare Vet
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| 05-14-2012 01:42 PM / profile
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Originally posted by: Aria Giovanni.pZ
OK, define "ignorance". Would an example of it be "I could not care any less", then go on and explain yourself and the situation in detail?.
There's a difference between caring what people think, and pointing out why exactly you're ignorant within the context of a discussion pertaining to a serious question posed by someone else.
I still couldn't care less about what people think about me on this forum.
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RomneyBot
TeamWarfare Vet
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| 05-14-2012 03:33 PM / profile
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Originally posted by: Nathan Bedford Forrest
Originally posted by: Smiling Canadian
I'm doing my part to drive up the cost of ammo. Currently have about 65,000 rounds of 5.56, 7.62, 9mm, and .45. I will be the last to fall to the Zombies or my own government, whichever comes first...
The zombies will be the tool of the government...
65,000 rounds is nothing anyways.
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Screwtape
TeamWarfare Vet
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| 05-14-2012 04:06 PM / profile
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I did save some money.
Then I went back to school.
Now I have debt.
FML.
FORGIVE THEM STUDENT LOANS BARRY!!!
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