Dont Taze Me Bro Posted July 7, 2015 Share Posted July 7, 2015 Taze- Have you done anymore? Any luck in getting any better after attempting to invest that $200? I haven't done anything yet. I was off and one beer led to another......yeah, got lazy Link to comment Share on other sites More sharing options...
LEED3D Posted July 7, 2015 Share Posted July 7, 2015 Another boglehead here. I highly recommend their forum and books. My advice for anyone is to put together a lazy portfolio consisting of low expense index funds and sit on it. Re-balance annually and weather the ups and downs. You'll end up with better returns than 90% of those that chase individual stocks in the end. Just my 2 cents. http://www.bogleheads.org/wiki/Lazy_portfolios http://www.bogleheads.org/forum/ 1 Link to comment Share on other sites More sharing options...
Springfield Posted July 8, 2015 Author Share Posted July 8, 2015 Perhaps somebody could give me a brief primer on low expense index funds. I get the low expense part, what exactly are index funds? Also. YANG went up about $10 today. It's jumped from around $55 a month ago to almost $90 today. That's huge. China is tanking. Link to comment Share on other sites More sharing options...
chipwhich Posted July 8, 2015 Share Posted July 8, 2015 Perhaps somebody could give me a brief primer on low expense index funds. I get the low expense part, what exactly are index funds? Also. YANG went up about $10 today. It's jumped from around $55 a month ago to almost $90 today. That's huge. China is tanking. A fund tied to an index like the s&p 500. So essentially if the s&p 500 makes 20% you make 20%. If it tanks. You tank. With a. Mutual fund a money manager picks random stocks. If he does well you do well if he tanks you tank. Link to comment Share on other sites More sharing options...
Springfield Posted July 8, 2015 Author Share Posted July 8, 2015 A fund tied to an index like the s&p 500. So essentially if the s&p 500 makes 20% you make 20%. If it tanks. You tank. With a. Mutual fund a money manager picks random stocks. If he does well you do well if he tanks you tank. My 401k is tied to mutual funds. I assum I can get index funds with pretty much any "regular" trading program like ETrade, etc. The Robinhood app doesn't allow funds whatsoever. Link to comment Share on other sites More sharing options...
chipwhich Posted July 8, 2015 Share Posted July 8, 2015 My 401k is tied to mutual funds. I assum I can get index funds with pretty much any "regular" trading program like ETrade, etc. The Robinhood app doesn't allow funds whatsoever. You can have index funds in your 401k. Depends on your employer. You can check Link to comment Share on other sites More sharing options...
Springfield Posted July 8, 2015 Author Share Posted July 8, 2015 You can have index funds in your 401k. Depends on your employer. You can check My employer is switching our 401k later this year so I won't bother until after that. I like what I'm doing with my 401k at this point though. Mostly aggressive growth. 1 Link to comment Share on other sites More sharing options...
techboy Posted July 8, 2015 Share Posted July 8, 2015 As far as today, I didn't do anything. Held FIT and waited for my funds to clear (Robinhood holds your funds for 3 days after you sell a stock). Looks like NUGT started to turn up, thus DUST dropped, but I worry that that is just a temporary correction. Another fun ETF to watch (but I haven't bought... Yet) is YANG. That's and ETF that is essentially betting against the Chinese market. Everyone and their mother seems to think that the Chinese market is about to plunge downward. YANG jumped up $7.00 today (or about 10%). But like techboy was saying, just because that particular ETF jumped up 10% today, doesn't mean that it is guaranteed to jump up again tomorrow. Am I reading that correct techboy? Everyone holds stock proceeds for three days. That's the time it takes to clear. In terms of leveraged and inverse etfs, the issue is more that they're designed as very short term instruments for big players that need to hedge or maintain a position for a few hours while doing something else with the money. Hold it longer than that, and decay can start to happen, because the instrument isn't designed for it. So a longer term 10% movement can indeed lead to a profit less than 10%, or even a loss. You should probably do some serious research if you're thinking about continuing to use them... I only know the basics because I am the opposite of a short term player. Link to comment Share on other sites More sharing options...
Springfield Posted July 8, 2015 Author Share Posted July 8, 2015 YANG up another $13 today. I had to get in. Too bad I didn't at $60 instead of $100. Link to comment Share on other sites More sharing options...
twa Posted July 9, 2015 Share Posted July 9, 2015 anyone buying Apple? Link to comment Share on other sites More sharing options...
Springfield Posted July 9, 2015 Author Share Posted July 9, 2015 (edited) anyone buying Apple?I think it's a good stock but it probably isn't the best time to buy Apple considering the Apple Watch numbers are way low.I'm way novice though. Edited July 9, 2015 by SpringfieldSkins Link to comment Share on other sites More sharing options...
dchogs Posted July 9, 2015 Share Posted July 9, 2015 I think it's a good stock but it probably isn't the best time to buy Apple considering the Apple Watch numbers are way low. I'm way novice though. that sounds like the best time to buy a stock (before a signature product takes off). granted you have to believe in the company and product. see: predicto's great pre-Iphone-apple sale. Link to comment Share on other sites More sharing options...
Corcaigh Posted July 9, 2015 Share Posted July 9, 2015 (edited) YANG up another $13 today. I had to get in. Too bad I didn't at $60 instead of $100. How are you feeling today ... Enjoy the roller coaster. The Chinese market had already taken a beating having dropped by 30% before you got in. You are betting against the Chinese government and their desire for control. Good luck. Edited July 9, 2015 by Corcaigh Link to comment Share on other sites More sharing options...
Springfield Posted July 9, 2015 Author Share Posted July 9, 2015 Yeah. Got hammered today. Definitely. I have to assume that the Chinese market can't be artificially propped up forever... 6 months of the Chinese not being able to dump their stocks might put a damper on it though. We will see. Link to comment Share on other sites More sharing options...
Corcaigh Posted July 9, 2015 Share Posted July 9, 2015 Yeah. Got hammered today. Definitely. I have to assume that the Chinese market can't be artificially propped up forever... 6 months of the Chinese not being able to dump their stocks might put a damper on it though. We will see. That's the thing about stock picking. Your hunch may be right, but the "market" may be irrational or contrarian for longer than you can take the pain. Link to comment Share on other sites More sharing options...
Elessar78 Posted July 9, 2015 Share Posted July 9, 2015 I think it's a good stock but it probably isn't the best time to buy Apple considering the Apple Watch numbers are way low. I'm way novice though. agree with dchogs. you have to look at Apple's fan base and history. generation 1 (G1) of any product of theirs goes for a premium. It's for the early adopters. Eventually, they roll out versions for the masses. Think iPod, iPod mini, iPod nano, iPod shuffle. Most people are saavy too, to wait for G2 so any bugs get worked out and features are enhanced. With that said, they're not above releasing a dud. Newton, anyone? The thing is that iPhone is a mainstay and so are their other offerings. So when the stock is down, is probably a good time to buy. i could've bought when their stock was .62 cents or $1.47 in the early 2000s. That's the thing about stock picking. Your hunch may be right, but the "market" may be irrational or contrarian for longer than you can take the pain. Which is the underlying wisdom of the index fund. Link to comment Share on other sites More sharing options...
Corcaigh Posted July 9, 2015 Share Posted July 9, 2015 (edited) I'm not sold. The iPod ("a thousand songs in your pocket" and iPhone/Smartphone messages were compelling. The question was execution and they hit that out off the park with usability, iTunes & the App Store etc. I don't see the same level of adoption for the watch in its current form because it doesn't seem to add enough value over your smartphone. It's a companion device with a limited life. For many who are highly 'social' the web/online world may well be going more in the direction of 'push' versus 'pull' and the watch could be the perfect device to receive a flood of notifications. Or to hail an Uber vehicle (or spacecraft). But how many want a dedicated $500 companion device for that? It's not usable for interacting with anything but very simple messages (unless society gets used to shouting at our wrists). There are also enterprise possibilities for messaging and alerts, but like other wearables I think this is niche rather than mainstream. I do own watches (for running and officiating sports), but they are specialist niche devices that cost a fraction of the iWatch and out-perform it. Edited July 9, 2015 by Corcaigh 1 Link to comment Share on other sites More sharing options...
Springfield Posted July 9, 2015 Author Share Posted July 9, 2015 I like Apple's products. I'm just not a "watch guy" so I'm not buying one. It's as simple as that for me, however Apple is excellent at making you buy things that aren't essential. Link to comment Share on other sites More sharing options...
Springfield Posted July 9, 2015 Author Share Posted July 9, 2015 That's the thing about stock picking. Your hunch may be right, but the "market" may be irrational or contrarian for longer than you can take the pain. Here's my hope. I'm hoping that this is just a temporary decline. The price of YANG went from ~$85 to ~$90 over the course of the day which I would take to mean that investors predict it to go back up tomorrow so they were buying low. Just my thought. Again, I am a bad person because I'm into this ETF and it is essentially banking on China's economy to crumble (or return to normalcy). On the bright side, FIT saw modest gains today. Link to comment Share on other sites More sharing options...
Springfield Posted July 10, 2015 Author Share Posted July 10, 2015 Taking another hit on YANG again this morning. Looks like China is going to ban short selling... in which case YANG might as well fold. Link to comment Share on other sites More sharing options...
Springfield Posted July 15, 2015 Author Share Posted July 15, 2015 Still holding YANG. Back up the last two days but not to the point at which I bought. Holding FIT and its performing great. Bought AAPL on hopes that it would increase. Haven't done anything with DUST or NUGT over the last week. Looking forward to buying PayPal when it's released on Monday. I think that one will shoot up immediately like FIT did upon IPO. Link to comment Share on other sites More sharing options...
tshile Posted July 22, 2015 Share Posted July 22, 2015 xom has tanked with oil, is paying a 3.5% dividend, has a low PE. seems undervalued. not only that, but looks like an undervalued stock that may become correctly valued/overvalued quicker than most undervalued stocks... what do the rest of you think? Link to comment Share on other sites More sharing options...
Switchgear Posted August 24, 2015 Share Posted August 24, 2015 Wednesday last week the S&P was around 2100. Today it's at 1900 and dropping like a rock. Any guesses as to where it will bottom out? Link to comment Share on other sites More sharing options...
Elessar78 Posted August 24, 2015 Share Posted August 24, 2015 stocks are going on sale, buy 'em up! Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted August 24, 2015 Share Posted August 24, 2015 I got a little change in my pocket, going jingle-lingle-ling... Link to comment Share on other sites More sharing options...
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