Current Events > Is there an investments board? Or a general thread or somethin

(+) Yeah! (+)

Topic
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@Darkman124
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chill02 posted...

@Darkman124

Thanks I should've tagged him in the OP lol
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hi

dont ask me about bitcoin

do ask me about indexing, EPS/valuation, and how to put together a long-term portfolio that matches your risk tolerance
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https://www.gamefaqs.com/boards/1099-business-and-investing
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Check out r/personalfinance and r/investing
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Harpie posted...

Check out r/personalfinance and r/investing

Fuck reddit
Vegy posted...

https://www.gamefaqs.com/boards/1099-business-and-investing

Thanks Vegy
Darkman124 posted...

hi

dont ask me about bitcoin

do ask me about indexing, EPS valuation, and how to put together a long-term portfolio that matches your risk tolerance

Nice
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an investing board on CE would be so painful to read
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annax0 posted...

an investing board on CE would be so painful to read

they would listen to you, you know.
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@Darkman124
I don't have much money, (I'm only 16 lol) how can I start investing?

Are penny stocks any good?
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no, penny stocks are a waste of your time. they have very high volatility and their relative growth rate is not so much more than stocks to make up for that volatility. the net benefit to you is less than the US small cap index tends to be.

do you work, and make taxable income? if so, start investing in a ROTH IRA. I started mine when I was 13 and mowed lawns over the summer. My dad made a deal with me: if I invested 100% of what I earned in the ROTH, he'd give me a gift of half that money back so i could enjoy it.

ROTH IRAs are invested in after paying tax on income (realistically, any income you have will have a net 0% federal income tax rate) and the benefit they offer is the returns are completely tax free when you withdraw later in life.

A simple, highly aggressive, stock-focused portfolio is best for a young person.
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Darkman124 posted...

no, penny stocks are a waste of your time. they have very high volatility and their relative growth rate is not so much more than stocks to make up for that volatility. the net benefit to you is less than the US small cap index tends to be.

do you work, and make taxable income? if so, start investing in a ROTH IRA. I started mine when I was 13 and mowed lawns over the summer. My dad made a deal with me: if I invested 100% of what I earned in the ROTH, he'd give me a gift of half that money back so i could enjoy it.

ROTH IRAs are invested in after paying tax on income (realistically, any income you have will have a net 0% federal income tax rate) and the benefit they offer is the returns are completely tax free when you withdraw later in life.

A simple, highly aggressive, stock-focused portfolio is best for a young person.

No, I don't have a job but I'm going to get one ASAP

thanks. Where do you go to get a ROTH IRA?
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Kaname_Madoka posted...

No, I don't have a job but I'm going to get one ASAP

thanks. Where do you go to get a ROTH IRA?

you can open one with any electronic trading platform such as vanguard, etrade, merill edge, etc. nothing complicated is required. just part of the account creation on those websites.
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Darkman124 posted...

Kaname_Madoka posted...

No, I don't have a job but I'm going to get one ASAP

thanks. Where do you go to get a ROTH IRA?

you can open one with any electronic trading platform such as vanguard, etrade, merill edge, etc. nothing complicated is required. just part of the account creation on those websites.

Oh okay thanks

I appreciate the help
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Invest all your money into Greek bonds.
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SK8T3R215 posted...

Invest all your money into Greek bonds.

Whats that
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Somebody say bitcoin!?
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Kaname_Madoka posted...

SK8T3R215 posted...

Invest all your money into Greek bonds.

Whats that

Bonds issued by the country known as Greece.
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SK8T3R215 posted...

Kaname_Madoka posted...

SK8T3R215 posted...

Invest all your money into Greek bonds.

Whats that

Bonds issued by the country known as Greece.

What do they do
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Bump
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Anyone know if questrade is good? Whats a good site/app for stocks? (I live in Canada)
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@Darkman124 is the intelligent investor good, I've been reading it and it seems to be
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i know very little about investment advice sites/blogs cant help you there
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@Darkman124 posted...

i know very little about investment advice sites/blogs cant help you there

It's a book written by a guy named Benjamin graham

Some random on reddit reccomended it
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Kaname_Madoka posted...

@Darkman124 posted...

i know very little about investment advice sites/blogs cant help you there

It's a book written by a guy named Benjamin graham

Some random on reddit reccomended it

That's supposed to be really good. I haven't finished it yet. But Warren Buffett learned most of what he knows from him. He even updated the book himself.
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I wouldn't recommend reading the Intelligent Investor. Even though basically every successful fund does exactly what the book says, it's an incredibly incredibly dull read. You're not going to be able to get through the book unless you literally find accounting interesting.

Read Security Analysis instead.

They're both very old books but Security Analysis is both easier to read and has less out of date information.
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Ok ill look into ig
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annax0 posted...

unless you literally find accounting interesting.

It's not accounting dammit! It's investing/finance. It's certainly a thick text and a somewhat tough read, but I think it's really good if you find the subject very interesting. If you don't find the subject interesting, then I would not recommend it.
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Sativa_Rose posted...

annax0 posted...

unless you literally find accounting interesting.

It's not accounting dammit! It's investing/finance. It's certainly a thick text and a somewhat tough read, but I think it's really good if you find the subject very interesting. If you don't find the subject interesting, then I would not recommend it.

I know it's not an accounting book, but it certainly reads like one, is my point.
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