Robinhood General Thread -- /rgt/

NETE 2 DA MOON

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Join up faggots, we catchin green themes in this bitch

I'm so glad I didn't fall for the ASTI meme

is it true that large firms hunt daytraders and use flooding tactics against them for free money?

>>1072743
>fall for the meme
I made $1500

>>1072746
The reptillian ogre lords are the ones controlling the market

>>1072751
Didn't it tank in value during January when everyone thought it would shoot up?

>>1072754
buy LOW

sell HIGH

[spoiler]I was lying. I bought @ .1 still made $300 though. fuck China.[/spoiler]

Got destroy by sfxe. At least asti is making a come back

>Tfw GOOGL up 6% afterhours

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hello busniess men,

do any of you have advice for me trying to get a 20k loan right now? or a 20k line of credit. my car has been impounded and it costs a few thousand to get it back + 40 each day it's in there, and i need a few thousand dollars to take care of some things so i can stop being fucking behind.

the only thing i have to offer for collateral is my car which i bought for 14k. my credit is fucked (almost at 600) due to 5k in medical bills and 2 missed payments from 2012. i'm about to go to western union and apply.

advice please? this will literally change my life if i can get it. i will be able to pay likely $400 a month back until later this year when i will have a ton more money.

How'd you guys start trading stocks? What do i need to do to get started? Ive spent a bit of time on investopedia's stock simulator and i was just wondering for the future. Should i start with penny stocks?

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LISTEN UP SHITLORDS

I'm gonna say this once and once only.

Wanna Green up next week? Follow this fucker here: $GIG

Why? Well check pic fucking related for starters!

This stock just busted through its 52 Week High of 3.29 today even after dipping and is sitting on 3.34 with a new high of 3.36.

It's earning report is coming up next week on Feb 9.

Now you are asking, why do I want to meme this stock when I've seen ASTI, FREE, QTM, and more fail?

First, this isn't a fucking meme penny stock get rich quick shit.
Second, it has consistent uptrend for the last year.
Third, every time it's earnings have come up stock price has increased!
Recent example in October has shown the stock go from 1.90 to 2.64. You can scalp it right then or hold for more gains.


Listen this is probably one of the better tips you will get in this particular thread. You will make some money and be in the green!

You decide where to go from here. Later faggots.

>>1072787
My advice to you is to stop making retarded financial decisions.

Why would you get a 14k car you can't afford?
I make 90k a year and drive a beat up 1995 corolla.

Why would you have 5k in medical bills? Don't you have insurance?

Any loan you can qualify for with a 600 credit score will just serve to fuck you harder.

File for bankruptcy and stop spending money you don't have.

>>1072794
Don't do penny stocks for fucks sake.
Just buy single stocks of a good company if that's all you can afford. Penny stocks are worth pennies for a reason.

>>1072731

>mfw the dog actor for Wishbone has been dead longer than he has been alive by now.

Anyways, any chance the markets are going to do better in February or is it going to roller coaster like January? I don't really see anything on the horizon that would assure or just make the markets a dump.

>>1072796
thank you anon for the sound financial advice, i'll be one to buy 30 of them bitches at opening tomorrow

>>1072796

Holy shit actual good advice on /biz

>>1072798
Alright but did you go online to find a broker? Or is it easier to just find someone in person?

>>1072796
I want to believe.


but I just got out of asti and don't want to get burned again

>>1072796
gg

>>1072796
I BELIEVE. I'll go all in at open tomorrow. I'll make an exception and wake up at 6:30 just for you, anon!

>>1072796

Looks pretty solid to me. Anyone else actually picking this up tomorrow? I'm thinking of getting ~25 shares.

Thank you for the tip based anon.

What kind of hidden fees can i excpect from Robinhood's app? It says its totally free but i refuse to believe that.

>>1072840
I'd wait to see if it goes back down anymore before they release their quarterly results on the 9th.

>>1072852

I'm going to see what it does at open tomorrow. I'm going to try to get in on a dip. It looks to me like it's closed up just about every day for a week or so, and looking at how it's performed after it's last 4 results it seems like a pretty safe buy.

>>1072821
>>1072846
Use Robin Hood if you're just starting out.
It's perfect for noobs, as there's no fees.

They have a faq on their website on how they monetize. Basically you can't use your money immediately after a sale. There's a three day waiting period before your funds settle, and while your money is sitting idle they use it to make theirs.

It's FDIC insured so up to 250k will be covered if they decide to screw over all of their users for whatever reason.

>>1072796
>It's earning report is coming up next week on Feb 9.
last time I heard this was qtm and uhh
wew

>>1072912
>comparing a shitty penny stock to a more stabilize stock

>>1072867
>There's a three day waiting period before your funds settle

That reminds me, has there been any more news out about Robinhood Instant?

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>>1072912
You're wise to question anonymous shitposts but these look pretty different desu

>>1072925
Soon™

>>1072928
That is a striking difference...

>>1072796
Idk, if you didn't get into GIG under 3.00 I don't see a reason to. Too risk.

>>1072751
Post a screenshot

How much money would I need in this to quit my day job?

>>1073015
Using a different platform, ~20k, and able to do good calls.

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I got in early on gig. Its been nice to me

What time do the markets open tomorrow?

>>1073025
20k is not near enough to make a living on. You would need 20% returns every month

>>1073094
Try googling it.

>>1073097
kek t b h fami

>>1073095
>he doesnt live in mom's basement

lmao check out this normie

What are the odds of me turning $20 in $200

>>1073115
Zero

>>1073118
That's mathematically not probable. It's more like 0.0000001

>>1073095
4k a month to live, yeah if you have a family, high rent, expensive area, going out to eat a ton.

You can do with less if your single have low rent, and cook at home. Or have some one else paying bills with you.


And if you don't take out all your earnings it just gets a little more and more assuming you magic and not making losses.

>>1073115
What is the time period? A month, a year, 10 years?

In any scenario it is unlikely, but the more time the slightly higher chance of doing it.

>>1073126
I think I'm going to fall for the GIG meme and when the market opens tomorrow buy 5 shares of GIG stock.

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comeback boys

>>1073136
what were you holding today

>>1073140
DWTI since last monday. Oil getting pretty bearish again so imma keep holding at least for this week

>>1073147
>DWTI
ah man youve got balls huh

>>1073151
yeah I make a lot of risky plays

>>1073115
with more time it becomes possible, but I get the feeling you want it in like a month, in which case its super low

>>1073177
hes not gonna get 1000% return on his 20$ period

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>>1072798

the 14k car is the only car i could get because my uncle is a car salesman and he worked out a deal for me. i could afford it, i paid it every month, i just dont have 2000 all at once to get it out of the tow yard.

the missed payments were from some stupid credit card i had as a teenager and i didn't know or care about credit.

the medical bills were from a job that was supposed to be covered under workmans comp and it got fucked and i was charged instead. im in the middle of getting it removed but it takes forever.

im not spending money i dont have. i was doing fine until my car got impounded for old parking tickets. telling me to do better in the past doesnt help me now, i know that i need to do better and i have been doing a lot better than i used to.

>>1072798
This. I made 150k last year and I drive a 98 volvo I got for 1.5k.

Stop being nigger rich retards.

>>1073198
Obviously you haven't learned anything if you're still making excuses.

Getting your car towed shouldn't ruin you.
You should've had savings before your splurged on a car your couldn't afford. You're uncle didn't help you, he fucked you pretty hard actually. You should've just gotten any old used car that came cheap.

Until you're out of debt and have 10k in savings, you don't spend money on shit. If you had savings, you wouldn't be paying money for storage. If you had savings, you could've gotten a workers comp lawyer and saved money.

>>1072796
>turning $20
I checked the financials. not expecting much. But it actually looks like it is growing solidly. no debt to speak of and decent revenues for a small company. Buy up lads, this looks promising.

>>1073094
Same as every Tuesday. 6:30am Jew jork time.

>>1073121
You are not factoring in taxes. A CPA to do those taxes. Inflation eating away at your capital. Trade fees. What you just gonna sit on 20k capital for the rest of your life hoping to make the same 10-20% return every month? Enjoy your ulcers and heart attacks

>>1073216
You mean 9:30 am est. new york time
6:30 am is for pst. California time.

>>1072740
>No kik name

kill yourself pls

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>>1072796
>>>1072815 >>1072817 >>1072830 >>1072833 >>1072835 >>1072840 >>1072912 >>1072966 >>1073212

THE SHILLING IS FUCKING REAL

Under the portfolio tab what does the number at the top mean?

It says $20.13

>>1073324
Fuck. Yeah you are right.

>>1073389
the money you have in stocks + cash. Also counts unsettled funds and everything.

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>tfw making a comeback this month

Was -58% earlier. Feeling better about things atm.

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Anyone want to leave their opinion? UAMY is at .20 right now, and I'm guessing by the previous trends that the price might go up to .26 or .27

I bought some at .23 and considering buying more since it's down a lot. I'm a beginner so I want to be safe and get multiple opinions on this

>>1073404
So I technically made $0.13

>>1073151
oils not really risky.. at all. Oil goes up and down frequently about every 7-8 years.
due to over production then it all halts, price per barrel goes down -> stocks go down -> oil gets sold -> etc -> stock goes back up
As of right now oil is a get rich thing to buy, that is if you invest into strong companies. Some smaller companies may linger off and not make it, but for the most part almost all the companies in oil right now will go up within the next year at the longest. Maybe less since OPEC is talking about reducing production because they have already spent close to 150 Billion trying to force other oil producers out of business. Oil right now may be on its rise currently but no one knows for sure OPEC hasn't made any final decisions, although they are talking about cutting production by 15% which would make oil stocks soar up again.
The price of oil per barrel has already began to go up to about 36$ for some companies which is about a 20% increase

>>1073410
that graph doesn't look like you can really depend on trends pham

>>1073410
look like everyone else has said, GTFO of penny stocks.
>"I want to be safe"
Penny stocks have the biggest risk of investments they are also referred to as "Junk Bonds/Stocks" because its a huge hit or miss on these kinds of stocks.
Although, not to ignore the fact that penny stocks also may have the best rewards too, but its a 1 in a million shot on which penny stock is going to be the next "Apple" so my advice like many other people.
>Don't put all your hope into penny stocks much more don't put much money into them either. You're likely to get fucked over.

>>1073408
Sure hope you dumped ASTI on the pop today

>>1073404
Because what I did was transfer $20 from my account and bought 84 shares of NETE. So if it says $20.13 I now have $0.13 more cents

>>1073467
watch out guys the next warren buffet coming through

>>1073450

I feel like that doesn't apply to me because I'm just trying to flip them right now. I am well aware of how dumb it is to actually hold on to these.

I went with low priced volatile stocks because I don't have a lot of money to put down and I can buy a lot of these and make more money rather than flipping bigger stocks.

OIL!!!!!!!

GAP UP ON DWTI BABY PLEASE

>>1073467
Yeah it means your 84 shares went up by 13 cents (total)

guys do I take profits on google or do I keep holding it

>>1073467
>not getting ASTI instead
YOu could have had 168 or more shares of ASTI.
It's going to reach $1 by Feb 11th

>>1073476
>do I hold a blue chip
Gee, what do you think?

>>1073480
>bluechip means it never goes down

>>1073470
Haha I'm just testing the waters so to speak

>>1073478
Doubt it.

>>1073483
Yes. Because Google can't possibly grow from here right?

>>1073505
ok ok ill hold it

thanks

Alright so I was skeptical but I made a Robinhood account and put in some money.

Now how do I add more money? I sent a picture of my ID.

Do I just have to wait before I can add in any more money or do anything?
I want to get started. I have to wait until my ID gets verified some time?

>>1073509
Yeah you wait for them to sell your ID online and you can get the difference + tax

>>1073511
Uhuh.

Someone remind me how Robinhood makes money again? Honest question.

>>1073410
if youre trying to be safe just fucking close out every single one of your positions in penny stocks. please dude pleaseee

also you cant read shit from line graphs look at a candlestick graph god damn it

>>1073512
They invest everyone unsettled funds. After you sell some shares there is a 3 day waiting period on your money.

>>1073516
Ah ok.
So right now I just have to wait to get my ID verified I guess. I was hoping to get started.

IS CHIPOTLE GONNA SOAR AFTER EARNINGS REPORT?

>>1073512
Hidden fees

Anyone else have to wait an extremely long time for verification? I've been waiting for a month now.

>>1073532
it only took me a few days

>>1073532
No...you're kidding me lol. Go fuck yourself you're pulling my leg lol

>>1073532
Yep. They finally asked me to send them my ID and then after a few days it cleared.

>>1073532
email support. god damn i swear this is a fucking meme

>>1073537
See they asked me for my ID fairly soon after I submitted my application. I've sent a few support tickets, and only received one response. It said my application was under "final review" and that it would only be a few more days. Still nothing.

>>1073541
I have. I have sent three support tickets so far.

>>1073542
Try actually calling them

>>1073548
Good idea. I'll try to get around to it tomorrow.

>>1073548
impossible i couldnt find a number

>>1073562
>You may call us during market hours (9:30am - 4:00pm EST) at (650) 940-2700.

>>1073565
damn where was this when robinhood was down that one day. will they execute trades for you over phone lol? I can imagine one of you retards doing that with ASTI and getting mad when your market order buys it at .18 instead of .11

>>1073574
You're a fucking mongoloid if you couldn't figure that out.

>>1073593
just because i post on a Mongolian child trading forum doesnt mean im a mongoloid

I'll have my account ready in 3-5 business days.

How much does /biz/ put in on average? I was thinking just tossing in like $100 to see where it goes.

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So close senpai

Why does the stock market close

>>1073612
trade futures

>>1073605
I have put $500 in my account but $100 is perfect for testing the waters just dont put it all in one stock

I wonder how much it would cost to hire a group of teenagers to camp /biz/ and similar boards/websites, and just shill the fuck out of a similar stock that I have a large stake in?

Is that illegal?

>>1073605
>>1073617
$100 is what I put in to test the waters. Currently my best stock has been Ford, and my worst stock is SunEdison. That whole penny stocks being a waste is really starting to make sense.

Haven't started trading yet, but how many people just buy then sell later in the day if they've made a profit? How often do you guys hold?

Wow friend just offered to loan me enough money to be eligible for margin. I think I am going to accept the loan..

>>1073633
>Getting a loan for a glorified loan account

>>1073640
Yeah it's risky as hell but to make money you need money.. I'm young enough to be risky

>>1073623
>implying that isn't currently go on.

>>1073645
>Youth means more risk.
Don't fall for this meme. Youth means any risk at all, as in stocks. At old age you should be primarily in bonds to ensure you don't lose your money in a major market correction.

Losing 3-5 years worth of wealth progress is never okay.

>tfw living in west coast
fuck having to wake up at 6:30 so I don't miss $GIG

>>1073623
Depends did you say you had bought the stock and amount?

>>1073758
Nice meme

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this us why patience is important and also why i should realize my gains lol. I could have made some good money buying the dip on dwti. at least I'm about to break even

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>>1073917

>mfw I sold DWTI yesterday since it hit my stop loss at $285

I mean I still made a profit but God I would've double my gains looking at today.

>>1073920
bro there's no reason for oil not to tank again haha. I'm gonna ride this bear wave all today and possibly sell at market close or YOLO and hold it again hahah

I spent yesterday regretting my roulette spin gamble on SFXE. I don't even want to stocks anymore.

Any predictions what NETE is going to do?

>>1073923
For those too poor for DWTI like myself, I suggest RUSS while it's <$50.
I think it's got a pretty good chance at hitting $60 by next week.

>>1073928
my prediction is that you'll end up like
>>1073927 for trading penny stocks fag

>>1073929
I up vote this

>>1073932
You a ho

HOP ON THE $GIG TRAIN BOYS

>>1073935
stop trading penny stocks.I can't stress this enough because if you have to ask other people for prediction you probably have no idea why the stock moves

anyone plain CMG earnings?

>>1073938
The value of stock goes up and down based and how much people buy or sell.

>>1073940
but can u tell me why people are buying and selling nete?

eyeg

>>1073942
Meme magic

>>1073948
you're retarded and I hope your RH account is tiny

>>1073955
NETE to the moon

ophc anyone?

$GIG on suicide watch

Glad it didn't hit my buy limit on that bullshit.

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Why can't you guys afford interactive brokers?
Minimums are only 10k, or 3k if your under 24.
You don't even have to keep 10k in your account, it's only to open it, just borrow the money and with withdraw some the moment you can.

Why would you want a broker that doesn't let you short or trade during the extended hours?

GIG isnt even a bad company, just the wrong time to buy in is all.

>>1073939
I don't see how Shitpotle will ever recover.
Their whole deal was using "natural" ingredients, but I think people are starting to wake up to the fact that it can be a bad thing too. I've known a few hardcore fans who have sworn off of it after the second incident.

Furthermore, they just don't have the strangle hold on "fast casual" they used to. I've seen loads of these types of places open up. They're not special anymore.

I expect the earnings to be a bloodbath for them.

>>1073966
you seem confident are you gonna buy some puts or short it then

>>1073963
Do you have a severe learning disability, my dude?

>>1073938
Let them learn from their mistakes, bro. I feel you but in the end it's their money and not yours.

>>1073963
Fees, son. Plenty of these people are broke as shit. I know the feeling, too, I had $250 from the age of 21 to the age of 23. Every paycheck went to college and cost of living, classes got in the way of work hours, etc. Now I'm well off at 26, but most people on /biz/ are 19-25.

>>1074008
This

>>1073963

> Why don't poor people just get more money?

>>1073920
The same damn thing happened to me. Lesson learned I guess

>>1074008
What's going on with NETE

>>1073963
Because they have fucking commission fees

when you're trading sub-1000 dollars, robinhood is really the only way to go

kys

Why did facebook skyrocket? I'm not complaining, I made some good money from a much earlier investment, but I don't really understand it. I'm new to trading.

>>1073963

What would you recommend? I have 12k to invest with. I'm not allergic to fees because I don't do daytrading, I usually hold something for a week to 6 months, but it's nice to not have to deal with fees.

>>1074036
12k is a lot. Are you prepared to potentially lose it all?

>>1074038

Yes. I'm young, my parents are very well-to-do, I have more money, and I'm going to learn how to invest now. I've been making about 2-6% a month from buying pretty stable tech stocks and anticipating trends.

$GIG is going to start going back up, r-right guys?

>>1074043
just buy GE and other dividend stocks.

You have a huge advantage over your peers, don't learn to trade like a poor unless you want to live like a poor when you lose it all.

Just coast on your progenitor's sacrifice and enjoy the ride.

>>1074070
earnings next week fag

>>1074072
F or GM are good dividend stocks too

>>1074072
>>1074076

Thanks senpai

>>1074043
all in Kroger

>>1074081
This is no market to learn how to invest in. This some next level volatility, best bet is to play it safe and hold some blue chips. Even if the share price takes a hit the dividend will cover your losses.

Diversify into some growth stocks in a few years after the bubbles pop and we're back in a free money growth market.

>>1074094
lol what are you a pussy? you can learn in any market.

>>1074099
anon I'm relpying to has enough of a silver spoon that he doesn't need to learn like us poors

>>1074104
12k is half way to becoming a real daytrader don't limit him to growth stocks senpai.

also did anyone play tvix today?

>>1074036
Asking for broker advice or tips?
It's about a broker, your 13k short of getting a centerpoint account. get IB, commissions are fixed 0.005 per share (min of 1 dollar) or tiered 0.0035 at under 300,000 shares and scales down the more shares you trade
you have to pay extra for level 1,2 as well as real time charting though.
it only becomes problematic when you trade in larger lots, at 1000 you paying about as much as etrade and td.

as for tips though, don't take any.

>>1073942
I'd actually like to know.
I've still not started trading, but I want to know what makes meme stocks move, if it's any different from non-penny stocks.

>>1074140
I'm not the guy to ask, I have a no meme stock policy and try to offset all the meme stocks by posting tickers that aren't shit

>>1074140
also RH is fine for 12k but you need to use actual charting software because robinhood is shit and prices are always delayed slightly (use Google finance, marketwatch, or ThinkOrSwim for advanced charting). Also emulate RH on your desktop for faster trades. (use blueatacks or arcwelder) also I suggest two monitors. I use one for RH and the other for multiple charts

>>1074106
I did and pussied out because it dipped.
Managed to break even, but then it just shot back up even more.

>>1074140
All stocks move on rumors and news. Meme stocks have a group or more of people who getting in at a low price and lock down as much of the shares as they can.

Then, they will go to blogs, social media, and hire stock promoters to pump the stock. The stock rises due to the lack of shares available. Once the group has a nice profit they start to unload aka the dump.

I fell for the NETE meme

>>1074140
If there isn't any meaningfull news check twitter,. search the ticker with a $ in front of it like,$NETE. It should give you a heads up of what the small time degenerate action seekers are reasoning. You also see some news letters picking it.

>>1074162
>>1074169
Thanks for the info.
I'd also like to know how low in price the stock has to be before being considered a penny stock.
I'd assume under $1.00 but I'd like to know for sure. When I start, I want to try and get cheaper stocks, but nothing as volatile as penny stocks.

>>1074174
>being considered a penny stock.
it's a loose definition, but usually around 1-5 dollars,
though people forget about the market cap and the shares outstanding.

under 00.01 are considered sub pennies.

seems like the place to ask

I'm in Canada

how big of a chunk of change will I need to live off the monthly interest?

>$1,000,000
>$500,000
>$250,000

What interest rates can I expect from banks here? And how would it work? Can I simply say to a bank "hey I have this chunk of money, I want it keep it away for 5-10 years or more and live off the interest"??

>>1074184
>how big of a chunk of change will I need to live off the monthly interest?
Depends on what kind of standard of living you want, and whether you're a competent trader who will actively manage your assets.

>What interest rates can I expect from banks here?
Pretty much zero.

>And how would it work?
Open up a savings account and put money in it

> Can I simply say to a bank "hey I have this chunk of money, I want it keep it away for 5-10 years or more and live off the interest"??
No. Banks just hold money. The interest on a saving account is made from putting your money in extremely safe bonds with abysmal returns.

If you want to live off money you'd have to invest on dividend stocks or day trades.

>>1074197


What about buying up all the berkshire hathaway stock I can get my hands on and basically letting Warren invest for me?

Like I can't even expect 0.25% interest on a million dollars locked in for 25 years?

I am looking to make $5,000 a month on interest, and basically do as less management of it as possible, like maybe 1/2 hour a day 5 days a week?

I am taking an intro course to global finance and international banking so I'm basically in the dark when it comes to this

>>1074201

Just to clarify though, I plan on learning more about finance, but I would be making my money from more creative avenues and then working until I have a big enough chunk to live off of

I wouldn't be opposed to being balls deep in investing and I have an uncle who's spent his life in a related field who can help

but I'd rather just make the chunk of change outside of finance then sit on my ass pursuing my interests

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>>1074201
>What about buying up all the berkshire hathaway stock I can get my hands on and basically letting Warren invest for me?
Your buying a stock, not giving warren money to invest on your behalf.
meaning your broker is intermediating a transaction from a previous share holder, either at your bid or his offer. the price of which is set by the general consensus of what the shares should be worth.


If you want 5k of interest, have 500k and look really hard for a bank that offers even 1% on a savings account.

Nothing is guaranteed.
Not even 0.25%

Theoretically though, if you had that much money a much better investment for lazy but safe investment is Index Funds.

You could average a couple of percentage points a year and only thing that would hurt that is if the entire market shits itself.

But if you want 5k a month you will need to be a millionaire and if you're already a millionaire just keep doing what you're doing to get more money. Investing is a way to enhance your income, and you have to be extremely skilled to make it your living alone.

>>1072731
TRTC

Get in while the gettin's good.

>>1074225

>Your buying a stock, not giving warren money to invest on your behalf.
meaning your broker is intermediating a transaction from a previous share holder, either at your bid or his offer. the price of which is set by the general consensus of what the shares should be worth.

I know I'm buying stock, but Warren is buying stock in companies as well. So basically if I have stock in Berkshire he's investing my money and handling my money?

>If you want 5k of interest, have 500k and look really hard for a bank that offers even 1% on a savings account.

I am going to my bank tomorrow to see what's offered in regards to interest...but is 1% interest something that's attainable? I mean if my bank takes my $500,000 and loans out $100,000 5 times at 4% interest for mortgages or some shit, they would be making $20,000 and paying me 1/4 of that being $5,000. Seems like a win-win? But I also know banks don't need my $500,000 so maybe a local credit union would be more friendly to such a deal where it actually matters to them?

I'm just trying to get a number sorted out so I can have a goal to work towards

>>1074228
>You could average a couple of percentage points a year and only thing that would hurt that is if the entire market shits itself.
But if that happens then w/e I have my money invested in would take a hit anyways right?

>Investing is a way to enhance your income, and you have to be extremely skilled to make it your living alone.
Is it so much skill/knowledge as it is knowing CEO's of companies and investors and "insider" information like X companies CEO has cancer and will resign and the companies stock will take a hit when he does?

>>1074242
>TRTC

well meme'd

>>1074247
>but Warren is buying stock in companies as well. So basically if I have stock in Berkshire he's investing my money and handling my money?
No, while the the companies assets are accounted for the current valuation it's not like a bank or fund which speculate or invest with your money, to grow the pool giving you minus their cut. So like I said your just buying the stock alone, that which is worth what someone was willing to sell for. it's only tied to the company.

neither BRK-A and BRK-B pay divideds any way. B is new commons, I don't know what that means. I didn't find any info on preferred stock.

>>1074258

>No, while the the companies assets are accounted for the current valuation it's not like a bank or fund which speculate or invest with your money, to grow the pool giving you minus their cut. So like I said your just buying the stock alone, that which is worth what someone was willing to sell for. it's only tied to the company.
>neither BRK-A and BRK-B pay divideds any way. B is new commons, I don't know what that means. I didn't find any info on preferred stock.

Yes, dividends is the word I was looking for

Shit....that sucks, so then I would basically be buying regular stock that would plummet once buffet showed any signs of weakness/health deterioration?

So would investing in a well established company that pays dividends be the best way to go if I can't get interest rates that I need at a bank?

>>1074247
>but is 1% interest something that's attainable? I mean if my bank takes my $500,000 and loans out $100,000 5 times at 4% interest for mortgages or some shit, they would be making $20,000 and paying me 1/4 of that being $5,000. Seems like a win-win?
any interest they promise in completely attainable and they are obligated to pay you that sum.
as for you other calculations, banks take on the risk of lending the money, it's also in their judgement who they lend to., they also have other obligations like paying shareholders and employees. and like >>1074270 said they face the risk of default.

>>1074265
Yes, everyone is pretty much herded into the stock market chasing some return on their money because interest rates have been mandated so low.

Is AMZN a good buy lads?

>>1074247

> I mean if my bank takes my $500,000 and loans out $100,000 5 times at 4% interest for mortgages or some shit, they would be making $20,000 and paying me 1/4 of that being $5,000. Seems like a win-win?
Banks don't make anywhere near 4% on your loan because a lot of people are stupid and don't pay back, or pay back too late. Also overhead for hiring employees and tellers and infrastructure,etc.

> But I also know banks don't need my $500,000 so maybe a local credit union would be more friendly to such a deal where it actually matters to them?
Banks will typically offer higher rates for larger accounts though I'm not sure if 500k will be enough. Credit union rate will probably be worse.

>But if that happens then w/e I have my money invested in would take a hit anyways right?
If you're clever and active you can make money even in a downturn. There are ways to bet against the market through shorts ( extremely dangerous) or bear ETFs ( as risky as any other stock).

>Is it so much skill/knowledge as it is knowing CEO's of companies and investors and "insider" information
You can certainly become better at assessing a company's potential for growth. Publicly traded companies post earnings report and such to allow you to really see what they're doing with money and whether they're sustainable. It's not just random gambling, although most kids on these threads do just that.

>>1074273
New economy stocks are basically meme stocks.

>>1074273
>lads
kill urself

>>1074283
I think Amazon is the legit stock with meme elements. It's legitimately a seriously huge and successful company, but it's still in a growth mindset with all their R&D and new services being developed. They could become profitable whenever they choose to but they keep pouring money into new services.

>>1074271
>any interest they promise in completely attainable and they are obligated to pay you that sum.
so I mean, clearly if they say it's not a fixed rate then I am at the mercy of w/e they move it around to, but if I agree with them to lock the money in for X amount of years at X rate and we both understand what I want out of the arrangement then I'll be good?

thanks by the way, I appreciate the info

>>1074278
>Banks don't make anywhere near 4% on your loan because a lot of people are stupid and don't pay back, or pay back too late. Also overhead for hiring employees and tellers and infrastructure,etc.
so as an example 3 of the 5 $100,000 mortgages will do into collections and the other 2 the money will be used to pay bills, employees, and the like then they're left with $1,000 a month and they're paying me $5,000 and that's clearly not something they would do?
>Banks will typically offer higher rates for larger accounts though I'm not sure if 500k will be enough. Credit union rate will probably be worse.
would the banks want me to lock that shit in for 20-50 years if they're offering better interest rates with a like buyout penalty if I wanted to withdraw money? (I know buyout penalty is the wrong term, can't think of anything else though)
>Publicly traded companies post earnings report and such to allow you to really see what they're doing with money and whether they're sustainable.
but clearly that would take a lot of time to do so, and then knowledge of business to see that X expenses on shipping or packaging aren't sustainable, or X expense is losing them money, like basically you need to know enough about business to see potential/that they're doing it right or that they're inefficient and will implode?

thanks for the answers

>>1074293
I know it's just peter schiff likes to have a go at them and twitter for only caring about revenue and not the bottom line.

I haven't personally looked into their books so I can't properly comment. not like it would mean something coming from someone on a general.

>>1074300
They won't lock you in, but they'll probably try and bait you into putting the money into a non-withdrawal CD with a higher interest rate. Think about it logically, the bank wants your money so they can use it, not so you can make interest.

I know this has probably been asked a lot here, too, but what are some picks that pay dividends? My plan is to put some money in dividend stocks and use what's left over for trading.

>>1074324
>but they'll probably try and bait you into putting the money into a non-withdrawal CD with a higher interest rate.

what's a CD? and isn't this what I want? or do you mean they'd have me leave it in the bank, and never be able to take out the monthly interest?

>Think about it logically, the bank wants your money so they can use it, not so you can make interest.
I know that, but I also know that I can bring a big enough amount of money that they're gonna have to give me some real talk and come to terms with the fact that I know they're going to give me interest rates far below what they get on various loans and I simply want to put the money away and live off the interest

>tfw fell for $GIG meme

>>1074357
It's been one day.

Anyone else looking at DB? It is -30% so far this year and there is talk of it missing a debt payment, but there's no way the German govt lets it go bust, they will get bailed out at some point and their stock will shoot up.

>>1074364
It goes downhill from here anon.

anyone else notice slow deposits?
it used to be instant for me, but it's been 3 days now since I put the deposit order and my money isn't withdrawn yet.

>>1074385
Yeah. My first two deposit were instant but my deposit now takes 4 days.

>>1074357
Kek, I almost did an after hours order on that stock last night. Put a watch on it instead because seemed to perfect. Depending on what it does tomorrow I might still buy a few.

>>1074357
Also, you fell for freight00's pump and dump.

>>1072731
>Buy $GIG they said
I BOUGHT 500 SHARES

Not a very good day for NETE.

What happened?

>>1074251
It's actually a solid buy. You will be kicking yourself for not getting in on the marijuana market during its infancy.

Or you could throw money at ASTI, be my guest.

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> my fucking face when I was going to buy KORS since yesterday but my deposit never fucking cleared
I might have to hire a real broker if this shit persists.

>>1074425
Rekt

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My TMST 7.79 short didn't go though. I guess I would have gotten filled if I left the order on seeing as it went to .80-81.
I just don't like leaving open orders while I'm preoccupied with other things.

>>1074425
It's still at a low for the year, could buy in and gain still.

>>1074351
>what's a CD? and isn't this what I want?
Certificate of deposit.. your money is locked for a specified amount of time earning you more interest than if it was in your savings account.
The catch is you get the money+interest after it matures. and what you said you wanted is to receive income to live off on.

>>1074439
>The catch is you get the money+interest after it matures. and what you said you wanted is to receive income to live off on.

ahh ok so clearly I am not looking forward to this, it's basically a retirement plan or something that's a payoff after a few decades....

thank you

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>>1074397
Did freight00 pump and dump the entire S&P today too? He must be a real jerk.

>>1074442
there are some long term CD but they also have short ones around one month or half a year.

>>1074444
Nice quads. Yeah, that guy is a jerk.

>>1074385
same here. i guess they need that interest on the deposit

>>1074452
One can't control the stock market

Why can't I find TRTC on robinhood?

>>1074446
well that might be something to look into, clearly lower interest rates though right?

thanks

>>1074444
>>1074452
is a pump and dump where you start the day off pumping money into a stock at say $17.00 and then dump the stock near the end of the day at $18.00 a share?

like you pump it up then dump it?

clearly you need to have a lot of volume/money to do this right?

>>1074483
Suh dude??

I got fucking clobbered today

>>1074512
I made 14 cents today

Anyone else holding SSN until tomorrow?

>should have sold at .75

>>1074399
me too brother time to take out a second mortgage

>>1074528
i made a cool $12 son. Mcdoubles on me tonight boys lets goooo

>>1074584
How many shares at what price

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>>1074557
What was your entry price and since when?

>>1074596

let me get this straight? this is a fucking oil and gas company that's like a dollar a share?

my amateur finance brain tells me this can only go up because of oil and gas...

is this correct or am I getting buzzworded?

>>1074623
>this can only go up because of oil and gas...
I'm sure during that long fade someone was saying that very same thing. Even if oil bounces, that doesn't mean one particular companies stock is gonna make it. I haven't done research but it might not even be that big or even all that functional.

To quote Jim, sold gold $200 from the top ,Rogers, "the market is going to go higher than I think it can and lower than I think it will."

>>1074596

.63, 2 weeks

>>1074512
Up $34; thanks gasx

>>1074499
Kind of.
You don't put your own money to pump it.
You buy low, generate hype unsuspecting chumps so they buy the worthless stock and raise its value, then sell it off. It's technically illegal to do this though.

>tfw finally off the ASTI train. still lost a couple hundred, but at least I got a little bounce before exiting.

>>1074836
ASTI is due to rise in about a week if it follows last years trend.

http://www.breitbart.com/tech/2016/02/02/former-yahoo-employee-sues-for-bias-against-men/
http://www.breitbart.com/california/2016/02/02/yahoo-to-cut-1700-workers-as-marissa-mayer-tries-to-save-her-own-job/

Things aren't looking good for Yahoo. Still kind of interested to see what a new CEO will do to their stock prices.

>my soul when still holding HEAR from $3.40
https://www.youtube.com/watch?v=z0i43J5jP6o

[spoiler]it's never going back up[/spoiler]

>>1074922
ASTI is due to be delisted in about a week fagtard, but go ahead and buy a ton of it.

>>1074836
Same here bro. Lost ~18% but saved 82% in all honesty.

>>1074938
yeah, the delisting really scared me off. Otherwise I would have held long term to see if they make a turnaround. Just too much share dilution going on. If they can post 3 quarterly profits in a row I am going to jump back on and hold it. I like the company and the products.

>>1074993
What are the products?

>>1074036
Facebook made a lot of money in Q4 of 2015 I believe. They are setting up for a really good future and did incredibly well despite bears roaming. They have like 1b ppl on instagram and Facebook each. People are excited about it.

>>1074922
LOL DUDE JUST STOP

>>1075140
Suh dude

How many of u keks lost money on ASTI? Seriously I thought after 50 fucking threads of losing your money and people telling you to not buy asti you would stop

Some made money.

>>1075144
I made $300. if I had waited one more week I would have made $1500

>application still under review after having to provide pictures of my photo ID and signed SSN
>tfw support hasnt replied to my emails in 2 weeks

Anyone else drop today? I'm down 3.11% after the market closed.

>>1075155
today was a negative day for pretty much everyone that wasn't 100% in GOOG

tfw gonna add at least a grand to my account by next week

>>1075155
I'm down a point and a half in the after market.
I'm placing orders to buy up all the TVIX I can first thing tomorrow.

>>1075152
Keep emailing them. Thats what i had to do to get my shit approved. I was approved within 4 days by just bitching after day 2.

>>1075163
What don't you NEET fags get about BUY LOW/SELL HIGH.

not BUY THE DAY AFTER IT JUMPED 13%

retards

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>>1075170
But I did buy low, and I'm still turning a profit, just not as much as I want.

Anyway, everything on my watchlist is down except bear stocks, I picked a few random earnings releases to read and they were all bad so I've got 80% confidence that TVIX will be flying tomorrow.

>>1075182
Come on, HBO. greed kills.

Reminder to let the admin know you are alive in this >>1072740 group

>>1072743
Market timing is key dude

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FUCK, FUCK, FUCK.

Why do oil shitters always fuck up my bear gains just because there's a POSSIBILITY that SOMETHING could MAYBE happen in "THE NEAR FUTURE" that would PROBABLY cause oil to go up????

Russia saying it wants to meet for the 30th time should not make DWTI crash 9%.

I'M SO GOD DAMN BOOTY BLASTED.

>>1075152
>tfw account got approved in 3 hours

Are you in Slovakia or something?

what's looking good today lads?

>>1075549
NETE

>>1075549
$GIG

>>1075563
>>1075565

Fuck you both

>>1075573
Ford, it's really fucking cheap right now.

>>1075573
Alright have fun being poor then

I know that NETE is just a meme

But is it bad if I actually believe in it?

>>1075573
I'd look out for GIG sometime before Feb 9th. That's when their earnings report goes public. Maybe not today but definitely keep an eye out for it over the next week.

Buy TXN. It's dirt cheap right now, has a buy consensus by many firms, had a strong earnings report, with a target of $55-$60 per share.

I'm buying for long term dividends, but you could join in for a guaranteed 10% gain at the bounce if you'd like.

>>1074929
>some anon tried to shill for them
>"we're g-getting into the medical industry"
>see it drop below $1

glad I waited

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> Everyone in this thread who bought $GIG today.

The market is pulling everything down.

>>1075614
I fell for the $gig meme too...

>>1075614
>>1075639

It's because we're not channeling our meme magic powers

>>1075643
>putting real money into memes.

>>1075639
>>1075643
>>1075647
I still say $GIG is a good company to invest into, but the stock was set for a downturn before increasing gradually again.

>>1075651
Just hope that its not another $hear
8D

I fell for the NETE meme

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>all of the stocks I want to buy are going down
>not sure if I should buy to get in or wait to see if they go down even more

What do I do?

>>1075657

Set limit buys at prices you're comfortable with

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What's your best performing stock lads?

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>>1075661
Wake me up inside

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>>1075643
If we used our power we could make fat green barz.

>>1074998
http://www.goenerplex.com/

their whole enerplex line of products.

>>1075158
>tfw it will only be worth about $500 the week after ):

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> sold UWTI @1.70 this morning after it starting tanking for a 3% loss
> looked at it again right now
JUST

>>1075581
nope, I think it actually has potential to turn a profit within the next year or two. This meme stock actually has the best chance if you look closely. They are seeing a ton of growth. If you buy it plan on going long. like 1-2 years min

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>>1075663
>>1075677
I CAN'T WAKE UP

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>>1075689
Ouch. SAAAVE MEEE

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>>1075661
bought it right before earnings report

You guys should check out CIG. ITs a Brazilian energy company, 7th largest economy in the world. pretty risky due to the Brazillian currency falling and a socialist government, but I think thatif Brazil gets its act together this stock could be worth 5+ a share. I am going long on this.

US Steel confirmed for uncucked?

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>>1075722
> 14.57 div/yield

$BAA LET'S GO

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>>1075581
>nete 4 lyfe yo

GIG my start climbing.

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>>1075811
No it's just a pump and dump meme, don't buy it guys. Stick with solid purchases like ASTI and NETE. PLEASE BUY MORE ASTI AND NETE

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>>1075811
i'd wait to see if it goes down, dont be the victim of a /biz/ pump and dump

>>1072731

Pro-tip: GAIN

The thing has been range bound for 5 years and has a 10-12% div yield that pays out monthly.

Stop being a degenerate gambler and load up on the next downturn ($6.90 is my next buy, with more set at $6.85, $6.80, ect).

Then, you sit and wait for 20% returns while enjoying free money in the form of nearly 1% divvy per month.

Oil being irrational as fuck. It's so overbought right now

>>1075934
Suh dude?

>>1075934
Lost 20 fucking percent today.
Fucking oil makes zero sense.
> retarded supply, zero demand, no concrete evidence anything is changing
> LET'S MAKE PRICES GO THROUGH THE ROOF!

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>>1073480
>>1073505
you son of a bitch

I should have let it go

>>1075942
Did you hold DWTI overnight? Me and my friend both sold because we were afraid of something like this happening

>>1075947
Actually, I had just bought this morning because I knew the reason it jumped was bullshit, so I was hoping to ride the wave down.

I mean Russia and Venezuela have been begging OPEC for a meeting for months now. OPEC still hasn't even acknowledged them.

I'm still holding btw, because I can't believe this shit will last. If my deposits from yesterday would clear I would buy another DWTI.

>>1075934
>>1075942
U.S. Oil and Gas drillers have a biannual credit review in April, and their assets have tanked 75% in value, which means they're gunna start laying people off and declaring bankruptcy. Syria knows this, the banks know this, and companies know this. Syria isn't gunna get serious about decreasing production until this happens.

Don't buy into oil until then, it will continue to drop with a couple of spikes, and then tank in April. Stock up then, and then hold until the presidency. I can't see any outcome of the presidential race where oil doesn't skyrocket in price.

Hello, what are some good sources to learn about investing? What are some techniques and where can I get the necessary details?

I TOLD YOU, I FUCKING TOLD YOU!!

GIG returned strong back at its previous close after a significant tank from shorters and scalpers.

But no GIG is a scam, GIG is pump and dump, go with my ASTI pumps

You missed your chance on the dip, you didn't listen and could have made at least a decent paycheck sized gain!

If you took the tip, good work, I'll see you on the moon!

>>1076052

GIG stronk.

If you anons didn't buy during today's dip I have no sympathy for you.

>>1076058
B-but, it's just a meme... r-right?

>>1076061

Memes don't have 52wk growth of 186%

>>1076052
nice you made a good call, most people here will never do that

>>1072731
Make new thread

New Thread
>>1076078
>>1076078
>>1076078
>>1076078
>>1076078
>>1076078

>>1075546
Nope, Los angeles.

>>1076217
Where at nigga?