Your investments

[Shall Skill]

There doesnt really seem to be anyone else talking about IRL finances in this section, so I thought it'd be appropriate to ask this here:

How do you get into stocks exactly? I recently turned 18 a few months ago, in my last year in high school, and got about ~10K saved up and want to get as many financial revenue streams as possible. I'm not looking for a stock broker or something like that (at least not on here), but for someone to point me in the right direction since it seems a lot of you have gotten into this stuff already.

Honestly with 10k, write out of the money calls/puts and collect premiums. Or day trade the VIX

(or if you aren't going to follow the market, set up a diverse portfolio. Super's your guy for that route)

 

by process your orders I meant connect you with ECNs, MMs.. but I see your point.
btw I like thinkorswim. It's an awesome platform if you aren't looking for costly high-end retail platforms, but unfortunately I can't open TDA account where I live.

 

[Shall Skill]

Market opened up but then stalled. Looked like we were going down. Took a chance

Longed UVXY 21.32

 

[Shall Skill]

exited 22.49

 

exited 22.49

damn! nice trade congratulations

 

[Superfluous]

Honestly with 10k, write out of the money calls/puts and collect premiums. Or day trade the VIX

(or if you aren't going to follow the market, set up a diverse portfolio. Super's your guy for that route)

only if you like losing money

 

I sold some tesla stocks a few days back. I still believe in them long term but the money can be used more efficiently by me in the upcoming months than sitting in stocks. Life equity decisions (spending some money to improve my own life now rather than long term).

 

[Shall Skill]

only if you like losing money

hey well at least he'll have a diversified portfolio haha

I sold some tesla stocks a few days back. I still believe in them long term but the money can be used more efficiently by me in the upcoming months than sitting in stocks. Life equity decisions (spending some money to improve my own life now rather than long term).

When're you going to let me pay you back?

 

hey well at least he'll have a diversified portfolio haha



When're you going to let me pay you back?

Shoot me a pm we can work something out haha it slipped my mind with school being so demanding.

Also I'm starting full time employment making a decent salary for the next 12 months in addition to running my own small business. I think I'll be saving all of the income after taxes and living expenses from my career for the future. I plan on filling up the remaining room in my TFSA's (tax free savings accounts). I may put the remainder in RRSP's which would yield a tax break now and I'll be taxed on it later but that's the part I'm not sure on. Would it another option be better? Any suggestions guys.

 

[Arcus Isidar]

Shoot me a pm we can work something out haha it slipped my mind with school being so demanding.

Also I'm starting full time employment making a decent salary for the next 12 months in addition to running my own small business. I think I'll be saving all of the income after taxes and living expenses from my career for the future. I plan on filling up the remaining room in my TFSA's (tax free savings accounts). I may put the remainder in RRSP's which would yield a tax break now and I'll be taxed on it later but that's the part I'm not sure on. Would it another option be better? Any suggestions guys.

Max out TFSA first, then max out RRSP contribution limit, then non registered investments if you still have savings available to invest.

 

[Superfluous]

hey well at least he'll have a diversified portfolio haha

only if you consider different shades of red "diversified"

 

only if you consider different shades of red "diversified"

Diversified: distributed*among*or*producing*severaltypes;*varied

Yep still counts.

 

[Superfluous]

i just checked and i've only lost $66 since the last time i checked things. mfw i thought i was down like 15% still

 

[esheNZ]

Anyone get into forex? I've heard its a tad easier than the sharemarket but have also heard some not so good things about it..

 

[Superfluous]

Anyone get into forex? I've heard its a tad easier than the sharemarket but have also heard some not so good things about it..

i think bus or someone else in the skype chat is into forex. or maybe that's precious metals idr. but not sure why it would be "easier" than stocks, maybe easier in the sense that currencies are relatively less volatile?

 

[Shall Skill]

Anyone get into forex? I've heard its a tad easier than the sharemarket but have also heard some not so good things about it..

I'm not "into" it but I understand how it works. It's definitely not easier than the stockmarket. It's global, so instead of knowing how your own economy is doing, you have to understand how every market is doing in a global understanding. It's also always open, and forex traders make good money but have almost no life and do a lot of cocaine

 

[Punjabi3]

Do you guys keep a skype chat? I invest a lot more in real estate but would like to learn more about investing in other traditional assets because I personally feel I'm terrible at it...

I recently sold my property and have some cash to play around with until August/ September, maybe even longer due to uncontrollable circumstances with an upcoming investment.

 

[Shall Skill]

Yeah punjabi we do but I'm currently completely liquidized and out of the market with finals around the corner and the market being fucking weird right now, I'm not okay with leaving my money in. What I did do, however, with intel the other day was write covered calls ATM at 31. Allowed me to drive my average price down for the shares

 

[Shadowfire]

Hey guys, this is something I've always been mildly interested in but I don't know very much about it. I used to "trade" on the price of horses pre-race by simply following the money.

Would you guys be able to advise me on how to go about setting up a diverse portfolio as recommended to another beginner?

Many thanks.

 

How do you guys feel about investing in the Vanguard ETF's - VBK and VO, and also the investment group BX? I think they are good investments but would also like to hear from others.