Have you ever played the stock market?
I haven't I always thought it was for rich bastards 🤭
This post may contain Adult content.
Jimmy2016 · 61-69, M
🤔.........There many trading platforms that your can buy and still stock online. Just need to create an account and stick some money in it. Then some Due Diligence on companies before you buy their stock. Trading Platforms also let you use simulated money accounts to buy stock to follow the stock and to learn strategy on your investment plan.
It's easy to lose your money, so you need to know how to invest into the stock market and perform Due Diligence when buying stock.
Example, I bought some stock into a company that has been around since the 1980's. The company had been doing good and was bought out a couple of times since the 1980's. So in 2021, I invested and bought 1,000 shares of stock at a vary good price. Then in 2022 the company filed for bankruptcy and the stock crashed down to $.02 a share. So, I thought, now I have to hold onto the stock until the company restructures and comes out of bankruptcy........Well the company made some deals in court to payoff the creditors, penny's on the dollar, of course. Also the company worked it out that they would pull all of the outstanding stock out of the market and basically cancel out all the shares. So POOF, lost all my share's and then the shares just disappeared from my trading platform........So I lost all my money on that investment............
It's easy to lose your money, so you need to know how to invest into the stock market and perform Due Diligence when buying stock.
Example, I bought some stock into a company that has been around since the 1980's. The company had been doing good and was bought out a couple of times since the 1980's. So in 2021, I invested and bought 1,000 shares of stock at a vary good price. Then in 2022 the company filed for bankruptcy and the stock crashed down to $.02 a share. So, I thought, now I have to hold onto the stock until the company restructures and comes out of bankruptcy........Well the company made some deals in court to payoff the creditors, penny's on the dollar, of course. Also the company worked it out that they would pull all of the outstanding stock out of the market and basically cancel out all the shares. So POOF, lost all my share's and then the shares just disappeared from my trading platform........So I lost all my money on that investment............
JovialMoose · 51-55, M
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Ynotisay · M
@Lilymoon Crypto is a bit of a different animal. A lot of people invest in the short term, and get in and out fast, (like day by day) and others buy and hold for the long term. The bet there is that crypto will grow and become more integrated. And you REALLY need to know about the project you're investing in. Very risky otherwise because it'll all still so new. But the returns can be crazy. The one I'm in has jumped 30% in a week. But that's coming after 'crypto winter' where it dropped about 75%. You very rarely see volatility like that in the traditional stock market. If I were new to investing I'll look at the stock market for security but toss it a little in to crypto as a longshot bet.
bowman81 · M
I never "played" the stock market but I have owned a number of stocks.
Today my investments are handled by financial advisors or mutual funds. The reason for investing in stocks is the yield. While banks and credit unions were paying less then 1% annually the US stock market was yielding in excess of 9%. With the higher risk, comes higher potential earnings.
Stocks are not for money that you may need on short notice. They should be part of a balanced savings/investment program after you have established an adequate rainy day/emergency fund.
It is one of the ways those bastards become rich. 😉
Today my investments are handled by financial advisors or mutual funds. The reason for investing in stocks is the yield. While banks and credit unions were paying less then 1% annually the US stock market was yielding in excess of 9%. With the higher risk, comes higher potential earnings.
Stocks are not for money that you may need on short notice. They should be part of a balanced savings/investment program after you have established an adequate rainy day/emergency fund.
It is one of the ways those bastards become rich. 😉
BizSuitStacy · M
Viper · M
In the USA, most retirements are connected to it.
Which was their brilliant way 9f making the stock market important to everyone, and so when they need to be bailed out so do the commoners.
It's a way to please the rich while make it seem like you're caring for the commoner.
Which was their brilliant way 9f making the stock market important to everyone, and so when they need to be bailed out so do the commoners.
It's a way to please the rich while make it seem like you're caring for the commoner.
Viper · M
@Lilymoon Though, as long as the markets are going up more than 3% per year, then it's actually can be a good thing... though not half as good as the old retirement systems
Problem is whenever the market goes down over a long period of time, those retirements can potentially can seriously hurt.
Problem is whenever the market goes down over a long period of time, those retirements can potentially can seriously hurt.
Nitedoc · 51-55, M
@Lilymoon I dabbled in Crypto when it first came out. I'm convinced that the crypto exchanges where literally stealing people's investments to expand their business. They seemed to be VERY close to running a Ponzi scheme. Now, with all these exchanges crashing and their owners going to prison, I'm pretty sure I was right about them.
Ynotisay · M
@Justgreg Probably wise. It's all still so new and the prices weren't reflecting value. Perception was driving the train. A lot of projects failed because they didn't have anything to offer. But others kept pushing. It's sort of like the early days of the internet. The cream is rising to the top as applications continue to grow. If I was a kid I wouldn't hesitate. I don't think it's going away and in 40 years that could pay off.
pancakeslam · 46-50, M
@eli1601 how did that go?
Lilymoon · F
@Onestarlitnight wow
jackjones68 · M
JohnnyNoir · 56-60, M
@jackjones68 don’t hold out on us
jackjones68 · M
@JohnnyNoir you fancy cludo
i reckon lead pipe in the library for you
i reckon lead pipe in the library for you
deepblacknothingness · 56-60, M
JohnnyNoir · 56-60, M
Bowenw · 61-69, M
Not played, but invested via a good broker working for a reputable firm. If you are interested speak to friends/family for recommendations.
RedBaron · M
You don’t play. You invest in it.
This message was deleted by its author.
Pfuzylogic · M
Learned the lowdown of Rupert Murdoch after purchasing Warner Communications in 1981. He greenmailed their Board and I took a loss. Don’t like that thief.
My other stocks did great.
EF Hutton apologized to me because I was going to buy Sony before the Trinitron. They pushed me onto RCA. 🤣
My other stocks did great.
EF Hutton apologized to me because I was going to buy Sony before the Trinitron. They pushed me onto RCA. 🤣
pancakeslam · 46-50, M
Lilymoon · F
@pancakeslam seriously?
beermeplease · M