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Stocks

SVeezy said:
As long as you only gamble with what you can afford to lose


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For sure. This was nothing more than play money. I think I’m down $700 total. I don’t expect BB to go to zero. And I’m ok owning parts of it.

I’ve still got a lot to learn and my most important lesson is how to properly look at healthy balance sheets. Still learning slowly. But my VGRO has done well over the year and my Tangerine fund has done very well so I’m happy.
 
mimico_polak said:
For sure. This was nothing more than play money. I think I’m down $700 total. I don’t expect BB to go to zero. And I’m ok owning parts of it.

I’ve still got a lot to learn and my most important lesson is how to properly look at healthy balance sheets. Still learning slowly. But my VGRO has done well over the year and my Tangerine fund has done very well so I’m happy.
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I've learned from wiser men than me that its better to bet the house than any particular game.
 
bigpoppa said:
I've learned from wiser men than me that its better to bet the house than any particular game.
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I normally do this too. Index invest has been safe for 10 years for me.
 
The terms used there are odd. Wasn't sure why they call each other "retards" but that's just "traders". And what's with "autists"? Is that another rearrange of the letters?
 
LBV said:
The terms used there are odd. Wasn't sure why they call each other "retards" but that's just "traders". And what's with "autists"? Is that another rearrange of the letters?
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Autistic children are known for screaming which sounds like:

A lot of nerds who live online refer to themselves and others as retarded or autistic when making knowing stupid high risk choices. Some of them even make the reee noise lol (I don't myself, but have admittedly laughed at conversations where some do.)

It's odd explaining this lol we really do act like idiots.
 
油井緋色 said:
Autistic children are known for screaming which sounds like:

A lot of nerds who live online refer to themselves and others as retarded or autistic when making knowing stupid high risk choices. Some of them even make the reee noise lol (I don't myself, but have admittedly laughed at conversations where some do.)

It's odd explaining this lol we really do act like idiots.
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I have never cried and laughed at the same time:

https://twitter.com/x/status/1355845391900618752
 
Are there any online advisers worth looking into? Popular ones?
 
Allistonfjr said:
Are there any online advisers worth looking into? Popular ones?
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wsb? I kid. Sort of. Will they be able to keep using the hoard to stick it to the man and make millionaires? Maybe, maybe not. It can't work forever. I don't even know if it can work more than once.

Motley Fool used to be somewhat interesting but it has devolved into something entirely useless imo.

In general I pick stocks I am interested in (known companies that are leaders in their fields, GTAM stock picks or whatever) and then start with itrade to look at financials, news and a collection of forecasts. If I still want more info, I use the internet at large to try to see what the thoughts are (of the people that are talking publicly).

Honestly, picking individual stocks has worked for me, but it is a fools game. The vast majority of the people, the vast majority of the time should just spread their money around a few index funds. I do that with the RESP, the oldest kid is 5 and it is up 87% (XQQ - Nasdaq 100 index, canadian $ hedged).
 
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Allistonfjr said:
Are there any online advisers worth looking into? Popular ones?
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After a few years of trading on my own ... I would have to say, "no".

By the time the Wall Street adviser crowd officially says "buy", it means you should have bought it a couple of months ago, and by the time they officially say "sell", you had better already be out of it. That's ... not useful.

I was doing okay until the covid19 crash, at which point I sold a bunch of stuff that I didn't see much hope for, but I waited too long before doing so. I've mostly recovered, but I still haven't bought back into most of what I had before. No more restaurants, nothing more tied to airlines, unloaded most of the small caps.

I still have the same views. Buy mostly shares in big companies that pay a reasonable dividend and which are extremely unlikely to go bankrupt any time soon. It's okay to have some play money, but don't bet the farm on it.

What I did wrong in the covid19 crash that I shouldn't have ... was sell some of the holdings I had in Magna. It has come roaring back beyond previous highs. I should have just hung onto the whole lot of it. Seems that people are still buying cars.
 
What are good resources for learning how to read the financials @Brian P ? That’s my biggest issue. Actually know wtf I’m reading or looking for when it comes to understanding value.
 
mimico_polak said:
What are good resources for learning how to read the financials @Brian P ? That’s my biggest issue. Actually know wtf I’m reading or looking for when it comes to understanding value.
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The poverty version of financial analysis is check out the competition. If the one you want to invest in is substantially different than the competition, figure out why and whether that is important. Honestly, I can't remember all the ratios that make a "good" investment as the numbers mean very little to me (eg, is a quick ratio of 0.8 ok, or should I require 1.3 to invest?). If the ratios for company A are similar to the competition but I believe they are more worthy of my money due to xxxxx, they get my money. If their ratios suck compared to the competition, it is really important to figure out if that matters (maybe they just did a huge acquisition that you think will work out well in the long term but makes their current financials look bad).
 
I don't know. I've gleaned things from watching TV shows like Market Call on BNN-Bloomberg. TD's trading platform has research pages that you can bring up. Even if you don't subscribe to the same views as the guests on Market Call, you can open up the online research page to bring up the numbers on the company that they were discussing, and learn to look for what they're looking for.

Number one thing; Don't invest in smoke and mirrors. Never buy shares in any company in which you don't understand their business model. You should be able to point to things that represent what you invest in: I just got a utility bill from that company - good thing their dividends pay me more than what that bill is for. That restaurant chain over there. See the name on that airplane? That airline. That bank. See the roof and quarter-panels on that car? The company that made those. See that bus? Them.
 
I remember a guy telling me something along the lines of: if you don’t know what stocks to pick, go through your house and see what you use. Toothpaste, razors, detergents, appliances....those are the things that you use every day and trust. The stocks should be from those companies that you use daily. If anything, you’re keeping them going by using their products.
 
Not sure of the source as I have never heard of the website before but the story seems plausible. Bet big, win big.


www.celebritynetworth.com

Meet Ryan Cohen, The Guy Who Bought 9 Million Shares Of GameStop When The Stock Was At $8…

Stop me if you've heard this before: GameStop's stock price is surging in ways that no Wall Street expert can explain or understand. If you think t...
www.celebritynetworth.com www.celebritynetworth.com

He spent an average of $8 to acquire his stake which constitutes roughly 10% of the company. In total Ryan spent $76 million piecing together his 9 million shares.

At $483, Ryan's 9 million shares were worth $4.3 billion.

GameStop ended Thursday at $193. At that level, Ryan's stake is worth $1.74 billion.
 
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