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#9205 (permalink) |
is the baby faced assassin
Banned
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![]() Nope. Something i always wanted to get into.....I know someone (not all that well) that is rich from investing in the stock market. He retired at 48. I always wanted to ask him to help me to get started but i rarely see him.
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#9207 (permalink) | |
and a 1, and a 2, and a 1,2,3,4!
Senior Member
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Location: toronto
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I wouldn't want a life with so much stress |
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#9208 (permalink) | |
#NorthernUprising
6 Man Like Lou Will
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You can try it out on that site. Join a game, invest in some stocks and see how well (or not) you do. Back in my high school econ class, we had to do a competition with stocks. I chose to invest in Dollarama when it was worth $30. Had I done it with real money, I would have been 2.5 times richer- Dollarama is worth $70/share today. ![]() Funny thing is I remember advising my mom to invest in Dollarama when it was $35. She didn't take my advice. ![]() |
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#9209 (permalink) |
effin' ineffable
In the Paint
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Location: Toronto
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![]() It is gambling. I know a lot of people that thought Nortel was a totally safe investment. In the end the whole system is so terribly rigged and lacking in ethics that I wish I had not put money in mutual funds, even ethical mutual funds. The main thing I would stress would be needing to be prepared to take big losses, unless you work for Goldman Sachs or something.
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#9211 (permalink) |
effin' ineffable
In the Paint
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Location: Toronto
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![]() Which I have nothing against. Just never forget that it's rigged by the guys at the top, and that the surest of bets can tank in a hurry, researched well or not. It's amazing how easy it is to think only of gains instead of gains and losses, and possible big net losses. As long as you have money set aside that you can think of in those terms, then go for it. There are cool investment opportunities out there to be sure.
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#9213 (permalink) |
and a 1, and a 2, and a 1,2,3,4!
Senior Member
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![]() I guess it can work if you can set aside x amount of money that you are completely ok with parting with, similar to a casino trip. take that x amount, invest it, and if you gain, awesome. if you lose, it's no big deal. you can figure out some sort of formula on how much of gains to re-invest, and how much to cash in, that way if you do make gains you do get some reward off it, but if you do lose it, you're not taking an unexpected hit.
fuck, it sounds like fun ![]() |
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#9215 (permalink) | |
the next dictator of MLSE
fresh and clean
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remember you have to pay a transaction fee if you buy online or a commission if you use a stockbroker. also, look for companies that pay out dividends regularly. Best time to buy was a 4-6 months after the Lehman crash. thats when i bought my recent stocks (Coca Cola, Visa and Ford). I wish I had more money to invest. I could've retired at 35 ![]() ![]() Last edited by Windex; 05-23-2013 at 06:52 PM. |
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#9216 (permalink) | |
and a 1, and a 2, and a 1,2,3,4!
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#9218 (permalink) | |
Only likes Hockey with 'Fantasy' infront of it
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Sucks that we didn't, woulda been one hell of an investment. |
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#9220 (permalink) | |
the next dictator of MLSE
fresh and clean
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![]() Getting Ford at $1.99 was the best decision I made. Buying in the beginning of 2009 was great. A lot of undervalued companies were available. |
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