Investing General Discussion

Wingz

Wingz

Being Poor Sucks.
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Man DWAC is like crack.

Been swinging this all day. Buy low 80s and sell high 90s. Dipping in after hours. Picking some up for monday. Got 20 more shares in that nice after hours dip in the low 70s for Monday..Can't wait.
 
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Break

Break

Golden Baronet of the Realm
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Other than stashing 1000 pounds of rice and beans in a dry cold basement, what else can a family buy now to ensure there is prep for coming hyperinflation?
 
Sanrith Descartes

Sanrith Descartes

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Break said:
Other than stashing 1000 pounds of rice and beans in a dry cold basement, what else can a family buy now to ensure there is prep for coming hyperinflation?
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Big Phoenix

Big Phoenix

Pronouns: zie/zhem/zer
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Break said:
Other than stashing 1000 pounds of rice and beans in a dry cold basement, what else can a family buy now to ensure there is prep for coming hyperinflation?
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Make sure as much of your money is in things that are going to inflate.
 
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Wingz

Wingz

Being Poor Sucks.
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Break said:
Other than stashing 1000 pounds of rice and beans in a dry cold basement, what else can a family buy now to ensure there is prep for coming hyperinflation?
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Shoes, clothes, socks, things that you buy for use that you don't think about. I've literally got 4 sets of good shoes that fit me in my closet that I haven't worn yet. Bought them on sale 2 years ago (just before COVID) at a cheap discount since they were my size. They were 14 bucks a piece. Probably double or triple that now I'm sure. Get a couple extra things of soap / laundry detergent / cleaning product stuff. If you have a floor sweeper that needs bags or filters get a few things of those now.

My parents always tried to instill in me that if you find something you like that you use infrequently, you may as well buy 2 or 3 because the price is gonna go up and the goods don't go bad.
 
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Furry

Furry

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Wingz said:
Shoes, clothes, socks, things that you buy for use that you don't think about. I've literally got 4 sets of good shoes that fit me in my closet that I haven't worn yet. Bought them on sale 2 years ago (just before COVID) at a cheap discount since they were my size. They were 14 bucks a piece. Probably double or triple that now I'm sure. Get a couple extra things of soap / laundry detergent / cleaning product stuff. If you have a floor sweeper that needs bags or filters get a few things of those now.

My parents always tried to instill in me that if you find something you like that you use infrequently, you may as well buy 2 or 3 because the price is gonna go up and the goods don't go bad.
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Making lye is pretty easy, and with that you can turn minecraft npcs into soap. Learn what things you can make. I tend to stock up on massive amounts of things I both can't make and are cheap/probably useful and will never go bad. Trash bags for some reason are something that fell into that category. I have a lot of trash bags. Enough that I'm probably set well into retirement. For some reason, string and wire has fallen into this category. I keep steel wire because it's incredibly useful for both traps and fixing things when you can't do it right. I keep some extremely heavy test fishing line. Some strong ropes and like. It's all stuff that's cheap and you can get creative with it, plus I find myself going to raid my supplies every now and then when some need comes up.

I think it's just as important to know how to get creative with what you have as it is to have everything you might need. Cause there's no doubt that if shit really hits the fan, you'll probably have forgotten something important.
 
Sludig

Sludig

Potato del Grande
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If i get the urge to do some light trading playing around. What's the most noob friendly way to be buying and selling on a scale far below most of you?

Thought i remember vanguard having something? What about if I want to throw $1000 on bitcoin and see what it does in 2 years?
 
Fogel

Fogel

Mr. Poopybutthole
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Sludig said:
If i get the urge to do some light trading playing around. What's the most noob friendly way to be buying and selling on a scale far below most of you?

Thought i remember vanguard having something? What about if I want to throw $1000 on bitcoin and see what it does in 2 years?
Click to expand...

Vanguard is ass for actual trading, its only good for set it and forget it ETFs. Most of us would recommend Fidelity or TD Ameritrade for trading. Some would say Robinhood/Webull are easy for trading, but those two have iffy back grounds as far as shady behavior.
 
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Sanrith Descartes

Sanrith Descartes

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Break said:
I have some physical metals laying around in a safe, mostly silver though. A lot of people seem to think gold is a poor hedge, or not as good as some others at least.
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Do you ever see someone with a grill made out of silver?
 
Sanrith Descartes

Sanrith Descartes

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Furry said:
Making lye is pretty easy, and with that you can turn minecraft npcs into soap. Learn what things you can make. I tend to stock up on massive amounts of things I both can't make and are cheap/probably useful and will never go bad. Trash bags for some reason are something that fell into that category. I have a lot of trash bags. Enough that I'm probably set well into retirement. For some reason, string and wire has fallen into this category. I keep steel wire because it's incredibly useful for both traps and fixing things when you can't do it right. I keep some extremely heavy test fishing line. Some strong ropes and like. It's all stuff that's cheap and you can get creative with it, plus I find myself going to raid my supplies every now and then when some need comes up.

I think it's just as important to know how to get creative with what you have as it is to have everything you might need. Cause there's no doubt that if shit really hits the fan, you'll probably have forgotten something important.
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Forget all that crap. Own a firearm, know how to use it and have lots of ammo. Then you use it to go and take the stuff that other people make. Easy-peasy.
 
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Sanrith Descartes

Sanrith Descartes

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Sludig said:
If i get the urge to do some light trading playing around. What's the most noob friendly way to be buying and selling on a scale far below most of you?

Thought i remember vanguard having something? What about if I want to throw $1000 on bitcoin and see what it does in 2 years?
Click to expand...
Fidelity allows fractional trading on the app. This way the amount of capital you are investing doesn't matter. If Scrooge McDuck Blazin Blazin posts he is buying a zillion shares of XYZ stock, you can just mimic it and buy 0.002 shares.

Fractional trading is the great equalizer when combined with no trading fees.
 
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Hateyou

Hateyou

Not Great, Not Terrible
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Sludig said:
If i get the urge to do some light trading playing around. What's the most noob friendly way to be buying and selling on a scale far below most of you?

Thought i remember vanguard having something? What about if I want to throw $1000 on bitcoin and see what it does in 2 years?
Click to expand...
Fidelity for light trading. Coinbase for your Bitcoin experiment.
 
Zog

Zog

Blackwing Lair Raider
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Sludig said:
If i get the urge to do some light trading playing around. What's the most noob friendly way to be buying and selling on a scale far below most of you?

Thought i remember vanguard having something? What about if I want to throw $1000 on bitcoin and see what it does in 2 years?
Click to expand...
I could think of far better uses of $1000.

What's the point if you're just going to toss it in something? You might double it on bitcoin, you might make $40 in 2 years in an etf or you could lose 25% with a tech crash.

You would make far more selling cigarettes to random guys outside gas stations in a week.

If you want to actually learn to day trade thats a different story and you dont need any cash to do that, just paper trade(fake money) for free with pretty much any app.
 
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Sanrith Descartes

Sanrith Descartes

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Zog said:
I could think of far better uses of $1000.

What's the point if you're just going to toss it in something? You might double it on bitcoin, you might make $40 in 2 years in an etf or you could lose 25% with a tech crash.

You would make far more selling cigarettes to random guys outside gas stations in a week.

If you want to actually learn to day trade thats a different story and you dont need any cash to do that, just paper trade(fake money) for free with pretty much any app.
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I wouldn't have minded throwing 1k into MRNA, ZM, or SQ 2-years ago. Definitely make more than $40
 
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