/biz/ - Business & Finance

Post your balance sheet.

>>782813
Don't have it at the ready but this is where i invested, it was 186 when i caught it actually but its basically the same thing

I started investing last year and made $1.15k so far. Not as good as you but it's pretty cool having multiple sources of income and seeing the account grow.

Can someone please help me get started? Im young and honestly have no idea what to do. all online sources say to hire a broker but you guys say online brokers like etrade. Is etrade good to start with?

If you are "proud" of it you're in the wrong place.
Apparently all you did was bet it all on red and got lucky

>>782830

Here's what I did: Just use scottrade, they have really good charting services, low commissions, and a decent mobile app. Sign up and fund your account. Then, buy an ETF or mutual fund as your first position so you don't have to worry about diversification. You can add individual company stock later. I recommend something like JKE (large cap ETF) to start with. Then build off of that. For example, if you believe Europe will recover soon, you can add IEV to your portfolio. If you believe the price of oil will increase, you can add XOM, CVX ect. As time goes on and you form a better understanding of the market, you can customize your portfolio to meet your investing goals.

I recommend reading the WSJ every day. I also consider investment outlooks released by investment banks (Goldman and RBC have these for free online) to be very good resources.

Continue studying through books and online resources. It's fun to make money through investing. One more thing: don't churn your account.

You're smart. You're good at investing. Keep it up, you have a knack for picking individual stocks. Just go by feel. You're better at this than everyone else. You're gonna make a ton of money!

>>782810
Wish I would have bought Tesla instead of Exxon. I'm down $500.

>>782884
I didn't claim any of that, just happy in a decision I made. You sound really salty though.

>buy $500 worth of shares of crumbs cupcakes at 3 cents
>few days later it goes to 50 cents intraday thanks to Marcus Lemonis
>sell at around 45 cents
>make around $6000 in a day.
Feelsgoodman.jpg

>>782810
>Nice returns there champ
>Care to explain in detail your investment strategy?
>What are the key fundamentals you look at when picking a stock?
>How do you manage risk in your portfolio?

>>782810 (OP)
>Nice returns there champ
>Care to explain in detail your investment strategy?
>What are the key fundamentals you look at when picking a stock?
>How do you manage risk in your portfolio?

I invested 90 k in oil in February. Vanguard energy fund, uco, uso, xom, pgn, hero, Hal, rig, Mro, lots,of other service providers. Basically full spectrum of oil exposure. Made 10k so far and was up even higher a month ago. But holding out long term think there's potential for some of these do go up 2+x their current value. We'll see!

>>782810

Where did a 21-year old get $20k?

I think it should be a requirement that when making these asinine threads, the OP is required to disclose which dead relative they acquired their seed capital from.

>>783001
I actually acquired 900k in real estate this year from a relative, I only had to pay the capital gains tax which was 168k but I took out a loan and they gave it to me even with zero work history because I had collateral, the 20k I had was saving up every dollar I got from doing odd jobs for family and saving up anything I got from holidays, even flip a few electronics.

I'm only focusing though on the money I invested that i saved myself, my inheritance wont ever be gambled with and iv got more coming my way in the next few years.

>>782853
>I recommend reading the WSJ every day
The what?

>>783001
I have $40k in investable assets and I'm 20, depends on how much you work/ save. I worked since grade 9

>>782994
Oil up 20 a barrel in a few months.
XOM down 5 a share.
Makes no sense.

>>782817
post your sheet or no one gives a fuck you lying shithead

>>782810
>made 7k
So you sold? Isn't there a huge fucking tax if you don't hold onto stocks for at least a year?

>>783099
It's only taxed at your marginal rate.

>>782894
>>782894

>Actually investing in Exxon
>Not investing in Israel Chemicals

What's the most effective way for a financially ignorant person to invest? Pay someone else to do it for you?

buy commonwealth bank at 25 or so.. went up to 95 in 2 years i believe. Pretty much tripled :D. First investment.

>>783197
Mutual or index funds. Some are more actively managed than others

>bought swks at 47.43$
>now 105.54
>mfw its just investopedia sim

>>782942
You put 20k at risk by shoving it into a single overpriced memestock. You can be happy with the outcome, but definitely not with the decision.

dumb luck general

>>783001
This. As with every "easy money" scheme the huge catch is that you already be rich. If I had 100k I could just go dutching at a gambling joint and make an easy 5k ant minimal risk.

>>783001

20k is not that much

assuming you make 15 bucks an hour and live off of 10k per year you save it in a year.

>>783349
assuming 0% taxes, sure.

Also, threads like this don't work. Everyone here is an asshole skeptic. Any sibilance of "success" is torn down. For instance, in a past thread like this, I tried to tell you fuckers that turned 2.8k into 50k over the course of 3 years trading nothing but penny stocks priced under .007. I wasn't, and am not, lyning. I was then ridiculed for a good 20 posts. You can see the same thing happen over at /fit/ sometimes. never change /biz/.

>>783196
I did just get an $81 dividend, so I can't complain that bad.

>>783004
why not just fucking put a down payment on an apartment building?

>>783360
>I tried to tell you fuckers that turned 2.8k into 50k over the course of 3 years trading nothing but penny stocks priced under .007
Tell me how and I give you a big, big kiss.

>>783360
>et an $81 dividend, so I can't complain that bad.

Where do you find and trade penny stocks? They're not listed on the big exchanges are they?

I have 20 google stocks and I make 10k a day

>>783067
Agree completely. That's part of what drove my investment. The whole oil crash seems like a scam they're all in on to me. Feels like they're trying to instill a false sense of security about the amount of oil to undercut environmental arguments. I mean until the last few months when was the last time you heard there was plenty of oil to go around. So hopefully I'll profit from these evil fucks!

>>783243
Hey it worked, and iv been reading about them for months, anyways you'll disagree regardless..

>>783099
I haven't sold them yet but if they dip under 220 at anytime il just sell them on the spot, I wanna see where this stock heads.

>>783070
I don't need to prove anything to you and I have nothing to prove..

>>783365
Because the real estate I inherited is an apartment building, it makes 30k a year after expenses and goes up in value about 10kyear flat. In 1-2 years when I have the managing a building gig down perfectly il branch out for more, in the meantime managing one apartment building and going to college is enough for me by far.

>>783429
>goes on the internet
>"let me brag about all my privilege!"

>>783429
Why are you holding a meme?
>iv been reading about them for months
shit gr8 b8 m8

>>783431
I only brought it up because the person asked why I wasn't investing in real estate, also there's nothing wrong with privilege, I started this thread just to hear about some stock or investing success stories and hear about some potential good ideas I haven't herd of yet.

>>783477
I know how that sounds but I have been doing a lot of research and i'm well aware that the stocks extremely inflated but it doesnt mean it wont keep growing with all the hype surrounding it

>For a business section you guys don't talk much business, I just want to talk to like minded individuals not babies jesus christ

>>783477
Obviously

so like, less than minimum wage. nice.

>>783061

Wall Street Journal

>>783429
>I haven't sold them yet

bro you haven't made a dime yet
no, I'm not trolling

>>783511
You're right, but I can take it out anytime.
Like I said I wanna see where it goes.

Holy shit I hate being poor.

>>783510
Thanks

>>783426
every storage place is filled with barrels of oil
every ship that has an american flag on it is filled with barrels of oil
every platform that can store oil has barrels of american oil
even mexico and canada are having to store america's oil
and we're now the number one producer of oil AND gas
and we just upgraded our exporting infrastructure in the gulf
have you even seen XOM's balance sheet and financials? they got fucked pretty hard by the decline in price, and there's more of a chance of a massive sell off (see previous words) and even if that doesn't happen, the fed hiking rates up will hurt XOM

>evil fucks

You do realize that people literally make the world go round?

>>783429
so what you're saying is you'd rather put a little money into the markets instead of using you're net worth to buy another apartment building, generating far more cash flow than some randomly thrown darts?

>managing your own building
>not hiring a management company that specializes in apartments

>>782810
When I was 18 my mom gave me 2 grand to invest however I wanted in the stock market cuz I told her knew how to play it. I invested over half of it in goog calls in 2013 when they were still around 800 a share and I made 4 times my money. With a bunch of other bad investments the grand total was around 4500. I got it up to 6 grand then lost most of it and im about 4100 right now

>>783431
>>>/tumblr/

>>783808
Thanks for drinking the kool aid and proving my point. Guess everyone was wrong about oil being a finite natural resource. And sorry to offend you're right Halliburton is I'm sure filled with lovely good decent people who care about the planet and future especially at the top.

>>782849
I'm so glad no one took this shit bait

>>783909
Like why are you so angry?