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/biz/ - Business & Finance

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57389387 No.57389387 [Reply] [Original]

How many of you have actually read this book? And what other suggestions do you have?

I lost $600+ in 2 days so I'm trying to reorganize myself. I took all my crypto out except for some pennies invested in jeetcoins not even worth taking out due to the fees.

I'm not making another decision until I have gained some new applicable knowledge.

>> No.57389588

>>57389387
>lost $600

What are you a poorfag? Come back once you've lost 100k+ like an og bizraeli

>> No.57389613

>>57389387
>what other suggestions do you have?
7 and what other suggestions?

>> No.57389617

>>57389387
if this is the intelligent investor, i highly recommend you kill yourself because you are a hopeless midwit

>> No.57389632

>>57389588
I'll get to that number in a month if I keep going like this.

>>57389617
It's the first book /biz/ told me about. What should I read then? Do I keep going learning by losing?

>> No.57389633

what percentage of your portfolio was the $600?

>> No.57389642

>>57389633
I put $1k to start playing with. So 60%

>> No.57389689

>>57389642
well the greater the potential reward, the greater the risk. if you want less risk then be willing to accept less potential reward. its pretty much a sliding scale where risk and reward are directly proportional and priced in. the only way you can offset risk/reward and get more reward for less risk is by having some insider knowledge or the chance to get in early on something that seems obvious. which seems difficult to pull off confidently.

i am not qualified to be giving financial advice, just as a disclaimer, i'm actually a poorfag. i would feel bad not mentioning this. clearly i'm in no position to offer any advice just saying

>> No.57389716

>>57389387
>I lost $600+ in 2 days so I'm trying to reorganize myself.
I lost like 30k in two weeks and felt almost nothing.
>What should I read then?
Charts

>> No.57389720

>>57389632
ill summarize the intelligent investor for you in one sentence.

its (basically) hopeless to beat the market

there youre welcome. that boomer fuck grew up in an era where 90% of people were completely ignorant of the stock market and anything like that, so ofc he cleaned up. today everyone knows everything, and they know it better than you.

dont bother with books except for random entertainment like random walk down wallstreet or the big short. today, any advantage or alpha only comes from 1. getting in exclusive circles 2. constantly scouring forums and twitter for latest info 3. getting years of exp under your belt until you develop a sixth sense of how to win

>> No.57389727

>>57389720
literally just sell at a profit holy fuck

>> No.57389728

>>57389720
retard

>> No.57389748

>>57389728
im 7 figs wt about u?

>> No.57389992

>I'm not making another decision until I have gained some new applicable knowledge.
You are supposed to let your money sit in whatever you have invested for more than a few hours.

>> No.57390135

>>57389387
I started reading it then within first few paragraphs of the foreword someone said (Buffet, I think) that although it had to be rewritten few times already, basic concepts still holds to this day.
Immediately I put it down and picked "Technical Analysis for Dummies" instead which in retrospect turned out to be much more insightful than what any of these old retards could have ever sperg out on paper.
Each time someone asks me personally about investing I send them Peter Lynch's speech on jewtube: https://www.youtube.com/watch?v=myu4Nv0pt0U
As for trading, forget it unless you go deep into quant analysis. None of the ordinary indicators work long term and consistently, I can count at least 5 research papers testing RSI / StochRSI on different markets and time frames and none perform better than simple buy & hold.

>> No.57390310

>>57390135
>written by Bobo Rockefeller
it's a short book so I'll give this one a shot thank you anon

>> No.57390342
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57390342

>>57389387
>Lost $600+ in 2 days

Thanks for playing, retard. See ya on Blocklords

>> No.57390399

>>57389387
stop being a retard and go all in link already.

>> No.57390472

Nigger, stop being stupid. You can't invest your way to wealth. The only reason Warren Buffet is famous is because he started investing at 14, with a million dollars inflation adjusted, compounding for 50 years.
The only thing you need to do is buy a well diversified index fund like $VWCE and Bitcoin. The ratio depends on your risk tolerance but if you're under 40, 50-50 will do.

>> No.57391021
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57391021

>>57389387
It depends, do you own a party hat? crucial question

>> No.57391040

>>57391021
I sold 2 years ago for $2k

>> No.57391654

>>57389588
I’m an OG bizraeli with less than $5k to my name.

>> No.57391747

>>57389387
>reading books about investing

Absolute wagie cuck move. Bogleheads and be done.