/jp/ - Otaku Culture

[Anonymous No.]

Why aren't you getting money with the stock market?

[Anonymous No.]

Because it is more profitable and takes less time to learn how to count cards and play blackjack than it takes to even get a profit back on a similar amount of money and time invested in stocks.

[Anonymous No.]

I plan to do that but I need to learn how to.

[Anonymous No.]

>>9840122
I'm losing money with the stock market.

[Anonymous No.]

I used to cruise cardrooms nearly every night and play Hold 'em for hours to make money. Though occasionally I'd lose some so I'd balance out my profit and my loses. If I need extra, I leech off my parents like the disgusting leech I am.

[Anonymous No.]

>>9840132
>losing money with the stock market.
How? It's been on a low volitality bull run since July.

[Anonymous No.]

I'm too dumb

[Anonymous No.]

http://en.wikipedia.org/wiki/Random_walk_hypothesis

because the people who make money on the stock market are only doing so by chance

go to wallstreet some day and ask some people trading there if they do it for a living, theres maybe 2 or 3 traders on the entire floor who doso.

[Anonymous No.]

>>9840150
You're assuming there's only one stock market in the whole world.

[Anonymous No.]

I hear so many comments about the stock market that I don't know who to believe.

Some people seem to believe that the real profit is in buying low and selling high, while others claim that the market forces makes it literally 100% impossible to do this unless you're dealing with illegal information.

Others claim that investing in steadily growing businesses and sticking with them is the only way, which makes more sense to me, since it's not a zero-sum game. But even with that, people claim that you need to be really fucking good to even stand a chance at competing with the index fund, and that beating it reliably long-term is essentially impossible.

And then there's people who claim it's scientifically proven that hiring a monkey in a business suit to manage your stocks is as reliable as, if not more reliable than, all other options.

It's all so confusing. I just wanna be like Warren Buffet, but every time I read about stocks, my dreams are crushed.

[Anonymous No.]

It's too much work.
Leeching off the government is easier.

[Anonymous No.]

BITCOINS

[Anonymous No.]

I'm not allowed to invest in stock because of my bennies.

[Anonymous No.]

I finally broke even on my forex practice account after two months. When I double my balance, I'll try for real.

[Anonymous No.]

>>9840175
>Germany has been in a super rally this year
>Greece has had a huge rally
>India has had a huge rally untill the flash crash last week
>South Korea is up
>American markets are up
>Hong Kong is up
>Mexico has had a HUGE rally.
>Australia is up
>Signapore is up

The only major equity market that isn't up is the Shanghai Stock Exchange, and non mainlanders can't trade that.

The Italian, Spanish, and French exchanges are down, so unless you trade in those equities, you suck at trading and investing and should stop.
If you're a trader,

[Anonymous No.]

>>9840177
You know, the actual purpose of the stock market is NOT to make money through buying low and selling at high, albeit there are many people that try to do so. Some made a huge gain, many more just lost money.

The point of the stock market is that you exchange money for a "piece" of the company that issued the stocks, which means that at the end of the year whatever profit they made they need to give you a quota proportional to the stock you bought.

So you can technically just buy the stocks and then do absolutely nothing and wait for the money to roll in... except you need to invest a big capital to begin with to have a decent income.

This is still better than stashing your money and let it rot, which is why so many people invest in the stock market.

The gamblers are just a minority and they aren't different than poker players.

[Anonymous No.]

I invest in mortgage derivatives and credit default swaps.

[Anonymous No.]

Brazil's interest rate on 10 year bonds in 10%. Good idea?

[Anonymous No.]

>>9840212
It's easy to say so after. You never know which market and stock will suck beforehand.

[Anonymous No.]

I don't understand finance. Thinking about real world problems like money and investing makes me depressed.

[Anonymous No.]

>>9840186

[Anonymous No.]

Haven't you seen that episode of Dawson's Creek when Pacey loses all of Dawson's hard earned cash to the stock market? Pacey was a complete wreck and Dawson, Dawson wept like a baby. Why would I do that to myself?

[Anonymous No.]

>>9840216
The Strong form of EMH only works for Mega and large caps that the Street follows, and even then it's only works when there's no panic selling like what happened in 2008 and 1987. There are tons of inefficiencies in the market that can be exploited if people take the time to find them.

>>9840237
Stocks and the market has been rallying for the last three years. The majority of stocks went up till late 2011 and then went back up in early 2012, had a minor downturn for a few months and then went back up again. The majority of stocks went up. If you were Long ANYTHING you'd have a more than 50% shot of making money.

And if you were afarid of it you could've hedged your bet by buying a put, of a covered call.

[Anonymous No.]

If I had the money I'd invest in the things I have interest in. Sadly, I don't have the money.

[Anonymous No.]

>>9840326
You only need the minimum a broker requires to invest/trade. Ameritrade has a $0 minimum so all you need to do is just put enough money into an account for their commission and your trade.

Don't expect to get IMMA gonna be rich money, and do your homework before you invest in anything and you'd be fine.

[Anonymous No.]

>>9840128

neat story: my eccentric millionaire uncle amassed part of his fortune counting cards in blackjack

[Anonymous No.]

My parents get a check from BP every few months, or maybe it's every year. Last time it was $0.02, and this time it was $0.98.

[tripstopissyouoff !Inoac9aXuY No.]

Because its a fucking casino you can skew slightly in your favor with flawed theoretical knowledge.

It also takes a long time to research shit, hedge and make "smarter" lottery bets.

All markets are extremely volitle and being manipulated through Quantitative Easing, the plunge protection team, fiscal manipulation, etc.

Bonds are fucked, so is equity and they are trying to reblow up the real estate bubble.

Interest rates are artificially low and there is political unrest and economic malaise in every corner of the globe.

You need $100,000+ to even start getting positions and not get wiped out on trading fees.

The best you can realistically hope for is breaking indexes by 2-7% if you are lucky. While risking all your cash and your stress levels / time.

The workforce is greying, the newer generation is completely fucking awkward and lacks 100% balls to the wall WORK TILL YOU DROP attitude and seeks to balance work-life. Massive welfare state and entitlements. Boomers will be pulling their retirement funds out of the markets and collapsing them. First boomer was eligible to retire in January of this year... its going to get worse until 2031 or so.

Its better to flip fucking burgers. Day trading is retarded and the only people making money down in jewville are the people managing billions of dollars, banks, and people in the inner circles.

better question is why you would even have any pieces in the game to begin with... get on the dole, suck dick, work a night shift part time and move to a low cost of living area.

New American dream = Bachelor pad, tons of free time, less than 25 hrs/week work, more than enough to pay bills and live a modest life with a computer and pirated games/music/animu/etc and a small emergency fund.

no more house thats too big for you, 2 cars, a female hysteric wife, 3 kids, 40+hr/week job, tons of debt.

[Anonymous No.]

>>9840122

But I already am. I get stock grants from my employer once a year that vest over time. I also put a percentage of my paychecks into the stock purchase program, which I then sell every six months for a nice healthy bonus. I estimate I make around $50,000 per year in stocks alone.

Wish I could make around 150k/yr without working at all though... I'm tired of it.