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ETF/stocks discussion anyone?

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cariadon   Estonia. Aug 29 2013 02:38. Posts 4019


  On August 28 2013 20:25 Gnarly wrote:
Show nested quote +



The thing about those guys writing the books... Why would they write them? To help out us plebians? Naw, cause that would hurt them and how they make money. Is it because they want to write a book for fun? Naw, cause writing a finance based book isn't fun. It's for money, because they can't make it as a trader.

I also advise using play money only for learning how to get in and out of trades, what it looks like to have to pay commission, but never to actually try to test out strategies and whatnot. The main reason is because the playmoney isn't being accounted for in real life, and while a small little retail account isn't much in the ocean of liquidity, one little account can make a retail brokerage have to dump their risk, causing the tides to change.


Writing books can be win-win, in stocks unlike poker there is the possibility that everyone gains from it.
I scrolled up and saw you make some pretty wild suggestions. If you had any idea about who Ray Dalio was, you wouldn't make ignorant comments like that. His net worth is $12.5 billion. Link B.Graham wrote the Intelligent Investor and W.Buffett attended his class in university. Katsenelson teaches in the University of Colorado at Denver graduate school of business.


Gnarly   United States. Aug 29 2013 09:14. Posts 1723

I've read almost every "established" trading book there is. It's like when Buffet told the world he's buying up gold, even though China and India are buying up gold in record amounts, and Germany is asking for it's gold back, and there's supposed to be ALL this demand for gold, yet it drops hundreds of points. Buffet isn't fucking stupid, he was short gold from the top, just like he was short the Pound back when he made his billion dollar trade.

Diversify or fossilize! 

cariadon   Estonia. Aug 29 2013 15:32. Posts 4019

Then why not read the books and do the exact opposite? Conspiracy theories everywhere.


YoMeR   United States. Aug 29 2013 17:07. Posts 12435

Wow~ lots of clashing opinions here. This is exactly why it's hard to get real solid advice nowadays...everyone has their own strategies and ideology/methodology towards investments. I guess a good starting point would be those books.

I noticed on 2+2 the book recommendation thread was the best one thus far as someone in this thread already mentioned...not like i'm gonna take some guys word for it that X method/stock/fund is best.

I guess I'll start training/studying/researching on how to find out if companies have a true durable competitive advantage in their respective markets and just start firing off on them when i feel comfortable.

As for the time being I maybe end up still experimenting with some ETF action...at this point not really worried about maximizing value...just wanna be + ev and not completely punting atm...as I continue to study up and not be as fishy I'll probably want to start buying individual stock and gamble up like the rest of the folk.

eZ Life. 

YoMeR   United States. Aug 29 2013 17:08. Posts 12435

Btw, thx for the insightful discussion guys and keeping it "mostly" civil...I figured if it was going past 2 pages it'd just degenerate into a flame war. stnd LP <3

eZ Life. 

Bigbobm   United States. Aug 29 2013 17:18. Posts 5511

i'd say read the reddit investing subgroup, but you're just going to get the same thing you're getting here. lots of people telling you to buy vanguard, and a huge circle jerk on buying tsla. i've held off on buying tsla for now, but some people are building models expecting it to reach 320-500 range (currently ~160). i'd need to feel a lot better about that entire market before i get back into active investing

personally, i have most of my money in vanguard funds. no fees, sick low ER's so they're almost all going to outperform any other funds out there. if you're looking for passive investing, vanguard funds will probably get 7-8% return, which is pretty damn good considering how risk averse that return is.

Its time to stop thinking like a bitch and think smart like a poker player - ketLast edit: 29/08/2013 17:20

YoMeR   United States. Aug 29 2013 20:03. Posts 12435


  On August 29 2013 16:18 Bigbobm wrote:
i'd say read the reddit investing subgroup, but you're just going to get the same thing you're getting here. lots of people telling you to buy vanguard, and a huge circle jerk on buying tsla. i've held off on buying tsla for now, but some people are building models expecting it to reach 320-500 range (currently ~160). i'd need to feel a lot better about that entire market before i get back into active investing

personally, i have most of my money in vanguard funds. no fees, sick low ER's so they're almost all going to outperform any other funds out there. if you're looking for passive investing, vanguard funds will probably get 7-8% return, which is pretty damn good considering how risk averse that return is.



yea that's what i was thinking. Just throw some money in some vanguard funds until i learn more about this investing thing so i'm not such a goddamn fish before tackling real investing.

eZ Life. 

Spicy   United States. Aug 29 2013 22:53. Posts 1027

Just remember that at the end of the day, supply and demand are king and your edge will come from your accuracy in anticipating how market participants will act in the future. Disagreement is also an essential part of financial markets because there needs to be someone on the other side in order for a trade to occur.

Studying market microstructure theory will also prove invaluable to your learning process.
Here is a wikipedia summary of what this branch of finance entails.
http://en.wikipedia.org/wiki/Market_microstructure
I highly recommend this book.
http://www.amazon.com/Trading-Exchang...structure-Practitioners/dp/0195144708
Learning about market microstructure will give you a wholeistic view on how all markets operate at the core level, whether they be securities exchanges, car dealerships, or sports betting websites.


YoMeR   United States. Aug 30 2013 02:53. Posts 12435


  On August 29 2013 21:53 Spicy wrote:
Just remember that at the end of the day, supply and demand are king and your edge will come from your accuracy in anticipating how market participants will act in the future. Disagreement is also an essential part of financial markets because there needs to be someone on the other side in order for a trade to occur.

Studying market microstructure theory will also prove invaluable to your learning process.
Here is a wikipedia summary of what this branch of finance entails.
http://en.wikipedia.org/wiki/Market_microstructure
I highly recommend this book.
http://www.amazon.com/Trading-Exchang...structure-Practitioners/dp/0195144708
Learning about market microstructure will give you a wholeistic view on how all markets operate at the core level, whether they be securities exchanges, car dealerships, or sports betting websites.



thx for that piece of advice. I'll look into that. Surely, a deeper understanding on the underlying aspects of the economy will benefit any investor. And It's probably safe to assume that the most successful investors generally have a higher level of understanding on the economy than most ;p

I guess i'll be dropping a few hundred bucks on study material...class will be in session soon.

eZ Life. 

Gnarly   United States. Aug 30 2013 11:35. Posts 1723


  On August 30 2013 01:53 YoMeR wrote:
Show nested quote +



thx for that piece of advice. I'll look into that. Surely, a deeper understanding on the underlying aspects of the economy will benefit any investor. And It's probably safe to assume that the most successful investors generally have a higher level of understanding on the economy than most ;p

I guess i'll be dropping a few hundred bucks on study material...class will be in session soon.


Don't go to classes unless it's to get a certificate, which i forget what it's called that i was going to use as an example. Also, you can pirate all trading books, so don't waste your money on them. Seriously, those books are fucking heavily overpriced.

Diversify or fossilize! 

ugly   . Aug 30 2013 14:18. Posts 162

Here



http://youtu.be/wD3KYlpE2lk


cariadon   Estonia. Aug 31 2013 16:59. Posts 4019


  On August 30 2013 10:35 Gnarly wrote:
Show nested quote +



Don't go to classes unless it's to get a certificate, which i forget what it's called that i was going to use as an example. Also, you can pirate all trading books, so don't waste your money on them. Seriously, those books are fucking heavily overpriced.



I feel obliged to call you out on what you say. Advising someone to not study and to encourage piracy is just ignorant.


Gnarly   United States. Aug 31 2013 18:08. Posts 1723


  On August 31 2013 15:59 cariadon wrote:
Show nested quote +



I feel obliged to call you out on what you say. Advising someone to not study and to encourage piracy is just ignorant.



I didn't say not to study, I said don't pay for heavily overpriced books. When you're looking at $150-$500 for a fucking book, and up to 5 figures for a class, to actually put money down on that when you can get most of it for free is ignorant.

Diversify or fossilize! 

casinocasino   Canada. Aug 31 2013 18:57. Posts 3343

I am very bullish on gold and silver, its my largest % of my portfolio and I would like to accumulate more while its still affordable.


casinocasino   Canada. Aug 31 2013 19:04. Posts 3343

we should have a stocks/investment/exchange thread


devon06atX   Canada. Sep 01 2013 00:45. Posts 5458


  On August 29 2013 08:14 Gnarly wrote:
Buffet isn't fucking stupid, he was short gold from the top, just like he was short the Pound back when he made his billion dollar trade.

Are you referring to George Soros 10 billion short trade which he made 2 billion from? I've never heard of Buffett's fund shorting anything (although it wouldn't surprise me).


devon06atX   Canada. Sep 01 2013 00:45. Posts 5458


  On August 31 2013 18:04 casinocasino wrote:
we should have a stocks/investment/exchange thread


Gnarly   United States. Sep 01 2013 01:20. Posts 1723


  On August 31 2013 23:45 devon06atX wrote:
Show nested quote +

Are you referring to George Soros 10 billion short trade which he made 2 billion from? I've never heard of Buffett's fund shorting anything (although it wouldn't surprise me).


Yeah, you're right, it was George. I get the old farts mixed up.

Diversify or fossilize! 

cariadon   Estonia. Sep 01 2013 09:02. Posts 4019

Not many classes have been attended.


nerdonpoker   . Apr 27 2015 21:56. Posts 414

Graphite mining companies

500 ounces of silver before your first stock or ounce of gold or crypto currency imo.

Bitcoins

litecoin is on a low low right now.

these are all things you will see huge gains in 5-10 years.

Just read today jp morgan chase bought 55 million ounces of tangible silver we aint talkn paper folks.

 Last edit: 27/04/2015 21:57

 
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