2014 Investments Thread (housing, franchises, startups, etc)

[blkrstr21]

https://www.thinkorswim.com/tos/displayPage.tos?webpage=paperMoney

I just signed up and downloaded the app. It says its only a 60 day trial? How much is it after? Is it worth paying for?

Ive used other stock simulators before, so im curious see how this one goes because ive never used one that had a fee

 

[blkrstr21]

Also, does anyone remember the name of the NT member who was an actual trader?? He used to give out advice and what not and he was always willing to drop a little knowledge to anyone who asked

If im gonna do this, id like to get a little personal insight and pick his brain

 

[johnnyredstorm]

ThinkorSwim is free. Just open an account with them and never fund it. Just use the platform.

 

[yanky]

P4L. I want to start making my money work for me.

 

[andretti]

Also, does anyone remember the name of the NT member who was an actual trader?? He used to give out advice and what not and he was always willing to drop a little knowledge to anyone who asked

If im gonna do this, id like to get a little personal insight and pick his brain

651akathepaul

I talked to him a few months a back he put me on game about a few things on stocks

 

[wizards23]

Hearing some of you guys talk about being in debt and all that got me wondering, have any of you had a financial setback or loss a lot of money doing business or investing and had everything go down the drain? Would like to hear some successful stories of people bouncing back from losses, need some encouragement lol.

I've blown up multiple accounts in the beginning. Somewhere around 10-15k total lost in the market. I look at it as paying for an education

 

[andretti]

Hearing some of you guys talk about being in debt and all that got me wondering, have any of you had a financial setback or loss a lot of money doing business or investing and had everything go down the drain? Would like to hear some successful stories of people bouncing back from losses, need some encouragement lol.

I've blown up multiple accounts in the beginning. Somewhere around 10-15k total lost in the market. I look at it as paying for an education

Any major success ?

 

[kal-el-8]

p4l

 

[wizards23]

I do alright trading. I've made back all of my losses over time. I'm in the accumulation phase, building my accounts since I still have another job to pay expenses. I haven't had huge success yet but the small gains add up. I would compare myself as a trader to a secord or third year college athlete. I'm going to transition to a full time trader at the turn of the year

 

[andretti]

I do alright trading. I've made back all of my losses over time. I'm in the accumulation phase, building my accounts since I still have another job to pay expenses. I haven't had huge success yet but the small gains add up. I would compare myself as a trader to a secord or third year college athlete. I'm going to transition to a full time trader at the turn of the year

I'm tryna get like you man

 

[capital sb]

I do alright trading. I've made back all of my losses over time. I'm in the accumulation phase, building my accounts since I still have another job to pay expenses. I haven't had huge success yet but the small gains add up. I would compare myself as a trader to a secord or third year college athlete. I'm going to transition to a full time trader at the turn of the year

Nice! Your blog is the reason I started getting more into trading and found IU/Nate

 

[daddychill]

been lurking these threads for pure LOLfests and enjoyment till i saw this thread.

i know alot of ppl on these forums are still very young, are still in college or just graduated, and this is like the perfect thread for those looking to build and accumulate wealth from something other than a typical day job. one thing i know for certain is that you cannot build wealth with a typical 9-5 job by trading your time for dolllars (hence this thread).

this is just me, but if you want to consider investing in anything, i highly suggest educating yourself as much as possible, talk to those who are successful, hang around different investing forums (i actually follow marc cuban's blogs smart businessman btw, and motley fool), read up on books. im currently reading the millionaire next door, the new buffetology, and the unofficial guide to real estate investing.

you also have to ask yourself WHY you want to invest. is it because you wanna be rich? to secure your family's future? bc you wanna be your own boss? im sure there are many other reasons and most of our reasons are for a very similar cause, but my reason for investing in different securities is because of TIME and FREEDOM. i believe time and freedom is more valuable than anything when it comes to money and finances. its something you cant get back.

you dont have to major in business or take business to consider investing.

for starters, one thing to do before even consisdering investing is to get rid of any bad debt, and have liquid cash to begin with. ha
and one of the biggest mistakes in my honest opinion is buying a brand new car after getting your first job coming out of college bc you just put yourself in immediate debt. (brand new cars immediately deppreciate in value), but theres nothing wrong with getting a new car if you absolutely need it (i would prefer getting used).

 

[MrPolo23]

I have few thousand dollars that I NEED to invest, please point me in the right direction .

ThX NT FAM

 

[andretti]

been lurking these threads for pure LOLfests and enjoyment till i saw this thread.

i know alot of ppl on these forums are still very young, are still in college or just graduated, and this is like the perfect thread for those looking to build and accumulate wealth from something other than a typical day job. one thing i know for certain is that you cannot build wealth with a typical 9-5 job by trading your time for dolllars (hence this thread).

this is just me, but if you want to consider investing in anything, i highly suggest educating yourself as much as possible, talk to those who are successful, hang around different investing forums (i actually follow marc cuban's blogs smart businessman btw, and motley fool), read up on books. im currently reading the millionaire next door, the new buffetology, and the unofficial guide to real estate investing.

you also have to ask yourself WHY you want to invest. is it because you wanna be rich? to secure your family's future? bc you wanna be your own boss? im sure there are many other reasons and most of our reasons are for a very similar cause, but my reason for investing in different securities is because of TIME and FREEDOM. i believe time and freedom is more valuable than anything when it comes to money and finances. its something you cant get back.

you dont have to major in business or take business to consider investing.

for starters, one thing to do before even consisdering investing is to get rid of any bad debt, and have liquid cash to begin with. ha
and one of the biggest mistakes in my honest opinion is buying a brand new car after getting your first job coming out of college bc you just put yourself in immediate debt. (brand new cars immediately deppreciate in value), but theres nothing wrong with getting a new car if you absolutely need it (i would prefer getting used).

Welp with that said I have to wait some years to pay off my student loans thanks for this advice homie

 

[daddychill]

having school debt is not "bad", its good debt. well it depends on how large of a debt it is hahaha. what i mean by bad debt is like using credit cards to buy things that are not really necessities (eating out all the time, material things, etc). my brother was able to purchase a property while still paying off his school loans. so its doable.

this is where you to really have to spend time budgeting and keeping track of where you are allocating your income on a monthly basis or even weekly basis. maybe every two weeks save a portion of your cash in an account for investing thats untouchable, even if your life depended on it.

 

[andretti]

having school debt is not "bad", its good debt. well it depends on how large of a debt it is hahaha. what i mean by bad debt is like using credit cards to buy things that are not really necessities (eating out all the time, material things, etc). my brother was able to purchase a property while still paying off his school loans. so its doable.

this is where you to really have to spend time budgeting and keeping track of where you are allocating your income on a monthly basis or even weekly basis. maybe every two weeks save a portion of your cash in an account for investing thats untouchable, even if your life depended on it.

2.......27gs? my pockets

 

[capital sb]

I have to agree I think buying a new car right out of college is so dumb. I think people do it to show that they are doing good in life.

Read Rich Dad Poor Dad if you want to get into investing. Changed my entire mentallity on how to invest, teaches you about cash flow and the difference between an asset and a liability. A house is not an asset, neither is a car.

 

[lacesunlimited]

Thinking of buying a condo and renting it out with my brother. Found a couple condos for 150k rent it out for like 1000 go 1500

 

[blkrstr21]

I do alright trading. I've made back all of my losses over time. I'm in the accumulation phase, building my accounts since I still have another job to pay expenses. I haven't had huge success yet but the small gains add up. I would compare myself as a trader to a secord or third year college athlete. I'm going to transition to a full time trader at the turn of the year

So what do define as success when it comes to trading?? If youre saying you might become a full time trader, I can only assume you must be making enough to leave your job

When it comes down to it, I know Im not going to be a full time investor/trader, nor do I think i'll ever make a ton of money doing this. The reason I want to do this is to have some sort of bankable income and use it as a means to set up my future (ie retirement). If I make an extra 100-200 a month (more than i what invested), id be more than happy. 

Am I thinking too small here?

 

[wizards23]

Success is different for every person depending on goals, knowledge, time put in, etc. My plan is to make a million in three years starting 2015. There are many reasons for this goal. I've seen a trader make 1.2 million in one day. I've seen a trader make 40k in a few hours last week. I've seen a trader take in 5-10k a day pretty consistently. This shows me in can be done. With a plan, patience and persistence you can achieve anything you imagine. Shoot for the stars and you might get there. But you also can't be reckless or act on emotions

Oh yea a great lesson I learned and live by "if you can't buy 3 don't buy 1"

 

[andretti]

gon head playa

 

[xbiker47]

Success is different for every person depending on goals, knowledge, time put in, etc. My plan is to make a million in three years starting 2015. There are many reasons for this goal. I've seen a trader make 1.2 million in one day. I've seen a trader make 40k in a few hours last week. I've seen a trader take in 5-10k a day pretty consistently. This shows me in can be done. With a plan, patience and persistence you can achieve anything you imagine. Shoot for the stars and you might get there. But you also can't be reckless or act on emotions

Oh yea a great lesson I learned and live by "if you can't buy 3 don't buy 1"

Whats your start up capital going to be?

Your trying to make a million solely on stocks?

 

[paulprince3730]

 
Great thread.

This year was the first year I've had some $$. I've got a ton of debt, but wanted to invest and make $$ with my money. I went to my bank (B of A)and told them to put my "fortune" (10k) into the highest interest yielding account they offer. That 10k yielded 29 cents/month... I wasn't having it and searched for alternatives.

I started looking at other investment options:

Bonds - can get about ~3% of what you put in, but you gotta wait a couple years

CDs - If you have like 100k+ this is a decent option. You can get ~2.3%+ compounded daily/APY

I came to the conclusion that stocks were the best option, but pose a risk.

Here is a chart of the Standard and poor index 500. (S&P500) http://finance.yahoo.com/echarts?s=^gspc+interactive

If you bought one share in 2009 at ~1k(per share) you would have made 150, putting you at 1.15k by 2010, 150 bucks

One share in 2010 at 1.15k by 2011, 1.25k, 100 bucks

One share in 2011 at 1.25k, by 2012,  1.27k 20 bucks

One share in 2012 at 1.27k, by 2013 1.45k 180 bucks

One share in 2013 at 1.45k by 2014 1.83k 380 bucks - Note: last year was exceptionally good for stock market

One share in 2014 at 1.83k, currently, 1978$

I'm not advocating you to invest all your money in this index. I'm just presenting to you what brought me to this conclusion. The worst year at 20 bucks(2011-12), beat out the 29 cents offered to me by my banks highest yielding savings

I'm interested in purchasing property, renting it out eventually.

Pay off a tri-plex, rent it out to 3 people. Get monthly rent checks. I understand there are landlords, bad renters, home owners insurance, all these things associated.

Flipping houses seems like great investment too, but you need $, time, connections that I don't have

this, i started doing the research the first two quarters of this year, so im not completely ignorant to everything by the time im ready to start gettin it in, and i saw the money was a huge problem, so i looked into wholesaling and i still wouldnt be able to do that because of my lack of capital

honestly, almost everything that ive taken into serious consideration is stopped because of my lack of capital (no bands) so now im looking into other stuff that i can start up with not so much money, hopefully that will work out and by christmas im 100s of bands swimmin and will share every little detail with you guys if it works, if not, ill be brainstorming and researching other entrepreneurial endeavors 

 

[capital sb]

this, i started doing the research the first two quarters of this year, so im not completely ignorant to everything by the time im ready to start gettin it in, and i saw the money was a huge problem, so i looked into wholesaling and i still wouldnt be able to do that because of my lack of capital

honestly, almost everything that ive taken into serious consideration is stopped because of my lack of capital (no bands) so now im looking into other stuff that i can start up with not so much money, hopefully that will work out and by christmas im 100s of bands swimmin and will share every little detail with you guys if it works, if not, ill be brainstorming and researching other entrepreneurial endeavors 

I thought you don't need any money to wholesale? Its basically securing then selling contracts.

 

[yung16]

wish me luck guys! met an investor over the weekend and should be flipping my first house by next month.