ABW Stock Exchange: All Things Investing
- Thread starter Inori
- Start date
DOS_patos
Unverified Legion of Trill member
So we teach them how to play.
You not going to be around to say sell.
And you damn sure shouldn't take heat if things go left.
That's all I'm saying.
Lmao it was Moderna
my wife was telling me how it’s “head and shoulders” and its poised to break out today when I told her last night
DOS_patos
Unverified Legion of Trill member
This is one that we was speaking in. It's also in the running for the virus vaccine.
DOS_patos
Unverified Legion of Trill member
Shit almost double from two days ago
Yep that’s why I told her to look into it
AZTG
OG
Bruh honestly I think buying indexes and mutual funds are much better in these situations. They are low as a mfer.
I been saying SWPPX but I recently been looking into VFIAX.
They do the same thing so their gains are about the same, which is tracking the SP 500. But SWPPX has a lower expense percentage (0.02 vs 0.04), but VFIAX has much higher dividends.
Picking individual stocks are a crap shoot unless you know how to read the date like @Sion.
The market crashing makes individual stocks easy but going forward invidual stocks are tough to pick.
You can also find agressive ass indexes and mutual funds. Like for now im looking at funds that track the S and P, but you can find some specific ass funds like ones that are only in tech, weed, defense, etc.
Whew them stocks is climbing today lol
We was At $800 when I left for work today
We was At $800 when I left for work today
Anyone know anything about this company
DOS_patos
Unverified Legion of Trill member
That's a lot of money
I'ma wait for the next drop n maybe take it.
Huge upside if the market stabilize anytime in the future
And them dividends
Gonna do a Lil research but hoping I don't lose out on a good deal if I don't bite now
Yea I fucked up was looking at the wrong shit
That's why I need u mfs nh
:cry:
All the more reason to wait for another drop tho. Considering the type of company it is it's bound to drop bc tourism isn't expected to go back to normal until 2021 and that's assuming we get thru this pandemic this year.
Looks like one of my first potential non dividend stocks to purchase for long term.
DOS_patos
Unverified Legion of Trill member
Let me look into this company.
I do my own type research. I'll give you feedback tomorrow.
AZTG
OG
Step up how? You mean in the game?
DOS_patos
Unverified Legion of Trill member
Irl
Cmon bruh....
I'm creating another game.
Not using jnvestopidia this time...Too many rule.
But I expect you to help add why you do what you do.
Other people trying to learn.
AZTG
OG
Got you. Im in here though. Trying fam. Plus I got a ton left to learn.
Appreciate yall though. We all learning from each other.
Ill fuck around and drop a long post bout why I ride for s and p tracking indexes in a day or two. Lay out the math and shit.
AZTG
OG
So heres my thing with index funds.
So first, the fact that we all in this thread means we understand the power of compounding intrest. Compound interest in the lamest terms is basically interest you get on the interest you already got. Most powerful force in business and finance.
So we take that and then apply the rule of seven. The rule of seven is the principle that if you get 7% interest on an investment for 7 years, your double your money. As a side note, 7 times 7 is 49. Which means in 7 years you only made 49% interest on your principle, and the interest you made on your interest was 51%. Just shows the power of compound interest.
So with those basic explanations out the way, let me get into why I push these funds.
The S+P500 has averaged 10% gains per year for the last 50 years. So lets apply that to the rule of 7. If you get 10% interest consistently, you double your money every 4 and a half years.
So basically if a person today puts $100 a month into a fund, and then increases their monthly contribution by $100 every year, (so $200 a month year 2, $300 a month year 3), and reinvests their capital gains and dividens back into the fund, in about 25 years that person will be a millionaire.
And why is being a millionaire important in this context? Lets go back to the 10% average interest of the s and p. Basically in 25 years, you stop reinvesting your interest and dividends, and get about 100k a year to live off just off the interest from your investment. Can easily quit working and retire early.
Now people might say increasing their monthly invesment by a $100 a month might be hard but its really not. If a person has a stable job, that means they will usually get a raise per year that will cover most of the extra $100 per month.
Plus you add an extra 1k every tax season. Another 1k here and there when it becomes available.
Following this guide, retiring in 25 years with access to more than 100k a year without every touching your principle becomes relatively easy.
Also keep in mind this is a long term investment and it requires patience. And this is also why you pick a fund rather than individuals stocks. Its much safer. Were talking seeing you money increasing to 100k, then 300k, then 700k etc. If you had like 5 individual stocks, lets say Wells Fargo is one, and all the scandles that WF had over the past 4 years hit, you will lose a huge chunk of that 700k. But if you had an index fund that was made up of all the companies in the s and p 500, the hit wouldnt be near as much.
Im sure there are a ton of details I forgot to add. Anyone is welcome to add to this.
But we always see articles of what rich people do but the articles never tell us to get rich. But here is one way we all can find a way to get financial freedom by sacrifcing $100 a month and being patient. Literally anyone can do it.
So first, the fact that we all in this thread means we understand the power of compounding intrest. Compound interest in the lamest terms is basically interest you get on the interest you already got. Most powerful force in business and finance.
So we take that and then apply the rule of seven. The rule of seven is the principle that if you get 7% interest on an investment for 7 years, your double your money. As a side note, 7 times 7 is 49. Which means in 7 years you only made 49% interest on your principle, and the interest you made on your interest was 51%. Just shows the power of compound interest.
So with those basic explanations out the way, let me get into why I push these funds.
The S+P500 has averaged 10% gains per year for the last 50 years. So lets apply that to the rule of 7. If you get 10% interest consistently, you double your money every 4 and a half years.
So basically if a person today puts $100 a month into a fund, and then increases their monthly contribution by $100 every year, (so $200 a month year 2, $300 a month year 3), and reinvests their capital gains and dividens back into the fund, in about 25 years that person will be a millionaire.
And why is being a millionaire important in this context? Lets go back to the 10% average interest of the s and p. Basically in 25 years, you stop reinvesting your interest and dividends, and get about 100k a year to live off just off the interest from your investment. Can easily quit working and retire early.
Now people might say increasing their monthly invesment by a $100 a month might be hard but its really not. If a person has a stable job, that means they will usually get a raise per year that will cover most of the extra $100 per month.
Plus you add an extra 1k every tax season. Another 1k here and there when it becomes available.
Following this guide, retiring in 25 years with access to more than 100k a year without every touching your principle becomes relatively easy.
Also keep in mind this is a long term investment and it requires patience. And this is also why you pick a fund rather than individuals stocks. Its much safer. Were talking seeing you money increasing to 100k, then 300k, then 700k etc. If you had like 5 individual stocks, lets say Wells Fargo is one, and all the scandles that WF had over the past 4 years hit, you will lose a huge chunk of that 700k. But if you had an index fund that was made up of all the companies in the s and p 500, the hit wouldnt be near as much.
Im sure there are a ton of details I forgot to add. Anyone is welcome to add to this.
But we always see articles of what rich people do but the articles never tell us to get rich. But here is one way we all can find a way to get financial freedom by sacrifcing $100 a month and being patient. Literally anyone can do it.
Lifefill
Greatfallbe4pride
What are indexes and mutual funds exactly and how I can get in