I am feeling kind of half empty today. So I have to warn you that options are one of a number of ways to lose $100,000 when you only have $10,000.
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Stock Market book for dummies ??
- Thread starter Annalise Lane
- Start date
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that is what I expected
I admit i am far from an expert on options .. but comments .Like that is pure greed .. and what Wilder said .. that you can take $10,000 AND END UP LOSSING $ 100,000 .. IS JUST THE MENTELITY THAT SOME PEOPLE HAVE .. AND REALY DON'T WANT TO THINK OUT SIDE THE BOX . there are millions of options traded ever day.. some one see some potential in it.
If you are buying and only spend $ 10,000 on option .. then you will only loss $ 10,000.. Now the other side is selling options on stocks that you own.. yes the seller can loss more then he made from selling the option. But then you have to have the money in the first place to buy the stocks.. There are very few stocks I want to own
As for turning $10,000 in to $ 100,000 .. that is only making %100 a month and i have done that and more on meny of my options .. It is not me that decides how high the option price will go .. it the market.
Gabling is when you beat on an unknown out come .. you have know idea why the little ball will fall on your number on the wheel .. but you are going to put money on it. . Options .. are completely different .. you see a stock rising .. for any number of reasons .. and you assume that it will go to a certain price .. and so do the buyers that keep buying... I it does not .. you don't loss all your money .. and there is still the opportunity for the stock to rise another day.. that depends on how long your option is good for . 30 . 60 .or 90 days..
Unless you have done it more then once .. you really don't know what you are talking about.
I admit i am far from an expert on options .. but comments .Like that is pure greed .. and what Wilder said .. that you can take $10,000 AND END UP LOSSING $ 100,000 .. IS JUST THE MENTELITY THAT SOME PEOPLE HAVE .. AND REALY DON'T WANT TO THINK OUT SIDE THE BOX . there are millions of options traded ever day.. some one see some potential in it.
If you are buying and only spend $ 10,000 on option .. then you will only loss $ 10,000.. Now the other side is selling options on stocks that you own.. yes the seller can loss more then he made from selling the option. But then you have to have the money in the first place to buy the stocks.. There are very few stocks I want to own
As for turning $10,000 in to $ 100,000 .. that is only making %100 a month and i have done that and more on meny of my options .. It is not me that decides how high the option price will go .. it the market.
Gabling is when you beat on an unknown out come .. you have know idea why the little ball will fall on your number on the wheel .. but you are going to put money on it. . Options .. are completely different .. you see a stock rising .. for any number of reasons .. and you assume that it will go to a certain price .. and so do the buyers that keep buying... I it does not .. you don't loss all your money .. and there is still the opportunity for the stock to rise another day.. that depends on how long your option is good for . 30 . 60 .or 90 days..
Unless you have done it more then once .. you really don't know what you are talking about.
did not mean to hijack this thread to push options ..
I know there are other ways to make some good money .. but you must have some money first.. . A friend of mine is doing very well by buying .. condos. and manufactured home .. redoing the inside .. to like new .. and reselling.. but requires a backer .. sweet equity .. and the right market... you need to have the money .. be in reality.. and be a carpenter. or contractor.. then it may be great In a few years you could double your money.
I know there are other ways to make some good money .. but you must have some money first.. . A friend of mine is doing very well by buying .. condos. and manufactured home .. redoing the inside .. to like new .. and reselling.. but requires a backer .. sweet equity .. and the right market... you need to have the money .. be in reality.. and be a carpenter. or contractor.. then it may be great In a few years you could double your money.
was going to keep quite but what the hay,
pretty simple where a lot of smart money is right now,
nickel
zinc
uranium
all in short supply, all with increasing consumption
inventories of Nickel and Zinc are decreasing every month
copper a maybe, but we are eventually going to replace the aluminum transmission lines with copper to reduce line losses in North America, that copper will likely come from NA producers opposed to china who will dump copper onto the market from time to time
most people who play the market and do well have different brokers for different sectors of the market. these brokers will specialize in following a certain sector and be a bit quicker to jump on a trend which is what it is all about
advise..... you don't make money buying stock you make it selling so knowing when to sell is as important as what to buy (i.e. don't be afraid to have a hair trigger on the sell side from time to time)
pretty simple where a lot of smart money is right now,
nickel
zinc
uranium
all in short supply, all with increasing consumption
inventories of Nickel and Zinc are decreasing every month
copper a maybe, but we are eventually going to replace the aluminum transmission lines with copper to reduce line losses in North America, that copper will likely come from NA producers opposed to china who will dump copper onto the market from time to time
most people who play the market and do well have different brokers for different sectors of the market. these brokers will specialize in following a certain sector and be a bit quicker to jump on a trend which is what it is all about
advise..... you don't make money buying stock you make it selling so knowing when to sell is as important as what to buy (i.e. don't be afraid to have a hair trigger on the sell side from time to time)
Stop Buying Mutual Funds , "The book that Bay Street doesn't want you to read" by Mark Heinzl "Easy ways to beat the pros investing on your own."
He gives you the poop on why mutual funds are a rigged game and how you end up taking it in the pooper if you buy them. The stock mkt. basics are covered, using blue chips as an example and he explains how you can buy them on your own and avoid the fees--thereby sending that commission driven ,handholding ,babysitting advisor to the poor house.
Most of the basics are covered, but fuck it's boring.
As an SP with a name like yours you no doubt know--you should be the one getting paid if you are taking it in the pooper not the mutual fund company.
He gives you the poop on why mutual funds are a rigged game and how you end up taking it in the pooper if you buy them. The stock mkt. basics are covered, using blue chips as an example and he explains how you can buy them on your own and avoid the fees--thereby sending that commission driven ,handholding ,babysitting advisor to the poor house.
Most of the basics are covered, but fuck it's boring.
As an SP with a name like yours you no doubt know--you should be the one getting paid if you are taking it in the pooper not the mutual fund company.
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That's what I was thinking...all these smart guys who can't understand a simple request
There is no A,B,C
Sorry but i have found there is no one step abc book .. if a book as info .on every thing then it really can't tell you much about any of them .. Most book are .on one subject and the author has worked at it for meny years .. now they are passing on thee experiences..
You have to figure out what is your risk level . just like in the provider bus's. and then just work at that .. You will make mistake .. that how you learn .. know one will do it for you.. unless you are willing to give them a fair percentage for their work.. you either learn it your self .. or you make a job for some one else
That is why the majority of people are still working for some one else .. they don't want to, or don't have the knowledge to do it for them self.
You already have something that 90% of the people don't have .. the willingness to be self employed. and bee in charge of your own life..
The stock market is as safe as any business.. but you are not taking the risk .. compared to the risk that the owner of any business is taking.. you are not responsible for trying to make it work .. making the payroll every month .. or dealing with the ups and down o the market .. If you don't like the money you are makings .. you can get out . very easily .. just sell your stock.. you can't when you run the business.. If you have the time , got the stick with it.. and are willing to take your lumps to learn then yes you too can be a stock trader..
Sorry but i have found there is no one step abc book .. if a book as info .on every thing then it really can't tell you much about any of them .. Most book are .on one subject and the author has worked at it for meny years .. now they are passing on thee experiences..
You have to figure out what is your risk level . just like in the provider bus's. and then just work at that .. You will make mistake .. that how you learn .. know one will do it for you.. unless you are willing to give them a fair percentage for their work.. you either learn it your self .. or you make a job for some one else
That is why the majority of people are still working for some one else .. they don't want to, or don't have the knowledge to do it for them self.
You already have something that 90% of the people don't have .. the willingness to be self employed. and bee in charge of your own life..
The stock market is as safe as any business.. but you are not taking the risk .. compared to the risk that the owner of any business is taking.. you are not responsible for trying to make it work .. making the payroll every month .. or dealing with the ups and down o the market .. If you don't like the money you are makings .. you can get out . very easily .. just sell your stock.. you can't when you run the business.. If you have the time , got the stick with it.. and are willing to take your lumps to learn then yes you too can be a stock trader..
Actually that is a good way. Unless the rules have changed, if you live in a place for 6 months and its your primary residence, the profit is tax free ie; no capital gains tax.
You need a place to live anyways, and if you don't mind moving its can be profitable. Particularily if you do some improvements that add value.
An SP could make this work pretty easily.
I think what you are really looking for is a magical answer contained in some book(s) that shows you how to make money.... or even get rich quick and easy. Well, as far as I'm concered there is no such thing out there. Some things like that may help and educate you on it A LITTLE BIT, but it sure won't give you a crystal ball with all the answers. I think a few things that come into play here. Some of these people who write the books, are not what they claim, but they make more money off the (the saps who buy their books) books than in the real world. They can't do it themselves so they try to teach. Also, you have to have the smarts and invest the time into it to know what to do with the information like anything else.
In short, if it were really so easy, we'd all be rich.
I dont think you read my first post or you didn't understand it, because I specificly said, I have someone in my life who will be guiding me along, I just want to be able to understand his language and the process better.
There is NO magical answer to getting rich, that isn't what Im after, but I am after a retirment and fucking one cock. I know what I need to live on to sustein(spelling) my current standard of living, it's not much, and with a square job in place (3 years away) I will be more then set up to bring someone into my life that doesn't have to share me.
Prospero - I'm not asking for much !!
Besides you might consider taking that lemonde that made you sour and try adding some sugar to it.
investing
I am an accountant and successful investor. (at least until a week ago, only kidding).
I read extensively about investments and question everything for reasonableness. I will find a book on the weekend and post here for" beginners"
Annalise I would be happy to meet with you when you are in Calgary, I have been meaning to book again with you. No discount required.
Regarding housing and flipping or living in a house for a year or so,remember two very important things:
1) You are typically highly leveraged ie if you put 25% down, you have borrowed the other 75%. If prices drop only a little say 5% ( and believe me in this Alberta market , that could happen easily) the whole 5% comes out of your equity MEANING YOU LOSE 20% of your 25%. THE BANK LOSES NOTHING.
2)There are costs to selling a home,typically 6-7%. You bear all this cost as well. The bank bears none of it.
This is not to say one cannot make money doing this but in my view timing is everything. THIS IS NOT INVESTING.
I would concur with one of the other posters who did indicate that buying a rental property and sitting on it letting the renters pay the mortgage is a reasonable investment strategy. Note it is a LONG TERM strategy.
There is no quick easy way to invest, if it's quick and easy it's speculating or sex.
I am an accountant and successful investor. (at least until a week ago, only kidding).
I read extensively about investments and question everything for reasonableness. I will find a book on the weekend and post here for" beginners"
Annalise I would be happy to meet with you when you are in Calgary, I have been meaning to book again with you. No discount required.
Regarding housing and flipping or living in a house for a year or so,remember two very important things:
1) You are typically highly leveraged ie if you put 25% down, you have borrowed the other 75%. If prices drop only a little say 5% ( and believe me in this Alberta market , that could happen easily) the whole 5% comes out of your equity MEANING YOU LOSE 20% of your 25%. THE BANK LOSES NOTHING.
2)There are costs to selling a home,typically 6-7%. You bear all this cost as well. The bank bears none of it.
This is not to say one cannot make money doing this but in my view timing is everything. THIS IS NOT INVESTING.
I would concur with one of the other posters who did indicate that buying a rental property and sitting on it letting the renters pay the mortgage is a reasonable investment strategy. Note it is a LONG TERM strategy.
There is no quick easy way to invest, if it's quick and easy it's speculating or sex.
samsmith I look forward to making your aquantance again - and listening to some solid advice or getting a book list while we sit naked at the edge of the bed.
Maybe I can do tricks for a free book or two - I'm feeling a little broke today with my tax bill paid and tution paid all in less then a week. lol
Maybe I can do tricks for a free book or two - I'm feeling a little broke today with my tax bill paid and tution paid all in less then a week. lol
Annalise:
Yip. I did read it. See my first post.
It's how you seem to be coming across...
Nothing comes easy, and no one has all the answers. Which it seems is pretty much what most people here are saying.
You are right - I did come across as you've stated - oppies
7% in the housing market or 10 % in a safe mutal fund, Maybe I'm more greedy then I thought, and came off a bit ... ummmm ... what is a good word for it .... UNGREATFUL ... mmmmm .... might be harsh but likely true.
My appoligies and let me help you with them lemons seems I need the sugar more then you.
Thank you to everyone who has extended their knowledge and helpful hands, I graciously bow. This should prove to be an interesting year !!!
Hi Annalise, I'm a 'tweener when it comes to stock market knowledge and investing -- I probably know more than the average person on the street, but less than the experts.
I think when it comes to investing (or really, any subject one is approaching for the first time) you start with mainstream advice, meaning you do it the way the large majority of people trained in the field tell you to do it. Once you are comfortable enough to make your own decisions, then you can deviate from this plan as you see fit. I don't think it's realistic for a novice investor to beat the market unless they get really lucky. The main thing is you don't want to make any bad mistakes.
I've read about four or five books on investing and financial planning, and by far the best book I've found is called "Protect Your Nest Egg" by Eric Kirzner and Richard Croft. It starts assuming one knows pretty much nothing about the subject, and yet is still pretty informative even for those with moderate knowledge: http://www.chapters.indigo.ca/books...tml?ref=Search+Books:+'protect+your+nest+egg'
I read "The Wealthy Barber" and it's ok, but it's more about financial planning than investing.
If you can't find "Protect Your Nest Egg", the "Dummies" books in general are pretty good, and I've read this one: http://www.amazon.ca/Investing-Canadians-Dummies-Tony-Martin/dp/0470833610
It's pretty decent, though it's more of an overall investing book and doesn't concentrate on the stock market.
Another point I would make is that the American stock market and the Canadian stock market differ enough that it's worth it to read at least one book that is geared toward Canadian investors.
Good luck!
everyone else is a know it all, so i may as well be too.
i'm no financial guru or anything.
me, personally, i hang out at upscale lounges downtown in hopes of finding a doctor or a lawyer to marry so i don't have to worry about this type of shit!
and i could read book after book about financial investing and still be no better off then where i was when i started. and it's all about knowledge, what you know, what you do, and all that rot.
myself, i work in the auto collision industry. so i look to guys like boyd coddington, chip foose, jesse james, et al. how did they find success? what was their idea, what was their innovation?
chip foose went to art school, and eventually became president of Boyd Coddington's Hot Rod company. chip can take the image of a car he has in his head, transfer it onto paper, and make that drawing a reality. it would be safe to say chip's "empire" all spawned from his drawings.
there's already a ton of people on here who think they're experts, maybe some of them are. i dunnno, i don't care. but what works for them isn't necessarily going to work for you. like someone else said, you can't jump into the hockey pool game without knowing anything about hockey.
but here's a question. since you're already in the the "sex biz" and i'm trying to tread softly here, so forgive me...
...but look at girls like Jenna Jameson and Jill Kelly. Or doods like Seymour Butts, Ron Jeremy, Steve Hirsch. Where did they start?
i'm no financial guru or anything.
me, personally, i hang out at upscale lounges downtown in hopes of finding a doctor or a lawyer to marry so i don't have to worry about this type of shit!
and i could read book after book about financial investing and still be no better off then where i was when i started. and it's all about knowledge, what you know, what you do, and all that rot.
myself, i work in the auto collision industry. so i look to guys like boyd coddington, chip foose, jesse james, et al. how did they find success? what was their idea, what was their innovation?
chip foose went to art school, and eventually became president of Boyd Coddington's Hot Rod company. chip can take the image of a car he has in his head, transfer it onto paper, and make that drawing a reality. it would be safe to say chip's "empire" all spawned from his drawings.
there's already a ton of people on here who think they're experts, maybe some of them are. i dunnno, i don't care. but what works for them isn't necessarily going to work for you. like someone else said, you can't jump into the hockey pool game without knowing anything about hockey.
but here's a question. since you're already in the the "sex biz" and i'm trying to tread softly here, so forgive me...
...but look at girls like Jenna Jameson and Jill Kelly. Or doods like Seymour Butts, Ron Jeremy, Steve Hirsch. Where did they start?
I can't suggest any books, but once you've retired I'd like to volunteer my cock.
It's an excellent investment and grows at a rate of 200% in about 30 seconds. If it was nestled snugly into your attractive portfolio that could be knocked down to about 10 seconds. It can, of course, be liquidated at your command. In fact I'd encourage numerous withdrawals. You can expect this investment bubble to burst frequently, but always bounce back firmly.
KMAN that was hilarious.
I just went to Chapters and the bok I would suggest is "The little red book of common sense investing" written by John Bogle.
The only thing to keep in mind is that John Bogle founded Vanguard mutual funds in the US. That is his bias but everything he says is true and should make sense.
It is written in plain lnguage and is very easy to read.
I just went to Chapters and the bok I would suggest is "The little red book of common sense investing" written by John Bogle.
The only thing to keep in mind is that John Bogle founded Vanguard mutual funds in the US. That is his bias but everything he says is true and should make sense.
It is written in plain lnguage and is very easy to read.
