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  #651  
Old September 24, 2017, 11:40 PM
iDumb iDumb is offline
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-----------------
cont of my easrlier life advice: (if daddy not rich)

During my residency my average yearly salary was ~65K equating to around 1650 to 1700 biweekly paycheck. I deferred max (16k to 17.5k) to 403b (i was the only one doing it in my class - ppl didn't even know it was possible to do it) and saw a paycheck of ~1250 biweekly - you know what that did to my standard of living? absolutely NADA.

i still spent money on beer, dinner (some were free courtesy of drug compnaies :p), travelling. Some of the other guys were desperate for money the end day of graduation and I still had savings...and I dont' think I am one of those penny pinching chep a$$ guys either...

this was the key.. they lived in Manhattan with rent north of 2000 monthly for a room. I took the train a bit further and paid 1000 for one full bedroom. didnt have a car. no other expense really .. and home cooked food cost is pretty cheap.

Not getting married will help you to live in the shittiest (but cheapest) possible neighborhood or your mom's basement...if you can minimize/eliminate your housing cost at 20s - you are GOLD!!

So anyone who says they don't make enough to save.. I can proof them wrong that they can.

instead most 20 year old gets a brand new BMW the moment they get their first job...sad. just 10 years of quality savings at 20s is gonna make a significant difference in future.
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  #652  
Old September 25, 2017, 11:18 AM
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iDumb bro.. my call wasn't just due to apple. Market has not been tradable for a while. and yes if you bought and held, you'd be laughing now. But few could predict market would react the way it did after Trump won the election.

My call is based on charting.. though seems against the trend.. I see a topping here at the STOCKs. But hey.. I could be wrong and loose a lot. But Risk Ratio favors selling..
https://www.tradingview.com/x/304lduy4/
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  #653  
Old September 25, 2017, 11:21 AM
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Here's the chart for QQQ - Powershares mainly Tech stock..

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  #654  
Old October 5, 2017, 12:09 PM
iDumb iDumb is offline
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For the young guns ..this is a nice calculator .

https://dqydj.com/sp-500-dividend-re...nt-calculator/

Most my age started jobs in 2007 to 2009 around that time ...

Let's say you got your job at age 22 ... and if you ignored everyone and contributed max to your 401k. .. and with ~3k of yearly company match .. at the age of just 30 ...

You would have close to 400k USD right now . Anybody making 50k plus yearly salary could have achieved this without a sweat or barely taking any risks

INVEST TODAY! Secure future . This heads up gonna make a huge impact over long term ...

Forget about the ones smart enough to go individual stocks outside of their regular contributions ...
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  #655  
Old October 10, 2017, 11:35 PM
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I was browing through previous post to give an update on Mastercard that I bought for my kid. It has gone up >100% since then. While looking for that post, i found one of my generic post of mine where i shared how I like companies ....

I been touting these companies for years even before this post here


this is the performance of the said stocks during that time period.. all placed.

Netflix 285%
music/phone: apple 94%
technology/search: google 83%
social: facebook 258%
surgical technology: intuitive surgical 182%
electric car: tesla 159%
brick mortar technology shopping : best buy 40%
coffee: starbucks 38%

Compared to broader market of
sp : 41%
dow : 42%
nasdaq: 62%
JCP - 56% (minus 56 that is)[/COLOR] - i was clearly negative on this in post around it. Motto was not to buy trash but the best.

And who is it that said you can't beat the market??? Not only can you beat it.. you can CRUSH IT!

Sorry had to give an update.

following post was in 11/20/2013.
http://banglacricket.com/alochona/sh...&postcount=226

Quote:
Originally Posted by iDumb
no forex here. i stay to my comfort zone. dont understand too much of forex, commodities trade.

what stocks have u been eyeing gman if u trade them? what u by profession?

since this can and should be an educational thread and i have time, i will babble a little...

jcp is a tough call, my motto is always to get the best company in a sector despite market noise, historically that has worked out very well again and again.... i been following market over 15 years now. this is my secret actually, very simple, i will always back up the best company..

for example, i would pick a sector and try to get the best/brand in that sector... and factor in social, technological and mass psyche to hazard how optimistic i will be about a stock. human nature by default is slow to adapt to changes and this is the reason i think well known, established companies give you a lot of opportunities... u dont necessariky have to find that unknown hidden gem.....

coming back to retail (forget about division within for a sec, if u think overall which company would trump everyone else).... maybe walmart, costco, but how is our shopping changing...more reliant on online, so who is the best in online retail...answer is amazon.com, now with this type of change in shopping habits who else to benefit, credit card companies, who is the best, master card, what is my risk... bitcoin (so u would keep some eye on it, ignore it most of the time, remember human are very slow to adapt but if a product is right ultimately with time it will take over..who else, carrier, who is the best, fed ex.. who is the worst united postal..)

this is how i usually follow, pick my stocks...naming the best companies..

entertainment/movies : netflix
music/phone: apple
technology/search: google
social: facebook
surgical technology: intuitive surgical
electric car: tesla
brick mortar technology shopping : best buy
coffee: starbucks

and it goes on and on...... none of these companies have any real competition in their field.... so when these companies gets dragged down by some outside noise... ie mortgage crisis, recession, election, debt ceiling, its time to jump in.

thats why i will always doubt jcp, its not really the best in its sector....

i have a mock portfolio: since late 2009, sp is up~ 100 percent, my mock in that time frame > 300 percent... has 15 or so stocks in it (all the above mentined stocks part of that except tesla) and its rock solid in terms of diversification. these picks just solidifies my judgement.

but when putting money in i have same problem as the next door teenager, not enough money, and big dreams, so i play aggressive 1 stock, try to minimize cost and go all in.. and attempt to time market... and fail numerous times too...

------------------------------------
regarding, quantitative easing, i think federal reserve should start tapering now, i think market is at a point where it can take some hit.....
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Last edited by iDumb; October 30, 2017 at 09:03 AM..
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  #656  
Old October 30, 2017, 09:01 AM
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Quote:
Originally Posted by iDumb
I been hearing this for last 5 years. Aapl is not a stock that will crash. Iphone 8 sluggish sales may cause a little bit of down days but sales data of X will make up for it later... Out of most tech stocks, Apple is the suprisingly the least expensive - it's ridiculous..

There is no data currently to suggest a crash is imminant.
a month and a half later..apple is at all time high.. nasddaq is at higher levels...

in accordance to prev posts.. further solidyfying picks.. time after time..

amzn up 13% after earnings
JCP down ~13% after earnings...

the direction persists... coincidence or a stock market genius you have at banglacricket? :p
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  #657  
Old November 3, 2017, 02:42 PM
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apple is crushing it! post earnings and post iphone x release.

I don't know how any of you guys think when you wrote apple gonna crash. never bet against a quality company that has a captivating and cult like following fan base.
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  #658  
Old November 17, 2017, 11:11 PM
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Tausif Tausif is offline
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Tesla into the truck market with the new Electric Semi Truck model. Already getting buy orders from biggies like Walmart. Elon never stops.
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  #659  
Old November 24, 2017, 10:59 AM
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few weeks ago invested in bitcoin and 2 other crypto (ethereum and litecoin). this is just pure gambling/speculation. very few fundamental whatsoever. was an impulse buy.

so far has paid off. up around 20%. but might as well wipe all the gains in one day. its that volatile.

but its crazy how in one year bitcoin rose 1000% and ethereum and litecoin 5000% and more.
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  #660  
Old November 24, 2017, 11:09 AM
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congrats. I think its worth holding on to this gamble. The limited supply of bitcoin makes it a very intriguing currency. Cryptocurrency is not as gamble as many think it is. It's just this last two years it gained the momentum. Lot of merit to a standardized and recognized digital cryptic currency imo.

cashless is the future...20 years from now.... i think usage of cash will go down significantly world wide. Imagine a world where there is no cash. And when that happens, u need an untraceable digital currency for your hotel rent away from your spouse
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  #661  
Old November 24, 2017, 11:25 AM
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not sure if I should sell now with ~20% gain now or hold it. the only regret I had is not investing more like 5k or 10k.

it can go both ways. if the govt steps in and makes it harder for bitcoin (or other crypto), it will falter. on the other hand, some businesses are embracing it. recently Square announced they will allow transfer of bitcoin just like cash. then you have skeptics from traditional wall st banks (such as Jamie Dimon from JPMorgan), who is highly critical of it.

its still an uncharted territory.
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  #662  
Old November 25, 2017, 11:42 PM
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I might invest 1k in ripple (crypto) as a long play

I opened up Robinhood app and have thought about purchasing the $VOO and Defense ETFs
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  #663  
Old November 27, 2017, 10:03 AM
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BItcoin continues its wild fire. Mufi is RICH!
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  #664  
Old November 28, 2017, 01:55 PM
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Almost hitting $10k. Its crazy. Since I last posted, it went by more than 15%. Since you last posted, went up by 5-6% at least.

I should have sold it. But I am holding down. In fact doubled down and bought some more last week
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  #665  
Old November 28, 2017, 02:09 PM
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Get out Mufi. Now. You have made your gains. Sell them. Find something else.
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  #666  
Old November 28, 2017, 02:32 PM
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I have diversified the investments among bitcoin and few other cryptos. So even if bitcoin drops, I can manage the loss. I tried to hedge the risks as much as possible.

but you are right. maybe I should get out!
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  #667  
Old November 28, 2017, 02:41 PM
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I would keep it and watch how it pans out in 2018. You are already in it. Stop trading! Though you are probably playing the end leg. If you lose your money, you lose your money - it's not end of the world.

I regret not investing in this currency though following price fluctuations for years now and thought positively of its future.
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  #668  
Old November 28, 2017, 02:46 PM
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Quote:
Originally Posted by mufi_02
I have diversified the investments among bitcoin and few other cryptos.!
you diversified among crypto currencies? I am not sure that is diversification. Having cryptocurrency as let's say 5 to 10% of your overall portfolio would be diversification. I maybe wrong but I would stack all the cryptos as same ( i don't think one would go up while other will go down)... and would probably would not put my own money outside bitcoin or ethereum (and make sure some retailers are accepting this) but that's just me... Conservative.
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  #669  
Old November 28, 2017, 03:09 PM
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there are some that are much less volatile. and also has shorted some as hedges. so if the bottom falls out, I will profit from that and compensate for the losses in long positions. its not a complete hedge but will offset my losses quite a bit.

anyway I have already determined this to be my sunk cost. like gambling. if I lose, oh well too bad! but so far up around 45%. so can't complain.
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  #670  
Old November 29, 2017, 02:41 PM
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and here comes the anticipated sale off!!

fortunately, I did some shorting. so hopefully can make some on low prices.
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  #671  
Old December 1, 2017, 09:06 AM
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Quote:
Originally Posted by mufi_02
and here comes the anticipated sale off!!

fortunately, I did some shorting. so hopefully can make some on low prices.
https://www.investopedia.com/article...coins-2011.asp

here is a good article giving some history on volatility. i think bitcoin investing strategy should be: buy hold forget period.

Bitcoin is not going anywhere. That's what I would do.

For me, I like to think where will it be 3 years or 10 years from now, not where it will be tomorrow. I personally wouldn't buy it at current hoopla but i wouldn't sell it either if i had it - I however have a pretty high tolerance for down trends. But you make choices thats gonna make u sleep at night

I remember writing this.. and on this page psoted that 2013 my strategy post... I forsaw bitcoin as possible competition to credit cards lol

http://banglacricket.com/alochona/sh...&postcount=226

bit coin was at 13 dollars at that time.

Quote:
change in shopping habits who else to benefit, credit card companies, who is the best, master card, what is my risk... bitcoin (so u would keep some eye on it, ignore it most of the time, remember human are very slow to adapt but if a product is right ultimately with time it will take over
interesting.
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  #672  
Old December 1, 2017, 10:37 AM
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bah bah buzom frend ra mile to bhaloi to golpo sholpo jome utheche...hehe.... dujoner eto mil mohobbot?

amio "share" chai
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  #673  
Old December 4, 2017, 12:55 AM
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Idumb: I have Facebook, Amazon, Microsoft & CIBC in my portfolio. FB & Amazon for growth and Microsoft and CIBC for the steady dividends and growth. When do you think i should get out of FB and amazon ? I just bought into FB during the recent price drops and had amazon for a little over 6 months now. Want some advice from the resident financial guru.
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  #674  
Old December 4, 2017, 12:57 AM
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Also what stocks would you recommend buying if you want to invest 100k in stocks and get steady dividend income monthly without eroding too much of the capital.
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  #675  
Old December 4, 2017, 04:45 AM
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Quote:
Originally Posted by layperson
Idumb: I have Facebook, Amazon, Microsoft & CIBC in my portfolio. FB & Amazon for growth and Microsoft and CIBC for the steady dividends and growth. When do you think i should get out of FB and amazon ? I just bought into FB during the recent price drops and had amazon for a little over 6 months now. Want some advice from the resident financial guru.
Layperson!!! wow!!! You are ALIVE!!

I am just glad you have posted. Great to see you.

And congratulations on buying those stocks.. those are great solid picks. I don't know what CIBC though.

the christmas rally is on and it will likely continue till the end of the year and go beginning of 2018 as tax reform passes bar major blips.

As long as the over all market is positive, why get out? I am surprised you don't have apple in there.. that's also a solid stock for your goals..

100k is serious money. For your goal, maybe research some income generating potfolios, I havn't looked much into those.

you have so much options... the only thing i can suggest is always keep some cash on the side for opportunities and pour in increments instead of buying all at once... for example let's say you wanna buy 15K worth of master card - i would do maybe 5 transactions over a year or more to get to that level...instead of buying all at same. or you can simply index (u also get dividend indexing) but again in multiple multiple multiple increments.

Good luck and glad to see you.
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Last edited by iDumb; December 4, 2017 at 05:40 AM..
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