Reymedy
ne craint personne
since it's drifting away from the subject, I won't reply to what you could possibly add, if you want to go on, PM me.Reymedy
How is a moderator allowed to respond so crudely? I thought this place had a bit of class. Just because your idea sucks and would do WORSE than buying a simple index fund doesn't give you green light to respond like you're 100% correct on a subjective topic.
What the with me being mod ? I cant say things as I think them, unlike the other users ? I have to take gloves to keep you from harm, while you directly attack my posts ? Don't be ridiculous, and don't bring the "mod" thing again please. I'm treated as every other user on Smogon.
And then you say that my idea "sucks" when you don't even understand it in the first place. And that's why it pissed me off to read your post. You don't even understand my approach. Worse, you don't even TRY to understand.
You read some article about finance from Whatever Buffet and you want to show it, thats what your post was all about.
Alright cool, but don't shoot my post down behind your article, if we're not even talking about the same thing.
The point of investing is not to have fun you jackass, it is to make money. There is nothing funny about it. Some people understand value of money. You need to be careful what you recommend. You say is he gona be a broker?! Then you suggest he actively invests and makes monthly statements.
No
you're dead wrong.
The point is not ONLY to make money. The point of my post is not ONLY to make money, the OP is not interested in ONLY making money.
Someone who is 16 shouldnt be interested in ONLY making money.
If you think there's no fun to find in market finance then I'm wondering "why are you posting" ? Why did you read that Whatever Buffet article ? Did you ever study market finance ?
Because honnestly, if you don't see any interest other than money in market finance, why would you have any relation to the subject in the first place ?
You say it yourself "even a monkey could do it". Well, you want him to be a monkey, I don't. I have a more informative approach to offer to the OP. I want him to understand what is going on, I want him to LEARN something from a subject that he seems to be INTERESTED in.Because that's a really good subject to be interested in. It's not everybody who has an growing passion for market finance, I want him to EXPLORE this passion. Not to kill it in the egg by encouraging to act like a market sheep and follow Whatever Buffet guy without understanding why.
I never said actively, if you think that's being active reading newpapers sometimes and checking a bunch of figures every month, then you're a god damn lazy dude and I hope I'm never gonna work with you. If that's how you treat your hobbies, I don't want to see how much time you put in your work.
Also you point out he's not old and isn't saving for retirement. He's young. He has time. That's the formula for building wealth with index. Look at Chou's graph. If the op were to add money to an index each month he'd amass a nice chunk of change and would secure his own future.
Ok.
Here is a missconception.
I'm gonna make it clear.
The dude is not trying to invest his sleeping money to get it back in 50 years.
HE
IS
NOT.
Unless I'm wrong,then by all means, say it Professor Birch. And in this case, just invest in some whatever thing that is good for people going for the extra long term. I thought that you'd be interested in watching how the stocks would go, how the companies related to the stocks would perform, like it is a hobby for so many people, including myself. Maybe I was mistaking.
Your ideas are good. Don't trade often, cut costs, spread the risk. But in his case it's not practically useful. The money he would spend on load fees and online broker costs would eat all of his profits since he wouldn't be investing much to start with. The only reason for him to invest in stocks would be as a learning experience. Just to start an account he'll need $500+. I don't know where you're getting this cute idea that he might invest 100 bucks and lost 20%. Add in your broker fees and load fees and you can go ahead and mark that up to 30%+ loss.
Yea, I assume learning experience at 16 is way more profitable than whatever return on investment an index could offer over a year. And if you don't agree with that, then it saddens me a lot, honnestly.
He already invested in Nintendo's stocks anyway, so you act like it's impossible to invest in stocks for him, when he already could. I'm just saying, why don't you split the money you put in Nintendo in, say, 3 companies with different levels of risk, and then study the evolutions. It's not more complex than that.
Investing in stocks makes sense when you have money to invest AND money to lose. IMHO if you've got 100K in cash then yeah playing stocks makes sense. Playing stocks with small amounts of money is just a waste of time.
Nothing is a waste of time, it's just that you didn't figure out of to take benefit from it quite yet.
Especially if it's to say "you're a meanie", or "your idea sucks".
Thanks.