/biz/ - Business and Finance

buying the peak of the bubble, indeed you are stupid. you should cut your losses ASAP. stay in cash (maybe pick up some physical silver because banks are already near-insolvency) and buy back at the bottom.

>>949

It was my first investment. I should have done more research.

>>950

don't beat yourself up over it toooo much, we're at a very bizarre point in history. pretty much all the fundamentals we're taught have been thrown out the window, our entire economy operates on a fallacious (and dastardly) principle of interest rates and constant inflation; we may be seeing the acceptance of defeat RIGHT NOW, in 2016. You're in the wrong place at the wrong time.

You should really just sit in cash for now, or buy some physical silver. Fiat policy all over the globe is failing and the $USD is the linchpin of all that. The US stock market currently tanking is a precedent of the $USD losing its exalted position in the global economy. Buy when there's blood on the streets.

You should really not be going long any paper assets right now. This image >>732 pretty much explains it all, the more the inverted pyramid grows, the more likely it is to fall.

>>951

You're quite the doom sayer. It wasn't too huge of a loss for me, thankfully. I'm just starting out so I'm trying to play it safe. It was a good learning experience at least.

I'm going to sell this off and buy it back as an ETF when it comes back. Mutual funds seem to be more for the long term type of investor that doesn't care about economic trends. I'll also look into more stable investments such as bonds and precious metals.

>>952

when i say RIGHT NOW i'm not fucking around

https://finance.yahoo.com/echarts?s=^GSPC

just look at the past 20 years and tell me it'll stay where it is, from where we are now this nation could at the very LEAST lose 3/5 its wealth. and it's almost pure fantasy that it'll keep going up, on a fucking 45* slope i mean come the fuck on that is straight retarded over seven straight years. start making a list of stocks you want to own now, and watch. it'll bounce and stutter at 1500, then dump to 1000.

and yeah, ETFs are much easier to trade, different rules and less fees.

Wow the stock market is getting slammed. I wonder how far it will dip. Maybe it will be a good buying opportunity.

>>995

next resistance is 1750, it's going to keep going down.

>>997

>buying paper gold

you are a tard. if you've only got a couple hundred to invest, go buy yourself some physical silver rounds.

if you got a couple thousand, buy miners.

>>998

Or FNV - exposure to mining but with much less risk. They get guranteed royalties from production without the inherent risk of mining and exploration.

Have you taken any short positions such as SDS?

>>999

Not really, I've been practicing with put options recently, gonna see this coming week whether I lost my initial capital or multiplied it.

I'm not very wealthy to begin with so most my savings are in physical assets. I only keep money on the markets that I'm willing to gamble with.

>>1002

That where I am. I'm hoping do try out some puts in the near future.

..

Some thoughts on gold where gold may be going and forecasts in general: http://www.mining.com/web/gold-stock-upside-targets/

>>1003

yeah if you have less than $1k just buy a bunch of silver eagle rounds. it really is a more efficient way to save than having a bank account given the current zero-interest environment. you should have ~10k in capital if you hope of making a living daytrading.

silver/gold are good to own right now, just make sure it's physical metal you can hold and not paper ETF's.

http://jlcollinsnh.com/2012/04/29/stocks-part-iv-the-big-ugly-event/

>Ironically, a crash at the beginning of your investing life is a gift.

I fell off a cliff the second I started investing. I know that this can be an opportunity, so I'm waiting for the right time to buy back. Right now I'm on 100% bonds which for someone as young as me is probably a bad idea. I put 11k into VTSAX, dumped it with a 1k loss, then put 10k into bonds. I also have 10k in cash.

I originally started investing because I was stressed over having money sitting in the bank that I wasn't doing anything with. So I stumbled upon MMM and decided to open a Vanguard. Since then I've been watching the market everyday and pouring over info about investing. So far I've only lost money and it's kept me up at night, but I'm still happy overall. I've learned a lot and I'm still confident it will benefit me in the long run.

When I feel like it's the right time, I'm going to sell most of these bonds and get a bunch of VTI. My goal is to ride that through a bull market.

>>1005

Do you need cash for a down payment on a house in the near future? Short term T bills or CDs will have shit returns but are a safe way to hold your cash till then

>>1006

I've been wondering about that. I still live with my parents. It's hostile here but I'm bearing through it for the sake of frugality. I want to move out but I don't see it being feasible. Getting a house would be expensive, put me in debt, and prevent me from investing. Renting would be a money sink with no returns.

My parents bought a house on a loan during the housing bubble. Then they both lost their jobs due to the recession. That's the kind of environment I grew up in and I don't want that to happen to me. I'm paranoid about taking any kind of debt. I also have no credit.

It's a bad situation to be in. I'm probably going to try getting a tiny apartment and splitting the rent.

>>1007

Are you employed and have a bunch of W2 forms saved? With those you can qualify for a mortgage, down payment of $10-15k, then you pay ~$450/mo until the house is paid off, usually 5+ years. mortgages are way more efficient than rent, though you also have to be willing to rent the house yourself if you plan on moving out. you can use rental income to pay a mortgage though.

if you look into mortgages get one at a fixed interest rate, 5/1 ARMs and variable rates in general will fuck you randomly, fixed rates are what you want. lots of people bought homes on $0 down @ 2% interest ARMs (adjustable-rate mortgage), that would jump to something like 7% a few years later, people couldn't afford the increase and were foreclosed on.

fixed rate loan. variable rate loans are unpredictable and will fuck you.

mortgages work just read the fine print ffs.

>>1007

If you want a fail-proof investment for that cash pick up one of these http://www.providentmetals.com/2015-american-silver-eagle-monster-box-500-1-oz-bullion-coins.html

highly unlikely the price will go under $12/oz. it's a much better long-term hold than the stock market AND it's way easier to handle as well, just save the receipt.

If you want your money to make money NOW start daytrading nigga that's the only real way. For people starting out wanting to 'go long', give it a year and just wait & save your money. I wanna buy BABA at $10-20, maybe it'll get there :)

>>1011

I got a "1099-MISC" from work. I'll make sure to get a fixed-rate loan. Then there's the question of where to get a house. I don't know where to begin looking.

>>1013

You really like your silver. I'm going for the long term. Daytrading seems risky.

>>1015

any form counts so long as you can legally prove having a constant income.

look at this

http://www.realtor.com/realestateandhomes-detail/Little-Rock_AR_72202_M77360-82772

with a 16,900 down payment, $611/mo for 15 years and then you own that place. and that's by their terms so you know it's overpriced, you could haggle that house to 65k at 2% very easily.

and yeah i do like silver, bottom is $12, most recent peak was $48 five years ago. stupid easy way to save/invest immediate wealth if you can appreciate its price.

>>1016

actually i'm mistaken, you could get 50-65k deal if you paid in cash, if you're taking a loan probably 70 something.

dare you to do this one

https://fortwayne.craigslist.org/reo/5404926893.html

>>1016

>Year built: 1924

I don't need one this big. I like the price though.

>>1017

Wow I could get this without a loan. But would it even have Internet access?

>>1016

keep in mind the location. it's in a rough, undesirable location and being separated by the interstate cuts it off from the gentrification going on elsewhere

yeah there are better houses you just have to look for them, I used that realtor.com one for the mortgage example.

>>1019

It would if you paid for it to get hooked up. That's actually a pretty rad deal, $15k for a developed half-acre, right next to a highway leading straight into a larger city. It really depends on how old the septic/city water pipes are, and how hard it'd be to build something else there. Call them and ask. I might if I get my shit together.

>>1028

>In need of rehab

>3 beds 2 baths

>Built in 1949

I heard the winters are brutal in Montana.

>>1028

yeah you really have to go to the property itself and make sure it's worth what they're asking. you could probably offer 10k cash and get a deal. which for a developed land is a great deal, those are usually $30k+ depending on acreage and location. if the trailer's livable for another decade would be easy to save up the cash to build an actual house there. and the location doesn't seem bad looking at google maps.

if it's on city utilities, and they've been built/replaced within the past 10, 15 years that's not a bad deal. of course buyer beware, could go there and find out some trees rooted through all the septic plumbing or whatever and have to dig up/replace all that for another 10k. maybe it's abandoned and the pipes inside the trailer burst and flooded/rotted the inside, who knows. gotta go look at it.

anyway yeah, fixed rates are what you need especially in a volatile market like we've got today. wait for the stock market to crash, then i bet you'll be able to get some realllly good terms on a mortgage, and so long as your job is secured you can stay at a fixed 1-2% rate as your wages increase via inflation, win-win.

good advice on the credit as well, i should probably start using my cc again, there's a several year gap in my borrowing history. fed must hate me.

Buying HL was a good idea. I wonder whether to buy, sell, or hold.

I hope we get a recession.

>>1059

hold. bottom was 1.52 back in the '08 panic. unlikely to fall under 1.50.

most PM stocks rose with gold. it could dip back towards $2, but assuming the company doesn't go broke you're geared to get ~%500 return over the long run.

i'm just invested in this as far as my metals investing goes (and some physical in my basement) https://finance.yahoo.com/echarts?s=VGPMX

gonna enjoy dumping that ~$40. hoping to load up on some more around 6.50.

>>1060

also should note, gold/silver tanked during the '08 crisis and likely will again in this one. so ya know. keep that in mind, maybe keep some extra cash on hand to buy more in case panic sets in.