I'm going to learn how to trade...

[hmgROCK]

Again, depends as bitcoins have "produce" for some and there are other examples out there other than the Lambo guy...Like many investments out there, it goes up and down but fact is, it has "produce" big time for some...Certain ly way more than can't even get a single Mega Millions number correct during the last big drawing...

peter saddington, the dude who bought the lambo for 45 bitcoin (can't even verify, proven)
has a youtube channel call: decentralized tv
been saying and preaching that bitcoin was going reach all time high again in 2018 all year long

https://www.youtube.com/watch?v=WT2ZLeS6IA4

his viewer just eat that shti up like crazy
these newbie folks think it's a investment
and follow advice from some dude who make faces on his video and play sound noise
bitcoin has been down all year


look man,
if someone tell you you can make fast money
RUN

again

a dead clock is right twice a day
dude just got lucky

[theking]

peter saddington, the dude who bought the lambo for 45 bitcoin (can't even verify, proven)

It has been "proven"... Brandon Saszi, general manager of MotorCars of Georgia also backed up the Lambo transaction with CNBC:

“I’ve been in this business long enough that nothing really surprises you,” Brandon Saszi, general manager of MotorCars of Georgia, tells CNBC Make It of bitcoin buyers. “The only thing you’re thinking is, ‘Gosh I wish I was in on it.’”

And again, Peter Saddington is only one example of several...

these newbie folks think it's a investment
and follow advice from some dude who make faces on his video and play sound noise
bitcoin has been down all year

I wonder if he been called out for giving "bad investment advice" like on here too?? 

look man,
if someone tell you you can make fast money
RUN

again

Which is why when I see things like "I'm the hmong Nostradamus and is always right", I just shake my head and then laugh my azz off....

[hmgROCK]

Lol

A broken clock is right twice a day
Dude got lucky
Watch his recently video
Dude is pretty sad
You can see bags of sac under his eyes
I know he is down big time

All these YouTuber crypto
Alot of them lost sooo much money
They stop making videos now


They don’t have any fundamental

Its making not producing any goods or services,no interest, no backing, no profit or revenue, etc...

[theking]

Lol

A broken clock is right twice a day
Dude got lucky
Watch his recently video
Dude is pretty sad
You can see bags of sac under his eyes
I know he is down big time

All these YouTuber crypto
Alot of them lost sooo much money
They stop making videos now


They don’t have any fundamental

Its making not producing any goods or services,no interest, no backing, no profit or revenue, etc...

Doesn't matter as dude invested $115 for his bitcoins and able to cashed out a $200k Lambo with it so *FACT* is, it does "produce" for some...Like many investments, it doesn't work for all, but it does for some...just the facts!

[hmgROCK]

I buy lottery tickets for fun and giggles

Lol

Btw. Roth ira limit is $6,000
Since you seem to know more than me

Lol not

Anyway

Its all fun and game
With trading and investing
Just remember
You can lose it all

[Yebleng]

What do you guys think about that Robin Hood app? Have you used it and is it legit?

[hmgROCK]

What do you guys think about that Robin Hood app? Have you used it and is it legit?

hey brother,

yes, i used ROBINHOOD before
it is really real and legit
it has zero commission fee

what i mean by this is
when you usually buy stock, you paid a commission fee (brokerage fee)

FOR EXAMPLE:  apple stock is trading at $147 right now + $4.95 commission (if schwab is your brokerage)
so the total final price is actually:  $151.95
this is for both sell/buy
it is per transaction,so you can buy as many apple stock as you want,  FOR examplee:  $3000 + $4.95 commission
you can sell   $3000+ $4.95 commission
some people charges high commission fee ETRADE charges $6.95
these fee are a killer

some mutual fund has what is call a front loaded, maybe even a back loader,
where they can charge up to $50 per transaction.
so you already down $50 at the start
you want to invest in those that don't have a loading fee


robinhood don't allow you to buy mutual fund (collection of stock)
mostly just stock and ETF
so that's a downer, but now alot of mutual fund also have an ETF version so you can buy that too

also
a really important thing, is robinhood is just a regular taxable brokerage account
you should really be putting it in a ROTH IRA somewhere else that offer them
you should be maxing your ROTH IRA $6,000 first
because all captial gains are tax free, where robinhood, you going get hit with a bill from uncle sam

[hmgROCK]

here's a better article good at explaining what loading fee are
i see a lot NEWBIE, and even pro people getting hit with these fee
if you despot $100 and there's a $50 loading fee, you are down 50% right off the bat
hard to come from this,
you just need to find investing that has no loading fee



https://www.investopedia.com/ask/answers/125.asp

Load Mutual Fund

A load mutual fund charges you for the shares purchased plus an initial sales fee. This charge is anywhere from 4% to 8% of the amount you are investing, or it can be a flat fee, depending on the mutual fund provider. For example, if you invested $1,000 into a 5% load mutual fund, you would actually be investing only $950, with the remaining $50 going to the company as a commission.

There are a couple different types of load funds out there. Back-end load means the fee is charged when you redeem the mutual fund shares. With a front-end load fund, the fee is charged up front.
No-Load Mutual Fund

Shares in a no-load fund can be bought or redeemed after a certain length of time without a commission or sales charge. However, some companies, such as banks or broker-dealers, may charge their own fees for the sale and redemption of third-party mutual funds. Also, most no-load funds charge fees if you redeem them early (usually within the first five years), but if you are a long-term investor, there is no need to worry.

Most people recommend trying to avoid load funds altogether. Many studies have shown both types of mutual funds offer the same return, but load funds charge you a commission fee.

[Yebleng]

Ok. I'm going to open an account and put some money into it. What should I buy?

[YAX]

I don't want to work anymore..


in 5 years I don't want to be working.

Easiest trade to get into is trading a woman's services for money.  It's also known as pimping.  You'll do great in the biz. 

[hmgROCK]

Ok. I'm going to open an account and put some money into it. What should I buy?

have you max out your ROTH IRA  
you still have time to do the 2018 $5,500
and the new year 2019 $6,000  just started

so about $11,500 total

you can open a ROTH IRA at any of the brokage below

VANGUARD, FIDELITY, OR SCHWAB

pick one you want
than just invest in one of their target date index
let me know which one you brokerage you choose


the reason why is because all gains are tax free in a ROTH IRA
where if you just do it on ROBINHOOD, you will get hit with a captial gain tax when you do your tax