PebHmong Discussion Forum

General Category => General Discussion => Topic started by: thePoster on December 30, 2018, 06:16:28 AM

Title: I'm going to learn how to trade...
Post by: thePoster on December 30, 2018, 06:16:28 AM
I don't want to work anymore..


in 5 years I don't want to be working.
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 30, 2018, 03:55:57 PM
Glad to see that you are interested in investing
This is how the white man makes money
While we are poor



Since you are kinda of a noobie

I would recommend your get a passive target date index
And just dollar cost averaging $200-300 every month

When you retired at 65 years ago
You should have close to a million
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 30, 2018, 04:11:26 PM
https://investor.vanguard.com/mutual-funds/profile/performance/vffvx


A really easy, low cost, passive
No daily trading, no worry
Low fee

11% annually since the fund was created


Just put $300-400 every month

Invest in a roth ira
All gains are tax free
Title: Re: I'm going to learn how to trade...
Post by: Yebleng on December 30, 2018, 08:12:25 PM
I want to start trading to. But I'm a visual learner and I need someone to sit down and show me step by step :P
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 30, 2018, 11:17:07 PM
I want to start trading to. But I'm a visual learner and I need someone to sit down and show me step by step :P

I made a visual picture way back
Teachings you how to trade stock/mutual fund etc...

Again I don’t recommend you buy single stock
Keep word is: diversified
Herr im buying over 3000 plus companies stock

You dollar cost averaging in
$200-500 every month
(https://i.imgur.com/0D0OuXQ.jpg)
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 30, 2018, 11:31:23 PM
Stick to a target date index
And just invest $200-500 every month im

Don’t panic and sell

Just keep investing

It’s passive, slow, easy,
You will be a millionaire if you keep it for 35 tears
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 30, 2018, 11:32:56 PM
check out my boy....I'm not very smart, so I just give my funds to this guy to invest for me..haha


https://www.youtube.com/watch?v=pKCjvTqerjI (https://www.youtube.com/watch?v=pKCjvTqerjI)

Omg

For F sake
Do not buy bitcoin/ crypto

It doesn’t produce anything
Title: Re: I'm going to learn how to trade...
Post by: thePoster on December 31, 2018, 12:16:12 AM
Glad to see that you are interested in investing
This is how the white man makes money
While we are poor



Since you are kinda of a noobie

I would recommend your get a passive target date index
And just dollar cost averaging $200-300 every month

When you retired at 65 years ago
You should have close to a million

Well I already have an investment account and by 65 I will have at least 1 mill but I dont want to wait till 65 to start enjoying financial freedom.
Title: Re: I'm going to learn how to trade...
Post by: theking on December 31, 2018, 12:17:04 AM
When you retired at 65 years ago
You should have close to a million

Stick to a target date index
And just invest $200-500 every month im

Don’t panic and sell

Just keep investing

It’s passive, slow, easy,
You will be a millionaire if you keep it for 35 tears

Why do all that work and wait for all those years to be a "millionaire" when you can just buy a lotto ticket and be a "millionaire" now since you're "the hmong Nostradamus and is always right"?  ???

I'm sure your fellow member would appreciate the winning lotto numbers as well...vs. doing all of those work and wait "35 tears" or wait til he's "65 years ago"...
Title: Re: I'm going to learn how to trade...
Post by: theking on December 31, 2018, 12:46:31 AM
Omg

For F sake
Do not buy bitcoin/ crypto

It doesn’t produce anything

Depends...some have "produce" quite a bit for some ...:

Quote
This crypto-millionaire bought a Lamborghini for $115 thanks to bitcoin

Published Wed, Feb 7 2018 • 11:47 AM EST


Last fall, the dealership also got a visit from Peter Saddington, a seemingly unassuming 35-year-old coder who is neither a rapper nor a celebrity.

He caught the attention of the dealership though — and the internet — by cashing in 45 bitcoins to drive away with a $200,000 2015 Lamborghini Huracan with a white matte wrap and race exhaust features. Thanks to an early interest in cryptocurrenci es, buying those 45 bitcoin cost Saddington less than $115.


(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcR4qwdNkhwiRim8ZANufsmY56HNBhu84i7j-2VrQhlf1JSJKYgW)

(https://img.youtube.com/vi/yY86vH7z9qA/hqdefault.jpg)
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 31, 2018, 07:54:39 AM
Well I already have an investment account and by 65 I will have at least 1 mill but I dont want to wait till 65 to start enjoying financial freedom.

trading is hard, man
you are completing with all these supercomputer that can read news/react/trade/etc...
wayyyyy faster than your brain can process
these supercomputer has algorithms they follow and ton of cash to back it

it is rigged

(https://akm-img-a-in.tosshub.com/indiatoday/images/story/201605/super-computer-647_052716105409.jpg)


big mac daddy warren
one of the most successful trader/investor
just buy value company and HOLD forever
that's how they really make money
they not looking at 6-12 months
but 10-20 years

(https://www.theceolibrary.com/wp-content/uploads/2017/11/warren-buffett-books.jpg)


Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 31, 2018, 08:11:39 AM
theposter


you should think about buying some facebook stock $133
it has drop down a bit due to data/privacy
but the value is still there
still tons of user and ads revenue

you should be able to make a quick buck on this one by the summer

you're welcome
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 31, 2018, 08:22:03 AM
Depends...some have "produce" quite a bit for some ...:


even a dead broken clock is right twice a day
dude got lucky trying to use bitcoin to buy weed back in the days
his youtube channel "decentralized TV" consist of making faces and telling you to buy bitcoin
which don't even produce any product, no interest, revenue, etc...



(http://marshallramsey.com/wp-content/uploads/Broken-clock.jpg)
Title: Re: I'm going to learn how to trade...
Post by: theking on December 31, 2018, 11:39:22 AM
trading is hard, man

It's definitely "hard" compared to just buying lotto...Which is why if you really want to help your fellow member, just give him the winning numbers to the lotto since you're "the hmong Nostradamus and is always right"..
Title: Re: I'm going to learn how to trade...
Post by: theking on December 31, 2018, 11:43:26 AM

even a dead broken clock is right twice a day
dude got lucky trying to use bitcoin to buy weed back in the days
his youtube channel "decentralized TV" consist of making faces and telling you to buy bitcoin
which don't even produce any product, no interest, revenue, etc...

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...
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 31, 2018, 01:10:08 PM
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 (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
Title: Re: I'm going to learn how to trade...
Post by: theking on December 31, 2018, 03:05:44 PM
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...

Quote
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??  ???

Quote
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.... ;D ;D ;D
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 31, 2018, 03:43:49 PM
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...
Title: Re: I'm going to learn how to trade...
Post by: theking on December 31, 2018, 04:10:09 PM
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!
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on December 31, 2018, 08:50:59 PM
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
Title: Re: I'm going to learn how to trade...
Post by: Yebleng on January 07, 2019, 07:41:21 PM
What do you guys think about that Robin Hood app? Have you used it and is it legit?
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on January 08, 2019, 06:49:54 AM
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
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on January 08, 2019, 07:10:12 AM
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 (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.
Title: Re: I'm going to learn how to trade...
Post by: Yebleng on January 08, 2019, 09:45:37 AM
Ok. I'm going to open an account and put some money into it. What should I buy?
Title: Re: I'm going to learn how to trade...
Post by: YAX on January 08, 2019, 10:11:12 AM
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.  O0
Title: Re: I'm going to learn how to trade...
Post by: hmgROCK on January 08, 2019, 11:21:48 AM
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