Is this directed at me? If so, WAT????what would you have earned if you put your money in the s&p?How much money do you have personally invested in this "Eminence" fund? And specifically which stocks do you have you money in and in what percentages?For all of you who were curious but not quite man enough to invest in the Eminence Fund here's the monthly report:
Twitter (45.62) (60.57) / +32%
Walgreens (56.40) (59.89) / +6%
3D Printing (DDD) (76.84) (92.17) / +19%
Verizon (49.04) (48.53) / -1%
T-Mobile (26.46) (32.60) / +23%
Amazon (388.35) (395.80) +2%
We're currently up 13%, I've got a few more GNARLY picks for anyone who is looking to ride the wave! Just let me know and we can pool something together.
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Whatever guys, thread open. (1 Viewer)
- Thread starter Eminence
- Start date
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Mario Kart
Footballguy
Don't think so. I forget but someone in this thread or something was pimping the S&P... has he bought strictly into the S&P, that index did much better than our Eminence fund. He might have been asking what the S&P is up YTD.Is this directed at me? If so, WAT????what would you have earned if you put your money in the s&p?How much money do you have personally invested in this "Eminence" fund? And specifically which stocks do you have you money in and in what percentages?For all of you who were curious but not quite man enough to invest in the Eminence Fund here's the monthly report:
Twitter (45.62) (60.57) / +32%
Walgreens (56.40) (59.89) / +6%
3D Printing (DDD) (76.84) (92.17) / +19%
Verizon (49.04) (48.53) / -1%
T-Mobile (26.46) (32.60) / +23%
Amazon (388.35) (395.80) +2%
We're currently up 13%, I've got a few more GNARLY picks for anyone who is looking to ride the wave! Just let me know and we can pool something together.
Ignoratio Elenchi
Footballguy
There are a few things to consider with this, but the first thing to point out is that a Roth IRA isn't an investment in and of itself. It's just a kind of account. "Put money in a Roth IRA and sit back and watch" is basically like saying "Put money in an etrade account and sit back and watch." In both cases the money would just be sitting there doing nothing. Once you put the money in the Roth IRA, you have to invest it in something.
⚡DEADHEAD⚡
Footballguy
Yeah, we're talking about chump change here regardless of the % increase. Eminence should be investing time into improving his earning potential, not wasting time on these message boards.
$90 after 8 hours. That's minimum wage.
Mario Kart
Footballguy
Yes, you pick a fund of some kind. I have a Vanguard fund set up. I'm more looking at long term rather than a "quick buck". But, if we are talking investments, a ROTH is an investment that should earn money.
Cliff Clavin
Footballguy
This is why you need to take cash advances on your credit cards. Think of how much you would have made! But like a sucker, you're losing money even when you pick the winners. You're obviously gifted when it comes to the market so I don't understand why you're holding back.
Before you take advances on your current cards, you should apply for as many cards as you can at the same time. Even with your low net worth, you should be able to get a dozen cards or so with limits of $1000+. Within a few weeks you could have $10K+ to use in the market.
Ignoratio Elenchi
Footballguy
Again, "a ROTH" isn't an investment. A Roth IRA is a type of account you can deposit money into, and once the money is in there you can use it to invest in something.
Mario Kart
Footballguy
I get that. I'm just saying the "safest" way to build money, other than a bank account is to place your money into a Roth IRA account and invest it that way. You're confusing something that is simple. Build up your a Roth account and play with left over money, if any.
Ignoratio Elenchi
Footballguy
I am in school for Accounting. I should have my Associates by November - December this year
Until then, I can't do much better than the $11.50 an hour I'm making. Unless I want to work in a factory.
I'm open to suggestions.
Even that was misleading though. I took the average of each stocks increase without accounting any specific %'s for each stock selection.Don't think so. I forget but someone in this thread or something was pimping the S&P... has he bought strictly into the S&P, that index did much better than our Eminence fund. He might have been asking what the S&P is up YTD.Is this directed at me? If so, WAT????what would you have earned if you put your money in the s&p?How much money do you have personally invested in this "Eminence" fund? And specifically which stocks do you have you money in and in what percentages?For all of you who were curious but not quite man enough to invest in the Eminence Fund here's the monthly report:
Twitter (45.62) (60.57) / +32%
Walgreens (56.40) (59.89) / +6%
3D Printing (DDD) (76.84) (92.17) / +19%
Verizon (49.04) (48.53) / -1%
T-Mobile (26.46) (32.60) / +23%
Amazon (388.35) (395.80) +2%
We're currently up 13%, I've got a few more GNARLY picks for anyone who is looking to ride the wave! Just let me know and we can pool something together.
The Eminence Fund could have easily outgained the S&P, I believe.
Mystery Achiever
Footballguy
Agree, You cannot say that it should earn money without knowing what investments are in it. It is fair to say, however, that the same investment held inside Roth IRA should net more than that same investment in a regular, taxable account simply because gains are not taxable. I guess that technically makes it safer, but safety is more about the type of investment than the type of investment account.
It makes sense to fund the Roth IRA before a regular, taxable account because of the tax advantage, but again, we are comparing investment vehicles, not investments.
Ignoratio Elenchi
Footballguy
The gains in a Roth IRA are not taxable as long as you don't take them out before you're 59 1/2 years old (or whatever the other conditions are).
There are pros and cons to using a Roth IRA as an investment vehicle. It doesn't sound like Mario Kart really understands what a Roth IRA is (and isn't).
TheIronSheik
SUPER ELITE UPPER TIER
TheIronSheik
SUPER ELITE UPPER TIER
Made some nice moves, my total investments are up 27% READ BELOW:
(EXCLUDES MY 10% GAIN ON WALGREENS)
1.) I woke up to find that my ONVO stock was still bleeding, so I had to sell it off.
BOUGHT 8 SHARES @ $9.69 per share
SOLD 8 SHARES @ $8.65 per share
NET: (8.32)
-
2.) My HEMP stock is having quite a run!
BOUGHT 761 SHARES @ $.045 per share
CURRENTLY WORTH $.070 per share
NET: $19.025 (55% GAIN)
-
3.) My HEMP stock was doing so well, that I actually snagged some more of it!
BOUGHT 880 SHARES @ $0.0644 per share
CURRENTLY WORTH: .07 per share
NET: $4.92 (9.3% GAIN)
-
So far from all my transactions (excluding transactions fees which I will touch base on in my next post):
INITIAL INVESTMENT: $34.245 + $56.32 = $90.56
CURRENT WORTH: $114.87
NET: $24.31 (27% GAIN)
(EXCLUDES MY 10% GAIN ON WALGREENS)
1.) I woke up to find that my ONVO stock was still bleeding, so I had to sell it off.
BOUGHT 8 SHARES @ $9.69 per share
SOLD 8 SHARES @ $8.65 per share
NET: (8.32)
-
2.) My HEMP stock is having quite a run!
BOUGHT 761 SHARES @ $.045 per share
CURRENTLY WORTH $.070 per share
NET: $19.025 (55% GAIN)
-
3.) My HEMP stock was doing so well, that I actually snagged some more of it!
BOUGHT 880 SHARES @ $0.0644 per share
CURRENTLY WORTH: .07 per share
NET: $4.92 (9.3% GAIN)
-
So far from all my transactions (excluding transactions fees which I will touch base on in my next post):
INITIAL INVESTMENT: $34.245 + $56.32 = $90.56
CURRENT WORTH: $114.87
NET: $24.31 (27% GAIN)
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I did a little research after getting pissed off with these transaction fees and have discovered a website called http://www.tradeking.com
1.) Their transaction fees are only $4.50 versus $7.95 Fidelity charges.
2.) If you transfer your brokerage account to them, they will reimburse you up to $150 in service charges! So I'm going to get $31.80 back that Fidelity charged me in transaction fees which means so far...
I'm up 27% on my investments!
1.) Their transaction fees are only $4.50 versus $7.95 Fidelity charges.
2.) If you transfer your brokerage account to them, they will reimburse you up to $150 in service charges! So I'm going to get $31.80 back that Fidelity charged me in transaction fees which means so far...
I'm up 27% on my investments!
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TheIronSheik
SUPER ELITE UPPER TIER
Card Trader
Footballguy
Can you list out all your transaction fees too please? Thanks.
Compelling stuff here
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PURCHASE HEMP ($7.95)
Can you list out all your transaction fees too please? Thanks.
Compelling stuff here
PURCHASE ONVO ($7.95)
SELL ONVO ($7.95)
PURCHASE HEMP ($7.95)
Going to get that reimbursed through tradekings.com
Card Trader
Footballguy
You don't have to have a minimum balance to get their promotions? Might wanna read the fine print. Also, Tradeking seems to have a transfer fee promotion, but I don't see a transaction fee promo.PURCHASE HEMP ($7.95)
Can you list out all your transaction fees too please? Thanks.
Compelling stuff here
PURCHASE ONVO ($7.95)
SELL ONVO ($7.95)
PURCHASE HEMP ($7.95)
Going to get that reimbursed through tradekings.com
You are in over your head.
hxperson
Footballguy
well, on the bright side, its not like he's actually putting any money at risk.You don't have to have a minimum balance to get their promotions? Might wanna read the fine print. Also, Tradeking seems to have a transfer fee promotion, but I don't see a transaction fee promo.PURCHASE HEMP ($7.95)
Can you list out all your transaction fees too please? Thanks.
Compelling stuff here
PURCHASE ONVO ($7.95)
SELL ONVO ($7.95)
PURCHASE HEMP ($7.95)
Going to get that reimbursed through tradekings.com
You are in over your head.
Card Trader
Footballguy
I probably shouldn't have said anything and he could have transferred, paid a transfer fee and not gotten any transaction fees back, could have added to the hilarity/sadness of this thread.well, on the bright side, its not like he's actually putting any money at risk.You don't have to have a minimum balance to get their promotions? Might wanna read the fine print. Also, Tradeking seems to have a transfer fee promotion, but I don't see a transaction fee promo.PURCHASE HEMP ($7.95)
Can you list out all your transaction fees too please? Thanks.
Compelling stuff here
PURCHASE ONVO ($7.95)
SELL ONVO ($7.95)
PURCHASE HEMP ($7.95)
Going to get that reimbursed through tradekings.com
You are in over your head.
You're right, I have to be transferring an account of $2,500 or more. That's ####### bull####.You don't have to have a minimum balance to get their promotions? Might wanna read the fine print. Also, Tradeking seems to have a transfer fee promotion, but I don't see a transaction fee promo.PURCHASE HEMP ($7.95)
Can you list out all your transaction fees too please? Thanks.
Compelling stuff here
PURCHASE ONVO ($7.95)
SELL ONVO ($7.95)
PURCHASE HEMP ($7.95)
Going to get that reimbursed through tradekings.com
You are in over your head.
Cliff Clavin
Footballguy
CREDIT CARD CASH ADVANCES.You're right, I have to be transferring an account of $2,500 or more. That's ####### bull####.You don't have to have a minimum balance to get their promotions? Might wanna read the fine print. Also, Tradeking seems to have a transfer fee promotion, but I don't see a transaction fee promo.PURCHASE HEMP ($7.95)
Can you list out all your transaction fees too please? Thanks.
Compelling stuff here
PURCHASE ONVO ($7.95)
SELL ONVO ($7.95)
PURCHASE HEMP ($7.95)
Going to get that reimbursed through tradekings.com
You are in over your head.
siffoin
Footballguy
So at this point you've got PAPER profits of $24.31. And REAL losses (ONVO loss + transaction fees) of -$40.12.
Tip: Pink Sheet stocks are extremely volatile and wildly manipulated by the MM and pumpers. Lickity Split and this thing could just as easily drop far below your purchase price.
Tip: Pink Sheet stocks are extremely volatile and wildly manipulated by the MM and pumpers. Lickity Split and this thing could just as easily drop far below your purchase price.
TheAristocrat
Footballguy
Leroy Hoard
Footballguy
Pete Townshend must be rolling in his grave.
Mario Kart
Footballguy
Man, that 27% is looking good now.
The only positive thing I've got going for me is this:
761 shares bought at $.045 each
$32.24 + $7.95 transaction fee ($40.19)
Current value = $53.27 - $7.95 transaction fee ($45.32)
$45.32 - 40.19 = $5.13 profit (12.7% gain)
-
Going to transfer that to my bank account and either:
A.) Use it to pay off some of my credit card debt.
B.) Reinvest it on the 27th of February when $160 of my Walgreens stock becomes available to trade.
761 shares bought at $.045 each
$32.24 + $7.95 transaction fee ($40.19)
Current value = $53.27 - $7.95 transaction fee ($45.32)
$45.32 - 40.19 = $5.13 profit (12.7% gain)
-
Going to transfer that to my bank account and either:
A.) Use it to pay off some of my credit card debt.
B.) Reinvest it on the 27th of February when $160 of my Walgreens stock becomes available to trade.
siffoin
Footballguy
Speaking from experience- There are a number of legal hurdles you will need to jump through in order to take money and invest for people. First of all I doubt you are a Registered Financial Adviser...so right there you are going to be limited to the legal laws of your state. Most of which limit these types of account to "Friends and Family" with a maximum of 15 "investors". You'll want to set up some type of legal entity like a LLLC Partnerhsip from which you can act as the General Manager and receive a % of all profits. The cost of creating such an entity, registering with your state and the IRS will be approx $2000 on the low end but most likely $3500+. You'll also want to have an accountant involved to help with the setup of your general bookkeeping. When I did this a few years ago that cost was approx $1000. You'll need to have that completed and partners aboard BEFORE you can set up a bank account from which you can then fund the trading account for the entity. Assuming you could start today you could probably make your first trade in about 12-16 weeks. I'm sure I'm missing a few things but just ask the attorney. Dont take these steps and you set yourself up for getting sued by your partners or possible jail time for fraud.
Mario Kart
Footballguy
SacramentoBob
Footballguy
The amount of work put into this shtick is phenomenal.
Mario Kart
Footballguy
HARD DELETE!
One week of investing down the drain here. The proposed 100% gain every week is not going as planned.
HARD DELETE!
One week of investing down the drain here. The proposed 100% gain every week is not going as planned.
HARD DELETE!
Captain Quinoa
Footballguy
Pump the brakes?
You mean gently put my foot on the ground to keep the tricycle from rolling off the curb?On a more serious note fellas, things might become a bit more interesting over the next two-months. The following dates are important:
February 27th: $160 in Walgreens Stock becomes available for me to sell.
March 31st: $400 in Walgreens Stock becomes available for me to sell.
April 31st: $400 in Walgreens Stock becomes available for me to sell.
...and so forth.
If you ignore the transaction fees, what I've done with this HEMP stock has been fairly impressive:
.045 purchase price versus current price of .070 (55% Gain)
.065 purchase price versus current price of .070 (7% Gain)
My portfolio is only worth $715 right now.
On February 1st, it'll be worth $1,200.
On March 1st, it'll be worth $1,700.
...and so on.
February 27th: $160 in Walgreens Stock becomes available for me to sell.
March 31st: $400 in Walgreens Stock becomes available for me to sell.
April 31st: $400 in Walgreens Stock becomes available for me to sell.
...and so forth.
If you ignore the transaction fees, what I've done with this HEMP stock has been fairly impressive:
.045 purchase price versus current price of .070 (55% Gain)
.065 purchase price versus current price of .070 (7% Gain)
My portfolio is only worth $715 right now.
On February 1st, it'll be worth $1,200.
On March 1st, it'll be worth $1,700.
...and so on.
ALL THINGS CONSIDERED:
GAIN: $24.31
LOSS: $40.12
NET: ($15.81)
When you consider the fact that $31.80 (or 79%) of my my "loss" was through transaction fees and that I've made a stock selection that has increased in value by 55%. I think I'm off to a great start considering my $150 initial investment. I'm excited to see what these numbers possibly could have been if I had a spare $500 to $1,000 to spend.
I'm guessing I wouldn't be sitting on a NET LOSS but rather a NET GAIN of a few hundred bucks.
THOUGHTS?
GAIN: $24.31
LOSS: $40.12
NET: ($15.81)
When you consider the fact that $31.80 (or 79%) of my my "loss" was through transaction fees and that I've made a stock selection that has increased in value by 55%. I think I'm off to a great start considering my $150 initial investment. I'm excited to see what these numbers possibly could have been if I had a spare $500 to $1,000 to spend.
I'm guessing I wouldn't be sitting on a NET LOSS but rather a NET GAIN of a few hundred bucks.
THOUGHTS?
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Mario Kart
Footballguy
25% of my paycheck goes directly into Walgreens stock. My ESPP purchases stock on the 31st of each month.
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I commend you on your willingness to document your ineptitude and dooshbaggery for all of us.
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