Whatever guys, thread open. (1 Viewer)

[Mario Kart]

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.

How do you know this? Are you not learning anything right now?

25% of my paycheck goes directly into Walgreens stock. My ESPP purchases stock on the 31st of each month.

So, you're going to sell Walgreens stock to buy penny stocks? Keep Walgreens and save money to buy into dividend stocks. Or, at worst, buy into a Roth and sit back. Penny stocks will only lose you money... see above thread for details.

 

[jamny]

Get used to not calling something a gain until you've sold it. Right now, you're down.

 

[sbonomo]

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?

Yes. If you keep up with this investment strategy you will be out of money in less than 10 weeks assuming you continue to lose money at this rate. You should start sports betting or buying cell phones.

 

[Eminence]

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?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

 

[DocHolliday]

Keep buying as much Walgreens stock as you can since you get the nice discount. Hold onto it. Walgreens stock is as likely to increase in value as much as any of your other guesses.

Instead of spending your time trying to play the market, use that time earning money. Get a second job even if it is only 10 to 15 hours a week.

 

[phrozen]

Glad you are putting that B to use

 

[jamny]

Keep buying as much Walgreens stock as you can since you get the nice discount. Hold onto it. Walgreens stock is as likely to increase in value as much as any of your other guesses.

Instead of spending your time trying to play the market, use that time earning money. Get a second job even if it is only 10 to 15 hours a week.

 

[Mario Kart]

Um, you need to add in the transaction fees into the total amount. By not adding them in you are deluding yourself into thinking you are "winning" when many have tried to point out you are not.

Doesn't matter if you had $500 or not because you are still looking foolish. Yes, finally, it takes money to make money and right now you don't have the money it takes to make money. Transaction fees are nothing when you have a bank roll of $10,000 or more but when you have $150, like many have said, transaction fees are the nail in the coffin.

 

[Premier]

I can't believe this is real.

 

[Rayderr]

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.

How do you know this? Are you not learning anything right now?

25% of my paycheck goes directly into Walgreens stock. My ESPP purchases stock on the 31st of each month.

But if one of your other stocks tank, then you're portfolio won't be worth 1200, 1700 etc.

 

[Soulfly3]

$150 couldve bought a whole lotta protein powder

 

[Eminence]

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?

Yes. If you keep up with this investment strategy you will be out of money in less than 10 weeks assuming you continue to lose money at this rate. You should start sports betting or buying cell phones.

Not so much for two different reasons:

Reason 1,

I purchase $500 worth of Walgreens stock a month @ a 10% discount. I may be down about $15.00 right now, but on January 31st I'm purchasing anywhere between $400 - 500 of Walgreens stock at a 10%. The 10% discount alone is worth more $40 - 50 face value.

$40 - 50 gain off the discount > $15 losses so far.

Reason 2,

Had I invested $500 instead of $150. I would actually be sitting on a $50 gain. So there wasn't anything wrong with my stock selections so far. My loss is a direct result of transaction fees. Percentage-wise on my stock picks, I'm in the positive.

 

[Eminence]

I can't believe this is real.

Believe.

 

[phrozen]

Forget the penny stocks you need to apply to Goldman Sachs. Your investing prowess would be appreciated there.

 

[Keerock]

Glad you are putting that B to use

B+

 

[TheIronSheik]

After reading this thread, I feel like I really missed an opportunity by not giving him $1000 to buy cell phones.

 

[Premier]

I can't believe this is real.

Believe.

 

[jomar]

Um, you need to add in the transaction fees into the total amount. By not adding them in you are deluding yourself into thinking you are "winning" when many have tried to point out you are not.

Doesn't matter if you had $500 or not because you are still looking foolish. Yes, finally, it takes money to make money and right now you don't have the money it takes to make money. Transaction fees are nothing when you have a bank roll of $10,000 or more but when you have $150, like many have said, transaction fees are the nail in the coffin.

Eminence made a light go on in my head and I just turned a $500 loss with my bookie into a $400 gain by not counting the vig I had to pay this year.

 

[phrozen]

Um, you need to add in the transaction fees into the total amount. By not adding them in you are deluding yourself into thinking you are "winning" when many have tried to point out you are not.

Doesn't matter if you had $500 or not because you are still looking foolish. Yes, finally, it takes money to make money and right now you don't have the money it takes to make money. Transaction fees are nothing when you have a bank roll of $10,000 or more but when you have $150, like many have said, transaction fees are the nail in the coffin.

Eminence made a light go on in my head and I just turned a $500 loss with my bookie into a $400 gain by not counting the vig I had to pay this year.

Eminence is touching lives one person at a time.

 

[zoonation]

How does this guy have trouble getting laid again?

 

[TheIronSheik]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

 

[Premier]

Wait, he used to sell old cell phones? Link?

 

[jomar]

your theoretical net profit?

 

[StrikeS2k]

Wait, he used to cell old cell phones? Link?

He asked to have the thread deleted but it was merged in to the "delete" thread IIRC.

 

[TheIronSheik]

Wait, he used to cell old cell phones? Link?

You didn't know this?!? That was the emergence of the Great Eminence into FFA pop culture. That thread may have gotten the HARD DELETE.

 

[Notorious T.R.E.]

Can you list out all your transaction fees too please? Thanks.

Compelling stuff here

PURCHASE HEMP ($7.95)

PURCHASE ONVO ($7.95)

SELL ONVO ($7.95)

PURCHASE HEMP ($7.95)

Going to get that reimbursed through tradekings.com

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.

You are in over your head.

You're right, I have to be transferring an account of $2,500 or more. That's ####### bull####.

 

[Eminence]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

Have you read this post Sheik? My picks were perfectly fine:

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?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

 

[Eminence]

The cellphone business was quite lucrative, I don't know why you guys give me crap for that. The only reason I STOPPED doing that was because I didn't have enough money for the orders that were coming through.

Towards the end, I was pretty much middle-manning transactions from people on EBAY and AMAZON and making about $6.00 - 8.00 on transaction. The problem was the average phone cost like $50 - 70. So if I ended up selling 8 phones in a week, I'd have to pony up about $540 which Amazon would hold for 2-weeks.

I just financially in a position to do that and eventually had to cancel a few transactions and eventually got banned from Amazon. There is definitely money to be made there for those who don't mind coordinating a few things.

Link to my Amazon sales.

The way the scheme works in general is that you have to find a few "niche" phones.

For example, my bread and butter was the HTC Thunderbolt and the Galaxy Fascinate. I found that I could consistently win auctions on eBay for both of these phones for about $10 - 15 cheaper than I could actually sell them on Amazon for (after fees).

So I would literally have listings on Amazon for phones I hadn't won yet. Say I sold 3 Thunderbolts for $80.00 each, I would then go on eBay and win 3 Thunderbolts in the price-range of $65.00 - 75.00. The phones were directly shipped from someone on eBay to someone on Amazon.

I'm not sure if the whole process was legal but I was definitely nickel and diming people throughout the process. The sky is the limit, you just need to know the price points for various phones on both websites; watch listings like crazy; etc.

 

[Eminence]

The other half of the cell phone business was pretty much tricking schmucks out of their devices. This was done either via Craigslist, word-of-mouth, or eBay.

I was once able to purchase a Galaxy S3 on Craigslist for $300 and ended up flipping it for $450 on eBay.

I was once able to purchase an iPhone 4S from this black guy I worked with for $250 and sold it for $375 on eBay.

I was once able to purchase a HTC Thunderbolt on eBay that was listed without a picture and came with a boatload of accessories for $60.00. I took a picture of the phone with accessories and ended up selling it for $120.

It comes down to knowing your product and knowing what you're doing. Listings generally sell for cheaper later at night, so if you find a ####### who's selling an expensive phone late at night you're pretty much getting a $10 - 20 discount right there.

Weekends are when you want your listings to end if you're SELLING a phone on eBay.

Monday, Tuesday, Wednesday are the best days of the week to buy phones on eBay.

 

[Wilfredo Ledezma]

Can you list out all your transaction fees too please? Thanks.

Compelling stuff here

PURCHASE HEMP ($7.95)

PURCHASE ONVO ($7.95)

SELL ONVO ($7.95)

PURCHASE HEMP ($7.95)

Going to get that reimbursed through tradekings.com

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.

You are in over your head.

You're right, I have to be transferring an account of $2,500 or more. That's ####### bull####.

 

[Wilfredo Ledezma]

Screw penny stocks. Have you considered investing in wheat pennies?

 

[Captain Quinoa]

The cellphone business was quite lucrative, I don't know why you guys give me crap for that. The only reason I STOPPED doing that was because I didn't have enough money for the orders that were coming through.

Towards the end, I was pretty much middle-manning transactions from people on EBAY and AMAZON and making about $6.00 - 8.00 on transaction. The problem was the average phone cost like $50 - 70. So if I ended up selling 8 phones in a week, I'd have to pony up about $540 which Amazon would hold for 2-weeks.

I just financially in a position to do that and eventually had to cancel a few transactions and eventually got banned from Amazon. There is definitely money to be made there for those who don't mind coordinating a few things.

Link to my Amazon sales.

The way the scheme works in general is that you have to find a few "niche" phones.

For example, my bread and butter was the HTC Thunderbolt and the Galaxy Fascinate. I found that I could consistently win auctions on eBay for both of these phones for about $10 - 15 cheaper than I could actually sell them on Amazon for (after fees).

So I would literally have listings on Amazon for phones I hadn't won yet. Say I sold 3 Thunderbolts for $80.00 each, I would then go on eBay and win 3 Thunderbolts in the price-range of $65.00 - 75.00. The phones were directly shipped from someone on eBay to someone on Amazon.

I'm not sure if the whole process was legal but I was definitely nickel and diming people throughout the process. The sky is the limit, you just need to know the price points for various phones on both websites; watch listings like crazy; etc.

Imagine if you combined this with placing tiny classified ads.

 

[Eminence]

If you guys want to throw some money down, I'll start up an LLC and we can get to making some money in the used cellphone business. Dead serious!

 

[StrikeS2k]

Towards the end, I was pretty much middle-manning transactions from people on EBAY and AMAZON and making about $6.00 - 8.00 on transaction. The problem was the average phone cost like $50 - 70. So if I ended up selling 8 phones in a week, I'd have to pony up about $540 which Amazon would hold for 2-weeks.

I have been working really hard for the last 20 years trying to get to the point where I clear $64/week. I'm still hoping to get there one day.

 

[Wilfredo Ledezma]

The cellphone business was quite lucrative, I don't know why you guys give me crap for that. The only reason I STOPPED doing that was because I didn't have enough money for the orders that were coming through.

Towards the end, I was pretty much middle-manning transactions from people on EBAY and AMAZON and making about $6.00 - 8.00 on transaction. The problem was the average phone cost like $50 - 70. So if I ended up selling 8 phones in a week, I'd have to pony up about $540 which Amazon would hold for 2-weeks.

I just financially in a position to do that and eventually had to cancel a few transactions and eventually got banned from Amazon. There is definitely money to be made there for those who don't mind coordinating a few things.

Link to my Amazon sales.

The way the scheme works in general is that you have to find a few "niche" phones.

For example, my bread and butter was the HTC Thunderbolt and the Galaxy Fascinate. I found that I could consistently win auctions on eBay for both of these phones for about $10 - 15 cheaper than I could actually sell them on Amazon for (after fees).

So I would literally have listings on Amazon for phones I hadn't won yet. Say I sold 3 Thunderbolts for $80.00 each, I would then go on eBay and win 3 Thunderbolts in the price-range of $65.00 - 75.00. The phones were directly shipped from someone on eBay to someone on Amazon.

I'm not sure if the whole process was legal but I was definitely nickel and diming people throughout the process. The sky is the limit, you just need to know the price points for various phones on both websites; watch listings like crazy; etc.

 

[Eminence]

Towards the end, I was pretty much middle-manning transactions from people on EBAY and AMAZON and making about $6.00 - 8.00 on transaction. The problem was the average phone cost like $50 - 70. So if I ended up selling 8 phones in a week, I'd have to pony up about $540 which Amazon would hold for 2-weeks.

I have been working really hard for the last 20 years trying to get to the point where I clear $64/week. I'm still hoping to get there one day.

See, comments like this make me want to block you.

I was simply MIDDLE MANNING these transactions. All I had to do was copy-and-paste a few shipping addresses and win a few auctions on eBay. I was hoping to get to the point where I was selling 50 - 60 phones in a week. That would be an extra $400 - 500 bucks a week.

Would have been $1,600 a month or around an extra $19,000 a year. Problem is, you'd need about $5,000 of play money set aside to make this possible.

 

[StrikeS2k]

Towards the end, I was pretty much middle-manning transactions from people on EBAY and AMAZON and making about $6.00 - 8.00 on transaction. The problem was the average phone cost like $50 - 70. So if I ended up selling 8 phones in a week, I'd have to pony up about $540 which Amazon would hold for 2-weeks.

I have been working really hard for the last 20 years trying to get to the point where I clear $64/week. I'm still hoping to get there one day.

See, comments like this make me want to block you.

I was simply MIDDLE MANNING these transactions. All I had to do was copy-and-paste a few shipping addresses and win a few auctions on eBay. I was hoping to get to the point where I was selling 50 - 60 phones in a week. That would be an extra $400 - 500 bucks a week.

Would have been $1,600 a month or around an extra $19,000 a year. Problem is, you'd need about $5,000 of play money set aside to make this possible.

If you reinvested your profits you'd be at the 5 grand in no time. And if it's so lucrative you'd be redirecting the money you're using to invest back to the cell phone business. Since you're not I can only assume that it's not THAT lucrative. I'd love it if you would go back to the cell phone business. But either way this is entertaining stuff.

 

[UniAlias]

Why stop there? Should go for 500-600 phones a week for an extra $4000-$5000. Boom, $200k a year and you can afford to move out from your parents and not have to deal with those pesky black guy co-workers.

 

[Eminence]

Towards the end, I was pretty much middle-manning transactions from people on EBAY and AMAZON and making about $6.00 - 8.00 on transaction. The problem was the average phone cost like $50 - 70. So if I ended up selling 8 phones in a week, I'd have to pony up about $540 which Amazon would hold for 2-weeks.

I have been working really hard for the last 20 years trying to get to the point where I clear $64/week. I'm still hoping to get there one day.

See, comments like this make me want to block you.

I was simply MIDDLE MANNING these transactions. All I had to do was copy-and-paste a few shipping addresses and win a few auctions on eBay. I was hoping to get to the point where I was selling 50 - 60 phones in a week. That would be an extra $400 - 500 bucks a week.

Would have been $1,600 a month or around an extra $19,000 a year. Problem is, you'd need about $5,000 of play money set aside to make this possible.

If you reinvested your profits you'd be at the 5 grand in no time. And if it's so lucrative you'd be redirecting the money you're using to invest back to the cell phone business. Since you're not I can only assume that it's not THAT lucrative. I'd love it if you would go back to the cell phone business. But either way this is entertaining stuff.

I ####ed up. I sold too many phones that I couldn't afford and got banned from Amazon.

 

[TheIronSheik]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

Have you read this post Sheik? My picks were perfectly fine:

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?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

I have read all of your posts. I'm fairly sure I'm your number one fan. On days you don't post, I feel a little empty inside. And I'm not joking.

That said, you have spent a lot of time (and money) to make $31 and change.

I know you hate this suggestion, but go get a job waiting tables until you finish school. You will make way more money doing that than in the Stock Market. You are spinning your wheels for no gain. Time is money and you are wasting time trying to make tiny gains on wild gambles and speculation. You'd have a better chance at just taking your money and putting it on black or red. Let it ride.

I'm oddly rooting for you to do well in something even though it would ruin my entertainment factor on this board.

 

[Eminence]

Why stop there? Should go for 500-600 phones a week for an extra $4000-$5000. Boom, $200k a year and you can afford to move out from your parents and not have to deal with those pesky black guy co-workers.

Well, there was a point I was considering hiring some Asian work overseas to help me win some phones while I was working at Olive Garden. Give them very precise price parameters and watch them go to town.

I think that 200+ phones would be possible but you'd have to be lower your profit per transaction to like $3.00 - 4.00.

The other perk to this is that I was getting 2% cashback on every purchase I made on eBay. Which, when averaging about $500 in sales per week would have added up to an extra $40 a month. $480 extra a year. Pays for a few phones, grows exponentially as your sales grow.

EDIT: And funny enough, no black guys, just black women, lol.

 

[TheIronSheik]

Why stop there? Should go for 500-600 phones a week for an extra $4000-$5000. Boom, $200k a year and you can afford to move out from your parents and not have to deal with those pesky black guy co-workers.

Well, there was a point I was considering hiring some Asian work overseas to help me win some phones while I was working at Olive Garden. Give them very precise price parameters and watch them go to town.

I think that 200+ phones would be possible but you'd have to be lower your profit per transaction to like $3.00 - 4.00.

The other perk to this is that I was getting 2% cashback on every purchase I made on eBay. Which, when averaging about $500 in sales per week would have added up to an extra $40 a month. $480 extra a year. Pays for a few phones, grows exponentially as your sales grow.

EDIT: And funny enough, no black guys, just black women, lol.

Oh my God. You were going to hire people? This is the gift that just keeps on giving.

 

[Premier]

This is the most amazing thread.

 

[Eminence]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

Have you read this post Sheik? My picks were perfectly fine:

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?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

I have read all of your posts. I'm fairly sure I'm your number one fan. On days you don't post, I feel a little empty inside. And I'm not joking.

That said, you have spent a lot of time (and money) to make $31 and change.

I know you hate this suggestion, but go get a job waiting tables until you finish school. You will make way more money doing that than in the Stock Market. You are spinning your wheels for no gain. Time is money and you are wasting time trying to make tiny gains on wild gambles and speculation. You'd have a better chance at just taking your money and putting it on black or red. Let it ride.

I'm oddly rooting for you to do well in something even though it would ruin my entertainment factor on this board.

I mean, you obviously have valid points but I haven't even held HEMP a week yet; so it hasn't really taken too much time. For me, I love the prospect of saving 25% of my income and putting it into Walgreens stock at a 10% discount. If I invest it into something else after it becomes available to trade, I have a 10% room for error before I've really begun to "lose" money.

...and truthfully, I don't know if I could go back into the food industry. The tips were nice but I really don't mind my current job, it's really easy. All I've got to do is move merchandise around the store, keep the girls on task, count the money, make sure I lock up, and then go home.

I have had some fun on Roulette in the past but I get greedy. I was up $300 - 400 bucks after two-successful nights then lost it all when I couldn't resist the temptation to go back.

EDIT: Same thing with sportsbetting, everytime I'm up $100 - 200 I always want to "double down" one last time and always lose.

 

[sbonomo]

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?

Yes. If you keep up with this investment strategy you will be out of money in less than 10 weeks assuming you continue to lose money at this rate. You should start sports betting or buying cell phones.

Not so much for two different reasons:

Reason 1,

I purchase $500 worth of Walgreens stock a month @ a 10% discount. I may be down about $15.00 right now, but on January 31st I'm purchasing anywhere between $400 - 500 of Walgreens stock at a 10%. The 10% discount alone is worth more $40 - 50 face value.

$40 - 50 gain off the discount > $15 losses so far.

Reason 2,

Had I invested $500 instead of $150. I would actually be sitting on a $50 gain. So there wasn't anything wrong with my stock selections so far. My loss is a direct result of transaction fees. Percentage-wise on my stock picks, I'm in the positive.

If your mom had balls she'd be your dad......You didn't invest $500. You did lose money because you don't know what the heck you are doing. There is no way someone is this stupid.

ETA - one more level of complexity you are not thinking about is the tax (assuming you ever are positive) on your short term gains. Once again, you really need to stop throwing your money away.

 

[Eminence]

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?

Yes. If you keep up with this investment strategy you will be out of money in less than 10 weeks assuming you continue to lose money at this rate. You should start sports betting or buying cell phones.

Not so much for two different reasons:

Reason 1,

I purchase $500 worth of Walgreens stock a month @ a 10% discount. I may be down about $15.00 right now, but on January 31st I'm purchasing anywhere between $400 - 500 of Walgreens stock at a 10%. The 10% discount alone is worth more $40 - 50 face value.

$40 - 50 gain off the discount > $15 losses so far.

Reason 2,

Had I invested $500 instead of $150. I would actually be sitting on a $50 gain. So there wasn't anything wrong with my stock selections so far. My loss is a direct result of transaction fees. Percentage-wise on my stock picks, I'm in the positive.

If your mom had balls she'd be your dad......You didn't invest $500. You did lose money because you don't know what the heck you are doing. There is no way someone is this stupid.

I'm just trying to prove the point that is was general ineptitude of understanding the transaction fees not my stock picks themselves that are the reason I am down $15.00.

 

[TheIronSheik]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

Have you read this post Sheik? My picks were perfectly fine:

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?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

I have read all of your posts. I'm fairly sure I'm your number one fan. On days you don't post, I feel a little empty inside. And I'm not joking.

That said, you have spent a lot of time (and money) to make $31 and change.

I know you hate this suggestion, but go get a job waiting tables until you finish school. You will make way more money doing that than in the Stock Market. You are spinning your wheels for no gain. Time is money and you are wasting time trying to make tiny gains on wild gambles and speculation. You'd have a better chance at just taking your money and putting it on black or red. Let it ride.

I'm oddly rooting for you to do well in something even though it would ruin my entertainment factor on this board.

I mean, you obviously have valid points but I haven't even held HEMP a week yet; so it hasn't really taken too much time. For me, I love the prospect of saving 25% of my income and putting it into Walgreens stock at a 10% discount. If I invest it into something else after it becomes available to trade, I have a 10% room for error before I've really begun to "lose" money.

...and truthfully, I don't know if I could go back into the food industry. The tips were nice but I really don't mind my current job, it's really easy. All I've got to do is move merchandise around the store, keep the girls on task, count the money, make sure I lock up, and then go home.

I have had some fun on Roulette in the past but I get greedy. I was up $300 - 400 bucks after two-successful nights then lost it all when I couldn't resist the temptation to go back.

Don't take this the wrong way, but I see this as your biggest character flaw. In my life, I've known a lot of people just like you who are always on the look out for the quick and easy score. They have huge plans and are ready to tell everyone about how they are going to make it big.

Very few people make great money the easy way. Hard work is what will make you rich. Not get rich schemes. Work hard now, while you're young so you won't have to work hard when you're older.

 

[Eminence]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

Have you read this post Sheik? My picks were perfectly fine:

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?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

I have read all of your posts. I'm fairly sure I'm your number one fan. On days you don't post, I feel a little empty inside. And I'm not joking.

That said, you have spent a lot of time (and money) to make $31 and change.

I know you hate this suggestion, but go get a job waiting tables until you finish school. You will make way more money doing that than in the Stock Market. You are spinning your wheels for no gain. Time is money and you are wasting time trying to make tiny gains on wild gambles and speculation. You'd have a better chance at just taking your money and putting it on black or red. Let it ride.

I'm oddly rooting for you to do well in something even though it would ruin my entertainment factor on this board.

I mean, you obviously have valid points but I haven't even held HEMP a week yet; so it hasn't really taken too much time. For me, I love the prospect of saving 25% of my income and putting it into Walgreens stock at a 10% discount. If I invest it into something else after it becomes available to trade, I have a 10% room for error before I've really begun to "lose" money.

...and truthfully, I don't know if I could go back into the food industry. The tips were nice but I really don't mind my current job, it's really easy. All I've got to do is move merchandise around the store, keep the girls on task, count the money, make sure I lock up, and then go home.

I have had some fun on Roulette in the past but I get greedy. I was up $300 - 400 bucks after two-successful nights then lost it all when I couldn't resist the temptation to go back.

Don't take this the wrong way, but I see this as your biggest character flaw. In my life, I've known a lot of people just like you who are always on the look out for the quick and easy score. They have huge plans and are ready to tell everyone about how they are going to make it big.

Very few people make great money the easy way. Hard work is what will make you rich. Not get rich schemes. Work hard now, while you're young so you won't have to work hard when you're older.

Well, that's where the Associates Degree comes into play. I'd rather drop dead than not have my Associates in Accounting by the time 2015 rolls around. I should be able to acquire a $16.00 - 20.00 an hour job once I get it.

Then it's onto the Bachelors Degree.

In the meantime, I need to get my money working for me. Ya' know?

 

[Captain Quinoa]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

Have you read this post Sheik? My picks were perfectly fine:

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?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

I have read all of your posts. I'm fairly sure I'm your number one fan. On days you don't post, I feel a little empty inside. And I'm not joking.

That said, you have spent a lot of time (and money) to make $31 and change.

I know you hate this suggestion, but go get a job waiting tables until you finish school. You will make way more money doing that than in the Stock Market. You are spinning your wheels for no gain. Time is money and you are wasting time trying to make tiny gains on wild gambles and speculation. You'd have a better chance at just taking your money and putting it on black or red. Let it ride.

I'm oddly rooting for you to do well in something even though it would ruin my entertainment factor on this board.

I have had some fun on Roulette in the past but I get greedy. I was up $300 - 400 bucks after two-successful nights then lost it all when I couldn't resist the temptation to go back.

Obviously you were betting red.

Cuz once you bet black, you never go back.

 

[TheIronSheik]

Well, that's where the Associates Degree comes into play. I'd rather drop dead than not have my Associates in Accounting by the time 2015 rolls around. I should be able to acquire a $16.00 - 20.00 an hour job once I get it.

Then it's onto the Bachelors Degree.

In the meantime, I need to get my money working for me. Ya' know?

What I'm saying is that by working as a waiter/bartender, you could make more money than your current job and Stock Market endeavors combined. And you'd have enough free time to probably take more classes and finish your degree much quicker. Ya' know?