Mario Kart
Footballguy
Was my recommendation. Add some more positivity to the thread and get new followers. The Eminence fund is growing. The Twitter account should start later today.New thread name!
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Whatever guys, thread open. (1 Viewer)
- Thread starter Eminence
- Start date
- Status
Dr Oadi
Footballguy
everyone should know deadbeats. It is a public service to post such information. Unless you are Spike trying to post Zimmermans address.
fantasycurse42
Footballguy Jr.
Em, by the time this thread hits 100 pages you'll prob be worth 6 figures and by the time it hits 1000 you'll prob be a millionaire 
Let the haters hate...
Let the haters hate...
Ilov80s
Footballguy
I guess, none of us know this person. It's not like we are in danger of doing business with him.
So I learned something new today,
I received a letter from Fidelity in the mail speaking of an infraction on my Account. Apparently I have incurred a "Good Faith" violation. What this means is that I sold my securities before the cash "settled" from the transaction. Typically speaking, it takes about 3 days for cash transactions to settle. So if I am buying securities with cash (I have been), I must wait 3 days for the transaction to settle.
To counteract this, I can buy things on Margin. To purchase things on Margin is pretty much purchasing securities and using my account's equity as leverage. If I do this, I will be able to buy and sell my securities at will. To avoid being dinged interest on these margin purchases, I will have to have an equivalent amount in my CASH account to cover the costs once the transaction settles.
HOWEVER-
Fidelity requires a minimum equity of $2,000 to open a margin account. With this in mind, I only have an equity of $1,200 in my account. So it wouldn't be until March that I'm able to open a Margin Account. Until then, I'll have to be purchasing things with Cash and holding the securities for 3 days to avoid incurring penalty.
There is a second "perk" to all of this transpiring however.
I have incurred '8' transaction fees so far this year which total $63.60. I have the option to transferring my Account over to http://www.tradeking.com and have them compensate me for up to $150.00. With this in-mind, I've got 10 more free transactions to my name if I eventually transfer over to http://www.tradeking.com.
So here's my timeline for the following:
February - Account Balance ~$1,200
March - Account Balance ~$1,700
So, sometime in March I'll be able to apply for a Margin Account with Fidelity (assuming I add some funds from my paycheck to get there).
May - Account Balance ~$2,500 ($1,000 Walgreens available)
While, I will have reached the minimum Account Balance of $2,500. Some of that Walgreens stock will be "locked up" so to speak, so I won't be able to transfer to http://www.tradeking.com just yet. However, only $1,000 will be "available" being held for 3 months.
June - Account Balance ~$3,500 ($1,500 Walgreens available)
July - Account Balance ~$4,000 ($2,000 Walgreens available)
August - Account Balance ~$4,500 ($2,500 Walgreens available)
So, in August I'll be able to switch $2,500 over to http://www.tradeking.com and get refunded my $150 in lost transaction fees. Assuming I haven't reached this mark sooner making gains in the market. I will also be still have a $2,000 balance in my Fidelity Account allowing me to keep it open.
I'm likely to use:
Fidelity for my penny stock transactions as they have set transaction fees of $7.95, regardless of what security you're buying / selling.
Tradeking for all other security purchases as they only charge $4.25 per trade. They charge $4.25 per penny stock transactions but they also charge you $0.01 per each stock. So if you're buying more than 370 shares (which I have been regularly), it costs more than Fidelity.
So yeah... that's my gameplan assuming I don't gain / lose the amounts needed to expedite / slow down the process.
I received a letter from Fidelity in the mail speaking of an infraction on my Account. Apparently I have incurred a "Good Faith" violation. What this means is that I sold my securities before the cash "settled" from the transaction. Typically speaking, it takes about 3 days for cash transactions to settle. So if I am buying securities with cash (I have been), I must wait 3 days for the transaction to settle.
To counteract this, I can buy things on Margin. To purchase things on Margin is pretty much purchasing securities and using my account's equity as leverage. If I do this, I will be able to buy and sell my securities at will. To avoid being dinged interest on these margin purchases, I will have to have an equivalent amount in my CASH account to cover the costs once the transaction settles.
HOWEVER-
Fidelity requires a minimum equity of $2,000 to open a margin account. With this in mind, I only have an equity of $1,200 in my account. So it wouldn't be until March that I'm able to open a Margin Account. Until then, I'll have to be purchasing things with Cash and holding the securities for 3 days to avoid incurring penalty.
There is a second "perk" to all of this transpiring however.
I have incurred '8' transaction fees so far this year which total $63.60. I have the option to transferring my Account over to http://www.tradeking.com and have them compensate me for up to $150.00. With this in-mind, I've got 10 more free transactions to my name if I eventually transfer over to http://www.tradeking.com.
So here's my timeline for the following:
February - Account Balance ~$1,200
March - Account Balance ~$1,700
So, sometime in March I'll be able to apply for a Margin Account with Fidelity (assuming I add some funds from my paycheck to get there).
May - Account Balance ~$2,500 ($1,000 Walgreens available)
While, I will have reached the minimum Account Balance of $2,500. Some of that Walgreens stock will be "locked up" so to speak, so I won't be able to transfer to http://www.tradeking.com just yet. However, only $1,000 will be "available" being held for 3 months.
June - Account Balance ~$3,500 ($1,500 Walgreens available)
July - Account Balance ~$4,000 ($2,000 Walgreens available)
August - Account Balance ~$4,500 ($2,500 Walgreens available)
So, in August I'll be able to switch $2,500 over to http://www.tradeking.com and get refunded my $150 in lost transaction fees. Assuming I haven't reached this mark sooner making gains in the market. I will also be still have a $2,000 balance in my Fidelity Account allowing me to keep it open.
I'm likely to use:
Fidelity for my penny stock transactions as they have set transaction fees of $7.95, regardless of what security you're buying / selling.
Tradeking for all other security purchases as they only charge $4.25 per trade. They charge $4.25 per penny stock transactions but they also charge you $0.01 per each stock. So if you're buying more than 370 shares (which I have been regularly), it costs more than Fidelity.
So yeah... that's my gameplan assuming I don't gain / lose the amounts needed to expedite / slow down the process.
Well, my question is. Knowing his personal information, is there anything I can do legally to get my payment from him?
Mario Kart
Footballguy
This gets better and better. I'm still in awe how someone can work at a company, get a 10% discount on their stock and want to desperately pull out of its stock to, instead, trade penny stocks with that money. Leave the money in the stock. (No, this is not like Enron)
For as much "effort" as this thread is, WAG is currently at $57 a share. I love the store but am wanting the stock to fall to like $20 in the next month just so this thread and its investment power is so diluted.
For as much "effort" as this thread is, WAG is currently at $57 a share. I love the store but am wanting the stock to fall to like $20 in the next month just so this thread and its investment power is so diluted.
Mario Kart
Footballguy
fantasycurse42
Footballguy Jr.
I don't know if you can buy penny stocks on margin.
I mean, I'm only buying /selling penny stocks because of my limited cash assets, atm. I plan on buying and selling stock in legitimate companies once my bank roll increases a bit.
What am I gonna do? Buy '2 shares' of Twitter? Whoopie.
If I am able to get a 10% juice on 1/4 of my income that's all I want from Walgreens.
From there, I can pick and choose my own investments with a 10% room for failure.
If I reinvest the money and lose 10%, it'd be the same as if I'd been depositing the money in the bank.
No harm, no foul.
If that's the case, fine. But I'm more interested in investing in FB, TWTR, DDD, ONVO, etc.
Mario Kart
Footballguy
You scoff at buying 2 shares of Twitter ($130) right now but what is $1200 going to get you? That's right, 9 shares only. Are you going to start your portfolio with 9 shares of Twitter? Whoopie!!!!
It is tempting to buy a stock. I've done it myself and have learned from those mistakes as others in this thread have. Buy Twitter when you have, minimum, $5,000. Buy a mutual fund, start your Roth with dividend stocks. Whatever you do... don't do what you're doing now.
Ilov80s
Footballguy
I am not a lawyer, but I doubt there is much you can do. Gambling on fantasy football leagues isn't even legal in many places.
fantasycurse42
Footballguy Jr.
I'll buy the debt off of you for two shares of HEMP.
I used to throw live events, so here's some advice:
1.) Any money you're going to make is off of merch sales. EPs, T-Shirts, etc.
2.) Don't play any shows in #### horse towns. Find the big city in your area and play there.
3.) Record any demos / CDs by yourself. Big labels love that.
I wasn't planning on buying Twitter right away. I've got plenty of companies on my watch list with a value of about $5 - 30. I appreciate the concerns you've been showing in this thread. But while I may be a novice, I'm not an idiot.
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Mario Kart
Footballguy
Em we need someone whos money minded. Based on your stock research you are an expert in working with the profit margins I can expect in my genre
Henry Ford
Footballguy
You can't advertise your fund with the words "Super Bowl" in the title of the thread. It's infringement.
SacramentoBob
Footballguy
xulf
Footballguy
Is someone else going to hold the money? Odds are you will use the money to support your habit and then won't have enough for the payout.
moleculo
Footballguy
Em, I mean this with all sincerity - I think it's great what you are doing, kudos to you. You are learning some great lessons about how the markets work at an early age, which is fantastic. You are learning what it means to be a disciplined investor, you are learning about saving money instead of blowing it on stupid crap, you are making long-term plans about how to deal with debt, etc. Lots of what you are posting is filled with youthful naivete, but who amongst us had it all figured out at the age of 22?
There are going to be bumps in the road. You will learn that penny stocks can tank as quickly as they climb. It's going to suck when your $1500 portfolio drops to $0.22, but the beauty is you will have the rest of your life to re-build, and re-build a little wiser.
My advise to you is to absorb financial wisdom as much as you can. Learn about stock fundamentals and what that all means - all though, you seem to be more of a day-trader instead of long-term investor, so not sure if fundamentals are all that important for your style. There are plenty of resources out there to learn how everything works - you seem to have a great interest in this, try to absorb as much as you can.
It's a big world out there. Plenty of smarter folks than you or I have failed at this game, plenty have done very well. Many of those folks are in this thread. Try to learn from those who have gone before, and be open to advice. Remember - when people start talking #### in this thread, it's because they are bored. That's it. No malice intended, it's just taking pot-shots at some anonymous dude on the internet out of boredom.
glllllllllllllllll
There are going to be bumps in the road. You will learn that penny stocks can tank as quickly as they climb. It's going to suck when your $1500 portfolio drops to $0.22, but the beauty is you will have the rest of your life to re-build, and re-build a little wiser.
My advise to you is to absorb financial wisdom as much as you can. Learn about stock fundamentals and what that all means - all though, you seem to be more of a day-trader instead of long-term investor, so not sure if fundamentals are all that important for your style. There are plenty of resources out there to learn how everything works - you seem to have a great interest in this, try to absorb as much as you can.
It's a big world out there. Plenty of smarter folks than you or I have failed at this game, plenty have done very well. Many of those folks are in this thread. Try to learn from those who have gone before, and be open to advice. Remember - when people start talking #### in this thread, it's because they are bored. That's it. No malice intended, it's just taking pot-shots at some anonymous dude on the internet out of boredom.
glllllllllllllllll
fatness
Footballguy
Dr Oadi
Footballguy
If only there were some site to securely hold football leagues money for a nominal fee. Seems like a venture for Eminence!
ShaHBucks
Footballguy
If you purchased 130$ worth of twitter and it went up 20% you make 26$.
If you purchased 130$ worth of HEMP and it went up 20% you make 26$.
I wanted to say this before, but you don't seem to take advise all too well. It's not about how many shares you have and comparing the shares price doesn't neccesarily make one cheaper than the other. It's not that easy. But, GL man.
If you purchased 130$ worth of HEMP and it went up 20% you make 26$.
I wanted to say this before, but you don't seem to take advise all too well. It's not about how many shares you have and comparing the shares price doesn't neccesarily make one cheaper than the other. It's not that easy. But, GL man.
Eminence said:
It's going to be much easier for HEMP to go up 20% ($0.018) than it would Twitter 20% ($12.90).
Agree, disagree?
ShaHBucks
Footballguy
Would you had said that about Apple at 100$, 200$, 300$? What about today at 500$?
With all due respect sir, our discussion was not about Apple. It was about Twitter and HEMP.
Which do feel is more likely to increase by 20%?
In my opinion, HEMP has the higher ROI while TWTR is the safer investment. Apple's past production does not sway my opinion that I believe HEMP will increase $0.018 before Twitter increases another $13.00.
moleculo
Footballguy
ShaHBucks
Footballguy
You missed my point completely.
Mario Kart
Footballguy
I've lost the faith. There are reasons why HEMP is at $.08 and there are reasons why Twitter is at $65. Those reasons have little/nothing to do with "which one is more likely to go up 20%" for their stock. Even if every state went pro-weed, I don't see HEMP jumping to $10 because stocks like Philip Morris will change their business model and such.
Geez, if this was the only thread of all the internet to survive, the future would be in trouble.
Geez, if this was the only thread of all the internet to survive, the future would be in trouble.
No, I get your point but you began to speak about things in hindsight when I asked you a simple question:
"It's going to be much easier for HEMP to go up 20% ($0.018) than it would Twitter 20% ($12.90).
Agree, disagree?"
Apple is irrelevant. Apple isn't an emerging industry like legalized Marijuana or Social Media. I was much too young when Apple 'boomed' to fake an opinion for you. And I don't see how viewing a stock which is completely unrelated to both HEMP and Twitter in hindsight affects whether or not HEMP or Twitter would be a better investment with $130.
Sure, anything can happen. But if I were to put my eggs in one basket as far as which stock has more room to increase % wise over the next year. I'm taking HEMP every day of the week.
Regardless of what Apple did, I think HEMP is the stronger buy. That's all that really matters in this conversation, which stock I believe is the stronger buy. Why muddy the waters by bringing in Apple stock which is completely unrelated to HEMP and Twitter?
Lol, I think I'm going to close this thread down. It's near impossible to stay objective with you guys. Even if HEMP doubles in value, to $0.20 a share, Twitter would need to double to $120+ a share to have the same % gain.
This isn't even an argument of me preferring one investment over the other. They are completely different investments. If I had the money, I would have invested in Twitter back when it was $45.00 a share. Lol.
You guys are really stretching to try to make me look bad.
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Henry Ford
Footballguy
Thank you for removing the Super Bowl from the title.
Henry Ford
Footballguy
I'm awaiting the thread close down. Let me know when you do that.
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