Whatever guys, thread open. (4 Viewers)

[Henry Ford]

Never ever have your stock portfolio dominated by stock in the company you work for.

It's on a tear, but yeah, I plan on converting this into a share of Google once it gets built up high enough. I think that's my longterm investment plan with this portfolio.

Your long term investment plan is a share of Google?

 

[Eminence]

Never ever have your stock portfolio dominated by stock in the company you work for.

It's on a tear, but yeah, I plan on converting this into a share of Google once it gets built up high enough. I think that's my longterm investment plan with this portfolio.

Your long term investment plan is a share of Google?

I can probably get 4 - 5 by the end of the year.

 

[TheMagus]

My Walgreens stock has gone up 30% since I purchased it. $1,000 that's now worth $1,300. Portfolio worth $1,800. Margin, here I come.

Em, you seem like a good kid. Slightly misguided and perhaps unmotivated, but still a decent kid.

It really sounds like you have a gambling problem. You spoke earlier of your large credit card debt (large according to your income) was due to sports bets gone awry. And now you are looking to make a quick buck on the stock market. Do you realize the stock market, unless you are extremely well educated and savvy, is the rich man's version of gambling? The stocks you are constantly looking at are high risk and basically less sure than Denver winning the Superbowl. There is a whole world out there that makes their living off of people like you. Just because it is legal, does not mean than it is any less "gambling" than betting on a sporting event.

I'm only saying this because from the tidbits you have posted... I really think you may have a gambling problem. But you somehow think gambling on the stock market is better than calling in bets to your bookie. It's not. At least not in the sense of what you are doing. You may want to look into this because you are going down a very dangerous road here.

Just my two cents.

 

[Eminence]

My Walgreens stock has gone up 30% since I purchased it. $1,000 that's now worth $1,300. Portfolio worth $1,800. Margin, here I come.

Em, you seem like a good kid. Slightly misguided and perhaps unmotivated, but still a decent kid.

It really sounds like you have a gambling problem. You spoke earlier of your large credit card debt (large according to your income) was due to sports bets gone awry. And now you are looking to make a quick buck on the stock market. Do you realize the stock market, unless you are extremely well educated and savvy, is the rich man's version of gambling? The stocks you are constantly looking at are high risk and basically less sure than Denver winning the Superbowl. There is a whole world out there that makes their living off of people like you. Just because it is legal, does not mean than it is any less "gambling" than betting on a sporting event.

I'm only saying this because from the tidbits you have posted... I really think you may have a gambling problem. But you somehow think gambling on the stock market is better than calling in bets to your bookie. It's not. At least not in the sense of what you are doing. You may want to look into this because you are going down a very dangerous road here.

Just my two cents.

I lost $100 on the Broncos game and then proceeded to turn $5 into $60 through straight up bets and then parlays. I understand that in gambling, all forms you get "hot" and hit multiple bets in a row. If you happen to be betting heavy when that happens, big winnings quick.

The Stock Market, things make more sense. If Weed gets legalized, the entire sector is going to go up in value. Everyone has Health Coverage under Obamacare, therefore statistically most of the Healthcare sector should take a bump. CVS doesn't sell tobacco, that 2 Billion Dollars has to trickle somewhere. If you think Walgreens gets any bump in potential profits, the stock price is likely to go up in value. They're buying drug chains in South Carolina and the United Kingdom.

 

[TheMagus]

If this is as simple as you seem to think it is... wouldn't anyone with half a brain be able to turn their 10s of 1000s into 100s of thousands?

It's not as simple as you seem to think it is. And before this is all over, especially if you are considering trading on margin, you will lose it all. It's gambling. Just a legalized form of it. You don't have any better information than the rest of the much more informed public does out there.

The real way to make money in this world is to work hard and get a good education to get yourself into a stepping stone job that will give you experience to get a better job in the future. That does not mean a Walgreens supervisor job. That means getting a 4 year degree and getting an entry level job in a corporation that is going to pay you well. Then it goes up from there. If making money on the stock market was so easy and basic that even you could predict how to manage it, no one would have to work. Even trained professionals (with MBAs from the best schools in the world) in this market lose their frigging shirts.

This is painful to watch.

ETA: I seem to remember you saying your credit card debt was due to gambling losses. Is that not true?

 

[Andrew74]

So playing penny stocks isn't enough, we need to move to sports gambling and margin trading? With basically no capital? The idea of converting your entire portfolio to 1 Google share sounds downright Buffetesque in comparison.

Maybe you should check out the CME and get in on some e-micro and e-mini futures contracts. I hear foreign exchange is a simple way to get rich.

 

[Tom Servo]

Now, another poster posted a thread revealing a sister board to this site where others mock and directly quote others from this site.

Even holding what is essentially, "Who is the biggest loser?" contests. Where myself and the OP of the other thread are squarely in the semi-finals.

However, the thread revealing that the "cool kids" from FBG have been slandering users who post here has been deleted.

It's not "the biggest loser" contest, I'll have you know. And yes, you've pretty much locked up a Final 4 berth.

I have been saying this the whole time....he is definately a dark horse to take it all this year.....

UPDATE: He lost.

 

[Henry Ford]

If only you were old enough to have seen the "margin trading" episode of Saved By The Bell.

 

[Rayderr]

If only you were old enough to have seen the "margin trading" episode of Saved By The Bell.

Or Family Ties.

 

[Abraham]

The video is epic. /internet

 

[sports_fan]

If this is as simple as you seem to think it is... wouldn't anyone with half a brain be able to turn their 10s of 1000s into 100s of thousands?

It's not as simple as you seem to think it is. And before this is all over, especially if you are considering trading on margin, you will lose it all. It's gambling. Just a legalized form of it. You don't have any better information than the rest of the much more informed public does out there.

The real way to make money in this world is to work hard and get a good education to get yourself into a stepping stone job that will give you experience to get a better job in the future. That does not mean a Walgreens supervisor job. That means getting a 4 year degree and getting an entry level job in a corporation that is going to pay you well. Then it goes up from there. If making money on the stock market was so easy and basic that even you could predict how to manage it, no one would have to work. Even trained professionals (with MBAs from the best schools in the world) in this market lose their frigging shirts.

This is painful to watch.

ETA: I seem to remember you saying your credit card debt was due to gambling losses. Is that not true?

You might as well save the advice, he's not going to learn until he gets hammered with losses which will happen in the near future. At least he doesn't have much to lose at this point.

 

[Keerock]

Em = KC Armstrong

 

[Eminence]

Got my federal return in, it was $721. I placed it directly on my credit card with the largest balance and it's now down to $700.

$900 Midland.

$700 First Premier

$500 Bill Me Later

Only $1,600 remaining in credit debt. Bill Me Later only reports to credit bureaus if you don't pay. I've been making monthly payments so I'm fine. My credit score should see significant increase once I get this to zero.

 

[Eminence]

Also, I would also like to disclose that I only want to margin trade to get passed the "good faith" violation rule. I might borrow a little if I knew what the interest rate was.

 

[DocHolliday]

Do not listen to the naysayers. Follow your gut. You have to take risks to obtain greatness.

 

[Eminence]

Now is a great time to buy HEMP. $0.1491 a share!

You're welcome.

 

[jamny]

Now is a great time to buy HEMP. $0.1491 a share!

You're welcome.

 

[bagger]

Now is a great time to buy HEMP. $0.1491 a share!

You're welcome.

didnt you sell at 0.08?

 

[TheIronSheik]

Now is a great time to buy HEMP. $0.1491 a share!

You're welcome.

didnt you sell at 0.08?

You're too worried about the numbers. This is just proof of concept.

 

[Terpman22]

Who is this guy?

 

[[icon]]

Got my federal return in, it was $721. I placed it directly on my credit card with the largest balance and it's now down to $700.

$900 Midland.

$700 First Premier

$500 Bill Me Later

Only $1,600 remaining in credit debt. Bill Me Later only reports to credit bureaus if you don't pay. I've been making monthly payments so I'm fine. My credit score should see significant increase once I get this to zero.

I don't think you understand how credit scores work.

 

[RCon]

My Walgreens stock has gone up 30% since I purchased it. $1,000 that's now worth $1,300. Portfolio worth $1,800. Margin, here I come.

Em, you seem like a good kid. Slightly misguided and perhaps unmotivated, but still a decent kid.

It really sounds like you have a gambling problem. You spoke earlier of your large credit card debt (large according to your income) was due to sports bets gone awry. And now you are looking to make a quick buck on the stock market. Do you realize the stock market, unless you are extremely well educated and savvy, is the rich man's version of gambling? The stocks you are constantly looking at are high risk and basically less sure than Denver winning the Superbowl. There is a whole world out there that makes their living off of people like you. Just because it is legal, does not mean than it is any less "gambling" than betting on a sporting event.

I'm only saying this because from the tidbits you have posted... I really think you may have a gambling problem. But you somehow think gambling on the stock market is better than calling in bets to your bookie. It's not. At least not in the sense of what you are doing. You may want to look into this because you are going down a very dangerous road here.

Just my two cents.

I lost $100 on the Broncos game and then proceeded to turn $5 into $60 through straight up bets and then parlays. I understand that in gambling, all forms you get "hot" and hit multiple bets in a row. If you happen to be betting heavy when that happens, big winnings quick.

The Stock Market, things make more sense. If Weed gets legalized, the entire sector is going to go up in value. Everyone has Health Coverage under Obamacare, therefore statistically most of the Healthcare sector should take a bump. CVS doesn't sell tobacco, that 2 Billion Dollars has to trickle somewhere. If you think Walgreens gets any bump in potential profits, the stock price is likely to go up in value. They're buying drug chains in South Carolina and the United Kingdom.

:whoosh:

 

[SacramentoBob]

We've moved on to the next attention whore, sorry Em.

 

[jamny]

We've moved on to the next attention whore, sorry Em.

It was fun while it lasted though.

Thanks for the laughs.

 

[TheIronSheik]

We've moved on to the next attention whore, sorry Em.

Who is it? I haven't been on that much over the past couple weeks.

 

[bushdocda]

It's still real to me dammit

 

[Eminence]

Now is a great time to buy HEMP. $0.1491 a share!

You're welcome.

didnt you sell at 0.08?

Dude, I already made my profit off that. Get over that, this is February 19th. You want to make money or not?

 

[Eminence]

Got my federal return in, it was $721. I placed it directly on my credit card with the largest balance and it's now down to $700.

$900 Midland.

$700 First Premier

$500 Bill Me Later

Only $1,600 remaining in credit debt. Bill Me Later only reports to credit bureaus if you don't pay. I've been making monthly payments so I'm fine. My credit score should see significant increase once I get this to zero.

I don't think you understand how credit scores work.

What, you mean when the credit burea's send me my credit score and list:

"Unusually high balances" as a reason my score isn't higher that lowering the balances isn't going to increase my credit score? Who has a better credit rating? Someone who owes $3,000? Or someone who owes nothing and continues to pay all his bills on time?

 

[Eminence]

We've moved on to the next attention whore, sorry Em.

Fine, don't read the thread and don't make money. This is a rags to #####es story right here.

#boondocks

 

[Eminence]

We've moved on to the next attention whore, sorry Em.

It was fun while it lasted though.

Thanks for the laughs.

Again, don't read. I'll be happy hanging with my real friends.

 

[Cliff Clavin]

Got my federal return in, it was $721. I placed it directly on my credit card with the largest balance and it's now down to $700.

$900 Midland.

$700 First Premier

$500 Bill Me Later

Only $1,600 remaining in credit debt. Bill Me Later only reports to credit bureaus if you don't pay. I've been making monthly payments so I'm fine. My credit score should see significant increase once I get this to zero.

I don't think you understand how credit scores work.

What, you mean when the credit burea's send me my credit score and list:

"Unusually high balances" as a reason my score isn't higher that lowering the balances isn't going to increase my credit score? Who has a better credit rating? Someone who owes $3,000? Or someone who owes nothing and continues to pay all his bills on time?

You're proving his point, sparky.

 

[Eminence]

Got my federal return in, it was $721. I placed it directly on my credit card with the largest balance and it's now down to $700.

$900 Midland.

$700 First Premier

$500 Bill Me Later

Only $1,600 remaining in credit debt. Bill Me Later only reports to credit bureaus if you don't pay. I've been making monthly payments so I'm fine. My credit score should see significant increase once I get this to zero.

I don't think you understand how credit scores work.

What, you mean when the credit burea's send me my credit score and list:

"Unusually high balances" as a reason my score isn't higher that lowering the balances isn't going to increase my credit score? Who has a better credit rating? Someone who owes $3,000? Or someone who owes nothing and continues to pay all his bills on time?

You're proving his point, sparky.

Someone please explain this slowly for me then.

 

[Eminence]

As of right now:

I have 2,645 shares of HEMP stock purchased at $0.16 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

 

[[icon]]

As of right now:

I have 2,645 shares of HEMP stock purchased at $16.00 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

Math.

 

[Eminence]

As of right now:

I have 2,645 shares of HEMP stock purchased at $0.16 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

My gameplan for this year is to acquire as many shares of Google (GOOG) as possible. I hope to have 4 - 5 shares of Google by the end of the year. It's just a smart move to make as there are few stocks that are going to retain value better than Google.

On February 27th, I will have $198.53 of Walgreens Stock available to sell. I plan on throwing this into HEMP or another Marijuana stock that I feel is a buy-low. For instance, I've got about $450 invested in HEMP right now. I plan to have $620 invested into one of these stocks come the 27th.

On March 31st, I will have $503.18 of Walgrens Stock available to sell. I may get risky and combine this with the $620 and try to make a few $100 gains off of Marijuana stocks. If I get burned, I'll end up selling and converting this money into GOOG stock.

On May 1st, I will have $649.17 of Walgreens Stock available to sell. At this point, I should have ample money available to play around with and will 100% purchase at least one share of Google.

#monsanto

 

[jamny]

As of right now:

I have 2,645 shares of HEMP stock purchased at $16.00 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

Math.

 

[Eminence]

As of right now:

I have 2,645 shares of HEMP stock purchased at $16.00 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

Math.

Yeah, calculate the current worth of those stocks and get back to me.

 

[Eminence]

As of right now:

I have 2,645 shares of HEMP stock purchased at $16.00 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

Math.

Same to you. Calculate how much those stocks are currently worth. I listed what I bought them for.

 

[Eminence]

Also, recently enrolled in Walgreens Profit Sharing plan. Pretty much:

1.) I invest 4% of my income.

2.) Walgreens matches 1:1.

3.) I choose what to invest in.

I chose:

1.) A Small Cap Stock Market Index Fund

2.) Small / Mid Company Fund
3.) Large Company Fund

I expect a 10% growth on top of what Walgreens is matching.

EDIT: It's a ROTH Account or whatever you guys were rambling about a few pages ago.

 

[jamny]

As of right now:

I have 2,645 shares of HEMP stock purchased at $16.00 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

Math.

Same to you. Calculate how much those stocks are currently worth. I listed what I bought them for.

Really?

 

[sublimeone]

Got my federal return in, it was $721. I placed it directly on my credit card with the largest balance and it's now down to $700.

$900 Midland.

$700 First Premier

$500 Bill Me Later

Only $1,600 remaining in credit debt. Bill Me Later only reports to credit bureaus if you don't pay. I've been making monthly payments so I'm fine. My credit score should see significant increase once I get this to zero.

I don't think you understand how credit scores work.

What, you mean when the credit burea's send me my credit score and list:

"Unusually high balances" as a reason my score isn't higher that lowering the balances isn't going to increase my credit score? Who has a better credit rating? Someone who owes $3,000? Or someone who owes nothing and continues to pay all his bills on time?

You're proving his point, sparky.

High credit card balances relative to your borrowing limit is definitely going to have a negative impact on your credit score.

 

[Eminence]

As of right now:

I have 2,645 shares of HEMP stock purchased at $16.00 a share.

I have 20.468 shares of WAG stock purchased at $51.89 a share.

Total Portfolio Worth:

$1,746.69

Math.

Same to you. Calculate how much those stocks are currently worth. I listed what I bought them for.

Really?

Are you referring to my typo? If that's the case, that's not exactly a math error. That's operator error, if you even took a minute or two to look at the real numbers instead of trying to have fun at my expense; you'd see that.

I'm sorry.

 

[DocHolliday]

I think you are talking about the company 401K plan. That is the best investment decision you have made. Seriously.

 

[DocHolliday]

We've moved on to the next attention whore, sorry Em.

It was fun while it lasted though.

Thanks for the laughs.

Again, don't read. I'll be happy hanging with my real friends.

Em is the most entertaining poster on this board. It is not even close.

 

[ntz08]

Also, recently enrolled in Walgreens Profit Sharing plan. Pretty much:

1.) I invest 4% of my income.

2.) Walgreens matches 1:1.

3.) I choose what to invest in.

I chose:

1.) A Small Cap Stock Market Index Fund

2.) Small / Mid Company Fund

3.) Large Company Fund

I expect a 10% growth on top of what Walgreens is matching.

EDIT: It's a ROTH Account or whatever you guys were rambling about a few pages ago.

 You should probably liquidate everything and buy powerball tix

 

[Sarnoff]

We've moved on to the next attention whore, sorry Em.

Who is it? I haven't been on that much over the past couple weeks.

Dude, where have you been? MOP is an eighth-grade math teacher now.

 

[[icon]]

Got my federal return in, it was $721. I placed it directly on my credit card with the largest balance and it's now down to $700.

$900 Midland.

$700 First Premier

$500 Bill Me Later

Only $1,600 remaining in credit debt. Bill Me Later only reports to credit bureaus if you don't pay. I've been making monthly payments so I'm fine. My credit score should see significant increase once I get this to zero.

I don't think you understand how credit scores work.

What, you mean when the credit burea's send me my credit score and list:

"Unusually high balances" as a reason my score isn't higher that lowering the balances isn't going to increase my credit score? Who has a better credit rating? Someone who owes $3,000? Or someone who owes nothing and continues to pay all his bills on time?

You're proving his point, sparky.

High credit card balances relative to your borrowing limit is definitely going to have a negative impact on your credit score.

Correct but if he's expecting a "Significant Increase" right off the back after having collections/delinquencies I think he's going to be sorely disappointed in the amount of rebound he's going to see.

 

[jwp]

Don't worry Em, in seven years that collection will come off.

 

[TheIronSheik]

We've moved on to the next attention whore, sorry Em.

Who is it? I haven't been on that much over the past couple weeks.

Dude, where have you been? MOP is an eighth-grade math teacher now.

Because of the winter weather, I've been off so much over the past 3 weeks. And I only come on here when I'm at work.

I hope MOP's first lesson is based on which pizza to buy based off of size and price.

 

[fantasycurse42]

We've moved on to the next attention whore, sorry Em.

Who is it? I haven't been on that much over the past couple weeks.

Dude, where have you been? MOP is an eighth-grade math teacher now.

Because of the winter weather, I've been off so much over the past 3 weeks. And I only come on here when I'm at work. I hope MOP's first lesson is based on which pizza to buy based off of size and price.

2 of my last 3 questions in his thread were pizza party related...

He hasn't responded