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Finance & Investing

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  • Speedy
    #Ace
    • Apr 2008
    • 16168

    #1

    Finance & Investing

    Hello fellow OSers..

    Curious what options some of you pursue with investments? Do you do it on own your own, have a financial advisor move your money around, etc.?
    Originally posted by Gibson88
    Anyone who asked for an ETA is not being Master of their Domain.
    It's hard though...especially when I got my neighbor playing their franchise across the street...maybe I will occupy myself with Glamore Magazine.
  • cjonesfan921
    UGH, next year
    • Jan 2005
    • 20083

    #2
    Re: Finance & Investing

    Honestly, only need to do one thing if you're a common man. Invest in the index fund, either SPY or VOO.

    You can have more aggressive investing with money you can spare to be aggressive with and that's all.

    If you're a high net worth person, I'd still focus on the index fund investing but also sprinkle in some private equity investing.

    I do it on my own, to answer your question. I've done super aggressive and lost it all and I've also done the boring index investing and have had good success. I've also had success in real estate but it comes with major headaches and getting lucky with the post-covid market surge. I dumped one extremely poor producing multi-fam for a decent profit. My business partner and I tried to dabble into Airbnb properties in FL but have had to shift to longer term rentals there. They're not totally self-sufficient but hoping they both eventually are.

    Comment

    • Master Live 013
      Hall Of Fame
      • Oct 2013
      • 12418

      #3
      Re: Finance & Investing

      If you don't mind me asking, why did you shift out of going in into Airbnb properties?
      OSHA Inspector for the NBA.

      Comment

      • Blzer
        Resident film pundit
        • Mar 2004
        • 42546

        #4
        Re: Finance & Investing

        Old thread here:

        https://forums.operationsports.com/f...ng-thread.html
        Samsung PN60F8500 PDP / Anthem MRX 720 / Klipsch RC-62 II / Klipsch RF-82 II (x2) / Insignia NS-B2111 (x2) / SVS PC13-Ultra / SVS SB-2000 / Sony MDR-7506 Professional / Audio-Technica ATH-R70x / Sony PS3 & PS4 / DirecTV HR44-500 / DarbeeVision DVP-5000 / Panamax M5400-PM / Elgato HD60

        Comment

        • EUBlink
          Heyoka.
          • Dec 2005
          • 1036

          #5
          Re: Finance & Investing

          With all seriousness, I would recommend going with whatever Nancy Pelosi is doing and just copying her for awhile and seeing where that takes you. There are multiple websites already set up to help you but you can message me privately if you would like further tips on which websites to follow or avoid.


          Pelosi's portfolio is up 110% just this year. Forbes backs this up in an article that was written March 13th of this year. Is it ethical that our representatives have insider knowledge of the stock market and use that knowledge to make themselves insanely wealthy? That's for a discussion we won't have here at OperationSports, but the fact still remains that we have the ability to verifiably track her stock portfolio movements and then copy them ourselves to have the same or similar results if we have the capital to put into the market and play with.

          Comment

          • cjonesfan921
            UGH, next year
            • Jan 2005
            • 20083

            #6
            Re: Finance & Investing

            Originally posted by Master Live 013
            If you don't mind me asking, why did you shift out of going in into Airbnb properties?
            At least in Kissimmee, it's over saturated. We were not getting booked at rates that made sense and these HOA fees just keep going up.

            We also bought at a relative high in 2022 and needed to have stable money coming in. We've rented 4 out of the 6 rooms consistently which helps pay 90% of the expenses every year.

            I think in other places, it still makes sense.

            Comment

            • tarheelguy4736
              Pro
              • Aug 2006
              • 848

              #7
              Re: Finance & Investing

              I have been using betterment, since I am a novice at this stuff. I just let the site manage it and I have had almost 15% returns since I started it a few years ago, which is pretty good.

              Comment

              • studbucket
                MVP
                • Aug 2007
                • 4558

                #8
                Re: Finance & Investing

                To echo cjonesfan, indexes are a great and simple way to invest. Look up "Couch Potato Portfolios". They give you reasonable risk management in a very simple set of indexes.


                You can certainly do more complex stuff than that, but it's pretty simple.

                I also believe strongly in Vanguard and how they are modeled around long-term, buy-and-hold, dollar-cost-averaging investing. Unless you're spending 20+ hours a week doing research, market timing is a fools errand.
                ๐Ÿ€The Bulgarian Brothers - a story of two brothers (Oggy and Dinko) as they coach in the NCAA and the NBA.

                Comment

                • Blzer
                  Resident film pundit
                  • Mar 2004
                  • 42546

                  #9
                  Re: Finance & Investing

                  Not financial advice.

                  $GME is about to explode this month, starting with a runup tomorrow.

                  I'm about 17,000 shares in and am about to add in another $30,000 to whatever the premarket stock price is. Buckle up.
                  Samsung PN60F8500 PDP / Anthem MRX 720 / Klipsch RC-62 II / Klipsch RF-82 II (x2) / Insignia NS-B2111 (x2) / SVS PC13-Ultra / SVS SB-2000 / Sony MDR-7506 Professional / Audio-Technica ATH-R70x / Sony PS3 & PS4 / DirecTV HR44-500 / DarbeeVision DVP-5000 / Panamax M5400-PM / Elgato HD60

                  Comment

                  • EUBlink
                    Heyoka.
                    • Dec 2005
                    • 1036

                    #10
                    Re: Finance & Investing

                    Originally posted by Blzer
                    Not financial advice.

                    $GME is about to explode this month, starting with a runup tomorrow.

                    I'm about 17,000 shares in and am about to add in another $30,000 to whatever the premarket stock price is. Buckle up.
                    I was going to say as long as Keith Gill (Roaring Kitty) isn't talking much, there may not be much to it, but then I see that he has been active on X and Reddit during the month of May, which is his first substantial movement since 2021. Ahhh hell.

                    Comment

                    • Blzer
                      Resident film pundit
                      • Mar 2004
                      • 42546

                      #11
                      Re: Finance & Investing

                      Originally posted by EUBlink
                      I was going to say as long as Keith Gill (Roaring Kitty) isn't talking much, there may not be much to it, but then I see that he has been active on X and Reddit during the month of May, which is his first substantial movement since 2021. Ahhh hell.
                      Absolutely.

                      Anyway, I love to be a part of any runup, but as always I wish I got in with this all earlier. Was able to snag 711 more shares this morning.

                      For some reason I have $3,666.80 as part of my "core position" held into SPAXX, and I don't know how to move it and make it available for trading. Anyone have any ideas on that?
                      Samsung PN60F8500 PDP / Anthem MRX 720 / Klipsch RC-62 II / Klipsch RF-82 II (x2) / Insignia NS-B2111 (x2) / SVS PC13-Ultra / SVS SB-2000 / Sony MDR-7506 Professional / Audio-Technica ATH-R70x / Sony PS3 & PS4 / DirecTV HR44-500 / DarbeeVision DVP-5000 / Panamax M5400-PM / Elgato HD60

                      Comment

                      • Blzer
                        Resident film pundit
                        • Mar 2004
                        • 42546

                        #12
                        Re: Finance & Investing

                        Lots of stocks absolutely tanking, and I mean actually crashing.

                        BRK.A, SMR, BMO, GOLD, even CMG... all down 99%.

                        Buckle up.

                        EDIT: BMO back up (that's Bank of Montreal by the way).

                        SECOND EDIT: Looks like some of them got fixed. Not sure what happened. I tried to get in on Berkshire Hathaway during the trade halt, but my orders got rejected.
                        Last edited by Blzer; 06-03-2024, 11:46 AM.
                        Samsung PN60F8500 PDP / Anthem MRX 720 / Klipsch RC-62 II / Klipsch RF-82 II (x2) / Insignia NS-B2111 (x2) / SVS PC13-Ultra / SVS SB-2000 / Sony MDR-7506 Professional / Audio-Technica ATH-R70x / Sony PS3 & PS4 / DirecTV HR44-500 / DarbeeVision DVP-5000 / Panamax M5400-PM / Elgato HD60

                        Comment

                        • EUBlink
                          Heyoka.
                          • Dec 2005
                          • 1036

                          #13
                          Re: Finance & Investing

                          I only wish similar rallies would hit better companies than Gamestop. I know that it is one of the last widespread/large chain brick-and-mortar gaming stores these days in America, but I feel they don't offer their customers substantial reason to continue to return to stores when compared to other business and online options. I get reasoning for getting in on it, though. I did the same with the last one.



                          I see that BRK and GOLD both are nearing ending positive for the day. Crude oil is down nearly $3, but that isn't anything most folks are concerned with. I have three stakes that I still have ties to but I have learned to no rely on that kind of investment for any steady or reliable income.

                          Comment

                          • Blzer
                            Resident film pundit
                            • Mar 2004
                            • 42546

                            #14
                            Re: Finance & Investing

                            Originally posted by EUBlink
                            I only wish similar rallies would hit better companies than Gamestop. I know that it is one of the last widespread/large chain brick-and-mortar gaming stores these days in America, but I feel they don't offer their customers substantial reason to continue to return to stores when compared to other business and online options. I get reasoning for getting in on it, though. I did the same with the last one.
                            If everything I've been on the up-and-up with GameStop is seemingly correct, they're transitioning from a traditional brick-and-mortar retail model to a more diversified digital and e-commerce strategy.

                            I guess that's what hedge funds get for trying to short this company into oblivion.

                            I see that BRK and GOLD both are nearing ending positive for the day. Crude oil is down nearly $3, but that isn't anything most folks are concerned with. I have three stakes that I still have ties to but I have learned to no rely on that kind of investment for any steady or reliable income.
                            BRK.A's downpour and halt are extremely, extremely suspicious. I think somebody got liquidated and margin-called, and they performed some heinous "glitch" to purchase some shares low and come out on top with an extra $17 million to cover their losses.

                            When you start seeing more glitches like this, then glitch better have my money soon because this crime can't last forever.
                            Samsung PN60F8500 PDP / Anthem MRX 720 / Klipsch RC-62 II / Klipsch RF-82 II (x2) / Insignia NS-B2111 (x2) / SVS PC13-Ultra / SVS SB-2000 / Sony MDR-7506 Professional / Audio-Technica ATH-R70x / Sony PS3 & PS4 / DirecTV HR44-500 / DarbeeVision DVP-5000 / Panamax M5400-PM / Elgato HD60

                            Comment

                            • cjonesfan921
                              UGH, next year
                              • Jan 2005
                              • 20083

                              #15
                              Re: Finance & Investing

                              Originally posted by Blzer
                              Not financial advice.

                              $GME is about to explode this month, starting with a runup tomorrow.

                              I'm about 17,000 shares in and am about to add in another $30,000 to whatever the premarket stock price is. Buckle up.
                              You have half a mill in GME? Unless you're worth 10M, that's incredibly risky my friend.

                              Comment

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