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 Posted: Wed Apr 8th, 2020 09:37 pm
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srossi

 

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wittman2 wrote: Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at
I would venture to say that’s a lot more than most start out with. You’re over-estimating most people’s savings. I think the important thing is to get your feet wet and get comfortable with it before investing too much anyway. 



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 Posted: Thu Apr 9th, 2020 12:47 pm
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wittman2

 

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So what would you recommend as a good starting point? a few hundred?



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 Posted: Thu Apr 9th, 2020 01:17 pm
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KGB

 

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srossi wrote: wittman2 wrote: Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at
I would venture to say that’s a lot more than most start out with. You’re over-estimating most people’s savings. I think the important thing is to get your feet wet and get comfortable with it before investing too much anyway. 

I'm still kicking myself for not getting in last month but so much of it boiled down to not feeling comfortable with any of the trading platforms.  There are so many conflicting reviews on all of them. 



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 Posted: Thu Apr 9th, 2020 01:29 pm
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srossi

 

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wittman2 wrote: So what would you recommend as a good starting point? a few hundred?
Whatever you're comfortable with.  You can increase the amount as you go.



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 Posted: Thu Apr 9th, 2020 01:29 pm
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srossi

 

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KGB wrote: srossi wrote: wittman2 wrote: Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at
I would venture to say that’s a lot more than most start out with. You’re over-estimating most people’s savings. I think the important thing is to get your feet wet and get comfortable with it before investing too much anyway. 

I'm still kicking myself for not getting in last month but so much of it boiled down to not feeling comfortable with any of the trading platforms.  There are so many conflicting reviews on all of them.

I've never had an issue with any of the major trading platforms.  Gemini is great and is owned by the Winklevoss Twins and is highly regulated, moreso than I want it to be.



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 Posted: Thu Apr 9th, 2020 03:43 pm
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krazykid18
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Gemini and Coinbase is what i use...coinbase has more coins

Last edited on Thu Apr 9th, 2020 03:44 pm by krazykid18

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 Posted: Sat Apr 25th, 2020 08:00 pm
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krazykid18
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hey srossi ,do you ever day trade with crypto and what are the fees or capital gains they hit you with?

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 Posted: Sat Apr 25th, 2020 10:09 pm
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srossi

 

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krazykid18 wrote: hey srossi ,do you ever day trade with crypto and what are the fees or capital gains they hit you with?
I’ve never day traded anything and I’ve never known anyone who’s made money doing it. The fees aren’t any different as far as I know, but you’ll surely come out ahead by just holding. 



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 Posted: Mon Apr 27th, 2020 05:49 pm
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KGB

 

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Anyone got any ideas about taking advantage of the dip in the oil market?



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 Posted: Mon Apr 27th, 2020 06:29 pm
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Franchise
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Oil looks pretty scary especially with the worldwide glut and a worldwide partial shutdown.

I’m not an investing master but I don’t see how oil makes a rebound anytime soon unless it is artificially propped up because in reality Saudi Arabia, Russia, Iran, Venezuela, etc etc could just flood the market.



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 Posted: Mon Apr 27th, 2020 06:40 pm
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KGB

 

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Franchise wrote: Oil looks pretty scary especially with the worldwide glut and a worldwide partial shutdown.

I’m not an investing master but I don’t see how oil makes a rebound anytime soon unless it is artificially propped up because in reality Saudi Arabia, Russia, Iran, Venezuela, etc etc could just flood the market.

I wouldn't be in any rush.  I'd just like to plunk down some money and then come back to it in the future.  I'm just not sure if buying stock in one of the big producing companies is the best route or if there are other opportunities. 



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 Posted: Mon Apr 27th, 2020 07:03 pm
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krazykid18
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KGB wrote: Franchise wrote: Oil looks pretty scary especially with the worldwide glut and a worldwide partial shutdown.

I’m not an investing master but I don’t see how oil makes a rebound anytime soon unless it is artificially propped up because in reality Saudi Arabia, Russia, Iran, Venezuela, etc etc could just flood the market.

I wouldn't be in any rush.  I'd just like to plunk down some money and then come back to it in the future.  I'm just not sure if buying stock in one of the big producing companies is the best route or if there are other opportunities. 

dump money on bitcoin and other cyber coins and hold
With the level it is at now, it will make a quick nice buck.. if i would have gotten in and threw good money when it was 4k and the other currencies were low, i would be happy but i got in two weeks ago with little money and have made decent gains

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 Posted: Mon Apr 27th, 2020 07:58 pm
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KGB wrote: Anyone got any ideas about taking advantage of the dip in the oil market?I’ve put a few grand into some oil stocks and have made money on them the last week or so..it can really only go up.



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 Posted: Mon Apr 27th, 2020 09:05 pm
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krazykid18
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Married Jo wrote: KGB wrote: Anyone got any ideas about taking advantage of the dip in the oil market?I’ve put a few grand into some oil stocks and have made money on them the last week or so..it can really only go up.
What oil stocks?
and is it to late to get in

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 Posted: Tue Apr 28th, 2020 03:22 am
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Married Jo



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krazykid18 wrote: Married Jo wrote: KGB wrote: Anyone got any ideas about taking advantage of the dip in the oil market?I’ve put a few grand into some oil stocks and have made money on them the last week or so..it can really only go up.
What oil stocks?
and is it to late to get in

Well, I bought a bunch of Marthon Oil at the beginning of April at around $3.30 a share and it closed today at $4.85 a share. It's 52 week high is $17..this eventually will make me some decent money. I also bought a lot of Callon Petroleum at .46 cent a share, it's 52 week high is almost $9 and they've been around since 1950, they're not in a great financial situation right now but I think they'll be ok..on Friday it was trading at .70 cent a share, a lot of day traders with big bank accounts made a lot of money off them on Friday. I don't expect them to get back to $9 for a long time but I could see myself hitting it real lucky on this one down the road with not a lot invested into it..and even if I lose what I put in, eh, it's gambling, it's not going to kill me..



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