Forum  •  Rules!  •  Active topics  •  Search
torontospots, 17 October 2013, 20:16
Reply      
CTspotter458 wrote:
topgearstig wrote:
Most of us cant invest in stocks... we are not old enough...

My friends parents both work stocks and he has about 7000$ in stocks right now

He is my age and has been doing it since we were 12 lol

It's a good business if you do it right. I watch a show called Dragons Den (similar to Shark Tank) and there was a 15 year old who had been investing his parents money for years. He had created a program to successfully monitor stocks!

torontospots
MrCar, 17 October 2013, 20:36
Reply      
I just checked, their stocks have SKYROCKETED!

MrCar
torontospots, 17 October 2013, 20:37
Reply      
MrCar wrote:
I just checked, their stocks have SKYROCKETED!

In the past year yes, but I'm curious about the future. :)

torontospots
CTspotter458, 17 October 2013, 20:37
Reply      
MrCar wrote:
I just checked, their stocks have SKYROCKETED!

theyre down today

CTspotter458
from Newtown, Connecticut
MrCar, 17 October 2013, 20:38
Reply      
When Chrysler went bankrupt, did all the people who bought stocks in them stop receiving pay?
(I don't know much in stocks)

MrCar
cartmen220, 17 October 2013, 20:46
Reply      
torontospots wrote:
CTspotter458 wrote:
topgearstig wrote:
Most of us cant invest in stocks... we are not old enough...

My friends parents both work stocks and he has about 7000$ in stocks right now

He is my age and has been doing it since we were 12 lol

It's a good business if you do it right. I watch a show called Dragons Den (similar to Shark Tank) and there was a 15 year old who had been investing his parents money for years. He had created a program to successfully monitor stocks!

There are also kids graduating from college at that age. Doesn't mean it's smart for normal kids to try to follow in their footsteps. That being said, I bought my first stock when I was 16 (parents let me play with a small amount of money). Had absolutely no idea wtf I was doing. You think you know, but you don't. Lost 40% within a year. I didn't touch that account for a year or two after that. Came back, made back everything I lost and then some but it was mostly because of a market upswing. If you're okay with losing 100% of the money you're investing, go for it, give it a whirl.

If that kid actually created a program to monitor stocks/invest on his behalf, he wouldn't be on dragons den seeking cash. He'd be milking his program and making himself bank and/or working for a hedge fund in which case, he wouldn't be on dragons den either.
Last modified by cartmen220, 18 October 2013, 00:47

cartmen220
from New Jersey
cartmen220, 17 October 2013, 20:58
Reply      
MrCar wrote:
When Chrysler went bankrupt, did all the people who bought stocks in them stop receiving pay?
(I don't know much in stocks)

Chrysler wasn't a publicly traded company, if I remember correctly, so no average joe owned Chrysler stock. It was probably run by some private equity firm.

edit: and now belongs to fiat.

When you buy stock in a company though, you don't just receive pay. You can receive dividends which are a percentage of the profits earned by the company but those are disbursed only a handful of times a year. Some companies don't even offer dividends for common stockholders. If a company isn't giving out dividends, the money should be going back into the company to generate more revenue/profits and thus increasing the value of the stock which you own and can later sell for a profit.
Last modified by cartmen220, 18 October 2013, 01:00

cartmen220
from New Jersey
torontospots, 17 October 2013, 20:59
This post was deleted 18 October 2013, 01:06 by torontospots

torontospots
torontospots, 17 October 2013, 21:06
Reply      
cartmen220 wrote:
torontospots wrote:
CTspotter458 wrote:
topgearstig wrote:
Most of us cant invest in stocks... we are not old enough...

My friends parents both work stocks and he has about 7000$ in stocks right now

He is my age and has been doing it since we were 12 lol

It's a good business if you do it right. I watch a show called Dragons Den (similar to Shark Tank) and there was a 15 year old who had been investing his parents money for years. He had created a program to successfully monitor stocks!

There are also kids graduating from college at that age. Doesn't mean it's smart for normal kids to try to follow in their footsteps. That being said, I bought my first stock when I was 16 (parents let me play with a small amount of money). Had absolutely no idea wtf I was doing. You think you know, but you don't. Lost 40% within a year. I didn't touch that account for a year or two after that. Came back, made back everything I lost and then some but it was mostly because of a market upswing. If you're okay with losing 100% of the money you're investing, go for it, give it a whirl.

If that kid actually created a program to monitor stocks/invest on his behalf, he wouldn't be on dragons den seeking cash. He'd be milking his program and making himself bank and/or working for a hedge fund in which case, he wouldn't be on dragons den either.


Firstly, I am very interested in business also, and you have to start learning somewhere. I'm being careful but I have an adviser from a bank therefore, I do have smart help.
Secondly, He may have been on the den for help advertising and gaining attention. Also, without insane luck it is impossible to gain huge returns on the market. He needed more money to deal with and invest.

torontospots
CTspotter458, 17 October 2013, 21:18
Reply      
Is there like a game where i can play with the real stock market but fake money???

Not GTA lol

CTspotter458
from Newtown, Connecticut
cartmen220, 17 October 2013, 21:19
Reply      
torontospots wrote:

Firstly, I am very interested in business also, and you have to start learning somewhere. I'm being careful but I have an adviser from a bank therefore, I do have smart help.
Secondly, He may have been on the den for help advertising and gaining attention. Also, without insane luck it is impossible to gain huge returns on the market. He needed more money to deal with and invest.

You should try out thinkorswim papermoney by TD ameritrade if you haven't already and you're really interested in this stuff. It's probably the best virtual trading software out there.

CTspotter458 wrote:
Is there like a game where i can play with the real stock market but fake money???

Not GTA lol

This works for you too lol was replying to him before I saw your comment :P
Last modified by cartmen220, 18 October 2013, 01:20

cartmen220
from New Jersey
torontospots, 17 October 2013, 21:20
Reply      
cartmen220 wrote:
torontospots wrote:

Firstly, I am very interested in business also, and you have to start learning somewhere. I'm being careful but I have an adviser from a bank therefore, I do have smart help.
Secondly, He may have been on the den for help advertising and gaining attention. Also, without insane luck it is impossible to gain huge returns on the market. He needed more money to deal with and invest.

You should try out thinkorswim papermoney by TD ameritrade if you haven't already and you're really interested in this stuff. It's probably the best virtual trading software out there.

I've tried out virtual already. I'm also putting some into GICs to guarantee some return on some money.

torontospots
torontospots, 17 October 2013, 21:21
Reply      
CTspotter458 wrote:
Is there like a game where i can play with the real stock market but fake money???

Not GTA lol

On top of what was already suggested this is good: http://www.investopedia.com/

torontospots
zonka-81, 17 October 2013, 21:21
Reply      
The dealership I work for is considering partnering up with Tesla
Deleted account
torontospots, 17 October 2013, 21:23
Reply      
zonka-81 wrote:
The dealership I work for is considering partnering up with Tesla

What dealership? How big a deal would it be?

torontospots
Post a reply