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Retirement, Loan, Financial Advice


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#81 Mike in STL

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Posted 16 August 2018 - 12:03 AM

I thought we had a financial advice or investment section, but I can't seem to find it. 

 

Anyway, I don't know the first thing about stocks. Never bought one traded one or sold one. But I see that the company that owns MoviePass, Helios & Matheson Analytics (HMNY) has plummeted to $0.05 a share. In the last year it spiked at $9,714.38 a share at one point. It closed one day in October 2017 at $8,225.00 a share. For a 7 month stretch it was over $1,000.00 a share. But dropping every day since April an is now almost worthless.

 

So...is this the time to spend $100, buy 2,000 shares of this. If the company rebounds and shares go up to $500.00, 2,000 shares is worth $1M. 

 

Or if the company has the next great idea and their stock spikes one day at $9,000 again, cash that puppy out for $18M.

 


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#82 BSLChrisStoner

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Posted 16 August 2018 - 07:18 AM

Date funds. At your age, be fairly aggressive. Set it, and forget it.

If you'd like to speak to an advisor, I have plenty I can recommend.



#83 The Epic

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Posted 16 August 2018 - 08:05 AM

We definitely had financial advice thread. I'm sure of it. Or maybe it was stuck in the "random stuff" thread. 

 

I only remember that because I'm going to repeat what I said before about financial advisors. I would strongly suggest one if you have literally no idea what you're doing (and you will listen to -everything- they say), or if you need a hefty push in the right direction. However, there are some sharks out there, and a lot of them are in it just to push you toward items that they're being paid under the table to sell. Whether it's legal or not, these people exist. I know these people. 

 

In short, #1 do your research, #2 if Stoner has a good history with these advisors, talk to him (Stoner seems like a trustworthy guy).

 

Re: HMNY, I would be VERY surprised if it lasted the next 18 months..their model isn't viable. But throwing a few bucks in its direction can't hurt. Just don't go hog-wild, because it's likely a lottery ticket at this point. 



#84 Mackus

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Posted 16 August 2018 - 08:15 AM

I thought we had a financial advice or investment section, but I can't seem to find it. 

 

Anyway, I don't know the first thing about stocks. Never bought one traded one or sold one. But I see that the company that owns MoviePass, Helios & Matheson Analytics (HMNY) has plummeted to $0.05 a share. In the last year it spiked at $9,714.38 a share at one point. It closed one day in October 2017 at $8,225.00 a share. For a 7 month stretch it was over $1,000.00 a share. But dropping every day since April an is now almost worthless.

 

So...is this the time to spend $100, buy 2,000 shares of this. If the company rebounds and shares go up to $500.00, 2,000 shares is worth $1M. 

 

Or if the company has the next great idea and their stock spikes one day at $9,000 again, cash that puppy out for $18M.

 

I had never heard of MoviePass until they ran out of money a few weeks ago and that hit the news.  Someone like Bob who apparently uses it might be able to tell you more about if he thinks they will be able to recover.

 

If you are just looking for something fun to do with a couple hundred bucks, sure, throw it at MoviePass if you like.  But assume that you will lose every cent you put in, like if you had invested in Bitcoin last winter. 

 

 

If you are looking for something to do with actual savings for your retirement or whatever you are saving for, and you don't have the time and inclination to do tons and tons of research on your own stocks, then I'd suggest index funds.  Let some fund manager do the work for you.  S&P has been killing it since just before the election and should continue to do so.  If you're gonna pick individual stocks, go for rock solid companies that always go up.  You may only get a fraction of a share since the prices are so high, but companies like Apple and Google seem to always go up.  That's a safe investment, IMO.



#85 The Epic

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Posted 16 August 2018 - 08:27 AM

Also, to be fair, if you're throwing money at stocks in the hopes that it will blow up in the future, might I suggest stocks that invest in marijuana?


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#86 Mike in STL

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Posted 16 August 2018 - 10:01 AM

Thanks all. We put a comfortable amount of money away for retirement every month into an IRA. Aggressively for now since we're young. 

 

I was kind of just curious if this works like say, a lotto ticket or a gambling ticket. Buy stocks. Hit the cash out button when ever, cut me a check, end of transaction. Or, the stock hits $0.00 and you lose what ever you put in. I'll let our investment guy move money around from this stock or stock and get my quarterly report in the mail. But if I want to put $100 in something, is it really a lot more confusing than just buying it, watching it, selling it, getting a check if the stock doesn't hit $0.00?


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#87 Mackus

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Posted 16 August 2018 - 10:03 AM

Not too much more.  Some tax implications from dividends and/or capital gains.


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#88 Mike in STL

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Posted 18 July 2023 - 07:36 PM

So I don’t know much about stocks, other than we deposit on a Roth IRA every month and hope it grows.

Looks like tomorrow you can buy stock in the Atlanta Braves. They have I guess separate from the conglomerate they were under?

They way sports teams values never go down, this would be a wise investment? Right? Everytime there is a new broadcast deal it probably boosts the team worth, right?
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