Does anyone play the stock market?

Nope, don't know any thing about it, every day they drop off the pots and utensils, and all the return container. I clean the kitchen, and work area to their spects. It get me $408.00 under the table a month, and it only takes a couple of hours a day. It's income, along with the money I get for my art, and my disability income, hubby get SS and he has a retirement pension.
We're not rich, but we don't need much.
 

Ah, okay - sounds like a good set-up.

I was just wondering how you'd get around all those complicated rules - not being able to use the same pan for meat and dairy, etc. That's a pretty clever way of dealing with it, and it seems like you make a nice little penny doing it - congrats. ;)
 
rkunsaw said:
You can make a small fortune in a short time in the stock market. Just start with a LARGE fortune.
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This I believe. When I was a 21-dealer, the people that came out ahead most of the time, had a lot of money they put into the game. Plus, they weren't fearful of losing, whether that had anything to do with it, I don't know (the fear part I mean).
 
Ina said:
Nope, don't know any thing about it, every day they drop off the pots and utensils, and all the return container. I clean the kitchen, and work area to their spects. It get me $408.00 under the table a month, and it only takes a couple of hours a day. It's income, along with the money I get for my art, and my disability income, hubby get SS and he has a retirement pension.
We're not rich, but we don't need much.
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Geez Ina,

You scored a cool job!! I cook that much for myself! And don't earn any dough:lofl:
 
I had a Dexus plan for many years that made me some good money. it had a safety net under it for seniors. markets good I played. started to go down I was automatically pulled out.

I was also heavily invested in Northrop Grumman as well. but in 2008 got a letter from them warning me a democrat my be president. proceed at your own risk. sure enough I had to drop it.

all my investments were rolled into one account. and the day after the election I sent it all overseas where it still waits. no way in hell was i gonna let some sticky fingered peckerhead in the WH touch a penny of my life's savings

401K. what a ripoff. If you've withdrawn any you know. get the shaft at both ends. in addition to paying tax's on the withdrawal, the amount you take out is added to your annual income. get knocked into a higher tax bracket?? tuff. drop your pants bend over and grab your ankles.
 
kcvet said:
I had a Dexus plan for many years that made me some good money. it had a safety net under it for seniors. markets good I played. started to go down I was automatically pulled out.

I was also heavily invested in Northrop Grumman as well. but in 2008 got a letter from them warning me a democrat my be president. proceed at your own risk. sure enough I had to drop it.

all my investments were rolled into one account. and the day after the election I sent it all overseas where it still waits. no way in hell was i gonna let some sticky fingered peckerhead in the WH touch a penny of my life's savings

401K. what a ripoff. If you've withdrawn any you know. get the shaft at both ends. in addition to paying tax's on the withdrawal, the amount you take out is added to your annual income. get knocked into a higher tax bracket?? tuff. drop your pants bend over and grab your ankles.
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Yep, I remember I had one when I worked at Intel. Then they downsized, and poof, away I went. Did get what I had in my 401K but I should say, what was left when they were finished with "their" cut, lol!
 
nwlady said:
Yep, I remember I had one when I worked at Intel. Then they downsized, and poof, away I went. Did get what I had in my 401K but I should say, what was left when they were finished with "their" cut, lol!
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and im finished with that scam
 
kcvet said:
and im finished with that scam
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Yeah, anything extra I have, will be savings from my own earnings, not some government scam, I'm with you KC. Being below poverty level has taught me a lot. One thing is I don't "need" everything I thought I did, and if I want something, pay cash. My ancestors had it right;)
 
nwlady said:
... One thing is I don't "need" everything I thought I did, and if I want something, pay cash. My ancestors had it right;)
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Truer words have never been spoken.

I've had a lot of people try to talk me into getting a Keogh plan since I'm self-employed. I tell 'em where to stick it. I'm doing fine with shoe-boxes in the closet and Bitcoins in my electronic wallet.
 
SifuPhil said:
Truer words have never been spoken.

I've had a lot of people try to talk me into getting a Keogh plan since I'm self-employed. I tell 'em where to stick it. I'm doing fine with shoe-boxes in the closet and Bitcoins in my electronic wallet.
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Hi Phil,

I actually kept my extra in a box, I think it was a shoe-box in fact, that was in the 70's when I was waitressing, and making tips, so I'd throw them in there. Before I knew it, I had quite a lot just saved in there. I'd like to get serious about researching on how to keep from using a bank. It's just too easy though, to auto-deposit etc. They make it easier all the time to have the run of our money. I mean when I actually think about it, I can't even "get" "my" money when I want it. Of course there's the ATM's, but still, I have to play by their rules, you know what I'm saying.

There are still folks that carry, and use cash, and I think they are the smart ones, Denise
 
nwlady said:
Hi Phil,

I actually kept my extra in a box, I think it was a shoe-box in fact, that was in the 70's when I was waitressing, and making tips, so I'd throw them in there. Before I knew it, I had quite a lot just saved in there. I'd like to get serious about researching on how to keep from using a bank. It's just too easy though, to auto-deposit etc. They make it easier all the time to have the run of our money. I mean when I actually think about it, I can't even "get" "my" money when I want it. Of course there's the ATM's, but still, I have to play by their rules, you know what I'm saying.

There are still folks that carry, and use cash, and I think they are the smart ones, Denise
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I always thought the mattress was the best place to hide it :playful: I've have a checking account for years. no problems. also have a debit card which means i carry no money at all
 
kcvet said:
I always thought the mattress was the best place to hide it :playful: I've have a checking account for years. no problems. also have a debit card which means i carry no money at all
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That's what I have now as well KC, no problems, except that it's in their hands ultimately. I think the mattress would be ok, but then a flood or fire ya know. I wonder what the odds are as far as which would actually be safer, the bank or my mattress?:playful:
 
This is sort of an old post, but I just wanted to throw my two-cents in. First, I want to say that 401(k)'s are a good thing, even though many folks got hit hard during the recession. I am not blaming anyone, but when we get involved in any type of venture where we are risking our money, we need to be hyper-vigilant. We each have an inherent responsibility to keep on top of what our money is doing. I was a day trader many years ago and the first thing that I learned was to educate myself on the workings of the market. I knew from the very start that I was like a minnow in the ocean. The big players will determine my success or failure and like Peter Lynch once said, "If you want to be successful, find someone who is and do what he/she is doing." This meant to me to find out what the big investors are investing in and either go with their choices or at least pick some of the other top stocks within the same sector, if they are more affordable.

During the Clinton years, we all made money during the dot com era, but that even proved to be a mistake for many. Billions were lost. Without going into the semantics of how it all played out, the simple truth is that the American people themselves were played like a cheap fiddle. Remember Alan Greenspan's warning about "irrational exuberance?" A lot of the financial channels and radio stations had warned us about the upcoming recession. However, many people did not react and move their money from stocks or bonds into safe money such as a money market fund, which most 401(k)'s have. Instead, many investors continued to hold their money into accounts that were invested into the S&P's or the NASDAQ markets. So, when the recession hit and the Dow was sitting at 14,000, it then plummeted to 6600 or somewhere in that area. It's easy to see why so many 401(k)'s were hit hard.

Like another poster here has already stated, "Don't gamble more that you can afford to lose." Are there some safe stocks? Sure, if you can afford to buy them. There is also other ways to look at investing. If you would buy GE, it may not move up or down much, but it is returning over 3% in dividends, which is higher than any bank is paying in interest. Verizon is paying over 4% and AT&T is paying over 5%. So, those would be good investments and being that they are top telecom stocks, which are considered good choices for the future development of the U.S. and world infrastructure, they are probably as safe as anything out there.

There is all kinds of free on-line literature that will aide a person to understanding the market and how to choose stocks or most anything else you would like to know. There's also people with all kinds of advice, some good, some bad. One of the best pieces of advice that I ever got was to never buy a stock that is on its way down. And; Don't try to time the market.

There is so much more to talk about when it comes to investing, but my advice is to proceed slowly and risk minimally. You can set up a Scottrade account and pay only $7.00 per trade. That would be $7.00 to buy and $7.00 to sell with no minimum. You can make one trade of 10 shares of GE or one trade of 1000 shares of Apple at $7.00 per trade. You can also buy no-load mutual funds at no cost to you. There are other types of trading also like, margin trading and short selling, but we can save those things for another day, if anyone is interested.

Happy investing!
 
Back just before the 2000 dotcom bust, I put my money in mutual funds as I was only earning 5% annually and the rest of the world almost 30%. It immediately dropped 40%. I've definitely recovered since then temporarily as the market is volatile and can drop at any time. I can't do much about my IRA which is a qualified plan or my 401K should that happen, but I've protected myself with annuities where I can annuitize at the higher of either the market value at the time or the value at the highest anniversary date should I need to. Of course, the annuitizing is not the best option as there is no beneficiary assignment, but it is there should I need to use it.
 
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LogicsHere said:
Back just before the 2000 dotcom bust, I put my money in mutual funds as I was only earning 5% annually and the rest of the world almost 30%. It immediately dropped 40%. I've definitely recovered since then temporarily as the market is volatile and can drop at any time. I can't do much about my IRA which is a qualified plan or my 401K should that happen, but I've protected myself with annuities where I can annuitize at the higher of either the market value at the time or the value at the highest anniversary date should I need to. Of course, the annuitizing is not the best option as there is no beneficiary assignment, but it is there should I need to use it.
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I have my Grandchildren's 529 plans filled with annuities through John Hancock and New York State Life. Over the years, they have done very well. Earlier in my life, I did some investing and I learned well. I have always been very vigilant with keeping an eye on our money and moving it in and out of funds as the program allows. If I would have ignored my money, it would have been an egregious error on my part, especially during recessionary times.
 
Just checked...Apple is up 50% in one year. This is truly a buy signal, especially with iPhone 6 Plus coming out shortly and already has back-orders.
 
Ina said:
When my granddaughter was born in '84 I purchased $500. worth of electric and gas stock. Does that count? I still have it too. It's for my great-granddaughter's college fund.:wave:
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Did you buy actual natural gas or was it from a company like Columbia Gas? What electric company did you buy from? If it was from a company that has made a lot of acquisitions like Duke or Progressive Energy, you may be rich and not even know it, depending on how much you bought. (Those companies have mostly done extremely well.)

That was always my problem. I sometimes bought the right stock that went up way over expectations and either I didn't buy enough or I sold too soon. I guess sometimes I was trigger happy and I would think; WOW!! I'm up 30% and sell and then the stock would continue up. I have a problem with being patient.

At one of the investing seminars that I went to the moderator suggested that when you buy a stock and the stock goes up quickly to sell what you have invested (getting your original investment back) and to leave invested what you have made in the stock. That way you are using your profit to make more money, hopefully. Like the man says, "There are NO guarantees."
 
Hi Oldman, Thirty years ago, a perspective came in the mail from Entex and Houston Lighting and Power. I had no clue other than from playing monopoly. I have never used money for stuff other than necessities, and I had saved up $500. in my emergency fund. It seemed like a good idea, so I bought. Those names became Reliant Energy and Center Point. Yes it is worth much more now, but it's my promise to my great-grandchildren. Before we lost our business we sent 7 of 9 grandchildren through college. Two of them went to trade schools.
 
Ina said:
Hi Oldman, Thirty years ago, a perspective came in the mail from Entex and Houston Lighting and Power. I had no clue other than from playing monopoly. I have never used money for stuff other than necessities, and I had saved up $500. in my emergency fund. It seemed like a good idea, so I bought. Those names became Reliant Energy and Center Point. Yes it is worth much more now, but it's my promise to my great-grandchildren. Before we lost our business we sent 7 of 9 grandchildren through college. Two of them went to trade schools.
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That's very kind and generous of you. Your Great-Grandchildren should be grateful for having such a kind Great Grandfather. I am going to send you a PM.
 

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