Did I kill the rant thread? If yes, I will remove my rant. The others rants and future rants deserve a place on the forum.
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TORT: The ONSC Rant Thread (4 Viewers)
- Thread starter JohnVee
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If you do remove it, I'll go on a merciless rant about people being too afraid of offending people and cowardly removing their opinons... 
Nah - I think you just buzz killington'd it a bit.
Let me tell you a story about a bridge....
Nah - I think you just buzz killington'd it a bit.
Let me tell you a story about a bridge....
Understood. I just get pissed when people get ripped off.
Buzz Killington over and out.
Buzz Killington over and out.
David70FJ40
Older Than Most
Not really! Just not worth ranting about.
My rant: Why is it so damn hard to quote a post when you're on here on an IPhone? I can't figure out how to do it.
My rant: Why is it so damn hard to quote a post when you're on here on an IPhone? I can't figure out how to do it.
Hey! I just figured it out! Woohoo! Can I get a fan-freakintastic. Looks awesome. Congrats (FFTLAC)?
slceso
... pronounced "Jason"
Haha, I thought this was going to be one of those boiler room penny stock spam emails. I just tell my IRA guy to keep what he thinks is fair. My account has been flat since I stopped contributing 2 years ago, lol. I know, in this economy...
That was a good rant. When I did my MBA a few years back, we had to spend a few weeks researching the top performing stocks in several different manners... What they pay their CEO's, current events, PE ratios, stock trends, etc... It was rather grueling. At the end, the Professor (a rather renowned-in-his-field guy) told us: "If this isn't what you do for a living, don't bother trying to do the research on your own. It's not worth it, you'll never do it right. Do what I do; invest in Index Funds. Period. Whatever section of the market you're interested in, there's an Index Fund that will likely outperform the individual stock. I don't mess with anything else and I teach this stuff." I listened, dumped a bunch of cash in to a Moderate Risk Tech Index, and it performs fine. The best thing is that the fees are super low. When I had an investor, my account was losing year after year and yet I still had to pay ludicrous fees.
My MBA sparked this rant as well. Warren Buffett is just piling on. Get an index and move on.
Index funds are fine. But if you're able, getting positions in individual dividend yielding stocks is better.
I made 42% on Norfolk Southern railroad in the last 9 months.
And over 30% on a few others.
Frankly in all the 10 stocks I have positions in, only one has lost any money at all and I'm up over 19% overall in the last 9 months. Dividends REALLY make a big difference in that growth.
I made 42% on Norfolk Southern railroad in the last 9 months.
And over 30% on a few others.
Frankly in all the 10 stocks I have positions in, only one has lost any money at all and I'm up over 19% overall in the last 9 months. Dividends REALLY make a big difference in that growth.
O yeah, the really fun stuff. Do you pay someone to manage it for you?
I know people paying AM's that are returning close to zero after fees. That is the nonsense I am talking about. This is happening with billions of dollars and will probably get worst as trillions move down to the next generation.
I know people paying AM's that are returning close to zero after fees. That is the nonsense I am talking about. This is happening with billions of dollars and will probably get worst as trillions move down to the next generation.
I think the point here, that Warren Buffet would make, as well, is that unless you are ready to "marry" a stock, know its background, know its business, know its future cash flows in present value and can understand why there is a long term value to that stock, you should probably not invest.
The extreme cliff notes version of my courses in investing in my MBA for STOCKS is basically what everyone is saying here:
1. For your stock investments, use a total market index fund with the lowest possible cost. Vanguard leads here. Think of this as your "bank account" for your stock investments
2. Do your research and "marry" your Norfolk Southern's etc after thorough research looking at PV on FCF
Dividend yield would be an important facet of the value of a stock, to me. I think it is way over looked in modern investing.
New documentary on Warren Buffet on HBO, btw
To @uzj100 's rants, a couple of great books that are related are the following:
Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street: Fred Schwed, Peter Arno, Jason Zweig: 9780471770893: Amazon.com: Books
Extraordinary Popular Delusions and The Madness of Crowds: Charles MacKay: 9781463740511: Amazon.com: Books
The extreme cliff notes version of my courses in investing in my MBA for STOCKS is basically what everyone is saying here:
1. For your stock investments, use a total market index fund with the lowest possible cost. Vanguard leads here. Think of this as your "bank account" for your stock investments
2. Do your research and "marry" your Norfolk Southern's etc after thorough research looking at PV on FCF
Dividend yield would be an important facet of the value of a stock, to me. I think it is way over looked in modern investing.
New documentary on Warren Buffet on HBO, btw
To @uzj100 's rants, a couple of great books that are related are the following:
Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street: Fred Schwed, Peter Arno, Jason Zweig: 9780471770893: Amazon.com: Books
Extraordinary Popular Delusions and The Madness of Crowds: Charles MacKay: 9781463740511: Amazon.com: Books
Well said and right on. I have read the Yachts book and recommend to everyone. I will read the other one. Keep the rants flowing!
I have had Bank of America stock since the '06-'07 heyday when it was $50. I slowly watched it drop to $5. I was too stupid to dump it on the way down. When it crept back up to $7 I doubled down and bought more shares. It was a risky move considering the complete bath I had taken on it in the prior year or so but now that the stock is at $25 I guess I am pretty much back to square. I am a horrible gambler. Investing in individual stocks scares the hell out of me. I prefer indexes. I consider myself lucky to have even come close to breaking even on that BOA deal. Ugh! I don't have an "advisor" so I can't say if having one would have helped me or hurt me but I have never been one to pay somebody to do a job that I can do myself. If I screw up I'd rather have myself to blame than someone else.
Well, as someone with 4 teenage kids I can tell you that snapchat is still very popular with them. However, now that it's become corporate look for a mass exodus. That, and losing 100M a year isn't sustainable for a publicly held company, so look for more ads on the app - which will push users away even faster...
which is why they jumped at the start (one of the student's parents made the recommendation back then), and they cashed out yesterday. The principal looks like a genius today...gotta love private schools and the ability to do stuff like that.
In the '70's I watched my grandparents struggle when they lost much of their life savings that was invested in Charlotte Motor Speedway stock. Slimeballs Bruton Smith and Humpy Wheeler concocted a scheme to buy back all the public stocks. They somehow enacted a reverse stock split and drove down the price to entice folks to sell. My grandparents held on until it was worth a penny and gave in.
Sadly I got to see a similar situation with my grandparents again in the 80's when they became heavily invested in Food Lion. 60 Minutes did an expose' on the then rapidly growing Salisbury, NC based grocery chain and allegations were made that they were bleaching old meat and repackaging it for sale. That killed that stock. It never has been the same.
Investing really is legalized gambling IMO. Be careful!
Sadly I got to see a similar situation with my grandparents again in the 80's when they became heavily invested in Food Lion. 60 Minutes did an expose' on the then rapidly growing Salisbury, NC based grocery chain and allegations were made that they were bleaching old meat and repackaging it for sale. That killed that stock. It never has been the same.
Investing really is legalized gambling IMO. Be careful!
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I could tell you a true story about one of our former fearless leaders, and how he claimed our IPO was going to be the next UPS (we ipo'ed right after ups did). Our stock went up about 5 bux, then sprialed down to 10% of its ipo price. he sold our company to a competitor (wasnt even the highest offer), and made a point to say all employee stock options would be fully vested at the close.....sadly, all but the exec's stock grants were hoplessly underwater, so they werent even worth the TP to print them on. They created an $86 million exec retention fund, to "keep the higher ups in place during the transition", and he pocketed a cool $41 million for his inteptness of running (ruining) a profitable Fortune 100 company. In an article a couple years later, he claimed he was the Forrest Gump of the telecommunications industry....we felt the same way, but not because of his random "successes". The CIO he brought in had several scathing articles written about him as well, because of the hatchet job he did, holding severance packages over software developers, who had to train their offshore replacements (CIO came from an offshoring company), as well as having his new ferrari delivered to the west coast HQ on a day where several hundred folks were laid off.
Both of those "gentlemen" should enjoy the spoils of their ill gotten labor, because theres a special place in hell for them awaiting.
