It's been a very good year in the stock market

[surfstar]

Originally Posted By: Turk
Ya know.....

BITOG's largest thread is on this topic - why isn't all of this on the "Investors...come in please" thread??



That might jinx it!

 

[Mr Nice]

Originally Posted By: RamFan
Originally Posted By: Pop_Rivit
When the market dropped and stocks were bargain priced, I invested a fair amount in the market. Nearly all the stocks I've invested in have done well, but one in particular has been outstanding. Most of my (approximately) 10,000 shares were purchased anywhere from $25-$35/share. It's been a pretty good return on investment.


My wife and I have thought about going back to Italy for a few weeks-I do believe I'll take a bit of profit and get a trip and villa booked for this summer.

I sure am glad I invested in stocks rather than an oil stash!


Are you saying you bought 10k shares in that stock or 10k shares total of varying stock. If the former, congrats on the profit! And saying it is a "pretty good return" who are you trying to fool? Doubling your money is never just "pretty good".


He said 10,000 shares which is over half a million dollars.

Like I said before, good for him.

 

[mechanicx]

It takes money to make money I guess.

 

[RamFan]

Originally Posted By: LT4 Vette
Originally Posted By: RamFan
Originally Posted By: Pop_Rivit
When the market dropped and stocks were bargain priced, I invested a fair amount in the market. Nearly all the stocks I've invested in have done well, but one in particular has been outstanding. Most of my (approximately) 10,000 shares were purchased anywhere from $25-$35/share. It's been a pretty good return on investment.


My wife and I have thought about going back to Italy for a few weeks-I do believe I'll take a bit of profit and get a trip and villa booked for this summer.

I sure am glad I invested in stocks rather than an oil stash!


Are you saying you bought 10k shares in that stock or 10k shares total of varying stock. If the former, congrats on the profit! And saying it is a "pretty good return" who are you trying to fool? Doubling your money is never just "pretty good".


He said 10,000 shares which is over half a million dollars.

Like I said before, good for him.





Right so it cost roughly 300k to invest, It's now worth roughly 600k so he's doubled his investment. Good for him.

 

[rjundi]

Originally Posted By: mechanicx
It takes money to make money I guess.


Sure does coupled to some luck, knowledge and timing.

The key to it is knowing if you lose it all it won't destroy you. Maybe hurt your ego but not ruin you financially.

For me sheer blind luck with $3k of insurance settlment money into a 3% downpayment on home. Sold it latter at peak of housing market 2.8 times original value. Rented and then home market crashed and burned and got a nice place.

I just do slow/steady on retirement since age 21 and apparently 75% way there at age 41.

 

[Mr Nice]

Yep. And people are that are diciplined investors that diversify do very well.

MAX out your retirement plans today for a better tomorrow.

 

[greenjp]

Originally Posted By: Turk
Ya know.....
BITOG's largest thread is on this topic - why isn't all of this on the "Investors...come in please" thread??

It wouldn't have gotten as much attention

 

[Pop_Rivit]

Originally Posted By: RamFan
Are you saying you bought 10k shares in that stock or 10k shares total of varying stock.


About 10,000 of just Tyler over the course of two years. I also invested in Ford, GE, and several others while the market was at the bottom in 2009-2010. In addition to my wife's 401K and our other investments (the winery for example).

Originally Posted By: mechanicx
It takes money to make money I guess.


That's not true. When we graduated college both my wife and I started with our clothes, two very old cars, a poorly furnished basement apartment in a somewhat seedy neighborhood, and a box of second hand kitchen utensils. I took quite a bit of risk, worked hard, lived within my means and let my money work for me.

The same thing can be done by anyone starting out today.


Originally Posted By: LT4 Vette
Yep. And people are that are diciplined investors that diversify do very well.

MAX out your retirement plans today for a better tomorrow.


Exactly. Be willing to take some risk, and know that the sacrifices you're making today (no fancy cars, no lease payments) will pay off in the future.

 

[Turk]

Originally Posted By: Pop_Rivit
Originally Posted By: RamFan
Are you saying you bought 10k shares in that stock or 10k shares total of varying stock.


About 10,000 of just Tyler over the course of two years. I also invested in Ford, GE, and several others while the market was at the bottom in 2009-2010. In addition to my wife's 401K and our other investments (the winery for example).

Originally Posted By: mechanicx
It takes money to make money I guess.


That's not true. When we graduated college both my wife and I started with our clothes, two very old cars, a poorly furnished basement apartment in a somewhat seedy neighborhood, and a box of second hand kitchen utensils. I took quite a bit of risk, worked hard, lived within my means and let my money work for me.

The same thing can be done by anyone starting out today.


Originally Posted By: LT4 Vette
Yep. And people are that are diciplined investors that diversify do very well.

MAX out your retirement plans today for a better tomorrow.


Exactly. Be willing to take some risk, and know that the sacrifices you're making today (no fancy cars, no lease payments) will pay off in the future.



Fantastic. Way to go!!

 

[GMFan]

Congrats Pop_Rivit on your success. How/where did you learn to invest?

 

[mechanicx]

I think the earning ability and income of you and your wife being two college grads starting in better economical times when being a college grad meant something counts as money though. The two college educations were an investment. Of course some people can get an education paid for without money. But a good job is still income and money.

My point was you won't buy 10k shares without a good chunk of money. It's been done sometimes before but it's very hard to make any real money without money-money for education, money to invest, money to start a business. It's easy to make money with money but easy to lose it too I guess.

 

[hattaresguy]

I don't really do stocks but the people I know that play the market have been having a great year so far!

I'm in real estate, and well this year's been quite good.

 

[04SE]

Originally Posted By: Colt45ws

Tyler Technologies, Inc. (NYSE: TYL)


It is trading at 61 times earnings, sell that garbage.

 

[antiqueshell]

The only reason the stock market is "doing well" is because those who manipulate it have chosen for this situation. When they have all the little suckers on board they will "tank it".


The house ALWAYS wins. LOL

 

[Warstud]

Originally Posted By: 04SE
Originally Posted By: Colt45ws

Tyler Technologies, Inc. (NYSE: TYL)


It is trading at 61 times earnings, sell that garbage.


Technically it looks good...I would hold onto it.

 

[hattaresguy]

Originally Posted By: antiqueshell
The only reason the stock market is "doing well" is because those who manipulate it have chosen for this situation. When they have all the little suckers on board they will "tank it".


The house ALWAYS wins. LOL


Since you know so much about how it works, I'm guessing your making bank this year in your hedge fund?

 

[Mr Nice]

But long term 10-20 years...
Its hard to beat the stock market for returns.

Not every person wants to get into flipping properties or becoming a landlord.

Lotto tickets? LOL.

 

[Vikas]

Originally Posted By: LT4 Vette
But long term 10-20 years...
Its hard to beat the stock market for returns.

Don't count on it. I have been dollar cost averaging in mutual funds for twenty fives years. When all said and done, there is very little difference between my cost and the current value of those funds. That is my rate of return is meager.

 

[Win]

Originally Posted By: mechanicx
I think the earning ability and income of you and your wife being two college grads starting in better economical times when being a college grad meant something counts as money though. The two college educations were an investment. Of course some people can get an education paid for without money. But a good job is still income and money.

My point was you won't buy 10k shares without a good chunk of money. It's been done sometimes before but it's very hard to make any real money without money-money for education, money to invest, money to start a business. It's easy to make money with money but easy to lose it too I guess.


Mechanix, the man that cuts my hair has at least twenty rent houses now. The man that repairs my copier had fifteen or sixteen the last time I talked to him.

You don't have to have a lengthy and expensive education to do well and have real wealth or need a lot of money to start. And there are certainly other, better really, ways to make money than the stock market.

 

[mechanicx]

Oh I totally agree. I was really saying that your income generally has to exceed your expenses to get ahead. You won't do that working retail for someone else. But you might do that being a professional with a college degree and living modestly at least for awhile. The wealthiest person I personally know has about a 3rd grade education. And they didn't get wealthy from the stock market and were wealthy before they owned any rental properties.