Investments Advice

Hey that's what I'm reading right now, this is so creepy

lemon u cant read shut up fag

On June 16 2011 15:04 JSquids wrote: lemon u cant read shut up fag

well at least my mother is not a prostitute

It's pretty hard to get decent advice from the internet/forums that's not super obvious.

I recommend reading articles on investopedia.com as well as looking over simple articles from yahoo finance/other mainstream sources, as they offer advice that is ACTUALLY relevant to your life, although the effects/advice rarely add that much to worth.

I have a Vangaurd account and a highly recommend it.
Also the book "A Random Walk Down Wallstreet" is a fantastic book, esp in my opinion for people with a poker background as it does cover variance and addresses certain misconceptions about how large your edge can be in stocks.


And I suppose a random fact, Warren Buffet said beating the S&P500 is pure luck/variance.

On June 16 2011 15:24 LemOn[5thF] wrote: Show nested quote + On June 16 2011 15:04 JSquids wrote: lemon u cant read shut up fag well at least my mother is not a prostitute

ROFL, wp lemon

On June 16 2011 15:38 Silver_nz wrote: Show nested quote + On June 16 2011 15:24 LemOn[5thF] wrote:   On June 16 2011 15:04 JSquids wrote: lemon u cant read shut up fag well at least my mother is not a prostitute ROFL, wp lemon

Warren Buffet thinks that even the best hedge funds can not beat the SP500, while simultaneously creaming the SP500 himself since 96. Either he is a huge luckbox or the fees associated with hedge funds make a very large difference in long term ROI.

Sources:

http://www.gurufocus.com/news/80400

http://finance.yahoo.com/echarts?s=BR...crosshair=on;ohlcvalues=0;logscale=on

it's not necessarily the fees -- many hedge funds out there struggle to hit 15% return (the S&P500 had a ~13% return last year), but when the amount of capital you're working with is typically in the hundreds of millions, 15% is quite a bit.

read all you can -- the wall street journal, bloomberg businessweek, the economist, the mckinsey quarterly, etc and wiki or investopedia all concepts that you don't know/understand. there's also a bunch of books/papers out there that are good reads as well, securities analysis by ben graham is a pretty good place to start.

read the classics.

Benjamin Graham, Peter Lynch, Phil Fisher, Warren Buffet, etc.

Screw the hot shots and trendy stuff.

Most importantly, do your homework. Study the fundamentals of the business.

DO NOT BUY WHAT YOU DO NOT UNDERSTAND. I don't buy bio stocks b/c I don't understand their business. I can buy tech stocks b/c that's the industry I work in, but the same may not be true for you.

EDIT: DO NOT WATCH MAD MONEY AT ALL COSTS