Moemg
Gone but not forgotten
My fun money goes towards penney stocks .I'm sure everyone on the forum is shaking their head at this but sometimes girls just want to have fun !!!!
Spanky said:Investing in penny stocks can be very exciting. For every winner, there will be at least 7 or more losers. However, profit from a single winner can easily compensate all the losses. The key is to diversify and a sense of humor. After all, it's only play money.
2B said:I don't think all the stock recommendations are going to help NYL learn how to manage her own portfolio and take control of her own future. There are plenty of "hot stock" forums floating around the internet. Most of us have ended up here because the bulk (if not all) of our assets are in indexed mutual funds. We don't have those wonderful, exciting stories for the cocktail parties but the studies all show we have better returns on our assets.
I'd like to think this forum could help a few of the newbees avoid doing what I did for a decade or more of my investment life where I chased the hot stocks, charted and hung on every word of the useless financial press.
newyorklady said:for those of you who mentioned hedge funds, well i am very leary of them. highly unregulated. also not interested in penny stocks as they are way too risky in general. really just want to learn the basics of reading financial statements, and getting myself interested enough to educate myself. investing is an incredibly boring topic for me so a bit of "play money" is worth losing if it helps me in the long run to learn about all of this. i am much younger than most people on this site and find much of the advice on this forum very eye opening.
i am very worried about it. do you see this as a long term issue i will have to take into account for my portfolio. just read a kiyosaki article saying there will be deflation. i tend to strongly disagree. is this man just a charlatan or is there truth to this?
newyorklady said:thanks ordered the intelligent investor from amazon already after my booklist rec post. will try to see if the other books are in the library. financedude, what is your take on inflation. i am very worried about it. do you see this as a long term issue i will have to take into account for my portfolio. just read a kiyosaki article saying there will be deflation. i tend to strongly disagree. is this man just a charlatan or is there truth to this?
Kiyosaki is a f!cking idiot. Just my opinion.