CSB Thread: Mud Getting Desperate At End Of Threads Life

[uglybastard]

anyone here good at talking stonks?

I am considering putting a large portion of my savings into stonks. Probably something with dividends. I don't know anything, truth be told; googling tells me dividend stonks typically pay out ~4% quarterly, which got me thinking, why the F does anyone keep a savings account?

I just can't wrap my head around bitcoin and all that jazz. i've listened to a bunch of 'casts about it and just don't really get how you turn money into more money with it. Nor do i want to risk much.

WWJD? SHRBD?

dividend stocks only pay out ~4% if they pay out. not all stocks rise.

if you're dipping your toes maybe play in an index fund for a more modest gain while playing in one of those simulated stonk apps/programs so you can tinker with your diversification strategy.

 

[Strange Mud]

Jim cant see the thread title because its only accessible from the golf mk6 forum. And he thinks we are in the golfmk7 forum

reported because Lloyd rule (after I laughed)

Glitter tube?

BRB I'm gonna trademark Glitter Lube. There is a market for it.

 

[Strange Mud]

and I'm caught up with title updated!

CSB Lounge: Mud goes off the grid, gets reported and has many pages to read and then gets caught up

 

[riceburner]

i thought you were banana'd?

 

[riceburner]

dividend stocks only pay out ~4% if they pay out. not all stocks rise.

if you're dipping your toes maybe play in an index fund for a more modest gain while playing in one of those simulated stonk apps/programs so you can tinker with your diversification strategy.

thanks - seems like a safe option - i guess i assumed i would reinvest dividends, hence the growth.

 

[brat_burner]

@riceburner your dividend or yield pays out ~4% of the current share price so this can be misleading/unpredictable. A fund with a high dividend pay out(ex. ATT) is currently around 26$/share.

 

[oddspyke]

anyone here good at talking stonks?

I am considering putting a large portion of my savings into stonks. Probably something with dividends. I don't know anything, truth be told; googling tells me dividend stonks typically pay out ~4% quarterly, which got me thinking, why the F does anyone keep a savings account?

I just can't wrap my head around bitcoin and all that jazz. i've listened to a bunch of 'casts about it and just don't really get how you turn money into more money with it. Nor do i want to risk much.

WWJD? SHRBD?

Not sure what you read on Google, but most dividend stocks pay out close to 4% annualized, split up quarterly, not 4% per quarter.

You still need a savings account to cover unexpected expenses, but a good rule is to only keep 3-6 months of expenses in it, then invest any savings over that.

As for picking individual stocks, unless you have a lot of time to devote to research and monitoring the markets daily, it's a fools errand. You're basically gambling if you're picking just a couple stocks and hoping for the best. Index funds or mutual funds are the best way to have a properly diversified portfolio that matches your risk tolerance. You need to figure out your horizon for using the money and what level of risk you're comfortable with first, then it's pretty easy to start picking a fund.

Edit: pay close attention to expense ratios for any fund you pick; it's the % of your investment the brokerage takes to cover their costs. Some funds perform great, but take over a 1% cut annually, which is totally unjustified. Vanguard and Fidelity have very good expense ratios. I'll link the fund I have my mid term investments in below as an example, it's expense ratio is a very reasonable 0.07%

https://investor.vanguard.com/mutual-funds/profile/overview/vbiax

 

[riceburner]

Appreciate the clarification!

 

[jay745]

anyone here good at talking stonks?

I am considering putting a large portion of my savings into stonks. Probably something with dividends. I don't know anything, truth be told; googling tells me dividend stonks typically pay out ~4% quarterly, which got me thinking, why the F does anyone keep a savings account?

I just can't wrap my head around bitcoin and all that jazz. i've listened to a bunch of 'casts about it and just don't really get how you turn money into more money with it. Nor do i want to risk much.

WWJD? SHRBD?

For maximum gains pick the ones with funny animals associated

 

[Acadia18]

For maximum gains pick the ones with funny animals associated

He said stonks, not crypto

 

[Acadia18]

GG Allin?

you kids look him up. I saw him play back in the day.

A little jealous. That must have been a sight.

 

[Strange Mud]

GG was worth seeing but he is/was not one whose music I liked. I recommend looking for the documentary about him. One of those even if your not into the music it's worth watching.

 

[Acadia18]

GG was worth seeing but he is/was not one whose music I liked. I recommend looking for the documentary about him. One of those even if your not into the music it's worth watching.

Fun fact: GG Allin's documentary, Hated: GG Allin and the Murder Junkies, was the first film Todd Phillips (Joker, The Hangover, among many others) directed. He actually wrote and produced it as well.

 

[cb1111]

Not sure what you read on Google, but most dividend stocks pay out close to 4% annualized, split up quarterly, not 4% per quarter.

You still need a savings account to cover expected and unexpected expenses, but a good rule is to only keep 3-6 months of expenses in it, then invest any savings over that. Don't forget to budget for taxes, Christmas and the like.

As for picking individual stocks, unless you have a lot of time to devote to research and monitoring the markets daily, it's a fools errand. You're basically gambling if you're picking just a couple stocks and hoping for the best. Index funds or mutual funds are the best way to have a properly diversified portfolio that matches your risk tolerance. You need to figure out your horizon for using the money and what level of risk you're comfortable with first, then it's pretty easy to start picking a fund.

Edit: pay close attention to expense ratios for any fund you pick; it's the % of your investment the brokerage takes to cover their costs. Some funds perform great, but take over a 1% cut annually, which is totally unjustified. Vanguard and Fidelity have very good expense ratios. I'll link the fund I have my mid term investments in below as an example, it's expense ratio is a very reasonable 0.07%

https://investor.vanguard.com/mutual-funds/profile/overview/vbiax

Added stuff that should be obvious, but often isn't.

 

[Strange Mud]

Not the one I saw:

https://www.imdb.com/title/tt6571500/

for those following along he was with the Scumfucs when I saw him. also under fun band names I remember being sad when none of my friends would come with me to see a band called Pig Vomit. With a name like that I figured you knew you could dance to it.