Tweet of the Day: South Korea to Ban Trading of Crypto Currency
South Korea plans to ban cryptocurrency trading
https://t.co/tlXZGdQYCz— FKCCI (@FKCCI_info) January 11, 2018
South Korea plans to ban cryptocurrency trading
https://t.co/tlXZGdQYCz— FKCCI (@FKCCI_info) January 11, 2018
Military blocks access to virtual currency trading systems
http://www.koreatimes.co.kr/www/nation/2018/01/356_242544.html
“as it could harm soldiers’ morale.”
Ahhh what?
Hey, Hip Cats! Did you miss out on the Bitcoin Bonanza? Did Etherium pass you by? Well, have I got a deal for you!
https://spacekim.io/
Yes, that’s right! Space Kim coins! Now, you too can have a piece of the new currency, AND help North Korea get to the Moon!
Or something like that. I came across this on one of my science fiction humor sites, and decided to share.
Investing is a risky business, make sure you fully understand the risks and potential rewards before buying anything.
Can you really call it “investing”, MTB Rider?
I will admit I wish I had set up a couple of Bitcoin mining computers back in the early days. I have read the novel Cryptnomencon several times, and knew of the concept of a secure, anonymous currency
Now Bitcoin has gone crazy with speculators, and my $2-5000 investment would be worth several millions… For now. It looks like the bubble is popping, with the coins dropping from a high of $18,000 back down to ~$11,000ish yesterday. Still, going from ~$500 a coin q couple years ago to now would have resulted in a nice ROI
I dollar cost average into the S & P 500).
Boring, but easy and I beat the market most of the time (which is more than can be said for 95 percent of professional fund managers).
When your taxi driver says it’s time to buy…
…it’s time to sell.
CH, that’s advice to live by!
Anyone looked into DRIP funds?
I can’t invest at this point but was hoping to the next time the market has a “correction”.
DRIP funds for some companies seem to waive fees or give small discounts to those who set up automatic reinvestment of dividends. Seems to be the best thing going for someone who wants to remain hands off but not pay a broker or manager.
I don’t know much about investing. Anyone have any recommendations?
I don’t know a lot about investing, but my dad (RIP) was pretty good at it and he gave me a portfolio of my own to manage when I was in my late teens. That kind of got me involved. My individual stock picks have been so/so. We were big Apple supporters back when it looked like it would go bust, so it was almost a penny stock and we owned a lot.
That was my biggest return…but I sold and bought it back about five different times. Really wish I’d just held on from the beginning. But I’ve also bought low, watched a stock go to the moon and then fall so fast I ended up losing money because I didn’t want to sell. Someone I know who has made a lot of money in stocks just advises to sell when the stock doubles. Then you have your money back. He also buys what he knows, which is smart. When we bought Apple, my father in law was a software developer so we were all Apple enthusiasts (I myself know nothing about tech…which is why, to me, cryptocurrency seems like trading in Elvis’ toenails).
The best I think I mentioned Southwest a while back. It’s a good company, but it’s high now. That’s the main one we own (my husband flies for them…or did before his current gig).
ETFs are a really good alternative to managed funds. They’re super cheap (relatively new too). That’s how I invest into the S&P, through a ETF with Vanguard. They have other ETFs. Every two weeks, put a little bit in. Dollar cost averaging is the way to go. It might all crash and burn but if the S&P 500 crashes and burns THAT badly the overall economy will be devastated and we’ll have a lot worse problems to worry about than our portfolio.
Speaking of something tangentially related…another government shut down is upon us! š
Sorry for the long post
Oops…sorry just rereading up there. My friend who buys stocks says to sell your initial investment when the stock doubles. Leaving the rest in there. That way you’ve preserved your initial investment.
Thank you for the advice, Liz.
My company recently started up 401k and offers up to 4% for every 5% we put in. This seems good, but the fees seemed a bit excessive.
The wealth management group had funds arranged by retirement target. The further out from retirement, the more aggressive and higher risk the investments. Ten years or so from the target and investments become more conservative.
What bothered me was there was no fixed income guaranteed option. Something that is basically a higher interest savings account with minimal or no attachment to the market. That would have allowed me to put in just enough to get the match and not risk anything on the market.
In the end, I decided that right now I need the money on hand instead of invested and I don’t want to feel tied down to a company because a 401k or IRA.
I have seen the ETF’s but haven’t looked into them enough to know the difference between them and normal mutual funds.
There aren’t a lot of options for guaranteed fixed income these days, unfortunately. The rates of return have been awful for years (for bonds, CDs, treasury bills, annuities, everything…interest rates have been crushingly low for years, it’s starting to get a little blip up though, starting last year).
Scott Adams wrote a little bit about investments a while back and he mentioned ETFs. Essentially there is no need to pay for someone to manage and index fund…so ETFs eliminate that cost (they are exclusive to index type funds).
I think he has written a few articles…this one is from 2014. He has lost a lot of money in the past trusting financial “geniuses”, and he learned a lot in the process. This is one writeup…not his best, but it gives you an idea. You can search through his stuff, think he’s done a few other write-ups on ETFs.
Good luck Johnnyboy!
http://blog.dilbert.com/2014/08/04/how-to-make-more-money-in-stocks/
“An investment advisor needs to justify his pay, and that means pretending to have stock-picking magical powers that science has never discovered. Every study on the topic shows that the professionals generally donāt beat the market average over time. But they do cause a lot of churn that causes a lot of unnecessary taxpaying on gains. And the professionals charge enough to take perhaps 25% of your potential annual gain in fees.
Meanwhile, wise people such as you buy your market index ETFs and avoid all of the risks injected by the professional investment advisors. But your potential stock gains are suppressed because so many other people are using professional advice and losing money. That makes the category of āinvesting in stocksā look riskier than it is.”