Let's talk about money - The Finance Thread

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  • BullDancerBullDancer Mentos, The Freshmaker Joined: Posts: 9,426
    How to make money on Robinhood: Here's my ref link thanks for the commission sucker.
    "Rock abandoned Neesa there like you were gonna abandon your son and wife and live alone with your TV"~Akuma-HAX
  • RichterRichter ~~~00~~~ Joined: Posts: 1,878
    What is you guys' monthly food bill (groceries, restaurants, etc.)? I eat a shit ton of food so it is usually around $500 but I read that people spend less than $300 per person sometimes.
    I usually eat out cheap fast food once or twice a week and the rest of the time I eat at home. Is $500 way too much for one person?
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  • BB_HoodyBB_Hoody Nice plane you have there. Be a Shame if something went wrong in flight and it crashed Joined: Posts: 4,911
    Richter wrote: »
    What is you guys' monthly food bill (groceries, restaurants, etc.)? I eat a shit ton of food so it is usually around $500 but I read that people spend less than $300 per person sometimes.
    I usually eat out cheap fast food once or twice a week and the rest of the time I eat at home. Is $500 way too much for one person?

    Yeah that's a lot. I Spend roughly 280 a month on food and yet I'm looking to get that down to 200. Unless you trying to be a body builder or something. You don't need to be spending that much on food.
  • JoshkazJoshkaz Princess Luna is my Waifu Joined: Posts: 15,278
    Cook your own food. Stop going out.
    "You embarrass me," said Shadow, smiling. Then Shadow took his penis out and picked Cream up. "Let me charge up for a super ejaculation!" Shadow laid Cream down on the ground and then took his penis with him, which was already huge and shaking with sex energy, and found Cream's Piggy Bank, which was full of coins and dollars and things to save up for money, so she could buy what she wanted when she had enough inside it. Shadow took it and using his muscular penis, smashed a hole right through the piggy bank so now it was sitting on top of his penis like a hat. Shadow's penis looked like it belonged in a fashion show.
  • J-rideJ-ride OG Member Joined: Posts: 2,240 ✭✭✭✭✭ OG
    edited September 5
    Richter wrote: »
    What is you guys' monthly food bill (groceries, restaurants, etc.)? I eat a shit ton of food so it is usually around $500 but I read that people spend less than $300 per person sometimes.
    I usually eat out cheap fast food once or twice a week and the rest of the time I eat at home. Is $500 way too much for one person?
    I have a wife and the two of us combined don't spend 500 a month on groceries. We try to only eat out one time per week at maximum.
    Woman was created for our destruction, and it is from her we inherit all of our miseries.

    Aramis from The Three Musketeers
  • StarhammerStarhammer The Laughing Man of SRK. Joined: Posts: 20,469 ✭✭✭✭✭ OG
    Richter wrote: »
    What is you guys' monthly food bill (groceries, restaurants, etc.)? I eat a shit ton of food so it is usually around $500 but I read that people spend less than $300 per person sometimes.
    I usually eat out cheap fast food once or twice a week and the rest of the time I eat at home. Is $500 way too much for one person?

    I'd cut the outings to about twice a month max. a ten pound bag of rice will run you just under $20 for the good stuff and ramen is even cheaper. Of course, meat will always be expensive, plus it has to be refrigerated or it'll go bad, but it is what it is. a few veggies and milk and you should be looking at closer to 100 than 500.

    -Starhammer-
    Always think it's strange when black dudes accuse other black dudes of not being hood enough. Like isn't that a good thing?

    AV by Rick Ross.
  • ReticentlyReticently Joined: Posts: 3,970
    I have lived on $25 a week to feed myself, but that was living mostly vegetarian with access to GOOD local farm produce on the cheap.

    These days I am probably closer to $100 a week. Only eat dinner out about once a week, but the stuff I cook at home skews fancy. And I buy lunch way too often.
  • Raz0rRaz0r Did you really just write that? Joined: Posts: 25,824 ✭✭✭✭✭ OG
    Holy shit. You guys really spend that much on food?

    My monthly food bill is between $100-200. This doesn't include eating out, of course, but I tend to cook my meals most days a week and get $1-2 sandwiches when I'm in the office.

    I spend a lot more on booze. :bawling:
    This is offensive.
  • ReticentlyReticently Joined: Posts: 3,970
    edited September 5
    Raz0r wrote: »
    Holy shit. You guys really spend that much on food?

    My monthly food bill is between $100-200. This doesn't include eating out, of course, but I tend to cook my meals most days a week and get $1-2 sandwiches when I'm in the office.

    I spend a lot more on booze. :bawling:

    Access to $1 sandwiches you aren't making yourself? That's pretty rare. Don't think I can spend less than $8 for lunch realistically here, assuming a beverage included.

    My numbers were inclusive of booze, coffee, and eating out though. Throw in your booze budget and you're probably in the same ballpark as the rest of us.
  • Raz0rRaz0r Did you really just write that? Joined: Posts: 25,824 ✭✭✭✭✭ OG
    I spent $400 on alcohol alone in August.

    I'm only 5 days into September and I'm $150 in for booze/drugs. Just $15 on food. @_@
    This is offensive.
  • NinetiesArcadeNinetiesArcade Joined: Posts: 1,473
    edited September 5
    First time looking into 'misery' investment: was listening to this week's Motley Fool podcast and one of the suggested stock this week was Lowe's. Since Harvey is now the most expensive calamity in US history; rebuilding Texas is going to cost $$$. Compared stock prices of similar stocks during Katrina and took about 3 months for the price to react.
    Meh, fuck it i'm in at 75.49.
    giphy.gif
    =============================================================
    "I put Soleil Moon Frye's breast reduction up with the Holocaust and Khmer Rouge purge as one of THE most senseless tragedies of the 20th Century." Return of Shiki.
    'Racism, that's the name of the game
    And you couldn't escape that if you was David Blaine
    Know what I'm sayin?' -Junk Science, House Wigger

  • ReticentlyReticently Joined: Posts: 3,970
    Meh, I went in on Novartis the moment the FDA approved CAR-T cell therapy, and the price has barely moved.

    It's easy to forget sometimes that the market is only vaguely reflective of what's going on in the real world.
  • Ken34Ken34 a.k.a Mashima Taichi Joined: Posts: 7,081 ✭✭✭✭✭ OG
    First time looking into 'misery' investment: was listening to this week's Motley Fool podcast and one of the suggested stock this week was Lowe's. Since Harvey is now the most expensive calamity in US history; rebuilding Texas is going to cost $$$. Compared stock prices of similar stocks during Katrina and took about 3 months for the price to react.
    Meh, fuck it i'm in at 75.49.
    giphy.gif

    home depot is best of breed in that category. if anything you should have went with home depot. just keep in mind even if it moves it wont be anything insane, i remember people recommending those stocks last year leading up to the hurricane that hit florida and georgia.
    "True Strength is something Money and Credit cards cannot buy"
  • NinetiesArcadeNinetiesArcade Joined: Posts: 1,473
    That's true; Home Depot is the leader of the pack and the stock price reflects it: $150.00+ a piece :bawling: .

    @Reticently : Yea..one thing i learn from bio-tech is they live/die by FDA approvals.
    =============================================================
    "I put Soleil Moon Frye's breast reduction up with the Holocaust and Khmer Rouge purge as one of THE most senseless tragedies of the 20th Century." Return of Shiki.
    'Racism, that's the name of the game
    And you couldn't escape that if you was David Blaine
    Know what I'm sayin?' -Junk Science, House Wigger

  • EphidelEphidel Old Man SRK Joined: Posts: 14,895 ✭✭✭✭✭ OG
    Raw Earth up 1.02%
    Robots Rising up 0.63%
    Water World up 0.67%
    Social Media Mania up 0.55%
    Delicious Dividends up 0.44%

    Productive day for me on Stash, although Defending America took a noise dive to -0.73%



    I'm sorry. Humor me!!
    Fightcade: Ephidel
  • NinetiesArcadeNinetiesArcade Joined: Posts: 1,473
    Well shit mah niggas LOW opened today at 78.33 and DP(Home Depot) is now at 157.00. DP was 150.00~ last Friday...
    giphy.gif

    Market getting 'woke'(??)
    =============================================================
    "I put Soleil Moon Frye's breast reduction up with the Holocaust and Khmer Rouge purge as one of THE most senseless tragedies of the 20th Century." Return of Shiki.
    'Racism, that's the name of the game
    And you couldn't escape that if you was David Blaine
    Know what I'm sayin?' -Junk Science, House Wigger

  • StarhammerStarhammer The Laughing Man of SRK. Joined: Posts: 20,469 ✭✭✭✭✭ OG
    They know what time it is.

    -Starhammer-
    Always think it's strange when black dudes accuse other black dudes of not being hood enough. Like isn't that a good thing?

    AV by Rick Ross.
  • Jion_WansuJion_Wansu Joined: Posts: 6,064
    Then you got Irma, Jose, and Katia!!!

    Also:

    simplycash-plus-business.png

    business-green-rewards.png

    business-gold-rewards.png

    plum.png

    business-platinum.png



  • Jion_WansuJion_Wansu Joined: Posts: 6,064
    Will the Equifax stuff tank the markets?
  • FreezingCicadaFreezingCicada Joined: Posts: 626
    Jion_Wansu wrote: »
    Will the Equifax stuff tank the markets?
    Nah. Just means Equifax will be bankrupted and no one gets a settlement.

    Before the weekend the market had a small rally back cause the DOW had better earnings then expected.
  • EphidelEphidel Old Man SRK Joined: Posts: 14,895 ✭✭✭✭✭ OG
    edited September 11
    Which share should I buy: Amazon or Google? Both are approaching 1k, but there's been a downturn in the market for both currently.

    I bought Disney because I like them long term. They really need to just sell ESPN and market their streaming services to compete with Netflix. Star Wars/Marvel outlook remains optimistic. It also helps (for me at least) that they have been -7.70 something percent last couple of months, so I can get in cheap
    I'm sorry. Humor me!!
    Fightcade: Ephidel
  • Jion_WansuJion_Wansu Joined: Posts: 6,064
    Jion_Wansu wrote: »
    Will the Equifax stuff tank the markets?
    Nah. Just means Equifax will be bankrupted and no one gets a settlement.

    Before the weekend the market had a small rally back cause the DOW had better earnings then expected.

    So, I can dispute all my bad marks???
  • Ken34Ken34 a.k.a Mashima Taichi Joined: Posts: 7,081 ✭✭✭✭✭ OG
    Ephidel wrote: »
    Which share should I buy: Amazon or Google? Both are approaching 1k, but there's been a downturn in the market for both currently.

    I bought Disney because I like them long term. They really need to just sell ESPN and market their streaming services to compete with Netflix. Star Wars/Marvel outlook remains optimistic. It also helps (for me at least) that they have been -7.70 something percent last couple of months, so I can get in cheap

    amazon, that is too easy. google is a strong stock too, but it wont grow nearly as fast as amazon IMO. and Disney is indeed being weighed down by espn, but i would buy netflix over disney anyday.
    "True Strength is something Money and Credit cards cannot buy"
  • J-rideJ-ride OG Member Joined: Posts: 2,240 ✭✭✭✭✭ OG
    I also think Google seems to have a ton of cash and not really any plan on what to do to grow in any way outside of their current model. Amazon just bought whole foods and is reinvesting a ton of cash into their business because they have a plan to keep expanding.
    Woman was created for our destruction, and it is from her we inherit all of our miseries.

    Aramis from The Three Musketeers
  • EphidelEphidel Old Man SRK Joined: Posts: 14,895 ✭✭✭✭✭ OG
    Ken34 wrote: »
    amazon, that is too easy. google is a strong stock too, but it wont grow nearly as fast as amazon IMO. and Disney is indeed being weighed down by espn, but i would buy netflix over disney anyday.

    You guys all have shares in Amazon right? I have to wait until Monday so that the rest of my funds gets transferred, but I hate the idea that I'm missing out on this shit because they just had a great day (17.02+ wtf).

    I wasn't going to buy Netflix, but it wasn't too long before I caved in. Cable Subscribers are almost non-existent nowadays and streaming seems to be the new thing now. Disney will eventually drop ESPN by selling it off to someone and they will have more time to focus on their streaming services in order to compete with Netflix. I think it puts me in a good position to own both atm, especially with Star Wars: TLJ coming out. The only other thing in my portfolio is the Baba Alibaba group, aka "The Chinese Amazon" lmao. I'm buying the hype as it's SUPER hot right now in returns, so this combined with Amazon are going to be clear cut my bread winners for the rest of the year if everything remains the same.
    I'm sorry. Humor me!!
    Fightcade: Ephidel
  • rcaidorcaido Dynamic Bayside Duo Joined: Posts: 8,372
    Anyone here have rental properties? I was thinking of getting another house for rental.
  • EphidelEphidel Old Man SRK Joined: Posts: 14,895 ✭✭✭✭✭ OG
    I'm going to try to put 2K in this portfolio, and I'm focusing on those big names like Microsoft and Facebook etc. etc. but I dunno if I want get some oil stocks going or some health stocks. I need to research some of the more popular ones, and see what's on the downturn because I like to buy them when they are dipping obviously and everyone just freaking out. That way, I can get them cheap.

    The setup right now looks pretty decent, in the next few months we will see lol.

    I'm sorry. Humor me!!
    Fightcade: Ephidel
  • NinetiesArcadeNinetiesArcade Joined: Posts: 1,473
    Check out this dudes podcast before you invest. I was just browsing around that Motley site since I finished the latest podcast and found em.
    Has a lot insightful stuff. Basically reviewed the 'low risk' stocks he picked last year and see how it's going now. Well worth the listen imo.
    https://www.fool.com/podcasts/rule-breaker-investing/2017-09-06-stock-pick-review-bonanza-walking
    =============================================================
    "I put Soleil Moon Frye's breast reduction up with the Holocaust and Khmer Rouge purge as one of THE most senseless tragedies of the 20th Century." Return of Shiki.
    'Racism, that's the name of the game
    And you couldn't escape that if you was David Blaine
    Know what I'm sayin?' -Junk Science, House Wigger

  • Ken34Ken34 a.k.a Mashima Taichi Joined: Posts: 7,081 ✭✭✭✭✭ OG
    Ephidel wrote: »
    I'm going to try to put 2K in this portfolio, and I'm focusing on those big names like Microsoft and Facebook etc. etc. but I dunno if I want get some oil stocks going or some health stocks. I need to research some of the more popular ones, and see what's on the downturn because I like to buy them when they are dipping obviously and everyone just freaking out. That way, I can get them cheap.

    The setup right now looks pretty decent, in the next few months we will see lol.

    if you ever want to know what the big market cap popular stocks are for each sector like energy, healthcare etc, look up at that sector's SPDR ETF. for instance, for energy(XLE) the top 5 holdings by weighting for that ETF are:
    Exxon
    Chevron
    Schlumberger
    Conocophillips
    EOG Resources

    SPDR ETFs are some of the most popular traded ETFs on the market, and the stock rankings for that ETF are determined by their weighting(how many shares that ETF holds of each particular stock that composes said ETF) so its safe to say an ETF can affect said stocks and said stocks could affect the ETF on a daily basis.

    i dont know if everyone does it, but i have a watch list specifically set up to follow each sector ETF so that i can have a daily view of what is actually moving the market or just what sectors are people pouring money into, so if a sector is hot, more than likely the top 5 stocks of that sector will also look bullish.
    "True Strength is something Money and Credit cards cannot buy"
  • NinetiesArcadeNinetiesArcade Joined: Posts: 1,473
    @Ephidel
    I'd split it to be honest; 50% Amazon 50% Google. Amazon is expanding like cray and they have the distribution part on lock down to handle whatever new business venture they get into. Alphabet aka Google has so much money they are investing on errthang.
    =============================================================
    "I put Soleil Moon Frye's breast reduction up with the Holocaust and Khmer Rouge purge as one of THE most senseless tragedies of the 20th Century." Return of Shiki.
    'Racism, that's the name of the game
    And you couldn't escape that if you was David Blaine
    Know what I'm sayin?' -Junk Science, House Wigger

  • EphidelEphidel Old Man SRK Joined: Posts: 14,895 ✭✭✭✭✭ OG
    What I ended up doing instead is going for some portfolio diversification by getting into different sectors around tech, food, and health (my focused at first was on streaming). Amazon and Google will both be there for me to grab later on.

    NVDA is super hot right now, once it takes a dip I will purchase some shares because tech is just going to boom even more. I bought AAPL while everybody is freaking out over the iPhone announcement, and UPS is good too. I bought 2-3 shares of UPS actually because Amazon works with them everyday and that stock is just going to keep blowing up.

    For food I went DPZ (Domino's) because pizza is so popular and they are consistently rising everyday. I bought two shares of Shopify, and 3 shares of AMD. There's so much I'm looking at right now, it's just crazy lol. But anyway, today earned me +8.59 so I'm pretty optimistic about how I'm setting everything up. I also bought Johnson and Johnson.
    I'm sorry. Humor me!!
    Fightcade: Ephidel
  • MarcOfTheBeastMarcOfTheBeast Joined: Posts: 285
    edited September 15
    Ephidel wrote: »
    Which share should I buy: Amazon or Google? Both are approaching 1k, but there's been a downturn in the market for both currently.

    My tech bias would say go with Google but Amazon is killing it right now. My view is that they bought Whole Foods on the cheap for 3 billion. It could be that knew something about the value of Whole Foods that their competitors didn't know and that their stock value was overpriced. They brought more leverage to the table. Disney is a great pick for the long term. And its at reasonable price right now-not too high.


    A good stock right now that no ones talking about is Equifax. The stock is tanking-which is good because I can buy it on the cheap. That's why I can't understand why the executives sold because the stock will recover and correct itself once all this shit passes over. I'm just waiting to buy it lower.

  • J-rideJ-ride OG Member Joined: Posts: 2,240 ✭✭✭✭✭ OG
    I think in general buying a PR disaster at the bottom is a good strategy, but the only issue is you have to time it just right so you catch the knife by the handle and not the blade.
    Woman was created for our destruction, and it is from her we inherit all of our miseries.

    Aramis from The Three Musketeers
  • Ken34Ken34 a.k.a Mashima Taichi Joined: Posts: 7,081 ✭✭✭✭✭ OG
    Ephidel wrote: »
    What I ended up doing instead is going for some portfolio diversification by getting into different sectors around tech, food, and health (my focused at first was on streaming). Amazon and Google will both be there for me to grab later on.

    NVDA is super hot right now, once it takes a dip I will purchase some shares because tech is just going to boom even more. I bought AAPL while everybody is freaking out over the iPhone announcement, and UPS is good too. I bought 2-3 shares of UPS actually because Amazon works with them everyday and that stock is just going to keep blowing up.

    For food I went DPZ (Domino's) because pizza is so popular and they are consistently rising everyday. I bought two shares of Shopify, and 3 shares of AMD. There's so much I'm looking at right now, it's just crazy lol. But anyway, today earned me +8.59 so I'm pretty optimistic about how I'm setting everything up. I also bought Johnson and Johnson.

    nvda is a good idea, i myself have been playing AMD all year, its such a volatile stock, so ive been buying low, selling high on it all year, im currently in it again, its easily the stock that has given me the most gains this year.
    "True Strength is something Money and Credit cards cannot buy"
  • EphidelEphidel Old Man SRK Joined: Posts: 14,895 ✭✭✭✭✭ OG
    edited September 19
    I really hate buying stuff that's hot on the market (jacked up price), but I needed NVDA in my portfolio asap. I'm going to restructure this entire thing actually.

    The shares I'm getting rid of are UPS and Disney.

    I like UPS dividends, but Boeing pays 0.08 percent higher dividends, which I plan on replacing it with. Boeing is still more pricey though, which I don't like, but it's outpacing UPS returns by far. Tech is just dumb right now, most portfolio's are built around all this technology coming out and gadgets. Plus, I'm in the military and I see what they are doing, so it just makes sense lol.

    Disney is just too inconsistent. I could hold on to this stock until Marvel/Star Wars comes out, but what's the point? ESPN is toxic, movies aren't selling like they used too, there's just no point to this anymore when I have Netflix. I still agree that Disney is a great long term investment, but I'd rather buy it when I see changes approaching than look at my graph jumping up and down. I might replace Disney with Microsoft, or just something way more stable.

    I'm sorry. Humor me!!
    Fightcade: Ephidel
  • Icy Black DeepIcy Black Deep Still training... Joined: Posts: 1,441
    Ephidel wrote: »
    just something way more stable
    SPX
    New Jersey
  • NinetiesArcadeNinetiesArcade Joined: Posts: 1,473
    Goddamn it; forgot to save the article I was reading over the weekend but apparently another ruling is happening end of this week for another attempt at a bitcoin-based etfs. It will be the third attempt here in the US; the first ones were SolidX and WinkleVoss Bitcoin Fund ETF(though they are requesting for a re-review which has been approved). Anyways, looks like REX is another firm looking to form a bitcoin-based etfs.

    https://www.coindesk.com/etf-firm-rex-seeks-sec-approval-bitcoin-derivatives-fund/

    =============================================================
    "I put Soleil Moon Frye's breast reduction up with the Holocaust and Khmer Rouge purge as one of THE most senseless tragedies of the 20th Century." Return of Shiki.
    'Racism, that's the name of the game
    And you couldn't escape that if you was David Blaine
    Know what I'm sayin?' -Junk Science, House Wigger

  • FreezingCicadaFreezingCicada Joined: Posts: 626
    edited September 19
    For those interested in Bitcoin and dont want to actually buy the coins themselves but still want it in your profilo.
    http://www.marketwatch.com/investing/stock/mgti

    Mining 100 BTC a month and added more rigs. I got in when it was 1 dollar.
    Thing I would be most worried about is John McAfee pocketing all the bitcoin for himself and bouncing. Though I think Bitcoin will hit a 8-10k mark by the end of the year.

    Reason for the drop. Bitcoin had a crash when JPMorgan big wigs was talking shit about Bitcoin and China banning exchanges caused massive sell offs. Was at 5k then dipped to 2980. Thats when Europe JPMorgan starting buying into crypto.
    Atm its 4k -ish.
  • NinetiesArcadeNinetiesArcade Joined: Posts: 1,473
    MGTI quick info:
    lol1.png

    Dat 52-week doe... : .46 cents --> $4.26
    giphy.gif

    John McAfee is an 'interesting' fellow to say the least; some days he is a visionary and other times he seems like a complete nut job. Hmm maybe he cleaned up his act.
    =============================================================
    "I put Soleil Moon Frye's breast reduction up with the Holocaust and Khmer Rouge purge as one of THE most senseless tragedies of the 20th Century." Return of Shiki.
    'Racism, that's the name of the game
    And you couldn't escape that if you was David Blaine
    Know what I'm sayin?' -Junk Science, House Wigger

  • FreezingCicadaFreezingCicada Joined: Posts: 626
    Its only been on the market since Oct/16.
    The 4.26 mark was when everyone else was hearing news of Bitcoin breaking new highs and people jumping in. Plus a seeking alpha article helped increased interest in the stock.
    The sell offs was profit taking along with the shit talking and bitcoin having a slide for the past 2 weeks.