Would there be any interest in a POA investment club?

J

JOhnH

Touchdown! Greaser!
Joined
May 20, 2009
Messages
14,452
Location
Florida
Display Name
Display name:
Right Seater
People ask each other all kinds of questions here on POA.
Would there be any possibility, or any interest in a POA stock investment board? It could even be an "opt-in" board.

I know we have a lot of business acumen here, and we have a lot of people that are diligent researchers, and we probably have a lot of people that like to dabble in day trading.

So, would there be any interest?
 
PaulS said:
Possibly, I'd like to see what you have in mind.
Click to expand...
I haven't thought it through completely,
but one thing is for sure: People on this forum are great at ripping up other people's ideas. Sometimes, they even have some facts to support them.

Occasionally, I read or hear about a stock on the news that sounds like a great investment. I can just see posting it here and getting some high quality opinions. Of course, there would be the other kind too, but that would give one something to think about.

Of course I understand that any opinions heard here are just that: opinions. But I think it might give some good clues on some good investments. We could even have virtual contests. You could claim bragging rights if you recommend a stock that does well, but you would also be called out if you brag about your winner but others show you your dozen losers.

Lots of ways the board could be handled.
 
It sounds fun but I don't think I'd be willing to stake my interests in it. I do not manage my own trading anymore. I've turned it over to the pros.
 
I'm not wagering my hard earned cash based on how well someone argues on the internet.

If you can come up with a solid way of doing it I would be very interested.

I worked as a design engineer at a hydraulic company that was one of 6 owned by a group of 12 guys who nobody had ever even seen. I would be very interested in a situation like that.
 
JOhnH said:
I haven't thought it through completely,
but one thing is for sure: People on this forum are great at ripping up other people's ideas. Sometimes, they even have some facts to support them.

Occasionally, I read or hear about a stock on the news that sounds like a great investment. I can just see posting it here and getting some high quality opinions. Of course, there would be the other kind too, but that would give one something to think about.

Of course I understand that any opinions heard here are just that: opinions. But I think it might give some good clues on some good investments. We could even have virtual contests. You could claim bragging rights if you recommend a stock that does well, but you would also be called out if you brag about your winner but others show you your dozen losers.

Lots of ways the board could be handled.
Click to expand...

Sounds like fun, I wonder if we could set up a voting type system to "invest" in stock brought forward and track it somehow. I'd be curious to see how we would do.
 
I would be more inclined to participate in Fantasy Football! :D:D
 
I'm not the one that would decide, but I wasn't thinking of a type of club where we actually ante up any money. It would be a personal thing where you could get advice to use as you see fit. It could also include some sort of fake, or fantasy portfolio, but that wasn't what I had in mind. I was just thinking about an exchange of thoughts and ideas.
 
Sac Arrow said:
It sounds fun but I don't think I'd be willing to stake my interests in it. I do not manage my own trading anymore. I've turned it over to the pros.
Click to expand...
Yeah, I turned mine over to the pros about a decade ago because I didn't have the time or expertise to do as good a job. But now I have the time and the funds to play around with it again. I thought this would be a fun way to get ideas and free advice. And maybe even give some advice. I learn from my mistakes, therefore I have learned a lot over the years.
 
Sac Arrow said:
It sounds fun but I don't think I'd be willing to stake my interests in it. I do not manage my own trading anymore. I've turned it over to the pros.
Click to expand...


This is pretty much where I'm at these days also. Trading (properly) takes more time than I'm able to spend on it.

But if someone wants to guarantee a rate of return in writing... Ha! ;)
 
Based on some of the advice I see handed out here I think I'll stick to managing my own portfolio! :D
 
JOhnH said:
I'm not the one that would decide, but I wasn't thinking of a type of club where we actually ante up any money. It would be a personal thing where you could get advice to use as you see fit. It could also include some sort of fake, or fantasy portfolio, but that wasn't what I had in mind. I was just thinking about an exchange of thoughts and ideas.
Click to expand...

In college finance course, I usually 'gave' each student $50,000 to invest at the start of the semester. The final exam was justification for how they invested their 'found' money. One semester a guy shorted two companies there were supposed to merge, and it wasn't approved. He made a pile on the short. It's kind of fun, but you need to publicly state your date and trades so it's all honest(fake) investment.
 
JOhnH said:
I'm not the one that would decide, but I wasn't thinking of a type of club where we actually ante up any money. It would be a personal thing where you could get advice to use as you see fit. It could also include some sort of fake, or fantasy portfolio, but that wasn't what I had in mind. I was just thinking about an exchange of thoughts and ideas.
Click to expand...

Not sure what you mean "ante up any money"???
 
PaulS said:
Not sure what you mean "ante up any money"???
Click to expand...
I was getting the impression that some people thought I was recommending an investment club, like the ones where the members each ante up a certain amount of "real" money and then the club decides by vote where to invest it. The members then share in the gain or loss.

I just wanted to make it clear that I was not recommending that.
 
JOhnH said:
I was getting the impression that some people thought I was recommending an investment club, like the ones where the members each ante up a certain amount of "real" money and then the club decides by vote where to invest it. The members then share in the gain or loss.

I just wanted to make it clear that I was not recommending that.
Click to expand...

Got it, thanks, still interested and if it started looking good, I'd start my own account and follow the votes just for giggles. I wouldn't share any profits though. :wink2:
 
I'll save you all the trouble. Here's how to get rich:

1) Take all the money you were going to spend on airplanes, flying, maintenance, etc. and put it into index funds
2) Wait
 
I'd prefer a POA lottery. :D
 
Ok everyone send me 20 bucks and I'll send you 25 bucks after 90 days.....

Bernie

(sent from Folsom Prison)
 
I'm in for a couple of hundred. It'd be fun.
 
F01LA said:
I'll save you all the trouble. Here's how to get rich:



1) Take all the money you were going to spend on airplanes, flying, maintenance, etc. and put it into index funds

2) Wait
Click to expand...


You forgot guns, trucks, radios, towers, barns, tractors, and boats. So I think the plan, as written, is fatally flawed. ;)
 
I've become a little obsessed with looking at the SP 500 every 5 minutes, even though my perspective is long term (I'm 30). Everything after August sucks.
 
F01LA said:
I'll save you all the trouble. Here's how to get rich:

1) Take all the money you were going to spend on airplanes, flying, maintenance, etc. and put it into index funds
2) Wait
Click to expand...

If you wait long enough your kids and grandkids will have a great time spending it on airplanes, boats, cars along with hookers and blow!! :D:D:D
 
Yes.

If you went long on anything since 2009 till about 2013, it would be hard to look like anything but a hero.

The stock market has been rocky as of late but valuations are still quite high compared to 2009-2013. Wish I knew what the future holds.
 
F01LA said:
I'll save you all the trouble. Here's how to get rich:

1) Take all the money you were going to spend on airplanes, flying, maintenance, etc. and put it into index funds
2) Wait
Click to expand...
The winner!

It's amazing how many people don't pay attention.
 
How about stocks vs buying cheap rental houses. I'm almost a year into trying that. Haven't had "horror" stories but I did have unexpected costs that were way out of the norm (foundation issue). Dealing with tenants suck.
 
Tomahawk674 said:
How about stocks vs buying cheap rental houses. I'm almost a year into trying that. Haven't had "horror" stories but I did have unexpected costs that were way out of the norm (foundation issue). Dealing with tenants suck.
Click to expand...
I'm doing that too, but that is a very local thing. Someone in Seattle probably couldn't help me much here in Florida. But that would certainly be a valid topic on an investment board.
 
It looks like we have about a grand in pledges. Now, what to buy?
 
I participate in some investment/money boards.

Beyond supporting the recommendation to just buy and hold low cost index funds (and average 8-11%/year with no worries), if you're really interested, i'd take yourselves over to a money board. MOds, hope this isn't a no no to link to another board, but ymam.proboards.com is pretty fantastic. there are people talking about all kinds of investment and other financial matters.

Frankly, i would talk about planes here, but since most of us here are sharing real identities, i'd recommend you set up a different name on an investment board and talk to folks there.

That said, the real advice is that if you want 2-5% returns and an ulcer, you should chase a "great investment" and try to pick stocks and get out of the market when "the end of the world" happens ever 15 years or so and buy in when the market is "hot"

If you want 8-11% and no ulcer, unfortunately, you'll have a very boring investing life where you buy VTSMX or something similar, put a dedicated amount in it every month/year, and look at your statement every 3-5 years.
 
They said the Trump would have been better off putting his inheritance in the market. The S&P did better than his real estate ventures. But what fun is that? ;)

PS: my ventures into 2-3 day trading made me $35. Woohoo!
 
ok here's a basic question for the pro's.

let's just say that for the year my net gains on shorted stocks are, oh I'll make up a number, how about $5,866.16. What should my strategy be prior to year end to sell some losses so I don't pay a big fat wad in taxes, yet also make it worthwhile for me? does any of that even make sense? I just hear if you made money, sell some losses to make up for it but I don't know a strategy around that concept. it also doesn't make sense to me, if you're trading to make money, why sell at a loss and cancel out any gains...why invest at all then unless you're going long? I know, I suck.
 
eman1200 said:
ok here's a basic question for the pro's.

let's just say that for the year my net gains on shorted stocks are, oh I'll make up a number, how about $5,866.16. What should my strategy be prior to year end to sell some losses so I don't pay a big fat wad in taxes, yet also make it worthwhile for me? does any of that even make sense? I just hear if you made money, sell some losses to make up for it but I don't know a strategy around that concept. it also doesn't make sense to me, if you're trading to make money, why sell at a loss and cancel out any gains...why invest at all then unless you're going long? I know, I suck.
Click to expand...

Not a pro, but I only worry about short versus long term capital gains, I despise short term cap gains and will avoid it at all costs. That theory made me a lot of money around 1999, but that's another story. I hate losses and generally try to avoid them.
 
The following is not tax advice, and may light your hair on fire (safety disclaimer).

From what I gather, the only reason you'd like to take a loss is if you're being pushed into a higher income bracket and are going to pay heavier taxes. Really, unless you're a super trader and killed it in the market this year, I wouldn't bother trying to take a loss on the stock that is doing poorly, unless you know for sure it is never going to perform well again (crystal ball?)

I'm currently playing with a little bit of day trading that can buy me a lunch every once in a while. The more sensible approach is buying longer term. Long term capital gains are taxed differently, and depending on your income level you could even get away with paying no tax on long term capital gain transactions. Long term meaning you held the asset for over a year.

Also, you want to hold on to stuff for a long while so you get your little dividends reinvested. Hopefully such a strategy over a decade will give you nice yields.
 
If you think it's wise to actively manage your own portfolio, read this: A Random Walk Down Wall Street (Tenth Edition) by Burton G. Malkiel

Then read this: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets 2nd edition Paperback by Nassim Nicholas Taleb

If you think a "pro" can do better, read the Standard & Poor's "SPIVA" and "Manager Persistence" reports for any quarter. They all pretty much report the same results.

Reader's Digest Condensed Version: Buying and holding index funds, as a few people here have recommended, gives you by far your highest probability of success.
 
You must log in or register to reply here.
Back
Top