Anyone Have Experience Of Playing The Stock Markets?

Discussion in 'Hip Business Network' started by Gangster Guru, Dec 3, 2016.

  1. Ged

    Ged One moment ago... HipForums Supporter

    I'm due to come into a sizeable amount of money soon and am looking for ways to make it multiply from the comfort of my own home.Do any of you have experience of investments and stocks? How would I get started and how risky is it? Any software that could help and so on? What books should I read? Thanks.
     
    5 people like this.
  2. drumminmama

    drumminmama Super Moderator Super Moderator

    motley Fool folks wrote a decent book on beginning investing.
     
    3 people like this.
  3. Ged

    Ged One moment ago... HipForums Supporter

    Thanks.I will see if I can find that.I will probably set aside a certain sum as an experiment to see if I can make any money and see how that goes.I like the idea of investing in sustainable industries,which hopefully will be a growing market.
     
    2 people like this.
  4. OldDude2

    OldDude2 Member

    Yep, it's a really easy way of losing a lot of money in a short time.
     
  5. drumminmama

    drumminmama Super Moderator Super Moderator

    IME, sustainable isn't a quick return.

    Don't sink it all into investments right off. Put some aside to add when the market is on an upswing.

    Some people have had better luck directly investing in start ups, either as venture capitalists or angel investors.
    Get a mentor, for sure.
     
  6. TinyPlanet

    TinyPlanet Member

    Go slow, diversify, stay rational and out of any gold rushes, there are a lot of shady figures out there, so don't be too trusting in internet forums, 'analysts', banks, the companies you are planning to invest in. One more, don't go all in, keep some cash, just in case.
     
  7. Yep, it's a really easy way of Earning a lot of money in a short time. If you have a good experience.
     
  8. Orison

    Orison my dog is full of stars Staff Member Super Moderator

    just buy gold and sit on it..
     
    1 person likes this.
  9. Ged

    Ged One moment ago... HipForums Supporter

    I'm thinking of starting a small record label.A sure way to lose money but it'll be fun and the money won't last forever anyway.
     
  10. Scorpio Kenny

    Scorpio Kenny Church of the Good Earth - ArchBishop

    Hi Ged,

    I'm looking into building a Real hippie Disneyland. Sort of a Woodstock, Burningman, Love-in, Chochella, Renaissance Fair, Oregon Country Fair, type of thing with solid Classic Rock as a "Living History Museum". A part of this would involve land investment and development. Let me know if this sort of thing peaks your imagination. We could talk further.

    After all, 2017 is the 50th anniversary of "The Summer of Love"


    I also know a friend who had been the recording business in Hamburg.
     
  11. Orison

    Orison my dog is full of stars Staff Member Super Moderator

    buy netflix when it hits ⬇1.00 like this very moment
     
    4 people like this.
  12. Ged

    Ged One moment ago... HipForums Supporter

    Hi Kenny.Please see the pm I sent you.
     
  13. Scorpio Kenny

    Scorpio Kenny Church of the Good Earth - ArchBishop

    Hi Ged
    I P.M.ed you some details back.
     
  14. Ged

    Ged One moment ago... HipForums Supporter

    I have an idea for a business but it's secret until I can get the web domain name and get started. It's work that I can start on alone, and then employ others if it expands, and using skills I already have. Initial investment is small, needing a van, relatively cheap materials, business cards and some niche advertising in the appropriate magazines. I think it's a goer.
     
  15. jpdonleavy

    jpdonleavy Member

     
  16. Ged

    Ged One moment ago... HipForums Supporter

    Christian Lagarde looks like a lizard woman.
     
  17. BlackBillBlake

    BlackBillBlake Hip Forums Supporter HipForums Supporter

    Going into business is risky - when I did it I ended up loosing most of my money. Most new businesses fail relatively quickly. The UK economy is looking very unpredictable at the moment, so I'd proceed with caution if that's what you're thinking about. Unless of course you have some very original idea, but even then I would be careful how much of you own money you invest in it.

    Gold or Bitcoin are both good ways to store value and avoid negative interest. And Bitcoin has gone up in fiat value quite a lot in recent months.
     
  18. drumminmama

    drumminmama Super Moderator Super Moderator

    How do you make a million in music? Start with two million.
     
    1 person likes this.
  19. Asmodean

    Asmodean Slo motion rider

    I did play the stock markets like a fiddle in GTA5
     
  20. BlackBillBlake

    BlackBillBlake Hip Forums Supporter HipForums Supporter

    Just a few figures. Bought Bitcoin about 3 years ago, soon after Mount Gox crashed, at £270 approx. as of this moment, 23:26 BST 22/09/17 price is £2,609 rising slowly.. If I'd posted this two weeks ago before the current issues in china, as high as £3,500. So - I sell half for gold now, and my profits are secured. I still have BTC at £2,700. Ten times my investment. If it starts to look like wipeout time - buy more gold with the coins. Seems to me like one of the few can't loose scenarios I've ever been in. But fuck - it's only money.

    Glad I took the time to look into crypto when I did.
     
    1 person likes this.

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