Your a idiot for losing money on stocks,but applauded for drug dealer risk(Update:moneys gone).

[Obreh Winfrey]

and you gotta admit this thread highlights just how scared we are to lose our money.

I want you to note,many of the people who have shown up here will be the same ones in the next thread ,talking about black people need to participate in group economics.

Which is beautiful,but here you are continuing to foster the fear many of us have about losing money that won't dramatically change our lives.

The thing you don't seem to be able to comprehend is that spending money designated for rent to use on investments (used loosely given how you describe your knowledge and ability) is how people kill their finances before a good thing can start. Educate yourself: Capital Gains Tax 101
I imagine you're going to try for a quick flip which means you'll be paying higher capital gains tax on what you make. If the tax plus trading fees and however much the interest you've accrued on your credit card is more than your value at the end then you're wasting money. Never use money for essentials on investments because investments are NEVER guaranteed. Save a pool of money for investing and only touch that. Fear of losing money is healthy because it can keep you from making boneheaded spur of the moment decisions. You're steady in here Juelzing, trying to think what you did was right but it was wrong. Even if you realize a large percentage of gains it's still wrong because you went about it the wrong way and it'll only reinforce bad habits.

 

[Jparker]

I haven't lost YET either,I got in at 7.50,its at 8.22 now breh ,while you guys were in here chastising me you could've taken your disposable income and made a little bit of money. I could sell right now and have my rent money,plus an extra 50-60 dollars,and hopefully its still climbing. You guys who really have disposable income could've made hundreds,maybe 1000's.

Now maybe I should sell based on all of your "advice" if thats what you want to call it. But I'm not sellin

God use me as a vessel to show my people

Risk your rent money for 50-60 dollars brehs

 

[Indiglow Meta (R$G)]

Never heard that one,do you remember the story of Joseph,where his own brothers pushed him into the pit?

He wore that dumb ass jacket to stunt, you missed the lesson.

Tar-Baby - Wikipedia


I see what you doing.

 

[GrindtooFilthy]

I get the feeling op stock was Bitcoin

 

[Obreh Winfrey]

MARK is way overbought and there's no rhyme or reason. People are gonna pull out and OP is going to be left in tears.

 

[Benefited]

Risk your rent money for 50-60 dollars brehs

100$ now

The thing you don't seem to be able to comprehend is that spending money designated for rent to use on investments (used loosely given how you describe your knowledge and ability) is how people kill their finances before a good thing can start. Educate yourself: Capital Gains Tax 101
I imagine you're going to try for a quick flip which means you'll be paying higher capital gains tax on what you make. If the tax plus trading fees and however much the interest you've accrued on your credit card is more than your value at the end then you're wasting money. Never use money for essentials on investments because investments are NEVER guaranteed. Save a pool of money for investing and only touch that. Fear of losing money is healthy because it can keep you from making boneheaded spur of the moment decisions. You're steady in here Juelzing, trying to think what you did was right but it was wrong. Even if you realize a large percentage of gains it's still wrong because you went about it the wrong way and it'll only reinforce bad habits.

This will be a lesson learned,that I need to make sure to keep money available to invest for when I see a "sure thing". I made a risky,decision but not a life changing decision. And no I'm not planning on a quick flip with this one,looks like it has alot of potetntial.

 

[WaveCapsByOscorp™]

You spent rent money on a stock. You are stupid. Or let me say, not stupid, just naive or foolish

 

[the cac mamba]

heres an idea, save up a spare thousand and then start doing this shyt

 

[Benefited]

MARK is way overbought and there's no rhyme or reason. People are gonna pull out and OP is going to be left in tears.

obviously I'm not dumb enough to let it hit 0,which is highly unlikely and damn near impossible and you know it. You think I would be in tears over losing a few hundred dollars? Alot of you investors who know better,seem like you want to keep our people in the dark. Hopefully its just because you want to shyt on me,and not something more foul.

 

[basedlawd]

100$ now



This will be a lesson learned,that I need to make sure to keep money available to invest for when I see a "sure thing". I made a risky,decision but not a life changing decision. And no I'm not planning on a quick flip with this one,looks like it has alot of potetntial.

Why do you think it has potential? What about the company itself makes you optimistic about it's future? Is it simply because the price of the stock went up so high?

I don't want to be a naysayer but you're looking at a company that has had a consistently flat stock for years now, only just recently having a bump. Do you believe this company's potential is that great to bet your rent money on it?

 

[Clay Puppington]

OP's gotta be a troll. A good one at that. 7 pages and counting.

 

[Slystallion]

what did you invest in? The market has been in a major bull run how did you lose money?

Penny stocks? Did you gamble your living expenses on risky stocks?

You need to save an emergency fund before even thinking of investing...worry about your cash flow and bills first that's number 1

PM me if you are actually serious with questions

 

[Obreh Winfrey]

obviously I'm not dumb enough to let it hit 0,which is highly unlikely and damn near impossible and you know it. You think I would be in tears over losing a few hundred dollars? Alot of you investors who know better,seem like you want to keep our people in the dark. Hopefully its just because you want to shyt on me,and not something more foul.

People are trying to teach you a lesson and rather than soaking it in you're getting defensive because you don't want to be wrong. You clearly didn't do proper research before you bought. On top of that you used the wrong pool of money. If we don't correct this behavior now then the stock market is going to eat you alive. You could wake up tomorrow and MARK is trading at 6.90 and never reach 7.00 again. Stocks don't anyways go up and when they do it doesn't last forever. The market can change minute to minute. If you didn't do this with rent money we wouldn't be riding you this hard .

 

[Arithmetic]

#1 rule only invest $ you can afford to lose. Rent and utility $ comes before everything.

#2 protect your money/capital/investment at all costs. If you think an investment is losing value you got to be quick-thinking and get out of that investment.

 

[Benefited]

People are trying to teach you a lesson and rather than soaking it in you're getting defensive because you don't want to be wrong. You clearly didn't do proper research before you bought. On top of that you used the wrong pool of money. If we don't correct this behavior now then the stock market is going to eat you alive. You could wake up tomorrow and MARK is trading at 6.90 and never reach 7.00 again. Stocks don't anyways go up and when they do it doesn't last forever. The market can change minute to minute. If you didn't do this with rent money we wouldn't be riding you this hard .

If it goes to 6.90 thats okay,that ammount of money is not life changing. Im starting to think the jews get a bad rap for how tight they clench their money

I'm just trying to spark my peoples minds,and my lesson was already taught,and I already acknowledged I potentially made a dumb decision I dont plan on making again so why we gotta pile on. But like i said from the beggining of this thread,we must stay patient when trying to teach our people a different way. Telling you about the rent money was an important part of the story.

The stocks at 9.24 now folks,hopefully some of you with disposable thousands were able to get in and really make profit,whether you hold for the long haul or take some profits. Im up $200 at the moment,so hopefully it all ends well.

God let me be a vessel to spark one mind