https://thepurge.net/ Sun, 20 Sep 2026 13:02:24 +0000 MyBB https://thepurge.net/showthread.php?tid=17025 Sat, 22 Jul 2023 13:30:02 -0400 Arsilon]]> https://thepurge.net/showthread.php?tid=17025 https://www.youtube.com/watch?v=sG_v4bb2e4k]]> https://www.youtube.com/watch?v=sG_v4bb2e4k]]> https://thepurge.net/showthread.php?tid=16889 Tue, 25 Jan 2022 15:37:00 -0500 Crice]]> https://thepurge.net/showthread.php?tid=16889
Post what you own:
CRO, MANA, BTC

SHPING is up 308.75% this month....
PLU up 53.28% today 
MPL up 33.18% today

Those are high risk and short holds. IMO. Some people are getting rich off the dips.]]>
Post what you own:
CRO, MANA, BTC

SHPING is up 308.75% this month....
PLU up 53.28% today 
MPL up 33.18% today

Those are high risk and short holds. IMO. Some people are getting rich off the dips.]]> https://thepurge.net/showthread.php?tid=16862 Fri, 03 Dec 2021 17:30:28 -0500 TinStar]]> https://thepurge.net/showthread.php?tid=16862
It seems that he can use his celebrity to drive stock prices up/down and use his ability to buy/sell massive amounts to also drive prices up/down.  I felt with dogecoin that he absolutely used his celebrity to boost the value.

I also feel that he may be doing this with tesla as well(granted... I'm an idiot...). But him selling off massive amounts of tesla stock, making decisions for the company causing the stock prices to fall, and then repurchasing his stock seems very manipulative(I don't think he has purchased any since he sold recently, but I'm waiting for it to happen).]]>
It seems that he can use his celebrity to drive stock prices up/down and use his ability to buy/sell massive amounts to also drive prices up/down.  I felt with dogecoin that he absolutely used his celebrity to boost the value.

I also feel that he may be doing this with tesla as well(granted... I'm an idiot...). But him selling off massive amounts of tesla stock, making decisions for the company causing the stock prices to fall, and then repurchasing his stock seems very manipulative(I don't think he has purchased any since he sold recently, but I'm waiting for it to happen).]]> https://thepurge.net/showthread.php?tid=14781 Wed, 21 Jun 2017 23:05:59 -0400 Grieve]]> https://thepurge.net/showthread.php?tid=14781
Some fun stats:

If you invested $1000 in Bitcoin a year ago, it would be worth $4,213 today
If you invested $1000 in Bitcoin in 2013, it would be worth $193,000 today
If you invested $1000 in Bitcoin in 2010, it would be worth $262,000,000 today hock:
If you invested $1000 in Ethereum just 3 months ago, it would be worth $19,225 today
If you invested $1000 in Ethereum in 2015, it would be worth $748,960 today

So yeah, I'm late. But hey, you can't get returns like that in the stock market (without some crazy options plays).

Then again, this is scary stuff. I bought in on Bitcoin at $2225.88, and ETH at $231.05, and within two weeks Bitcoin hit $3000 and ETH hit $400. Then there was a huge crash, before both started going back up again. Then just today ETH had a flash crash, falling to 10c (yes 10 cents) before jumping back up to $300 in the space of seconds (some lucky bastard got the deal of a lifetime). http://www.businessinsider.com/ethereum-...ash-2017-6

I also starting cloud mining Bitcoin and ETH. That seems to have less risk, but it can take 6 months or longer to make a profit. Unless of course the value sky rockets again...

Anyone else dabbling/investing? Or even have a mining rig setup at home?

  eth.png (Size: 32.85 KB / Downloads: 303) ]]>
Some fun stats:

If you invested $1000 in Bitcoin a year ago, it would be worth $4,213 today
If you invested $1000 in Bitcoin in 2013, it would be worth $193,000 today
If you invested $1000 in Bitcoin in 2010, it would be worth $262,000,000 today hock:
If you invested $1000 in Ethereum just 3 months ago, it would be worth $19,225 today
If you invested $1000 in Ethereum in 2015, it would be worth $748,960 today

So yeah, I'm late. But hey, you can't get returns like that in the stock market (without some crazy options plays).

Then again, this is scary stuff. I bought in on Bitcoin at $2225.88, and ETH at $231.05, and within two weeks Bitcoin hit $3000 and ETH hit $400. Then there was a huge crash, before both started going back up again. Then just today ETH had a flash crash, falling to 10c (yes 10 cents) before jumping back up to $300 in the space of seconds (some lucky bastard got the deal of a lifetime). http://www.businessinsider.com/ethereum-...ash-2017-6

I also starting cloud mining Bitcoin and ETH. That seems to have less risk, but it can take 6 months or longer to make a profit. Unless of course the value sky rockets again...

Anyone else dabbling/investing? Or even have a mining rig setup at home?

  eth.png (Size: 32.85 KB / Downloads: 303) ]]> https://thepurge.net/showthread.php?tid=14475 Fri, 24 Jun 2016 07:28:59 -0400 Grieve]]> https://thepurge.net/showthread.php?tid=14475
I just sold 3/4 of my stock holdings holdings in the pre market. Most already down 3-5%, but who knows how bad it will get?]]>
I just sold 3/4 of my stock holdings holdings in the pre market. Most already down 3-5%, but who knows how bad it will get?]]> https://thepurge.net/showthread.php?tid=14460 Wed, 01 Jun 2016 13:15:30 -0400 Slamz]]> https://thepurge.net/showthread.php?tid=14460
e.g., $200,000 house, 6% commission is $12,000, split between the buyer agent and seller agent is $6,000 each. If we assume I pay them $50/hour for their work, that's a solid 3 weeks, 40 hours per week, EACH, selling just my home (or a solid 1 week each if I assume I'm paying them $150/hour, which in a salary job would be about $300,000/year).

Realtors don't do anything like that amount of work -- especially the buyer's agent since these days you probably did a pretty good job of finding the house you wanted online and did your own investigation into schools and so forth.


But negotiating down the commission can get tricky. The buyers' agents may mysteriously get thin if the seller is only splitting half of 4%.

There's always "for sale by owner" and then hire a lawyer to do the paperwork (much cheaper) but I've never really looked into it.


I'm not really aiming to sell anytime soon, just curious what, if anything, other people have done to mitigate the standard 6% commission.]]>
e.g., $200,000 house, 6% commission is $12,000, split between the buyer agent and seller agent is $6,000 each. If we assume I pay them $50/hour for their work, that's a solid 3 weeks, 40 hours per week, EACH, selling just my home (or a solid 1 week each if I assume I'm paying them $150/hour, which in a salary job would be about $300,000/year).

Realtors don't do anything like that amount of work -- especially the buyer's agent since these days you probably did a pretty good job of finding the house you wanted online and did your own investigation into schools and so forth.


But negotiating down the commission can get tricky. The buyers' agents may mysteriously get thin if the seller is only splitting half of 4%.

There's always "for sale by owner" and then hire a lawyer to do the paperwork (much cheaper) but I've never really looked into it.


I'm not really aiming to sell anytime soon, just curious what, if anything, other people have done to mitigate the standard 6% commission.]]> https://thepurge.net/showthread.php?tid=14448 Sat, 14 May 2016 17:38:06 -0400 Grieve]]> https://thepurge.net/showthread.php?tid=14448
https://www.lendingclub.com/public/stead...rns.action

I'm thinking of transferring my Roth IRA into lending club or one of the others, like Prospere. Seems like pretty reliable returns of 7-12%, a lot better than a money market or cd account. Could be risky in a recession, but a good way to diversity.]]>
https://www.lendingclub.com/public/stead...rns.action

I'm thinking of transferring my Roth IRA into lending club or one of the others, like Prospere. Seems like pretty reliable returns of 7-12%, a lot better than a money market or cd account. Could be risky in a recession, but a good way to diversity.]]> https://thepurge.net/showthread.php?tid=13939 Fri, 24 Apr 2015 09:56:46 -0400 Breand]]> https://thepurge.net/showthread.php?tid=13939
http://www.optimum.com/tv/digital-antenna.jsp

$35 a month for broadband, they give you an HD antenna, and you get Freewheel service for free after phone purchase. (Freewheel is a wi-fi only phone)]]>
http://www.optimum.com/tv/digital-antenna.jsp

$35 a month for broadband, they give you an HD antenna, and you get Freewheel service for free after phone purchase. (Freewheel is a wi-fi only phone)]]> https://thepurge.net/showthread.php?tid=13892 Fri, 13 Feb 2015 15:47:05 -0500 Breand]]> https://thepurge.net/showthread.php?tid=13892
apps.finra.org/fundanalyzer/1/fa.aspx]]>
apps.finra.org/fundanalyzer/1/fa.aspx]]> https://thepurge.net/showthread.php?tid=13888 Fri, 06 Feb 2015 01:31:28 -0500 bonestomper]]> https://thepurge.net/showthread.php?tid=13888
The time to buy a quality investment is when you have the money available. Oil is not a quality investment, it is a bet.

The devil is in knowing when to sell. Or trying to pick the absolute bottom.

I have been buying USL and bought it at the freaking high for myself of the last couple days at 27.31. All of my clients bought it cheaper than me that day and the next few days. I can't buy before any of my clients.

I found out we don't do leveraged ETFs in normal brokerage accounts, so that took out UCO and UWTI. I took USL over most of the other ETFs because it is the 12 month rolling term and hoped to avoid as much of the contango as possible.

And you really need to understand. Today i did over 67k in mutual fund sales and only 5k in USL. Oil is not a major part of the book.

Where i guess I did fuck up was having a doz client sell Amazon the day it jumped 45$ to 350. They all made great money, but then it hit 375. But we bought CAT at below $80 so it is all good since $83.5 now

I am not your high roller NY stock broker. Think of me more like an independent insurance agent in a small town. If I beat the return from the bank, I am doing a great job. Most of my work is making sure all the estate planning and beneficiary stuff is correct and legal.

I have opened a few new accounts over oil. Told them I normally get pay to be an investment advisor but some times I just get paid to be a bookee.

Did oil hit the bottom? Fuck if i know but after a 10% rise back up I thought it was to buy.]]>
The time to buy a quality investment is when you have the money available. Oil is not a quality investment, it is a bet.

The devil is in knowing when to sell. Or trying to pick the absolute bottom.

I have been buying USL and bought it at the freaking high for myself of the last couple days at 27.31. All of my clients bought it cheaper than me that day and the next few days. I can't buy before any of my clients.

I found out we don't do leveraged ETFs in normal brokerage accounts, so that took out UCO and UWTI. I took USL over most of the other ETFs because it is the 12 month rolling term and hoped to avoid as much of the contango as possible.

And you really need to understand. Today i did over 67k in mutual fund sales and only 5k in USL. Oil is not a major part of the book.

Where i guess I did fuck up was having a doz client sell Amazon the day it jumped 45$ to 350. They all made great money, but then it hit 375. But we bought CAT at below $80 so it is all good since $83.5 now

I am not your high roller NY stock broker. Think of me more like an independent insurance agent in a small town. If I beat the return from the bank, I am doing a great job. Most of my work is making sure all the estate planning and beneficiary stuff is correct and legal.

I have opened a few new accounts over oil. Told them I normally get pay to be an investment advisor but some times I just get paid to be a bookee.

Did oil hit the bottom? Fuck if i know but after a 10% rise back up I thought it was to buy.]]> https://thepurge.net/showthread.php?tid=13876 Thu, 15 Jan 2015 09:47:31 -0500 Breand]]> https://thepurge.net/showthread.php?tid=13876
http://www.reuters.com/article/2015/01/1...XK20150115]]>
http://www.reuters.com/article/2015/01/1...XK20150115]]> https://thepurge.net/showthread.php?tid=13870 Tue, 06 Jan 2015 09:50:19 -0500 Jakensama]]> https://thepurge.net/showthread.php?tid=13870 https://thepurge.net/showthread.php?tid=13851 Fri, 05 Dec 2014 19:32:52 -0500 strife]]> https://thepurge.net/showthread.php?tid=13851
I'm asking as an ignorant stock guy, so if something sounds stupid...

From my quick research, buying into the United states Oil fund is like buying into barrels of oil(although it doesn't seem to be a 1 to 1 comparison as Oil is like $65 right now and the stocks are right about $25.

To the ignorant stock guy, this seems like an easy win... why is that wrong?]]>
I'm asking as an ignorant stock guy, so if something sounds stupid...

From my quick research, buying into the United states Oil fund is like buying into barrels of oil(although it doesn't seem to be a 1 to 1 comparison as Oil is like $65 right now and the stocks are right about $25.

To the ignorant stock guy, this seems like an easy win... why is that wrong?]]> https://thepurge.net/showthread.php?tid=13850 Thu, 04 Dec 2014 12:26:30 -0500 Vanraw]]> https://thepurge.net/showthread.php?tid=13850
This is a good opinion piece on Russia from an investment perspective.not looking for this to be a political conversation. Might be a good point to invest in a Russia bottomvia a ETF.
http://www.marketwatch.com/story/will-ru...2014-12-03]]>
This is a good opinion piece on Russia from an investment perspective.not looking for this to be a political conversation. Might be a good point to invest in a Russia bottomvia a ETF.
http://www.marketwatch.com/story/will-ru...2014-12-03]]> https://thepurge.net/showthread.php?tid=13813 Mon, 27 Oct 2014 09:41:33 -0400 Breand]]> https://thepurge.net/showthread.php?tid=13813
I look at it at face value and to me, a traditional 401k makes more sense because I won't have the same income level when I retire than I do now, so it'd be cheaper to take money out of a 401k later in life, than pay taxes on Roth investments now. But I know Grieve explained it in a way that made good sense.]]>
I look at it at face value and to me, a traditional 401k makes more sense because I won't have the same income level when I retire than I do now, so it'd be cheaper to take money out of a 401k later in life, than pay taxes on Roth investments now. But I know Grieve explained it in a way that made good sense.]]>