School me on investing...

Discussion in 'General' started by noles19, Nov 8, 2017.

  1. A. Barrister

    A. Barrister Well-Known Member

    Motorcycles and alcohol. What could go wrong?


    :timeforabeer:
     
  2. pickled egg

    pickled egg Well-Known Member

    Would you prefer meth? ;)
     
  3. Dave Wolfe

    Dave Wolfe EV Hater

    Dunno. My local bar Chrome Horse closed down.
     
  4. Tristan

    Tristan Well-Known Member

    SMCI... ouch

    I knew something was up when I saw the email "your buy order was executed at $34.72"....slightly under the $44 order
     
    Last edited: Oct 30, 2024
  5. thrak410

    thrak410 My member is well known

    Yeah wiped out all my gains bleh ... oh well. It'll either go back to boom or completely bust.

    At least google is propping my portfolio up today. :)
     
  6. Boman Forklift

    Boman Forklift Well-Known Member

    Haven’t noticed you guys talking about this one, but when the accounting firm quits, you know there are some major issues.
     
  7. 418

    418 Expert #59

    Posted something about venture capital firms in the YT thread that might be of value.

    I finally realize how these venture capital firms actually work. I suspected there was some bullshit involved but now I know for sure lol.

    This explains how a number of these compaines that will never be profitable still end up on the stock exchange.
     
  8. Tristan

    Tristan Well-Known Member

    I'm only 45% down overall on it... this is what we call a "buying opportunity". As long as NVDA keeps the AI train rolling SMCI will be fine.
     
    thrak410 likes this.
  9. Tristan

    Tristan Well-Known Member

    ok- the boredom level is high today, so I tried to watch that vid you posted about quantum computing... made it almost 2 minutes. The monotone headmistress was not doing it for me.
     
  10. Venom51

    Venom51 John Deere Equipment Expert - Not really

    Quantum computing will be a reality right after the first fusion reactor goes into service. Yes, we have it. Is it providing anything worth the hassle and expense to build it currently. Not really.
     
    Last edited: Oct 30, 2024
    Boman Forklift and MrGooch like this.
  11. 418

    418 Expert #59

    It's not entertaiment, it's information.

    And the main topic isn't really about quantum computing.
     
  12. Tristan

    Tristan Well-Known Member

    I skipped to the end and tried to get the point about venture capitalists, but that must have been somewhere in the middle. Wanna give me Cliffs notes or your takeaway? And why I should care about what and why venture capital firms do what they do? I mean, new companies need $$ and a lot of them burn thru cash for years before being profitable- these firms are kind of a necessary evil.
     
  13. Boman Forklift

    Boman Forklift Well-Known Member

    I lost a lot of money, dollar cost averaging down, in the early 2000’s tech boom, just be careful.
     
  14. Tristan

    Tristan Well-Known Member

    I'm too poor to be too careful... but seriously- don't worry, I spread my eggs into a lot of baskets.
     
    Boman Forklift likes this.
  15. Jedb

    Jedb Professional Novice :-)

    I believe they refer to those as "carry forward losses"
    I had ~4 years of those 2003 - 2007.
     
  16. HPPT

    HPPT !!!

    SMCI risks being de-listed by NASDAQ... again (2018)!
     
  17. auminer

    auminer Renaissance Redneck

    It's shinin'!! :mad:

    [​IMG]


    If you really want to catch a falling knife, I still firmly expect that this is a good one to catch.
     
  18. Boman Forklift

    Boman Forklift Well-Known Member

    In my mind, I still have bloody hands from 24 years ago. I think some of my fingers had to be surgically reattached. It’s just to painful to relive that 7 figure loss.
     
  19. auminer

    auminer Renaissance Redneck

    Ouch.
     
  20. Boman Forklift

    Boman Forklift Well-Known Member

    Yep. That is when I quit investing in any individual stocks, shorting stocks, buying on margin, and all the other stupid stock gambling that was going on during the tech boom. I've mentioned it before, but I made a bunch and then lost all of it. I actually put the biggest commission check I ever earned, 160K, straight into the stock market and lost all of it during that timeframe. I only bought mutual funds after that, until here in the last couple years. I even sold the BABA and AMZN I had for awhile and moved back into the S&P 500.

    I had carry forward losses since around 2000 and finally got to use them when I sold our commercial building a few years back. It had been so long, the IRS wanted to deny the losses, unless I had proof. I had all that proof then, but as instructed, got rid of old tax records after 7-10 years. Anyway, the IRS allowed them against the building profit, which was what they should have done anyway. The carry forward losses are only allowed at 3k a year, if I remember correctly, which is BS if you ask me. Because, they surely will tax 100% of the gains, but losses can only go against gains and then an additional 3k.
     
    Last edited: Oct 31, 2024
    BigBird likes this.

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