Stocks and investments

[walrus]

Master u have balls. Penny stocks in the us are very risky and often end up in boiler rooms which run the price up with fake reports then in turn sell while everyone is buying and the only who profit are the boiler rooms. I'm not in the penny stocks I like the s and p and Nasdaq but if u know your way around penny stocks good for you. I recently got a call from a boiler room about a particular stock they were pumping and I found a few months later it took a ride up then busted and no longer exists. You are not a dumb guy master I'm sure you know what u are doing

These are not penny stocks. They were £1.01 in 2011 and now they are £1.43

Oh sorry forgot the pound thing. I was recently talking to someone who trades penny stocks and I was thinking along those lines thanks for clearing that up

[Gandalf]

I think it is an interesting subject too, but don't pay as much attention as I should. I invest in a thing where they take 300 dollars from my bank every month and they invest it for me. I get it all back when I retire. I would like to invest in stocks directly, but I don't know how to do it and ideally I would like there to be another crash first. We are due a big crash and they hint that it is coming but it has been a few years now. I know it's devastating when it happens, but I don't look at it like that. I see it as an opportunity. I was also really high on BitCoin but didn't invest as much as I should have. It's sky high now and being used all over the place.

[walrus]

Hey buddies. There is a house down the street from me for sale for 89,000 dollars. I looked online and it's estimated value is 180,000. It's almost 100 years old and has 1.6 acres which is significant as it has a flat lit which a lot of people desire. It's only 1,000 square feet which is small for this area. My neighbor just built a 4,000 square foot home which is redicoulous but beautiful. Anyway, I know the house needs a new roof, it has a barn on the property which also needs a roof. At least I figure it does. I've seen the interior online and it has nice hardwood floors but may have plaster walls which no one wants these days. Perhaps they can be sealed and sheet rocked but that is a guess. Thing is it's been on the market for a year. Me and a friend were talking about flipping it but I've never done that before and if it's been on the market for a year there must be a reason why none of the professional flippers are touching it. I fear electrical and plumbing aren't up to code. Any whooo I'm not throwing numbers to impress, if anything it scares me but I always have been interested in flipping as I know people who who have done well doing this. Anyway, what u guys think, would this stuff scare you or might you go for it.

[Spicoli]

I know next to nothing and his cousin regarding most real estate and flipping but you're basically at fifty percent to a loss and partner in tow there? Plus guaranteed structural repairs going in and leaky roof mean soggy floors or walls. Huge plus might be the acres if you don't plan on raising barn shit. I see battered barn needing a roof I see potential guest house or such. Maybe some pseudo cabin you can rent out to bearded man-children who cannot change a tire but love cabin life. If you have someone in the construction-contract business get em involved. Or ideally to invest . Flipping seems like the ideal gig but also very hit or miss few guarantees.

[Master]

Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.

[brocktonblockbust]

Walrus may turn it into his own private sexual torture chamber and bring his victims there in shackles, blindfolded, under cover of night.

[walrus]

Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.

Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.

[Master]

Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.

Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.

Surveyors will tell you what needs doing but from what you describe you can not lose. You have to see it as a process of learning and gaining contacts. Do not get emotionally attached to the property and sell it quick on to the next project.

[Primo Carnera]

Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.

Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.

Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
Good luck, you won't regret it!

[brocktonblockbust]

yeah okay well if you want to talk about things Financial? You were lucky today that the FED didn't raise any race but they are chomping at the bit just wait until the next meeting in September or November they're definitely going to raise rates two more times this year. Then you will have no furniture

[walrus]

yeah okay well if you want to talk about things Financial? You were lucky today that the FED didn't raise any race but they are chomping at the bit just wait until the next meeting in September or November they're definitely going to raise rates two more times this year. Then you will have no furniture

.25 won't do very much. Put a squeeze on the market for a few days. We are due for a correction anyway