ok Posted November 19, 2008 Share Posted November 19, 2008 Hi brothers yeah we are all programmers here, I'm just curious if some of you play the stock market and invest with it. Anybody here invest on stock while being a programmer? As a noob on this field what do you suggest for me? Where should i begin studying this matter. It's also great to know if you share your experience and knowledge for this matter. Thank you in advance. Quote Link to comment Share on other sites More sharing options...
.josh Posted November 19, 2008 Share Posted November 19, 2008 What does being a programmer have to do with playing the stock market? Are you asking what kind of technology related stocks do we, as programmers, tend to go for? Anyways, a couple years ago I decided to try my luck at the stock market. I invested $2k into it. Decided that it wasn't really worth it unless I had significantly more money to start with and sold what I had. My programming skills had no influence on what stocks I chose to buy/sell. Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 19, 2008 Share Posted November 19, 2008 My programming skills had no influence on what stocks I chose to buy/sell. Neither do mine. I don't invest on stock market itself, but I do invest in mutual funds and similar schemes. Less risk, but lower income as well Quote Link to comment Share on other sites More sharing options...
ok Posted November 19, 2008 Author Share Posted November 19, 2008 $2 LOL thanks for the reply crayon but uh, actually i'm planning to make it a hobby tho while being a programmer it's also give us money too and that's means profit. I know it's volatile but i'm sure i'm gonna learn from the expert later... Crayon don't you like earning extra money while being a programmer or while you code a web application? Quote Link to comment Share on other sites More sharing options...
Daniel0 Posted November 19, 2008 Share Posted November 19, 2008 [...] but I do invest in mutual funds and similar schemes. Less risk, but lower income as well Oh... you mean like this? Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 19, 2008 Share Posted November 19, 2008 Oh no, not at all... This is what I do as my fulltime job actually. Quote Link to comment Share on other sites More sharing options...
.josh Posted November 19, 2008 Share Posted November 19, 2008 $2 LOL $2k. There's a k at the end of that. As in $2,000. Crayon don't you like earning extra money while being a programmer or while you code a web application? Yes, earning extra money from the stock market sounds like a cool thing. That's why decided to try it. But I said I felt it wasn't worth it because $2k isn't a whole lot of money to start out with. So it stands to reason that if I had more money to play with, I might enjoy it more. Quote Link to comment Share on other sites More sharing options...
waynew Posted November 19, 2008 Share Posted November 19, 2008 I hate gambling. Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 19, 2008 Share Posted November 19, 2008 Gambling is not a way to invest money. Gabling is a way to have fun. Investing in stock market or its derivatives sure is risky, but you can actually manage this risk. In other words, you can apply your skill to increase your chances. In casino: house always wins in the long run. Quote Link to comment Share on other sites More sharing options...
Daniel0 Posted November 19, 2008 Share Posted November 19, 2008 Gambling is not a way to invest money. Gabling is a way to have fun. Investing in stock market or its derivatives sure is risky, but you can actually manage this risk. In other words, you can apply your skill to increase your chances. In casino: house always wins in the long run. Then don't play in a casino but play in e.g. poker tournaments either online or live. Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 19, 2008 Share Posted November 19, 2008 Actually I do sportsbetting. But its more like hobby not a way to gain money (although I actually do get money from that) Quote Link to comment Share on other sites More sharing options...
.josh Posted November 19, 2008 Share Posted November 19, 2008 Putting your money in the stock market is a form of gambling. You just have a million and one ways to do it to minimize the risk. But at the end of the day, you never know what tomorrow will bring. Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 19, 2008 Share Posted November 19, 2008 The difference is: there is no 'house' that has the edge in odds (Unless we believe in some conspiracies) Quote Link to comment Share on other sites More sharing options...
BoltZ Posted November 19, 2008 Share Posted November 19, 2008 I plan on investing in google lol and basically any good technology I like because hey we r in the technology era eh? Quote Link to comment Share on other sites More sharing options...
corbin Posted November 19, 2008 Share Posted November 19, 2008 Actually I do sportsbetting. But its more like hobby not a way to gain money (although I actually do get money from that) A "hobby"? That sounds like something my brother would say lol. I've invested before too, but like CV said, unless you have a significant amount with which to start or you get super lucky, it's not very big gains. Quote Link to comment Share on other sites More sharing options...
BoltZ Posted November 19, 2008 Share Posted November 19, 2008 Some people do it so they DON'T lose alot of money. But I agree with you Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 19, 2008 Share Posted November 19, 2008 I've been investing in mutual funds for 5 or 6 years now. I didn't have much money to invest but well... after all I did manage to buy myself a new PC off it, and still have more money than I started with (inflation accounted). Last year has been hell though. If I reacted properly in summer 2007 I could have some 30% more now... Nevermind... net gain is net gain. If I'm above the line, I'm happy Quote Link to comment Share on other sites More sharing options...
BoltZ Posted November 19, 2008 Share Posted November 19, 2008 Thats the spirit! Quote Link to comment Share on other sites More sharing options...
DarkWater Posted November 19, 2008 Share Posted November 19, 2008 Just going to let you know that it would not be too great of an idea to invest a large amount of money right now, and probably for the next few months. Once the 3 US auto makers implode because they don't get a bail-out (Congress denied them yesterday, I think they are trying again today; I'd have to check), the stock market will plunge even further. =X Hopefully something amazing happens out of that G-20 thing that Bush held that somehow resurrects our stock market. Oh. And this stock market crash has taught me something. Just because you can stand in front of Wall St. does not make you a financial expert. I live in NYC, and I see, on the news every morning, them doing some financial news. They start with "This is ______, and I'm standing outside the NYSE. This stock market has been on a roller coaster this week. Just to put it into perspective, if you had invested this dollar *shows dollar* last week, it would be worth only $0.79 now *shows 79 cents in coins*." I kind of chuckle. Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 20, 2008 Share Posted November 20, 2008 It depends on where would you invest those money There are still assets that are on the rise despite what's going on on stock markets. I like what you've written about those financial reporters Quote Link to comment Share on other sites More sharing options...
DarkWater Posted November 20, 2008 Share Posted November 20, 2008 It depends on where would you invest those money There are still assets that are on the rise despite what's going on on stock markets. I like what you've written about those financial reporters I was talking more about like, Dow Jones and NASDAQ stuff, not low-risk investments. Most stocks on the DJIA have just been falling. And the thing about the financial reporters is so true. It's kind of funny. I mean, the guy is a good reporter (I saw him on the news before he become a self-appointed stock analyst), but they should leave the stock analysis to the business report block. =P Quote Link to comment Share on other sites More sharing options...
CroNiX Posted November 20, 2008 Share Posted November 20, 2008 Just going to let you know that it would not be too great of an idea to invest a large amount of money right now, and probably for the next few months. Once the 3 US auto makers implode because they don't get a bail-out (Congress denied them yesterday, I think they are trying again today; I'd have to check), the stock market will plunge even further. =X Hopefully something amazing happens out of that G-20 thing that Bush held that somehow resurrects our stock market. Oh. And this stock market crash has taught me something. Just because you can stand in front of Wall St. does not make you a financial expert. I live in NYC, and I see, on the news every morning, them doing some financial news. They start with "This is ______, and I'm standing outside the NYSE. This stock market has been on a roller coaster this week. Just to put it into perspective, if you had invested this dollar *shows dollar* last week, it would be worth only $0.79 now *shows 79 cents in coins*." I kind of chuckle. Are you kidding? It is the absolute best time to buy...stocks are way down right now across the board. They will only go up long term. Short term is another deal, but if you're investing short term you gotta really know what your doing. Investing is for long term...by definition. I put 10% of everything I make in stocks/bonds/mutual funds. I will take some out soon to buy my first house...outright! No loan. Will save a lot of money on taxes as well since its my first house. Its a damn good time to buy a house as the housing market is very depressed. The prices are very low and there are tons of houses being foreclosed on. Its a very good time for stock purchasing. It will be even better as the economy keeps sliding, which it will for a time. Quote Link to comment Share on other sites More sharing options...
Mchl Posted November 20, 2008 Share Posted November 20, 2008 I'm not convinced if it is already good time for buying shares... I think I'll observe some more how's the situation developing. And I wish house prices dropped here as well... but somehow they didn't (or not much) Quote Link to comment Share on other sites More sharing options...
BoltZ Posted November 20, 2008 Share Posted November 20, 2008 I would buy stocks now because it seems the economy will go up soon. I am not an economist nor do I want to be. Quote Link to comment Share on other sites More sharing options...
.josh Posted November 20, 2008 Share Posted November 20, 2008 This sure would be a bad time for <insert your favorite terrorist country> to decide to drop nukes on us. Quote Link to comment Share on other sites More sharing options...
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