General

Topic   Anyone ever taken a loan out to purchase stocks?

PROHIBITED

17-Jul-2017(#1)
I'm strongly considering taking out a loan for like 10k and just investing in apple. Every year the new phone launches it spikes up a good bit. Anyone ever taken such a risk before?
lpeters82
GameTZ Gold Subscriber 250 Trade Quintuple Gold Good Trader
17-Jul-2017(#2)
No. Sounds like a bad idea to me.
Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (3 minutes ago)
17-Jul-2017(#3)
If it's gonna spike when the new phone launches, why 10k? Why not 100k?
DefaultGen
GameTZ Gold Subscriber Quadruple Gold Good Trader Gold Global Trader (7) Has Written 5 Reviews
17-Jul-2017(#4)
Are you getting the loan for free? It would have to be one the biggest Apple stock spikes ever to outpace the cost of the loan, interest, and short term capital gains.

sharif
GameTZ Subscriber Double Gold Good Trader Global Trader - willing to trade internationally
17-Jul-2017(#5)
Don't do that. Invest money you have.

DefaultGen
GameTZ Gold Subscriber Quadruple Gold Good Trader Gold Global Trader (7) Has Written 5 Reviews
17-Jul-2017(#6)
sharif wrote:
> Don't do that. Invest money you have.
>

I think we're talking about gambling, not investing.

Bishop
Triple Gold Good Trader
17-Jul-2017(#7)
Not for stocks but for crypto.
Bishop
Triple Gold Good Trader
17-Jul-2017(#8)
...and if you actually have after tax assets, you can margin (would be substantially cheaper than any traditional loan).
sharif
GameTZ Subscriber Double Gold Good Trader Global Trader - willing to trade internationally
17-Jul-2017(#9)
DefaultGen wrote:
> sharif wrote:
>> Don't do that. Invest money you have.
>>
>
> I think we're talking about gambling, not investing.
>
>


Don't do that. Gamble money you have.

Better option: don't gamble.

Noid
Gold Good Trader
17-Jul-2017(#10)
PROHIBITED wrote:
> I'm strongly considering taking out a loan for like 10k and just investing in apple.
> Every year the new phone launches it spikes up a good bit. Anyone ever taken such
> a risk before?

Don't. Do. This.
Felty
Has Written 6 Reviews
17-Jul-2017(#11)
As your financial advisor I wouldn't advise it.
KillerKlown
Double Gold Good Trader
17-Jul-2017(#12)
You do realize how much a share of Apple is right? $149. You could only buy around 60 shares.... You wouldn't make much off 10k...... At least not short term. To make money on 10k you'd have to invest in a much lower priced stock.

DCTH could make you millions with 10k if they don't chose to have an RS in the next week. They will get FDA approval soon, but it might be after an RS. If so you'd want to buy after the RS. This stock will go to $100 at some point.
I gave advice a couple years ago to purchase NTEK at .02. It hasn't panned out so far, but I'm told big things are happening in September/October. I put another 5k into this today.
I've made a ton in Nintendo but I bought at $13. It's at $40 now. I anticipate it going to $100 within 2 years.
The goal is to buy low and sell high. Look for successful companies who are currently in a slump. I wish I had bought NVIDIA. I knew it was going to be big and I didn't buy.
RBK
Quadruple Gold Good Trader
* 17-Jul-2017(#13)
I just use Acorns and Stash. Don't know much about individual stocks.
Bishop
Triple Gold Good Trader
17-Jul-2017(#14)
KillerKlown wrote:
> You do realize how much a share of Apple is right? $149. You could only buy around
> 60 shares.... You wouldn't make much off 10k...... At least not short term. To make
> money on 10k you'd have to invest in a much lower priced stock.
>
> DCTH could make you millions with 10k if they don't chose to have an RS in the next
> week. They will get FDA approval soon, but it might be after an RS. If so you'd want
> to buy after the RS. This stock will go to $100 at some point.
> I gave advice a couple years ago to purchase NTEK at .02. It hasn't panned out so
> far, but I'm told big things are happening in September/October. I put another 5k
> into this today.


More penny stock garbage huh?
John
GameTZ Gold Subscriber GameTZ Full Moderator 400 Trade Quintuple Gold Good Trader Gold Global Trader (13)
17-Jul-2017(#15)
You bought another $5k of NTEK?

And you're "told" that big things are happening later this year? By WHO? Who told you that other than some other penny-stock investor that is just crossing his fingers hoping someone else will dump another $5k in so that he can get his out? smile
SirConnery
GameTZ Subscriber 1000 Trade Quintuple Gold Good Trader This user is on the site NOW (6 minutes ago)
18-Jul-2017(#16)
Apple stock will spike on launch day, but lose those gains by the start of after hours trading. The real gains won't come until weeks later.
SirConnery
GameTZ Subscriber 1000 Trade Quintuple Gold Good Trader This user is on the site NOW (6 minutes ago)
18-Jul-2017(#17)
FYI, Touch ID is a big enough issue on these edge to edge screens that launch may even get pushed back a little bit. They're in crisis mode right now trying to fix the last few bugs before they get production involved.
SirConnery
GameTZ Subscriber 1000 Trade Quintuple Gold Good Trader This user is on the site NOW (6 minutes ago)
18-Jul-2017(#18)
Plus you're going in way too late. I bought my shares at $60 a pop.

The big money is going to be in:

-- whichever company Apple buys to move chip production back to the United States.
-- Future un-named glass company that Apple spins off to produce specialized glass panes. Hint: There's talk of making a transparent pane that has a integrated solar panel. The concept isn't new, but that's what Apple does, they buy other companies and improve their design process into a new product offering. They currently produce their own glass for their company headquarters and retail stores. Eventually they will market it to everyone.
-- Future un-named car company integrating Apple tech to produce a "Apple Car".
Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (3 minutes ago)
18-Jul-2017(#19)
John wrote:

> By WHO?

By *WHOM
Archer
GameTZ Subscriber 500 Trade Quintuple Gold Good Trader Has Written 1 Review
18-Jul-2017(#20)
KillerKlown wrote:
> The goal is to buy low and sell high.

OH, is that how it works? Fudge, I've been doing it wrong.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 18-Jul-2017(#21)
Bishop wrote:
> Not for stocks but for crypto.

Yep, as I watch all the Etherium, Bitcoin and other cryptocurrencies falling and eBay suddenly has.. LOTS of the videocards they've been starving us out of for over a year now, I'm sure the time is now to invest in crypto. raspberry

Used to be able to get $6/day with those RX580s on Etherium, not even a month ago, now you're down to $1.80/day. Used to be able to get your money back in a month or two, now it takes half a year and that's only going up. Woo, cryptoooo

(By the time you ever hear about any of this stuff it's far too late to benefit from it; they spread the word so they can sell high and get out)

Archer wrote:
> KillerKlown wrote:
>> The goal is to buy low and sell high.
>
> OH, is that how it works? Fudge, I've been doing it wrong.

I think the insinuation is "You don't buy high and hope they go higher".
Bishop
Triple Gold Good Trader
* 18-Jul-2017(#22)
DiamondDave wrote:
> Bishop wrote:
>> Not for stocks but for crypto.
>
> Yep, as I watch all the Etherium, Bitcoin and other cryptocurrencies falling and
> eBay suddenly has.. LOTS of the videocards they've been starving us out of for over
> a year now, I'm sure the time is now to invest in crypto. raspberry
>
> Used to be able to get $6/day with those RX580s on Etherium, not even a month ago,
> now you're down to $1.80/day. Used to be able to get your money back in a month
> or two, now it takes half a year and that's only going up. Woo, cryptoooo
>
> (By the time you ever hear about any of this stuff it's far too late to benefit from
> it; they spread the word so they can sell high and get out)


I wasn't saying to do it, just that I did it. For instance, when I took the loan out, I purchased DASH at $2.00-$2.5/coin.

Also, last I checked, to double your money in 6 months, 9 months, hell longer than a year assuming you're a miner, is still better than any sort of return you're going to get on an annualized basis in the stock market... and that is assuming your gpu has no value when it is all said and done (which if you knew anything about most miners, they are undervolting their cards to keep temps down and power usage curbed and they will most certainly have residual value in the end). Now anyone paying inflated gpus is adding an additional burden...

...but please, chime in whenever you think you know something.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 18-Jul-2017(#23)
I didn't say you doubled your money in 9 months, that's you paying for the videocard, not including power costs or the rest of the rig. But I'm sure the price of Etherium going down almost 60% over the span of a month is fine. raspberry
lpeters82
GameTZ Gold Subscriber 250 Trade Quintuple Gold Good Trader
* 18-Jul-2017(#24)
KillerKlown wrote:
> You do realize how much a share of Apple is right? $149. You could only buy around
> 60 shares.... You wouldn't make much off 10k...... At least not short term. To make
> money on 10k you'd have to invest in a much lower priced stock.
>
> DCTH could make you millions with 10k if they don't chose to have an RS in the next
> week. They will get FDA approval soon, but it might be after an RS. If so you'd want
> to buy after the RS. This stock will go to $100 at some point.
> I gave advice a couple years ago to purchase NTEK at .02. It hasn't panned out so
> far, but I'm told big things are happening in September/October. I put another 5k
> into this today.
> I've made a ton in Nintendo but I bought at $13. It's at $40 now. I anticipate it
> going to $100 within 2 years.
> The goal is to buy low and sell high. Look for successful companies who are currently
> in a slump. I wish I had bought NVIDIA. I knew it was going to be big and I didn't
> buy.

How much are you down on NTEK. With the reverse split taken into account it's down ~96% since you bought it, correct? For every $1,000 invested you'd have $40. I think I've learned my lesson with penny stocks. Being such small value stocks it's driven by manipulation. Also what makes you think NTDOY will reach $100? For almost their entire history they have hovered between $10-$30, the exception being the period of the Wii / DS, by far their two best selling systems of all time. I bought for $12.5 and sold at $35 and $36. I left a little bit on the table with the SNESmini announcement; but I try not to have regrets about locking in profit. Better to be a sore winner then a sore loser.
KillerKlown
Double Gold Good Trader
* 18-Jul-2017(#25)
lpeters82 wrote:
> KillerKlown wrote:
>> You do realize how much a share of Apple is right? $149. You could only buy around
>> 60 shares.... You wouldn't make much off 10k...... At least not short term. To
> make
>> money on 10k you'd have to invest in a much lower priced stock.
>>
>> DCTH could make you millions with 10k if they don't chose to have an RS in the
> next
>> week. They will get FDA approval soon, but it might be after an RS. If so you'd
> want
>> to buy after the RS. This stock will go to $100 at some point.
>> I gave advice a couple years ago to purchase NTEK at .02. It hasn't panned out
> so
>> far, but I'm told big things are happening in September/October. I put another
> 5k
>> into this today.
>> I've made a ton in Nintendo but I bought at $13. It's at $40 now. I anticipate
> it
>> going to $100 within 2 years.
>> The goal is to buy low and sell high. Look for successful companies who are currently
>> in a slump. I wish I had bought NVIDIA. I knew it was going to be big and I didn't
>> buy.
>
> How much are you down on NTEK. With the reverse split taken into account it's down
> ~96% since you bought it, correct? For every $1,000 invested you'd have $40. I
> think I've learned my lesson with penny stocks. Being such small value stocks it's
> driven by manipulation. Also what makes you think NTDOY will reach $100? For almost
> their entire history they have hovered between $10-$30, the exception being the period
> of the Wii / DS, by far their two best selling systems of all time. I bought for
> $12.5 and sold at $35 and $36. I left a little bit on the table with the SNESmini
> announcement; but I try not to have regrets about locking in profit. Better to be
> a sore winner then a sore loser.


I'm down a ton in Ntek. I've bought around 15k since the RS. I've talked with several people within the company. They claim a large roll out with a ton of 4K HDR films is happening this fall. They claim someone invested 21 million. That is enough money for a ton of content/upgrades. We shall see what happens. Ntek could make up it's losses within a day with the right news. I'm optimistic.

I see Nintendo over $100 for a couple reasons. These are in no order of importance.
1. They are experimenting with VR. Mario Kart looks great. I believe they've been doing this for a very long time and believe the Switch will somehow be compatible with the technology. Luigi's Mansion arcade looked VR too.
2. Online services. If this is done right it will be a big earner.
3. Switch is still selling out everywhere. Did you see the lines in Japan? I'm sure the Switch and the SNES classic will be this holidays most wanted items.
4. Good release schedule of games. I can't wait to see what the lineup is for next year. It's already been rumored Animal Crossing, Luigi's Mansion 3, Pikmin 4, Smash Bros Deluxe. Put that with whatever Retro's been making and it's better than this years. I think we might even see a new Mario Kart sooner than later.
5. Mobile. While they haven't had a big hit yet I believe it will happen sooner or later. I believe what we've seen so far have just been tests. Supposedly Zelda and Animal Crossing is next. Something the magnitude of Pokemon Go could double the stock.
6. I see several films being announced soon. If they get into movies this could be big. I believe this is why they sold the Mariners.
7. Universal Studios
8. Upgrades in systems might be easier and cheaper with Switch. If they offer them minus the controllers/dock users might find it OK to spend $199 every couple of years.
9. I believe users 25+ are bored with Microsoft/Sony.
10. I believe we will see a bunch of Gamecube/Wii HD remakes soon. It was mentioned around 4 years ago that Nintendo was going to release titles like the Windwaker HD remake every quarter to fill in the release gaps. That didn't happen, so it's my belief they have been moved to the Switch.











lpeters82
GameTZ Gold Subscriber 250 Trade Quintuple Gold Good Trader
18-Jul-2017(#26)
Maybe, I took my near 300% returns to the bank. Right now I'm holding cash expecting an overall market correction. I want to be able to buy if/when that happens.
SirConnery
GameTZ Subscriber 1000 Trade Quintuple Gold Good Trader This user is on the site NOW (6 minutes ago)
18-Jul-2017(#27)
The only way Nintendo does significantly better is if one of those sales gurus leaves Apple and gets poached by Nintendo.
KillerKlown
Double Gold Good Trader
18-Jul-2017(#28)
SirConnery wrote:
> The only way Nintendo does significantly better is if one of those sales gurus leaves
> Apple and gets poached by Nintendo.

I could be wrong, but weren't you one of the guys who told me not to buy at $13?
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
18-Jul-2017(#29)
Nobody saw Pokemon Go coming, man
Finn
GameTZ Gold Subscriber Quadruple Gold Good Trader Global Trader - willing to trade internationally Canada
18-Jul-2017(#30)
I would say no... don't do it.

personal bias and what have you aside I have been thinking about buying Blackberry stock when it hit's around $7 and selling when it hits $13-14.... I have been watching it for a number of years and it yo yo's like that pretty commonly.

But I would never take out a loan to by stock, please don't.

Bishop
Triple Gold Good Trader
18-Jul-2017(#31)
DiamondDave wrote:
> I didn't say you doubled your money in 9 months, that's you paying for the videocard,
> not including power costs or the rest of the rig. But I'm sure the price of Etherium
> going down almost 60% over the span of a month is fine. raspberry

Wait... so a correction with its lowest point still 1500% higher than the start of the year after being up close to 4000% YTD is a bad thing? Cool story bro.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
18-Jul-2017(#32)
Oh well fudge, when you put it that way, let me drop $2500 on a mining rig right now, I'm sure it won't "correct" itself any further. rolls eyes
Bishop
Triple Gold Good Trader
18-Jul-2017(#33)
DiamondDave wrote:
> Oh well fudge, when you put it that way, let me drop $2500 on a mining rig right now,
> I'm sure it won't "correct" itself any further. rolls eyes

I forgot that ETH is the only coin you can mine. GTFO of here with your ignorant crap.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
18-Jul-2017(#34)
Bishop
Triple Gold Good Trader
18-Jul-2017(#35)
SirConnery
GameTZ Subscriber 1000 Trade Quintuple Gold Good Trader This user is on the site NOW (6 minutes ago)
18-Jul-2017(#36)
KillerKlown wrote:
> SirConnery wrote:
>> The only way Nintendo does significantly better is if one of those sales gurus
> leaves
>> Apple and gets poached by Nintendo.
>
> I could be wrong, but weren't you one of the guys who told me not to buy at $13?

I don't remember this. I wish I could have bought at$13/share.
PROHIBITED

* 19-Jul-2017(#37)
So ultimately the answer is no.. lol thanks guys. I'm a completely noob when it comes to stocks. Honestly appreciate all the insight
John
GameTZ Gold Subscriber GameTZ Full Moderator 400 Trade Quintuple Gold Good Trader Gold Global Trader (13)
* 9-Aug-2017(#38)
DiamondDave wrote:
> Yep, as I watch all the Etherium, Bitcoin and other cryptocurrencies falling and
> eBay suddenly has.. LOTS of the videocards they've been starving us out of for over
> a year now, I'm sure the time is now to invest in crypto. raspberry

I just wanted to follow up on this. I know that you guys were primarily talking about mining, but this statement about a sarcastic "I'm sure the time is now to invest in crypto" was interesting to me, so I made a mental note to follow up...

DiamondDave said that on July 18th. On that day, Bitcoin was around $2300/coin. So, let's say you bought ONE coin at $2300 that day.

Today, right now, it is at $3300/coin. So, you would have made $1000 if you invested in one on July 18th.

But, not only that, but the Bitcoin Cash fork happened on August 1st. So, you'd actually own one Bitcoin Cash coin too (for free)! BCH is currently at $325/coin.

So, if you bought a single $2300 Bitcoin when DiamondDave implied that it was a bad time to invest in crypto, then you'd have $3625 worth of crypto today (only 3 weeks later).

I agree that mining Bitcoin likely isn't a great idea at this point. But "investing in crypto" certainly was over the past 3 weeks, at least. smile
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
9-Aug-2017(#39)
Taking out a loan to invest in a highly volatile crypto currency is incredibly ill-advised.
John
GameTZ Gold Subscriber GameTZ Full Moderator 400 Trade Quintuple Gold Good Trader Gold Global Trader (13)
9-Aug-2017(#40)
DiamondDave wrote:
> Taking out a loan to invest in a highly volatile crypto currency is incredibly ill-advised.

Yes, of course is it. Is that all you were saying back in July? Because you seemed to be saying that investing in crypto at all at that time was a bad idea. I was simply disputing that.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
9-Aug-2017(#41)
Your dispute is noted and has been logged.
John
GameTZ Gold Subscriber GameTZ Full Moderator 400 Trade Quintuple Gold Good Trader Gold Global Trader (13)
9-Aug-2017(#42)
Ok, that was the best response that I've seen in a while. smile Take my upvote. yes
andrewp
Double Gold Good Trader
10-Aug-2017(#43)
I clicked because I thought it was someone asking about taking out a loan for socks. How i feel silly.

Finn
GameTZ Gold Subscriber Quadruple Gold Good Trader Global Trader - willing to trade internationally Canada
10-Aug-2017(#44)
It's HIGHLY advised to take at a loan for socks! Socks are at a all time high and with fall/winter around the corner it's going to be money!!!





andrewp
Double Gold Good Trader
10-Aug-2017(#45)
With socks you always get a return on your investment, especially during winter. Warm feet.

Topic   Anyone ever taken a loan out to purchase stocks?