My Deli is worthy $113 million

[KenyanPlato]

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Ngai mwathani njiisu. We are doomed, the mafia are running a racket in the nyse

[RV Pundit]

I find stocko market not any different from a casino.You cannot predict the future.

[RV Kirgit]

I have seen this on small cap sub 0.00001 OTC stock. They make a fancy business plan for a "dead company" with catch phrases like CBD, hemp, crypto, EV, biotech or potential merger. Pay some thirsty business journalist to shill and then pump. The business cash out and fomoers become bag holders

They probably big time laundromats

[Arcadian_Dreamer]

I find stocko market not any different from a casino. You cannot predict the future.

Stock markets once reflected the real economy, now they don't. No one understands how they work, there layers of intermediation which makes it  easy to be ripped off. I would rather invest in tangible stuff like real estate, farming, brick and mortar businesses.

[Fairandbalanced]

stop your belly aching, educate yourself and learn the market. If you are an emotional investor do not get in the market, you will give yourself a coronary. Start small, play around with Penny stocks until you are comfortable with your formula. There is not a single formula that works for everyone. My wife and I both play the market with completely different approaches. When I started like in 2018, my goal was to make like $100 everyday then the crypto currency craze hit, right now I have 100K to play with cryptos, Bitcoin, ether and sometimes Doge. The least I have made is $600 in a day for a long time. Crypto is so volatile that I can invite you for lunch and pay with the money I make when you are on the way. In short, if you are not making money here in the USA right now, something is wrong. This boom  is not going to last forever, it feels like 2008, too much money with impending crash.

[Arcadian_Dreamer]

stop your belly aching, educate yourself and learn the market. If you are an emotional investor do not get in the market, you will give yourself a coronary. Start small, play around with Penny stocks until you are comfortable with your formula. There is not a single formula that works for everyone. My wife and I both play the market with completely different approaches. When I started like in 2018, my goal was to make like $100 everyday then the crypto currency craze hit, right now I have 100K to play with cryptos, Bitcoin, ether and sometimes Doge. The least I have made is $600 in a day for a long time. Crypto is so volatile that I can invite you for lunch and pay with the money I make when you are on the way. In short, if you are not making money here in the USA right now, something is wrong. This boom  is not going to last forever, it feels like 2008, too much money with impending crash.

Serious question, has anyone ever made any real money off the stock market? What happens if you want to cash out?...I bet you get hit with taxes, penalties, and sundry fees. It is all illusion, smoke and mirrors like cryptos. I'm skeptical.

[RV Pundit]

Boom-burst cycle make sure you never get out; just like betting or casino; when you're about to quit; you win; then you lose; then you win; then you lose; after 20yrs you realize you've been playing casino with your money - instead of doing real investment.

If you must invest  - invest in your self, your own startup company where you're a director or with controlling stake however small, and then of course real assets - like a house or land or condo or rental apartment!

If you must save - save in bank or in gov treasury bills/bonds.

Hii casino ya stocko exchange will turn you bitter critic of gov  - because you'll think gov is to blame for the burst cycles...everytime the stock market reset itself back to zero...and you have to wait another 5yrs for it to boom again.

Serious question, has anyone ever made any real money off the stock market? What happens if you want to cash out?...I bet you get hit with taxes, penalties, and sundry fees. It is all illusion, smoke and mirrors like cryptos. I'm skeptical.

[KenyanPlato]

Arcadian
Yes, Ive made money cashed out. You pay taxes on capital gwins. If you are not in the market you are missing on the greatest mathematical magic that compounding interest. The magic of expotential growth. If you had invested 10k in the market in 2000 it would be worthy at
 Lot of money. Buy yourself an index fund and keep it going for a lifetime.

If american stock market crashes, the world ecpnomies will collapse. The market is efficient. Read up on market efficienvy theory. I would suggest you enroll in finance courses.

[Arcadian_Dreamer]

Arcadian
Yes, Ive made money cashed out. You pay taxes on capital gwins. If you are not in the market you are missing on the greatest mathematical magic that compounding interest. The magic of expotential growth. If you had invested 10k in the market in 2000 it would be worthy at
 Lot of money. Buy yourself an index fund and keep it going for a lifetime.

If american stock market crashes, the world ecpnomies will collapse. The market is efficient. Read up on market efficienvy theory. I would suggest you enroll in finance courses.

Do you buy yourself or through a broker?

[KenyanPlato]

Arcadian
Yes, Ive made money cashed out. You pay taxes on capital gwins. If you are not in the market you are missing on the greatest mathematical magic that compounding interest. The magic of expotential growth. If you had invested 10k in the market in 2000 it would be worthy at
 Lot of money. Buy yourself an index fund and keep it going for a lifetime.

If american stock market crashes, the world ecpnomies will collapse. The market is efficient. Read up on market efficienvy theory. I would suggest you enroll in finance courses.

Do you buy yourself or through a broker?

Yes I have 3 funds. Two from 401K that i never rolled over and 1 I bought from vanguard. Do not miss on this opportunity to get a piece of the American pie. I do not do individual stocks unless I am doing it as a hobby and for speculation. My game is to be in it for the long haul as retirement vehicle. my goal is to get an average return of 5% for the lifetime of the fund. I never sell during downturn, I take it as opportunity to buy more. In time like this I use my cash to pay off mortgage or to build cash reserves. The market right now is expensive so I try not buy in market like but wait for a 10% correction to jump in. 

I discourage day trading and all sorts of trading that involves constantly buying and selling. You can do this if you the time and knowledge to pick stocks and leverage so that you do not lose everything.

https://www.dummies.com/personal-finance/investing/index-investing-for-dummies-cheat-sheet/

https://www.investopedia.com/articles/financial-advisors/082515/index-or-target-date-funds-401ks-which-better-vfinx-fusex.asp

if you are an employee just start participating in your 401K. That is the best way to learn plus the employer matches your contributions some up to 6% of your salary.. So if you are not contributing to your 401K you are leaving a lot of money on the table for no good reason.

[Fairandbalanced]

I missed the first GME wave, still cursing myself for rhat. The second wave, I made 80K, 25% of that goes to the government in taxes but you still make money.

[Arcadian_Dreamer]

Arcadian
Yes, Ive made money cashed out. You pay taxes on capital gwins. If you are not in the market you are missing on the greatest mathematical magic that compounding interest. The magic of expotential growth. If you had invested 10k in the market in 2000 it would be worthy at
 Lot of money. Buy yourself an index fund and keep it going for a lifetime.

If american stock market crashes, the world ecpnomies will collapse. The market is efficient. Read up on market efficienvy theory. I would suggest you enroll in finance courses.

Do you buy yourself or through a broker?

Yes I have 3 funds. Two from 401K that i never rolled over and 1 I bought from vanguard. Do not miss on this opportunity to get a piece of the American pie. I do not do individual stocks unless I am doing it as a hobby and for speculation. My game is to be in it for the long haul as retirement vehicle. my goal is to get an average return of 5% for the lifetime of the fund. I never sell during downturn, I take it as opportunity to buy more. In time like this I use my cash to pay off mortgage or to build cash reserves. The market right now is expensive so I try not buy in market like but wait for a 10% correction to jump in. 

I discourage day trading and all sorts of trading that involves constantly buying and selling. You can do this if you the time and knowledge to pick stocks and leverage so that you do not lose everything.

https://www.dummies.com/personal-finance/investing/index-investing-for-dummies-cheat-sheet/

https://www.investopedia.com/articles/financial-advisors/082515/index-or-target-date-funds-401ks-which-better-vfinx-fusex.asp

if you are an employee just start participating in your 401K. That is the best way to learn plus the employer matches your contributions some up to 6% of your salary.. So if you are not contributing to your 401K you are leaving a lot of money on the table for no good reason.

Couple questions?

1. What if I move back home, how would I be able to withdraw my funds?

2. Do you have to be a US citizen to have a Vanguard account?

3. What is the minimum to invest in those index funds?

4. What are taxes and fees like?

[KenyanPlato]

You can operate the account from kenya. You do not have to but you may need to be a resident to enjoy some of the tax benefits.

[KenyanPlato]

Index fund fees are minimal. Taxes you pay on wirhdrawal at 58..read up on this...inbox me your questions i do tax planning on the side