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unJon
unJon
Joined: Jul 1, 2018
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August 25th, 2021 at 7:40:37 AM permalink
Quote: TumblingBones

Open up a ROTH account (I'm assuming their income is low enough that the qualify) and then put the $5k in an S&P or NASDAQ ETF.



Roth account is a great call. Can back door it also if their income is too high. If someone unfamiliar with how to back door a Roth, Google can explain.

ETA: unless this person thinks they canít do without the $5k until retirement.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
MDawg
MDawg
Joined: Sep 27, 2018
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August 25th, 2021 at 8:36:13 AM permalink
Roth account - yes this is a low level employee low income. However, this employee is the type who breaks the piggy bank often, from what I gather.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
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August 27th, 2021 at 9:11:48 AM permalink
Had a few good days here. Market on the way up, still!
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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September 13th, 2021 at 1:32:49 PM permalink
Quote: DRich

Anyone who thinks buying a stock because the price is going down is an idiot. Anyone that believe buying a stock because the price is going up is an idiot.

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    While buying a stock solely because it is going up or down ("Liked it at 10, love it at 5" is simply boiler room sales pitch) is unwise, statistically speaking, throw a dart at any given stock during a period when it is going up versus a period when it is going down, and you will be much more likely to profit at least in the short term buying on the way up.

    Momentum tends to carry stocks up or down, at least for a while.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
    MDawg
    MDawg
    Joined: Sep 27, 2018
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    September 20th, 2021 at 10:53:34 AM permalink
    Definitely a redrum in play today.

    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
    MDawg
    MDawg
    Joined: Sep 27, 2018
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    September 22nd, 2021 at 9:52:45 AM permalink
    Quote: AxelWolf

    Quote: Wellbush



    i've already stated that i do gamble online with free software🤷‍♀️

    [

    NO YOU DON'T !!!



    Gamble: play games of chance for money or things of value.

    You basically play video games online that may or may not use the same "randomness" they use when actually placing real wagers.

    Congratulations, You have figured out absolutely nothing, nada, zilch.... when it comes to a system that could actually be used to profit from gambling.
  • link to original post


    AWolf actually has a valid point. You may study a stock and study its "habits" for darn near a year, but UNTIL you put real money on the line you can't know how you (or the stock) will behave.

    Simulated accounts are a world apart from the real thing.

    I'll watch a stock until I pull the trigger but until I do pull that trigger, nothing matters. I'm playing with real money, millions of dollars thrown into some of my trades, and that makes all the difference.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
    MDawg
    MDawg
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    September 27th, 2021 at 11:25:51 AM permalink
    TSLA pushing 800 again baby boy.

    That's RIGHT.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
    TDVegas
    TDVegas
    Joined: Oct 30, 2018
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    Thanks for this post from:
    MDawg
    September 27th, 2021 at 12:44:49 PM permalink
    TSLA is the only thing holding my portfolio up today. All other big tech basically down.

    Strong TSLA day. No question.
    MDawg
    MDawg
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    October 5th, 2021 at 8:27:53 PM permalink
    Some tumultuous times lately. Today was good.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
    SOOPOO
    SOOPOO
    Joined: Aug 8, 2010
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    October 7th, 2021 at 12:44:27 PM permalink
    Quote: MDawg

    Some tumultuous times lately. Today was good.

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    I havenít posted stock stuff recently. Iím down 3% or so from the high earlier this year. TSLA is of course helping!

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