Investing Forums: Reliable and Knowledgeable?

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The discussion centers around finding reliable forums for investing and financial matters, emphasizing the need for well-moderated spaces akin to physics forums. Participants share resources, including links to specific forums and articles. A strong focus is placed on the importance of maintaining an emergency fund, with anecdotes highlighting personal financial safety nets. Criticism is directed at Jim Cramer, with claims that his investment strategies, based on chart reading, often underperform compared to passive index funds. The conversation also touches on the effectiveness of financial engineering and the surprising performance of random stock selection methods, suggesting that traditional investment advice may not always yield the best results. Additionally, there are warnings about potential scams, specifically mentioning Colony Invest, which has been linked to fraudulent activities.
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Does anyone here by any chance know of any reliable/knowledgeable forums about investing/financial matters?

I'm looking for something fairly well moderated, kind of like physics forums, where I can learn about investing, and be reasonably confident that I'm not readign garbage. I will be graduating in a few months, and when I have a job, I intend to invest some money (or maybe I'll wait until I pay off my student loans).

Anyone know any good forums?

Thanks
 
Physics news on Phys.org
http://groups.msn.com/CanadianStocksGroup
 
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Always have an emergency fund, for some reason, nearly no one has one. Credit cards aren't considered an emergency fund.
 
JasonRox said:
Always have an emergency fund, for some reason, nearly no one has one. Credit cards aren't considered an emergency fund.

I laughed a bit when I read this. I have an emergency fund, then I got a line of credit with the bank, then I got the biggest credit limit possible on my credit card. The safety net is so big that I could realistically be unemployed for 3 straight years without having to sell anything. :biggrin:

I try to follow stuff posted by Bylo Selhi (that's not his real name). He always has lots of links to other sites, news articles, etc. It gives a nice overall sense of what's going on.

edit: I'll save you a bit and reading and just sum up it all up - don't buy mutual funds.
 
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I don't know about you guys, but if I were investing, I would be look into the mathematics aspect of it and not the whole thing Jim Cramer does. Sure it probably works reasonably well, but I doubt it's better than following real financial models.
 
JasonRox said:
I don't know about you guys, but if I were investing, I would be look into the mathematics aspect of it and not the whole thing Jim Cramer does. Sure it probably works reasonably well, but I doubt it's better than following real financial models.

Cramer is a chart reader. He has no idea what he's doing and he picks things based on when they're going up. He'll have no idea if the company is even making money, but the chart is going up so it's clearly a buy (sarcasm).

http://www.stocktagger.com seems to be following every move Cramer makes.
Henry Blodget wrote a nice little article bashing Cramer (nice because it has links in it).
One of the links in that article shows how a portfolio of passive index funds outperformed Cramer by upwards of 20%
IFA Index Portfolio 100 - 22.51% GREAT YEAR!

Jim Cramer Featured Stocks - -0.2% Lost money!
Beaten by an index, as are a lot of aggressive/speculative portfolios. I'll bet Cramer makes most of his money by selling books.

edit: You can also compare Cramer's returns to the S&P 500 index. wiki lists their anual return from 1994-2006. In 2006 it was 15.8%, which is actually very good, and there have been several years with even higher returns than that.
 
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ShawnD said:
Cramer is a chart reader. He has no idea what he's doing and he picks things based on when they're going up. He'll have no idea if the company is even making money, but the chart is going up so it's clearly a buy (sarcasm).

http://www.stocktagger.com seems to be following every move Cramer makes.
Henry Blodget wrote a nice little article bashing Cramer (nice because it has links in it).
One of the links in that article shows how a portfolio of passive index funds outperformed Cramer by upwards of 20%

Beaten by an index, as are a lot of aggressive/speculative portfolios. I'll bet Cramer makes most of his money by selling books.

Apparently, there is a company (from class) that chooses stocks based on where the darts land when they throw it to wall full of stocks. Apparently, on average, that portfolio makes more than the top paid money managers.

I would read into Financial Engineering because that's where it's at. (Or Mathematics of Finance.)
 
ShawnD said:
Beaten by an index, as are a lot of aggressive/speculative portfolios. I'll bet Cramer makes most of his money by selling books.

He made millions in the 80s, but now because of his show he can't trade for himself. I take his advise with a grain of salt, but hey, his show is entertainment and gets ppl excited about investing.
 
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Greg Bernhardt said:
He made millions in the 80s, but now because of his show he can't trade for himself. I take his advise with a grain of salt, but hey, his show is entertainment and gets ppl excited about investing.

It's a great way to learn about different existing companies out there. It beats sitting in a chair and clicking on different companies and seeing what they do.
 
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JasonRox said:
It's a great way to learn about different existing companies out there. It beats sitting in a chair and clicking on different companies and seeing what they do.

Very true. His show is a good source of news.
 
  • #12
Quittor said:
Investing via website is a way of cheat. I have heard of COLONY INVEST

Spammer spotted.

http://www.viettimes.net/node/326
Colony Invest

http://english.vietnamnet.vn/biz/2007/11/753598/

Lesson not learned from Golden Rock.

http://en.wikipedia.org/wiki/Ponzi_scheme

Imagine minimum investement is US$1,000.
60,000 investors = US$60,000,000

Is there a Commercial Affairs Department in the Police Force?

http://uk.answers.yahoo.com/question/index?qid=20071110191051AAUbhRP
Is Colony Invest a real company?
In Vietnam, many people were cheated and lost money because they believed in this company. Police said they found the website www.colonyinvest.net[/URL] was built by some Vietnamese. If so, why do people from US and England also know about it? Till now, the website hasn't collapse yet. I just don't understand about the real root of it[/quote]


[PLAIN]http://chao-vietnam.blogspot.com/2007/11/vietnamese-soldiers-hunt-for-hundreds.html
How many credulous victims who have fallen prey to the fraud?

The police arrested five more employees of Colony Invest Management (CI) Sunday but continued to remain cagey, not releasing any information about what could be a major scam...
 
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