Anyone wish to share their play money investments?

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am
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Anyone wish to share their play money investments?

Post by am » Sun May 05, 2013 12:49 pm

As above. Want to swing for the fences with a tiny percentage of my portfolio.

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Tycoon
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Re: Anyone wish to share their play money investments?

Post by Tycoon » Sun May 05, 2013 1:01 pm

Started a pretend portfolio in early 2010. I "bought" XOM, JNJ, MMM, ABT, KO, CVX, WMT, & LOW. Annual return 27.02%.
Started with $100,000 pretend dollars. According to Investopedia my portfolio is now worth $202,951.78.
Appeal to Pity:When pity is envoked to support a statement | Appeal to Popular Sentiment:Appealing to unrelated prejudices and attitudes | Hasty Generalization:Too little evidence to support the conclusion

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LAlearning
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Re: Anyone wish to share their play money investments?

Post by LAlearning » Sun May 05, 2013 1:20 pm

5% VGSIX. Still not sold on separate asset class idea, hence play for now...
I know nothing!

John3754
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Re: Anyone wish to share their play money investments?

Post by John3754 » Sun May 05, 2013 1:35 pm

I own a few shares of MTGE. That's it for me.

Calm Man
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Re: Anyone wish to share their play money investments?

Post by Calm Man » Sun May 05, 2013 1:39 pm

I always have the same thought when people talk about play money. It's not play money, but real money. So those who do this either do so for enjoyment, aiming for a home run, etc. It seems to me that for a boglehead, this is simply gambling. I have nothing against gambling and have done so and will in the future when I want to. But why do people use investments for their gambling instincts as opposed to playing poker or going to a casino? Probably there is a better chance there as individual investors are the "fish" in the investment game.

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bottomfisher
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Re: Anyone wish to share their play money investments?

Post by bottomfisher » Sun May 05, 2013 1:46 pm

As above. Want to swing for the fences with a tiny percentage of my portfolio.
Vanguard Energy. It actually encompasses a bit more than "play money" in my portfolio currently. But I've drifted a bit too far from fundamentals. I'm waiting for a burst of outperformance sooner or later. Then I'll sell and stick mostly with my core funds.

YttriumNitrate
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Re: Anyone wish to share their play money investments?

Post by YttriumNitrate » Sun May 05, 2013 1:54 pm

deleted.
Last edited by YttriumNitrate on Sat Mar 12, 2016 12:20 pm, edited 2 times in total.

letsgobobby
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Re: Anyone wish to share their play money investments?

Post by letsgobobby » Sun May 05, 2013 1:58 pm

Calm Man wrote:I always have the same thought when people talk about play money. It's not play money, but real money. So those who do this either do so for enjoyment, aiming for a home run, etc. It seems to me that for a boglehead, this is simply gambling. I have nothing against gambling and have done so and will in the future when I want to. But why do people use investments for their gambling instincts as opposed to playing poker or going to a casino? Probably there is a better chance there as individual investors are the "fish" in the investment game.
Ditto, I play craps at a 0.5% house edge or so, and perfect basic strategy blackjack with a bet-adjustment only counting system with a house edge of probably about 0.25%, which is far less than the bid-ask spread alone on many individual 'play' investments. I'll take my chances in Vegas. And free drinks to boot. Being a Boglehead means I don't have to swing for the fences with any of my investments!

John3754
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Re: Anyone wish to share their play money investments?

Post by John3754 » Sun May 05, 2013 1:58 pm

Calm Man wrote:I always have the same thought when people talk about play money. It's not play money, but real money. So those who do this either do so for enjoyment, aiming for a home run, etc. It seems to me that for a boglehead, this is simply gambling. I have nothing against gambling and have done so and will in the future when I want to. But why do people use investments for their gambling instincts as opposed to playing poker or going to a casino? Probably there is a better chance there as individual investors are the "fish" in the investment game.
You're not wrong, for me owning those few shares of MTGE is the equivalent of going to the casino and putting the money on red, it just saves me the trip to the casino. I play poker occasionally too, but I don't view either MTGE or playing poker as part of my retirement portfolio. If I make a few extra bucks that's great, and if I lose it all I'm not going to cry about it.

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VictoriaF
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Re: Anyone wish to share their play money investments?

Post by VictoriaF » Sun May 05, 2013 1:59 pm

[Deleted in response to criticism.]

Victoria
Last edited by VictoriaF on Sun May 05, 2013 5:05 pm, edited 1 time in total.

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nedsaid
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Re: Anyone wish to share their play money investments?

Post by nedsaid » Sun May 05, 2013 2:36 pm

I took a flyer on Ethanol stocks a few years ago. A minor disaster. Won't do that again.
A fool and his money are good for business.

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LH
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Re: Anyone wish to share their play money investments?

Post by LH » Sun May 05, 2013 3:50 pm

PEIX
Feb-16-06 $17.53 500 $8,765 $8,840.00
Feb-1-06 $17.06 200 $3,412 $3,424.99
05/08/06 35.8 200 -$7,160 -$7,147.01
02/04/08 6.31 500 -$3,155 -$3,080.00
xirr -18.04% -19.62% w/ commissions

nvidia
Aug-6-02 NVDA $4.52 200 $20 923.99
Jul-26-02 NVDA $7.63 100 $20 782.99
Jun-28-02 NVDA $8.93 100 $20 912.95
07/13/07 NVDA 45.93 -400 9.99 -18362.01
xirr nvidia 0.48

there are two of mine when I used to buy individual stocks. the first is pacific ethanol, the second nvidia.

I have nothing currently, cept some PG and XOM that I bought in 1984.

Rosco
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Re: Anyone wish to share their play money investments?

Post by Rosco » Sun May 05, 2013 4:29 pm

YttriumNitrate wrote:My play money is invested in a couple of the publicly traded companies located in the town I live in because I figure I have a some advantages over the institutional investors in their New York skyscrapers. For example, when I see the CFO of a company driving around town in a new Corvette, that's often a sign it's time to buy.
How do you know it's not a sign he's embezzling and you're about to lose your investment? S

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wilpat
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Re: Anyone wish to share their play money investments?

Post by wilpat » Sun May 05, 2013 4:42 pm

I bought YGE (Chinese Solar Stock recommended by Jim Jubak) about 2 1/2 years ago. Invested $40,700 current value $12,500. I don't now and never will need the money, so I just let it sit there.
Contrary to the belief of many, profit is not a four letter word!

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Re: Anyone wish to share their play money investments?

Post by Ed 2 » Sun May 05, 2013 4:53 pm

deleted in response of criticism as well,sorry Victoria!!!!, ...
Last edited by Ed 2 on Tue May 07, 2013 12:42 am, edited 2 times in total.
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Re: Anyone wish to share their play money investments?

Post by jlawrence01 » Sun May 05, 2013 5:08 pm

100 shares of BRK.B at $98 a few months back.

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cinghiale
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Re: Anyone wish to share their play money investments?

Post by cinghiale » Sun May 05, 2013 5:20 pm

Ed 2wrote:
deleted in response of criticism as well,sorry Victoria!!!!, ... [updated with Ed 2's apology -- admin LadyGeek]
[Response to prior comment removed by admin LadyGeek]
"We don't see things as they are; we see them as we are." Anais Nin | | "Sometimes the first duty of intelligent men is the restatement of the obvious." George Orwell

Fisherman
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Re: Anyone wish to share their play money investments?

Post by Fisherman » Sun May 05, 2013 5:48 pm

According to a recent comments by professor Schiller of Yale, a diversified portfolio of stocks and bonds gives a better investment return than owning a house.

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White Coat Investor
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Re: Anyone wish to share their play money investments?

Post by White Coat Investor » Sun May 05, 2013 5:56 pm

Ed 2 wrote:
VictoriaF wrote:[Deleted in response to criticism.] [updated with VictoriaF's deletion --admin LadyGeek]
deleted in response of criticism as well,sorry Victoria!!!!, ... [updated with Ed 2's apology -- admin LadyGeek]
Interesting look at play money. I like to think of my play money as the money I DON'T invest! If you are planning to lose it anyway, why not find a way you enjoy spending money more than gambling in the market? If the investment idea is sound, why not put your serious money there?

I have a hard time getting excited about picking individual stocks (since I already own them all), but some might consider my 5% Peer to Peer Lending slice as play money.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

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Re: Anyone wish to share their play money investments?

Post by Ed 2 » Sun May 05, 2013 6:17 pm

Fisherman wrote:According to a recent comments by professor Schiller of Yale, a diversified portfolio of stocks and bonds gives a better investment return than owning a house.
Schiller been wrong in 2011 as Mohamed El Erian from PIMCO .His opinion regarding stocks 360 different he told 2 years ago. Looks like guy trying to play catch after stocks outperformed.
http://blogs.wsj.com/marketbeat/2011/04 ... p-or-dear/

owning a house always a good investment as many other assets
"The fund industry doesn't have a lot of heroes, but he (Bogle) is one of them," Russ Kinnel

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Re: Anyone wish to share their play money investments?

Post by Bracket » Sun May 05, 2013 6:26 pm

+1 for Peer to Peer lending. About 1% of my assets. Seemed great for awhile until I realized I'm essentially trying to run my own high yield bond fund. In a taxable account. Returns falling lately as well. Kind of wish I had used the money for some more Small Cap Value instead. Probably keep it anyway though.

Calm Man
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Re: Anyone wish to share their play money investments?

Post by Calm Man » Sun May 05, 2013 6:30 pm

letsgobobby wrote:
Calm Man wrote:I always have the same thought when people talk about play money. It's not play money, but real money. So those who do this either do so for enjoyment, aiming for a home run, etc. It seems to me that for a boglehead, this is simply gambling. I have nothing against gambling and have done so and will in the future when I want to. But why do people use investments for their gambling instincts as opposed to playing poker or going to a casino? Probably there is a better chance there as individual investors are the "fish" in the investment game.
Ditto, I play craps at a 0.5% house edge or so, and perfect basic strategy blackjack with a bet-adjustment only counting system with a house edge of probably about 0.25%, which is far less than the bid-ask spread alone on many individual 'play' investments. I'll take my chances in Vegas. And free drinks to boot. Being a Boglehead means I don't have to swing for the fences with any of my investments!
Bobby, I haven't been to the casino in awhile. However with 3 or even 5x odds in craps I think one can lower it to about 0.2% or so. But I realized awhile ago that each bet was negative EV at any casino game (except poker). And although I became very good at poker, I soon realized that the 10% rake plus tip when you won a hand made this sort of negative EV in a way. Them after some "good" thinking I realized that the amount I won or lost didn't matter as I obviously limited what I would be willing to lose. And then I just stopped. That happens to a lot of people I know as they pass through the 40s and at about 50 or so they give it up. But some don't and really get a thrill. One thing I couldn't handle at craps was the hatred of #7 coming up and literally anxiety about it especially on a big roll.

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Re: Anyone wish to share their play money investments?

Post by Calm Man » Sun May 05, 2013 6:33 pm

Ed 2 wrote:
VictoriaF wrote:[Deleted in response to criticism.] [updated with VictoriaF's deletion --admin LadyGeek]
deleted in response of criticism as well,sorry Victoria!!!!, ... [updated with Ed 2's apology -- admin LadyGeek]
[Reply to prior comment removed by admin LadyGeek] For what it's worth, after years of home ownership I am quite happy not having to do anything when renting, although I guess I don't put it in the play money category. I do remember a few years ago seeing all the long faces on people who obsessed about their home's losing value and in NJ, I often have to listen to complaints about property taxes, teacher's salaries, public unions and their pensions, etc from homeowners.

Calm Man
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Re: Anyone wish to share their play money investments?

Post by Calm Man » Sun May 05, 2013 6:34 pm

cinghiale wrote:Ed 2wrote:
deleted in response of criticism as well,sorry Victoria!!!!, ... [updated with Ed 2's apology -- admin LadyGeek]
[Response to prior comment removed by admin LadyGeek]
+1. Victoria is one of the most respected members of this site;.

am
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Re: Anyone wish to share their play money investments?

Post by am » Sun May 05, 2013 7:16 pm

Would be nice to have 1-2% of portfolio in lottery tickets that let me play every day until investment either went to 0 or by some luck grew 10000% and made a big difference.

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Re: Anyone wish to share their play money investments?

Post by Scooter57 » Sun May 05, 2013 9:00 pm

I invested a modest amount in four carefully researched value stocks back at the end of January, as part of my self-education about the markets.

I bought Chevron CVX, Dollar General DG, Intel INTC, and Dover DOV. Vanguard gives me free trades so there was no trading cost. It has been very educational to see how the individual stocks behave in response to business issues, sector issues, and the market as a whole.

My 4 stocks have overall performed about as well as my VTSAX total market. I wasn't trying to get rich with any of them, only to get a feel for how stocks work. I never bought individual stocks before so it has been a good, and at times illuminating, experience.

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thedayisbrave
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Re: Anyone wish to share their play money investments?

Post by thedayisbrave » Sun May 05, 2013 9:05 pm

I'll bite. So far I've got Google, Tesla, Hain Celestial, Pfizer and Wells Fargo. Don't have much in the account, have been doing it for same reasons as the previous poster. Not sure where it'll take me but I'm having fun learning and watching my stocks (I don't actively trade however).

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backofbeyond
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Re: Anyone wish to share their play money investments?

Post by backofbeyond » Sun May 05, 2013 9:52 pm

Only own one stock, everything else is in index funds.

That one stock is Haliburton, Owned it since 2003, I've made 311% in about 10 years. :greedy

Shame I only put $1000 into it. ha

Could of just as easily went South.
The question isn't at what age I want to retire, it is at what income. - George Foreman

stlutz
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Re: Anyone wish to share their play money investments?

Post by stlutz » Sun May 05, 2013 11:51 pm

Has anybody sold any "play money" investments at a big profit? Lots of people with long-term holdings here thus far.

WhiskeyJ
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Re: Anyone wish to share their play money investments?

Post by WhiskeyJ » Mon May 06, 2013 12:10 am

Calm Man wrote:...So those who do this either do so for enjoyment, aiming for a home run, etc. It seems to me that for a boglehead, this is simply gambling. I have nothing against gambling and have done so and will in the future when I want to. But why do people use investments for their gambling instincts as opposed to playing poker or going to a casino?
You missed education as a key reason. You typically learn a better lesson at the casino gambling with real money than when you're on your laptop playing casino games with fake money. My first gambling experience was at 19 going to Atlantic City. I lost $200 in about 30 minutes and lost any interest in gambling for a long time. My buddy unfortunately had a very different experience. He borrowed $100 from me and 8 adrenaline filled hours later at 5am he was up $700 and was hooked. It took him a few years, a few trips during college, and probably $2k to really learn the same lesson I learned in 30 minutes.

With respect to play money, I currently have 4 stocks, 3% of my portfolio. Align (ALGN) because I did the Invisalign braces in 2002 and as an early customer was able to see the benefits vs braces. Office Depot (ODP), because I've been tracking the stock for years for no reason I can recall. Telecommunications systems (TSYS) because I sat on a plane next to one of their executives in 2003 from Seattle to Baltimore and he impressed me. And Target (TGT) because my wife needed to pick a company for one of her MBA classes and do all the financial statement research to evaluate as an investment (we spend $10k plus a year at target and have their 5% off credit card since moving to within a half mile from a new super Target two years go).

My take on the play money thing is you can learn a lot. You watch huge swings in the individual stocks, yet at 3% the portfolio is little affected. Sometimes you feel really smart when your recent returns are biting the S&P. Other times you feel so stupid for not having a 60 day limit order on ODP when you watched it spike above $6 or selling ALGN at $38 when you bought it at $7.

So my education is this: I spend end more time watching these 4 stocks and getting frustrated over my buy/sell decisions than the remaining 97%. Fortunately I step back and appreciate the simplicity of not worrying about beating the market. I've doubled the S&P at times with my 3% play money but not over the long run, and the wild swings have reinforced the Boglehead philosophy.

An active manager can gain an advantage by their inside research of companies. An active customer might be able to gain a similar "experience" advantage, so to maximize your education with your play money focus on companies you may know a little more about first hand than the average investor. And if you beat the market, don't let it go to your head. You could be just like my buddy-- very lucky...at least in the short run...

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Re: Anyone wish to share their play money investments?

Post by stlutz » Mon May 06, 2013 12:16 am

So my education is this: I spend end more time watching these 4 stocks and getting frustrated over my buy/sell decisions than the remaining 97%.
I think this is one of the big benefits of having a small "play money" portfolio. Usually, the less time you spend "optimizing' your overall portfolio, the better your results will be overall.

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Re: Anyone wish to share their play money investments?

Post by am » Mon May 06, 2013 8:35 am

Anyone use exotic ETFs, options, etc?

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Re: Anyone wish to share their play money investments?

Post by Dulocracy » Mon May 06, 2013 9:59 am

From my pre-boglehead days, I have a few stocks left remaining.

I bought BAC (Bank of America) at around 7.50/share. Bought more at around 5.15/share. Sold the 5.15/share when it got up to 11.50. I still hold the 233 shares that I bought at 7.50/share. That is all that remains of my pre-boglehead successful decisions.

I also bought BioSolar. I have a loss of 85% on that one. Their prospectus has stated that they are not likely to be able to stay in business through the year without a cash infusion. I will likely harvest the loss this year.

I bought Biostar Pharmaceuticals and have lost 65% on that one. (Remember the Chinese pharmaceutical company that wound up having arsenic or some such in its pills? Yeah, that was my stock pick just before it happened.) I am holding this one because it has done a lot to turn itself around, and it got a new contract with the Chinese military. Not too happy that part of the reason I liked the company is that it provided cheap meds for hepatitis patients in rural China, but it poisoned them, so now it is helping to create Chinese super-soldiers or some such. :annoyed I do think that if I hold this one for a few years, I can recoup much of the loss. If I am wrong, I have already written this one off in my head.

Because of the last two, I was able to find bogleheads, so they are the best bad decisions I have ever made. I plan to hold BAC for another 10 years or so.

Post-Bogleheads fun money? I bought about $4,000 of a Fidelity South America Fund. I think that South America will do will in the next 20 years or so. Buy low, sell down the road. I may be wrong. That money was money left over from what I saved for a purchase. I put in $100 every so often. It is speculation on my part. I will likely never put more than $500 into this fund in a year from this point forward, if that much. It brings me too much joy to be able to "actively" research what is going on in South America and this fund, but I never take money that is a part of my family's investment portfolio, and I do not include this in our Asset Allocation, as it is not actually a part of the strategy. (If it is play, it should be accounted for as such).
I'm not a financial professional. Post is info only & not legal advice. No attorney-client relationship exists with reader. Scrutinize my ideas as if you spoke with a guy at a bar. I may be wrong.

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Re: Anyone wish to share their play money investments?

Post by Calm Man » Mon May 06, 2013 10:41 am

WhiskeyJ wrote:
Calm Man wrote:...So those who do this either do so for enjoyment, aiming for a home run, etc. It seems to me that for a boglehead, this is simply gambling. I have nothing against gambling and have done so and will in the future when I want to. But why do people use investments for their gambling instincts as opposed to playing poker or going to a casino?
You missed education as a key reason. You typically learn a better lesson at the casino gambling with real money than when you're on your laptop playing casino games with fake money. My first gambling experience was at 19 going to Atlantic City. I lost $200 in about 30 minutes and lost any interest in gambling for a long time. My buddy unfortunately had a very different experience. He borrowed $100 from me and 8 adrenaline filled hours later at 5am he was up $700 and was hooked. It took him a few years, a few trips during college, and probably $2k to really learn the same lesson I learned in 30 minutes.

With respect to play money, I currently have 4 stocks, 3% of my portfolio. Align (ALGN) because I did the Invisalign braces in 2002 and as an early customer was able to see the benefits vs braces. Office Depot (ODP), because I've been tracking the stock for years for no reason I can recall. Telecommunications systems (TSYS) because I sat on a plane next to one of their executives in 2003 from Seattle to Baltimore and he impressed me. And Target (TGT) because my wife needed to pick a company for one of her MBA classes and do all the financial statement research to evaluate as an investment (we spend $10k plus a year at target and have their 5% off credit card since moving to within a half mile from a new super Target two years go).

My take on the play money thing is you can learn a lot. You watch huge swings in the individual stocks, yet at 3% the portfolio is little affected. Sometimes you feel really smart when your recent returns are biting the S&P. Other times you feel so stupid for not having a 60 day limit order on ODP when you watched it spike above $6 or selling ALGN at $38 when you bought it at $7.

So my education is this: I spend end more time watching these 4 stocks and getting frustrated over my buy/sell decisions than the remaining 97%. Fortunately I step back and appreciate the simplicity of not worrying about beating the market. I've doubled the S&P at times with my 3% play money but not over the long run, and the wild swings have reinforced the Boglehead philosophy.

An active manager can gain an advantage by their inside research of companies. An active customer might be able to gain a similar "experience" advantage, so to maximize your education with your play money focus on companies you may know a little more about first hand than the average investor. And if you beat the market, don't let it go to your head. You could be just like my buddy-- very lucky...at least in the short run...
Whiskey, education indeed is a good reason. I would differ with you here though because although education for education's sake is good (e.g., learning philosophy, Greek literature, art history) in this case the education of individual stocks if one follows an indexing strategy exclusively has no practical value. Just my take.

Riverstwo
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Re: Anyone wish to share their play money investments?

Post by Riverstwo » Mon May 06, 2013 10:50 am

I buy silver with my play money. Physical silver dollars and silver bars. They add up after awhile. IF my rental units are doing well and I'm not having to put out money for them each quarter, I buy silver. They use it in electronics and with the amount of electronics being utilized in this world and the future, they have got to have a shortage at some point!

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Ranger
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Re: Anyone wish to share their play money investments?

Post by Ranger » Mon May 06, 2013 11:20 am

am wrote:Anyone use exotic ETFs, options, etc?
Yes, Most of my portfolio is in derivatives

MnD
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Re: Anyone wish to share their play money investments?

Post by MnD » Mon May 06, 2013 11:33 am

CREE (LED lighting) and a play on old (bankrupt) General Motors bonds ticker MTLQU.
Both have been behaving very nicely lately :greedy and party could be nearly over for these two.
I'm looking at National Oilwell (NOV) and Alexander and Baldwin (ALEX) fr possible replacements.
Last edited by MnD on Mon May 06, 2013 12:00 pm, edited 2 times in total.

nomadgecko
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Re: Anyone wish to share their play money investments?

Post by nomadgecko » Mon May 06, 2013 11:54 am

I wouldn't call mine a play money investment; I'd just call it play money.

Probably 4 times over the past 10 years I've bought call options on some stocks I'm pretty familiar with. It definitely met the adrenaline goal and the high risk/high reward goal. On 3 of them I probably grossed an average of 2x my original purchase price (proceeds taxed at short term capital gains rates). On one of them I lost about 70% of my money. I do enjoy it from a "play the market standpoint", but I don't have the stomach to play with a meaningful amount of money. So even if I were to, say, quadruple my money, the proceeds wouldn't be big enough to be exciting. It's really the % (not $) changes that I find exciting.

I also enjoy blackjack the once every 5 years I make it to the strip.

jon-nyc
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Re: Anyone wish to share their play money investments?

Post by jon-nyc » Mon May 06, 2013 12:30 pm

I bought some single stocks in late 08 early 09, when I thought they had been beaten down to far by panic selling. Of those, I still hold GE, about 7500 shares worth. I toyed with selling it last year before the CG tax increase, but decided to hold it instead.

It doesn't seem like 'play money' anymore, as I will likely hold it for a long time and not sell it to play in something else.

BW1985
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Re: Anyone wish to share their play money investments?

Post by BW1985 » Mon May 06, 2013 12:38 pm

I almost started gambling but then I found this site and the Bogleheads led me to the light. :happy
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

325e
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Re: Anyone wish to share their play money investments?

Post by 325e » Mon May 06, 2013 12:58 pm

BrkB, CME, and PRU.

Pru I got a long time ago. It went from nothing to $100, back down a lot, and now back at $60. I would have been more upset about the swings if it was actually worth much, but it's only 59 shares.
CME I just bought about $500 worth just for fun a few months ago. I don't know if it will go up much, it's been stagnant for a while but it is a good company.
I got $3k of Brkb at $79 when it was just barely above book value months ago. I figured it was $1 for a $1 trade on a great bunch of businesses.

In total, this is about 3% of my portfolio.

There are certainly worse ways to spend money like a super fancy car or an unnecessarily large house, IMO. I agree that it is fun and is educational for very little risk (if you are picking decent companies not completely speculating).

Grt2bOutdoors
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Re: Anyone wish to share their play money investments?

Post by Grt2bOutdoors » Mon May 06, 2013 3:38 pm

APA - trading below book when I purchased it, good prospects, low p/e.
PRU - another below book purchase, low p/e, asset management can be profitable. :wink:
NSRGY - emerging markets play.

I listed it as "play" money - but I generally "buy and hold" and that is my intention with these three.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

letsgobobby
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Re: Anyone wish to share their play money investments?

Post by letsgobobby » Mon May 06, 2013 4:39 pm

Calm Man wrote:
letsgobobby wrote:
Calm Man wrote:I always have the same thought when people talk about play money. It's not play money, but real money. So those who do this either do so for enjoyment, aiming for a home run, etc. It seems to me that for a boglehead, this is simply gambling. I have nothing against gambling and have done so and will in the future when I want to. But why do people use investments for their gambling instincts as opposed to playing poker or going to a casino? Probably there is a better chance there as individual investors are the "fish" in the investment game.
Ditto, I play craps at a 0.5% house edge or so, and perfect basic Istrategy blackjack with a bet-adjustment only counting system with a house edge of probably about 0.25%, which is far less than the bid-ask spread alone on many individual 'play' investments. I'll take my chances in Vegas. And free drinks to boot. Being a Boglehead means I don't have to swing for the fences with any of my investments!
Bobby, I haven't been to the casino in awhile. However with 3 or even 5x odds in craps I think one can lower it to about 0.2% or so. But I realized awhile ago that each bet was negative EV at any casino game (except poker). And although I became very good at poker, I soon realized that the 10% rake plus tip when you won a hand made this sort of negative EV in a way. Them after some "good" thinking I realized that the amount I won or lost didn't matter as I obviously limited what I would be willing to lose. And then I just stopped. That happens to a lot of people I know as they pass through the 40s and at about 50 or so they give it up. But some don't and really get a thrill. One thing I couldn't handle at craps was the hatred of #7 coming up and literally anxiety about it especially on a big roll.
perfect play no odds 1.4% house edge
Single odds 0.8%
Double odds 0.6%
5x odds 0.3%

I usually can't afford more than about 2_3x odds. But in my mind that is a fair price for the entertainment including a couple of drinks.

Atilla
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Re: Anyone wish to share their play money investments?

Post by Atilla » Mon May 06, 2013 4:47 pm

Woops - what I meant to post is below. :D
Last edited by Atilla on Mon May 06, 2013 4:54 pm, edited 1 time in total.
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sschullo
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Re: Anyone wish to share their play money investments?

Post by sschullo » Mon May 06, 2013 4:52 pm

Monopoly
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

lwfitzge
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Re: Anyone wish to share their play money investments?

Post by lwfitzge » Mon May 06, 2013 4:52 pm

bought Apple at $330 and sold at $530 after the first early decline in 2012.

Atilla
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Re: Anyone wish to share their play money investments?

Post by Atilla » Mon May 06, 2013 4:52 pm

My gamblin stocks; I lean toward heavy dividend payers, so even if the price just sits there I get cashola on a periodic basis. I either spend the proceeds or invest elsewhere; I never reinvest. Pipelines and waste management/water purification.

Company Date Bought Buy Price Current Gain, not including dividends

ETP ENERGY TRANSFER PARTNERS L P 01/16/09 $40.38 $47.94 18.71%
MWE MARKWEST ENERGY PARTNERS L P 12/01/09 $25.90 $63.13 143.72%
VE VEOLIA ENVIRONNEMENT 12/14/11 $10.62 $14.02 32.06%
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bayview
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Re: Anyone wish to share their play money investments?

Post by bayview » Mon May 06, 2013 5:42 pm

Not content with having lost money (not much; I'm too cheap to jump into anything weird big time) on a precious metals fund back in 2008, I invested a whopping $1500 in USAGX about 8 months ago and once again destroyed the gold market. :D

There's a certain grim amusement in watching what you figured would happen, happen. Every day I watch in fascination as it goes over and under $1K.

It was absolutely and knowingly invested as play money, far less than 1% of retirement savings, and I keep it as a reminder to Keep It Simple, Stupid.
Last edited by bayview on Mon May 06, 2013 6:23 pm, edited 1 time in total.
The continuous execution of a sound strategy gives you the benefit of the strategy. That's what it's all about. --Rick Ferri

am
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Re: Anyone wish to share their play money investments?

Post by am » Mon May 06, 2013 6:09 pm

How about the direxion triple leverage etfs? But if I remember, these are only good for one trading session. Not buy and hold if you think market is going down over the next couple of months.

mrspremise
Posts: 85
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Re: Anyone wish to share their play money investments?

Post by mrspremise » Mon May 06, 2013 6:35 pm

1350 shares of AMD bought near and at the low last year, which has served me quite well recently. It was definitely a play money investment, but not a completely random bet by any means. Not a long term investment, as I plan to sell by the end of the year.

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