Financial Forum

[Survivor]

Pook,

I've been reading "Rich Dad's Guide to Investing", so I'm well aware of what investing is and what gambling is. My concern is that even with rules in place, will there be enough knowledgeable people on the site to know the difference?

Kinda like what Kiyosaki himself says. "It's not the investment, but the investor that's risky." We could create a forum that has the most well-thought out rules and policies, but if no one on the forum knows a damn about financial literacy, like whats the difference between and asset, liability, or a security, etc... it'll be the blind leading the blind,...just like the main forum.

But the main forum is different. Yes, the blind is leading the blind, but in the main forum, that is BY DESIGN. There is some guidance provided by veteran posters and to an extent, the DJ Bible, but for the most part, newbies use the main forum to trade notes with other newbies about their real world experiences. The subject matter may sometimes seem very elementary and downright stupid, but them, it is very new and groundbreaking. The main forum may be painful to read at times, but this is actually good because it forces them to figure things out in the real world rather than use this web site as a crutch.

In contrast, I envision a financial forum that would help both beginning AND advanced investors. Remember how we had to separate the men from the boys and bring back the Mature Man forum? We don't wanna have to do the same for a financial forum. Its similar to how we don't have an advanced H&F forum, but yet the level of dialouge still remains high.

 

[Sato21m]

Are we gona have the financial forum?

 

[Eternal]

Originally posted by Dayr0n
Are we gona have the financial forum?

We shall see.

 

[Sato21m]

nice

 

[Chrispy]

I am LIKING this idea! Not to brag, but I'm a financial guru with the stock market, up until 2000 that is. Since then I've been re-evaluating and being much more careful, all the while saving well and reading books like "Millionaire next door" and stuff from Benjamin Graham.

 

[Snatchmaster]

Having done a search of financial topics, it looks like we have enough strings to start a financial forum. Too often, the financial stuff falls into other strings, but with its own forum, I suspect the subject will develop like a nice library.

How many years has this been under review?

 

[xniceguy]

If you're looking for a financial forum, check out www.fool.com . They're charging now - I think $35 a year- but they've got a huge community into investing, education, swapping ideas, etc. Not very entrepreneurial (sp?), as they focus more on financial investments than owning a business, but very good and the discussions are enlightening. If you don't like paying, the free section of the Fool is still worth checking out. (And don't be turned off by the harlequin hats - it's their schtick).

For basic info on financial investments, The Wall Street Journal Lifetime Guide to Money kicks butt. I gave it to my parents a few years ago.

HTH.

 

[diplomatic_lie]

Well there are heaps of other sites with financial forums. Somersoft Property forums is for property investors, Young Entrepreneurs is for...well young entrepreneurs. And the Chamber of Commerce is a great real-life "forum".

In fact I think the number of financial forums out there exceed the number of people on this site.

Not to mention the amount of get-rich-quick and MLM idiots that flood every financial forum. You'd need pretty active moderation to stop that crap.

 

[SexPDX]

Re: A Moderator's Point of View

Originally posted by Survivor
And even if there is interest, do we have enough people here who are knowledgeable enough to maintain a decent level of quality?

My views on the topic might be somewhat unique but I would tend to worry that there is not enough to know about this topic to warrant that much useful discussion. Sure, there is TONS to talk about but very little to actually KNOW.

In my opinion, the most important piece of advice on this subject is to ignore the noise of the financial media (and that's ALL it is, noise!). What would a sosuave financial forum be other than just more financial media noise? What would it add to what is already out there other than just yet another venue for popular interpretations of market indicators to be parrotted?

There is already quite enough really awful advice being casually offered by people talking out their asses in the ON-TOPIC parts of the forum. Let's not make this even MORE of a self-actualization outlet for lame-ass posers by adding a "Financial Forum".

-PDX

 

[Cesare Cardinali]

SexPDX wrote:

Let's not make this even MORE of a self-actualization outlet for lame-ass posers by adding a "Financial Forum".

I think, instead of a Financial Forum, we need a separate forum just for all the posts from SexPDX telling us how lame we all are.

Cesare Cardinali

 

[Mr. Mystery II]

Originally posted by Cesare Cardinali
SexPDX wrote:


I think, instead of a Financial Forum, we need a separate forum just for all the posts from SexPDX telling us how lame we all are.

Cesare Cardinali

LOL, I bet that would be a very popular forum.

Mr. Mystery

 

[SexPDX]

Originally posted by Cesare Cardinali
SexPDX wrote:


I think, instead of a Financial Forum, we need a separate forum just for all the posts from SexPDX telling us how lame we all are.

Cesare Cardinali

Haha!

You know what I mean when I say stuff like that. There are a lot of really good guys here but the good discussions have always tended to be beset on all sides by ass-talking, increasingly so as time goes on too.

Actually, on further reflection, I think I am coming around to this idea of Pook's. A financial forum just might be interesting, maybe even good for this place. It would certainly inspire me to post more (which may or may not be a good thing depending on who you ask, LOL!).

If we did have such a forum, it would be nice if it were strictly moderated to exclude spam, hot tips, etc. I realize moderation would become more dificult if the forum were ever to become very popular, but I just see potential for the signal-to-noise ratio in there becoming ridiculous.

Most of what I would contribute myself to the financial forum would be about budgeting and reducing personal expenditures, because that is what eludes people to the greatest degree. The rest of the subject, in my opinion, does not have to be made terribly complicated in order to be more than adequately understood by pretty much anybody.

-PDX

 

[Hot Ice]

Yay to Financial Forum!

Business is part of mans life.
And extra money wouldn't hurt!


It would be great to discuss about making and using money here.
People lack knowledge how to make money.

 

[tactic]

the first reply i knew i was going to read was

"great idea!"
or
"i totally agree!"
or anything like that..

 

[TheMainMan]

A financial forum would be class.

Moderators- Please give it a lot of thought.

 

[misterethoughts]

Beautiful idea....

 

[Spike_the_Dragon]

If a Financial Forum is put into place here on SoSuave, I'll never leave... I'll keep reading until my eyes bleed!

I'd really like to hear some financial opinions/information/advice from other men like myself. This place is all about being a winner, and a forum like this could only make things better.

I would love to have more control over my money and start buying some assets, start investing, building my own empire, etc.

In this day and age, financial freedom is freedom. I would really like to see this idea become a reality. We have a "Health and Fitness Forum" and even an "Anything Else Forum" so why not a "Financial Forum" as well?...

Please put this idea into effect as soon as possible. We really need it.

 

[DJBen]

Stick another name on the list.

I think this is a very good idea - I need to learn about this. Not want to, need

As for the 'I knew someone would say FANTASTIC IDEA!" etc - well, it is a good idea.

We might never use the information on the boards to make mega bucks, but reading about self improvement and women in our spare time is good for... well... improving yourself and increasing your chance with women.

How about doing something equally as productive and increasing the chance of future financial security?

Maybe we need a poll

 

[Alpine]

I know what the first post will be as well.

'I'm so depressed, I have no money, should I get a job, what should I do, I was thinking of going on Paxil?'

Sorry to p1ss on the parade, and I'm sure you'll end up with a forum.

But those who actually have even an incling about money, how to make it and how to build it, will be drowned out by a sea of hot air merchants who haven't got a pot to p1ss in.

Just like with the H&F forum everybody wants gratification now, they won't listen to sense, and take the 'advice' of the person who has the most DJ cred. or offers the least painful suggestions to making a buck.

If anybody is serious about making money, they will read books and talk to people who genuinely have been there and done it. Not get advice from people they don't know on a Players forum.

 

[Spike_the_Dragon]

I've read books, other sites, etc. But if sosuave is good for one thing, its motivation. Sometimes I get to feeling like **** being the only one of my kind, and comming here usually makes me feel better about being what I am. Sounds corney, but its true... I get way more out of this place than I could ever give back.

A financial forum would be great motivation for survival in today's shallow, money-driven, material world.

There will be trolls, but where aren't there any trolls on this site anymore? We need this. Do away with "Anything Else" if you have to in order to make it happen.