Funeralopolis
11.25.20 | What the hell is this market? Were bordering on recession and have probably the hottest market ive ever seen. You can throw a dart at a ticker and make 40% ROI tbh. RiP gic holders. |
Titan
11.25.20 | be careful Funeral.....i've been investing for 20 years now......slow and steady wins the race.....don't try to get rich overnight my friend......solid blue chippers have treated me very well over time....i too have shares of nvidia for a few years now, awesome |
zakalwe
11.25.20 | โslow and steady wins the raceโ
Blitzkrieg the futures market and throw money willy nilly into Bitcoin web scams for the fuck of it. |
Pheromone
11.25.20 | lool |
Josh D.
11.25.20 | Tesla sucks and Elon Musk sucks |
unclereich
11.25.20 | e
t
f
that is all
and fuck Tesla if it doesnt pay dividends idgaf |
Titan
11.25.20 | yeah fuck tesla
because if you invested in it 12 months ago, you would've made almost 1000% roi |
unclereich
11.25.20 | imagine investing in it years before the spilt :0. yea we are all geniuses with 20/20 hindsight
but yea man I just dont care for a company that lives off government subsidies |
Josh D.
11.25.20 | Tesla sucks and Elon Musk sucks |
someone
11.25.20 | work in investment directly, though primarily focus on funds of funds and the qualified investors. thinking of branching out into commodities for diversity and vanity. |
TheAntichrist
11.25.20 | tappin that ira like it's my wife of which i do not have. got the ira though lol |
Egarran
11.25.20 | Josh can you show us on the doll where Elon touched you? |
MO
11.25.20 | Yea been investing for a while now. This current market is crazy |
unclereich
11.25.20 | only gunna get more interesting |
Funeralopolis
11.25.20 | I don't believe in dividends, they're a trap. A good growth stock will always have much better ROI than your dividends will yield, if the company is putting money into dividends they aren't aggressively growing enough to be worth my time. |
gschwen
11.25.20 | When the market crashed back in March, I got a RobinHood account and started putting $200 into every month. I think initially I dumped in maybe $1000.
I bought up a few travel stocks like Southwest (LUV), Spirit Air (SAVE), and Carnival Cruises (CCL). Today I'm up nearly 50% on those three, but this new wave of cases makes me concerned they are going to tank again, plus potential Southwest furlough is coming. Anyway, buying these three at the bottom of the crash was an amazing decision to this point.
I'm also sitting on a few pot stocks because I think legalization in this country is around the corner. It's a waiting game.
The other wildcard stocks I have are exactly one share of TSLA, which is finally in the green for me since I bought it now they've announced the invitation to the S&P500.
And on a whim I bought stock in Chilis (EAT) when they announced they were going to be a ghost kitchen for Just Wings because I think buffalo wings are great and carry out is king right now. |
unclereich
11.25.20 | spoken like a rookie |
gschwen
11.25.20 | I'm waiting to get hurt bad |
unclereich
11.25.20 | wasnt talking to you sry |
robertsona
11.25.20 | lost money betting on tivo stock in Robin Hood. Canโt do it folks |
unclereich
11.25.20 | lol robin hood |
Funeralopolis
11.25.20 | @gschewan: I definitely think that buying travel stocks around then could be a good call. I have thought about it many times. News of the vaccine surging stocks has honestly been a lot more sticky than I expected them to be. In hindsight, the boost from vaccine news came way sooner than I ever expected. I went under the presumption those stocks could dwindle for months-years and eventually boon but why sit around when you could 50% ROI somewhere else in the meantime? Awesome for you it worked out!
I would be very concerned about monitoring the debt ratio and stock dilution of the companies you are looking into gschwen. |
Funeralopolis
11.25.20 | @unclereich: What don't you like about robinhood? |
Keyblade
11.25.20 | i want to, but not sure i'm into the constant monitor of the market on some fantasy football shit
i just wanna take some money, set it and forget it for years/decades without worrying about when to pay out. got some reading to do |
Pheromone
11.25.20 | did a business finance course once in singapore and learned that if you invest youre a fucking n e r d |
gschwen
11.25.20 | For the pot stocks, I agree. For the airlines and cruise company, "too big to fail" comes to mind. I don't anticipate SWA closing up shop any time soon. |
unclereich
11.25.20 | mutual fund key |
Keyblade
11.25.20 | thanks reich, imma go read up on that |
Funeralopolis
11.25.20 | @keyblade: You don't need to monitor stocks constantly only if you want to get really aggressive with it. What you invest in totally depends on your personal goals.
There are 'stocks' called ETFs, that are essentially like a super diversified bundle of stocks in an industry. The SPY being the most famous. It is a collection of the top 500 performing USA companies. You are basically guaranteed to make at least 5-8% return on an investment a year averagely with a lot of ETFs. Don't have to even look at it for 10 years.
|
unclereich
11.25.20 | yea I have a target retirement fund, fun to play with the calculator and see what you'll have in 40 years |
gschwen
11.25.20 | I like the Vanguard ETFs |
unclereich
11.25.20 | yea its the most popular |
DungeonBoy
11.25.20 | have you guys heard of something called Bitcoin? |
bloc
11.25.20 | Only thing worth investing in is real estate |
unclereich
11.25.20 | Gold all day |
TheAntichrist
11.25.20 | @unclereich i used to have that when i worked for target til modernization happened then i up and left that bitch lol |
unclereich
11.25.20 | I'd advise getting another and investing the max of 6k in it a year |
DungeonBoy
11.25.20 | apparently, it's some sort of cryptocurrency that might be popular in a few years down the road. Apparently, a good store of value, some have even equated to digital gold. I guess it might still be too early for it though, doesn't sound like a lot of people know too much about it. |
TheMrAlexK
11.25.20 | My entire porfolio is up 30% in November alone just off of NIO and PLTR lmao |
DungeonBoy
11.25.20 | share the wealth moneybags |
TheAntichrist
11.25.20 | like i literally up and left target lmao |
DungeonBoy
11.25.20 | but you still have the retirement fund right? what kind of matching does target offer? |
OSEL
11.25.20 | real estate is always good
I bought two tesla stocks on a whim with my hs grad money a few years ago. can't say I'm bummed |
Trebor.
11.25.20 | I hodl bitcoin
Not a fan of stonks |
bloc
11.25.20 | Bought a house in April as soon as the COVID shit was starting. Sell prices for neighbouring houses have already gone up $50-80k |
normaloctagon
11.25.20 | "I don't like to tell a man what to do with his money but if you ain't investing in property then you're dumber than a dummy" |
DungeonBoy
11.25.20 | oh wow Trebor youre into holding bitcoin, how cool! I just heard about it, I heard a guy on the news say it could be worth over $300,000 per digital coin by the end of next year. but I also heard another guy on the news say you shouldn't tell people you have bitcoin, kinda like fight club I guess. |
GhostB1rd
11.25.20 | "i just wanna take some money, set it and forget it for years/decades without worrying about when to pay out. got some reading to do"
https://imgur.com/MAF0A6c |
bloc
11.25.20 | This is also a good reminder to me when I get a kid soon to open up an RESP immediately |
Funeralopolis
11.25.20 | @TheMrAlexK: Holy fuck I log into my online broker today, PLTR THE MOON. ๐๐๐๐ |
climactic
11.25.20 | theta gang |
TheMrAlexK
11.25.20 | Like literally you couldn't go wrong throwing a couple thousand at whatever meme stock WSB has been jerking off to the last couple months. Like I'd say I'm about 80% in ETFs and boomer stocks but that other 20% has gone to dumb shit like NIO PLTR MTDR(cashed out at +670% a few months ago) FSR SQ TSLA. Don't even need to fuck with options just buy the stock and wake up in the green every morning.
It's a good way to keep a long term view but still feel like an active investor (if you're into that). Especially now that I'm working one day a week due to college+covid this shits been a godsend. |
Rowhaus
11.25.20 | No way in hell anyone should sell calls with these unstable markets. Buy some puts for that hedge action all day. |
Keyblade
11.25.20 | yall bout to send me down a rabbit hole |
TheMrAlexK
11.25.20 | Yeah I admire anyone who actually has the balls to really fuck around with options I just do not have the stomach for that shit |
Keyblade
11.25.20 | too much unnecessary anxiety |
DungeonBoy
11.25.20 | what gives you peace of mind? |
Egarran
11.25.20 | Poverty, but in small, measured doses |
Funeralopolis
11.25.20 | I don't see why not do calls/pulls in longer term if you are very confident. However, I wouldn't be freaking doing OTM weeklies in this market lol. I woul only do calls/puts with due dilligence.
I am VERY confident BABA is gonna shoot up hard.
Also anything in lithium mining and battery manufacturers I am very confident are excellent LEAPs. Look up every single major automobile manufacutrer all the major players are gonna have most of their lineup be EV by 2023. We are in the middle of a battery arm's race. Lithium's demand is estimated to rise over 600% in the coming years. |
TheMrAlexK
11.25.20 | Yeah battery manufacturers are def something I'm looking to get into. Even the smaller EV companies are seeing massive growth now but you don't see much hype about companies making the components just yet. I think I have some slight exposure through QCLN(?) but yeah I feel really good about anything clean energy related long term. |
DungeonBoy
11.25.20 | I've also heard batteries are expected to really take off in the next couple of years. Mostly AA but possibly even AAA's I heard |
Thalassic
11.25.20 | Gold has been doing well |
Snake.
11.25.20 | too bad the new bolivian government only took elon's toys away instead of epsteining him |
climactic
11.25.20 | options are only as risky as you make them. these past few months have been good for selling puts or covered calls on stuff like amd, aapl that have been trading flat for a while, pretty safe stuff if u dont mind owning the stonks |
Sinternet
11.25.20 | i dont care about investing but watching manchild rage over at /r/wallstreetbets is fucking hilarious |
LeddSledd
11.25.20 | pink wojaks on /biz/, wewlad |
deathschool
11.26.20 | I invented this future car that you gotta get in on man |
