Stock Market Discussion

[Codeblue]

[bubbie]

^ Ha!

#buydogecoin

If you bought at the 52 weeks low, a $100k investment would be worth $4M

That’s true

Although, if you bought a $100k worth of GME 52 weeks ago and some options with that to boot... Pretty sure my calculator would break if I tried to figure out last week’s worth. Luls.

[jjttdw]

^this

stonks for dummies.

Not sure if yer supporting or ridiculing. ¯\_(ツ)_/¯

^support.

When I turned 18 (several decades ago) I set up a weekly auto-invest into a 70/30 split of exactly those two kinds of funds. Best thing I ever did.

Noice! Wish I had done the same. My grandfather was a big time investor in Vanguard funds back when I was way too young to care, and he tried to teach me the ways. If only I'd listened then. Oof.

buncha silver spoon MFers. I'm not even sure my parents / grandparents knew vanguard as a noun much less an investment fund.

[sixstringer]

^Ha I wish! Nobody taught me about $ growing up. My folks were pretty terrible with finances actually. That's probably what motivated me.

edit: P.S. the weekly auto invest was like $25. I had a job at Little Caesars pizza when I opened the account. Def not silver spoon.

[Kdh12]

I wish I would have invested in property in the 90’s after I graduated high school. These west coast prices these days.

[Codeblue]

Luls. My grandpappy was anything but a silver spooner. He was the first person in the family (that I'm aware of) that made real money through investing. He was a high school principal.

[jjttdw]

One of my grandfathers was a farmer and he was dead before I was born and the other was an auto worker. Not sure either had a pot to piss in or a window to throw it out of.

[sixstringer]

My aha moment was when I discovered Don Lapre infomercials in the early 90's and I'm not even joking. Oh, and also William J. McCorkle the real estate guru. They were more influential on me than anyone in my family as far as finances. I never bought the tapes but I would study those commercials for hours and they def got the ol juices flowing.

[Codeblue]

How's about a chart for PTON? Someone I know is about to sell his stake before earnings are announced.

Edit: He sold before the announcement. Looks like a good call.

[bubbie]

Still holding VFF. Can’t help the feeling I am going to loose some good gains here, lol.

Checked out at $19, current 52 high. Not sure if that was the right move, but whatevs. While it was climbing all day, volume moved in close to the end. Will probably fly tomorrow, lol.

[bubbie]

Who is going to find me an (very) undervalued ganja stock to cuddle with for a while?

[cktbreaker]

It's not that one is better than the other funds vs stock trading. If you know what you are doing stock trading will always beat fund investing. But if you don't understand support and resistance levels and how to apply stop losses properly and take profit at proper levels, then yes you should probably put your money into a fund. It's passive vs active. Someone said on another page that 'stocks are for dummies' it's just not true and there is no need to disparage either approach. It really matters what your goals are. If you want to focus on building widgets and don't want to pay attention to markets then go for the funds, if you want to focus on learning technical analysis and or fundamental analysis and learn how the markets operate then individual stocks are great. I always try to hedge my stock positions, so I am long and short on the same ticker extracting money from the market in both directions. I use stop losses, and only risk 1-2% of my account size on any trade. So if the market dumps like in March I am out, I took a small loss but then I entered again much lower. To trade you have to learn to leave your emotions out of it, where as in funds you ask someone else to do that. Emotions are very strong, to most seeing a stock go down is scary and they often sell at the wrong time. You can tell a trader to buy the blood and sell into exuberance but they will do the opposite over and over again. For me I find or someone shows me something and if the trade makes sense in my system, I take it. First I find where my trade will be invalidated and set my stop loss then calculate how many shares I can buy, based on 1-2% loss, set profit targets and that's it, I move onto the next ticker. Same thing with crypto, and often while these trades are doing their thing, I am trading one minute candles on the NQ, ES or RTY.

[sixstringer]

^this

stonks for dummies.

Someone said on another page that 'stocks are for dummies' it's just not true and there is no need to disparage either approach. It really matters what your goals are.

Just to clarify...I think maybe you misinterpreted my comment. I was just agreeing with blue that index funds like SPY are a decent bet if you want to get long in the market and don't have the knowledge or desire to fudge around with individual stonks i.e. stonks for dummies (like me.) I agree with your post...apples and oranges.

[ygolohcysp]

Man I really want to add the skill set you (ckt) just described and get to work.

[papaver]

It's not that one is better than the other funds vs stock trading. If you know what you are doing stock trading will always beat fund investing.

hilarious. don't kid yourself.

"Now I have the final tally — and in several respects it’s an eye-opener," he wrote in his newly released Berkshire Hathaway letter to shareholders. Results from the S&P 500 index fund easily beat the hedge-fund rivals." -- Warren Buffett

https://www.usatoday.com/story/money/ma ... 402823002/