it’s crazy where the right (or wrong) person/entity puts out a statement and the market reacts.
Elon Musk tweeted he loved Etsy and their stock went up. Over one tweet, that’s insane.
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Stock Market & Retirement Planning
it’s crazy where the right (or wrong) person/entity puts out a statement and the market reacts.
Elon Musk tweeted he loved Etsy and their stock went up. Over one tweet, that’s insane.
I'm not intending to be critical here, but:
As noted above, not just by me, if you are looking to speculate, like you would at a casino or sports betting app, with a few percent of your assets, that's one thing and OK as long as your life doesn't change if you lose it all.
Warren Buffet famously said, "Be greedy when others are fearful and be fearful when others are greedy." Where do you think others are now?
How has your brother-in-law's management worked for you? Are you meeting your objectives? How are you doing vs benchmarks?
Have you sought a second opinion?
Consider that one of the things your brother-in-law should be doing for you is taking the emotion out of managing your portfolio.
What you are asking for is the financial equivalent of "Any quick tips out there to make me a scratch golfer?"
Are you looking for nest egg or funny money investing? I have a side account with my Dad in Robinhood where we wildly speculate, but leave the main stuff to someone who does it for a living.
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haha truth. I bet he's crazy entertained by all of this too.
I was just reading about a guy who has GME set at 16 who is openly saying "but no one who is buying GME cares what I think" hahaha - The 'source of truth' is wild when hearsay and the right name or ingredient challenges the norm.
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Well said and all valid questions. My brother in law has done well with my portfolio so I can't complain there. We have chatted multiple times about the stock market & each time I feel I know less. It definitely takes the emotions of having to watch the stock market each passing second, but at the same time feel that I should become more educated.
Did you see when Musk tweeted about tre Signal messaging app and a completely different company named Signal skyrocketed. People think internet golfers are crazy, what about internet investors?!
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Funny money...just to become educated...see what happens with some of my own personal opinion on areas I feel there is growth. Nothing crazy as I leave that up to my financial advisor.
If I had invested all my money in GameStop a few weeks ago then got out today I could retire.
If you feel as though you don;t understand his explanations, then by all means get educated. This link has a list of nine books of different topics, all suitable for beginners:
The 13 Best Investing Books for Beginners of 2023
Learn how to invest with the right investing book for beginners. We researched the best options, from books on real estate investing to mutual funds.
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This might be the best definition of my 'trying to go to bed' brain.
Everyone has a scheme that will not work.
Everyone who does not work has a scheme that does.
I'm a pretty simple guy in a lot of ways, so I found this very readable explanation of the whole Gamestop exercise to be very helpful:
www.polygon.com
But if you read any of it, read the section at the bottom of the article.
GameStop’s stock market explosion, explained
An explanation of Reddit’s war with Wall Street institutions
www.polygon.com
But if you read any of it, read the section at the bottom of the article.
My wife (thankfully) has managed money. I just play around with whatever is left when I pay all the bills. sometimes that services debt, but lately its been throwing a few bucks into the wind and seeing if it blows the right direction.
I say this because how I started doing what you want to do is by forming a small investment club with a few buddies. We have a group chat and talk about our wins and losses, kind of like a small competition. Its fun and you learn a bit by gravity.
Or if I had spent $100k on Tesla stock six years ago like one of my buddies did instead of buying a Model S (like I did in March of 2015), I'd have $2.1M in Tesla stock instead of a Tesla with 112k miles on it that is now worth $31k, lol. You can't look back like this, it will drive you CRAZY!!
pun intended
Kicking myself i didn't buy AMC as I set to when it was 2.50 in December for the post covid bounceback.. currently at 16 or whatever .. it would've bounced back eventually, even without reddit
All my regular stocks took a crap today
All my regular stocks took a crap today
Groundbreaking one of a kind treatment for stimulus use disorder, at least theres something behind this company.. Like narcan, may always have a need for it
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Some wisdom from the Oracle of Omaha:
Warren Buffett on investing for the long term
Not only is Warren Buffett a great value investor, but he's also an avid supporter of buy-and-hold investing. To that effect, here are some of Buffett's best quotes about why buying great stocks for the long run is the smartest way to go and how investors should approach their investment decisions.
Buffett doesn't believe that you need to be particularly intelligent to be a successful investor, but you do need the right mentality. Patience and a good temperament are far more important than IQ, according to these four Buffett gems:
Warren Buffett on stock-picking
Warren Buffett on knowing what not to invest in
Warren Buffett on investing for the long term
- "You can't produce a baby in one month by getting nine women pregnant."
Not only is Warren Buffett a great value investor, but he's also an avid supporter of buy-and-hold investing. To that effect, here are some of Buffett's best quotes about why buying great stocks for the long run is the smartest way to go and how investors should approach their investment decisions.
- "Someone's sitting in the shade today because someone planted a tree a long time ago"
- "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes."
- "When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
- "An investor should act as though he had a lifetime decision card with just twenty punches on it."
- "Since I know of no way to reliably predict market movements, I recommend that you purchase Berkshire shares only if you expect to hold them for at least five years. Those who seek short-term profits should look elsewhere."
- "Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market."
- "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."
- "Do not take yearly results too seriously. Instead, focus on four or five-year averages."
- "I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
- "It is a terrible mistake for investors with long-term horizons -- among them pension funds, college endowments, and savings-minded individuals -- to measure their investment 'risk' by their portfolio's ratio of bonds to stocks,"
Buffett doesn't believe that you need to be particularly intelligent to be a successful investor, but you do need the right mentality. Patience and a good temperament are far more important than IQ, according to these four Buffett gems:
- "The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
Warren Buffett on stock-picking
- "If you like spending six to eight hours per week working on investments, do it. If you don't, then dollar-cost average into index funds."
Warren Buffett on knowing what not to invest in
- "Speculation is most dangerous when it looks easiest."
- Half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if he continues to play the game.
- "What we learn from history is that people don't learn from history."
Zuckerberg is calling out Apple for their monopoly power. The irony is priceless, lol.
finance.yahoo.com
Facebook's Zuckerberg calls out Apple as 'one of its biggest competitors'
Facebook CEO Mark Zuckerberg upped the ante in an escalating battle against Apple, calling out the iPhone giant as the site’s “biggest competitors” and attacked its privacy policies.
Zuckerberg is calling out Apple for their monopoly power. The irony is priceless, lol.
Facebook's Zuckerberg calls out Apple as 'one of its biggest competitors'
Facebook CEO Mark Zuckerberg upped the ante in an escalating battle against Apple, calling out the iPhone giant as the site’s “biggest competitors” and attacked its privacy policies.
Pot: Kettle
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TBH - this “Speculation” on $GME concerns me. It’s great that retail investors decided they had enough and got educated. My concern that there could no end to this. This feels like “Financial Terrorism” This type of investing is pure gambling.
It makes me want to get more conservative with my investments and maybe invest overseas. Too much money floating around burning holes in people’s pockets.
It makes me want to get more conservative with my investments and maybe invest overseas. Too much money floating around burning holes in people’s pockets.
I found an old 401k from a previous job that I forgot to roll over, and have been using that. Just a couple thousand, so I’m not playing for big money, but it has certainly been interesting to dive into all of this as a beginner about a year ago.
I have a few shares of some of the big names, but playing through sub $5 stocks and holding to see what becomes a big gainer has beenpretty fun, without having so much on the line that gives me anxiety.
What too chicken to be as aggressive with my current 401k though.
I have a few shares of some of the big names, but playing through sub $5 stocks and holding to see what becomes a big gainer has beenpretty fun, without having so much on the line that gives me anxiety.
What too chicken to be as aggressive with my current 401k though.
An interesting take that makes sense to me.
GameStop Is Rage Against the Financial Machine
Traders putting on the short squeeze aren’t motivated by greed. They’re engaged in an anger-driven uprising against the establishment.
www.bloomberg.com
The cliche is that market capitalism works on the balance between greed and fear. The standard defense is as follows: If the greed to make money by beating the competition is matched by a fear of failure through making too many mistakes or cutting corners, then capitalism works. Nothing else yet discovered gives people such an incentive to work and create growth. Speculative bubbles happen when greed becomes excessive, or when fear diminishes too much. Easy money and easier trading with derivatives oil these emotions and allow them to run riot. The financial crisis of 2008 happened in large part because years of policy had convinced investors that there would be a bailout if they failed; they lost their fear, and greed took over.
I’m not too concerned. I see it as more like a financial rebellion, with a group of unlikely but plucky retail investors using the structure’s weight against itself to score a payday by catching a couple funds off guard. This could have never happened if the funds didn’t take such a large and aggressive short position, and then keep chasing it over and over instead of just wearing the loss. If anything, I think this will discourage such aggressive shot positions, maybe even leading to a healthier market that will penalize aggressive option positions that manipulate the market.
What’s crazy is that the big funds can move huge positions as a singular actor and no one cares. But the one time a group of internet bros collectively act, all heck breaks loose. It will tail off eventually because some of the retail guys will eventually cash out. They can’t all hold together. It’s inherently unstable. But it’s fun to watch!
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I'll go with "Rebellion"
It will be interesting to see how they get the "Genie" back in the bottle on this one.
Don't know if it will fit back in....
Well we now know. They will ban retail traders from trading GME, AMC, NOK, BB and BBBY. Those stocks are now in a free fall and the short squeeze is now being escaped while the Reddit bros reorganize.
I’m so aggravated by this. I’m going to take a decent loss, which is fine. But what bothers me the most is that the system is being used in an unfair way, just to protect the establishment.
I have a feeling this is just the beginning of civil unrest against the establishment, and shutting down trading on a bunch of stocks is only adding fuel to the fire