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Cowards run from the truth and they're easy to spot.
HODL meaning, essentially means; “Hold on for dear life”. This roughly translates as the "HODLER" believing their coin to be profitable one day and will sit back and never lose coins due to botched trades. If the value of cryptocurrencies increases significantly in the years ahead, it can be worth it to hold onto the crypto as if it were a treasure-trove.
Options is not that difficult and the risks are low. For example this works in your favor you can sell a put on a company you're eying and you know the intrinsic value/what you want to pay and just collect a premium and who knows maybe you'll get put the shares you wanted to buy in the first place.
My concern is that there's a segment of society that has had a foreclosure or short sale from 2008 and feel it's not that big of a deal to let it go after doing it then.
Are car sales up?
Full disclosure, I don’t do any of that crap. Just buy index funds and hold them. You are guaranteed to get the average return of the market and the average return of the is better then what 80% of investors make.
I acknowledge the strong performance of tech stocks during this crisis. Tech companies like Amazon have absolutely cleaned up as they displace Brick and mortar stores in unheard of frequency.
The crash is still coming though. It might hold off until September, but it might also start earlier. Like I said, I gave you all early warning.
4 months ago none of the phenomenons existed, which are in turn creating these bizarre stats. I expect a stock crash in October, but its definitely largely speculative. We really dont know what any of this means.
Rinse, repeat, print more money. Meanwhile I can’t get 1% in a savings account.
I'm just wondering WTF people are spending their money on. Until recently, there was little to nothing to buy/do besides a car, groceries or Amazon from March until mid June. Our bank account has grown substantially since this BS started. That's without any stimulus or a job loss bonus... lol. Outside of high COL areas, there's really no reason anyone should be missing payments on most things. Especially housing. 1+1 is equaling 3 right now.
I think there's gaming of the system by individuals, but I still don't understand why. Are we becoming that big of a douche bag?
mich saysOptions is not that difficult and the risks are low. For example this works in your favor you can sell a put on a company you're eying and you know the intrinsic value/what you want to pay and just collect a premium and who knows maybe you'll get put the shares you wanted to buy in the first place.
But then you have to keep the cash on hand for the life of the option and be ready to buy if they exercise the put. Not a big risk, but an inconvenience.
Tesla's market cap is now more than Toyota, GM, Ford and Chrysler/Fiat combined. Tempted to short 100 shares outright just for the thrill of it. Tesla's stock price at the beginning of the year was $1000 dollars lower....
Dholliday126 saysI'm up 125K in the past 3 months in stocks. Plus 500K in my house over the past 6 years. Let me tell you boys, doom may sell, but it doesn't appreciate.
Asterisks, it all paper gains. Double jinks.
Niiice! Congrats!! Maybe you have mentioned it already....which stocks did you mainly buy?
Tech stocks?
WookieMan saysI'm just wondering WTF people are spending their money on. Until recently, there was little to nothing to buy/do besides a car, groceries or Amazon from March until mid June. Our bank account has grown substantially since this BS started. That's without any stimulus or a job loss bonus... lol. Outside of high COL areas, there's really no reason anyone should be missing payments on most things. Especially housing. 1+1 is equaling 3 right now.
I think there's gaming of the system by individuals, but I still don't understand why. Are we becoming that big of a douche bag?
If you lost your job due to Covid-19 you can't pay rent or mortgage - sure there will be plenty of gaming and pretending as well but that's the reality for many. Also many will simply stop paying rent and claiming Covid-19 damages in case they will lose their job later. Doesn't surprise me.
Newbie123 saysDholliday126 saysI'm up 125K in the past 3 months in stocks. Plus 500K in my house over the past 6 years. Let me tell you boys, doom may sell, but it doesn't appreciate.
Asterisks, it all paper gains. Double jinks.
Niiice! Congrats!! Maybe you have mentioned it already....which stocks did you mainly buy?
Tech stocks?
OMG I just wrote this super long response and then hit the back button and erased it. So I'll try to sum.
I leave it up to my stock guy. He believes one must be 90% vested in a basket of 40 stocks. Inflation is a 8% so you gotta shoot for 15% returns. The only way to get that is tech and tech ipo. Big Motley Fool fan, pays for a lot of their research. He had me in fangs, shopify, zoom, stichfix, peleton, datadog.. basically crazy unicorns I would never do o...
I'd take some gains here as tech / faang is definitely overvalued. PTON needs to show they can become profitable, so far they have a bike and a treadmill - ok they tack on the subscriptions onto that which are the real money makers, but they are far away from profitability. I don't know how long nflx can show the same revenue growth with all the competition entering. AAPL has always been solid and is probably the safest, but I'd wait for the Q2 earnings before investing more or sell some before Q2 earnings if you have a lot. All these tech trannies are priced for major earnings gains and can easily disappoint. This is not a generally bearish market outlook, but tech has gotten ahead of itself just a little.
But you are buying from someone else who is selling it because they think it is a bad investment at that price.
I’m not so prideful to think that I’m the more informed investor in even 50% of those transactions, and anyone that can consistently “win” at stock picking
Never get out of stocks, until you need the dough or you are a geezer who wants only income.
Wow you must have a lot of aapl stock for that much dividend. Good for you.
Would suck to lose my house down payment. I've only been waiting to move from apartments to a SFH for 25 years.
If you understand an industry very well (because maybe you work in it) and have a fairly clear view of who the disruptors will be then picking individual stocks kicks the shit out of indexes. Riskier though. Not a good idea for older folks unless they are already wealthy.
Most of the people spouting the “I understand the industry so I know what stocks to pick” line are code monkeys who understand nothing about investing.
The Left REALLY needs a White cop to kill a Black man. Time is a-wastin'
porkchopexpress saysThe Left REALLY needs a White cop to kill a Black man. Time is a-wastin'
The problem is that black cops kill black men at a higher rate than white cops do.
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Those of you who know me a bit from my history know that I don’t pull this trigger lightly. I didn’t fall for all the bear schemes in the last five years. I’ve been a bullish investor for the past 10 years.
The last time I did this (everything to bonds) was in December of 2007.