08-26-2020, 06:36 PM | #1 |
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Stock Market Chit Chat
hello, with the recent boom of new retail investors and the general age demographic of this forum slowly rising over time, i wanted to see if anybody else here dabbles in the stock market or even just financial planning. you know, the basic 401k, roth IRAs, things like that.
recently the only things i'm really passionate about is the stock market. we've seen a "once in a generation" type of collapse earlier this year with the introduction of COVID-19 and economy shutdowns. this is like the 2008 global financial crisis, except it happened much faster and much sharper than people expected - in both the DOWN and UP direction. do you have any comments on the federal reserve, the future of the dollar, commodities like gold and lumber, certain sectors (energy, financials, technology, consumer cyclicals, etc)? i would like to start off by saying i'm personally very concerned about the possibility of a second stimulus not happening (the powers that be do not reach an agreement in time) and things like eviction moratoriums running out, CARES act mortgage forbearance running out. i feel a housing inventory increase will be happening in the future and when it does, housing prices will crash. maybe the time to buy a house might be coming soon.. prices are super high even though the economy looks doomed from a main street standpoint.
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08-26-2020, 06:40 PM | #2 |
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Re: Stock Market Chit Chat
figured i might as well post some positions for those who know the speak
15x SPY $350c 10/16 20x QQQ $310c 10/16 10x GLD $190c 9/18 (in case of a 2nd stimulus announced, inflation expected + gold rising) 2x FB $275c 1/15/21 2x BABA $250c 1/15/21 5x SNAP $20c 1/15/21 5x MSFT $215c 10/16
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08-26-2020, 06:42 PM | #3 |
Banned
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Re: Stock Market Chit Chat
I'm dum
Last edited by choof; 01-26-2021 at 06:00 PM.. |
08-26-2020, 06:43 PM | #4 |
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Re: Stock Market Chit Chat
well with lots of money being printed, the US dollar's buying power's bound to go down. banks will give you crappy %s. having your dollar sit around in cash or in banks for measly 1% interests is not going to help you beat inflation
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08-26-2020, 07:18 PM | #5 |
new hand moves = dab
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Re: Stock Market Chit Chat
yeah but most folks already have to play the game (in terms of where they work / who pays them) to get by. might as well go the extra mile and then redistribute on a small scale.
that's my only contribution to this thread though, I have an open roth ira and never look at it, hopefully it trends ok enough in the long term lol |
08-31-2020, 06:54 PM | #6 |
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Re: Stock Market Chit Chat
update:
without another announcement of the stimulus, gold prices tanked for a day so i unloaded that. the general market (S&P 500) and NASDAQ had insanely strong days the past 7 sessions and with the new Apple and Tesla splits taking effect today, both of their stocks have been on a tear. i'm seeing Tesla/Apple trend on twitter right now and i'm seeing "TikTok influencers" touting their stock market gains and giving advice on how to invest. i feel a dot com bubble sort of atmosphere here.. nothing seems right. needless to say, i'm afraid we're due for a heavy correction and the music will stop playing. and when it does, retail investors will be the ones left standing.. and it won't be pretty. just don't know when the music will stop. until then, remember to invest in your future wisely!! new positions today!! COST 11/20 $360c QQQ 11/20 $315c QQQ 10/16 $305c SPY 11/20 $360c UVXY 9/4 $25c AAPL 11/20 $140c
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08-31-2020, 07:41 PM | #7 |
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Re: Stock Market Chit Chat
i personally think this is a good thread topic but can't contribute 'cause i'm not well-versed in this type of stuff
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08-31-2020, 08:06 PM | #8 |
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Re: Stock Market Chit Chat
I've considered getting involved in stock market in the near future, just can't really get into it at the moment because, y'know, living at the bottom of the barrel at 25 years old and don't really make the kind of money to meaningfully contribute to the stock market.
Still quite interested in it though. Covid-19 doesn't necessarily help my case either here. Kudos to the guys near my age that can afford placing savings in the stock market to make meaningful short-term returns. Last edited by gold stinger; 08-31-2020 at 08:07 PM.. |
08-31-2020, 08:39 PM | #9 |
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Re: Stock Market Chit Chat
well, don't fret it too much. i honestly believe there is a bubble going on right now and when it pops, it's going to wipe out probably trillions and won't be pretty.
everyone and their moms are getting into it (you have tiktok influencers and youtubers who tweet about ~the market~) and i just see people everywhere doing stupid stuff and somehow they keep getting rewarded for it. everybody needs an exit plan. i mean, look at this guy and the comments in the thread. https://twitter.com/KEEMSTAR/status/1300210707879940103
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09-1-2020, 12:22 PM | #10 |
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Re: Stock Market Chit Chat
Yeah what you don't see posted as often are the big losses. See this Twitter comment as an example: https://twitter.com/TWolvesSZN/statu...10837819396096
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Last edited by DossarLX ODI; 09-1-2020 at 12:29 PM.. |
09-1-2020, 02:49 PM | #11 |
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Re: Stock Market Chit Chat
Out of curiosity, what are your thoughts about the possibility of policy makers manipulating the gains/losses of the stock market? There was some talk earlier this year about how that could have played a motivating role in the U.S.'s slow response to COVID-19. Excluding inflated death rates current in the U.S., are there some potential ramifications associated from this collusive effort assuming that was true?
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09-1-2020, 04:27 PM | #12 | |
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Re: Stock Market Chit Chat
Quote:
i think the problem here is that the businesses that are going out of business are not publically traded ones, or companies even. and the big name companies that have a plethora of cash to plow through COVID with will just end up buying up / soaking up all the competition and business that previously other consumers went to. on the topic of collusive efforts, if the republican party doesn't win.. you damn well know they'll try their damnest to crash the market so they can put the blame on the dems. and if the republicans win, they'll probably just keep the charade going for as long as possible and then blame the eventual downfall on the dems. if the dems win, they'll do the same to keep their image up.. blah blah.. the potential ramification is that, at some point, the market will call the feds' bluff and finally we'll see the effects on the real market. you can see knee jerk reactions happening in the gold/dollar exchange every time somebody like jerome powell speaks, the spokesperson for the one policymaking entity that everybody has their eyes on right now.
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09-1-2020, 06:52 PM | #13 | ||
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Re: Stock Market Chit Chat
Quote:
edit: i mean when the bubble pops
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Quote:
Last edited by Funnygurl555; 09-1-2020 at 06:52 PM.. |
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09-1-2020, 07:02 PM | #14 | |
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Re: Stock Market Chit Chat
Quote:
back then, companies with literally 0 relation to the .com or Internet just slapped on '.com' at the end of their current names and it would just skyrocket in value for no real reason.. at least now we have things like apple and even tesla which has an actual business model.. and some stuff like nikola (without a real business model) being valued at tens of billions. if anything, people should look to make money off of this stupidity and the retail investors flooding (this includes you, and me) but also have a valid exit plan. after joining the workforce i've met all kinds of people, including people whom you'd never expect to be "wealthy," like people who've flipped houses during 2005-2007 for millions of dollars when they knew all too well it was a bubble. basically, the market can remain irrational longer than you can remain solvent. so why not enjoy the ride? personally speaking i'm up $18,000 today and i didn't even contribute anything to society. it's really, a joke honestly.
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09-1-2020, 07:33 PM | #15 |
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Re: Stock Market Chit Chat
what
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09-1-2020, 10:15 PM | #16 |
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Re: Stock Market Chit Chat
i invested a little into tesla and im seeing good return on that lol other than that i don't know shit i just knew tesla would be big one day
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09-2-2020, 10:18 AM | #17 | |
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Re: Stock Market Chit Chat
Quote:
I still question why some new-ish companies see huge share price growth without the profits to back it up. It know it's based on potential profits and possible future cash flows, but at some point it becomes a question of just how long you'd have to wait to see actual profit out of the company. Hype only lasts so long. That's why I like Warren Buffet; his strategy is actually pretty simple with time in market and investing in business models you can understand. As far as your last point, you can consider the taxes you pay on your earnings a contribution to society. |
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09-2-2020, 12:29 PM | #18 |
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Re: Stock Market Chit Chat
I mainly trade Canadian stocks as they're free on the platform I use.
I have a pretty conservative portfolio so far. Mostly just holding for retirement, but definitely willing to take some risk before this tech bubble pops. |
09-2-2020, 05:31 PM | #19 | |||
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Re: Stock Market Chit Chat
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and as for the huge share price growth, the market looks forwards.. sometimes too forwards. like zoom for example. i don't think the market actually cares about profit anymore. because if they did, intel should be way higher, but it's not - because people only look at the potential room for growth. the only exception to 'potential growth' would be megacaps like apple/amazon where there is still unlimited room for growth based on their business model & scale. and yeah, that short-term gains tax is going to suck. especially as a california resident. i'm thinking of moving to someplace like washington if i get bigger and bigger.
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Last edited by mi40; 09-2-2020 at 05:31 PM.. |
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09-2-2020, 06:23 PM | #20 | ||
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Re: Stock Market Chit Chat
Quote:
Do you think that this is because of a rise in investment social media (like Keemstar shown above), or more easy to use apps like RobinHood opening the market to more people? (Probably both) Quote:
As far as future growth, I think more investors need to look at what happened with the We company. Grew to be "worth" billions, but had no profits and died VERY quick. It emphasizes the need to understand both financial statements and the business model you'll be investing in. Also judge executives. I like this video on it. Can't speak on American tax, so good luck on that. Keep some cash in reserve for it. |
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