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STOCK MARKET: Let's talk stocks and investing

Discussion in 'BBS Hangout' started by SWTsig, Jun 2, 2008.

  1. Ziggy

    Ziggy QUEEN ANON

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    I somehow lost money on UPS and Home Depot this year. Cant think of easier plays to not lose at. Lulz.
     
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  2. Rodman23

    Rodman23 .GIF

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    Sometimes the market is just out to get you, haha
     
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  3. Ziggy

    Ziggy QUEEN ANON

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    Oh and NET! What a quick and violent rebound.

    [​IMG]
     
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  4. CCity Zero

    CCity Zero Member

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    Absolutely, and... On account blow ups... Yeah... Hahah - I don't have the super sad stories of "so I was up a million from 25k and now I'm at 10k...." but I've learned from personal experience... Ie forcing stuff when newer or getting emotional and chasing, especially on higher risk options. Like trying to force it to work/true FOMO etc... But man in this market it's been absolutely insane.
     
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  5. CCity Zero

    CCity Zero Member

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    I don't know about now, but in this market it's been crazy for sure so maybe it won't even dip... Haha
     
  6. supaflyz

    supaflyz Member

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    Can anyone recommend me what sites to invest or teach me how to invest? I have been listening to minoritymindset on youtube, and he goes over some investing stuff such as index and mutual funds or real estate funds? I'm not a very big risk taker.... thats probably one of the reason I waited so long to even try to invest. I read this briefly a long time ago, but never initiated in any investing. Basically I have money save up now in the bank, that I wish I could of put into investing when I first started reading. I have about a year save up for emergencies fund, no debts. However, I'm currently in school to get my masters in nursing so I'm only working prn. What are some low risk stocks that I could invest in. I know its not for short-term, so this money will just be invested for the long-term.
     
  7. Ziggy

    Ziggy QUEEN ANON

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    Just learn how to qualify for margin and sell options. Gene editing to the moon.
     
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  8. Dr of Dunk

    Dr of Dunk Clutch Crew

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    If you're talking about really investing :
    • For the most part, stay away from this thread nowadays. lol. No, seriously. lol. No.... I mean it. :D
    • When you say you want to avoid risk, there's always going to be risk in the market. For example, "real estate funds" like you mention encompasses a lot of things.
    • I don't think any single-company stock is "low-risk".
    • Stay away from "stock picking sites". They're mostly full of scammers. This includes most Reddit forums. You'll be buying a bunch of stuff not knowing what it is or why you're doing it. :D
    • Understand what you're buying and tax implications come tax time (what to file, any special tax considerations, etc)
    • Stay away from options, futures, etc. if you're just starting out. Well, there are some options strategies good for beginners but understand stocks, ETF's, mutual funds, etc. before getting into options.
    • Stay away from what are known as "leveraged" funds if you're just starting out.
    • Some brokerages allow you to have what's called a "paper trading account". This is basically an account with say $100,000 of fake money that you can make trades in if you want. It's not real money. It's just to let you test your strategies, understand how to trade/invest, etc.
    • If you're just looking to invest long-term, I'd suggest starting a brokerage account with someone like Fidelity or TD Ameritrade. And when you start it, don't enable margin on the account (most of the time I don't think it'll be enabled anyway).
    • For someone starting out and learning, most people just say buy a mutual fund or ETF that invests in the S&P 500 or the total stock market and let it ride. If you bought into the S&P 500 at the beginning of the year and just forgot about it, you'd be up around 15% today, I think. That includes the market crash. A 15% return is pretty nuts (as in, good) most years.
    • Be prepared to lose money and lose big at some point, no matter what you do. That's the point where you find out if you really believe all the crap you've read. :D

    Two of the best sites to read about investing are Vanguard's and Fidelity's sites. They're the two largest fund families/companies and have good education areas on their websites. You may also want to buy a "for dummies" type book about investing. When I started, I bought a bunch of those. It'll expose you to terms and other things you can then say "I don't know what that means" and you can go research that further. Books are also good because the info is consolidated into one place. If you're looking to just invest in stocks, etfs, funds, etc. you may want to buy a book specific to those and not one where half the book is about buying and flipping houses or something.
     
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  9. Ziggy

    Ziggy QUEEN ANON

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    No options? No TQQQ? PAPER trading? Oh lawdt, might as well be knitting sweaters on a rocking chair.
     
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  10. Sajan

    Sajan Member

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    Me telling others - taking your profits...20-30%...steady wins.
    Also me - 120% ON TRNE NOT ENOUGH! TO THE MOOON.......now 58%
    I was up 25% on WTRH, now -8%. ugh.

    Me telling others - cut your losses and dont hold for too long....-50% takes a 100% recovery.....not easy.
    Also me - -80%, it will moon one day.
     
  11. Dr of Dunk

    Dr of Dunk Clutch Crew

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  12. Dr of Dunk

    Dr of Dunk Clutch Crew

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    lol! :D
     
  13. Cokebabies

    Cokebabies Member

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    Anyone in $GHIV? Not sure how this one went past me when the news broke in September that this would become United Wholesale Mortgage. Iffy on the $16B valuation but their business seems solid (aka they actually make profit). I expect interest rates to stay low throughout 2021 so that should be favorable for them.

    Investor deck at the bottom: https://sec.report/Document/0001193125-20-251764/
     
    #12693 Cokebabies, Dec 10, 2020
    Last edited: Dec 10, 2020
  14. CCity Zero

    CCity Zero Member

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    Absolutely, lol, this is great
     
  15. Rodman23

    Rodman23 .GIF

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    So I bought a few February $2 calls for a stock called SESN about a week ago on a recommendation. it’s inched up a little bit but really Waiting on news for bla. Could run with the sector. Just a thought
     
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  16. saitou

    saitou J Only Fan

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  17. saitou

    saitou J Only Fan

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    What's the catalyst? Pls pm if u can't put in public :D
     
  18. Rodman23

    Rodman23 .GIF

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  19. saitou

    saitou J Only Fan

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    Crwd too, both fell and recovered in tandem.
     
  20. saitou

    saitou J Only Fan

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    Makes too much money. Even pays a dividend. Pass.
     

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