A lot of tone is lost via text, sadly.
stock market
- Thread starter Oildudeny
- Start date
Carl Icahn tried, he wanted AAPL to start paying its run up in cash as dividend. He failed, then he spread the project Titan rumor about Tesla building cars, shooting the stock to $127.
I sold at $120 because I sense that it was a bunch of bull and I need the money. It went back down to $100 in a month. Then the next year info leaked out that Carl sold already.
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Both GameStop and AMC are dying companies. Hedge funds try to extract value from these companies. Sometimes it’s successful, sometimes not. The average investor has already decided to stay far away.
Sears is a good example. Lampert bled Sears for years spouting about the real estate value. Smarter investors stayed far away. They knew Sears was dead long before Eddie Lampert got a hold of it and they also knew the real estate valuation was way overblown. As the decline of malls in the US started to gather speed this became obvious as Sears mostly located their stores at the ends of malls which held the least amount of value and foot traffic.
Every investor needs to perform their due diligence.
Sears is a good example. Lampert bled Sears for years spouting about the real estate value. Smarter investors stayed far away. They knew Sears was dead long before Eddie Lampert got a hold of it and they also knew the real estate valuation was way overblown. As the decline of malls in the US started to gather speed this became obvious as Sears mostly located their stores at the ends of malls which held the least amount of value and foot traffic.
Every investor needs to perform their due diligence.
Haven't had a 401k myself for years. Rolled it into an IRA. You can easily have an IRA, Roth IRA or just regular money invested in the market.
These ups and downs don't stress me out either. Playing with LOTS of house money. Market up tremendously in the last two years. S&P 500 up 31.47% in 2019 and 18.40% in 2020. $10,000 invested 2 years ago would leave you with a tad under $14k at the end of the year. That 10k 10 years ago would be more like 35k.
https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/315911750
https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/
Sometimes it's a bit too much. I'm not sure any of us are asking to be "saved" by censorship. I'm not sure where it really helps. Locking a thread that has a lot of pros or cons before the other side can get in doesn't necessarily help either. Lots of misinformed people out there and the other side can present information the other party may not have.
I've just bought property instead. I do not like the concept of electronic goods. I may only be 35, but I'm going on 95, and growing up with an Oma that told me how WWII German banks did her...maybe some of my views are old, but like a horse or a revolver, they work.
We don’t censor. We do lock when the discussion gets ugly: bickering, personal attacks, and the like.
The lock, deletion of posts and threads, warning, and if neededare tools used to maintain BITOGs standard of conduct.
Those tools have not, nor will they in this discussion, be used to promote or diminish a particular side of the argument. It’s unfair to imply that they would be.
Apple was a dying company before Steve Jobs came back (they had 90 days of cash), AMD was a dying company before Lisa Su split it off and sold the fab to Global Foundry. The point is, it is not up to the short sellers to decide if a company should die or not, but it happens all the time because sometimes the better deal is to raid a company and not saving it.
Is it only ok if Citadel and Mervyns smell blood on GameStop and AMC and bite, but not ok for the flash mob to smell blood on Citadel and Mervyns and bite them back? Do you think if Citadel and Mervyns had their eyes on the death sentence they will not do everything they can to prevent a white knight from showing up and save these 2 companies? After all they already buy out every single major media to smear WSB. They already place the bet and it is a death sentence, they will carry out the execution. They don't want a Steve Jobs or Lisa Su to show up and save these companies.
Maybe your hospital does not, but most off a 403b which is similar.
Most hospitals have a 403b match of around 50% up to 4 or 6 percent. I.E. if you contribute 8% they match 1/2 that.
If they do you are missing out on free money, which may not seem like a lot, but over 20 years is a significant amount.
Didn't mean to imply that they promote or diminish a particular side. They just eliminate the argument completely so if anyone was following, one only sees a particular side before things completely disappear. And because moderators are people, some seem to go on for a while while some completely disappear so sometimes there's no rhyme or reason why some remain and others don't.
Reminds me of the bit where if all you have is a hammer, everything looks like a nail. Or Rome burns while Nero fiddles.
So, you're already down over 10%, with the DOW at 30k + now and that was after a couple of recent down days.
When will you get back in? When it goes higher and the FOMO hits? When you've already "lost" 25% of the money you could have had, then you'll really be ready to buy in? Or if the DOW drops 10% back to 27k - will you buy then? Or think that you were right and it will keep dropping - will you buy at 26,500? 25k?
What if it never hits your magic number? What strategy do you have? Gut instinct?
Have you implemented this "strategy" in the past? Did it work? Did it not?
Hold a diversified index fund (SP500 is better than dow or nasdaq, better yet, total stock fund), and invest all the money that you can.
Savings rate is a greater predicter of future wealth than rate of return.
I'll say that again, because I hope it will sink in to everyone who reads this thread and is looking for investing "tips":
Savings rate is a greater predicter of future wealth than rate of return.
I know about all those inverse ETFs.
I meant creating an ETF for those vulture type investors and cherry picking the companies on the verge of dying.... like Sears, Cheesecake Factory, etc...
The GME thing was fun to watch. This is capitalism at it's finest. The hedge fund owners get no sympathy from me; they were beat at their own game. I think it's starting to be interesting to see who backs who now.
Now to see who else get trolled by reddit.
Now to see who else get trolled by reddit.
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GME was over shorted and they pounced. I made some money buying GME for $38 last week. Wish I bought more! A lot more.
Stocks are not priced in reality. They are priced at what people want to pay. Lots of hot stocks are way overpriced compared to more boring companies but that's the way it goes. As long as people are not spreading lies or committing fraud how to stop a million people from banding together on a mission when they want to. I just love how Robinhood wants to protect us average Joes from losses when they really ran out of money themselves and had to borrow more to stay in business. Didn't we learn anything about over extending margin positions in 1929.
Looks like that’s how things are going to play out with big $$$$ stimulus being put back into our economy and markets.
Nothing wrong with that.
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