stock market
- Thread starter Oildudeny
- Start date
I own ETF's...KOIN, LEGR, BLOK, BLCN. I also buy BTC, and ETH on PayPal
Zee09
$200 Site Donor 2023
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I flipped it again today- 3x in one week- big payout............ I know someday it will get me............lol
That said I pull all earnings out and put them in safety. I don't add earnings back in.
Up 5% today
Zee09
$200 Site Donor 2023
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Yeah I took it 50 cents from the top.
Im not greedy...lol
Zee09
$200 Site Donor 2023
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Nothing better than being able to pay your taxes. When the IRS takes hold of you its over.
I understand the sentiment. Too bad we're not allowed to link whatever we like as I think of Dave Chappelle sometimes and his skits and there's a bit of swearing involved after he declares he's rich.
What about a very basic low risk S&P 500 fund on margin ?
Some people have done well this past year with margin account due to tech boom.
I probably wouldn't weight it too heavily. Like maybe go up to 50% of what you can do and you're only allowed to go to 50% anyway. So if you had a 100k, they'd let you do 50k on margin and I'd only do about 25k on margin. Then if the market drops 25%, you'd be limited to 37.5k on your margin account and that won't trigger a margin call. However if you did 80% on margin and had 40k in the margin account, once it went down 25%, I think you'd be forced to cover the shortfall. I think that how Archegos went under, they were at 85% instead of the normal 50%.
Basically it can magnify your gains and also your losses. I suppose maybe a fund that tries to double or triple your gains in the S&P 500 might be better than using margin although that's on a daily basis, on an annual basis, they don't actually double your gains in the S&P 500.
How long are you going to sit this one out? I think the S&P 500 is up another 3% since you made that statement and up about 10.37% year to date.
I suppose maybe now is the time to get out?
Only up about 4.5% for the year, S&P 500 was higher. Although if you had bought it about a month ago when it was under $600 you would have gotten a decent pop. Although bitcoin is now over 63k.My Tesla really popped today.
Looking forward to Coinbase tomorrow....
This is going to be very, very interesting. I think its today, Wed? That trading starts?
As much sense as none of this makes, we may or maybe not be at the cusp of plain old mad money making (and have already made) many ordinary people very wealthy.
For me, its been a godsend in a way, I have a small amount of cyber currency that I just never bothered to get rid of years ago just because it wasnt worth much to me to bother so thought what the heck, maybe something insane could happen, like what is happening now.. Kind of glad I didnt get rid of it.
Bitcoin over $60,000 are you kidding me>> ! *LOL* I also have an old used computer with XRP on the hard drive. Time to dust the thing off, hope it will start up so I can get my coins off of it and to a safe place. Whats it up, like 300% in the last three months?
No way am I promoting this stuff but goes to say, its not bad to have some money you can afford to lose in a small speculative part of your portfolio. I can say, I dont plan on purchasing more, think I will just keep it and look at it in another five years. Who knows. Hard to invest in something that has no product other then the desire of people to own which creates its value until they no longer want to own for whatever reason.
Im a pretty conservative investor at this stage of my life, owning mostly index fund, pretty good holding in WF which sometime this year I may decide to get rid of, its made a nice climb in the last 6 months or so and purchased quite a bit on the way down, including all the way at the bottom.
Anyway, still holding it, also a good stake besides WF I have a fair amount of WMT from around $90 a share back in 2019 sometime. Rest is index funds which we know have done sweet the past year. (edit) Oops! Have a pretty good holding in TMobile too, gone no where to slightly down, only been months, know I am early, and plan on holding for quite some time whatever that means, it is a bit speculative but ... I like the company, today anyway.
Time will tell for me, just holding, I dont follow my stocks day to day, not looking to make a killing, just stable increases, however like us all, sure I would like to be in on the next best thing, just a matter of timing and some luck and honestly, like I said, I dont follow the market that much except to scan over the activity for the day and just sometimes something pops in my head to make me want it.
I may or may not buy some Coinbase its speculative for sure. Being there "first" is a big deal but in time, will all the other investment houses jump on board, if they do, they have much more"product" then just Crypto unless it merges or buy out or, or or... My mind has been polluted by a article I read and want to kick myself for reading it, and that is what this paragraph is based on. Nothing in Coins makes sense except the price people are willing to pay so I, like I have in the past, need to ignore the media.
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Wolf,
I was buying Tesla a year ago before the 5:1 split. I do see some potential in Tesla.
alarmguy,
I bought a few shares of COIN. Trading was suspended for a few hours this morning and later when I checked after lunch it had dropped a bit and got some.
Not really into cryptos but I’ll see what happens.
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I can't trash it too badly, guess I probably have a decent amount in my S&P 500/Nasdaq funds. I think it's one of those things that will just go sideways for a while. Microsoft was a hot stock at one point, but then it went sideways for years. I think the shorts got into it too early and now they're gun shy. I don't think the market they're in can hold onto a first mover advantage for the long term and other companies will squeeze out their profits through competition so that the valuation makes no sense.
TSLA is volatile and is gonna be volatile. I believe they have a long way to go and I am holding onto what I have.
No need for me to repeat the opportunities they have. But no other car company has these opportunities.
They were everybody's 2020 stock of the year; companies don't get that way by accident nor do they fall off the face of the earth.
As long as they do not lose their genuis whack leader, Tesla will continue to return incredible wealth to their shareholders.
You ain't seen nuthin' yet. That's my 2 cents.
I'm going to sit it out until this market sells-off and is oversold again. Yes it may go up some more but I bought in last March so I'm cash'n in my chips. I'm NOT a daytrader. I buy into oversold markets and sell into overbought markets. Right now the COMPQ and IWM are on weekly sells.
I’ve been buying HCA for the past decade, this healthcare organization is considered the Walmart of healthcare. I am very familiar with this company because they are one of my accounts, they run a very tight ship.
HCA is a long term holding for me.
HCA is a long term holding for me.
Nothing wrong with TSLA only being up 4.5% for the year. We are only 1/4 of the way through 2021.
I suspect a rise in shares after the Q1 earnings report that will be issued on Monday 4/26. By all estimates it will be another record quarter.
Wall Street analysts who have a track record of being fairly accurate have a target price in the high $1000 range by the end of the year.
I think that is very possible. And I think a price of $4000 by 2025 has a good chance of occurring as well.
But then again 3 years is a long time and all kinds of world events can affect the market. I sure wouldn't put all my eggs in a TSLA basket. Getting greedy is how you get stung, unless you get very lucky.
I suspect a rise in shares after the Q1 earnings report that will be issued on Monday 4/26. By all estimates it will be another record quarter.
Wall Street analysts who have a track record of being fairly accurate have a target price in the high $1000 range by the end of the year.
I think that is very possible. And I think a price of $4000 by 2025 has a good chance of occurring as well.
But then again 3 years is a long time and all kinds of world events can affect the market. I sure wouldn't put all my eggs in a TSLA basket. Getting greedy is how you get stung, unless you get very lucky.
Market correction question: Before the pandemic a number of people were speculating that we were on the verge of a long over-due market correction. The pandemic has changed everything, and I don't consider the downturn last March as a true correction.
Amongst all the current speculation, some think that the economy might "thread the needle" and avert the natural market correction cycle of our economic system. Any thoughts or opinions? Of course it's all speculation, but I am weighing ideas/options as I approach 1 to 2 years until retirement.
Thank you.
Amongst all the current speculation, some think that the economy might "thread the needle" and avert the natural market correction cycle of our economic system. Any thoughts or opinions? Of course it's all speculation, but I am weighing ideas/options as I approach 1 to 2 years until retirement.
Thank you.
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