Money Investing megathread extravaganza - Page 708

**DaFace** · 06:35 PM

A place to talk about investing stuff.

MTG#10 · 07-19-2021, 04:38 PM

Quote:

Originally Posted by lewdog

Woof. You gave away half your gains.

Thanks for being honest. Honestly I’m just trying to help and want you and others to succeed.

That number is misleading though because I've taken gains from my Fidelity account twice. The 40% is what they're currently at, not sure how it figures when you withdrawal gains.

I've also made some good money from UWMC dividends that isn't figured in.

rydogg58 · 07-19-2021, 05:04 PM

Quote:

Originally Posted by lewdog

I’m still one of the only ones who posts shit while they do it. I was 90% cash by Thursday and 100% cash by Friday close. Still trying to show this thread you actually need to follow a system of guidelines.

https://www.chiefsplanet.com/BB/show...ostcount=10659

Well, I went 100% out of everything last Thursday also. I was also planning on putting a nice chunk of change into a new vanguard account last week also, but just didn't feel it was the right time. I might do that later on this week.

I already have a Vanguard account that is comprised mostly of their etf's, but was thinking of opening another account just for mutual funds. The reason being, I can have a regular withdrawal into the new fund. I want to have it automatically drop 100 each friday into the account. I've read around and vanguard says that only mutual funds can have automatic deposits on a regular basis. Does anyone else do this? The wife and I both have 401k's through our work, I am just looking for something else that doesn't require me to remember to move money in and out of different accounts.

**lewdog** · 07-19-2021, 05:08 PM

Quote:

Originally Posted by rydogg58

Well, I went 100% out of everything last Thursday also. I was also planning on putting a nice chunk of change into a new vanguard account last week also, but just didn't feel it was the right time. I might do that later on this week.

I already have a Vanguard account that is comprised mostly of their etf's, but was thinking of opening another account just for mutual funds. The reason being, I can have a regular withdrawal into the new fund. I want to have it automatically drop 100 each friday into the account. I've read around and vanguard says that only mutual funds can have automatic deposits on a regular basis. Does anyone else do this? The wife and I both have 401k's through our work, I am just looking for something else that doesn't require me to remember to move money in and out of different accounts.

Yup. That’s how I deposit into my ROTH IRA. Monthly automatic deposits into various mutual funds. Set and forget!

rydogg58 · 07-19-2021, 05:13 PM

Quote:

Originally Posted by lewdog

Yup. That’s how I deposit into my ROTH IRA. Monthly automatic deposits into various mutual funds. Set and forget!

Can you do it on a weekly basis also? I guess it doesn't really matter, it's just that my wife and I are on opposite pay dates so doing it on a weekly scale would nab a little from both checks.

**lewdog** · 07-19-2021, 05:29 PM

Quote:

Originally Posted by rydogg58

Can you do it on a weekly basis also? I guess it doesn't really matter, it's just that my wife and I are on opposite pay dates so doing it on a weekly scale would nab a little from both checks.

I think the most I can do is twice per month.

I just prefer once a month for budget tracking.

Peter Gibbons · 07-19-2021, 05:58 PM

Quote:

Originally Posted by lewdog

I think the most I can do is twice per month.

I just prefer once a month for budget tracking.

That’s not likely to improve with age.

MTG#10 · 07-19-2021, 07:48 PM

AMC is gonna have a good day tomorrow, I can feel it in my loins.

KChiefs1 · 07-19-2021, 07:51 PM

Quote:

Originally Posted by MTG#10

AMC is gonna have a good day tomorrow, I can feel it in my loins.

I want to be rich again.

crispystl · 07-19-2021, 08:20 PM

Quote:

Originally Posted by DaFace

You just love to see retail traders lose don't you?

**DaFace** · 07-19-2021, 09:46 PM

Quote:

Originally Posted by crispystl

You just love to see retail traders lose don't you?

There's a huge difference between your average retail investor and people who are essentially gambling with memestocks. And while I'd be perfectly happy if everyone here did well, I'll admit some level of amusement when people who blatantly ignore all advice on sound financial strategy are surprised when it doesn't go well.

crispystl · 07-19-2021, 09:56 PM

Quote:

Originally Posted by DaFace

There's a huge difference between your average retail investor and people who are essentially gambling with memestocks. And while I'd be perfectly happy if everyone here did well, I'll admit some level of amusement when people who blatantly ignore all advice on sound financial strategy are surprised when it doesn't go well.

There isn't a single person on here (that I've seen at least) that has acted "surprised" or freaked out to any extent when their meme stock investments fluctuated. There's nothing wrong with having a good solid retirement plan, but also swinging for the fences with a small percentage.

Now on the other hand I'll BE DAMNED if there isn't something wrong with pompous negative people like yourself that root for the little man to lose.

**DaFace** · 07-19-2021, 10:20 PM

Quote:

Originally Posted by crispystl

There isn't a single person on here (that I've seen at least) that has acted "surprised" or freaked out to any extent when their meme stock investments fluctuated. There's nothing wrong with having a good solid retirement plan, but also swinging for the fences with a small percentage.

Now on the other hand I'll BE DAMNED if there isn't something wrong with pompous negative people like yourself that root for the little man to lose.

People: "Hey, do you think I should take 10% of my wealth and put it in this slot machine? We can stick it to the casino owners!"

Me: "I mean, the game is rigged for them to win, but you do you."

(1000 posts go by with people talking about how the slot machines are about to go super hot and trying to convince everyone else to play, followed by the slots going cold.)

People: "Well shit, the slots went cold."

Me: "Well, what did you expect to happen?"

People: "WHY ARE YOU BEING SO NEGATIVE??"

Me: "So...are you going to stop playing?"

People: "No."

crispystl · 07-19-2021, 10:25 PM

Quote:

Originally Posted by DaFace

People: "Hey, do you think I should take 10% of my wealth and put it in this slot machine? We can stick it to the casino owners!"

Me: "I mean, the game is rigged for them to win, but you do you."

(1000 posts go by with people talking about how the slot machines are about to go super hot and trying to convince everyone else to play, followed by the slots going cold.)

People: "Well shit, the slots went cold."

Me: "Well, what did you expect to happen?"

People: "WHY ARE YOU BEING SO NEGATIVE??"

Me: "So...are you going to stop playing?"

People: "No."

Sure I understand all of that, but at what point or timeframe was that sentiment exhibited here? I mean maybe I missed it, but I don't ever remember seeing any of that on this site.

MTG#10 · 07-20-2021, 05:51 AM

Literally millions of people supporting a stock that has already cost hedgies (casino) billions isn't really comparable at all to a slot machine. If apes can stay patient, hold their shares and add to them when they can afford it has to pay out eventually.

That's why the hedgies have been paying news outlets and people on stock forums to spread FUD, and also manipulating the price through dark pools...they think we'll eventually crack and sell before they go completely broke having to cover.

Who knows, maybe they're right but I don't think so. It's become not only about making a lot of money, but principle and standing up for the little guy as well. Laugh all you want but this is a movement, not just a get rich quick scheme.

TwistedChief · 07-20-2021, 07:02 AM

Quote:

Originally Posted by MTG#10

Literally millions of people supporting a stock that has already cost hedgies (casino) billions isn't really comparable at all to a slot machine. If apes can stay patient, hold their shares and add to them when they can afford it has to pay out eventually.

That's why the hedgies have been paying news outlets and people on stock forums to spread FUD, and also manipulating the price through dark pools...they think we'll eventually crack and sell before they go completely broke having to cover.

Who knows, maybe they're right but I don't think so. It's become not only about making a lot of money, but principle and standing up for the little guy as well. Laugh all you want but this is a movement, not just a get rich quick scheme.

I'm sorry, but I don't think you know as much as you think you know.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1643101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,117

07-19-2021, 07:48 PM	#10612
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7014386	AMC is gonna have a good day tomorrow, I can feel it in my loins.
Posts: 11,437	2 0

07-20-2021, 05:51 AM	#10619
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7014386	Literally millions of people supporting a stock that has already cost hedgies (casino) billions isn't really comparable at all to a slot machine. If apes can stay patient, hold their shares and add to them when they can afford it has to pay out eventually. That's why the hedgies have been paying news outlets and people on stock forums to spread FUD, and also manipulating the price through dark pools...they think we'll eventually crack and sell before they go completely broke having to cover. Who knows, maybe they're right but I don't think so. It's become not only about making a lot of money, but principle and standing up for the little guy as well. Laugh all you want but this is a movement, not just a get rich quick scheme. Last edited by MTG#10; 07-20-2021 at 06:04 AM..
Posts: 11,437	3 0