Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[lewdog]

Originally Posted by Halfcan

Rookie-I was trading stocks when you were still in diapers. I am invested for the long-term / Div income and have done well. It is pretty obvious that this administration does not plan on doing anything about oil prices or inflation.

I don't feel like taking a ride to the bottom when I can protect my gains and then get back in after the long slide.

BTW I Am invested in ETF's and "solid" companies. Everything has been in a downward spiral and I don't see any good news on the horizon to make things change.

Originally Posted by Halfcan

Buffet has invested in plenty of dogs over the last few years. Maybe if I had a massive war chest like he has- I would do some bargain shopping.

The only thing propping up the economy from a complete collapse is the Real Estate market- which is on the biggest bubble I have ever seen.

All you need to do is look back on the Obama years to see where we are headed. They are talking about $200 bucks for a barrel of oil.

Next big Green day- I am out.

I definitely don't like where we are headed either but choosing to sit out of the market fully because you don't like the president has been proven to be foolish.

And if you missed out on the gains during the Obama years, it's truly my apologies to you, grandpa.

[Halfcan]

Originally Posted by lewdog

I definitely don't like where we are headed either but choosing to sit out of the market fully because you don't like the president has been proven to be foolish.

And if you missed out on the gains during the Obama years, it's truly my apologies to you, grandpa.

Liking or not liking the President has nothing to do with what is happening in the real world.

Gas going up 20 cents a day is unsustainable. I just paid $118.00 for groceries at Walmart- that were less than $100 two week ago- again unsustainable. People paying 30-40% over list price for homes- unsustainable.

If you can't see that the economy is headed for a major recession- my apologies to you as well.

[lewdog]

Originally Posted by Halfcan

All you need to do is look back on the Obama years to see where we are headed.

So are we headed for 150% gains?!?!?!?!

/see the chart on presidents

Originally Posted by Halfcan

If you can't see that the economy is headed for a major recession- my apologies to you as well.

I agree but when and how far that happens in the stock market is hard to know. If you sell now you've already absorbed a 20% loss in the NASDAQ. How will you know when to get back in? What if the market rebounds from here back to all-time highs?

[Halfcan]

Originally Posted by Hog's Gone Fishin

See my post earlier # 12593 and get a clue.

Is that the same post where you made a penny before falling back to even?

I bought into a few energy stocks after the Covid crash. All of them have doubled and are good Div companies.

[Halfcan]

Originally Posted by lewdog

So are we headed for 150% gains?!?!?!?!

/see the chart on presidents



I agree but when and how far that happens in the stock market is hard to know. If you sell now you've already absorbed a 20% loss in the NASDAQ. How will you know when to get back in? What if the market rebounds from here back to all-time highs?

I will still be investing in my 401 k and company stock purchases- the company match will help offset any short-term losses.

I am only looking to protect the gains in my stock account. I am not sure why you think this is such a bad move considering the state of the union.

[scho63]

Originally Posted by Halfcan

The only thing propping up the economy from a complete collapse is the Real Estate market- which is on the biggest bubble I have ever seen.

This is going to pop hard.

I go on Realtor.com a lot and check out the Property History to see what the house sold for last and when.

When I see a townhome of 2,200 sq ft sell for $895,000 when it sold at $375,000 just 5 years ago, you know this shit is going to end bad.

I can't speak to every market in the US but Phoenix area is in a massive bubble and so are many other markets.

Bubbles never end well.

The end will occur when everyone says to buy Real Estate, can't lose.

[lewdog]

Originally Posted by Halfcan

I will still be investing in my 401 k and company stock purchases- the company match will help offset any short-term losses.

I am only looking to protect the gains in my stock account. I am not sure why you think this is such a bad move considering the state of the union.

Well thanks for clarifying because initially you made it sound like you were ALL out across the board.

I'm continuing DCA into my 401k and ROTH IRA but I've been basically 100% cash in my trading account for months as setups for trading have been poor.

[lewdog]

HALFCAN IT’S time to sell.

Green!!!!

[petegz28]

Just like that the gains are gone.......wow

[scho63]

This market feels like........................

[DaFace]

These are the times I'm glad I don't bother day trading. Seems stressful.

[lewdog]

Originally Posted by DaFace

These are the times I'm glad I don't bother day trading. Seems stressful.

It too hard in this environment and if a day trader says they’re doing ok, they’re lying to you and themselves.

[Buehler445]

Originally Posted by DaFace

These are the times I'm glad I don't bother day trading. Seems stressful.

Oh yeah.

I mean rules are there for a reason but yeah not the life I want to live.

[ChiefaRoo]

BBBY

Cohen meme play. Heavily shorted.

[MTG#10]

Originally Posted by lewdog

Still up big? With what? AMC is down 78% from it's all time high. Deciding to die on a hill with real money just seems foolish, all while claiming you're up "big."

He just bought at 15 and his average is still up at 21.32. AMC needs to go up 41% for him to break even from it's current price.

That's math.

And look at that trend line!!!!

First of all, I never bought shares anywhere close to it's all time high, so that's your first dumb comment of this post. The most I ever spent on it was $38. I am still up big when I count how many times I bought then sold for a profit over the last year+.

Second, down 78% from all time high? Who gives a ****, it's still up 47% year over year with MULTIPLE chances to take a profit from it. Sorry not sorry you were too chicken-shit to take advantage.

And charts mean nothing with meme stocks, remember? At least that's what you said a while back...funny how wishy-washy you've been in this thread, but not surprising in the least.

I just did some real math...if I sold every share of AMC I own right now for a loss, my total gains from it would still be right around $12k, so yes I AM still up big. And if you add the money I've made from GME I've built myself a NICE nest egg...bUt iNvEsTiNg iN mEme sToCkS iS sTuPiD!!!