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07-13-2021, 12:02 PM | #10591 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1298491
VARSITY
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Quote:
That was definitely my biggest hit today. It's been a great stock for me and I'm still up notably in total on it. But it's dropped 50 percent from its peak earlier this year, and I've got a lot of it. I'm thinking that maybe it was a pandemic darling and now the shine is gone.
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Active fan of the greatest team in NFL history. |
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Posts: 143,244
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07-13-2021, 04:08 PM | #10592 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7194386
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Down 8.86% overall so far this week. Worse two day loss since I started trading stocks.
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Posts: 11,434
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07-13-2021, 04:26 PM | #10593 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Still holding but this has been a rollercoaster ride.
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Posts: 54,038
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07-13-2021, 04:31 PM | #10594 |
MVP
Join Date: Jan 2013
Casino cash: $-214459
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Posts: 10,843
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07-13-2021, 05:11 PM | #10595 |
Veteran
Join Date: Oct 2002
Location: Bismarck
Casino cash: $328196
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I have been completely out of AMC since the upper 40's, but I agree. I think this is one of those things that the lower it goes, the more dangerous it gets. If it drops too low there's going to be a lot of retail that buys it up. If they were smart they would let it trade sideways for a few months and bore everybody out of it.
There's obviously something in AMC that they don't want or can't get out of. It was a good bet back when covid hit to short it into bankruptcy, but that's not going to happen now. I hope it works out for the good guys, and you all make some money. |
Posts: 1,395
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07-13-2021, 05:49 PM | #10596 | |
Starter
Join Date: Mar 2021
Casino cash: $9550400
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Quote:
My biggest regret was not starting sooner. While living the fun life in NYC for a decade, I only put in a total of about $20k into retirement despite working for seven of those years. Approximately twenty years later and that NYC fund is worth $155k. I didn't get serious about retirement funding until moving back to KC in 2003. If I had made the same funding commitment from the beginning I would now be rolling. My wife and I stress this to our kids all the time (as well as the dangers of credit card debt, another mistake from my past life of living large). Short of hiring lewdog to choose them for me, I just don't have the time or smarts to buy individual stocks. But I very much enjoy reading this thread, and root for all of you every day. Even as a mere spectator, it's great theater! |
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Posts: 167
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07-13-2021, 06:00 PM | #10597 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-179523
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Tesla headed straight back to buy zone. God I love this stock!
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Posts: 40,651
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07-13-2021, 06:03 PM | #10598 | |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Posts: 53,803
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07-13-2021, 06:04 PM | #10599 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-179523
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Posts: 40,651
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07-13-2021, 06:23 PM | #10600 |
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Join Date: Jan 2009
Casino cash: $465743
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07-14-2021, 06:59 AM | #10601 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
Casino cash: $-511410
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Go AAPL Go
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“As a nation, we can endure damaging policies for a four-year term. But we cannot survive a president willing to terminate our Constitution”
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Posts: 22,011
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07-14-2021, 09:21 AM | #10602 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $6899
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Quote:
One thing to note (more for the thread than for you specifically) is that there's a difference between target date funds and target date INDEX funds. The former are actively managed and have slightly higher expense ratios, while the latter are passive and have very low ratios. If I found the right fund you're using, you're paying 0.67% per year for it, where an index fund would be more like 0.1% or lower. Not a huge chunk, but that ~0.5% per year forever can make a difference in the long-term. That said, many 401ks (like my wife's) don't have any index funds available. If that's the case, the 0.67% isn't bad really. (You'll find other mutual funds out there in the 2%+ range.) |
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07-14-2021, 09:55 AM | #10603 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7194386
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Gotta keep reminding myself I'm not losing money unless I sell. Worst 3 days now since I've been trading.
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Posts: 11,434
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07-14-2021, 10:18 AM | #10604 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $6899
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07-14-2021, 10:37 AM | #10605 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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