Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[DaFace]

I'm less surprised that Netflix is losing subscribers than I am that it took this long for it to happen. They've bumped their price by over 50% since 2015. That took it from "no brainer" territory (at $10/month) to "is it as good as HBO?" territory at the current $15.49. And now you have others filling in on the no brainer side like AppleTV, which is only $5/month. It's just hard to justify keeping Netflix.

Now, does that reasonably suggest that a 40% correction is in order? No. But it seems like investing is becoming a game of overreactions anymore, so I'm not surprised that it's happening.

[-King-]

Originally Posted by DaFace

I'm less surprised that Netflix is losing subscribers than I am that it took this long for it to happen. They've bumped their price by over 50% since 2015. That took it from "no brainer" territory (at $10/month) to "is it as good as HBO?" territory at the current $15.49. And now you have others filling in on the no brainer side like AppleTV, which is only $5/month. It's just hard to justify keeping Netflix.

Now, does that reasonably suggest that a 40% correction is in order? No. But it seems like investing is becoming a game of overreactions anymore, so I'm not surprised that it's happening.

I think Netflix is looked at like basic cable for most people. It's the base streaming service and the others are specialties.

[Buehler445]

Originally Posted by DaFace

I'm less surprised that Netflix is losing subscribers than I am that it took this long for it to happen. They've bumped their price by over 50% since 2015. That took it from "no brainer" territory (at $10/month) to "is it as good as HBO?" territory at the current $15.49. And now you have others filling in on the no brainer side like AppleTV, which is only $5/month. It's just hard to justify keeping Netflix.

Now, does that reasonably suggest that a 40% correction is in order? No. But it seems like investing is becoming a game of overreactions anymore, so I'm not surprised that it's happening.

They still didn’t break even. It’s one thing to eat losses when you’re on a growth strategy. Those losses are explainable. Now they’re eating losses while trying and failing to expand. That’s pretty gnarly.

[Halfcan]

Originally Posted by scho63

My stocks are getting blown up worse than Mariupol

Yep, I had a huge green day yesterday but gave most of it back today.

Fundrise is my only steady green account lately.

[lewdog]

I've made a whopping 2 trades in the past 2 months in my brokerage account. No reason to give your money back when the market isn't trending in the right direction.

I'm still dollar cost averaging into my 401k at this time for index funds. I am making consistent contributions to my ROTH IRA but leaving some as cash for now.

[neech]

My portfolio was Mike Tysoned.

[Stewie]

Powell is the most mealy-mouthed POS since...

[Pointer19]

Originally Posted by Stewie

Powell is the most mealy-mouthed POS since...

https://www.reddit.com/r/Wallstreets..._sr=1&sr_nsfw=

These guys don't care for him too much.

[lewdog]

Here's a look at some favorite growth stocks that have taken a beating. These are weekly charts going back to the start of 2018. Some back to 2018 levels.

NFLX PYPL ROKU SQ

[Hog's Gone Fishin]

Originally Posted by lewdog

Here's a look at some favorite growth stocks that have taken a beating. These are weekly charts going back to the start of 2018. Some back to 2018 levels.

NFLX PYPL ROKU SQ

My brother always says just buy a stock and forget about it. Look at it in 10 years. This shows exactly why that's not a good approach. AAPL and MSFT you could get away with it but not these so much. Lot's of profit got left behind here.

[lewdog]

Originally Posted by Hog's Gone Fishin

My brother always says just buy a stock and forget about it. Look at it in 10 years. This shows exactly why that's not a good approach. AAPL and MSFT you could get away with it but not these so much. Lot's of profit got left behind here.

I think what people underestimate is the losses you receive from even big name companies in a down turn. The NASDAQ is only down 21% from it's all-time high.

These names are roughly down 71%, 78%, 64%, 69%. This is the danger/risk of owning individuals stocks.

[scho63]

Just look at Cathy Wood. She risked everything in growth.

She's down like 60%. That's a crime for a money manager.

[Buehler445]

Originally Posted by Hog's Gone Fishin

My brother always says just buy a stock and forget about it. Look at it in 10 years. This shows exactly why that's not a good approach. AAPL and MSFT you could get away with it but not these so much. Lot's of profit got left behind here.

I think VC money has changed the game some. I listened to books on Theranos and WeWork and I have one bough about Uber.

Everybody is trying so hard to get on the ground floor of the next Amazon they just don’t look at the business or the finances.

Maybe some of these tech stocks will roll. But like the Netflix one, anyone with half a brain would know they were reaching saturation.

[Hog's Gone Fishin]

Originally Posted by Buehler445

I think VC money has changed the game some. I listened to books on Theranos and WeWork and I have one bough about Uber.

Everybody is trying so hard to get on the ground floor of the next Amazon they just don’t look at the business or the finances.

Maybe some of these tech stocks will roll. But like the Netflix one, anyone with half a brain would know they were reaching saturation.

I wonder how much of an effect the Russian invasion had on Netflix?

They suspended service on 1 million subscribers

https://variety.com/2022/digital/new...on-1235197390/

[Buehler445]

Originally Posted by Hog's Gone Fishin

I wonder how much of an effect the Russian invasion had on Netflix?

They suspended service on 1 million subscribers

https://variety.com/2022/digital/new...on-1235197390/

I read it was 700k. But overall they were still down 200K subscribers domestically and they had forecasted +1.25M if I’m remembering the numbers properly.

So they lost money and did less business. That’s a pretty major shift from where they needed to be.