Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[KCUnited]

You can add my employer to the growing list of corporations cutting staff

Announced a 10% bloodbath yesterday morning. Mostly manager/director level and unfortunately a lot of our analytics teams were let go as budgets shrink

Outside of my boss, a couple peers and a number of others that I've crossed paths with over the years, my role wasn't impacted, but man, survivors guilt is real

Stay safe and well positioned out there

[SurroundedByMorons]

Originally Posted by KCUnited

You can add my employer to the growing list of corporations cutting staff

Announced a 10% bloodbath yesterday morning. Mostly manager/director level and unfortunately a lot of our analytics teams were let go as budgets shrink

Outside of my boss, a couple peers and a number of others that I've crossed paths with over the years, my role wasn't impacted, but man, survivors guilt is real

Stay safe and well positioned out there

Yeah, it is getting scary out there. I saw farmers insurance announce 11% reduction. You willing to say who your employer is or the industry? My employer (tech) was rumored to cut ~25% this month, local employer T-Mobile just laid off "back office" folks which is code for IT people. I am told the numbers are much higher due to contractors, consultants, etc not being included in the official reduction numbers.

[ghak99]

Hate to hear that.

Tyson is quietly murdering the shit out of things right now. Insiders claim the problem started during the shutdown and they rode the rail all this time trying to get ahead of the issues. Demand, especially for chicken, is really high and it doesn't even matter. New guy has been implemented and is quickly sending them down the road of eliminating the inflated wages and replacing with automation. More locations will be announce as being on the chopping block soon.

I've been surprised at how well the rate hikes have been accepted. That figure is quickly becoming a serious line item on the budget.

[scho63]

Originally Posted by lewdog

Everyone post what stock is your biggest individual holding.

I’ll go first.

PYPL as a long term position started over the past year for me.

AAPL - over 26 years. You don't want to know my CB or you will cry. I really can't sell or else I would pay gains on about 96% of the sale.

I use margin to borrow against it.

[lewdog]

Bloodbath!

We might test the 200 day MA if we keep this up.

[myselff77]

Originally Posted by lewdog

Bloodbath!

We might test the 200 day MA if we keep this up.

It's been a painful quarter.

[myselff77]

Originally Posted by Hog's Gone Fishin

Have you followed this guy long? At least lately, he seems to post a ton of content all basically touting the same thing.

What's everyone's predictions on a major bull run in crypto happening 12-18 months from now with as large of growth as he's suggesting?

[Rain Man]

Originally Posted by myselff77

Have you followed this guy long? At least lately, he seems to post a ton of content all basically touting the same thing.

What's everyone's predictions on a major bull run in crypto happening 12-18 months from now with as large of growth as he's suggesting?

I stay out of stuff I don't understand, and crypto is something I don't understand.

We had such a great first half of the year. I was hoping we could keep it going. This quarter has not been ideal. But I also think that we can see the code. The Fed raises rates and the market goes down. The Fed doesn't lower rates and the market goes down. At some point the Fed will lower rates and I have a prediction about what will happen. This seems like a good buying opportunity for those with some risk tolerance.

[myselff77]

Originally Posted by scho63

AAPL - over 26 years. You don't want to know my CB or you will cry. I really can't sell or else I would pay gains on about 96% of the sale.

I use margin to borrow against it.

How does this work? Is it basically like a normal loan just backed by your AAPL position? Are you just paying the interest each month while investing in something else with the assumption that investment is growing at a larger percentage that the interest rate?

[scho63]

Originally Posted by myselff77

How does this work? Is it basically like a normal loan just backed by your AAPL position? Are you just paying the interest each month while investing in something else with the assumption that investment is growing at a larger percentage that the interest rate?

I usually have cash flow to pay it when due. I never go deep margin. 10-15%.

[scho63]

Also I may margin out some stocks when the market is moving higher across the all stocks.

About 70% of the time my portfolio is growing. Times like this month not so much.

[younginvest]

I've recently developed an interest in the stock market and want to start investing. But, I'm not too sure about the age requirements for opening an investment account and buying stocks. So, my question is: How old do you have to be to invest in stocks?

[Buehler445]

Originally Posted by younginvest

I've recently developed an interest in the stock market and want to start investing. But, I'm not too sure about the age requirements for opening an investment account and buying stocks. So, my question is: How old do you have to be to invest in stocks?

I don’t know if there is a limit. It should say on the application.

[scho63]

Originally Posted by younginvest

I've recently developed an interest in the stock market and want to start investing. But, I'm not too sure about the age requirements for opening an investment account and buying stocks. So, my question is: How old do you have to be to invest in stocks?

You can open an account "in trust" if you are under 18, opened by parent or guardian.

Once you hit 18 you're on your own.

[seamonster]

Some poor bastard gave up on life and made a 45,000x return on his investment:

Trader Turns $22,000 Into $10M In One Day: Insider Trading Or Genius In Cisco-Splunk Deal

Unless he escapes to beliez he's going to be spending some quality time in Leavenworth.