I would not be shocked. The mega caps alone can do it, like they have through most if the rally. And they have ‘t carted out Kudlow yet. Mnuchin, Cramer and Moderna vaccine “progress” already this morning, so running out of ammunition. :-)
I would not be shocked. The mega caps alone can do it, like they have through most if the rally. And they have ‘t carted out Kudlow yet. Mnuchin, Cramer and Moderna vaccine “progress” already this morning, so running out of ammunition. :-)
Damn.
Getting slaughtered on my three airline stocks.
Up $31k on Monday close.
Two plus days later down $10k for the week
Giles Corey wrote:Getting slaughtered on my three airline stocks.
I think somebody on here suggested flicking those boogers off earlier this week...
the idiot wrote:
Giles Corey wrote:Getting slaughtered on my three airline stocks.
I think somebody on here suggested flicking those boogers off earlier this week...
The same guy that said dump Tesla -- which has gone up 70% in the few months since?
Giles Corey wrote:The same guy that said dump Tesla -- which has gone up 70% in the few months since?
Nope, if you read back the tape, you'll see the idiot who gave that free advice has not ever commented on TSLA.
the idiot wrote:
Giles Corey wrote:The same guy that said dump Tesla -- which has gone up 70% in the few months since?
Nope, if you read back the tape, you'll see the idiot who gave that free advice has not ever commented on TSLA.
Perhaps it was a different idiot.
I dunno. Not going to waste my time searching thru all the comments
Ghost of Igloi wrote:
What I find interesting is many here criticize inequities in the economy, but cheer a market that creates more of the same.
Specific examples, please.
PRD wrote:
bad investor wrote:
Up 42% of $50k of your life savings... nothing to brag about. You don’t invest, you just gamble. Have fun paying all of the taxes from jumping in and out.
You may be the second worst investor here. Obviously, ghost of igloi is by far the worst.
I'm 31 years old and have a net worth of over $150,000. Not extreme, but apparently about the 85th percentile. Considering I only make about $50k/year and spent 5.5 years in school, I don't think that's too bad. I've also spent a total of about 5 months of my life backpacking abroad not making any money during that time. I just live a pretty minimalist lifestyle most of the time.
I normally basically dollar cost average and buy and hold, but I changed things up during the pandemic because opportunities presented themselves. I recognized people were panic selling certain sectors (airlines, banks, energy), bought in near-ish the bottom, held when I was down, and am now up substantially. I made some mistakes for sure, but overall it's worked out pretty well... As of now anyway. You are very right that taxes are going to hurt next year. Under the circumstances it's kind of unavoidable.
Also, the 42% was on my brokerage account. Gains in my retirement account are a lot less as all my money in that is in Vanguard S and P 500 Admiral Shares. I don't really touch that.
Guess I’m glad I’m not gambling my money on airline stocks. Let alone investing significant portion of my net worth on it.
With how much airlines tanked, not sure if 42% gain is that good. Probably much less now.
When you say 85th percentile and being proud, you shouldn’t be. From posting on letsrun as well as having the ability to take 5 months off for backpacking, you weren’t born into some kind of poverty.
I guess it makes sense that there are so many poor people on this thread timing the market and gambling with their money.
the idiot wrote:...I think the day will finish in the black. And you can quote me on that. :-)
Oh boy am I going to have egg on my face! :-)
Wait until 1,499 and then 1,100.
Ghost of Igloi wrote:
Wait until 1,499 and then 1,100.
haha! Don't worry, I'm good for my bet. I will fall on my sword and give over all my dignity if we get there... :-)
Giles Corey wrote:
the idiot wrote:
I think somebody on here suggested flicking those boogers off earlier this week...
The same guy that said dump Tesla -- which has gone up 70% in the few months since?
Valeant and Enron went way up too. Fucking Hertz pumped in this retail dumb-money trumpbucks buying frenzy after declaring bankruptcy. Tesla is hugely overvalued by any metric, and according to some engaged in fraudulent accounting. Caveat emptor.
demark wrote:
Giles Corey wrote:
The same guy that said dump Tesla -- which has gone up 70% in the few months since?
Valeant and Enron went way up too. Fucking Hertz pumped in this retail dumb-money trumpbucks buying frenzy after declaring bankruptcy. Tesla is hugely overvalued by any metric, and according to some engaged in fraudulent accounting. Caveat emptor.
Yeah but you have to admit it's good entertainment
Racket wrote:
demark wrote:
Valeant and Enron went way up too. Fucking Hertz pumped in this retail dumb-money trumpbucks buying frenzy after declaring bankruptcy. Tesla is hugely overvalued by any metric, and according to some engaged in fraudulent accounting. Caveat emptor.
Yeah but you have to admit it's good entertainment
Oh I totally agree with that. It's hilarious seeing a hype man with dodgy hair plugs as some sort of cult leader to brainless millenials on twitter, who are all too eager to buy into the "new paradigm" on Mars or whatever he's selling them.
the idiot wrote:
Ghost of Igloi wrote:
Wait until 1,499 and then 1,100.
haha! Don't worry, I'm good for my bet. I will fall on my sword and give over all my dignity if we get there... :-)
Likewise....
Speaking of good entertainment:
Bear mocking silenced by the market.....it’s forward looking....?
The market is so dumb. What changed in the past few days?
I’m just gonna DCA downward once it’s gets to 2800
Swaglord_the_real_one wrote:
The market is so dumb. What changed in the past few days?
I’m just gonna DCA downward once it’s gets to 2800
DCA once it gets to 2800? How much cash are you sitting out on? You've been sitting out on the sideline this whole time? Are you related to Ghost of Igloi?
You remind me of someone else I know that they're gonna start DCA once Dow reaches 15,000 when the market was free falling in March. Guess that guy missed out since Dow never reached 15,000.
Uncle Sam wrote:
Ghost of Igloi wrote:
Because I have an opinion. My opinion is their time would be better spent doing something that results in real change rather than faux symbolism. That is why decades later we have gone backwards rather than forwards and has little to do with the police.
Protesting is at the heart of American democracy. This “faux symbolism” has led to many positive changes throughout the country’s history and is apparently doing so again. It has, and continues to, move the country forward. Any backwards movements that you observe have more to do with the fool in the WH that you voted for than anything else.
If this is moving forward, someone please just shoot me now.