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Extremeskins
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No Excuses

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Posts posted by No Excuses

    Let's talk about investing! Stock market, ETF, etc.

    in The Tailgate

    Posted

    5 minutes ago, skinsfan_1215 said:

    I think you’ve gotta take a look at the holdings of the ETF and decide if any are currently overvalued. I wouldn’t touch Tesla right now... and any ETF’s that are made up largely of Tesla are off limits for me for now. 
     

    I’ve had good success the past few months with QQQJ, Invesco’s “next gen top 100” ETF. QQQ is their well established top 100 fund, while QQQJ is more focused on the next 100 (nasdaq 101-200), more oriented toward growth. Good mix of tech, biotech, pharma, etc. It’s been running way ahead of the SP500 since its inception. 


    TSLA is down 3.5% the last week and ARKK is still up 4.5% in the same time frame. 
     

    The ARK ETF’s aren’t for everyone, but if you have a bullish outlook for tech in general, there’s few better options than their ETF’s for tech exposure. 

    Let's talk about investing! Stock market, ETF, etc.

    in The Tailgate

    Posted

     

    15 minutes ago, Corcaigh said:

    Historically tech stocks crush the broader market during bull periods, but suffer much more during bear markets. I know of several people who were overly-greedy leading up to the dot com crash and destroyed their retirement, when with a broader index they would have been just fine.


    Not a problem when you are still ~40 years from retirement. 
     

    I’ll switch to safer funds in a few decades but no reason not to ride the bull market and tech explosion right now and hold through bear markets. 

    • Like 1

    Let's talk about investing! Stock market, ETF, etc.

    in The Tailgate

    Posted

    Well managed Tech ETF’s will probably continue beating index funds on returns. ARKK is probably the best tech ETF and it has crushed VTI over the past five years. Should you put all of your money in just one sector, absolutely not. It’s good to have a healthy chunk of your portfolio safely parked in low risk index funds. It’s also beyond silly at this point to not see how tech is simply on a different playing field. Do what you want with your money, but if you think we are only headed towards more digitization and automation, you would probably do well to position some portion of your portfolio towards tech.

    23 minutes ago, skinfan2k said:

    keep investing in SPACs!


    A lot of SPACs look like scams, be careful out there.

    • Like 2

    Let's talk about investing! Stock market, ETF, etc.

    in The Tailgate

    Posted

    1 hour ago, EmirOfShmo said:

    Weed stocks are lighting it up in pre-market today - SNDL, APHA, TLRY, HUGE, CRON


    Most of the weed stocks are all Canadian companies and I am skeptical that they’ll make inroads in the US.

     

    There’s a marijuana ETF called MSOS which bundles American weed companies. Keeping my eye on it as talks of decriminalization and federal legalization keeps heating up. 

    • Like 1

    Bloomberg: How WallStreetBets Pushed GameStop Shares to the Moon

    in The Tailgate

    Posted

    8 minutes ago, tshile said:

    Wife’s home. 
     

     

    how am I supposed to explain what Nokia is without answering how they went from being a big phone company to that

     

    i don’t think she’s ever heard of Reddit before


    Hey man, they are a key player in the 5G sector. Nokia isn’t a bad long term hold. They aren’t going out of business any time soon and they have a lot of upside. Hold!

    • Like 2

    Let's talk about investing! Stock market, ETF, etc.

    in The Tailgate

    Posted

    1 hour ago, tshile said:

    Whatever you think the fallout to robinhood is (barring legal/sec fines or whatever), I think it’s likely they weighed that against protecting their parent company interests, and their parent company interests were far more important. 
     

    hell they could take the same platform and rebrand it down the road and most people wouldn’t even know. 
     

    but I’m guessing the billions lost and client relation nightmare of the parent company far outweighed their cheap access to stocks for us normal people profit model. 


    Even any potential SEC fine will probably be a slap on the wrist. The finance sector sucks ass and does shady crap because none of them are under the threat of serious prison time. 

    • Like 1
    • Thanks 1

    Bloomberg: How WallStreetBets Pushed GameStop Shares to the Moon

    in The Tailgate

    Posted

    WSB went from 1 million subs to almost 4 million in less than a week. Lots of people probably opened Robinhood accounts. Millennials to this point have been mostly locked out of institutional finance and this is really the launch of a phenomena no one anticipated.
     

    Instead of hating, I find this is utterly fascinating. Democratized FinTech for a generation that is drowning in student loan debt and stagnant wages, that has now seen two major recessions in the first 10 years of their working careers. No one knows where this is going but it’s going to be a wild ride.

    • Like 2

    Bloomberg: How WallStreetBets Pushed GameStop Shares to the Moon

    in The Tailgate

    Posted · Edited by No Excuses

    6 minutes ago, Burgold said:

    That's one way to look at it. The other is that this seems to be the grossest sort of market manipulation. Neither this stock nor Bed, Bath, and Beyond, nor AMC Theaters deserve this valuation under any metric or forecast of growth and profit.


    What an over exaggeration. it’s a bunch of millennials on a subreddit talking to each other and just saying “we like the stock” and posting diamond and rocket emojis. 
     

    Instead of calling them gross market manipulators, consider for a second why they can even be in a position to take a ****ty stock like GameStop and sky rocket it to where it is now. The answer is that Wall Street has a history of doing moronic things and getting bailed out, and it has to this point never faced this kind of coordinated attack against their incompetence by completely average people.
     

     

    • Like 2
    • Thanks 1

    Bloomberg: How WallStreetBets Pushed GameStop Shares to the Moon

    in The Tailgate

    Posted

    32 minutes ago, stevemcqueen1 said:

    This is a goldmine.  Reddit is swept up in gold fever.  The democratization of the market via no-fee investing apps plus investment advice/culture spreading chaotically through social media platforms with no entry barriers is colliding with this sort of working class hopelessness and populist zeal for striking a blow against wealth inequality.

     

    This feels dangerous.


    There is going to be a big push by the finance sector to make their activity even more opaque to the public. Millions of people coordinating in concert to tank hedge funds within weeks is not going to sit well with our oligarchs.

    • Like 3
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