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Extremeskins

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


Springfield

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1 minute ago, tshile said:

Jesus I forgot about that Nokia stock

 

up 13 cents from when I bought it

 

“but nokia actually works in real technology products and could actually be fine!”

 

what a dope I am 

I had that too...

 

I've had all the meme stocks.  For me, it's no different than betting on sports.  It's just action, and something to pay attention to.  However, I'd had enough of my meme stocks.  I deposited $1k to RH and $1k to TDA earlier this year to play around with.  Prior to liquidating what was left of the meme stocks, I was down over 60% between both accounts.  After selling all that off, to buy AMC again, I'm now up 45%.  🤣

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  • 7 months later...

Just ride it out and be ready to buy more when it falls another 20%.

 

 True investing has a multi year timeline and unless something changes in how the company operates that legitimately changes your long term expectation, you hold.  For example, I had been a big believer in Zillow, but when they announced they were pulling the plug on home purchases, I was no longer interested in their prospects, so I sold.  
 

Big believer in “time in the market” rather than “timing the market”.

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6 minutes ago, 86 Snyder said:

Just ride it out and be ready to buy more when it falls another 20%.

 

 True investing has a multi year timeline and unless something changes in how the company operates that legitimately changes your long term expectation, you hold.  For example, I had been a big believer in Zillow, but when they announced they were pulling the plug on home purchases, I was no longer interested in their prospects, so I sold.  
 

Big believer in “time in the market” rather than “timing the market”.

Agreed.  Though I’m still long with Zillow.  Would be nice to have sold this time last year, but I’m still up 35% with it.

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This is a pretty good drop. My stocks started feeling it mid-November. I have money ready to average down on a few and possibly double my shares on some others. Naturally I bought some AMD and Apple at their last peaks lol. My timing is awful...sell and then it skyrockets, buy and it drops.

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On 6/2/2021 at 8:33 PM, Springfield said:

I wish I still had my AMC positions from January…

 

BB is putting in work for me now though.

Yeah? I’ve made 0.08 per share on Nokia. 
 

 

14 minutes ago, Metalhead said:

This is a pretty good drop. My stocks started feeling it mid-November. I have money ready to average down on a few and possibly double my shares on some others. Naturally I bought some AMD and Apple at their last peaks lol. My timing is awful...sell and then it skyrockets, buy and it drops.

You should share your moves so the rest of us can fade them ;)

 

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It’s funny cause I’m so detached because my life is just a crazy mess and has been for going on 3 years now. 
 

everyone’s freaking out. I log into my account. I’m still up about 40% since Biden took over. Wtf everyone complaining about…

 

😂😂

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  • 1 month later...

It keeps getting worse for stocks. Dow sinks and enters what's called a correction

 

Stocks sank on Monday, with the Dow Jones Industrial Average falling nearly 800 points after crude prices touched their highest level since 2008, raising fears about the global economy.

 

The Dow now joins the S&P 500 in what's called correction territory, or a drop of more than 10% from recent highs. Meanwhile, the S&P 500 lost nearly 3% on Monday to post its worst daily loss since October 2020.

 

The Nasdaq fell more than 3%. It has now entered what's known as a bear market, or down more than 20% from its record high in November. The Nasdaq had been flirting with a bear market in recent weeks.

 

The declines extend what has been a miserable year for Wall Street, with all three indexes falling in each of the previous two months.

 

The S&P 500, for example, lost $1.08 trillion in market value on Monday and has lost a total of $4.76 trillion for the year, according to S&P Dow Jones Indices.

 

Investors were spooked after U.S. Secretary of State Antony Blinken told CNN on Sunday that the U.S. and its European allies were in discussions to potentially ban oil imports from Russia after the country's invasion of Ukraine.

 

The U.S. and Europe have so far avoided directly sanctioning Russia's energy exports. Adopting such a move would mark a major escalation from the current round of comprehensive financial and economic sanctions.

 

The news briefly sent Brent crude, the global benchmark, to above $130 per barrel, its highest since 2008.

 

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23 hours ago, abdcskins said:

So the brutal year continues, but if you happen to own any oil stocks then you are making huge gains.  Chevron stock, for instance, has gone up 30 dollars in two weeks.  

I picked up some Chevron and Exxon for their dividend back in March of 20. They've both done exceptional since then. Everything else? Ouch!

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  • 1 month later...

The Porn Star Banging Men Into Not Buying Crypto and NFTs

 

When I socialize with men, I used to hear them discuss sports gambling. Now, they brag about investments in cryptocurrencies, NFTs, meme stocks, buzzy SPACs, and shady tech ETFs. I would approve of these so-called assets if I knew my bros only spent what they could afford to lose, but my dude friends keep telling me, “These are the best investments I can make. I’m going to make a killing. I’m putting all my money in this coin, and you should too!”

 

“You should have a diversified portfolio of index funds and ETFs,” I say.

 

“You don’t know what you’re talking about, Cherie,” they reply. “You need to watch this YouTube video and do your research!”

 

Every woman I know has had this conversation with men in their lives. Since March 2020, more and more men have traded stocks every day. They’ll buy one tech stock and sell the next based on advice from Reddit. Even worse, many are piling their future retirement money into bitcoin or the one thing more speculative than bitcoin: sketchy new cryptocurrencies pumped (and later dumped) by influencers, celebrities, and even porn stars. When women try to talk sense into men, we all hear the same reply: “Go do your research!”

 

I’ve done my research, and I’ve found that people who invest in speculative manias lose their shirts. Everyone from the Securities and Exchange Commission to researchers in Taiwan see that most day traders lose money. Most professional traders lose money, too. Between 2011 and 2021, the S&P 500 index fund outperformed “top” hedge funds. The average joe should put their investment funds in a Roth IRA or IRA invested in diversified index funds and ETFs. Under no circumstances should anyone invest their entire retirement in a new cryptocurrency promoted by an Instagram model or obnoxious tech CEO.

 

When I sent this actual research to my male friends, they were uninterested and told me I was behind the times. Men are basically ****-blind to cryptocurrencies. So, I decided to teach them a lesson or two with my actual ****.

 

On Tax Day, I’m releasing a porno called Suze Whoreman. In the film, a heterosexual couple struggles because the male keeps wasting money on NFTs. His girlfriend takes him to see a financial adviser, thinking she’s the lesbian finance icon Suze Orman, but it’s Suze Whoreman (played by me, of course). I then dominate the male until he starts investing in index funds and ETFs instead of ape-branded crypto junk. By the end of our **** session, he’s an index fund-addicted Boglehead.

 

ad5a258012c1f5f309f41a0e8b84cc5f

 

The video sounds ridiculous, but we need to act silly to straighten out male finances. Men love crypto, monkey NFTs, and speculative assets because they appeal to men’s risk-prone brains. According to the National Library of Medicine, 150 studies show that men take more risks than women, and men are twice as likely to gamble as women. Men refuse to listen to investment advice because it’s boring. Meanwhile, gambling addiction specialists told CNBC that Robinhood (day trader’s favorite app) resembles a casino. Women are OK with boring advice (Fidelity Investments found women invest 40 percent better than men), but we need to teach men in a way that will get their attention. And what do men love more than gambling? Sex. I’m educating through porn because it will get males’ attention.

 

Click on the link for the full article

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