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Yep. Everyone here are gamblers. We were all brought here because we are or were degenerate fantasy football players.
Wow. Sun Microsystems flashback. That was a 10 bagger for me when I was in my 20s. Good times.
My only real reaction was when he said that gambling became investing because the odds favored the trade here. Not a big deal.
This thread has it all. Sure, there’s a lot of chatter about quick trades. Most of those, to me at least, are entertaining and rarely acted upon (though someone here convinced me to flip NCLH when it inevitably bounces from 15 to 16, thanks FBG!) To me, the trades are the gravy. The meat and potatoes are the posts from professionals (self-professed, of course) on investing. There’s no shortage of those and I encourage us all to balance our speculation and “play money” with our core investments.
In that case, would you like to pay my short term capital gains tax for me this year?
Nothing is more tedious and dull than a semantics debate.
When I said roulette paying more than 100%, I meant Vegas payout. Like Blackjack pays out something like 98.5%. That means if you bet $1, you'll get 98.5 cents back on average. I realize I'm not going to double my money on a day trade. I usually look to get 5% or 10% gains on my short term trades. I've occasionally gotten lucky and gotten a 20% or 30% gain. But usually I sell before that can happen.
Vacation this week will limit my activity. Everything seems pricey right now after the discounts last week but haven’t run enough to take profits
Time to protest at VelocityShares HQ.So of course UVXY is down
Kind of where I'm at. Deployed a lot of cash over the past couple of weeks. Not ready to sell off or take some of those profits just yet.
I hope that was due to my rec on Thursday when it dipped! That said, I actually like it long term. They have good food and they are growing like a weed. Up 70%+ right now but I think there’s a bunch more room to grow.
Yep. Just along for the ride right now. I won't sell, but I'm not buying extra. Most months I'll throw whatever is left after the automatic investments and bills into my regular brokerage. This month I'll probably just keep the extra cash on hand. I'm expecting more drop into November, but without the conviction to sell much.
Yes, just wanted a quick gain with it to go into something else longer term. I do wonder how the SEC checking into SPACs will impact them in the future.
It’s nice to see other people mention stocks you own. I bought back in January at $96. Above the bottom but before the run up in February/early March. It definitely jumps a lot up and down. I did see an interesting article that talked about them being a threat to Tesla in terms of batteries or energy storage. Always good to see mentions of areas they could be expanding business.
I'm used to it. Was a middle child, always passed over as a kid and got big bros hand-me-downs. Now, have a wife and daughters, and it's always about them or girly stuff.Someone's hit at 27.50, just not yours
Honestly don’t think it’s going to matter much unless the big banks are able to get them slowed down. For every NKLA, there is a LK and more. I definitely think you’ve got to do your due diligence but I don’t think these companies are any different IPOs, well at least now. Seems like they are popping up even more so it may be smart to stick with the well known guys/institutions that have already done successful ones.
Thought I heard/read something last week (CNBC?) that there have been over 130 SPACs, listed and pending, for this year alone.
Probably. I’m in a bunch right now. Some I’ll keep for a while since I know who they merged with but the rest are more well known ones. I’m sure there are some bad ones just like there’s bad stocks. I’m at my fill right now.
I never end a buy or sell order with a zero. My sells end in 9 (or 7 or 8). My buys end in 1 (or 2 or 3). Same with blind bidding in fantasy football. Countless times I've eked out other bidders who bid exactly 125, 250, or 500.
Good point and I will do that at times. I'm not really bummed about this one since I believe it will hit 30 again and really wasn't expecting 27.50 to hit today. DPHC can swing so much in a day that had it hit I would have set a buy limit right away on for a downswing.
I put 28% of my 401k into the vanguard total international etf. Typically nothing matches the US market but I feel like that's going to change in future.
Heard somebody make a case against EM in the near term. Can't recall where it was now. Will see if I can find it.
Looks like I’m about 15% International. I actually use the year target funds a lot I my 401ks. I don’t do bonds or much international in my trading accounts so I use the 401ks as my balance. Seems like they are closer to 30% international but I don’t have it all in those. I may have to play around with the allocations but I am going to roll my wife’s old one over to a brokerage IRA, so we’ll only have the two active ones.
I have very little in specific international funds to be honest. I feel like Globalization has moved the markets closer to being in sync and there is less knowledge and oversight of foreign markets. So I mostly stay in US stocks. Probably should be closer to 10-15% though, just as a hedge if I'm wrong. But international markets have been dogs for a while now.
@JerseyToughGuys
There are just a ton of companies (Food, energy, tech) that aren't based in the US or traded on a US exchange. I hear you on the oversight but a lot of the top companies are based in EU, SK, Japan, etc and I'd honestly trust their government regulators more than those in the US.
Aside from SE or other specific companies?
I would if I had that option in my 401k. I'd actually prefer an international etf without Chinese companies since we've seen some creative accounting practices from some of them...
Yeah, have to watch out a bit there. I was reading about that Ant Group which was part of Alibaba. They said something that struck me. They had done $17 trillion in transactions in the last 12 months and listed the number of users. It came out to $30k per user and that was all in USD. The average income in China is $10k. Just struck me as off. Of course it’s going public soon.
MIL has been in international for the last 6 yrs. down about 5 % over that time. I don’t see the draw when the us market will make you rich
My 401K is miniscule compared to my other investment accounts. This is pretty much my only EM exposure.
30% is far too much in EM, IMO. but some diversity makes sense. I get that the US companies both have done well and many have large international exposure, and the world is more connected than ever. But I figure the US will stop being King at some point. Hopefully not in our lifetimes but I think we'd be fools to think it's impossible for us to start falling relative to other countries, or to overlook the chances that other countries grow faster than the US over the next 50 years.
Yeah I keep going back and forth on this. I feel the same but nailing the time frame is tough.
