Investing General Discussion

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,743
I gotta ask some of you a question. Its been nearly 2 years since Black Monday. Literally close to 10k posts in this thread since then. After all this time and info, I still see some of you doing the same shit the same way you have always done. Making the same trades, on the same types of stocks. Is there a point where you go "maybe I should change my strategy and try what some of the other guys are doing?"

Not that any of us dont grab some dogs, we all do <cough, VZ, cough>. You realize the trade is shit and you cut your losses before they pile up and move on to the next trade. But as I am looking at my portfolio for year end balancing I start thinking to myself of some of the names some of us have brought forward with recommendations and the rational behind it. Not all these stocks are s3xy or making 1000% returns, but they just constantly produce alpha year after year after year.

I look at something like ABBV. I think only Blazin Blazin and myself are in it. Its not a meme stock nor will it give you 100% return in a year. But damn if it doesnt give me 30% in stock appreciation plus close to a 7.5% dividend yield at my cost basis. All it does is print money. It got yacked about a month ago and was down a good 15% a month or two ago. I know Blaz and I both added to it. It bounced and is up about 30% from that dip.

AAPL is another one. It gets talked about a ton here but how many have actually went long the stock. A few months ago it was testing $120. Again I know Blaz and I added down there. Its hitting $180 this week.

HD printed off a string of 52 highs I couldn't believe. I think I might be the only one who ones it.

UNH is another beast. It just prints money year over year.

And of course there is NVDA.

I'm not patting myself or anyone else here on the back for their picks, what i am trying to say is you are getting financial advice here for free that a financial guy will be charging you 1%+ a year to give you. And I am willing to bet the advice here is better than 80% of the shit you would pay for.

I really hope some of you take the next few weeks before year-end and honestly look at your investing and portfolio and change your strategy. We have talked enough about basic technical analysis that most of you should have a basic understanding. Ask about stocks and entry points. I am sure you will get some answers.

Buy quality, hold it for the long ride, let your winners run and cut your losers short. If even one of you turn it around in 2022 then the time I spent typing this was worth it.

ps.. And fuck margin.
 
  • 7Like
Reactions: 6 users
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,971
16,990
Sanrith Descartes said:
Buy quality, hold it for the long ride, let your winners run and cut your losers short. If even one of you turn it around in 2022 then the time I spent typing this was worth it.
Click to expand...

The "hold for the long ride" and "cut your losers" I think is something I still don't recognize or really understand. By and large day-traders do a ton of work to make less than the average after taxes and fees and I zero desire to be a part of that group.

I'm different than a lot of people here in that I don't sell what I buy. I'd rather HODL for a decade and avoid tax events and let that money roll-over. I'm looking at putting all my money in stonks/crypto in my mid-30's and let it grow.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,743
Tmac said:
The "hold for the long ride" and "cut your losers" I think is something I still don't recognize or really understand. By and large day-traders do a ton of work to make less than the average after taxes and fees and I zero desire to be a part of that group.

I'm different than a lot of people here in that I don't sell what I buy. I'd rather HODL for a decade and avoid tax events and let that money roll-over. I'm looking at putting all my money in stonks/crypto in my mid-30's and let it grow.
Click to expand...
Ok so think of this. You see a stock dip. Let's call it INTC. It closed at 50 and plunges on earnings. It has support at $45 (10% down). It's a quality company that makes lots of money. You put an order in at $45. It fills at the open and levels off at $44. The next day they restate their earnings lower for next quarter and push out their newest chip design by a year. It drops the next day to $40. You are now 10% down. I sell here and cut my losses because the fundamentals have changed (lowered guidance and delay of new product). My view has changed and its no longer a $50 stock. I eat the 10% loss because I know longer have faith the stock will recover based on the additional news and it might continue to drop and take many months to recover.

That is an example of cutting losers short.

The Instinct for many is to double down and dollar cost average. The only time that is a good play is if you feel the fundamentals you bought haven't changed and the selling is continuing for no reason besides emotion. DUCO is a good example of a time I doubled down. What was in their earnings did not justify the level of selling I saw.
 
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,971
16,990
Sanrith Descartes said:
I know longer have faith the stock will recover based on the additional news and it might continue to drop and take many months to recover.
Click to expand...

So, I don't care if it takes many months to recover. I'd rather buy the recovery and lower my cost-basis or just let it recover on it's own.

Sanrith Descartes said:
The Instinct for many is to double down and dollar cost average. The only time that is a good play is if you feel the fundamentals you bought haven't changed and the selling is continuing for no reason besides emotion. DUCO is a good example of a time I doubled down. What was in their earnings did not justify the level of selling I saw.
Click to expand...

This is the part where advice in this thread gets hairy. I know you and Blazin Blazin aren't necessarily day-trading, but I also know you typically have an exit in mind. I don't want to exit. I don't have time to keep up with every single stock in my portfolio.

In that sense, maybe I just neet to stay with stuff like FSKAX or FTEC and just follow general trends and buy the indexes.

I guess I could sell the stuff in the ROTH IRA and SEP IRA and not experience a tax event too, but I'm 100% indexes in those.
 
Furry

Furry

🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
<Gold Donor>
21,893
28,614
Shonuff said:
I had a chance to leave the trade, when news of the Merck pill dropped. I would have been in the green, but I elected to stay because the market has it wrong.

And I bought more since then (ABNB and BKNG), because the market is being irrational. The media can portray fear all it wants, one day the quarterly report is going to show how much people are traveling. There is no demand problem, there is a supply problem.

Pfizer pill is just around the corner. I'd be tempted to buy more, but I have to pay out two weeks' vacation and bonuses, and I'm getting ready to drop 15k on my vacation.

View attachment 388015
Click to expand...
Investing everything in Twitter calls. Time to make $$$
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,743
Tmac said:
So, I don't care if it takes many months to recover. I'd rather buy the recovery and lower my cost-basis or just let it recover on it's own.



This is the part where advice in this thread gets hairy. I know you and Blazin Blazin aren't necessarily day-trading, but I also know you typically have an exit in mind. I don't want to exit. I don't have time to keep up with every single stock in my portfolio.

In that sense, maybe I just neet to stay with stuff like FSKAX or FTEC and just follow general trends and buy the indexes.

I guess I could sell the stuff in the ROTH IRA and SEP IRA and not experience a tax event too, but I'm 100% indexes in those.
Click to expand...
I agree 100% with the idea of hold for the long term. But you have to also accept that sometimes you buy a stock and either you were wrong about it or news comes that fundamentally changes the stock. Those are the times you consider if holding forever is the right move. It's about opportunity cost. If I make a mistake and buy a dog (such as VZ), holding it means that money isn't invested in another stock that doesn't end up being a dog. As an investor you have finite resources so the concept of opportunity cost needs to be evaluated.

If you buy and hold AAPL, MSFT, NVDA etc then yeah never look at them. Unfortunately not all stocks are AAPL, MSFT and NVDA.
 
  • 2Like
Reactions: 1 users
Zzen

Zzen

Potato del Grande
2,887
3,587
Sanrith Descartes said:
I gotta ask some of you a question. Its been nearly 2 years since Black Monday. Literally close to 10k posts in this thread since then. After all this time and info, I still see some of you doing the same shit the same way you have always done. Making the same trades, on the same types of stocks. Is there a point where you go "maybe I should change my strategy and try what some of the other guys are doing?"

Not that any of us dont grab some dogs, we all do <cough, VZ, cough>. You realize the trade is shit and you cut your losses before they pile up and move on to the next trade. But as I am looking at my portfolio for year end balancing I start thinking to myself of some of the names some of us have brought forward with recommendations and the rational behind it. Not all these stocks are s3xy or making 1000% returns, but they just constantly produce alpha year after year after year.

I look at something like ABBV. I think only Blazin Blazin and myself are in it. Its not a meme stock nor will it give you 100% return in a year. But damn if it doesnt give me 30% in stock appreciation plus close to a 7.5% dividend yield at my cost basis. All it does is print money. It got yacked about a month ago and was down a good 15% a month or two ago. I know Blaz and I both added to it. It bounced and is up about 30% from that dip.

AAPL is another one. It gets talked about a ton here but how many have actually went long the stock. A few months ago it was testing $120. Again I know Blaz and I added down there. Its hitting $180 this week.

HD printed off a string of 52 highs I couldn't believe. I think I might be the only one who ones it.

UNH is another beast. It just prints money year over year.

And of course there is NVDA.

I'm not patting myself or anyone else here on the back for their picks, what i am trying to say is you are getting financial advice here for free that a financial guy will be charging you 1%+ a year to give you. And I am willing to bet the advice here is better than 80% of the shit you would pay for.

I really hope some of you take the next few weeks before year-end and honestly look at your investing and portfolio and change your strategy. We have talked enough about basic technical analysis that most of you should have a basic understanding. Ask about stocks and entry points. I am sure you will get some answers.

Buy quality, hold it for the long ride, let your winners run and cut your losers short. If even one of you turn it around in 2022 then the time I spent typing this was worth it.

ps.. And fuck margin.
Click to expand...

Meh, it’s fun to larp being a retarded ape, but I’m pretty much a boomer at heart when it comes to investing.

Reformed 3 fund fag, now more of a SPY / VTI and cash kind of guy. No interest in holding direct Chinese exposure anymore, and I don’t think the passive investing model necessarily fits ex-US very well. Due to ZIRP, I’d rather just keep my FI in cash for now.

I worked hard as fuck this year, and stacked cash for a potential new home purchase. The house timeline has slipped, so it’s fun to chase returns with some of the savings. They’re longer term plays that I hope move when the needle when it’s time for the home in 5ish years.

Plus I really do love the markets. It’s been an interesting contrast experiencing the ups and downs of more volatile stocks throughout the day, compared to just checking what index funds have done on a quarterly basis.

Margin is living outside your means, avoiding that is day one stuff for me. I won’t invest on margin, the same way I won’t carry a credit card balance that I can’t pay off each month.

I appreciate the knowledge and diversity of approaches in this thread. It’s a good example of the human capital of the FOH community, and a nice white pill to offset the black pilling political threads.

Now give me a 10 bagger that I can throw the rest of the powder in my keg at, before I have to go back to grinding RL 😛
 
  • 4Like
Reactions: 3 users
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,971
16,990
Sanrith Descartes said:
I agree 100% with the idea of hold for the long term. But you have to also accept that sometimes you buy a stock and either you were wrong about it or news comes that fundamentally changes the stock. Those are the times you consider if holding forever is the right move. It's about opportunity cost. If I make a mistake and buy a dog (such as VZ), holding it means that money isn't invested in another stock that doesn't end up being a dog. As an investor you have finite resources so the concept of opportunity cost needs to be evaluated.

If you buy and hold AAPL, MSFT, NVDA etc then yeah never look at them. Unfortunately not all stocks are AAPL, MSFT and NVDA.
Click to expand...

I'd agree and stuff like Evergrande is easy to see. But, I mostly just listen to you or Blazin, so I'm long in mostly things that should be solid.

Having said that, I'm up like 17% in FSKAX and 12% in FTEC, but only 3% in my individual account, lol. Again, noob market buys are pwning me and being too early into PYPL.
 
  • 1Like
Reactions: 1 user
Hateyou

Hateyou

Not Great, Not Terrible
<Bronze Donator>
16,640
43,295
I only own two names that I don’t think are that great, MTTR and PLTR. Those are just ‘lol hope they catch fire’ stocks and are 6% of my holdings. The rest are The apple, msft, wmt, etc type of stocks outside of ETFs. ETFs are 60% of my holdings in my cash account and 100% of my holdings in my Roth. When I buy a yolo type stock I only put in 2-3%. That % lessens as I grow the account. I’ll never get rich overnight like some filthy ape, but that’s ok. I imagine I have less stress about my account than 95% of those clowns.
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,743
Hateyou said:
I only own two names that I don’t think are that great, MTTR and PLTR. Those are just ‘lol hope they catch fire’ stocks and are 6% of my holdings. The rest are The apple, msft, wmt, etc type of stocks outside of ETFs. ETFs are 60% of my holdings in my cash account and 100% of my holdings in my Roth. When I buy a yolo type stock I only put in 2-3%. That % lessens as I grow the account. I’ll never get rich overnight like some filthy ape, but that’s ok. I imagine I have less stress about my account than 95% of those clowns.
Click to expand...
My feeling is PLTR got caught up in meme mania. Lets be honest, if (and I stress if) they can find a serious breakthrough with Gotham (the commercial platform) that is where the real growth will come. Its a great stock if you got in on the ground. That being said, Over the last year I have traded both calls and puts on it probably 2 dozen times and made money every time. It is a good option stock to play in my opinion.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,743
V

1639661385839.png
 
karma

karma

Molten Core Raider
473
587
It sorta amused me that "analysts" and "financial gurus" can promote, upgrade, downgrade, give price targets on stocks and thats cool, some random dudes on reddit start talking about stonks and congress melts down.
 
  • 2Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,743
karma said:
It sorta amused me that "analysts" and "financial gurus" can promote, upgrade, downgrade, give price targets on stocks and thats cool, some random dudes on reddit start talking about stonks and congress melts down.
Click to expand...
"Technically" analysts need to have "supporting documentation" for all their ratings. Just like members of Congress aren't "Supposed" to accept bribes.
 
  • 1Worf
  • 1Rimshot
  • 1Seriously?
Reactions: 2 users
Jysin

Jysin

Ahn'Qiraj Raider
6,457
4,345
Sanrith Descartes Sanrith Descartes I'd have thought you knew better re "analysts". I rarely pay any attention unless it is a double up / down grade. Or a a few big institutions all come out with the same guidance that fundamentally changes a stock. Might as well give darts to monkeys, for the most part.

1639662159994.png
 
You must log in or register to reply here.