Sanrith Descartes
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Investing General Discussion
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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
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Sanrith Descartes
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Mist
REEEEeyore
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I used to believe this shit and I'm about 4 years further from retirement than I should be because of it.
The market looks rigged, manipulated, dramatic, etc from day to day but over a 20+ year timeline it is absolutely the best path towards increasing your financial wellbeing dramatically. Not taking advantage of tax-advantaged investing is basically just giving your money to the government for free.
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Blazin
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Jysin
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Not just the double miss. Bad guide too.
16:01 [INTC] Reports Q2 $0.29 v $0.69e, Rev $15.3B v $17.9Be; Cuts outlook sharply
- Guides Q3 $0.35 v $0.90e, Adj Rev $15-16B v $18.9Be
- Cuts FY22 $2.30 v $3.46e
16:06 [INTC] Notes deteriorating macro, inventory and supply disruptions, competitive pressures; Expect 10% decline in 2022 PC TAM; Prolonged supply chain challenges - earnings slides
16:01 [INTC] Reports Q2 $0.29 v $0.69e, Rev $15.3B v $17.9Be; Cuts outlook sharply
- Guides Q3 $0.35 v $0.90e, Adj Rev $15-16B v $18.9Be
- Cuts FY22 $2.30 v $3.46e
16:06 [INTC] Notes deteriorating macro, inventory and supply disruptions, competitive pressures; Expect 10% decline in 2022 PC TAM; Prolonged supply chain challenges - earnings slides
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Sanrith Descartes
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TDOC -18% today also. Kathie is just horrible at this. And people keep throwing her money.
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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In no way am I calling a bottom, but pointing out that buying quality when its on sale is a winning strategy over a long time horizon. Don't let fear stop you from taking or adding small positions in bellwether companies when they are beaten down.
AMZN +36% since the May low.
AAPL +27% since the June low
MSFT +16% off the June low
GOOGL +14% off the June low
NVDA +29% off the June low
QQQ +17% off the June low
SPY +14% since the June low
HD +14% off the June low
MA +17% off the June low
V +20% off the June low
UNH +20% off the June low
Im not counting it as "quality" but TSLA +40% since the May low.
AMZN +36% since the May low.
AAPL +27% since the June low
MSFT +16% off the June low
GOOGL +14% off the June low
NVDA +29% off the June low
QQQ +17% off the June low
SPY +14% since the June low
HD +14% off the June low
MA +17% off the June low
V +20% off the June low
UNH +20% off the June low
Im not counting it as "quality" but TSLA +40% since the May low.
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