Investing General Discussion

Zog · Dec 1, 2023

Took me almost 2 years of trading to at least have a grasp on everything that can factor into a trade and also not have my emotions fuck everything up.

There is so much to consider, I would say infinitely more with an intraday trade. Years of holding can be undone in 30 seconds with improper risk management and a fundamental misunderstanding of "why" a stock is doing something.

Not understanding options is probably the main reason I made bad trades in the beginning.

Gravel · Dec 1, 2023

Unless I'm mistaken, we just broke through for a new YTD high.

Still a ways to go for that December 2021 number, but we're getting there!

Sanrith Descartes · Dec 1, 2023

Zog said:
Took me almost 2 years of trading to at least have a grasp on everything that can factor into a trade and also not have my emotions fuck everything up.

There is so much to consider, I would say infinitely more with an intraday trade. Years of holding can be undone in 30 seconds with improper risk management and a fundamental misunderstanding of "why" a stock is doing something.

Not understanding options is probably the main reason I made bad trades in the beginning.

If you go search you will find my story of my first options trade involving BA when the 'rona news was just beginning. I was a babe in the woods in the options world and it was oogly. Selling covered calls on XOM stock when I was upside down by about 30% on those shares was a close second.

Sanrith Descartes · Dec 1, 2023

Janet is doing the pump pump on the market today.

Blazin · Dec 1, 2023

just checking in after another $3/share

Sanrith Descartes · Dec 1, 2023

Blazin said:
just checking in after another $3/share
View attachment 502625

The other end of the emotional spectrum...

Zog · Dec 1, 2023

Oh well... Probably a lot more upside to come but I'm on unsettled funds until middle of next week and no way am I buying in after that kind of move, happy with my 5% this week.

Blazin · Dec 1, 2023

Whenever I make this much in a day it becomes very tempting to just take it, its hard because today is likely just day 1 of what could be a sizable move.

What's got me distracted now is I swear a six engine jet just went over my house...we don't operate a six engine jet that I'm aware of. It all happened rather fast, 2 large cargo jets at low altitude immediately jumped on flightaware and they aren't on there. One of them looked like a C-17 I have never seen a C-5 in person but I swear there was three tanks to a side not 2 on the larger plane.

Jysin · Dec 1, 2023

Blazin said:
Whenever I make this much in a day it becomes very tempting to just take it, its hard because today is likely just day 1 of what could be a sizable move.

What's got me distracted now is I swear a six engine jet just went over my house...we don't operate a six engine jet that I'm aware of. It all happened rather fast, 2 large cargo jets at low altitude immediately jumped on flightaware and they aren't on there. One of them looked like a C-17 I have never seen a C-5 in person but I swear there was three tanks to a side not 2 on the larger plane.

For those huge 1 day moves, it never hurts to take some of it off the table. Never has to be an all or nothing in / out trade.

Nice work. I nearly wrote a reply to you yesterday commenting how nicely IWM was consolidating on the daily chart, but figured you were aware and deleted.

Tmac · Dec 1, 2023

Had to sell a bunch of stonks back in July cuz divorce and I'm now back up to those levels again O_O

I'm still missing the $40k of cash I had saved up, but it's nice to see the stonks bucket fill back up.

Sanrith Descartes · Dec 1, 2023

SPACEX will make Elon more money than Tesla ever did. Just give it time.

Sanrith Descartes · Dec 1, 2023

Props

Blazin on the IWM play. It takes balls to get stopped out and jump right back in.

Foler · Dec 2, 2023

Other than diversifying your assets and having a potentially fixed revenue stream, is there any benefit to investing in residential real estate to rent over putting it in stonks when you can at least earn 8% annual return? From my understanding housing prices increase on average around 4%.

Sanrith Descartes · Dec 2, 2023

Foler said:
Other than diversifying your assets and having a potentially fixed revenue stream, is there any benefit to investing in residential real estate to rent over putting it in stonks when you can at least earn 8% annual return? From my understanding housing prices increase on average around 4%.

Residential can be a crapshoot. The margins tend to be tight enough that getting a bad tenant can fuck you hard. Depending on the state residential is suicide where renters have more rights than landlords. And then there are the interest rates.

CRE is usually the better play, but that was all pre-covid. That world has changed.

Foler · Dec 2, 2023

Sanrith Descartes said:
Residential can be a crapshoot. The margins tend to be tight enough that getting a bad tenant can fuck you hard. Depending on the state residential is suicide where renters have more rights than landlords. And then there are the interest rates.

CRE is usually the better play, but that was all pre-covid. That world has changed.

Yeah that’s what I figured. Seems like the juice isn’t worth the squeeze. FXAIX it is. Looking for QQQ or QQQM to take a dip to buy in a small percentage of my self managed portfolio, to hodl.

Furry · Dec 2, 2023

leverage is awesome when you're making money.

Sanrith Descartes · Dec 2, 2023

Foler said:
Yeah that’s what I figured. Seems like the juice isn’t worth the squeeze. FXAIX it is. Looking for QQQ or QQQM to take a dip to buy in a small percentage of my self managed portfolio, to hodl.

I do like the concept of buying undeveloped land though. It's an ultra long HODL but it's relatively cheap and the carry cost is pretty minimal if you aren't in a high tax county. It's really a generational investment to pass on to kids.

Lightning Lord Rule · Dec 2, 2023

Commercial real estate in the form of office space is a liability. HOWEVER! Commercial spaces that are better for other things can be good. Industrial zoned real estate is generally a better bet these days IMO. Also, look around for mini-storage property. For whatever reason, people need a place to store their random crap, and the cost of upkeep and construction for these building types is relatively minimal. You need fencing and some form of security, but that's pretty much it. Another one along those lines is RV parking facilities. You can get by with covered parking (carports, but for RV's) and you just need a good bit of space, paving, and fencing/security. Huge returns relative to what it costs to build.

Caveats are that even industrial/warehouse space needs tenants, same with RV parking. So if the economy does take a massive dump as many are predicting, you can likely get some turnover in your tenants and finding new ones may be a challenge. Vacancies will kill you if you're doing all this stuff via bank loans.

Captain Suave · Dec 2, 2023

Lightning Lord Rule said:
Also, look around for mini-storage property. For whatever reason, people need a place to store their random crap, and the cost of upkeep and construction for these building types is relatively minimal. You need fencing and some form of security, but that's pretty much it.

I remember reading a while back that self storage is the highest revenue per area in real estate. Prices are fucking bananas. Near me it's over $450/mo for anything big enough to park a car in.

Palum · Dec 2, 2023

Captain Suave said:
I remember reading a while back that self storage is the highest revenue per area in real estate. Prices are fucking bananas. Near me it's over $450/mo for anything big enough to park a car in.

There's a place near me that has one of those blimp buildings and just does seasonal stuff. So RVs, ATVs, convertibles, etc. for the winter. They then do snow mobiles and whatever during the summer.

So they are only there like 3 months of the year during rotation time, do big clean up of the facility and wash everything for the customers. They charge insane money. Otherwise just pay for security, and charge appointment rates for special pickups and per diems. It's like $750/mo for a parking space but they sell it "per year".

Investing General Discussion

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