Investing General Discussion
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Sanrith Descartes
Von Clippowicz
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It will be difficult for the SP to beat the Nasdaq. Remember the top companies are mostly the same in both. It would take a streak of the top companies fading while the the smaller companies of the SP advance.
Sanrith Descartes
Von Clippowicz
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The long term holds are stuff I am holding through the downturn. I tried the time the market thing in the past and it rarely works. At least for me.
Hateyou
Not Great, Not Terrible
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I can't at all.
Outside of my good 401k move I bought Tesla right before it slumped, sold AMD right when it started the never ending upward trend, sold CLSK not long before it went parabolic, bought into Boeing after holding off for so long...right when it leveled out and retreated, and I also own Intel and Exxon.
I've made some good buys too but when I try to time things I just fail. Apple at $220 was my best move and it wasn't much cause I didn't have the cash at the time.
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The devil tempted me with Tesla not two days ago. Thank the Lord I resisted, just so I would not feel shitty today. (not saying it was the right/wrong move)
I'll wait for a crash, or i'll just wave as the rest of you pass me in the gutter on the way to your spaceX mansions in the sky.
I'll wait for a crash, or i'll just wave as the rest of you pass me in the gutter on the way to your spaceX mansions in the sky.
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Sanrith Descartes
Von Clippowicz
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Minus my SPACs and DAL, everything I own at this point is a long term hold. So far the last couple additions have tanked. My last decent grabs were NVDA at $350 (like 6 weeks ago, fucking rocket) and FB at $210. I keep looking for quality at a good entry point buy weeks of up days make it difficult.
Sanrith Descartes
Von Clippowicz
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Latest in the IPO pipeline...
www.marketwatch.com
With the Appetite for IPOs High, 5 More Companies Line Up to Go Public
A flurry of technology companies last week filed paperwork with the Securities and Exchange Commission for initial public offerings. Here are more.
www.marketwatch.com
Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
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Latest in the IPO pipeline...
With the Appetite for IPOs High, 5 More Companies Line Up to Go Public
A flurry of technology companies last week filed paperwork with the Securities and Exchange Commission for initial public offerings. Here are more.
Asana is a no brainer, its a money printer
Palantir was always rumored to be really good if it ever went public, but that IPO talk has been happening for 10 years
Gravel
Mr. Poopybutthole
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The markets can remain irrational longer than you can remain insolvent.The markets rising like crazy every day has me just as nervous lately as when they crashed. I have a feelingBlazin is making the right move sidelining his shit. But FOMO is real!
Keep that in mind. If you're nervous, it likely means your asset allocation is not correct for your risk tolerance. If you're too heavily invested in equities and nervous, it may mean you need to be less invested in equities.
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Sanrith Descartes
Von Clippowicz
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Or put a bit more indelicately, pigs get fat and hogs get slaughtered.
Never feel uncomfortable taking profits off the table. Cash in the bank doesn't have a 5% down day. We had a monstrous run in August. Check your portfolio positions. If you actually set position weights, see if the run up has put you overweight in something and maybe trim down some of the profits. If you never put together any type of asset weighting, maybe its a good time to see how much of your portfolio is in specific holdings.
Also keep in mind this is the last week of summer. The professional traders are coming back from the Hamptons and will probably be looking to lock in some gains from the summer amateur investors.
3-month Nasdaq chart. Look at August.
S&P 500 3 month. look at August.
Never feel uncomfortable taking profits off the table. Cash in the bank doesn't have a 5% down day. We had a monstrous run in August. Check your portfolio positions. If you actually set position weights, see if the run up has put you overweight in something and maybe trim down some of the profits. If you never put together any type of asset weighting, maybe its a good time to see how much of your portfolio is in specific holdings.
Also keep in mind this is the last week of summer. The professional traders are coming back from the Hamptons and will probably be looking to lock in some gains from the summer amateur investors.
3-month Nasdaq chart. Look at August.
S&P 500 3 month. look at August.
LachiusTZ
Rogue Deathwalker Box
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Sold half my Tesla at 475, the other half at 450... Wish I got out at 500, but it's still profit.
Sanrith Descartes
basis in GE is 6.84, have 750 shares
Sanrith Descartes
basis in GE is 6.84, have 750 shares- 1
Sanrith Descartes
Von Clippowicz
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$6.84 isnt bad. I was expecting a lot worse. So my advice would be to sell covered calls and make money each flip. For example you sell 7 contracts of the $8.00 calls expiring in two weeks (9/18) for 0.05 so approx $35 in premium. If they dont get called you made about 0.75% profit. It ain't a ton, but the idea is you do it every couple of weeks. So extrapolate it out and its 1.5% profit a month (x12) is 18% profit annually. That ain't shitty. If it does spike and you do get exercised on the first week you make $1.16 a share plus the 0.05 premium so $1.21 a share. That works out to a profit of 17.7%Sold half my Tesla at 475, the other half at 450... Wish I got out at 500, but it's still profit.
If this is something that interests you we can dig in to different choices of the options. Of course you have to see what your platform charges for options trades and factor that into the projected profit.
Sanrith Descartes
Von Clippowicz
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It looks like some profit taking from Tech and moving into more cyclicals like industrials. Financials are getting love too. DAL +3%, JPM +3%, GD and RTX both up over 1%
LachiusTZ
Rogue Deathwalker Box
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I'm interested sure, but half retarded. Sounds like you can't really lose doing this, so seems sketchy as fuck
Sanrith Descartes
Von Clippowicz
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You can from the sense of opportunity cost. The downside is that lets say the day before your calls expire Trump announces GE is the official Coronachan vaccine provider of the US Government and the Stock goes to $30. Assuming you dont take a loss and roll those options you are bound to sell your shares for $8 the next day. Thus the opportunity cost was $22 a share.
I have been doing covered calls on my DAL shares for months. You just grab little chunks and dont be greedy about it.
Edit: options are how people really get rich in the market. Options are how
Blazin
can afford his summer house in the Hamptons - 1
LachiusTZ
Rogue Deathwalker Box
- 14,472
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You can from the sense of opportunity cost. The downside is that lets say the day before your calls expire Trump announces GE is the official Coronachan vaccine provider of the US Government and the Stock goes to $30. Assuming you dont take a loss and roll those options you are bound to sell your shares for $8 the next day. Thus the opportunity cost was $22 a share.
I have been doing covered calls on my DAL shares for months. You just grab little chunks and dont be greedy about it.
Edit: options are how people really get rich in the market. Options are how
Sure, you might not make millions, but if you can always get 15%+... Seems fucky fucky