OT: Stock trading | Page 172 | The Boneyard

OT: Stock trading

So for someone who knows nothing about stocks, is this the worst time ever to get into it or can I buy something low? I dunno lol!
 
"Many a small fortune has been made starting with a large fortune."

somewhat related to:

"He has more dollars than sense."
 
Jay-Bone said:
LMAO, if you're not freaking out, you probably shouldn't be adulting in the first place. Talk about absolutely clueless.
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You realize that post was almost a month ago, right? Policy is driving the current drop, but it is also likely an overreaction.

If you managed to get out around March 1, congratulations. I've been there (sold everything on February 19, 2020). Good luck timing the re-entry. If I had done that last time around, I'd be retired by now. I didn't, and ended up in the same place that I would have been if I had done nothing. So now I will do (for the most part) nothing.
 
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Excalibur said:
You realize that post was almost a month ago, right? Policy is driving the current drop, but it is also likely an overreaction.

If you managed to get out around March 1, congratulations. I've been there (sold everything on February 19, 2020). Good luck timing the re-entry. If I had done that last time around, I'd be retired by now. I didn't, and ended up in the same place that I would have been if I had done nothing. So now I will do (for the most part) nothing.
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Exactly.
 
Something like “be fearful when others are greedy, and greedy when others are fearful”
 
Travelman6 said:
So for someone who knows nothing about stocks, is this the worst time ever to get into it or can I buy something low? I dunno lol!
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If you’re young it’s a great time to start and even better if it goes down more. Think long term, put money away on a regular basis and let it grow.

If you really know nothing, don’t look at individual stocks. Instead put money into ETF such as SPY, VOO, VTI, etc
 
Travelman6 said:
So for someone who knows nothing about stocks, is this the worst time ever to get into it or can I buy something low? I dunno lol!
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If you know nothing, don't buy stocks. Buy ETFs. Add in bond funds if you're approaching retirement. Or if you really just want to not think about it AT ALL, throw your money in a target date fund and call it a day.
 
I can see a SPY push up to $525-530 tomorrow perhaps, then a dump down to $440 or so.

Not sure what past Wednesday will bring. More bleeding I presume.
 
HooperScooper said:
What’s your strategy for getting back into the market? When?
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I don't have much to offer on timing the market (other than I shouldn't try to).

But for me I think soon. If the S&P feels like it's at least stabilized for a minute I'll start dollar averaging back in. Or if it keeps dropping below where we are....keep liking the cash?
 
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Anyone in here ever hear about the pi network it’s a crypto currency.Everyone I tell about it says it’s a scam but I believe in it but want to hear what people have to say on here about it …. Pi network is the app and pi coin is the crypto currency please let me know
 
jdk1047 said:
Anyone in here ever hear about the pi network it’s a crypto currency.Everyone I tell about it says it’s a scam but I believe in it but want to hear what people have to say on here about it …. Pi network is the app and pi coin is the crypto currency please let me know
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Treat it the same as you would all other crypto. I personally consider it gambling. I'm not a gambler. Sold my BTC and ETH back in 2022.
 
Good morning!!

Anyone here use Fidelity Baskets or M1 SliceS? I’m not a trading newbie and I work in tech. I’ve been trying to setup an M1 joint account with my spouse and honestly I think the App sucks, which makes me nervous about placing a ton on money into M1. Support is Only available via the app and you do not know when an answer will be coming. Baskets is like 5/6 a month and I’d rather pay for the layer of support.

Anyone use either M1 or Fidelity to create your own basket or pie?’
 
husky429 said:
If you know nothing, don't buy stocks. Buy ETFs. Add in bond funds if you're approaching retirement. Or if you really just want to not think about it AT ALL, throw your money in a target date fund and call it a day.
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This is very good advice. ETF’s and Bonds to lower your risk.

I will caveat that with, there may be some individual tech stocks that I think are still worth gambling a bit on, because of the expected growth in AI. Thinking in the semi conductor manufacturing/developing vertical.

I have been investing half of money myself and half of my money with a well known wealth management company for the last 15 years. In that time I have done a little better with my half than my wealth management firm. That was until recently I got all out too late and I was tech (Nasdaq) heavy, but thankfully I had already converted some of my assets to precious metals and bonds or it would have been worse.


But I do think there will be some significant opportunities over the next 3.5 years. I will be more aggressive with my half and let my financial advisor take the safe road. I have about five to seven years left before I make the move to going with a very low risk portfolio, I am fairly certain that will be in the form of an indexed life insurance policy.
 
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husky429 said:
I'm much rather get 11% a year in the SP500 than be a dork. Worth every penny.
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S&P ain't doing this. 1150% return since I bought it
 
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I thought I made a killing yesterday.

The culprit was COKE

I was trying to figure out where this profit came from, so I did a deep dive (took about 5 minutes)

Coke announced a 10 for 1 stock split. E*TRADE increased the number of stocks I owned from 30 to 300. However, they didn't decrease the per share the price from approximately $ 1,114 to $ 111. Oh well, was a high while it lasted

I think the price is right, I don't own the additional shares yet. The split goes into effect May 27th.

I wonder if anyone sold the extra shares once they posted? Unless the shares were added after the market closed, I'm sure somebody did (or would have tried to).
 
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Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.
 
Dogdeacon said:
Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.
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I've found Vanguard to be solid and easy to navigate.
 
Dogdeacon said:
Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.
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Waquoit said:
I've found Vanguard to be solid and easy to navigate.
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I would second Vanguard or Fidelity.

I rolled a previous employer 401k on to Vanguard and it was very easy.
 
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