Official Investing Thread

I picked up some ICLN last week and it promptly dropped. I’m not worried though as it is a long term position for me.

 

US stocks on a long enough timeline go up. The best way to ensure gains and avoid downside risk is to own a basket of stocks. Winners cancel out the losers. Exchange traded funds just mirror an underlying goal with a bunch of different stocks >30 but majority with >100 stocks to eliminate single stock risk.

You could make money quicker if you own single stocks of winners, but everyone thinks they want this until they start losing money and end up trapped with a losing stock. Far better to park it into QQQm, VOO, VTI as mentioned above, and let the fund do the work for you at a very small expense ratio price. They’re typically rebalanced once a quarter. As opposed to mutual funds and actively managed funds which do it far more often and charge you higher fees for doing the trading for you. On average mutual funds don’t make good decisions and it ends up costing you in the long run.

 

Aside from the EV plays that Have been on fire I picked up SUNW and SPWR

You’re a couple months late tbh, I would be patient for some pullbacks before entering

 

Agreed & I've got a few plays already, but was curious what anyone might be jumping into with the now with the stimulus coming

 

I haven’t spent much time so prob not the best to answer for you. I’m too full up on pot and growth tech and crypto plays. The solar plays I’ve mentioned are getting shilled on Twitter so riding some fomo there on calls then I’ll dump

 

so i wont pick anything ? someone does it for me?

 

Yes

 

Example. VTI is the Vanguard Total US Stock Market Index Fund ETF. This fund is made up of 3634 stocks across the US exchange, with the amount of each stock held depending on market cap of each stock. So if you buy a share of VTI, you basically own part of each of those 3634 stocks. The fund adjust how much of each stock is in it based on how the stocks perform. It is just trying to mimic the total market.

 

It still freaks me out that Tesla is now a top holding in so many index funds

 

Jimmy the Saint Makes fun of me when I voice this concern

 

GME up 17% in pre market.

 

ty all ily. so to sum it all up get into ETF’s. got it

 

In legacy auto news, GM just hit another 52 week high and STLA (who now own Fiat/Chrysler) is up 15% this morning.

 

ETFs or Index funds, depending on how much you want to leave temptation to day trade out of it. VTI is the ETF of the Index Fund VTSAX. They hold the same funds, one is traded like a stock, the other just at the end of the day.

 

You would be up over 400% if you listened to this thoroughly researched advice

 

Did they hire an e-commerce guru or something?

 

I was avoiding the Qs for that reason, but if Tesla tanks it’s going to take the whole market with it.

 

wasnt on my radar

 

IPOE goes brrrrrrrrrrrrrrrrrr

 

what is that going to be? IPOB turned into OPEN I think

 

SoFi

 

I’ve got AMRC, AZRE, and ZEON.
I used to have Canadian Solar (CSIQ?) but I got out recently.

 

Buying LOVE on the deep analysis that my wife wants one of their couches and I see the commercial multiple times a day.

 

hard no to day trade

 

As long as you don't think you'd be tempted to sell on a bad day like we had in March, the ETFs are fine. Otherwise, just do the mutual fund version, if one exists for what you pick.

 

Buddy of mine made 6 figures

 

I don’t think it’s done.

 

Those are option contract details.
1/22 is the date the contract expires.
$3.50 is the strike price...or price you're expected the underlying stock to move toward.

If you're just buying regular shares, ignore it.

 

Lol Yellen tapped for team drum up a Cold War with China.

 

Me neither. $100 by EOY

 

Another day. SMH (semiconductors etf) continues to be a workhorse. Have to have exposure to the semiconductors.

 

When should I be looking to exit ELCR or let it ride?

 

FB go brrrrrt

 

BB up 28% today.

With that said, looking for a unique situation tomorrow with the inauguration narrative going on + VIX expiration right at market open. Looking for the rest of that downside with potential correction rest of the week.

 

I am not a smart man. But I’m loading up on GME and BB because the memes are solid

 

Not the quickest climb ever but BABA eclipsed the 250 mark after being 211 a few weeks back.

 

This is not financial advice, but be careful until Monday with loading up the boat. Very weak moment in the market starting tomorrow at open. Tons of election VIX hedges expiring and then market makers have the option of freefall dumping their hedges from last Friday's options expiry.

 

So GME doubled in the last week? Yikes, someone show me how to short that trash.

 

I rode this with long dated calls. ❤️ China

 

Bit the bullet and parked some money in two vanguard index funds and some etf shares of vti/qqqm. Not really looking to day trade yet. It’s a possibility once I get my feet wet but I’m definitely a novice

 

Seems kind of dumb with the amount of shares already short and Reddit’s commitment to destroying everyone who did so.

 

It's gonna crash horribly, eventually...just gotta wait it out.

 

With a 30% fee?

 

Options on GME right now don’t make sense with the IV. I will ride these shares to Saturn though.

Even if it crashes I’ll cherish the memory of opening a RH notification while hammered from day drinking and then being really confused as to why my portfolio balance had doubled

 

Hope you're still holding. My lord, these are about to pay.

 

FB, BABA, and PDD all giving 100% ROI on my 2/19 contracts at open this morning.