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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
Me sitting on my largest pile of cash ever looking for something to do with it
Fund an NIL deal for some fancy recruit
graduating with a finance degree in 2008 was not great for me I’ll tell you that
Yeah, I was a broke college grad in 2008-2009. I didn’t really have any money until the market started to come back in 2011.
I was a freshman in 2008 with the intent of majoring in finance. Quickly did an about-face.
it's not over, ding dongs.
I don’t think anyone said it was. This is the exact scenario and timing that Hank prophesied
Ah yes let’s give back all of the afternoons gains in the pre market after zero news
Is this where I sell everything?
Suggestions on things to buy and hold forever today?
TLT, USD. Wait until the Fed gets dovish tomorrow tho fr
Yesterday was retail capitulating stocks stocks short sold to them over the last few months. Line is still doing a Japan
This is fine
What am I missing? I know the day started out with another fairly large drop but that looks to have almost evened out at this point, relatively speaking.
I haven't been watching too closely though.
Moving up and down, side to side like a roller coaster.
I’m having fun!
Just your normal roller coaster ride of emotions!
I'm just waiting on the bottom to drop out. Like just get it over with already.
You would be a bear.
Hah. Like all I've read the past 6 months is how we're due for a huge correction. We've been flirting with it for the past few days it seems.
No longer having fun!
Ive been reading we’re due for a huge correction everyday since I started investing years ago. There is ALWAYS someone saying it’s coming. Always. As it goes down people will say it’s going down further and as soon as it starts recovering people will begin predicting the next crash.
They’re technically correct, one will happen at some point and again and again and again but people saying when are fools (except Hank of course)
My energy and commodities plays have resisted the dips. Really like where I’m sitting right now.
perma bears predict recessions for years if not decades until they hit then they go SEEEEE
and you get idiots on the tv finance shows going "Dipshit McGee has predicted 6 of the last 7 recessions! he says we're due for one!"
Full disclosure I've only been doing this really since May 2021, so take that for what it's worth.
You missed C Wave Down inside Large Wave 4. This forms an expanding Triangle which means that it’s time to fucking shit your pants and meet your maker.
sorry you missed it.
There have been lots of people who’ve predicted a correction for years and have lost lots of money because of it
Yeah but THIS time is different bro
I mean the Nasdaq has been close to down nearly 20%, that ain’t a correction?
My psyche could really use this holding
"Rich MILF gets FUCKED by the Fed"
Haha 4% drop since he started, I’m broke
Same. Was up 3.1% and in ten minutes I went red. lol
I have a stupid question...
I know mutual funds are priced once a day at the end of the day. But I have to place any order before the market closes for the day.
If I place an order to buy $1,000 worth of a mutual fund, I'm assuming that order is fulfilled at the re-priced amount after the market closes for that day. As opposed to the order being fulfilled based on the price at the time the order was placed (which would be before the re-price).
Hopefully that question makes sense.
Correct, your order will be filled later in the day once the fund price has been updated
To add to this, if you are interested in buying the funds immediately at a set price, look into an ETF based on the same index (or even the exact same fund sold as an ETF)
Yeah pretty much that's how I have it setup. I have a mutual index funds in my Roth and my HSA. Then for my taxable brokerage I have ETF equivalents.
From what I understand, the ETF can lessen taxable events in the brokerage.
Fucking Groundhog Day
two straight days of up 3.5% or more to red
This is not the dopamine hit I want
Year to date