This shit is not fun. I’m not changing anything but watching net worth drop this quickly and dramatically is just not a good time at all.
I keep hoping Tesla tanks long enough for their shareholders to force Elon out of the government, but they’re all sickos like him so it’s doubtful.
Saw this a month ago and decided to check it today. All time goof of a concept - leveraged long of TSLA and leveraged short of F. https://www.morningstar.com/news/gl...troducing-elon-tesla-vs-ford-as-flagship-fund
Money market fund. I keep mine in one with a slightly lower yield, 4.00 v 4.17, but it’s ~ 96% state tax exempt, and I live in a high state income tax state. I come out slightly ahead. Thinking about starting a CD ladder and locking in some better rates though.
Friend of mine is trying to convince me to write puts on QQQ. Their logic is I’m gonna buy back in at some point, might as well collect premium now or get assigned and force me to buy in if we continue lower. Thoughts?
Who’s the guy that pumped COOK for several years? I didn’t follow your advice but I feel your pain friend
This is all worth it to punish the Canadians for their *checks notes* century of unquestioned loyalty and cooperation
If you have the cash to secure the puts and you know you'll want to buy it anyway, it makes sense. Volatility is high, so now would be the time to sell to maximize premiums.
How low can it go? I’ve got some money I was wanting to put in but trying to wait for close to the bottom
I’m not trying to be doom and gloom, but it’s really rad that there are still things on the table that could make this worse
I wasn't around for the glory days of the 2008 crash so I'm excited for the opportunity to put my nerves to the test...
I got very lucky and sold all my SPY in my brokerage account at about 604 a few weeks ago. I’m tempted to buy back in, but we sold it with the intention of buying a new house in a few years, and I know there’s a good chance this doesn’t bottom out for a few years.
Typically, I advocate investing by lump sum, especially if this isn’t a long term investment, but this is the type of atmosphere I might DCA. If nothing else, it’s probably easier to stomach psychologically.
I’m already doing regular contributions. I just want to get this shit out of the savings account that’s been earning 4% and have been waiting for a dip.
I should know this but always forget, if I buy a mutual fund today after market closes. Do I get it at the price it closes at tomorrow?
1 year return on Dow is over 8% 2 yr return over 31% 5 yr 80% That’s AFTER an atrocious month. VTI and chill until I am ready to retire.
To be clear, I’m referring to DCA’ing a readily available sum of money. I know nobody is against DCA’ing in principle, but the general consensus is to invest all of your money as it becomes available regardless of market conditions. (To do otherwise would be timing the market). All I was saying is that I would understand why someone might DCA a readily available sum of money in this environment.
Had a "I should pull everything [in my side accounts] and then reinvest later" thought in the shower but changed my mind and am just sticking with the fixed monthly buys I've been on. Am I dumb.
Yeah. But the rush of nailing the timing of a trade is bliss. Just need to know you got lucky and no that you know more than everyone else.
I struggle to view investing as anything other than mandatory participation in a rigged casino game, so I'm definitely not laboring under the latter delusion.
I’ll get this stat wrong, but directionally correct. If you missed the biggest 10 days of the market (some index) over a 20 year period, your return over that 20 year period was 40% lower than the person who stayed invested the entire 20 years. 10 up days in 20 years, 40%. The math is abundantly clear.
I’ve thought about this stat recently, it also assumes you’re invested for the worst 10 down days too. It seems a bit unrealistic in practice.