Investment year in review.

[phade]

Just now, johnplav said:

I stayed out of all this, but the more I think about it, the more it bothers me (halting retail investor buying).  I'm curious when they'll turn them back on?  Once values crash back down?  Or once short sellers buffer enough of their losses?  

It's pretty much a big slap in the face - the market is up because people pulled their liquidity from those positions and dumped them back into other stocks that were "safer" or were short squeezed to a lesser extent and still allowed to interact freely. And the market execs and news are acting like this is a winning day for the market. It's not "buying the dip" it's people were forced to take action by the big money and these companies.

Here is how ridiculous it is - Nokia - they just released 5G network news and will likely be a big player in it. RH locked out users ability to retail buy. Why? It wasn't a shorted stock! Only because this was a popular stock in Reddit/WSB and RH community. The volume was high, but no reason to lock it up. The stock has fundamentals! Stock tanked.

SNDL: A sub-$1 cannabis stock; sunk low for quality control issues over the past year but no real challenges to the fundamentals that are outside of the industry (almost all have profit challenges). Locked out by RH! Why? Because it was popular with the same crowd. Makes zero sense. Stock was up 76% this AM and loss momentum because people couldn't buy; only sell. How stupid.

Robinhood makes income off of selling user order data - TO THE INSTITUTIONS. The AI and Bots use this info in near-real time to make trades against the "dumb" money of retail. Who is their #1 buyer? Citron, the very group that was being bled on GME. Odd, eh?

Starts to make sense how big of an organized racket this really is. Guess who covered their shorts at $200 instead of $1,000 per share because they could keep trading but retail couldn't. This was done to keep the big groups from folding - zero doubt about it - and retail investors took it on the chin and were laughed at. News is saying "we told you it wouldn't end well for you kids." 

When Ted Cruz and AOC are on the same side - something is damn wrong. 

[First-light]

7 hours ago, Biz-R-OWorld said:

 

Hope you for your sell in. It’s down from
$20 to $8


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Calls expire tomorrow. If it closes above 9 bucks watch out it could run. This will be a battle tomorrow. 

Edited January 28, 2021 by First-light

[phade]

54 minutes ago, Belo said:

eh it's still over $200. It all depends on when you got on. Shit could still rocket tomorrow, or you could be kicking yourself for not cashing out at today's high. I think anyone in under $100 a share is pretty safe, maybe just not buying the new boat they thought they were.

I think its mostly over - I could be wrong, but AMC is issuing stock (smart by the company) and GME has a large SK investor group totally divest throwing shares on the market to be consumed by the shorts. Add in the BS from the platforms and I just don't see how that stock blows up unless the WSB group was REALLY right and and more right than they knew about the shorts and float.

I'm back into my REITs, dividend aristocrats, and a handful of growth stocks. I did throw $10 on dogecoin this AM and doubled it - crypto is dumb, but hey it was like buying a scratch off, lol. I now have 442 dogecoin for free, lol.

[9jNYstarkOH]

 

Says the quiet part out loud, hopefully the sec does something as this is a free market not on where only the elite should have the option to buy.

[sodfather]

[sodfather]

CEO of Robin Hood interview coming up on CNBC . Not my trading platform but should be a good listen 

[BizCT]

You don’t have the patience!!! I told you to hang on that Tesla before talks of stock split . But in Bizarre World you sold .. 
 
~ side note I sold just after the split 

Nothing wrong with profits though. We can all agree Tesla has a cult following but the valuation makes little sense.


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[BizCT]

Do not sleep on DKNG & PENN. Michigan goes live any day and NY would follow suit in 2021. NHL is gonna play. So there’s a game every night. March madness will help and so will in-game betting for NBA. Plus Portnoy and Barstool have a cult following.


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Gentle Reminder! Don’t get in too late!


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[First-light]

The CEO of RobbinHood was just on CNBC trying to save face. It was pathetic what they did today. 

[Nomad]

9 hours ago, Biz-R-OWorld said:

Agree 100%. The power of compound interest over many years is amazing. some don't have the patience and that's too bad.

The youngest referenced , between her 410k and bank acct . Is a year or so away from 100k . At her age I opened my first mutual fund for 3k . For a CPA she doesn’t understand investments to much ,but she listens well .

[BizCT]

The CEO of RobbinHood was just on CNBC trying to save face. It was pathetic what they did today. 

Class action lawsuit filed against robinhood today. Wonder how many gazillions of dollars are being transferred out by pissed customers. I know 7 people so far leaving tomorrow. I don’t use them personally.


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[BizCT]

The youngest referenced , between her 410k and bank acct . Is a year or so away from 100k . At her age I opened my first mutual fund for 3k . For a CPA she doesn’t understand investments to much ,but she listens well .

Nice. Have her play around with a 401k calculator online. Once she starts toggling the numbers and seeing the potential, she’ll be hooked


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[First-light]

1 minute ago, Biz-R-OWorld said:

 

Class action lawsuit filed against robinhood today. Wonder how many gazillions of dollars are being transferred out by pissed customers. I know 7 people so far leaving tomorrow. I don’t use them personally.


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I bought AMC with no problem today with Fidelity. My 16 year old daughter was intrigued with GME so we talked about what was going on and I said we would buy AMC at a low today. It's a casino bet but let it ride. See what happens but you have to be on top of it all day long. 

[steve863]

You guys seem obsessed with this stuff.  I've got more in my 401k than anyone I know personally and other than make my 15% contribution per paycheck barely ever look at it and haven't moved anything around in years.  There are more interesting things in life than wondering if my investments made an extra $5 today.  

[First-light]

8 hours ago, steve863 said:

You guys seem obsessed with this stuff.  I've got more in my 401k than anyone I know personally and other than make my 15% contribution per paycheck barely ever look at it and haven't moved anything around in years.  There are more interesting things in life than wondering if my investments made an extra $5 today.  

I find it exciting. You my friend are an exception, never looking at your 401k. I envy that because the markets have been doing real well and your 401k should be right up there. Now back to buying more stock!!! lol BTW if you're only looking for a $5 gain I wouldn't be in the game. I'm just not talking this blimp that is going on with a few short stocks. I'm talking real long term plays that you believe in and have huge returns........that's fun.......losses....not so fun!

[steve863]

47 minutes ago, First-light said:

I find it exciting. You my friend are an exception, never looking at your 401k. I envy that because the markets have been doing real well and your 401k should be right up there. Now back to buying more stock!!! lol BTW if you're only looking for a $5 gain I wouldn't be in the game. I'm just not talking this blimp that is going on with a few short stocks. I'm talking real long term plays that you believe in and have huge returns........that's fun.......losses....not so fun!

I don't think I am an exception.  I think most people don't monitor their 401K as much as you guys seem to.  Heck, many don't even contribute anything or very little to it.  I know this because I've seen our companies payroll records for the last 27 years.  The key is to  contribute and then let it work.  My balance is close to $1M at this point and I'm not retired yet.  I can live simply so this is plenty good for me along with my other savings, IRA, the SS I should be entitled to, so I won't obsess over any of it. 

[Lomax]

Market is now open to use and interpretation of investor groups using social media to compete with the large investors very interesting and almost expected within the trappings of its rules.  Notice Elon mentioned Bitcoin and it’s up 18%.   Next week when Some other celebrity billionaire mentions something they like that will jump.  I guess looking at fundamental financial ratios and projected growth paths no longer matter it’s just flavor of the week now.   But I will say this a lot of money to be made and has been made with these techniques and stuff people may not even understand.   Been fun to watch. 

[BizCT]

11 hours ago, steve863 said:

You guys seem obsessed with this stuff.  I've got more in my 401k than anyone I know personally and other than make my 15% contribution per paycheck barely ever look at it and haven't moved anything around in years.  There are more interesting things in life than wondering if my investments made an extra $5 today.  

I can only speak for myself, but I think several others do the same thing. It's 2 prong:

1. 401k/IRA's - nothing gets sold. It just keeps growing through buying every pay-check and employer contributions. This is the bulk of my retirement someday. I check it daily for fun, but don't make many changes. I max it out every year. As I get older I will turn more conservative, but for now I'm aggressive. 40% rolling 12-month return right now.
2. Liquid Investment/Trading fun account. Due to work, I am very limited on what individual stocks I can own. Need approval, etc. But I do trade sometimes, and also ETF's are fair game. I tend to keep 50-$75K in here, so if you get a 10% day it's $5-7K. Certainly not $5. I agree with @First-light, if you are worrying about $5 gains you shouldn't be in the market and instead paying off debt (if you have any).

Edited January 29, 2021 by Biz-R-OWorld

[steve863]

10 minutes ago, Biz-R-OWorld said:

I can only speak for myself, but I think several others do the same thing. It's 2 prong:

1. 401k/IRA's - nothing gets sold. It just keeps growing through buying every pay-check and employer contributions. This is the bulk of my retirement someday. I check it daily for fun, but don't make many changes. I max it out every year. As I get older I will turn more conservative, but for now I'm aggressive. 40% rolling 12-month return right now.
2. Liquid Investment/Trading fun account. Due to work, I am very limited on what individual stocks I can own. Need approval, etc. But I do trade sometimes, and also ETF's are fair game. I tend to keep 50-$75K in here, so if you get a 10% day it's $5-7K. Certainly not $5. I agree with @First-light, if you are worrying about $5 gains you shouldn't be in the market and instead paying off debt (if you have any).

My $5 gain remark was surely an exaggeration.  And other than my monthly credit card balance which I pay off promptly each month I have zero debt.  Even for $5K gains or more I am not going to spend any of my time with this stuff.  I am not wealthy but thinking about money and how much more I could potentially have is not what I want to worry myself with.  What will be, will be.

 

 

 

Edited January 29, 2021 by steve863

[Nomad]

I find it interesting that people will spend more time planning one hunting trip then their retirement .

[BizCT]

2 minutes ago, steve863 said:

My $5 gain remark was surely an exaggeration.  Even for $5K gains or more I am not going to spend any of my time with this stuff.  I am not wealthy but thinking about money and how much more I could potentially have is not what I want to worry myself with.  What will be, will be.

 

 

 

Understood. I think like others said it's exciting daily these past few years with such big fluctuations. But there's nothing wrong with buying long-term and sitting back without a care. I do that for months at a time as well.

[steve863]

4 minutes ago, Nomad said:

I find it interesting that people will spend more time planning one hunting trip then their retirement .

The planning part shouldn't be to monitor ones 401K gains or losses daily or hourly, but how one lives their life.  Americans have this need to buy every damned contraption that comes down the pike.  Much of it is a complete waste of their money.  People would be wiser to either save that money or put it towards their retirement.  That is pretty much all the planning they need to do, yet most can't even do that.

[BizCT]

1 minute ago, steve863 said:

The planning part shouldn't be to monitor ones 401K gains or losses daily or hourly, but how one lives their life.  Americans have this need to buy every damned contraption that comes down the pike.  Much of it is a complete waste of their money.  People would be wiser to either save that money or put it towards their retirement.  That is pretty much all the planning they need to do, yet most can't even do that.

I agree. It's sad when you see the avg. retirement amounts by age in this country. Too many people say they'll worry about it later in life, which is the worst possible approach. When I was younger, everytime i got a raise i would tack on an extra 1-2% to my 401K so I still felt the raise but not the full raise and put more towards retiring. Then I got to the point where I max it out each year. There's a lot of things I could do daily if I didn't put so much away, but i try to find a happy medium where i enjoy life and still retire early.

[moog5050]

Like Steve, I tend to dump money in my retirement account and don’t pay much attention.   And I think that’s fine when you have plenty of time before retirement.   It’s hard to beat the market as a whole.  

I also have family members that love playing the market.  Trying to make scores on specific stocks and timing the purchase and sales or shorting or whatever.  I am a lawyer, not investment expert so to me that is just another form of gambling.  Sometimes you win sometimes you lose.  Often we only hear about the big gains and not losses.  But again, it’s hard to beat a well diversified portfolio over the long term and I pay the experts to accomplish that for me  

I will leave it to the experts and accept moderate returns and invest heavy.   My account has earned 12%/yr for the last five.  That’s great for me.  No need to gamble on the higher risk plays for me. 

Nothing wrong with playing the market or hitting the casino, as long as you balance the risk like Biz suggested.   Not for me but as long as you aren’t gambling away your retirement and enjoy the daily excitement/adrenaline of ups and downs, go for it.   I find my excitement in other ways.  

Edited January 29, 2021 by moog5050

[sodfather]

All my plays except my options are long term 5 year plans . When I started playing with the market in 2017 my first stock was a chip manufacturer that rivaled IBM. My wife thought I was crazy cause IBM was the king at the time. My purchase is up %300 since . You have to look ahead that’s why it’s called investing . If your looking for the quick go buy some scratch offs .