OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[kvsm23vs24]

It’s not a lot playa. Been investing for a few years. Let’s say 4 years. So I’ve only put in about 5-6k a year. Couple years where I was just terrible and didn’t care. Wasn’t since like 2 years ago I was more engaged. Even now I don’t add a lot I feel.

 

[アミーゴ]

It’s not a lot playa. Been investing for a few years. Let’s say 4 years. So I’ve only put in about 5-6k a year. Couple years where I was just terrible and didn’t care. Wasn’t since like 2 years ago I was more engaged. Even now I don’t add a lot I feel.

Great what are the tips for the thread?

 

[antidope]

It sounds cliche, but Time in the Market>Timing the Market, and unless you think the construct of capitalism will fail, you can't go wrong with buying the S&P 500 in some shape or form. I would recommend an ETF over a Mutual Fund, and within ETFs; VOO.

By far my most important/frequently disbursed tip. It won't fail and it will beat the majority of people who try and do other things

 

[アミーゴ]

It sounds cliche, but Time in the Market>Timing the Market, and unless you think the construct of capitalism will fail, you can't go wrong with buying the S&P 500 in some shape or form. I would recommend an ETF over a Mutual Fund, and within ETFs; VOO.

By far my most important/frequently disbursed tip. It won't fail and it will beat the majority of people who try and do other things

What are you shorting currently?

 

[antidope]

What are you shorting currently?

Not a thing. 100% long. Sitting on Market Optimist island.

 

[kvsm23vs24]

*Consistency- always add money in. At least 10 a week until you get a rythym.
*Game plan- whether you like option, divs or growth stocks stick to it. Find out what you like.
*As Anti mentioned, time in the market> timing. I once bought some BTC when it was at 7k. Now it’s in the 50s. You can never time it. Investing is a long game. NVdA is another good one. One day it’s in the 150 all of a sudden it’s selling for 700.
*Don’t be scared to fail. There’s gonna be stocks that you think should do well but are trash. I always thought Disney was a powerhouse, but the stock is pretty trash. How much more can Disney grow and create revenue. Tho, it is doing better now.
*Read. Always something new to learn. Share portfolios. Anytime I see the homies portfolio makes me want to hustle even more.

 

[johnnyredstorm]

I probably would’ve made a million if I just held the first few stocks I ever bought in 2010 and didn’t do anything for 14 years.

 

[xbiker47]

Buy good stocks, never sell.

Repeat repeat repeat

 

[アミーゴ]

Not a thing. 100% long. Sitting on Market Optimist island.

What do you mean by LONG and HOW LONG?

 

[アミーゴ]

*Consistency- always add money in. At least 10 a week until you get a rythym.
*Game plan- whether you like option, divs or growth stocks stick to it. Find out what you like.
*As Anti mentioned, time in the market> timing. I once bought some BTC when it was at 7k. Now it’s in the 50s. You can never time it. Investing is a long game. NVdA is another good one. One day it’s in the 150 all of a sudden it’s selling for 700.
*Don’t be scared to fail. There’s gonna be stocks that you think should do well but are trash. I always thought Disney was a powerhouse, but the stock is pretty trash. How much more can Disney grow and create revenue. Tho, it is doing better now.
*Read. Always something new to learn. Share portfolios. Anytime I see the homies portfolio makes me want to hustle even more.

I have about $38k currently could I send it to you for your investing support?

 

[アミーゴ]

Buy good stocks, never sell.

Repeat repeat repeat

Yeah but you are known as the money man - must be nice

 

[アミーゴ]

I probably would’ve made a million if I just held the first few stocks I ever bought in 2010 and didn’t do anything for 14 years.

Why not a billion?

 

[xbiker47]

Yeah but you are known as the money man - must be nice

Far from it

I know a guy

 

[6 Rings G.O.A.T.]

 

[アミーゴ]

Far from it

I know a guy

Thanks for the response

 

[Brownstone]

Nearly every mistake I have made with few exceptions have been because I have sold too early

Except for SNAP, sold right on time

 

[Rj4147]

Is it good to dca VOO? Or wait until a price drop to put a decent amount in all at once. I think either way it’s win win. Just seeing how you all go about investing in etfs

Also, what resources do you all use to read up on some emerging stocks? Thinking something ai related will blow up this year. Got the excitement there, just now some more implementation

 

[アミーゴ]

Nearly every mistake I have made with few exceptions have been because I have sold too early

Except for SNAP, sold right on time

Didn’t you work at SNAP?

 

[kvsm23vs24]

Is it good to dca VOO? Or wait until a price drop to put a decent amount in all at once. I think either way it’s win win. Just seeing how you all go about investing in etfs

Also, what resources do you all use to read up on some emerging stocks? Thinking something ai related will blow up this year. Got the excitement there, just now some more implementation

Can’t go wrong with VOO. DCA for sure. Don’t try and time the market.

 

[アミーゴ]

Can’t go wrong with VOO. DCA for sure. Don’t try and time the market.

Should I cash out my 401k and move it to VOO?

 

[johnnyredstorm]

Is it good to dca VOO? Or wait until a price drop to put a decent amount in all at once. I think either way it’s win win. Just seeing how you all go about investing in etfs

Also, what resources do you all use to read up on some emerging stocks? Thinking something ai related will blow up this year. Got the excitement there, just now some more implementation

I usually dca into the index every week to couple of weeks. If you want to keep a bigger load of money on deck for a correction, that makes sense as well but I would do both.

 

[WASHED KING]

Direction's unclear. Buying short date options close to exp on full tilt.

 

[antidope]

Direction's unclear. Buying short date options close to exp on full tilt.

Disagree. Still believe in my start of the year thesis. The market doesn't lose money in year 4 of a first term president. Just not a thing.

 

[アミーゴ]

Election year

 

[s0lefunk]

Should I cash out my 401k and move it to VOO?

Absolutely not. Just adjust your allocation to whatever S&P 500 index fund your plan admin offers.