OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[アミーゴ]

Ive noticed youve unquestionably lost large amounts of money as well. Like buying up six figures of AMC at damm near 20 bucks

What are your total gains/losses on the year?

This is completely wrong - the most I spent on AMC was 15.80 and that moved my position from the 5’s to the 6’s.

The T12 I’m +628k

 

[アミーゴ]

You gotta take アミーゴ posts with a grain of salt man. Personally, I believe nothing the man says.

You just don’t like me l o l

We appreciate you though b

 

[turbospartan]

Just snagged some CURI

 

[essential1]

This is completely wrong - the most I spent on AMC was 15.80 and that moved my position from the 5’s to the 6’s.

This year alone I’m +628k

Let me borrow $4k. And by borrow I mean never give it back

 

[Otaku]

Entrance fee is done through Western Union.
Lets get rich

Spoiler

JUST KIDDING

Sent it to you.....70 years ago.

Spoiler

 

[degenerate423]

TSLA with the strong support at $800 .

GME with the strong support at $50 .

 

[ballinsam23]

I’m legitimately upset I didn’t put the boat on SQ

 

[アミーゴ]

Just snagged some CURI

ATTA BOY

 

[johnnyredstorm]

I’m legitimately upset I didn’t put the boat on SQ

That’s the feeling you always want to have. I’m glad I added the three times I did but wish I had more.

I’m looking into starting a position in PACE Nerdy sounds interesting and as a teacher, I definitely see the value in the service. Growth is modest but the multiple is fair. 30% for a 1.7b mc trading 7x 22 sales is decent. CHGG w a similar CAGR is trading 14x sales. if I grab any it will be a small position.

https://www.tpg.com/sites/default/files/2021-01/210128%20Victory%20Investor%20Presentation_v05.pdf

edit: took 50 shares. Will leave this alone and not look at it. Don’t expect much action as the street will misunderstand it.

 

[D StaXX]

BRQS
Added LGHL as well.

LGHL
SOS
LGHL
BRQS

All running with Bitcoin. What a week.

 

[ahat]

Chef CURI

 

[truss]

I have 5.4k due coming due in a CD. I’m thinking most in the Roth. Y’all suggest singular stocks? ETFs?

Is bag holding ark on a 30 year basis realistic?

 

[anderson]

all depends on ur risk tolerance and age.

for me - i buy the same stocks in my individual in my roth. i dont own any etfs.

 

[hennessy]

You just don’t like me l o l

We appreciate you though b

I like you man. I’m just weary of people who appear to only win. I’d take you more seriously if you showed some humility or some loss porn. Glad you’re doing well but no one bats 100%. And you make it seem like that everywhere but in the SB Dunk thread If you’re up $600k+ this year you CAN AFFORD to pay resale for kicks, instead of asking for handouts.

I’m never passing serious judgement on internet strangers. If we met IRL its be different.

Don’t be afraid to share your mistakes and shortcomings. That’s where the real lessons are learned.

 

[アミーゴ]

hennessy asking for handouts? Why can’t someone be frugal and not want to pay resell? You realize that’s how wealth is built...?

No one is going to tell me how to spend MY money

I’ve posted my L’s - I missed on Boeing last year and posted multiple times about it - idk what else you want from me lmao

 

[Lucky13s]

I have 5.4k due coming due in a CD. I’m thinking most in the Roth. Y’all suggest singular stocks? ETFs?

Is bag holding ark on a 30 year basis realistic?

TLDR: I love the mutual fund FBGRX. Check out the attachments. Can’t expect same returns going forward but if the economy is strong then expect a nice return.

Longer:
Over the past 10 years, FBGRX has outperformed even extremely popular and great ETFs like VOO, with an average yearly return of about 19%. It has had three subpar (subpar as in single digit growth) years, including a year where it LOST like 4%, but if this is for your retirement and you can hold for 5+ years even through a correction or bad year then I’m confident you’ll be happy. The last 5 years in particular have been amazing, with an average return of 30%! That’s ridiculous for a mutual fund. Last year it gained 60% which is mind blowing for a mutual fund. That’s unrealistic but during the past 15 years they’ve had several years of gaining over 15%. Imagine owning a stock you don’t even have to look at because you know a pro is actively managing it and has been killing it.

If you look at what they invest in, it’s a lot of the blue chip companies you want in your portfolio. But it invests in 500+ companies and is actively managed, so if one company has terrible news you don’t worry. Tesla down 5%? The mutual fund may still be green that day because NVDA may up 8%. The other day when VOO and SPY were red, it was still slightly green. I’ve only owned it for a bit but so far I love it and keep adding to it. I have about 8K in it. I’ve been wary of a correction but I may add another 5K-8K into it soon and just not stress about it. Even with a correction, I trust it to rebound stronger than ever.

 

[hennessy]

hennessy asking for handouts? Why can’t someone be frugal and not want to pay resell? You realize that’s how wealth is built...?

No one is going to tell me how to spend MY money

I’ve posted my L’s - I missed on Boeing last year and posted multiple times about it - idk what else you want from me lmao

You should treat yourself to some dunks man. You’ve earned it. That’s all I want from you is to win on some dunks

 

[アミーゴ]

You should treat yourself to some dunks man. You’ve earned it. That’s all I want from you is to win on some dunks

Right I’m saying I want to WIN them not pay 3x for them - I’m a simple man with simple needs, and spending a premium on dunks is not it.

Paying for my boat IS
Real estate IS
Dinners with DCAllAfrican and suberzat1 IS

 

[Lucky13s]

truss Do your own research of course, but I sold my large cap blue chip individual stocks and threw them into FBGRX. I’ve been way less stressed now.

I’m still somewhat young, so I can tolerate a little risk since I plan to hold several years. For a mutual fund, it has a big expense ratio and is a bit risky. But looking at their 15 year average return makes it worth the risk to me.

I also bought 3K of ARKW. All the ARK ETFs have been doing amazing, but we don’t have historical data on them so I worry a bit about them. I probably won’t add much to it, and will monitor that one a little closer, but I like their upside. I’m definitely not married to it though.

I’m evaluating ARKK and ARKG, may trim ARKW a bit and throw a grand or two on each, but I’m a bit uneasy about it still.

My portfolio is a work in progress and I’m not a pro so I advise listening to other suggestions in this thread.

 

[hennessy]

Boat money

Right I’m saying I want to WIN them not pay 3x for them - I’m a simple man with simple needs, and spending a premium on dunks is not it.

Paying for my boat IS
Real estate IS
Dinners with DCAllAfrican and suberzat1 IS

Ok understood. Now stop calling me the richest NTer you know

I miss suberzat1 . Haven’t seen him since I played another NTer 1v1 in hoops for $50. He officiated.

DCAllAfrican is a real person?!

Was just talking to my friend about his boat. What you looking at?

 

[johnnyredstorm]

I’m all about trying to beat the index but if you don’t want to do the work or have the risk for it, mutual funds work. SPFZX ZVNBX CPOAX BDDFX DFCIX PWJZX have been holding it down for my daughter.

bot 5 more shares of U and it went straight down

 

[jjs]

Ok understood. Now stop calling me the richest NTer you know

 

[coolcool]

i've also added CURI. GL TEAM

 

[southernhospita]

TOS and Tastyworks literally charge the same commission except Tastyworks is upfront with it and only charge for 10 contracts #facts

I got gripes with all these trading platforms
But RH makes it beyond simple #facts

if they had a customer service rep you can call and didn’t freeze up as much they would do better

In fact I personally had all of the platforms that I have used freeze up on me one way or another

I love fidelity but it’s to many buttons to press to buy options (time is everything ) so I need something that would let me go straight to work

 

[hennessy]

Sold 57/87 SQ this week. Between 20-27% gains from Jan 21st.

Sold all 126 NVTA this week also. 11% gains from Jan 26th.

I’m only holding 30 SQ right now almost all cash. Market feels too euphoric. Up like 25% in three weeks. Amazing. I’ll buy back in when people are panic selling.