The stock market thread Part II (The GME Phenomenom)

[Devilsfan992]

I'm getting shalacked these last two days

 

[Jacob]

I'm getting shalacked these last two days

Last month for me.

 

[Fixed to Ruin]

https://x.com/i/web/status/1820274913963344207

 

[johnjm22]

Nasdaq futures are down 5.31% as I type this. Gonna be an interesting day tomorrow.

I'm hoping the sell-off continues through this month. It will create a nice buying opportunity IMO.

 

[TheBeard]

I got in at ford on Friday at 10.05 and thought it was a steal.

I’m starting to think perhaps I should have waited.

 

[Jacob]

I got in at ford on Friday at 10.05 and thought it was a steal.

I’m starting to think perhaps I should have waited.

That's the same price it was in 1994.

 

[The Crypto Guy]

HUGE crash today!

 

[MXD]

TSLA missed earnings expectations by like 12%, they had to layoff a lot of their workforce and the stock is....up 10% after hours.

I don't understand anything anymore.

I've been BTC maxing the last few months anyway, but I need to get some exposure into NVDA at some point.

That aged superbly.

 

[Sasha Orlov]

Hey guys I’m new to trading, is it a good sign when the intel CEO starts praying?

 

[MXD]

Hey guys I’m new to trading, is it a good sign when the intel CEO starts praying?

He'd have no reason to pray if he hadn't been punching his own nutsack in the last two years or so.

 

[McGarnagle]

HUGE crash today!

Good times

AKA time to start buying on discount

 

[The Crypto Guy]

Good times

AKA time to start buying on discount

Scooped up a 3 more Eth at 2100 earlier, didnt think i would have been buying anymore but at that I couldnt refuse.

 

[TheBeard]

Scooped up a 3 more Eth at 2100 earlier, didnt think i would have been buying anymore but at that I couldnt refuse.

Easy money. I did as well (not 3)

 

[John Price]

 

[Bryanbryoil]

Hi guys, I am brand new to investing and would like to learn more before putting $ out. Long story short I am looking at longer term investments vs. becoming a guy that buys and sells a lot. If I get really into it I may consider doing some of the latter down the line, but my main goal is to grow money longer term 5-10+ years to help towards retirement and providing a better financial future for my kids. I am in the US and would also like to keep my tax liability low. Any help would be greatly appreciated!

 

[McGarnagle]

Hi guys, I am brand new to investing and would like to learn more before putting $ out. Long story short I am looking at longer term investments vs. becoming a guy that buys and sells a lot. If I get really into it I may consider doing some of the latter down the line, but my main goal is to grow money longer term 5-10+ years to help towards retirement and providing a better financial future for my kids. I am in the US and would also like to keep my tax liability low. Any help would be greatly appreciated!

Read Benjamin Graham's The Intelligent Investor. Stick to safe index funds (QQQ, SPY, etc.) until you have some enough research to have convictions on individual stocks. Once you do, FAANG stocks (like Apple, Microsoft, etc ) are good long term holds (but have more short term volatility if you can handle it). I'm a big believer in Bitcoin and ETH as long term stores of value, but I'm not steering anyone into crypto without them doing their due diligence and reading up on it.

For limiting tax liability, if you can open a Roth account and max it out, it will save you tax dollars in the long run. Otherwise you'll owe capital gains on whatever you do sell. The hack with Crypto is that it's coded as a commodity and not a stock by the SEC so it's not subject to wash sale rules, so if there's a dip, you can sell it at a loss and buy it right back and claim the loss on your taxes at the end of the year. Of course, consult your tax advisors and don't blindly listen to someone on the Internet on that.

 

[Bryanbryoil]

Read Benjamin Graham's The Intelligent Investor. Stick to safe index funds (QQQ, SPY, etc.) until you have some enough research to have convictions on individual stocks. Once you do, FAANG stocks (like Apple, Microsoft, etc ) are good long term holds (but have more short term volatility if you can handle it). I'm a big believer in Bitcoin and ETH as long term stores of value, but I'm not steering anyone into crypto without them doing their due diligence and reading up on it.

For limiting tax liability, if you can open a Roth account and max it out, it will save you tax dollars in the long run. Otherwise you'll owe capital gains on whatever you do sell. The hack with Crypto is that it's coded as a commodity and not a stock by the SEC so it's not subject to wash sale rules, so if there's a dip, you can sell it at a loss and buy it right back and claim the loss on your taxes at the end of the year. Of course, consult your tax advisors and don't blindly listen to someone on the Internet on that.

Thanks, what are the best places to compare stocks, ETF's etc.? The same for buying? I'm thinking that ETF's might make some sense for me, I like that some of them can have %'s of companies that I'd like to invest in but might not want to pay $400-$800 per stock.

 

[SlpLessInMuskoka18]

New video out August 20th 2024!




Edit: Q2 Finacials came out for anyone still digging. MC has moved up so be weary cse stocks are being hammered still

"As at the date of these Financial Statements, management has re-negotiated the cost of its VSAT managed services resulting in as much as a 50% reduction on current pricing. This is an important achievement and will increase gross margin and assist the Company in its objective to reach positive EBITDA as soon as possible.

As part of the Company’s ongoing financing efforts, management continued to increase its pipeline of financing options from other groups with expressions of interest of over US$ 60M resulting in the US$ 15M term sheet announced in May and agreed mandate to further increase this amount. With the Company’s contributed equity in NuRAN Wireless (Africa) Holding supporting this long-term debt, the additional financing options available, and cash generated in its subsidiaries, NuRAN is committed to showing regular progress in building the planned quantities of sites."

 

[EXTRAS]

Seems like it's time to get out of oil for a while. I'm heavy in oil right now, but will probably sell off at least half of that and grab some broadbased ETFs.

 

[HuGort]

Seems like it's time to get out of oil for a while. I'm heavy in oil right now, but will probably sell off at least half of that and grab some broadbased ETFs.

Because of the war? Iran attacked seemed kind of weak. Only friend they have is Russia. Who more than have their hands full. I can't see the Israel war going big.

 

[McGarnagle]

TSLA is about 20% of my portfolio at present but I regret not doubling down on it when the deep data was pointing toward the election results, given Elon's connections to the President elect. It's up 30% since Tuesday.

BTC and ETH also skyrocketing

 

[John Price]

stocks to the moon,my 401k says danke schoen

 

[McGarnagle]

BTC broke 80K for the first time

 

[The Crypto Guy]

Ether up 36% in the last week

 

[McGarnagle]

Ether up 36% in the last week

Still outpaced by BTC over a 1 month, 6 month, and YTD timespan. But having exposure in both is a good idea right now.

BTC zoomed through 80K and made it to $89K with no stops along the way. We could just be getting started here. I wish I had more but I'm happy I have what I have. Had to sell a ton of BTC and TSLA in May/June for the house down payment, if I hadn't I'd be significantly richer right now, though I have a place to live so it is what it is. The current spike is helping regrow my portfolio from the embers.