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Who needs a job when you can just buy stocks?

Super Mario

Banned
While I can't mirror the OPs exact thoughts 100%, everyone should own stock. Between growth and dividends, it is a fantastic way to use your money. Day trading is a huge risk.

It's a shame that more people don't invest. "I can't afford it". Instead, we need social security to forcibly take people's money from them, pay it back in insignificant amounts, all while overpaying the program and bankrupting it.
 

DESTROYA

Member
Quick fast forward , the OP a year from now


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With the amount of Tesla stock I have right now, after the 5-1 split if it goes back up I’ll probably be retired by 40. With that in mind, I don’t count on it. It seems too simple and life just doesn’t work that way for the most part. I do also have a healthy Roth account and a good amount of savings in the bank. But I also don’t hate my job and have made a lot of friends at work. If I have to work another 30 years so be it.
 

JORMBO

Darkness no more
I had around $25k sitting in an old 401k account from the first company I worked for after getting out of school. Since it was just sitting there with no new funds coming in I decided to invest in individual stocks for fun to see what I could do. It's up to $65k now since last year. I have a ton of APPL. I've debated selling it at a few times in the past but glad I held on. Now I'm debating what to do come election time though. Not sure how the markets might react if power switches hand.

I wouldn't want to invest as a main job though. It can all easily come crashing down.
 
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You need to be rational about when to buy and sell

Two friends and I pooled our money and got in on bitcoin early and then out what I would consider too early also. But we all finished up far ahead. We are not millionaires, all ended up with over 100k euro though, for eastern Europe thats enough to buy an apartment and a country farm house with a large chunk left over

One of us ended up making close to 500k and then blew it all on risky investments.

Just be smart. Funny enough I got great returns on bannas and indian steel

I would never quit my day job to day trade though, do it as a hobby only
 
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I wouldn't count on consistent earning from stock. If you want to do that though, dividends are your friend. I go for etfs with good dividends, like SPHD.
 

EverydayBeast

thinks Halo Infinite is a new graphical benchmark
OP should feel happy for themselves but there’s nothing wrong with hard work it’s a choice I think learning stocks is great but you can always rely on hard work.
 

godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
OP I have also had impressive returns in the past twelve months, but I know I cannot expect these returns to be the standard going forward. You aren’t the golden goose of stock picking. It is a safer strategy than options, but it still isn’t a guarantee. Do this for five years, experience a full cycle under the new normal, before you quit your constant source of income.
Also, it won’t be long before lockdown affected industries pick up again and the capital flows their way, which could potentially crush your earnings.
 
Man if only GE was doing better.....

I bought puts with a long expiration date after the markopolos report. I sold them for a nice profit and bought longer dated ones since then. I can't sell them because I had a dream they declared bankruptcy and their stock was trading for pennies. I don't really know if it will happen but I'd rather lose the 1k in puts than wake up one day to a bankruptcy declaration.
 

Old Retro

Member
I've been draging my ass setting up a brokerage account. :messenger_unamused: I thought I would take advantage of the markets tanking.Hopefully I will soon.
 

AmuroChan

Member
Stocks is a supplemental income for me. It's a fun hobby, but not something I would risk my entire livelihood on. I've done well so far in 2020. The big decision for me will be whether to sell off everything just before the election. Depending on who wins, the market could drop precipitously in the aftermath.
 

Ten_Fold

Member
Buying any of the stocks you listened OP is for sure smart. I feel if you make decent money around 3-4K a month it should be easy to invest in stocks and just wait till it spikes and cash out.
 

Rookje

Member
I made 65K in the market in one year alone. Pretty nuts. I love waking up and seeing that I made 2K while I slept.

But its not gonna last forever, and I have a lot of friends in finance telling me to sell everything and move to a cash position because its going to crash. Not sure what to do right now.

 
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Drake

Member
I made 65K in the market in one year alone. Pretty nuts. I love waking up and seeing that I made 2K while I slept.

But its not gonna last forever, and I have a lot of friends in finance telling me to sell everything and move to a cash position because its going to crash. Not sure what to do right now.



It goes up, it goes down, it goes up, it goes down. If you are invested in mutual/index funds just ride it out and you'll be fine.
 
F

Foamy

Unconfirmed Member
I had around $25k sitting in an old 401k account from the first company I worked for after getting out of school. Since it was just sitting there with no new funds coming in I decided to invest in individual stocks for fun to see what I could do. It's up to $65k now since last year. I have a ton of APPL. I've debated selling it at a few times in the past but glad I held on. Now I'm debating what to do come election time though. Not sure how the markets might react if power switches hand.

I wouldn't want to invest as a main job though. It can all easily come crashing down.
Since your a longer term investor my advice would be to liquify a month before election. If the market dumps you'll be able to make a killing during the fire sale.
 

jadedm17

Member
You have no idea how much time I've spent watching Youtube videos on Tesla stock.





The last is MeetKevin and I can't say enough how everyone should watch him : He's funny, genuine, and a straight-shooter.
MeetKevin is when my Tesla love began, because as he breaks down the numbers he lays it conservatively and considers everything else (batteries, solar panels, SpaceX, etc.) all just "plus plus plus" as he says.

Then you get into the Mad Money guy teaching how advance their battery technology really is, and how far behind the "competition" is from Tesla.
Then you understand how GM, BMW etc have to convert expensive factories that make tradition engines to batterie manufacturing.
Then you learn how Tesla doesn't waste funds on advertising, they convert it back into R&D to further lap the competition.
Or how they dont need to convince dealers to sell EV's that don't need repair as much,Tusla cut's the middle nonsense.

Honestly I'm just starting into Tesla stock at ~$2000 when I wanted to around $1400 and already see missed potential. No more of that.
I'm with you OP, I'm deep in the Tesla hype train and will be making some gambles in that name.
If Tesla went under tomorrow I'd still be better than I was 9 months ago; I've just ran the scenarios and I like my odds. I have no doubt of Tesla breaking $3000, the question is how long and where it may go in the middle.
 

Chiggs

Member
With the amount of Tesla stock I have right now, after the 5-1 split if it goes back up I’ll probably be retired by 40. With that in mind, I don’t count on it. It seems too simple and life just doesn’t work that way for the most part. I do also have a healthy Roth account and a good amount of savings in the bank. But I also don’t hate my job and have made a lot of friends at work. If I have to work another 30 years so be it.

If you’re living in the United States, what‘s in store for your stocks and your Roth over the next ten years will reduce you to a pauper.

Do you think a country can keep printing money and piling on debt and just get away with it indefinitely?

USA = fucked.
 
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If you’re living in the United States, what‘s in store for your stocks and your Roth over the next ten years will reduce you to a pauper.

Do you think a country can keep printing money and piling on debt and just get away with it indefinitely?

USA = fucked.

Thats fine if you believe that. I don’t agree but you’re free to feel however you like.
 

Chiggs

Member
"Whats this trickery" was my thought too following Bitcoin when it was $130. Then 300. Then 800. I didnt imagine itd hit 1300.
It topped at $20,000 before settling around half that, and today is back around $12,000.

You can believe what you want but theres insane money to be made and higher risk is higher reward. Simple.

It’s not like I don’t invest. I dabble in stocks, got a Roth, 401k, etc. There’s just no way this continues past this fall. Major market correction incoming, and I don’t trust the US dollar at all.

Having tangible assets, like land, gold, silver, etc. seems to me to be a priority right now.

Admittedly, I do find Bitcoin to be completely untrustworthy. Glad you had some success with it, though.
 

MaestroMike

Gold Member
You have no idea how much time I've spent watching Youtube videos on Tesla stock.





The last is MeetKevin and I can't say enough how everyone should watch him : He's funny, genuine, and a straight-shooter.
MeetKevin is when my Tesla love began, because as he breaks down the numbers he lays it conservatively and considers everything else (batteries, solar panels, SpaceX, etc.) all just "plus plus plus" as he says.

Then you get into the Mad Money guy teaching how advance their battery technology really is, and how far behind the "competition" is from Tesla.
Then you understand how GM, BMW etc have to convert expensive factories that make tradition engines to batterie manufacturing.
Then you learn how Tesla doesn't waste funds on advertising, they convert it back into R&D to further lap the competition.
Or how they dont need to convince dealers to sell EV's that don't need repair as much,Tusla cut's the middle nonsense.

Honestly I'm just starting into Tesla stock at ~$2000 when I wanted to around $1400 and already see missed potential. No more of that.
I'm with you OP, I'm deep in the Tesla hype train and will be making some gambles in that name.
If Tesla went under tomorrow I'd still be better than I was 9 months ago; I've just ran the scenarios and I like my odds. I have no doubt of Tesla breaking $3000, the question is how long and where it may go in the middle.


there are many stocks i'd love to own but their price to earnings ratio is in the high 20s and into the 30s. thats too high for me. now tesla is over 1,000. 1,000!! thats fukking insane. that stock is so hot excruciatingly hot. i shouldn't even be telling you this because I benefit if you and everyone else puts all their capital into this and other hot as$ tech stocks because it makes the other great non-tech stocks cheaper for me to buy but I don't like to see people getting in late and then getting slaughtered when the eventual correction comes. If u wanna put ur dough into fine, but consider urself warned about what may happen. if more people get suckered into these tech stocks and u end up making some gainz off ur initial investment by like 25% or 50% just sell it ASAP and make a quick gain. Thats a good return don't be greedy with this gamble

real investors shouldn't even be telling people to invest in stocks dang it!! long-term investors are getting hurt cuz demand is increasing with a limited supply making sh!t more expensive!!
 

finowns

Member
I have a good percentage of my portfolio in bitcoin. It’s supposed to hit 20,000 in 2022, it recently fell from 12000+ to holding at 10,000. We will see.
 
If you’re in it for the short game I’m sure he’s hurting but I don’t think most people get into stock to make a quick buck. It’s definitely a game of chance but so is everything really.

If your in it for the long term you need a crystal ball to see how TSLA isn't overpriced with a 1k PE ratio.


If you play the long game you should at least look at the fundamentals.
 

Weiji

Banned
Lmao, sold like 25% of my Tesla at $2000 and another 50% of my Tesla and $500 (literally the interday top).

Just jumped back in With the initial 25% at $320 after hours, gonna just average in if it keeps falling.

Feels good man.
 

Kagey K

Banned
Hopefully you didn’t quit your job, that kind of rebound is unprecedented and unlikely to happen again.
 
S

SLoWMoTIoN

Unconfirmed Member
Lmao, sold like 25% of my Tesla at $2000 and another 50% of my Tesla and $500 (literally the interday top).

Just jumped back in With the initial 25% at $320 after hours, gonna just average in if it keeps falling.

Feels good man.
maxresdefault.jpg
 

SafeOrAlone

Banned
Stocks seem like a smart move for someone like me, who is finally starting to save some extra money I could risk. Someone take me under their wing.
 

godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
I have a good chunk of my net worth in my portfolio, close to 70%. These days have been wild, but I believe in my positions, so I just hold. Good that things picked up today.

Yesterday my portfolio went down like $40k and for a moment there I panicked and logged into Vanguard to do some emotional trades, but thankfully I was able to stop myself.
 

DarkestHour

Banned
I have a good chunk of my net worth in my portfolio, close to 70%. These days have been wild, but I believe in my positions, so I just hold. Good that things picked up today.

Yesterday my portfolio went down like $40k and for a moment there I panicked and logged into Vanguard to do some emotional trades, but thankfully I was able to stop myself.

Emotional trades were my biggest mistake when starting a few years ago. I originally invested in Nvidia, Tesla, Roku, and Apple. Only one I was smart enough to stay with was Apple. I got scared last year when the market took a huge shit and got out of the other three like a dumbass.
 

godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
Emotional trades were my biggest mistake when starting a few years ago. I originally invested in Nvidia, Tesla, Roku, and Apple. Only one I was smart enough to stay with was Apple. I got scared last year when the market took a huge shit and got out of the other three like a dumbass.
Yeah, I held through that one. I am also dumb enough to have held all of my crypto. After almost three years since the crypto boom of 2017, I am finally going to break even on those, and I am happy with it, but if I was a better trader I could have sold at the top.
 
Well the OP might be a little too overenthusiastic, but stocks can be a fun hobby and as long as you stay alert the risk of losing too much is quite small. But definitely only invest money that you feel you could actually lose without starving.

That said, my biggest regret in my life was hearing about bitcoin 11~ years ago, scoffing and saying "someone who pays real money for pretend money is stupid". Oh how I wish I had sold everything my 17 year old self owned and bought bitcoins hahaha!

The greatest man of my country took a dive head first into Bitcoin years ago. Now he lives a rockstar life in Miami and posts videos online of himself driving luxury cars and fucking escorts while drunk and saying crazy, silly stuff.

True story.

Could have been you, Dog.
 
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MrMephistoX

Member
I mean I work for a startup that IPOed before COVID so if it’s possible take that windfall and reinvest it continuously after 4 years I’d happily do it and retire day trading?
 
F

Foamy

Unconfirmed Member
We headed DOOOOWWN folks.
Make no mistake we are on a slow moving train to Hurtsville. Buy volatility index and short short short everything else.
 
We headed DOOOOWWN folks.
Make no mistake we are on a slow moving train to Hurtsville. Buy volatility index and short short short everything else.

Maybe. I wouldn't make any hasty moves till after the election. I think there is a lot of upside if Trump wins. Also buying volatility index and shorting is for brainlets. Everyone else buys precious metals or crypto if they are worried, or possibly treasury bonds.
 
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epicnemesis

Member
As a financial advisor, please don’t listen to the OP.

Feel free to reach out for a more nuanced answer, but that OP stuff is NOT the way to play long term.
 
Don't listen to financial advisors, if they were really good at giving financial advice why wouldn't they use their own advice and get super rich and retire to their yachts? Yeah.

I had TSLA pre-split when it was $200 a share ($40 a share post-split). I can confirm my TSLA has done pretty well. People will try to tell you that was a once-in-a-lifetime opportunity but I've already seen INTC, AAPL, MSFT, FB, NFLX, AMZN, TSLA, NVDA, AMD, ZM, SQ, PYPL, etc. all in my lifetime. You only need to catch a ride on one of these trains and you're set for life. Good luck out there, fellow Travelers.

P.S. Stonks go down, stonks go up. You can't explain that!
 
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Hugare

Member
You don't need a degree in economics to know that living from buying/selling stocks is too risky.

All you have to do is to do some research about actual history

Economy moves in waves, OP

You're probably joking, but if serious, listen to me and stay at your job, ok?
 
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