Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1

Although, technically, since I just opened the position on Friday, I made a 2,854% annualized return. Sounds much more impressive this way.
 
I put in 2k today on 10 different ETFs. I was going to do just 3 but I just decided to spread it out. Even if many of the ETFs hold the same large caps companies I feel better this way. I'm holding on to 125k in MMA and thinking of putting 1k a week.
 
Cuzcatlan said:
I put in 2k today on 10 different ETFs. I was going to do just 3 but I just decided to spread it out. Even if many of the ETFs hold the same large caps companies I feel better this way. I'm holding on to 125k in MMA and thinking of putting 1k a week.
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You've got over 100 grand in a penny stock?!
 
Hold up.

We aren't in a global death spiral?

I'll bet ssooooo many people sold at the bottom on Friday.
 
5% upwing for the SPY today from its dead cat bottom
 
This is a traders wet dream. Volatility is off the charts.

What next is anybody's guess. I would not be surprised by another bloodbath or a face ripper this week. These are good opportunities to buy stuff on the cheap.
 
My lowest buys of the day:

AAPL: $177.0
AMZN: $171.18
GOOGL: $144.26
MSFT: $352.85
URI: $547.48
OXY: $38.12
RLI: $73.5
 
Valuations are still too high for the individual stocks I would ever consider putting a meaningful amount of money into.
The last time I bought stocks was the Fall of 2022.
The time before that was during the GFC in 2007-08.
The time before that was after the epic meltdown in 2000-01.
 
AFanNotAFighter said:
Valuations are still too high for the individual stocks I would ever consider putting a meaningful amount of money into.
The last time I bought stocks was the Fall of 2022.
The time before that was during the GFC in 2007-08.
The time before that was after the epic meltdown in 2000-01.
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You partly missed out on a pretty epic bull run since the Great Recession then. If you had been adding from 2009-2021 you would have done very well.

Anyway...Alphabet is a money making behemoth and is trading at 17x earnings right now.

Price to earnings/growth is less than 1. It's 0.9. etc, etc.
 
HOLA said:
Have to wonder how the quant gods over at Renaissance Technology are doing. In 2008 they actually made a 152% return!
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My old fella casually mentioned years ago he was offered an opportunity to invest some money at a 'ren tech' but it was minimum 10 mill. It sounded like a scam so tried to search up some info to dissuade him. The finance subs clued me in on renaissance but I'm still not sure if it was a legitimate offer or not as he hates talking about money and clammed back up when I kept asking questions.
 
MMA IAN said:
My old fella casually mentioned years ago he was offered an opportunity to invest some money at a 'ren tech' but it was minimum 10 mill. It sounded like a scam so tried to search up some info to dissuade him. The finance subs clued me in on renaissance but I'm still not sure if it was a legitimate offer or not as he hates talking about money and clammed back up when I kept asking questions.
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Renaissance technologies has some shitty funds that are open to outside investors. Anyone can buy shares with pocket change.

The Medallion Fund, which is their legendary quant fund that Jim Simons and Robert Mercer were involved with, has been closed to outside investors since 1993. You can't put your money in unless you work for Renaissance Technologies, and you can't work for Renaissance Technologies unless you have a PHD in physics, statistics, or something like that.
 
Bank earnings next week. Should get really interesting to see how things are going out there and what they have to say going forward.
 
HOLA said:
You can't put your money in unless you work for Renaissance Technologies, and you can't work for Renaissance Technologies unless you have a PHD in physics, statistics, or something like that
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Yeah that's what I came across and made me doubtful, didn't realise they had some outside fund as well. It's just the workers, friends and family. Pretty cool program they've got though, be interesting to see how they go through this.

It's also interesting seeing what you guys are doing atm as I'm a wallstreetbets style retard when it comes to stocks. I can see the opportunity to make some good money atm, I hope you all make bank.
 
Pittie Petey said:
I was doing ok in stocks but getting destroyed in crypto, which was keeping me on the red, but thankfully now Im getting absolutely reemed in stocks so crypto isnt my biggest loser anymore

I think Im qualified to start a Youtube crypto show now

The kid wins again
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Have you thought of letting your cute canine pick stocks for you? Take a dozen paper plates and write the name of a stock you’re considering buying on each plate. Then put a treat in each plate and see which one she goes for first.

If she picks a good one then you relinquish all financial decisions to her!
 
HOLA said:
You partly missed out on a pretty epic bull run since the Great Recession then. If you had been adding from 2009-2021 you would have done very well.

Anyway...Alphabet is a money making behemoth and is trading at 17x earnings right now.

Price to earnings/growth is less than 1. It's 0.9. etc, etc.
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I didn't miss out on anything. I'm talking solely about individual stocks I buy for my brokerage account. That entire time period you cited I was still employed and DCA'ing into my retirement accounts.
 
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