Economy stonks only go up v6.1

[badascan]

this.

if long term, it looks like a great time to buy for most stocks/sectors. if short term, buy/sell like every day.

Id be a long term guy. Would you recommend opening an IRA then rolling it into mutual funds? I have a fair amount of cash just sitting in savings/checking accounts...

 

[rob mafia]

Id be a long term guy. Would you recommend opening an IRA then rolling it into mutual funds? I have a fair amount of cash just sitting in savings/checking accounts...

no, but i'm just no fan of mutual funds.


edit: i mean, i don't really like ETFs (in general, at least), but i'd recommend just dumping into SPY or something before a mutual fund.

but really, i only recommend individual stocks. funds/ETFs grab broad bunches of stocks to mitigate risk, but it also mitigates reward. and some stinkers will be included that you'd likely be better off without, especially if you do some research on your own.

ie: amd vs intel.

amd has (imo) a very bright future. intel's future is absolutely fucked. and once their cash/buybacks run out, their SP is likely to indicate such (i mean, barring an act of god that cripples amd and allows intel time to get their r&d up and get competitive again). SPY includes both, the semi index contains both (obviously). if there are mutual funds that are more tailor-made to what you want, that might be ok (still has fees and shit, i'm sure), but i'd rather put my money on companies i have confidence in, rather than broad strokes.

 

[brackis1]

I tried to make a big bet on Laredo Petroleum on a limit order....10% of the order filled....then it went up 63% lol

 

[Stoic1]

Big fish are all over the map on bottom projections.

Some are saying they are going in with the DOW at 20k. Some are saying 17k. Extremists are saying 10k.

Some real talk though. People are saying that Q2 earnings and GDP won't post until August. That number is going to be negative and that is where you will see either A) The BIG bottom or B) Another massive drop.

So I see 2 scenarios A) The market continues to drop and bounce as it trends downward to see the final curtain late July/August. B) The market continues downward but starts trending back after the big money gets back in the game at 20k/17k or whatever and then takes another massive dive in August.

You guys who are day trading are doing so in a really risky time. The volatility is insane.

 

[rob mafia]

You guys who are day trading are doing so in a really risky time. The volatility is insane.

the bright side is... so are the premiums.

as for your scenarios - i have to think that lower earnings/revenue are priced in, at this point. honestly, much of the bullshit should be priced in now... but this is all being fueled by fearmongering and momentum.

 

[brackis1]

Big fish are all over the map on bottom projections.

Some are saying they are going in with the DOW at 20k. Some are saying 17k. Extremists are saying 10k.

Some real talk though. People are saying that Q2 earnings and GDP won't post until August. That number is going to be negative and that is where you will see either A) The BIG bottom or B) Another massive drop.

So I see 2 scenarios A) The market continues to drop and bounce as it trends downward to see the final curtain late July/August. B) The market continues downward but starts trending back after the big money gets back in the game at 20k/17k or whatever and then takes another massive dive in August.

You guys who are day trading are doing so in a really risky time. The volatility is insane.

lol anything below 18-20k is absurd short of a legitimate war or massive financial shock unrelated to current situation. And I'm a bear.

 

[brackis1]

Jesus.
I would have made over 20k today if my Laredo order had filled rofl. Oh well.

 

[Shoemaker]

Yes

"What did the man with two penises say when his tailor asked him if he dresses to the right or to the left?"

Apologies for the off-topic, keep making money boys.

 

[kahiljabroni]

Funny thing is that even if the Corona bullshit never happened the market was completely overpriced in bubble territory. I mean say there's no Corona....can the market go another 20% this year after the insane returns last year?.....and a 12 year bull market?

This was a market crash searching for a reason to happen because everyone knew it was over valued. If it wasn't Corona and oil it would have been the election. Im still banking on it having a long way to fall in next couple months before i jump back in guns blazing.

 

[Hadron90]

Id be a long term guy. Would you recommend opening an IRA then rolling it into mutual funds? I have a fair amount of cash just sitting in savings/checking accounts...

Mutual funds are trash. Look at ETFs. Keep a mixture ETFs and bonds.

 

[Gandhi]

Put a bunch in at the opening bell based on yesterday’s big drop. That’s about as speculative as I get.

 

[Gandhi]

Mutual funds are trash. Look at ETFs. Keep a mixture ETFs and bonds.

Do you mean Corp bonds or govt bonds to reduce risk? I don’t do the the latter, I want the higher long term return, just means I have to hold my stomach harder during the downturns.

 

[Headkicktoleg]

Anyone else going long on toilet paper?

 

[Hadron90]

Do you mean Corp bonds or govt bonds to reduce risk? I don’t do the the latter, I want the higher long term return, just means I have to hold my stomach harder during the downturns.

govt bonds. If you don't mind risk, then you can ignore it. But if you are like most people, when you see your portfolio dip too much, you make reflex decisions which usually leads to bigger losses. Offsetting some risk can let you avoid big dips, and hence avoid doing stupid shit.

 

[Gandhi]

govt bonds. If you don't mind risk, then you can ignore it. But if you are like most people, when you see your portfolio dip too much, you make reflex decisions which usually leads to bigger losses. Offsetting some risk can let you avoid big dips, and hence avoid doing stupid shit.

No I get it.

I am well aware of the philosophy and as you get older it’s also good retirement planning.

But I am just saying I have a different philosophy. Beyond making some small timing calls (like I bought more than I normally dollar average this morning) I stay away from diversifiable risk and go broad index, but on the other hand I am zero bonds and 100% equity.

My return will be decent I just may have to ride out some bumps here and there, maybe only semi retire at low 50s instead of 100%, if things take a wrong turn.

 

[brackis1]

im very lucky to have a big short on Live Nation and Tesla right now.

 

[Cid]

govt bonds. If you don't mind risk, then you can ignore it. But if you are like most people, when you see your portfolio dip too much, you make reflex decisions which usually leads to bigger losses. Offsetting some risk can let you avoid big dips, and hence avoid doing stupid shit.

Are you buying the bonds through an ETF? It's just that you mentioned ETF's and bonds separately and you're saying govt bonds.

If you're on the ETF bandwagon for shares why not do the same for bonds? My bond ETF has about 6000 holdings of highly rated corporate and government bonds. With that level of diversification I'd argue that the risk is less than that of any single government no matter how safe it is and you get to pocket a higher rate because a % of that is corporate and their yield is higher.

You can even create your own little bond portfolio through two or three ETF's and adjust how much you put into each if you want.

I just think that buying govt bonds you're leaving money on the table that you could be taking with an ETF without adding any risk.

 

[Hadron90]

Are you buying the bonds through an ETF? It's just that you mentioned ETF's and bonds separately and you're saying govt bonds.

If you're on the ETF bandwagon for shares why not do the same for bonds? My bond ETF has about 6000 holdings of highly rated corporate and government bonds. With that level of diversification I'd argue that the risk is less than that of any single government no matter how safe it is and you get to pocket a higher rate because a % of that is corporate and their yield is higher.

You can even create your own little bond portfolio through two or three ETF's and adjust how much you put into each if you want.

I just think that buying govt bonds you're leaving money on the table that you could be taking with an ETF without adding any risk.

Yeah. I actually use $TMF, which is 3x leveraged. Just adjust stop losses every now and then so don't get hit by a big dip on it. Its up 60% in the last month, which is keeping me from panicking about my Roth too much.

 

[brackis1]

Elon saving Musk today with one of those "let me beg for corporate welfare for my factory" announcements about a new factory.

 

[reveler]

definitely put stops out on all your positions. never know when you want to sell and cant because your BD's platform is down.