Economy stonks v21

[HOLA]

You should have just DCA in SPY and you would be up more then most people with nearly zero effort. Most people don't want to hear it, but the majority won't beat the S&P500 returns.

Don't think I'm going to this year, again, unless something drastic happens.

Majority of my port is in BRK.B, UNP and MA.

SPY is up 21.32% YTD.

BRK.B is up 23.7%, UNP is up 11.07% and MA is down 0.20%.

Rest of my port is doing great, mostly, with some surprises like Waste Management up near 40%, and Costco has blown it away since I started buying it. But I don't think it will be enough to make up the difference.

If Mastercard gives me a late-year jump, maybe I could pull it off.

 

[brackis1]

You should have just DCA in SPY and you would be up more then most people with nearly zero effort. Most people don't want to hear it, but the majority won't beat the S&P500 returns.

I'm beating the average despite having 25% of my portfolio short against the market for the last 5% lol

 

[G-19]

Peter Lynch's fund had 29% annual returns for over a decade and still most investors, iirc, lost money investing with him, because they kept on getting in at highs, getting scared at any dips and selling.

I'm sure you could find anecdotes about people who made a killing off this, but in general, for most, it's really not going to end well.

Now we're back up to $90 a share. This is insanely volatile.

I’m well aware. Outside of bios I only invest in ETFs for this exact reason. I assume huge risk with some bio plays and if I’m wrong I usually offset by my VOOG, VOOV, and SPY. I’ve been lucky a few times and really unlucky a few times. There are a lot of traders here but I don’t trade for that exact reason. Time is more valuable than money and letting shit sit is the best proven strategy to actually make money in the market. I was making a joke that was twisted but my point still stands. A lot of retards got insanely lucky dumping into DWAC yesterday. I do maybe 20-30 day trades all year and you usually see me post here because it’s fun to just bullshit with everyone in here doing the same thing.

 

[G-19]

If they managed to time it perfectly, which usually isn't how it works. It hit a high of $175 today and is now down to $76. That's way more than 50% of its value. There are no doubt many people who bought in at the highs, saw it drop, got scared and sold for a substantial loss.

That’s why you never chase. I wasn’t talking about anyone trying to chase. I specially was talking about the people that bought it yesterday. I even stated that.

 

[G-19]

I'm not saying they all got fucked.
I'm saying a majority will.
The cohort buying: late-to-party poors and some savvy traders
The cohort selling: savvy traders and insider

I know you know what you’re talking about. I was honestly just bullshitting. You and HOLA are right, most day traders get splattered especially the news ones. I still wish I would’ve forced myself to buy DWAC just for the momentum play but figured it would tank today. You can imagine my surprise when I saw it was up 189% PM.

 

[chardog]

highly doubt my wife is beating the market, however it gives her learning experience. She probably has 2-3 million in transactions this year, so she's getting comfortable moving that money around. this is not something you can learn overnight.

 

[Wadtucket]

Getting a lil nervous about that commie chatter about taxing unrealized gains though, that would be awful

So how would unrealized losses work? Could we use those as tax write offs to offset gains? That whole idea is beyond idiotic.

If something like that passes, I have a feeling somehow it’ll only effect middle class earners and a select few millionaires; meanwhile, somehow, billionaires are magically exempt from such legislation.

It will be advertised though that it will only effect the billionaires.

What if the money you have is in a saving account? Are banks even paying a 4% interest? I feel like it’s around 1-2%

lolz!

the fed interest rate is like 0.25%

no one's getting 4% from bank accounts.



where it gets even more fucked is... what's the point of long-term investing? seems like they want to incentive even the buy&holds into being active investors/traders. paying annual taxes on unrealized gains negates some of the point of long-term gains... and they're raising the rates for those, anyway.

if ~everyone in the market is a trader, shit's gonna get real volatile (which the politicians seem to hate) and real fucking weird. we'd see some mutual fund boomers trying to get into wsb pump and dumps and going broke.

Fucking called it

Decrepit communist gremlin from hell is coming to take our stonks

 

[brackis1]

Fucking called it

Decrepit communist gremlin from hell is coming to take our stonks

hardly.
It would be specifically (at least what I support) against guys like Musk who are being given enormous loans with stock as collateral to avoid capital gains sales and reductions in their shareholder control.
https://www.businessinsider.com/ame...-income-wealth-borrow-money-propublica-2021-6

Speaking of which, lol @ Adam Jonas upgrade causing TSLA to rip to 950 premarket while Cathie Wood is selling shares for her funds.

 

[brackis1]

lulz PINS wrecked and PYPL up after they ran away from buying them.

 

[brackis1]

lol fuuuk just realized I had a 125 shares of BENE as a follower position on some hydrogen rumor. Made 75% in a week, but should have just bought in given it was a spac with no downside.

 

[rob mafia]

ML, wtf

 

[brackis1]

I feel like GGPI could move off this TSLA euphoria

 

[brackis1]

ML, wtf

KPLT vibes

 

[brackis1]

lol fuck me had been flipping BKKT all last week for small gains and it moons 35% today

 

[rob mafia]

KPLT vibes

i'm annoyed because i didn't sell on wednesday because i just didn't feel like buying back my covered calls for a loss.

well, i closed those calls now for .05. ...yay! too bad i'm eating -20% instead of +15% on the shares...

 

[nostradumbass]

Swung some aapl puts for a quick thousand bucks, which is still not good enough to make up for getting clobbered by PSFE and AMZN.

 

[BIKES!]

I mentioned OREAF. It’s volatile as fuck but every time it dips to .12-.13 it bangs. A couple players I know in the watch game have huge bags of this shit and claim it’s going to $1.

 

[brackis1]

FSR was a few easy % off Adam Jonas TSLA dickriding by association cause he likes both.
lol if/when TSLA hits $998 I am gonna back a truck up against it.

 

[brackis1]

lol making money off Shill Lebaeu and CNBC pimping TSLA and Hertz deal is so fun and predictable.
Insane long term bullshit tho
"yeah theyre gonna buy 100,000 Teslas for their fleet!"
Meanwhile the company produced under 1 million cars last year. So yeah, this company that has 3 lame models is gonna magically give away 10% of its production capacity to a single bankrupt rental car company rofl.

I see the news was enough for 2-dimensional NPC TSLA fanboi @Arkain2K to do his usual "necro-bump Tesla threads with car news" routine.

Managed to buy and flip some HTZZ and sidestep a spike in CAR too; now short it again at 175.

 

[rob mafia]

i'm annoyed because i didn't sell on wednesday because i just didn't feel like buying back my covered calls for a loss.

well, i closed those calls now for .05. ...yay! too bad i'm eating -20% instead of +15% on the shares...

and doubled up on the shares and already sold the half i just picked up. will see if it continues to move back up before GTFO of this one... for now, at least.