Yes, the Market is selling off Big Time but this is normal for Sept and Oct. December will be the Holiday Rally. Like, Apple AAPL down but it's time to Buy. Overall, it’s not time to panic.
. .
“It was the evidence from science and history that prompted me to abandon my atheism and become a Christian.” — Lee Strobel, The Case for Christ
5. "Actually, you don't have to be rich to play the market. Factional Shares" In response to Reply # 2
Brokers like Robinhood, Fidelity, Charles Schwab, M1 Finance and TD Ameritrade offer the ability to buy stocks and fractions of stocks without any fees $0. You can start investing and build a portfolio over time.
29. "People eat up more money on some random nonsense than they'll lose" In response to Reply # 25 Tue Sep-22-20 10:35 AM by Case_One
>Particularly, those of us who are poor. >
Then the market ain't for poor people. But some people ain't poor or broke, they just have a poverty mindset and are scared of losing. You can't win living in fear.
>Buying stock is always a gamble..don't shit on people who >don't want to gamble.
Then this post ain't for the people that don't want to invest in their future.
I have been poor all my life , but a constructive course may be to look into opportunities like the one APPL is giving rather than poo poohing the system.
It’s I’m possible to be mad af and also take advantage of an investment opportunity
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
11. "He is talking about buying Apple, which is great if you got the money " In response to Reply # 10
Yeah, Apple is down but is still trading at $106 a share. How many regular folks on here have a bunch of cash lying around to purchase a significant number of shares of Apple?
legsdiamond Member since May 05th 2011 79554 posts
Sun Sep-20-20 07:34 AM
23. "Most of OKP is balling bruh... " In response to Reply # 11 Sun Sep-20-20 07:41 AM by legsdiamond
don’t let the okp activism fool you.
These people got money.
Rev hipped me to M1. If you can’t buy whole shares, buy fractions.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
13. "What is a “good” number of shares to have?" In response to Reply # 0
Or does it vary by stock? Or are people like “buy 15-20 then move on?” I was given advice to do the latter as a brand new investor but curious what others think
18. "it all depends on your strategy. " In response to Reply # 13
If your investing then you are going to be long in the market and holding a stock 3 to 5 yrs. It's all about Managing Risk! How much are you willing to lose and how long are you willing to wait for a good return. Holding on to a good stock will be beneficial, but you have to stomach the dips as the stock still climbs. Also, some stocks pay dividends too.
If you are a long investor can buy a stock over and over, load up on something like Nvidia, Apple, Tesla, anything that has over a billion in Market Cap, a solid trend upward (even with dips) that is also doing well. You will need to look at a 1 yr chart. Check out https://www.fool.com/ or https://finance.yahoo.com/
24. "You decide how many based on portfolio size and diversification goal" In response to Reply # 13
You already know how much money you've got... you can figure out how much individual shares cost... now it's just a question of how much of your portfolio are you willing to invest in any 1 company.
If you're willing to put 50% of your money on one company, then you just figure out how many shares you can buy with that 50%. I think you'd at the very least want at least 2 shares so that you can sell part of your position without totally selling everything. So investing in AMZN ($2940) is probably way too expensive for someone who only has $10k to invest (unless they're using a service like RobinHood that lets them invest in fractions of a share).
For a well diversified portfolio, people recommend putting at most 5% of your portfolio in any particular stock.
So really, it's up to you. If you want to swing for the fences, you'll want to make big bets on a few companies. Just remember there's a sizeable risk you'll strike out too.
If you want a relatively low risk way to grow your money long term that beats inflation, then you diversify (easiest way to do this is to just "buy the market" by buying one of the total stock market index funds that invests in every stock).
26. "Yessir on DraftKings" In response to Reply # 19
I said in the other post that DraftKings should go up (it was $36-$37 at the time). It's at $55 right now! I'm not sure if I should sell in October or just let it ride til the end of the season. The greedy side of me wants to hold it, but I know if football goes down, the stock will go down too.
-------------------------------- "I'm sick of following my dreams, man. I'm just going to ask where they're going and hook up with 'em later." -- Mitch Hedberg
32. "Look. I'm not crapping on Poor People. That's some BS." In response to Reply # 0
Folks want to argue about everything.
This post and others have been about the Stock Market and about sparking interest in investing in the market. I'm not offering financial advice. I'm just talking with like-minded folks. I can point people to classes and things if they want, or they can find their own.
This is just like any other post about random things. So save the drying and lies about me crapping on poor people. If you have questions, I can give an answer or point you to a resource. Other folks can do the same.
We're just in here talking about making money. Access to market has changed, fees are basically gone for investing in stocks, you can even invest in factions of a share, so you don't have to be rich.
33. "Ya'll still avoiding the Stock Market? I'm up 15K in gains since July" In response to Reply # 0
I'm not bragging, I'm reporting the gains because I have been trying to tell some of you to get in this market even if it's just by a little via ETF, Stock Slices/ Partial Shares. You can trade $10 via option and make 50% 100% or up return and use those profit to repeat the process. DO SOMETHING! These Rich folks are out here killing it on a level that I can only imagine. Why can't we have a piece of the pie too. Sure, I may not be making millions, but I'm at least making $300 a week or more profit trading and then reinvesting that money into positive preforming positions/stocks
. .
“It was the evidence from science and history that prompted me to abandon my atheism and become a Christian.” — Lee Strobel, The Case for Christ
legsdiamond Member since May 05th 2011 79554 posts
Fri Dec-11-20 08:47 AM
34. "bruh. you cant force people to invest their money.. lol" In response to Reply # 33
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
36. "I wish I would've gone in harder back in March/April...one stock in part..." In response to Reply # 33
that i've been following dropped to a 52 week low in March of $126 and has been well above $250 for the past 4 months and it's steady climbing. I'm really kicking myself because I could've easily copped at least $1000 worth of shares back then....
I've got some crypto that's been doing ok....I don't own enough to make it really seem like a come up...but it's cool seeing gains.
43. "Oh it matters - a lot.The pull back can be real and severe." In response to Reply # 41
If you (people) like paying $140 for a stock that's gonna dip to $68-$78 then you must like taking losses. You can grab double or triple for what you paid on day one. Once the Billionaires pull their profits out the stock has a good chance to pull back HARD! ABNB was priced way too high.
58. "PLTR didn't IPO well over evaluation " In response to Reply # 55
The fact that you're even trying to compare the PLTR to ABNB proves that you don't understand. As of today ABNB is going down due to the selloff fro the IPO price. Again, it's a good company and will launch in price one day. All I'm saying is that tis time, $140+ was a too high of a price to pay when everyone knows that it was overpriced.
53. "OK. If you're playing long-term - then -" In response to Reply # 48
Buying below $100 offers you the opportunity to buy more and then sell for some profit in the long-run while still holding a significant quantity of positions.
2 for the price of 1 is always better. The Stock is going down. Billionaires are selling for profit, driving the price DOWN! Then they and us can get back in and drive the price up.
. .
“It was the evidence from science and history that prompted me to abandon my atheism and become a Christian.” — Lee Strobel, The Case for Christ
42. "I hear that employees can start selling their shares now" In response to Reply # 40
So I imagine the pull back won’t be that strong. Investors who got the $68 price already sold their shares at $148. I’m hoping that the price that it’s at right now will be the low point and only goes up from here. At least that’s what I’m telling myself to justify my purchase.
-------------------------------- "I'm sick of following my dreams, man. I'm just going to ask where they're going and hook up with 'em later." -- Mitch Hedberg
50. "Employees can only sell 20% of their shares right now" In response to Reply # 42
I think it’s 6 months until their lockout ends on the rest of their shares. That’s usually when you’ll see a dip in the share price... how large the dip really depends how long the employees have been waiting on the IPO and the prospects of the business. But I don’t think you’ll see them crushed like some of the weaker tech IPO’s from recent years.
AirBNB is currently profitable and I think most people expect it to continue to be for a long time so they’re probably a solid, long term investment at the right price.
Like most tech IPO’s in the last decade though, I don’t think there’s much *explosive* growth potential left in the business bc they’re pretty mature as a company already. They’re like the 23 yr old senior getting drafted into the NBA out of college... you have a better sense of their potential ceiling bc you’ve been able to watch them longer. Google came out like Kobe.
So I don’t think retail investors who got in at 145 are going to be tripling their money in a year, but it also won’t be half price like that company that sold the sunglasses that record video.
I bought at $151 and felt like a fool as I saw it dip down to $120-something. But I'm glad I got in and didn't try to time a lower dip. I think it's the future of travel, forget hotels.
-------------------------------- "I'm sick of following my dreams, man. I'm just going to ask where they're going and hook up with 'em later." -- Mitch Hedberg
I've got 100 shares. They just merged with Aphria and are now one of the biggest Cannabis companies. Shoot, I heard they are trying to start up some Cannabis drink. Any reason why you stayed away from them?
-------------------------------- "I'm sick of following my dreams, man. I'm just going to ask where they're going and hook up with 'em later." -- Mitch Hedberg
legsdiamond Member since May 05th 2011 79554 posts
Tue Mar-08-22 08:37 AM
70. "depends on what you are buying" In response to Reply # 69
I have no idea but shit is ugly right now.
most “experts” say when its ugly and people are scared… that’s when you buy
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
73. "Get you some I-Bonds right today. " In response to Reply # 0
Savings bonds from the Treasury that pay out according to inflation. Usually they are pretty trash because inflation is usually low. But right now, it's a good place to put your money.
Current rate is 7.12%. With no risk. Compare that to a high yield savings account which is paying like 0.50%. And next month the rate should jump to about 10% since inflation still on the rise.
Caveats: *Your money is locked up for 1 year (there's a small penalty for withdrawing after 1 year, but before 5 years). *Max investment is $10k per person. *If/when inflation goes back down, I-Bonds will be trash again.
74. "whats the worst case?" In response to Reply # 73
if you buy some now and inflation actually goes down or stays flat moving forward instead of continuing to rise will you lose money or you just wont get the high return?
75. "You'll never lose money" In response to Reply # 74
The rate adjusts every six months. So if you buy today, you're guaranteed to get 7.12% for the next 6 months, and then you'll get the expected ~10% over the following 6 months. If inflation goes down after that, then the rate will go down for the 6months after that.
But at that point if the rate is super low, you can just redeem the bond since 1 year has elapsed. Or you can hold on to it if you want. But you'll never lose your money. You'd just get a low return
>if you buy some now and inflation actually goes down or stays >flat moving forward instead of continuing to rise will you >lose money or you just wont get the high return?
76. "Sounds like the penalty is you lose 3 months interest if cash out < 5 ye..." In response to Reply # 75
"And if you cash them in within five years, you’ll lose the previous three months of interest. "
Still sounds like an interesting proposition but the penalty sounds non-trivial since it's not a flat % but time-bound -- so real rate of return would be adjusted down b/c of the penalty
but when you back out the last 3 months interest penalty:
((.0712 * 6) + (.1 * 3)) / 12 = .0606
Still good for a bond and as you said much better than a CD / savings account, but that penalty definitely eats into your return.
Mutual funds and stocks are pretty volatile right now so that rate of return is enticing, I guess keeping an eye on the inflation rate + timing of when you sell is important here (which makes this feel a lot more like a security and less like a bond to me -- gotta do some active work to manage it).
91. "Thank you for posting this up." In response to Reply # 73 Tue Jun-14-22 11:04 AM by Numba_33
It seems like about the only good thing about inflation going up so high is investing in these I-Bonds.
**edit**
I see you already answered my question on how often the rate adjusts. Six months sucks compared to a quarterly adjustment, but I suppose it is what it is in terms of what's being offered.
"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.
legsdiamond Member since May 05th 2011 79554 posts
Wed Apr-20-22 12:42 PM
78. "Netflix is down almost 40%" In response to Reply # 0
one bad report and its like that?
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
83. "lol hell yeah it is" In response to Reply # 78
The last couple months they've been charging more for less content. Now they're about to do it again if they crack down on password sharing. I don't see how a cheaper rate with ads is gonna bring in new subscribers. Niggas is off that.
Everybody took their content off Netflix, prices for everything went up, and they kill like 80% of their original content after the first season. The last season of Ozark & Stranger Things ain't gonna get it done for them.
And on top of that, 200k current subs gone? The future looking real shaky for Netflix right now. I don't see them bouncing back from that anytime soon if at all.
89. "Netflix has lost 200,000 of 221,640,000 subscribers" In response to Reply # 84
They are saying the may lose 2.5 million in the next quarter, which is still a tiny portion of 221 MILLION.
AND they raised prices by more than 10% so they are losing money.
The real issue is: The stock was valued against infinite growth on a infinite time scale, and now that there are some contours of limits on growth visible people are freaking the fuck out.
Meanwhile liars like Musk are saying 'Netflix is too woke bro!!" and other non-sequiturs.
The stock was overpriced, still is, and may end up going lower, having Netflix produce less garbage and growth may level out.
But they still have HUNDREDS OF MILLIONS or recurring payments from subscribers each moth.
Bottom line: This is a vast over correction and completely in line of the irrationality of the stock market.
90. "RE: Netflix has lost 200,000 of 221,640,000 subscribers" In response to Reply # 89
>But they still have HUNDREDS OF MILLIONS or recurring payments >from subscribers each moth. > >Bottom line: This is a vast over correction and completely in >line of the irrationality of the stock market. > > > Both good points
80. "Anyone fucking with Wealthfront?" In response to Reply # 0
I'm one of those invest and chill people who doesn't want to actively manage a portfolio so I've been putting some dough in there every month. I set up auto transfers and set a risk level for my account. From there they invest in a variety of stocks/bonds/funds and rebalance them periodically to reduce taxes. Growth was pretty good up until a few weeks ago but I'm a long term investor so idc. Is anyone else doing anything similar?
81. "Some people bemoaned USB buying Wealthfront. I have Betterment" In response to Reply # 80
As an experiment just to compare its performance to my other accounts. Mainly a behavioral thing. I haven't fiddled with my Betterment taxable account at all. It's my stay-the-course account. I rarely check how it's doing. Although I didn't go with their core portfolio recommendation, I get the impression it's not that far off from total market returns.
On the other hand, my other accounts are doing better. But over 30+ years, I suspect my Betterment account would have the better rate of return lol.
87. "yeah I considered Betterment as well." In response to Reply # 81
This was before Wealthfront was bought. I get a discount on both so I didn't know which way to go. At the time, people seemed to be leaning slightly towards Wealthfront so I went in that direction. I might put some play money into Betterment too just to check out the features but it seems like it'd be a pain to actually get all my investments moved over if I wanted to switch for real.
92. "I liquidated completely in March" In response to Reply # 0 Tue Jun-14-22 11:12 AM by Oak27
Stocks, ETFs, crypto.
Obv didn't sell at the top but I at least saved myself a ton of losses.
I changed jobs a few months ago and when I rolled my 401k over to my IRA I put them in a money market and let them sit there indefinitely until it looks like we've found a bottom.
The only money I have invested right now is in some $SARK so I'm really betting big against the market right at the moment.
93. "I have a TON of money I was going to invest in late April" In response to Reply # 92
It's sitting in a savings account right now because I don't know when to go in.
Seems like the investors whittle feelings make their tummies hurt right now. Their blues means market will be volatile for me. Since their diamond hands haven't traveeled to the moon yet.
I think if the Republicans manage to overthrow the democracy that investors will feel better and profitt$
legsdiamond Member since May 05th 2011 79554 posts
Tue Jun-14-22 12:35 PM
94. "Yeah, we should be coming into a nice windfall shortly" In response to Reply # 93
Last tome that happened it was right when the bubble popped in 2008.
I knew little about the market so I didn’t jump in when I should’ve out of fear and ignorance.
Only positive is we bought our house in 2011 so we did time the real estate market but that was luck.
Might be a good idea to invest once things settle down and the GOP is back in office.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
There have been 6 drawdowns of at least -30% going back to 1957. Average bear market is -33.5% since 1929. Yet, since 1926, the inflation-adjusted annualized return of the S&P 500 is 7.3% It's not easy to keep investing while the average bear market lasts 9.6 months (not to mention the average length to break even was 1.65 years for the 15 bear markets since 1950), but it's the better strategy.
This is assuming the investor isn't retiring within, say, 10 years.
98. "Certainly don't want to sell or buy back too late" In response to Reply # 97
But I'm comfortable with my decision and I have my eyes on the markets enough to know when it's time to start dabbling back in.
But so far I saved myself quite a bit by not starting the "DCA all the way" or "buy the dip" moves too soon and exiting completely. Worst case scenario I pull the trigger later than I'd prefer but undoubtedly I'll be getting back in lower than when I left.
99. "RE: Certainly don't want to sell or buy back too late" In response to Reply # 98
Timing can be tricky. The Dot Com bear market had three 20+% rallies (another one was a 19% gain) during the -49% drawdown. There were 3 double-digit rallies (highest: 24%) during the GFC -56% drawdown.
Printer-friendly copy 
Email this topic to a friend
General Discussion
