The Investment Thread (help with savings, stocks, retirement funds, etc.)

[trd1610]

Originally Posted by neumdogg

So are you saying to buy AMC?

i am not a financial advisor and am not giving investing advice

[neumdogg]

Originally Posted by trd1610

i am not a financial advisor and am not giving investing advice

I AM COMING AFTER YOU WHEN I LOSE ALL MY MONEY!!!!!

[Tiduwho]

Its all circuit breakers. This time on the downswing

[TheLastStop123]

me: I will not trade individual stocks, I will not trade individual stocks, I will not trade indivi

also me: damn AMC does seem like a good bet to come back once the pandemic is over

[Antiramie]

Originally Posted by TheLastStop123

me: I will not trade individual stocks, I will not trade individual stocks, I will not trade indivi

also me: damn AMC does seem like a good bet to come back once the pandemic is over

Yea, I'm just setting and forgetting my index funds. Seen too many friends lose money trading individual stocks. Plus, I just don't want to spend the time on that.

[Benny003]

Originally Posted by Antiramie

Yea, I'm just setting and forgetting my index funds. Seen too many friends lose money trading individual stocks. Plus, I just don't want to spend the time on that.

This all day long. Day trading is a hobby and I have plenty of those already that won't possibly give me a heart attack because of a potentially bad decision. If I want to gamble, I'll go to the casino (but I hate gambling). My dad started doing day trading around the 2000 dot com boom. He only used "fun money" and at one point was up many tens of thousands of dollars, but lost that at some point (I think he did peal off some profits though). He's done some day trading ever since then, but it's definitely as a hobby and he seems to have good control over not losing more than he intended to put in. I've learned enough from hearing what goes into that to know it doesn't interest me.

[Antiramie]

Originally Posted by Benny003

This all day long. Day trading is a hobby and I have plenty of those already that won't possibly give me a heart attack because of a potentially bad decision. If I want to gamble, I'll go to the casino (but I hate gambling).

I learned a long time ago that I don't have the willpower to quit when I'm behind and that losing big is way more depressing than winning big is empowering. And I'm talking about playing at like a low stakes blackjack table at a casino with money in my wallet or what I feel comfortable withdrawing from an ATM.

I can't imagine doing the same thing with my savings, which I could access any portion of with a click of a mouse.

[Benny003]

Originally Posted by smudge1

What do I do with $100K?

This has been posted in here before over the years, but basically follow this:

https://i.imgur.com/A8nsSE3.jpg

Originally Posted by Route_2

Do you need it soon? If no, throw $6k in a Roth and invest the rest in a broad market ETF in a brokerage. Assuming you already have an emergency fund built out (let us know if not).

Originally Posted by justinandimcool

if you don’t have at least 6 month emergency fund and don’t have a retirement account set up:

put 12k in a Roth IRA (6k for 2020, 6k for 2021)

take your monthly expenses and multiply by 6. put that number aside in a high yield savings account that’s fairly liquid. that’s your emergency fund so you can sleep at night. i used to do a 12 month which is unnecessary for most

pay off any debt (some folks like me put this step first, just depends on the situation, most people aren’t allergic to debt like i am.)

invest the rest like Route said, if you don’t need this until like 3-10 years from now. it’ll be for short-mid term goals like school, car, down payment, whatever. i like index funds (VTSAX mostly). maybe put 10% of that aside for speculative stocks if that’s your thing



if you DO have 6 month emergency fund:

12k in a roth

pay off debt

invest most

enjoy some

Roth only works if smudge is under the income limit for the year unless doing a backdoor Roth of course.

[42graystreet]

Originally Posted by Benny003

This has been posted in here before over the years, but basically follow this:

https://i.imgur.com/A8nsSE3.jpg

This flow chart changed my life.

[Timebomb07]

Set up an ETrade account about 2 weeks ago. Only playing with$1,600 because I also hate gambling.

Most is on DMTK, but pulling the trigger on some AMC as well

[drakan]

Originally Posted by 42graystreet

This flow chart changed my life.

I'm listening.

[TrampledUnderw.]

I have no money so I don't invest or know much about the stock market in general, but it has been entertaining watching all this gme drama unfold

[Benny003]

Originally Posted by 42graystreet

This flow chart changed my life.

It's a great guide. It helps provide reassurance that I'm on the right track and making good decisions.

[trd1610]

GME absolutely nuts today, looking for $200 after hours, AMC continuing it's uptrend as well

[Tiduwho]

Originally Posted by trd1610

GME absolutely nuts today, looking for $200 after hours, AMC continuing it's uptrend as well

Some big names getting involved long now.

WSB shooting for $1000 by friday lol.

You should have held Neum. In the lingo of WSB, you got paper hands. Should have had diamond hands, held, and hitched a ride on this nonsensical rocket.

[justinandimcool]

WHAT IN TARNATION GME?!?!?!?????

wasn’t fomo at 90 but i kinda am now. oh well


sorry for hijacking responsible investing chat with degeneracy but holy hell

[justinandimcool]

jesus dude turned a 50k long position (mix of stock and freaking $12 calls) into 22 million

[Tiduwho]

Originally Posted by justinandimcool

jesus dude turned a 50k long position (mix of stock and freaking $12 calls) into 22 million

My buddy that turned me onto it is up over $100k on his relatively small investment. Has to activate his options by Friday I think. He said he's holding. FOMO in hindsight for sure. I'm doing fine, I simply bought shares, no thanks on options. But glad I didn't get paper hands. Hindsight is 20/20, wish I'd funded my trading account a few days earlier.

Blackrock just reported as Long on GME? See ya later shorts...

[justinandimcool]

i can’t stop reading wsb. short squeezes are my favorite thing ever and this might be the greatest short squeeze of all time. absolute comedy

[justinandimcool]

Originally Posted by Tiduwho

My buddy that turned me onto it is up over $100k on his relatively small investment. Has to activate his options by Friday I think. He said he's holding. FOMO in hindsight for sure. I'm doing fine, I simply bought shares, no thanks on options. But glad I didn't get paper hands, but hindsight 20/20.

Blackrock just reported as Long on GME. See ya later shorts...

sheesh! crazy that he’s holding to expiration but it might just work out for him at this point

[trd1610]

Originally Posted by justinandimcool

i can’t stop reading wsb. short squeezes are my favorite thing ever and this might be the greatest short squeeze of all time. absolute comedy

volkswagen in 2008, though GME may still have some muscle left

https://www.reuters.com/article/us-v...49R3I920081028

https://moxreports.com/vw-infinity-squeeze/

[neumdogg]

Originally Posted by Tiduwho

Some big names getting involved long now.

WSB shooting for $1000 by friday lol.

You should have held Neum. In the lingo of WSB, you got paper hands. Should have had diamond hands, held, and hitched a ride on this nonsensical rocket.

Stop reminding me!

I bought AMC this morning.

[Tiduwho]

Originally Posted by neumdogg

I bought AMC this morning.

Me too yesterday. I should have bought a lot more apparently. Up 50% today.

[Tiduwho]

Rename thread to Grey Street Bets?

[Timebomb07]

Wild. I'm two weeks into having an account, so none of this shit makes sense. Yesterday was the first I'd heard of all of this -- the terminology, the concept, etc. I pulled the trigger on 60 AMC shares this AM, along with 4 shares of GME. I ended up selling GME though and taking the $240 I made lol. Playing with pennies over here.

[Tiduwho]

That works Timebomb07. When playing casino games, never play for more than you can lose.

Real money needs to be invested, following the advice in threads like this or elsewhere.

[justinandimcool]

yeah. i have some long positions that are pretty dumb but i try not to poison the well by sharing it on here or anywhere in real life for that matter. learn from my mistakes, do the flowchart, if you have fun money you can speculate but take your profits when you can!

[Timebomb07]

Originally Posted by Tiduwho

That works Timebomb07. When playing casino games, never play for more than you can lose.

Real money needs to be invested, following the advice in threads like this or elsewhere.

Exactly how I play. I really hate gambling, so buying stock really is counterintuitive. I'm letting the excitement of something new wear off, then probably won't mess around much more.

[sbuzzz]

Originally Posted by Timebomb07

Wild. I'm two weeks into having an account, so none of this shit makes sense. Yesterday was the first I'd heard of all of this -- the terminology, the concept, etc. I pulled the trigger on 60 AMC shares this AM, along with 4 shares of GME. I ended up selling GME though and taking the $240 I made lol. Playing with pennies over here.

I was going to do a year long experiment. Put $1000 into stocks on robinhood, $1000 in sports betting, and then compare it to what my high yield savings accounts and retirement accounts did this year.

I don’t know anything about stocks, I am up a bunch and part of me thinks I should just sell. Sports betting is even more awful. Not gambling with money I can’t lose, but not nearly as much fun as I’d hoped.

[Route_2]

Watching from afar as my employer mandates a minimum six month hold period for any purchase and no options allowed. Probably helps me more than it hurts but sometimes sad to miss out on a little fun.