@TomB16 and @WXYZ don't time stocks, that I know, but I think they'll appreciate the intended humorous timing of that song.
@WXYZ I saw that same posting about GE's CEO. Makes you wonder if that is happening today at another company. Just thought about all the other crooked things happening, and we don't know.
YEAH.....it happens all the time. ANY company is just one CEO away from disaster. Management matters......big time. It appears to be a much more RATIONAL day today in the markets. YES......MR Rogers......a national hero. When I had young kids.......I had to wait till work was over to find out what happened to King Friday every day. Those of us.....old enough......remember the last time we had a day-trading MANIA. The late 1990's. It lasted about a year from start to finish. I remember my plumber talking about him and his wife trading stocks when he was doing a repair for me. He was trading EXTREMELY speculative stuff. JUST like now......all sorts of people were trading and planing to QUIT their day jobs. It ended badly......just like it will now. AND......for any that might be tempted by my little TESLA trade.......REMEMBER: For me this is a long term holding.....not a trade. It represents less than 1% of my total stock market money. It is just as likely it could have gone down after I made that buy. I was hoping for a gain due to some special circumstances......but "hoping" is not "probability". I did not use leverage..........options, or other trading techniques. AND the BIG ONE.......I UNDERSTAND that this young company might have some BIG issues in the future and it is NOT a sure thing. I am BETTING on the ability of MUSK to get all the Gigafactories open that are planed for Austin/Tulsa, Asia, and Europe. The company is going to have to pour a ton of resources into this effort and may take on a lot of debt to build out all this infrastructure. It will probably take at least 5-10 years. There will be more and more competition in the EV area going forward. There will probably be minimal profits for some time due to all the capital expenditures that will be needed. In other words.....it is a YOUNG growth company that is just starting to build out massive infrastructure.
Nice average GREEN day for me today.....even though I lost to the SP500 by .25%. I would hate to be some HUGE Bank....that spent ZILLIONS of dollars on their AI trading system and the QUANTS that run and program it. I suspect that the 13,000,000 traders going crazy on Robinhood just trashed that AI trading system with their erratic, volatile, irrational, UNPREDICTABLE and unanticipated trading.
When I bought our first tranche of Tesla in 2016, I was chastised online about the company, the product, Elon is a fraud, etc. I pointed out Tesla represented way, way less than 1% of our portfolio and that I was prepared to risk the money involved. In the next three years, the stock went way up and then returned almost to our original purchase price of $168. On the way down, I bought a bit more at $305 and then in 2019, I really loaded up with all of the cash I could scrape cash when it was just a touch below $200. I didn't share details on that move but there were only three of us posting anything remotely positive in the Tesla thread, at that time. Media coverage was exclusively negative. At this point, Tesla is over 9% of our portfolio due to the somewhat higher than typical gains. lol! It doesn't suit our strategy, as it doesn't distribute and we are in semi-retirement. I hold it because I believe in and like the company. It's our only growth stock. I will confess I thought about picking up more on the last dip below $800 not many weeks ago but I think I own as much Tesla as I will ever own in my lifetime. When we purchased the first tranche, I hoped it would be like buying Microsoft in 1990 and the odds of it following a similar directory have gone up considerably, since 2016. Time will tell, of course. We could lose every cent we have invested. We never know with certainty. The best we can do is take an educated guess and then gloat when chance falls our way.
"The best we can do is take an educated guess and then gloat when chance falls our way." YEAH.....that's what I do. Here is a little bit of REALITY for the day: Big investors grow less optimistic on V-shaped coronavirus recovery https://www.foxbusiness.com/markets...s-optimistic-on-v-shaped-coronavirus-recovery (BOLD is my opinion OR what I consider important content) "Big money managers are becoming more cautious on the speed and shape of the economic recovery from COVID-19 lockdowns. Fourteen percent of fund managers surveyed in July by Bank of America expect a V-shaped recovery from the sharpest economic slowdown of the post-World War II era. That number is down from 18 percent who expected a sharp climb back once the downturn bottomed out in the prior month. The percentage of investors anticipating a W-shaped recovery, featuring an interrupted rally and a second downturn, rose to 30 percent from 21 percent while those predicting a slower U-shaped recovery ticked up to 44 percent from 43 percent. While 72 percent of investors foresee stronger global growth, “conviction in strength and duration” of the recovery are low, according to Michael Hartnett, chief investment strategist at Bank of America. The Charlotte, North Carolina-based lender surveyed 188 investors with $570 billion in assets under management between July 2 and July 9, a time when the number of new daily COVID-19 infections were at a record high. The amount of cash investors accumulated rose to 4.9 percent of their portfolios, from 4.7 percent, amid the spike. Fifty-two percent of respondents believed that a second wave of COVID-19 infections is the “biggest tail risk” to markets. Still, cash levels remained below the 5.9 percent seen in April, which was the highest since the Sept. 11, 2001 terrorist attacks on the U.S. As big money investors raised cash, they increased their health care allocation to a net 35 percent overweight and technology to a net 42 percent overweight. Technology was considered to be the “most crowded trade” by a record 74 percent of respondents due to investor positioning and stretched performance. Meanwhile energy and banks, two of the hardest-hit sectors by COVID-19, were considered to be good “contrarian longs,” or bets on growth. Ahead of the 2020 election, 34 percent of investors said they would likely take no action while 31 percent expected to reduce their risk exposure. Another 15 percent were preparing for increased volatility and 13 percent planned on selling the U.S. dollar. MY COMMENT NOT too bad considering. I think they are evaluating the risk correctly. The next 6-12 months is not just opaque it is TOTALLY BLACKED OUT. NO ONE has a clue where we are headed short term. YES.......even more reason to ONLY be a long term investor.
Look it’s a green day! That MUST mean there’s some good news about coronavirus!! Amazing how the news outlets really want you to believe that “talk of a vaccine” is the cure to the worlds problems. Here’s a newsflash- the vaccine isn’t gonna “cure” anything. Even if the corona virus was to magically disappear tomorrow, we’re gonna move into a “phase 2” stage of our war with China. (Or is it phase 3 already? I lost count) THAT is the real issue
@emmett kelly all good fun, my friend. It was perfectly fitting. I love these two gentlemen as well. If they dont both already know it, i hope they do after this text. They are both amazing assets to the community!
Thank you....B. Russ. The feeling is mutual toward everyone on here. BUT.....that does not change the fact that the SP500 kicked my butt today by .91%. At least.......I was in the green as a consolation. All those Tesla maniacs better watch out. There are a good number of people and articles speculating that they will not make their needed number for the SP500. I would put the odds at about 50/50 at best. Looks like the general markets are holding up pretty well for the start of earnings. I like it. I was out of touch with the markets the entire day today.......but........I like the end results. Tomorrow may be the BIG DAY.......right now we are at SP500 year to date........(-.13%). Lets go.....
I hope GE finds a way to survive. Step 1 is survival. Then worry about knocking down debt. Maye even see a profit once in awhile. As I look around, GE is still everywhere in life. Unbelievable how someone could loot a company like that and nothing happens to him.
That is just the way I started investing 12 years ago, however, the only way to beat the SP500 is to time market, and that, in the long term, is very very risky, if not suicidal, unless you are very informed and educated in terms of both fundamental and technical analysis. If you like, you can check my analysis over 2 stocks that are about to start a skyrocketing trend Safe investments...
Mm hmm. Bet u read half of the first post before spamming your youtube vid on an easy looking title, huh? Go back and read the thread kid. U may learn something.
I didnt know I have to read the thread to respond to the original post. You can check my advises too, theyre free. Safe investments.
Sorry. He had two posts. One of them quoting the first paragraph of a 79 page thread, telling the successful author he is doing it wrong, while posting a video link of why his system is better. i just have problems with that. More than the arrogance, but that people trying to make millions on youtube showing how to make millions in the market, havent made millions in the market (generally speaking). Yes thats an assumption, but an educated one backed by shared wisdom. Some youtube posters here are awesome! I have watched and liked! Multiple videos. But that just felt spammy. And haha. i take cramer with a grain of salt. In fact, i dont watch him unless he makes news here on the ol stockaholics threads i watch. Lol edit: i just watched the vid. Love it!
Mr. Money might well be a sharp investor and profound thinker but the thumbnail of his video makes me think of a Ginsu infomercial.
I understand completely, in fact, im completely new on this youtube videos thing. One thing is to invest and other is to share thoughts, techniques and theories HAHAHAHA Im completely new in this youtube videos thing, and in fact I feel too old and silly to be on this kind of stuff, but Ive been an aviation instructor for about 7 years and wanted to take a shot on finance teachings now that it has become my main career the last years.
@Show Me The Money my appologies. Happy investing. May suggest starting your own thread in journals or wherever suited? Ill subscribe. I guess i was just rubbed wrong and unrightfully so. it just seemed a bit spammy in this particular thread. Though not mine, i do enjoy it for what it is. Long term investing.
Mr. Money, I'm sure you don't follow my blog but the thrust of my message is that people need to think for themselves. You know, find your strengths and exploit them. Identify your weaknesses and avoid them. I see lots of young people lack perspective and blindly make mistakes that an experienced investor would not. Meanwhile, old guys like me are very resistant to new ideas and that isn't a great attribute during these rapidly changing times. I am not confident my portfolio will be relevant in a decade. I have been following ark invest and some younger people, like yourself, in attempt to stay relevant. I don't have an answer but I have developed a profound belief that we all need to find our own truth. Very best wishes to you in stocks and in life
