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Start him on a roth IRA at vanguard or some other major investment firm. They are basically the perfect vehicle for what you want. Trade in ETFs not mutual funds. There are no downsides, its the best future looking investment you can make, and the principal can be withdrawn at any point like...

Comments on matters relevant to investments shouldn't be in the investment thread. Okay.

Last 3 years have been spectacular for the markets. They were overvalued a bit, but it wasn't too out of line with the optimism the economy deserved. Coronavirus is just such a big hit that we may go back to obama markets. Trump's economic policy has been spectacular and I think things will...

Time to see if there's another blood bath on close. Lot of people who bet on the market going up are gonna get hosed again I think. This market is brutal and I don't expect it to get much better. So much for trying to control panic by controlling the message. Nobody is buying it or anything...

I like holding onto lead weights in the ocean too. The retirement accounts of old people who die are mandated by law to be immediately liquidated. Gonna be a fun year.

Disease that makes people sick for 3 months will be gone in no time. Buy the dip, old people definitely can't keep cashing out like this.

For those who listened to my first advice and cashed$$ out in january and are riding like kings through this market... It's important to listen to my second advice. There's a time coming up where the run will move from stocks to bonds. It's absolutely pivotal that you buy back into stocks even...

He's one of those SE asians where there first word for shoe came from the spanish a few hundred years ago.

It is known. I don't know much, but I know how to make big bucks off the stupid. Thanks.

You have to fry spam you nerd. Think of it like bacon. You can eat a quality bacon raw, but why the fuck would you?

Tuco's investments are about to go further up in flames. Today looks like it's shaping up to be another brutal day, and with the bad news piling in on the weekend, mondays have been a massacre too. Wonder what will happen when they impose a 'quarantine' that closes wallstreet. lul

You know tuco always falls the wrong way off the fence. Definitely sell time.

If you cash out and the market goes down 20% and then you cash back in, you have effectively gained 25% on your position. Avoiding crashes is a fine and acceptable strategy. Typically crashes are impossible to avoid and you handicap yourself trying. This might be the first exception in history.

Of course, but it will probably go down more before said recovery. I was predicting around 20% originally. We're at what, 11-12% so far? I think I may have been a bit optimistic with that estimate as well. Though like I said, more risk this week than last. It's a bigger play for less money. The...

Someone can only really make that choice for themselves. Pulling the money out is probably the better play, but there's a lot more risk to the choice than there was a week ago. If you're a longterm investor (10+ years), either choice will probably work out so long as you are saving the absolute...

I'm still expecting major downs in here.

From just the sheer amount of liquidation that's happening, there's going to be some companies that take a massive hit and or fund collapses coming up. It simply can't be avoided with it being this crazy. This is more akin to the great depression than the 2008 crash.

There's a lot of investment and hedge funds that are getting fucking hazed right now. The support is getting fucking crushed by old people liquidating. Like I warned about, old people have too much money and this scares them. Reminds me of Law's scheme. This might actually turn into a fucking run.

That seems a reasonable strategy as long as you didn't leverage it, but it has potential to underperform, but that's a risk of all strategies. My strategy has always been very basic. At some time in the next 1-4 months or so I'll go from pure cash/bonds to a likely broad-market investment...

I'll come back and laugh every day for the next year if ya wish. My investment strategy has always been maximum contribution, maximum tax avoidance and worry about the details later. Just saw this recession coming like a semi and managed to turn it into the easiest profit ever. I just think its...

I said I didn't expect most utilities to be interrupted. Sure, there will probably be some interruptions in certain areas for some periods, but I expect the internet to mostly remain up for maximum shitposting.

Put your investment actions here for me to laugh at a month later. I put all of my money into bonds and entirely safe vehicles in january. I'm up a fraction of a percent since then while the markets are down ~10%. It'd be a 11% stronger position if I reinvested now, but why blow up good money...

Been a great month for me. Wonder how all those people who laughed at me for predicting a crash march->april are doing? I got it a week off guessing a month off, not too bad. This is shaping up to be more dramatic and severe a drop than I predicted. The economic turmoil for the next few month...

Here comes the daily influx of cash. More announcements that now is the time to buy into china. Now is the time to buy into the stocks. I think today it will stick for sure. +100-150. Is my guess. If it evaporates again, the panic selling is real and a lot of financial institutions will have...

The markets were about 15% overpriced or so, so everyone knew a correction was coming, but the sheer strength of the economy made it unlikely even with all the credit nonsense. The virus popping up was practically a gift and making this possibly the easiest slide ever to predict. I didn't think...

Not too surprising, tech, service, and european stocks are generally set up very bad for this current situation. I wouldn't be surprised if a few companies effectively vaporize into the wind. I was expecting a 20% drop like I mentioned a month ago over march and april targetting a 23-24k buy in...

Welp, that wave of cash went up in flames pretty fast. Banks calling for people to rejoice and put their money in stocks now because this is just temporary and other such attempts to find money to escape on. I think the slide might be here a week early.

There is no evolution without consequence, and modern medicine removes a lot of consequence for a lot of inferior genes. The fact that he claims that negative genes that aren't negative with medicine are spreading and claims it is proof positive of it being positive evolution is dubious at best...

China dumped a lot of money into their market to try and prop it up and as always some of its seeping our ways. It'll probably work for today a little. Like I said, I expect a bounce back some this week. Perfect time to invest my dear friend. You got it figured out.

Fidelity decided to have some "technical issues" today and people couldn't log in. I'm sure there clients will be fully understanding that these things just sometimes happen now and then on a crash day. There might be one random lawsuit at the most. As bad as it looks over here, eurozone is...

1000$ call on tsla through march? Seems like an easy way to burn 54$ for nothing.

TSP is slow as fuck, you should work to roll that shit over to a vanguard or some other 401k plan as fast as you can. Order executed friday is going to go into effect tonight. And I explained my prediction of the financial fallout here almost a month ago. Who holds most of the retirement money...

Still looks like volatility to me. Probably will be a bounce through the week for people who haven't cashed out while it was hot. Staying past this week is definitely entering the danger zone. I didn't predict the slide until march, but we are entering a phase of uncertainty where nobody can...

Fed has stated they are trying to pull back on those injections in the repo markets and published a reversal to the liquidity starting monday this week, though I haven't checked if they actually did it. In reality, the liquidity problem there just funds very bad behavior, and freely funding it...

As predicted, volatility is continuing and the markets are shuddering. I don't expect the slide to start until march, so you naysayers may have a week to get out still. High leverage and weirdness in the credit market could finally boil over and pop for a very dramatic decline suddenly at some...

The liability will be intense, and the need for all cars to fully cooperate and follow the same rules will also have to be enforced. There's a strong probability that the endgame for automation to actually work will be through government management and regulation. I'm sure it will happen...

The main factor that will make it impossible to implement self-driving cars for a long time is black neighborhoods. If you've ever driven through one, you know what I mean. It's okay when they run each over other, but the fact that robots would start running them over? Too much liability and...

I'm not doubting you at all. I just used it as an example of how money is irrational. Tesla has hideous paper fundamentals for its stock price, yet shorting it is indeed a very bad idea. It's a great example in that the true fundamental for this stock is Elon's fanboys, not anything the company...

I think you're safe to sit atm rate wise. For the greater market, Housing as always will remain strongly regional. Depending on where you are, the answer could be hugely different. Even if there is a major recession, home prices don't necessarily go down in some areas. Texas home prices remained...

Depends on how deadly and widespread it ends up being. Less than 1% of US dying likely wont have much of an effect on housing prices. Greater than 1% could decrease home values in some urban areas. Greater than 5% will likely reduce home prices in some areas a lot concentrated toward urban end...