It will be difficult for the SP to beat the Nasdaq. Remember the top companies are mostly the same in both. It would take a streak of the top companies fading while the the smaller companies of the SP advance.I'm waiting for the S&P to a) catch up to the Nasdaq and b) take a turn as the leader for awhile.
Please tell me this happens regularly. I need my 401k to "pull a QQQ" for awhile.
Almost had a moment of weakness and thought about converting it from vanguard S&P to Trowe Price Blue Chip Growth (11 percent amazon) that seemed to be doing amazing last few years. Then thought about how shitty i'd feel if the above mentioned A and B happen "soon".
The long term holds are stuff I am holding through the downturn. I tried the time the market thing in the past and it rarely works. At least for me.Yea, there's probably gonna be a pop down at some point, but I'm not sure its worth thinking about too much. If trump wins it may float on up for a while, but I definitely think a Biden win will have an immediate negative impact.
The long term holds are stuff I am holding through the downturn. I tried the time the market thing in the past and it rarely works. At least for me.
Minus my SPACs and DAL, everything I own at this point is a long term hold. So far the last couple additions have tanked. My last decent grabs were NVDA at $350 (like 6 weeks ago, fucking rocket) and FB at $210. I keep looking for quality at a good entry point buy weeks of up days make it difficult.I can't at all.
Outside of my good 401k move I bought Tesla right before it slumped, sold AMD right when it started the never ending upward trend, sold CLSK not long before it went parabolic, bought into Boeing after holding off for so long...right when it leveled out and retreated, and I also own Intel and Exxon.
I've made some good buys too but when I try to time things I just fail. Apple at $220 was my best move and it wasn't much cause I didn't have the cash at the time.
Latest in the IPO pipeline...
With the Appetite for IPOs High, 5 More Companies Line Up to Go Public
A flurry of technology companies last week filed paperwork with the Securities and Exchange Commission for initial public offerings. Here are more.www.marketwatch.com
The markets can remain irrational longer than you can remain insolvent.The markets rising like crazy every day has me just as nervous lately as when they crashed. I have a feeling Blazin is making the right move sidelining his shit. But FOMO is real!
$6.84 isnt bad. I was expecting a lot worse. So my advice would be to sell covered calls and make money each flip. For example you sell 7 contracts of the $8.00 calls expiring in two weeks (9/18) for 0.05 so approx $35 in premium. If they dont get called you made about 0.75% profit. It ain't a ton, but the idea is you do it every couple of weeks. So extrapolate it out and its 1.5% profit a month (x12) is 18% profit annually. That ain't shitty. If it does spike and you do get exercised on the first week you make $1.16 a share plus the 0.05 premium so $1.21 a share. That works out to a profit of 17.7%Sold half my Tesla at 475, the other half at 450... Wish I got out at 500, but it's still profit.
Sanrith Descartes basis in GE is 6.84, have 750 shares
$6.84 isnt bad. I was expecting a lot worse. So my advice would be to sell covered calls and make money each flip. For example you sell 7 contracts of the $8.00 calls expiring in two weeks (9/18) for 0.05 so approx $35 in premium. If they dont get called you made about 0.75% profit. It ain't a ton, but the idea is you do it every couple of weeks. So extrapolate it out and its 1.5% profit a month (x12) is 18% profit annually. That ain't shitty. If it does spike and you do get exercised on the first week you make $1.16 a share plus the 0.05 premium so $1.21 a share. That works out to a profit of 17.7%
If this is something that interests you we can dig in to different choices of the options. Of course you have to see what your platform charges for options trades and factor that into the projected profit.
You can from the sense of opportunity cost. The downside is that lets say the day before your calls expire Trump announces GE is the official Coronachan vaccine provider of the US Government and the Stock goes to $30. Assuming you dont take a loss and roll those options you are bound to sell your shares for $8 the next day. Thus the opportunity cost was $22 a share.I'm interested sure, but half retarded. Sounds like you can't really lose doing this, so seems sketchy as fuck
You can from the sense of opportunity cost. The downside is that lets say the day before your calls expire Trump announces GE is the official Coronachan vaccine provider of the US Government and the Stock goes to $30. Assuming you dont take a loss and roll those options you are bound to sell your shares for $8 the next day. Thus the opportunity cost was $22 a share.
I have been doing covered calls on my DAL shares for months. You just grab little chunks and dont be greedy about it.
Edit: options are how people really get rich in the market. Options are how Blazin can afford his summer house in the Hamptons