Investing General Discussion

Fogel

Mr. Poopybutthole
9,027
26,317
324d 3h 40m
Sanrith Descartes Sanrith Descartes if you have a free moment from smashing your keyboard for four letter combinations that might be SPACs check out JEPI, very different kind of ETF that you might be interested in.

Nice dividend, too bad it's only 6 months old, would love to see how it performed over a longer time frame
 

Fogel

Mr. Poopybutthole
9,027
26,317
324d 3h 40m
Alright, I'm out. -$491.58 on a $1000 buy.

Fuck a bunch of that.
The first time is always the hardest. All joking aside, you'd probably be more suited to options than individual stocks.
 

Gravel

Mr. Poopybutthole
28,105
76,457
204d 1h 25m
The first time is always the hardest. All joking aside, you'd probably be more suited to options than individual stocks.
Nah, I'm buy and hold the total market. Always have been.

It was definitely an interesting week though. I learned a lot. I've mentioned before I have a finance degree, but I don't work in anything really "finance" related.

It also made my days fly by as I was constantly reading and watching the prices go by.
 

Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
29,592
78,406
149d 15h 22m
Nice dividend, too bad it's only 6 months old, would love to see how it performed over a longer time frame
There are similar funds with longer track records. Its Q4 dividend crashed hard. I need to really dig into it. Also the .35% net fee is annoying. It mght be a winner for my Mom's accounts.
 

Tmac

Adventurer
<Gold Donor>
7,858
13,204
85d 13h 29m
Selling broadcast.com in 1999 is the only reason you know his name. It was one the worst buyouts in all of history and he is the beneficiary of that. He may have areas of expertise and I assure you it's not the stock market. Don't know if I care enough to start digging up his quotes about the market for years now that were completely and demonstrably off base. So I'll clarify he is a grade A dumbass when it comes to the markets. He may have some acumen in business, every time I hear the guy over the years he is speaking about topics he knows nothing about. He might sound quite different when discussing something he actually understands.
I can get behind this take. He makes his money in sales and not by trading for sure.
 
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TheBeagle

JunkiesNetwork Donor
7,579
21,795
131d 19h 45m
Nah, I'm buy and hold the total market. Always have been.

It was definitely an interesting week though. I learned a lot. I've mentioned before I have a finance degree, but I don't work in anything really "finance" related.

It also made my days fly by as I was constantly reading and watching the prices go by.
Ya it was almost worth the price of admission. Almost.
 
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Tmac

Adventurer
<Gold Donor>
7,858
13,204
85d 13h 29m
Alright, I'm out. -$491.58 on a $1000 buy.

Fuck a bunch of that.
So, my experience similar to this is a bit different from meme stock, but I think we've all been where you are now. The lesson is invaluable and kind of shows how the fundamentals exist for a reason.

The first time I tried to make big bucks on the market was when BTC was at $16k on the DOWNSWING. That's when I got in, lol. Over the next year it just kept going down until it hit $8k and I lost half my money. I watched the ticker every-single-day for a year and ended up getting in deeper at $11k. I had to wait two years to get my money back, but two weeks ago I ended up selling at $32k. In the end I made $8,000 on a $4,000 investment when I had been royaly losing my ass for months...years even.

The lesson I learned was to play long and not get out. I'm a total noob, so this may not even be a good rule. Even with NOK and BB I've continued to invest as the stock tanks bc these are long plays. Am I a retard? Probably. BTC is the only "stock" that I've invested in and made money. Other than that I have lost. I have a ROTH and some ETF's in Betterment that have made money, but I have only ever lost when investing in individual stocks until BTC.

I rinse/repeated with GME and AMC and lost like $300. I made $200 back with DOGE, but this is all just clown-world shit.
 
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Kiki

Log Wizard
1,890
1,485
He was the league of legends fanboy for a while, became the poster child, and did horribly there. Then he turned around and said they were bad investments. Dude is an idiot. Also, thanks for wearing a shirt that says "I'm rich." What a pretentious asshole.