Investing General Discussion

Falstaff

Ahn'Qiraj Raider
7,702
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78d 19h 4m
How are silver bros doing?

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Jackie Treehorn

<Gold Donor>
2,158
2,624
59d 3h 34m
How are silver bros doing?

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Never buy PMs to flip. They’re long term investments. PMs move in slow somewhat unpredictable cycles. Only buy as a fraction of your overall portfolio. Silver has a good prognosis for the next 20 years due to ever increasing industrial demand. Gold I wouldn’t touch with a ten foot pole.

I bought $25,000 worth of physical silver right before the rush which comprises <5 percent of liquid I have.
 
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Jackie Treehorn

<Gold Donor>
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Expect to buy and hold it if you buy it. It will likely go up short term but it may well not. Unless it shoots up $20 an ounce or something I’ll be holding mine long term as an overall investment and not a flip.

For all we know all of this weirdness could cause someone to open the floodgates on physical silver and actually DROP the cost short term. Anyone who isn’t willing to hold 10-20 years will be fucked.

I would caution anyone who doesn’t want their money tied up for possibly years to avoid.

Predicted this on Sunday.
 

Gravel

Mr. Poopybutthole
27,467
73,727
196d 3h 44m
Yikes, GME down in the $60's. Honestly WSB just feels sad right now. People doubling and tripling down.
 
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Fogel

Mr. Poopybutthole
8,802
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316d 7h 49m
Yikes, GME down in the $60's. Honestly WSB just feels sad right now. People doubling and tripling down.
It's just like Blazin said earlier, now that the cat is out of the bag, the wall street traders have adjusted and are probably milking the shit out of them.
 
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Jackie Treehorn

<Gold Donor>
2,158
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59d 3h 34m
Yikes, GME down in the $60's. Honestly WSB just feels sad right now. People doubling and tripling down.

It’s absolutely become cult-esque amongst millions of people new to trading who hopped on the social media hype. Reading the comments on various sites, it’s clear a plurality of people still holding aren’t well educated in personal finance, let alone the stock market, and frankly, many don’t seem to be particularly well educated at all.

It’s the same type of people who buy into multi level marketing and the like. They still think the “shorts” are destroying the shares down. This horseshit has crawled into everything. Everywhere I used to read for trending information is crawling with these retards talking about short squeezing every stock as if that’s a thing.
 

Khane

Got something right about marriage
18,546
11,600
226d 37m
Well, things like this keep the momentum of "feels" buying going.

 

swayze22

Elite
<Bronze Donator>
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There are multiple layers - the OGs who were in early and took profits early(and/or jumped back in), the ones who came late for profits, the ones who joined in to say "fuck you" to wall street, the other funds and professionals jumping in the mix all throughout.

the younger crowd seems to be taking a more philosophical approach (as are the uneducated investors)
 

Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
27,950
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143d 11h 0m
It’s absolutely become cult-esque amongst millions of people new to trading who hopped on the social media hype. Reading the comments on various sites, it’s clear a plurality of people still holding aren’t well educated in personal finance, let alone the stock market, and frankly, many don’t seem to be particularly well educated at all.

It’s the same type of people who buy into multi level marketing and the like. They still think the “shorts” are destroying the shares down. This horseshit has crawled into everything. Everywhere I used to read for trending information is crawling with these retards talking about short squeezing every stock as if that’s a thing.
barnumbaileyusefulidiotmeme.jpg
 

Gravel

Mr. Poopybutthole
27,467
73,727
196d 3h 44m
I just don't understand why they wouldn't get that the hedge that's shorting wouldn't also buy and sell on the way up/down to cover their shorts. If retards on Reddit can get rich, why couldn't the hedges use that same concept to cut their losses? And better, short on the way down from $400 and make a killing.

Best of all, their bankroll is WAY higher than some 20 year old, so they can float it.
 

Hateyou

Not Great, Not Terrible
<Bronze Donator>
13,980
36,281
Well, things like this keep the momentum of "feels" buying going.

What a dumbass. $700k loss on all the meme stocks and still hasn’t learned his lesson.

meanwhile Gravel Gravel lost $500 and he’s on suicide watch.