Investing General Discussion

On TdA you can click a default box that all eligible equities automatically DRIP enroll. Pretty handy.

Why I asked was I dumped my money in my IRA this year and just bought a few ETFs, set them to DRIP and stopped thinking about it. The other night my brain started wandering, and I was thinking, instead of just automatically reinvesting a dividend in the same etf or stock or whatever, if I wouldn't be better letting them go into the account balance, and then using them to pick up dips in other aspects of the markets, or beat down stocks I think will come back.

In the end I left DRIP on for now, that may change later, but the money will always stay in the account, I wouldnt take it out, I just MAY be able to make slightly better use out of it, but then, there is no telling what may or may not happen so..

A trading room I pop into on occasion, some noob was attempting to buy options for apparently the first time. He thought he was buying "shares" and bought 1000 of these "shares" for what was supposed to be a SPY 408 23Apr Put. The dude somehow not only screwed up his lack of understanding of contracts vs shares and somehow also hit 9 Apr expiration. All of this happened in like the last 15mins of trading. Said he nuked over $10k instantly.

Yikes.

I noticed today that Fidelity straight up blocks buying options on expiry day. Could have saved him big

Well, we basically melted up right into a big macro ascending resistance trend line at the close. Monday sure is going to be interesting!

If it follows the current trend, look for a pullback to the previous high of 398 followed by a bounce back up. You can see it bouncing off the 20 MA all the way up. Also, I noticed a lot of chart discussion uses the 21 MA, whats the theory behind that, just getting a little ahead of the 20 MA to verify the trend/bounce?

I'd say short Boeing but they'll probably get a large bailout.

Tmac said:

So, how do I convince my wife to put savings cash in a near-nav-SPAC? I def wont tell her, “We can’t lose!”. Because then something will happen where we do, haha.

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Do it and don't tell her? This advice comes from someone who isn't married.

Sanrith Descartes said:

What inflation?

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That's the special california everything causes cancer, everything is racist, climate change inflation

Not to mention, OPEC shenanigans + Cali tax extortion, isn't the same as inflation.

Fuel demand cratered in most of the world in 2020 and we were swiming to our eyeballs in oversupply. Prices went down during the pandemic. Now we have OPEC playing their part, plus demand shifting as more openings are taking place all around the world. Prices come back up. It is the natural supply / demand cycle.

Not saying that inflation isn't visible in other sectors, because it certainly is, just that fuel prices aren't really the bellweather considering what has happened over the last year.