Do you even invest?

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Tarspin wrote: Wed Feb 24, 2021 9:35 pm
razr390 wrote: Wed Feb 24, 2021 7:38 pm$GME TO MOON
Allegedly, this lad sold at the right time.


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Detroit wrote: Thu Feb 25, 2021 7:33 am Holy shit, I might get my money back...or at least most of it.

:mindblown:
You mean from it's spike in price? What's going on with it?
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Tarspin wrote: Thu Feb 25, 2021 10:12 pm
Detroit wrote: Thu Feb 25, 2021 7:33 am Holy shit, I might get my money back...or at least most of it.

:mindblown:
You mean from it's spike in price? What's going on with it?
The price is spiking up again. I can't figure out why, and I'm not sure many others can either. I think it's a speculation fueled run by people who see massive gains potential like last time, but there's no reason just like last time. I've done my homework...there's potential for the stock, but the volatility and crazy price spikes are not normal, nor will the stock be worth much over $100 maybe ever sustainably.

If it manages to hit my break-even point, I'm selling and putting this whole nonsense behind me for good. Massive lesson I learned here and if I can get out unscathed, I'll be :mindblown: :fuckyeah: since I wrote the money off long ago.
Desertbreh wrote: Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
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Detroit wrote: Fri Feb 26, 2021 9:28 am
Tarspin wrote: Thu Feb 25, 2021 10:12 pm

You mean from it's spike in price? What's going on with it?
The price is spiking up again. I can't figure out why, and I'm not sure many others can either. I think it's a speculation fueled run by people who see massive gains potential like last time, but there's no reason just like last time. I've done my homework...there's potential for the stock, but the volatility and crazy price spikes are not normal, nor will the stock be worth much over $100 maybe ever sustainably.

If it manages to hit my break-even point, I'm selling and putting this whole nonsense behind me for good. Massive lesson I learned here and if I can get out unscathed, I'll be :mindblown: :fuckyeah: since I wrote the money off long ago.
I heard it hit $150? Sell, sell, sell. Cut your losses. One man's opinion.
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Tarspin wrote: Wed Feb 24, 2021 9:35 pm
razr390 wrote: Wed Feb 24, 2021 7:38 pm$GME TO MOON
Allegedly, this lad sold at the right time.


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Hope he didn't blow the whole wad on the R and set some aside for the capital gainz train that's choo-chooin' his way.
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D Griff wrote: Fri Feb 26, 2021 10:58 am
Detroit wrote: Fri Feb 26, 2021 9:28 am
The price is spiking up again. I can't figure out why, and I'm not sure many others can either. I think it's a speculation fueled run by people who see massive gains potential like last time, but there's no reason just like last time. I've done my homework...there's potential for the stock, but the volatility and crazy price spikes are not normal, nor will the stock be worth much over $100 maybe ever sustainably.

If it manages to hit my break-even point, I'm selling and putting this whole nonsense behind me for good. Massive lesson I learned here and if I can get out unscathed, I'll be :mindblown: :fuckyeah: since I wrote the money off long ago.
I heard it hit $150? Sell, sell, sell. Cut your losses. One man's opinion.
That would cover half my initial investment. Yes, I'm a retard and bought near the high. Whatever, what's done is done, can't cry about it, just need to plan an exit. I bought with the expectation of making money or losing it all, and that's what I'm sticking to. With this volatility, anything is possible. Normal market dynamics do not apply, this is gambling at the casino. The stock literally more than doubled in value in about an hour on Wednesday. What the fuck. Might as well ride the roller coaster at this point.

If it crests $200, I'll be tempted to sell. I'm definitely selling if it hits my breakeven ($300)...but that's longest of long shots. More retarded is if I had bought $1,000 when the price was at $40 on Tuesday, I could have erased my losses now and be sitting well in the green. But no way in hell was I going to throw more money at what I thought was the sinking ship. I'm learning a lot about this shit...mostly that it's not for me. I'm risk averse and hate gambling in general, and I know now that this is the one and only time I get involved with stupid speculation. Good lesson to learn since I'm playing with money that doesn't impact my day to day life one bit.
Desertbreh wrote: Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
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Huckleberry wrote: Fri Feb 26, 2021 11:19 am
Tarspin wrote: Wed Feb 24, 2021 9:35 pm

Allegedly, this lad sold at the right time.


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Hope he didn't blow the whole wad on the R and set some aside for the capital gainz train that's choo-chooin' his way.
I suspect a lot of people are going to be taken by surprise when the tax man comes asking for his capital gainz.

That's the one benefit to me selling right now, the losses would offset gainz elsewhere this year.
Desertbreh wrote: Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
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On another note, I've been looking at buying some Porsche stock since they are starting their development of a synthetic fuel. It looks like they'll begin testing in 2022. Right now, it is hovering around the $8 mark.
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Detroit wrote: Fri Feb 26, 2021 11:24 am
Huckleberry wrote: Fri Feb 26, 2021 11:19 am

Hope he didn't blow the whole wad on the R and set some aside for the capital gainz train that's choo-chooin' his way.
I suspect a lot of people are going to be taken by surprise when the tax man comes asking for his capital gainz.

That's the one benefit to me selling right now, the losses would offset gainz elsewhere this year.
Yeah, unfortunately, I think that is going to be the case for a lot of people in regards to the GME shens.
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Huckleberry wrote: Fri Feb 26, 2021 11:19 am
Tarspin wrote: Wed Feb 24, 2021 9:35 pm

Allegedly, this lad sold at the right time.


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Hope he didn't blow the whole wad on the R and set some aside for the capital gainz train that's choo-chooin' his way.
I don't know the guy but he mentioned that he's got extra for real estate. Sounds smart enough, and a better investor then I am from the look of it.
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Huckleberry wrote: Fri Feb 26, 2021 11:29 am On another note, I've been looking at buying some Porsche stock since they are starting their development of a synthetic fuel. It looks like they'll begin testing in 2022. Right now, it is hovering around the $8 mark.
Auto stocks are garbage IMO...EV stocks are a bubble, established OEMs aren't cool. Synthetic fuel is just a distraction, the world is convinced of an EV future and nothing will shake that due to global .gov regulations.

I held GM for 4 years and while the market in general went crazy, GM did absolutely nothing. And they did everything they could to be cool with all the electrification announcements and whatnot, all met with a collective MEH. AND it's a fundamentally strong company.

The only auto stocks I'm interested in researching more are companies with strong cybersecurity tech/opportunity. I did a lot of reading about blackberry during the meme frenzy, and they've got massive potential with their cybersecurity infrastructure. They had the lead when it came to cell phones, and they obviously lost that, but pivoting that tech to automotive security has huge opportunity. BB is caught up in GME :bs: but companies involved in cybersecruity as it pertains to general mobility and municipality (utility) uses are an overlooked area right now. These are issues that are only going to increase as vehicles and utility systems get more and more connected and thus more vulnerable to cybersecurity threats.
Desertbreh wrote: Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
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Detroit wrote: Fri Feb 26, 2021 11:39 am
Huckleberry wrote: Fri Feb 26, 2021 11:29 am On another note, I've been looking at buying some Porsche stock since they are starting their development of a synthetic fuel. It looks like they'll begin testing in 2022. Right now, it is hovering around the $8 mark.
Auto stocks are garbage IMO...EV stocks are a bubble, established OEMs aren't cool. Synthetic fuel is just a distraction, the world is convinced of an EV future and nothing will shake that due to global .gov regulations.

I held GM for 4 years and while the market in general went crazy, GM did absolutely nothing. And they did everything they could to be cool with all the electrification announcements and whatnot, all met with a collective MEH. AND it's a fundamentally strong company.

The only auto stocks I'm interested in researching more are companies with strong cybersecurity tech/opportunity. I did a lot of reading about blackberry during the meme frenzy, and they've got massive potential with their cybersecurity infrastructure. They had the lead when it came to cell phones, and they obviously lost that, but pivoting that tech to automotive security has huge opportunity. BB is caught up in GME :bs: but companies involved in cybersecruity as it pertains to general mobility and municipality (utility) uses are an overlooked area right now. These are issues that are only going to increase as vehicles and utility systems get more and more connected and thus more vulnerable to cybersecurity threats.
I don't think synthetic fuels are going to replace EVs, but if the fuel is able to do what Porsche claims by running ICEs without modification and produce fewer emissions, it would be a win for anyone who wants to keep an older (or LS-swapped) car on the road. Not necessarily as a daily driver, but their Sunday cruiser/track car. That's where I see the synthetic fuel market being targeted.
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Huckleberry wrote: Fri Feb 26, 2021 11:19 am
Tarspin wrote: Wed Feb 24, 2021 9:35 pm

Allegedly, this lad sold at the right time.


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Hope he didn't blow the whole wad on the R and set some aside for the capital gainz train that's choo-chooin' his way.
:dat:

Seems like a pretty dumb purchase for a 21 year old... I can say this as I bought a brand new :mk6: at 22 I couldn't really afford and well, it was a dumb purchase. Live and learn though, at least he paid cashola.
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Detroit wrote: Fri Feb 26, 2021 11:22 am
D Griff wrote: Fri Feb 26, 2021 10:58 am

I heard it hit $150? Sell, sell, sell. Cut your losses. One man's opinion.
That would cover half my initial investment. Yes, I'm a retard and bought near the high. Whatever, what's done is done, can't cry about it, just need to plan an exit. I bought with the expectation of making money or losing it all, and that's what I'm sticking to. With this volatility, anything is possible. Normal market dynamics do not apply, this is gambling at the casino. The stock literally more than doubled in value in about an hour on Wednesday. What the fuck. Might as well ride the roller coaster at this point.

If it crests $200, I'll be tempted to sell. I'm definitely selling if it hits my breakeven ($300)...but that's longest of long shots. More retarded is if I had bought $1,000 when the price was at $40 on Tuesday, I could have erased my losses now and be sitting well in the green. But no way in hell was I going to throw more money at what I thought was the sinking ship. I'm learning a lot about this shit...mostly that it's not for me. I'm risk averse and hate gambling in general, and I know now that this is the one and only time I get involved with stupid speculation. Good lesson to learn since I'm playing with money that doesn't impact my day to day life one bit.
Yeah man, I am with you. I mean, the market is cool in that I have made a lot of dollas on my mutual funds in retirement, but I have zero interest in the day to day. I make enough money at my job and actually have knowledge/skill at that. I don't need to fuck around with shit that I don't understand and is out of my control.

I actually love gambling when it is a game and low stakes (few hundo at craps in Vegas is a fun weekend for me) but with real money that impacts my life? Not my thing.

I feel like it is getting more and more "in" to play around in the market and I would be willing to bet that my strategy of just leaving it be in funds winds up far more successful than all these dinguses on the internet making huge stonk gainz. You are just the rare breed that is actually willing to admit that you lost your money.

I can confess that I have been to Las Vegas at least 20 times and I've only ever come out ahead on gambling on one of those trips. I've been more than most, and enough to know that all of the people coming home and bragging about all of their winnings just aren't telling you about the fact that they lost even more. I'd venture to throw :waxer: in this category for example. You don't just go make a bunch of money gambling... it's a once in a lifetime kind of occurrence, the house/hedge fund/man always does win.
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I have never gambled more than $20 total 😂
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max225 wrote: Fri Feb 26, 2021 1:17 pm I have never gambled more than $20 total 😂
Up for debate, didn't you buy five figs of Tesla stock yesterday?
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D Griff wrote: Fri Feb 26, 2021 12:16 pm
Detroit wrote: Fri Feb 26, 2021 11:22 am
That would cover half my initial investment. Yes, I'm a retard and bought near the high. Whatever, what's done is done, can't cry about it, just need to plan an exit. I bought with the expectation of making money or losing it all, and that's what I'm sticking to. With this volatility, anything is possible. Normal market dynamics do not apply, this is gambling at the casino. The stock literally more than doubled in value in about an hour on Wednesday. What the fuck. Might as well ride the roller coaster at this point.

If it crests $200, I'll be tempted to sell. I'm definitely selling if it hits my breakeven ($300)...but that's longest of long shots. More retarded is if I had bought $1,000 when the price was at $40 on Tuesday, I could have erased my losses now and be sitting well in the green. But no way in hell was I going to throw more money at what I thought was the sinking ship. I'm learning a lot about this shit...mostly that it's not for me. I'm risk averse and hate gambling in general, and I know now that this is the one and only time I get involved with stupid speculation. Good lesson to learn since I'm playing with money that doesn't impact my day to day life one bit.
Yeah man, I am with you. I mean, the market is cool in that I have made a lot of dollas on my mutual funds in retirement, but I have zero interest in the day to day. I make enough money at my job and actually have knowledge/skill at that. I don't need to fuck around with shit that I don't understand and is out of my control.

I actually love gambling when it is a game and low stakes (few hundo at craps in Vegas is a fun weekend for me) but with real money that impacts my life? Not my thing.

I feel like it is getting more and more "in" to play around in the market and I would be willing to bet that my strategy of just leaving it be in funds winds up far more successful than all these dinguses on the internet making huge stonk gainz. You are just the rare breed that is actually willing to admit that you lost your money.

I can confess that I have been to Las Vegas at least 20 times and I've only ever come out ahead on gambling on one of those trips. I've been more than most, and enough to know that all of the people coming home and bragging about all of their winnings just aren't telling you about the fact that they lost even more. I'd venture to throw :waxer: in this category for example. You don't just go make a bunch of money gambling... it's a once in a lifetime kind of occurrence, the house/hedge fund/man always does win.
:yesth: People in general are lying to us because they are lying to themselves.....

There are "systems" you can use (in Blackjack and Craps especially) that can shave away SOME of the house edge and get the odds close to even (if the systems are implemented properly)... but that edge is still a real thing that will ALWAYS ensure that the house wins over the long haul......

I dabbled in some investing years ago and did okay but it was mostly beginners luck......

I do have $400 (down from $500) sitting in my Ally Investment account (which I dont recommend by the way). I would love to get those dollhairs working for me, but frankly I'd be much better off depositing them in one of the (now legal) online poker sites. I am a decent at no limit hold 'em player and its a game where you are playing against other players rather than the house and skill definately increases your chances of winning (....though luck certainly helps).
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D Griff wrote: Fri Feb 26, 2021 1:20 pm
max225 wrote: Fri Feb 26, 2021 1:17 pm I have never gambled more than $20 total 😂
Up for debate, didn't you buy five figs of Tesla stock yesterday?
Actual gambling but yea :notwrong: on Tesla
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I once turned $10 into $.50 and then into $30 at the casino. What a rollercoaster of a night.
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max225 wrote: Fri Feb 26, 2021 1:46 pm
D Griff wrote: Fri Feb 26, 2021 1:20 pm

Up for debate, didn't you buy five figs of Tesla stock yesterday?
Actual gambling but yea :notwrong: on Tesla
Even lottery?
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Huckleberry wrote: Fri Feb 26, 2021 1:49 pm I once turned $10 into $.50 and then into $30 at the casino. What a rollercoaster of a night.
:mahman:
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max225 wrote: Fri Feb 26, 2021 1:46 pm
D Griff wrote: Fri Feb 26, 2021 1:20 pm

Up for debate, didn't you buy five figs of Tesla stock yesterday?
Actual gambling but yea :notwrong: on Tesla
That is fair :lolol:
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Irish wrote: Fri Feb 26, 2021 1:50 pm
max225 wrote: Fri Feb 26, 2021 1:46 pm
Actual gambling but yea :notwrong: on Tesla
Even lottery?
I have purchased a total of 3 lottery tickets in my life, when the pay out value/odds of winning was greater than the purchase price of the ticket.
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max225 wrote: Fri Feb 26, 2021 2:04 pm
Irish wrote: Fri Feb 26, 2021 1:50 pm

Even lottery?
I have purchased a total of 3 lottery tickets in my life, when the pay out value/odds of winning was greater than the purchase price of the ticket.
Please explain.
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Irish wrote: Fri Feb 26, 2021 2:24 pm
max225 wrote: Fri Feb 26, 2021 2:04 pm

I have purchased a total of 3 lottery tickets in my life, when the pay out value/odds of winning was greater than the purchase price of the ticket.
Please explain.
Say lottery ticket is $1 odds of winning are 100,000,000 : 1 . Payout of above $100,000,000 (for the cash payment, inclusive of taxes paid out) meaning the present value of the ticket is more than $1. It only happens once every 5 years or so, lately above $1B
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