Do you even invest?

max225 · Mon Mar 16, 2020 2:09 pm

dubshow wrote: ↑Mon Mar 16, 2020 2:00 pm
max225 wrote: ↑Mon Mar 16, 2020 1:59 pm
once its under 20k.

Why is that the mental number that hurts ?

Tar · Mon Mar 16, 2020 2:27 pm

I made out like a bandit on one of my last two stocks (Hydro One sold at near peak, just because I wanted to take the 25% profit off of the table), but took a big haircut on my last remaining stock today (Caterpillar). Net loss on the second stock was 2 to 3k on the 7k I paid, no show stopper but I'm going to keep the rest of the money sitting there until rock bottom is firmly established. Not sure what it will be invested in yet but it is probably insignificant anyways, I'm about to mentally and financially hibernate for a while.

Apex · Mon Mar 16, 2020 5:02 pm

Dow closed down basically 3,000 points. We’ll be under 20k tomorrow.

goIftdibrad · Tue Mar 17, 2020 8:09 am

Peter Schiff just said that the other sneaky thing rh fed did was reduce the reserve ratio to 0.

ummm.....

:doomed:

max225 · Wed Mar 18, 2020 2:56 pm

I shouldn’t have bought that Nvidia stock :disgust:

Johnny_P · Wed Mar 18, 2020 11:31 pm

I was heavy in airline stock. :ohwell:

My position is overly ridiculously cash heavy, so it's not a massive deal. 401k, I'm too young for it to be a concern yet, just keep contributing.

I'm gonna buy buy buy buy once its showing strength again.

D Griff · Thu Mar 19, 2020 7:46 am

Johnny_P wrote: ↑Wed Mar 18, 2020 11:31 pm I was heavy in airline stock.
My position is overly ridiculously cash heavy, so it's not a massive deal. 401k, I'm too young for it to be a concern yet, just keep contributing.

I'm gonna buy buy buy buy once its showing strength again.

#metoo I am not concerned about it, my only investments are retirement funds. I haven't even looked at them, not planning on it, but will keep on contributing.

I talked to my parents (dad just retired) and fortunately they had pulled five years of living expenses out of the market prior to all this in the case that it happens, relieved that they will weather this OK, as I'm always a bit concerned with their long term in retirement.

troyguitar · Fri Mar 20, 2020 11:38 am

401k has been downgraded to a 301k. :thankstrump:

ChrisoftheNorth · Fri Mar 20, 2020 4:01 pm

troyguitar wrote: ↑Fri Mar 20, 2020 11:38 am 401k has been downgraded to a 301k.

I don't even want to see mine.

wap · Fri Mar 20, 2020 10:41 pm

Detroit wrote: ↑Fri Mar 20, 2020 4:01 pm
troyguitar wrote: ↑Fri Mar 20, 2020 11:38 am 401k has been downgraded to a 301k.

I don't even want to see mine.

I purposely haven't checked mine. :hellno:

Tar · Fri Mar 20, 2020 10:48 pm

wap wrote: ↑Fri Mar 20, 2020 10:41 pm
Detroit wrote: ↑Fri Mar 20, 2020 4:01 pm

I don't even want to see mine.
I purposely haven't checked mine.

My FIL said the same thing

Huckleberry · Fri Mar 20, 2020 11:14 pm

Detroit wrote: ↑Fri Mar 20, 2020 4:01 pm
troyguitar wrote: ↑Fri Mar 20, 2020 11:38 am 401k has been downgraded to a 301k.

I don't even want to see mine.

I checked mine two days ago for the lulz.

-27% YTD

Irish · Sat Mar 21, 2020 12:45 am

wap wrote: ↑Fri Mar 20, 2020 10:41 pm
Detroit wrote: ↑Fri Mar 20, 2020 4:01 pm

I don't even want to see mine.
I purposely haven't checked mine.

Me neither...I cant bear to look

goIftdibrad · Sat Mar 21, 2020 8:43 am

Irish wrote: ↑Sat Mar 21, 2020 12:45 am
wap wrote: ↑Fri Mar 20, 2020 10:41 pm

I purposely haven't checked mine.
Me neither...I cant bear to look

but also I have not looked either. I mean, it's probably worth 30% less, I can do that math

wap · Sat Mar 21, 2020 11:33 am

Irish wrote: ↑Sat Mar 21, 2020 12:45 am
wap wrote: ↑Fri Mar 20, 2020 10:41 pm

I purposely haven't checked mine.
Me neither...I cant bear to look

max225 · Sun Mar 22, 2020 12:07 pm

troyguitar wrote: ↑Fri Mar 20, 2020 11:38 am 401k has been downgraded to a 301k.

What you guys are missing is, if you’re poor everyone else is poor also, situation hasn’t really changed. House prices about to crater next

those with 80%+ of their money in cash seem to be up for a feast.

Everything on discount, so your purchasing power isn’t actually changing

troyguitar · Sun Mar 22, 2020 1:32 pm

max225 wrote:
troyguitar wrote: ↑Fri Mar 20, 2020 11:38 am 401k has been downgraded to a 301k.
What you guys are missing is, if you’re poor everyone else is poor also, situation hasn’t really changed. House prices about to crater next those with 80%+ of their money in cash seem to be up for a feast.

Everything on discount, so your purchasing power isn’t actually changing

Nah this will, like almost everything, increase the gap between the peasants and the lords.

max225 · Sun Mar 22, 2020 1:45 pm

troyguitar wrote: ↑Sun Mar 22, 2020 1:32 pm
max225 wrote:
What you guys are missing is, if you’re poor everyone else is poor also, situation hasn’t really changed. House prices about to crater next those with 80%+ of their money in cash seem to be up for a feast.

Everything on discount, so your purchasing power isn’t actually changing
Nah this will, like almost everything, increase the gap between the peasants and the lords.

$0- infinity still 0 since no one can pay back debt

troyguitar · Sun Mar 22, 2020 2:04 pm

max225 wrote: ↑Sun Mar 22, 2020 1:45 pm
troyguitar wrote: ↑Sun Mar 22, 2020 1:32 pm Nah this will, like almost everything, increase the gap between the peasants and the lords.
$0- infinity still 0 since no one can pay back debt

Everything isn't going to zero for everyone. We're just going to see a lot of people who were working class or middle class become poor very quickly. Brogrammers at AMZN might see their net worth go down 30%, but instead of having 10x the average they will now have 20x because the average went down way more than 30%. (numbers made up)

max225 · Sun Mar 22, 2020 2:20 pm

troyguitar wrote: ↑Sun Mar 22, 2020 2:04 pm
max225 wrote: ↑Sun Mar 22, 2020 1:45 pm $0- infinity still 0 since no one can pay back debt
Everything isn't going to zero for everyone. We're just going to see a lot of people who were working class or middle class become poor very quickly. Brogrammers at AMZN might see their net worth go down 30%, but instead of having 10x the average they will instead have 20x because the average went down way more than 30%. (numbers made up)

Sorta true :doe:

CorvetteWaxer · Sun Sep 13, 2020 9:36 pm

https://www.marketwatch.com/story/softb ... quote_news

max225 · Sun Sep 13, 2020 10:52 pm

SoftBank doing something right and making a cool 8 billskie

Tar · Sun Sep 13, 2020 10:59 pm

I made a conscious choice to liquidate my holdings in stocks/corvettes to fatten up my real estate holdings, at times I wish that I still played the market like when waxer posts in the investment thread. :ohwell:

ChrisoftheNorth · Mon Jan 04, 2021 2:21 pm

Bumping this one up from the dead. Got a decent amount of cash that I don't have immediate use for, and trying to decide what to do with it. Nothing makes any sense to me anymore with regards to the market, so should I just hold onto my cash for a while and wait for a dip to get more involved?

razr390 · Mon Jan 04, 2021 2:38 pm

Detroit wrote: ↑Mon Jan 04, 2021 2:21 pm Bumping this one up from the dead. Got a decent amount of cash that I don't have immediate use for, and trying to decide what to do with it. Nothing makes any sense to me anymore with regards to the market, so should I just hold onto my cash for a while and wait for a dip to get more involved?

A friend of mine introduced me to Wealthfront. It’s a service that manages your investments for you based on risk tolerance that you set up. His portfolio is up 80% since he started with them. Basically they sell/buy/trade your money.

It’s free up to $5,000 of managed funds but requires a $500 minimum in the investment account. I can send you a referral and it gives us both an additional free $5,000 of funds managed for free.

The management fee is nominal and it takes the stress away from checking stocks and investing/moving shit away especially if you don’t have time for it.

I still use robinhood for casual trading if I need to and then I have Coinbase to dip my feet into crypto as well.