OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Brought more today and yesterday, will continue to 3,000 don’t see it getting below 3000
400/3100= 13% return in 1-2 months or
500/3000=16.7% return
PLTR very tempting. I’m debating a few potential buys: PLTR, AirBnb, and EBay. I’ve been nibbling on EBay based on NFTs/collectibles plus they just recently gave PayPal the boot. I also liked Wendy’s recently although can’t buy it today since it’s up big on earnings. POOL is another one I’ve been tracking.
More WSJ chatter on ARK
www.wsj.com
Cathie Wood’s ARK Stumbles as Tech Trade Unwinds
Ms. Wood was crowned a star stock picker last year, but her funds have sunk further than the broader market during May’s selloff in shares of technology and other fast-growing companies.
www.wsj.com
All of you millionaires are going to need someplace to keep your money—
Amazon product ASIN B0757YX4YD
Amazon product ASIN B0757YX4YD
I figure I will just continue DCA $2000 a week into the Total Stock Market like I have been doing the past 18 months.
At this point I am a buy and hold investor with my equity investments and probably will be that forever now
At this point I am a buy and hold investor with my equity investments and probably will be that forever now
I know but with the last great quarterly earning, can’t see it reaching 2,900 even 3,000 might be a reach
Got AMZN at $2920 (IIRC) in early March. Will buy more if it reaches that amount. Last Q earnings was unbelievable. You will see it at $4k in short order.
Bailed out as well. So basically your lenders will get the lion's share of the bailout, which alleviates the burden placed on renters and those with a mortgage, allowing those with delinquent rent and mortgage payments to be forgiven.
At the end of the day we're going to print our way out of any crisis until that strategy fails. Whoever needs to be made whole will be made whole. After the EU weathered the sovereign debt crisis without collapsing I'm convinced any crisis will be alleviated through logical and illogical financial engineering lol.
Predicting is one thing, and economists are usually wrong. However, we now have strong evidence of inflation. The question is will it continue, or abate once supply chains improve.
Careful, don't go all CL:
4 Ways to Trade the VIX
Trading volatility is an interesting idea, but current ETFs and ETNs do a fairly poor job of it.
Only time will tell whether current inflation will persist or, as Powell maintains, be temporary and fade once supply chain tension abates. I’ve been concerned about higher rates and inflation for some time, and to date have been wrong. I do see differences now, as the conjured dollars are not sitting as bank reserves but are actually entering consumer pockets (and entering other segments of the economy as well). But this, too could be a false alarm. It should be monitored, though, as no one knows for sure. Not even the Fed chairman. Remember this quote from a now well respected former Fed chairman?
”Given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited."
I haven't been concerned about inflation and to date have been right. Which is completely meaningless regarding the future! LOL!
I think Powell is right, but I certainly wouldn't bet the house on this. I added a lot to our value allocation over the past 2 months.
I own VXX…up 18% today. I’ve traded in and out of it several times to take advantage of volatility. However, I don’t recommend holding for the long term assuming you believe in the market.
Once the stimulus spending runs its course will inflation depend on consumer spending and wage growth?
If people do not have excess money to spend can inflation be that significant?
This is my greatest economic concern
asia.nikkei.com
US dollar loses shine as reserve currency for emerging economies
Washington's growing deficit drives central banks to euro, yen and gold
asia.nikkei.com
Inflation will definitely be a concern because of the supply chain that will impact the major necessity for people which is food costs.
Everything else that has risen in cost will be about supply/demand to your point
I've been averaging down on Snow as I came in around $220. I've been doing the same on Unity, which I really like long-term.
This is my greatest economic concern
US dollar loses shine as reserve currency for emerging economies
Washington's growing deficit drives central banks to euro, yen and gold
Same... and this is why I own Bitcoin.
You never should hold any volatility index more than a few weeks. Most people only own it for a day or two.
How much further down? Only small 4% down for S&P so far. Too late for me to buy Vixx.
Exactly - I made that mistake once. A day or two is tough to predict. I’m in the few week camp.
I suspect there will be plenty of days like this ahead. We are going to trade sideways with steep bounces in both directions based on inflation data and interest rates. The reopening trade is already priced in so it’s not clear to me what the next catalyst will be to push the market to the next level.
The answer - nobody knows, they just have guesses
Stick to the plan and keep buying.
Days/weeks like this are why you never buy stocks when they are at all time highs, especially when playing with spec stocks that lack fundamentals. There are almost always better entry points as long as you are patient. Must resist FOMO in favor of FOLM.
Hope nobody actually takes this advice. T2Kplus20 is still trying to figure out how his March bonus disappeared so quickly (hint: ARKK $160 and TSLA $900). More seriously, I’m sure there will be a nice bounce this week or next but with Summer slow down approaching and inflation/rate crap there will likely be better entry points if you want to deploy large sums.
The market including the techs will go up by July because of earning season. It’s always been this way with the exception of a big crash.
Yes, but little to no chance stocks like ARKK and TSLA retest their prior highs. That would require a 35%+ reversal just to get back to all time highs. On the other hand, I feel pretty damn good about FB, GOOGL, Amazon, and other big tech that print money.
ARKK and TSLA might not go back 35% but if purchase now will probably recover 15%. The others will get close to their old highs. I just have to evaluate the % to see the riskiest purchase.
You know with investors getting out of the more speculative tech stocks, give the FAANGS a better chance of getting these funds.
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Reminder: It will take a more than +50% return from here for ARKK to get back to its previous highs.
I don’t disagree - obviously now is a MUCH more attractive entry point into those stocks. But I think Tesla’s China problem could just be getting started. With sales down 27% that’s not going to make other prospective Chinese buyers want to buy a Tesla (at least without incentives). Just like during the Ash era - had to think twice about renewing when I heard season ticket sales were down. Herd mentality.
I was not educated about it or other crypto assets and I avoid investing in the “in” investment of the day.
If I take the time to educate myself and the timing is right I might purchase a very small amount.
