The Stock Market

I think that growth is the idea, though. The growth plan is apparently to sell more stuff online instead of at kohl's, convince women to wear jeans instead of yoga pants, sell more shirts somehow, and sell more outside of the US. Buying the naming rights to the 49ers stadium is supposed to help somehow.

My plan is to look at this every morning
https://www.macrotrends.net/2488/sp500-10-year-daily-chart

For morning kicks?

to remind yourself we might be partying like it's 1999?

1999 would have been such a horrible year to put all of your chips in. 15 years to see a return.

Jay-Z weed SPAC y/n

i know this was a year ago but

1999 would have been such a horrible year to put all of your chips in. 15 years to see a return.

― say it with sausages (Sufjan Grafton), Thursday, March 21, 2019 6:20 PM (one year ago) bookmarkflaglink

it was pretty bad! one year in 20 is this bad https://github.com/zonination/investing

The only answer to that is you have to put your chips in gradually over time I guess.

No you just wait until the stock market is at it’s lowest point and about to go up. It’s easy.

Time to mortgage house, cars, even family members and put it all in AAPL. P/E ratio is 12.23 for the world's most successful company!

― Mr. Snrub, Sunday, August 23, 2015 11:48 AM (five years ago) bookmarkflaglink

Up 411% since this post, nbd.

couldn't have predicted in 2015 that apple was going to be successful

whaddya got now snrub?

The stock market is easy. Just buy reasonably successful companies and never ever ever ever ever sell until your son goes to college.

AAPL has been the worst since it split.

Learning the wrong lesson here. Bought stock last week for the first time in my life (outside of a 401k from a past job) and am up 5%+ one week later (did Sonos, Shopify, and Redfin).

Wait, what is the wrong lesson?

xxp what if you're ready to retire? the stock market feels like a giant bubble right now

Oh, if it’s always been instilled in me that the stock market is gambling, it’s like having a good first hour in the casino and feeling guilty about it. But if I just hang onto those three for a long while...

"Casino" was always a flawed metaphor for the stock market. Casinos are rigged so that you virtually always lose money if you play long enough. The stock market isn't necessarily like that -- historically if you ride the market long enough and are broadly invested enough (e.g. in an index fund or a broad basket of stocks) you make money. But if you think of the market as a baseline, trying to pick individual stocks tends to be a losing proposition in *relative* terms, because you will virtually always underperform the market in the long run, especially when factoring in transaction costs (although IDK how no-fee trading is going to impact that in the long run if it survives). So basically you "lose" in the sense that by actively trading you are actually doing worse than if you just passively invested.

And that's also part of why active trading is both addictive and deceptive -- my dad used to say "When the market is going up, everyone is a genius." You pick stocks, they go up, wow, you were right! You know what you're doing! But most likely you got lucky, and that luck was probably magnified by the overall direction of the market at that moment.

Stuff like Gamestop is a lot closer to reckless gambling because it's not really based on anything except hope.

When people do anything that they just decide to jump into emotionally, it usually ends badly.

Haircuts!

look out below

-0.7% hardly worth a revive lads

horse track betting is not a perfect analogy but much closer to the stock market than casino gambling, in that there is a knowledge base and experience that can help you be more successful than the people who come out once a year to the track

Bought stock last week for the first time in my life (outside of a 401k from a past job)

Were you actively managing the 401k holdings ... or was it just one of those things where the company just did it for you? Granted there are certain things you can do in a regular brokerage account that you can't do in a retirement account but ... it's pretty much the same.

i love having a perishingly small value of stocks and looking at the app and seeing "today's return $0.50"

the second best thing i did all year, after Gamestop, was shorting the shit out of TSLA last Friday.

Were you actively managing the 401k holdings ... or was it just one of those things where the company just did it for you?

I set up the allocations while I was still at the job and have pretty much left it alone. I also used to copy-edit both equity research and bond-ratings research but never invested outside of setting up that allocation (Gen X artist values, lol).

Meanwhile, with those stocks above I’ve gained 10% so far, thanks mostly to Sonos being 30% of my portfolio), even with today’s correction. Two of the four report tomorrow (TJX and Redfin).

I generally stay away from retail companies -- "consumer discretionary" -- e.g. TJX -- because of how the economy and capitalism has "evolved" over the past 30+ years, but maybe it's undervalued? idk ... I'm sitting on some commercial real estate companies that at the time I thought were a solid investment, but that was pre-covid.

TJX was based on going into HomeGoods for the first time last year, and literally anytime I’m in there — no matter the hour or day — at least 10 people are in line for the registers. And Marshall’s as well: never seen one without a line. Which makes me think there might be something about the thrift-store-like scavenging that is an in-person experience that isn’t the same online. (None of this has to do with its current value, and I did read some research, but that was the instinct behind it.)

xp to self: but for now, I'm going to hold onto them with the rationale that rich property speculators and the people that make money off of them (e.g. mortgage holding companies) are going to get rewarded by the US Government because our country sucks like that.

Commercial real estate seems like such an unknown now, as far as how office life is going to change, but assuming the rewards are coming either way makes sense.

i love having a perishingly small value of stocks and looking at the app and seeing "today's return $0.50"

― himpathy with the devil (jim in vancouver), Tuesday, February 23, 2021 9:44 AM (five hours ago) bookmarkflaglink

up another $2 since this.

https://i2-prod.dailyrecord.co.uk/incoming/article10126257.ece/ALTERNATES/s810/MDthen-2.jpg

being flat is better than being down.

though I had a few stocks/funds that I had been holding for 5 years or so that were always down that in the past year have gone up for idk law of averages, who knows ... I have no idea what best practices are for when to cut your losses and sell at a loss. Most of my investments have gone up since I purchased them, and I have probably "sold too early" according to people more knowledgeable than me. However, I felt like, "I made enough on this" when I decided to sell.

Which companies do you have the least respect for management's competency that you are bullish on and which companies are you bearish on despite management being on the ball?

xpost generally if you are investing, as opposed to trading, in single name stocks or sector funds you should have an idea of why you bought it, what you expect from it and during what time frame. If you have held something for awhile and it hasn't made any gains, would that money be better moved to another opportunity. Like, AAPL has kind of been maxed out since it split but people like it being slow + dividends and are happy to just hold it forever.

If i have sizeable gains and still like the company, I sell enough to cover my cost basis and let the rest ride so at least I don't lose the money I put into it if there is a correction or it just completely dumps. You can always buys it back on a dip if you miss it. There are lots of ways to invest depending on how active you want to be.

If i have sizeable gains and still like the company, I sell enough to cover my cost basis and let the rest ride so at least I don't lose the money I put into it if there is a correction or it just completely dumps. You can always buys it back on a dip if you miss it.

Yeah! that's kinda been my philosophy ... I forget what I bought back ... might have been Intuit. I got nervous about a bubble and about the odds of beating the market so I sold big chunks of some of my profitable stock holdings and put the money in index funds, like everyone on here has in their 401(k)s, and caek demonstrated via complex math that that's where I should put my money.

If you know which stocks are going to go up you should buy those stocks. That’s my ... two cents.

I don't buy anything that I don't understand what it is and how they make money. Like a lot of the derivatives and complex stuff and anything related to calls, puts, shorts, margin stuff -- I am not touching that because it's way too easy to fuck it up, and also I see it as "too easy money"

Like buying Apple or Microsoft and holding it and getting dividends reinvested ... that's like, chill, bro

During the GME frenzy I was like “maybe I’ll buy a stock” and I bought some Nintendo stock bc I like Nintendo. And I also bought Vanguard’s tech sector ETF bc I was like I might as well get some extra exposure to that nonsense and a biotech ETF bc companies like Illumina and Thermo acquire like everything remotely promising and it’s all expensive as shit. But that’s like basically my only foray into anything other than the Vanguard target retirement fund.

i bought stock in a company awhile back because I thought their abbrev was funny ... like it was an inside joke between me and a few friends ... it's done pretty well!

like, i trade a lot of garbage companies (note: i don't consider GME a garbage company) because most of the market is now full of garbage companies that do stupid price swings because of what happened to the options market last year. I would not recommend that unless you are really bored.

It actually had a decent rating by Schwab and Morningstar -- DOOR

because we used to have a DIY space together, and there was a room, off to the side of the main space that served as a sound booth/gear storage area. One of the members of our co-op felt that it was necessary to write in sharpie in all caps "DOOR" on the door to the room, which was very obviously a door, and did not need additional signage or explanation as to its door-like nature.

basically this guy was really into getting high and labeling things with sharpie in all caps

a pot etf has a stupid ticker, YOLO

lol omg