LOL. I think it all looks worse because my free stock from RH was NVDIA & they took a big hit. But today my end looks better. I hope one day to be in those kinds of shoes where there's THAT kind of money but that's a pipe dream LOL.
NVDIA is a good one (Jim Cramer named his dog NVDIA). Wife has it and is holding tight through the turmoil It seems most of the chip makers have taken a beating. I have some SMH - a chip fund - that has been similarly battered.
NVDIA also has a UF grad as one of its founders, he just gave 50 million to UF. The fed gave its guidance on rates today, the market went from way up to way down, but hopefully this helps a bottom form soon with the clarity the meeting minutes provide. Also note that the average large downturn is 18 trading sessions, which is about where we’re at. So we should see a stabilization soon, even if there are a few more rough days ahead. Of course, this could always be the aberration….
its definitely a bright side. As much as we joke or even whine, we are fortunate. Funny, I am more upset about the size of my tax return (it’s 2k less than last years and I’m still waiting for some more 1099-B’s and DIVs) than the 100k right now. And no that’s not logical other than knowing eventually I will make the market money back in all likelihood, the 2k is lost for forever. And it’s money I was expecting now, not in 15 years.
The markets are so dumb. Stocks were way up in the morning and then plunged back down after the thing everyone knew was going happen happened.
Had some at $12 and rode Ford to the mid-20s. Should have sold but still have it. Do you have a target price?
I bought into Ford a bunch at 5.73. Back when they bailed out the auto companies and it was the only one that didn't need the money. Between that and buying into XM satellite radio at the beginning (and selling at the peak) probably the best investment I've made. I don't have a target but it's but it's hit the mid 30s before. Don't see why it can't get above 25
Interesting article on the dynamics of the institutions taking back trading from the day traders. If this holds this is good news for stability. But based on what’s here, it could mean this week is volatile again. Adults Back in Charge of Stock Market as Fed Awakens Big Money
Well my dividends are starting to post. A whopping 47 cents so far LOL. That's what happens when you get fractions so that's fine. Don't know how people do it to get enough stocks to "live off the dividends". Also, with the fractions I did something stupid ( I think). I have both Berkshire A & B. Supposedly they're the same but when I look at them they don't perform the same. Incidentally...holy smokes on the price per share of Berkshire A. So in reining in my thoughts, again this is to learn. Should I focus only on a certain number of stocks or keep getting a wide range? I know about diversity being important but I think I have too many bits. Thanks for all your help.
I'm there with you! I started buying stock outside of my 401K about 5 years ago. I bought a penny stock that is taking it's time getting listed, but it has been stable at a price that doubled my money. Some things are about to pop with the stock, so I'm holding. Two years ago I bought some well known name stock and they have done pretty well. I wish I had invested more, I'd be retired early by now! I have also bought into some crypto recently. My son does a lot of research in that area.
This is play money. My 401k is pretty diversified as far as risk but my employer match is lousy. I wanted to learn more versus just not even looking at it but didn't want to jeopardize it so this is my "I don't drink at Starbucks anymore since I work from home" money. In my play money though I do have a little crypto, & 3 of my fractions are in trusts (not counting brk). After that big correction I'm still in the "green".