Too Hot Investment Thread

Keeping am eye on this. At some point this is going to be a good trade.
VanEck Vectors Russia ETF (RSX) Stock Price, News, Quote & History - Yahoo Finance

 

I suspect we may have some nervous shorts into this close.

 

been a crazy day of wild swings, one more wouldn't shock me.
Trying to understand why the market took off after the Biden speech, maybe just clarity that Ukraine is being taken seriously so it won’t be a contagion type deal?

 

Might be a bit due to the West not YET shutting down Russia's access to the SWIFT system, which would make it much more difficult getting money in and out of Russia, significantly impacting them and their trading partners.

 

I finished the day up 10.44% how?????????? I don't know what I'm doing *throws hands up in the air*

 

Unrelated but kinda related.

UF partners with foundation to fund Blockchain Lab - The Independent Florida Alligator

 

cant wait for gatorcoin

 

Anyone else thinking markets are going to tank hard in the morning?

Russian defcon1 not exactly the stability the market loves.

I may move a chunk to cash for a bit

 

I'm not a big enough investor so I'll probably ride it/buy dips in a few things. I'd be worried about AMD & Intel not selling to Russia but considering shortages worldwide that's not going to be an issue.

Edit - in case banks are hit, though, I will actually get some cash to keep at home just in case.

 

Are you day-trading?

 

Market is really bouncing today.
We will see if we truly had a Ukraine bottom or it’s just misplaced optimism.

 

You mean like Robinhood? Then yeah I guess. I just check stuff & shift as needed. A week ago I threw some extra cash into ExxonMobil, Chevron, & some military ones. If I was rich & had thrown some decent amounts it would've been a killing but even then it's been nice to offset some losses elsewhere. Also I look & on some that I know I want to keep long term I wait & buy the dip.

If that's not daytrading then let me know because I'm not sure what you mean

Edit- looks like a correction on ExxonMobil today but still up.

 

basically buying and selling multiple times throughout the day

 

Oh! I'm not selling often. I just deposit what I can spare, and daily watch to see what looks good to put more money into. Maybe sell once every other week but I'm in it for the long haul so my sells are mainly to learn (stop loss for example) & with small amounts.

So when I see a dip I just buy a few dollars here & there, or if I see something I really like then I buy.

So the answer would be sort of?

 

I’m so sorry you did that. They are notorious for high up front and ongoing fees. If you kept an account with EJ 30-40 years you would literally lose approximately half of the account value vs a discount brokerage with low fee index funds. If you look in some of their paperwork they flat out have a disclaimer that they have conflicts of interests in the funds they recommend, as they tend to recommend funds that have kickbacks (in so many words) to EJ.

But hey, you get a friendly guy in a nice strip mall office that makes you feel good. There is that.

 

I have had more five figure swing days in the last 3 or 4 weeks than probably the previous two years combined. It’s crazy.

 

I Occasionally drive by this thread, throw out my pearls of wisdom then walk away in general disgust.

Most of what is in this thread is nonsense. It’s entertainment. Gambling. It isn’t investing. Now I think some posters here know that, and that’s fine, but don’t get the impression this is the way to build long term wealth.

I studied finance in school and grad school, been investing for over 30 years, and I never do any of this stuff. I’ve bought individual stocks a few times in 3 decades. Options once or twice for specific purposes. Everything else mutual funds, and more recently geared towards low fee funds and index funds.

Max out your 401k, max out a Roth IRA, an HSA if eligible. Put it in a few index funds or a target date fund. If you still have extra maybe a taxable brokerage account, again with low fee index funds. Then set and forget. There is no need to be trading. There is no reason to think you have better information than the rest of the market.

Good luck.

 

It really isn’t. A total market index fund is up about 50% since June 2020

Vanguard Total Stock Mkt Idx Inv (VTSMX) Quote | Morningstar

 

I’m the same, I haven’t invested in an individual stock in 20 years. I was young and dumb, my 10k (decent money to me at the time) turned into 3k and I learned my lesson.

Now I max out my tax sheltered accounts, and every extra dollar goes into funds and paying down my mortgage. It’s amazing how simple discipline can make you so much money over time, not even doing anything crazy. Sucks at times like this when you lose big money, but not too hard to see the bigger picture if you’ve been through a few downturns. Which is why I joke about it.
I do still have mutual some funds as opposed to index funds, but they have generally outperformed the market over the years so they are the ones I haven’t dumped for index funds.
But to your other point, look on the bright side, this isn’t a crypto thread anymore thankfully. That was when I checked out for about 6 months.

 

I too have non index mutual funds, mainly as a carryover from years ago. However the argument for them is diminishing a bit. Often those outperforming funds did so decades ago, and over the last decade or so are pretty close to index fund performance.

The thing that bothers me about this thread is that I think you have some people that do trading just for fun as a side hobby, and that’s fine. But then you have others who come and see all of the silliness and thing “oh this is how to invest!” It’s much less entertaining to post “put everything you can in a diversified portfolio of low fee funds, especially in tax advantaged accounts, and keep doing it through thick and thin your entire working life, and don’t worry about what the market is doing in any particular day, week, year etc.”