Bulkdaddy's picture
Bulkdaddy
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Stocks

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How many guys here invest in stocks... I would say right now would be a great time to buy. What do you guys think. Buy low sell high.

Achak's picture

I invest heavily in AI Powered Equity ETF. It has good performance history. It dropped during the oil price plunge but has since regained nicely.

Immortaltech's picture

I wouldnt invest now tbh, its fall and fall hard as hyperinflation acrosses

felony's picture

Anybody been making those money moves? I have been on robin hood for awhile doing ok for a total rookie. It has traditional stocks and a few cryptos. No trading fee's. Made a few bucks on airlines. Lost a few on hertz.

What are you guys doing and where?

Pale's picture

Well I guess it is time for a little update. You see back when the wheels come off and the fed stepped in I don’t think anyone realized Powell meant it when he said whatever it takes. But here is the thing, they knew they had to pump so hard that it creates FOMO and all the funds come running back in and actually bail the fed out. That is the brilliant yet dangerous plan.

felony's picture

Holy volatile as hell btc batman.

Zalewski's picture

Wym? I bought back in May 18th and I already have a 6.9% return on my current portfolio, and my biggest drop has been 1% for a day

Or do you mean bitcoin specifically

felony's picture

Yes btc. I got beat up a little yesterday. I have done ok with air and cruise line stocks.

Zalewski's picture

It’ll be good man, granted I don’t mess with crypto cause I am pretty conservative with my strategy.

felony's picture

check out gnus

Zalewski's picture

Man I saw that and its crazy, I am gonna take a shot at it to try and make a quick buck, gambling basically, but screw it

felony's picture

Yea. I've lost some profit but not really down. Pale referenced FOMO (fear of missing out) I have made some rash decisions over it.

One of the platforms I use is coin base pro. Seems when the money moves heavy it wants to act up a little similar to coinbase which usually just flat out shuts down.

Achak's picture

I'm into Forex trading. Lately I've been on fire with my trades. I used to run a Forex channel on Telegram. I would share all my trades for free. I might start that up again.

felony's picture

Please do. I would be interested.

Zalewski's picture

I do and I'll let you know the advice my professor gave me in college, invest in the market. We all know that the main aim of investing is to get rich quick but if you're looking to make consistent gains over long periods of time (10-20 years) you need to diversify your portfolio. The easiest way to do this is through ETFs, specifically Vanguard's Total Stock Market ETF (VTI) and Vanguard FTSE Emerging Markets Fund (VWO). These two will essentially allow your portfolio to be invested in the entire US S&P 500 and then a collection of markets from around the world, aka as diversified as you can get. Obviously these are taking a hit right now but they will rebound cause if they drop too far that means everything drops which means one of two things, it'll rebound eventually or everyone goes out of business and we are fucked. If you are older than you can start investing in bonds to have guaranteed fixed income later on in life, hopefully during retirement, but if that's year away then take advantage of compound interest while you can, the earlier the better.

BJ's picture

I used to, but leave it up to the pros now at the investment firms. If you have a 401k I would recommend 60/40 split! 60% stocks, 20% bonds, 20% mutual funds! You put in everyweek money with your paycheck. I roll the dice & out of my 60% stocks 1/2 are high risk..high yield & the other 1/2 are just regular S&P, Nasdaq stocks the firm(John Hancock) likes! Last year(2019 )was banner & I made 20% on my money & that is CRAZYYY! Usually if your lucky & have a lot of high risk/high yield stocks an amazing year is 12%. Most conservative folks only get 2-4%. Of course it's down now, but at the end of the year it will be up! Also in the stimulus package you can actually take out of your 401k up until the end of December without penalty. That is KILLER! Usually you get penalized or you can't even take out of your 401k unless you're buying a house or it's a major health emergency. Soo... Put more into ypur 401k & adjust the portfolio.

If... I was gonna buy! I would buy "Pot Stocks" cheap & growing market! I would think it would be the easiest way to make a million. That or trade a "short" that stock would go down. Most of the time when you pick stocks they go down so doesn't it make sense to just do the "short"and just try to pick stocks that go down & cash in!

Ozninjaguy's picture

I made 20% on my money & that is CRAZYYY!

I made a nominal 25% on my stock investments overall in my first 3 weeks of trading - should I have just sold all my stock at that point? Not a smart-arse question - just curious. I'm still 15% ahead in total.

ScienceGuy's picture

The stock game is tricky. I invest much more in my Roth IRA and 457 with work. For that, I choose low cost index funds. They’ve done very well for me and it’s nice to set money away and forget it.

I do use Robinhood with some “fun” money. I’ve also done well there, especially because I bought a lot of shares of AMD when it was under $30 a share.

I’m a fan of holding long term but a common strategy you could do is to cash out your initial investment. That way, everything you have from here on out is profit.

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BJ's picture

Just have to stay on top of it! Set alerts on your trades & have goals! Sometimes if you try to get too greedy they crash really fast before you can get the sell in and you wish you could turn back the clock! Watch them constantly.. Sell before it dips buy back when they dip.. What you don't want to do is watch it..watch it..watch.. go down low and wait forever for it to go back high to sell again. Sometimes they can take 6 months to a year to go back up

Bill1976's picture

I invest in bitcoin.

Bulkdaddy's picture

Wish I didn’t that years ago. Lol

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Ozninjaguy's picture

This might sound crazy, but I would probably recommend getting into crude oil ETFs. The arse has fallen out of the crude oil prices, but that's just an abberation and things will improve. Oil prices tanked at the beginning of the week, but have started to pick up again.

There are a total of 23 national economies dependent upon oil for their basic survival in the OPEC and OPEC+ groups. I doubt that they will let their economies suffer more through oversupply. Both groups have decided to cut oil production to limit the storage issues, and also establish more balance in the supply/demand ratio.

I believe that money will be made in the longer term. I just bought shares in a crude oil ETF for under $3, however less than a month ago they were trading at $14, and consistently trading for the previous 5 years at around the same price. Be patient, things will get back to pretty close to normal in a few months....even if it takes a year..I believe they are still a good investment.

Just something to think about.

The above comment is the personal opinion of the OP and is in no way supported and/or endorsed by Eroids. It should be considered as entertainment only, and should not be taken, construed, or otherwise interpreted as financial advice. (I just threw that in because basically, I know FA about shares, but decided to take a dip since this, IMO, is the time to try to make a little money through patience).

Pale's picture

Bro don't do it. If you are referring to USO you should look into it a little more. ETF's are a joke

Ozninjaguy's picture

Thanks mate - I'm already committed. I actually read quite a lot about ETFs and can't say that I'm all that clued up and, I'm usually a glass half-empty guy, but I'm kind of confident in an uninformed way. If it all goes to shit, I lose less than a grand, so it's small beer money for most people....still for me a significant loss, but I have factored that into my 'stock trading foray' and can survive if it's not good.

Back in the GFC Citibank was trading at 10c per share, and I figured that they were a great investment, but didn't want to risk a few grand on a gut feeling - now they are trading at almost $42US....I'm going to give my intuition a little faith ;-)

press1's picture

I remember when I use to sell Mobile phone & Key Insurance for Citi many years ago as my first job Lol They were big and upcoming then ....

Ozninjaguy's picture

Yes mate my one shot at making a fortune and I didn't have the financial cojones to take a leap of faith (in myself).

press1's picture

Do you guy's manage to make an income out of trading?

wanted's picture

Where we spending all are winningsq. Think im gona sell make quick profit watch it fall again and buy it back up

Immortaltech's picture

Its probably a good time to invest, did we reach the bottom yet?? Well theres no blood on the streets yet, so probably not, wait till this shit peaks and see...

wanted's picture

What price you buying 8.00

Bulkdaddy's picture

Bought 48 shares of CCL at 24$ a share 2 days ago. It’s up 4.50

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Ozninjaguy's picture

I hope you offloaded those shares and made a profit, now less than $12US.

Bulkdaddy's picture

I’m sorry RCL it’s cruising around 35$ it’ll go back up as things improve.

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Ozninjaguy's picture

ah, RCL. got it. There's a couple of US stocks that I would like to buy, but my broker only does the ASX....and besides, the exchange rate for the AUD is crap now.

Pale's picture

Take profits and look for re-entry.

Bulkdaddy's picture

That’s what I’m doing. It’s about to drop again I believe.

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Bulkdaddy's picture

Tell us something we don’t know! Bahahha

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Forehead's picture

I got 20 pairs of socks for 5$ at the bus stop

Eagles 2013's picture

It's not bottomed out yet. As long as the fed is discussing potential interventions the markets will stay unstable. I wouldn't buy in until the case load stabslizes and the feds are done with stimulus talk. Uncertainty = bear markets.

Now isn't an awful time to buy if you can afford to stay in for 3-5 years but it's too early to buy shorts.

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Sam I Am's picture

I don’t think it’s hit rock bottom yet.
When the virus had hit its peak and starts going down it will stabilize.
I’ve been looking at those cruise lines to...

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stairmaster's picture

Not really cause a lot flights got cancelled.

Bulkdaddy's picture

I’m thinking the Caribbean cruise line. Especially since they’re getting help from the government. It was 180$ a share 2 months ago. Now 25$ a share.

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Pale's picture

CCL

wanted's picture

i have a specific stock that has made me thousands over the years. Its pretty dabm low right now IF IT gets much lower im gona have to get in AGAIN...Are we aloud to talk about them id love to get others opinions and we all make money

Pale's picture

Why not?

wanted's picture

When we think the market hits the bottom id like to hear opinions on UYM. i have used it in the past to make quick cash when market starts to rise. What is everyone thoughts

Bulkdaddy's picture

It’s close to bottom I’d buy now

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wanted's picture

Im trying to hold my breathe till 20.00 but probably get antsy and buy at 21 It moves fast

Pale's picture

One good sign will be when we stop violently swinging 1000 points a day. And please don't take investment advice from Bulkdaddy lol