Society Corona - Stock Market thinktank
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I did as well, but decided to wait on BLMN....and of course it went up 24%.
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I figure I’m still in at prices that I can double or triple my investment in a year or so. Still have some cash setting there to DCA down if the market tanks again.I did as well, but decided to wait on BLMN....and of course it went up 24%.
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Same here. I want to skim off the winnings and put them into something stable until the next opportunity...maybe an index fund?
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Signed up to put $1000 (small fry, I know, I'm not balling it) in a weed company and they need to send me forms to fill out. WTF? Internet, MFers.
probably not a bad idea. Something like Vanguard large cap maybe?
Whats an index fund?
Exactly.
Maybe split it with VIGAX because I still want to be as aggressive as possible.
@ThatOneDude https://www.wealthsimple.com/en-us/learn/best-index-fundsLe Chat Noir
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Thanks.Exactly.
Maybe split it with VIGAX because I still want to be as aggressive as possible.
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Anyone have any recommendations of books to read about investing so I can become an adult?
In this market you can turn 1K into 2-3K easy.
Peter Lynch, investing legend, is a big advocate in investing in what you know
Do your homework as well on their growth and balance sheet, SEC.gov | Company Search Page
but trust your instincts and experience with what you see every day.
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Just grab a bottle of scotch and watch The Wolf of Wall Street, The Big Short and Wall Street.
You will basically be Gordon Gekko before the night is through.
I've only read all the Peter Lynch books and of course 'The Intelligent Investor', all available on audio.
10 Books Every Investor Should Read
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Thats how its looking, maybe a slight bump
Just picked up the Intelligent Investor and How to Make Money in Stocks in paperback (I like books, I can't do the Kindle or audio book thing). I have Rich Dad, Poor Dad, I'll have to read it again.
CHEF had a pretty solid day, hopefully it drops again and we can pick up more shares on the cheap.
You've timed it near perfect so far.
I was an impatient idiot and bought more today. Prior to that I was up 40% and this batch shot my return percentage down big time.
Still a month from now will be nice.
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Yea we made about 50% selling at 12.50 yesterday. Hoping to pick up some more early next week, my wife and I think that will be a nice winner down the road.You've timed it near perfect so far.
I was an impatient idiot and bought more today. Prior to that I was up 40% and this batch shot my return percentage down big time.
Still a month from now will be nice.
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I was impatient today this week too. Sold Tuesday when I shouldn’t have. Bought back in today. Still up $150 on the day but probably missed out on $500-$700 by not being in yesterday. Sucks but my holdings (and likely yours) should be at prices we will make money long term, if we’re patient enough to hold.You've timed it near perfect so far.
I was an impatient idiot and bought more today. Prior to that I was up 40% and this batch shot my return percentage down big time.
Still a month from now will be nice.
Le Chat Noir
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Yeah same mistakes for me. Everything I have now I'm holding until things are back to pre-covid numbers.
Today I even sold off a long held Israeli tech ETF (ITEQ) to use on some of these short term opportunities.
I'm taking these 3 days for some more research to make sure we're not missing a hidden gem.
...just occurred to me that one sector none of us have discussed is cleaning and sanitation companies and those who supply them.
looked up Clorox, it got a damn boost from all this!
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I'd like to formally apologize for making this a thread of lies. I actually do not seem to have Rich Dad, Poor Dad, but instead I have Rich Dad, Poor Dad's Cash Flow Quadrant. I am truly sorry for this transgression.