Originally Posted by lewdog:
"Everyone's a savvy investor when the market is bullish."
I learned this from a few mistakes.
Exactly. And unless you do some serious ****ing homework you are pretty much subjected to the Random Walk Theory. Or "a rising tide lifts all boats" if you will. I mean if it were so easy to pick out the next Apple or Netflix or Roku everyone would be ****ing rich as hell. [Reply]
I'll tell you now, if you think you are going to "get rich quick" picking stocks or even worse, penny stocks then you might as well go to the casino and play craps. You literally will have better odds. [Reply]
I do remember years ago reading "Beating the Street" by Peter Lynch and if memory serves, he showed a group of 10 year olds picking stocks that beat the "Street" lol.....
I`m not mocking anyone but that part of his book resonated with me. [Reply]
Originally Posted by jdubya:
I do remember years ago reading "Beating the Street" by Peter Lynch and if memory serves, he showed a group of 10 year olds picking stocks that beat the "Street" lol.....
I`m not mocking anyone but that part of his book resonated with me.
Peter Lynch had a very simple yet very confusing (for some) approach. "Invest in what you know". Pier 1 Imports was an example he loved to use. You go to Pier 1 and you see it's packed. "Hmmm, perhaps I should buy this stock. They seem to be doing a lot of business". [Reply]
Originally Posted by petegz28:
But that would take a sense of understanding the market. You seem to like playing these "get rich quick" stocks which means you have no ****ing idea of wwhat you are doing.
Wrong as usual, Pete. I'm the Alex Smith of stocks. Only invested long term safe plays my whole life.
But because of PISS POOR CHIEFSPLANET ADVICE I'm now playing the pandemic to regain my losses. And nearly there.
Hell, I should have been a lot less conservative, I would have made all my money back on MARK and VTIQ already, instead of just half. Got out too early.
No matter. I'll make it back, and a far higher percentage than you will election night.
Originally Posted by Hammock Parties:
Wrong as usual, Pete. I'm the Alex Smith of stocks. Only invested long term safe plays my whole life.
But because of PISS POOR CHIEFSPLANET ADVICE I'm now playing the pandemic to regain my losses. And nearly there.
Hell, I should have been a lot less conservative, I would have made all my money back on MARK and VTIQ already, instead of just half. Got out too early.
No matter. I'll make it back, and a far higher percentage than you will election night.
PROVE IT, CHUMP.
Not from what I have seen. You can name call all you want but from what I have seen you post on here you seem to get your ass kicked a lot. If you're taking your advice from this message boar or using some excuse of "if I would have just bought more of this or that.." then you are just proving my point. [Reply]
Originally Posted by petegz28:
I'll tell you now, if you think you are going to "get rich quick" picking stocks or even worse, penny stocks then you might as well go to the casino and play craps. You literally will have better odds.
Truth. This was pretty much me a few years ago. Sure, every once in a while you are going to hit a good run if you have a good entry and exit. But the road of penny stocks is littered with the carcasses of traders that thought they could make it big and lost.
In the long run (in my case at least) mutual funds and stable dividend stocks are better choices. I still play around with individual stocks and penny stocks. Nothing big, I put a grand in a TD ameritrade account last summer, haven't added anymore, and I'm up about 110 bucks. That's a terrible rate of return for a year. Granted, I'm not a skilled trader. There's been some WILD swings, but like pete said...it's my casino money. I don't go out much, and playing in the stock market has replaced my online gaming entertainment. I do it for fun, and know full well that it's not going to make me rich. [Reply]
Originally Posted by rydogg58:
Truth. This was pretty much me a few years ago. Sure, every once in a while you are going to hit a good run if you have a good entry and exit. But the road of penny stocks is littered with the carcasses of traders that thought they could make it big and lost.
In the long run (in my case at least) mutual funds and stable dividend stocks are better choices. I still play around with individual stocks and penny stocks. Nothing big, I put a grand in a TD ameritrade account last summer, haven't added anymore, and I'm up about 110 bucks. That's a terrible rate of return for a year. Granted, I'm not a skilled trader. There's been some WILD swings, but like pete said...it's my casino money. I don't go out much, and playing in the stock market has replaced my online gaming entertainment. I do it for fun, and know full well that it's not going to make me rich.
There's nothing wrong with taking some $ and speculating. Just know that's what you are doing and do it with money you literally would take to a casino. [Reply]
Originally Posted by Hog's Gone Fishin:
I've become a big believer in mutual funds just for this reason. I've tried day trading and it's not a winning proposition. Individual stocks are just too volatile and pot luck at best. I only own two individual stocks at this time and I'm a lot happier knowing while I'm out fishing somebody else is managing my portfolio and that's how they earn their money
...but I get it. Buy and hold threads aren't any fun OTOH. [Reply]
Originally Posted by petegz28:
Not from what I have seen. You can name call all you want but from what I have seen you post on here you seem to get your ass kicked a lot.
Simply not true.
I lost money on IQ LAST YEAR and lewdog likes to raz me about IBIO...despite the fact I made a shit ton of money on it...and am currently in the green on...and waiting for it to go nuclear.
Originally Posted by jerryaldini:
SPX nearly back to 3000. Large cap growth has nearly completely recovered. Fortunately I've been mostly large growth for years. Only down 5 percent from the peak. Meanwhile old economy value and small caps still 15 to 20 percent below their highs. They should continue to lead on the up days now (financials, energy, industrials, transports, materials). Good time to reallocate toward value and mid and small. Also taking the opportunity to take off some overall stock risk and buy corp bonds where credit spreads are still wide. Feel like I dodged a bullet.
This was spot on. Value and small are killing it. Rotating factors is strategic, unlike buying individual stocks.
