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Garfu posted:I bought cvna weekly puts this morning lol Such a weird story, definitely looked like they were done.
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May 6, 2024 22:12
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ARTPUP posted:Apple (AAPL)? No the other one
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May 7, 2024 11:15
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Baddog posted:Such a weird story, definitely looked like they were done. Sold just now for +200% but all that ended up doing was reclaiming the exact amount I lost on AMZN earnings calls last week lol.
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May 8, 2024 16:30
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So I bought ~50 shares of RSX with a cost basis just above $6, back before it became obvious this whole Russia thing was a prelude to WW3 and now I can't sell it but they still send me info on it. As a refresher the price collapsed from ~$32 down to $5.50 when they invaded Ukraine Just got the prospectus, 2023 had a 296% ROI  Also it paid out a 2023 dividend somewhere north of 1%, apparently
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May 11, 2024 15:06
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giving SoFi online banking a shot, wanting to move from Chime (I know... I know...). Reasons for the move obviously irrelevant for this thread, but noticed it has a somewhat thorough looking investment feature as well. been interested in filtering my cash back rewards from my cards into a starter investing account, and this is a v convenient option for me potentially. does anyone here use SoFi for casual trading? Any things to note? Also, any good reccs on YouTube content that covers a lot of the basics of personal investments coming from a start from zero kinda angle? I know there's gonna be no magic bullet 'watch this and you'll become rich' video series, but I've always been daunted by all this and had really poor financial education growing up, need to do some catch up and learn how to create some kind of passive income stream. trizzNPH fucked around with this message at 04:51 on May 13, 2024 |
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May 13, 2024 04:49
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trizzNPH posted:giving SoFi online banking a shot, wanting to move from Chime (I know... I know...). Reasons for the move obviously irrelevant for this thread, but noticed it has a somewhat thorough looking investment feature as well. been interested in filtering my cash back rewards from my cards into a starter investing account, and this is a v convenient option for me potentially. does anyone here use SoFi for casual trading? Any things to note? Why are you using chime or SoFi for this stuff instead of more mainstream options that cater to the traditional investing crowd? Instead sofi is going to be starter-bank-account services with an investing add-on. You could also give Vanguard or Schwab a try. Or if you’re just messing around with small fun money, there’s nothing very wrong with Robinhood. It also depends if you’re investing conservatively for retirement, or for fun. For real long term investing, index funds are your best bet, I have virtually all of mine in Target Date funds or a SP500 equivalent, but I’m not close to retirement age. Vanguard, Schwab etc. will all have cheap target date and index funds. Also, virtually no casual investing will involve a consistent stream of “passive” income. The only way I’ve seen that happen is if you have a very large ($50k+) amount of capital that you just plop into an index fund and do nothing with. But you could also lose a lot if it’s not long term goals, and the market takes a downturn for a couple years. Inner Light fucked around with this message at 16:31 on May 13, 2024 |
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May 13, 2024 16:27
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trizzNPH posted:giving SoFi online banking a shot, wanting to move from Chime (I know... I know...). Reasons for the move obviously irrelevant for this thread, but noticed it has a somewhat thorough looking investment feature as well. been interested in filtering my cash back rewards from my cards into a starter investing account, and this is a v convenient option for me potentially. does anyone here use SoFi for casual trading? Any things to note? I use SoFi for banking so I have a few holdings in the brokerage side. It's pretty basic and has a social feature that shows when other people buy/sell a security but it's completely stupid. Why do I care that "John R." bought $F at $11.50 It's fine as far as clearing time, the mobile interface is decent and you can buy fractional shares/dollar amount if you want. You can also directly redeem rewards points for dollars in your brokerage account. I wouldn't use it for my IRA or serious investing but it's fine for what it is, a way to quickly and easily buy securities within their ecosystem.
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May 13, 2024 17:38
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Syrinxx posted:a social feature that shows when other people buy/sell a security but it's completely stupid. Why do I care that "John R." bought $F at $11.50 You should actively not want that as it will involve extremely non beneficial parts of your brain in the process.
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May 13, 2024 17:43
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Syrinxx posted:Why do I care that "John R." bought $F at $11.50 Need a broker that lets you join groups that list this stuff so we can have a goon group and see what everyone is buying. That'd be fun. General public not so much, I barely find Tasty Trade's orders that they share each day. I mean sometimes it gets a new ticker on my radar but mostly I laugh at how terrible Tom is at shorting memes with short calls. (He seems pretty okay at earnings)
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May 13, 2024 17:44
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pixaal posted:Need a broker that lets you join groups that list this stuff so we can have a goon group and see what everyone is buying. That'd be fun. General public not so much, I barely find Tasty Trade's orders that they share each day. I mean sometimes it gets a new ticker on my radar but mostly I laugh at how terrible Tom is at shorting memes with short calls. (He seems pretty okay at earnings) I strongly advise against making investment decisions based on degen poo poo some other goon is doing.
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May 13, 2024 17:48
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saintonan posted:I strongly advise against making investment decisions based on degen poo poo some other goon is doing. I am that degen poo poo
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May 13, 2024 17:48
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Inner Light posted:Also, virtually no casual investing will involve a consistent stream of “passive” income. The only way I’ve seen that happen is if you have a very large ($50k+) amount of capital that you just plop into an index fund and do nothing with. But you could also lose a lot if it’s not long term goals, and the market takes a downturn for a couple years. A $50k investment isnt going to give you a useful amount of income. Right now it would get you about $700/year invested in VTSAX. Even $1m invested is only $13.4k/year. Really, passive income is not necessarily a good goal for investing. Most people have only ever had wage income, so in their minds, being able to replace the income from working with income from investments means they can work less, spend more, or some day retire. But chasing income means you may miss out on growth, or you may be gaining wealth in a tax inefficient way. VTSAX is a great investment, but not because of the level of income it will afford you.
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May 13, 2024 17:52
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drk posted:A $50k investment isnt going to give you a useful amount of income. Right now it would get you about $700/year invested in VTSAX. Even $1m invested is only $13.4k/year. SGOV is paying 5% a year with monthly payments and it's based on Treasury note value it's not going to blow up in your face. that 50k is making $2,500/year which is useful it's not retirement but that should cover like your booze or weed or something. SGOV is like not where most of your money should be but it's where it should be over a bank account.
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May 13, 2024 17:57
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That kinda makes my point though, if one were to chose to invest in SGOV over VTSAX to maximize their current income, they would be leaving a huge potential for growth on the table.
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May 13, 2024 18:01
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Bought another 15 shares of Hawaiian Electric Industries (HE) @$10.08 last week, and 213 shares of Mereo BioPharma (MREO) @$3.10. Looks like Roaring Kitty's back. GameStop (GME) stock jumped on his first post. Maybe he's setting up a hedge fund or a subscription service? I don't know what his plans are but I don't think it involves GameStop again... why taunt the SEC?
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May 13, 2024 18:32
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drk posted:A $50k investment isnt going to give you a useful amount of income. Right now it would get you about $700/year invested in VTSAX. Even $1m invested is only $13.4k/year. so what is a good mindset/goal for investing, I suppose is my new question? i'm salaried just kinda getting my footing in more complicated finances like this later than id like to admit (27 yrs old). not in a position to lump any significant capital anywhere investment wise right now, but do have interest in getting to grips with fundamentals of the process and how to better think of this stuff cause right now it feels lightyears away from me in terms of understanding financially whats important to me is knowing that my money doesn't just live in a poo poo bank account doing nothing/losing value. that's actually at least a bit of why I'm giving SoFi a try, the 4.6% on the savings account plus the built in ability to compartmentalize your savings into labelled vaults with goals set for them is a very good thing for my financial interests. but again, a bit beside the point there. another goon asked above why i'm using sofi for this and it's really just a matter of convenience and exploration with it. I could use robinhood, sure, but i've heard nothing but bad things about it from the outside looking in and it doesn't seem any more richly featured than what SoFi has available for me. you have etfs, mutual funds, can trade options... can't really think of what else i need from a platform currently, so why not pick one im already going to be within the ecosystem of? im sure ill run into things later on that would pique my interest in more versatile/mature platforms but i guess i just haven't felt that serious about it yet. trizzNPH fucked around with this message at 20:25 on May 13, 2024 |
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May 13, 2024 20:14
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Check out the Long Term Investing thread. They have the actual good advice on investing in your future. This thread is mostly degenerate gambling and commentary on novel investing instruments.
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May 13, 2024 20:23
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trizzNPH posted:so what is a good mindset/goal for investing, I suppose is my new question? i'm salaried just kinda getting my footing in more complicated finances like this later than id like to admit (27 yrs old). not in a position to lump any significant capital anywhere investment wise right now, but do have interest in getting to grips with fundamentals of the process and how to better think of this stuff cause right now it feels lightyears away from me in terms of understanding Best place to start is just dumping anything you don't need to touch for 10+ years into VTI (ETF version of that VTSAX mutual fund, it's identical but you can move in and out quicker, both are managed by Vanguard and total market funds). Basically they buy and sell stocks with your money in a ratio that matches the market and you profit. For anything you need soon currently SGOV is the goon favorite to park money, it's 0-3 month Treasury bills. That is it buys 3 month treasury bills from the US Government and collects the payments and you get them! SGOV should be basically impossible to end up with less than you started with unless you really try by timing some gap same day, or panic on the divex date (the day you get counted as a holder and the stock goes down the value of the dividend) you get paid this about a week later as cash. That's the best place to start long the market with a cash sweep of some kind setup. At some point Tbills wont pay as much and SGOV wont be losing money but it wont really be making any either and it will be time to move on. VTI being a just play the market will likely never need to be changed.
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May 13, 2024 20:25
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Sokani posted:Check out the Long Term Investing thread. They have the actual good advice on investing in your future. This thread is mostly degenerate gambling and commentary on novel investing instruments. Ah thank you, my apologies i didn't realize that was the specific topic here and that there was a better thread for the question more fitting for here, should i put all of my savings into microsoft stock on the hopes that they end up purchasing TikTok lolol
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May 13, 2024 20:26
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trizzNPH posted:so what is a good mindset/goal for investing, I suppose is my new question? i'm salaried just kinda getting my footing in more complicated finances like this later than id like to admit (27 yrs old). not in a position to lump any significant capital anywhere investment wise right now, but do have interest in getting to grips with fundamentals of the process and how to better think of this stuff cause right now it feels lightyears away from me in terms of understanding 27 isn't that late, most of us prolly didn't save that much in our early 20s. Personally I got wiped out by the dotcom crash and started again from nearly zero at your age, heh. The long term investing thread might be better for you to get a mindset of what you're doing and why, timeframes, expectations, etc. Making individual stock picks like we do here is much riskier for *probably* little to no gain over just putting your money into an index fund. And you should always be maxing out your tax advantaged accounts first. There's a flowchart in the OP here https://forums.somethingawful.com/showthread.php?threadid=2892928&pagenumber=1&perpage=40
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May 13, 2024 20:27
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trizzNPH posted:Ah thank you, my apologies i didn't realize that was the specific topic here and that there was a better thread for the question People post like that, the ones making money on this stuff are talking about shorting vol and strangles to profit from movements in implied volatility of single named stocks.
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May 13, 2024 20:28
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It looks like GME is doing stupid poo poo again?
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May 13, 2024 20:36
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Looks like pump and dump. I put a bunch on NVAX on Friday due to Sanofi partnership 500 million up front payment E: I also have a lot of AGBA at 1 due to upcoming merger, suspect it will be a similar situation to SPRT from a few years back. May be overextended now cirus fucked around with this message at 20:45 on May 13, 2024 |
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May 13, 2024 20:41
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trizzNPH posted:Ah thank you, my apologies i didn't realize that was the specific topic here and that there was a better thread for the question Yeah, check out the long term investments/retirement thread to get yourself set up. This thread is for fun money/gambling.
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May 13, 2024 20:56
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saintonan posted:I strongly advise against making investment decisions based on degen poo poo some other goon is doing. Excuse me sir, as somebody who has lost 92% on $NDRA I resent this comment
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May 13, 2024 21:03
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I made a profit on NDRA, did I take your money? I'm sorry. I was trying to take reddit money.
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May 13, 2024 21:08
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trizzNPH posted:so what is a good mindset/goal for investing, I suppose is my new question? i'm salaried just kinda getting my footing in more complicated finances like this later than id like to admit (27 yrs old). not in a position to lump any significant capital anywhere investment wise right now, but do have interest in getting to grips with fundamentals of the process and how to better think of this stuff cause right now it feels lightyears away from me in terms of understanding I’ve always tried to split my investing 50/50 between short term and long term efforts and focus on achieving some level of financial freedom by my mid 40s so I can work flexibly and sporadically between 45-65. Major short term milestones in my late 20s/early 30s were saving for a six figure house down payment in a HCOL city and then paying off my mortgage in ~9 years even though it’s favoring peace of mind over interest return optimization. My major long term milestone is getting my pre and post tax retirement to exceed $1M prior to 40 so it’s got 25 years for healthy growth even if I’m not contributing anything to it some years. I’d highly suggest making a simple spreadsheet for yourself so you can see how your various investment efforts (high yield savings, bonds, stock, 401k, ROTH etc) grow and align with your future age and goals. This thread is really only for gambling purposes, as others have stated.
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May 13, 2024 21:52
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Managed to buy a bunch of TUP when it was about $1. Hoping this repeats crazy run a few years back that I made money on but jumped out before it got really good.
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May 13, 2024 22:01
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Syrinxx posted:Excuse me sir, as somebody who has lost 92% on $NDRA I resent this comment 99.32% for me 
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May 13, 2024 22:48
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Did they never get FDA approval I take it?
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May 13, 2024 22:59
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Sokani posted:This thread is mostly degenerate gambling and commentary on novel investing instruments. It sort of turned into that during the pandemic and in the wake of GME, but back in the day it was more actual stock picking and not just rolling the dice on Penny Garbage or whatever. (I suppose the most zealous Bogleheads would call any and all stock buying outside of an index fund degenerate gambling, but lumping Peter Lynch or Ben Graham into the category of gamblers is a little ridiculous)
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May 13, 2024 23:20
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Boris Galerkin posted:Did they never get FDA approval I take it? Over the past couple years, NDRA always gooses the news cycle with some patents and job openings on their website ("they must be on the verge of a big announcement or there wouldn't be all this movement!") then the earnings call lands like a wet fart and FDA approval is dangled another three months out like a carrot on a stick. It's a penny stock bauble at this point, random 10% pops followed by long death spirals. After getting their 510k application rejected and told to start over with a De Novo, the De Novo turned out to also be poo poo. Filing documents seem to indicate the next road to approval involves revised De Novo data for 2025 approval at the earliest. Meanwhile, Nasdaq is going to delist it, doesn't seem to be much blood left to be squeezed. The only remaining analyst, Ed Woo, says Buy, with a $10 price target, but he's also pretty much the only caller left in conference calls, with softball questions about "how's it going." CEO Francois Michelon might be letting Ed borrow his Rolex once a month so he can feel fancy.
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May 13, 2024 23:44
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ARTPUP posted:Bought another 15 shares of Hawaiian Electric Industries (HE) @$10.08 last week, and 213 shares of Mereo BioPharma (MREO) @$3.10. Matt Levine's write-up of it today speculating on Kitty's plans was funny enough that I'm just gonna paste the funniest bits here: https://www.bloomberg.com/opinion/articles/2024-05-13/gamestop-is-back quote:Here is the first tweet, which does not make any fundamental or technical case for buying GameStop’s stock, or make any other arguments for the stock, or mention GameStop, or contain any words at all. Just a drawing of the guy leaning forward. There are some ambiguous follow-up video clips. Prior to this, Gill had not tweeted since June 2021, and his YouTube channel has been similarly dormant. GameStop’s stock opened this morning at $26.34, up 51% from Friday’s close; it got as high as $38.20 at 10:05 a.m., and was halted for volatility nine times in the first two hours of trading. Some exam questions:
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May 14, 2024 01:08
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Agronox posted:It sort of turned into that during the pandemic and in the wake of GME, but back in the day it was more actual stock picking and not just rolling the dice on Penny Garbage or whatever. I don't generally trade foreign stocks, but a revenue-growth, ROIC and FCF-yield based screener of mine is suggesting $PDD and $MELI. Rare consumer growth stocks in the screener amidst a sea of oil/financial/industrial stocks. The non-US consumer shall rise again...? Hawaiian Electric comes up on a deep TBV / profitability screener of mine, but the lawsuits from insurance companies still spook me.
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May 14, 2024 01:12
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I had a thought some months ago when PDD was a hundred bucks, “huh this Temu thing seems to be getting popular” but then didn’t actually trade the stock. Since then I’ve heard wildly mixed reviews and stayed away.
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May 14, 2024 09:00
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passive income is not just dividend yield, it's also capital appreciation. you can freely sell a fraction at any point
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May 15, 2024 12:55
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jawbroken posted:passive income is not just dividend yield, it's also capital appreciation. you can freely sell a fraction at any point I don't think that matters? The point is that if you had $10,000 invested in a unicorn fund that guaranteed 20% per year, you would make a passive income of $167/month through whatever combination of dividends and selling off stock. At year two you would still have a principal balance of $10,000 because you're drawing income not re-investing. Consider that the S&P 500 has a historic return of 10% according to the AI that Google has forced into their search page:  And you're getting $83/month per $10,000. At $50,000 you're getting $417/month, but if you're at a point where you've got $50k sitting around for "passive income" (meaning that you draw this income to spend) then I'm guessing that an extra $417/month is equivalent to finding loose change. Or alternatively, if that $417/month for 50k invested was meaningful to you, you wouldn't be betting it on stock that could just as easily lose 10% in value. Boris Galerkin fucked around with this message at 16:30 on May 15, 2024 |
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May 15, 2024 15:54
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GME over here blowing up accounts both ways
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May 15, 2024 16:34
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Petrobras CEO fired by Lula, stock dropped 10% and trading halted. My favorite oil stock is never boring. Massive dividends, low P/E, utter uncertainty regarding when/if it will be looted by the government.
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May 15, 2024 16:54
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Boris Galerkin posted:I don't think that matters? it sounds like we're agreeing…i was responding to a variety of posts like drk posted:A $50k investment isnt going to give you a useful amount of income. Right now it would get you about $700/year invested in VTSAX. Even $1m invested is only $13.4k/year. which were implying that dividends are the only form of passive income, like having to hit the sell button on your online broker means it counts as income from labour
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May 17, 2024 13:52
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