Boiler Room: The Official Stock Market Discussion

[CrimsonTider]

i don't get this...malls fall into disrepair based on the (changing) demographics of their surroundings and closures of anchor tenants. i can't think of any of the shyt malls around me that were always shyt, they fell off over time, usually because a newer, bigger mall opened a 10-30 min drive away, anchor stores closed or because the amount of theft from stores made retailers leave. i know plenty of malls that are still nice, hell, even high end, yet every time i visited, there were fewer people. the only "malls" i know that are thriving out here are outdoor.

@CrimsonTider you can't say shopping online isn't ideal (altho i agree it isnt for some things) yet also look at how terribly clothing retailers of all types have done over the past decade and say that people still love shopping in store or love brands. low end and fast fashion has gone bankrupt (sears, penny's, forever 21), mid tier has gone out of business or had severe decline (gap, macy's, lord and taylor, express/limited, victoris secret), upper mid tier (j crew, banana republic, nordstrom), high end is dying (nieman, barney's, DVF). i'm not sure what people are wearing or where they're shopping when every segment is getting beat down

Now I do think there’s too many Brick and Mortar stores in each city

but I can never get with trying on and returning clothes by mail.

 

[K-Deini]

I'm now a proud owner of arkf @Serious

 

[Macallik86]

Oh I thought this was like the education thread.

Do we have one?

This serves as it too I suppose.

Most of the active posters have been doing this daily for months so things seem kinda robotic after a while. If you have a specific question about something such as resources, where to start, what to expect, etc, then we can help ya

 

[Serious]

Trying to figure why zoom would be down tho

If people are panic selling then they’re trying secure profits also they may not like what they saw yesterday from zoomtopia.


Imo zoom has a couple other tricks up their sleeves that they can implement if they want to send their stock to the moon. One is to cheapen the ability to and access to dial out to consumers and two make closed captioning available both technologies are already there because I’ve used other competitors that have this ability but for zoom to use it on a mass scale it has to be damn near perfect before it’s implemented.

 

[NatiboyB]

On your long term investments how are you all determining how much you should invest by month? I have a few months of savings should I just go ahead and invest the rest? How much are you keeping for blow it money?

 

[Kyle C. Barker]

I'm now a proud owner of arkf @Serious

Yeah I think my next long term move will be building a semi large position in both arkf and arkk. Just to be a little more diverse.

 

[Serious]

On your long term investments how are you all determining how much you should invest by month? I have a few months of savings should I just go ahead and invest the rest? How much are you keeping for blow it money?

Nah don’t touch your savings unless we get a drop like in March. Unless you’re using M1, because you can borrow against your account at a super low rate. I have m1+ So it’s like 1 or 2%.


I just found that M1 was giving out free money from March to April.

They had zero interest loans

M1 Borrow Promotion

With that said, I invest about 60-70% of my paycheck. I wait for days and times when the market is red, like right now and strike.

During the green times I’m not doing shyt besides checking up on price movements and learning more about the company.

 

[funkee]

also spreading some wealth across ark today in f, g, and q

 

[Kyle C. Barker]

On your long term investments how are you all determining how much you should invest by month? I have a few months of savings should I just go ahead and invest the rest? How much are you keeping for blow it money?

Right now I invest 66%-70% of my paycheck in the market. I keep about $3k in the bank.

Stocks are liquid enough where I don't feel the need to keep 6 months of rainy day money on hand.

 

[VFib]

I wasn’t planning to spend money today, but I will if there are good sales.

 

[VFib]

I wish PACB would have a quick dip so I can pick up some more. My average cost is $9.

 

[Renkz]

These dips are depressing when it's not your payweek

 

[Macallik86]

On your long term investments how are you all determining how much you should invest by month? I have a few months of savings should I just go ahead and invest the rest? How much are you keeping for blow it money?

Right now I invest 66%-70% of my paycheck in the market. I keep about $3k in the bank.

Stocks are liquid enough where I don't feel the need to keep 6 months of rainy day money on hand.

In a similar vein, I'm throwing about half my paycheck into my trading account.

In terms of figuring out what to do with your $$$, there is a good reddit graphic on budgeting:

Spoiler

Note: One idea growing in popularity is to use your Roth IRA as an emergency fund. If you go that route, you can kill two birds with one stone in the graphic above, but ideally, you won't actually have an emergency that requires $$$ so that your $$$ can grow over time.

As Gabbo mentioned, you can close out any stock position and have the $$$ back in your bank account in 3-5 business days. In my +30 years, I've never had a money emergency that required $$$ in less than 5 business days.

 

[mannyrs13]

Nah don’t touch your savings unless we get a drop like in March. Unless you’re using M1, because you can borrow against your account at a super low rate. I have m1+ So it’s like 1 or 2%.


I just found that M1 was giving out free money from March to April.

They had zero interest loans

M1 Borrow Promotion

With that said, I invest about 60-70% of my paycheck. I wait for days and times when the market is red, like right now and strike.

During the green times I’m not doing shyt besides checking up on price movements and learning more about the company.

That's interesting to know. With my luck I'd borrow them the whole market would drastically go down. Good thing it's a 10k limit so they my broke ass. But something to consider whenever I go past that mark. I been investing on a scheduled basis and not at certain red points since M1 got that automatic investment option as well as fidelity. But been slowing down on it lately to build up some savings and pay down cc debt. Ima make money overall as time goes on anyways so not too worried about not being able to invest on red days. Just find something else to keep my mind off things.

 

[Serious]

I wasn’t planning to spend money today, but I will if there are good sales.

Fastly is down. Why don’t you buy the dip.