Stock Market/Investing

[Ares]

How many times have you heard...

"Oh you invest?, I don't gamble."
"I have no clue about the markets"
"too risky"


Meanwhile, those above folks lose out on so many dollars. Life changing dollars.


Invest People.

I tend to be shy about talking about my investing with my fam because they are the people you described.

They either say "I don't understand stocks" or they say something about gambling.

I make money when I gamble these days... last trip to Vegas I came out with enough money off the Craps table to pay for the entire trip/hotel and then some.

I make money when I do sports betting too.... I was up 2,000$ after betting on the White Sox last season.

And I made money betting on the Super Bowl.... 1,100$.... my instinct said "Brady will lean on Gronk in the Super Bowl" and I bet 1st TD for Gronk, and I bet 2 or more TD for Gronk.

And I make money on my investments.... crypto portfolio is up 750%..... that market is on a downturn, but still a great investment.... I've made money on 8 of 10 stocks I've invested in.... and thus far I've made money on all the options trades I've made the last week.

It is not pure gambling if you have good instincts and have rational basis for your investments.

I do not always win... at Craps, Sports betting, nor stock/options trading, but I win far more than I lose.

 

[MDB111™]

I tend to be shy about talking about my investing with my fam because they are the people you described.

They either say "I don't understand stocks" or they say something about gambling.

I make money when I gamble these days... last trip to Vegas I came out with enough money off the Craps table to pay for the entire trip/hotel and then some.

I make money when I do sports betting too.... I was up 2,000$ after betting on the White Sox last season.

And I made money betting on the Super Bowl.... 1,100$.... my instinct said "Brady will lean on Gronk in the Super Bowl" and I bet 1st TD for Gronk, and I bet 2 or more TD for Gronk.

And I make money on my investments.... crypto portfolio is up 750%..... that market is on a downturn, but still a great investment.... I've made money on 8 of 10 stocks I've invested in.... and thus far I've made money on all the options trades I've made the last week.

It is not pure gambling if you have good instincts and have rational basis for your investments.

I do not always win... at Craps, Sports betting, nor stock/options trading, but I win far more than I lose.

CCS Texas Hold Em tournament?

 

[Ares]

CCS Texas Hold Em tournament?

I don't gamble.

 

[MDB111™]

I don't gamble.

That's also not gambling.

 

[Broc]

I tend to be shy about talking about my investing with my fam because they are the people you described.

They either say "I don't understand stocks" or they say something about gambling.

I make money when I gamble these days... last trip to Vegas I came out with enough money off the Craps table to pay for the entire trip/hotel and then some.

I make money when I do sports betting too.... I was up 2,000$ after betting on the White Sox last season.

And I made money betting on the Super Bowl.... 1,100$.... my instinct said "Brady will lean on Gronk in the Super Bowl" and I bet 1st TD for Gronk, and I bet 2 or more TD for Gronk.

And I make money on my investments.... crypto portfolio is up 750%..... that market is on a downturn, but still a great investment.... I've made money on 8 of 10 stocks I've invested in.... and thus far I've made money on all the options trades I've made the last week.

It is not pure gambling if you have good instincts and have rational basis for your investments.

I do not always win... at Craps, Sports betting, nor stock/options trading, but I win far more than I lose.

Pffft... chump change. Everybody knows if you really want to build generational wealth you should be buying fractional shares from Cramer's $500/share club. ?

 

[knoxville7]

Pffft... chump change. Everybody knows if you really want to build generational wealth you should be buying fractional shares from Cramer's $500/share club. ?

are you insinuating that Cramer doesn’t make money on his investments?!

there’s different risk tolerance levels for all investors. Cramer and people his age, it makes sense to invest the way he does. Not as long of time to make that money back if risk does bite you in the ass. You can hate on Cramer all you want, but don’t act like he isn’t extremely successful in what he does

also, it doesn’t matter if you have 1,000 shares or half a share. The amount invested is still the same amount invested. If you make X amount on that money it’s the same no matter how many shares you have.

 

[Broc]

are you insinuating that Cramer doesn’t make money on his investments?!

Never said he makes no money, simply mocking him for being the complete assclown that he is.

Of course he makes money... for his hedge fund buddies.

The boomers following his advice... not so much ?

Jim Cramer vs. S&P 500: Chasing Mad Money

A study by Wharton researchers compares 16-plus years of returns for the TV star's AAP portfolio, which spotlights many of his top picks.

www.ifa.com

there’s different risk tolerance levels for all investors. Cramer and people his age, it makes sense to invest the way he does. Not as long of time to make that money back if risk does bite you in the ass. You can hate on Cramer all you want, but don’t act like he isn’t extremely successful in what he does. also, it doesn’t matter if you have 1,000 shares or half a share. The amount invested is still the same amount invested. If you make X amount on that money it’s the same no matter how many shares you have.

Don't worry I'll continue to clown Cramer as I see fit but thanks for the lecture dad.

 

[Tater]

I used to follow Cramer years ago, and then he went all in for his buddy Lampert for CEO of Walmart. Lost faith after that, but I didn't do much investing at the time.

 

[Chief Walking Stick]

https://twitter.com/i/web/status/1366089358806298625

 

[ijustposthere]

https://twitter.com/i/web/status/1366089358806298625

Doesn't crypto not use banks? Or would this simply be when purchasing crypto with fiat?

 

[botfly10]

Lol you should read WSB.... its a hoot.

that place terrifies me

got me on (and off) the GME train last week tho

woot

 

[botfly10]

I need a play for some money I got sitting, but tell you what, I am kinda exhausted with obsessing over the stonks

 

[Ares]

I need a play for some money I got sitting, but tell you what, I am kinda exhausted with obsessing over the stonks

Wait for another dip and buy IIPR, hold it.

Good dividend stock and growth because of the way the winds are blowing for Federal legalization.

 

[botfly10]

Wait for another dip and buy IIPR, hold it.

Good dividend stock and growth because of the way the winds are blowing for Federal legalization.

yeah, I got my longer term weed plays already. lookin for some shorter things, idk

 

[Ares]

yeah, I got my longer term weed plays already. lookin for some shorter things, idk

Short term.... we're all looking for short term money lol.

I've been buying/selling AMC and Carnival call options, with the excitement of people going back to theaters or going on vacations they have been pushing higher as of late, and the WSB stuff tends to push AMC higher during the trading sessions.

If you want you could bet on WKHS.... might shoot back up in the next month or so.

 

[HSBOB]

While I got in it purely for the short squeeze play I do think the general thesis regarding Ryan Cohen turning the company around is looking more and more correct. Post squeeze I'll probably re-invest some of my proceeds back at whatever the new floor ends up being and go long on it.

I just think all the haters and boomer rage directed at GME is hilarious.

No hate from this boomer my friend,the reddit crowd ran Aphria up to $25 for me a while back and that was an exit point I gave up on..........LOVE those those crazy kids!

 

[ijustposthere]

Wait for another dip and buy IIPR, hold it.

Good dividend stock and growth because of the way the winds are blowing for Federal legalization.

I bought in under $80, and I don't plan on letting that one go.

 

[Scoot26]

I bought in under $80, and I don't plan on letting that one go.

I didn't buy until 200 (since I only knew of its existence due to this forum), bought more when it dipped to 176.

 

[ijustposthere]

I didn't buy until 200 (since I only knew of its existence due to this forum), bought more when it dipped to 176.

I put it in my Roth when I was researching good long term REITs. I'm just DCA on it so I'm sure my cost will go over $80 soon. Easily outperforming the rest of my portfolio.

 

[botfly10]

just saw this. kinda reflects what I have been feeling. seems like the markets are pretty disconnected from economic reality rn. but then again, wtf do I know. maybe it's always like this...

China is sounding the alarm about a global market bubble

One of China's most powerful financial officials is sounding the alarm over a bubble in global markets.

www.cnn.com

China is sounding the alarm about a global market bubble

Investors, hedge fund managers and former central banking officials have all expressed concerns too, as Wall Street trades near record highs even as the United States continues to grapple with the effects of the coronavirus pandemic.

Guo echoed such fears, adding that the rallies in US and European markets don't reflect the underlying economic challenges facing both regions as they try to recover from the brutal pandemic recession.