All things STOCKS

#4,883
#4,883
VolAllen said:
Daaaang you guys are crushin mine
Click to expand...

I think I'm at least 10 years older than you (41 here). Past several years have been good from stock perspective. That and I've never splurged and paid for a seafood tower.

I've been more lucky than good. Was able to get decent amount of money into market from 09-11. I've had good returns but obviously nothing in 8000% return range.
 
  • Like
Reactions: mr.checkerboards, TheColdVolTruth and JFreak
#4,886
#4,886
JFreak said:
Nice work. That's some WallStreetBets gain porn. So what's going to be your cut as VN portfolio manager?
Click to expand...

Thanks. I made some good trades, but I also got really lucky at times. I would want no part of managing someone else's money. I would lose sleep. I made a lot of trades by convincing myself that I only had so little to lose because of my small contribution in this account. That worked until I crossed 500k. I hit a mental block and realized that this is real money. It's a lot harder to trade in some of the names I was trading when you're dealing with larger positions. That's why I chuckle when I hear people throw shade at some of the big name investors like Buffett because they beat him on rate of return over a certain timeframe. It's a lot easier to get return on smaller moves. He's moving billions without blowing up a ticker until after the deal is done.

I actually lagged the market last year, but I was pretty well positioned for the March crash. I had liquidated a pretty large percentage of my account when China was locking down in February. Not because I thought we would lock down, but I thought the supply chain was in jeopardy with their lockdown. I'm not trading much in small caps any more, but I do still make some unorthodox trades in this account.
 
#4,887
#4,887
TheColdVolTruth said:
I know you like the physical metals, of which I have none, but I'm as hedged in precious metals right now as I've ever been. I took a position in GDX and GLD in May after taking some profits in some restaurant stocks. The only physical metals I've bought this year are lead and brass.
Click to expand...
Its still 50% below all time highs from 2011 and 1980...

The money printing we are doing right now have almost sealed the deal we will return to those highs, plus some soon.
 
#4,888
#4,888
BigOrangeMojo said:
I think I'm at least 10 years older than you (41 here). Past several years have been good from stock perspective. That and I've never splurged and paid for a seafood tower.

I've been more lucky than good. Was able to get decent amount of money into market from 09-11. I've had good returns but obviously nothing in 8000% return range.
Click to expand...

Yea I’m 31 and just two years in. The first year is basically like paying to go to school if you don’t have someone helping you. Make it through Year 1 and you’re on a good path. Most people die out within the first 6 months it seems.
 
#4,893
#4,893
VolAllen said:
Yea I’m 31 and just two years in. The first year is basically like paying to go to school if you don’t have someone helping you. Make it through Year 1 and you’re on a good path. Most people die out within the first 6 months it seems.
Click to expand...

I did a lot of day trading when I was in my early to mid 20s. I see some of those in here that are trading with very limited information in what they are investing in and I won't lie, it makes me cringe a bit. Sometimes you will get lucky (NVDA, Marvel for me) but many times you won't (Tyco, Citigroup). If you commit to a strategy, pick quality, and have the financial means to consistently put money into the market in good and (especially) bad times, you will do good. If you invest in companies hoping for good PR or that they actually exist in the way they say they do, then you are opening yourself up for disappointment.

I've made tons of mistakes and I'm stubborn a bit in my ways but that's the strategy I've set for myself.
 
  • Like
Reactions: UTSuave’, mr.checkerboards and Go aeiou
#4,896
#4,896
VolAllen said:
I can’t help but to feel like I’d be chasing this one...
Click to expand...

I think you would be chasing it from a technical view. From a fundamental basis, the bull case would be that people buy precious metals as a safe haven when there is geopolitical uncertainty, when there is no real hope of yield in the bond market, and when there is macroeconomic uncertainty. We currently check all three of those boxes. I'm not trying to convince you to buy, but that's why I think we're seeing the price moves that are taking place right now.
 
  • Like
Reactions: DocVOLiday and VolAllen
#4,897
#4,897
Or, the next best thing to a mining stock ETF is to buy in to one of the royalty companies. FNV was @ $90 a year ago today and is now @ $158. SAND is an up and comer that has the potential for plenty of up side. It was around $4.50 during the death rattles of March and is now above $10.
 
#4,899
#4,899
mr.checkerboards said:
I couldn't sleep with that much money in. I van imagine the swings on every penny.
Click to expand...

Quite the opposite. If you have limited debt and you are diversified amongst several industries and stocks, the daily swings are just blips on the radar.

I own LVS and WYNN and I expect tomorrow will be a bad day for them. I'll just sit back and watch and if the carnage is too bad, I'll add some shares
 
  • Like
Reactions: DocVOLiday and mr.checkerboards
#4,900
#4,900
BigOrangeMojo said:
Quite the opposite. If you have limited debt and you are diversified amongst several industries and stocks, the daily swings are just blips on the radar.

I own LVS and WYNN and I expect tomorrow will be a bad day for them. I'll just sit back and watch and if the carnage is too bad, I'll add some shares
Click to expand...
Fair. I guess if you expect a red day it isnt as bad. Ive just got to learn patience.
 
  • Like
Reactions: VolAllen
New posts
You must log in or register to reply here.

VN Store



Back
Top