All things STOCKS

#9,378
#9,378
$GENI with a nice bounce today. I think all sports betting stocks will see a little push up as Canada is expected to pass through their sports betting bill.

This is my biggest position to date. Hoping it found it's bottom today and retraces back up towards the mid 20's.
 
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#9,379
#9,379
Carp said:
$GENI with a nice bounce today. I think all sports betting stocks will see a little push up as Canada is expected to pass through their sports betting bill.

This is my biggest position to date. Hoping it found it's bottom today and retraces back up towards the mid 20's.
Click to expand...
I'm in that and jumped back into DKNG this morning. Let's go!
 
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#9,381
#9,381
Cashed out of $GENI for a decent gain. After some more digging, I think the sector is due for a decent pull back.
 
#9,384
#9,384
Looking to get into $OSW in the coming days. Traded it before and did well with it. It still has a good bit of recovery left to pre-covid levels. It moves with the cruise industry. Down a good bit today due to a secondary offering, but it appears to be a non-dilutive offering, so hopefully will see a quick recovery here.
 
#9,387
#9,387
mrorange211 said:
FUBO at 34.50= massive squeeze. When/if squeeze happens, it will pop 8-10 in one trading day. Is today the day?
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It has a large gap to fill back to the 41.90 area. I'll try to load up on any pull backs. Most of my capital is currently tied up in OSW and BTU. I like both of these to run up 20%. Particularly OSW. Strong chart and the only reason it dumped was due to a secondary offering yesterday that was non-dilutive.
 
#9,394
#9,394
We talked a few weeks ago about VERO and it's going parabolic today. Don't know why. volume is ordinary. I'm no chartist.
 
#9,395
#9,395
$RKT is wedging. I still think it has another pull back below 18.50. But could see a serious bump towards the end of July/start of August, imo.
 
#9,398
#9,398
nicksjuzunk said:
Correct me if I am wrong, for sure! I’m running around like crazy now.
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Then buy ETF’s and quit worrying about individual stocks, at least with the vast majority of your savings. Focus your attention on increasing your savings amount when possible. Time and compounding are the keys. Everyone thinks they can do better than ETF’s but very few actually do better. It’s crazy when you look back over 30+ years how the growth happens in spurts. After 34 years of working post college and consistent savings I finally got to a point over 3 years back to were I thought we had enough to maintain our lifestyle and when I checked everything yesterday we were up over 60% from where I was hoping to be able to withdraw 4% and maintain my nest egg. I’m sure there’s going to be a major correction soon (1week to 5 years) so I’m not increasing the withdrawal rate - time will tell
 
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#9,399
#9,399
I’m thinking about having an older relative buy into TIPS. They are 100% in CDs and near zero interest FDIC bank accounts right now. They can’t handle risk very well but do not understand how 100% in cash is eroded by inflation. Is anybody familiar with TIPS?

I hope to get them nibbling on some fixed income ETFs and Total Market ETFs as well, but baby steps. I’m afraid that both of those style ETFs could be under some near term pressure with interest rate hikes expected in 2022 and 2023. Would TIPS be the next riskiest option after cash?

Benzinga Newswire:
Bond Investors Get Inflation Hedge: After years of having to battle inflation when buying Treasury bonds, investors got their first crack at TIPS investing in 1997. While the coupon rates of TIPS are constant, the principals are adjusted based on the Consumer Price Index, a commonly used metric for measuring inflation.

Treasury bonds are considered some of the lowest-risk investments out there due to their backing by the U.S. government. TIPS eliminate even more of the risk involved in Treasury bond investing. This lower risk comes at a price, however, as TIPS typically carry interest rates that are lower than other government or corporate bonds.

Investors can buy TIPS for as little as $100 using the TreasuryDirect system. TIPS pay interest semiannually and are currently offered with maturities of five years, 10 years and 30 years.

For investors who would prefer to buy TIPS ETFs, popular choices include the iShares Barclays TIPS Bond Fund (ETF) (NYSE:TIP), the Vanguard Asset Allocation Fund (NASDAQ:VTIP) and the Schwab Strategic Trust (NYSE:SCHP).
 
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#9,400
#9,400
walkenvol said:
Then buy ETF’s and quit worrying about individual stocks, at least with the vast majority of your savings. Focus your attention on increasing your savings amount when possible. Time and compounding are the keys. Everyone thinks they can do better than ETF’s but very few actually do better. It’s crazy when you look back over 30+ years how the growth happens in spurts. After 34 years of working post college and consistent savings I finally got to a point over 3 years back to were I thought we had enough to maintain our lifestyle and when I checked everything yesterday we were up over 60% from where I was hoping to be able to withdraw 4% and maintain my nest egg. I’m sure there’s going to be a major correction soon (1week to 5 years) so I’m not increasing the withdrawal rate - time will tell
Click to expand...

We are in the exact same situation here. We actually saved money during the covid year because we stayed home. Wife wrote in high school annual that she "wants to travel and see the world". My father WW2 and Korea talked about the places he had been.
So we do like to travel, and have been traveling for 30 years. I have observed that very few people over about 75 are able to travel independently, and enjoy doing the things we enjoy. So at 70 we will spend more for a few years doing what we enjoy doing.
There is always a correction in the future. I keep at least 3 years of expected retirement plan withdrawals in near cash.
 
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