I liked 1999. Research was throw a dart at the nasdaq listings in the paper and buy whatever ticker you hit.
I think you are smarter about this subject than I am. Having said that with the advice of Fidelity investments I did something a couple years ago called harvesting your losses. I sold out of my S&P 500 fund which had accumulated losses at that point and then they reinvested it into S&P like Stocks. They had a program for that with a very low management fee and so I was able to capture those losses And put them against other Gaines I had and then reinvest Into a similar S&P type product, so I’m still getting what I already had but able to use losses against my Gaines.
I'm really not man. My math and analytical skills translate cause I do forecasting and economic risk and managing capital for a living, but I skipped the portfolio management route. My thought, and what you did, would differ person to person, stock to stock though depending on who's into what I would think, along with whether you have gains or losses to offset. I was just randomly wondering if there a more overall macro trend with enough people doing one or the other, the move the market in a general sense. I feel like crypto has had more of that with its swings than normal people, but with market sirens starting to ring, just wondering out loud if there was something there.
You manage capital for a living, yet you come to the beeb on how to invest? When did you start with @motion & @BigBird ?
see TSLA and yep the pump and dump Crytpos. enough electronic back room channels out there to make swings happen for sure
I'm just talking here. I've taken zero action or advice on anything said here haha ever, don't be insane. Watching two things even suggested, one just to make fun of somebody, another actually a bit interested in but no trigger pull yet. And I manage business capital strategy, I don't sit and research individual stocks all day my guy. There's about 3 people in here that actually sound like they know what they're doing, just stimulating the brain.
Recent story, a guy I work with currently and worked with for 12 years at another place got talking at our company Christmas party last week. I hadn't seen him in 7 years as we both work remote and travel for different projects. He was always really into stocks and still is but it seems he's taking on more risk than I ever thought he would. He said he took all the money out of his 2 kids 529 accounts and invested it in crypto and then took another $500k and put it in some double leveraged crypto affiliated stock or something. Frankly, I didn't have much knowledge of what he was even talking about so I'm not even sure I said the previous sentence correctly. I said to him you realize you are no longer investing and just gambling at this point. I think he's done well in general so he's putting more on the table. When he was talking to me all I could think of was the movie The Big Short where the Hot Hand Fallacy was being explained.
That's him, said he didn't sleep the night before the party because he was refreshing some stock pick all night
Hmmmm.... Who are the other two? Every time I feel like I have a gahtdamn clue, the market humbles the hell outta me.
M&B dawg I've piled back into crypto and a few stock shares in the past couple weeks. Fully expect to lose my ass.
Touching your kids 529 accounts means you need to go see a therapist to treat your gambling addiction
There's a reason the tale of putting all your eggs in one basket exists. Crypto is very volatile. That's a good thing. Where it ends up? In the end it's just bits on your chosen storage device.
I think I will be liquidating my Zuma assets and move the funds to Ford Panther platform futures. The future looks bright.