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07-13-2023, 10:15 AM #3811
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07-13-2023, 10:25 AM #3812
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07-13-2023, 11:31 AM #3813
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07-13-2023, 11:33 AM #3814
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07-13-2023, 12:35 PM #3815
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07-13-2023, 12:47 PM #3816
Srs answer is srs
UPS tea is not a buy for you at this time given that you know nothing about the company or the stock, as indicated by your post.
Only buy something that you know deeply, and use in your daily life,
Doesn’t upstart provide some AI driven background check for people who are about to buy a home? If so, that stock is only for people who know real estate market extremely well, as well as AI, and spent at least a few days reading up everything they can on the stock, otherwise you just gonna lose money.
that ****ing thing was $400 a year ago and people were buying it left and right saying the same things that you said in your post. That included some major multi billionaire money managers.
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07-13-2023, 01:48 PM #3817
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07-13-2023, 02:14 PM #3818
I'm getting relatively crushed by keeping so much money in Money Markets right now, but I just can't FOMO into this rally. Outside of my regular index buys to keep some skin in the game (as always), I'm buying financials/energy/industrials since they're the laggards. The hope basically is that they'll either catch-up (and therefore outperform the S&P) if this rally is real or at least won't fall as much as tech will if it's a bear market rally. I still continue to like energy and financials especially and am wanting to buy $CAT and $FCX
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07-13-2023, 02:23 PM #3819
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07-13-2023, 02:35 PM #3820
I personally don't put any stock (pun intended) into technical indicators, so I have no idea what all that means. For me, all that stuff is analogous to astrology for men. The way to make money in investing in my mind is to buy sound companies that have a plan and show they're executing on it based on the financial data they report and ideally are being overlooked by the market. Everything else is speculation IMO.
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07-13-2023, 03:12 PM #3821
I agree But fomo, a term you used, is a kind of a technical indicator, a chart went up and people jump in out of fear of missing out.
If you were to disregard this “rally” (another technical term you used), then you’d buy at the top or at the bottom all the same. You should not care then. At all. Like warren buffet who bought things at the top. Only for those things to go up again! (His purchase of Apple being the prime example, it ran up so much that even all the big billionaire investors were getting out like Carl ikhan , Buffett bought at the very top and was called an idiot for doing so, and ended up making tens of billions from this)
I don’t know about astrology for men, Max Kaiser comes up with catchy phrases, but that statement is a stretch. I guess to me technical indicators are one of the things to consider when buying or selling or holding. Naa meen?
Long post rant/
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07-13-2023, 03:19 PM #3822
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,357
- Rep Power: 239152
IMO one of the worst things you can do is think you need to catch every rally and lament missing out. All you really need to do is make a few good moves in your life, make them with conviction, and don't lose any money along the way.
The fewer moves you need to make the better, this is something Buffett and Munger have been hammering home lately.
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07-13-2023, 03:26 PM #3823
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07-13-2023, 04:14 PM #3824
1. Eh, I disagree that FOMO is a technical term and same with "rally". FOMO is used in everyday life and has just been applied to stock markets whenever there's a violent move upward to describe people who missed the bottom and are now jumping in hoping it continues. Rally also isn't a technical term IMO. I think you'd be hard pressed to find anyone who thinks a 13% run in 3-4 months to not be a rally. For the sake of clarity though, I mean technical indicators to be something akin to when people claim that something will happen "because of the charts". I.e. Golden cross, death cross, 50/200/500 day moving averages, channels, etc.
2. I do buy at the top and bottom. If you look through my posts, I always advocate people to DCA in at all times to stay invested. Note how even in my last post, I spoke about how I'm still DCAing in because I know I can't time the markets or know when a run will start or end. The only difference is this time, I felt the risk-reward was skewed downward and have been holding more cash. Even otherwise, I've initiated new positions in the last month or so. Point being, I'm not stopping deploying capital even in my personal account. I'm just A LOT more selective about what I'm buying and am avoiding the handful of stocks that are driving the gains
3. If you're into technical analysis, go for it man. For me personally, I never understood why a 200 day moving average is preferable to 210 or even 250 days, for example and none of the patterns made any sense to me. I personally have made a lot of money by primarily indexing regularly and by sticking to principles from Warren Buffett, Howard Marks, etc. who all preach about understanding market cycles and buying quality businesses for the long-run when people aren't as optimistic about their growth. I don't even buy purely Boomer stocks in stodgy old businesses. Some of my biggest positions are $ABNB and On holdings, which are both in the growth camp. There's multiple ways to make money and my choice is towards treating stocks as owning a piece of a company's profits. Just hold your nose and buy quality at all times is my mantra.
Agree with this 100%. Even Buffett will admit most of his riches have come from a few good trades. This is why I mainly index. I think I can generate a few good ideas, but I haven't admittedly hit it out of the park with any picks, besides $AAPL/$MSFT so far. Those picks mean nothing since everyone and their Grandma (quite literally) made money off of those 2 last decade.
My thought process is if I index early and often, I'll catch every rally over time without overextending myself and taking on unnecessary broader market risk. I can then keep cash on-hand in money markets to balance my risk tolerance and to buy any big crash or to take a chance on some individual names I think have needlessly fallen out of favor. If I happen to generate alpha from those positions, awesome! If not, no big - I'm still moving upward in the long run
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07-13-2023, 05:07 PM #3825
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07-14-2023, 06:42 PM #3826
Anyone else jump on the Moomoo brokerage bonus? It is supposed to be ending this Sunday, but signing up by 4 am EST Sunday and funding your initial deposit gets you in before the deadline.
You get $100 for signing up, an extra $50 for signing up through a referral link, and 16 stocks (if you fund with $5000) including one share of GOOG or TSLA. I ended up getting $200 in stocks including my share of GOOG.
So somewhere between $350-450 depending on whether you get GOOG or TSLA. You need to keep the money in for 60 days, but you can invest in SGOV and earn 5% just like a high yield savings account.
There is also a transfer bonus that can be stacked to get another $100 if you transfer in $1000 via ACATS (not ACH). This is a little more work, but supposedly easy to do at Fidelity as a partial account transfer. So could be $450-550 if you include this one.
Just wondering if anyone else jumped on this one, PM me if you want a referral link.
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07-15-2023, 03:30 AM #3827
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07-15-2023, 04:39 AM #3828
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07-15-2023, 09:51 AM #3829
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07-17-2023, 08:18 AM #3830
- Join Date: Apr 2009
- Location: California, United States
- Posts: 29,085
- Rep Power: 223279
NFLX crew?
We killin it!!!!!
Long term average in and out crew
Most of my good plays have been done this way and yeah when you're in triple digit percentage gains start taking some off the table lol you guys
I agree, srs
Been waiting what feels like over two years for it to pop offJournal: https://forum.bodybuilding.com/showthread.php?t=139898123&page=240
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07-17-2023, 02:45 PM #3831
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07-17-2023, 05:47 PM #3832
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07-17-2023, 06:12 PM #3833
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07-17-2023, 07:56 PM #3834
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07-17-2023, 09:45 PM #3835
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07-17-2023, 09:48 PM #3836
"The Power Within: Unveiling the Secrets of Mind and Spirit
A small text description is a brief and concise portrayal or explanation of something. It typically provides a compact summary or overview of a subject, object, event, or concept, capturing its essential features or key points in a succinct manner. Small text descriptions are often used in various contexts, such as product descriptions, movie summaries, book blurbs, or introductory paragraphs in articles. Due to their brevity, they aim to convey information efficiently while still providing enough context or enticing details to capture the reader's attention.
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07-17-2023, 11:37 PM #3837
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07-18-2023, 05:10 AM #3838
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07-18-2023, 06:05 AM #3839
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07-18-2023, 07:47 AM #3840
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