Stock Market Chit Chat

[phe0nixblade]

Re: Stock Market Chit Chat

i invested a little into tesla and im seeing good return on that lol other than that i don't know shit i just knew tesla would be big one day

[trumaestro]

Re: Stock Market Chit Chat

if anything, people should look to make money off of this stupidity and the retail investors flooding (this includes you, and me) but also have a valid exit plan. after joining the workforce i've met all kinds of people, including people whom you'd never expect to be "wealthy," like people who've flipped houses during 2005-2007 for millions of dollars when they knew all too well it was a bubble.

basically, the market can remain irrational longer than you can remain solvent. so why not enjoy the ride? personally speaking i'm up $18,000 today and i didn't even contribute anything to society. it's really, a joke honestly.

I like that there is an increase in market participation. It should mean more people can become financially literate, and learn how to read financial statements.

I still question why some new-ish companies see huge share price growth without the profits to back it up. It know it's based on potential profits and possible future cash flows, but at some point it becomes a question of just how long you'd have to wait to see actual profit out of the company. Hype only lasts so long. That's why I like Warren Buffet; his strategy is actually pretty simple with time in market and investing in business models you can understand.

As far as your last point, you can consider the taxes you pay on your earnings a contribution to society.

[Poison-]

Re: Stock Market Chit Chat

I mainly trade Canadian stocks as they're free on the platform I use.

I have a pretty conservative portfolio so far. Mostly just holding for retirement, but definitely willing to take some risk before this tech bubble pops.

[mi40]

Re: Stock Market Chit Chat

I mainly trade Canadian stocks as they're free on the platform I use.

I have a pretty conservative portfolio so far. Mostly just holding for retirement, but definitely willing to take some risk before this tech bubble pops.

just gotta dance until the music stops. then we need to sit down.

i invested a little into tesla and im seeing good return on that lol other than that i don't know shit i just knew tesla would be big one day

tesla is just insane.. i refuse to touch it though.

I like that there is an increase in market participation. It should mean more people can become financially literate, and learn how to read financial statements.

I still question why some new-ish companies see huge share price growth without the profits to back it up. It know it's based on potential profits and possible future cash flows, but at some point it becomes a question of just how long you'd have to wait to see actual profit out of the company. Hype only lasts so long. That's why I like Warren Buffet; his strategy is actually pretty simple with time in market and investing in business models you can understand.

As far as your last point, you can consider the taxes you pay on your earnings a contribution to society.

funnily enough i think the current state of the market is bringing in people who are not willing to learn about the fundamentals or technicals behind 'trading and investing' and they will permanently take their leave once they get burned. i'm already seeing a lot of it happen after tesla drew down yesterday and today. people can't even seem to stomach 2 days of fat red candles going downwards.

and as for the huge share price growth, the market looks forwards.. sometimes too forwards. like zoom for example. i don't think the market actually cares about profit anymore. because if they did, intel should be way higher, but it's not - because people only look at the potential room for growth. the only exception to 'potential growth' would be megacaps like apple/amazon where there is still unlimited room for growth based on their business model & scale.

and yeah, that short-term gains tax is going to suck. especially as a california resident. i'm thinking of moving to someplace like washington if i get bigger and bigger.

[trumaestro]

Re: Stock Market Chit Chat

funnily enough i think the current state of the market is bringing in people who are not willing to learn about the fundamentals or technicals behind 'trading and investing' and they will permanently take their leave once they get burned. i'm already seeing a lot of it happen after tesla drew down yesterday and today. people can't even seem to stomach 2 days of fat red candles going downwards.

Sounds like someone needs to explain the concept of risk to people before they invest.

Do you think that this is because of a rise in investment social media (like Keemstar shown above), or more easy to use apps like RobinHood opening the market to more people? (Probably both)

and as for the huge share price growth, the market looks forwards.. sometimes too forwards. like zoom for example. i don't think the market actually cares about profit anymore. because if they did, intel should be way higher, but it's not - because people only look at the potential room for growth. the only exception to 'potential growth' would be megacaps like apple/amazon where there is still unlimited room for growth based on their business model & scale.

I think that one force you won't see too much in just the stock market is still going to be interest rates. Remember, companies raise capital either through selling shares or taking on/issuing debt. Debt has been so cheap for so long there is little incentive to not take more debt. Debt magnifies returns for the shares you do sell too. The long term effect is a constant upward pressure on share prices. Investors want dividends too, but a limited number of shares pushes prices up.

As far as future growth, I think more investors need to look at what happened with the We company. Grew to be "worth" billions, but had no profits and died VERY quick. It emphasizes the need to understand both financial statements and the business model you'll be investing in. Also judge executives. I like this video on it.

and yeah, that short-term gains tax is going to suck. especially as a california resident. i'm thinking of moving to someplace like washington if i get bigger and bigger.

Can't speak on American tax, so good luck on that. Keep some cash in reserve for it.

[gold stinger]

Re: Stock Market Chit Chat

How are those Nvidia stocks?

[mi40]

Re: Stock Market Chit Chat

it's 100% a new wave of retail investors, but the thing is - they don't have as big of a driving force in the market versus say, market makers and the big boys (banks, funds, etc)

it does show a frenzy however, on stocks like tesla for example. and a bunch of pump and dump penny stocks. kodak is another good example.. i watched it blow up overnight from $2.50 to $8 and said to myself, there's no way this can go higher after just 1 announcement of a COVID related government loan.

then the next day, trump mentioned kodak as a COVID vaccine chemicals producer (or the potential to be) and it jumped to $54. now it's back down under $8.. and the amount of people still holding kodak shares from >$20.. extremely sad. people seem to not do their due diligence these days and those who do seem to make it big.

for example, peloton/dick's sporting goods/lumber skyrocketed (for obvious reasons) but most people didn't think about any of that because well, who wants to buy boring stocks like dick's sporting goods? we want to buy tesla for fast, quick money instead!

i heard there's a way to defer the tax then have it written off if you make enough for this year (something like, if you made 110% of your previous yearly salary via short term gains tax, you can have it written off completely for this year..) - i need to look into that.

i'm up $19k today for reference.

[mi40]

Re: Stock Market Chit Chat

How are those Nvidia stocks?

the $499 price point for RTX 3070 is fucking insane. NVDA is up from $508 earlier this week, and jumped last night after jensen huang's announcement.

it's phenomenal, and i believe NVDA has further room to grow. i personally grabbed one 1/15/21 $660 call for it today.

[gold stinger]

Re: Stock Market Chit Chat

the $499 price point for RTX 3070 is fucking insane. NVDA is up from $508 earlier this week, and jumped last night after jensen huang's announcement.

it's phenomenal, and i believe NVDA has further room to grow. i personally grabbed one 1/15/21 $660 call for it today.

Don't quote me, I've never invested, never have the money to do so. There's a shit-ton of media coverage right now on Nvidia, and it's at a time where young adults are looking into making computers themselves, because pre-builts are 'expensive', and the knowledge to build one yourself is there. Multiply that with Covid keeping everyone indoors for extended periods, compiled against release of next-gen video game console hardware specifications, and yeah, can probably see an Nvidia bubble similar to Tesla happening in the near future when they get released.

[mi40]

Re: Stock Market Chit Chat

Don't quote me, I've never invested, never have the money to do so. There's a shit-ton of media coverage right now on Nvidia, and it's at a time where young adults are looking into making computers themselves, because pre-builts are 'expensive', and the knowledge to build one yourself is there. Multiply that with Covid keeping everyone indoors for extended periods, compiled against release of next-gen video game console hardware specifications, and yeah, can probably see an Nvidia bubble similar to Tesla happening in the near future when they get released.

not to mention i think nvidia's datacenter business has outgrown its GPU business. and if we see another crypto mining boom or A.I. related boom, we're in for a major rocketship up on nvidia.

[ilikexd]

Re: Stock Market Chit Chat

do you think you're beating the market?

[mi40]

Re: Stock Market Chit Chat

do you think you're beating the market?

only time will tell

[ilikexd]

Re: Stock Market Chit Chat

but what do you think right now?

[Charu]

Re: Stock Market Chit Chat

I hope this doesn't mean the 2000 series will get more expensive. I was specifically waiting for the 3000 series announcement to hopefully see a decrease in the 2080's.

...But I'm assuming it will since Nvidia themselves pretty much just stated "yeah, our new shit is only $600 or less if you get the 3070"

Maybe I should invest in a 3000 series instead. We'll see what the price drop will be for the 2080's as a response to this.

[gold stinger]

Re: Stock Market Chit Chat

do you think you're beating the market?

I'd like to think so, yeah. But only short term, which is significantly risky to most investors. Chit chat on the topic is generally trading information/insight on stocks and how they might perform in the first place, which essentially is better than any single person doing their own research. /shrug

Also, what qualifies as 'beating the market' nowadays? If the definition there means being more accurate than numerous stocks for retirement and for stuff like Dow Jones & Nasdaq, then yes. My 2 cents on it, is that the market as a whole, has gotten a lot more volatile in the past 10-ish years, as young adults get involved in the business of investing. The instances of bubbles in a particular stock forming has increased massively. And because of that, there is a bigger, and broader range of things that people generally know about, and have more experience in investing compared to back in the 2000's.