ramssuperbowl99 Posted August 5, 2020 Share Posted August 5, 2020 7 minutes ago, theJ said: World? It can't just be America, and this isn't the only stock market. But yes, this is a problem. It doesn't reflect the reality of the depth of issues right now with production of stuff. I'm still holding cash, and will continue to do so for a while yet. Much of it is American driven, since so much of the S&P 500 is being driven by the Apples/Amazons/Microsofts of the world. And stuff like this makes me wonder what the point of an emergency fund or even bonds are. If every time the S&P 500 goes down 15%, the fed is going to slash interest rates full boar to correct, who cares? Throw it all in. It's a lottery ticket with a money back guarantee. 2 Quote Link to comment Share on other sites More sharing options...
clevenowin Posted August 5, 2020 Share Posted August 5, 2020 5 hours ago, theJ said: World? It can't just be America, and this isn't the only stock market. But yes, this is a problem. It doesn't reflect the reality of the depth of issues right now with production of stuff. I'm still holding cash, and will continue to do so for a while yet. Rest of the world other than the CSI have all taken hits but nothing close to what you would expect from global pandemic, second from right column is YTD%: 1 Quote Link to comment Share on other sites More sharing options...
TVScout Posted August 10, 2020 Share Posted August 10, 2020 Kodak shares plunge after U.S. pauses loan until ‘allegations of wrongdoing’ are resolved The photography pioneer was poised to use a $765 million government loan to revamp its factories for pharmaceutical production 1 Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted August 25, 2020 Share Posted August 25, 2020 Quote Link to comment Share on other sites More sharing options...
Fresh Prince Posted August 26, 2020 Share Posted August 26, 2020 (edited) Bought in NIO at 13.35. Wish I found this stock earlier. Letting it ride At $20. NIO Long Edited September 1, 2020 by Fresh Prince Quote Link to comment Share on other sites More sharing options...
N4L Posted September 14, 2020 Share Posted September 14, 2020 https://electrek.co/2020/09/14/nikola-nkla-admits-faking-video-driving-prototype-weak-response/ Quote Link to comment Share on other sites More sharing options...
Scoundrel Posted September 14, 2020 Share Posted September 14, 2020 Tell me where when and how to invest my money please so I can not be broke thank you Quote Link to comment Share on other sites More sharing options...
jetsfan4life51 Posted September 15, 2020 Share Posted September 15, 2020 On 8/26/2020 at 3:09 PM, Fresh Prince said: Bought in NIO at 13.35. Wish I found this stock earlier. Letting it ride At $20. NIO Long I had a tip on them and bought a bunch but I think I ended up trading in and getting more MSFT instead. Quote Link to comment Share on other sites More sharing options...
Fresh Prince Posted September 15, 2020 Share Posted September 15, 2020 23 hours ago, N4L said: https://electrek.co/2020/09/14/nikola-nkla-admits-faking-video-driving-prototype-weak-response/ How it’s still higher than other actually EV company’s is shocking Quote Link to comment Share on other sites More sharing options...
Fresh Prince Posted September 15, 2020 Share Posted September 15, 2020 21 hours ago, Counselor said: Tell me where when and how to invest my money please so I can not be broke thank you Just have to read up on sticks and YouTube videos explaining when to buy certain ones. Tech stocks like Apple, Microsoft are always good plays Quote Link to comment Share on other sites More sharing options...
N4L Posted September 15, 2020 Share Posted September 15, 2020 46 minutes ago, Fresh Prince said: How it’s still higher than other actually EV company’s is shocking Are you talking about NIO?? Because if so, NKLA is actually half as big Share price means nothing, it's about market cap. Market cap for nio is 25.6B, nkla is 12.5B Think of it like the tsla split. The company was worth the same but now had 5x the amount of shares. Nkla has less shares so that means the price per share is higher, even if the company is valued less by half This is extremely extremely basic knowledge of how the markets work, I'm talking like pre 101 level stuff, so if you dont know that, you should not be doing any "trading" because the rest of it will be above your head 21 hours ago, Counselor said: Tell me where when and how to invest my money please so I can not be broke thank you My unprofessional advice is to set up a Fidelity/vanguard trading account and either hire a professional to pick your mutual funds, or pick some yourself. Don't bother with individual stocks if you don't know how markets work Is this money for retirement? My unprofessional advice is to put money into a Roth right now and let it grow. Focus on that first and then try and grow other (taxable) money later. Investing 5k in a retirement account now, is worth multiples of that being invested when you are in your 50s. That is the the absolute best thing your could do in my opinion. You will never ever ever regret funding a retirement account. If that is the route you go, look for a mutual fund with a target retirement date. So if you plan on retiring in 30 years, pick a mutual fund with a target date of 2050. For example fffhx or something of the like. They grow it faster now and as you get older and closer to retirement they get more conservative. This is probably the best way for anyone who doesn't know what they are doing 3 Quote Link to comment Share on other sites More sharing options...
Fresh Prince Posted September 15, 2020 Share Posted September 15, 2020 5 minutes ago, N4L said: Are you talking about NIO?? Because if so, NKLA is actually half as big Share price means nothing, it's about market cap. Market cap for nio is 25.6B, nkla is 12.5B Think of it like the tsla split. The company was worth the same but now had 5x the amount of shares. Nkla has less shares so that means the price per share is higher, even if the company is valued less by half This is extremely extremely basic knowledge of how the markets work, I'm talking like pre 101 level stuff, so if you dont know that, you should not be doing any "trading" because the rest of it will be above your head My unprofessional advice is to set up a Fidelity/vanguard trading account and either hire a professional to pick your mutual funds, or pick some yourself. Don't bother with individual stocks if you don't know how markets work Is this money for retirement? My unprofessional advice is to put money into a Roth right now and let it grow. Focus on that first and then try and grow other (taxable) money later. Investing 5k in a retirement account now, is worth multiples of that being invested when you are in your 50s. That is the the absolute best thing your could do in my opinion. You will never ever ever regret funding a retirement account. If that is the route you go, look for a mutual fund with a target retirement date. So if you plan on retiring in 30 years, pick a mutual fund with a target date of 2050. For example fffhx or something of the like. They grow it faster now and as you get older and closer to retirement they get more conservative. This is probably the best way for anyone who doesn't know what they are doing I know how it all works lol, I read up a lot on stocks and market caps, what it all means. Quote Link to comment Share on other sites More sharing options...
N4L Posted September 15, 2020 Share Posted September 15, 2020 1 minute ago, Fresh Prince said: I know how it all works lol, I read up a lot on stocks and market caps, what it all means. Well based on your previous comment, that would appear inaccurate Not here to call you out, just saying Nkla should not be worth 1 billion dollars, let alone 12 billion Quote Link to comment Share on other sites More sharing options...
Fresh Prince Posted September 15, 2020 Share Posted September 15, 2020 (edited) 5 minutes ago, N4L said: Well based on your previous comment, that would appear inaccurate Not here to call you out, just saying Nkla should not be worth 1 billion dollars, let alone 12 billion I agree with them just having concepts at the moment with no sales or anything. Surprised people haven’t sold their shares in it yet. Seems like a scam stock. A lot better options out there. Edited September 15, 2020 by Fresh Prince Quote Link to comment Share on other sites More sharing options...
MikeT14 Posted September 17, 2020 Share Posted September 17, 2020 Draft Kings and Peloton have been pandemic money makers for me. I HATE selling for short term gains tax, but I gotta take some of this and run. Quote Link to comment Share on other sites More sharing options...
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