Fresh Prince Posted January 9, 2021 Share Posted January 9, 2021 5 hours ago, Outpost31 said: Why? I don't understand this mentality and I just cannot understand it. Especially if you've had it for less than a year. ESPECIALLY considering I just found out how selling stocks work and I never wanted to pay taxes on my investments so I never sold anything. If I had 1,000 dollars invested in Plug and I sold my full investment for 2,000 after holding it for less than a year, I would owe 308 dollars. If I held it for a year, that drops down to 218 dollars. And that's assuming Plug won't go higher if you hold onto it. I feel like all alternative energy stocks are going to consistently rise over the next four years. You have to start thinking like a hippie now. I tell that to my friends when they sell for $200-$500 profit. Like just hold it lol Quote Link to comment Share on other sites More sharing options...
Danger Posted January 10, 2021 Share Posted January 10, 2021 Can someone give me a brief explanation of how a Mutual Fund works? I've done some reading, but want to know if there's something I ought to know about it that I wouldn't realize at face value. Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 10, 2021 Share Posted January 10, 2021 On 1/8/2021 at 4:38 PM, Ty21 said: Hope y’all had JAGX Who put that play out here big dawg. There’s a runout merger which if it doesn’t happen by Monday it could run up some more. im having my best month so far. F what the haters say. It’s a flex. No it isn’t. I’m just eating why y’all snails hope and pray a stock moves up ya boy has made 800 trades 700 option plays! 10 shots of testosterone! 600 cups of coffee! 6 broken lap tops and a failed marriage!l but we outchea... Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 10, 2021 Share Posted January 10, 2021 (edited) 2 hours ago, Danger said: Can someone give me a brief explanation of how a Mutual Fund works? I've done some reading, but want to know if there's something I ought to know about it that I wouldn't realize at face value. You just have to check the fee. Which mutual fund are you looking at gorgeous?Any of the Arks would be a great investment at only .75% and they’ll stupidly. Only negative is that their success is super tied up to tesla. So when tesla is at all time high like it is currently! All of ark shoots up. Edited January 10, 2021 by El Ramster Quote Link to comment Share on other sites More sharing options...
Danger Posted January 10, 2021 Share Posted January 10, 2021 2 minutes ago, El Ramster said: You just have to check the fee. Which mutual fund are you looking at gorgeous?Any of the Arks would be a great investment at only .75% and they’ll stupidly. Only negative is that their success is super tied up to tesla. So when tesla is at all time high like it is currently! All of ark shoots up. I'm a noob at this. Just one of many ways I'm looking at divesting from the dollar with my savings. Really paranoid with the future of the age old currency right now. Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 10, 2021 Share Posted January 10, 2021 4 minutes ago, Danger said: I'm a noob at this. Just one of many ways I'm looking at divesting from the dollar with my savings. Really paranoid with the future of the age old currency right now. Honestly bro. You ain’t wrong.. I’m a ark ho and it’s still relatively cheap compared to the vanguard one. I got the dip at 95$ but I’ve been averaging up. I really believe in what they do... They have like 4-5 funds. I have mine on it’s ETF.. Some love the fintech as it’s relatively cheap. But many love their arkW. They’re still fairly cheap to what they could be priced in the future. Their growth is nothing short of amazing. Take less than 1% but if you’re getting me back 35% and above while I scratch my butt! Then Go ahead daddy. Treat me right and take me out to dinner. 1 Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 10, 2021 Share Posted January 10, 2021 18 minutes ago, Danger said: I'm a noob at this. Just one of many ways I'm looking at divesting from the dollar with my savings. Really paranoid with the future of the age old currency right now. Best of lunch Brody whatever direction you need. I’ll take a bullet for you. @ramssuperbowl99 will walk you to your destination of choice much safer.. He sails bath water. While I sail Sharks, whales, ligers and dynamite infested waters. Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 10, 2021 Share Posted January 10, 2021 Going into Wall Street bets and seeing stuff like this. Just makes me wanna find my baby. dudes set for life lol. Quote Link to comment Share on other sites More sharing options...
PatriotsWin! Posted January 10, 2021 Share Posted January 10, 2021 (edited) 56 minutes ago, El Ramster said: Going into Wall Street bets and seeing stuff like this. Just makes me wanna find my baby. dudes set for life lol. For every one of those guys, there's tons of others that lost big. That subreddit is full of gambling addicts. Don't envy them lol. Edited January 10, 2021 by PatriotsWin! Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 10, 2021 Share Posted January 10, 2021 16 minutes ago, PatriotsWin! said: For every one of those guys, there's tons of others that lost big. That subreddit is full of gambling addicts. Don't envy them lol. 100% you’re right. But they’ll be that whale... They’ll be that whale. Maybe not even that big. But a zoom or a roku would be sick. Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 10, 2021 Share Posted January 10, 2021 On 1/8/2021 at 11:46 AM, Shockwave said: Was your initial intent to invest or trade it? Did that short call from Spruce Point change your opinion of the company? If you're an investor and you still believe in the company after the report. Well then your mentality should be I thought it was a good buy at $30 it's an even greater buy now at $24. And average down. If you meant to just trade it then you should have had a stop loss either mental or hard in place. I'm like 90% technical trader and to me the chart looks like it's got some previous consolidation/support around 18-20. That's where I'd look to buy in. But given it's only been trading since Aug/Sep it's hard to say if that support is true or would hold. - If you have more then 100 shares you could sell some $35 covered calls for June for some decent premium - You could buy a protective put which will give you cushion if the stock completely tanks - You could sell half the position and lower your risk But really it comes down to what your strategy was when you bought the position and if your opinion of the company has changed This is what I’m here for. Thank you big bro. 1 Quote Link to comment Share on other sites More sharing options...
twslhs20 Posted January 10, 2021 Share Posted January 10, 2021 11 hours ago, Danger said: Can someone give me a brief explanation of how a Mutual Fund works? I've done some reading, but want to know if there's something I ought to know about it that I wouldn't realize at face value. Quote Link to comment Share on other sites More sharing options...
Danger Posted January 10, 2021 Share Posted January 10, 2021 2 hours ago, twslhs20 said: John C Bogle Book Video Thanks for that. Paired with reading this, I feel much more informed on matters now. Yeah I think an Index Fund is where I want to go with the majority of my money. Will still play around with some actively managed Mutual Funds like Rammy though with smaller portions of my money. Quote Link to comment Share on other sites More sharing options...
Gmen Posted January 10, 2021 Share Posted January 10, 2021 11 hours ago, PatriotsWin! said: For every one of those guys, there's tons of others that lost big. That subreddit is full of gambling addicts. Don't envy them lol. Yea, they treat the stock market like a casino. Investing is a balance of risk and reward. On one end of the spectrum you have people that invest in bonds and index funds. On the other end you have people like we see in r/wallstreetbets. I’m somewhere in the middle between those two 1 Quote Link to comment Share on other sites More sharing options...
Ty21 Posted January 10, 2021 Share Posted January 10, 2021 I’m watching a couple options trading for dummies videos and don’t understand why you’d buy a put. They’re just insurance to protect you from losing money? And calls solely lock in a current or ideal cost for a stock to buy later on under the assumption it’ll be higher than that? Are calls only for people that don’t have the money at the moment but will in the future? I don’t understand the point or how all the money is in options Quote Link to comment Share on other sites More sharing options...
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