Investing / Stonks
Replies
-
Following*
I’m into anything low risk right now. For me, that means more mutual fund than anything else- which is kind of a mixed bag. I get nervous about the higher risk stuff especially since I’m sort of looking long term- retirement et al.
What about crypto? I never got on that train and I’m regretting it. However, I still don’t quite get the block chain concept...and NFTs. Like what’s happening there.
Tl/dr- I love following financial trends but I’m Uber risk averse2 -
MissAtomicBomb238 wrote: »Following*
I’m into anything low risk right now. For me, that means more mutual fund than anything else- which is kind of a mixed bag. I get nervous about the higher risk stuff especially since I’m sort of looking long term- retirement et al.
What about crypto? I never got on that train and I’m regretting it. However, I still don’t quite get the block chain concept...and NFTs. Like what’s happening there.
Tl/dr- I love following financial trends but I’m Uber risk averse
I missed the crypto train as well, although I’m long term bearish on the future of Bitcoin, etc... it has no intrinsic value, too volatile to be a currency, and it has a huge environmental impact.
In terms of low risk, I like a Vanguard ETF that tracks the S&P 500.
1 -
Stocks and Bonds are a sucker bet.
Instead, I've invested my entire life savings in WWF Action Figures.
The future looks bright.
16 -
Motorsheen wrote: »Stocks and Bonds are a sucker bet.
Instead, I've invested my entire life savings in WWF Action Figures.
The future looks bright.
Still better than Non Fungible Tokens1 -
I'll just say when it comes to stocks..... if y'all like chicken, please start dining at El Pollo Loco (currently trading at 17.5 ).
I just need to cut my losses and look into something less... I dunno, less 'chicken'.2 -
MissAtomicBomb238 wrote: »Following*
I’m into anything low risk right now. For me, that means more mutual fund than anything else- which is kind of a mixed bag. I get nervous about the higher risk stuff especially since I’m sort of looking long term- retirement et al.
What about crypto? I never got on that train and I’m regretting it. However, I still don’t quite get the block chain concept...and NFTs. Like what’s happening there.
Tl/dr- I love following financial trends but I’m Uber risk averse
I missed the crypto train as well, although I’m long term bearish on the future of Bitcoin, etc... it has no intrinsic value, too volatile to be a currency, and it has a huge environmental impact.
In terms of low risk, I like a Vanguard ETF that tracks the S&P 500.
I Was going to share my current stuff and realized...interwebs are scary. That said, I just listened to a Radiolab while running that covered the creation of Zcoin. I still don’t understand decentralization but I love the idea of disruption. It’s also such a weird game in terms of human trust and how/why we trust a paper dollar over other things. And NYT just did a deep dive into NFTs and that was an interesting maze. And do we start thinking about meme stocks!?!?0 -
MissAtomicBomb238 wrote: »MissAtomicBomb238 wrote: »Following*
I’m into anything low risk right now. For me, that means more mutual fund than anything else- which is kind of a mixed bag. I get nervous about the higher risk stuff especially since I’m sort of looking long term- retirement et al.
What about crypto? I never got on that train and I’m regretting it. However, I still don’t quite get the block chain concept...and NFTs. Like what’s happening there.
Tl/dr- I love following financial trends but I’m Uber risk averse
I missed the crypto train as well, although I’m long term bearish on the future of Bitcoin, etc... it has no intrinsic value, too volatile to be a currency, and it has a huge environmental impact.
In terms of low risk, I like a Vanguard ETF that tracks the S&P 500.
I Was going to share my current stuff and realized...interwebs are scary. That said, I just listened to a Radiolab while running that covered the creation of Zcoin. I still don’t understand decentralization but I love the idea of disruption. It’s also such a weird game in terms of human trust and how/why we trust a paper dollar over other things. And NYT just did a deep dive into NFTs and that was an interesting maze. And do we start thinking about meme stocks!?!?
Agreed on the disruption. Blockchain and digital payments are the future. The question is which if any of the current ones will be it. Governments and big companies are already creating their own versions of crypto.0 -
5 -
MissAtomicBomb238 wrote: »Following*
I’m into anything low risk right now. For me, that means more mutual fund than anything else- which is kind of a mixed bag. I get nervous about the higher risk stuff especially since I’m sort of looking long term- retirement et al.
What about crypto? I never got on that train and I’m regretting it. However, I still don’t quite get the block chain concept...and NFTs. Like what’s happening there.
Tl/dr- I love following financial trends but I’m Uber risk averse
I missed the crypto train as well, although I’m long term bearish on the future of Bitcoin, etc... it has no intrinsic value, too volatile to be a currency, and it has a huge environmental impact.
In terms of low risk, I like a Vanguard ETF that tracks the S&P 500.
Environmental impact? How so? More energy is wasted on Google searches than mining Bitcoin.
Fun fact- just one Google search uses the energy equivalent of powering a 60W lightbulb for 17 seconds...think of how many Google searches are done every second, minute, hour, day....globally...
0 -
MissAtomicBomb238 wrote: »Following*
I’m into anything low risk right now. For me, that means more mutual fund than anything else- which is kind of a mixed bag. I get nervous about the higher risk stuff especially since I’m sort of looking long term- retirement et al.
What about crypto? I never got on that train and I’m regretting it. However, I still don’t quite get the block chain concept...and NFTs. Like what’s happening there.
Tl/dr- I love following financial trends but I’m Uber risk averse
I missed the crypto train as well, although I’m long term bearish on the future of Bitcoin, etc... it has no intrinsic value, too volatile to be a currency, and it has a huge environmental impact.
In terms of low risk, I like a Vanguard ETF that tracks the S&P 500.
Environmental impact? How so? More energy is wasted on Google searches than mining Bitcoin.
Fun fact- just one Google search uses the energy equivalent of powering a 60W lightbulb for 17 seconds...think of how many Google searches are done every second, minute, hour, day....globally...
But Google is also carbon neutral. Can the same be said of cryptocurrencies?0 -
It takes 72000 gigawatts to mine one Bitcoin. Imagine if it became the global currency and the amount of energy it would require.2
-
-
MissAtomicBomb238 wrote: »
That was Dogecoin which was essentially created as joke but has turned into a speculative bubble.0 -
Motorsheen wrote: »Stocks and Bonds are a sucker bet.
Instead, I've invested my entire life savings in WWF Action Figures.
The future looks bright.
Why is Brutus the Barber Beefcake carrying hedge clippers?1 -
Motorsheen wrote: »Stocks and Bonds are a sucker bet.
Instead, I've invested my entire life savings in WWF Action Figures.
The future looks bright.
Why is Brutus the Barber Beefcake carrying hedge clippers?
Why wouldn't he ??0 -
Motorsheen wrote: »Stocks and Bonds are a sucker bet.
Instead, I've invested my entire life savings in WWF Action Figures.
The future looks bright.
Why is Brutus the Barber Beefcake carrying hedge clippers?
The fact the you knew which on is Brutus the barber is kind 🔥 not gone lie 🤷♂️ - we’re you really a fan of 80’s/early 90’s wwf??🤔
0 -
Apparently Elon Musk agrees about the environmental issue with bitcoin. Annnd it plunges..0
-
Motorsheen wrote: »Stocks and Bonds are a sucker bet.
Instead, I've invested my entire life savings in WWF Action Figures.
The future looks bright.
Why is Brutus the Barber Beefcake carrying hedge clippers?
The fact the you knew which on is Brutus the barber is kind 🔥 not gone lie 🤷♂️ - we’re you really a fan of 80’s/early 90’s wwf??🤔
Maaayyybbeee.
I was surprised that I could identify like 10 out of the bunch. That little bit of knowledge was buried real deep in the pop culture brain vault.2 -
Motorsheen wrote: »Stocks and Bonds are a sucker bet.
Instead, I've invested my entire life savings in WWF Action Figures.
The future looks bright.
Why is Brutus the Barber Beefcake carrying hedge clippers?
The fact the you knew which on is Brutus the barber is kind 🔥 not gone lie 🤷♂️ - we’re you really a fan of 80’s/early 90’s wwf??🤔
Maaayyybbeee.
I was surprised that I could identify like 10 out of the bunch. That little bit of knowledge was buried real deep in the pop culture brain vault.
Our age group had the best in pop culture references imo - wwf - mtv - Saturday morning cartoons - 90s grunge - the golden age of pop culture I say3 -
I only just started looking at stonks and I have no idea what I’m doing. My portfolio is not diverse, yet. Everyone is buzzing about crypto but I’m over here like, 🤨1
-
I don’t pretend to be an expert; I’m merely an Aspe.
“Be fearful when others are greedy”
“The stock market is a voting machine in the short term and a weighing machine in the long term.”
“The stock market is a mechanism to transfer wealth from the impatient to the patient.”
Do your own due diligence and don’t rely on fads or other analysts.
Don’t invest in stuff you don’t understand.
Learn how to read a financial statement and understand key metrics like: P/E, P/S, PEG, ROE, etc...
Look at the balance sheet and understand debt loads, cash flow, etc...
Different industries use different valuation metrics. Make sure you understand them. For instance, a software company may be fairly valued at a Price/Sales of 15, but a retail company may have a fair value with price/sales of 2. Profit margins and growth rate matters.
Signed,
- a know-nothing dummy
3 -
VTSAX, it's hard to beat the index0
-
BTC, ETH, ADA, VET, HOT, TRON, SOL, SHIB, XVG, QTUM
Recently pulled out in XRP at a close to break even point and re-invested that in BTC
Pulled out half my ETH, since i was at +100% so now all is profit what's in it, did the same with SHIB
0 -
Hey guys, thanks for an insightful thread! I am a young entrepreneur, and I finally feel that I have some extra cash that I could invest effectively and wisely. I've been buying some altcoins from my early university years, and now I'm thinking about going big. What are your opinions? Unfortunately, it is always a considerable risk considering crypto's peculiar character. Fortunately, we at least have websites such as https://youngandthrifty.ca/, which offer professional assistance on personal finances, including investing. Good luck! Let's hope for a crypto boom this year.-1
-
Reviving a zombie, but I must inquire...As someone who's got pennies in the stock market, isn't now the time to invest since stocks are low, low, low? Just reiterating what I've heard. Pipe in, please.1
-
Reviving a zombie, but I must inquire...As someone who's got pennies in the stock market, isn't now the time to invest since stocks are low, low, low? Just reiterating what I've heard. Pipe in, please.
Define "low." I've been steadily bleeding money and patiently transferring riches from my own pockets to the pockets of others.
I've kept my eye on the market and have poured money in when things seem to hit a "low," but then the market dips to an even lower "low" and stays put. I'm then faced with some terrible options:
1) pour in a ton more money so that if the overall price jumps by at least a small margin, the overall will average & I can at least hope to pull out at about break-even
2) hope that by some miracle the price goes up to the really high one I poured in at
3) cut my losses before I bleed anymore money
What with everything going on in the the world, nothing is quite certain. Not that it ever was certain, I guess. But I'm expecting a lot more volatility than ever.1 -
Unsafe_Space wrote: »Reviving a zombie, but I must inquire...As someone who's got pennies in the stock market, isn't now the time to invest since stocks are low, low, low? Just reiterating what I've heard. Pipe in, please.
Define "low." I've been steadily bleeding money and patiently transferring riches from my own pockets to the pockets of others.
I've kept my eye on the market and have poured money in when things seem to hit a "low," but then the market dips to an even lower "low" and stays put. I'm then faced with some terrible options:
1) pour in a ton more money so that if the overall price jumps by at least a small margin, the overall will average & I can at least hope to pull out at about break-even
2) hope that by some miracle the price goes up to the really high one I poured in at
3) cut my losses before I bleed anymore money
What with everything going on in the the world, nothing is quite certain. Not that it ever was certain, I guess. But I'm expecting a lot more volatility than ever.
This is me, as I could've written it. The things you look for, wait for, anticipate, analyse, expect, don't expect, are all things I'm thinking about.
I say all of this as someone who knows very, very little. I think I'll take with me your last paragraph and stay on the more conservative side of investing. Someone gave me a little advice the other day and she, like all of us, is guessing I think, but said "a little of this and a little of that" in reference to investing but was referring to all investments as a whole. I don't know...0
Categories
- All Categories
- 1.4M Health, Wellness and Goals
- 393.1K Introduce Yourself
- 43.7K Getting Started
- 260.1K Health and Weight Loss
- 175.9K Food and Nutrition
- 47.4K Recipes
- 232.5K Fitness and Exercise
- 419 Sleep, Mindfulness and Overall Wellness
- 6.5K Goal: Maintaining Weight
- 8.5K Goal: Gaining Weight and Body Building
- 152.9K Motivation and Support
- 8K Challenges
- 1.3K Debate Club
- 96.3K Chit-Chat
- 2.5K Fun and Games
- 3.7K MyFitnessPal Information
- 23 News and Announcements
- 1.1K Feature Suggestions and Ideas
- 2.5K MyFitnessPal Tech Support Questions