Stock Market

[DraxTheDad]

Anyone else playing the stock market?   With things getting so depressed, might be a good time to pick up some stocks.   

Anyone have any tips and suggestions?

Here is some of what I'm looking at.

Costco - Down over 10%, has been a strong performer so might be a nice buy and hold for long term.

Tesla - Yeah, they have been badly beaten up, down a LOT.   But Doge is a 2 year term for Elon, after that he'll probably fall out of the lime light and the company may rebound.

Rumble - Internet streaming service, pretty new, but starting to take off a little bit at a time, can get in cheap now and hold for long term success.  A lot of people moving too it because Youtube has been beating content developers.

Apple - They've taken a beating in the last few months, but they have announced their new iOS will be a complete redesign, the biggest in many years.  So maybe that will spring them back when it comes out in September/October.

Anyone else have any thoughts.

 

NOTE : I'm not a professional, I don't advocate for anyone to buy anything, these are just my personal thoughts and opinions.   Investing takes risk, invest wisely and please, do not take my advice, I've lost more than I've made.

[DRD]

52 minutes ago, DraxTheDad said:

Anyone else playing the stock market?   With things getting so depressed, might be a good time to pick up some stocks.  

Trying to pick the bottom of the stock market is like catching a falling knife.

Anyone have any tips and suggestions?

If you choose to gamble in the rigged casino known as the stock market, be willing to lose everything you bet.

My suggestion would be to put your disposable income into tangible assets: gold and silver, firearms and ammunition, land and livestock. and keep and hold.

 

 

 

[1gewehr]

Energy stocks are a good buy.  The market has not yet picked up on what deregulation will do for coal, oil, and nuclear stocks.  Add in that coal ash now shows signs of having rare earth elements, and it looks good to me.

[45guy]

I like the S&P 500 a lot. 

[Sleep profit]

Investing heavily in Eggs and Diesel  diversified with Tomato plants 

[btq96r]

Stock market is fine.  The valuations were getting out of whack, and we're seeing some reality come in.  Still way more to shake out as AI costs and impacts ripple over the next decade or so.  The S&P is trading above the normal PE ratio still, so be ready for more drops if the economy stalls.

All that said, I'm not selling a thing.  The long term trend of the market is up and to the right if you're actually diversified well enough.  I wouldn't try to gauge individual stocks beyond a mental exercise.  I'm just gonna stick with my total market index fund.

Don't just do something, sit there.

[DRD]

 

[gregintenn]

Since I’m a dumbass. I have chosen dollar cost averaging as my chief strategy. I buy a predetermined amount of several different mutual funds each month, regardless of what current market conditions show. It has treaded me well for decades now. Your mileage may vary.

[TripleGGG]

I've done very well in the market so far this year. If you want to invest in the stock market, here are some free tips, so they are worth exactly what you've paid for them.

1. Educate, Educate, Educate yourself. Even if you're going to use an advisor. Good education isn't cheap but it will more than pay for itself.

2. Educate yourself some more. Study charts daily. It is the long game, not a get rich quick scheme.

3. Turn off the news. NEVER trade the news. News controls retail traders, not investors. Learn who actually controls the markets. You will be very surprised.

4. Stay off social media for advice, it's worse than the news. Don't listen to neighbor Bill either. If you do get a tip, do your own research. Remember that educate yourself thing?

5. Educate yourself some more. Know how to get your own information from real, reliable sources about companies, and know what that information means.

6. Do not attempt to day trade. Bots can trade 1000s of times a second. You can't. 

7. Practice simulated trading until you can be positive on your trades 75 to 80% of the time. There are many free simulators out there. If you can be positive on 75 to 80% you will be crushing it and ready to hit the real market.

8. Did I mention educating yourself. It should never stop. 

9. Have a plan and stick to it regardless of whats happening around you. ALWAYS have an exit strategy and get out per your plan.

10. DON'T GET GREEDY. The old saying is never truer than in the market. Pigs get fat, hogs get slaughtered. 

If done properly, the stock market is not really that big of a risk. If not done properly it will eat you alive. 

 

Edited 4 hours ago by TripleGGG

[GlockSpock]

SPY

[GlockSpock]

43 minutes ago, gregintenn said:

Since I’m a dumbass. I have chosen dollar cost averaging as my chief strategy. I buy a predetermined amount of several different mutual funds each month, regardless of what current market conditions show. It has treaded me well for decades now. Your mileage may vary.

This likely makes you one of the smartest people in the thread.

[gregintenn]

16 minutes ago, GlockSpock said:

This likely makes you one of the smartest people in the thread.

Thanks, but I doubt it.

TripeGGG gave millions of dollars worth of advice above if anyone is wise enough to read it.

[gregintenn]

One more tidbit. Don’t let emotion be your guide. The stock market is a math game.

[BigK]

I'm extremely risk-averse, so single stocks, day trading, and stock trends scare the heck out of me. I'm with you guys touting index funds. It's the only time I value diversity for diversity's sake alone.

[TripleGGG]

9 minutes ago, BigK said:

I'm extremely risk-averse, so single stocks, day trading, and stock trends scare the heck out of me. I'm with you guys touting index funds. It's the only time I value diversity for diversity's sake alone.

A great point.

One needs to know their risk tolerance and stay within their comfort zone. There is no one size fits all. I know many many financially healthy people who only invested in index and target funds.  Discipline and time are your friends in the market regardless of your trading style.  

I am extremely risk tolerant but very disciplined in the amount I have at risk for position trading. Never have everything in one basket. 

[gregintenn]

1 hour ago, BigK said:

I'm extremely risk-averse, so single stocks, day trading, and stock trends scare the heck out of me. I'm with you guys touting index funds. It's the only time I value diversity for diversity's sake alone.

I tried for years to beat index funds, but after fees and taxes are considered, I can’t.