/biz/ - Business & Finance

WKHS REPORT IN

post positions for next week

CIRCUIT BREAKER POLL
>https://www.strawpoll.me/20813365
https://www.strawpoll.me/20813365
>https://www.strawpoll.me/20813365
https://www.strawpoll.me/20813365

>>21768598
You shouldn't tax them into oblivion because crazy shit can be done when somebody wealthy decides they want a prestige project, and the results can be massively beneficial, like private space programs

But like dude Musk bro you can spare a couple billion

What net worth should I have at 24 to be considered in an “excellent” spot? Currently at 50k in my trading account, 20k in Roth 401k. 10k in other assets/cash equivalents. No debt. Not sure if I’m on track or not for my age

>>21768568
Buy cop or xle for 10% gains next week

>>21768600
Selling calls at the hueg monday top for fat premiums here.

>>21768694
You can dream all you want but real life will never comply to your delusions.

>>21768600
thread theme song
https://youtu.be/HzCvljJIJQw

>>21768568
I got $500 apple calls expiring next friday. debating on what to do. should I sell at the opening pump monday or should I be risky and hold them for another day or so and see how high they go? what are you guys doing?

>>21768719
What part of that triggered you, so I can show you why you're wrong? I could see both commies and ancaps getting pissy about that post.

>>21768719
yes the gov should handle everything and we should give up on the growth that led to tax base to begin with

>>21768568
dividends are for losers and don't outperform even a pension boomer fund like SPY

>>21768694
>massively benefitial
>private space program

>>21768710
You are in a good position as long as 10k is at least 3 months of living expenses. Aim for 6 months.

>>21768770
Dividends allow for a passive income without selling any actual shares. Of course having only dividend stocks is retarded and robs your portfolio of growth, but having a steady stream of income is always nice.

Is it too late to buy MSFT?

>>21768811
>but having a steady stream of income is always nice.
god you're a fucking retard and proof why only retards chase dividends

>>21768769
>give up on growth
That's the retarded ecowarriors talking. They're right that we're using more than one planet's sustainable resources, but they're wrong about the solution. More planets.

>>21768788
When the US has devolved into South Africa and they're complaining about "white flight to Mars" you'll see the light.

>>21768815
it's never too late to buy MSFT, I don't understand what you even mean

>>21768825
What’s wrong with a steady stream of income? Why not buy a stock that will pay for itself after ten years?

>>21768770
Its well known NOBL reks SPY by a mile, but yeah QQQ rapes them all because we are in an insane bull run.

>>21768847

>Make the 1% pay for it. They've made SOOO much fucking money from the stock market in March.
This is retarded. Take the entire wealth from the 1%, redistribute it equally any everyone would only get 40k which would then crash the stock market because the majority of the money would get spent on stupid shit instead of going back into the market and private businesses.

The rich cannot pay for UBI, it's literally impossible because they don't have enough money and the economic effects of stealing from them would cause a net loss for everyone. Even if you do it over a number of years it doesn't work. The only thing that can pay for UBI is increasing tax revenue and decreasing government expenditure.
>>21768710
Use this and then forget about the dick measuring contest, it's a waste of your energy.

>>21768841
Price is at an all time high.

>>21768881
That doesn’t lend well to your credibility

>>21768847
because I could buy a meme tech stock that doubles itself in a year

Stack on lumber lads

>>21768904
That’s a good thing with a strong stock like Microsoft. Would you prefer that it was down 20% over the course of a few years?

>>21768906
dude i don't give a shit honestly but enjoy under performing trash like SPY with your collection of divvies

>>21768901
Cut military budget in half, raise taxes on the ultra wealthy, and raise the corporate tax rate from 21% to 28%. Get rid of 100% bonus depreciation.

>>21768694
Muck is just allocating capital. The engineers would be there one way or the other.

Not that Italy is doing so hot, but they have a really interesting proposition when you go on unemployment. If you get 3 people together you can start a business and they'll fund it to some extent. Lot of worker owned cooperatives as a product. The legacy of those isn't particularly pretty, but there's a singular outlier called Mondragon Corp (Spain). There was a 80's era documentary on them.

In any case there are other means by which to effectively allocate capital, and I don't think hyperconcentrating wealth and power to an infinitesimally small portion of the population is a particularly sustainable or efficient one.

>>21768901
Your chart only goes up to the 95th percentile. Was this intentional? Because the top 5% own more than the 95% below, by a significant margin.

>>21768914
If you can predict which meme stock will double.

>>21768901
>Take the entire wealth from the 1%, redistribute it equally any everyone would only get 40k
that's massive though. Median individual net worth is less than 100k in america. Gut the 1% and double everyone elses' net worth? Yes please.

>>21768961
Blessed 2A ID

Hell do both growth and divvy. Then you'd get everything. Nothing wrong with having a shit pot of money when you turn 65, nothing wrong with having a shit pot of money at 65 and not having to sell nothing to get it either. Merely flip off the switch and then just like a paycheck money dumped into your account year after year

>>21768967
You don't need to guess even half of them correctly to come out ahead, because a non-meme techstock like Microsoft will still beat a REIT

>>21769001
you're retarded literally fuck off

anyone who knew anything about economics would not post like you

>>21769001
The stupid’s money will just end up redistributed back to the smart. Give $40,000 to 40,000 niggers and watch Nike stock explode

MFW nobody is talking about SHLL even though it's about to go to $60+ in the next few weeks

>>21768748
If you seriously don't think the uber rich will simply just leave and keep their money in foreign banks you cannot touch, you're a retard.

>>21769011
Based

>>21769039
That's why you don't do it all at once, you do it $1000 per month. If Tyrone is smart enough to live on beans and invest his gibs he deserves to make it. If not, GM and Nike thank him, and shareholders do too.

And you don't do it based on wealth. Do it based on transaction type. Put a tax on interbank repo loans.

>>21769020
god what is not through into your skull. dividends literally underperform spy. so you just go spy and growth instead of trying to make a shit heap of random dividend stocks. you DONKEY

>>21769061
tell me more

>>21769103
> GUNS 4orm 1 SBR

>>21769089
You're making the mistake of betting against America, friendo. Where is Musk going to go to run his space program? Hyperregulated Europe? Corruption central Russia? Sell his soul to the CCP? He himself said SpaceX would only be possible in America.

That said, he's a South African white, so he absolutely will flee confiscatory hyper taxation. So don't do that.

>>21769089
They still have US source income. Doesn’t matter where they keep their money. They’ll have FBAR filing requirements.

>>21769039
This

The "richest" people allocating the most amount of money are politicians. Not billionaires. Some 5 star general allocates more resources than Bezos does. The retarded people in the senate design the laws overseeing far more resources than Amazon.

The private billionaires are far more beneficial than commies think.

You know who is robbing poor people? Colleges and universities, not bezos.

AMAZON vs student debt. Fucking moronic lefties. CA already gets an extra 10%+ from the rich and look at it's inequality. Blame the fuckers in control of the actual resources and not some little billionaire.

The state of california has way more money and tax income to spend than bezos has ever spent on his fucking luxury homes and goods.

>>21768694
https://vimeo.com/180391126

>>21769105
What don’t you understand about being able to build a divvy portfolio that pays you monthly or quarterly and still retaining all of your shares. You have to sell stock from ETFs in order to spend that profit

>>21769181
literally what the fuck does this even mean
money is money
SPY makes your more money than your divvie collection
???

Who else /Apple LEAP calls/ here?

>>21768741
anybody?

>>21769203
You have to sell SPY to make a single penny off of it.

>>21769280
spy has a dividend

>>21769280
So?

Is your goal to turn your money into more money, or is your goal to buy a sandwich each month?

>>21768961
The chart was clearly in reference to the person who wanted to compare their net worth, not to the part about stealing from the 1% because they're rich. Comparing ownership of wealth doesn't get us anywhere because while the inequality sounds terrible, the total amount of money they have is not enough to do anything with beyond maybe paying for a few years of healthcare. There simply isn't enough money or GDP for everyone to be wealthy.

Stealing resources earned legally from each other makes everyone worse off and decreases economic output because there's no longer any point to working hard. Someone like Elon Musk deserves every single penny he has but not just for using his capital to revolutionize numerous industries.
>>21768951
What does that get you? If it's 12k a year in UBI, you'll still have a powder keg until GDP increases enough through automation that everyone is rich. The average person is simply too stupid to live off that amount and they're going to riot for much more money. I support UBI but there's problems all the way around.
>>21769001
Even if it was possible economically for that to work, 100k plus 40k is not doubling your net worth. The vast majority of the money will be gone within years, not decades, and it will be wasted just like most people already waste their money on shit they don't need. Look what happens to most lottery winners.

>>21769298
Not one of note unless your holding hundreds of thousands of $s.

>>21769280
so fucking sell if you want the cash? god i'm about to have an aneurysm trying to figure out what you're thinking here

>>21769109
Tortoise Acquisition (SHLL) is going to be merging with Hyliion Inc. (tentatively scheduled for next month) and will start trading under HYLN. You can look up the company to read about their products. They are using the money from the merger to fund their next big product, the Hypertruck ERX which is supposed to launch in 2021/2022 timeframe. They have a solid business model and some really great minds on board, including Andy Card Jr., who was the former US Secretary of Transportation and is on the board of directors for Hyliion. I basically just gave you the long term case for buying this stock, but even in the short term it should get a huge boost once the merger goes through a la NKLA (maybe not as extreme, but still).

>>21769280
This really only matters if you're retried and need the cash, if you are looking for growth you probably have your dividends set to drip anyway.

regarding the TSLA and AAPL splits coming up,
what does it mean by "shareholders of record" (on 21st and 24th, respectively)?

>>21769363
Ok then you sold your holdings. With divvy stocks there’s no need to sell. Keep the divvies in the family

>what is compound interest?

>>21769402
It doesn't matter. The date of record for a stock split is not something that makes a difference to you, the shareholder. It's only for broker side to arrange the split.

>>21769352
Yeah that's all great on paper and is perfectly sound economics. But history and humanity are messy, and revolutions happen when some people are in food lines and others launching private space colony efforts. We also don't want to take so much money that people like Musk can't do things like colonize Mars, because that might be the ace card to save humanity from a fate worse than extinction (unless you're that anprim guy from earlier, he'd be fine with it)

>>21769408
ok i'm out to shoot myself thx

>>21769359
Isn't this the catch? No matter what, you'll still have to put in quite a bit of money if you wanna life off divvies.

>>21769442
we'll never know

>>21769442
objectively inferior to SPY, as can be seen in the dividend adjusted returns for both SPY and some random REIT

>>21769402
theoretically these, well at least Apple, should keep on pumping until the split date? Can't see why the fuck anyone would sell Apple next week

>>21769408
stocks aren't fucking heirlooms retard, they're characters in my smartphone game where I can withdraw the premium currency for real money

>>21769408
You don't have to sell all your holdings to take a profit you know

>>21768951
What happens when the ultra wealthy fug off to St. Kitts and Niggis or Vanuatu or other tax haven islands?

>>21769408
I think you're missing the forest for the trees here, if a growth stock goes up 2x you can sell half but the size of your position remains the same as when you started, even if it's less shares. With stock splits this can be done indefinitely without having to sell the entire position.

>>21768951
>wealth all disappears from the country

kek

>>21768568
Maybe I should invest in solar like Dicaprio. DQ looks good.

>>21769568
That’s why I advocate for both growth and divvy stocks in a portfolio. If I want to take profit I can invest into more divvies. Or I can turn DRIP of for a month and invest that into growth. It’s a symbiotic reationship

SOMEONE FILL ME IN WHAT IS HAPPENING WITH THE HORSE?

anyone in here ever make an automated day trading strategy? im wondering if you guys know of a good combination of indicators and their settings that i could code a python bot to run with.

>>21769708
I hold FSLR. They have a good balance sheet and a neat monocrystal panel patent.

>>21769742
see
>>21768724

>>21769798
That's a good stock

Apple dump next week?

>>21769752
Even if someone was able to make a successful, automated trade bot, why the fuck would they even think about telling everyone what is in their secret sauce? Come on now.

How can I learn all the ins and outs of investing in stocks with only a 100$?
I just want to learn how to do this first.

>>21768655
All in on mother fucking SJM. Literally just purchased a box of these today without knowing their earnings were next week. It's a fucking sign.

Can coronavirus in India stop Apple?

>>21769798
Where do you see them going long term?

>>21770125
Use a practice account. Most brokers have one and investopedia hs one too

I JUST WANT GAINS FOR FREE HOOKERS GODDAMNIT

Are there any other bobos left? Or have we all killer ourselves?

>>21770103
You wish

>>21770380
They're a bit overbought right now and will crash if Biden loses, but Biden has passed the test of being able to coherently read a speech off a teleprompter, which is all Americans actually want (see: Obama). But overall I'm bullish on alternative energy (including nuclear in theory but its held back massively by bureaucracy) because we're reaching the "ahaha oh fuck" point.

Thoughts on NEE for energy?

>>21770455
I could see pullback maybe $10-12 a share on Monday.

Anyone have strong feelings about
>BAC
>CF
>DCI
>ADM (Chicken!!)

>SNE (SNOYBOIS)
>ROKU
>WSM
>WMT
>UMC (CCP/Taiwan Semiconductor Company)
>KLAC (Semiconductor supplies)
???????


>>21770144
Genuinely considering SMJ
The meme TA thing I get through Schwab is labelling it a Strong Buy with decent upside...

>>21769239
I mean, nobody has a crystal ball. I can give you advice based on my analysis but I can be flawed and wrong. Your investment advice should come from yourself and only you. Relying on others, when none of us really know what the future holds, puts your date out of your own hands. If you till want to read my advice, then here it goes:


I believe Apple will get FOMO in the same way Tesla did. Apple still hasn't reached its split date yet, so people will want to dive in. Many people interested in Apple probably were the same crowd interested in Tesla. With Tesla having it's stock split first, the opportunity costs were more in its favor. People put money they would have spent on Apple into Tesla and now that Tesla has it's stock split solidified, they will have a stronger focus on accumulating Apple before its split. So it'll probably keep going up. But this also depends on whether or not Tesla crashes on Monday because that's make invested confidence in Apple go down significantly.

I just bought Apple, tesla and shopify will It keep going up?

>>21768655
>I'm putting a team together

>>21768655
All in on Splunk and BiliBili

So I kind of want to get into the stock thing, but I'm absolutely fucking retarded. What's a suggestion from that broker list posted that I could start, and what the fuck do I do?

>>21770632
ADM is a great long term hold. Besides a great divvy, dolid fundamentals, and everyone needing to eat, the planet's carrying capacity based on arable land is only 9 billion. No, we won't be feeding them with hydroponic skyscrapers.

Shits gunna get WEIRD around 2040.

>>21770729
>I'm absolutely fucking retarded
Start with Robinhood. Put $1000 in. Put it all into fractional Tesla shares.

>>21770632
>SNE
The only thing you need to know about SNE is that you need as much of it as possible. Liquidate everything on Monday and put it all into SNE. Deposit all of your savings and buy SNE. Take a fucking loan or mortgage your house to buy SNE. This is your retirement fund, your road to wealth by age 30, simply buy as much SNE as possible and never look back.

>>21770729
Read "A Random Walk Down Wall Street" and just DCA SPY forever. It's the brainlet way to ez money with low risk and 0 thought.

>>21770676
>Apple
Definitely. Has done nothing but go up in the past decade.
>Tesla
Who knows. Good company with stocks memed into unknown territory. Has there ever in history been a bullrun so strong on a company that literally had no news or pipeline plans to warrant it? I think this is legitimately an economics textbook chapter in itself.

>Shopify
Probably, yeah. More people are going to be starting businesses online. Shopify gives them the tools to easily sell their products.

>>21770676
>buying 3 meme stocks AFTER the vertical pump
Why do you retards wait until the top to buy?

>Has there ever in history been a bullrun so strong on a company that literally had no news or pipeline plans to warrant it?
South Sea Company?

>>21770676
>buying ATH

>>21770648
Apple and tesla are both splitting on 8/31

>>21770676
Apple will for sure post split. 125 a share for apple, be like candy for investors, to good a deal to pass up. Then the upcoming iphone sales and virus fear still lingering are both in the stocks favor. Where did the money go when the virus first appeared? Tech stocks. Where will the money go once the fear comes back this fall/winter; tech stocks. Who stands to make fat quick gains, apple holders for one.

>>21770824
>stock at 100
>haha guys don't buy it's ATH, buy the dip
>stock at 110
>stock at 120
>stock at 130
>stock at 110
>HAHA FAGGOTS I BOUGHT THE DIP

>>21770802
FOMO. Will almost certainly end up alright in the end so long as they don't panic sell from the dump. Well maybe not Tesla., but who the fuck knows. By this point I feel like Tesla got enough revenue from it's investors that Elon could and should be looking into expediting real consumer priced EVs for the masses just so it keeps investors interested enough that they don't rugpull.

>>21770313
No. Buy AAPL. Next question.

>>21770887
Elon should rugpull Tesla and sell his entire stake now to fund Mars colonization

>>21769708
does he always have a haram of girls around him? what are you gonna do with 5 girls? i can handle 2, but 5? how are you gonna fuck 5 girls with one cock?

>>21770829
Sorry I worded that incorrectly. They're splitting on the same day but you need to own Apple by the 24th in order to participate it. Tesla's record date is already done. So people rushed into Tesla to get the split, now it's Apple's turn. Apple is cheaper than Tesla so I feel more people will FOMO on it and rally onto it after the record/split date.

>>21770961
Fuck one and the rest guzzle soda and shower you with belches

Apple will not go past 515 next week.

Jesus Christ there really aren't any bears anymore

>>21771013
Source?

>>21771013
what if it does though?

>>21770728
>BiliBili
oh shit didn't see that
>>21770757
thanks yeah... we'll see
>>21770775
yeah... nah
that's some pretty intense shilling though!
I'll be buying more on monday if Japan doesn't pump it.

>>21770961
you ever have like 5 bags of different kinds of chips? one day you have some spicy nacho doritoes with your lunch? next day you say, hmmm i think i'll have some buffalo bleu kettle cooked chips with my lunch? next day, hey how about some salt and vinegar?

do you have all of those at the same time with your lunch? no. but the variety is nice.

>>21771054
that's bearish
t. doombull

>>21771054
shorting TSLA and AAPL will do that.

>>21771054
Are you kidding? These threads are always full of people saying "Just wait... I'm warning you... the market is going to fall soon! You'll see!!"

>>21771189
We really are the last of our kind. My main point is that the Fed and other central banks no longer have any ability to control the debt bubble. If it pops, then deflation hits every asset class like we were seeing in early March before coordinated central bank intervention

>>21771007
Is there a market for getting girls to burp on you/in your face?

>>21768568
ITS FUCKING HABBEING

>>21771084
That looks like a dude with a girl’s head shopped on the shoulders...

>>21771253
Are you really so convinced the market will never enter a retraction again? Nobody should be putting a date on it though, I agree

>>21771313
China knows Trump is gonna win. They aren’t happy

>>21771313
>what they would write if war started
>IF

fake news

>>21771296
Yes. Clips4sale and only fans.

>>21771054
Every single news outlet is doing the chicken little dance. Once yahoo, wsj, and bloomberg start screaming "GOLDEN BULL RUN IS HERE BOYS" is when I'm going to start getting nervous

>>21770144
ive had them for a couple years, its a sideways type feel

>>21771366
As if that isn't a huge fucking red flag. Why else would you write letter to your family? The chinks are preparing for war. Something is gonna happen whether it be conventional old school warfare or the information age warfare( which we are already seeing) is yet to be determined

>>21771385
>Here’s $60
>Fart and burp into the camera and call me fat and worthless

I can’t imagine that’s good for their self esteem. Who wants to grow up being a cam girl?

>>21770961
He probably bangs 1 or 2 of a them a day.

>>21771253
Yep, it's all tiresome.
Market timing, how to lose money & miss out.

If they say its gonna crash every single day for the next 7 years, yes one day they will be right.

Do you guys rate bond etf's? Seems like bond rates are really low across the board but I'm thinking I'll be better off investing in a bond etf, and participating in the distribution reinvestment plan to hold for the long term, than I would be if I try to individually pick bonds.

>>21768951
military budget is what keeps the country afloat, without US military petrodollar is no longer viable, without petrodollar the US dollar is devaluated and suddenly the worthless labor of shaniqua and karen, tyrone and john, it won't be valued enough to actually buy foreign goods we need, which spoiler we do need since we dont manufacture anything anymore

>>21771559
It’s a lot more than $60. These girls are capable of running their own racket with cashapp

Can someone help a complete dipshit like me ith index funds? I'm going to be putting in 1k in September into the market to get started and already have 1 share of QQQ, 2 shares of NOBL, 2 KOK, and 2 shares of VTI.

I'm not trying to make a quick buck, I just want to periodically buy a certain index funds quarterly, use the dividends to reinvest into the stock, and sit on it for 20 years. Any other suggestions?

>>21771576
Why would you want bonds now? They're worthless in most conceivable turns of events, stocks protect against inflation but bonds do not and yields are trash right now. Literally the only thing that would make a bond fund go up is negative nominal rates.

>>21768811
*income*

Think you need to read about dividends, they are NOT income. They come from somewhere, usally out of the growth of the share value.

>>21771756
VOOG

>>21771746
I imagine they charge you a lot for weird shit. So that makes sense

>>21771540
>Something is gonna happen whether it be conventional old school warfare
mhm

>>21771332
Something unexpected has to happen to move the market. I don't know what it is; if I did, it would not be unexpected.

>>21771785
Well no shit. They’re geared for paying out to stockholders. Thousands of people going to work to make you money

>>21770775
So fucjing true friday was the time to buy sony calls. I know i did

>>21771776
Less volatility is the aim, but if it isn't gonna make money, then the cash may as well stay in the bank.

>>21768901
I'm in the 95% plus, that's nice for 22

>>21771818
It can be as simple as charging a $10 monthly subscription fee and posting daily belches to your story. And yes there is a market for males. Get your brand out there on yourube and tik tok and have your snapchat name visible in the video incase someone reposts you

>>21770775
Good enough DD for me.

tesla or apple?
and do i have to?

>>21770872
Delet this.

>>21770936
A small price to pay for salvation.
-Telsa investors

>>21771313
This COULD be propaganda to justify and garner support for Taiwan’s weapons purchases from the US.

Recently they made a deal and China threatened to sanction LMT for it.

>>21771559
>grow up being a cam girl?
The heck?
They’re over 18 and often much older

>>21771326
Don’t talk shit on my gym buddy

>>21771296
Gross

How to make money from gross fetishes, WITHOUT leaving a paper trail because you have to give credit/social security/banking info/address to C4S, onlyfans, patreon, etc.
I wouldn’t want my kids or relatives to be blackmailed or smeared.

How to invest if you live in a euroshit country that has 500euros as minimum monthly wage?

>>21771849
Fair enough. I'd personally prefer to just stay in cash for the cash equivalents / deflation protection section of my portfolio to be able to buy in case of a dip. Also, bond yields are so low that a bond rally in the case of another crash will be limited by how much the fed can cut the rates (not much).

>>21768901
>that feel when 30%
Fuck

>>21769455
Revolutions happen because the state fails in Modern times.

State doing little = less things it can fail.
I've worked every single day since turning 15 on my own business, I'm 22 now fit into the 95% percentile, only at just over 200k USD, why the fuck should I give people any more money?

Its my money, I earned it. Fuck off get your own. If I was taxed massively, I'd not have bothered would of just got a easy peasy job for the same rough pay.

These types of policies for greater redistribution are made by people who don't understand the work that goes into successful stories.

Are there any good infrastructure ETFs?

My rationale for AAPL and TSLA fizzling this week while other tech megacaps have room to grow is basically I zoom out to the 1-5 year graph and draw a smooth exponential growth curve in my head and observe that the recent growth trends were just filling the gap caused by the downturn.

>>21772216
Someone with real tools and data instead of crayons could probably fit the actual trendline.

>>21768951
>weaken the military
You’re retarded. Anyone who says this doesn’t understand the importance of our military on our economy. Stronger military = stronger dollar

>>21772235
Here's NVDA.

>>21772106
Let them eat cake? Sounds like a plan.

>>21772019
It really could be propganda but this is /biz/ I'm looking at this as an investor. Regardless if it is propganda or not it's still bullish for defense stocks right?

>>21772284
I just want to eat freedom, you seem to need money nowadays to avoid modern slavery.

I am eating freedom now, so early, I do consider myself lucky in that reguard. Thank you America, from UK. bye bye Hitler

how many hunnids am i losing tmr

>>21771796


the absolute fuck did you just call me?

>>21772019
>The heck?
>They’re over 18 and often much older

Oh I know. I’m saying that they didn’t have dreams of being a cam girl growing up as a child. Just like guys don’t dream about working at MgDgnalds or being a junkie.

>How did I get here?
>I had dreams growing up.

That kind of thing

>>21768951
>how to ruin a country with 3 simple steps
Cutting the defense budget by that much is fucking terrible. America is the number #1 economy and most influential country you really think other countries arent trying to fuck with us? Also with rising tensions with the chinks and other countries also are having beef with the chinks rn. You really believe now out of all times is a good idea to cut the defense budget. We also cant pretend that the military doesnt invent or innovate shit. After all it was the military the invented the fucking internet. You smooth brain fucking retard

>Tfw became a salaried power trader

>>21772267
Yeah nvda was just hit by first gen of rtx tech and crypto blowup. It still has the same leadership if not more. It was a short sighted sell off.

>>21772347
Why do this and not just buy BLNK puts

>>21772386
checked.

Why do so many retards thinking increasing taxes is the magical soultion. There isn't enough money to make everyone "wealthy".

A majority (but not all) of people who would benefit from UBI are not productive in society and would not be capble of being anywhere close to the value of the people who will flee cus of retard taxes.

If low-income people stopped buying usless shit, invested their money, did good financial decision making they would be far better off. But this is impossible because its very hard to stay poor when you do ANY of the above.

LOL, GIMME DAT.

>biz being so bullish on APPL making me bearish

Oh boy

>>21771001
How many times do we have to explain to you retards that the record dates are for brokers?

>call female broker
>”yea give me 500 shares of BABA at market price”
>hang up

You only have to ask a poor person what they want, it isn't fucking money and it isn't fucking freedom.
Its luxary goods. They see wealthy as I can buy any shit I want, not wealthy as wealthy people see it. Finacial power/incentive and control.

>>21772324
>from UK
You already live in an Orwellian hellhole with no rights

>>21772500

>>21772530
Yes, no rights for wagies. I plan to move in the future due to the retarded way this country is moving on a social level (but USA is no better. Least u guys guns lol)

Luckily, im not fucking wagie.

>>21772514
BABAsed

>>21771001
Record date doesn't matter for retail. If you buy tesla next week your stock still splits like it would if you had bought it last week.

>>21772352
It's an etf you imbecile

>>21771776

>1776 get checked

>>21772077
Lol

>>21771776
Bonds are good to protect against a sudden downturn. Bonds exploded in March/April. Good protection. But if the market are doing fine they won’t pay shit.

>imagine not being 100% tech

Lmao

>>21772745
>He doesn’t have 5000 shares of CX

>>21768901
34 to 35 is a real motherfucker huh

>>21772745
you gotta diversify though

>>21772943
50% TQQQ
50% TSLA

>>21772943
Owning 50 different tech companies can be totally diverse. Financial companies, medical, consumer goods, communication (phones and shit), social media, other types of tech. Then cars and Ai. Etc.

should I go all in on $SHLL?

>>21768655

If you don’t buy a couple 6 and 7 dollar lci puts you don’t like making profit.

>>21772999
they've been around for 2 years, anything cuhrazy happening with them?

>>21772943
I wonder how many of the people who all-in tech have mid 6 figures or higher.

Asian mother in law. Wanted to buy Tesla 2 weeks ago. I tell her it’s only up because of cheap liquidity, I wouldn’t buy it myself because I sick at timing. Now she wants to buy Apple and Facebook. I buy her 4 shares of Apple begrudgingly because I can’t into stocks other than miners. She now wants to bout in $5k more into Facebook. I’m feeling that if you are going to play this tech mania, Facebook isn’t the one to go with. Thinking of telling her to buy more Apple and Maybe Alibaba, and maybe Microsoft and Likely Amazon? What can I park her in that is going to make money but isn’t going to need to be babysat. Just straight hodl.

49 minutes to movie night! Tonight's feature is Coraline (2009)
>>21768655
Smuckers: The Reckining

>>21773113
Net worth yes. My stock portfolio is significantly less than that presently though.

https://www.youtube.com/watch?v=x65TDamuSHU

>>21773091

jumping up, merging with a truck company

>>21773125
Your gook mother law is dabbing on you

How can you make good options purchases without being completely wracked with anxiety on it not going in the direction you're thinking of?

I've considered some trades that would've gone completely south if i had done them and it gets discouraging.

>>21773199
So how do I not complete the dab by losing her money?

>>21773125
at that point you gotta concede and admit she's better at making money than you
you just look like a sore loser when you try to talk back

>>21773125
Dont invest your inlaws money. Let them do it.

>>21772999
Yes, trips confirm

>>21773302
Man it’s your mother in law. All that matters is not pissing off her or your wife. Suggest she put all that cash into VGT it’s an excellent 100% tech ETF from Vanguard with excellent performance. It’s beaten QQQ this year. It’s all tech not just Nasdaq.

>>21773434
Also the expense ratio is 0.10%. It’s the #1 way to invest in unleveraged tech.

>>21773434
Thanks anon. Will look into it.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
SPXL BEST GIRL!!!

>>21773515
just kidding, holland is obviously best girl

>tfw practically begging my coworker to take the 70k he has just parked in his fucking savings account and put it into AAPL leap calls last Wednesday
>Nah man I wanna buy a house soon I don't want to risk losing it
>him on Friday: wtf

I normally shy away from giving friends and family investing advice but seeing someone waste that kind of opportunity just pisses me the fuck off. I've been begging this dude to at last go into QQQ or SOXX, refuses to put more than ~1k into his RH.

>He didn't buy Palantir at the IPO

>>21773555
>Nah man I wanna buy a house soon I don't want to risk losing it
sounds like he's a man who has his priorities right and isn't a degenerate gambler

>>21773571
I kind of want to work from them. I have military and business experience though nothing as fancy as what they do.

>>21773571

When is it?

>>21773600
I can respect that part of it. But to simply park that much money in a savings account is ridiculous.

>>21773571
Also it’s a direct listing not IPO

>>21773636
If it’s a high yield savings I would understand if it’s 0.0001% that’s dumb.

>>21773555
If he has 70k, he should have TD or Schwab, not rh

>>21768917
Why

>>21773640

will it be on robinhood?

>>21773555
Stop telling people what to do with their money. If you were wrong, that's his money lost not yours.
I'm also saving for a house. 200k in cash 600k in stonks.

>>21773158
So you're not risking it all on tech then.

>>21773692
Why? I'm using rh and I like it better than fidelity never tried those two though. The app is bare bones but I get my news and tips from smg anyway

>>21773555
No hes being smart. That's a good amount of savings and depending on where you live at he can actually be close to buying a home. Why risk losing it all when he has a for sure guaranteed comfy house waiting for him. Yeah stocks are fun and a good way to make money but its not for everybody

>>21773631
Late September last I heard.

>>21773640
Based and thank you

>>21773707
It will be everywhere once it lists

is turning 3$ into 10$ easy?

is there any reason I shouldn't put all 30k of my savings into TQQQ for 5 years? and this rate I'll be a millionaire when those 5 years are up

>>21773829
If TQQQ has a bad day it can be very hard to recover. Have a hedge.

What all do you plan on doing with your TQQQ and Apple gains?
pic maybe related

>>21768568
I'm considering buying OTM Puts on Dick's Sporting Goods (DKS)
They report earnings on Wednesday

Their price is already above pre-covid levels, which makes absolutely no sense
Nobody is able to play sports - especially not any team sport

The only sports people have been able to play is Tennis & Golf

and as we saw with ELY & GOLF they shit the bed after earnings

DKS valuation makes no sense to me atm - there are no children's soccer teams driving everyone to buy new cleats / shinguards
There is no football team pre-season

From an argument of "people are still buying shoes / leisure wear, since they are restricted at home"
Look at Macy's & Footlocker - they are not doing well

People in general are doing less, seeing people less, so there is less reason to get new clothes / clothes last longer

Someone please tell me how I'm wrong / that it's not a good idea to buy DKS short-term Puts for earnings

>>21773828
It's actually not, turning 3k into 10k is significantly easier

For $3 you have two options: Buy a penny stock and hope for a buyout or buy a $1 option. Both have significantly low chances of working out

>>21773636
people have different priorities and you gotta remember that money is just a means to your goals rather than the goal itself. There's no guarantee any mutual funds or ETFs will keep going up or never dip. If we get a sizable correction soon, then he's stuck bagholding or reducing his possible down payment on a house for who knows how long.

there's no reason he has to risk it all just for the sake of more money. He has his priorities and goals set wisely, and it's not like someone who has $70K cash set aside is really wanting for more cash anyways. first world problems in the end.

>>21773913

they sell guns, everyone is buying guns

>>21774168
https://www.cnn.com/2020/03/10/business/dicks-sporting-goods-remove-guns-from-440-stores/index.html

>>21770144
Unironically, they're probably going to go up. School is starting back up and they're easy for moms to throw into their kid's school lunches.

Movie night movie night! Get in here!!

PFE

Is there any way tech etfs won't continue to do well for at least the next 10 years? More people using electronics, especially Africa and China, more people getting into gaming, streaming, boomers getting replaced by more technology-oriented younger generations, more AI, more connectivity, more automation.

I've had some unidentified illness for over 6 weeks.
They aren't giving disability really I need to get health insurance and get to a doctor.
How much do they usually give for disability?

>>21774307
Global primitive-anarchistic revolution is only like 5 years away at most desu

>>21773913
Doesn't seem like a terrible idea to be honest, by the looks of it

>Someone please tell me how I'm wrong / that it's not a good idea to buy DKS short-term Puts for earnings
Because it's earnings anon.. a company might post terrible results but still moon on the open

>>21774334
what does this mean? If you're in the US and disabled, you're typically given medicare, but it is a long process to apply and be accepted for

>>21774307
They’ll definitely do well. But at some point they might become overvalued and start underperforming non-tech.

>>21774449
I might as well just bite the bullet and get into debt to try to heal my illness

>>21773744
I have equity in a pre revenue business that is valued at a minimum of $300k but by this stage it’s probably closer to $500.
Real business is where you make real money

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
PLEASE HELP I THINK I'M TURNING INTO A NIGGER.
WTF DO I DO BOYS

Is Sony a good investment with the PS5 coming out in November?

>>21774562
Does their chart spike around each console release?

Hey /smg/, I need your help with a few plays.
What would be a good option next week? I dropped trading after my positions got fucked and made minimal trades throughout the month since I was afraid of losing more money after losing gains +half of my investment.

What's a good play next week? I'm not asking for a x1000, just a few to keep my eye on. TQQQ's dip already passed and it's more my fault for not picking it up.

>>21774440
But wouldnt it still open red? If so then you can make a good amount on the IV right or am I being a smoothbrian?

>>21774562
You'd be better off clearing positions before Election is in session.
After that, it's up to you.
It's an odd question since the console drops somewhere around that time, it could go down, it could stay the same, it could behave in the manner of priced in, it could just plateau after a jump.

>>21774562
perhaps you could also look into how business is going for them with their non-video game products. PS5 will be way too expensive for their consumer base with games for the system to add on top of, so they probably won't make a lot of sales with that until after a few years. It'll be just like the PS3

>>21774440
Their last reported earnings:
https://seekingalpha.com/symbol/DKS/earnings
-1.71 per share (missed by 0.88)

>>21774759
There was that "Gamer Girl" thing that they deleted. Everyone saw it though.
I remember one person said they might not even buy it after seeing that as an "exclusive"

>>21774680
Doesn't have to, might just be after-market action

>>21774805
Yeah they will probably do badly again, go for it. I'm just saying that there's a chance it will pump because earnings are usually a gamble, however.. considering it's up so much already there might be some big boys wanting to short it aswell for a nice correction

>>21774822
That game is gonna flop anyway it's too niche and FMV games never do well. I doubt it's really going to hold the PS5 back. It'll just be something youtubers to pretend to be mad about for views for 2 weeks before fading into obscurity.

>>21774679
WKHS
also if you love gambling GME

>>21774562
instead of worrying about console wars, you buy AMD or TSM because AMD supplies chips to both sides.
already priced in though.

TSM's a bit overlooked, they might crab for a few more months but it's good to have a position on it because no one can predict when the next catalyst will pop up (at this point, whatever intel's product line ups from the TSM chips, and if Korea/Samsung foundries gets fucked up by a typhoon. Even without that, Samsung burning more cash or losing more orders because of their shitty yields).

>>21772943
AMZN is literally an index unto itself because of its variety of business offerings and services.
>>21774561
That is like Stage 4 of being a tripfag

>>21775275
Aren't TSM fully booked on orders right now?

>>21775550
for 2 years, yes

Here's your dividend "stock" bro.

bros i think i'm gonna buy some snoy

>>21775550
>>21775565
pretty sure it was until mid 2021
it's definitely not a get-rich-quick pick but it also won't destroy you since it's a bluechip giant backed by an entire country. Don't worry bout geopolitics risk because Taiwan's supply to the west is so crucial that the rest of the world cannot afford to turn a blind eye to it unlike shit like Crimea or Hong Kong, much to CCP's dismay. The more attention put on Taiwan, the safer Taiwan becomes.

and taiwanese people still hate mainland china, right?

>>21774200
Shit.
That’s true.

With less kids going to school at the same time, that could fucking suck for them.

>>21773913
>ELY & GOLF they shit the bed after earnings
Define shit the bed.
Did ELY even move >4%?

>>21773515
(My pp on the bottom)

>>21769001
Almost all of those people would just spend it on producs, food, etc. and then that 40k of net worth would become $0 of net worth. Rich people have a large net worth because they have lots of assets and investments. It doesn't come from their groceries

>>21775687
Better chart.

>>21768917
HOW
LL ALREADY PAMP TOOOOO MACH

>>21773125
Sounds like she’s tuned in to what retail investors and Wall Street are about to pamp.

Very bullish for FB, I might have to buy that instead of ROKU and MSFT on Monday.

>>21768901
>This is retarded. Take the entire wealth from the 1%, redistribute it equally any everyone would only get 40k which would then crash the stock market because the majority of the money would get spent on stupid shit instead of going back into the market and private businesses.
This, it would just cause massive price increases.

The super rich got that money from the federal reserve anyway, it isn't even real.

>>21768951
>and raise the corporate tax rate from 21% to 28%.
Abolish the corporate income tax and abolish the federal reserve.

$4k
what buy

>>21775855
>The super rich got that money from the federal reserve anyway, it isn't even real.
The Fed unironically destroyed the middle class to revive the stock market in 2009 than doubled down on it in 2020.
Don't bet against the Fed but do short the middle class.

>>21772376
Ah that makes sense then.
But I don’t know, girls growing up now worshipping Kim and Kylie and the other social media kweens, belle isn’t that different...

However, most of them would probably not be proud to be “the woman who sits on the face of perverts they don’t know and burps at them to make movies to sell to perverts on the internet to masturbate to”

>>21772324
She cute

>>21775877
if you can't think of anything, just put it into an ETF (e.g. QQQ) instead of cash until you find something that might outperform that ETF

>>21775885
>The Fed unironically destroyed the middle class to revive the stock market in 2009 than doubled down on it in 2020.
True, I don't know why people don't understand this.
People are absolutely clueless as to why the stock market is going up in a pandemic.
Leftists are fucking DUMB

>>21775877

GBTC

>>21775978
Literally anyone who thinks this election matters, when both parties actively enable the fed and treasury departments to run their scam, while congress deliberately holds up relief spending because the rest of us are getting too much money...

I can’t understand how these people are so easily distracted. You go ahead and pretend it’s just leftists that obsess about bullshit and miss the big picture.

>>21776153
It's both leftists and trump retards.
We need to end the fed, cut 98% of federal spending and abolish almost all taxation.

>>21775978
>ZM and SHOPIFY went parabolic in spite of the lockdown not because of the lockdown
>cough immune FAANG should go down during a meme cold because it's a restaurant/airline

>>21775978
>True, I don't know why people don't understand this.
Because it's false. The stock market is doing well, because the federal reserve is (gasp!) acting to protect the economy. They're not making some crazy short-term solution that's going to ruin the economy in the long run, which is an unfortunately common misconception.
Cry more and stay poor, haters.

How would you rate this advertisement

>>21776344
This is LEGITIMATELY you and I hope you lose everything when the crash happens.

>>21776386
Evola/10

>>21776406
The crash already happened in March you dingus. When there is another crash you still won't buy stock and make money because you're too cowardly/retarded.

>>21775970
Is there any reason NOT to throw all that money into QQQ rather than first maxing out a yearly standard Roth IRA? I mean, qqq is tech companies, are there even any downsides to doing this? forgive my ignorance

if this is a cure expect DJI 30k by EOW
this will be the start of the golden bull run that'll cary him into a second term
/leftypol/ seething
https://twitter.com/BNODesk/status/1297377009438466050

we are JAMMIN tonight boys
check me out

https://www.youtube.com/watch?v=GIZ-ECzEaa8

>>21776432
>The crash already happened in March you dingus.
Imagine thinking that little blip was the crash and ignoring the crash of the US dollar.
Prepare for massive inflation.

>When there is another crash you still won't buy stock and make money
I'm heavily invested in gold/silver and mining stocks and I'll benefit greatly when you guys go bankrupt.

>>21776453
Trump is a leftist though.
He's like turbo Obama on the economy.

BAKING

>>21776410
Evola is distinctly modern (as much as he wishes he wasn't). He can't escape his Nietzschean power fantasies and confuses that with Traditional hierarchy, leading to modernist nostalgia for the castes of olde while at the same time betraying scorn for them! He does NOT possess the virtues of a Kshatriya!

>>21776498
>Trump is a leftist though.
>He's like turbo Obama on the economy.
already seething, coping and pants shitting i see?

oh yes.. yes

>>21776472
If you print dollars asset prices rise. That also goes for the stock market. March was thr bottom because printing prevented it from going lower.

>>21776453

Thoughts and prayers for the bears.

>>21776472
There is still demand for cash. Taxes will keep inflation under control.

>>21776472
>my miner/rock bubble is somehow different than TSLA, ZM, SHOP or bitcoin bubble because...

>>21776386
Stupid because they sell both. And budweiser is ass beer.

>>21776565
Exactly

NEW

>>21776555
>>21776555
>>21776555

>>21776406
If that image is supposed to mock that line of thought, then it's wrong.
It's correct they can continue this until inflation or interest rates become an issue.
But they WILL become an issue sooner or later, at which point the US will have very little maneuverability, which is why huge deficits are a bad idea.

>>21776556
Depends on whether or not the government ends up trying a shitton of debt forgiveness. If millennial fags get $50k uni debt forgiven, kiss the dollar goodbye.

>>21776524
I'm not the one voting for a socialist.

>>21776541
>If you print dollars asset prices rise. That also goes for the stock market. March was thr bottom because printing prevented it from going lower.
This is inevitably going to destroy the dollar's status as reserve currency. The rest of the world just has to sell their dollars even a tiny amount.
>>21776556
>There is still demand for cash.
I'm not talking about domestic demand lol

>>21776563
>because...
Because it has been for 10s of thousands of years?
Because the US keeps printing trillions of dollars?

>>21776386
decent

>>21776573
>It's correct they can continue this until inflation or interest rates become an issue.
It's already an issue, living standards in america have stagnated for a long time and have just gotten worse.

>>21776585
>I'm not the one voting for a socialist.
National Socialist*
and i'm 100% ok with that

>>21776585
Silver price behaves like shitcoin. You're disconnected from reality.

>>21776610
>National Socialist*
LOL, enjoy your poverty you dumb communist retard.
You're a leftist, just admit it, you want the government to change your diapers.

>>21776617
How does this refute me at all?

>>21776715
You said "Because it has been for 10s of thousands of years?"
i.e., gold/silver silver had not formed speculative bubbles over 10s of thousands of years

Another insane part is the "10s of thousand of years" Gold/silver had been used as currency since the bronze age which was less than 10 thousand years ago.
Also throughout history wealth was not increased by hodling a type of currency but through warfare, trade, usury, etc.

>>21776689
>you want the government to change your diapers
yes, /smg/ is a diaperfag thread, always has been
jump off a bridge, transplant

Hello.
Buy Lumber Liquidators.
It will run up for a few more months.

>>21775855
scrub

>>21776873
>i.e., gold/silver silver had not formed speculative bubbles over 10s of thousands of years
They're just speculative bubbles, gold and silver is real money and when they go up in dollar terms it's a reflection of how much the dollar has been debased.

>>21776885
>jump off a bridge, transplant
Okay diaperfag commie.

>>21769181
>sell far OTM covered calls
>still make more than divvies
divcucks on suicide watch

>>21776585
Not even. They only print enough tokeep the stock market up. Noone sells the usd because 1. US markets are performing. 2. Every other countries economy is doing 10 times worse.

Get of load of this gem.

>>21777021

>>21777075
>hey only print enough tokeep the stock market up.
and the housing market, and the BOND market, and to continuously fund the US government
This is unsustainable and has never worked in history.

>Every other countries economy is doing 10 times worse.
The underlying economy in the USA is much worse than the rest of the world. The stock market isn't a measure of actual economic growth, it's just a fucking scam enabled by artificial cheap credit.

>>21777059
This 100% not anti-semetic propaganda. There is nothing biased or one sided about it. Nope. As a proud national socialist I definitely don't believe that Jews are smart at all. Nope. Not smart even a bit.

>>21770872
>>21773913
I love you desu but this is some retard shit. Coronavirus has lead to a boom in outdoor activities specifically fishing, camping, etc. If you go to dicks right now to buy fishing supplies they can’t keep anything on the shelves they are selling am fast. Seriously call your local dicks and chat with them about it they haven’t sold this much fishing and camping stuff in years it’s insane.

>>21777204
>This is unsustainable and has never worked in history.
It's never been done this way in history. Stop being afraid of new techniques.

>The underlying economy in the USA is much worse than the rest of the world.
The American economy is still tge best in the world. I don't see billions fleeing like in free market China

https://www.cnbc.com/2020/08/21/china-users-move-50-billion-of-cryptocurrency-out-of-country-hinting-at-capital-flight.html

>>21777321
>Stop being afraid of new techniques.
What new techniques? Printing money and spending it? This has been done since before Rome. You people are fucking clueless and I can't wait until this bites you in the ass.
The only difference between money printing historically and now is that the world is on the US dollar reserve system.
This is going to be the collapses of the past but on a much larger scale.

>The American economy is still tge best in the world.
No they aren't lmao. GDP doesn't mean shit.
USA doesn't produce ANYTHING. They have massive trade deficits.
The only think they export is inflation.

>>21777394
>What new techniques? Printing money and spending it?
Printing money and spending it in a way that doesn't cause inflation on products Americans need for everyday life and at the same time benefits the job creators.

If we didn't have tge best economh we woukdn't have the highest gdp and rich market makers wouldn't be storing their wealth in USD. The rich would be fleeing the country. (They're not)

>>21777598
>products Americans need for everyday life
Those products have been going up though, the CPI is extremely flawed.
Printing money and spending it on bonds and stocks just creates massive malinvestments and destroys the underlying economy. It eventually leads to actual massive inflation.
ALSO the main reason there hasn't been as much inflation in the USA is because USA has the world reserve currency and can just export it's inflation.
You base your assumptions off the current unsustainable messed up global financial system.
>highest gdp
The GDP is a made up figure that fools retards like you into thinking the economy is doing well. Whenever the government prints money and spends it "GDP" goes up.
I hope communists take over and kill you people.