/biz/ - Business & Finance

>>23504302
Justin is the best. Seriously though, where do I park my leafbucks to weather the coming hyperinflation?

>>23504324
U.S treasury bonds

>>23504324


OP is slightly misleading. That graph shows the relative change in central bank buying. Canadian central bank was buying very little before covid and started to ramp up due to the pandemic. overall buying and central bank debt load is still far below US

>>23504351
The Canadian dollar is super low though. If I buy USD denominated assets I stand to lose bigly if the $CDN rises

So what do we do after GME?

Also fuck weed smokers and jannies

>>23504362
Per capita it’s just as bad. All the OECD countries are competitively devaluing in a coordinated fashion, or so it would seem

>>23504324
You do the opposite of what your government did. Buy gold instead of selling it.

>>23504364
Ain’t that scenario the opposite of what you want to protect against?

>>23504390
I can never unsee this. Thanks /pol/

>>23504364
isnt the cdn pegged to the usd?

>>23504419
white bernie bros dont realize that niggers and other shitskins already get all that shit for free lmao

leaf here, does this mean Canada is the best or worst at something?

>>23504642
Cucknada is the worst at literally everything except safety, where it's middle-of-the-pack.
In OP's pic, it shows cucknada printed 9x more money relative to country estate than USA, meaning it's going to shit about 10^9 times faster.

>>23504364
There is precisely no reason for the CAD to ever rise ever again now. There's a distinct, though low, possibility that the CAD goes full Zimbabwe or Venezuela.

>>23504677
And that's a good thing!

I'm thanking of scaling down my holdings and trimming back on some others. I mean shit at this rate I may as well just toss money into a fund and be done with it. Oh wait, I've got one of those to. Fuck. 13 stocks plus 1 fund.

Is it too late to buy Home Depot?

everyone ready for a GRASS RED week?

I'm a brainlet who is looking for long term investment.
Do I just put all my money in SPHQ and call it a day?

>>23504786
BLOOD GREEN

>>23504364
Im leaf. Im 100% US portfolio
dont be retard

where do you go for current personal finance knowledge, some guy on reddit recommended the Bogglehead's Book/Website but I don't trust it

>>23504378
after squeeze then GME puts
duh

HSE owners get in here

https://financialpost.com/commodities/energy/cenovus-energy-to-buy-husky-energy-for-c24-bln-2

>>23504821
Why not something cheaper to hold like VOO

>>23504864
Bogglehead's Guide to Investing is pretty damn good if you want to do the bare minimum for investing (i.e. investing in index funds instead of single stock). It's definitely a good book and very trustworthy, but if you're looking at buying single stock or crypto, then I doubt it's for you.

NEE. Nuclear power is comfy

>>23504378
I don't know senpai.
Part of me wants to just take a vacation for six months and put it in cruise stocks while I don't give a fuck.
The other part of me wants to grind it out with all the other picks that require me to pay daily attention to all the markets.
I'm leaning towards the second. NIO looks like a good play.
Bitcoin looks safe also.
There are a lot of good plays, but something like GME comes once in a long time anon, it isn't easy to find the next GME.

>>23504972
Yeah, I already have a $19k invested all in various single stocks. I'm pretty into the numbers of it all, I have a degree in math and minor in stats so I'm looking to learn more in depth but also want the information/material to be very current ie. possibly a subscription or economic podcast

>>23505029
>but something like GME comes once in a long time anon, it isn't easy to find the next GME.
i will never not be mad at myself for buying shares instead of January calls back in August

Too late to buy Home Depot? Yes or no? P/E looks pretty good but only 59% of analysts give it a “Buy” rating.

>>23504910
I guess that's better, but should I put all my money in it or is a world market ETF better?

>>23504746
It’s never too late to buy Home Depot.

This is measurements of the amount of Covid present in samples from the Boston sewage system. Expect to see massive outbreaks over the next month.

>>23505071
I have 3k shares of GME because its a squeeze play and nobody could have really seen the MS deal coming.
I might sound like a beta, but I pretty much stick exclusively to shares because I like to sleep like a baby at night.

>>23505029
NCLH seems to be a good cruise stock(I bought at 15 a while ago, and then bought a little more when unusual whales showed a big call on it). someone here said CCL has amassed some debt over corona

>>23505123
The only cruise stock worth picking is NCLH, by far.

>>23505121
How fast does we expect GME to rise, should I buy in as early as possible monday or could I wait until friday?

>>23505121
This. I will never, ever trade options. I’m all about long-term holds.

>>23505033
For personal finance and the sort, I'd recommend Dave Ramsey. I know it's very beginner material, but I would argue that most of personal finance is behavioral, and not math-related (which he says never gets harder than 4th grade math, yet people still can't control their spending behavior).

Slightly more advanced than that is The Money Guy show, and they have a lot of older podcasts that are really good for general personal finances.

If you're looking for more advanced stuff regarding stocks and trading (day trading or swing trading), look at Rayner Teo and TraderTV Live (Day Trade The World).

That's all probably my best suggestions off the top of my head.

>>23505121
Options are a great way to make money fast and then lose it even faster.

Buy SPACs or vaccine stocks next week?

>>23504677
you sound like an angry leaf

>>23505155
This. I don't touch options -- I just make small steps as a trader/investor. Options are for the greedy, and if it's one quote that has always stuck with me, it's "pigs get fatter, hogs get slaughtered". The older I get, the more precious that quote becomes.

>>23505157
SPACs are dead. HYLN proved they are just a meme and not a good one.

>>23505177
Why wouldn't I be angry? I'm forced to live in a 4th world shithole with 1st world expenses and 3rd world salaries. Of course I'm angry. Moreover, why would I be angry if I were anything but a leaf? For anyone else, this shithole is a humorous little stand-up comedy show.

>>23505132
you never really know when its going to pop, but my tea leaves say you'll probably be fine until friday. Some people are expecting a dip on q3 earnings, and since shorts haven't covered yet, and I dont see anything major happening to cause a dip before then, it's possible Q3 earnings will be the last chance for them to cover before it raises further. so ironically, if earnings are bad for Q3, it could cause it to pop after a little dip.

>>23505132
>he doesnt have a single-digit cost basis
lol

but up to you, figure out the numbers yourself. It's trading at like 0.2x of revenue right now. Gamestop isn't the only specialty retailer that is starting to see a boon with corona (see BBBY for example). Other retailers trade at 0.5x or even greater than 1x depending on their margins, Bestbuy trades at 0.5x since it's brick and mortar but something like Chewy trades at 4x instead since it's entirely e-commerce based (better margins, and also subscription-style pet food delivery -> very lucrative)

>>23505121
>>23505133
I'm not a big fan of options either, but once I move into indexes I think the wheel will be a good strategy if shit the market isnt as volatile as it's been for a while

https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/

Rate my dads portfolio
T
ABBV
SHOP
BA
BP
BABA

>>23505202
buy stocks from other countries in your taxless trading account, then

>>23505316
It's in my taxed account for now, gotta wait until jan 1 to move it into a taxfree.
Truly the only good thing that exists in this shithole, and as such the current (and surely future) government has tried its best to eliminate it.

>>23504302
Haha allright allrighttt ill say it one more time but only because you faggots wont stop asking about it. It goes something like this:

FUCK JANNIES
FUCK CHINA
FUCK THE USA
FUCK ISRAEL
AND FUCK JANNIES.

Thank you very much, it has been a wonderful weekend

>>23505202
I would tell you to move down here to the states leaf bro, but unfortunately we're full. We actually are going to be sending truckloads of niggers across the border and dump them in Windsor. We don't want them anymore and I've heard Trudeau loves BBC.

>>23505362
Basado

>>23505384
didnt trump want to build a wall against canada though
because tourists kept coming to canada then crossing the border into US to become ""refugees""

Bullish?

>>23505100
I personally have more faith in the U.S. than the rest of the world on average. Stick to the U.S. If you're smooth-brained/lazy and want to weather the current turmoil then SCHV is a good one too.

>>23505304
T = Too much debt
ABBV = I don't understand why someone would hold this.
BA = I wouldn't touch this for the same reasons I won't touch GE. Aviation is in the shitter right now, and I don't think it will recover anytime soon.
BP = I mean, I guess. I would rather invest in an oil company whose accidents don't get studied by ChemE's in their process safety courses though. I think oil will recover before the aviation industry does. But I am pulling that out of my ass to be honest.
I don't have any opinions about the others.

>>23505304
Get rid of T, ABBV, BA and BP.
Get some non-chink tech in there. Reduce SHOP exposure for something else (MSFT, AAPL, AMZN, whatever. Now that GOOG is getting hit with lawsuits again, it might be a good time to get some GOOG).

>>23505384
While cuckistanis can go work in the US very easily through TN visas, it's far harder to stay in the US (trying to go TN -> greencard can get you permanently expelled, you have to go TN -> h1b -> greencard, which requires sponsorship twice and is increasingly hard to get nowadays).
I might be able to try via 2nd preference, though I don't know if employees like these better than h1bs (I suppose so, easier sponsorship requirements), and they're all halted due to covid.
Getting h1b-sponsored directly is near impossible from my experience, except if you're indian I guess.

anyone here own LINK?
is it a meme?

>>23505133
>>23505155
>>23505191
There’s more ways to use options than buying them naked like you would shares and hold hoping to gain faster but possibly lose faster. If you own shares and are holding long, you can buy options to compliment your shares when their is definite trends. For example; clear bullish trend on the stock; buy some calls at less exposure than buying more shares to compound more gains on longing the stock. Clear bearish trend on the stock; buy puts to hedge against your long position and make gains when the line goes down but still be holding diamond hands on your shares. There is way more examples than these couple simple ones, strategies and beneficial uses that get more involved with options than the degenerate style strategy you are referring to.

>>23505427
Extremely bullish. This means things can go back to normal and businesses aren't going to die over the flu.

>>23505198
>goes from 10$ to 60$
>obviously comes down again some time
>retard who bought at 60$ says spacs are dead

topkek

>>23505508
Stay the fuck out of our smg crypto faggot. Take your Link scam elsewhere brainlet.

>>23504468
yes.

>>23505508
I’d say it’s more for long term investing.Still safer than those fucking pajeet scams being spammed in the catalog.

>>23505529
i trade stocks and hang out in here monday through friday faggot
just asking if theres any validity to the rest of this board
>>23505554
gotcha

>>23505568
What?

>>23505413
Wouldn't surprise me
>>23505497
I should start sponsoring leafs so you can come down here.

>>23505427
If hospitals don't get full there's no need to control anything so yes.

OHHHHHHHH MYY FUUUCCKINNNN GAAAAAWD GMMMEEEE IMM GONNNAA FOOOOKIINN COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMmmmmmMmMmMMMMM

>>23505528
I don't buy SPACs, I went all in on GME because I'm not a tranny communist.

Just set a GTC at $16 on my entire GME holdings.

Not being greed because my avg cost is $12 now.

Willing to invest all of it into the next meme on here. What should I go for?

>>23505497
He made like 300% on shop this year and he actually is investing real money not some 4 figure shitfolio, ba and bp were before Covid and I guess he’s boomer holding, abbv and t are drip stocks cus he’s retiring in a few years

>>23504468
Only the downside is, the upside is not. CDN goes up in periods of worldwide prosperity, and down any other time. It's because cucknada imports 80% of all food consumed, and damn near 100% of any other products. Meanwhile, cucknada's main income is from export of oil and wood. Other countries in trouble = they won't buy the outrageously expensive canadian oil and timber (whose quality is second rate anyway) = CDN goes to 0. Other countries doing fine = they don't care where they buy the oil and timber, they just want more as they're growing = CDN goes up.
Almost all food consumed in cuckistan is from the US, and the most important importer of canadian things is USA. Do the math.

>>23504468
>>23505536
What does this mean that CDN is pegged to USD though? In context of the OP pic related Canada devaluing 9x faster than USA and for a investor.

>>23505508
Yes, only have like 30% of my position left though

>>23505689
>He made like 300% on shop this year
Yes, SHOP was an excellent buy until this year. I suggest reducing exposure because I think it's unsustainable and other stocks will be able to do better in the short to mid term.

>ba and bp were before Covid and I guess he’s boomer holding
They have been garbage holds for decades.

>abbv and t are drip stocks cus he’s retiring in a few years
SPY is better than that regardless of goal.

>>23505769
Look at the chart for BA, it went parabolic before Covid raped it. Idk why he still holds bp though, boomer holding.

Miko is streaming live right now. Just thought you should know.
https://youtu.be/nrX08cLgjyI

>>23505362
It's for you, king

>>23505880
Cute

MCD stock split
> MCD stock split
MCD stock split
> MCD stock split
MCD stock split
> MCD stock split
MCD stock split
> MCD stock split
MCD stock split
> MCD stock split
MCD stock split
> MCD stock split
MCD stock split
> MCD stock split

>>23505640

>>23504302
Man this is rough. This is why I put all my money in stocks, crypto, and a house as soon as I get it.

This is literally the last week before the selection. Billions worth of ads are being mobilized. There are big trucks with trump flags driving around honking their horns and shit. Trump promised a stock market crash and a great depression last week if Biden wins. We'll know by middle of next week if that is going to happen. The great depression may kick off during his last couple months in office, during the lame duck period when he's signing pardons and shredding documents. I've positioned myself appropriately I hope you have too

>>23505646
I went all in in DKNG, then went all in in NKLA then went all in in GRAF then went all in in SHLL then went all in in GME. I made over 6 gorillion

>>23505908
Source, big mac if true

>>23505812
You really think covid raped it don't you? Yikes! No, covid was just an excuse for bad stocks to get raped for bad decisions. It didn't rape anything on its own.

God I hate 3D women

Give it to me straight /biz/, am I a retard for investing around 6k in airlines/cruise companies? I intend to hold this position for at least a year or two and sell when they get back up to normal after big rona winds down.

If any of you niggers vote for Harris you aren't welcome back to /smg/

>>23506034
I voted kanye

>>23505880
kys

>>23506018
Airlines, yes
Cruise lines, NCLH is the best choice.
Diversification is such a meme.

>>23505908
WTF I LOVE MCDONALD'S NOW BUY BUY BUY

Good at all for NAK?

https://latam-mining.com/northern-dynastys-pebble-project-scores-as-epa-steps-back/

>>23504378
We finally rest and watch the sun rise on a grateful universe.

>>23506040
This is acceptable

>>23506080
why airlines bad? airplanes are safe from the meme flu because they have hepa filters on them

>>23505669
Sell $16 calls until you are exercised instead.

>>23506065
No. However I am going to take a nap which is kind of like being dead temporarily. Will that satisfy you?

>>23506132
lmao

Thoughts on AYX? I have about 50 shares of it. I’m personally a big fan of it and use it daily. It’s a great tool for those who want to automate stuff but don’t know how to program.

However, it fucking cratered last earnings release and their guidance was abysmal. They got a new CEO recently who was formerly president of Palo Alto Networks, and the stock recovered somewhat.

I’m a little nervous about the upcoming earnings release. I’m wondering if I should sell.

>>23505108
Haha poop.

>>23505121
You could sell 1 covered call and then spend the premium on a lottery ticket.

>>23506034
Write in GME.

>>23506090
I’m not in NAK but I was, and yes this is good news.

>>23505880
Those are men faggot. Kys.

>>23505133
LEAPS are a thing.

GME

>>23505908
This is a god send if true. Freedom Burgers make money.

>>23506251
See
>>23506145

>>23506155
explain lmao

>>23506080
>Diversification is such a meme.
Why is it a meme anon? I would think it's safer

GOD DAMN IM SO BULLISH ON HYLN FUCK ME IM GONNA CUM SO FUCKING HARD WHEN I BUY MORE TOMORROW FUCK FUCK FUCK

>>23506323
you took the bait

Digital games will bankrupt GameStop prove me wrong

>>23506312
lmao means laughing my ass off

>>23506323
The Chad investor only picks winners and goes all-in with full confidence and no stop losses.

>>23506366
Why would I invest in cruises and airlines when I could just invest in the best, NCLH? Why waste my money?
Not that I’m in those things, cause I’m all in GME.

>>23506323
It's never safer. It eats into your profit and everything dumps at the same time anyway. Cyclicality is very limited and temporary. It usually just means you'll make +20% for the year instead of +30%, while another sector is making +10% for the year instead of +5%. While critical news can tank a company, it never happens overnight. Worst case scenario you get +15000% then lose 20% before you can offload. Who cares. The alternative is getting +800% over the same time period, and losing 5% instead of 20%.

>>23506345
I agree

>>23506345
I don’t play video games but everytime I have to buy them I just go to walmart. I just have always heard GameStop is stingy as fuck

There are people in here that think GME is mooning because of physical game sales. I love it, you’re the reason it’s so cheap and growing haha.

>>23505108
>flu outbreak in flu season
STOP THE PRESSES

...Wait, what are you doing, this isn't newsworthy no stop STOP STOP

>>23506420
>There are people in here that think GME is mooning because of physical game sales. I love it, you’re the reason it’s so cheap and growing haha.
How heavy are the bags, baggie?

>>23506389
>everything dumps at the same time anyway
diversification doesn't mean diversity in stocks necessarily

>>23506420
retard

clown.jpg didnt tip you off

>>23506420
This is cope. A huge portion of their business model is game sales

>>23506445
I’m up 100% though lol

>>23506457
That’s nothing. Where have you been since March?

Aston Martin shares are 66 cents. anyone in?

im going to buy a few thousand tomorrow.

>>23506451
Nice backpedaling. Stocks are the only asset with actual consistent growth anyway.

>>23506468
Scratching my ass

>$MAG
>$BTG
>$GME

Going to open a robinhood account today I have 2000 dollars to invest, what should I buy tomorrow?

This board isn’t good for my mental health. I just fantasize about retiring early and am constantly anxious about losing everything.

>>23506470
>"Hmm.. MSFT and FB have earnings. Maybe I will get some GOOG too.... Oh wait. Aston Martin just had another year full of losses sliding deeper into eventual bankruptcy. Now that's what I need in my folio."

>>23506554
Dollar cost average into VOO. Don’t listen to the speculative retards talking about GME. Maybe put in $250 every other week.

>>23506554
An AR 15 and 500 shots of ammunition. Make the IRS pay.

>>23506560
better than having nothing
its fun to look at a number and look forward to something i think

>>23506573
Why VOO over SPY?

>>23506473
>stocks are the only asset with actual consistent growth anyway

>>23506601
I don’t think they materially different. You’re fine with either.

>>23506332
Think this is the bottom anon? It looks like it I guess.

>>23506554
GME $420.69c 10/30

>>23506611
Yes.
5% per anum is not growth, it's stagnation. 100% in 1 hour then 0% for 5 years is not consistent growth.

>>23506323
Obviously it is safer if you barely have time to watch your portfolio and can't tolerate the risk because of old age or whatever. Young people sitting there diversifying into 10+ companies is a complete waste of time, not to mention that as a nobody that doesn't really know too much about stocks.. how are you suppose to keep up with everything to ensure that the companies is not slowly dying a year after you first invested? Are you suppose to sit and deep dive read about every single company 4 times a year? Fuck that.. like I said, complete waste of time

Lmao who the fuck buys bonds like does anyone sit around saying "man I can't wait to get home and buy some bonds".

>>23506651
if you have a proper broker they will pay you to buy them by increasing your buying power by 80-90% the value of the notes

What time do futures markets open tonight?

>>23504378
DDS and BBBY if they haven't run out yet.
DDS is looking particularly good

Justin's UNFI pick also looks like it has room left to grow.

>>23506651
I was curious too so searched for "Chad bond trader" and came up dry. Found this though so maybe options on bonds

>>23506647
I don't have a lot of savings to my name anon, I only have 10k and I'm going to invest 60% of them, leaving the remaining 40% in case something happens IRL and I need a safety fund to dip into. The upside is I have literally 0 debt so there's no way to go but up. I just want to invest safely instead of betting big on a single stock, even though it might hurt profits in the long run.

The plan is still to invest in airlines and cruises but apparently the airline play is retarded so I'm a bit stumped here.

>>23506651

Probably those that unironically lives in high tax shitholes or setting up retirement/education plans.

>>23505191
I always heard it as “the Bears make money, the bulls make money, and the pigs get slaughtered.”

How far is PLTR going to dip?

>https://www.youtube.com/watch?v=s8hg-1Rfs7c

is he right?

SWTSX (Total U.S market fund) + few large name company stocks = kick back and uh do nothing and not worry about nothing either. To make things even more dirt simple you can setup auto invest. Dump however much you want each month into the fund and let it roll.

>>23506778
baby nuts is going to tree-fiddy

>>23505191
>>23505519
theres this idea that you need to go all in when you trade options its not true

you can spend 5$ a week on a different options trade

options is actually far safer than holding stocks because you can bet as little as you want but people dont understand that yet

is GOOGL a cheapy?

will gamer stock follow the same pattern of the last 3 weeks?
crab all week then pop hard on thursday?

>>23505508
Link has real value:
https://static1.squarespace.com/static/5d580747908cdc0001e6792d/t/5f3bba7fe0cc631d15da5c04/1597749887865/research+note+8.17.1.pdf
https://static1.squarespace.com/static/5d580747908cdc0001e6792d/t/5ec31e182f02014716f09082/1589845529029/research+note+5.18.pdf

And is most likely to make the largest percentage gains of the big 3 coins with real value (BTC, ETH, Link) in a crypto bull market, just cause it has the lowest price.

It's not going to go anywhere near as high as idiots spam on biz though. Probably 5x in 2 years if there isn't another hyperinflated bubble.

>>23506867
Seems like it will continue giving bull traps in the morning and crab back down over the day. I've been selling the morning and buying the afternoon

>>23504413
this, you got some nice 1oz maple leaves out there

>>23506873
Is BTC still the safest bet for ultra long term?

>>23506882
been considering day trading it now that i have margin, ive been studying the movement of gme so hard last couple weeks
been in since 9 with 1k shares

>>23506911
One day it’s going to moon in the mornings and never go back down, I can’t take that risk.

>>23506835
I see where you're coming from, however, the difference between trading stocks and trading options is that the factor of time is infinitely more strict with options, which is why I don't care to fuck with that type of stuff.

>>23506867
Well last week it popped but didn't dip like weeks prior on Friday.

>>23506554
SNAP 45c 10/30

>>23506895
Yes. cane island (who ive been citing) has a bunch of useful research on that topic including a peer reviewed paper https://www.cane-island.digital/

The one thing you have to worry about with BTC is the potential for forking over block size. TL;DR always have your private keys, and for ffs don't keep BTC on coinbase

>>23506735
>The plan is still to invest in airlines and cruises but apparently the airline play is retarded
Of course it's retarded. Airlines are struggling like crazy and we don't know if one or more companies will vanish in the next few years because of this shit going on, what if you invest in the airline that will completely collapse? Kek'd.

>I only have 10k and I'm going to invest 60% of them - The upside is I have literally 0 debt
Just put the 6k into an index fund anon

>>23506895
BTC is overvalued

>>23506953
Where should I keep it? I have no idea how to do crypto, where should I start?

>>23506846
Always

>>23506735
>The plan is still to invest in airlines and cruises but apparently the airline play is retarded so I'm a bit stumped here.
dude lol

if you have no idea about investing and what risk management and what the implication of massive cashburn and debts are
then just buy QQQ or VOO for now until you know your shit
QQQ and VOO will basically be mutual funds but with much cheaper "fees" (you dont actually pay them directly, it's factored in the price of the fund already). They're ETFs, i.e. funds that trade on the exchange like individual stocks

Noob here, redpill me on FNGU (probably can't get this in the EU but I'm interested in those leveraged ETFs in general.

To me this sounds like the ultimate gamble for holding mid/longterm which will probably ruin you if red line down.

Or can you just stop loss order it like put 10k in, set reasonable stop loss and hold until before the elections for example? In that case it sounds like a money printer.

>>23506719
dare you to try options on /ZB

>>23506972
So generally speaking to buy crypto you need to use some sort of fiat onramp on a centralized exchange. When you "buy" the crypto there it's stored on the exchanges ledger like a bank account, you don't really own it per se and could get mt goxed if the exchange went down.

to really own the crypto you have to move it to some sort of wallet you own the private keys to. Most recommend the exodus wallet for those who are new. If you're extremely paranoid you can get a hardware wallet -> a usb dongle that has to be plugged in to exchange the crypto

>>23507055
Remember that both sides of the IQ bell curve invest exclusively in ETFs.

>>23507101
My account is way too small for /ZB. I trade /ZF though. $8 a tick is well within reason

>>23507118
ETFs like VOO will always beat active management in the long-term. Always.

Buy SPXL

>>23507071
FNGU outperforms TQQQ by a percent point or two but it moves terribly slow in comparison because of no liquidity.

>https://momentus.space/
>$1 billion valuation
>The company aims to be cash flow positive by 2023, when it forecasts annual revenue will exceed $500 million.
>20 employees
hey remember the anon shilling SRAC for this shit?
All I see are suspiciously well done artist rendering of their pitch. I dont see any prototypes or videos for this shit in motion

what the fuck is the DD on this shit? So far my impression is that this is all elaborate PR to get billion-dollar funding for a penny stock start-up

>>23507055
I buy triple leveraged ETFs and sell monthly calls. Then take the premium and buy leaps on more 3x ETFs then sell diagonal calls against those and take the premium from that and buy FNGU. I just opened my Robinhood in April because an actual broker wouldn't give me option spreads. Am I doing it right?

>>23507118
i'll start thinking about ETFs when i'm not a 5-figure poorfag anymore

as for now i can stick to putting money into 2-3 companies at most that I actually did DD on

>>23507148
>ETFs like VOO will always beat active management in the long-term. Always.
I see your claim and raise you one Cathy Wood

>>23507166

>>23506954
I'll probably just put everything into an index fund like you said. Thanks anon. Would it also be a good idea to put some money in the fund every month? I'm thinking somewhere around the range of 300.

>>23507055
that's why I came to /biz/, to be shown the folly of my ways

>>23507212
You gonna explain or just shit up the board with birdhouse brain wojack, reddit fag?

>>23507176
sure, as long as 2010-2019 repeats itself another decade

>>23507227
Open a roth and put it there
if you are adventurous you can try a 60/40 UPRO/TMF or TQQQ/TMF split

Put it all in gme first and wait till its at least over $20

>>23507071
FNGU is basically turbo TQQQ since it only invests in hype tech companies like TSLA, TWTR, NVDA, etc. I think 10 companies max with a roughly equal spread for each but rebalanced occasionally when it gets out of line. There is an underlying index that it uses as a reference. The 2x version is FNGO.
Stop losses work great with FNGU, plenty of liquidity. The only problem with this ETF is lack of options trading which you can get with the other leveraged tech ETFs like TQQQ, TECL, SOXL, etc.

What u guys think about my portfolio? Is this the best I can do with 2k total? Up about 500 bucks from an initial buy of 80 shares and accumulated until 120, cost basis 10.73 and then yolo’d into these options on Friday.

>>23507231
>as long as 2010-2019 repeats
If this happens, by my calculations I'll accumulate a sizeable fraction of all the money in the world (liquidity notwithstanding)

>>23507291
Buying GME at it's AH. Ngmi

>>23507291
>11/13
theta decay is going to murder you son, especially if there's a correction

>>23507261
Fine for me, I don't do options (yet - gotta learn a lot more and change broker before I will).
So in the worst case without a stop loss I put in 100 and can lose 300 due to the 3x leverage?

>>23507357
>So in the worst case without a stop loss I put in 100 and can lose 300 due to the 3x leverage?

No that's not how it works you can't lose more than you put in.

>>23507357
With leveraged ETFs you can only lose what you put in so if you put in 100 you can only lose 100. And that would require the underlying for FNGU to drop more than 33% in a single day which is unlikely in the extreme especially with the circuit breakers on the S&P.

I don't like to buy stocks that already moved 400%
and everyone thinks they are great and jumps in
FAGMAN, AMD, anything

I want to know BEFORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

but the down and crabbed stocks i bought aren't doing shit
like fucking XOM

how tf am i supposed to know

ALL those hype stocks have been down and crabbing a few years back

it's all just luck tbqh

after the fact it's so easy to say hurrr i'm smart i bought muh google 10 years back and in hindsight it's easy

but in the end it was just luck

fucking niggers

>>23507336
>berg
Every time

Lol, fuckers in congress keep saying "maybe" "It'll happen" about the stimulus. I don't really care what words they use long as I get another 2400 bucks dumped into my account..

>>23507394
just buy /smg/ meme stocks it's that easy

>>23507394
>Stock market is luck
And me getting a 4.1 gpa is luck as well I suppose. Certainly wasn't all the studying and research that's involved in order to succeed

>>23507430
Fuck off nerd this board is for jocks

anyone can explain to me why, as a 19 year old who doesnt give a fuck about risk management, i shouldnt go all in on ARKK?

>>23507426
>coomer cat isn't on there
gay

>>23507410
They'll continue to reiterate that bullshit so the stocks don't crash. Trust me fren when I tell you no help is coming. The senate will never hold a vote before the elections

>>23507394
or just trade by fundamentals and stop being baited by stock price movements
I would still write puts on AMD right now if I had the cash

you are falling to the value trap mentality where you buy cheap stocks thinking they're discounted because they went down -50%

>>23507426
yeah i want to kick myself i'm not doing that

GME has been shilled for weeks and is still up
but i thought i'm smarter and markets are efficient and it's all just dumb money coming in on a dead cat bounce

idk tbqh i will just buy index memes


>>23507430
in the real world sure, hard work will pay off
but in stocks idk
but what tf did you learn that works in the market for you
i tried every fucking TA indicator bullshit and macro analysis seems impossible, unless you do DD for weeks or something

>>23507394
Buy a hundred shares and sell monthly calls/collect divvies. Even if it crabs you make bank since hype stocks have lots of volatility thus expensive options premium

>>23507394
Buy Gold and Silver jr. miners retard. Still 150% away from their highs back in 2011-2013 when Gold was $1900.

>>23507450
Go all in on Cannastocks.
>MSOS
>CURLF
>GTBIF
>TCNNF
>IIPR
>PLNHF

>>23506832

$3.50 or $350?

>>23507378
>>23507380
Thanks, sounds more appealing to me now.

>>23507481
>dead cat bounce
is a minor upswing on a down trend. GME was a company not going bankrupt trading at bankruptcy pricing. TA memes are addling your brain

>>23507481
Cannabis stocks. I've done plenty of DD to know that american market will exponentially grow in 2021.

>>23505108
it was nothing last season and it will be nothing again obviously

>>23507465
>stop being baited by stock price movements
that would be a start
unfortunately exactly that stocks that dumped catch my attention

but how do i trade on fundamentals, every stock with good fundamentals is expensive because the market ALREADY knows
what it doesnt know is the future, which you cant predict with no amount of analysis

>>23507485
thanks, i hear that all the time on /smg/ but i have been too lazy to put in the work on how options work. any starting point for that?

>>23507498
yeah with zero knowledge on that shit i dont know how. maybe some miner ETF.
what if suddenly there is just shit in the mine and no gold
then they go bankrupt and stock shits the bed

>>23507195
Explain

>>23507227
Yes, compounding is everything when it comes to long term investing. $6k initial investment, $300 a month for 10 years and an average annual return rate of 9% (variance range of 4% just to keep it more legit) means your position will be worth ~$72k in 2030. I actually started with a $300 monthly deposit aswell, but worked extra every third month so I could put in double the money, so instead of $3.6k annually I increased it to $4.8k annually, which is $400 a month instead of $300. If you did that you would have ~$92k by 2030 instead of $72k, a $100 difference and the profit increased by $20k.. that's an easy way to understand why compounding is so damn good

>>23507515
>TA memes are addling your brain
yes true

>>23507521
>Cannabis stocks
i heard people who bought in on those got cucked good

>>23507499
go fuck yourself nigger
never reply to me again you fucking imbecile

short airlines, first class is a scam right now, and it used to their big profit maker
flight attendants use covid as an excuse to treat you like economy class

>>23507500
Careful fren. I'm pretty sure that's a giant crustacean from the paleolithic era.

>>23507547
>thanks, i hear that all the time on /smg/ but i have been too lazy to put in the work on how options work. any starting point for that?
I learned everything I know about options from the book Options as a Strategic Investment by Larry McMillan. You can find it on library genesis. The first 3 or 4 chapters gives you all you need.
https://www.amazon.com/Options-as-Strategic-Investment-Fifth/dp/0735204659
>>23507559
ARK mommy is crushing the indexes. She's the lady that had a price target of $4000 on TSLA when everybody else was laughing a couple of years ago. Look at the charts for ARKK and ARKW. They have a great site too where they explain their reasoning for every company they invest in https://ark-invest.com/category/portfolio-construction/

idk /smg/ is smart about a lot of things
like everyone here always says TA is shit which goes against all the youtube shill retards

guess i just dont expect this from a 4chan board

>>23507615
trading is 80% FA 20% TA, without TA it's just investing because you never have a strategy to buy or sell

>>23507571
Is 2018 when people invested in the Canadian market. This is 2021 in the American Market. There are huge factors that differentiate the two markets but long story short: canada had no distribution and no licenses to prevent over saturation of the market.

SPY 355 this week

>>23507579
Ah. You are one of those:
>I dont know how to invest stocks
>Asks /biz/ what to do
>REEEEE you don't like what I like REEEEE

>>23507336
>seek another term
>80yrs old

>>23507615
all TA can tell you is where buyers and sellers *were*, not where they will be next.

observing the options market will tell you more about the direction a security is heading.

>>23507615
TA is mostly snake oil but I do use moving averages as a sell signal. Most of my portfolio is in 3x leveraged ETFs but if/when their underlying index dips below the 200 daily moving average I will sell. Volatility is the enemy of these things and when the market is in a downturn volatility tends to be sky high killing gains. The 200 daily SMA is a good objective indicator for this. I sell when under and buy back in when we go above. Other than that I don't use TA for anything

>>23507651
i would heem you into last month if i saw you on the street. you are nothing.

>>23507662
but then there also are people who say "buy if under 200 SMA"
idk

>>23507450
>all in on ARKK
>active management
>that expense ratio
If you truly believe ARKK can deliver significant above average returns, not only versus the index it tracks, but to a broad market index, over the long term(20+yrs) then go for it.

When Trump wins, won’t Cannibas stocks take a hit?

Reminder I would heem the twink heem poster

>>23507716
>but then there also are people who say "buy if under 200 SMA"
This is true. The old "buy low sell high". The question becomes what is low and what is high. My problem with the idea is you are going against the trend and trying to beat the overall market, something that is fiendishly difficult. My take on trading is to go with the market just multiply its returns with leverage. So if the market is going up I want to be in. If it's down, I want to be out.
My strategy is also based on a paper that backtested the idea of selling below the 200 day and buying above it with 3x leverage going back to 1928 and it obliterates the S&P returns and even obliterates the simulated returns of a 3x leveraged hold of SPXL/UPRO going back the same amount of years. I haven't seen any buy low/sell high strategies going back like that and as systematic with nearly the returns.
Paper here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2741701

GME HURRY UP AND SQUEEZE I WANTED TO GO INTO NOKIA BEFORE THEIR NEXT EARNINGS REPORT FFS

but what if i sell covered calls on my stocks

and then the call gets exercised

then my nice stocks are gone?

yeah ok will do some reading

>>23507773
no, you would not

What apps do you guys use to day trade?

>>23507826
webull cash account, do actual investments on ToS

>>23507826
investing.com app for price alerts
doesnt work for afterhours movements though

>>23507807
what do you rotate into?

>>23507462
if you're white you have a job anyway

>>23507817
>but what if i sell covered calls on my stocks
>
>and then the call gets exercised
Here's how I do it. I have 1000 shares of SOXL in this particular account (more in others but whatever). Every month on the first Monday after the previous expiration I sell 10 calls on my SOXL usually about $100 out of the money netting me between 5 and 10k. I take the money I earn from this and buy leap calls on SPXL or TQQQ. Then I sell calls against the leaps. I take the premium from that and buy FNGU. When the account gets too big I send money elsewhere to other accounts.
Should the day come when SOXL moves up $100 in a single month I will just buy the calls back and sell them an additional $100 out of the money the next month. Note that if SOXL moves up $100 in a month I've made 100k. If it does it 2 months in a row I've made 200k. Even if I lose my shares (never happened) the consolation prize is 200k dollars. Also if SOXL is moving up then my SPXL/TQQQ leaps and FNGU are also making gains offsetting any theoretical losses in the options rolling process. Should SOXL take a fat shit to where its underlying SOXX drops under the 200 day moving average I will sell everything and then sell puts on SOXL and keep the premium train rolling until the market rights itself.
>>23507872
The paper has you rotating into short term treasuries. I might substitute TMF

>>23506601
VOO is slightly cheaper because its expense ratio is lower, and it's generally considered to do slightly better than SPY. Keyword here being slightly, they both track the S&P500 closely. The flip side is that the volume's lower, so the liquidity's not as good, but that's not relevant for any sane retail investor who's holding.

>>23507871
>>23507869
I'm new to investing, is robinhood a good app to start? I heard they scammed some people by freezing their sells

>>23507923
im not american but i heard TD Ameritrade was much better and also has $0 commission

i wish i had TDA

>>23506651
Go read Liar's Poker. Bonds are where all the real money is made by the big boys.

>>23507923
My ex gf works for Robinhood and I have a personal rule to not use brokers that employ cheating whores

>>23507923
fidelity. It ay take longer to get approved but it's the best one hands down. Fidelity even opened fraction share buying to compete with Robinhood. Robinhood also throws confetti in your face giving you a psychological effect to impulse you to spend more. It's literally a scam to take zoomers for all their cash.

>>23507904
thanks, mind = blown
do you do this full time then?

>>23507188
>based
ETF's are only good if you can invest 10X the buying price.

>>23507936
>Go read
no

>>23506735
Don't throw a single dime into the market until you have an emergency fund saved up (at least three months of living expenses, six is probably better), and even then, stick to Boomer large cap ETFs until you understand what you're doing.

>>23507933
>>23507942
>>23507950
Are fractional shares worth it?

>>23507904
>TMF
based you got me all in. My boomer plan after hitting 6 figures was to go 60/40 TQQQ/TMF anyway so this will do nicely

>>23507976
>do you do this full time then?
Yeah pretty much. Confirmed NEET. I wrote a bitcoin bot in Python a few years ago that generated my seed money and still makes a pretty good lick. You can see it in the pic. So I bot trade shitcoins, swing trade Bitcoin, trade futures (also in pic), and swing/day trade stocks. My options stuff is based on the leveraged ETFs but I also have a system where I trade big drops/spikes on high volatility stocks like TSLA and penny stocks on the open. Some stocks like HUYA are good swing trades too so i dabble in that. The terminal in the lower left is where I keep a lot of my alerts. If something like bitcoin or futures goes off in the middle of the night my computer alerts me immediately and I wake up to deal with it. Get alerts on my phone too so I can VNC in if necessary. It's a lifestyle but I like it.

>>23507699
oh shit it's you heembro. It's me Cannabro! How's the deadlifting? Remember that your only 19 once, go invest your money into cannastocks so you can get high knowing that your stocks are not only invested in green; but going green while the rest of the market goes red with jealousy on the fact that you are high on their loss.

>>23508019
>Are fractional shares worth it?
if you're in the situation where you have to ask that
ask yourself why you aren't just focusing on your dayjob and DCAing more money into your portfolio until it's worth while to even do DD into individual companies
imagine reading hours of DD into a company so you can get +20% gains on $50

find a way to budget your paycheck into investing.
also make sure you understand the difference between investing vs speculating/gambling

it's fine to have just 3-figures for now if you're starting to learn, ideally low 4-figures so you actually take risk management seriously (or whatever the amount is that will hurt you if you fuck up, experience is the best teacher)

i never made another FOMO mistake again after my first FOMO mistake

>>23506145
how was your nap

>>23507904
>sell calls
>soxl goes up $100 in a month
>buy the calls back
>still make $100k
what is your net $ return on this? can you provide a calculation?
>sell them an additional $100 OTM the next month
have you always these filled?

Where are the AMD millionaires?

>>23508149
filing taxes

>>23508097
>sk yourself why you aren't just focusing on your dayjob and DCAing
this. focus on acquiring a skill set to move up in your job/career

>>23508091
does the bot also just use the 200 period strategy you were talking about before?

>>23508091
yeah i can see that. good stuff, sounds like you're becoming a millionaire or something

i just try to make some gains after my work day, need a different approach i guess

>>23508097
Not him but if you can earn 20% on 50 I'd be happy. That's where I'm at. I have a job and plan to start investing 200~500 twice a month but small gains are better than no gains.

>>23507430

I will /heem/ the fuck out of you pondexter

>>23507823
You couldn’t even pierce my impenetrable armour you fucking twink

>>23508266
kek

Why does no one ever talk about CFDs?

>>23508145
>>sell them an additional $100 OTM the next month
>have you always these filled?
I've never had a problem. In pic related you can see the December 18th calls that are currently $100 out of the money have a decent spread and all the liquidity I need. I usually sell the midpoint between the bid and ask. Occasionally I have to move my sell a little lower but it's not a big deal.
>what is your net $ return on this? can you provide a calculation?
Things have been so crazy lately I've been making about 25k a month on just the option stuff including buying the leaps and FNGU. SOXL itself appreciating has added to that. Suffice it to say the strategy works extremely well in a bull market but we'll see how things go.
>>23508197
>does the bot also just use the 200 period strategy you were talking about before?
The crypto bot looks for mistakes like fat finger drops and the like. Say a coin is moving along at a typical price for months then all in one shot drops 80% (this happens) I will throw a buy in. I get more of them in than you'd think and I have a scanner that watches every coin on a dozen exchanges at once. I have 4 other strategies but they work very well so I keep them close to the chest. The bitcoin swing trading is manual for the most part since it doesn't happen often enough to be worth automating.
>>23508205
I do alright. Good luck to you, anon

>>23508312
Tell us about them anon

Anyone else majority on the sidelines until after the election? Or is “election volatility” talked about so much it’s already priced in and we’ll see minimal movement regardless who wins?

>>23508214
>Not him but if you can earn 20% on 50 I'd be happy.
for every pick i was confident enough to put money in, i'd probably have looked at it for more than a few hours before committing the money, then i'd probably commit some more time babysitting it as i average up on it
$10 for that is not worth it

i want to get to 6-figures and not have to work anymore just writing options in my TFSA, 6-figures should be enough to *consistently* make more than min wage monthly

>>23508312
because they are a scam for people who want to throw their money away, as 93% or so of CFD "traders" do

>>23508384
How are they a scam?

>>23508312
We have a like two people trading CFDs from what I've seen (including me to an extent), but CFDs are as far as I know illegal in america so that's probably why

>>23508403
>illegal in america so that's probably why
bingo

Newfag here. Is it safer for me to buy a couple RKT calls on Monday or should I just buy shares. Im anticipating a decent run up to earning on the 10th

>>23508403
Oh, right.

>>23508353
no reason you should write OTM puts with your cash anyways to take advantage of the volatility
someone will be buying them and i dont understand
someone will pay you almost $100 for 1x 11/06 70p on AMD for example
+1.4% on your cash for very minimal risk

obviously if you don't understand the DD on AMD, don't do this. Do it on something else you'd be comfortable or happy for snatching at a low price if it somehow executes

>>23508467
*no reason you shouldnt write OTM puts

>>23508353
cash = trash

>>23508520
??????

>>23508428
priced in
buy puts

>>23508328
>all the liquidity I need
>open interest 0
>volume 0
am i missing something?

>>23508527
He said Cash = Trash

>>23508399
not actually the leverage just fucks retail traders
and institutionals obviously don't use it, the broker creates the quotes, while they are similar to market quotes they are not traded on an actual market but you always bet against the broker. the only way the broker does that is because he wins mostly

>>23508527

cash is inherently bearish (inflation), stocks are inherently bullish (risk premium), therefore I put statistics on my side and hold

>>23508562
>Cash = Trash
why?

>>23508527
Cash equals trash

>>23508527
cash is trash
inflation

NEW >_<

>>23508603


>>23508603


>>23508603


>>23508603

>>23508587
>>23508583
>>23508580
yes goy we've to get rid of cash hehe

we need a single digital currency hehe

>>23507753
Definitely

Where are my SPAQ chads at, who's hyped for Fisker acquisition?

>>23508559
I'm selling so look at the bid in the pic. If I were trying to unload 10 calls right now I would get filled instantly and walk away with $10,500 in premium. What I'd really do is use the mark price which is 11.60 and almost certainly get filled instantly and get my $11,600. Using the greeks it's not hard to calculate the fair price of the option but that's usually not necessary as the mark price is about right. Algorithms do the filling most of the time too.

>>23508611
that's not what he's saying at all you're even more retarded than me and I'm pretty fucking retarded

>>23507993
Don't worry anon, as I said previously I will have a safety fund in case shit happens IRL. Thanks for your concern.

>>23508611
>yes goy we've to get rid of cash hehe
>we need a single digital currency hehe
Then buy fucking gold you mongoloid

>>23508569
>market but you always bet against the broker. the only way the broker does that is because he wins mostly

No stimulus guys.

Bobo Time.

Fondle your profits away BULLS>

>>23509093
the market isn't retarded
everyone knows chances for stimulus were slim

>>23506090

Just wanted to inform anybody that sees this, that this link was also posted to stocktwits NAK discussion. It is a reprint of old news from May of this year. Not sure why it's making the rounds now but it doesn't shed any new information on the current situation.