Losing over 20 to 30k a day in my stocks.

[JustFillIt]

Costco’s earnings call is today. I don’t care if the market is blood red today I am going to bet on green with Costco.

I will hold a few thousand of Costco until either tomorrow around 1pm or maybe mid next week.. have not made up my mind yet.

My corona virus stock picks: Netflix, zoom, Costco, 3M, Inovio, maybe video game stocks like Nintendo .

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[LivingMyBestLife]

I made a huge mistake last Wednesday. I had made a ton of money when the sp500 was at a new high. I could have paid off all my debt and moved on in life. However, I got greedy and stayed in stocks. As of today my losses are well over 100k and see myself working at Walgreens with overtime in the near future. Anyone else in this predicament?

Dude you realize when you put money into the Global Online Casino that there is a risk you could lose your money, right? Casinos may have higher costs but the Stock Market is not much better. Past performance does not support future performance. It hasn't even fallen yet. Wait till SP500 hits 1,200 then we are talking.

 

[babybull]

Dude you realize when you put money into the Global Online Casino that there is a risk you could lose your money, right? Casinos may have higher costs but the Stock Market is not much better. Past performance does not support future performance. It hasn't even fallen yet. Wait till SP500 hits 1,200 then we are talking.

dah man! bold

 

[LivingMyBestLife]

dah man! bold

Ha I keep all my assets liquid. Also I am part of a religion that does not allow gambling so I am unable to participate in the Stock Market even if i wanted to. IMO "investing" money into the stock market is motivated by a desire to get something for nothing. This desire is mentally destructive. It leads participants away from feelings of love and service and toward the selfishness of the adversary. It undermines the virtues of work and thrift and the desire to give honest effort in all we do. Peolpe that participate in the stock market via 401k or direct buyins soon discover the deception in the idea that they can give little or nothing and receive something of value in return.

I wish everyone that bet money in the stock market good luck but just like at a casino, don't bet more than you can afford to lose!

 

[owlegrad]

soon discover the deception in the idea that they can give little or nothing and receive something of value in return.

have you been watching Fullmetal alchemist?

 

[LivingMyBestLife]

have you been watching Fullmetal alchemist?

I have seen a large amount of Anime in my time friend. I have only seen a few episodes of that one (Full Metal Alchemist) with the tin man and the red robe man. I didn't like it that much so I didn't watch much of it. So my answer is no. Last anime i enjoyed was Goblin Slayer which was very enjoyable.

 

[PharmDBro2017]

Ha I keep all my assets liquid. Also I am part of a religion that does not allow gambling so I am unable to participate in the Stock Market even if i wanted to. IMO "investing" money into the stock market is motivated by a desire to get something for nothing. This desire is mentally destructive. It leads participants away from feelings of love and service and toward the selfishness of the adversary. It undermines the virtues of work and thrift and the desire to give honest effort in all we do. Peolpe that participate in the stock market via 401k or direct buyins soon discover the deception in the idea that they can give little or nothing and receive something of value in return.

I wish everyone that bet money in the stock market good luck but just like at a casino, don't bet more than you can afford to lose!

 

[Momus]

have you been watching Fullmetal alchemist?

Steins Gate is a must watch.

 

[johnpharm01]

Ha I keep all my assets liquid. Also I am part of a religion that does not allow gambling so I am unable to participate in th..

What motivates me is financial security that, one day, I will be able to retire and I don't have take a final sick day on the day I die. I am as thrifty as anyone, in fact I can pinch a penny into a manhole cover. I pick up lost change from the street. Truth is if you don't invest it will be hard to retire even pharmacists don't make enough just to save. I honestly feel sorry for you because unless you have other resources your life is going to be unnecessarily difficult for you.

I have worked with pharmacists who have made bad investments and had to work later in life. Just invest wisely stay away from pork bellies, invest in multiple industries, invest in bonds and stocks, hold for 5+ years. Let your money work for you.

 

[confettiflyer]

Ha I keep all my assets liquid. Also I am part of a religion that does not allow gambling so I am unable to participate in the Stock Market even if i wanted to. IMO "investing" money into the stock market is motivated by a desire to get something for nothing. This desire is mentally destructive. It leads participants away from feelings of love and service and toward the selfishness of the adversary. It undermines the virtues of work and thrift and the desire to give honest effort in all we do. Peolpe that participate in the stock market via 401k or direct buyins soon discover the deception in the idea that they can give little or nothing and receive something of value in return.

I wish everyone that bet money in the stock market good luck but just like at a casino, don't bet more than you can afford to lose!

lol

I got a spare tin foil hat somewhere


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[Momus]

Peter Lynch on Market timing

“People spend all this time trying to figure out “What time of the year should I make an investment? When should I invest?” And it’s such a waste of time. It’s so futile. I did a great study, it’s an amazing exercise.

In the 30 years, 1965 to 1995, if you had invested a thousand dollars, you had incredible good luck, you invested at the low of the year, you picked the low day of the year, you put your thousand dollars in, your return would have been 11.7% compounded.

Now some poor unlucky soul, the Jackie Gleason of the world, put in the high of the year. He or she picked the high of the year; put their thousand dollars in at the peak every single time, miserable record, 30 years in a row, picked the high of the year. Their return was 10.6%. That’s the only difference between the high of the year and the low of the year.

Some other person put in the first day of the year, their return was 11%. I mean the odds of that are very little, but people spend an unbelievable amount of mental energy trying to pick what the market’s going to do, what time of the year to buy it. It’s just not worth it.”

Excellent timing returned 11.7%. Lousy timing gave 10.6% and disciplined investing provided 11%. Always keep this in mind and stay the course.

For the record, just the last 5 years of S&P 500 returns a cumulative of 62.28% or 12.45%/year. If you brag you have a ton of cash, you are the one missing out. We are all still up, way fu3king up. Invest when you have money, stay the course, ignore the news.

 

[mentos]

lol

I got a spare tin foil hat somewhere


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We all know who this "modest" guy is.

 

[confettiflyer]

Peter Lynch on Market timing


For the record, just the last 5 years of S&P 500 returns a cumulative of 62.28% or 12.45%/year. If you brag you have a ton of cash, you are the one missing out. We are all still up, way fu3king up. Invest when you have money, stay the course, ignore the news.

Lol he’s a troll it’s pretty obvious


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[babybull]

I have lost the current news/market rhythm so I have no more short predictions.

I hate to toot my own horn (and be so bold as to quote my own post) but damn... Beep beep!

I called that cycle pretty well and it was sufficiently ahead of time. I made a nice chunk of change from that. This prediction puts the “chart guy” to Shame.

there is a reason that when i said we havent hit bottom, it was without hesitation.

hows your costco stock?

 

[wagrxm2000]

there is a reason that when i said we havent hit bottom, it was without hesitation.

hows your costco stock?

You ready to show your loses from last year?

 

[JustFillIt]

there is a reason that when i said we havent hit bottom, it was without hesitation.

hows your costco stock?

Holding

 

[PharmtoCS]

XLE has been beaten down and is yielding 7.55%. I have not seen an individual stock, let alone an ETF yield that much in a while.

This post did not age well...so far.

 

[HandsomeVampire]

What happen to iGOV today?

 

[JustFillIt]

there is a reason that when i said we havent hit bottom, it was without hesitation.

hows your costco stock?

Just curious - do you think your like the wolf of wall street or something?

First you started talking like you were Gandalf foretelling the future - then you shifted gears to a wolf of Wall Street character.

Too much TV...

Btw - I still hold to the idea that the bottom is somewhere around 17k-19k.. However I acknowledge the fact that I am likely wrong..

 

[mentos]

I was going to roll over my old 401k a couple weeks ago but I was afraid I'd miss out on gains while the funds sat LMAO! That would have been the best market timing ever if my old 401k was sold off last month.

 

[LivingMyBestLife]

Peter Lynch on Market timing


For the record, just the last 5 years of S&P 500 returns a cumulative of 62.28% or 12.45%/year. If you brag you have a ton of cash, you are the one missing out. We are all still up, way fu3king up. Invest when you have money, stay the course, ignore the news.

“Truth is if you don't invest it will be hard to retire even pharmacists don't make enough just to save. I honestly feel sorry for you because unless you have other resources your life is going to be unnecessarily difficult for you.”

I think you are not using the word “invest” the same way I would. When you say “invest [in the stock market]” I see “place a wage via the Global Casino on a Corporation that I think will do well in the future based on my limited understanding of that corporation interworkings and a nearly unpredictable demand for that corporations goods and services”

If you save money you will have more than enough but you may have to reconsider how you define the words “money” and “home” and “quality of living”.

“For the record, just the last 5 years of S&P 500 returns a cumulative of 62.28% or 12.45%/year. If you brag you have a ton of cash, you are the one missing out. We are all still up, way fu3king up. Invest when you have money, stay the course, ignore the news.”

While past performance may be the best indicator of future performance, it is in no way a guarantee of future performance. That is why the “stock market” is actually a Global Casino that has been rebranded as a “solid, investment opportunity” by the media and even our own government to a certain extent. Gambling via the Stock Market has been normalized and even institutionalized in today’s America.

If you place a wager via the Global Casino you have no idea if that wager will be successful whereas if I work a 12 hour shift I have a guarantee that I will be compensated financially for that work. Instead of trying to get rich quick and make easy money from nothing I would rather work an extra 2 hours everyday instead of placing money on a bet that may earn me the same money as working an extra 2 hours everyday or could jeopardize my financial wellbeing. Gambling in any form is immoral and wrong. I will not speculate on the value of assets whos real value is based on free market gamblers who greedily speculate on future company earnings and sometimes manipulate stocks via pump and dump schemes and false news.

I recommend that everyone avoid the Global Casino and spend money with thrift. Gambling can be addictive and can be a massive source of wasted time (Checking your stocks) and anxiety (having zero control of the stocks going up or down).

If you own assets in the Stockmarket I strongly recommend liquefying them and investing the money in more stable forms of wealth holdings. I know in 10 years Uber will be bankrupt while I remain solvent.

 

[LivingMyBestLife]

there is a reason that when i said we havent hit bottom, it was without hesitation.

hows your costco stock?

We have a long way to go still on the way down. I i'm thinking SP500 easily at sub 2,000 by the end of the month. I feel really bad for all the gamblers who have to worry about their money while all my money is not in some get-rich-quick scheme. You can't get something for nothing people.

 

[wagrxm2000]

We have a long way to go still on the way down. I i'm thinking SP500 easily at sub 2,000 by the end of the month. I feel really bad for all the gamblers who have to worry about their money while all my money is not in some get-rich-quick scheme. You can't get something for nothing people.

Gambling?

Get rich quick scheme?

What the heck are you talking about?

The math is simple and not a get rich quick scheme. $20k a year for 40 years at an extremely reasonable 5% is 2.5 million

In the bank it's $800k.

 

[TheBlaah]

I assumed he had no money to gamble with in the first place.

 

[Sine Cura]

The assumptions underlying a cushy retirement-account-fueled retirement are crumbling in real time and don't even apply anyway for a vast majority of people.

 

[mentos]

The assumptions underlying a cushy retirement-account-fueled retirement are crumbling in real time and don't even apply anyway for a vast majority of people.

Overall, people are still ahead right? Assuming they've been in the market for a few years.

 

[confettiflyer]

“Truth is if you don't invest it will be hard to retire even pharmacists don't make enough just to save. I honestly feel sorry for you because unless you have other resources your life is going to be unnecessarily difficult for you.”

I think you are not using the word “invest” the same way I would. When you say “invest [in the stock market]” I see “place a wage via the Global Casino on a Corporation that I think will do well in the future based on my limited understanding of that corporation interworkings and a nearly unpredictable demand for that corporations goods and services”

If you save money you will have more than enough but you may have to reconsider how you define the words “money” and “home” and “quality of living”.

“For the record, just the last 5 years of S&P 500 returns a cumulative of 62.28% or 12.45%/year. If you brag you have a ton of cash, you are the one missing out. We are all still up, way fu3king up. Invest when you have money, stay the course, ignore the news.”

While past performance may be the best indicator of future performance, it is in no way a guarantee of future performance. That is why the “stock market” is actually a Global Casino that has been rebranded as a “solid, investment opportunity” by the media and even our own government to a certain extent. Gambling via the Stock Market has been normalized and even institutionalized in today’s America.

If you place a wager via the Global Casino you have no idea if that wager will be successful whereas if I work a 12 hour shift I have a guarantee that I will be compensated financially for that work. Instead of trying to get rich quick and make easy money from nothing I would rather work an extra 2 hours everyday instead of placing money on a bet that may earn me the same money as working an extra 2 hours everyday or could jeopardize my financial wellbeing. Gambling in any form is immoral and wrong. I will not speculate on the value of assets whos real value is based on free market gamblers who greedily speculate on future company earnings and sometimes manipulate stocks via pump and dump schemes and false news.

I recommend that everyone avoid the Global Casino and spend money with thrift. Gambling can be addictive and can be a massive source of wasted time (Checking your stocks) and anxiety (having zero control of the stocks going up or down).

If you own assets in the Stockmarket I strongly recommend liquefying them and investing the money in more stable forms of wealth holdings. I know in 10 years Uber will be bankrupt while I remain solvent.

This is the dumbest **** I’ve read in a long time. Lololol


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[mentos]

This is the dumbest **** I’ve read in a long time. Lololol


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It is modest anteater, after all.

 

[PharmDminus]

“Truth is if you don't invest it will be hard to retire even pharmacists don't make enough just to save. I honestly feel sorry for you because unless you have other resources your life is going to be unnecessarily difficult for you.”

I think you are not using the word “invest” the same way I would. When you say “invest [in the stock market]” I see “place a wage via the Global Casino on a Corporation that I think will do well in the future based on my limited understanding of that corporation interworkings and a nearly unpredictable demand for that corporations goods and services”

If you save money you will have more than enough but you may have to reconsider how you define the words “money” and “home” and “quality of living”.

“For the record, just the last 5 years of S&P 500 returns a cumulative of 62.28% or 12.45%/year. If you brag you have a ton of cash, you are the one missing out. We are all still up, way fu3king up. Invest when you have money, stay the course, ignore the news.”

While past performance may be the best indicator of future performance, it is in no way a guarantee of future performance. That is why the “stock market” is actually a Global Casino that has been rebranded as a “solid, investment opportunity” by the media and even our own government to a certain extent. Gambling via the Stock Market has been normalized and even institutionalized in today’s America.

If you place a wager via the Global Casino you have no idea if that wager will be successful whereas if I work a 12 hour shift I have a guarantee that I will be compensated financially for that work. Instead of trying to get rich quick and make easy money from nothing I would rather work an extra 2 hours everyday instead of placing money on a bet that may earn me the same money as working an extra 2 hours everyday or could jeopardize my financial wellbeing. Gambling in any form is immoral and wrong. I will not speculate on the value of assets whos real value is based on free market gamblers who greedily speculate on future company earnings and sometimes manipulate stocks via pump and dump schemes and false news.

I recommend that everyone avoid the Global Casino and spend money with thrift. Gambling can be addictive and can be a massive source of wasted time (Checking your stocks) and anxiety (having zero control of the stocks going up or down).

If you own assets in the Stockmarket I strongly recommend liquefying them and investing the money in more stable forms of wealth holdings. I know in 10 years Uber will be bankrupt while I remain solvent.

investing in the stock market is not a zero-sum game, hence it is not gambling, it is investing. By working your shift and putting the money into a CD or money market account you are risking losing money due to inflation. By your logic, it is gambling. Remember, we live in a country who’s government can print as much money as they want, thus eroding your savings to pennies on the dollar.

 

[confettiflyer]

investing in the stock market is not a zero-sum game, hence it is not gambling, it is investing. By working your shift and putting the money into a CD or money market account you are risking losing money due to inflation. By your logic, it is gambling. Remember, we live in a country who’s government can print as much money as they want, thus eroding your savings to pennies on the dollar.

Some people are too dumb to understand inflation. Tooooooo dumb. Oh well.


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[owlegrad]

Some people are too dumb to understand inflation. Tooooooo dumb. Oh well.


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To be fair a $5 bill will always be worth $5.

I bet you feel really dumb now.

 

[MilknCheerios]

The math is simple and not a get rich quick scheme. $20k a year for 40 years at an extremely reasonable 5% is 2.5 million

In the bank it's $800k.

So, is there any reason to keep money in a savings account at all? Hypothetically, let's assume I have 100k in there, but I plan to buy a house without a mortgage in a few years. Wouldn't it make more sense to keep it in the savings account as opposed to the current market?

This is an actual question as I'm not an investor (but I hope to learn eventually)

 

[mentos]

So, is there any reason to keep money in a savings account at all? Hypothetically, let's assume I have 100k in there, but I plan to buy a house without a mortgage in a few years. Wouldn't it make more sense to keep it in the savings account as opposed to the current market?

This is an actual question as I'm not an investor (but I hope to learn eventually)

Yes you need some liquid cash in case of emergency. You might get laid off, have a bad auto accident and get a huge ER bill. If you own a house, your roof might need to be replaced etc. Lots of things to wrong when owning a home.

 

[PharmtoCS]

So, is there any reason to keep money in a savings account at all? Hypothetically, let's assume I have 100k in there, but I plan to buy a house without a mortgage in a few years. Wouldn't it make more sense to keep it in the savings account as opposed to the current market?

This is an actual question as I'm not an investor (but I hope to learn eventually)

Yes you need some liquid cash in case of emergency. You might get laid off, have a bad auto accident and get a huge ER bill. If you own a house, your roof might need to be replaced etc. Lots of things to wrong when owning a home.

Agreed, anyone who practices as a pharmacist should know this by now given our poor job security. Then there is COVID-19 which could put a bunch of us out of work.

 

[confettiflyer]

To be fair a $5 bill will always be worth $5.

I bet you feel really dumb now.

But a $5 bill can’t buy $5 worth of present stuff in 30 years, which is the point of money (to buy stuff).


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[confettiflyer]

So, is there any reason to keep money in a savings account at all? Hypothetically, let's assume I have 100k in there, but I plan to buy a house without a mortgage in a few years. Wouldn't it make more sense to keep it in the savings account as opposed to the current market?

This is an actual question as I'm not an investor (but I hope to learn eventually)

If you have a need to use cash in the next 2-3 years, a savings account is appropriate in any market.


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[findoc]

So, is there any reason to keep money in a savings account at all? Hypothetically, let's assume I have 100k in there, but I plan to buy a house without a mortgage in a few years. Wouldn't it make more sense to keep it in the savings account as opposed to the current market?

This is an actual question as I'm not an investor (but I hope to learn eventually)

There's a trade-off between growth and preservation of wealth. The stock market offers opportunity for growth but at the cost of being exposed to risk (fluctuations in price). The greater the risk, the greater the potential return.

If it helps, you can think of it in terms of statistics. Returns generally follow a normal distribution, which means the return in any given year will fall somewhere along that curve. Some years will be great, others will be bad. However, over the long-term, your average return will eventually converge with the mean of that distribution.

If you need the money in just a few years, it might not makes sense to invest in the stock market right now. Along the spectrum, you fall more on the side of wealth preservation, and you are probably better off in short-term government bonds, a money-market fund, or simply a savings account.

Across asset classes (like govt bonds, corporate bonds, stocks, etc.), it is generally the case that greater risk equals greater opportunity for return. Think of it this way. Investors must be enticed to invest in riskier asset classes, and so the riskier assets trade at a discounted price such that their expected future return is higher. In statistical terms, riskier asset classes have both a greater mean return and a greater standard deviation of returns.