Stock market people
I"m enjoying the ride. I'm buying again Monday. Every share is more money. I Think it will go to $500 a share this year.
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I made 5.06% on it after hours trading yesterday. It's up 10.47% after hours tonight. 0 -
You do realize that the NYSE is the world's second largest Ponzi scheme? (The largest is Social Security/Medicare.)Neal
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Except that with the stock market you can bet on the house - and let it ride. 3 -
Not so sure about the winners and losers. It’s not a zero sum game where there’s only a fixed amount of money that can be made. An expanding economy expands every necessary part of the economy. So if you put money in, say, Lowe’s hardware store and people start buying houses your stock goes up. If you invest in frivolous commodities then yeah, you’re gambling.
Entertainment, communications, high tech, personal fashion ... people will always spend for those. Buy stocks accordingly.
Perfect example, how’d you like to have bought QQQ in late March? I did.
https://www.zacks.com/etf/chart.php?t=QQQ&charttype=comparative
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the tech and virus companys are performing another round of pump and dump greedy people never make it out before the dump 0 -
They are all grossly over priced in my opinion, PE inflated above any reasonable amount. Apple had its day why pay more for a Apple product when I can buy a LG or other phone that does the same thing for soooooo much less. Fad buying should dry up when the Millenials realize Uncle Sam isn't going to support them. Robinhood App has brought many retail investors to the table regardless of how much is being made today I see a dark cloud on the horizon and will sit on cash earning next to nothing before I risk it all in the scheme. You used to look at a companies fundamentals when deciding to buy, today its the dream of riches with no regard to eventual profit 0 -
I agree completely.mogley98 said:They are all grossly over priced in my opinion, PE inflated above any reasonable amount. Apple had its day why pay more for a Apple product when I can buy a LG or other phone that does the same thing for soooooo much less. Fad buying should dry up when the Millenials realize Uncle Sam isn't going to support them. Robinhood App has brought many retail investors to the table regardless of how much is being made today I see a dark cloud on the horizon and will sit on cash earning next to nothing before I risk it all in the scheme. You used to look at a companies fundamentals when deciding to buy, today its the dream of riches with no regard to eventual profit
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Today's "grossly overpriced" is tomorrow's "bargain price". Certainly the numbers aren't supported by real world facts, but there are tools to let you work with the numbers as they are, not as they "should be".
Look at Trailing Stop Loss orders. Say you buy a stock for $20 then place a sell trailing stop loss order with a $1 trail value. While the stock value goes up, the sell order ratchets up too. Say it reaches $27 (the pump) then turns around (the dump). When it's dropped to $26 the order kicks in and sells.0 -
I played the market for years and like the lottery or slot machines there are lots of losers paying the few winners.
The best you can hope for is to get swept along on the winners' coat tails.
Just like gambling, set a limit the get out - greed is deadly.
I love the sell order. I decide how much is a fair profit and submit my sell order the quit worrying about.
Never forget the old rule of, buy low - sell high.
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It is not gambling.
It is not like the lottery, or slot machines or casinos, or the Irish Sweepstakes.
It is a structure whereby almost anyone can buy a portion of any publicly traded company based upon whatever criteria that person chooses to use, and to either hold onto that portion of that company or sell that portion of that company. Criteria can and do include dividend history, which will tell the buyer the kind of quarterly dividend they can expect to receive for their investment. It includes potential growth and increased valuation which should be a reasoned and logical look at what one believes to the be potential capital return on the investment. One can look at this from either a long term or short term standpoint. History tells us that the long term approach has been quite successful across the board, and is probably the best approach if you have a few decades to weather the ups and downs. In a volatile market such as we have been experiencing, particularly earlier this year, as short term approach can do well also.
The short term approach is closer to gambling, I guess, but if done in a deliberate and disciplined manner, one can minimize losses and maximize profits based upon a little research and attention to world events. The long term approach, while not guaranteed of course, will result in the growth of value at a much greater rate over time than virtually any other investment held for the same period.
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