Investing / Trading / Money Talk

[DamshaBua 48]

We need a thread for discussing market news, what we're doing with our cash.

 

Just out of curiosity, who here is following the very public kerfuffle between the institutional/professional Wall Street folks and the WSB folks at Redit (https://www.reddit.com/r/wallstreetbets/)?

[ELDER06 248]

I work in finance, but I’m in Fixed Income so I don’t follow specific stocks too closely. However, I’m familiar with this story and I will say, these Redditors are playing a dangerous game. You’re pissing off the people who basically control our govt agencies and politicians. What they’re doing might technically not be illegal, but that doesn’t mean these Hedge Fund guys can’t find other ways to make your life hell. Imagine being audited every 3 months or having your laptop taken by the SEC for an indefinite period of time for “investigation.”

[TheRizz 5]

I work in finance, but I’m in Fixed Income so I don’t follow specific stocks too closely. However, I’m familiar with this story and I will say, these Redditors are playing a dangerous game. You’re pissing off the people who basically control our govt agencies and politicians. What they’re doing might technically not be illegal, but that doesn’t mean these Hedge Fund guys can’t find other ways to make your life hell. Imagine being audited every 3 months or having your laptop taken by the SEC for an indefinite period of time for “investigation.”

 

It’s never been about right vs left

 

It’s always been elites vs everyone else

[echo88 74]

I work in finance, but I’m in Fixed Income so I don’t follow specific stocks too closely. However, I’m familiar with this story and I will say, these Redditors are playing a dangerous game. You’re pissing off the people who basically control our govt agencies and politicians. What they’re doing might technically not be illegal, but that doesn’t mean these Hedge Fund guys can’t find other ways to make your life hell. Imagine being audited every 3 months or having your laptop taken by the SEC for an indefinite period of time for “investigation.”

 

Except, unlike your profile with brokerage firms, reddit is anonymous. The mods made the WSB sub private yesterday, so the only recourse the elite have is to target the servers, which they have already done....conveniently in the name of "permitting hate speech" since arguments about legality are baseless.

Edited January 28, 2021 by echo88

[TheRizz 5]

How do people see everything that’s going on and still think the government deserves more power?

[Tenacious_ND 0]

all my money is in GME...

[Jim2Dokes 3]

Honestly, from my experience the best investments are solid etfs. Spy, Vanguard, ect. They are always consistent and you will make money on the dips and the highs. Some even have dividends, so you can auto reinvest for more free money being invested. This is not financial advice, just my experience seeing the market play out.

[ELDER06 248]

Honestly, from my experience the best investments are solid etfs. Spy, Vanguard, ect. They are always consistent and you will make money on the dips and the highs. Some even have dividends, so you can auto reinvest for more free money being invested. This is not financial advice, just my experience seeing the market play out.

 

Investing is supposed to be boring unless you have a lot of $ to throw around. Regular Joes shouldn’t invest to get rich, they should do it to supplement their current income.

[Jersey Irish 205]

Investing is supposed to be boring unless you have a lot of $ to throw around. Regular Joes shouldn’t invest to get rich, they should do it to supplement their current income.

 

Ain't that the truth!

[jimbo 377]

Investing is supposed to be boring unless you have a lot of $ to throw around. Regular Joes shouldn’t invest to get rich, they should do it to supplement their current income.

 

I tend to believe you invest for the long term to help build up a nest egg for the future. Take advantage of compounding and let those reinvested dividends ride.

Question for Elder, what do you consider 'a lot of dollars to throw around"?

[SpeedsterX 652]

2 words, Aphria/Tilray