Boiler Room: The Official Stock Market Discussion

[Skooby]

Because I read these three books. I suggest that you do the same.

Wealth building is 99% about behavior or discipline and 1% about financial wizardry or mathematics.


Day trading or picking stocks on the market is a stupid move because YOU can't, and nobody else can, beat the market. The mutual fund managers can't beat the market over a 10 year average, the hedge managers can't beat the market 10 year average, and the hot shot investors can't beat the market over a 10 year average.... except for a handful, and you already know all their names. Handful of people out of 7 billion humans on earth can beat the stock market. Good luck with those odds.


If you are building wealth for the long-term via investing, you can either get the market return or you can get less than the market return. Those are you only two options unless you have a time machine.


I have $15K IRA that play around with (no tax implications for daily trading), and even that is a stupid idea, which I justify by saying "it's for fun". Well $15K at the market return for 30 years is a lot of money, and it wouldn't be "fun" to lose all that money.

You mainly trade index funds and ETFs?

 

[Domingo Halliburton]

Because I read these three books. I suggest that you do the same.

Wealth building is 99% about behavior or discipline and 1% about financial wizardry or mathematics.


Day trading or picking stocks on the market is a stupid move because YOU can't, and nobody else can, beat the market. The mutual fund managers can't beat the market over a 10 year average, the hedge managers can't beat the market 10 year average, and the hot shot investors can't beat the market over a 10 year average.... except for a handful, and you already know all their names. Handful of people out of 7 billion humans on earth can beat the stock market. Good luck with those odds.


If you are building wealth for the long-term via investing, you can either get the market return or you can get less than the market return. Those are you only two options unless you have a time machine.


I have $15K IRA that play around with (no tax implications for daily trading), and even that is a stupid idea, which I justify by saying "it's for fun". Well $15K at the market return for 30 years is a lot of money, and it wouldn't be "fun" to lose all that money.

I own the third book (dry as hell btw). And i mostly agree with what youre saying. I recommend vanguard etfs all the time.

The only problem is, on average, there's a big drawdown on stocks every 7 years or so. So just staying long fukks you.

 

[Futuristic Eskimo]

Italy

 

[levitate]

What if I told you that the market is down nearly 10% from its high, reached over four months ago???

 

[mson]

 

[88m3]

Italy

:nooooo:

 

[Perfectson]

I own the third book (dry as hell btw). And i mostly agree with what youre saying. I recommend vanguard etfs all the time.

The only problem is, on average, there's a big drawdown on stocks every 7 years or so. So just staying long fukks you.

Why are you in vanguards ETFs and not the funds? Always curious on if people understand the difference in using one vs the other

 

[Perfectson]

Amzn is on a tear

 

[Domingo Halliburton]

Why are you in vanguards ETFs and not the funds? Always curious on if people understand the difference in using one vs the other

They are pretty similar. Almost all their funds have a corresponding ETF. I just thought the etf was more accessible and trades throughout the day. That's why i mentioned them. I thought their funds would need a higher initial deposit but it's not much. Only like $3,000.

Respective of all of this, if your company matches on your 401k you should max that out first.

 

[Domingo Halliburton]

I honestly didnt realize how big Italy's economy is.

I was about to to trash my paisans in here..

Still, this shyt has been going on for a decade at least. .get your shyt together, europe.

 

[Domingo Halliburton]

Asia rebounding with our big Wednesday. Futures flat here.

RTY and AMZN hit all time highs.


They need to condense these forums...HL is dead as hell by the way.

 

[Domingo Halliburton]

@ADevilYouKhow

Where the white women at?

 

[ADevilYouKhow]

@ADevilYouKhow

Where the white women at?

Depends on the time zone but usually on their knees.

 

[ADevilYouKhow]

6 certs should probably get folded back into hl. Most of their threads on the first page are at least 20 days old.

 

[88m3]

I thought the trade war was over?