Boiler Room: The Official Stock Market Discussion

murksiderock

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@murksiderock

It also depends on what your goal is

Is it for a relatively quick payday or are u in for the long haul?

You can gamble on crypto or penny stocks if u dont have much and want a quick come up...or if u want to be safe and slowly invest then target well known companies that give solid dividends and just chill

I really want something to start building towards long term wealth, that's why I was thinking these car companies because I read that you should invest in things you have an interest in (or restaurants)...

Crypto, I can already sense it's a bit of a gamble but if I keep track on the trends I can sell at the right moments, is what it looks like. Don't know if I should buy too much crypto but I'm thinking of buying at least one or two more and watching how it plays out...

In that game, would you say watching it for a few days or weeks, in regards to when is good or bad to sell? I don't want to have a trigger finger and sell too soon..
 

NkrumahWasRight Is Wrong

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I really want something to start building towards long term wealth, that's why I was thinking these car companies because I read that you should invest in things you have an interest in (or restaurants)...

Crypto, I can already sense it's a bit of a gamble but if I keep track on the trends I can sell at the right moments, is what it looks like. Don't know if I should buy too much crypto but I'm thinking of buying at least one or two more and watching how it plays out...

In that game, would you say watching it for a few days or weeks, in regards to when is good or bad to sell? I don't want to have a trigger finger and sell too soon..

:yeshrug: this is a very tricky time to be giving advice in as its pretty much unprecedented. And its def unprecedented for crypto. I have no clue how that will play out. Hell, i woulda thought btc mighta gone up with the stocks crashing but people are clearly shook as fukk right now and are just hoarding cash.
 

winb83

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My intention is to never take out my initial investment.
Buffett paid an average of $2.50 per share (split-adjusted) for his Coca-Cola shares. This is reasonable given the trading range in late 1987 and 1988.

Coca-Cola pays $1.56 per share in annual dividends today. The dividend generates a 62% yield on Berkshire’s cost basis. Coca-Cola increases its dividend roughly 6% annually. The annual increases are pedestrian but powerful.

If Coca-Cola continues to increase its dividend 6% annually, Berkshire will receive $2.50 in annual per-share dividends by 2026. Berkshire will own an investment, Coca-Cola, that generates a 100% annual return (that will grow thereafter) in dividends alone in the next eight years.
Dividend Stock Investing: How Warren Buffett Gets 62% Yield

I never intend on taking this money out. I want it to grow and grow. Capital appreciation is irrelevent when every year you get back 60% of your initial investment in dividend payments.
 

NkrumahWasRight Is Wrong

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NkrumahWasRight Is Wrong

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You hold on to a good stock long enough and the dividend keeps getting raised maybe even a stock split and that's what happens.

True

Might be partially because of hindsight but it seems as if it was easier to pick winners back then. So many fukking companies to trade now and so much info/disinfo floating around with the internet

Of course every era has its losers but u know what i mean
 

winb83

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I have 19 positions 9 of them are down 20% or more.
Of those 3 are down between 40-45%
4 are down 32-33%
2 down 20-21%

Apple is still up 45% for me. It was up 85% weeks ago. Microsoft is up 12%. It was up like 56% weeks ago. Abbvie is up like 10% and was up 30% weeks ago. AT&T is up 2% and was up about 25% weeks ago. The rest of the portfolio is in the red.
 

drifter

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Dems/GOP working together on stimulus for next week the biggest reason we're up. I don't think we go red bc Thurs was such a big move down even after Fed dropping another 500 billion.

Might not be a bad idea to get into short term positions, between stimulus announcement and a big Fed cut on the 18th we should see sharp spikes.

And watch DIS, tested 4 year lows and bounced green in pre market even after closing parks.
 
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