Boiler Room: The Official Stock Market Discussion
. Soon folksit's probably not the end of the world if we just about consider this "the bottom"
i mean yeah, shyt might go lower but it cant be that much lower. right?
Long term? Yes. A handful of US companies have already withdrawn their max lines, Italy and Spain are "protecting" their financial system by stopping investors from shorting certain stocks, we'll keep seeing deaths and closures/quarantine measures affecting business.
Since it's a biological issue there's nothing they can do long term to stop the market besides curing the virus. There's talk this morning about a vaccine in Canada, cool, but we don't even have enough tests to find out who has it, not to mention it has to pass approval and mass produce it. The whole time the market will keep getting hit.
AldavisAlbundyAllah!
All Star
How would you go about it tho.
Freakonomics Ford episode got me to be a believer.
Its def a long play
You can sell if you so choose and buy MCD instead for 36 dollars a year.
Freakonomics Ford episode got me to be a believer.
Its def a long play
whats your top 5 dividend stocks
TBH I can't really speak on my entire Dividend port. My Port is still paying me through this recession, I'm God Tier. The shyt that I will speak on though, is MCD, F, EAT, CAKE, SCHWAB ETF, ect. I be trying to give nikkas the game but they won't listen. You can make money off the stock AND eat off the dividend in the meantime. I'mma eat and let them starve though. My main rule is if it's more than 10 years I don't fukk with it. F is probably the only exception. I be fukking with the high yields that everyone scared to touch. Half of my Div port is shyt 99% of nikkas don't know about unless they plugged in.
after you googled then
start a portfolio with
MMM
JNJ
PEP
T
PFE
WMT
CL
FL
LMT
go sign up M1 finance. it's the best platform by far. you don't even have to buy a full price of the share.
and you are all set. never have to worry about ups and downs of the market. just keep investing monthly and you will retire as a millionaire guarandamnteed.
and i would also look into CCL and WYNN. CCL got hammered by coronavirus. their yield is like 9-10%. higher volatility higher yield. it's the greatest bargain i've seen. buy CCL at all cost if it dips below $13. sell a house if it dips below $10. few more bad news will do it. it doesn't mater how bad things look companies like CCL will not go bankrupt and will get bailed out like ford. but unlike ford carnival is only 1 out of 3 players in the game. if they die, cruise industry dies. and that will not happen unless there's a virus 20 times stronger than this virus that comes every other year
NaijaProdigy Redux
Veteran
Lol market given back all the gains for the day
He's def on coke with that god tier shyt but I think he's right about EAT. It's around 2010 numbers
Althalucian
All Star
Trump gonna give a speech at 3pm. Another downer.
market should drop another 800 points
Stafford Act
OfTheCross
Veteran
Every single stock I picked last night is at green.
too bad I don't own any of them
OfTheCross
Veteran
market should drop another 800 points
I'm actually buying more F to lower my cost basis. It's a stock I'll keep until they either recover or go to bankruptcy. I've made my peace with it but at the same time unless you're willing to bet on what's likely losing odds you should stay away. I wouldn't recommend a new investor even bother.
I don't agree with how they wanna stop making regular cars and shift to only trucks and SUVs but I'm willing to give them a shot on their electric vehicle initiative.
Ford has the best selling vehicle in North America and they're still a shrinking company and they're failing in China. Overseas hasn't been doing too hot for them in general. Hackett's turnaround isn't working out for them so far.
only thing I'm buying right now is TVIX
i have a hunch there's a lot more chaos left to ensue. i see the market sliding another 20-30%+ even 50%.
god forbid the healthcare system cant handle the amoutn of people that need to be treated. stock market gains will be the least of our worries
of course at some point things will get better and we will recover... but i dont think this is something that returns to normal next week or even next month. decently long road ahead.
i have a hunch there's a lot more chaos left to ensue. i see the market sliding another 20-30%+ even 50%.
god forbid the healthcare system cant handle the amoutn of people that need to be treated. stock market gains will be the least of our worries
of course at some point things will get better and we will recover... but i dont think this is something that returns to normal next week or even next month. decently long road ahead.