Boiler Room: The Official Stock Market Discussion

[Saysumthinfunnymike]

In short, the stock market to me is both a long term investment but also short term gambling. When I invest in something like PLAY I am gambling but it's less risky than betting on a football game that you have less control over.

Some individual stocks like Disney I just let sit.

I don't invest all my savings into the stock market. I keep most of my cash on hand. You see dudes losing their fukking minds over the stock market, it's because they put too much money in and they weren't willing to lose it

 

[BK The Great]

Bro just invest what you can every month. If you can only save $100 every month then just stick with that for now. Look at VOO, VTI, VTSAX or other ETFs that invest in the total market or S&P500. That $100 will grow overtime and you’ll get dividends so it’s better than keeping it in a savings account.

Yea i would like for a slow gradual increase rather than getting a big bag the first go around.

 

[Saysumthinfunnymike]

Yea i would like for a slow gradual increase rather than getting a big bag the first go around.

Do what they said breh. Individual stocks is fun right now because the market is so fukked up but it gets far less fun when everything is stabilized lol

 

[Saysumthinfunnymike]

Perfect example, I got in a little late on MGM. I didn't invest much but I was staring at it like because it wasn't doing shyt and then it was more bad news and more bad news.

Today I had the opportunity to break even on it so I got out and took that money and threw it over to Eldorado. I feel they have more upside far as the hotels go, but once it goes up to a certain point I'll be out because it ain't a long term play.

 

[T.H.E.GOD]

I won’t lie. I’m a complete beginner at thjs that just started reading. I took a chance with the crypto shyt a little while back but put some money into some low cent shyt hoping it turns into what bitcoin turned into. Didn’t work out (for now) and I’m not even going into that territory anymore but will still watch what I invested money into.

I like to take risk. Scared money don’t make money but I also want to be smart. I swear I wanna throw 10k into something and forget about it until like 5 years later hoping I turned that into 60k or some shyt and I will he straight. But I got a family and wifey ain’t feeling those moves. Lol. So I’m gonna play with a grand or two and just let it do what it do and continue to watch this thread and if I 5-10k off 1k crossing my fingers, maybe 5 years from now I can throw the 10k I made in them 5 years into a new promising stock to then 10 more years turn it into 60 or maybe even 100k. Who knows. Am I betting my house on it? No but better to start somewhere and learn as I go along and hope for the best. I’m also going in with the attitude I may not see any money back and lose the money I put into it.

 

[BK The Great]

I won’t lie. I’m a complete beginner at thjs that just started reading. I took a chance with the crypto shyt a little while back but put some money into some low cent shyt hoping it turns into what bitcoin turned into. Didn’t work out (for now) and I’m not even going into that territory anymore but will still watch what I invested money into.

I like to take risk. Scared money don’t make money but I also want to be smart. I swear I wanna throw 10k into something and forget about it until like 5 years later hoping I turned that into 60k or some shyt and I will he straight. But I got a family and wifey ain’t feeling those moves. Lol. So I’m gonna play with a grand or two and just let it do what it do and continue to watch this thread and if I 5-10k off 1k crossing my fingers, maybe 5 years from now I can throw the 10k I made in them 5 years into a new promising stock to then 10 more years turn it into 60 or maybe even 100k. Who knows. Am I betting my house on it? No but better to start somewhere and learn as I go along and hope for the best. I’m also going in with the attitude I may not see any money back and lose the money I put into it.

Like they say, the higher the risk the bigger reward.

 

[ahomeplateslugger]

Yea i would like for a slow gradual increase rather than getting a big bag the first go around.

And that’s a solid strategy. VTI is my largest position by far and I continue to buy a couple hundred worth every month. I get a nice dividend and as the saying goes, “you can’t beat the market.”

You’ll get the safest return on your investment if you invest in one of those stocks that I mentioned.

 

[BK The Great]

And that’s a solid strategy. VTI is my largest position by far and I continue to buy a couple hundred worth every month. I get a nice dividend and as the saying goes, “you can’t beat the market.”

You’ll get the safest return on your investment if you invest in one of those stocks that I mentioned.

Will look into it.

 

[T.H.E.GOD]

And that’s a solid strategy. VTI is my largest position by far and I continue to buy a couple hundred worth every month. I get a nice dividend and as the saying goes, “you can’t beat the market.”

You’ll get the safest return on your investment if you invest in one of those stocks that I mentioned.

i could see myself doing that. Buying a couple of hundred each month when I see a dip...

 

[Saysumthinfunnymike]

dow futures -600+ doesn't mean it will be a bloodbath by day's end but early on ppl are selling

 

[FabTrey]

I’m gonna have to do some research on it cause it will be my first time entering stocks. What are the best apps for it?

M1 is the best for dividend. M1 is nice cuz you dont have to buy the whole share.

I like ally and fidelity too.

Just stay away from robinhood.


Dont buy funds breh. Buy some blue chip, growth and dividend stocks. I beat the market 5 years in a row.

 

[redd2013]

I need a bloodbath today. A circuit breaker type day. Got too many putz need to reposition myself.

 

[T.H.E.GOD]

I need a bloodbath today. A circuit breaker type day. Got too many putz need to reposition myself.

Hoping we get at least one more blood bath something off the chain.

 

[redd2013]

I'm expect it to be more of a slow grind the next couple weeks. Should be some great opportunity to buy if u miss it last time like me. After that not sure what's gonna happen. All depends if we get the virus under control. Just be really with what u want to buy. I'm buy all stocks for the long term no shorts for me.

 

[The_Sheff]

Have to find companies that can withstand this blow. That's why when I look at the casinos I'm looking at Eldorado or Wynn. They can survive and it can be an easy doubling of your money once this is over..

But honestly in this market I'm looking at everything. Tech companies might not have a hard drop this time but most everything will be trading way under value. Keep reading this thread.

Today I mostly watched.. the other day I sold off my Dave & Busters shares. Restaurants are going to take a big hit.

What's going to happen with ERI with the CZR merger?