Boiler Room: The Official Stock Market Discussion

FabTrey

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Pennies have their place, but they should only be used for like <10% of your portfolio.

I used to be like 70% pennies, while on margin too.....

Now I make less and use a cash account but lose less.

it was always under 5% for me, but then i got greedy and upped it to 25% :francis:

and now it's down to 10% again, but it was a giant waste of my time.


overall i'm up 160% past 12 months. if i i didn't fuk with penny stocks and stayed with stocks i know, i would've been easily up over 300%. :snoop:
 

morris

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Serious

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1st Round Playoff Exits
Dope book just finished reading:

Psychology of Money:
Library Genesis
So I just finished this book.

It had a lot of humbling insight....
Like how hard it is to beat the market.
I get it.
The author concludes, by stating he no longer invest in individual stocks, but takes a rather index like approach, which i can't hate. That's a safe route when you have capital. :hubie:

It had me thinking maybe I should have stake in SPY, for risk management / hedging purposes.


So I go look at SPY's returns. It's about 14% on annual end not, bad :ehh:


So then it hits me, let me look at arkk for second. They're fukking killing it, no other ETF is even close to matching those returns.


115% YTD. and 40% return 5 years out.

Then it hits me again....
Since the recession a lot of shyt has changed but hasn't fully come to affect yet. Like at restaurants now, mobile pay has seen a huge boost.

Then final thing that hit me today, was my niece. She's 10. She doesn't want gift cards anymore, she doesn't even really want cash. She wants APPLE PAY.....

She'll be in a generation cashless payments are the way to go.

Get ready brehs & brehettes....


I'm eating way more ark shares, especially ARKF. :hubie:


ARK will be the new spy.


/rant
 
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