VFib
All Star
Fastly is down. Why don’t you buy the dip.
I knew you’d have something smart to say. Lol.
Boiler Room: The Official Stock Market Discussion
I knew you’d have something smart to say. Lol.
Not sure how many of yall followed RobinTrack, but it would be dope if RobinHood reopened their data:
fundamentally speaking...draftkings is a pretty shyt company.
probably better off buying into The Stars Group or WIlliam Hill but theyre both international
id need the bull case explained to me because given the nature of their business i dont like how gross margins declining
probably better off buying into The Stars Group or WIlliam Hill but theyre both international
id need the bull case explained to me because given the nature of their business i dont like how gross margins declining
Funds were using it to short. Leaves retail exposed to more risk
Saysumthinfunnymike
VOTE!!!
So right now between all my brokerage accounts I am still about 70% cash. I'm not necessarily waiting for big dips but I am stingy with my buying compared to other investors who are only like 30% cash..
So this has it's benefits and detriments for me. The benefit is that I pick and choose pretty safely and on some equities I am buying and then selling for a quick profit and moving on..
The downside is that I'm not risking too much of my capital so even with my long term investments I am making good money but I would make more money by investing more money..
I am educated on the markets and certain sectors and I dive in more as my knowledge grows with them but I'm still young enough to where I don't feel I need to put all my money into the market, it takes time to spread it across and execute a plan.
Never risk more than you are willing to lose but never let it all sit for too long either because money should be making you more money. Put it to work.
So this has it's benefits and detriments for me. The benefit is that I pick and choose pretty safely and on some equities I am buying and then selling for a quick profit and moving on..
The downside is that I'm not risking too much of my capital so even with my long term investments I am making good money but I would make more money by investing more money..
I am educated on the markets and certain sectors and I dive in more as my knowledge grows with them but I'm still young enough to where I don't feel I need to put all my money into the market, it takes time to spread it across and execute a plan.
Never risk more than you are willing to lose but never let it all sit for too long either because money should be making you more money. Put it to work.
Rickdogg44
RIP Charmander RIP Kobe
Me too. FAN, TAN, ICLN, are on my radar.
Cool, just copped The Intelligent Investor and a Barron’s subscription so I’m about to start reading up and educating myself.
Do y’all have any other recommendations for beginner investors?
I’m looking for information on what things to look for when evaluating a company to invest in.
Saysumthinfunnymike
VOTE!!!
The bull case is that between all the partnerships they've made and their name they have positioned themselves as the leader in a sector that should be doubling and tripling as more states legalize sports gambling and DraftKings moves into those territories. Yes, there will be competition but DKNG is at least for right now ahead of their comp in many areas and the sector will be big enough to where multiple sports books can survive and do well.
The bear case at least for the short term you are seeing it play out.. They spend a lot of money on advertising to get where they are and with covid ramping back up people still don't believe these football seasons will even continue. I'm not sure myself if they will continue. I think they will try everything they can to push it through but we will see..
So with the offerings to raise capital and football being in trouble that's how you see a dip from $63 to $46. But this is a stock that I started accumulating when it was like $25 so it is what it is.. I'm holding long term because I believe in the sector.
Short term I see it as a potential buying opportunity. It could get down to $40 again.
Go on YouTube and look at videos to learn how to read a balance sheet, income statement, and cash flow statement. Don't buy companies with bad balance sheets.Where does one even start in this thread?
Decide if you want to commit to long term investing or short term investing. Short term is usually much riskier and will probably get you less in profit but you'll get the profit quicker. Long term is far safer and will likely get you more in profit but that will be inaccessible for long stretches.
When starting out buy companies you know and believe in that have good balance sheets (manageable debt load and decent amount of cash on-hand) if all that makes you uncomfortable but companies like Microsoft, Google, Amazon, Apple, and Facebook. If you feel a bit more bold buy Tesla.
My total portfolio which is a little over a year and a half old is up about $11K about $9K of that is from just Microsoft, Facebook, and Apple. $6.2K of it is just from Apple alone.
If you buy a company with a good balance sheet and solid fundamentals and you're a long term investor don't sell for at least a few years if possible. The stock market tends to go up and to the right as time goes on. I'd be up way more if I kept some of the stocks I sold out of.
Don't follow the stock market too closely. Excessive tracking can lead to making too many moves.
Center stage on the mic
dora_da_destroyer
Master Baker
investopia, nerdwallet and wallstreet survivor all have good beginning content. basically, focus on learning how to read a balance sheet & determine your investment strategy/risk tolerance, once you establish those, then there's a bunch of rabbit holes you can follow across the web to help you figure out what stocks, etf's or funds would be a good look.
peruse CNBC, NYT and WSJ business sections a couple times a week to understand the macro environment of different sectors. basically, tech is the for sure high growth segment right now, although some companies are currently overpriced, the share price of SaaS companies also don't follow traditional rules, sentiment and potential drive prices more than fundamentals. EVs, alt energy, and 5G will be growth segments over the next few years. retail, travel, hospitality, entertainment are all down, this means there are some good buying opportunities, but you'll want to time it right, need to shake out some of the uncertainty (some businesses won't survive) and buy when it looks like those sectors are heading back up, otherwise you'll have money sitting stagnant that could've been growing elsewhere (easier said than done). traditional energy and oil is dead, don't fukk with those. etc. etc.
lastly, don't feel pressured into being an active trader, looks like everyone is making quick money, but they're not, they're also not reporting on the taxes that are kicking their ass on short term gains vs long term (holding 1yr+)
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Yahoo is now a part of Verizon Media
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