Boiler Room: The Official Stock Market Discussion
Saysumthinfunnymike
VOTE!!!
I never seen a group of millionaires so salty in my life. Financial advisors and analysts are seeing their power over the market diminish a tad... and they are so pissed off about it it's hilarious. Sorry, I don't need you guys. The fukked up thing is the vast majority in the market is still non-retail money, they are so fukking greedy and want to be "right" and want to matter.. they sound like Trump supporters. They had the advantage for decades. Now free mobile apps and group chats and YouTubers have leveled the playing field a tiny little bit and they can't take it.
Saysumthinfunnymike
VOTE!!!
Keep in mind most people still need to go to a financial advisor. They don't have the time or knowledge to do it alone. Most people I know, many real career people too have no idea how the market works (basic level stuff). They are missing out.
takes 5 business days for you funds to settle. took like 3 weeks for me to get all 3 free stocks.
DaddyFresh
Superstar
Very salty. Them seeing meme stocks doing 5x their yearly returns in a week is truly killing their soul. 40 and under not trying to get 2-3% yearly gains. They want the big bucks. And you not getting that investing in Apple or Amazon
I don't really like his videos. He doesn't really add value.
I prefer Tesla Daily. Rob is the most knowledge Youtube Tesla person. Chicken is also good
Saysumthinfunnymike
VOTE!!!
I love Amazon and Apple
but I like them as safety blankets... the possibility of big returns but also coupled with a savings account.... however... if you are not investing a nice percentage of your portfolio in growth plays then you're definitely gonna miss out on some huge gains 
Rickdogg44
RIP Charmander RIP Kobe
My deposit took a week or so to hit
The free stock took a bit too. Read the details of offer. Also make sure you "claim" the offer in the message section
Saysumthinfunnymike
VOTE!!!
I'm not sure if it will be Stripe but it's interesting... not much above the floor as it currently sits
dora_da_destroyer
Master Baker
Thanos getting his last infinity stone
this is what kept me from going full in on PLTR when i first bought, letting these out of touch old heads get into my head, luckily i still jumped in to half my desired position under 10 - lol @ them just now warming up to it
I feel like there's a revolution going on, especially more and more during this whole pandemic. Lot of older people like my parents, and other baby boomers, didn't have the opportunities we did so I don't think investing was as big except for like 401ks for most of them. Even now not many take advantage of investing. My dad always used to enforce the benefit of saving money and I was good at that but investing is needed as well. Too much money bring left on the table for those who don't, or don't do it enough.
And it's not just the older generation but some of the younger one as well. I'm here at my boys house watching football and thinking of a conversation we had earlier in the year. We were talking about the market, don't really talk finances like that with him, and he was showing me his 401k. Some target fund for 2050. Back then I had a different company handling my ira and 2019 was a good year for my investments. Think I made from like 33k to over 50k only putting like 120 a month and with no company match cuz I was contract so it was my own IRA. So he was all surprised about how my account could grow that much with so little money. Granted this was mid February and a few weeks later was the big crash so my account and down but later moved it to fidelity and now approaching 70k. But anyways, my boy makes over 100k a year and is completely clueless on this type of thing and finances in general. He just knows make money, pay bills, and spend. He's got lots of cool stuff and big on technology but won't get anywhere just investing in that target date fund. And I'm sure there are tons of people just like him not realizing what they missing out on.
So much potential these days with being able to invest on our smart phones, plus with different avenues like stocks, crypto, forex, so many different ways. I'm not one of those type of people but if anyone happens to mention finance and investing around me, I'll give my thoughts. But I'm not out there being pushy like some of these social media lunatics. I can just offer my help but if people not gonna take advantage, that's on them.
Rickdogg44
RIP Charmander RIP Kobe
I need to look at my 401k. We are matched up to 4%, but I think we really only have target end date funds.
If it wasn't for the match, I'd probably just make a m1 to do monthly deposits. I still might
I'm not sure which old head you are referring to but the commentator of the tweet (Ben) research on options flows + ETF flows influencing stock price date back years.
I'm actually really confused, whats the connection between the tweet & your comment.
@ the convo of asset management becoming an extinct profession due to the lower barrier on entry + passive investing. It's been happening slowly over the last ten years but fintech will obviously accelerate it. With that said you have to remember where a lot of people who use online brokers are on their own life/career cycle.
A 30-year-old breh who has ~50k in the market goes through a march like crash and sees -15k he goes
. Thats a down payment on a car
55 year old (500k invested) who's goal is more stability sees -150k in a month and goes
. Thats a downpayment on a house.
then you got the fact most people want to work, go home, take care of their kids etc.,
I was working in a restaurant during that 18' crash and the GM(50-ish, kids going to college) manages his own finances, he was like
for months.
There is a big reason why money managers who constantly under preform the market, for years, are still have loads of people line up to give them money. It's cause when things get bad, they aren't as bad.
A 30-year-old breh who has ~50k in the market goes through a march like crash and sees -15k he goes
. Thats a down payment on a car55 year old (500k invested) who's goal is more stability sees -150k in a month and goes
. Thats a downpayment on a house.then you got the fact most people want to work, go home, take care of their kids etc.,
I was working in a restaurant during that 18' crash and the GM(50-ish, kids going to college) manages his own finances, he was like
for months.There is a big reason why money managers who constantly under preform the market, for years, are still have loads of people line up to give them money. It's cause when things get bad, they aren't as bad.