Boiler Room: The Official Stock Market Discussion

[FabTrey]

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.

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.

i was that clueless nikka for almost 2 decades. i was just very skeptical and it never even crossed my mind. i thought it was only for rich cacs who inherited money or traders.



and when i heard people losing money left and right back in 08 i was like hell fukkin naw i ain't gambling my money away

 

[Domingo Halliburton]

If you combine all the market caps of all the car companies in the world, tesla is worth about 65% of that. I still dont think I'd bet against them. The market wants to remain irrational on them.

 

[dora_da_destroyer]

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 image with the tweet about institutional investors just now warming up to the stock

 

[mannyrs13]

i was that clueless nikka for almost 2 decades. i was just very skeptical and it never even crossed my mind. i thought it was only for rich cacs who inherited money or traders.



and when i heard people losing money left and right back in 08 i was like hell fukkin naw i ain't gambling my money away

When I first started working at Walgreens I was eligible for the 401k not long after and my dad pushed me to get it cuz of the company match aspect. He was never big on individual investing but always had his 401k. Who's to know what funds he's had or how much he could've had if he invested differently but thankfully he enforced that 401k mindset into me. Talking about gambling, who's to know how much those $50 to $100 I would waste going to play poker with my other friend, who I rarely see now, when poker was at its popularity peak, would've been worth being invested instead. Could've gotten some bitcoin back then, although I don't think it was around, or whatever up and coming stock was low back in like 03. Does take a special mindset to invest tho especially with the risks involved so I understand your skepticism back then. Luckily you smartened up and got some success.

 

[mannyrs13]

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

Yeah definitely. Stay on top of that. Hopefully you have other funds you can invest on in there. May not be able to get the money now but try and grow that account best you can.

 

[Serious]

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

He’s an angry Tesla homer
It’S entertainment to me at this point.

 

[Serious]

i was that clueless nikka for almost 2 decades. i was just very skeptical and it never even crossed my mind. i thought it was only for rich cacs who inherited money or traders.



and when i heard people losing money left and right back in 08 i was like hell fukkin naw i ain't gambling my money away

If you want to see how the average person invest looks at how clueless people in the fsr thread in TLR are.

not saying you can’t make money but the general sentiment is that it will continue to go up up up exponentially with zero correction then when things don’t pan out people assume it’s the stock market is garbage when the reality is they never even bothered to fully understand how the market really works

 

[Starski]

the image with the tweet about institutional investors just now warming up to the stock

Ok I got ya. I think you may be reading into wrong. He has been pushing the idea that retail sentiment / options buying can have major impact on the the stock price in the short term, infact he saying how retail is finally catching on .


Palantir was just an example.

 

[dora_da_destroyer]

ehh, you gotta remember the older generation both had an easier path to home ownership (and real estate investing in general) which is/was a big wealth builder for them and they grew up in the generation of put in 20-25 years and collect a pension. mass participation in the markets wasn't needed. our generation can't afford homes, and partly just don't want to own, and we're lucky if we get a 401k match - which is no where near the level of income pensions/guaranteed retirement benefits are, we have no choice but to make investing part of our retirement strategy.

furthermore, asset management/advisors are still a thing, it has just morphed. between robo advisors, things like ellevest, and more "mainstream" full service advisors (ie you don't need to be a millionaire to be a client) like personal capital and facet wealth, people are still accessing tools/professionals to guide them

 

[Starski]

If you want to see how the average person invest looks at how clueless people in the fsr thread in TLR are.

not saying you can’t make money but the general sentiment is that it will continue to go up up up exponentially with zero correction then when things don’t pan out people assume it’s the stock market is garbage when the reality is they never even bothered to fully understand how the market really works

I love this shyt cause if you ask a random group of 50 professionals/novices you will probably get ~50 different answers to that question. All of which have merit, all of which may work some times but not others, and of different durations.

 

[NatiboyB]

takes 5 business days for you funds to settle. took like 3 weeks for me to get all 3 free stocks.

am I tripping or does the other ones seem to settle faster? oh well it isn't a big deal I just missed out on a couple of things I planned on doing with PLTR and LCA. fukk I'm impatient as hell last week was a short week and it does take a minute for the first deposits to go through especially since I didn't pay for the extra perks.

So I'm all in on this LCA play. So Tilman Fertita who owns the Rockets is the owner of the company once the merger goes through am I the only one that thinks online sports betting and gaming will be more major than draft kings? I'm thinking this could be a potential game changer for the gambling world.

 

[pete clemenza]

yup. just subscribed to Motley advisor stock advisor today for half the normal price. Missed out on alot of money not subbing to them last year. Would have caught the Zoom and Jumia wave

You could've caught those two here in the Boiler Room, on Twitter, and Reddit/WSB

 

[Serious]

Black Friday traffic at U.S. stores down 52% even as online retail sales hit record high

 

[KalKal]

Black Friday traffic at U.S. stores down 52% even as online retail sales hit record high

I actually think overall this year will be huge. My aunt asked me to look for a Ps5 for my little cousins, and it's sold out everywhere online like it was a Cabbage Patch doll from the mid 80's.

Plus, I was following slickdeals to look for the "hottest" laptop deals on Black Friday, and all the sites for the best laptop deals were either sold out fast, or the sites were barely straining to keep up with the volume. E.g. HP's site was timing out for like 2 hours.

So I think online shipping will more than make up for the lack of store traffic in person.

 

[mannyrs13]

If you want to see how the average person invest looks at how clueless people in the fsr thread in TLR are.

not saying you can’t make money but the general sentiment is that it will continue to go up up up exponentially with zero correction then when things don’t pan out people assume it’s the stock market is garbage when the reality is they never even bothered to fully understand how the market really works

Don't think I've heard of that thread or been in it.

Black Friday traffic at U.S. stores down 52% even as online retail sales hit record high

Good. Less people out spreading the rona for dumb shyt. Better to order online and avoid crowds, even before the virus.