Boiler Room: The Official Stock Market Discussion

[Originalman]

Everyone looks like a genius in a bull market

^ this right here. Its like crypto in 2017. Any and everything was making money.

Folks have to realize that the bull market won't last foever. Like @FabTrey said keep some cash available so when the market crashes cause it always does. Then you can buy shyt on the cheap.

Second if you got a short term account. Take some profits to cover yourself. For IRAs you don't have to worry as much unless you will be retiring soon. Then you need to move your money in safe investments.

 

[mannyrs13]

Some of them have more $ in TSLA alone than my entire portfolio

Comparison is the thief of joy though. Really happy with my returns so far. Let's all eat

Wish I would've gotten deeper in Tesla before the split but I'm happy with the 32 I got now. Can't get discouraged when I see others with 100+ shares cuz I know we all working towards a common goal. Plus shyt like Square and Ark that's cheaper can also get me some gains. I'm happy loading up on those if I can't load up on Tesla. Already made decent gains on stocks and crypto this year. Not retirement type of money yet but happy with what I've made so far, and what we all made. Even a 5% gain is better than nothing so we all are blessed.

Like 8 trading days left and I'm less than $800 from my goal. Gotta set a new one of 100k by end of next year. Hopefully pass that way before December 2021.

 

[Originalman]

man some of yall nikkas in here are rich as hell

Yep breh a lot of kats make their money by leaaving a job and then rolling that 401k they had over to a traditional or a roth IRA.

That way with the IRA you can buy stocks and really make money. I will never forget a old timer hipping me to game once I got into corporate america. Old kat was like make sure you max out your 401k. Then once you leave roll that money over to an IRA and so you can start buying stocks and etfs. Old school was like trust you will thank me in the end.

Yeap that old kat sure was right....

 

[FabTrey]

I'm not thinking about @FabTrey portfolio lol I'm happy for him and I'm trying to get there one day myself

keep doing what you are doing. and look to 10x in 5 years.

 

[princeofhaiti]

Yep breh a lot of kats make their money by leaaving a job and then rolling that 401k they had over to a traditional or a roth IRA.

That way with the IRA you can buy stocks and really make money. I will never forget a old timer hipping me to game once I got into corporate america. Old kat was like make sure you max out your 401k. Then once you leave roll that money over to an IRA and so you can start buying stocks and etfs. Old school was like trust you will thank me in the end.

Yeap that old kat sure was right....

that makes perfect sense
But i still got rent to pay so for now ill do the company match but ill keep this in mind tho

 

[FabTrey]

man some of yall nikkas in here are rich as hell

my definition of rich = worth 3 mil (assets - liabilities = 3mil)

ain't nobody rich here. not yet. but let's all get there someday.

 

[FabTrey]

that pop at the end of the market tho. i just don't see how this market has another 10%+ pullback/correction. too much catalyst driving market to the moon.

i can see a correction, but correction is just a nice clearance sale day. it will get back up right back. Feds just won't let the market down. and stimulus is coming. so i see another bull run in 2021, but not like what we had.

i don't think i'll ever do another 200% return like this year. it's not likely. i'll be happy with 30% annual return from now on.

 

[Originalman]

that makes perfect sense
But i still got rent to pay so for now ill do the company match but ill keep this in mind tho

Its all good breh every dollar count. If you ever leave the company you got your 401k plus the company match. Now you got a fat lump sum to either roll in an IRA or keep in your 401k. So a win is a win breh.

 

[mannyrs13]

Bloomberg: Tesla, Bitcoin Bull Cathie Wood Targets 20% ETF Returns.
Tesla, Bitcoin Bull Cathie Wood Targets 20% ETF Returns

 

[Doomsday]

I think they'll be aight, but what I question about charge point is how much revenue can they really make. It probably won't be as much as gas stations because when you think about it from a logistical pov, a good portion of electric car owners probably own homes, and within their homes, they can charge their car. How many people are realistically going use up 200-300 miles in a day.

It all depends on whether or not EV will become the norm (it will), and more importantly, when.

I believe the tide will officially shift once EV takes over the trucking industry. Then E stations will be officially viable.

 

[dora_da_destroyer]

So I low key think I may have poured jelly on myself. I just know that this LCA is going to be a good look. But with them not getting that vote today is it possible that GNOG isn’t a sure thing?

I also see that someone has placed a $17 value onto PLTR.

and i'll be buying more, i've increased my cost basis from 9.80 to 16.66 a share as i buy it on its dip days, i'm ready to load up 100 more shares and just sit on it for a couple years

 

[dora_da_destroyer]

yeah with interest rates low and ppl having no where to put their money for growth, the stock market is the greatest thing right now if you want your money to work for you during this economic cycle.

Just bought more shares of SPY,VTI, VOO, FXIAX in my Roth IRA today

these are duplicative of one another more or less. since you seem to want to track indexes, you should pick one of those, put half your money in it and the other half in QQQ

 

[dora_da_destroyer]

Spoiler: lettuce not forget the real estate game

had to share with my get money brehs, i'm selling one of my properties i bought 5 years ago for $725k, just got an offer for 1.45M -

 

[old pig]

Spoiler: lettuce not forget the real estate game

had to share with my get money brehs, i'm selling one of my properties i bought 5 years ago for $725k, just got an offer for 1.45M -

sweet...double up

 

[Serious]

Spoiler: lettuce not forget the real estate game

had to share with my get money brehs, i'm selling one of my properties i bought 5 years ago for $725k, just got an offer for 1.45M -

So we got a millionaire who doesn't want to pay back their student loans
@the cac mamba