Boiler Room: The Official Stock Market Discussion

[dora_da_destroyer]

I have a fair amount of BA, but I feel dirty about it..

I have a hard time owning stock from a company that knowingly knew that had an item (plane) that could likely fail and did nothing about it.

I feel you, but BA and Dis at like $90 last year, the tendies was calling my name

 

[Rekkapryde]

He'd have to eat a wash sale so if you wanted to sell out of the shares but avoid the wash sale and buy lower in less than 30 days use a different brokerage lol

This my 401k rollover account bread

 

[NatiboyB]

This my 401k rollover account bread

oh nah they were talking about mines. My work stuff is all index fund with some bonds...I do have a 401K that I have control over with fidelity that I’m close to maxing out. But all of my other accounts are individual accounts.

 

[Brolic]

Brehs what did y’all do when the market tanked in 2000 and 2007. Did y’all keep investing, or did you just save money and stop looking at your portfolio for a couple years?

 

[Saysumthinfunnymike]

Brehs what did y’all do when the market tanked in 2000 and 2007. Did y’all keep investing, or did you just save money and stop looking at your portfolio for a couple years?

Wasn't in the market then but imagine how well those cheap shares looked when the bull run came. i think Jeremy from F.E. got started around that time

 

[DaddyFresh]

Lol right. Accord has been best rated in class for ages now.

I see homdas every where

That got to be stupider then the GME> Tesla for the next 10 years comment. Honda Accord and civic transcend any specific demographic. I see young brehs driving, mothers and old ass rich cacs that ain’t big on the flashy shyt driving as well. I don’t think I can be outside for more then a couple minutes and not see one

 

[mr. smoke weed]

Lol right. Accord has been best rated in class for ages now.

I see homdas every where

Yo, now that we got Louis Vitton bags, I've never seen a chick rock a Ross's bag

lmfaoooooooooooooooooooooooooooooooooo

 

[mr. smoke weed]

Brehs what did y’all do when the market tanked in 2000 and 2007. Did y’all keep investing, or did you just save money and stop looking at your portfolio for a couple years?

Real G's held tight, got 2nd jobs and poured money into the companies they believe in

 

[ogc163]

 

[NatiboyB]

Brehs what did y’all do when the market tanked in 2000 and 2007. Did y’all keep investing, or did you just save money and stop looking at your portfolio for a couple years?

I had no idea I just invested in the thrift savings plan. Just because an old head said I should.

 

[KalKal]

I don't fully get the wash sale thing to be honest

Isn't it something regarding taxes ? What happens if you sell and rebuy lower but you don't declare the "loss" because you lowered your position and you're okay with the L you ate to do so ?

Wash sales are all about taxes.
If you sell a losing stock, you can deduct the money that you lost on that stock from your other gains.
But, if you rebuy the same exact stock within 30 days, then its a "wash" sale and it interferes with your ability to deduct the previous losses from your gains.
So, its not that a wash sale is not allowed...it's just that it lowers the amount of money you can deduct from your taxes.
It might STILL be worth it, if you think that the profit you get from rebuying low will be worth more than what you lose from your deductions.

 

[Scholar]

Based off Cathie's interviews Arks price target is going to be enormous.

I foresee at least > 4k a share post split

 

[Brolic]

Wasn't in the market then but imagine how well those cheap shares looked when the bull run came. i think Jeremy from F.E. got started around that time

Real G's held tight, got 2nd jobs and poured money into the companies they believe in

The problem is all the growth stocks are expensive now.

 

[winb83]

I'm game

 

[Insensitive]

Real G's held tight, got 2nd jobs and poured money into the companies they believe in

This is the move I'm on.
I'm tryna look like I'm in "album mode" once I get this promotion and job title change.
Cause that'll free up my time for a second gig and additional capital to purchase more shares.

The problem is all the growth stocks are expensive now.

Dividend growth stocks are still looking mighty healthy.