Boiler Room: The Official Stock Market Discussion

[K-Deini]

*vent session*


Shyt is getting frustrating. If it wasn’t For threads like this and some other investment communities I follow this journey would be stressful.


Jsut got into an argument with my girl because I used some of my half of the tax teturn(I let her file the kids) to pay off my federal(capital gains). Telling me to chill and not to rack up because she tired of me owing. I’m starting to understand some of these Investment personas when I used to think they were just talking down on the general population but most ppl are short sighted when it comes to finances.

I owe 800 in federal but getting back over 2000 in state(s) If I could I would use my state to pay it when I rifle but they only offer that option for federal. I don’t understand the issue because I didn’t ask her for money but just my usual half I take when we file. She said I do too much outside of work. I told her it’s foolish to depend on one stream of income on today’s society. Had to get my financial advisor and a tax advisor to talk to her and explain things to her and she still has an attitude. In years pass whenever I owed it was because I had to file exempt( a couple of checks) to cover her part of the financial obligations because she wasn’t working.

this is why I’m teaching my kids financial literacy and liberty so they can understand these things. Credit isn’t really important to me(but she did said she wanted to get a house so ok) but just off enlightening myself with my financial empowerment I’ve been able to raise my by 250 pts just off simple stuff.

Some people just don't get it. My parents look at it as gambling and are always telling me to take my money out because "I read its gonna crash soon" its been a year since I started and if I listened to them i wouldn't have made any money. They put the market and the people who do it for a living on a pedestal and think regular folk can't do it. But those people aren't any smarter than us. I think our generation is realizing that.

Luckily my friends have embraced it and are now making money. Once they get a hit, they can't stop. They're addicted now too. I honestly think if our generation wasn't so beaten down by how much it is to buy cars, a house, to not having a decent job with a pension, and then add student loan debt on top of it, we wouldn't be as involved in the markets today. Our parents had that shyt. They were content. So they look at the market different than we do.

Financial freedom

 

[dora_da_destroyer]

i don't get how i'm negative on positions in M1 - i.e. says my avg share price is 129.85 for ARKW, current price is 152, yet it says i'm down $300....nvm, i realize they reset my starting balance to what it was when i combined accounts in feb vs the actual starting amount last summer

 

[who_better_than_me]

Some people just don't get it. My parents look at it as gambling and are always telling me to take my money out because "I read its gonna crash soon" its been a year since I started and if I listened to them i wouldn't have made any money. They put the market and the people who do it for a living on a pedestal and think regular folk can't do it. But those people aren't any smarter than us. I think our generation is realizing that.

Luckily my friends have embraced it and are now making money. Once they get a hit, they can't stop. They're addicted now too. I honestly think if our generation wasn't so beaten down by how much it is to buy cars, a house, to not having a decent job with a pension, and then add student loan debt on top of it, we wouldn't be as involved in the markets today. Our parents had that shyt. They were content. So they look at the market different than we do.

Financial freedom

Yeah my fam intrigued by it. I’m able to actually talk about it more freely with them than my girl without agitation. They kind of understand it more why I’m in it from a financial literacy and freedom standpoint. They don’t see it as gambling. Moms always talkin me up and telling me how proud she is of me. The complete opposite of my girl who be talkin down like I’m Her child or burden. Shyt bothers me enough to where talkin conversations are definitely limited and filtered to her. She don’t understand why I be researching the market. It’s a waste or intrusion of personal time to her.I told her this ain’t the same as a 9-5 but much more freedom And enjoyable


She was sneaking behind me as I was messing with my portfolio and seen the value of it and angrily asked me why I’m leaving that money in there. I told
Her it’s not a bank account where It’s all liquid but that money is invested in positions. She said but like any account you can cash that out right? I said technically yeah but that wouldn’t be smart. An argument ensued(from her) and I faked my my job calling me in to work

 

[NaijaProdigy Redux]

Yeah my fam intrigued by it. I’m able to actually talk about it more freely with them than my girl without agitation. They kind of understand it more why I’m in it from a financial literacy and freedom standpoint. They don’t see it as gambling. Moms always talkin me up and telling me how proud she is of me. The complete opposite of my girl who be talkin down like I’m Her child or burden. Shyt bothers me enough to where talkin conversations are definitely limited and filtered to her. She don’t understand why I be researching the market. It’s a waste or intrusion of personal time to her.I told her this ain’t the same as a 9-5 but much more freedom And enjoyable


She was sneaking behind me as I was messing with my portfolio and seen the value of it and angrily asked me why I’m leaving that money in there. I told
Her it’s not a bank account where It’s all liquid but that money is invested in positions. She said but like any account you can cash that out right? I said technically yeah but that wouldn’t be smart. An argument ensued(from her) and I faked my my job calling me in to work

No offense but your girl sounds annoying as fukk

 

[who_better_than_me]

No offense but your girl sounds annoying as fukk

Anybody who doesn’t understand why you do what you do(and actually counters it) is going to annoy you. I have a lot of ppl who don’t understand my moves.

my goal is to break the nothingness cycle and help the next generation in my bloodline

 

[Deafheaven]

Yeah my fam intrigued by it. I’m able to actually talk about it more freely with them than my girl without agitation. They kind of understand it more why I’m in it from a financial literacy and freedom standpoint. They don’t see it as gambling. Moms always talkin me up and telling me how proud she is of me. The complete opposite of my girl who be talkin down like I’m Her child or burden. Shyt bothers me enough to where talkin conversations are definitely limited and filtered to her. She don’t understand why I be researching the market. It’s a waste or intrusion of personal time to her.I told her this ain’t the same as a 9-5 but much more freedom And enjoyable


She was sneaking behind me as I was messing with my portfolio and seen the value of it and angrily asked me why I’m leaving that money in there. I told
Her it’s not a bank account where It’s all liquid but that money is invested in positions. She said but like any account you can cash that out right? I said technically yeah but that wouldn’t be smart. An argument ensued(from her) and I faked my my job calling me in to work

That sounds like a chore.

I don't really talk about stocks except a couple homies who are also in finance about my investments and prospective goals with it. Most nikkas male or female either think you humble bragging, a lick, or uninterested because you not tricking or gifting on them. The concept of leaving a lot of your capital in a imaginary bank so to speak is also a contraindication to them. Never mind the fact you actual need decent capital to see those motivational gains. And the losses

psychologically its a whole diff beast than what most black people were raised like. The best part is it only takes a brief convo with someone in the know to shift the culture of one's mind, but they don't want to be hearing me though

Its a lonely road but we win in the end

 

[dora_da_destroyer]

cleaning up my M1, will likely make move moves, but selling NIU, FSR, COUP, YOLO and my ARK pie (K/G/W). overall i still kinda like my EV/clean energy pie, my reopening pie might get sold too. it's doing cool, but i just want one M1 account with more consolidated holdings

 

[NatiboyB]

cleaning up my M1, will likely make move moves, but selling NIU, FSR, COUP, YOLO and my ARK pie (K/G/W). overall i still kinda like my EV/clean energy pie, my reopening pie might get sold too. it's doing cool, but i just want one M1 account with more consolidated holdings

You are hopping out of the ark game right now I put everything into K.

 

[dora_da_destroyer]

You are hopping out of the ark game right now I put everything into K.

i have ark w/g/k in other accounts, with my exposure elsewhere, i don't feel the need to have it in m1

 

[nyknick]

cleaning up my M1, will likely make move moves, but selling NIU, FSR, COUP, YOLO and my ARK pie (K/G/W). overall i still kinda like my EV/clean energy pie, my reopening pie might get sold too. it's doing cool, but i just want one M1 account with more consolidated holdings

NIU is looking kind of good right now

 

[dora_da_destroyer]

NIU is looking kind of good right now

i have it in an IRA, also something i didn't want to double dip on in M1

 

[Deafheaven]

Solid week tbh. Getting Mara at a discount is

 

[HoldThisL]

It's so hard going back to a 9-5 when you make more playing the stock market .

I literally had a warehouse job last year and invested most of my income in the market. Now Im seeing weeks where Im gaining more than the job I had where I was sweating/breaking my back for close to minimum wage. I wish I knew about investing 2-3 years ago

 

[CBalla]

asts below 10 will be the steal of the decade if their tech is powerful

 

[Rickdogg44]

Solid week tbh. Getting Mara at a discount is

Is this rotation from crypto back to stocks?