J. Hardy wrote:
Prof. Racket wrote:
That carmine9 guy is almost assuredly our old friend The Unkle aka K5 aka a million other names
100%. LRC’s favorite anti-Semite.
Amazing. Comments on market performance triggers cries of anti-semitism.
What a scam
agip wrote:
this is a lot of people:
Ben Carlson
@awealthofcs
How to survive a correction:
Watch every tick of the overnight futures market. Sleep when dead
Panic sell on big down days & buy back after big up days
Take your advice from ppl who have been calling for a crash every day for the last 12 yrs
Blame the Fed for any huge losses
Excellent!
Here we go on another ride today. Maybe more buying opportunities.
Sold 100 SARK at 50.00 for 32% profit. Will put into VTI. Still have 200 shares.
investing noob wrote:
Sold 100 SARK at 50.00 for 32% profit. Will put into VTI. Still have 200 shares.
💥
Well done💪
seattle prattle wrote:
Computer Geek wrote:
So I have a bit of a side question to all this. I've been looking into investing using margin, and Robinhood's rate is 2.5%. Since the S&P 500 gains an average of about 10% per year (including dividends) and basically never falls more than 50%, rarely more than 30%, wouldn't it be both extremely profitable and zero risk to use margin to buy an S&P 500 ETF like SPY or VOO? Assuming the margin maintenance level is 50% or so, this seems like a ~zero risk strategy... Am I missing something?
You clearly don't understand what zero-risk means. Of course there is risk, and you may want to read a little primer about trading on margin before you choose to do it.
Pay particular attention to what would trigger a margin call from your broker. Another words, if you investment loses a sufficient value and your account reserves are below a prescribed level, the broker will force you to liquidate your holding at a loss, and on their schedule, and whether you like it or not.
Plus that fee is steep. It's not the kind of thing most of us would be getting excited about.
Some traders do trade on margin, it is not uncommon in certain circles. You would be well advised to learn about what it entails and enter into it on a trial basis if you choose to get into it.
The returns are never guaranteed, as you seem to suggest.
Also, leveraged ETFs might achieve similar things to what your are attempting, though they are usually not intended for long term positions.
What you wrote makes no sense to me. I am aware of margin calls and margin maintenance, and a 2.5% interest rate on margin is insanely good, far lower than what was ever offered until recent years, and it's still the lowest out there. If you know your investment is going to return an average of 10% per year, then even with a 2.5% interest rate, you're still netting 7.5% per year. If you use margin responsibly (use it only when the market has already dropped 10% or more and only have it be 40% or less of your holding with a little cash on the side), there is essentially zero risk of ever getting a margin call. Right? What am I missing?
Computer Geek wrote:
seattle prattle wrote:
You clearly don't understand what zero-risk means. Of course there is risk, and you may want to read a little primer about trading on margin before you choose to do it.
Pay particular attention to what would trigger a margin call from your broker. Another words, if you investment loses a sufficient value and your account reserves are below a prescribed level, the broker will force you to liquidate your holding at a loss, and on their schedule, and whether you like it or not.
Plus that fee is steep. It's not the kind of thing most of us would be getting excited about.
Some traders do trade on margin, it is not uncommon in certain circles. You would be well advised to learn about what it entails and enter into it on a trial basis if you choose to get into it.
The returns are never guaranteed, as you seem to suggest.
Also, leveraged ETFs might achieve similar things to what your are attempting, though they are usually not intended for long term positions.
What you wrote makes no sense to me. I am aware of margin calls and margin maintenance, and a 2.5% interest rate on margin is insanely good, far lower than what was ever offered until recent years, and it's still the lowest out there. If you know your investment is going to return an average of 10% per year, then even with a 2.5% interest rate, you're still netting 7.5% per year. If you use margin responsibly (use it only when the market has already dropped 10% or more and only have it be 40% or less of your holding with a little cash on the side), there is essentially zero risk of ever getting a margin call. Right? What am I missing?
margin is great until it isn't. when it isn't great... then it's a life-destroying force that has defeated much stronger men than you. it's rarely a good idea to use margin in any way that is material to your financial life.
something I've been thinking about...if BTC and the whole crypto economy did collapse...what would the effect be on the stock market?
I'd like to think that the crazy sh/tcoin people are just clicking away in some other financial universe, but they are not. If hundreds of billions of dollars evaporates (which I still assume will happen), there will be a negative consequence on the stock market and it won't be just tech stocks and meme stocks.
So do we prepare for that?
Wish I knew more about options...maybe wait until the VIX gets back under 20 and then buy some long dated out of the money puts as protection? That's how this works, right? I have never bought an option and truly I do not understand them any better than a cursory look on wikipedia would teach me.
But in theory I'd be willing to give up some return for insurance against a crypto crash affecting the stock market.
carmine9 wrote:
J. Hardy wrote:
100%. LRC’s favorite anti-Semite.
Amazing. Comments on market performance triggers cries of anti-semitism.
What a scam
Thank you for being honest enough not to deny it.
investing noob wrote:
Sold 100 SARK at 50.00 for 32% profit. Will put into VTI. Still have 200 shares.
VTI will continue to be a huge loser in 2022.
HSGFX will continue to be a huge winner in 2022.
Ghost of Igloi wrote:
HSGFX will continue to be a huge winner in 2022.
Imagine being bearish when US GDP just came in at almost 7%
Prof. Racket wrote:
Ghost of Igloi wrote:
HSGFX will continue to be a huge winner in 2022.
Imagine being bearish when US GDP just came in at almost 7%
Imagine being bullish on GDP when the $Trillions in Government handouts are ending.
Ghost of Igloi wrote:
Prof. Racket wrote:
Imagine being bearish when US GDP just came in at almost 7%
Imagine being bullish on GDP when the $Trillions in Government handouts are ending.
lol. Not totally wrong though, that is a valid concern on the horizon.
Maser wrote:
investing noob wrote:
Sold 100 SARK at 50.00 for 32% profit. Will put into VTI. Still have 200 shares.
💥
Well done💪
Awesome job! So, made about $1,500 profit. After taxes, around $1,100!!!!
Ghost of Igloi wrote:
investing noob wrote:
Sold 100 SARK at 50.00 for 32% profit. Will put into VTI. Still have 200 shares.
VTI will continue to be a huge loser in 2022.
It's alright, it's in my roth. I'm not retiring for 30+ years.
Twostitch wrote:
Maser wrote:
💥
Well done💪
Awesome job! So, made about $1,500 profit. After taxes, around $1,100!!!!
It's in my Roth, no taxes :)
investing noob wrote:
Ghost of Igloi wrote:
VTI will continue to be a huge loser in 2022.
It's alright, it's in my roth. I'm not retiring for 30+ years.
OK, you are young, probably matters little.
I do think you’ll change your opinion on that in a matter of months if not weeks.
Ghost of Igloi wrote:
investing noob wrote:
It's alright, it's in my roth. I'm not retiring for 30+ years.
OK, you are young, probably matters little.
I do think you’ll change your opinion on that in a matter of months if not weeks.
Oh dang, any suggestions for where to put the money? It hasn't settled yet. Bonds? Value stock ETF?
Prof. Racket wrote:
Ghost of Igloi wrote:
Imagine being bullish on GDP when the $Trillions in Government handouts are ending.
lol. Not totally wrong though, that is a valid concern on the horizon.
I don’t get you at times. You rip boomers, yet those people that compound the mistakes the past decade lead this country. Be it Trump, Biden, Clinton, Bernanke, Powell, or Yellen. Incompetent turds that have run this country into the ground. The fakeness of it all should be apparent to even the most naive,
Ghost of Igloi wrote:
HSGFX will continue to be a huge winner in 2022.
Down 5.4% yoy.
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