Stock market tips and experiences

[XutvJet]

There are way more investment options than just Tesla and Apple, folks. Diversify.

[Tyga11]

Is anyone loading up on QQQ at this price? Or do ya'll think the Nasdaq is going to retest new lows?

[Chi_weezy]

Originally Posted by Tyga11

Is anyone loading up on QQQ at this price? Or do ya'll think the Nasdaq is going to retest new lows?

Not adding until new lows. SPY 320-340 area for me personally. Prob get a bounce here soon but most likely short lived

[Chick Webb]

Originally Posted by Tyga11

Is anyone loading up on QQQ at this price? Or do ya'll think the Nasdaq is going to retest new lows?

Top 10 Holdings of QQQ are:

Microsoft Corp 12.43%
Apple Inc 11.79%
Amazon.com Inc 6.03%
Alphabet Inc Class C 3.78%
Alphabet Inc Class A 3.75%
NVIDIA Corp 3.61%
Tesla Inc 3.29%
Meta Class A 2.33%
PepsiCo Inc 2.26%
Broadcom Inc 2.01%

That's cumulatively almost 52%. So, QQQ is a bet on mega cap tech stocks, essentially. If you think that those have been beat up enough to be good values at this point, then I'd say you should be buying. If you think they have a bit lower to go yet, then there's no rush. Q1/Q2 earnings are not likely to be pretty. So, historically they are cheap, but in the future, who knows?

Personally, I think AAPL and MSFT, which are the last two holdouts in that group, still may have a little way to go. I've been saying for months that I'm a buyer of AAPL at $130, though I wouldn't be surprised to see it go down another 5% from there. Will add to MSFT if it gets much below $240. Sold some expensive AMZN to offset gains today (hate paying taxes) and will likely be buying again in late Jan/early Feb. Same w/GOOG.

[Chi_weezy]

Originally Posted by Chick Webb

Top 10 Holdings of QQQ are:

Microsoft Corp 12.43%
Apple Inc 11.79%
Amazon.com Inc 6.03%
Alphabet Inc Class C 3.78%
Alphabet Inc Class A 3.75%
NVIDIA Corp 3.61%
Tesla Inc 3.29%
Meta Class A 2.33%
PepsiCo Inc 2.26%
Broadcom Inc 2.01%

That's cumulatively almost 52%. So, QQQ is a bet on mega cap tech stocks, essentially. If you think that those have been beat up enough to be good values at this point, then I'd say you should be buying. If you think they have a bit lower to go yet, then there's no rush. Q1/Q2 earnings are not likely to be pretty. So, historically they are cheap, but in the future, who knows?

Personally, I think AAPL and MSFT, which are the last two holdouts in that group, still may have a little way to go. I've been saying for months that I'm a buyer of AAPL at $130, though I wouldn't be surprised to see it go down another 5% from there. Will add to MSFT if it gets much below $240. Sold some expensive AMZN to offset gains today (hate paying taxes) and will likely be buying again in late Jan/early Feb. Same w/GOOG.

Nice. I sold some of my positions for profits that I grabbed in June and July. Like AMD sold at $71 from $70 and went short to $66. NVDA locked in a really nice profit. Will buy back around $120 IF we get down there. NVDA relative strength against AMD for sure.

Looking to add SNOW and DDOG at new lows, bunch of others. Basically I have like 120k in from June/July with some nibbling in between then and now. And gone deploy another 80 or so if/when we make new lows

Was up like 15% on that rally, locked in $9k profits. Now down 15%. It’s long term but I actively manage it

[whyzee125]

My advice? If you have to make this thread, stay out. Get a financial advisor or invest in a portfolio. I know a LOT of people (myself included) who play around with stocks and nobody has ever come out ahead yet. My friends who have safe diverse investments or use portfolios/investors always win.

[Tyga11]

Originally Posted by whyzee125

My advice? If you have to make this thread, stay out. Get a financial advisor or invest in a portfolio. I know a LOT of people (myself included) who play around with stocks and nobody has ever come out ahead yet. My friends who have safe diverse investments or use portfolios/investors always win.

You don't know anyone who has made money in stocks? Sounds like you don't know the right people.

[Chi_weezy]

Originally Posted by Tyga11

You don't know anyone who has made money in stocks? Sounds like you don't know the right people.

Lol. True. But he’s right most people that day trade (roughly 90%), and most people that dabble in stocks, lose. And by dabble I mean buy hype names and meme stocks at all time highs. Or just buy a stock because someone told them to or they saw an article about it.

If you’re serious about it and dedicate time to charting and studying, educating yourself, you can manage your own portfolio. You can even day trade if you put in the years. Been doing it 3+ yrs so have a little experience there.

Imo besides day trading and swing trading, buying high quality companies during recessions/crashes/major pull backs for the long term is the best and “easiest” way to see nice growth

[antzcrashing]

Originally Posted by Chi_weezy

My gameplan for the long term portfolio. Adding at these levels. Let’s see how it plays out.

Agree with the pre-Covid high as a buy target. I will also add some at the 52-week low

[antzcrashing]

Originally Posted by ASAP

u forget the massive amount of competition that Tesla is now running into... Kia / Hyundai's / BMWs and FORDs EV have taken off massively... if tesla's build quality doesn't go up and they just continue to chase numbers, there will be hell to pay once real automotive manufacturers catch up their volumes...

I refute this claim, I think Tesla will hold up well against the big players because they all focus on profits first and adoption second, Tesla goes for the latter first. And they wont be able to keep up with Tesla’s innovation. These are unpopular opinions but they are mine. I also say this as someone that is more like to buy the bmw i4 than a model 3 or S.

[antzcrashing]

Originally Posted by Chick Webb

Clearly it's going to be a rough couple of months as they go through the inevitable waves of infections that re-opening will create. But it's going to happen and given slowing demand for China's products (particularly electronics) the disruptions in the West will likely be minimial. The government has pledged massive support to get the economy moving again, and we're likely to see something of a boom in activity as they climb out of their self-induced zero-COVID hole. It won't be the $1.5 Trillion-fueled one that we saw, but it will be significant.

KWEB, WYNN, others all bouncing around a bit, but they have run up about 30% in the last couple of months in anticipation of improving conditionis there. I expect that'll continue, especially after Lunar NY in mid-Jan.

I recently bought a small position in WYNN for that reason, plus they are doing well in US

[antzcrashing]

Originally Posted by whyzee125

My advice? If you have to make this thread, stay out. Get a financial advisor or invest in a portfolio. I know a LOT of people (myself included) who play around with stocks and nobody has ever come out ahead yet. My friends who have safe diverse investments or use portfolios/investors always win.

My dad, who has done pretty well for himself, once got an advisor. He knew more than the guy and fired him after a short time. You don’t need to beat the market indexes to make it worth doing yourself. Have you ever changed your own oil? It hardly saves money, you just know it’s done right and you inspect your car each time.

[2008M36MT]

Originally Posted by antzcrashing

My dad, who has done pretty well for himself, once got an advisor. He knew more than the guy and fired him after a short time. You don’t need to beat the market indexes to make it worth doing yourself. Have you ever changed your own oil? It hardly saves money, you just know it’s done right and you inspect your car each time.

Except that 80-90% of people who do undertake change their own oil don’t end up blowing their engines as a result of doing it incorrectly, most indvidual investors end up losing money (assuming the stats are correct), so not a really good example.

[Tyga11]

Originally Posted by antzcrashing

My dad, who has done pretty well for himself, once got an advisor. He knew more than the guy and fired him after a short time. You don’t need to beat the market indexes to make it worth doing yourself. Have you ever changed your own oil? It hardly saves money, you just know it’s done right and you inspect your car each time.

Exactly. Most FA's are morons and don't know anything. Now, that doesn't apply for ultra high wealth individuals who hire FA's in a different tier and have access to things us 'normal' folk don't

[Tyga11]

Originally Posted by Chi_weezy

Lol. True. But he’s right most people that day trade (roughly 90%), and most people that dabble in stocks, lose. And by dabble I mean buy hype names and meme stocks at all time highs. Or just buy a stock because someone told them to or they saw an article about it.

If you’re serious about it and dedicate time to charting and studying, educating yourself, you can manage your own portfolio. You can even day trade if you put in the years. Been doing it 3+ yrs so have a little experience there.

Imo besides day trading and swing trading, buying high quality companies during recessions/crashes/major pull backs for the long term is the best and “easiest” way to see nice growth

I see you are in Arizona - what part? You are welcome to join one of our cruises if you’d like. Looking to set something in January…check out the SW sub forum for G80s!

[Chi_weezy]

Originally Posted by Tyga11

I see you are in Arizona - what part? You are welcome to join one of our cruises if you’d like. Looking to set something in January…check out the SW sub forum for G80s!

Hey! Yessir. Tucson. Thanks. I’ll check it out for sure. I actually haven’t even picked up my M4 yet lol. It’s in San Diego. Looking forward to it.

[Tyga11]

Originally Posted by Chi_weezy

Hey! Yessir. Tucson. Thanks. I’ll check it out for sure. I actually haven’t even picked up my M4 yet lol. It’s in San Diego. Looking forward to it.

Nice - I went to U of A. Hit up the sub forums when you get it...I'm actually looking to get down to Mt. Lemmon soon for a cruise. Haven't been down there in awhile

[Chi_weezy]

Originally Posted by Tyga11

Nice - I went to U of A. Hit up the sub forums when you get it...I'm actually looking to get down to Mt. Lemmon soon for a cruise. Haven't been down there in awhile

Oh me too! Graduated 2009. Mt Lemmon is great. I’ll be back in az around mid January

[XutvJet]

Originally Posted by Tyga11

Exactly. Most FA's are morons and don't know anything. Now, that doesn't apply for ultra high wealth individuals who hire FA's in a different tier and have access to things us 'normal' folk don't

Truth. I fired my FA back in 2013 and should have done it way earlier. I was just too lazy (and nervous) to manage my own investments. After some reading, research, and figuring out just how much money my FA was costing me annually (about 1.5% of my portfolio), losing money on high fee actively managed funds, and growing real tired of asking and paying him to buy/sell investments, I fired him and moved all my money to Vanguard. The value of my account skyrocketed between 2013 and now. My 76 y/o mother, whom I met my FA though, still manages her account. She thinks I have not clue on how to manage my money and that there is no way my accounts have done so well

I do plan to hire a fiduciary next year to go over our portfolio and future plans.

Not until our account reaches $3M+ would I consider hiring another FA. At that point, I'll hire one that I pay by the hour and not one to manage my accounts. Screw that.

[Tyga11]

Originally Posted by XutvJet

Truth. I fired my FA back in 2013 and should have done it way earlier. I was just too lazy (and nervous) to manage my own investments. After some reading, research, and figuring out just how much money my FA was costing me annually (about 1.5% of my portfolio), losing money on high fee actively managed funds, and growing real tired of asking and paying him to buy/sell investments, I fired him and moved all my money to Vanguard. The value of my account skyrocketed between 2013 and now. My 76 y/o mother, whom I met my FA though, still manages her account. She thinks I have not clue on how to manage my money and that there is no way my accounts have done so well

I do plan to hire a fiduciary next year to go over our portfolio and future plans.

Not until our account reaches $3M+ would I consider hiring another FA. At that point, I'll hire one that I pay by the hour and not one to manage my accounts. Screw that.

The biggest value add of an FA is 'talking you off the ledge' when the market tanks. Some people need that...

If an FA was so valuable, they would just day trade their own account and make themselves rich other than taking 1% or whatever it is.

[2008M36MT]

It’s as if the Democrats are trying to cancel Musk by getting him removed from Tesla…that’s what the conspiracy theorist in me thinks.

[XutvJet]

Originally Posted by 2008M36MT

It’s as if the Democrats are trying to cancel Musk by getting him removed from Tesla…that’s what the conspiracy theorist in me thinks.

It has nothing to do with politics. This is all Elon's doing and his ever expanding ego. Seems to happen to many of the ultra wealthy and famous. They think they are the authority on everything because of their social and financial status. It's really sad to Elon going down this path as I thought he was smarter than this.