You could say that about most any stock, MF, or index at this time though.
Well, VFINX (Vanguard 500 Index Fund Investor Shares) mgt fee was 0.14% before closure. VOO ETF is 0.03%. It depends how much one invests.
Yeah you're most likely right. But if you feed a wolf thats about to be shot in the back of the head tomorrow it may not be a great idea. I was trying to highlight how uncertain this market is. If I was trying to play long term and safe it wouldn't be right now. I wouldn't advise Haggin to inject liquid savings into a MF at this time. Monitor markets closely and see what happens, if were playing long and safe. Spy was 220 3 days ago and 260+ at close today. Volatility is crazy. We could be bull or bear market. Feels like a short squeeze bull trap ATM. This is all relative to age and size of account obviously.
So all in on 200 Spy Puts expiring 4/1? I like your style lol
1st paragraph is me with my IRA.
At this point you gotta hold. Disney is going to be like youre in a bar fight as a 15 year old girl until rona settles down, but ultimately its a true blue. Less bullish on S&P these days for obvious reasons, but potential none the less.
Yep, I'm only looking as a buyer for the time being. I'm not day trading over here.
Yes, I mined some crypto, but backed off once electricity costs rendered mining prohibitive. My cousin's husband, retired stockbroker (series 7) + BBA University of Miami (FL), convinced me trading rather than mining is the way to go. I'm still not totally sold on the concept.
Were at an all time high volatility. As pointed out previously as soon as checks went out in 08 the market tanked. I'm looking to win too, I have long term holdings but also day and swing trade. I also play options and just hit big on spy puts, but IDT after 2-3 straight historic green rebound days that today is a great buy period. Say it with me "Short Squeeze" recent example, Tesla. Good luck
I also day trade some, especially in this market. Price swings last week were lovely if one can stomach the volatility. I've been long on WEN via DRiP since '93, and actually realized some sweet profits when it dipped below 7 last week in my ameritrade account. Also cleaned up a little on ALLY. I've been a classic value investor since day 1. Opportunities are out there.
If you held your position 12 years sure. Called a recession for a reason a bunch of ppl cant afford to hold. Also you would've made a lot more money if you buy at the right time and not the wrong time, buying before the 08 crash you were pretty much holding your dick for 5 years. Obviously bull market reign over a bear, but knowing when to pivot trading strads in those times is what makes ppl that extra nut. Markets always evolve.
No offense, but I just read this post in Matthew McConaughey's voice from Wolf of Wall Street.
I trade stock options. So yeah you're pretty much spot on. Im younger (sub 30) i assume most this thread lies between 45-70. I am willing to YOLO on options because my mantra of "broke or rich" rings a lot different at sub 30 than 45-70. That said I'm building my way to a decently early retirement after working a combined 4 months in 2 years.
Agree. Looking at the big 3 (MGM, Caesar's, and Wynn), it looks like you'd double your money pretty fast with any of them once they open back up.
Also agree. Go more for immediate needs and embrace the basics in this current environment. I'm old-school, and seek value, usually with dividends. Casinos, particularly with the online betting factor, might represent better options. Limit exposure to cruise lines during the near-term.
