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Accurate depiction of @Faux Sean Callahan when he finds out the old guy is in town and, as usual, will be paying for all of the Busch Lattes……😎
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Stock Market/Investing/Day Trading/Speculative Trading Thread
- Thread starter That SOB Van Owen
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A man can only consume so many “Arnold Palmers” … or ☕
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if I didn’t know better I’d say this was some sort of gay code
Whatever, love is love go crazy you 2
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Let’s just say that it’s been many years since Hog has woken up with a hangover…..😎
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If you're looking to set up a buy & hold portfolio (as opposed to day trading/stock picking/speculation), I like M1 Finance. No fees, and easy to use. The 'no fees' part is important - that can really sap your earnings over time.
As for portfolio composition, IMO the best place to start is with the All Weather Portfolio. Basically it was a proposal from personal finance book author Tony Robbins and Ray Dalio, co-founder of the world's largest hedge fund firm. (Forbes has him in the top 100 richest people in the world.)
The portfolio assets are divided up like this: 40% long-term bonds, 30% stocks, 15% intermediate-term bonds, 7.5% gold, 7.5% commodities.
Why do I like that portfolio? Well, here's some footage of that portfolio rolling through the Great Recession and covid shutdown periods:
Notice what you don't see there? No huge drops during periods when the stock market took a dive and recessions hit. Imagine it's 2008, shit has hit the fan all over the economy, and you just lost your job. And you take a look at your portfolio to see how bad the damage is, and it's... next to nothing? Halle-fucking-lujah!
There's definitely portfolios out there that will earn you more money in the long term, but don't underestimate the value of not shitting your pants when things take a downturn!
Anyway, I've got plenty more I can say, but that's all I have time to write for now...
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No offense, but good luck retiring with 55% in bonds. If you're young enough, you should have VERY little, if any in bonds. That being said, you need to have them if you are close to retiring/are retired but as an advisor, I would almost never put a client 55% into bonds, unless they were EXTREMELY conservative and not worried about running out of money.If you're looking to set up a buy & hold portfolio (as opposed to day trading/stock picking/speculation), I like M1 Finance. No fees, and easy to use. The 'no fees' part is important - that can really sap your earnings over time.
As for portfolio composition, IMO the best place to start is with the All Weather Portfolio. Basically it was a proposal from personal finance book author Tony Robbins and Ray Dalio, co-founder of the world's largest hedge fund firm. (Forbes has him in the top 100 richest people in the world.)
The portfolio assets are divided up like this: 40% long-term bonds, 30% stocks, 15% intermediate-term bonds, 7.5% gold, 7.5% commodities.
Why do I like that portfolio? Well, here's some footage of that portfolio rolling through the Great Recession and covid shutdown periods:
Notice what you don't see there? No huge drops during periods when the stock market took a dive and recessions hit. Imagine it's 2008, shit has hit the fan all over the economy, and you just lost your job. And you take a look at your portfolio to see how bad the damage is, and it's... next to nothing? Hallelujah!
There's definitely portfolios out there that will earn you more money in the long term, but don't underestimate the value of not shitting your pants when things take a downturn!
Anyway, I've got plenty more I can say, but that's all I have time to write for now...
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@RedSavage Bonds ain't there to make you money, they're there so you ain't shitting your pants when things take a turn for the worse. And that isn't my actual portfolio, just something I consider a good, safe starting point for a noob who has no idea what they're doing. And again, there's a lot more I can say about directions you could go with a port, I just don't have time to type it right now...
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Oh definitely. I think we're in agreement but you really only need to worry about that if you're retired or getting somewhat close to retirement. There's other means to avoid shitting the bed when everything goes to hell. It all depends on your age, risk tolerance, time horizon, income needs, etc.
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@RedSavage Retirement is one thing that calls for being conservative, and the other is just avoiding panic selling or having to dig deep into your nest egg when things are trending downward. Retirement age is a relatively fixed point in life, but recessions can happen at any time.
TBH, I feel like a lot of financial advice over-emphasizes retirement. I mean obviously it's a huge goal, but the concerns of that need to be balanced against the concerns of all the other years of your life. Retirement advice tends to act like you need to plan like you're gonna live to be 100, but the reality is that it's just as likely that you'll only live to be 50 and die before you even reach retirement age. And if it happens that you're one of those unlucky ones, did your financial decisions enrich the years that you did have on this earth? Or was it wasted on the hope of a future that never even happened for you?
TBH, I feel like a lot of financial advice over-emphasizes retirement. I mean obviously it's a huge goal, but the concerns of that need to be balanced against the concerns of all the other years of your life. Retirement advice tends to act like you need to plan like you're gonna live to be 100, but the reality is that it's just as likely that you'll only live to be 50 and die before you even reach retirement age. And if it happens that you're one of those unlucky ones, did your financial decisions enrich the years that you did have on this earth? Or was it wasted on the hope of a future that never even happened for you?
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Quitter
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This is a glimpse of what it is like to run rss
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Pete Najarian celebrating the 4th
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What's your guy's biggest winner lately?
I bought TQQQ in the middle on the pandemic and caught a 23.60 cost basis. It has since appreciated $104 to 128.42 (444%).
I have had a handful of trades in companies like czr, f, REGI, DCP and six all of which I've hit big gains. I think all of those have been at least a triple.
NVDA has had a nice run lately too. Up 49.9% in Q2
I bought TQQQ in the middle on the pandemic and caught a 23.60 cost basis. It has since appreciated $104 to 128.42 (444%).
I have had a handful of trades in companies like czr, f, REGI, DCP and six all of which I've hit big gains. I think all of those have been at least a triple.
NVDA has had a nice run lately too. Up 49.9% in Q2
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the street = nothing
gambling = had a $200 parlay on England ML with the match over for +300 (so that was sweet)
my wife has dual citizenship so I'm gonna stay rolling with the Brits through this Euro cup
PS: hope everybody saw this absolute beauty watching the match in the front row. I'll set the over under on number of years spent in prison in his life at 14
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NVDA right at 200, was my best. (Minus my doge meme)
Index plays were safe and easy $$$
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I bought nvda at 213 in March 2020 and the bought more 540 in February 2021.
It is on a hell of a run.
Really thinking about trimming
