#fucktw and useless bullshit

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
Messages
2,782
Location
Bishop, CA
End of the month should be fun. Battery news coming out on the 28th.
Battery Day is the 22nd. lol Try and keep up man.

I made 3K in my IRA on TSLA today. Picked up 2 call options at 7:30 AM and sold them at 12 PM. Not bad for a 4 1/2 hour trade. TSLA, AAPL, and NVDA have been option traders dreams the last year.

If your holding long term you'll be fine. Like 10 years or more long term. If not be very careful with TSLA. It's trading at 1157 P/E as of todays close. That's really, really, really, really, really fucking high. By standard metrics it should have a market cap of 50B. It's currently got a MC of 419B. I'm not saying it's gonna crater back to 50 bucks a share but it will come back to reality sooner rather then later.

Do you know how to set trailing stops with your account?
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
Messages
2,782
Location
Bishop, CA
While we're on the topic, what stocks would you guys recommend investing in long term?
Depends on long term growth goals and how much your looking to invest currently. Dividend aristocrats are good if you want solid low risk growth. I'm very long on NVDA but it's not a cheap stock currently.

So, how much do you want to invest?


I'm not that smart about investing, but I have a Roth IRA and it's pretty aggressive since I'm still young. Since I've opened it, I'm about 13% growth as of today. Never tried to do stocks.
If you have a managed ROTH 13% is about market average between the 3 indexes year to date. I manage my own IRA. I'm up over 200% YTD. It takes a lot of time to do what I've done. It also takes a bit of luck. If your long term learning about stocks now and managing your own money is the way to go.
 
Joined
Oct 6, 2018
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35
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Socal
Depends on long term growth goals and how much your looking to invest currently. Dividend aristocrats are good if you want solid low risk growth. I'm very long on NVDA but it's not a cheap stock currently.

So, how much do you want to invest?




If you have a managed ROTH 13% is about market average between the 3 indexes year to date. I manage my own IRA. I'm up over 200% YTD. It takes a lot of time to do what I've done. It also takes a bit of luck. If your long term learning about stocks now and managing your own money is the way to go.
It’s managed. I have no idea what I’m doing, but it going in the right direction. I’m slowly learning stuff here and there, but I’m your typical super conservative guy. More I know them I’ll start throwing money at it and calculate my risk.
 

AssBurns

will wheel for beer
Staff member
Joined
Oct 1, 2018
Messages
6,047
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28
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Yucaipa, CA
Also @AssBurns since you've given me excellent financial advice before
My advice that I don't know shit about trading. My new employee has been teaching me a little here and there about it, but I don't know shit about trading like some of these guys.

I just push $100 or so here and there into my account and make a very uneducatede investment into things that catch my eye. So far I'm mostly up, but not across the board.
 

SlashX

The outlaw has mercy.
Joined
Oct 21, 2018
Messages
1,892
It’s managed. I have no idea what I’m doing, but it going in the right direction. I’m slowly learning stuff here and there, but I’m your typical super conservative guy. More I know them I’ll start throwing money at it and calculate my risk.
Tax now or Tax later. Do you think the tax rate will be lower in 20 years when you need it?
 

Nicklovin

OC Broverland
Snowflake
Joined
Oct 15, 2018
Messages
873
Age
24
Location
Orange County
Depends on long term growth goals and how much your looking to invest currently. Dividend aristocrats are good if you want solid low risk growth. I'm very long on NVDA but it's not a cheap stock currently.

So, how much do you want to invest?




If you have a managed ROTH 13% is about market average between the 3 indexes year to date. I manage my own IRA. I'm up over 200% YTD. It takes a lot of time to do what I've done. It also takes a bit of luck. If your long term learning about stocks now and managing your own money is the way to go.
Thank you. Off the bat maybe a few thousand. Once I get comfortable with stocks, probably 10k or so. My thought process is I'm better off learning the stock market and investing my money there versus having all my money sitting in the bank collecting very little growth.
put money in every month and don’t pay tax when you withdraw at retirement. So you don’t pay tax on your gains.

edit : your money has already been taxed from work.
Ah okay. Is it money straight from your paycheck? My work does something similar
 
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