Stocks/Investing

AssBurns

will wheel for beer
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#3
I am going to be coming up on a pretty penny in the next few weeks likely, and am wondering if I should be dumb and dump a bunch of it in the currently low stocks, or if I should hold it and do something else with it. I am not the kind of person to constantly follow the market and do day trading type stuff. I'm young enough to put it in some higher risk investments. What are you guys that actually follow the market thinking about all this?
 

Thesandaddict

The dude
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May 7, 2019
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32
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West Covina
#4
Father in law just admitted to panic selling everything he had last week. At least he owns his home. He came out well but hes older and in poor health. Said he wants his funds liquid so he can split and travel if the chances arises (after this first month of mania anyways).
Never trusted stocks myself since they can be so easily manipulated, especially after watching my 401k dive this month.
Cousins are into bitcoin mining and have a side business doing it but besides that...nope. I spend my cash on experiences lol. Should probably save a little more though.
 
Joined
Apr 23, 2019
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#5
Hold off. The market won't hit bottom until this virus is contained. I pulled all my money out 2 weeks before the crash hit and I'm still holding all cash in my portfolio
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
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2,898
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Bishop, CA
#6
I think the US economy is fucked. GDP is going to crater. The market will react to that in April. That reaction will not be good. I'm guessing the market goes south of 15000. If you want to invest do it in a blue chip that pays dividends. ATT is trading at a bargain and it has a 6% dividend. That will help offset any short term market corrections.

TLDR: Buy ATT after April GDP report
 

AssBurns

will wheel for beer
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#7
Father in law just admitted to panic selling everything he had last week. At least he owns his home. He came out well but hes older and in poor health. Said he wants his funds liquid so he can split and travel if the chances arises (after this first month of mania anyways).
Never trusted stocks myself since they can be so easily manipulated, especially after watching my 401k dive this month.
Cousins are into bitcoin mining and have a side business doing it but besides that...nope. I spend my cash on experiences lol. Should probably save a little more though.
Yeah it's pretty crazy right now. It's very easy to lose your ass if you pull at the wrong time. No way to really know that without some insider trading, which we know the elected officials are great at lol.
Hold off. The market won't hit bottom until this virus is contained. I pulled all my money out 2 weeks before the crash hit and I'm still holding all cash in my portfolio
Yeah? What are some things to look for when putting your money back in the market?
I think the US economy is fucked. GDP is going to crater. The market will react to that in April. That reaction will not be good. I'm guessing the market goes south of 15000. If you want to invest do it in a blue chip that pays dividends. ATT is trading at a bargain and it has a 6% dividend. That will help offset any short term market corrections.

TLDR: Buy ATT after April GDP report
Good to know. Never heard of Blue Chip stocks before. Had to google that one lol.
I am thinking it'll end up around that range too with my limited knowledge. I will likely be getting my check(s) in the first week and third week of April, so I'll be right on track for that GDP report.
I just need to get setup on something to start investing. Where do you guys trade?
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
Messages
2,898
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Bishop, CA
#8
Where do you guys trade?
E-Trade. I used another platform called OptionsHouse that was purchased by E-trade a few years ago. I was worried that E-trade would be worse but they are much better. They took the best parts of OptionsHouse and built around that. Their charting software is the best you can get for free. Did I mention it's free? Options, stocks, and ETF's all trade for zero commission.
 
Joined
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869
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38
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Mississippi
#9
I use Td ameritrade and charles schwab. Schwab has one of the lowest index mutual fund cost. I like the thinkorswim app that Td Ameritrade has.
ATT borrowed a bunch of money to do stock buy backs and expanding. their credit rating is bbb right above junk. They are going lower after they need a bail out and have to stop paying dividends. Buy it then
 

4runner DOA

Hold my beer
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Oct 2, 2018
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OC
#10
I have a dividend stocks that pays out pretty well. Was 20/share before all this shit, now it's at 9. Might buy some more. It's an investment company so should go back up when all this shit ends.
 

Itaro

Mommas don’t let your babies grow up to be soybois
Shit poster
Joined
Oct 5, 2018
Messages
7,470
#19
Sorry man. I didn’t know.
I got the joke, I didn’t take offense.
She is alive, we have a spot in a wall at forest lawn. It’s got room for four urns and when her time comes she’s going to be next to my dad.

She’s also been living with cancer for the last three years so she’s beaten the odds so far :thumbsup:
 

AssBurns

will wheel for beer
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#20
@theesotericone with eTrade, you have to hold money in the account for a specified number of days before you can invest? I put $50 in to get started and mess with things, but it says the "cash available for investment" is $0, even though the "Net Account Balance" and "Net Cash Value" is $50. Say I wanted to put a few thousand in there; do I need to put that money in the account weeks ahead of time, or is that for first deposit only?
 
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