So if you had $50K to invest, where would you put it?

M4_GTS · 06-19-2020, 01:26 PM

Quote:

Originally Posted by corn18

I see. This is only for people who want to talk about penny stocks and quick flips. I must have misread the topic.

No. Not at all. But it seems like you're just shitting on all the penny stocks being posted here. Like I said, these are short term flips and not holding for the long term.. so how the company is doing financially is less of a concern.

I did ask you what you think of Boeing just so you dont feel too left out and I am actually thinking of buying in. But I guess you only want to be critical of our penny stocks.

corn18 · 06-19-2020, 02:28 PM

Quote:

Originally Posted by M4_GTS

No. Not at all. But it seems like you're just shitting on all the penny stocks being posted here. Like I said, these are short term flips and not holding for the long term.. so how the company is doing financially is less of a concern.

I did ask you what you think of Boeing just so you dont feel too left out and I am actually thinking of buying in. But I guess you only want to be critical of our penny stocks.

I don't hold any individual stocks. I tried a while back and I can't handle the emotional side of investing. I'm good at buying high, panicking and selling lower than what I bought in at. And then I got into naked puts and calls (on margin, no less) for a year. Thankfully the market stayed relatively flat while I figured out how stupid that was.

M4_GTS · 06-19-2020, 02:35 PM

Quote:

Originally Posted by corn18

I don't hold any individual stocks. I tried a while back and I can't handle the emotional side of investing. I'm good at buying high, panicking and selling lower than what I bought in at. And then I got into naked puts and calls (on margin, no less) for a year. Thankfully the market stayed relatively flat while I figured out how stupid that was.

That's a good idea. I take it you hold ETF?

corn18 · 06-19-2020, 02:39 PM

Quote:

Originally Posted by M4_GTS

That's a good idea. I take it you hold ETF?

Index mutual funds. Even here, I buy mutual funds so I can't trade them during the day or after hours.

Rmtt · 06-19-2020, 03:21 PM

Quote:

Originally Posted by corn18

I don't hold any individual stocks. I tried a while back and I can't handle the emotional side of investing. I'm good at buying high, panicking and selling lower than what I bought in at. And then I got into naked puts and calls (on margin, no less) for a year. Thankfully the market stayed relatively flat while I figured out how stupid that was.

That's brave. I wouldn't even think of getting into calls and such...much less margins.

I'm fairly confidant....but not that confidant!

Rmtt · 06-19-2020, 03:25 PM

Quote:

Originally Posted by corn18

Index mutual funds. Even here, I buy mutual funds so I can't trade them during the day or after hours.

That's my ultimate goal in all of this. I wait until a build up a decent amount above my day trader status of $25K. Like $5K or more. I then wait for a down day in the market and I buy into mutual funds whem they are lower and those are funds I do not touch again.

So in essence....I'm turning my "flips" into long term investments.

NeverL8 · 06-19-2020, 04:49 PM

Quote:

Originally Posted by Rmtt

That's my ultimate goal in all of this. I wait until a build up a decent amount above my day trader status of $25K. Like $5K or more. I then wait for a down day in the market and I buy into mutual funds whem they are lower and those are funds I do not touch again.

So in essence....I'm turning my "flips" into long term investments.

What would be a good mutual funds to invest to?

damageprone · 06-19-2020, 04:58 PM

Quote:

Originally Posted by TheRussski

What would be a good mutual funds to invest to?

Low cost index funds are the way to go IMO.

NeverL8 · 06-19-2020, 05:26 PM

Quote:

Originally Posted by damageprone

Low cost index funds are the way to go IMO.

Like QQQ, VOO and DIA? Sorry I’m a noob

corn18 · 06-19-2020, 05:28 PM

Quote:

Originally Posted by TheRussski

Like QQQ, VOO and DIA? Sorry I’m a noob

Like VTI, BND and VXUS

MisterF80M3 · 06-19-2020, 06:44 PM

Quote:

Originally Posted by TheRussski

Quote:

Originally Posted by Rmtt

That's my ultimate goal in all of this. I wait until a build up a decent amount above my day trader status of $25K. Like $5K or more. I then wait for a down day in the market and I buy into mutual funds whem they are lower and those are funds I do not touch again.

So in essence....I'm turning my "flips" into long term investments.

What would be a good mutual funds to invest to?

VTI and VOO is the best index funds you can buy, IMO.

floridaorange · 06-19-2020, 07:30 PM

Thanks to UONEK I made back what I lost this past week from GNUS.

Rmtt · 06-19-2020, 09:22 PM

Quote:

Originally Posted by TheRussski

What would be a good mutual funds to invest to?

ETFs should be considered as well...I like MGK and VGT from Vanguard.

Look through their list and buy what appeals to you, your risk tolerance, time horizon, etc.:
https://investor.vanguard.com/etf/li...th-end-returns

NeverL8 · 06-19-2020, 10:38 PM

Quote:

Originally Posted by FCobra94

ETFs should be considered as well...I like MGK and VGT from Vanguard.

Look through their list and buy what appeals to you, your risk tolerance, time horizon, etc.:
https://investor.vanguard.com/etf/li...th-end-returns

Thank you, that link was very helpful!

Rmtt · 06-20-2020, 07:13 AM

New tweet from Xspa. They are the group that created xprescheck.

Rmtt · 06-20-2020, 07:22 AM

Quote:

Originally Posted by Soul_Glo

Porn. Stable industry in these volatile times.

Lol.....welcome back.

I don't know if I could explain that investment to my wife....with a straight face anyways.

floridaorange · 06-20-2020, 10:14 AM

We thinking Monday is gonna surge black owned biz?

$CARV

$UONEK

$UONE

$BYFC

$AMS

06-20-2020, 05:53 PM

Was looking at ACTT stock and noticed it had a warrant, ACTTW. Is there anywhere on think or swim that shows the ratio of warrants needed for a stock? I could only find it on another site that said 9.2:1. If that's the case would the stock need to hit whatever the warrant is at x9.2 to be profitable, for example if the warrant is $2 the stock would have to hit $18.4?

premier3is · 06-21-2020, 11:40 AM

Quote:

Originally Posted by corn18

Quote:

Originally Posted by M4_GTS

No. Not at all. But it seems like you're just shitting on all the penny stocks being posted here. Like I said, these are short term flips and not holding for the long term.. so how the company is doing financially is less of a concern.

I did ask you what you think of Boeing just so you dont feel too left out and I am actually thinking of buying in. But I guess you only want to be critical of our penny stocks.

I don't hold any individual stocks. I tried a while back and I can't handle the emotional side of investing. I'm good at buying high, panicking and selling lower than what I bought in at. And then I got into naked puts and calls (on margin, no less) for a year. Thankfully the market stayed relatively flat while I figured out how stupid that was.

Ouch. Well hopefully you made some nice premiums. The dangers of naked calls and puts are pretty scary with their unlimited loss potentials. Must hedge the trade.

Jordan's World · 06-21-2020, 12:10 PM

Current for fun positions going into the week:

XSPA (pre split) $1.7x
SGBX $2.60
UAVS $1.44

Still cash heavy, but closed out all of my airline positions and just have BA, DIS, SHOP for my large caps.

floridaorange · 06-21-2020, 01:55 PM

Any opinions on a potential additional APT surge Mon?

BimmerDimmer6 · 06-21-2020, 06:40 PM

Quote:

Originally Posted by Jordan's World

Current for fun positions going into the week:

XSPA (pre split) $1.7x
SGBX $2.60
UAVS $1.44

Still cash heavy, but closed out all of my airline positions and just have BA, DIS, SHOP for my large caps.

I have UAVS too when are you going to sell?

06-20-2020, 07:13 AM	#1731
Rmtt Colonel 8203 Rep 2,250 Posts Drives: 2011 BMW 128i, 2008 LS3 C6 Join Date: Jan 2019 Location: South Carolina iTrader: (3)	New tweet from Xspa. They are the group that created xprescheck. Attached Images __________________ Everybody has a gameplan....until they get punched in the mouth.
	Appreciate 2 Jordan's World429.00 Quote

06-20-2020, 05:53 PM	#1734
Doge Guest 0 Rep n/a Posts Drives:	Was looking at ACTT stock and noticed it had a warrant, ACTTW. Is there anywhere on think or swim that shows the ratio of warrants needed for a stock? I could only find it on another site that said 9.2:1. If that's the case would the stock need to hit whatever the warrant is at x9.2 to be profitable, for example if the warrant is $2 the stock would have to hit $18.4?
	Appreciate 0 Quote

06-21-2020, 12:10 PM	#1736
Jordan's World Private 429 Rep 73 Posts Drives: 2013 128i M-Sport Coupe Join Date: Nov 2019 Location: Orlando, FL iTrader: (0)	Current for fun positions going into the week: XSPA (pre split) $1.7x SGBX $2.60 UAVS $1.44 Still cash heavy, but closed out all of my airline positions and just have BA, DIS, SHOP for my large caps.
	Appreciate 2 BimmerDimmer61473.00 Rmtt8203.00 Quote