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Quoted from scarybeard:I've gone 75% cash until we get a pull back. With the market as overpriced as it is, and the tax reform stuff not a sure thing, I'd rather miss out on a minor bump up than be on board for a big drop
I've move around 75% to cash as well. I'm extremely long in the market 30 years or so. I'll let %25 of my money grow. The market will correct on the next 3 years then I'll slowly drop my money back in.
I did buy Verizon yesterday after the 4% drop. I'm long on VZ.
Quoted from rai:Go to http://www.Bogleheads.org and ask this.
Awesome site. Thanks for sharing.
Quoted from Whysnow:What is the exit strategy from 401k for someone hoping to stop working before 50yo?
Do you have a roth IRA? You may want to start one, if not. As far as hitting 50, what does your day look like when you hit 50? What does your life look like? Answer those questions on a sheet of paper. That'll help you figure out your finances. Also, will you be working part time? Volunteering more? Madison will provide you endless possible part time gigs.
Quoted from uptownsinclair:If the broker continues to lose her money she can fire him. If you lose her money, she has to stay married to you
Exactly! Or she'll never forgive you and divorce your ass which will be EXTREMELY costly. Let her do her. It sounds like you'll be fine either way if you've been saving for awhile.
Quoted from Trekkie1978:Trades I made last week
How do I learn to do what you are doing? Book, YouTube, podcast suggestions? I have a small satchel of money to be gambled and I want to paper trade in the meantime as I build up my funds.
Quoted from Trekkie1978:Bought 1,000 shares of Starbucks at $82.55
Damn sir you are on another level.
Quoted from LITZ:lose, or draw. If I win though, I'll buy tomahawkjim a new pinball machine of his choosing.
sweet!
Quoted from investingdad:This is the first trading day of the month, so I bought the usual (for us) monthly amount.
Quoted from ovfdfireman:if the market is down tomorrow 1000 points, I know I can buy at a 1000 point discount
Buy the best companies & never sell! Well maybe when you die but even then, never sell!
Quoted from Zablon:I work too hard for my money to let someone elses emotions wipe it out in a minute.
But then where is your money? In a saving account? That's like saying I work too hard for my money to grow so I'll leave it in my sock drawer. You only lose if you pick a terrible company and they go under or if you sell your stock. Review post #1515 & #1532 
Quoted from Zablon:If you get sick you won't know, and the likelihood you could give it to your sick grandma is high (just an example)
Objection, Speculation. You're assuming A) Trekkie catches the Corona Virus, B) has no symptoms whatsoever, C) has a Granny who's alive, D) sees Granny and infects her.
All HIGHLY unlikely. Granny's more likely to catch the flu from the casino or venereal disease from shacking up at the old folks home.
Back to STOCKS please. Is big oil really dead? Is XOM toast because of their debt load?
Quoted from Richthofen:if one of the two presidential candidates or another world leader succumbs to the virus
I was worried about the same. Supposedly Ted Cruz has come into contact with someone who tested positive. If several members of Congress or the president or candidates would come down with it, I think there would be mass panic.
Quoted from Zablon:Go do some actual research
Trekkie: claims media is fake, lists media as research resource.
Zablon: claims media is NOT fake, discredits same media as fake.
God I love this thread. What are some really big brands names of Australian companies that I could dump some cash into?
Quoted from PinHigh1:I bought XOM and GE today. What did you buy? Thanks for letting me share
BAC - bank of America. I'll buy some VZ - Verizon soon and lock in that divy
Quoted from Jimmyhonda:I feel for the folks that were looking to retire right now and their 401k’s have been hammered
Yes. I'm of the opinion that one needs to have three years worth of expenses in cash. If the market returns 4% or more, you pull that out. If not you use cash. For example, last year there was a period where the market was up 20%. If you live off of 4% in retirement, that's 5 years worth of income without touching principle.
Quoted from noob-a-tron:Australia down over 5% today so far
But what should I buy from Australia? What is your largest, best run, cash in the bank, company?
Quoted from DBLM:NBA just suspended the season
oh FUCK! ESPN just put it up. Suspend the season. WTF! 
Any thoughts on SLB or HAL? SLB for $12 & HAL for $7. Yeesh! I like SLB a little better because of HAL's debt load. I don't know if HAL will make it long term. On the fence 
Quoted from Zablon:Honestly at this point, who is buying?
Me!
Disney, Bank of America, and whatever else is good. I'm not buying too much but a few hundred$$$$ worth a week. Let em all drop. I've got 40 years left in the market.
Buy and never sell!
Quoted from boscokid:. Cruise Lines with no cruises are worth zero , Airlines with no passengers are worth zero, restaurants with no patrons
Cruise ships can go straight to hell! Don't care of they go under.
The airlines will get a bailout package. Many of the restaurant owners I talked to won't make it two months shutdown. I think alot of restaurants will go under. Support your local Mom and Pop places!
Quoted from Rondogg:That took two years to reach bottom
I'm not really looking for bottom. I'm looking to buy quality brand named companies. If someone was paying $140 for Disney three weeks ago, I buy it for 87$ then $64 then $32. It's a win win win for me. Nothing has really changed. Disney will be fine.
Also I have cash in my 401k, & IRA. I'll buy S&P and individual brands. Then two years from now I'll have cash cash to invest in my fun account. I'll buy more of the same.
That's my plan and I'm dumb enough to stick to it.
Quoted from cottonm4:. What is that called? Is it called insider trading?
Question, did they ever change the law to stop this? Up until, I believe a few years ago this was totally legal and abused by alot of Congress.
They should lose their jobs. The intelligence committee & DOJ should be up their ass. Not to mention the SEC
Quoted from Methos:inflation is staring us in the face with all this $ being pumped in
- The $$$ is king right now, so I don't see inflation being a problem
Quoted from Methos:the national debt is going up faster
- this could be a problem if and when gdp sinks. Last year around this time we could borrow indefinitely with our GDP. Times have changed obviously
Quoted from Methos:Any signs of hope are far and few between.
- It will be interesting to see in two weeks time. Realistically they need to get out a rapid test to the masses. This and only this will likely cut down the virus & infection rates drastically. Right now no one knows if they have it and are not symptomatic.
I'm curious to see how a months shutdown affects restaurants. A lot of small businesses I spoke with don't have unlimited funds to pay their bills. Replacing the gig/service economy is going to be challeging.
Quoted from boscokid:Just talking out my ass here as I have no idea. If the Govt wants to stabilize the markets wouldn't it be a good idea to cut or eliminate long term capital gains?
Say any money put into the market between April 1 and June 30th and held 10y+ is exempt from gains tax. Seems like that would greatly incentivize Buy & Hold investors and take some of the shine off this trend of buying and flipping. Obviously another benefit would be it wouldn't cost anything in the short term only missed tax revenue 10 years from now.
Except they don't want you to invest. They want you to consume! Consume, consume, consume!
Quoted from DBLM:God, this thread is so much civil than some of the other threads here. I asked the mods in the Covid thread to voluntarily eject me from that thread so that I would not fall into that cesspool of a thread. Thanks to everybody for keeping this one so much nicer.
Stick with the cash money! There are a ton of people with really bad takes in that covid thread. Bought a little more BAC & F & T today. Gunna buy some IBM later after a drop. Should have bought DIS at $88. FML
So what does the stock market look like when 250,000, 500,000 or 1Mil people in the US have covid 19?
Quoted from taylor34:here's still a pretty significant chance we don't have this under control by the time school starts.
You might be on the sidelines for a while. The most likely scenario is what you described above. We get things under control for the summer months, then explosion again with the flu season. A double dip if you were. That's when the real unemployment begins.
Quoted from DCFAN:Some of the advantages to the retailer are that the customer is more likely to spend more
And large retailers are credit card companies now. So you spend more & they make money off of the interest. Always ask for cash discount at smaller businesses.
Quoted from barakandl:try paying cash (write a check entire balance) at a car dealership. they will hate your guts and give you the run-a-round. "What kind of monthly payment do you want to make" ugh.... none. "WHAT! f- you, list price is best we can do
Lol. You're doing it wrong! First step, research car you want and find dealer with car. Second, have sales person show you around for like an hour, test drive some other cars. Third, arrive at car you want but make sales bro think it's his idea. Inception type shit. Waste more time. Fourth step, negotiate what's the price? Oh you gotta talk to your manager, fine. Fifth step, this is the best you can do? Brah, I'm outta here. Sixth step, what's the price if I finance thru you? Seventh step, that's way too much still, my wife will kill me. Eighth step, close the deal. You've been at the dealership for three hours at this point. You ask for cash price and if a payment plan is cheaper or gets you more perks, you do that for two months and then pay it off. Boom Tomahawks guide to buy a car.
Or you buy a car online and never talk to a soul.
Quoted from noob-a-tron:He has 11k to invest in something any ideas would be appreciated.
Buy Stocks. 3 to 5 of them & let them ride out til he is 30. Not sexy but investing in companies like Apple over the next 10 years will be a winner. Research & find companies which will thrive and be dominate in the next 10 years. Apple, amazon, etc. Do not buy commodities. I have no clue what silver or platinum will be worth in 10 years but I know Apple will be worth more.
Quoted from Baiter:TSLA had every reason to tank going into covid
TSLA isn't a car company. It's a data company. Think about all the data they have. Every driver, every minute, every day. They are light years ahead of the big car companies in terms of fully autonomous cars.
Quoted from Pin-Pilot:SNAP did even better.
I think I'll keep my snap for a long time
Quoted from pinnyheadhead:Palantir’s technology supposedly was used to find and kill Osama Bin Ladin
It's also used to map gangs, terror organizations, and citizens. It tracks you and everyone else's association. It'll be a winner in the long run. The government uses it for surveillance and power, two things the gov never gives up.
Quoted from Pdxmonkey:Fun look at the dirty side of cruises even pre corona
$20900 - that's a few pinball machines right there.
Quoted from Spyderturbo007:For example, buy stock X and if it goes down 10% you sell, if it's up 20% you sell
Down 8 to 12 percent. That's when I'm out.
Quoted from tacshose:Too late to get into PLTR?
What do you think pltr will look like in 10 years? Less than $20 a share?
Quoted from iceman44:MAC was trading at $6.92 on Nov 6th. Now it's $12
Damn Iceman at $6 it was a steal. There book value is north of $16 per share. It's selling at $12. What's a reasonable exit price? Do you see it going back to $20-$30, precovid panic pricing?
Quoted from DadofTwins:We already max out our 401k and IRA. Now I'm using excess savings account money for daytrading,
Damn dude, what do you do for living? Looking for any interns? 
Quoted from Isochronic_Frost:Should we start a Crypto traders thread
Please do and take your crypto non-sense with ya! But congratulations if you are making monies on it.
Quoted from Isochronic_Frost:Find me another asset that can do that please.
“Total nonsense” because the stock market and fiat make perfect sense
It's not an asset though. It has no value intrinsically. A stock has value when it's based on a solid company that produces goods for a profit. You are trading a currency. So currency trading, not stock trading.
Don't get me wrong, I wish I would have bought when they were less than $1 when I was in college.
Here's a question for the bitcoiners. What's the value on bitcoin when the Chinese government creates it's own virtual currency - already happening and the USA is forced to follow suit?
If I had $25000 would I buy one bitcoin or 5 great company stocks? Easy answer.
Quoted from Spyderturbo007:If you're worried about intrinsic value, why are you trading stock in an attempt to increase your fiat holdings?
"Every gold piece you save is a worker bee to work for you. Every copper it earns is its child that also can earn for you."
I'm not trading anything, I'm buying bits of a company, a company that makes money and will continue to. This company then gives me money when they earn a profit. Bitcoin does not do that. If bitcoin is the future currency then I'll trade my bits of companies out for bitcoin or schmeckles or whatever.
Last post on bitcoin because I like it. I'm happy if you won the bitcoin game. Just don't label it something it is not.
Quoted from jmadonti:ISVCT $25,000
OTCKX $9,800
PDMIX $38,000
PBFKX $25,700
TBCIX $12,000
WFSPX $11,000
Opinion:
ISVCT $25,000
OTCKX $9,800 - vimsx would have been better
Bond funds - VBTLX would have been better.
PDMIX $38,000 - expense ratio .83%
PBFKX $25,700 - expense ratio .34%
What's the difference between these two in terms of holdings?
TBCIX $12,000. - expense ratio .56%
WFSPX $11,000. - expense ratio .03%
I assumed you don't care what's in your holdings. If that's the case then pay less fees.
You have $121500 in assets. 52% in bonds, 8% in small caps, 18% in large cap and the rest in your trust fund.
Honestly if you're in good health and capable you should work until you're 70 or beyond, at least part time & collect SS later in life 68 or later. If you were less risk adverse you may be able to double your money by the time you hit 70.
Go see a Dave Ramsey approve money/retirement person. You pay a fuck ton of fees on those accounts.
Opinions!
Quoted from loren3233:Really hoping the dust settles
Too much ego, perceptual slights, and grudges on internet forums. Hopefully Ice comes back. His insights on why to choose a stock were great and had me reading alot more about the market.
Quoted from iceman44:MAC is in really good position no matter what happens and we KNOW vaccines are on the way.
Thanks ICE! I bought 386 shares just north of 10 and I'm happy to hold especially with today's pop.
Quoted from investingdad:It's how we built a 7 figure portfolio in 16 years
great advice!
Quoted from desertT1:Blackberry
BB was a steal under $3 not so much at $9. Good luck
Quoted from nwpinball:there is a reddit group called wallstreetbets that has 1.9 million members and has been doing the GME short squeeze,
Can someone help me understand this? They are betting for GME & raising the price? How do they all cash out?
Quoted from Spyderturbo007:But I keep sitting here thinking, "Well, it's went up this much, why can't it keep going?
Always let's your winners run! So if you have a winner, put a mental sell/stop loss number down. I bought palantir at 11 and it's at 25. Do I sell? No! When it hits 21 then I'll watch it closely. I may sell at 20 but I may buy more depending on why the stock is down.
Think! If you buy a stock is it for a quick profit? Is it a 5 year buy?
Quoted from nwpinball:GME has been the main target for months
Damn! I guess you can make quick money in the stock market.
Can one stock crash the market? What happens when they all panic cash out? Asking for a friend on reddit
Quoted from loneacer:MAC has the 4th highest short interest
I think I'll hang on a bit longer! Too bad I sold my gme shares two years ago. RIP
Quoted from DBLM:Melvin getting liquidity is just a first step. Hedge funds are going to inject liquidity to try and stop this insurrection. If they don’t, then the system is broken, and they will not allow that. I would be cautions on this. You can probably trade around on this, but I do not believe the straight up ride is continuing.
There's a lot of pissed off people on reddit wanting to destroy Melvin. It's David vs Goliath. I wonder if the redditers keeping coming now that there is blood.
Then there's this from reddit:
Capture1 (resized).PNGQuoted from Zablon:Another example of the market being broken
Market isn't broken. Supply and demand is the name of the game. Shorting stocks is what is broken. WSB proves this.
Also I'll be watching the fed closely this year. Do they raise rates to kill liquidity in the markets? Every stimulus check for WSB is going into the market.
Quoted from DBLM:Between GME and AMC, up 42K on a 38K starting investment in a week
Damn! That would be game changing money for me. I only have funds to trade with in my ira. Mostly own dividend paying stocks but I have some money for speculation. Doing well on PLTR, SNAP, MAC, and I bought $150 worth of AMC. It's worth $200! Making gains baby.
Quoted from ectobar:My kid in high school is about to start a personal finance class. I'm genuinely curious what the curriculum is going to be like
How to write checks, budgeting, and other bullshit. Nothing about building wealth, saving, or sacrifice. Nothing about early retirement.
Quoted from ypurchn:Bought it around $11-12 I think after icemans rec.
Me too and now my monies is almost double. MAC had a book value of $14 a share, meaning you should have bought more when it went down, not sold. You win some you lose some.
I love this thread and thanks to Ice and others for suggesting stocks. Some of them I would have never looked at fundamentally speaking.
My $150 is now $500. Let's go AMC! I told a friend about it last night and he dropped 25k into it. Made a nice profit. He also made 80k in gme this week. Yikes! 
investingdad must think we are all smooth brains!
Quoted from MrBally:With the SEC pulling in gains made with market manipulation and changing the rules
The sec won't change the rules. WSB is doing exactly what the big boys do, what's always been done. The way it ends is with the fed! More stimulus checks = market stoopidity. They have to raise interest rates sometime and when they do, skadoosh! Or at least that's what happened in 99
Quoted from iceman44:SEC? They have have no idea what to do with these guys
Really there's nothing they can do to them. They are playing by the rules. Manipulation is a tough act to define. Maybe the sec gets the bigger traders, maybe.
Last I checked DFV was still in gme and was up 22millions. Legend.
Quoted from Zablon:might get mod money off it (not topper money lol)
That gave me a good chuckle.
Quoted from o-din:That should wake a few people up anyway.
lol. great strategy with another round of 1400 stimulus checks on the way. Where do youthink that'll end up o-dins? Beer and wild womens?
Quoted from athenspin:Aaannnnnd robinhoods down
Robinhoods dead. Mass Exodus after this. Restricting stock buying lol. GG.
Quoted from DBLM:"free" trading platforms
Things I learned this week: free trading platforms = we sell your trading data to large hedge funds
Also RIP AMC no one can buy you. I made $100 on my $150 investment. Not bad players! Not bad.
Quoted from Isochronic_Frost:you’re telling me that these guys who are getting reamed, losing billions and crying to the government are genuinely doubling down on their short positions??
Yes! They are selling to one another causing the price to drop in conjunction with the limiting buying power of main street. They need gme to drop hard. Gme is the only viable meme stock. Amc, NOK, BB might be dead in the water. I own a small position in NOK. Hopefully we see her hit $8 again.
Quoted from Pin-Pilot:Fidelity, TD Ameritrade, Charles Schwab, Ameritrade and others since the late 80's. Robinhood
They realized if a few of their hedge fund customers go bankrupt then that would be extremely bad for their business!
Also Robinhood is allegedly owned by Citron so they really don't want you to bankrupt them.
Also anything that is free = enjoy your free shit suckers, we are selling your data!
Quoted from Elvishasleft:economy sucks? market goes up.
pandemic? market goes up.
possible end of democracy? market goes up.
record unemployment? market goes up.
record closings at retail? market goes up
Low interest rates plus liquidity bruh!
Quoted from Friengineer:Also anything that is free = enjoy your free shit suckers, we are selling your data!
Payment for order flow. Wowza!
Quoted from tommyp:made half my losses back hoping more relaxed US regs are coming.
Oregon decriminalized all drugs! Unfortunately backward ass states like mine don't have legal pot yet. Hell we barely have medical.
Quoted from Roostking:Such a tranquil and calm place! Lol
uh, the ones on the drugs aren't the problem in your example buckaroo.
Im out of the meme stocks. Made 1k on amc. Bought and sold twice for profits. Lost $50 on NOK. Doubled my monies on MAC when it was at 20. I probably will buy MAC again soon if it keeps running lower. It has some solid metrics.
Tell me what is the appeal of cannabis stocks? Buy low, maybe hit big on one of them? Most have terrible metrics and the feds are not going to reschedule weed anytime soon.
Quoted from Dkjimbo:So whats the ticket today? hahaha
Most everyone flipping and gambling with meme stocks are doing just that, gambling. If you want to make money long term, don't forget Buffet's rules for stocks.
#1. Don't lose money
#2. Don't forget rule #1
Easy to understand difficult to master. Do some research. Now that the memes are dead momentum wise, let's get back to buying/selling stocks.
Quoted from robertmee:which has been trying to pump up traffic to its web business throughout the pandemic
Why on earth would anyone buy online games through GME? Xbox, PS5, Steam, Epic, etc, etc. Gme is a dead company. I go to my local game trade for the experience. Gme has no store experience. They need an Angela Ahrendts to turn their stores into a one of a kind experience.
Quoted from JodyG:Anybody in on SNAP?
The time to buy snap was near ipo for $12.
Quoted from robertmee:GME is hiring top notch executives to migrate their business model. Much like Netflix. Remember when everyone said Netflix was a dead company for mailing DVDs? How did that turn out? I'm not for a minute suggesting that GME will have the growth that Netflix has. But don't be too short sighted in thinking GME is a 'dead' company
Not a great example. Netflix basically changed the landscape by going to a streaming model. Now there is netflix, hulu, apple tv, etc. What I'm saying is gme isn't first into online sales or even a subscription model. They cannot compete with xbox, ps5, steam, epic or anyone else. Their stores blow! It's GG.
PS5 with no disk reader is $400, PS5 with disk reader is $500. The general population will move towards no disks in future console generations.
Quoted from vex:What good is it if government makes a digital currency? The whole concept is getting away from fiat and government control and manipulation. You cant fuck with Bitcoin, the code is done. No politician can fuck with it. It cant be taken away by a government or inflated away
Not true at all. All the USA has to do is implement a xx% tax on bitcoin returns and you're fucked. Imagine paying 50% tax on your bitcoin money when you withdrew. The IRS has not even started nailing people for income tax fraud based on bitcoin gains.
Also, pretty hard to transact B2B when bitcoin. Price can fluctuate mid-transaction.
Quoted from kidchrisso:Are you adding any positions of MAC at todays price or just holding
Take a listen to their recent earnings call. I think their stock is under priced by a bit. They should recover nicely assuming there are no more lockdowns. The lockdowns really messed them up, cash flow/debt wise.
Quoted from nwpinball:Dude definitely likes the attention
He is set for life, a straight up legend. He can sell merch and live off of whatever reddit fame he has accrued.
Quoted from TRAMD:Many people are wearing masks in stores like Wal-Mart and offices (many are not), but they and restaurants are still busy; we have sporting events, malls, and movie theaters still open
Same here. Alotta people are out and about with masks on. New normal will be people wearing masks, not not going out.
Quoted from Roostking:Well I'm really being punished for chasing PINS and PLTR. Hard to understand how companies that everyone loves, all the sudden turn to trash.
How do you decide what a company is worth vs its stock price? Neither of those companies make money. They most certainly will be around on ten years. $80 for pins might be cheap on 10 years. Same with pltr. Might have been a steal at $30. That's why you buy at ipo time and keep for ten years.
I'll buy a few shares of pltr at $20. Still long on MAC.
Quoted from pinballjah:Best investment advice I can give you is don't take investment advice from other people, especially on a pinball forum
There is a difference between trading and investing. Chasing a stock to sell on the short term based on momentum; trading. Buying reasonable companies that make money or have solid fundamentals; investing.
You can lose your shirt trading, not so much while investing. Words are important.
Also, I only take investment advice from a pinball forum.
Quoted from Baiter:more and more states are making it legal from a medical and/or recreational standpoint.
Yeah except my backwards ass state 
. You can drink yourself into oblivion and drive until your 14th OWI but weed is illegal.
Quoted from DBLM:This is a big step towards reopening
Or towards the zombie apocalypse
Quoted from robertmee:! Genius or brainless, you decide
Brainless. They could have tripled their money simply by buying CE NIB games and flipping them in two weeks like the rest of the pinball scum.
Quoted from investingdad:Trading guy moves on because a 25k loss is negated
If you're losing 25k at any stage of the game then you're not doing it right.
Quoted from Concretehardt:I think a drop to the 3200 level on the S&P 500 is coming soon, I am sitting in sidelines for now.
Based on what? The FED is still flooding us with free monies, economy is opening back up. By next quarter we should see retail jump back up. What's with the doom and gloom?
Mac is a dog. What kinda dog is yet to be determined. I think realistically mac will be $22 or so before years end. If the shutdowns continue in california and new york, mac could be in deep trouble. They have ALOT of debt makes zero profit. Book value is around $14.5 a share, so buying below that should be easy $$$
Bought some pltr today.
Quoted from rai:They have no house, no retirement saving, student loans probably(?).
Millennial here! Of course ole grumpy Rai is here to cast his ole grumpy shadow all over my generation. I have a house, I have retirement, no student loans. If work isn't intriguing, fun, or free of sexual harassment then I'll find another job. I also prefer to spend time outside, at home, or on the go rather than working in some outdated office building full of black mold.
Quoted from iceman44:That “shit company” MAC is past $16 now from $13 and on it’s way to mid 20’s
I'll post my MAC experience one of these days. Gotta let it ride!
Honestly my only Covid trading experience I regret is NOT backing up the truck, mortgaging the farm and buying a shit ton of MGM. Easiest double my money of my life.
Quoted from rai:My oldest AAPL was from 2009 at $4-5/share price adjusted for splits
The time to drop 10grrr was when the first IPhone came out.
Quoted from djreddog:I'm still sitting on my puny 83 shares of AMC I grabbed back in January for $4.70. Should I dump them now or keep on holding?
Hold them! Imagine if it went to $50!!! Let your winners run! Mentally tell yourself if the price comes back down to $25 then you'll sell. 25 from 32 is around 22ish%. So the stock would need to drop 22% from were it's at now. Patience my friend.
$4.7 * 83 = $390 => $25 * 83 = 2075 => $1600+ cha-ching!
Quoted from djreddog:I'm still sitting on my puny 83 shares of AMC I grabbed back in January for $4.70. Should I dump them now or keep on holding
I hope you listened and didn't sell. If you did you're up another 20% this morning.
Quoted from Pdxmonkey:Holy shit AMC
That's why you let a winner run. DJreddog Coulda made 42% more today.
Quoted from DBLM:Going to go out on a limb on a speculative play: WWE
What's the upside price? $70 from $53?
Quoted from DBLM:Dunno but that does not sound unreasonable
Their fundamentals are there but I worry about competition
Quoted from MrBally:Could this be a new form of market manipulation?
Everything is a manipulation! Lol. It's a decent tool to use to raise money. I think it works best if your company is capable of making money and using money efficiently. AMC doesn't fit that criteria for me.
Note: I'm an idiot who has no money, don't listen to me unless you hate money. Not financial advice
Quoted from thechakapakuni:. I’m buying a boatload tomorrow
How many shares is a boatload? I want to know so I can revisit this post in five years time.
Negative profit margins
P/S is in mid 40s
Price/book is 100
Price/sales is 47
ROE is -55
ROA is -11
It looks like your boatload will be in a super risky stock. Also Minecraft wasn't a public company.
Quoted from SantaEatsCheese:This is third finance/refi in 8 years
What are the disadvantages to going with an "off brand" mortgage company? I need to refinance and currently have a mortgage thru my local credit union. They are 1-1.5% higher than the online ones like quicken.
Quoted from Zablon:I want to know what is going to replace gas taxes
Quoted from BMore-Pinball:you are making a big assumption that the government thinks everything through
You're making the assumption that the government doesn't like free money. Lol. That's the first thing government is tweaking. There was just a news story about a mileage tax or some dumb shit.
The problem with EV is the current electrical grid. There are companies working on fixing it, adding to the grid and improving it. The current electrical grid can barely handle the weather and our loads now.
Quoted from Zablon:and if you don't think EMP type weapons
EMPs? Probably not but definitely hacking at a large scale. I'm more worried about rogue AI like technology than EMPs or war. Or maybe a lab borne disease that kills people with more than 3 pinball machines?!
Quoted from SantaEatsCheese:I'm rich!
But you want to he wealthly! Remember that old Chris rock bit about rich vs wealthy?
Wealthy is having lead, a small homestead, bugout pack, ability to make booze, and or the ability to live off of the land.
Back to stocks: man I sure wish MAC would pass the $18.5 mark. Patience. If they manage to hit their earnings then I think she'll pop up to $20.
Also wish I would have hopped into the WWE train.
Buying XOM at $72, then again during the pandemic (62), the again at $40 turned out to be satisfying! I didn't get rich but I turned $3000 into $5000. Worth. Slow and steady.
Regret was not buying more but I didn't want to be exposed to higher risk.
Come on MAC Daddy! We need $20 next.
Quoted from iceman44:, I always say buy on dips
Yo Ice what's your criteria for a dip? Down 3-5%? Down 5%+?
Quoted from iceman44:On Apple? July should be volatile as it usually is. I’d back up the truck at $125, just like last time it hit $110. And buy again at $130 ish although I’m adding new money to it now for the long term accounts
Thanks. I bought at $114 during the dip. I'm glad I did too.
Quoted from RandomGuyOffCL:Red flashing lights and alarm sirens going off all over my house, 2 Nib’s just evaporated on my labtop
Fucking pinside. You're a disappointment. Just like my stock portfolio. Be ashamed. If we go discord, I'd like a link. This thread has made me money so I would like to continue, you know, making money.
Quoted from desertT1:MAC announced another .15 dividend. Share price isn’t going anywhere until they bump that back up. Glad I moved from MAC to ACRE recently. MAC price stayed flat-ish and it was my goal to get to ACRE anyway. They were fine over Covid and have a dividend I’m really happy with.
By 2022 we will see $20 a share. There fundamentals are good and they are focused on debt management. I'm long on MAC. Note, I could have made better money quicker and elsewhere but I'm sticking with MAC.
Quoted from nwpinball:Gold is pretty worthless in the apocalypse. Food, booze, drugs, ammo, guns, water, water filtration, medical supplies, seeds, farming knowhow, a defensible shelter and a well trained zombie apocalypse team is what you want
Also the ability to build a working still. Alcohol is really valuable.
Quoted from taylor34:Gold has been the base medium of exchange for 5000 years. Through every war, empire, natural disaster, etc. It's pretty much always going to be that as it's the agreed upon worldwide standard for whatever reason
Blanket statement. Gold was worthless to the Native Americans. Gold could be made into coins through out history. Now it's all in government vaults. Society put some arbitrary worth on it, when it actually has no value, like diamonds. If the shit hit the fan, I would wager toilet paper would be more valuable.
Also, gold and silver are terrible investments. Only allocate 2 or 3% of your portfolio max, and you better have the bars in your safe at home. Not investment advice. I'm dumb.
Quoted from Anubis330:Thus, I'm thinking about cashing out. I can put 6mil in the bank after taxes
If you can get 6mil after tax, I would. Then take 1mil put it in the bank, live off it, and get yourself a good fiduciary for the rest. Find someone Dave Ramsey recommends.
You should never run out of 2million if you invest it correctly. Good luck.
They should write an article about the USA blowing a cool trillion on Afghanistan only to realize freedom, our values weren't worth another trillz.
I think the market wont drop much based on the fall of kabul. Maybe 1-3% over the course a week or month. Thoughts? I don't see USA going back in to retake the country.
Quoted from robertmee:Anyone involved in supply chain distribution
I think the supply chain issues will get worse over the next year if more ports shutdown due to covid. One of my projects was delayed, not because of rare electronics but due to a lack of sheet metal. Sheet metal, the most common construction element.
Quoted from BMore-Pinball:Profit Margin -5.67%
Operating Margin -5.38%
EPS -36.75
Cash flow -592k
EBITDA -149.57
Like every other company posted in this forum. The product is solid, I prefer it over actual soda, way less sugar. Will they make it as a profitable company? Who knows at this point.
When's a time you doubled your money? Stock and why you picked it?
I recently read that if you start with $1000 and double it ten times, then you'll hit a cool mil.
I've passively doubled my $17000 ira over the last five years but I could have easily doubled it by picking three stocks: Microsoft, Nike, and Starbucks.
I've doubled a small amount on Starbucks, Snap, Xom, HRL.
Quoted from NicoVolta:Seems almost tantalizingly within reach, doesn’t it? Trouble is, that is ten *consecutive* doublings… a feat even Warren Buffett would be envious of today.
I agree with you wholeheartedly. Having said that I'm playing with 4K and I've almost doubled it. So I'm going to keep flipping my 4K and see how long it takes me to do.
Most of my 401k, ira, etc is in passive index funds. I won't buy junk corporates - either they must earn money or have assets.
Quoted from BMore-Pinball:More than double my money - some 3-4x on most of what I bought at the low covid panic point in 2019
Me too, wish I would have bought way more mgm.
Quoted from BMore-Pinball:In the apocalypse
Why do we keep talking about the end of days? Most of y'all can barely play pinball let alone survive the apocalypse. Lol.
Still playing with MAC. PINS fucking sucks short term but probably will win in 5 years. Also 2% of my portfolio. Facebook is dead long term and really any platform that just mines data sucks as a business model. Now the company will thrive, they have cash, Insta, Oculus, and other money makers.
Gotta buy more Apple when it comes down.
Quoted from BMore-Pinball:my business is still getting weekly price increases from various vendors
How is inflation defined? I think the ever increasing prices have to do with lack of supply, not any monetary policy. Are supply chain issues considered inflation?
Ouchie SNAP. Glad I bought at $11 but damn still hurts. That's a sign the market is fucked up. When a long term play, makes no money, misses earnings and drops 50%.
Quoted from Pin-Pilot:DWAC up 85% from Yesterdays close. I would not be surprised if it goes well above $100 this morning at opening. 24.5 million shares traded before the market has even opened. Crazy times.
Apparently I need to start logging more time on Reddit. Yeesh
Quoted from iceman44:Big week next week earnings wise
Scary next week. Any stocks to buy after an earnings dip????
Quoted from iceman44:Not sexy by any means but here is the Tom Lee list I like
Thanks Ice! I plan on doing more research on the following as they meet my investment criteria:
AAP
GPC
LEN
TPH
HD
LOW
Quoted from NicoVolta:No telling if FB or some other entity will rule this space...
Here's an anecdote that your comments reminded me of. When Valve started, they made half life, counterstrike, and other games. We all thought Valve was out of their minds when they launched cs1.6 and Steam. We all thought (by we I mean my friends at the time, avid gamers) Valve was making a huge mistake moving into virtual game selling. Fast forward 18 years and they are the most dominant platform and are worth 10 billion.
I think FB and oculus will be like Valve circa 03. Sure other major players will develop VR similar to Steam's competition but FB will be light years ahead.
Quoted from Damen:Amazon sidewalk is the real life version of Skynet!
If it has a camera it is watching, if it has a microphone, it is listening. Edward Snowden showed us this years ago. I can't wait for the VR plug in chip, neuro link shit, that always knows what we are thinking!
I like Montana too, virtual Montana!
Quoted from Roostking:Porn specifically will be the rocket that launches VR into mainstream
There are two tech like companies who have made automatic jerk off machines that sync with your favorite videos. That tech plus VR will only get better.
Don't ask me how I know this just assume the worst! 
Quoted from Damen:“First you have the personalized robots
Good podcast with Tim Ferris and Eric Schmidt from Google about AI and the future. Schmidt seems to think everyone will have an AI assistant. If you are mega rich, you'll have a baller ass robot, AI, assistant. If you are poor, you'll have a worse one. The podcast was really interesting.
Quoted from MrBally:stock ticker symbols
They weren't publicly traded at the time I was reading about them, a few months ago. I was bummed too.
Quoted from rai:Example: (mid 2009)
$20K in S&P500 = $110K
$20K in APPL = $450K
20K in Netflix in 2017 nets you $100K. I passively index my fund in my 401k. I've done really well compared to the averages. 4/5th of my net worth is in index funds. 2/3rds of my 1/5th is in dividend paying individual stocks. The other 1/3rd is my "gambling" plays.
Will I get super rich off of my gambling plays? No. But will I ever lose money? No. Warren Buffett rule 1: never lose money.
My goal long term is to multiply my gambling money so when the market shits, I can buy a boat load of company __ and wait. Just like your post above. That's the get rich game.
Real Estate? You can have it. Wealth is having fat stacks in 401k, Roth, having a paid off house, no debt, GOOD HEALTH, family, a job you like. Fuck fancy cars, 10K pinball machines, yachts and all that other shit. You keep them. You'll be dead sooner than me anyways. 
*Edit when I say you, I don't mean any one person, I mean all of pinside & and your mothers!
Quoted from BRONX:m seriously looking at *visa* stock & also *AT&T* stock. *AT&T* dividend yield is now 8.5% you guys think dividend is safe?? Am I missing something on AT&T???
They are in a tough spot. They have too much debt, their div payout ratio is Stoopid bad, they don't make enough money. If they cut the div, their stock easily craters into the teens.
If you need to own it, then it's a long term play. Your money is probably better off in another healthier div stock short term or long. I own it, roughly 3% of my ira. I won't be reinvesting my div there.
Do your research. Not trading advice.
Could be more losses tomorrow! Canada has the necromonicon variant. Chances are pretty good we, the USA, have it already.
I'll be looking at buying some value plays. No way we go into prolonged shutdown again. Buy the fear!
Quoted from Damen:CRAMER: How do we finally put an end to this pandemic? Simple! The federal government needs to require vaccines, including booster shots, for everyone in America, by say, January 1st. This charade must end.” We have immunocompromised people who are incubators for every variant to come walking around lawfully unvaccinated? That’s psychotic. So, it’s time to admit that we have to go war against covid. Require vaccination universally. Have the military run it. If you don’t want to get vaccinated, you better be ready to prove your conscientious objector status in court.
What a fucking idiot! He does realize the pandemic cannot end until the WORLD is vaccinated?! Like 2% of Africa is vaccinated. As ong as India, Africa, and other areas have covid there will be more variants.
Also has anyone ever made money listening to Cramer?
Want to make America a better place? Buy American. Go research and find American products. Buy used clothes, used tools, used anything from FB market place. If you cant find an American product, look to see if you can find Candian or Mexican made products. At least they are our neighbors. Fuck buy dumb cheap shit from China. I'm done.
Quoted from Damen:war against diabetes
Wrong. Diabetes is really good for business. It means you ate a lot of sugary, carby foods and now the medical companies can sling prescription after prescription on you. It's a win win for food biz and med biz
Quoted from pinnyheadhead:Market is emotional not rational and goes in waves of sentiment. We are on the last leg up of a 40-50 year upward trend and still have juice left to squeeze out of it. Still in a bull market.
That's why you do the research. Spot on.
Quoted from Zablon:immune to whatever is going on right now.
With more covid lockdowns in the way, the shipping delays have not been solved, plus inflation and the fed, I decided to exit a few of my larger holdings, including MAC.
Two things to do before the new year: 1) review my individual stocks - are these companies making money? 2) Reduce my 401k contribution to pay off my newborn baby debt - medical bills are expensive.
Inflation is coming!
Quoted from BMore-Pinball:It's been here all year, where have you been hiding?
I buy Stoopid crazy expensive organic food, toothpaste, deodorant, etc so I didn't really notice except gas prices which can be explained by the new government administration. Booze seems relatively cheap still. Also, I try to avoid cheap Chinese shit.
Quoted from kvan99:energy, healthcare, financials and industrials
Got any specific stocks worth doing a little research on?
Quoted from iceman44:Day 5. Going light. Having a blast
An ultra?!!! I thought you were a man of prestige, a man of honor! 
Quoted from DBLM:a) have money and b) are getting better performance than you
Man, I thought this thread was about making money and offer looks at stocks, not about attacking each other.
It's pretty off putting when I can tell how people vote by how they speak via posts and that goes for both parties. Most of y'all should think about your politics and how maybe just maybe you are wrong. Like critically think about your political beliefs and biases. Most of y'all suck online! Probably nice people in person but absolutely suck online.
Thanks for making me monies in 21. Gotta take a step back from the personal attack threads.
This wasn't an attack on DBLM. Love ya bruh, just was too lazy to quote others.
Quoted from kvan99:. How much facts need to be out there for people to realize the truth.
And your speaking up will change people's minds? Lol. The ego! That's what gets me the most, people who think they can change other's opinions. Do you seriously think you can change the mind of an uneducated person, who lacks critical thinking skills, with a mind full of garbage like JFK is coming back to life?
Instead of wasting your life and time doing that, why don't you donate your time to mentoring some local kids. Help them with their homework, teach them to think critically, skeptically.
It's not that you disagree with Ice's politics, it's how you do it. Y'all come across as pompous, assholes. Again my tribe is better than your tribe.
Thanks for the actual stock tips Ice!
I had some BABA but after China cracked down on Hong Kong, I left the Chinese market to never return. They can skew their financials, cover up production, and the Chinese government can snatch a CEO at will, or interfere in any company. Why would you invest in that?
Thoughts on Monster? Mnst?????? They just bought a beer company and they have a ton of cash on hand. I love monster drinks.
Quoted from NicoVolta:but cattle investing would certainly be on-trend for boosting carbon emissions with that other stuff
How long you been vegan? You know who's jazzed about making impossible burgers and other plant based meat products? The meat industry! It's way cheaper to manufacturer lab burger paste than to raise cattle.
Quoted from RTR:Netflix down 20% in after hours trading after missing on growth and subscriber number expectations. Damn. Disney down 5% just by association I guess
My play in X is down 15% since Monday. It's still undervalued my opinion so I'll probably buy more.
Quoted from rai:I can’t see any gen X or boomers being involved with that stuff. The people with money have the real Rolex and real yachts
Attraction#1: Attending any concert anywhere virtually.
Attraction#2: Recreation of any concert from any time. As deepfake technology gets better, imagine attending a virtual Beatles recreation, Elton John at Dodgers Stadium or any Rolling Stone Concert.
Observation: I'm an engineer and can barely afford a house payment, a healthy life style including eating well, & having kids. I know how to manage money well and will never be able to buy a boat or a nice watch, let alone a yacht or Rolex. My generation cares about experiences because we can't afford high class bullshit. Especially those with student debt.
Quoted from SantaEatsCheese:Deleted post
St Patty's day? How about tomorrow? Russia has half the country already.
Well Fuck! I should have stayed in X longer. I was right about it. It was a steal at $20 but pretty good at $23. I didn't follow my system and so I missed out on a 25%+ gain.
Always set rules and follow them.
Quoted from nwpinball:My plan is to hold my oil stocks at least through August
My plan is to buy 50, 50 gallon barrels, fill them with gasoline, and sell it to my neighbors in the summer months. YOLO
Quoted from hank35:I'd like to invest in PP, but I though $120.00 was a steal. It's now at $97.00 and continues to drop.
What am I missing with PP?
What tools do y'all use to compare stocks? For example, I consider PayPal to be in the same market space as credit card companies. So how would you compare what's the best value stock to drop 1K into a sector?
I created a excel sheet to compare stocks based on metrics important to me but the cheater site I was grabbing the info changed and my sheet is obsolete.
Quoted from MotorCityMatt:Yeah, I am sure they walked into the store to change the price for TV. $4.30 now in Michigan, my sister said $4.10 in North Carolina today
$4.09 here. It's been fun driving for awhile. Damn not too long ago we were at $1.99. The middle class is truly dead. I guess I'll yolo all of my money on bbby.
Edit: I should also mention that 90% of the products we buy at the store have or use oil in some shape or form.
Quoted from iceman44:Buy a Tesla?
I can't. I'm middle class; a working man with a family. Also a millennial. No one can afford a 30k car.
Quoted from galore2112:??? People on pinside buy $30000 JJPPOTC and $10k Stern LEs sell out before they are available to regular customers
What's the average age of the people buying those games? 40+ probably.
Quoted from galore2112:I’m pretty sure “No millennial can afford a 30k car” is false. The millennial colleague at my work for example can easily afford that and so can all these millennial families with their babies in my neighborhood buying these $1.2M tear down/rebuilds
I could sign up for a 400-700$$ a month car payment too. Where are you located? No one in the Midwest is buying 200k fixer uppers let alone a million.
Quoted from galore2112:There are a lot of well off people in the USA, millennials included
There are alot of poor people in the USA, millennials included. - Thanks for such wisdom and insight. Wow my life is changed.
Quoted from Zablon:1. Collect old people
2. ???
3. Profit!
When you hit 80, off to the volcano! That's what they did in the Dinosaurs kids show.
Can we get back to sharing stock & market knowledge? Please? I get excited when I see a bunch of posts. I say to myself there ought to be some stocks mentioned I can look into but instead there is random dick measuring going on.
Doesn't the keyboard arguing get dull? You are not going to change anyone's mind here. No one is changing social security via this thread.
Quoted from BRONX:Large Capped....
1) Wells Fargo. U.S.A
2) TD Bank. Canada
3) NatWest group. U.K
4) Lloyds banking. U.K
5) Banco Santander. Spain
Smaller Regionals...
1) M&T. Buffalo, NY
2) P&C. Pittsburgh. Pa
3) truist financial. North Carolina
4) Fifth third Bancorp. Ohio
5) Zions Bancorp. Utah
What are you basing this on?
Quoted from BRONX:Not sure what you are asking?
I was trying to figure out why those 10 banks were on your list and if there were any metrics or gut checks I could look into.
Quoted from Zablon:If you constantly fight progress,
Quoted from kool1:The idea that we need to go green is fine
Where does all the Cobalt come from for the batteries for our cars? Who owns all of those mines? How do we generate enough power to support green infrastructure? We need oil for energy, plastics, medical devices, etc. We'll need oil forever.
Quoted from iceman44:I'll be using that same strategy with a few of the other "magnificent seven" technology names when the opportunity presents itself again.
What is this magical seven you speak of?
Y’all act like they wouldn’t find some way to inside trade mutual funds or get the edge somehow. No trading period. No spousal trading.
Two term limits.
Thoughts on any of these:
Express (EXPR)
Cars.com.com(CARS)
Chewy(CHWY)
Ford(F)
Paypal(PYPL)
Johnson Controls (JCI)
Quoted from swampfire:Yes, I’m worried about the enshittification of Reddit. I’m pretty happy with it as it is right now
Reddit and most of the internet is toast once AI bots take over. It's happening too quickly alreadyl.
At this point with Bitcoin being above $10K, I don't know anyone who has the money to take a gamble on it. I'm 35 with an engineering job & given the choice between Bitcoin & stocks for $30K, I'm choosing the stocks or buying a more reliable car or trying to pay off my house early or buy additional land or pay for college or having more kids.
When the Dollar eventually crumbles and normalizes, gold will be my play. Immutable ledgers are valuable, just not sure about any of the coins. Don't get me started on their energy consumption.
I'm probably wrong.
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