The Investment Thread (6 Viewers)

[LogeEndZone]

Well, sheet, reddit post was deleted. Screen shot it next time.

From Reuters...

 

[Turfie]

From Reuters...

He sold 1.4 million dollars worth of the stock during the recent peak. He retained his position after Ryan Cohen shook the board up.

Then mysteriously and allegedly jumps off a roof. The first person to report his death on Twitter was the same guy who first tweeted about Epsteins mysterious death.

Waiting for more info but RIP. His family must be crushed right now.

 

[Turfie]

Retail is slowly but surely buying, holding, and registering GME shares. As of July 31st, out of about 300 million outstanding shares…71 million of that has been direct registered by retail.

GameStop publishes this each quarter. That said I look forward to GameStop becoming profitable sometime soon (hopefully). Could be awhile as they are spending a ton right now.

 

[CoolBrees]

So I really know nothing about the market but I have a few positions that I have been told I need to diversify. You all seem to know at least as much as the fin consultants that I have spoken to; without the feeling you are trying to sell me something.

Anyway, I am 45 have about $500k in a standard 401(k) and 45 pre split shares (so 900 now) of AMZN. All the rest of my money is in two properties (one is my house and one is a investment property that draws income).

I have been told everything from you’re perfect don’t change a thing, to completely diversify that AMZN.

I am not sure I will do anything at least not right now with Amazon down but I was interested in the opinions of those that know more

 

[SaintsBrazil]

Well, I started a ROTH IRA this year. I invested in FNILX which if fidelity’s s&p 500 type mutual fund. I also scoured the OTC to see about any penny stocks that might be worth investing in. I found one that I have been putting some money into, and thought I would share. It’s DUTV. It’s a penny a share and I think will go far. If you’re looking for a high potential penny stock, I think this is the one. https://www.duventures.com/

 

[dbridge]

So I really know nothing about the market but I have a few positions that I have been told I need to diversify. You all seem to know at least as much as the fin consultants that I have spoken to; without the feeling you are trying to sell me something.

Anyway, I am 45 have about $500k in a standard 401(k) and 45 pre split shares (so 900 now) of AMZN. All the rest of my money is in two properties (one is my house and one is a investment property that draws income).

I have been told everything from you’re perfect don’t change a thing, to completely diversify that AMZN.

I am not sure I will do anything at least not right now with Amazon down but I was interested in the opinions of those that know more

Everything seems fine. If you want to diversify, the easiest way is just buy a S&P 500 or total stock market fund. Infact, depending on what investments you have in your 401k, you may already be well diversified.

 

[Saint_Ward]

So I really know nothing about the market but I have a few positions that I have been told I need to diversify. You all seem to know at least as much as the fin consultants that I have spoken to; without the feeling you are trying to sell me something.

Anyway, I am 45 have about $500k in a standard 401(k) and 45 pre split shares (so 900 now) of AMZN. All the rest of my money is in two properties (one is my house and one is a investment property that draws income).

I have been told everything from you’re perfect don’t change a thing, to completely diversify that AMZN.

I am not sure I will do anything at least not right now with Amazon down but I was interested in the opinions of those that know more

Odds are, your 401K is pretty well diversified.

Is your AMZN shares in an IRA or something?

Honestly, I wouldn't divest from AMZN, unless you decided to take some profits and apply them elsewhere.

Overall, I'd expect AMZN to do better than the S&P 500 in the long term.

Good companies / businesses will out perform the markets. This is why APPL, GOOG, etc tend to beat the overall market.

 

[Saint_Ward]

So, since I just changed companies, I've decided to roll over my previous company 401(k) into my IRA, so I have more control over it, vs rolling it over into my new company 401(k).

The cool thing, since it's all Fidelity, I can actually keep my exact previous elections. The shares just transfer over, so I don't have to sweat "timing" the market to sell and roll over.

The 'bad' thing is that I better behave with my IRA, since I have so many more options to not blow my nest egg. My 401(k) wasn't small potatoes.

 

[Tapxe]

 

[Saint_Ward]

Yeah, today is not a good day to look at your accounts if you're a long hauler.

 

[Turfie]

I’m not making any moves at all. Just sitting out for the time being. I have a few swing plays that I’m trying to time when they drop to a certain level.

They are ROOT at $7.50 and XELA at $0.60. They are garbage companies. But I’m trying to time the algorithms.

 

[Mr. Blue Sky]

Yeah, today is not a good day to look at your accounts if you're a long hauler.

No big deal, i wanted to keep working til i was 85 yrs old anyway.. after today, it looks like ill have to .

 

[Saint_Ward]

No big deal, i wanted to keep working til i was 85 yrs old anyway.. after today, it looks like ill have to .

I was split between laughing and crying.

Lost about $16,000 today...

 

[Mr. Blue Sky]

Surprisingly , my TSLA is holding up fairly well during this absolute shirtshow we’re seeing over the last couple of days.. of course, placing ur fortunes in the hands of Elon Musk is always a crapshoot at best , so im resisting the urge to get too smug .