Reticently Posted July 13, 2024 Posted July 13, 2024 @BB_Hoodythis one's for you (but not just for you)! Let's post our stock wins and losses here, as well as provide mutual investing support/advice. Where I'm at right now: married, 3 young kids. Homeowner, wonking big mortgage though. Wife and I are both full-time workers making good incomes in a moderately high cost of living area. We have about 20 more years of working ahead of us (ideally), unless we stumble into some sort of ridiculous windfall. We're both late to the retirement savings game, but we're fortunate enough to be maxing out annual contributions to both of our 401k presently to try and catch up. My wife is 100% in S&P500 index funds. I'm 60/30/10 in S&P500 index/US Bond index/ and individual biotech stocks respectively. My individual stock gambles are all in biotech, because it's what I know. That whole sector is beat the fuck up right now, because it seems the stocks respond more to the changes in interest rates than individual advances in their product pipelines. I'm very slightly down on lifetime performance in these stocks, but there's a ton of bargains there, and LOTS of room to run for the companies that come out with winner therapies. Individual stocks I'm in: $CRSP $NTLA $BEAM $PRME $CRBU $RLAY $IPSC Jurassic, NinetiesArcades and BB_Hoody 2 1 Quote
AriesWarlock Posted July 13, 2024 Posted July 13, 2024 (edited) First! 🤘 Hoping to start retirement investing in the near future. Edited July 13, 2024 by AriesWarlock Jurassic, BB_Hoody and Reticently 3 Quote
Jurassic Posted July 13, 2024 Posted July 13, 2024 A few years ago I began to buy stocks outside of my 401k. My strategy would be best described as "set it and forget it", relying on diversity that mostly falls outside of my 401k, not chasing any day trading trends. IMO index funds are low risk but still provides much better returns than a CD even with current interest rates. Lately I am focusing on VEA, an etf that has broad, international holdings outside of S&P500. BB_Hoody, AriesWarlock and Reticently 3 Quote
AriesWarlock Posted July 13, 2024 Posted July 13, 2024 (edited) A quick video on why investing in Bitcoin will make you richer than investing in stocks. Investing yourself Edited July 13, 2024 by AriesWarlock BB_Hoody 1 Quote
Jurassic Posted July 13, 2024 Posted July 13, 2024 I'm sure Bitcoin is very appealing to day traders, but for long-term investing I would stay away from it. 1. Bitcoin is not a tangible good. It is not a house, it is not a car, it is not on a store shelf. It is an algorithm you buy into with pretend money. 2. Bad actors. Bad actors drive the Bitcoin market in their favor because they hold the majority share. Sam Bankman-Fried (FTX) claimed to a crypto genius, only to testify in his own defense that he had no idea what he was doing. 3 arrows capital, a company that was a part of the bitcoin crash in 2022, one of the owners are hopping all over Europe avoiding the law, and STILL making crypto businesses. 3. Bitcoin is not insured, at least in the vaguest of terms. NinetiesArcades 1 Quote
AriesWarlock Posted July 13, 2024 Posted July 13, 2024 (edited) Bitcoin, like gold, is commodity money. They don’t need to be backed, because they are the ones that can back everything else. It does have properties that make it valuable for those who value wealth preservation Add to that the desire of people to have it, and its value increases further. The video is not about day trading, but long term investment. I'm not a Bitcoin enthusiast, but like it shows on the video at 13:00, Bitcoin outperforms, exponentially, Tesla, Apple, Amazon, etc. by a lot. Nothing comes close. You would have to wait for many years with those stocks to earn the returns you can earn with Bitcoin in a fraction of the time. I don't think Bitcoin will last forever but I do think will probably outlasts us. I believe with every type of financial trading you shouldn't hold forever but take partial outfits along the way. Edited July 13, 2024 by AriesWarlock BB_Hoody 1 Quote
Reticently Posted July 13, 2024 Author Posted July 13, 2024 I'm not comfortable buying bitcoin (any crypto, really) because I don't feel like I'm actually purchasing tangible ownership of anything. Like, the value of almost anything could collapse, but as far as I can tell the ONLY utility of bitcoins are that some people want to buy them. Quote
Emptyeyes_ Posted July 14, 2024 Posted July 14, 2024 I was trying out both cases every once in a while. It's not bad to try to get ahead in these times. Trying is all you can do. Quote
BB_Hoody Posted July 14, 2024 Posted July 14, 2024 (edited) @ReticentlyDigging the thread title. Yeah man I'll definitely be active in here. My current investing style is to zero in on one or two stocks. I see growth potential in. Average in overtime while selling some shares on runs and buying back in on dips. Until that potential is realized. Then just hold and find the next growth play. While averaging into VOOG Etf as a safety net. And using 5% of my portfolio for high risk high reward swing/day trades. Current stocks I'm in. Growth: PLTR, JOBY Safe/low risk: VOOG High risk: IVP, KOSS, Edited July 14, 2024 by BB_Hoody Jurassic and Reticently 2 Quote
AriesWarlock Posted July 15, 2024 Posted July 15, 2024 (edited) Before buying any financial instrument, try to learn how to read charts, as well as some technical analysis. You don't want to buy a stock when price is about to reverse. Edited July 15, 2024 by AriesWarlock BB_Hoody 1 Quote
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