Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- S&P 500 closes at 3,232; year to date price return has just turned positive.
- Famed investor Stanley Druckenmiller says he was “far too cautious” on the recent market rally and underestimated how far the Fed would go. “I was up 2% the day of the bottom and I’ve made all of 3% during the 40% rally. I’ve missed a great opportunity here.”
- NKLA Will be the Symbol of the Irrationality of this Market.
- NKLA: Is Nikola Motor the next Theranos? Is Trevor Milton the next Elizabeth Holmes?
- What stocks do you think are still undervalued?
- Why would Warren Buffet sell at the bottom? Plenty of cash on hand to ride out the airlines for years. It doesn’t add up for me. I know this is a month later, but someone help me out with an explanation.
- Is this what a bubble looks like?
- For frequent readers: has the general bearishness of this sub impacted your decision to (not) invest in the past 2-3 months?
- NBER officially declares US recession starting Feb 2020
- Why is Hertz soaring today?
- Which companies/industries will survive or die?!
- How can i convince my S.O. that investing in dividend stocks is better than trading?
- Being young sucks
- So much can change in a year. Today was a big day the stock market is essentially recovered. What was your biggest gain today, biggest loss and what two stocks are you the most excited about most this week?
- Can anyone explain what the “Robinhood driven market” is?
- DGLY and AAXN stand to reap profits from the house bill today — hundreds of millions of dollars
- $TNA (Russell 3x ETF) Severely Lags Russell (IWM)
- Are we just becoming more resilient?
- Is the market really that irrational right now like some people claim?
- No one knows where anything is headed
- What's your go-to site for general market news
- EVRI
- People saying the market is irrational, why doesn't the quote about the market staying irrational longer than you can stay solvent apply?
- Beginners Tips/ Mentorship?
- How long before a Regulation A+ gets listed as public?
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 08 Jun 2020 05:17 AM PDT If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| S&P 500 closes at 3,232; year to date price return has just turned positive. Posted: 08 Jun 2020 01:10 PM PDT After hearing many many bears saying that various levels would likely provide resistance to the rally, after considering myself to sell a portion of my portfolio after the rally went beyond 2,900, the S&P 500 is now positive for the year, even excluding dividends. A 5% rally from here would take it to all time highs. EDIT: This is only PRICE return, total return would also include the almost 1% in dividends received/accrued for 2020. [link] [comments]  |
| Posted: 08 Jun 2020 05:37 AM PDT Even billionaire investors are caught out like retail bears. Back on May 12:
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| NKLA Will be the Symbol of the Irrationality of this Market. Posted: 08 Jun 2020 06:37 PM PDT In almost every trend, every bubble, and every hype that has ever existed - eventually something comes out that becomes almost a parody of what's going on around it. This parody eventually symbolizes the irrational behavior of a trend. To me, NKLA will be that historical example. In literally mere days, NKLA, during a hot market run, skyrocketed to 100+ per share. Based on what exactly? No car manufactured, no car officially sold, not even a deposit. Yet this company, with a CEO who is boasting the fact that his company will be worth 100 billion in the future, has skyrocketed off mere speculation that's been brewing like crazy in this market. There will be some correction to this. There is no rationale behind any of this. [link] [comments]  |
| NKLA: Is Nikola Motor the next Theranos? Is Trevor Milton the next Elizabeth Holmes? Posted: 08 Jun 2020 07:59 PM PDT Is Nikola Motor the next Theranos? Is Trevor Milton the next Elizabeth Holmes? Trevor Milton doesn't have a track record of success. In fact, he doesn't have a record at all except for two jobs he held, the first for close to 4 years and the second job for only 6 months. (see attached photo: experience) What was he doing prior to 2010? He didn't finish school (nothing wrong with that, plenty of successful people have quit school such as Elizabeth Holmes), so was he on a Mormon mission until he was 28? Check out his LinkedIn. In late 2019 he purchased a 32.5-million-dollar mansion: Where did the $ come from? As far as we know, he was a salaried employee for 4 years. How did he earn so much money? From raising capital for a 'soon to go public start up'? Was his salary that high, even though the company is in its startup phase? That doesn't seem in-line with the most successful entrepreneurs that began in garages (Bill Gates, Jeff Bezos, etc.). Lastly, I want to bring attention to the demo reel, notice how far the vehicles are from the "professional camera persons". Where are the close-ups? Open engine compartment? (You know who else used to hide her proprietary invention, the 'Edison Machine'? Elizabeth Holmes) (Search Youtube video: Nikola Two demo dated Apr 17, 2019) Google "Nikola motor drivetrain" …. you'll notice that pictures or engineering diagrams of the engines don't exist…the only diagram you get is this cartoon: (see attached photo: cartoon diagram) He applied and received PPP funds meant to be for small businesses (not-publicly traded and with access to the capital markets). https://www.cnbc.com/2020/04/24/billionaires-company-got-4-million-from-coronavirus-sba-fund.html Convince me that is not shady AF… And lastly, he has been at it since May 2016… Disclaimer: I do not have a position on NKLA. [link] [comments]  |
| What stocks do you think are still undervalued? Posted: 08 Jun 2020 07:30 PM PDT Now that the S&P500 and NASDAQ are in the green for the year, a lot of opportunities are no longer there (or as obvious). For those who have some cash lying around, what are the stocks you think are still undervalued? Here's a few I'm looking at: $WFC - 30% down from Feb 2020 prices. This is a stock which has had a long spell of scandals and issues, and has been beaten down due to the coronavirus crisis. It's now under new management which is hoping to turn around its scandalous past, and other banks stocks (such as $JPM) have started a significant recovery now that calamitous debt delinquencies seem less likely. This offers 42% gains if it gets back to it's pretty-COVID pricing. $BA - Even with a massive run-up, $BA is still undervalued. It's defense business is strong, and the 737-MAX will likely be recertified (and subsequently rebranded) in the fall. Boeing is no longer in danger of bankruptcy given a huge new debt offering. I'm not sure when it'll fully recover, but it also has streamlined management to bring it back from complacency. $RCL, $CCL, $NCLH - Huge run-up recently but these companies will eventually return to near their former highs, probably huge gains to be had. What others are you looking at? [link] [comments]  |
| Posted: 08 Jun 2020 04:38 PM PDT My personal take, I would rather fly than be on a cruise. That's a consumer take, and there are enough people that do not believe in Covid affecting them and will still go on vacations. The latest I keep hearing is that it's a minority disease, completely unhinged from reality. [link] [comments]  |
| Is this what a bubble looks like? Posted: 08 Jun 2020 02:08 PM PDT I'm hoping to generate some discussion on if we're in a bubble, and what kind of data we can look at to help us reach a consensus. From Investopedia: "An asset bubble occurs when the price of a financial asset or commodity rises to levels that are well above either historical norms, the asset's intrinsic value, or both." Now, the P/E ratio of SPY is currently around 27 according to WSJ here. That's extremely rich, but it's not entirely accurate. Earnings reports are backward looking, so even before we have Q2 reports showing the full impact of COVID, the market is arguably overvalued. I looked around today and saw something I've never seen in my nearly 10 years in the market (I know I've still got lots to learn). Hertz, a company on the verge of bankruptcy, went up over 100% today. ZM and NKLA are two more examples of stocks that have P/E's in the thousands, and from the trading activity, it looks like a game of greater fool to me. So is this what a stock market bubble looks like? [link] [comments]  |
| Posted: 08 Jun 2020 08:19 PM PDT For as much pretense as this sub likes to carry, it's worse than Wallstreetbets in terms of giving advice. News is always bad, unemployment is always worse, the market is a bubble, P/E is out of control, and we're all going to die. Bubble or not (as if that's relevant), the market has mostly recovered. For frequent readers, does the general FUD of this sub impact your decision to invest? The confirmation bias of reading bad news here and assuming you made the right call to stay out is incredibly potent, and incredibly harmful. TLDR: Do you think keeping up with news from this sub has helped or hurt you (or, your portflio, which is all that we care about) during COVID? [link] [comments]  |
| NBER officially declares US recession starting Feb 2020 Posted: 08 Jun 2020 10:51 AM PDT https://www.nber.org/cycles/june2020.html This is unusual to me because in recent memory, this is the earliest the NBER has officially declared a recession relative to when it started. It's also a decent signal when they announce it to buy stocks because it often correlates to the bottom of the market. Obviously, this isn't the case here. [link] [comments]  |
| Posted: 08 Jun 2020 11:09 AM PDT Consensus seems to be that it's extremely likely these shares plummet, but somehow they're up 110% as of this writing today, and 500% in the past week. What am I missing? Is it not a safe bet to buy puts at this point? Even articles published this morning continue to refer to this rally as extremely risky, citing that investors are "playing a very dangerous game that is closer to gambling than investing" (Motley Fool). Any thoughts/insight would be appreciated! [link] [comments]  |
| Which companies/industries will survive or die?! Posted: 09 Jun 2020 02:53 AM PDT Hey young professionals & the old wise ones, I come to you with a question at hand for the future... Logically of course... Which companies do you see failing as a result of corona and the mass injustices going on? Also, which companies/industries do you see flourishing if the country assuming the plans to open back up turns to be successful?! & at what timing is the most ideal for going in on these related stocks?! For my 2 cents I will give some of my ideas of which stocks that will be worth watching
If you know of any sleepers out there that you are betting for a big comeback let me know Cheers ! [link] [comments]  |
| How can i convince my S.O. that investing in dividend stocks is better than trading? Posted: 09 Jun 2020 12:34 AM PDT We have opened a joint account for investing. I would prefer investing long term in dividends, while my S.O. wants it to be used for trading because she prefers quick returns rather than waiting despite the fact that trading is far less safe. All advice would be greatly appreciated. [link] [comments]  |
| Posted: 09 Jun 2020 04:09 AM PDT 18 and recently got into investing but all the household names we have come to know like Amazon, Telsa, Netflix, Microsoft, etc are way too expensive for me to afford right now. Damn, even property is freaking expensive and appreciates far more than a graduate working salary will ever be. I will be victim to the 30-year scam if I ever wanted to buy a house one day. I envy you old folks that got into investing early and all the power to you. I just wish I was born earlier :( [link] [comments]  |
| Posted: 08 Jun 2020 08:11 PM PDT I thought it would be cool to look back in another year and see how things have changed. For readability, please to use a similar format: Gain: *(ticker and percentage) Loss: Excited #1: Excited #2: (Optional: If you want to, add your rationale for for choices. I'm newish to investing, so I think hearing about others thought processes when decided their strategy) Edit: added % to format. [link] [comments]  |
| Can anyone explain what the “Robinhood driven market” is? Posted: 08 Jun 2020 02:50 PM PDT I've seen this term on here and on twitter quite a few times. I think I get the overall premise that lots of inexperienced investors(or traders) have signed up for Robinhood and are doing things like buying Hertz despite them filing for bankruptcy, sending the share price soaring. But, can a group of inexperienced investors with relatively little money(compared to giant institutions) really have this much of an effect on the market? [link] [comments]  |
| DGLY and AAXN stand to reap profits from the house bill today — hundreds of millions of dollars Posted: 08 Jun 2020 09:42 AM PDT Wednesday is the big day. Price Target on DGLY is 20. AAXN is 115. https://www.documentcloud.org/documents/6939045-Justice-in-Policing-Act.html This legislation expects to require nationwide use of body cameras, according to congressional sources (Section 372). Also reported in major outlets (APnews, Reuter's, NYTimes, CNBC).
Should this legislation not pass, there is still great demand for these cameras at the state level. Regardless of whether this legislation passes I do believe we can see AAXN approaching $110 or higher and DGLY approaching $20. DGLY $5c 6/19 AAXN $100c 6/19, $110c July [link] [comments]  |
| $TNA (Russell 3x ETF) Severely Lags Russell (IWM) Posted: 09 Jun 2020 03:06 AM PDT For some reason the $TNA ETF which holds $IWM at 3x leverage, severely lags $IWM YTD. TNA is supposed to mirror $IWM x3 but these are the YTD returns: $IWM YTD: -7.89% $TNA YTD: -54.54% I've looked at the expense ratio for $TNA (1.12%), but can't find any reason it would be lagging behind $IWM this much. Any ideas? IWM vs. TNA vs. Russell 2000 on Yahoo Finance For comparison's sake, $QQQ (+13.4% YTD) and $TQQQ (+3.9% YTD) are moving much closer to what one would expect. [link] [comments]  |
| Are we just becoming more resilient? Posted: 09 Jun 2020 01:51 AM PDT Serious question, do you think that one of the reasons that markets have bounced back so quickly is that we as investors are just becoming more resilient to fluctuation. Between the .com bust, subprime mortgage bust, and now covid, this is my third "once in a lifetime" market crash, and I'm only 35. We're seeing an increasing readiness by the Fed to not allow corporate America to fail thus eliminating the "invisible hand". What does the future hold then? An ever increasing market, more frequent crashes and shorter boom/bust cycles? [link] [comments]  |
| Is the market really that irrational right now like some people claim? Posted: 08 Jun 2020 02:10 PM PDT
Thanks for reading. [link] [comments]  |
| No one knows where anything is headed Posted: 09 Jun 2020 01:13 AM PDT Some say the market is going to fly, others say its about to pop. and Im here like what one earth should I do!? I missed the march lows, and for good reason as I am now learning about fundamental analysis in the midst of university exams... So a wait and watch approach I think is best (I know and believe time in>timing) But, things are expensive as is.. even if I were to join now and buy ---> Vanguard Health ETF ----> S/P Index ----> International index ----> bonds Like, I dont even know what to look for in an ETF what makes an ETF attractive what doesnt. and even ETFS are expensive considering march prices, I told myself I would learn as much as I could about the trade and on July first/June 30 once the Q2 results come out I will begin to invest irrespective of prices as I am eager to join, and put my money somewhere where I can realize returns. I have no desire to take it out early I have nothing in mind that I want to buy, I would just like to create a future for myself independent of a job or family and just be safe.. What do you guys think - I am wholly prepared to take a beating :P [link] [comments]  |
| What's your go-to site for general market news Posted: 09 Jun 2020 12:54 AM PDT So for context, I have about 10 stocks in my portfolio, and I'm able to keep track of their news pretty well with a few alerts, some manual checks etc, but when it comes to the wider market stuff I have no reliable place. Essentially I'm looking for a decent news site that will talk about any stocks that have a particularly noteworthy story, as well as the bigger macro stuff, but leave out the garbage like "What 6 tech stocks should you buy next Friday" (looking at you Motley Fool). [link] [comments]  |
| Posted: 08 Jun 2020 11:47 AM PDT Looking for a stock that's still down that has a lot of room to run? Everi does about 520 million in sales each year. It's market cap is currently just shy of 700 million. It's down about 41% YTD while most casino operators are down around 20%. Casino traffic is picking up across the nation and will only continue to do so. I know people are looking for stocks that still have potential to run and IMO this is one them. [link] [comments]  |
| Posted: 09 Jun 2020 04:22 AM PDT It seems like that quote is only used when something's bleeding, but when it's irrationally high it makes sense to everyone that it will drop. Meanwhile it's like any other time you sell, you want it to drop otherwise it keeps going up and up and up until you finally give in and it's usually then at that point it will drop but if you keep being afraid of that then it may just keep going up and you'll be doing nothing which is fine if you have enough money to sit on doing nothing with like Warren Buffett I suppose, is that your strategy? It would seem like the rise is now people capitulating into the run gradually, and like any other time the last one in will have gained the least and fall the farthest, but til then it's all about risk tolerance so telling anyone the bubble will burst is almost a moot thing. Everyone should know that, it's just a matter of timing the jump based on your risk. And you shouldn't time the market, but if you're alive on this planet you're timing everything it's just either good timing or bad timing, otherwise you're not doing anything. Can someone tell me where I'm wrong with this thinking? [link] [comments]  |
| Posted: 09 Jun 2020 04:03 AM PDT I asked the same question in r/wallstreetbets and they recommended this sub haha. Hi all, hope this is okay to post. I have recently turned 18 and from the UK and i have been experimenting for a couple years with different type of trading. I was certain Forex was the best but after extensive research i figured it the banks control that market too much and there are way to many fake 'gurus' out there. I was just asking what the best way for a complete beginner would be to learn options trading if any of you have any tips and if mentorship would be an option? Thank you [link] [comments]  |
| How long before a Regulation A+ gets listed as public? Posted: 09 Jun 2020 03:57 AM PDT A few decent companies that have had good success since they started so I decided to take the risk. Never tried investing in any stocks before it went out as public offering on stock exchange before so was just curious how long before they get listed as public on average (if it does). The main one I'm curious about is Reg A+ Series B. Im sure it will be listed sooner or later and be at least a year if not more was just wondering if there is an average. [link] [comments]  |
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