Stock Market (33 Viewers)

[campionesidd]

BBBY CFO committed suicide by jumping off a building. Crazy times.

 

Buy on AliExpress.com

[AFL_ITALIA]

Insane. Even with the lawsuit he probably had a life that 90% of the world could only dream of.

 

[campionesidd]

Insane. Even with the lawsuit he probably had a life that 90% of the world could only dream of.

Truly shows that while lack of money can make you miserable, money alone cannot buy you happiness.

 

[IliveForJuve]

Meta down to 154, just bought some more.

 

[campionesidd]

I bought the dip, and then it dipped even more.

 

[IliveForJuve]

I bought the dip, and then it dipped even more.

I originally bought at 202, then 188, now 154. Jeezas

 

[campionesidd]

I originally bought at 202, then 188, now 154. Jeezas

I mean, I bought VOO today, but yeah all stocks and indexes are the same right now.
WBD is the one that’s really killing my portfolio though- 44% down on it, and it represents 50% of my unrealized losses.

 

[AFL_ITALIA]

 

[IliveForJuve]

I mean, I bought VOO today, but yeah all stocks and indexes are the same right now.
WBD is the one that’s really killing my portfolio though- 44% down on it, and it represents 50% of my unrealized losses.

That's tough. I may buy some WBM to help you out.

I was considering buying index funds but I feel like this shit's collapsing at least another 20-30%. Might as well just buy stuff that's already hit rock bottom.

 

[IliveForJuve]

Every time I buy Meta, it slides down further lol. Never seen green.

 

[lgorTudor]

Every time I buy Meta, it slides down further lol. Never seen green.

I have to ask

Why have you been accumulating the second worst FAANG stock and not a powerhouse like AAPL instead?

This isn't me being smug, this is legit curiosity

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motherfuckers deliberately raised iPhone14 prices by 200€ compared to iPhone13 (after accounting for eur/usd) and still everybody is lining up to camp outside apple genius bars or whatever their fag caves are called

 

[IliveForJuve]

I have to ask

Why have you been accumulating the second worst FAANG stock and not a powerhouse like AAPL instead?

This isn't me being smug, this is legit curiosity

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motherfuckers deliberately raised iPhone14 prices by 200€ compared to iPhone13 (after accounting for eur/usd) and still everybody is lining up to camp outside apple genius bars or whatever their fag caves are called

The huge discount. That's why. I'm confident it will bounce back to $300.

I'm hoping for an AAPL dip when the market truly collapses.

 

[AFL_ITALIA]

Yeah, we're not getting this money back for years to come now.

 

[campionesidd]

Yeah, we're not getting this money back for years to come now.

It’s really hard to follow through with this because your money is on the line, but when doom and gloom are around, it’s the best time to invest (long term). Also, markets do tend to react relatively quickly. Just look at how much the markets rebounded in July and August on the mere inkling that inflation might be slowing down and that rate hikes could stop. When it actually happens, it will go up even more. Just DCA and stop looking at your portfolio imo, and also keep accumulating cash to be ready for the worst case scenario (recession).
This isn’t a deep economic chasm like in 2008.

 

[Bjerknes]

This is the line in the sand here. Break this and we test the Covid lows IMO. Will be moving everything to money market if we do.

So many people still buying calls and shit.

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It’s really hard to follow through with this because your money is on the line, but when doom and gloom are around, it’s the best time to invest (long term). Also, markets do tend to react relatively quickly. Just look at how much the markets rebounded in July and August on the mere inkling that inflation might be slowing down and that rate hikes could stop. When it actually happens, it will go up even more. Just DCA and stop looking at your portfolio imo, and also keep accumulating cash to be ready for the worst case scenario (recession).
This isn’t a deep economic chasm like in 2008.

Yet. This is like 2007 right now.

 

[IliveForJuve]

I never look at my portfolio since I already know it's red lol. I'm drooling over Google right now.

 

[campionesidd]

This is the line in the sand here. Break this and we test the Covid lows IMO. Will be moving everything to money market if we do.

So many people still buying calls and shit.

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Yet. This is like 2007 right now.

Why? Macro factors are nothing like 2007. They’re more like the early 1980s.

 

[lgorTudor]

I don't believe the redditor up-onlys. I don't believe the orange america doomers.

Made a plan to buy near the June lows if we ever go there. Doing just that

#FirstNeverFollows

 

[AFL_ITALIA]

It’s really hard to follow through with this because your money is on the line, but when doom and gloom are around, it’s the best time to invest (long term). Also, markets do tend to react relatively quickly. Just look at how much the markets rebounded in July and August on the mere inkling that inflation might be slowing down and that rate hikes could stop. When it actually happens, it will go up even more. Just DCA and stop looking at your portfolio imo, and also keep accumulating cash to be ready for the worst case scenario (recession).
This isn’t a deep economic chasm like in 2008.

I'm personally stuck between this mindset, and selling almost everything to have as much cash as possible in anticipation of a decline in housing prices within the next year or so.

 

[campionesidd]

I'm personally stuck between this mindset, and selling almost everything to have as much cash as possible in anticipation of a decline in housing prices within the next year or so.

Yeah, ideally you don’t want to keep any money in stocks which you might need in the next few years. Then again, who has that kind of money in their checking and savings unless you’re well into your career.