Board 8 > Stock Topic 28

(+) Yeah! (+)

Lol gravy, when did you buy Apple and how much did you put into it? You cant possibly be up much, that stock is overrated IMO if you bought it in the past six months.

ive been long on apple around july 20? i was in early on the big bull run up to the split. before it i had been on msft but moved there.

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coat basis atm is 126 but i sold off before and my cost basis was about 110 then.

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Okay thats not too bad. Well from $110. But $126 is only a 6% gain after earnings the last nine months? How come youre so long on Apple?

I think I heard some chatter about yet another stimulus check being proposed soon. Also something about Bidens new $1.8 trillion plan.

Yeah AAPL looks kinda boring compared to MSFT, FB and GOOG
And AMZN too if they announce a split

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Well, just loaded up on DOGE in advance of Elon hosting SNL next weekend. That is a sentence that I never thought I would say.

I should sell everything I own and put into DOGE because Musk is going to tweet a picture of a shiba inu

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both smart decisions

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still nervous about gvsi being overbought, but looking great today after getting in yesterday kinda near the top

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At least I've earned enough from GVSI to pay for my commission fees.

Speaking of, who's a good brokerage for OTC stocks besides Robinhood? Is Webull good? TD Ameritrade charged me $6.95 to buy (and will do the same to sell) and Fidelity rejected my order. I believed in the stock enough to buy it anyway but I don't want to pay commissions like that again.

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Market just took a tumble.

i dont know any place that doesn't charge for OTC. The otc's on robinhood are usually stocks that are on foreign exchanges but have an OTC ticker for american buyers, not really the "OTC" in the way me and blur use it. I will say how much are you trading for this? Commission fees can be pricey i guess, but are you only buying like 2000 shares of gvsi or something?

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I bought exactly 2,000 shares of it, yeah. Only wanted to gamble $50 or so.

I wish I bought 4,000-5,000 at least. But that's a bit too much money on what I feel is like buying a scratcher ticket in terms of risk, so I'm considering just not bothering with the OTC stock game.

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Damnit apple.let me sell you

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ChainLTTP posted...

Well, just loaded up on DOGE in advance of Elon hosting SNL next weekend. That is a sentence that I never thought I would say.

Makes sense. I hope every segment is a dogecoin shill.

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Fyi u appel

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Evri continues to impress.

I dread Nio earnings

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GVSI looking fishy this morning. It's so incredibly overbought on TSNP 2.0 hype I have a feeling a severe drop could be in order.

https://www.washoecourts.com/Query/CaseInformation/CV21-00710

It's been 4 days since George filed compliance for the courts. He either 100% has custodianship now and is waiting to tweet it out, or the case is being contested. I see "Summons Filed" there on 4-28. Now, I wish I knew law better as that could be a red herring and not really mean anything, but uhhh, that sure does sound worrying.

A drop here would be fast and furious if it happens. Now, even if there's a complaint filed it's not like George can't get this in time and it will definitively go to 0, but the drop will be fast and furious regardless.

I also have 2 million shares so I just have to alleviate my significant risk. I'm selling. I will check Sharp's twitter religiously and buy higher again if I need to, if he tweets out that he got it. Because if that happens, this run is really just getting started. But right now I'm very wary, feels like it's being contested afterall imo.

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https://twitter.com/GeorgeASharp?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Oh hey there already is a tweet. Yeah, idk, like I said the 4 day period is up and it seems like he'd know definitively already. It's obviously on how you read that tweet, but I'm gonna go with a no.

Buying back higher won't be so bad if I catch the tweet immediately if he did get it. Playing this safe.

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Looks like I made the right call so far. I got out in the .033s but it's showing good support over three cents. Not really a dump yet, everyone who's loaded up seems to be holding as volume is just over 50 mil. Impressive for OTC, George really has a loyal following who trust in him.

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Wrong call afterall! Bought back a million since they're total freebie shares. GVSI is a fucking monster. Still no news yet, refreshing his twitter religiously.

E: okay now that I'm at 4 posts in a row I'll stop. this is just my biggest trade ever lol

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GVSI is pretty good to me. I wish I bought more. Not that I'm going to because I don't have a lot of money I'm willing to put in for a risky stock and I dislike paying the commission on it, but still.

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And with this dip, my GVSI stock is the only stock in the green today.

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Custodianship plays are such a different beast than normal OTC stocks. In a sense, they're the riskiest of all, because this is a dead shell company and the stock is worthless if the ticker isn't granted new custodianship. And there are plenty of custodians that are scammers in themselves so just finding any custiodianship play is not guaranteed free money at all. Lots of DD required for these.

If George gets it though, this is a 10 bagger plus from HERE. I mean, unless he merges with a worthless company, but this is Sharp we're talking about.

With a million shares I'm riding for free I could be a rich boi. Most OTCs are garbage long term though, and I recommend playing the hype. Custodianships are just not comparable to anything else.

Can't celebrate anything yet. But if we get confirmation today, in my mind this thing is over.

Buy my house for me, Mr. Sharp!

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Washoe court (where the GVSI case is being held) is open. I have the docket pulled up, Sharp's twitter up, and a market sell order ready to go in case it's contested. Market sell, which I don't think I've ever used, and not limit because there are people out there with 10 million+ shares and this thing will plummet if the news isn't good.

Buy order up on my phone, sell up on my computer. Now I'm refreshing the docket instead of Sharp's twitter. Ready for every scenario.

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Good luck!

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Thanks! I may be waiting a while, but getting my $36k back, even though I'm riding these shares for free from my secured profits, seems worth wasting my time in case this is contested.

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Sold off my GVSI. Sold at a gain but at a loss because of commissions. The true winner of this is TD Ameritrade.

In truth, I got a bit spooked by it declining. I see it going back up, but this is, in general, a game I shouldn't be playing. Was fun, though.

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How many of you guys garner more money through stocks/crypto than your job salary? I hit that point once I got that $122k gain and find it ironic. Not that I would ever quit my job, but the fantasy of doing so is real.

Sunroof posted...

How many of you guys garner more money through stocks/crypto than your job salary? I hit that point once I got that $122k gain and find it ironic. Not that I would ever quit my job, but the fantasy of doing so is real.

Not even remotely close, and I couldn't imagine anything more stressful if I was.

Also you need to factor in other parts of your job benefits before you consider quitting. Health insurance, 401k matching, etc. are much more valuable than they might seem on paper.

Sunroof posted...

How many of you guys garner more money through stocks/crypto than your job salary? I hit that point once I got that $122k gain and find it ironic. Not that I would ever quit my job, but the fantasy of doing so is real.

Hit 1/2 last year (including unrealized gains) and I was like... huh.

Definitely made me think!

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I made like 5 times more on the market than what I did at my job last year lol. But I work a $15 an hour job at Target and haven't used my degree in years. Think I was averaging about 30 hour weeks, oh and half of last year I was making $13 an hour before they raised minimum wage to $15.

I've done crazy things on the market though. Now I only work weekends to focus on my investments. For now I've still retained my healthcare, but I think I'll lose that eventually since I'm hardly working. I should probably find out.

If I had a good paying job that I enjoyed though, that would be a very different circumstance. Guaranteed income is always nice.

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Sometimes I make about half of what I get in a day working in unrealized profits doing swing trading. I only have about 12k in my brokerage account and 50k in savings. I've thought about quitting my job and throwing lots of money into stocks.

But then I see days where I'm losing $65 and then I know that I still need to work. And this market is probably turning bearish soon.

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I think someone here said their goal is to get to the point that they can make their wage in covered calls or something and then retire, which would require I think around $1 - 2 million, but that seems too low to me. Using your investment income to live off means your investments won't continue growing so you probably won't have enough when you are actually old and can't work too much, plus if something happens to cut your investment value down a ton somehow or your strategies for generating investment income stop working you are in such a bad spot.

Plus, not being able to reinvest your investment income back into the fund is also compounded by no longer having a job that will contribute to growing your fund, so you become very static. It's a risky place to be.

There's certainly a number I could hit that would make me consider retiring young but I haven't worked out what it would be.

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The guaranteed income (and benefits) is definitely nice. Especially for when a bear market eventually comes. But for me, I can almost guarantee myself to make $1,500 per week on options alone. Thats equivalent to a $78k salary right there alone (actually more since none of it will be deducted for insurance, 401k, etc.). And as your account grows more and more, so do the weekly gains.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163525818

This guy pointed out that the judge might not even be there today for GVSI. This will torture me over the weekend if I have to continue waiting lol.

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CoolCly posted...

which would require I think around $1 - 2 million, but that seems too low to me. Using your investment income to live off means your investments won't continue growing so you probably won't have enough when you are actually old and can't work too much, plus if something happens to cut your investment value down a ton somehow or your strategies for generating investment income stop working you are in such a bad spot.

Plus, not being able to reinvest your investment income back into the fund is also compounded by no longer having a job that will contribute to growing your fund, so you become very static. It's a risky place to be.

There's certainly a number I could hit that would make me consider retiring young but I haven't worked out what it would be.

Considering some people retire never having made 1 to 2 million in their entire lives, I think 1 to 2 million would be a great number to retire at, lol

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Can't forget about things like Social Security and other benefits. For me, I'm apparently eligible for Social Security and a pension. It's part of why I never bothered with a 403b at work; my employer doesn't do matching for that, but they do for the pension.

I'm probably going to get a Roth IRA soon though.

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I make a lot more trading stocks, but i also wouldnt quit my job for something that can have long stretches of losses

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I have no understanding of how the stock market moves in a non-bull market. I dont think Id like it.

Sunroof posted...

I have no understanding of how the stock market moves in a non-bull market. I dont think Id like it.

Probably like Nio stock in the last 2 months

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ChaosTonyV4 posted...

Considering some people retire never having made 1 to 2 million in their entire lives, I think 1 to 2 million would be a great number to retire at, lol

I'm just going to be harsh here - this is a flippant shortsighted view most people would take. It comes purely from a "I dont have that much money and that sounds like an outlandish amount of money so having that much money would be very good" point of view without really thinking out the long term situation.

Consider:

• $1-2 mil sounds like a lot - but if you live 70 more years, is that enough to purely live on? $1mil divided by 70 is $14,285. If you were to live strictly on that amount, could you make it to 100 years old?
• You can increase the $14,285 by using investment strategies like covered calls or dividends. Maybe you can make $40k a year just doing that or something. But there's no guarantee this will continue to work for the rest of your life - the amount you can make might drop to below what you would need to maintain your standard of living or maybe not be able to make you any money at all
• Using investment strategies like above comes with risk. Your $1 million isn't locked in to just stay safe if you are trying to grow it like that. Your strategies could backfire. Your $1 million (which I would strongly argue wasn't enough to begin with) could now become $500k or some other number. Not only are you not making the annual income you needed, you've lost money. Now you don't have $1 million!

• The time value of money is really important. $1 million is a lot of money right now. In 50 years, it will probably be a lot of money. But it very likely won't seem like nearly as much as it does now. So how comfortable will you be later on when your $1mil that seemed very valuable in the past no longer buys you as much? That's assuming you actually manage to still have $1million, when likely some portion of it has been spent.

• The comment that people don't make $1-2million is kinda wrong. If a person makes $40k a year, they'd make $400,000 in ten years. In 30 years they would make $1.2 million. Sure, they'll spend it as they go along typically, but that's exactly what will happen with your $ 1mil you retire on. You'll probably spend it!

• The value of actually working provides a lot stability - if you run low on money you can just make more to sustain yourself. Even though it sucks, that's what working paycheck to paycheck is, you have money coming in to keep going. Retiring means you no longer do this.
• Working provides some protection against inflation - if you have work you can make money from, it should somewhat scale with inflation. If you make $40k now, in 10 years similar jobs will likely be making more than that even if you don't move upwards to a higher position. So if you make $40k today, in 30 years you should make *more* than $1.2million. Retiring with a static amount of money means you won't have this income to protect against inflation, and instead need your money to keep up with inflation through investments (which usually carry risk).

• People tend to spend money that they have. If they *could* live on $1million for 30 years, by making that amount evenly over those 30 years, if they get the full $1 million in year one, they would overspend early on and not have enough towards the later years. Knowing this - do you believe you wouldn't think to yourself "I have $ 1million, I can afford to buy a slightly nicer car than I would have bought otherwise" "I have $ 1million, I can afford to eat out more often". I'm not saying you shouldn't do these things or that you don't have the right to, but it will restrict how far your $1million can actually go.
• Even if you could support yourself on the $ 1mil - would you be able to support other people you want to help out over the years, like family or friends who are in a bind or need help with school or whatever, or other community/charity things you want to contribute to? The more you do this the less far your $ 1mil will go.

I feel like I could keep going on this for awhile. But ultimately - I don't think $1mill is *actually* enough just looking at the numbers, and even if it was, there's a lot of risk of devaluation or risk of that money being used up faster than expected. Giving up my ability to make money in the prime of my life in the face of these risks seems like an extremely bad choice. If I end up needing to go back to work when I'm older, my ability to be make money from working will be worse than it is now and it will likely be a more miserable experience.

Sure, there's social support stuff that will help and there are people who retire with nothing, and they can make it work. Why would you choose to be in the position where you have to rely on social support payments that may or may not continue existing and to make it work though? Quitting your job and retiring is stating "I think I have enough money forever and will no longer need to earn any more through working" and that's such a daring stance to take against all of the things I've listed out.

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lol $1 million
I would probably be able to buy a decent apartment

And then I will have to work more because I won't have any money for furniture

$1 million nowadays is nothing

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TBQH I think I'd feel fairly comfortable with $1 million in post-tax assets in the present. That's very different from $1 million in pre-tax income over a number of years in the future, which is worth a lot less.

I think with $1 million if I got worried about it not being enough I could move to somewhere with low cost of living and drive an Uber or something to meet living expenses.

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But $1 million is not enough to be spending much money. And that includes buying a house in an expensive area.

I think the better plays are to (1) keep working and investing aggressively, or (2) cut cost of living and keep investing aggressively. If you are at $5 million+ you can probably afford to retire, invest conservatively, and live off the income.

But even then, I'd want to keep a big share of my portfolio in aggressive investments. Living off of interest/dividends just seems like a boring way to live.

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Yeah, remember when I hit $100k and said okay, 900% gains, time to be conservative? And now I'm in the most ambitious trade I've ever done...that didn't last long!

Man, GVSI had such good consolidation today. Ran literally every day the week until it finally had a minor dip day on the notorious selloff Fridays, up over 400% in 6 trading days (reminder that I called this puppy in the .00s folks), and the bulls just keep buying the dips. Riding free shares just feels real good too.

I would've preferred going into the weekend knowing custodianship was 100% guaranteed, but I still feel better about this trade every day.

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So I have a question for the stock topic
Assuming I have $200k total, earning a $3.5k a month. Living with my parents and saving up for my dream of getting a house (Assume a house cost $500k, but I will get a mortgage, hopefully as small as possible

What would my best course of action be? how much of money should I invest, where, and when?
I was very inactive here lately. I grew tired of trying to time the market. I grew tired of meme stocks. I don't want this anymore.

I am thinking of going "safe" tech stocks and "safe" value stocks
AAPL
FB
MSFT
GOOG
AMZN

KO
V
NKE

Debateable, might be a bubble-
AMD
NVDA
RH

Might need more suggestions for value stocks (McDonalds? Dominos?)
No meme stocks
No EV
No TSLA
No speculative stocks (i.e PLTR)

Or maybe I should just go long QQQ
Or just long SPY
But now? when it's almost ATH? what do

Long term investing sounds tough

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Maybe it's because I'm in a high cost area and my stable, unionized, safe job keeps me here, but I also think about the value of homeownership.

I see owning a home as being a way to be able to afford to live. At least while I'm in an area where the median rent is $1,952 for a one bedroom apartment, the concept of owning a home by retirement seems like a good retirement investment as well. Yes, the net worth is tied up in real estate that's not providing income. But at least you're not having to spend thousands per month for rent.

And even if you move, your old property can be an investment property or you can sell it.

I don't know, I think real estate and housing is so overlooked when it comes to talking about retirement.

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