Investing, Stock Market and Retirement Planning Thread

[NTP66]

All of my ARKs are down right now, and I blame DD.

[Dickie Dunn]

I blame me too. They’ve sucked for me.

[mikey]

Just hold them until you're ready to trade your dicks in for tapioca pudding...stop being mimbies about it...

[count2infinity]

Everything is down right now... everything.

[count2infinity]

Sold my OCGN stock and invested it in pennies... Psychedelics, Solar, and Bees. Let those ride for a year or two and see what happens.

[MalkinIsMyHomeboy]

Put it in...TSLA...not kidding...

"put money you want to be retirement savings into a highly volatile stock"

[mikey]

Do you intentionally not get how this works or...?

[MalkinIsMyHomeboy]

lol

if only we listened to mikey we would all be millionaires by now

[King Colby]

TSLA is basically guaranteed to produce gains over the long run.

[robbiestoupe]

and not for retirement, so...

[MalkinIsMyHomeboy]

fwiw I'm looking at TD Ameritrade's different analyst reports for TSLA and of the 7 reports, 4 are saying to reduce/avoid and 3 are saying to hold (none of the 7 are "buy")

I think you guys are buying into the hype a little too much

[mikey]

MIMH, not picking on you really, you seem like a decent guy legitimately, but you've been on an island of what-the-f***ery for the last little while now...I'm not saying fall in line, as I'm a pretty unorthodox person in my own right, but you're really swimming upstream on some fairly obvious things...

I'm up 30 or 40% with my retirement savings in the last six months or so by doing all the dumb **** I'm doing and coaxing others to do...if you're doing better than that, post it! haha

[MalkinIsMyHomeboy]

and not for retirement, so...

based on what MWB was saying it seemed like he wanted it to be towards retirement


I mean, retirement savings don't have to all be basic index funds. Obviously you can put some in stonk, especially a volatile one like TSLA, but understand the risks of doing so and make sure you diversify

[mikey]

I mean, not to play the nazi-stage card...but it's the mainstreamers that missed out on TSLA and now are scrambling to save face (or opting not to)...they're poor. They're getting their balls used as a speedbag by people who like gamestop right now, they have their own battle to fight...

[count2infinity]

I'm just excited that I bought stock in mother f*ckin bees...

[robbiestoupe]

and not for retirement, so...

based on what MWB was saying it seemed like he wanted it to be towards retirement


I mean, retirement savings don't have to all be basic index funds. Obviously you can put some in stonk, especially a volatile one like TSLA, but understand the risks of doing so and make sure you diversify

no, this is what he said

I’d kind of like to have some of that money be more liquid, but also don’t just want it sitting in a savings account. Any advice?

Personally I wouldn't put 30-40g's in TSLA, but put 10% in there and the rest in an index or similar. Like somebody mentioned, keep it there for at least a year so you're not taxed as income, but capital gains.

[MalkinIsMyHomeboy]

and not for retirement, so...

based on what MWB was saying it seemed like he wanted it to be towards retirement


I mean, retirement savings don't have to all be basic index funds. Obviously you can put some in stonk, especially a volatile one like TSLA, but understand the risks of doing so and make sure you diversify

no, this is what he said

I’d kind of like to have some of that money be more liquid, but also don’t just want it sitting in a savings account. Any advice?

Personally I wouldn't put 30-40g's in TSLA, but put 10% in there and the rest in an index or similar. Like somebody mentioned, keep it there for at least a year so you're not taxed as income, but capital gains.

oh yeah, I agree with that. Having retirement savings be only index funds is a major bonerkill

maybe I was misinterpreting mikey but he seemed to suggest throwing it all on TSLA potentially

MIMH, not picking on you really, you seem like a decent guy legitimately, but you've been on an island of what-the-f***ery for the last little while now...I'm not saying fall in line, as I'm a pretty unorthodox person in my own right, but you're really swimming upstream on some fairly obvious things...

I'm up 30 or 40% with my retirement savings in the last six months or so by doing all the dumb **** I'm doing and coaxing others to do...if you're doing better than that, post it! haha

lol all good. my issue with TSLA right now is that I feel like it's in the same place GME was at when GME was at $450. To be fair, TSLA is infinitely more viable long term than GME is but I think you're buying it at a premium at the moment. It's up on hype rather than, dare I say it, fundamentals

I do think it'll appreciate long term but I think TSLA is still trying to find its long term equilibrium point. I personally think TSLA is gonna drop over the next 6-12 months before starting a long term uptrend similar to an AAPL

[robbiestoupe]

Source of the post lol all good. my issue with TSLA right now is that I feel like it's in the same place GME was at when GME was at $450. To be fair, TSLA is infinitely more viable long term than GME is but I think you're buying it at a premium. It's up on hype rather than, dare I say it, fundamentals

I do think it'll appreciate long term but I think TSLA is still trying to find its long term equilibrium point. I personally think TSLA is gonna drop over the next 6-12 months before starting a long term uptrend similar to an AAPL

Kinda agree here. If I had the cash I do now 2 years ago, I'd be swimming in TSLA stonks. Just had too many other priorities to really throw money into it back then, even though I was itching to do so.

If they continue to corner the market and other automakers struggle to get their vehicles on the road, their stock will take off again. Especially if/when they start to optimize their battery, decrease the charge time, and increase charging stations across the US. That stuff takes time, but they will get there.

[mikey]

I have a more diversified portfolio than "all" anything...I'd never recommend that to anyone...

TSLA and GME have nothing in common. As you note, "TSLA is infinitely more viable long term"; "...it'll appreciate long term"

Yup. And it is fairly volatile right now, just ARKs are down right now...there's an ebb and flow to this kind of thing...the choices seemed to be: not making money by putting in it a CD or making money in the medium- to -long-term...I chose the latter on his behalf...and would be happy to offer more ETFs and what not along those same lines that I put my money in if he seriously wants to pursue it...

While TSLA is trying to find its point, it's growth potential remains extremely high...it's a great aggressive growth stock in an industry that hasn't even yet been tapped into...

[MalkinIsMyHomeboy]

to mikey's point though, you gotta be aggressive and get on the train too early rather than too late if you want max gainz. maybe I'm dead wrong and TSLA is going to explode tomorrow.

[mikey]

I'm just excited that I bought stock in mother f*ckin bees...

Sorry, I was interested in this but got swept in someone's dress blowing up and exposing a knee...I'd like to hear about this bee stock...

[NTP66]

Source of the post if you're doing better than that, post it! haha

[mikey]

Is that your personal maneuvering...? And are we talking about some legit money...? If so, ****** rights, man...that's great. I wish I could check my last 12 months, but the transfer to TD lost my original trade prices on things... ((((((((((((

[Dickie Dunn]

Just hold them until you're ready to trade your dicks in for tapioca pudding...stop being mimbies about it...

If I can’t get instant gratification then I don’t want it.

[NTP66]

Yes and yes... and it's also why I've scaled back a bit for now, because I feel as though I could get dragged into making riskier moves and losing a lot of it. If I were in your shoes, most of that money would still be in play for sure.