Kid “invests” $700k inheritance and loses $150k in hours.
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Are you being sarcastic?
Intel stopped dividends and the stock is down -55% YTD. Nobody knows if Intel will be around in the future.
Holding forever is a retarded phrase. Used by those morons who bought overpriced GME stock and hope to dump their bags at the next sucker.
$700k is retirement money for many. A good extra income for everybody.
At least it wasn't complete degen, like Tesla call options.
On the flip side: the kid is young, and the bigger the mistake, the better the lesson. Fairly certain he will be fine. Maybe he will even see the stonk market casino for what it is.
On the flip side: the kid is young, and the bigger the mistake, the better the lesson. Fairly certain he will be fine. Maybe he will even see the stonk market casino for what it is.
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No I'm not being sarcastic. No money was lost- that's a fact. It's seems that you don't understand the difference between an unrealized loss and a realized loss.
Credit to the kid for sticking with his investment and not panic selling.
I’ve heard that quote before (it’s a funny comment) but I don’t understand what advice Mike is giving. Spending time planning is a waste of time? Or just a cautionary note that you don’t always succeed with planning and preparation (sometimes natural skill and genetics gifts will succeed over others who put in the time to prepare whom are less gifted?). Just never understood the advice.
The kid did a beautiful research. It looked great. He is a math junior. You think he’s smart.
Until reality punched him in the face. $200k of “unrealized losses”.
Maybe Intel might recover after tanking that much in 2 days. But any sane person knows he went full-retard in putting all his inheritance in a single stock.
I wish luck to the kid. Now he just need to wait until the stock goes up 50% so he can break even and leave the position to something less risky/retarded.
No battle plan survives contact with the enemy. Planning for known information is good, it maximizes your chances of success to a point…but one must be able to adapt to the unknowable, on the fly. Not just the things you know that you have limited to no information on, but the things you don’t even know exist (“unknown unknowns”). You have to be willing to modify the original plan, up to abandoning it altogether.
Tyson’s advice: don’t dogmatically stick to the plan if you are getting your @#$ beat.
Napoleon was a master at this - maneuver warfare.
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Based_Christian_Dude
Catholic
https://christisking.cc/threads/decline-of-functioning-society.323/post-52160
I wouldn't exactly expect any stock price recovery anytime soon with Intel.
That makes sense. There was a similar quote I use to have up on my stick board at the office that said “The most successful people in life are those that can quickly execute Plan B”. But the reality is Plan B isn’t something you previously strategized as a backup plan, it’s something you sorted out on the fly. I guess it’s similar.
And optionality.
Poor kid. -40% in “unrealized losses”. In less than 48h.
Now Intel needs to go up 65% for him to be even! Stock has been going down for the last 5 years. Imagine who bought back then. -72% from ATH
Imagine the person who bought it back then telling others “I’m holding forever”.
Almost as sad as the morons who bought GME and are holding.
Now Intel needs to go up 65% for him to be even! Stock has been going down for the last 5 years. Imagine who bought back then. -72% from ATH
Imagine the person who bought it back then telling others “I’m holding forever”.
Almost as sad as the morons who bought GME and are holding.
Falling knife.Poor kid. -40% in “unrealized losses”. In less than 48h.
Now Intel needs to go up 65% for him to be even! Stock has been going down for the last 5 years. Imagine who bought back then. -72% from ATH
Imagine the person who bought it back then telling others “I’m holding forever”.
Almost as sad as the morons who bought GME and are holding.
The way the stock is being decimated, I might buy options if they’re cheap or maybe allocate 2.5% of my portfolio.
US stocks finish sharply lower to close out global market rout
S&P 500 finishes trading day down 3% after Japanese market suffers biggest drop since 1987
www.ft.com
Japanese stock index suffers worst day since 1987 as global rout intensifies
Weak US economic data could push Fed into making rapid interest rate cutsJapan’s stock market plummeted 12 per cent on Monday, its worst day in 37 years, as global markets were rattled by the prospect of a US recession.In a rout echoed in other Asian markets, the Topix wiped out its gains for the year, the sharpest sell-off since “Black Monday” in October 1987.In Europe, the benchmark Stoxx Europe 600 shed 2.2 per cent. Futures markets indicated the momentum was likely to extend to the US. Contracts tracking the Nasdaq 100 were trading down 3.8 per cent while the S&P 500 was expected to open 2.3 per cent lower.Traders in Tokyo said the selling was part of a big correction and de-risking move by global funds. But Tokyo equities were also hit by a yen that has strengthened by about 12 per cent since mid July. On Monday, the yen soared 3 per cent to ¥142.27 against the dollar.“Japan seems to be the epicentre of a lot of movement today,” said Jason Liu, head of Apac equity and derivative strategy at BNP Paribas. “There appears to be a genuine broad-based Japan liquidation by global funds.”The global declines come amid fears that the Federal Reserve has been too slow to respond to signs the US economy is weakening, and may be forced to play catch-up cut with a series of rapid interest rate cuts.Markets now expect 1.25 percentage points of cuts — five quarter-point reductions — across the Fed’s final three meetings of the year.Investor concerns over the health of the world’s biggest economy and the rising tensions between Israel and Iran have piled further pressure on a market already buckling under an investor exodus from high-flying technology stocks.“I’m not expecting a bounce for a little while, because right now we have this perfect storm of the Japanese carry trade being unwound, weakness in US Big Tech and Middle East tensions,” said Seema Shah, chief global strategist at Principal Asset Management.
The global turbulence extended to the cryptocurrency market, with the price of bitcoin falling nearly 16 per cent to $52,740, while the price of ether, another cryptocurrency, has fallen almost 17 per cent to $2,200.
On Saturday, Warren Buffett’s Berkshire Hathaway disclosed that it had halved its position in Apple in the second quarter, while raising its cash position to a record $277bn and buying Treasuries.
“I think interest rates are too high,” said Rick Rieder, chief investment officer of global fixed income at BlackRock. While the economy was still “relatively strong”, the Fed needed to get rates to about 4 per cent “sooner rather than later”, Rieder said.
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Why? It’s now engulfed in a market trend.
It’s a big name. They may cut costs radically enough to be profitable and the stock might go up a little after being crushed so much in such short period. Then I could dump the stock. But more likely I’m just going to stay away.
But the ones I’m interested are:
- VOO (like SPY but less fees). If the SP500 crashes, I might go all in and add puts 20%-30% OTM as protection. I would check options pricing before entering such position. In a normal environment 0.5% can offer me a -20% down protection.
- O (when under $50). I might sell a lot of puts if price reaches that so I can get it for $47.5. My favorite stock. I like real estate and that’s the closest thing for stable income.
- PSEC (only stock I’m holding because the dividends are insane and I’m selling covered calls).
Warren Buffett might tell you the economy is doing fine but he’s sitting in a pile of cash and dumping stocks.
But the ones I’m interested are:
- VOO (like SPY but less fees). If the SP500 crashes, I might go all in and add puts 20%-30% OTM as protection. I would check options pricing before entering such position. In a normal environment 0.5% can offer me a -20% down protection.
- O (when under $50). I might sell a lot of puts if price reaches that so I can get it for $47.5. My favorite stock. I like real estate and that’s the closest thing for stable income.
- PSEC (only stock I’m holding because the dividends are insane and I’m selling covered calls).
Warren Buffett might tell you the economy is doing fine but he’s sitting in a pile of cash and dumping stocks.
They'll turn the printers on and prop most of what is beloved up (they'll also cut rates because they have to). That's what liquidity does and that's the game.
I personally don't think we're near the end game, volatility can be crazy but there's a reason why the elites have also said 2030, if you look deeper. Even they aren't ready to take the whole thing down. In my view, they'll keep papering and gathering more power, waiting for robots and further population decline before ushering in, or attempting to, greater changes.
I personally don't think we're near the end game, volatility can be crazy but there's a reason why the elites have also said 2030, if you look deeper. Even they aren't ready to take the whole thing down. In my view, they'll keep papering and gathering more power, waiting for robots and further population decline before ushering in, or attempting to, greater changes.