2020 Stocks Start Off With A Nice Gain.

mathjak107

Senior Member
@Duster - I'm always looking for the next winner, sometimes I do good and other times I fall on my face and bite the dust. LOL Hey, it's part of the fun, it keeps my blood pumping. šŸ˜» o_O :devilish:

In January 2018 I plunked down $20k for 1000 shares of GBTC, a sort of ETF of Bitcoin, greedily thinking I'd be a millionaire. Then it went down to $3000 and now it's worth only about $9700. Ouch! I'm still hoping, though, whatever happens I'm going down with the ship or rise high above the financial waters. The halving is coming in May, maybe things will get better after that. I can only hope. I've noticed when the stocks go down, Bitcoin goes up and so does GBTC.
i trade gbtc for quick profits but i wont hold it .. it has crazy volatility .
 

Duster

Member
Location
Deep South, US
i trade gbtc for quick profits but i wont hold it .. it has crazy volatility .
I'm a little wary of cryptocurrencies. I know some people have done well with them.
I'm totally invested in Canadian MJ stock. I need to hold CGC until Fridays' earnings report. It's before market. They wouldn't ruin every ones' Valentine's day with a negative report, would they?
I am planning to diversify into another sector. My investments need to show some gains, so I can sell.
 

Catlady

Senior Member
Location
Southern AZ
I'm a little wary of cryptocurrencies. I know some people have done well with them.
I'm totally invested in Canadian MJ stock. I need to hold CGC until Fridays' earnings report. It's before market. They wouldn't ruin every ones' Valentine's day with a negative report, would they?
I am planning to diversify into another sector. My investments need to show some gains, so I can sell.
I have CGC, it's one of the best run in the MJ field, and also CRON. I also have the ETF MJ, and have a buy order for more at $15. I've lost money so far, but I think it will go up. I don't use pot, but I've read that these companies have safer pot than the cheaper kind bought on the streets. Eventually quality will win and people will buy from them rather than chance buying contaminated street products. Lots of people out there with pain problems and pot is better than opioids.

Another sector that I like is drones, they will be used and improved and made larger. I bought AVAV at $50 and it has gone up to $69. Oh, by the way, I'm not wealthy, sometimes I buy as little as 5 shares, LOL. I just like buying and selling stocks, it's an exciting ''toy'' to play with.
 

Catlady

Senior Member
Location
Southern AZ
i trade gbtc for quick profits but i wont hold it .. it has crazy volatility .
I don't have money to buy a LOT of shares, so buying 10 or even 100 shares of any stock won't give me much profit to make it worthwhile to trade often. I bought GBTC as high as $26 in the beginning 1/2018 and as low as $7 on 10/2018. The halving is coming, maybe that will be the catalyst for another run? I hope anyway. And I love volatility, the only boring stocks I like are those that pay high dividends.
 

Catlady

Senior Member
Location
Southern AZ
Anybody here bought SPCE? It's Branson's space tourism venture, part of his Virgin Galactic company.

If I remember correctly, they've booked 600 individuals at $250k per ticket and they're supposed to have their first commercial flight sometime this year. Space tourism is not their only goal, fast transatlantic flights are also their goal. Imagine flying halfway around the world in a couple of hours. I bought at $10 and I think right now it's at $22. Of course, if there's a tragedy the stock will tank. They've already lost one captain (the other one somehow survived) some years back. Hope, for the riders and the stock, that everything goes well on their maiden voyage.

https://www.fool.com/investing/2020/02/09/could-virgin-galactic-holdings-be-a-home-run-stock.aspx
 

Knight

Senior Member
I'll let my wife know to watch for Spacex as an IPO. Looking for what"s next in tech seems like the way to go. Not sure though @ 75 she needs additional portfolio or risk.
 

Duster

Member
Location
Deep South, US
When I was in the antiques business, an older, wiser dealer once told me that the way to succeed in antiques was to know more than the next guy. This seems to be true of stock trading, as well.
 

OneEyedDiva

Senior Member
Location
Nrw Jersey
Diva, I just looked it up, TSLA IPO was on 6/29/10 at $17.

Great for Knight's wife, she bought at the low and sold at the high. Great timing! Me, I bought at $185 last year, and sold at $435 last month, and then was kicking my ass when it went to $980! Just glad it was only 5 shares. LOL The Arabians sold last month before the big rally, they really have had regrets since they lost billions in profit. They only kept 39k shares.
Wow! That sure is a hefty profit Mrs. Knight got. I know she's glad she ignored her husband's advice. LOL I've read that we women, if we give ourselves the chance, can be quite good when it comes to financial matters. I love to read about women who kick butt in the financial arena. Thank you for taking the time to look that up for me! :)
 

mikermeals

New Member
Location
Chicago
this-is-how-to-start-investing-in-the-stock-market
Saw a good video posted on CNBC.com
https://www.cnbc.com/2020/02/12/josh-brown-this-is-how-to-start-investing-in-the-stock-market.html
Josh Brown says we should have three things in mind when investing:
  1. Set goals
  2. Start reading about the financial marketsā€¦I am big on this as I recommend the Wall Street Journal, watch CNBC/follow on line, Kiplinger, Forbes, Fortune whatever fits your time contrasts and level of expertise.
  3. Expect volatility
Bottom line is that it is not as easy as saying, ā€œshould I invest in Google or Apple?ā€
 

oldmontana

Member
Location
Montana
most should not be speculating in individual stocks either . for most passive investors they should stick to funds , either index or actively managed . market volatility is usually more than most can handle , without taking on individual company risk too .
most? I say some. I thinks up to each to decide. I would never invest in just funds, in fact I think funds are for investors that do not want to do their "homework".
 

mathjak107

Senior Member
most? I say some. I thinks up to each to decide. I would never invest in just funds, in fact I think funds are for investors that do not want to do their "homework".
most have enough trouble with funds and poor investor behavior .. that is evidenced by looking at morninstar investor returns .. they lag the returns the funds themselves got ...morningstar tracks the money flow to see what investors as a group gets and poor investor behavior hurts them in every fund .

it is okay to play around in stocks with a small sum of money but most investors should not try to bet on the whims of a few companies with the bulk of their assets . not only do you need to have the right companies , in the right sector at the right time in the right market sentiment , but even if you got the above correct , you better know what the competitors have on their drawing board.

that is more than MOST investors can or want to do .
 

oldmontana

Member
Location
Montana
most have enough trouble with funds and poor investor behavior .. that is evidenced by looking at morninstar investor returns .. they lag the returns the funds themselves got ...morningstar tracks the money flow to see what investors as a group gets and poor investor behavior hurts them in every fund .

it is okay to play around in stocks with a small sum of money but most investors should not try to bet on the whims of a few companies with the bulk of their assets . not only do you need to have the right companies , in the right sector at the right time in the right market sentiment , but even if you got the above correct , you better know what the competitors have on their drawing board.

that is more than MOST investors can or want to do .
More sour grapes about what I post. Very telling!
 

Aunt Bea

Well-known Member
Location
Near Mount Pilot
I stick with a variety of balanced funds because I'm lazy and I feel that I get a good return with a minimum amount of work or risk.

Years ago I had a good friend that believed investing in individual growth, value, and dividend producing stocks was like running a dairy farm. He never invested more than the price of a good cow in any one stock and operated under the theory that you lose a cow every now and then but you rarely lose the whole herd.

You don't have to be smart or ambitious to make money but it does help if you are persistent and pragmatic.

Find something that works for you and stick with it.
 

mathjak107

Senior Member
I stick with a variety of balanced funds because I'm lazy and I feel that I get a good return with a minimum amount of work or risk.

Years ago I had a good friend that believed investing in individual growth, value, and dividend producing stocks was like running a dairy farm. He never invested more than the price of a good cow in any one stock and operated under the theory that you lose a cow every now and then but you rarely lose the whole herd.

You don't have to be smart or ambitious to make money but it does help if you are persistent and pragmatic.

Find something that works for you and stick with it.
key word is stick with it .. boy , for investors that can be so hard ... but you are so correct .

however i will add this .... the last 40 years we have had nothing but a bull market in bonds with an occasional speed bump .. that made buy and die portfolio's work well with never being touched except to rebalance .... an s&p index fund and a total bond fund were fine to just with .

but when rates turn around again and eventually they will , choosing a bond fund is going to be very different .

there are some that do well with rising rates , some with falling rates , some with a weak dollar , some with a strong dollar . some respond to inflation better some to deflation .

so the point is it is going to be a lot harder then the past to maintain a balanced portfolio
 
......Josh Brown says we should have three things in mind when investing:
  1. Set goals
  2. Start reading about the financial marketsā€¦I am big on this as I recommend the Wall Street Journal, watch CNBC/follow on line, Kiplinger, Forbes, Fortune whatever fits your time contrasts and level of expertise.
I love the WSJ and have had digital access via subscription since they first began offering it. It is, however, VERY expensive. They are running a special right now of $19.50/mo. for 12 months, but the normal subscription price is $468/yr. You can cut that to $234/yr if you know someone who already has a WSJ subscription and they are willing to sign you up as a "gift subscriber".

Now, both NY Times and WS Journal articles ARE available for free on Google searches, but only IF you know the exact title of the article.

Knowledge is a great thing, but these days it often comes at a cost. Your public library may or may not have access to these publications - our city libraries, for example, although we live in a major metropolitan area, have suffered so many cutbacks that few have such financial publications available (assuming you can even find a branch that hasn't been closed or suffered greatly reduced hours).
 

fmdog44

Well-known Member
Location
Houston, Texas
Original Poster
1.Don't chase winners (buy low/sell high).
2.Don't be afraid to sell a winner.
3. Don't listen to your friends-if the investment turns out to be a loser your "friends" will not answer their phone.
4. Know when to hold them, know when to fold them as the song says.
 

mathjak107

Senior Member
#2 is actually the only one that tends to play out badly .

there are lots of things we hear and learn about markets that while they look and sound true they play out false.

we all know the saying buy low sell high. great idea but rarely can anyone really do it consistently.

why?

there is another saying " objects in motion stay in motion , until they hit something .

falling prices tend to feed on themselves and go lower until they don't. know one knows what low is because we all thought low in 2008-2009 was when the market fell 1000 points.

well that momentum turned into 5000 and 6000 points. people lost their shirt trying to buy low.

a better saying is buy high and sell higher. when that trend is already moving up that upward momentum may be the better time to buy . buy high and sell higher may be a whole lot more profitable but you never hear that stated that way ....we hear the trend is your friend yet other mantras disregard that fact .

why?

because the people who know don't tell , and the people who tell don't know.

think about it.
 

oldmontana

Member
Location
Montana
not at all . i have been an investor since 1987 in everything from art to real estate as well as equities . but facts are facts . most amateur investors do not even match the s&p 500 over the long term dabbling in individual stocks .

https://www.investopedia.com/articles/trading/10/beat-the-market.asp
You sound like you are the expert and what others have to say does not matter. Read your posts. please and see how you sound.

FYI I have been investing since the `1970's...so what?

Bye!
 


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