any serious Stock Market guys here? (I'm burnt out on sports)

[homie1975]

Anyone having anything to add?

With gratitude,
Homie

[Buckandadime]

and the stock market is a slow marathon not a gamblers sprint. Try to get out of the gamblers mindset of parlaying and teasing. Be realistic. A 5% increase in a month is tremendous. 5% plus a solid dividend a year is great. Expecting huge returns is a recipe for disaster because you are speculating. Slow burn until you are funded enough to then play a bit with a little amount. The market will go up and it will go down. Stocks will go up and they will go down. Be a contrarian almost like betting against the public. When the market crashes most people run. That's when you load up. When the market is booming, be careful, hedge your bets because it will correct.

Very sound advice.. If I may add something to all your advice: Don't listen to anybody on TV, Radio, etc.. By the time the news gets to you its way too late.. BOL

[Goat Milk]

just do some simple math. let's say you wager on 230 plays a year at -110 juice and $220 per play, that is an investment of $50600. 56% winners is about 129 wins, and 101 losses. not terribly difficult to do if you know how to cap and have the experience of three decades under you where you pick up things that the average sports fan or bettor won't see. Call it a gut feel for the game, and which numbers are off.

anyhow, 129 winners * $420 back per winner is $54180 in winnings, and when you subtract out the initial investment of $50600 you get net winnings of $3580

what is not factored into this is the stress of watching the games and how they play out, and constantly checking the phone for scores instead of focusing on the family and friends, and just living a normal life.

i was the same when i used to bet between $550 and $1100 per game. all i did was lower the bet amount so i would be more liberal with my plays, but what i did not take away was the weeknights and weekends focusing on scores to a point it has become unhealthy.

That has a MAJOR COST

one of the best posts you'll ever see on this forum

[Goat Milk]

Mac dominating this thread. Give us a stock winner.

Mac don't be a sucker and pay $50 for sneakers for your daughter. Clearance rack only. If you shop online, you get sucker prices. You mentioned Kohls. You find stuff there marked down from $300 to like $20 sometimes. Get on those clearance racks son. Fukk amazon. It's amazing yeah and convenient and you can find anything but you don't get the best deals. Not even close. Best deals always inside the stores. Just bought myself a pair of Jordan's $110 regular price. Got them for $38. My mom taught me to shop like this growing up. Because we had no money. Now I use these principles everywhere. I never settle for anything. If my food I pay for in a restaurant isn't up to standard, I send it back. I talk to the manager. Whatever I have to. Most Americans just eat their salty, overdone steak and not say anything. They're scared.

[jjgold]

If your betting $220 a game and stressed forget gambling

Do not even watch or look at scores for that small amount

[HAPPY BOY]

take a look at ESSI today..told u cats this shit is a rollercoaster penny stock..if u know how to play you get paid

[slamuels2021]

Google: how to SELL covered calls and put options.

Great way to create cash flow, get PAID immediately.

You need some capital (minimum 25K) and good credit to get started.

Have fun doing it.

[homie1975]

take a look at ESSI today..told u cats this shit is a rollercoaster penny stock..if u know how to play you get paid

Lost 20% of its value today I guess it's time to buy??

[homie1975]

Market falls 250 pts last 2 days who saw it coming

[homie1975]

Who can make sense of this market activity?
Please share your thoughts

[DMB40]

Marijuana stocks.
INQD
LXRP
GRPOF
NMUS

[homie1975]

I'm dicing into my studies does anyone have anything to add at the last minute here???

Thank you ALL and I'll see you around

[homie1975]

Market going up up up

But I'm not holding any positions, just got my 401k but no complaints

[homie1975]

Market surging since inauguration. Where are my ballers at?!?!!!

[Philmill]

Stock Market only good for parking money

Bad time to park now tho....all time highs

[homie1975]

2 or 3 good sized corrections earlier this month bit I missed the boat. I got surprised by the timing.

How are u guys doing? Maclyfe and others please check in

[jjgold]

if your long of course your doing well

Buying and selling daily or weekly you will get chewed alive just like sports

[HockeyRocks]

Investments pay me 5500.00 a month in Dividends...Steady pace wins the race

[homie1975]

Investments pay me 5500.00 a month in Dividends...Steady pace wins the race

What stocks are u holding to get these kind of dives. Thanks in advance for your help and answer

[alecmatt5]

2 or 3 good sized corrections earlier this month bit I missed the boat. I got surprised by the timing.

How are u guys doing? Maclyfe and others please check in

There are very very few people who can truly "time" the market. Most of the time it happens it is just luck. The key to the stock market is to be realistic and realize that you don't really know what is going to happen day to day or month to month. Diversify your investments, make recurring investments, and sit back and be patient. What you need to do is set a plan and stick to it. If you want to be aggressive then maybe put 80% in stocks and 20% in bonds and within that 80% put most of it in an index fund and then with a smaller percentage maybe do some research and pick a couple individual stocks that you like or maybe invest in foreign markets. If you want to be more conservative then a 60/40 split would be better. But the main point is to be patient and diversify your investments. Don't take my word for it, this is advice I've seen from most of the richest people on the planet and in particular a pretty wealthy guy named Warren Buffet (ever heard of him??).

[alecmatt5]

I just now realized this was originally posted in 2017 and that pretty much everything I said has already been said lol my bad

[HockeyRocks]

What stocks are u holding to get these kind of dives. Thanks in advance for your help and answer

Here are just a few: AGNC, ARR,CTL,EVA,MTGE......Good luck...

[homie1975]

markets went down today. i am thinking if another correction happens anytime soon i am jumping back in. my wife says not to because she thinks there will be a downturn, but i do not see the evidence or underlying reasons for this happening. i think right after another correction we will go on a bull run.

[d2bets]

Here are just a few: AGNC, ARR,CTL,EVA,MTGE......Good luck...

Yes, those pay high dividends, but otherwise that is a group of some pretty shitty performers over the last several years.

[jjgold]

There are very very few people who can truly "time" the market. Most of the time it happens it is just luck. The key to the stock market is to be realistic and realize that you don't really know what is going to happen day to day or month to month. Diversify your investments, make recurring investments, and sit back and be patient. What you need to do is set a plan and stick to it. If you want to be aggressive then maybe put 80% in stocks and 20% in bonds and within that 80% put most of it in an index fund and then with a smaller percentage maybe do some research and pick a couple individual stocks that you like or maybe invest in foreign markets. If you want to be more conservative then a 60/40 split would be better. But the main point is to be patient and diversify your investments. Don't take my word for it, this is advice I've seen from most of the richest people on the planet and in particular a pretty wealthy guy named Warren Buffet (ever heard of him??).

exactly..ok to play around in market small if doing it daily but any wealth is created long term
Losers trade daily, weekly, etc

[floridagolfer]

Being active in the stock market is a lot like sports gambling in that people don't want to do the work; they want to follow what everyone else is doing.

I would start by buying index funds that correlate to the major averages — DIA, QQQ, SPY, IWM. There's generally little reason for the average investor to worry about trying to pick winning individual stocks; that's very hard to do on a consistent basis. Investing in the market is slow and steady; it rarely gives you the immediate high you get with sports, but the lows usually aren't as volatile, either. The best thing is, your hard-earned money isn't riding on whether an immature 19-year-old throws up a 35-footer or takes the ball to the hoop for a sure two in the final seconds of a blowout.

[homie1975]

Being active in the stock market is a lot like sports gambling in that people don't want to do the work; they want to follow what everyone else is doing.

I would start by buying index funds that correlate to the major averages — DIA, QQQ, SPY, IWM. There's generally little reason for the average investor to worry about trying to pick winning individual stocks; that's very hard to do on a consistent basis. Investing in the market is slow and steady; it rarely gives you the immediate high you get with sports, but the lows usually aren't as volatile, either. The best thing is, your hard-earned money isn't riding on whether an immature 19-year-old throws up a 35-footer or takes the ball to the hoop for a sure two in the final seconds of a blowout.

great info. i see you provided DOW, Nasdaq, S&P, and Russell.

are these the only ETF's directly correlated with the indexes? if not, can you tell me the others quickly (not asking you to spoonfeed me).

thanks Buddy!!

[HockeyRocks]

Yes, those pay high dividends, but otherwise that is a group of some pretty shitty performers over the last several years.

With the dividends my cost basis on all are less than 50% of today's share price....Just got into CTL a few months ago at 14.75...Who ya like?

[homie1975]

market correcting again obviously due to interest rate hike concerns so what is the play here Boys. those of you looking to jump in or to load up more, when do you do it? now or do you wait more?

[vividjohn45]

raise your bets pal

Got to agree with you Rudy. That's the way you make money in this business . Be successful and raise wagers according to rules of bankroll

[vividjohn45]

Why don't you stick with sports and do draftkings. ? 30 yrs wagering you should also know the players

[d2bets]

market correcting again obviously due to interest rate hike concerns so what is the play here Boys. those of you looking to jump in or to load up more, when do you do it? now or do you wait more?

No, it's mostly Trump's tariff protectionism fears.

[homie1975]

No, it's mostly Trump's tariff protectionism fears.

the rate hike looms as well as we've had 3-4 losing sessions in a row since powell starting talking.

i bought TQQQ and SOXL today

[homie1975]

Why don't you stick with sports and do draftkings. ? 30 yrs wagering you should also know the players

i despise fantasy sports bro. despise it. not sure why

[grease lightnin]

No, it's mostly Trump's tariff protectionism fears.

100% correct