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Stock market will be tanking today
My FA called me at 815am and we talked about 30-35 minutes and he pretty much said today my apple stock is going to shit and we are going to be buying more of it around 130pm today. he is also looking at my other stocks and said we are moving things around. i invested originally 500k 1 time with him and market has been shit. he said we are going to be moving things around today and adding about 25k more to the 500k. just start going up penetrate meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
<br>
i own
apple
amx
bershire (b shares)
bp
chkr (why am i in this i do not know)
csco
ge (another stock idk why i am in)
gt
jnj
ko
lvs
pfe
sig
t
txt
baba
intc
disney
500k invested will give a break down of each....
i am waiting to see opening bell and see how bad this guy is talking...
18 stocks total i own and sadly i am in red on most of them. i pay this guy a ton of cash to do research and it seems he is just like one of these sports guys selling picks same shit. they collect while i am looking say will i lose my 500k invested while he says impossible. we are just entering a bear market but these stocks will perform great long term and when your 40 youll have about 1.2 -1.3 million just in stocks.
yeah great speech how ever we are below 450k right now that is 50k down toliet...
Knew all of this yesterday
You can pay me instead so you can be on top of your game
i just paod a guy from merrill lynch 500.00 today and I gotta take 25k out of my personal and send it over to wealth management. plus I am eating fees on what ever he sells and buys today. than I am riding it out until after super bowl.
The markets have known about it (smart phone plateau, Chinese weakness) for months. Today the rookies (and the armies of FAs who don't have skin in their clientele's game/IRAs/401ks) get shaken out.Originally Posted by sourtwist
it sucks i got 25k of apple when it was 200.00 plus and it has tanked a ton 157.00 and will be tanking today so i know he wants to use some of that 25k and rebuy this stock.
what is he going to do with the other 17 i have to wait until 130pm
i gave 500k up front and got 3 months free service from this guy july to october.
he advised i get a house 200-250k i went with a 165k house becuase i really want to buy a acre and build our dream house on it. than october i paid him 2500.00 to run till end of year and he will call me manage my account and ect ect.
i set up my llc holdings company and october november decemeber the worst months in history.
janauary 3rd i am sending him 25k and another 500.00
WHAT A JOKE
he wants me to get a annuity as well but i told him i wanted to wait. got a life insurance policy though which was small now that i got the house he wants me to get a life insurance bigger policy. waiting till 130 on this guy. i will be watching market smoking cigars left and right
<br>
so i have 123 shares of apple in my portfolio current price i bought them at is 202.00 now it is at 157.00 and i am paying this guy mulaaaaaaaaaaaaaaaaaaaaa...
since buying my 165k house I have gone thru one of the worst times in history it seems. thank god I am 31 the fa says lol he said I will be fine
This guy seems dangerous. Make sure he isn't sneaking his name as beneficiary for that policy.
no he is just a banker man i inherited 1.6 i had about 2600.00 to my name than millioanire so he gave me solid advice 500k set aside in the market since your not working. get a llc holdings company buy a house cash most important thing becuase once again your not working.
i bought 10 bit coins and i lost about 132k in sports last year and traveled and did a few things. he told me this year i needed to tone down and let the market rebound. he means well the stock market just sucks right now.
this thread means the market will be booming
Doesn’t seem like a great guy to be dealing with....hopefully you don’t get fleeced.
why do u say that cuse
apple is at 145.00 i am down 55.00 a share on 123 shares and i think i would bet he is buying more apple today with the 25k i send him.
curious to see what he does.
guy is spot on though apple is down 8 percent the rest of my 17 are only down 1 percent as of now.
so he was right calling me about apple. 8 percent drop when its been tanking isnt good.
berkshire b shares down 2 percent
ge down 2 percent
i imagine berkshire has apple in it it has a bunch of things in it but i imagine apple is bringing it down.
apple pays a 2 percent dividned which could help this down swing. apple also doesnt seem to be turning around any time soon.
30 minutes in i think this is the most damage i will take today. i will be back once i get a update of where my 25k went. he said 130 latest
ko coke is up lol 1 out of 18 isnt bad
I might go with a different financial advisor at this point. He doesn’t seem like he has your best interest in mind.
Also, it seems like some of the day-to-day stock losses are really stressing you out.
I’d read some of Warren Buffett’s philosophies on owning stock. They might help your mindset if you’re in it for the long haul. Good luck!
so here is a update as of right now, he said lets sell out of ge completely and lets put 10k more in apple 5k in disney only using 15k instead of 25k which he asked for. he said lets watch how market does from now until febauary 5th. so there ya have it. added more to apple which he said is a long position sold out of ge completely and added 5k of disney stock. he said something about them streaming and he expects big gains from them this year. '
never the less i said yeah paid him his fee and added 15k so now i am in for 515,000.00 total invested in stock market.
UP and Down and round and round we go..
Guy must love you. You live and die with every second the market is open.
Please let me know about the 10 bit coins you bought. Hopefully that was a full year or more ago 😭
will see how it goes he made a quick buck today off me. i listened did everything he said i should do. next time i talk to him is in a month or so. febuary 5th. and as far as watching market every day well i dont work so i consider this my job and my chick is like your down in your job doesnt seem smart. i am like it takes time if i make 10 percent a year i will be sitting pretty by time i am 40.
i bought 10 bit coins at 6500.00 a piece where ever bit coin is now thats where i am at.
i am down in bitcoin as well. every investemnt i did last year pretty much went down. of the 1.6 i got the only good thing is the 165k house and my guess is real estate will pop but atleast with realestate i can rent it out. which is the plan in 1-2 years. guy said the stocks u double every 7 years so my 500k should be like 1.5 by 40 lmao i am like yeah okay will see about that.
How'd you save 500k in the first place? Selling/ swapping stocks? Jeebus... There's no way someone this ignorant with money can accumulate 500k? Is there?
Just hold your stocks? And stop paying a company to manage it for you, jeebus.
inheritance of 1.6
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