Apocalypse Investment thread.
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good (although long) read on things you should consider when constructing your portfolio:
portfoliocharts.com
Three Secret Ingredients of the Most Efficient Portfolios – Portfolio Charts
What do the most efficient portfolios in history have in common? Let's study every possible option at once and see what we can learn.
portfoliocharts.com
How old is your son? Being young, he has the advantage of time, which is usually more valuable than money. Educate him on the power of compound interest. If he invests in the sp500 for 40 years, at $1000 a month, he will end up with 5.5M if the market averages 10% a year.
I got out a long time ago. I am looking at this as a potential buying opportunity pretty soon though.
Oh it is. A few positions I have on some platforms are down more than that. But it's the long term I believe in. When I see an influx in buying volume and the charts look good. I will buy a new position for the move back up.Yea down 25% is pretty heavy
I had to reduce my position to take some profit and look for a better entry. Plus I need to make sure I have money sitting in my account to pay bills since day trading is my work. Sadly, that meant reducing my MVIS position. But I will buy back more. If I decide to go back to work (construction) this year, then everything sitting in my investment accounts will go back in heavily towards MVIS. That's how much I still believe in the company in the long run. They do have a great product, but it comes down to the fact that it's in a space that no company is in currently or at least to the high standard that is trying to be met. MVIS as well as quite a few others are in a consortium to make the standard. Once they (MVIS) gets the CE certification, I think the gloves comes off and things bounce back up pretty well. Not looking at this for a buyout (although would be nice). I have actually added quite a bit to both my daughters' custodial accounts more and more MVIS. Anything I give them extra money for their investment future, I atleast add a little bit to MVIS for them.
They are... Albeit virtually. They canceled almost last minute to do virtual instead of in person due to the rise in covid cases. Next critical support is low $3 on the daily chart. It's still in a downtrend.
Unfortunately, I still see more downward movement unless buying pressure steps in and I don't see that. Of course any news can change that but the charts still show a downtrend. Again, about $3 is critical support. Current resistance is about $4.40ish and between $4.75 and $4.95. I could realistically see a push towards $5 but if momentum and volume isn't there, then we're going to push back down.
Peloton says it may consider cutting jobs and 'resetting' production
Peloton CEO John Foley acknowledged Thursday that the company is "considering all options" — including layoffs and production curbs — after a report that the fitness firm has stopped manufacturing its bikes and treadmills sent shares crashing.
Netflix shares tank 20% on weak subscriber outlook
Netflix's stock fell 20% in after hours trading due to a bad outlook for its future growth.
www.cnn.com
i know with inflation that value/dividend stocks are sought, but not sure the dividends or stock growth (arguably just inflation itself) are all that great. so it would seem some of the best assets to seek out now are companies with monopolies on delivering x with pricing power behind them to keep raising the prices, and anything that is a unique property which should minimally be able to match inflation.
I'm still waiting for my buying opportunity. Still looks like a downtrend. No buying pressure right now. But I'm getting anxious. First saw MVIS when they were 40 cents and started buying at the low $1 range. Then averaged up. I'm itching to buy more. I feel bad for my FIL since I convinced my FIL to buy in around $19. Lol..... It's the long game that matters.
If they get under $1 I'll be buying a nice chunk for long term stashing. I'm also glad I sold when it was like $15
I'm still waiting for my buying opportunity. Still looks like a downtrend. No buying pressure right now. But I'm getting anxious. First saw MVIS when they were 40 cents and started buying at the low $1 range. Then averaged up. I'm itching to buy more. I feel bad for my FIL since I convinced my FIL to buy in around $19. Lol..... It's the long game that matters.
been picking up damn near everything in my portfolio in hopes to drive avg share costs down that have broke even or that im upside down on. This too shall pass boys, stay the course !
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