In reply to johndej :
WOW 😮!
I guess it's got legs.
What's next?
As of today, I'm officially out of Rolls Royce Holdings (RYCEY)
Got in on 611 shares at $1.58 each and out at $6.50/share. That was a decent return.
(note: I bought the stock in a regular taxable account, so for tax advantages, I donated the stock to a charitable organization.)
Thanks again to HungaryBill for the tip !
Anyone got a new tip?
Indy - Guy said:Stock split 10 to 1 several days ago.
It's now trading at the equivalent of $1356 a share.
I still will never forget/forgive my parents for pushing me to "save" the $500 I wanted to invest in Nvidia when I graduated highschool in 2012.
In reply to RacetruckRon :
That's up there with my grandfather fighting me that "the Internet is just a fad" when I tried to get permission to turn my mutual funds into Google stock when they went public.
I just sold all my AMZN and spent it on UPS. Not saying it was a good decision, but I think that UPS is set to grow more quickly for a while. *I'm wrong of course and posting it here for accountability. One year chart:
Wally (Forum Supporter) said:Soup season is coming so I'm picking up more chicken.
What's the ticker symbol for Chicken Stock?
AAZCD-Jon (Forum Supporter) said:I just sold all my AMZN and spent it on UPS. Not saying it was a good decision, but I think that UPS is set to grow more quickly for a while. *I'm wrong of course and posting it here for accountability. One year chart:
Oh, do we have to post our losers too?
Wally (Forum Supporter) said:Soup season is coming so I'm picking up more chicken.
Massively underrated comment. No notes.
If your stock goes up 50% and then goes down 50%, you're left with 75% of your initial investment...If you stock goes down 50% and then goes up 50%, again, you're left with 75% of your initial investment.
I'm 60 and I've always held the large majority of my investments in various S&P 500 Index funds (as of this moment, it's 92.42%)...study after study consistently show that people tend to do significantly worse when they try to time the market or pick individual winners.
Good luck to all!
In reply to RX Reven' :
I have not checked to verify this, but it smells accurate: Fidelity did an analysis of its account owners and what demographic(?) group had the best overall returns.
Any guesses?
Account owners who had died but the accounts hadn't been closed yet.
In reply to RX Reven' :
I tend to use VTI which is mostly a mirror of the SP500 with a bunch of smaller stocks added in with proportionally smaller holdings. It's astonishing what it's done in the last year. I'm having a hard time accepting it but know better than to make any changes. 39% up in one year ... plus dividends makes it closer to 42%. The answer to life the universe and everything.
mtn said:In reply to RX Reven' :
I have not checked to verify this, but it smells accurate: Fidelity did an analysis of its account owners and what demographic(?) group had the best overall returns.
Any guesses?
Account owners who had died but the accounts hadn't been closed yet.
I hadn't heard about that study but it's over the top hilarious!
Thank you sooo much for sharing it.
NVDA hit a record high this week: $144.42.
Blackwell, our next gen AI chip, is apparently sold out for the next year. I'm really curious to see what the stock does up to and after the quarter announcement in November.
RX Reven' said:...
I'm 60 and I've always held the large majority of my investments in various S&P 500 Index funds (as of this moment, it's 92.42%)...study after study consistently show that people tend to do significantly worse when they try to time the market or pick individual winners.
Good luck to all!
Index funds are great for long term investment, but they are Boring. Once that's [financial security] covered some speculation stocks are fun. Like for hard assets; buy guns and ammo. When that is covered, buy project cars.
AAZCD-Jon (Forum Supporter) said:RX Reven' said:...
I'm 60 and I've always held the large majority of my investments in various S&P 500 Index funds (as of this moment, it's 92.42%)...study after study consistently show that people tend to do significantly worse when they try to time the market or pick individual winners.
Good luck to all!
Index funds are great for long term investment, but they are Boring. Once that's [financial security] covered some speculation stocks are fun. Like for hard assets; buy guns and ammo. When that is covered, buy project cars.
Yep. I've got over 96% of my investments in boring mutual funds of various flavors, but I enjoy the thrill of the chase on a few stock picks.
Take a look at Steel Dynamics. You can thank me later.
AAZCD-Jon (Forum Supporter) said:RX Reven' said:...
I'm 60 and I've always held the large majority of my investments in various S&P 500 Index funds (as of this moment, it's 92.42%)...study after study consistently show that people tend to do significantly worse when they try to time the market or pick individual winners.
Good luck to all!
Index funds are great for long term investment, but they are Boring. Once that's [financial security] covered some speculation stocks are fun. Like for hard assets; buy guns and ammo. When that is covered, buy project cars.
Agreed.
1 - 92.42% = 7.58% which I have invested in other areas.
One of those other areas is Amazon (AMZN) which I bought $3,200 of around 30 years ago and it's now worth more than enough to buy and brand new Porsche 911 all up with tax, license, registration, & destination charges.
BTW, my Amazon position is in my Roth account so I will never owe any capital gains tax on it so I truly can drive away in a brand new 911 on a $3,200 young Rx Reven' investment.
As a career math person, I'm just pointing out how the game works...a given percentage of good plus an equal given percentage of bad equals a net loss.
Conclusion: Don't get cocky...yes, active investing makes it more exciting but please stay focused on the objective...what net worth do you want by what age?
^ Yup. I only ever play with a tiny % of the portfolio. Of course, through growth it can result in a larger number (TSLA that I bought at $90 for example). You need to have a good plan to divest, especially if you are an idiot like me and made some of your 'play' trades in a taxable account 😬
Looks like this year might be the year I hit the 'poverty retirement' milestone. Puts me on track for mediocre retirement in 4-5 years, and pretty damn comfortable in 10.
I wish I had started sooner (I'm 41 now), but its still a really good feeling.
Oh...My...Gauuude!
The S&P 500 averages about a 10.5% gain per year and we've seen over a 4.0% gain this week alone so that's about four and a half months of action packed into just a few days.
TravisTheHuman said:Looks like this year might be the year I hit the 'poverty retirement' milestone. Puts me on track for mediocre retirement in 4-5 years, and pretty damn comfortable in 10.
I run a financial dashboard that pulls absolutely everything together onto one summary page...if Mrs. Reven' buys a coffee, my target retirement point instantly gets pushed forward in time something like 2.015 minutes; no joke.
From this, I have one number expressed as a percent at the very bottom right of my dashboard titled "Window of Opportunity"...0% means I have just enough to safely retire...50% means I'm at the optimal risk trade off point between having enough money and having enough time in retirement...100% means there is no practical reason to keep chasing money; go play.
I've been running my current dashboard since 2012 and it has been very satisfying to watch the "Window of Opportunity" number move up over time and to witness various milestone attainments. It has also served to remind me of why I don't waste money on stupid E36 M3 or feel jealous when others have nicer things.
Consider picking a target number and flanking it with a confidence interval of say +/- 500K...with that, you can enjoy seeing exactly where you are on the journey.
"put everything in cash, it's going to crash soon" says all the naysayers, always. It's impossible to predict, and the only thing putting it in cash guarantees you is no return and a path to working every day of the rest of your life.
Dot com meltdown, 2008 GFC, Covid, and all the corrections inbetween, you keep steady and you keep making returns. Put your money in, and bide your time. It's amazing how a formula that's worked for hundreds of years continues to work and people continue to say it's different this time.
Time in market beats timing the market. Just put some in and give it a decade and see what you think then...
RX Reven' said:I run a financial dashboard that pulls absolutely everything together onto one summary page...if my Mrs. Reven' buys a coffee, my target retirement point instantly gets pushed forward in time something like 2.015 minutes; no joke.
Is that something you made or is it a third party thing?
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