Stocks and Trading Thread - Channeling your inner Mono

[Caliga]

Yeah, my investments have been doing well enough that my retirement calculator now declares that I can retire at 66 rather than 67.

[Camerus]

Yeah, in spite of the earlier dip, my wife and are still moving closer to our goal of early retirement.  :mono:

[Hamilcar]

I still think my best performing asset are the shares in my own tech startup. 

[Tamas]

Do you recon there will be a general correction before the eternal run upwards resumes, or it is just now up all the time, every time?

[Hamilcar]

Do you recon there will be a general correction before the eternal run upwards resumes, or it is just now up all the time, every time?

Define correction.

[merithyn]

And they reported a profit for Apr-Jun quarter. 

Also...the Cybertruck will be built in a new factory in Valmy's backyard.  Musk bless Texas. 

My friend, Erik, is on the list for one of those.

[Valmy]

My friend, Erik, is on the list for one of those.

It just doesn't look like a truck does it? I mean even if it is better at being a truck than a current truck often people just want a truck for the aesthetics, not because they always want to be the person their friends call when they are moving.

[merithyn]

He needs a truck for his hobbies, and wants a self-driving car. So this is perfect for him. And I think he actually likes the way it looks, though I have no idea how/why. I think it's because he appreciates that it's all angles so easier/faster/cheaper to produce than modern cars/trucks?

[Tonitrus]

I like the looks of Rivian's EV pickup, and Nikola's as well.  But, they're both yet-to-tested EV companies.  Tesla at least has credibility.

But Tesla is really becoming like the Microsoft (Windows) of EVs.  I think their real genius has been their lean-in on the charging infrastructure.

[crazy canuck]

So it was with trepidation that I opened the statement on my 401k expecting to have taken a bath over the past three months (April-June) but instead I see it went up in value by over 15% 

Maybe it was all invested in mask and ventilator manufacturers 

That is great news.  I had the opposite happen.  Gains not as large as I expected given that I nailed the timing to move back in (dumb luck) but my broker is pretty defensive in his strategy.   I kind of wish I had instructed him to be more aggressive but I am not psychologically built that way for investing.

[Tamas]

Do you recon there will be a general correction before the eternal run upwards resumes, or it is just now up all the time, every time?

Define correction.

IDK, I guess, going back to April levels?

[Tamas]

So it was with trepidation that I opened the statement on my 401k expecting to have taken a bath over the past three months (April-June) but instead I see it went up in value by over 15% 

Maybe it was all invested in mask and ventilator manufacturers 

That is great news.  I had the opposite happen.  Gains not as large as I expected given that I nailed the timing to move back in (dumb luck) but my broker is pretty defensive in his strategy.   I kind of wish I had instructed him to be more aggressive but I am not psychologically built that way for investing.

My workplace pension fund from my previous employer is in a high risk fund. The annual report was just after the crash and it lost like 10% IIRC but when I checked on it last week it was all back and some. Virtual money printing sure works. I am thinking I am going to leave this account separate and high risk, and use my freshly accumulating newest workplace pension account as medium risk.

[Hamilcar]

Do you recon there will be a general correction before the eternal run upwards resumes, or it is just now up all the time, every time?

Define correction.

IDK, I guess, going back to April levels?

Outside of an external distruptor like Corona, essentially nil.

[crazy canuck]

And since the world is experiencing an external distruptor like Corona what does your crystal ball say?

[Hamilcar]

And since the world is experiencing an external distruptor like Corona what does your crystal ball say?

My prior on them is flat.