Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

I see the dollar falling from .825 euros to .82 euros. 

[Admiral Yi]

CORRECTION ON

[Josquius]

CORRECTION ON

Ey?
I've noticed things being generally down and more gme insanity. Something else on?

[Tamas]

CORRECTION ON

Ey?
I've noticed things being generally down and more gme insanity. Something else on?

I mean, we had an insane bull market for the past 6 months or so. Eventually things must go down for a bit.

I'd guess a longer term thin that may happen is the switch from meme stocks and ridiculously overvalued speculative plays like Tesla back into companies with actual value.

[Admiral Yi]

Ey?
I've noticed things being generally down and more gme insanity. Something else on?

My portfollio, which is tech-heavy, has been getting massacred since Monday, when alarm bells sounded about rising interest rates.  Like Tamas mentioned, my dividend and value stuff has not been much affected.

What do you own?

[Josquius]

I'm pretty varied.
A lot in green energy; bet on a Biden win before the election, which is pretty sharply down over the last week though today was less bad.
CLNE is one where I've regret of not selling at the top, still think it should recover though.
Workhorse too... No idea what's next there. Obvious reasons for its collapse.
In random stuff sold bank of Montreal at the top though ( can't remember the reasoning but Canadian banks seemed a good bet and it looked the most under priced) so there's that.
Bought some air travel related stuff at the bottom too which is starting to go up.

[Admiral Yi]

If you don't mind my asking Squeeze, back in March 20 did you dribble and drabble or did you go all in like I suggested?

[Josquius]

Absolutely not all in no, very much trying to keep this gambling habit under control with small bits every month, part to secure long term investments and part to spec stuff.
If I had put all my money into some things last year I'd be well up but on the other hand I just know I would have chose the wrong ones. Still learning with all this

[Admiral Yi]

I wish you wouldn't think of buying shares as gambling.  Options, yes, shares no.  Shares are an asset that over time is going to grow geometrically.

[crazy canuck]

Tyr, when considering whether Yi's approach to purchasing shares is gambling or not, consider his phraseology of "going all in"

[Habbaku]

Absolutely not all in no, very much trying to keep this gambling habit under control with small bits every month, part to secure long term investments and part to spec stuff.
If I had put all my money into some things last year I'd be well up but on the other hand I just know I would have chose the wrong ones. Still learning with all this

Is the money you're putting in purely gambling money or is this meant to be part of your retirement plan as well?

[Admiral Yi]

Bought some more CRSP.  Sold an Uber 3/26 put @50.

[Josquius]

Is the money you're putting in purely gambling money or is this meant to be part of your retirement plan as well?

I don't think I'll reach an age to be in a state to think about retirement. If I do then I just have to hope my kids like me. Such is the way for millennials and younger.
So no. Not thinking about stocks with an eye to this. Though it does remind me I need to get on top of moving my Swiss pension into an account without charges.

I wish you wouldn't think of buying shares as gambling.  Options, yes, shares no.  Shares are an asset that over time is going to grow geometrically.

It's safer than most gambling for sure. You are highly unlikely to lose ALL the money you put in. And it isn't as dependent on luck as walking into a casino or even betting on sports.
Nonetheless compared to just keeping money in the bank even the best etf is a slight gamble. Stocks more so.

[Habbaku]

Such is the way for millennials and younger.

So no. Not thinking about stocks with an eye to this. Though it does remind me I need to get on top of moving my Swiss pension into an account without charges.

Do you not see the disconnect here? This is a terrible way to think about investing.

[DGuller]

I think a good definition to separate gambling from (possibly risky) investment is whether the expected return is positive or negative, after all expenses and such.  There is an inflection point there: if your expected returns are positive, then you want to minimize the volatility as much as possible to maximize your chance of making a profit.  If your expected returns are negative, then you want to push the volatility up without bound to maximize your chance of making a profit.