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**OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR
01-17-2021, 03:02 PM
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#8731
- Lb54TG
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- Lb54TG
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Originally Posted By Harry362⏩
What’s the hype around IPOE?I'd go $20 definitely if assigned just wheel it. I have 1500 commons of IPOE at 17.90 thinking it goes for a run, will trim 500 shares if it moons and hold the other 1k for long.
Hoping CCIV hits it big and gives me some massive put selling power
Hoping CCIV hits it big and gives me some massive put selling power
I’ve had it on my watchlist for a week but haven’t bought any.
But seeing a lot of talk on it.
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01-17-2021, 03:07 PM
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#8732
- FL_Z32
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- FL_Z32
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I've been running numbers today for the scenario of selling my house and moving into a rented apartment. I have 100% equity in my house, so I'd have ~550k available in my brokerage account if I sold it. I make low 6 figures in my job, but don't intend for doing it the next 20 years. Even if I can do half as well in the market with 550k as I've been doing with 100k, I'd be making some serious money when combined with my day job.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
01-17-2021, 04:12 PM
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#8733
- Lb54TG
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- Lb54TG
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Originally Posted By FL_Z32⏩
I think there’s many opportunities for you to be successful and make more trading.I've been running numbers today for the scenario of selling my house and moving into a rented apartment. I have 100% equity in my house, so I'd have ~550k available in my brokerage account if I sold it. I make low 6 figures in my job, but don't intend for doing it the next 20 years. Even if I can do half as well in the market with 550k as I've been doing with 100k, I'd be making some serious money when combined with my day job.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
ESP with strategies like selling calls and such that I see here. And OptimusPrime11 does it full time.
I think with 550k you’d be able to make solid income to support for needs as you build up. I dread working for a corporation for the next 40
Years of my life too bro.
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01-17-2021, 04:13 PM
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#8734
- Travis99
- Philosophy Crew
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- Travis99
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Originally Posted By FL_Z32⏩
Interest rates are extremely low bro 2.5%. Keep your house take out a home equity loan (tax free money). Invest that money in the market or buy a rental. Take advantage of those rates while they last. Free moneyI've been running numbers today for the scenario of selling my house and moving into a rented apartment. I have 100% equity in my house, so I'd have ~550k available in my brokerage account if I sold it. I make low 6 figures in my job, but don't intend for doing it the next 20 years. Even if I can do half as well in the market with 550k as I've been doing with 100k, I'd be making some serious money when combined with my day job.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
There is no they…
01-17-2021, 04:20 PM
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#8735
Originally Posted By Travis99⏩
Heads up, you won’t be getting a cash out refi anywhere near 2.5%Interest rates are extremely low bro 2.5%. Keep your house take out a home equity loan (tax free money). Invest that money in the market or buy a rental. Take advantage of those rates while they last. Free money
"It won't get better, just different."
01-17-2021, 05:37 PM
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#8736
Originally Posted By chino3⏩
My neighbor just got his home refinanced for 2.2% at 30 years.Heads up, you won’t be getting a cash out refi anywhere near 2.5%
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01-17-2021, 06:07 PM
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#8737
- SouthDakotaBrah
- SUPERNOVA
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- SouthDakotaBrah
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Originally Posted By FL_Z32⏩
There’s no benefit to having a paid off mortgage if you have the cashflow to support paying one, might as well see what rate you can refinance at and put that equity into stocks IMOI've been running numbers today for the scenario of selling my house and moving into a rented apartment. I have 100% equity in my house, so I'd have ~550k available in my brokerage account if I sold it. I make low 6 figures in my job, but don't intend for doing it the next 20 years. Even if I can do half as well in the market with 550k as I've been doing with 100k, I'd be making some serious money when combined with my day job.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
I'm struggling with making such a big move though. Got a nice house, right next to parents, and don't have to worry about a mortgage. At the same time, I feel like if I don't ever take any additional risks, that I'll be continuing to slave away in my 9-5 for the next 25 years.
01-17-2021, 06:17 PM
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#8738
Originally Posted By _zman⏩
Ah cool. You should read up on the differences between a cash out refi and a refi. Good luck!My neighbor just got his home refinanced for 2.2% at 30 years.
Originally Posted By SouthDakotaBrah⏩
100% this. Cash out refis are around 3.5% if you’re lucky but let’s say even 4%. If you can’t meet or beat 4% in some other investment, I got some bad news. Even boring ass VOO averages nearly double that.There’s no benefit to having a paid off mortgage if you have the cashflow to support paying one, might as well see what rate you can refinance at and put that equity into stocks IMO
Paying chit off early only makes sense if your interest rate exceeds your potential ROI
"It won't get better, just different."
01-17-2021, 06:33 PM
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#8739
- RoyalRyy
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- RoyalRyy
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Originally Posted By Lb54TG⏩
That's one of the best DD threads I've ever seen on WSB lol. My money is tied in a bunch of other places otherwise I would have tossed some money at it.This is some solid DD on GME.
https://www.reddit.com/r/wallstreetb...tm_name=iossmf
Feeling good about my 222 shares.
Hiyooo you still in on this?
https://www.reddit.com/r/wallstreetb...tm_name=iossmf
Feeling good about my 222 shares.
Hiyooo you still in on this?
HTC
01-17-2021, 06:41 PM
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#8740
01-17-2021, 06:47 PM
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#8741
- FL_Z32
- DIY Brah
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- FL_Z32
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Originally Posted By chino3⏩
What you're saying makes complete sense when you look at it purely from a mathematical perspective. However, there's something to be said about being truly debt free and the sense of security that comes with that. I didn't owe too much on my mortgage in the first place, so it wasn't a big deal to just be done with it completely.100% this. Cash out refis are around 3.5% if you’re lucky but let’s say even 4%. If you can’t meet or beat 4% in some other investment, I got some bad news. Even boring ass VOO averages nearly double that.
Paying chit off early only makes sense if your interest rate exceeds your potential ROI
Paying chit off early only makes sense if your interest rate exceeds your potential ROI
01-17-2021, 07:02 PM
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#8742
Originally Posted By FL_Z32⏩
And here we are in an investing thread ¯\_(ツ)_/¯What you're saying makes complete sense when you look at itpurely from a mathematical perspective. However, there's something to be said about being truly debt free and the sense of security that comes with that. I didn't owe too much on my mortgage in the first place, so it wasn't a big deal to just be done with it completely.
I’m gonna go all logical again and say if you do a cash out at 4% and can make 7% on ETFs but for some reason that’s stressing you out, you can always just pay it all off at any point in time.
If you have money or access to money, it’s foolish to not make it work FOR you.
"It won't get better, just different."
01-17-2021, 07:38 PM
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#8743
- TugOfPeace
- 1012 ng/dl
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- TugOfPeace
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Originally Posted By Heaney⏩
my pleb company doesn't give us a holiday tomorrow, so I will be workingWhat are us plebs supposed to do during a closed market tomorrow, work or something?
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
01-17-2021, 07:44 PM
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#8744
- Heaney
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- Heaney
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Originally Posted By TugOfPeace⏩
Not a holiday up here in Canuckistan. Surprising the SJWs up here havent called it racist that we don't acknowledge it.my pleb company doesn't give us a holiday tomorrow, so I will be working
01-17-2021, 08:47 PM
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#8745
- Gizzyhardcore
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- Gizzyhardcore
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Originally Posted By Travis99⏩
This.Interest rates are extremely low bro 2.5%. Keep your house take out a home equity loan (tax free money). Invest that money in the market or buy a rental. Take advantage of those rates while they last. Free money
Property is a strategic asset cause long term it goes up in value, provides a yeild in the form of rent and you can borrow against it at super low rates cause its a relatively stable asset.
01-17-2021, 08:49 PM
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#8746
- FL_Z32
- DIY Brah
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- FL_Z32
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Originally Posted By chino3⏩
We are in an investing thread, which is why it would be retarded to not take risk tolerance into consideration when making financial decisions. You're assuming that an ETF that has an average return of 7% annually is a sure thing. Granted, the odds are dramatically in your favor for that average of 7% to continue, but there's always some element of risk when buying into anything on the market.And here we are in an investing thread ¯\_(ツ)_/¯
I’m gonna go all logical again and say if you do a cash out at 4% and can make 7% on ETFs but for some reason that’s stressing you out, you can always just pay it all off at any point in time.
If you have money or access to money, it’s foolish to not make it work FOR you.
I’m gonna go all logical again and say if you do a cash out at 4% and can make 7% on ETFs but for some reason that’s stressing you out, you can always just pay it all off at any point in time.
If you have money or access to money, it’s foolish to not make it work FOR you.
Lets say I leverage my home equity for a loan, then I get laid off from my job and then we have another March crash. I'd be pretty f*cked. Again, I realize the odds are against me for that to happen, but you're acting like it could never happen.
01-17-2021, 09:09 PM
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#8747
- SipNPiz
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- SipNPiz
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FL_Z32 my vote is keep the paid off house and just invest 100% of your disposable income from your job but change your attitude toward work (especially if you do not like your job) nothing better then knowing you can quit anytime you want knowing you got a place to live and can probably pay the property tax with min wage job lol. or just downgrade to a cheaper house paid for?
STEM Wagie Brah
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01-17-2021, 09:13 PM
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#8748
Originally Posted By FL_Z32⏩
Nah you’re right. Just sit on cash and don’t make it work for you.We are in an investing thread, which is why it would be retarded to not take risk tolerance into consideration when making financial decisions. You're assuming that an ETF that has an average return of 7% annually is a sure thing. Granted, the odds are dramatically in your favor for that average of 7% to continue, but there's always some element of risk when buying into anything on the market.
Lets say I leverage my home equity for a loan, then I get laid off from my job and then we have another March crash. I'd be pretty f*cked. Again, I realize the odds are against me for that to happen, but you're acting like it could never happen.
Lets say I leverage my home equity for a loan, then I get laid off from my job and then we have another March crash. I'd be pretty f*cked. Again, I realize the odds are against me for that to happen, but you're acting like it could never happen.
Investing 101
"It won't get better, just different."
01-17-2021, 09:17 PM
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#8749
01-17-2021, 09:18 PM
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#8750
- FL_Z32
- DIY Brah
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- FL_Z32
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Originally Posted By SipNPiz⏩
Honestly, that's my inclination.FL_Z32 my vote is keep the paid off house and just invest 100% of your disposable income from your job but change your attitude toward work (especially if you do not like your job) nothing better then knowing you can quit anytime you want knowing you got a place to live and can probably pay the property tax with min wage job lol. or just downgrade to a cheaper house paid for?
01-17-2021, 09:18 PM
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#8751
- TugOfPeace
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- TugOfPeace
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Dumb question - I wasn't invested in the market (beyond 401k) in March of last year. Did every single stock just plummet instantly?
If tomorrow we have a similar crash (for example purposes, I know market is closed) and I'm staring at my portfolio, will I be able to react quickly enough to close all my positions (I only hold a few)?
If tomorrow we have a similar crash (for example purposes, I know market is closed) and I'm staring at my portfolio, will I be able to react quickly enough to close all my positions (I only hold a few)?
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
01-17-2021, 09:19 PM
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#8752
- RobParks2M
- mad hatter
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- RobParks2M
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A lot of people fail to realize how expensive some benefits are particularly health insurance. Then there's the HSA/401k match which I think ended up being like $13k for me.
@tug everything insta sold off at open. What do you think you could react to in time? When markets open -5% are you gonna sell or hold and hope?
@tug everything insta sold off at open. What do you think you could react to in time? When markets open -5% are you gonna sell or hold and hope?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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01-17-2021, 09:31 PM
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#8753
- TugOfPeace
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- TugOfPeace
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Originally Posted By RobParks2M⏩
So even SPACS got sold off? I only hold BFT, GHIV, CCIV, and PLTR right now. I can understand PLTR selling off immediately, but you're saying even smaller stocks like the SPACs go through the same thing?A lot of people fail to realize how expensive some benefits are particularly health insurance. Then there's the HSA/401k match which I think ended up being like $13k for me.
@tug everything insta sold off at open. What do you think you could react to in time? When markets open -5% are you gonna sell or hold and hope?
@tug everything insta sold off at open. What do you think you could react to in time? When markets open -5% are you gonna sell or hold and hope?
If so then it seems like the only way to avoid a crash is to either not invest, or just day trade. That sucks. An older acquaintance of mine was telling me how in a previous crash, he knew of traders who lost 80% of their portfolio overnight.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
01-17-2021, 10:00 PM
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#8754
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By TugOfPeace⏩
No. Spacs especially near NAV typically have kinda pumped as a "safe haven". Others like BFT or GHIV drop too, but not as hard as overall markets typically, but that could changeSo even SPACS got sold off? I only hold BFT, GHIV, CCIV, and PLTR right now. I can understand PLTR selling off immediately, but you're saying even smaller stocks like the SPACs go through the same thing?
If so then it seems like the only way to avoid a crash is to either not invest, or just day trade. That sucks. An older acquaintance of mine was telling me how in a previous crash, he knew of traders who lost 80% of their portfolio overnight.
If so then it seems like the only way to avoid a crash is to either not invest, or just day trade. That sucks. An older acquaintance of mine was telling me how in a previous crash, he knew of traders who lost 80% of their portfolio overnight.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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01-17-2021, 10:10 PM
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#8755
- Galindo62
- neck of peace
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- Galindo62
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Originally Posted By RobParks2M⏩
They're a broker. So they do a lot. They have a really nice clean app. They advertise an f load in the u.s.Why you think IPOE moons harder?
Sofi primarily refinances student loans... imo their bread and butter has probably gotten crushed with student loan forbearance extended to infinity. I'd be scared to own it right now. How much further you think it can pump?
Sofi primarily refinances student loans... imo their bread and butter has probably gotten crushed with student loan forbearance extended to infinity. I'd be scared to own it right now. How much further you think it can pump?
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
01-17-2021, 10:54 PM
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#8756
- FFailed
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Originally Posted By TugOfPeace⏩
Were they from WSB? Must have been jacked to the tits on some sick 30% OTM weekliesSo even SPACS got sold off? I only hold BFT, GHIV, CCIV, and PLTR right now. I can understand PLTR selling off immediately, but you're saying even smaller stocks like the SPACs go through the same thing?
If so then it seems like the only way to avoid a crash is to either not invest, or just day trade. That sucks. An older acquaintance of mine was telling me how in a previous crash, he knew of traders who lost 80% of their portfolio overnight.
If so then it seems like the only way to avoid a crash is to either not invest, or just day trade. That sucks. An older acquaintance of mine was telling me how in a previous crash, he knew of traders who lost 80% of their portfolio overnight.
01-17-2021, 10:55 PM
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#8757
- SolidPaul
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- SolidPaul
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Originally Posted By RobParks2M⏩
Absolutely incorrect. The whole market in March sold off. I was there. Nothing was immune from the sell off. It happened fast and circuit breakers were hit. Pull up any ticker except volatility and bear stocks and you'll see.No. Spacs especially near NAV typically have kinda pumped as a "safe haven". Others like BFT or GHIV drop too, but not as hard as overall markets typically, but that could change
Also that's why you hedge your bets. You own a heavy position in SPY and concerned about a crash? Use puts and calls on volatility.
01-17-2021, 11:08 PM
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#8758
Originally Posted By ReyDelMundo⏩
Yes, I can see this working but most will disagree. It's like pcpartpicker irl. PC gaming and esports markets keep growing, demand is there. It's a good move imo.Holy fuk, the GME hype may be more than just a pump...
Read a discussion on GME pivoting to have more of a focus on custom pc builds. This could be genius, they made their business before off of offering a wide range of games and accessories, but they made their money off of buying and selling used games. High end pc gamers are constantly chasing the newest equipment and there is billions of desirable hardware sitting around unused because someone upgraded and didn't sell it.
GME would make this process extremely easy. A lot of people complain about having to drive hundreds of miles to get to their nearest microsystem. I'm not getting in on it, especially at these prices, but still interesting.
Read a discussion on GME pivoting to have more of a focus on custom pc builds. This could be genius, they made their business before off of offering a wide range of games and accessories, but they made their money off of buying and selling used games. High end pc gamers are constantly chasing the newest equipment and there is billions of desirable hardware sitting around unused because someone upgraded and didn't sell it.
GME would make this process extremely easy. A lot of people complain about having to drive hundreds of miles to get to their nearest microsystem. I'm not getting in on it, especially at these prices, but still interesting.
Originally Posted By chino3⏩
They will be fine imo because their target audience will be different, most likely console bros and youths. It's like why buy ps5 over PC when PC is superior in every way, different consumers. I can see them partnering with streamers and esports to advertise similar to what Intel/Nvidia did. Gaming brands, they are bigger than we think e.g. Alienware, Razor, ROG, etc, all these gimmicky gaming chairs, mouse, keyboards, etc.. they sell like hotcakes... Most of us don't understand because we simply aren't teens anymore. I mean esports & streamers have a lot of influence over gaming peripherals and sales of games in general. Amazon bought Twitch for a reason... Imo newegg & microcenter is mostly for older ppl, young adults like us who want the best bang for our buck and PC master race enthusiasts who need to max their epeen benchmarks and fps.3) lol at GME trying to compete with the likes of new egg, micro center, etc.
Originally Posted By Lb54TG⏩
100% my man, I got weeklies + earnings calls + shares on this bitch, <10% of my porfolio. If the squeeze doesn't happen, I still plan to hold long term (years) srs. I see potential in their vision and roadmap but bLoCkbUstEr, yeah we all know that and the company knows that. It's adapt or perish, their plan looks legit to me. Adaptation takes time and only time will tell.This is some solid DD on GME.
https://www.reddit.com/r/wallstreetb...tm_name=iossmf
Feeling good about my 222 shares.
Hiyooo you still in on this?
https://www.reddit.com/r/wallstreetb...tm_name=iossmf
Feeling good about my 222 shares.
Hiyooo you still in on this?
01-18-2021, 12:41 AM
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#8759
- A1lthatrema1ns
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- A1lthatrema1ns
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Originally Posted By Lb54TG⏩
alright...GME has my attention now...can't argue a lot of this thread (a lot i didnt realize about who's now involved with GME)....i've also been bearish on GME for years...definitely an interesting read and good points madeThis is some solid DD on GME.
https://www.reddit.com/r/wallstreetb...tm_name=iossmf
Feeling good about my 222 shares.
Hiyooo you still in on this?
https://www.reddit.com/r/wallstreetb...tm_name=iossmf
Feeling good about my 222 shares.
Hiyooo you still in on this?
Founder of "Prime Minister" (srs)
Founder of "Always Picks 2 Crew" (srs)
01-18-2021, 01:42 AM
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#8760
- ajctennis
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- ajctennis
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Not really true. Spacs that has announced deals but hadn’t gone though merger- they dipped but didnt seem like they went under NAV in March. Both NKLA and Dkng stayed above 10 during the crash so hypothetically if you are near NAV should be much safer.
Originally Posted By SolidPaul⏩
Absolutely incorrect. The whole market in March sold off. I was there. Nothing was immune from the sell off. It happened fast and circuit breakers were hit. Pull up any ticker except volatility and bear stocks and you'll see.
Also that's why you hedge your bets. You own a heavy position in SPY and concerned about a crash? Use puts and calls on volatility.
Also that's why you hedge your bets. You own a heavy position in SPY and concerned about a crash? Use puts and calls on volatility.
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