OT: Stonks And Stock Market Performance
I remember every few months we had a recap during the boom time from March 2020 through a few months back.
I’m wondering how everyone is doing with their stocks, what you’re investing (or absolutely not investing) in, and what opportunities you’d like to share with the board!
Investing? Whatever I can bury in my backyard.
The back yard? Then where do you keep the bodies?
Under the garage.
Wrong answer! You bury them in the yard then plant endangered species of plants on top of them so it's illegal to dig them up.
You seem to know a lot about this subject...
I slide mine down a chute, where this wacked-out British woman makes them into meat pies.
It's a living.
My Stonks are killing. Crazy return from my Stonks.
Are they killing you?
Damnit. Now I have to call my broker and put everything into stonks. Whatever that is. Is that a new cryptocurrency?
I learned everything I know about stonks from this video:
This is all I need.
https://www.morningstar.com/funds/xnas/viiix/performance
And I'm glad I got out of Pork Bellies just in time.
Drop 'em right on the grill.
Damn you, Maizinator! I stopped eating pork a few years ago, but this photo is almost enough to make me fall off the wagon.
When it comes to pork, it's easy to fall off!!
But that dude's a champ!
You can tell by the boots.
I switched jobs and transferred my retirement to active fund managers. They invest alongside clients, same allocation, same stocks. Beaten SP slightly in the 1.5 years I’ve been with them. they’ve been overweight precious metals, energy, and foresaw switch to value a long time ago while everyone was elbow deep in every cloud based stock imaginable.
In my tiny personal account I play with, I picked up TTD amd SE as I believe they have very strong management and could be long term winners. That said, also down between 50-80% in my own personal account with many of my aforementioned cloud stocks.
Folks I follow are all in sync in saying next 10 years will be value rather than growth of past 10-15 years.
Active management that beat the index by 1.5% but charge 2% annual fees on AUM, sounds attractive…oh wait…
I'm investing in barrels.
A barrel of oil cannot sell for $115 per unless there is a barrel for the oil to be put into! That's my logic. Exxon and Saudi Aramco think they are so smart, but I'm going to show them.
:-)
And the real beauty is, that when oil gas back down to $50 per barrel, you will still need barrels.
May I say you'll have them over a barrel?
Also, bourbon needs a lot of barrels.
Preferably not the same ones.
Where's your sense of gastronomic adventure?
Yeah, forget bourbon barrel stout! I'm looking for a few vintage Iraqi barrels from the 1990s to age my stouts. Calling it So Damn Insane.
For fun, I bought some EMBK recently after the massive drop due to spac lockouts ending a few days back and the entire tech area getting ravaged simultaneously. At first I hoped for a nice bounce but decided to reassess in a month and see where I’m at.
Right now it’s down about 15% from where I bought in (with most of that drop in the past 2 days) so I’m not thrilled but I’m not fretting either.
I like their concept of long haul-only hub to hub automated trucking SaaS model, which removes a lot of the pain points automated driving faces with intricate city streets, but I’m not amazingly versed in their sector really - would be nice to see it recover a bit, but who knows.
Just checked for the first time in a while and my “play” account is down 30% as of today. One year ago it was plus 30%
I prefer not to look otherwise I might panic sell everything and then it will all go up per the usual.
I am curious on others thoughts about this topic though.
Yes.
Someone downvoted my "Yes" so let me elaborate.
BlueBlood's account was up 30% a year ago, and is down 30% now, He wants to look but doesn't because he might panic sell and he worries that then it would go up again, making him feel as if his timing is always wrong. He's curious about others' thoughts.
So —
• Yes, the markets have been hit by volatility, based both on variances in the underlying value of companies and the extremely unsettled times, beyond the purview of financial analysis.
• Yes, selling at the wrong time is always an option, and always risky.
• Yes, everyone has thoughts, and it's human nature to be curious about those thoughts.
• Yes, it often seems as if someone else sold or bought at a better time than we did, because there is always someone who sells or buys at a better time than us.
• And, yes, no one can see the future.
Buy low, sell high. Never fails
I thought it was buy high sell low
Damn my dyslexia!!!
My largest holding is DQ. It is an extremely fast growing, debt free polysilicon maker making money hand over fist (2nd largest poly producer globally). Extremely low PE, extremely high growth, making more than AAPL per share and increasing quarterly. THE PROBLEM!?!??! THey are chinese listed on the NYSE and this war (and trade war with China) and the tension with possible taiwan invasion is killing me!
My 2nd largest holding is ZIM. They are a shipper with a light weight model that is currently making more than any shipping company (they lease and have amazing long term contracts on their leases). Their EPS and dividends are off the chart. People that invested at IPO Jan 2021 have already made their investment back and then some and are riding free shares after 1 year. THey are projected to pay dividends over the next 2 years that will pay for the price of the stock at current market price. Amazing company in an industry that is blowing up right now.
Chinese companies have 3 sets of books, the real books, the books for investors, and the books for the party…
Nice!
Coming from the northeast, I have always liked Carvel better than DQ.
tastee freeze was my go to as a kid
Amen to that. Used to love the commercials with Tom Carvel talking like he had marbles in his mouth. But the BEST frozen custard ever.
Live the stress free life, no stonks. Or anything else for that matter.
Finally made “wife changing money”
Aka I lost so much money in the stock market that my wife left me!
Kidding, if you have a gambling problem get help plz
Not sure about stonks, but I'm all in on storks. Everything I've been reading lately suggests a major baby boom is on the horizon.
Yup a baby boom feels like it’s coming…Everyone I know is preggers or with someone who is preggers these days.
This post stonks.
I left everything in and will ride it out. I’ve been through this a few times and don’t panic.
Remember its not time to get back into a recovery market until its on the cover of Time magazine.
I sold all my NETFLIX last December. It just looked as if the pandemic was winding down and people would be getting back to work. I also parked my 401K in long term treasury bonds (not much growth but no losses). I hope when the recession occurs later this year it will not last too long. I have 6 years to go before retirement and hope to go out on a market high note.
Good for you getting lucky timing when to get out. But you'll have to repeat the same to get back in at the right time as well!
Check your 401k again.
Long term treasuries have taken a big hit. When interest rates go up, bond prices (esp long term) go down.
Put the wsj and a dart board. Throw a dart while blind folded. Put all moneys in that stonk. Remember, btfd. If that doesn’t work, btfd. And so on.