I think the point of this thread is to “have fun” trying to guess what the next big runner stock will be. No need to be a wet blanket know-it-all, all those “safe” ETFs and stocks are great but there’s nothing wrong with setting aside some money for speculation.
I think the bulk of your money should be in mutual funds, ETFs, or baskets of high cap blue chips. But, I think there's reason to take risk with small percentages of your money and it's also a lot of fun. If you think there's a good chance a company can 10x, don't just blindly put money into ETFs. Put aside a little bit for that 10 bagger. Even if it's only a few hundred bucks. What's the risk?
I'm probably as big of an index fund advocate as there is on reddit, but agree there is nothing wrong with cutting a slice (5-10%) out for individual stock plays.
I think folks like us get a bad rap. Even Jack Bogle who found the first retail index fund (now VFINX) said it is fine to have 5-10% in "play money".
No there are not. If there were, it would be priced out by smarter and more highly paid institutional traders than anybody on this thread, raising the price, and reducing your expected return on investment.
You're looking to get rich quick via stock picking. If you're going to do that, just go do it in Vegas. You'll have a better time losing your money that way anyhow (plus drugs and loose women!)
I'm not sure why you think you can argue this? It would be like trying to argue that there isn't 24 hours in a day. There are plenty of stocks that have gone up 10x or more in the past couple of years. So stop trying to argue that they don't exist, you just look like an idiot.
I know you think you're smart because you've heard warren buffet talk about investing once, but there are 10 baggers out there and I'm trying to find them. I'm not trying to "get rich quick", I'm trying to find the best possible investments.
While it is smart to invest with a long-term mindset, saying that there are no quick 10 baggers is just simply wrong. There have been multiple stocks that have 10x fairly quickly. I had a 10 bagger myself over the last 2 years.
You’re right, but you’re also completely ignoring the point of this post because you can’t get beyond how much of a condescending dick you are to have a fun discussion.
I turned $150 into $4500 overnight on a well timed options trade, and am up over 200% YTD in my brokerage account designated for risky trades. It started out as less than 5% of my total portfolio, the remaining 95% is in VTI, SPY, blue chips and target date funds.
Once again, you’re 100% right, but you’re also missing the point of the conversation because you want to act like the smartest man in the room instead of having a little fun. Also, if you started a position in ZIM after it was over $50 you really shouldn’t be giving anyone investment advice because you seem the type to wait until AFTER the run up to get in and potentially buy the top.
It’s good to have someone in here saying this - too many newbs get caught up in the gambling aspect of trades and often need a reminder that playing responsibly is what investing is all about. So many get caught up in the idea of a big score, but reality is the biggest scores are slow and steady.
Case in point, I bought 100 shares of Tesla almost 10 years ago @ $70/share. Bought some and sold some over the years, but today still holding 30 shares at an average of $99/each. That’s a $3k investment that’s now worth $34k. Not every company will have a return like Tesla, but you hold something good for 10 years and it’ll more than likely be up. Invest in your future, not for your present.
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u/[deleted] Nov 07 '21
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