Been explaining it for near 2 decades, and all you experts on character role playing forget one thing, life doesn't exceed balancing in the moment here.
The vast majority of people who make phenomenal returns (like RoaringKitty - the guy behind GameStop’s run in 2020/2021) won’t waste their time charging people a subscription. They just do what they believe will return 10x, 100x, or even 1000x their money.Vegas » 30 Aug 2024, 9:06 am » wrote: ↑ I read a lot of how so called 'expert investors' invest. I monitor their stock suggestions. I have followed their advice, because they are supposed to be experts. Of all the stocks that I invested from their advice, the total amount of positive returns has been $0.00. Their stocks are ****. Why do they incessantly recommend companies that don't profit? **** these guys.
I do well in crypto. However, I like to dip into the public companies as well.
If you know of any good stocks that are worth a ****, please let me know. Not so much the S & P. The little guys are worth monitoring also.
JuCo 5 percenter...72
“Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA
"Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom ROG62 » 31 Aug 2024, 6:42 am » wrote: ↑ It's why it's called gambling...
markets are the ultimate allure of 20/20 hindsight... full of the "if only's"...
I did the "steady Eddie" thingy...you know, the boring ****...yet here I am, a "7 percenter"...go figure, a layman...
Your mind doesn't compute inversion conversion scenarios very well. See A finite time of a universe with infinite possibilities isn't definitely existing As defined by speculating what else is possible tomorrow.Deezer Shoove » 31 Aug 2024, 7:21 am » wrote: ↑ I don't have the patience or the basic interest to stay current. The sea of choices has a high flier that I'll only see after it's flown. My price for being this way is paying a financial advisor to get me solvent. It's working.
Will I be a rich, enviable ****? Nope. That's life.
Comfortable? For now. Sanity and health are more important than anything else.
“Money is bad, unless you have it.”DeezerShoove » 31 Aug 2024, 7:21 am » wrote: ↑ I don't have the patience or the basic interest to stay current. The sea of choices has a high flier that I'll only see after it's flown. My price for being this way is paying a financial advisor to get me solvent. It's working.
Will I be a rich, enviable ****? Nope. That's life.
Comfortable? For now. Sanity and health are more important than anything else.
Denying why oneself is self evidently alive is a bad thing to do.,LowIQTrash » 31 Aug 2024, 7:50 am » wrote: ↑ “Money is bad, unless you have it.”
An addendum…
”Nobody is going to tell you the secret to ‘getting rich.’ Most definitely not someone charging you a subscription fee.”
A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.Feb 25, 2024LowIQTrash » 31 Aug 2024, 7:50 am » wrote: ↑ “Money is bad, unless you have it.”
An addendum…
”Nobody is going to tell you the secret to ‘getting rich.’ Most definitely not someone charging you a subscription fee.”
Here is the trick those in charge use against people daily. I retired at 51 with a $460+ 401K. By 2008 it was upto to $600k and I was getting 5% as a retirement at the same time, when the housing market crashed dropping my 401k 50%. it grew back to about $450k by 2019. Since covid, the principle is under 200k.Majik » 31 Aug 2024, 8:22 am » wrote: ↑ A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.Feb 25, 2024
Which is not a very good return considering all of the other things you can do to make $1000/month safely without having to fork out $300,000 and sit on it while constantly rolling the dice. ...
The truth of the matter is that most very successful investors are dealing in multimillions of dollars in stock transactions.
and can afford to lose a few million on a whim.
while 65-89% of non millionaire investors lose their shirts with-in the first 5 years of investing .......
$250K is the new 6 figs. By 2030 it will be $350K.Majik » 31 Aug 2024, 8:22 am » wrote: ↑ A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.Feb 25, 2024
Which is not a very good return considering all of the other things you can do to make $1000/month safely without having to fork out $300,000 and sit on it while constantly rolling the dice. ...
The truth of the matter is that most very successful investors are dealing in multimillions of dollars in stock transactions.
and can afford to lose a few million on a whim.
while 65-89% of non millionaire investors lose their shirts with-in the first 5 years of investing .......
You always ignore the consequences of bond and market "corrections" directly deplete the value in the plans as these Corrections" given different excuses every time still cut the values by 30% - 50% in events like enron, housing market, Covid, bitcoin.LowIQTrash » 31 Aug 2024, 8:48 am » wrote: ↑ $250K is the new 6 figs. By 2030 it will be $350K.
$5M is the new millionaire. By 2030 it will be $7M.
Compound growth works best with large numbers…not particularly optimal with low #s
Correct.....LowIQTrash » 31 Aug 2024, 8:48 am » wrote: ↑ $250K is the new 6 figs. By 2030 it will be $350K.
$5M is the new millionaire. By 2030 it will be $7M.
Compound growth works best with large numbers…not particularly optimal with low #s
If I invested in stocks (as I have said before)
Wasn't that Game Stop gig orchestrated by numerous of people who deliberately pushed the stock up?LowIQTrash » 31 Aug 2024, 12:19 am » wrote: ↑ The vast majority of people who make phenomenal returns (like RoaringKitty - the guy behind GameStop’s run in 2020/2021) won’t waste their time charging people a subscription. They just do what they believe will return 10x, 100x, or even 1000x their money.
Companies that have negative profit tend to go up exponentially since they are more likely to attract the FOMO crowd. Stocks that are considered “safe and boring” like Berkshire and Walmart will never match those returns.
Nobody has a crystal ball, if I had known UVXY would have skyrocketed from $24 to $65+ in one day and my call options would have gained 3500% I would have gone all in and become rich overnight. Trusting others to give you advice on what stock to buy is just asking for misery.
DeezerShoove » 31 Aug 2024, 7:21 am » wrote: ↑
Comfortable? For now. Sanity and health are more important than anything else.
31stArrival » 31 Aug 2024, 8:45 am » wrote: ↑ Here is the trick those in charge use against people daily. I retired at 51 with a $460+ 401K. By 2008 it was upto to $600k and I was getting 5% as a retirement at the same time, when the housing market crashed dropping my 401k 50%. it grew back to about $450k by 2019. Since covid, the principle is under 200k.
Every cycle destroys the principle(planned obsolescence) then economic theory works as plausible deniability there was organized corruption at the core by reasonable doubt life isn't self evident evolving forward now.
rule of 72.
Humanity embezzles time evolving from ancestral lineages saving humanity, daily. this is why I stick to the basics of adapt or become extinct environment each is uniquely adapting forward since day conceived.
It was a raid on short sellers that began with the r/wsb community. By the time it became mainstream people from all over the world piled on and pushed it to $300+Vegas » 31 Aug 2024, 10:51 am » wrote: ↑ Wasn't that Game Stop gig orchestrated by numerous of people who deliberately pushed the stock up?
money means nothing without it...DeezerShoove » 31 Aug 2024, 7:21 am » wrote: ↑ I don't have the patience or the basic interest to stay current. The sea of choices has a high flier that I'll only see after it's flown. My price for being this way is paying a financial advisor to get me solvent. It's working.
Will I be a rich, enviable ****? Nope. That's life.
Comfortable? For now. Sanity and health are more important than anything else.
JuCo 5 percenter...72
“Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA
"Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom