Oh wow

hopefully jnug acts just like this tomorrow

@Deleted User how many shares do you own?

Not in it right now

@Deleted User planning to buy I guess? You said you hope it increases tomorrow

yeah, plenty of room for profits from today

also $AMD

jnug hopefully gets out of this alltime low, so much room to grow

@Deleted User how did it go?

jnug was pretty unresponsive

made a nice 6.1% on $NIO though

ipo's can be wild

I wish I saw it in the morning

Chinese equivalent of Tesla

@ThisIsChris

@Deleted User nice congrats! I've never bought on IPO day, sounds fun. Closest situation to that I've done is around Earnings Reports.

I don't trust buying earnings reports, even with good news the thing still drops sometimes lol

haha I mostly trade options so Earnings reports are the most fun. You don't have to even bet up and down, but just betting on volatility instead

@Deleted User take the options pill

oosh, I'm too afraid for that right now

@Deleted User My pitch is that it can be safer than stocks. Say I had bought 100 shares of JNUG at the previous close of 7.58, and I also bought a Put option with a strike of 7.50. Then even though JNUG went down to 7.31 today, I have the *option* (literally, the Put option I bought) to sell those shares at the 7.50 strike price. So this was safer than the alternative of not having an option at all.

Yeah I'll have to school myself on options

@Deleted User This is a good intro course https://www.tastytrade.com/tt/shows/step-up-to-options/episodes

*tips fedora*

A crash course in stop limits

hmny is a tragedy, was looking at it earlier

@ThisIsChris Is this the channel to talk about personal finance?

I just moved into my own apartment and might need some budgeting tips

@Jacob yeah!

Okay great. I have a few questions.

For non-perishable items, is there any reason why I shouldn't just buy massive packages at a time and have it last me the whole year? Why keep going back to the store? There's some good deals on Amazon and I'm thinking I might just buy a few big packages of non-perishable stuff.

I've set a weekly food budget of $75. I haven't decided yet to set a budget for other items because (1) it's much easier to get carried away and spend too much money on food than it is on miscellaneous stuff like haircuts which I just kinda buy as necessary and (2) food needs are pretty consistent, but, for other stuff, I might not need to buy anything one week, while, another week, I might have to buy a lot because something broke / I have a mess to clean up / whatever. Is this fine?

Should I ignore the budget the first week I move in? There was nothing here when I got hear, so, naturally, my first week expenses are going to be a lot more than every week after. A lot of the food items I bought on my first day were either non-perishable or just stuff that lasts a while like spices, butter, oil, etc.

@Jacob on delivering the non-perishables, the only downside is the space they take up in your home. If you're having them delivered anyway then you can buy more as you need unless you're getting some bulk discount. That being said, even though I have very little space I've still found it worth it to stock up on non-perishables precisely like you suggest.

@Jacob as for your food budget I honestly wouldn't worry. I suggest getting a credit card and putting it all on that. Yeah I know that sounds scandalous but even if you spend triple that for this last year in college then being a tech worker in Washington you're going to have more than enough money to pay it all back within a few months even while paying rent and all that jazz. I know it sounds cavalier now but I've seen so many college students jump through stupid hoops to save money in college and then as soon as they get real paychecks they're like "wow, I don't know why I was killing myself during my 4 years of freedom in college when I could have just paid it back with my paycheck's leftovers in the first 3-9 months of a real job."

Yes debt is an issue for people but the only "real" debt from college is loans for tuition and board.

I’m strongly against debt. It feeds the jewish degradation of our society, it creates bad habits, and it robs initial savings from the beauty of compounding interest.

And do not buy ANYTHING with a time horizon of 1-year. You will have different experiences and opinions in 6 months, much less 1 year after living on your own for the first time. First, it ties up money in assets that don’t give a return. Second, they take up space. Third, you might not even like that same thing in 6 months or you’ll be sick of it.