Message from Zyzz in MacGuyver - Skills & Academics #noncrypto-investing
If the market finishes the day up I believe it will be 9/10 trading days the market has gone up
Of the last trading days *
I’m up 7% in my SSO position which is WAYYY more than what I was expecting at this point in time. I am thinking if it keeps ripping like this I will lighten up on my position if it gets to the point where I am up 10%
I am also thinking of completely selling out by May along the old adage “sell in May and go away”
@ThisIsChris yeah thats the 2x S&P index fund i posted about at the end of Dec.
ohh right. Good job man, you were right you called it!
^that is an interesting article. Energy stocks have not done well since oil fell in 2014/2015 i believe
the pitch is essentially a swing back to commodities based on dollar weakness
to anyone who may not be aware, commodities are denominated in dollars. All else equal, if the dollar weakens, commodities increase in price
i am assuming they are betting the dollar to weaken on the following: 1) larger debt/deficit and 2) higher expected inflation
@Zyzz That's interesting. I traded stocks and options a lot on USO from early January to early July in 2015. It is an ETF that trades OIL futures.
Paper by Standard and Poor’s about QE and Bank Reserves I found interesting. Academic, not investment advice
OMG the blood across the board. Oh the humanity!
Does anyone have a good review sheet for the Series 66? :)
@SamanthaM no I don't but are you taking it? That would be very cool, my dad wound up taking it, it wasn't his job but trading has always been a passion of his
Anyone here have thoughts on XLK vs SPY?? Right now I have SPY buy I'm thinking of selling it all and getting XLK instead. They move pretty similar except XLK goes up more
@ThisIsChris I dont have a firm convictions on Tech one way or the other. Generally speaking it is a good sector to get into as I think productivity gains in the economy (something we really havent had much of since pre-recession) are long overdue and lower amounts of immigrants (esp. in low skill occupations) will drive that. Sectors I think will do well are financials, industrials, and energy amongst others
@ThisIsChris I'm taking it on Friday. Feeling ok about it because it's mainly the same info as the 7. Stuck on requirements for registration and termination. Was your father a day trader?
@SamanthaM No, and now that I think of it he may have just taken the 7, I don't remember. It was something he did about 15 years ago just because he's been passionate about the stock market, but he was a school teacher. Idk if it's weird to not be a professional trader and be active in the stock market, but I remember sitting on his knee as a kid and he'd show me the charts and stuff on Ameritrade or something at the time. Ameritrade, TD, not sure now
He's actually retired now and does a little currency trading for a few hours in the morning
@Zyzz >I dont have a firm convictions on Tech one way or the other. Generally speaking it is a good sector to get into as I think productivity gains in the economy are long overdue and lower amounts of immigrants
Also, tech is the least regulated sector by far.
The equity market P/E ratio keeps climbing higher and higher
NVDA hit 230 today. I was reading a bunch of analyst reports on NVDA, the highest prediction I read was 230. I'll have to go back and see if the reasoning looked sound or if it was just dumb luck
@here just a generic and friendly reminder to not risk money you can't lose. Also that no one here has a crystal ball and unforseen risks can arise.
What banks don't echo?
lehman brothers used to be known as the catholic investment bank
Wells Fargo looks safe
@Rogue#0890 join a credit union that’s part of the co-op network
I do all of my banking online with Fidelity Investments.
Their debit card waives all ATM fees
And I use AmEx BlueBird if I ever need to do cash deposit (rarely)
Fidelity was founded by Edward Johnson and still maintained by the family.
Amazon's Intrinsic Value https://seekingalpha.com/article/4138353?source=ansh $AMZN