Message from Zyzz in MacGuyver - Skills & Academics #noncrypto-investing


2018-01-12 16:25:27 UTC  

If the market finishes the day up I believe it will be 9/10 trading days the market has gone up

2018-01-12 16:25:53 UTC  

Of the last trading days *

2018-01-12 20:17:49 UTC  

@Zyzz looks like we're gonna make it

2018-01-12 21:21:22 UTC  

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%

2018-01-12 21:22:11 UTC  

I am also thinking of completely selling out by May along the old adage “sell in May and go away”

2018-01-13 00:30:26 UTC  

@Zyzz SSO position?

2018-01-13 00:34:07 UTC  

@ThisIsChris yeah thats the 2x S&P index fund i posted about at the end of Dec.

2018-01-13 00:34:26 UTC  

ohh right. Good job man, you were right you called it!

2018-01-14 18:53:53 UTC  

^that is an interesting article. Energy stocks have not done well since oil fell in 2014/2015 i believe

2018-01-14 18:54:16 UTC  

the pitch is essentially a swing back to commodities based on dollar weakness

2018-01-14 18:55:23 UTC  

to anyone who may not be aware, commodities are denominated in dollars. All else equal, if the dollar weakens, commodities increase in price

2018-01-14 18:56:48 UTC  

i am assuming they are betting the dollar to weaken on the following: 1) larger debt/deficit and 2) higher expected inflation

2018-01-14 19:46:31 UTC  

@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.

2018-01-14 23:16:20 UTC  

https://www.kreditopferhilfe.net/docs/S_and_P__Repeat_After_Me_8_14_13.pdf
Paper by Standard and Poor’s about QE and Bank Reserves I found interesting. Academic, not investment advice

2018-01-16 21:16:36 UTC  

OMG the blood across the board. Oh the humanity!

2018-01-17 01:22:33 UTC  

Does anyone have a good review sheet for the Series 66? :)

2018-01-17 04:55:37 UTC  

@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

2018-01-17 05:59:51 UTC  

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

https://cdn.discordapp.com/attachments/352760194775777282/403065866251534336/Screenshot_20180117-005931.png

2018-01-17 06:00:01 UTC  
2018-01-17 13:10:13 UTC  

@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

2018-01-17 15:57:38 UTC  

@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?

2018-01-17 19:55:45 UTC  

@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

2018-01-17 19:56:12 UTC  

He's actually retired now and does a little currency trading for a few hours in the morning

2018-01-18 00:39:26 UTC  

@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.

2018-01-18 00:40:10 UTC  

The equity market P/E ratio keeps climbing higher and higher

https://cdn.discordapp.com/attachments/352760194775777282/403347803176435714/unknown.png

2018-01-19 17:46:08 UTC  

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

2018-01-19 19:06:23 UTC  

@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.

2018-01-19 23:10:51 UTC  

What banks don't echo?

2018-01-19 23:11:09 UTC  

lehman brothers used to be known as the catholic investment bank

2018-01-19 23:15:25 UTC  

Wells Fargo looks safe

2018-01-20 00:09:07 UTC  

@Zyzz are you sure you aren’t talking about Merrill Lynch

2018-01-20 00:09:38 UTC  

@Rogue#0890 join a credit union that’s part of the co-op network

2018-01-20 00:09:44 UTC  

@Rogue#0890

2018-01-20 01:56:35 UTC  

@Deleted User I could be mistaken but I do believe it was Lehman

2018-01-20 02:33:25 UTC  

I do all of my banking online with Fidelity Investments.

2018-01-20 02:33:39 UTC  

Their debit card waives all ATM fees

2018-01-20 02:34:14 UTC  

And I use AmEx BlueBird if I ever need to do cash deposit (rarely)

2018-01-20 02:36:00 UTC  

Fidelity was founded by Edward Johnson and still maintained by the family.

2018-01-20 05:37:46 UTC