holding WFC which sucks dick. it's been hovering at the bottom for a week now. i regret not buying MRO and XOM when i wanted to.
Oliver Robinson
Protip: I have more money than most of the people on /smg/ and I made it all going long leveraged ETFs. Suck it faggots
Elijah Allen
any ETF recommendations?
Parker Howard
I bought 8 shares of XOM at 41
Connor Turner
bro that is probably false
David Turner
oops
deleted my thread. I forgot to put /smg/
Luis Moore
Thank you for this ... I always do the opposite of what boomers say and they told me to sell my spxs .. i told them NO
Carson Young
>i feel like i'd rather just stick to trading the /ES tbhwy Yeah that's basically the idea. The only difference is if you want to do it like the leveraged ETFs, you just maintain a certain amount of constant leveraged and adjust everyday after the 4pm close. Say you want to mimic SPXL/UPRO so 3x leverage and the notional amount of an /ES contract is $141,450 (it is) then make sure each day at the 4pm cash chose that number times however many /ES contracts you have going is 3x the amount of cash you have in your account. If the price changes and you have more or less than 3x then sell or buy contracts as necessary to get back to the right multiple. :) It's true though
Been looking into utilities etfs recently dividend yield higher than s&p, but even without dividend reinvestment, cap gains are higher than holding the broader index betas of these etfs are around 0.45-0.55 this seems based for retirement prospects. Take on 2x leverage for the same risk but greater than 2x returns of the market
If SPY drops under 270 then a downtrend is mostly confirmed and you should be in cash or at least hedge. Wait for another uptrend confirmation with higher highs and higher lows to get back in to easy mode
They're basically government mandated monopolies so since they can just raise prices and consumers are forced to eat it they won't ever go bankrupt beyond that, a ton of local governments use them to secure funding for their programs so even if cashflow was an issue you know that shit would be bailed out fast a lot of the growth is due to investors seeking a safe alternative to the US treasury and with about a 3.5% div yield these are really attractive only problem is I can't see the downside risks to this deal which is a massive red flag to me
What about BIPC? Their entire strategy is to buy expensive, illiquid infrastructure assets in markets where there's no real competition, and treat them as annuities.
Asher Flores
anyone else hope for crabbing every day just to spite the gay bobos and mumus, both?
I hope for a massive tech collapse that takes most of the market with it but doesn't actually touch fundamentals so I can buy more RTX cheapies and finally get TSLA and AMZN for reasonable prices
It requires an even number of steps to reach square 4 and there are 15 remaining squares, therefore you cannot reach the exit covering all squares without revisiting any.
Jordan Hughes
oh yeah promising for sure but it's a little too young to compare with the tried and true utilities etfs we've had since the 90's imo
Evrope slowly reopening, virvs cvcked ovt once and for all - ITALY REOPENING, CZECHS BACK TO NORMAL! Once the VS gets over this fake virvs, ETERNAL BVLL SVRGE GVARANTEED! BVLL! BVLL! BVLL! 30K EOY!
Isaiah Miller
i'm all in HOG, shorts are going to get fucked. wish me re re luck
Aaron Myers
Late to the party bro, a big-brain user solved this shit last thread.
Ryder Butler
good post biz is guilty of that. leddit is even worse. wsb is a community of 1,000,000 redditors shrieking because "the market is wrong" every day. the market cant be wrong. its like saying the casino is wrong. if you're trying to make money using the market, you have to gamble using the market AS IS. you cant gamble based on the hypothetical perfect market. besides, if the hypothetical perfect market did exist, you couldnt get rich over night. it wouldnt be volatile enough. everyone would have to invest like Buffet and wait 10 years for your investments to show returns. no one wants that
Brayden Walker
that but unironically, the market is undervaluing RTX because they aren't properly considering future cash flows from Pratt and Collins once air travel resumes in ~2021
the Q1 earnings will be okay, the Q2 earnings will be kinda shit but still profitable, and by Q1/21 earnings will be 40-60% higher than Q2/20
Dominic Thompson
I don't see how tech collapses (unless by "collapse" you just mean a 10%-20% dip in share prices). If those companies really do start to see significant losses, everyone is going to be in for a rough decade.
nice good luck
Landon Evans
>good post Thanks, this makes the 5 mins spent in gimp worth it.
Luke Miller
Tech collapses if they ever need to actually make money.
>I don't see how tech collapses I don't think it actually will but I'm not touching tech right now because at any moment the market could realize triple digit P/Es are dumb
or hey, maybe it won't, and stonks will go up forever, who knows
As AI and virtual systems will probably get stronger after COVID, what do you think about BLK?
Chase Cook
if bulls are OOOOOOO and bears are AAAAAAAAAAAAAA, what are crabs? we already got the name of coco the crab. what sound to crabs make going sideways? MEHHHHHHH? HURRRRRRR? idk.
