Dottleshead ★ Posted March 21 Share #1 Posted March 21 It's hard to understand the value of a stock. I mean I know there are things to measure it like P/E and such but that's not what I'm talking about. So far in the month of March, my monthly portfolio has doubled and nearly tripled my pretax income pay for my job -- and there's another 10 days it could go even higher. Of course it could go lower or crash too. But it's a weird thing to know I make more money just sitting here typing on this keyboard than I do actually going to work. Just today I made a quarter of my monthly income from the job. I guess it pays to post on SWC. 4 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted March 21 Share #2 Posted March 21 2 minutes ago, Dottleshead said: It's hard to understand the value of a stock. I mean I know there are things to measure it like P/E and such but that's not what I'm talking about. So far in the month of March, my portfolio has doubled and nearly tripled my pretax income pay for my job -- and there's another 10 days it could go even higher. Of course it could go lower or crash too. But it's a weird thing to know I make more money just sitting here typing in this keyboard than I do actually going to work. Just today I made a quarter of my monthly income from the job. I guess it pay to post on SW. The economy sucks, Dottles. Get over it. 2 Link to comment Share on other sites More sharing options...
ChrisL Posted March 21 Share #3 Posted March 21 Just now, Dottleshead said: It's hard to understand the value of a stock. I mean I know there are things to measure it like P/E and such but that's not what I'm talking about. So far in the month of March, my portfolio has doubled and nearly tripled my pretax income pay for my job -- and there's another 10 days it could go even higher. Of course it could go lower or crash too. But it's a weird thing to know I make more money just sitting here typing in this keyboard than I do actually going to work. Just today I made a quarter of my monthly income from the job. I guess it pay to post on SW. My FIL keeps a running total on his portfolio for my wife as it will eventually be hers. He’s currently earning about $250 a day which he refers to as the tooth fairy delivery. Of course it’s paid out quarterly but he just reinvests the dividends into more stocks. Our 401k and IRA’s are finally taking off again. They were in the dumps for a while. We are currently looking good for me to retire at 65 on our investments alone, but should we inherit FIL portfolio intact (no legal actions from her brothers) I’ll likely pull the ripcord earlier. 2 1 Link to comment Share on other sites More sharing options...
shootingstar Posted March 21 Share #4 Posted March 21 28 minutes ago, Dottleshead said: It's hard to understand the value of a stock. I mean I know there are things to measure it like P/E and such but that's not what I'm talking about. So far in the month of March, my portfolio has doubled and nearly tripled my pretax income pay for my job -- and there's another 10 days it could go even higher. Of course it could go lower or crash too. But it's a weird thing to know I make more money just sitting here typing in this keyboard than I do actually going to work. Just today I made a quarter of my monthly income from the job. I guess it pay to post on SW. I have a strange situation where I have restructure stuff to reduce tax in future years. Problem is, in past 2 months, when I think I've reduced the problem by moving amounts to another account (with some penalty), but then stuff keeps growing. It's like a bull that can't stop jumping up. So it's like moving around a herd of hairy kids. Well that's fine. But one day I will have to cut a kid's hair real short, not just move this kid to another house. Or boot the kid out the house: We've made use of you. So go somewhere else in the galaxy. Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted March 21 Share #5 Posted March 21 19 minutes ago, Dottleshead said: But it's a weird thing to know I make more money just sitting here typing in this keyboard than I do actually going to work. Don’t you type on a keyboard as your work? Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 21 Author Share #6 Posted March 21 1 minute ago, Prophet Zacharia said: Don’t you type on a keyboard as your work? I do sir. But this is a different keyboard! I use my chromebook to post the good stuff. 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 21 Author Share #7 Posted March 21 17 minutes ago, shootingstar said: I have a strange situation where I have restructure stuff to reduce tax in future years. Problem is, in past 2 months, when I think I've reduced the problem by moving amounts to another account (with some penalty), but then stuff keeps growing. It's like a bull that can't stop jumping up. So it's like moving around a herd of hairy kids. Well that's fine. But one day I will have to cut a kid's hair real short, not just move this kid to another house. Or boot the kid out the house: We've made use of you. So go somewhere else in the galaxy. Star, have you spent a lot of time hanging out with Yeti in the Himalayas? 1 Link to comment Share on other sites More sharing options...
shootingstar Posted March 21 Share #8 Posted March 21 42 minutes ago, Dottleshead said: Star, have you spent a lot of time hanging out with Yeti in the Himalayas? That sounds like a good place to escape ...temporarily. Link to comment Share on other sites More sharing options...
Mr. Silly Posted March 21 Share #9 Posted March 21 57 minutes ago, Dottleshead said: it's a weird thing to know I make more money just sitting here typing on this keyboard than I do actually going to work. I think I first noticed that about 5 years after I first started my first 401K. It may have needed a daily gain of 1% or 1.5%, but I could see how much I made that day and compared it to what I earned from work that day. It was an eye opener. 1 Link to comment Share on other sites More sharing options...
BuffJim Posted March 21 Share #10 Posted March 21 My company stock has tripled since our merger with another company about 5 years ago. My 401(k) likes this. Link to comment Share on other sites More sharing options...
dinneR ★ Posted March 21 Share #11 Posted March 21 1 hour ago, Dottleshead said: It's hard to understand the value of a stock. I mean I know there are things to measure it like P/E and such but that's not what I'm talking about. So far in the month of March, my monthly portfolio has doubled and nearly tripled my pretax income pay for my job -- and there's another 10 days it could go even higher. Of course it could go lower or crash too. But it's a weird thing to know I make more money just sitting here typing on this keyboard than I do actually going to work. Just today I made a quarter of my monthly income from the job. I guess it pays to post on SWC. I thought you said we were heading for a recession and the world was going down the toilet. Which is it? 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 21 Author Share #12 Posted March 21 4 minutes ago, dinneR said: I thought you said we were heading for a recession and the world was going down the toilet. Which is it? Probably somewhere in between?? Depression is a killer. 1 Link to comment Share on other sites More sharing options...
12string Posted March 21 Share #13 Posted March 21 I've crushed it recently. Put $10K into a stock in October, ,let it run, put in a stop loss that hit. Once it bottomed, I did it again. When that stop loss hit, I had $21K, put it in a REIT. Not only is that up over $1K in a week, they just announced a quarterly dividend that will net me $1250. In total my portfolio is up since October, by about my annual salary. 1 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 21 Share #14 Posted March 21 2 hours ago, Dottleshead said: It's hard to understand the value of a stock. I mean I know there are things to measure it like P/E and such but that's not what I'm talking about. So far in the month of March, my monthly portfolio has doubled and nearly tripled my pretax income pay for my job -- and there's another 10 days it could go even higher. Of course it could go lower or crash too. But it's a weird thing to know I make more money just sitting here typing on this keyboard than I do actually going to work. Just today I made a quarter of my monthly income from the job. I guess it pays to post on SWC. The stock market isn't really that difficult. Do you understand how Blackjack works? 1 Link to comment Share on other sites More sharing options...
12string Posted March 21 Share #15 Posted March 21 35 minutes ago, maddmaxx said: The stock market isn't really that difficult. Do you understand how Blackjack works? People like to call the stock market gambling. That analogy only works if the dealer lets you see all the cards in his hand, and most of the cards in the deck. But if you don't do the proper research, yeah, it's like blackjack, but blindfolded and listening top the guy next to you get excited about his cards Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 22 Author Share #16 Posted March 22 3 hours ago, maddmaxx said: The stock market isn't really that difficult. Do you understand how Blackjack works? Yeah I play the odds there and lose my ass. 😀 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 22 Author Share #17 Posted March 22 Economy = stock market? Link to comment Share on other sites More sharing options...
Kzoo Posted March 22 Share #18 Posted March 22 27 minutes ago, Dottleshead said: Economy = stock market? No 1 1 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 22 Share #19 Posted March 22 55 minutes ago, Dottleshead said: Yeah I play the odds there and lose my ass. 😀 Bet 5. If you lose double the next bet 10 If you lose double the next bet 20 If you lose double the next bet 40 etc. The first winning hand will be all you lost plus 5 Put everything back in your pocket and bet 5 See how this works. If you are really bad and lose too many times you may hit the table stakes and or the casino man run you out of town. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted March 22 Share #20 Posted March 22 11 hours ago, Dottleshead said: Economy = stock market? "=" - obviously no as the economy - local, national, world - is so much greater than just the stock market. The stock market clearly tries to - through human input & bias - look at the past, present, and future economy as a WHOLE and each listed stock looks very specifically to their past, present, and future. It can be a trailing indicator or one showing optimism of times ahead, but as a snapshot of "now", it's just one of the many tools & metrics for measuring an economy. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 22 Share #21 Posted March 22 13 minutes ago, Razors Edge said: "=" - obviously no as the economy - local, national, world - is so much greater than just the stock market. The stock market clearly tries to - through human input & bias - look at the past, present, and future economy as a WHOLE and each listed stock looks very specifically to their past, present, and future. It can be a trailing indicator or one showing optimism of times ahead, but as a snapshot of "now", it's just one of the many tools & metrics for measuring an economy. The dealer is showing 10 so I believe I'm going to get a 6 on my 15 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted March 22 Share #22 Posted March 22 31 minutes ago, maddmaxx said: The dealer is showing 10 so I believe I'm going to get a 6 on my 15 If gambling/Vegas = the stock market, all folks would FLOCK to gamble as simple sitting at the table would reap massive rewards over time. MASSIVE rewards. As Vegas was built on JUST THE OPPOSITE - ie the house always wins - it sort of tells you the two are distinctly different. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 22 Share #23 Posted March 22 4 minutes ago, Razors Edge said: If gambling/Vegas = the stock market, all folks would FLOCK to gamble as simple sitting at the table would reap massive rewards over time. MASSIVE rewards. As Vegas was built on JUST THE OPPOSITE - ie the house always wins - it sort of tells you the two are distinctly different. Investment brokers win. 1 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted March 22 Share #24 Posted March 22 3 minutes ago, maddmaxx said: Investment brokers win. Sure. But times must have changed since you were paying attention. Maybe @MickinMD can explain how "normal" folks make money these days in the stock market. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 22 Share #25 Posted March 22 2 minutes ago, Razors Edge said: Sure. But times must have changed since you were paying attention. Maybe @MickinMD can explain how "normal" folks make money these days in the stock market. By buying short? Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 22 Share #26 Posted March 22 How is it that the stock market can suddenly drop 1000 points in a single day. Do those companies become that much less valuable overnight? Link to comment Share on other sites More sharing options...
Kzoo Posted March 22 Share #27 Posted March 22 22 minutes ago, maddmaxx said: How is it that the stock market can suddenly drop 1000 points in a single day. Do those companies become that much less valuable overnight? yes 2 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 22 Share #28 Posted March 22 19 minutes ago, Kzoo said: yes That's what the short sellers tell you after they made some big bucks and want you to invest more to bring the price back up so they can rinse and repeat. Link to comment Share on other sites More sharing options...
Kzoo Posted March 22 Share #29 Posted March 22 2 minutes ago, maddmaxx said: That's what the short sellers tell you after they made some big bucks and want you to invest more to bring the price back up so they can rinse and repeat. < redacted > You are right. You have a more rational understanding of the driving factors in the stock market than the average investor. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted March 22 Share #30 Posted March 22 25 minutes ago, maddmaxx said: That's what the short sellers tell you after they made some big bucks and want you to invest more to bring the price back up so they can rinse and repeat. Some people are dumb enough to fall for that. Not all. Some just make their money and it's bye-bye to the stock. I probably have only bought back a stock a few yrs. later for only 1 company. Then I wondered why I bought back --with such mediocore performance. Stock market for me is that: have a good time. Then out the door baby, forever. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted March 22 Share #31 Posted March 22 9 minutes ago, shootingstar said: Stock market for me is that: have a good time. Then out the door baby, forever. "Forever' meaning after you are dead? Or you switch to just things like bonds or cash at some point and live within those limits? Link to comment Share on other sites More sharing options...
shootingstar Posted March 22 Share #32 Posted March 22 27 minutes ago, Razors Edge said: "Forever' meaning after you are dead? Or you switch to just things like bonds or cash at some point and live within those limits? I am trying to invest carefully. Over time, I will move a greater % to 2-3 existing ETFs.... the reality of later decades in life in order to lower investment volatility. However, you should see some folks in retirement: some continue to play around with different stocks, even crypto, bitcoin. They really find finance/stock market as their hobby and micro extended online discussions about inflation, etc. Why even talk for so long about certain big trends, completely out of one's control? There are areas I completely avoid as outright stocks: residential REITs, nursing homes, cannabis, crypto, bitcoin. Of course in ETF that might be impossible avoid some. I think I will always have handful of stocks..just a smaller number of firms. Link to comment Share on other sites More sharing options...
12string Posted March 22 Share #33 Posted March 22 2 hours ago, maddmaxx said: How is it that the stock market can suddenly drop 1000 points in a single day. Do those companies become that much less valuable overnight? The stock market is not just what companies are worth at any moment. It's also about what they will be worth, and that's generally a short term metric. something changes in the economy, expectations are that the company will have some cash problems, Shareholders decide to take their profits and wait it out, it's a seller's market, prices go down. Enough of those, the market starts to drop, emotion kicks in, people sell, lather, rinse repeat. Institutional investors don't create or control this. They simply buy and sell on actual data. not emotions. So they buy all this cheap stock. When it goes back up - as it always does - they take their profits. See above. The game isn't rigged. The problem is, some people treat it like a game. Professionals don't, so they win. Same with shorting. shorting has zero effect on share prices (unless you get emotional). It's simply being smart enough to see headwinds coming, and investing on the determination that a price is going to go down. 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 22 Author Share #34 Posted March 22 The stock market is trippy! I just lost half a month's pay sitting here wailing away on my keyboard whilst posting to SWC. I guess I better work and earn a living the old fashioned way. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted March 22 Share #35 Posted March 22 22 minutes ago, Dottleshead said: The stock market is trippy! I just lost half a month's pay sitting her wailing away on my keyboard whilst posting to SWC. I guess I better work and earn a living the old fashioned way. You must have 1-2 hot company stocks. I do also and it's causing inflating and deflating balloons in certain areas.n Just ride it, cowboy! But only little yahoo jumps. Link to comment Share on other sites More sharing options...
12string Posted March 22 Share #36 Posted March 22 14 minutes ago, Dottleshead said: The stock market is trippy! I just lost half a month's pay sitting here wailing away on my keyboard whilst posting to SWC. I guess I better work and earn a living the old fashioned way. yup, a little correction after yesterday's big hit. Fully expected. I was actually hoping one stock would correct further so I can buy on the dip again. Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 22 Author Share #37 Posted March 22 2 minutes ago, 12string said: yup, a little correction after yesterday's big hit. Fully expected. I was actually hoping one stock would correct further so I can buy on the dip again. The moral to my story is I just like posting on SWC regardless of how the NYSE is performing. There. I came out and said it. 2 1 1 Link to comment Share on other sites More sharing options...
Kzoo Posted March 22 Share #38 Posted March 22 58 minutes ago, Dottleshead said: The moral to my story is........ Get back to work. Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 22 Author Share #39 Posted March 22 Just now, Kzoo said: Get back to work. No truer words have been spoken. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted March 22 Share #40 Posted March 22 15 minutes ago, Kzoo said: Get back to work... ...on your resume! 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted March 22 Author Share #41 Posted March 22 Anybody else (owners of Apple iphones) notice when the market does well that Apple stock sinks or that when the market takes a hit Apple stock bounces? What gives?? Link to comment Share on other sites More sharing options...
Kzoo Posted March 22 Share #42 Posted March 22 45 minutes ago, Dottleshead said: Anybody else (owners of Apple iphones) notice when the market does well that Apple stock sinks or that when the market takes a hit Apple stock bounces? What gives?? Bell weather Link to comment Share on other sites More sharing options...
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