Actual info from an investor

I went to check something out on youtube and an ad started playing with Jeff Brown. I found myself actually interested in what he was saying and listened to the entire thing. The guy seemed credible. Any thoughts on him?

I’m not familiar with him. I don’t follow or listen to any investment celebs. They are selling something in some way. You don’t see any of the true top investors selling shit or giving info out. Most people have not and never will even know their names. They are making money actually investing, not talking about investing or selling stuff. The opportunity cost would be silly for them to use their time making videos or podcasts or selling books vs making money investing. People pay a fortune to eat lunch with Warren Buffet. He isn’t begging them to or selling them anything. Find a real independent financial advisor. There are search sites for it. You pay them for their time. If someone is giving advice for free like at a bank, you are the product.

Point taken. I feel like I should send you a check lol

Thx

I’m not selling anything, but the info is free so take it fwiw. :) I was just following threads and posts on wsb, biz, and here and seeing a lot of the same stuff (most of it bad advice at best and on purpose at worst) and wanted to try to do something to maybe help in a small way. I don’t care if people have money to throw at this for the FU aspect, that’s great, but I’m more about seeing everyone’s ship raising up when possible and this seemed like one of those times. I hope a whole new crop of people end up in investing and understanding the markets and their finances better after this. It isn’t being taught and so many have no clue.

I had a great professor that really changed my whole outlook and understanding of trading, and then I spent a number of years helping my employees actually understand how 401ks worked and how pre-tax deductions don’t affect their take home pay like post-tax, and how to maximize their savings. I also taught a bunch of college workers that all swore they could never afford a vacation somewhere awesome how their seemingly small daily expenses and subscriptions and cell phone bill extras all added up to far more than a trip anywhere in the world. I still get emails from some of them in cool places every year and that has been insanely rewarding to me. People aren’t dumb, they are just never taught this stuff in a relatable way or it is made to seem too complex. It really isn’t. You can get in the weeds with the really complex stuff, but the vast majority don’t want or need to.

Investing has changed. It is very much like a video game. Good company, good growth, volatility, check, no recent or possible offerings? Ok, we will play this one today.

I like long holds too, but I don’t have faith in any of them. Maybe a couple green companies but other than that the whole market is shaky.


It’s a day traders arena right now.

I'm retired have the time and money to throw into stocks.
I just don't have the balls to do it, I don't know a thing about it, so I'd most likely lose it all.

Thanks OP!
Genuinely appreciate the advice.
Just turned 24 but have invested in mutual funds since I opened my first bank account.

With houses being so outrageous in Canada - I think equities are the best option for building a nest egg for non-homeowners who have a good cashflow and self-restraint..

Considering how pathetic interest and bond rates are

My son got his first job at 16. McDonalds. Then Staples. In an IT cubical now.

He saved all his money except for paperback books and the the odd purchase, while his crowd of friends went to Bermuda, on cruises, to bars and restaurants and paintball and all the good life. He lived at home (paid us rent and food) and saved on the high apartment prices around here.

Married at 34, and they got a cute little house a few months before- 1400 sq feet- with a nice yard. He had $110,000 in the bank to put towards it. All his friends came to the wedding and they all said they wished they could buy a house and they were so sorry that they teased him all those years about his lifestyle and they were all in their 30s and broke. They work, they have jobs, but what a waste the "good life" turns out to be.

Worldliness is a black hole to suck away what really matters in so many ways.

Learn as much as you can about trading options. Open a small account with $7000 - a ROTH IRA. Now you can trade WITHOUT paying capital gains! Trade options in this Roth account. Small, low risk trades. You are going to want to sell cash secured puts on growth stocks. Sell a weekly put on a down day. On Friday you will either get assigned - in which case you sell a covered call immediately on Monday, or you sell another cash secured put on something else. DO NOT TRADE WITH MARGIN! Remember: You can only deposit $7k a year cash into this account by law. Watch it grow very quickly. Once you get to 100k is is VERY easy to make money. And once you get to 200k you will see your first million in a year if you are good and make smart trades.

I don't like how Robinhood handled the GameStop situation by selling off user shares without the permission of investors, and they were legally able to do so due to the TOS of their service. I used Robinhood to purchase some shares in a cannabis company last year before the election. Share prices have almost doubled since then.

I'm tempted to sell off those shares and close my Robinhood account, but I'm hearing other trading companies have similar rules, so I'm not sure what the best thing to do here is.

Is there a reputable stock trading service for small-time investors and day traders where you won't get raped by fees or by unauthorized sale of shares?

Your thoughts on Nok, Bought in kinda high but think I will hold has company seems like a sound play with 5g gig

I'm glad so many people are learning about and exploring the markets, but there is a lot more to investing than "diamond hands" and "HODL!!1!"

None of this is investment advice, just my personal opinion and approach to it all.

GME was an anomaly with 130-140% short float. This is not very common and allowed it to be skyrocketed "to the moon." They caught a hedge fund with their pants down. AMC and many of the others are nowhere near this level of shorting, which means they don't have same potential upside.

Holding to short squeeze is fine and an awesome way to stick it to the man, but it is all artificial and has just as much downside when unexpected things happen like government intervention (Which could come soon, even today). If you are willing to lose money to make a point, then HODL! If not, learn to read charts and understand the market.

Look at historical charts, such as the 1yr, 3yr, and 5yr highs and lows. Nothing fundamentally changed with these companies aside from the lulz, so expecting AMC to hit $50-100+ is not realistic. Their pre-covid price was around $6.50-7. Their 3yr high was only around $20. Their 5yr was $33-34.

Look for resistance. It was clear that the AMC resistance was around $15. It would struggle to climb much higher each time $15 was approached. This often means that is the highest point it will hit. You can never time dips and peaks perfectly. Resistance data is the best indicator you can use. I was able to buy at $8-9 and sell at $14-ish the first time, and then when news of opening up trading again came out when it had fallen back to $8-9 that was time to buy back in and ride it back to $15. That was almost 400% gains, but it required absolutely NOT HODLing and diamond hands. It required trading and understanding the data.

A great book to start to learn is The Bogglehead's Guide to Investing. It is skewed to starting with index funds, which is safe and conservative advice, but isn't going to bring in massive gains. It also doesn't involve massive risk. Things like cost-averaging are also great strategies. Rather than trying to perfectly time things, you buy on the way down in smaller chunks and sell on the way up in smaller chunks. Once you have recouped your initial investment or pulled out some profit, then the rest of the shares are play money and can be gambled with no risk.

In normal investing, "diamond hands" and non-emotional trading are key. Losses are only on paper until you actually sell. In meme investing, diamond hands are a surefire way to lose massive gains. I can't hope to cover everything in one post, but I'm happy to offer info and opinions to anyone that has any real questions. Limit orders, stops, market orders, etc. There is a lot to it and knowing more than what I see on various sites and forums being thrown around is really important if you are seriously trying to invest or make money.

Exactly.

Silver has been more overleveraged than GME was/is for more than a decade. I've been holding 100% profit silver for 15 years, I didn't even sell when it hit 50 because I'd already recovered my principal around 35...I've got a default exit strategy and willingness to adjust that based on a possible short squeeze on physical delivery. I could have bought a McMansion if I'd sold everything at 50, but at that price you'll have to pry the rest from my cold dead hands.

Before I ever sold anything my average price was around $12.50, now it's like negative a buck. Cost averaging has been a useful strategy for me, I could spend more time and trade more frequently but it's easy enough to hold my "free" stacks, trading can be stressful and time consuming, hodling is simple.

Gotta love the WSB diamond hands, but they don't even know the meaning of hodl, I've been hodling on silver since most of them were in diapers and one day I may witness the greatest short squeeze of all time as JPM redistributes their wealth to us silver tards.