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re: Your YOLO portfolio?
Posted on 7/21/23 at 9:50 pm to jimjackandjose
Posted on 7/21/23 at 9:50 pm to jimjackandjose
quote:
Do not buy tqqq or sqqq for long term holds. They aren’t designed for that
Yes, it’s been discussed ad nauseam on this board about volatility drag but that’s under a scenario where someone is actually concerned with volatility.
0
Posted on 7/21/23 at 10:02 pm to TigerHornII
INVESt in:
HKRS
YAYO
HKRS
YAYO
Posted on 7/22/23 at 7:00 am to TigerHornII
NLST
Posted on 7/22/23 at 7:06 am to BuckyCheese
I rode TELL up 250%.
I’m back down to earth now, though. Could happen again
I’m back down to earth now, though. Could happen again
Posted on 7/22/23 at 7:11 am to TigerHornII
quote:
He has nearly $100k in his 529 in things like that. This is his "Buy a hot car after the Navy to drive to college" fund. It either goes, or he drives whatever old car he has then. Something like VSTAX wouldn't even be over $3k by then
Again, he needs to learn at an early age that investing isn't supposed to be "fun." It should be very boring.
I understand that's not the point of your thread, but him potentially hitting it big on a single stock is only going to encourage bad investing habits later with much more money on the line.
Posted on 7/22/23 at 9:22 am to GEAUXT
quote:buncha damn puckered arse vanilla sticks up in this damn thread
Again, he needs to learn at an early age that investing isn't supposed to be "fun." It should be very boring.
I understand that's not the point of your thread, but him potentially hitting it big on a single stock is only going to encourage bad investing habits later with much more money on the line.
Posted on 7/22/23 at 9:31 am to TigerHornII
quote:
Dad, I'm 18, $2k now doesn't matter." He wants to spread it across lotto tickets in the stock market.
Are you hoping he learns that is the best way to make sure he loses it all?
Because without some guidance a lot of people try this method and then lose all their money. Then they spend their whole life not investing because the "system" is rigged against them.
Look at any crypto bro, that is their usual mantra. Only to lose it all again .
This post was edited on 7/22/23 at 9:34 am
Posted on 7/22/23 at 10:59 am to UltimaParadox
quote:
Are you hoping he learns that is the best way to make sure he loses it all?
Because without some guidance a lot of people try this method and then lose all their money. Then they spend their whole life not investing because the "system" is rigged against them.
Look at any crypto bro, that is their usual mantra. Only to lose it all again .
He's learned the traditional way - and its value - by watching his 529 grow over the years. He also plans to put his various USN bonuses - $50k for passing the first nuke school for example - into safer investments.
Posted on 7/22/23 at 11:59 am to TigerHornII
quote:4% of his portfolio in spec stocks is very reasonable. At his age he could go up to 10% and still be a responsible investor.
He's learned the traditional way - and its value - by watching his 529 grow over the years. He also plans to put his various USN bonuses - $50k for passing the first nuke school for example - into safer investments.
The most important things when buying speculative stocks are market cap, potential future dilution and position sizing. As perceived risk goes up, position size should go down.
This post was edited on 7/22/23 at 12:03 pm
Posted on 7/22/23 at 9:04 pm to Diseasefreeforall
quote:What strike price?
Jan 25 CRSP calls
Posted on 7/23/23 at 2:04 am to TigerHornII
My yolo stocks:
GEVO
RECAF
LLKKF
And SLI to an extent
GEVO
RECAF
LLKKF
And SLI to an extent
Posted on 7/23/23 at 6:02 am to Diseasefreeforall
quote:
The most important things when buying speculative stocks are market cap, potential future dilution and position sizing. As perceived risk goes up, position size should go down.
OP should teach his son to have a plan for each stock that is bought and when to sell. these stocks are highly likely not going to work out in the long term so you can't just buy and forget; they need to be watched closely and sell on that news driven spike.
like everyone who likes risk, when I first started investing, I bought some speculative penny stocks hoping for those huge gains, but I had no plan and didn't know when to sell. I let multiple stocks spike 100%+ only for them to crash again.
also, if any of these stocks do end up being game changers, you'll have plenty of time to buy in and ride that wave up instead of bag holding. bag holding is no way to go through life.
Posted on 7/23/23 at 9:33 am to TigerHornII
I’d get an index fund.
It won’t go to zero.
It won’t go to zero.
Posted on 7/24/23 at 8:43 am to TigerHornII
Teach him to use a balanced approach. It is fine to take on some gambles, but balance it with an index.
NVDA has had quite the run, but worth considering in case it keeps going. Batteries and Lithium mining are good areas that could hit it big.
NVDA has had quite the run, but worth considering in case it keeps going. Batteries and Lithium mining are good areas that could hit it big.
Posted on 7/24/23 at 11:46 am to Drizzt
quote:
SDPI comes up as Superior Drilling Products out of Utah. That what you referring to?
Yes
Posted on 7/24/23 at 3:13 pm to TigerHornII
quote:
The problem with a PMCC on Schwab is that you need L2 options approval to do it. They're not going to give that to an account with $2k in it, even with Dad as admin.
Might be able to open up a new TDAmeritrade account and apply for Level 2 or 3 options trading. Then once the account transfers to Schwab in September, the options permissions will transfer too.
Posted on 7/24/23 at 8:33 pm to TigerHornII
quote:
He has nearly $100k in his 529 in things like that.
How much input did he have in choosing the selections in the 529? If he had a heavy hand in developing that growth(?) portfolio, then sure… gamble a little. But if you put it together for him and his interest is more in shiny things that might “moon”… well, anyway, best of luck to him either way.
And BTW, the Navy’s nuclear power program is pretty amazing. A friend of mine went into it after high school and it truly changed his life. He’s an executive level banker now, but the USN instilled a measure of discipline in him that he lacked in high school.
Posted on 7/24/23 at 8:49 pm to KamaCausey_LSU
quote:
Might be able to open up a new TDAmeritrade account and apply for Level 2 or 3 options trading. Then once the account transfers to Schwab in September, the options permissions will transfer too.
With $2000 and zero options trading experience, he wouldn’t be eligible for Level 3 (short naked calls, etc.) at TDA, Schwab or any reputable brokerage. $25,000 minimum equity in a margin account and some proven trading experience is where Level 3 starts.
I suggest that anyone wanting to truly trade equities and eventually get serious about it (and not just play games) at least learn a bit about the options market (whether they go on to actually trade options or not). But I’d also suggest that an 18 year old, who’s currently talking about YOLOing, never get near an options table until he gets that out of his system. Unlearning bad trading habits is a lot harder than learning good trading habits (speaking from experience here
).
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