re: Holding AMC Thread- Diamond hands unite

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greyparrot

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Can I just please get a ruling on "hedge funds"? Does it count on my bingo card for "hedgies"?

ETA: I'll keep playing if you say no, because it's fun, so no pressure.

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All bets are off with this play. For those lurking on this thread, you either believe or you don’t. Choose. It’s simple. Some of these posters are totally outing themselves as shitadel affiliates or “bears”

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I wish I got paid per post around here.

almost like a bot... day shift, night shift. Why are you in here 18 hours a day bashing? People it’s easy to spot. Can anyone not see this?

They posted instantly. Paid to refresh and combat the narrative. Tells me something is up and apes winning

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Do you have shares? If so, what’s ur average?


You trying to see his dick bro?

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It’s okay Slack, I don’t mind.

I currently have 41 shares @$9.40. I had 81, but I sold some at $27 and covered my initial investment. I was a little bummed that I decided to sell then given that it doubled a few days later, but I’ve tried to put in perspective that I was able to sell those shares for roughly 200% profit at the time.

I’ve never dabbled in the market before so I’m a complete novice. A coworker tried to get me to buy GameStop at $15 and I passed, then it proceeded to go to $400. When he came to me about AMC, I decided to throw a little money in to try it out. I had no intention of putting real money in, not on something I have no idea how works. Honestly I’d be more comfortable putting a grand on the craps tables. I’ve posted before my goal was to make enough money to buy a new shotgun. I’ve don’t that at then some.

Slack has been a huge help explaining this stuff to me. He clearly doesn’t share gooses enthusiasm, but I’ve yet to get anything that’s not reasonable for anything I’ve asked.

If I’m being completely honest, what I think I’ve learned through all this is next spring I’m going to give some money to someone that does this for a living. There’s a financial manager that a bunch of the guys at work use and he’s got a good track record. This whole ordeal has been insanely stressful to me.

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If I’m being completely honest, what I think I’ve learned through all this is next spring I’m going to give some money to someone that does this for a living. There’s a financial manager that a bunch of the guys at work use and he’s got a good track record. This whole ordeal has been insanely stressful to me.

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Before you pay some dude that is going to take a cut of your money for basically nothing.

You should look at investing in broad based index funds with very little expense ratios. It has been proven time and time again that basically investing in broad market funds at the lowest possible cost is the most profitable way for 90% of investors especially retail.

Most of the "advisors" are there to make things complicated and try to make money off of you.

A simple 3 fund portfolio is a great place to start and learn. No stress there.

Bogleheads 3 fund

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Most of the "advisors" are there to make things complicated and try to make money off of you.

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A lot of truth to this, and I’m in the industry.

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A lot of truth to this, and I’m in the industry.

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Are you a broker? I have a friend that's a broker, his investment strategy is about as conservative as you can get.

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investing in meme stocks might just do that to ya

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Well part of it is the difficulty in finding real information. Just look at this thread. It’s one extreme or the other. And the rise in price only contributes to the “da moon” folks. And that’s everywhere you look, all the blogs, Twitter, even some reputable financial news sources post nonsense.

Again I know what I have in it isn’t life changing money, and that was never my goal. But trying to find legit info to learn about understanding the process is difficult. That’s why I keep asking questions. I’m trying to learn.

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It’s one extreme or the other.

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I would respectfully disagree. It's one group posting a lot of nonsense and another group pointing out the nonsense/misinformation.

I'm also in the industry, and I second the idea to just get index funds for most retail investors if they don't have time to sit on trades. It really isn't hard to just find low-cost index funds. An advisor might make sense if you have a very complicated financial situation, but all most of us do is take a % for putting you in stuff that our firm's CFA's tell us to. We're salespeople, not actual financial experts. Very few advisors know their arse from a hole in the ground when it comes to finance. The exams we take to get licensed are a joke. At one very well-known firm I was with, we were told that we were financial "experts" just because "we knew what a 401k was and that put us years ahead of a layman."

If you do go with a FA, check them out on Broker Check, and call your state's securities regulator to see if there are any disclosures they know of that aren't in the Broker Check system. There are people in the industry I wouldn't trust to run a lemonade stand.