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re: Should I get more into stocks?

Posted on 2/7/25 at 4:05 pm to
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77240 posts
Posted on 2/7/25 at 4:05 pm to
quote:

Don't water your weeds. Eradicate them.


Never underestimate the other guy’s greed.
Posted by beaverfever
Little Rock
Member since Jan 2008
34245 posts
Posted on 2/7/25 at 4:07 pm to
quote:

Would it be a bad idea to start buying some of that shite I’m way down on?
quote:

I’m in SLI at $12.09
If you’re going to try to be a stock picker, you should know that doubling down on losers is how you get in trouble really quick. If the market tells you a stock sucks, believe it.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
81997 posts
Posted on 2/8/25 at 9:42 am to
quote:

learn what a Stop Loss order is.


he would learn what that is real quick if he ever traded futures. FACT!
Posted by Rize
Spring Texas
Member since Sep 2011
17330 posts
Posted on 2/8/25 at 9:48 am to
quote:

he would learn what that is real quick if he ever traded futures. FACT!


I’m not getting into all that shite

Was just thinking of getting some solid companies and holding for the next 10 to 15 years.
Posted by slinger1317
Northshore
Member since Sep 2005
6524 posts
Posted on 2/8/25 at 10:17 am to
I gave up individual stocks a few years ago when I had about the same luck as you.
Funds are the way to go
You need to add VOO for sure and probably VUG
Posted by VABuckeye
NOVA
Member since Dec 2007
37499 posts
Posted on 2/8/25 at 10:24 am to
quote:

Would it be a bad idea to start buying some of that shite I’m way down on?


Jesus Christ, you're 43. Just buy fricking S&P ETFs and keep buying them regularly. Then in 20 years you can look at all the money you made on those purchases.


Posted by Rize
Spring Texas
Member since Sep 2011
17330 posts
Posted on 2/8/25 at 11:02 am to
quote:

I gave up individual stocks a few years ago when I had about the same luck as you. Funds are the way to go You need to add VOO for sure and probably VUG


Ok. I just didn’t want to have only VGT in my after tax account. I have S&P versions in my 401k and EJ accounts but nothing in VUG.
Posted by bayoubengals88
LA
Member since Sep 2007
21084 posts
Posted on 2/8/25 at 11:06 am to
quote:

Was just thinking of getting some solid companies and holding for the next 10 to 15 years.
Have you read the NBIS thread? I can only shout it so loud…
Posted by Hank Tank
Member since Nov 2024
272 posts
Posted on 2/8/25 at 1:55 pm to
I've had more success in crypto than stocks. Now stocks are like investing in BTC and letting it sit but options are like playing shite coins, I apparently suck at this but pretty good in crypto at flipping them.
Posted by bayoubengals88
LA
Member since Sep 2007
21084 posts
Posted on 2/8/25 at 4:22 pm to
quote:

options are like playing shite coins,
The examples of options “trading” that’s most prevalent on the internet is an incorrect usage of options.

Set rules, don’t buy too close to expiry, and move on. Are you doing intraday? Sell at 15%
Plan on holding, sell at first pop or 30-40%.
Posted by geauxpurple
New Orleans
Member since Jul 2014
14760 posts
Posted on 2/8/25 at 8:24 pm to
You need to stick to broad based index funds such as the S&P 500 or the Total Stock Market. You would be much better off had you done that from the beginning.
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