OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[jschligs]

You guys think it's late to buy Sysco or LAM Research?

You think they'll drop like that again?

When you posted this it looked like both were on the rebound. Since then Sysco is down 24% and LAM is down 13%. Another case in point that you never know when a stock is at a bottom.

haha yep. I noticed this on my watch list.

I added some Sysco.

I'm no expert, but we're nowhere near bottom. Still not a bad time to buy in if you're holding long.

[Stannis]

When you posted this it looked like both were on the rebound. Since then Sysco is down 24% and LAM is down 13%. Another case in point that you never know when a stock is at a bottom.

haha yep. I noticed this on my watch list.

I added some Sysco.

I'm no expert, but we're nowhere near bottom. Still not a bad time to buy in if you're holding long.

Yea, I'm holding long and plan is to just buy slowly on the way down.

[vital_signs]

Averaged down a tad on US Foods and Sysco today. Am thinking I jumped the gun and deeper bottom is coming so got some cash in reserve for some more deals.

I've gotten wrecked on Marathon Petroleum but probably should keep averaging them down as well. Hard to do when the stock has already zapped away a good chunk of your cash :/

[jschligs]

This has been a really weird few weeks, well, mainly today. Unemployment 6.6 million and the virus still running stronger and stronger but the Dow is up 2%. Trump's single tweet (well, two) shot USO up over 24% at one point. I'm not one for options too often, but I did a relatively low risk put and have a good feeling it'll be a good return. Recently did one on Ford and it's at 60% gain. Too bad the rest of my portfolio got bitch smacked.

[ejn1214]

This has been a really weird few weeks, well, mainly today. Unemployment 6.6 million and the virus still running stronger and stronger but the Dow is up 2%. Trump's single tweet (well, two) shot USO up over 24% at one point. I'm not one for options too often, but I did a relatively low risk put and have a good feeling it'll be a good return. Recently did one on Ford and it's at 60% gain. Too bad the rest of my portfolio got bitch smacked.

I was bored the other day and started messing with options. Woke up the next morning thinking what did I do. Researched it some more and realized I really didn't know what I was doing. Luckily my put on Delta was 450% gain after two days and I sold it, but I almost had a heart attack trying to make sure I hadn't made a move with some unlimited loss potential. I also was trying to sell a put on a stock with almost no options volume, so I lost $25 dollars there, but I was worried when it took $1500 for collateral till that expired. I've stopped messing with options although I have been tempted again with no sports around to scratch my gambling itch.

[sidney lanier]

This has been a really weird few weeks, well, mainly today. Unemployment 6.6 million and the virus still running stronger and stronger but the Dow is up 2%. Trump's single tweet (well, two) shot USO up over 24% at one point. I'm not one for options too often, but I did a relatively low risk put and have a good feeling it'll be a good return. Recently did one on Ford and it's at 60% gain. Too bad the rest of my portfolio got bitch smacked.

I was bored the other day and started messing with options. Woke up the next morning thinking what did I do. Researched it some more and realized I really didn't know what I was doing. Luckily my put on Delta was 450% gain after two days and I sold it, but I almost had a heart attack trying to make sure I hadn't made a move with some unlimited loss potential. I also was trying to sell a put on a stock with almost no options volume, so I lost $25 dollars there, but I was worried when it took $1500 for collateral till that expired. I've stopped messing with options although I have been tempted again with no sports around to scratch my gambling itch.

Good you got out. Too many sharks swimming in that ocean for me. To scratch that gambling itch, try horse racing. It's less risky.

[humanrefutation]

I'm dipping my toes a little further with EXAS. Long term hold for me.

[DigitalFool]

Took a new position in KSS. It'll either recover or go bankrupt, but I expect the former unless this stay at home order lasts more than 9 months.

[Stannis]

Averaged down a tad on US Foods and Sysco today. Am thinking I jumped the gun and deeper bottom is coming so got some cash in reserve for some more deals.

I've gotten wrecked on Marathon Petroleum but probably should keep averaging them down as well. Hard to do when the stock has already zapped away a good chunk of your cash :/

Feel like I'm in the same boat. I might have went in on Sysco too early. But I plan to keep buying slowly. I was in the restaurant business before, and dealt with them personally, and liked them. Plus, they pay a decent dividend.

I'm not sure about US Foods. No dividend. But their stock price right now is looking juicy. I might recheck them.

I put a little money in Diamondback Energy, EOG Resources, and Shell. I was thinking about Marathon Petroleum just to diversify my oil sector as I don't have a business focused on the refining part. But I don't want to go too big on oil...

[HurricaneKid]

Just out of curiosity, when do you guys think we get "back to normal"? When do you think schools open back up? Are you sure there will be school in the fall? Why?

The optimists get put on TV and their message is pushed out but the truth is Korea isnt back to school yet. And they have no plans to be anytime soon. Their malls are empty and their economy is still spinning. They are just more careful than we are.

This is not a sprint. This is a marathon. I feel like we are exhausted
only 400m in and everyone seems to think we will be done shortly. This will go on for a long time and those who are trying to do right are going to get destroyed. WI cases should peak in late May. Which means at best we will have 3 more months of this followed by massively careful YEAR in which we won't trust anyone and even that assumes we get a great vaccine in 15 mos. Which is fairly optimistic.

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[Ill-yasova]

Alright guys, I've been lurking for a while and I am also very new to investing but i think i would like to dip my toe in a little bit. I've seen all of the suggestions for Kohl's, US Foods, and Sysco and i really want to start making some moves here. I was thinking about going with E-trade and starting to invest in these businesses because of where they are in the market right now. I look forward to reading along with you guys in the upcoming days and soaking up some knowledge here.

[MickeyDavis]

When "life" gets back to normal and the market gets back to normal won't be on the same time frame. There will be a mental boost when things start opening up and the market will react to that. But once earnings start coming out and many businesses never reopen the market also react.

[jschligs]

Alright guys, I've been lurking for a while and I am also very new to investing but i think i would like to dip my toe in a little bit. I've seen all of the suggestions for Kohl's, US Foods, and Sysco and i really want to start making some moves here. I was thinking about going with E-trade and starting to invest in these businesses because of where they are in the market right now. I look forward to reading along with you guys in the upcoming days and soaking up some knowledge here.

Continue to read as much as you can and learn as much as you can. Develop your strategy, what you can afford to put in (or what you can afford to lose) and keep reading. Personally, the best idea would be to buy some solid companies with the intention of holding on to them for a long time. This market is completely irrational and trying to do too much off the bat will crush you financially.

I still don't see us having reached the bottom. We're still spiraling downward and the feds are doing everything they can to keep the market afloat.

[Stannis]

Just out of curiosity, when do you guys think we get "back to normal"? When do you think schools open back up? Are you sure there will be school in the fall? Why?

The optimists get put on TV and their message is pushed out but the truth is Korea isnt back to school yet. And they have no plans to be anytime soon. Their malls are empty and their economy is still spinning. They are just more careful than we are.

This is not a sprint. This is a marathon. I feel like we are exhausted
only 400m in and everyone seems to think we will be done shortly. This will go on for a long time and those who are trying to do right are going to get destroyed. WI cases should peak in late May. Which means at best we will have 3 more months of this followed by massively careful YEAR in which we won't trust anyone and even that assumes we get a great vaccine in 15 mos. Which is fairly optimistic.

Sent from my SM-G955U using RealGM mobile app

Honestly, I would say 2 more years. 3-4 more years for non-essentials like the Cruise Industry to be back up.

Even if a vaccine and cure is created tomorrow, what's to keep people from not getting scared of another virus? How long will it take to get everyone vaccinated?

Will people start going out to bars and restaurants right off the bat? Imo, I think many are likely ok with staying home for a while especially if they took a financial hit during the pandemic.

To top it off, the COVID-19 has overshadowed other things like our trade wars and our new one with oil.

You have some people trying to be optimists (like Clay Travis), but I don't get it. We still have no masks and respirators. Everyone rightfully wants to stay inside. The stimulus bill is gonna go down as one of the worst bills of all time.

[Stannis]

Alright guys, I've been lurking for a while and I am also very new to investing but i think i would like to dip my toe in a little bit. I've seen all of the suggestions for Kohl's, US Foods, and Sysco and i really want to start making some moves here. I was thinking about going with E-trade and starting to invest in these businesses because of where they are in the market right now. I look forward to reading along with you guys in the upcoming days and soaking up some knowledge here.

First things first, if you are brand new to investing, I would first invest in low-cost ETFs or Index funds to instantly diversify preferably through a 401k through your employer or HSA (if they offer one) for tax advantages.

If you got one, I would get out of the target date retirement funds (mine was fleecing me on fees), and pick your own funds. They should have a low-cost S&P 500 fund, and some low cost bond funds. Mine doesn't have much options, but yours might have more (hopefully they have like an IT index fund or something more risky). If you already have a 401k and picked your own funds, look into increasing your weekly/monthly contributions for tax advantages.

Next, I would open a traditional or Roth IRA. I would look into the VOO ETF (tracks the SAP 500), QQQ (tracks the Nasdaq 100), VGT (Info Tech. ETF). REITs are really cheap right now, so I would maybe look into VNQ as well.

Once you build a pretty solid base with ETFs and Index funds and you are using whatever tax advantages you can get (IRAs, 401k, college funds, HSAs) then look into buying individual stocks.

I was talking to some noob investors in real life, and they jumped into buying stocks like Norwegian Cruise lines because they dropped so much, thinking they would bound to go up.... Not a wise decision to gamble like that right away. Especially when you don't have real investments already. So don't try to get rich quick..... It will take years to see your investments compound, but that's the only way to do it.


As far as what broker, check with your bank first and see if they offer good brokerage accounts with zero-free commissions. I'm with Bank of America, and I use Merrill Edge, so I can link my two accounts and get instant transfers.

E-Trade was just bought-out by Goldman.So I don't know how that will be like.

I heard great things about Fidelity. I would look into them. Or Charles Schwab because they do fractional shares (so you can put 200 bucks into Amazon and not have to buy a whole share at 2000).

[BucksFanSD]

Took a new position in KSS. It'll either recover or go bankrupt, but I expect the former unless this stay at home order lasts more than 9 months.

I just checked. Surprised to to see how beaten down Kohl's is from this past month. Wasn't expecting them to get airline treatment.

[BucksFanSD]

Alright guys, I've been lurking for a while and I am also very new to investing but i think i would like to dip my toe in a little bit. I've seen all of the suggestions for Kohl's, US Foods, and Sysco and i really want to start making some moves here. I was thinking about going with E-trade and starting to invest in these businesses because of where they are in the market right now. I look forward to reading along with you guys in the upcoming days and soaking up some knowledge here.

My two cents is the best thing to do here is likely to buy on a sell off and hold until August and then re-evaluate.

That is hard for any investor to do let alone one very new to investing.

Also, I've never complained later by diversifying stocks. I have complained later by not diversifying.

[Ill-yasova]

Alright guys, I've been lurking for a while and I am also very new to investing but i think i would like to dip my toe in a little bit. I've seen all of the suggestions for Kohl's, US Foods, and Sysco and i really want to start making some moves here. I was thinking about going with E-trade and starting to invest in these businesses because of where they are in the market right now. I look forward to reading along with you guys in the upcoming days and soaking up some knowledge here.

First things first, if you are brand new to investing, I would first invest in low-cost ETFs or Index funds to instantly diversify preferably through a 401k through your employer or HSA (if they offer one) for tax advantages.

If you got one, I would get out of the target date retirement funds (mine was fleecing me on fees), and pick your own funds. They should have a low-cost S&P 500 fund, and some low cost bond funds. Mine doesn't have much options, but yours might have more (hopefully they have like an IT index fund or something more risky). If you already have a 401k and picked your own funds, look into increasing your weekly/monthly contributions for tax advantages.

Next, I would open a traditional or Roth IRA. I would look into the VOO ETF (tracks the SAP 500), QQQ (tracks the Nasdaq 100), VGT (Info Tech. ETF). REITs are really cheap right now, so I would maybe look into VNQ as well.

Once you build a pretty solid base with ETFs and Index funds and you are using whatever tax advantages you can get (IRAs, 401k, college funds, HSAs) then look into buying individual stocks.

I was talking to some noob investors in real life, and they jumped into buying stocks like Norwegian Cruise lines because they dropped so much, thinking they would bound to go up.... Not a wise decision to gamble like that right away. Especially when you don't have real investments already. So don't try to get rich quick..... It will take years to see your investments compound, but that's the only way to do it.


As far as what broker, check with your bank first and see if they offer good brokerage accounts with zero-free commissions. I'm with Bank of America, and I use Merrill Edge, so I can link my two accounts and get instant transfers.

E-Trade was just bought-out by Goldman.So I don't know how that will be like.

I heard great things about Fidelity. I would look into them. Or Charles Schwab because they do fractional shares (so you can put 200 bucks into Amazon and not have to buy a whole share at 2000).

Great advice. I do have both a Roth and a 401k but I haven’t been stuffing them the way I should be and that is going to change after everything levels back out. I’ll definitely look into Charles Schwab too because the fractional shares are very interesting.

[LittleRooster]

After reading what's being written here and reading some other financial sites, I decided to invest my future allocations in my work 401k to Vanguard Total Stock Mkt Index and I decided to keep whatever money I've already invested in the T-Rowe Price 2050 Fund since I've lost money in there recently and would hope I can regain that loss.

Still feel out of my league here, but hopefully what I'm doing is sound

[MickeyDavis]

After reading what's being written here and reading some other financial sites, I decided to invest my future allocations in my work 401k to Vanguard Total Stock Mkt Index and I decided to keep whatever money I've already invested in the T-Rowe Price 2050 Fund since I've lost money in there recently and would hope I can regain that loss.

Still feel out of my league here, but hopefully what I'm doing is sound

Solid. Simple. Overthinking will cost you money.