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Wish I had known about how stocks/crypto worked before this bull market

S
SpeedDialer
Member
Posts: 415
Joined: Oct 2019
Posted on Jan 5, 2022, 4:23 am
#1
I'm sad. Inflation. All I had were low interest earning bonds/CD's. Lost buying power. Gonna be more expensive to live in Greece for those three months. Wonder if LL will increase in price. Wonder how much more money it will be next fall?
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M
Medium Drink Of Water
Verified Patient
Posts: 71
Joined: Oct 2013
Posted on Jan 5, 2022, 6:30 am
#2
Tell me about it.  I got into stock trading in April.  So many missed opportunities with GME, AMC, and all those SPACs that people ran up. Wish I had known about how stocks/crypto worked before this bull market

2022 has been a bad year so far though.  Unless you picked uranium and fossil fuels and banks your portfolio has probably been bleeding profusely.  Mine has been, and I was thinking of betting big on the first two due to the tension with Russia.  Another missed opportunity. Wish I had known about how stocks/crypto worked before this bull market

I hope it's just some stupid panic about the Federal Reseve minutes coming out tomorrow.  The market has done that several times over the past few months and then comes roaring back once they realize Jerome Powell isn't going to be the next Paul Volcker.
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1
173to187USTORUSSIA
Member
Posts: 363
Joined: Jul 2021
Posted on Jan 5, 2022, 3:15 pm
#3
Quote from: Medium Drink Of Water on January 05, 2022, 06:30:44 AMTell me about it.  I got into stock trading in April.  So many missed opportunities with GME, AMC, and all those SPACs that people ran up. Wish I had known about how stocks/crypto worked before this bull market

2022 has been a bad year so far though.  Unless you picked uranium and fossil fuels and banks your portfolio has probably been bleeding profusely.  Mine has been, and I was thinking of betting big on the first two due to the tension with Russia.  Another missed opportunity. Wish I had known about how stocks/crypto worked before this bull market

I hope it's just some stupid panic about the Federal Reseve minutes coming out tomorrow.  The market has done that several times over the past few months and then comes roaring back once they realize Jerome Powell isn't going to be the next Paul Volcker.

Could you give any good books or learning material sources (online sites, podcasts , videos etc) that helped you learned to invest in stocks? Much appreciated.
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M
Medium Drink Of Water
Verified Patient
Posts: 421
Joined: Oct 2013
Posted on Jan 5, 2022, 3:51 pm
#4
Sure enough the uranium stocks that I passed up on three days ago up another TEN fkING PERCENT so far this morning.

You don't want any information from me.
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R
ReadRothbard
Member
Posts: 481
Joined: Aug 2014
Posted on Jan 5, 2022, 4:07 pm
#5
Quote from: SpeedDialer on January 05, 2022, 04:23:51 AMI'm sad. Inflation. All I had were low interest earning bonds/CD's. Lost buying power. Gonna be more expensive to live in Greece for those three months. Wonder if LL will increase in price. Wonder how much more money it will be next fall?

I bought several bitcoin in 2013 and lost them all due to a hack (my dad was holding them in some "secure" address). Things could be worse.
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1
173to187USTORUSSIA
Member
Posts: 431
Joined: Jul 2021
Posted on Jan 5, 2022, 6:15 pm
#6
Quote from: ReadRothbard on January 05, 2022, 04:07:54 PMI bought several bitcoin in 2013 and lost them all due to a hack (my dad was holding them in some "secure" address). Things could be worse.

I regret not buying btc at $400 back in the day but man that takes the cake. That's unfortunate.
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M
Medium Drink Of Water
Verified Patient
Posts: 327
Joined: Oct 2013
Posted on Jan 5, 2022, 6:25 pm
#7
All right.  Now that I've calmed down I can tell you that most of what I know about investing in general is from reading cnbc.com and watching CNBC.  Also Fox Business Channel has a good show called Barron's Roundtable every Friday.  Wall Street Bets is also a good source of general knowledge.  Whether you take anyone's advice or not, the way the advice is given is informative in general.

As for the nuts and bolts of trading, I opened a Fidelity account and looked up any term or graphic in the user interface that I didn't understand, e.g. what the bid price and ask price are, what a payout ratio is, etc.

So I learned through experience, the same way I learned to type 100 words per minute by using chat rooms and message boards instead of by studying typing.
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R
ReadRothbard
Member
Posts: 228
Joined: Aug 2014
Posted on Jan 5, 2022, 6:31 pm
#8
Quote from: 173to187USTORUSSIA on January 05, 2022, 06:15:48 PMI regret not buying btc at $400 back in the day but man that takes the cake. That's unfortunate.

I was planning to sink my life savings into it as soon as I graduated high school; I actually found out about it in 2011 and wanted to put $200 into it (I was bit libertarian), then I wanted to hold out until it was $100k a coin min. I just didn't have a debit card and thus couldn't pay back then, and my parents weren't going to pay for any silly online money.
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S
SpeedDialer
Member
Posts: 134
Joined: Oct 2019
Posted on Jan 10, 2022, 6:23 am
#9
The question is what the f do we do now?

Afraid of bear market w/ Fed being hawkish

Afraid of SEC cracking down on stable coin lending (blockfi, celsius, etc)

Defi lending options -> The 20% yield on anchor protocol UST stablecoin-> I don't think ozone insurance or nexus mutual insurance on these are available now, kind of the wild west

CD's/treasuries are giving close to 0 yields  (except for Series I bonds, which I already maxed out), not sure this will go up that much even if the Fed tries

Gold has not performed that well the last 10 years

Bonds- I am even more clueless on

What now for someone who doesn't know much about stocks?

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S
SpeedDialer
Member
Posts: 445
Joined: Oct 2019
Posted on Jan 10, 2022, 6:29 am
#10
A big problem is that for people who want to do LL in the next few years, long term strategies like "hold bitcoin/S&P500 index as long as possible" won't work if there is a market correction shortly before you cash out

And traditional short term savings vehicles like "high yield" saving accounts and CD's are giving such pathetic yields that they are really hard to swallow
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