You should Cash in!! Today spot is $3289. (Apmex website). You can buy Pamp 1oz for $3449. Now if you can sell on Ebay for Spot+50% that comes to $4934. That puts you at $1485 profit minus Ebay commission. I call BS
Stock market advice
- Thread starter Dan in MI
- Start date
GasGuzzler
Hawkeye
I got more aggressive this year because age and industry has me in the middle of a reality check. I have a guy that I don't have to pay (provided by my employer) and he's got me going better.
OP
I've had my foot through the radiator since I was 29. Against all the rules I still do have about 80% there after retirement.
I have a friend, another retired guy who decided to play with the stock market as a day trader. Started Nov 2023 with $30,000 and is now creeping up on $60,000. He picked a good time to give it a try.
Me, I’m sticking with real estate. I understand that better.
Me, I’m sticking with real estate. I understand that better.
We're both over 80, CD's only for us.
This is how you can make a small fortune in the stock market
Start with a large one
Get elected to congress
Start with a large one
Get elected to congress
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3underpar
Single-Sixer
That's funny....even i can draw a squiggly blue line on a piece of paper
OP
Go for it. The part I edit out has zero's and dollar signs.
3underpar
Single-Sixer
My charts look just like your's, but bragging is not my style
I don't think it's bragging. If you have money in Exchange Traded Funds, like QQQ or VGT or VOO, those follow the Nasdaq or S&P. If you look at that "squiggly blue line" and look at the dates, it's following the major indexes. They all dropped from fear of the tariffs. You can see that in April on the chart.My charts look just like your's, but bragging is not my style
It's actually helpful when you think about it.
I would also edit out the dollar amounts, you know how it is, someone will always have more money, or a faster car, or a bigger house. Not to brag, but that's just life.
My dog is more well behaved though.
3underpar
Single-Sixer
Trust me, you don't have to explain charts to me my friend, I've been invested since the early '80s. Yea, I'm that oldI don't think it's bragging. If you have money in Exchange Traded Funds, like QQQ or VGT or VOO, those follow the Nasdaq or S&P. If you look at that "squiggly blue line" and look at the dates, it's following the major indexes. They all dropped from fear of the tariffs. You can see that in April on the chart.
It's actually helpful when you think about it.
I would also edit out the dollar amounts, you know how it is, someone will always have more money, or a faster car, or a bigger house. Not to brag, but that's just life.
My dog is more well behaved though.
OP
No bragging involved. If it was for bragging rights the dollar amounts would need to be there for a reference point. (and if you noticed I was asked for my input)
It's more for the "you'll lose your donkey" in the market crowd and those that want to get in but are scared. I like to help people get ahead if I can.
It shows a simple, mostly index fund, account can grow quite well if you leave it alone. Don't move in and out guessing what is going to happen. Don't day trade and pay fees all day long for every trade. Don't freak out when you see a big dip. Ride it out, or even buy the dip, and let time do it's magic. If you don't have the time to get REALLY educated in the market, or study stocks all day, just plug into a couple good index funds and let it ride.
It's more for the "you'll lose your donkey" in the market crowd and those that want to get in but are scared. I like to help people get ahead if I can.
It shows a simple, mostly index fund, account can grow quite well if you leave it alone. Don't move in and out guessing what is going to happen. Don't day trade and pay fees all day long for every trade. Don't freak out when you see a big dip. Ride it out, or even buy the dip, and let time do it's magic. If you don't have the time to get REALLY educated in the market, or study stocks all day, just plug into a couple good index funds and let it ride.
3underpar
Single-Sixer
I take the accusation of bragging back, my bad. I agree with everything you just said. I've talked to a lot of young people over the years, trying to get them to invest and stay invested. Best of luck to you
95-100% almost all the time. I retired in 'o9.
Timbo23
Plinker and accumulator
One way to make money in stocks beyond S&P ETFs is to 'Buy low and Sell high". But how do you know when a stock is Low and when it is High? In a taxed account (non-Roth) there are also Capital Gains taxes plus you have to then find another stock to 'buy low' to 'sell high' later.
Another way is to buy stocks of companies that pay dividends and increase them each year to offset inflation. You collect money and don't have to sell them. The danger here is companies can cut or stop dividend payments.
Choose carefully from companies that are 'dividend aristocrats' that have paid consistent and increasing dividends for 25 years. There is a webpage that lists 'Dividend Aristocrats'. Still have to pay Capital Gains taxes though.
Another way is to buy stocks of companies that pay dividends and increase them each year to offset inflation. You collect money and don't have to sell them. The danger here is companies can cut or stop dividend payments.
Choose carefully from companies that are 'dividend aristocrats' that have paid consistent and increasing dividends for 25 years. There is a webpage that lists 'Dividend Aristocrats'. Still have to pay Capital Gains taxes though.
