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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: AroundtheSon]
#26543223 - 03/18/20 06:24 PM (3 years, 10 months ago) |
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HAIL OUR NEW OTD KING
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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#26952354 - 09/24/20 08:59 AM (3 years, 4 months ago) |
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My stocks are
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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#26952406 - 09/24/20 09:25 AM (3 years, 4 months ago) |
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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: SudoNimh]
#27773885 - 05/12/22 11:47 AM (1 year, 8 months ago) |
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A few short months ago I had around 44K in stocks. It's now around 30K.
It just goes down every single day.
I don't know whether to laugh or cry.
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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa]
#27774356 - 05/12/22 04:59 PM (1 year, 8 months ago) |
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Quote:
TheFakeSunRa said:
Quote:
Niffla said: A few short months ago I had around 44K in stocks. It's now around 30K.
It just goes down every single day.
I don't know whether to laugh or cry.
Do you have any liquidity?
I have a little bit in a savings account just sitting there. For a rainy day. Not much, though. Like 10 grand. If that.
All this is basically my entire life savings. Most everyone I talk to says to just ride it out and that it will eventually go back up. But shit it's not like I'm in my 20's anymore. Or even 30's. I'm 42 now and it's jarring for me watching what little I have evaporate in such a short amount of time.
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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa]
#27775115 - 05/13/22 05:27 AM (1 year, 8 months ago) |
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Quote:
TheFakeSunRa said: That’s real bad. Have you learned how to do options and day trade momentum scalps and all that?
No I don't know shit. Honestly I'm a total novice when it comes to this. 
I'm fucked
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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ashfiken]
#27775822 - 05/13/22 04:31 PM (1 year, 8 months ago) |
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Quote:
TheFakeSunRa said:
How many different stocks do you own?
probably like 15 or so give or take
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TheFakeSunRa said: Niffla buddy we’ve been buds on this space for a long time
You don’t need to facepalm or cry or say I’m fucked
We can work together, solicit advice, target swing trades and moves. Just this morning,I sold IN THE GREEN all profit $200
A bear market like this offers opportunity. We need to limit your exposure. Get surgical. And build this fucker back and beyond. Keep your head up, bro.

Appreciate it, my guy. You've always been one of the board's best straight shooters, no filter and no bullshit, and I respect you a great deal. So what you just said means a lot.
Quote:
ashfiken said: I'm worried he's like many of us and that is in a 401k type of scenario.
Accounts that are so mishandled and difficult to manage oneself to escape risk as it is building.
Alternatively, having an IRA would mean his broker or himself should be able to work the portfolio in downturn times in order to stabilize more in cash, minimize losses, and remain exposed/gain exposure as the downturn continues and rebounds (whenever that may be). Many ppl in 2007-2008 lost their ass bc the only exposure they had to the broad equity market was 401ks these were decimated, leaving many approaching retirement with next to nothing compared to what they had worked for(with little to no time) to recoup and recapitalize on a turnaround market before retiring This forced many to work longer into their "retirement" age, and many to live lifestyles that were below what they earned with their lifelong production and, in the end, unfortunate reliance on a system that doesn't really empower the worker. Unlike 401ks predecessor, pensions, which are guaranteed retirement instead of a ? based on the whims of wall street and the general flimsy sort of economy we are growing into.
I do have a "401K" but it's paltry. It was already paltry but the economy & market just made it more paltry. The stocks I "managed" on my own, lol. If you can call it that. Things were going quite well for a few years though since I started dabbling, but the bottom started to fall out of course when the market/economy began to crash. Inflation, the Ukraine invasion, etc.
Killing me the most are a few tech stocks I have -- Skyworks & docusign for starters. Skyworks I had just read about online as a good long term stock, supposedly, and since I bought some at $186 a share, it has since plummeted to around $100 a share. Docusign I bought at $144, it then shot up to like $240 or something like that, and now it has fell to $79 
Anyway I hope you all have a good weekend
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Niffla



Registered: 06/09/08
Posts: 46,479
Loc: Texas
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa]
#27776514 - 05/14/22 05:42 AM (1 year, 8 months ago) |
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Yeah that docusign one hurts
Okay I'll check it bud, thanks
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