Discussion ***Official*** 2024 Stock Market Thread 💰

[bookem dano]

Thanks for the comments!
I haven't added to nvidia since my initial purchase that will soon go through it's second split. It's in a retirement account so I have at least 10 more years before I need the funds. Selling 2 shares at today's prices almost doubles my initial investment. It would have to go bankrupt for me not to have earned anything on it especially after the upcoming split.

In my regular 401k I have it re-balance every quarter. From what I have seen, it seems stocks that split usually have a run up for at least the next year. I know nvidia has some competition coming as well. I see it as somewhat of a big gamble either way right now.

 

[FelixDeCat]

GME getting slaughtered with bad earnings and yet another stock offering coinciding with meme run up.

 

[AdamK47]

I'm surprised earnings mean anything for the stock price.

 

[jpiniero]

Gamestop did say they are going to issue 75 M shares. Don't think the memers realize what that means.

 

[dullard]

Gamestop did say they are going to issue 75 M shares. Don't think the memers realize what that means.

GME is shorting itself (selling shares it didn't buy)! Gasp, we must stop that! Down with GME! We do this by buying GME!

 

[FelixDeCat]

GME is shorting itself (selling shares it didn't buy)! Gasp, we must stop that! Down with GME! We do this by buying GME!

Ryan Cohen has had 3 years and billions to do something with the company and he hasn't done shit.

If you are going to be crazy about a company how about one with actual earnings and profits?

 

[Lost_in_the_HTTP]

Crystal Ball time NimbleKnockers.

What's it gonna do in the next 2-3 months (before the possible end of civilization as we know it)?

I may have to do something I was hoping I wouldn't for a while yet. I have a Federal 401K type thing that tries to mirror the S&P which has been breaking records fairly often recently. Once I cash it out to an Annuity and start taking payments, market growth stops and it goes to an interest growth plan.

It could give me a good chunk, but if I wait another year or two, that chunk could be bigger. Or it could crash and lose value like it did a few years ago, dropping 30% or more.

 

[IronWing]

Crystal Ball time NimbleKnockers.

What's it gonna do in the next 2-3 months (before the possible end of civilization as we know it)?

I may have to do something I was hoping I wouldn't for a while yet. I have a Federal 401K type thing that tries to mirror the S&P which has been breaking records fairly often recently. Once I cash it out to an Annuity and start taking payments, market growth stops and it goes to an interest growth plan.

It could give me a good chunk, but if I wait another year or two, that chunk could be bigger. Or it could crash and lose value like it did a few years ago, dropping 30% or more.

If you are talking about the TSP, you don't have to buy the annuity. Once you buy the annuity, there are no do-overs or take-backs. You can leave the money in the TSP or roll it into an IRA. Talk to a financial advisor. Spill your financial guts and listen to what the advisor has to say. If a traditional TSP plan, read up on the required minimum distributions for traditional IRAs. Tax planning is essential.

 

[Lost_in_the_HTTP]

My plan is that I'll likely be dead before any of that matters.

 

[IronWing]

My plan is that I'll likely be dead before any of that matters.

Then the annuity may not be a good choice as it is based on a long life expectancy. If you legitimately think you're going to kick off early, there may be better ways to maximize the benefit of having a big bag of money.

 

[FelixDeCat]

Crystal Ball time NimbleKnockers.

What's it gonna do in the next 2-3 months (before the possible end of civilization as we know it)?

I may have to do something I was hoping I wouldn't for a while yet. I have a Federal 401K type thing that tries to mirror the S&P which has been breaking records fairly often recently. Once I cash it out to an Annuity and start taking payments, market growth stops and it goes to an interest growth plan.

It could give me a good chunk, but if I wait another year or two, that chunk could be bigger. Or it could crash and lose value like it did a few years ago, dropping 30% or more.

The market is being supported on two keys, maybe 3:

1) Rate cut "hopes", yet there likely will not be any. But they are propping up the bond market on "hopes". Why dont we ever hope for rate hikes? Support savers for once!

2) The belief that markets always do well during election years.

3) Supposedly good earnings

After the election, that factor will be behind us. Rate cut "hopes" will likely continue aftewards. And earnings may depend on who wins. The dems usually want higher taxes and repubs the opposite. Either way it is still a coin toss.

In other words, its up to you.

 

[JTsyo]

Didn't realize the nVidia split was this week. Was surprised by a price alert I had set up to see it drop. Now I have enough shares to sell covered calls.

 

[Charmonium]

Didn't realize the nVidia split was this week. Was surprised by a price alert I had set up to see it drop. Now I have enough shares to sell covered calls.

good luck. Might be better to buy some calls in stead. Something to think about

 

[JTsyo]

S&P500 swapping some stocks on June 21.

In: KKR & Co ($KKR), GoDaddy ($GDDY) and CrowdStrike ($CRWD)
Out: Robert Half ($RHI), Comerica ($CMA) and Illumina ($ILMN)

Been holding KKR for a few years now. Was surprised to see a big pop and saw this was the reason why.

 

[zinfamous]

I'm just glad that i passed on nVidia when it was an unreasonable $36 or so.

 

[AdamK47]

Investors apparently aren't liking what's coming out of Apple's developer conference. Stock dipping the further it goes on.

 

[biostud]

11.14% YTD

12.06% YTD.

 

[AdamK47]

Big day today.

CPI unchanged from last month.

Fed meeting at 2 PM.

My VGT is doing very well this morning. YTD it's +21.58%. QQQ "only" at +17.81%.

 

[FelixDeCat]

Big day today.

CPI unchanged from last month.

Fed meeting at 2 PM.

My VGT is doing very well this morning. YTD it's +21.58%. QQQ "only" at +17.81%.

Congrats!

 

[FelixDeCat]

Yeah I'd say after the election things will definitely fall apart and there will be plenty of selling.

 

[jpiniero]

Yeah I'd say after the election things will definitely fall apart and there will be plenty of selling.

Depends on (when) Wall Street loses interest in AI. How long do you think that will take?

 

[IronWing]

Depends on (when) Wall Street loses interest in AI. How long do you think that will take?

When brokers are facing replacement.

 

[FelixDeCat]

Depends on (when) Wall Street loses interest in AI. How long do you think that will take?

Interest is not always lost it is usually replaced as weariness sets in.

And I got a sneaky suspicion you may find the government going after Nvidia for dominating the market for AI chips one day. Or taxes being introduced to cash in on AI in some way.

I still like playing Civilization III, a strategy game from 2001 whose game "AI" that run other civs has been a topic of interest for over 20 years.

 

[FelixDeCat]

Bought ASTS 10.50

 

[AdamK47]

Tech bubble?