When people say that "a correction is coming for tech", do they actually understand when and why a correction happens, or they just feel the need to say something smart?
Reposting #shekelgoals >$1500 wagie/month >$470 rent >$300 groceries (very conservative estimate) >~$700 remaining (after some luxury shit from time to time like ice cream)
>shove $500 into stocks >$200 toward a 3 month emergency fund (~$2400, finished in a year) >after fund is done, put the whole monthly $700 into stonks >a weekly return of 0.5% on the stonks >$50k in 4 years, quit job >buy a house in some abandoned village for $10-20k >set up solar panels and a greenhouse for $10k >start an online business with $10k >keep/reinvest $10k in stonks possible extra expenses would be setting up a small chicken farm for ~$2k and an ukrainian wife for ~$5k
Unfortunately I can't move back in with my parents because I live/work in a different country, so I'm wasting $470/month. Foolproof plan, right? The market only goes up, right?
From last thread >inflation bad 2-3% for ~5 years acceptable >where do you find houses for cheapsies abandoned Moldovan villages
>concerns How realistic is a 0.5% weekly return from stocks? Buy on Monday, sell on Friday (or sell earlier if there's some big spike, say 5%).
> For 6% of the deaths, COVID-19 was the only cause mentioned. For deaths with conditions or causes in addition to COVID-19, on average, there were 2.6 additional conditions or causes per death.
I'm gonna do it. I'm gonna spend 2500 dollars on citigroup on monday.
Wish me luck, and remember that dividends are literally free money.
Austin Phillips
I imagine there would be something similar to a "settled status" scheme in the UK. >would be nice to have a second passport in a country you can always go to stay indefinitely in case things in your home country goes south Wouldn't really work that way in this case. If I were to move to Moldova, I'd be at most an hour away from my home in Romania (and then I'd have the rest of Europe open with my EU passport). And if shit were to go down, it would most likely be in Moldova before any EU nation (as it still has a hostile (((Russia)))-backed breakaway state half an hour away from the capital). I will get though a Moldovan passport eventually not for benefits, but for my nationalistic sensibilities. :^)
>concerns Corruption in government and society, xenophobia
Bentley Gutierrez
>xenophobia I'm white Also I can learn Russian to blend in even more >corruption I could do my business remotely in some EU country and just lay low in my village.
Lincoln Torres
Need more opinions, what's a good broker for EU people to get started? Pls respond
Levi Rogers
How to set proper tailing stops? Is selling at -5% too greedy?
you go long, worst case scenario if the company is good, you just hold. you can hold for years, decades even, it costs you nothing. there is no limit to the upside, 5x your money, 10x, 1000x, there is no limit. i will always be net long. the market going down only means im taking profits and then looking for cheapies. shorting makes no sense to me unless you're day trading. Simple as.
>470$ rent Where do you find rent this cheap? Me and my gf pay about 1300 euros for everything per month on our rental apartment
Jackson Perry
I use Interactive Brokers, but I am not sure how good it is when you are just starting out, since they have an inactivity fee if you have less than 100k$ in your account (though the inactivity fee is reduced by how much in commissions you generated each month).
Aside from that though, commissions are in-existent at a lot of brokers now if you check the sticky in the OP. I'm not sure which ones accept European customers though, and if there might be other caveats.
I've heard Degiro is one of the cheapest European brokers, but beware that, unless something changed, they are not insured the same way other brokers are (only up to 20k$), so should they go bankrupt, you might be fucked completely.
Asher Gomez
>How realistic is a 0.5% weekly return from stocks? Buy on Monday, sell on Friday (or sell earlier if there's some big spike, say 5%). 0,5% per week is about 30% growth per year. That is possible (but exceptionally good) if you average it over a period of several years.
You are not going to go up 0,5% every week. You have to think more long term than that.
Charles Bailey
I went into some reddit thread and they were all against using stop losses. Should I bother, or should I put them on all of my stocks?
Nathaniel Wright
Binck has it until 100k because they have to comply with banking regulations Ah like that, well in that case I pay about 650 euros a month for everything then which given the location of our place is a steal for 65m2.
Ryder Bennett
UK Living with 6 other housemates though. Also all the instances of USD are really GBP, but it was easier to type "$". So that would be 628 USD/month or 527 EUR/month
Isaiah Campbell
Rate this play: >Short Zoom before close on monday >Buy S&W before close on thursday
Is the corona gun boom priced in for S&W, and is Zoom not as much of an overpriced meme as I suspect?
If you hold your picks long-term, don´t bother. You have done your due diligence and have decided that they are worth buying. If they go down in price you just buy more (unless the company has fundamentally changed in some way)
Christian King
Nice, although I do intend to buy a house with a mortgage when me and my gf get married after she finished her Master's degree and she has a job. I'll start on Tuesday with my first job out of uni and could, of my contract gets extended from a 1 year contract to an indefinite contact, buy a house of 300k with a mortgage but I don't want that. I'd prefer to wait until she has a job too so we have a bigger budget and can buy a house to live in until the mortgage is fully paid of in 30 years. And finding a home like that is more expensive
Anthony Foster
The money doesn't go into the economy, only onto he balance sheet of primary lenders. It's all a ruse to bamboozle investors. No inflation.
Juan Price
sure, but who knows when that's gonna happen? even when SHTF im still probably just going to revert to day trading shit and shorting a lot intraday because it's free if you don't hold overnight. call me when the first circuit breaker trips because im not gonna believe SHTF until that happens.
that's nice. i live in a 1800 ft2 (about 168m2) house with a basement and 2 acres of conservation land that i don't pay shit for because my parents own it and the mortgage is already paid off. i help pay for groceries and living expenses and such but most of my money i get to save and put into the stock market to make even more money from.
feels good.
Luke Cox
>playing the earnings itself that you have no way of knowing instead of playing the hype leading up to it and the reaction afterwards
