/smg/ - sock market general

Back to $200-$300, the $500 peak was nothing but tourist and paper hands Normies. Think of all the rent that's not gonna get paid this month.

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In terms of long term gain, Oil is not a good bet for the future imo. There's so many pressures on the world to decrease fossil fuel dependancy and there is still a huge amount of supply coming from OPEC which drives down the prices for the deep sea and shale industry.

We need about 70 dollars a barrel to make deep sea and shale drilling profitable, even then in the long term it's only going to go one way.

Oil price is linked massively to geo-political factors and economic factors on the whole, whenever there is poor economic performance or recession then demand and oil price drops massively.

If you have stocks in large oil firms wait until corona is finished and economies are properly recovering and re-invest, renewables are a safe bet if you're looking for investments now, massive green stimulus packages are driving up their stocks.

Oil will have a niche because of petrochemicals and plastics, but you're right that it's got macro headwinds. I hold FSLR but I might get rekt on it if Trump wins again.

Just washed all my Nvidia gains. Should’ve listened to you guys and put it in there instead.

All these gains in the past days are mad.
Massive red monday coming?

>tfw I went all in before close

Fuck fuck fuck fuck 4hrs left its gonna go up r-right?

Where's the user speaking to me about REITS, get in here.

is waiting for Zoom to drop under 400 to buy back in a good idea? Sold at 419 for 60% gains the other day

Tesla is about to be corrected to a 50b company.

Massive
It'll feel like the rug pull

yo
REITs aren't going to make you as much money as normal stonks but if your goal is "get $X in fixed income each month" that's basically what they're designed for

I don’t think it’s ever going to go that high again desu

>not being 100% GME
Ill buy back into stocks with solid fundamentals after i sell this no brainer for $50 maybe $100. Ill set trailing stops in chunks

>TSLA down another 6% and will probably drop a full 10% today
Ok thanks Elon. I didnt want to get rich anyway. Thankfully my options dont expire until Jan.

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>tesla -7%
jesus fucking christ
but also fuck yes time to buy $1 options again and get another 25x for the next retard run

All in TQQQ

If Tesla breaks $400 I'm gonna start dip buying, maybe if I'm lucky GME will top when TSLA bottoms and I can move my GME money to TSLA

Yeah I figured. I don't have any grand illusions about it. But since we're talking is there anyway to take it a bit farther with perhaps a little bit more risk? If I can make 500-600 a month I can completely support my lifestyle overseas. And you have to forgive me I clearly don't know a thing, this all sprung up on me a few days ago so that's why I suddenly took an interest.

just buy shitcoins then lol

don't listen to the clown shilling dividends to you. they have under performed s&p for decades and nothing is going to change.

I bought BEPC who have done very well so far, when did you buy FSLR?

pls stop dropping

He's looking for consistency not growth

what does this even mean? i swear dividend shills are so fucking delusional and retarded.

I warned you guys that the obsession with tech was unhealthy
You have no idea what to do when NASDAQ is at the top of it's channel other than suffer

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STOCKS ONLY GO UP

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You'd need to almost double your money each year (600x12=7200) and you won't do that in a way that pays you a predictable and steady amount each month

You can make that much money doing yolo calls though

Are you the same backtest obsessed nigger from the last thread who couldn't read then and still can't read now? Fren is looking for a monthly fixed income to supplement while he's overseas. "Hurr durr SPY outperforms dah REITs" means nothing if the goal is just "get $200 per month in cash sustainably for food and shit".
>B-B-B-BUT THE BIG LINE COULD GO FASTER REEEEEEE
I doubt you pay your own rent if you can't understand the concept of an income fund

>check option price for TSLA
>400+ on literally everything

What in the holy hell

Im delusional and im starting to think $150 is possible with GME. When have we ever had short interest >100%. Short volume still massive daily, not realizing it's going to be a domino effect.

Im gonna make bank at the cost of idiots becoming financially ruined

it means they want less profit, some people prefer to be poor

Means if the market goes up, he gets $600
If the market goes down he gets $600
It's not delusional you just don't like it because you've only been investing during the greatest bull run of all time

Tesla is kill

ngl I got absolutely lucky and won't claim I knew this would happen, green balls are purchases

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you realize you can sell SPY for exactly the same reason you state and still get higher returns?
dear lord dividend shills are truly clowns
if market goes down, he gets fuck all because his shit stock just went negative enough that the dividend doesn't do shit, retard

So is it retarded to keep investing in an S&P 500 market cap ETF at this stage? Shit's looking concerning.

Not going to happen
few months back oil was going to go negative again
The market mysteriously froze for over an hour
It came back online 20 minutes before market close and a consistent flurry of volume cleared out something like 30M in OI in 20 minutes

If you see it, and everyone else sees it, the shorts see it too
And they're not retarded

unironically these dividend shills need to get shot
they watched garbage youtube videos and trapped themselves and try to trick others into this dump

what are the chances this tsla crash is a boggening to lower mcap for s&p etf buy-in??

... You have no idea how dividend stocks work and your should stop talking

I expect no more than 5% correction near term

The funny part is there was already an user in the last thread wanting to buy $6 puts.

>loud confused autistic screeching continues unabated
You're one of the few people I can identify every thread you post in because you're such a stupid faggot.

and you have no idea about anything and should stop suggesting anything, clown
go back to watching divvie youtube compilations

did that user really sell covered calls on GME, he better hope it doesn't get executed before it expires (this week?)

Tesla FOMO getting dunked on.

I see. I have a reasonable time to get prepared. It's also comforting that they pay out monthly, so instead of rushing in to try and support my lifestyle immediately, I can ease my way in and count on that 200 or so.

i miss the comfy premarket guys

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Damn I just got told
Brb I have to go reevaluate my existence because some tard who doesn't like dividends and didn't understand how they work or what they're for doesn't like me

>shorts
>not retarded
How do you think Tesla got to half a trillion in market cap based entirely on Elon shitposting?

If you have time to get prepared you might want to keep your money in growth stocks until you need the security of fixed income, the larger your pile is the more cash it can make

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and you're the one retarded dividend shill i'll always call out so you won't get to trick more retards into your garbage
when a pension fund like s&p beats random collection of dividends, but you keep shilling it. you are truly retarded

Comfy here

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>he still believes it was all shorts driving up the price
Did they just all simultaneously run out of money to keep driving it up, user?

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Nicely done man!
Out of interest what App is that you are using?

I always thought that if I made it I would go the dividend route. Live off of dividends plus put a small chunk aside for higher risk investments/trading, could even involve rentals, ect but I know I’ll never just stop trading so still need some for that.

Now though I’m getting redpilled I’m not going the dividend route. What’s any advantage to dividends over a ~10% annual gaining ETF like SPY and what’s the disadvantages?

$100 will not happen in fact nothing over $50 will happen, $40 might be though

you genuinely do need to reevaluate your existence if you think that just because dividends pay out some shitty tiny amount it means you get higher returns or "more monies!!!" than spy

i warned you weeks ago about the crash, get out now it will only get worse

Probably gonna jump off AMD. I have a hunch.

Actually looking at Tesla's short volume, I think they might be crashing because Elon ran out of shorts to squeeze, yeah.

Are you still going? If the goal is "beat the Shpee", the best play right now is far OTM gamestop calls for november. If your goal is to get $200 per month to pay rent in Columbia, OTM gamestop calls are not the best play. Is this too much for you? Need me to slow down?

I'd recommend you take some of the ideas you're getting from here and do you own research.
Sit on it for a few days, perhaps come back and ask some more questions; no need to rush.
Getting a safe, reliable return is hard right now so you might get less than you'd expect.
Also keep in mind that there are a lot of degenerate gamblers here trying to justify their own poor choices by getting you to join them.

I'm not too familiar with REITs. If I was looking for a relatively safe and steady income stream, I'd probably go for NOBL.
proshares.com/funds/nobl.html