Then along comes Poor Richie the Uber driver, who thinks his strawmen are really scoring big. lol
Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
- Thread starter Guno צְבִי
- Start date
Then along comes Poor Richie the Uber driver, who thinks his strawmen are really scoring big. lol
Actually I said I buy them long term myself, idiot, but you're so flustered and confused you can't read.
It seems you still think your idiot googling paid off or something.
lol more strawmen and idiot babbling. And why would anybody mention ThinkorSwim??? More google scholaring of yours that resulted in nonsense. I idn't mention what color socks I was wearing either , idiot.
That would have been Abraham Lincoln and his greenbacks.
Greenback (1860s money) - Wikipedia
Republicans like to forget they invented most of the economic policies they now snivel about. The railroads and banks have always been the 'innovators' when it comes to corporate welfare and 'corporate personhood'.
I already said, but I will say it again. Back when trump was announcing tariffs against Canada and Mexico, and then postponing them, I noticed that everyone else was treating it as if trump had said that he was not going through with them. I thought about it for a week, and realized that trump had just said he would postpone the chaos for 30 days. I bought SPY(a S&P500 ETF, and a good proxy for the market in general) Put Option at $585 for an average $1.98 with 5% of my portfolio. When trump went through with the tariffs, the S&P 500 began collapsing, and I started raking in the money. I have gone on to make similar investments, though honestly people are growing used to trump's failure, and it is getting more expensive to buy bearish options.
Anyway, Friday was the type of insanity that comes along once in a lifetime. On one level, I wish I had put in more, but on the other level more would have given me a heart attack.
WHAT IS NEXT??? The S&P 500 has to drop to 4,917, and it will be a bear market. I do not know how much further it will drop from there. I am waiting for trump to announce his next stupid move.
I only buy stocks that pay dividends, and only stocks I'm going to buy. Same with options on those stocks. I make money off of morons, not 'bets against America'. lol that's just a silly narrative. You probably don't realize what is going on with these computer trades and hedge funds and their over-buying, and the morons who rely on somebody else to manage their gambling bets like idiots.
I miss TD Ameritrade. I was a "preferred customer" at TD Ameritrade, but at Schwab I am just a normal customer.
I do sometimes use ThinkOrSwim, but many times find it overwhelming on my cell phone, so many times use just the regular Schwab App. I tried trading on Robinhood, but hated it. The Schwab App has option chains, which is the basic thing you need. Honestly, I am still trying to learn ThinkOrSwim on the cell phone. I never thought I would be trading options on a cell phone, and it is an adjustment.
I have been doing the simplest puts and calls, mostly puts, and making good money. The secret is to always realize you could lose it all at any time, and put some of the money away.
That being said, back in the day I did various spreads, and even a few long iron condors.
A few years back, I thought I would quit options trading for good, but then trump came along, and I am back.
Not completely unreasonable, but sometimes stocks pay dividends as they die, and I would not buy options based on the underlying stocks dividends, because options do not pay dividends, so it does not directly translate.
I was going to just buy two broad stock mutual fund, one domestic, the other foreign, and a little in bonds(specifically Treasury obligations). I picked Schwab's SWTSX (70%), SWISX(20%), and SCOXX(10%). 90/10 split is aggressive, but I found that in the lead up to huge stock crashes, usually the price of stocks goes up, and therefore the amount of money in bonds goes up. When the stocks crash, even if it is much more than 50%, it only becomes 50% because of the 10% in bonds.
I was going to ride that simply strategy for the rest of my life, and then trump came along.
Want to know the secret to making money off a bubble or even a ponzi scheme? Take half your gains and put them in a relatively safe investment. Right now, I could have all my options lose everything, and I would still be up massively from when trump started this all.
If you own stocks, your portfolio didn't gain 20% this last week like you claimed.
Your ignorance is showing. Trading platforms are important to trade.
Guno צְבִי
We fight, We win, Am Yisrael Chai
I left the market 2 months ago
Yeah. ThinkorSwim is really geared for a large screen because of the various windows you can have open and see everything at once without switching screens.
Dutch Uncle
* Tertia Optio * Defend the Constitution
Oh, Legina, you know you want my penis just as you should know who's the CEO of the Dutch Fan Club. It's in your signature, silly. LOL
Now squeal like a pig!
BartenderElite
Verified User
So, the vast majority of Americans are fools.
Or, they're just crazy busy w/ work, their families & their lives. Most people I know have lives that are packed - they don't have time to play the market. They put their money in 401k's & retirement funds, and hope for good governance.
Even if tariffs are the right idea - the way this admin has implemented them is not. Millions of Americans are changing their retirement plans right now. We can either call them stupid - or correctly say that the admin didn't think this through & is being careless w/ the money and dreams of hard-working middle class Americans.
It is difficult for me to adjust to doing all this on a cell phone, but I am learning. It seems to come naturally to the younger people.
That was probably smart.
The scary thing is you can never completely leave all the markets. You always need to park your money somewhere. For instance, you could have your money in short term Treasurys, which would normally be considered the safest thing on Earth... But trump loves defaulting on things, and even though it should be impossible to default.
That literally keeps me up at night.
Guno צְבִי
We fight, We win, Am Yisrael Chai
I have some individual stocks and bonds Israeli and U.S.
Fag bitch. You disgust me. No wonder the Marines booted your lame ass.
Dutch Uncle
* Tertia Optio * Defend the Constitution
Into the Night
Verified User
And you unfortunately never benefited from his advice.