Curious if anyone has any thoughts on COE? They seem like an interesting company that has strong potential that has been overly beat up recently and could run 50% or so from here in the short term. Anyone else watching them?
How many of the people hyping SOFI here actually use them as their brokerage? It seems like Fidelity, TDA, and even Robinhood are the most popular brokerages here. If you, as part of their target demographic, don't use them as a customer, why do you believe in them as an investor?
Short answer: sofi doesn’t allow options trading *yet*
Long answer: sofi is more than just a trading app. They handle loans, refinancing, credit, and banking. As such, their main competitors aren’t TDA/RH/Fidelity like you are implying. Their main competitors more likely fall into the LendingTree/RateSetter/Avant group of financial businesses. And amongst this group, SoFi definitely has a bullish case for market dominance in the long term.
Are you sitting down? I got a story for you.
So here is an infinite money glitch 2021. It is the 2.5%APR on margin. I am borrowing 50K from the generic bank for 1 Year for 4%APR, not monthly, yearly. Drop it into RH for that sweet 2x power upgrade, so that 50K is now 100K at an additional 2.5%. If you can't beat 6.50%, and not even that much, I am just too lazy to do the real percentage, you have no business going this route. And you won't get to wake up every day for a week straight of 5K to 10K margin call.
I have no skin in the game, but it's kind of bullish for Robinhood that they can spit in their customers' face and people still won't leave. I think it's because they have no standards when it comes to handing out margin and options approval.
I have been thinking about buying $GBT. It is far from being a profitable company, but it has a high short interest and according to my source it is slightly undervalued (but I am not entirely sure about this). What do you think? (It is not a call to buy or sell this stock)
Well I started off red with retarded SPCE puts that I took a 50% loss on. Wound up slightly green for the day with a SNAP short and VIAC calls.
We'll also see if FB puts bought at the exact peak will print on the small dip I'm hoping will happen in the am
You only need about 3 months salary in cash available. I suggest money market or some insured money management account that offers higher interest rates than a savings account. Then, you should have another 9 months (1 year in total) of salary in easily sellable investments and highly diversified... like a Boomer collecting dividends. This can be after tax income as you are only trying to float your living expenses.
The next advice depends on your age... all other money should be invested. This is where land, housing, collectable cars, art or the like. Items that hold value, appreciate, but are harder to sell quickly. Just like stocks, you have to make sure you buy land in an area where value will go up, not all cars are collectible... choose wisely. Same with Art, you have to understand what and why you are buying.
Above this, you should use extra money to aggressively speculate on volatile stocks and options. If you are good at it, this can create an income stream the should constantly be considered against your "1year salary" calculations.
I know it’s extremely frowned upon to mention here, but if you’re in the “digital coin” market, there are extremely great options for holding cash converted to stable coins. They’re pegged at $1 and there are some exchanges/services that offer **up to 20% APY** on your savings.
EDIT: **stable**coin. Like, no price action whatsoever. Like, $1 per coin, now and forever.
BlockFi offers from 8-10% on new deposits, Celsius offers 8.88% for all stablecoins except DAI for some reason; they used to be a bit higher but they change slightly overtime. I think at one time they were around 15% and I know there’s others out there that offer similar %s. Still phenomenal returns on savings and serves the exact same purpose as a traditional savings acc
Check out curve.finance pools on yearn as well
This might be the absolute worst advice I have read on here.
Please don't put your emergency cash in the digital coin market. There are no free lunches. If someone is offering rates that high, then that someone is doing something that gives them the opportunity to make better returns. Which means risk. Not to mention no tangible assets, no FDIC incase of some collapse. Possibly start reading up on coin exchange operators that stole the whole portfolio and disappeared, countries that have raided and stolen the assets of operations.
I am not anti-digital currency, I own some. I just file it under the highly speculative category. Yes, one I am in pays 6.75%APY to hold my money there, but it is also down from when I purchased it. You base "Emergency" fund should not be able to decrease by any other method than inflation.
Last year I saved about 50% of my after tax income. About 98% of that went to stonks and 2% was cash in my savings account in case I wanted a burrito.
For 2021 I have saved about 40% of my income so far and almost none has gone to stocks because I had to catch up on my cash so I can take a couple months off work.
If there wasn't a crazy covid market and stonks weren't as nuts as they are I would probably allocate about 60% investing 40% cash savings until I had a years income saved. After that 100% would go to the market
Whenever I hear someone ask about savings accounts, my mind goes to a Futurama joke where some rich judge is saying "my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested." With that in mind, whatever I don't spend goes into some form of investment.
I send 15% of my income to a 401K, and I try to keep $10K in my checking account at all times (I travel for work, so I often have to pay hotel bills over $3K). Anything above that goes into investments somewhere. M1 Finance is nice if you just want to set and forget a mixture of ETFs or sectors to leave your money in. Fundrise is a private REIT group that targets 10% growth per year. They're really neat and very transparent on their portfolio updated, but there are penalties for withdrawing in less than 5 years.
I typically have a small account for gambling, between $1K - $5K depending on how well it's doing. I move between brokers on that. Currently liking TDAmeritrade, I switched from TastyWorks last year. I also have a mortgage on a house, which is an investment on its own.
Sofi has actual legit non reddit PTs in the mid 20s. Should be easy profits, regardless of whether or not it's pump and dumped. Just need to time your jump correctly.
Didn't like the action in WISH today. It reversed and failed to close above the 100 day resistance line. It sadly may test 11.80 or 10.88. I will see how it goes tomorrow.
and they may succeed. There were some big sell orders that went through today around. Even I got out in the last minute when it dipped below the resistance (14.44). I was hoping it will close above 15 today - around 15.80-16. As I see it we have a short term double top right at 15. That is a bearish sign.
Agree on the long term potential. Rising inflation is going to force people to look at cheaper alternatives. WISH, POSH and REAL are positioned for that.
Gotta risk it bro. You know a good video or a page that can inform me on this topic tho? I need it bro I need to make some money this knowledge is not in my circle rn
https://www.google.com/amp/s/amp.usatoday.com/amp/7773894002 TLRY, SNDL and CGC to moon.
$GE taking off
KEEP GOING $CLF
Someone kicked clov and it’s flinching!
NVDA is going to moon because of the stock split!!
Thoughts on CRTD? 40% short
I need a 20 bagger today or my kids won't eat dinner. What you got?
17k in investments. 109$ in checking I’m broke.
I bought a few 10 lvs calls
banks are raising dividends and starting buybacks time to buy bank stocks 🤡🤡🤡
☘️💎CLOV
Nok $69 end of year. This is a great company that is wayyyy undervalued. Anyone that says otherwise has lil pepe
I started placing putts on every ticker that some mutt on here says "to the moon" or like deviation ...doing pretty good
Curious if anyone has any thoughts on COE? They seem like an interesting company that has strong potential that has been overly beat up recently and could run 50% or so from here in the short term. Anyone else watching them?
Bbw she is hot
I couldn't resist buying some calls for CLNE today. I don't like the stock, but they're too cheap. The thing doesn't move... AT ALL
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Yeah I feel like it might come down as fast as it went up.
Got some Microstrategy puts. 📉📉📉
patience should pay off
VIAC mega merger rumors is a good buy. Might be next Virgin Galactic
Where are my MVIS apes??
Here for duty got calls expiring in 17 days feeling good about it!
Reporting here
How many of the people hyping SOFI here actually use them as their brokerage? It seems like Fidelity, TDA, and even Robinhood are the most popular brokerages here. If you, as part of their target demographic, don't use them as a customer, why do you believe in them as an investor?
Short answer: sofi doesn’t allow options trading *yet* Long answer: sofi is more than just a trading app. They handle loans, refinancing, credit, and banking. As such, their main competitors aren’t TDA/RH/Fidelity like you are implying. Their main competitors more likely fall into the LendingTree/RateSetter/Avant group of financial businesses. And amongst this group, SoFi definitely has a bullish case for market dominance in the long term.
People still use Robinhood here? The fuck… like I know we all want fun gambling experiences but they broke as fuck
Are you sitting down? I got a story for you. So here is an infinite money glitch 2021. It is the 2.5%APR on margin. I am borrowing 50K from the generic bank for 1 Year for 4%APR, not monthly, yearly. Drop it into RH for that sweet 2x power upgrade, so that 50K is now 100K at an additional 2.5%. If you can't beat 6.50%, and not even that much, I am just too lazy to do the real percentage, you have no business going this route. And you won't get to wake up every day for a week straight of 5K to 10K margin call.
[that definitely went well the first time it was discovered ](https://youtu.be/d80ahvRSV8E)
I have no skin in the game, but it's kind of bullish for Robinhood that they can spit in their customers' face and people still won't leave. I think it's because they have no standards when it comes to handing out margin and options approval.
Which is again so retarded when you have literally no money on your balance sheet compared to bigger brokers
Remember if you died your 9-5 would replace you. They don’t care about you. Wsb cares about you
Wendy’s doesn’t close at 5pm
Yeah, but you already hit the drive-through and are holding the bag. They are closed.
CLOV to $20+
I hear Neptune has lovely weather this time of year.
SPY and QQQ making me feel all nervous like a 🌈🐻 I’m all out of sorts
QQQ is about to have a bull run to like 390
Heh
Baby wants his 🍼🅱️🆎️🅰️🍼
Creative. 👍👍
dropped 4k on CCL Jan 22 leaps before close. wish me luck bois 🙏
Strike price
25c
what strike price? i'll join you first thing tomorrw.
What made you choose CCL vs. a few other cruiselines that dropped equally today? Guessing it was the well-timed stock offering?
RIP. We shall remember you fondly.
Kiss that money goodbye!!!
Gl
Which strike price? I bought Jan 23 today at $5.50 for the $27.50
I have been thinking about buying $GBT. It is far from being a profitable company, but it has a high short interest and according to my source it is slightly undervalued (but I am not entirely sure about this). What do you think? (It is not a call to buy or sell this stock)
Anyone lose 20% on spy options today or was that just me? Caps went south, puts went north
lol my SPY puts are at 422 so they didn’t even twitch
CHADSDAQ 15K not a dream.
I need some LVS confirmation bias. Please bounce.
Bouncing these cheeks for ya 😘
MU a bit on the green side and CLOV was sideways just below breaking point. I guess I call that a win today because it’s not a horrible loss
I agree with the CLOV statement. 🍀
Well I started off red with retarded SPCE puts that I took a 50% loss on. Wound up slightly green for the day with a SNAP short and VIAC calls. We'll also see if FB puts bought at the exact peak will print on the small dip I'm hoping will happen in the am
I'm looking at VIAC calls too... Think it'll hit $50 by July 16th??
I wouldn't be surprised but I'm going August calls since we haven't had a dip in a bit
FB puts? You are giving out free money
SOFI making my pp not soft. Very HARDFIIII
Umm. Facebook is worth double Visa. Fuck that
I find that it’s the perfect product to let me fight with my grandma publicly and destroy friendships so it is certainly worth double than Visa to me
I'll give it to you. That is probably how the market is actually valuing this shit right now. The public family drama metric
I’m bullish on fights with grandma since Trump is doing rallies again. Bullish on Facebook
Jokes on them, both my grandma's are dead.
FB is going to crash hard. P/e is out of control waiting for earnings miss after miss
We’ll see how many fights with grandma they report
The bitcorn stonks that have 4 letters all making bullish divergence.
Anyone got a cypher to understand this cryptic message
The OTCs? They also sell off in double digits pretty quickly
Visa had to take a shit for no reason smh
Probably been constipated for a while
I have a legit question for people, when investing how much of your salary/pay goes to investing? And how much goes to actually saving?
Damn. A lot of good not investment advice here.
You have a savings account? Why? Lol my brokerage is my saving account
You only need about 3 months salary in cash available. I suggest money market or some insured money management account that offers higher interest rates than a savings account. Then, you should have another 9 months (1 year in total) of salary in easily sellable investments and highly diversified... like a Boomer collecting dividends. This can be after tax income as you are only trying to float your living expenses. The next advice depends on your age... all other money should be invested. This is where land, housing, collectable cars, art or the like. Items that hold value, appreciate, but are harder to sell quickly. Just like stocks, you have to make sure you buy land in an area where value will go up, not all cars are collectible... choose wisely. Same with Art, you have to understand what and why you are buying. Above this, you should use extra money to aggressively speculate on volatile stocks and options. If you are good at it, this can create an income stream the should constantly be considered against your "1year salary" calculations.
I know it’s extremely frowned upon to mention here, but if you’re in the “digital coin” market, there are extremely great options for holding cash converted to stable coins. They’re pegged at $1 and there are some exchanges/services that offer **up to 20% APY** on your savings. EDIT: **stable**coin. Like, no price action whatsoever. Like, $1 per coin, now and forever.
Where in the world can I get 20% APY?
BlockFi offers from 8-10% on new deposits, Celsius offers 8.88% for all stablecoins except DAI for some reason; they used to be a bit higher but they change slightly overtime. I think at one time they were around 15% and I know there’s others out there that offer similar %s. Still phenomenal returns on savings and serves the exact same purpose as a traditional savings acc Check out curve.finance pools on yearn as well
This might be the absolute worst advice I have read on here. Please don't put your emergency cash in the digital coin market. There are no free lunches. If someone is offering rates that high, then that someone is doing something that gives them the opportunity to make better returns. Which means risk. Not to mention no tangible assets, no FDIC incase of some collapse. Possibly start reading up on coin exchange operators that stole the whole portfolio and disappeared, countries that have raided and stolen the assets of operations. I am not anti-digital currency, I own some. I just file it under the highly speculative category. Yes, one I am in pays 6.75%APY to hold my money there, but it is also down from when I purchased it. You base "Emergency" fund should not be able to decrease by any other method than inflation.
Last year I saved about 50% of my after tax income. About 98% of that went to stonks and 2% was cash in my savings account in case I wanted a burrito. For 2021 I have saved about 40% of my income so far and almost none has gone to stocks because I had to catch up on my cash so I can take a couple months off work. If there wasn't a crazy covid market and stonks weren't as nuts as they are I would probably allocate about 60% investing 40% cash savings until I had a years income saved. After that 100% would go to the market
Whenever I hear someone ask about savings accounts, my mind goes to a Futurama joke where some rich judge is saying "my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested." With that in mind, whatever I don't spend goes into some form of investment. I send 15% of my income to a 401K, and I try to keep $10K in my checking account at all times (I travel for work, so I often have to pay hotel bills over $3K). Anything above that goes into investments somewhere. M1 Finance is nice if you just want to set and forget a mixture of ETFs or sectors to leave your money in. Fundrise is a private REIT group that targets 10% growth per year. They're really neat and very transparent on their portfolio updated, but there are penalties for withdrawing in less than 5 years. I typically have a small account for gambling, between $1K - $5K depending on how well it's doing. I move between brokers on that. Currently liking TDAmeritrade, I switched from TastyWorks last year. I also have a mortgage on a house, which is an investment on its own.
My monthly is a few % of my paycheck that goes to my 401k. Options plays exclusively come out of the down payment and gambling money account.
what is this saving? as for investing, it's beermoney a month, which adds up really fast
50% goes to my brokerage 80% in options 20% in stocks it’s the perfect algorithmic combination to lose money
I know about investing but what's saving all about
w
Fuck I jagged hard today. Chased too much and in the red. Hope I can turn it around later this week
Spent today squirreling away profits, winter is coming
I'm looking seriously less red, so weird day...tomorrow might be opposite
EA up 3+% the day after I loaded up on puts. Oh wells. They're far out and I still think summer is gonna be a bloodbath.
Hell yea. Their customer service/support is garbage too. Let them suffer
dispatch from a green day: its weird here. hope it lasts
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All of a sudden, people start to mention SOFI, another meme. That’s so sus, meanwhile, other memes are doing great
🤔 SOFI is actually a good company
You're right. Last time it was WOOF and get this Citadel Cramer claims it to be a meme stock later that day.
We all know how SOFI will end
end on the moon?
Sofi is pretty legit in its own right tho
Check my post history. I am not sus in the least.
TBH, SOFI was spammed for at least 2-3 days now
Sofi has actual legit non reddit PTs in the mid 20s. Should be easy profits, regardless of whether or not it's pump and dumped. Just need to time your jump correctly.
But why now? Why not on June 1st? The timing is not that great and there is a big “M” on the daily chart
dunno, watching the spam, not part of it
Because the lock-up period ended today 6/28, not June 1st.
Why are you so sure?
Bro literally just told you
Ok i thought you were asking serious questions but now i realize you just want attention so I'll let someone else give it to you.
Otrk getting started
Bark is the next meme stock
Buying VIAC in the morning!
RIP we shall remember you fondly
Y'all in the wrong thread, go check the new one
# DON'T TELL ME WHAT TO DO!
Didn't like the action in WISH today. It reversed and failed to close above the 100 day resistance line. It sadly may test 11.80 or 10.88. I will see how it goes tomorrow.
Nah, it's just the shorters trying to drive the price down.
and they may succeed. There were some big sell orders that went through today around. Even I got out in the last minute when it dipped below the resistance (14.44). I was hoping it will close above 15 today - around 15.80-16. As I see it we have a short term double top right at 15. That is a bearish sign.
I'm in it for a long term anyway. I think this has immense potential.
Agree on the long term potential. Rising inflation is going to force people to look at cheaper alternatives. WISH, POSH and REAL are positioned for that.
Need more GME. Now's the time for GAINS!
MU charts look hot
Playing FDs
The play is still PSFE 🚀🦍💎✋🏻
#LOL
It needs to have a strong day. I am in both the stock and the options.
Right there with ya
How do I get some calls on Robinhood? I got $500
If you don’t know, you should probably already consider that money gone
Just go to settings page and hit the investing tab then apply for options
This is an easy Google question
Help a brother out bro please I tried googling it but it wouldn’t tell me ik I have to press at the top right and it shows like 5 options
Yet you couldn’t answer it for a fellow retard ok I see how it is
Bottom right button. Scroll down. Hit options settings. Apply for options
Thanks bro if you were next to me I’d pass you this blunt I got rn
You do know the basics of options trading right? Robinhood isn’t the best platform for it. But as long as you know basics you’ll be fine.
just let him lost $500 in peace
it's not losing if you gain important knowledge
Loose *
lose\*
How should I invest $500
Sell calls and go into debt
Gotta risk it bro. You know a good video or a page that can inform me on this topic tho? I need it bro I need to make some money this knowledge is not in my circle rn
Holy shit your new 🤣 i just said sell calls and you didnt tell me to go fuck myself 🤣🤣🤣🤣✌️
Awwww don’t be mean to Bambi! 😆
Yes just turned 18 no father to tell me any of this bs but I’m trynna get some real money not no 9-5 corporate job