221–230 of 250 posts
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Welcome to gambling.
I very very rarely go for a risky investment. I am what is referred to as a grinder. I am averaging about 16% YTY return for the last 20 years (and much better than that the last 5, obviously). The trick... undervalued or momentum stocks that suddenly have big interest. Spot the trend and go with it (swimming in the big fishes wake). It's OK to exit AFTER the movement breaks... never be greedy. Never cry about the pr…
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Most discussion around $GME takes place on r/Superstonk these days anyways. Can't remember why it was banned from WSB. Something to do with the new mods I believe.
I will be your WSB historian. Two folds to the story - WSB Side WSB mods alleged the sub was suffocating with the GME and subsequent squeeze stock posts and shitty memes. I made couple memes myself but after the weeks to come WSB was inundated with all the memes centered around this one topic. WSB is a general investment subreddit that took a turn towards GME everything. Another problem was GME's foundational investm…
I have confused the GME subreddit with WSB on the point about the child moderator.
https://www.reddit.com/r/Superstonk/comments/mkdpk3/plumdrag...
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Also WSB discontinued the daily GME thread and people moved (refugee-d) to superstonk.
https://www.reddit.com/r/Superstonk/comments/ms8681/rwallstr...
It was a weird, fun ride. My writing partner Lutz and I work in tech, but have a real passion for filmmaking. We lost some money on $GME, so we had to tell the story from our point of view. The result is STONKS, a comedy/drama feature screenplay [0], fictional but inspired by the GME events, and a love letter of sorts to WSB. We queried Hollywood producers but were ignored; we shared on WSB itself but we were insta-b…
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Do you think it's important to acknowledge that you got lucky with a gamble? If you have kids, would you advise them to make a similar move as you did, in the hopes that they also get lucky and win big? If not, advertising only the benefits of your choice just lures desperate people who will statistically lose their investments.
It wasn't luck, it was a well researched and well played short squeeze with a gamma squeeze before that. I made my money on the gamma. I used to be a trader (series 7 and 63) and knew what I was doing.
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> Who needs this, and why? Investors (as opposed to speculators) and anyone interested in general economic efficiency. After the IPO, a stock ultimately represents a claim on a future revenue stream, and as such the "proper value" would be the (proportional) NPV of the company's future income. To the extent the market price doesn't reflect this, it represents inefficient allocation of investment resources. Unlike bon…
Is it crazy to think dividends should be a requirement for companies after so many years or face delisting? Along with flipping the taxes of capital gains vs dividends.
Loosely, I think corporations should have a progressive income tax based on net income (defined in such a way as to prevent Hollywood-style games) or maybe market cap, to disincentivize getting huge and to encourage divestment. Dividends, I believe, usually already have a nominally lower tax rate than capital gains, but the fundamental problem is related to compounding. I therefore think the capital gains rate should be much, much higher and the dividends rate probably somewhat lower.
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You should check it out again. We recently restricted memes to Friday afternoon to Sunday morning and the context is almost all text now.
I can't figure out if this is sarcasm or an actual response.
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> If anything, selling short needs to be made easier as it represents an essential corrective I disagree since that would give people decision making capabilities who are the least qualified to do so. > And this ultimately serves the greater good too You can believe that but you also don't have to. We don't have to lie to ourselves. Stocks are highly emotional and investors regularly overpay when they buy into hype.…
> I disagree since that would give people decision making capabilities who are the least qualified to do so. It's unclear why investing in the belief something is overvalued demands a different or larger set of decision making capabilities than the belief is it undervalued.
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It wasn't luck, it was a well researched and well played short squeeze with a gamma squeeze before that. I made my money on the gamma. I used to be a trader (series 7 and 63) and knew what I was doing.
Don't take this the wrong way, but if you worked as a trader and knew how to how to identify and research these opportunities, then why were you paying car, house, and student loans for 35 years until the GameStop opportunity came around?
All around, he doesn't seem like he knows how to manage his money.
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It wasn't luck, it was a well researched and well played short squeeze with a gamma squeeze before that. I made my money on the gamma. I used to be a trader (series 7 and 63) and knew what I was doing.
Don't take this the wrong way, but if you worked as a trader and knew how to how to identify and research these opportunities, then why were you paying car, house, and student loans for 35 years until the GameStop opportunity came around?