Stock Market is the bottom in?

[Foggy47]

Yes, it is the best I've got...I Forrest Gumped into it and made big, really big. I feel like it was if I was able to buy Gamestop in the early stages and got out before it busted.
Making well over 300K in it in less than a year might not be a big deal to you, but it is to me in my little bubble.

What I said came off a bit harsh. I apologize......I was just pulling your chain a bit. That large investment and it's payoff is huge. Congrats on a good pick. Wish I had a fund that did that last year.

 

[PatinPA]

Haha I just sold most of mine. Hoping it dips in a few days when people are cashing in again and I'll rebuy it. I just couldn't pass up an 88% profit. Did the same with crowdstrike.

Haha well this was dumb. Although I'm not going to be too sad about an 88% profit. I pumped it back into Palentir so hopefully I can make a lowly 88% on that too.

 

[BuckSutherland]

Broadcom (AVGO)= almost hit $250. It was $180 last Friday

SOFI= just hit $17. I'm finally up on it. By far and away the largest position I have ever taken

TSLA= hit $460. It was about $250 on election night

Bitcoin= $107,000+



BIGLY gains since the election continue for me...... I dont wanna sell anything before end of the year. Have a feeling others are thinking the same. Possibly some selling pressure after Jan 1??

 

[jsasker007]

Things have been going so good lately I don't want to change a thing, not even my socks.

 

[H20fwler]

What I said came off a bit harsh. I apologize......I was just pulling your chain a bit. That large investment and it's payoff is huge. Congrats on a good pick. Wish I had a fund that did that last year.

We are all good brother!
I know that you guys on here know way more about the stock market than I ever will.

I’m no gambler at all, but I thought I saw something and took a big chance and got lucky. It sure could have gone the other way.
I was nervous as shit for about six months watching it almost every day.
I’ll never do anything that extreme again, it sure is something I’ll look back on and smile though.

I’ve got everything scaled back and diversified more conservative now…..


But that was a hell of a run!

 

[PatinPA]

Broadcom (AVGO)= almost hit $250. It was $180 last Friday

SOFI= just hit $17. I'm finally up on it. By far and away the largest position I have ever taken

TSLA= hit $460. It was about $250 on election night

Bitcoin= $107,000+



BIGLY gains since the election continue for me...... I dont wanna sell anything before end of the year. Have a feeling others are thinking the same. Possibly some selling pressure after Jan 1??

Etherium is up 50% too, over $4000 a coin now.

 

[Foggy47]

We are all good brother!
I know that you guys on here know way more about the stock market than I ever will.

I’m no gambler at all, but I thought I saw something and took a big chance and got lucky. It sure could have gone the other way.
I was nervous as shit for about six months watching it almost every day.
I’ll never do anything that extreme again, it sure is something I’ll look back on and smile though.

I’ve got everything scaled back and diversified more conservative now…..


But that was a hell of a run!

I really own a conservative bunch of stocks. Some have had some decent gains over time....but I have not owned a fund (or a group of stocks as a whole) that has performed as you did via that fund this year.....at least in a long time. Congrats!

Back in the 80's and 90's I was exclusively in funds. And in those times I had some great run-ups in value. One big one was by accident.....as when I bought an International Fund.....I did so just kinda "gambling'. Well.....I got busy and never paid attention to it.....until one day I saw the valuation. I don't remember how much it had gained anymore.....but it was much like you did this year. Was glad to cut and run on that stock too....as a year or so later....it was getting hammered.

 

[BenAllgood]

FBCGX that I pointed out eight months ago.....+44.73% this year.
I got in heavy in late Jan in it, I've made three times my salary with it this year even after pulling back some in June.

I have that one too. I didn't see quite the rate of growth you did because mine was "watered down" by some other funds I hold. But, it was a great year for me as well.

 

[Hoytvectrix]

I don't really day trade and of the investments I make, I typically am a person that believes time in the market always beats timing the market.

With that said, if you are at all curious about how bitcoin is doing now compared to previous market cycles, this is a really good summary video:

I have been following this guy for the last four years or so. He is not a crypto bro or anything like that. He doesn't make predictions or push memecoins, but does like to look at past cycles. And like I said, I typically just buy and hold if I believe in something. This video just kind of summarizes the bitcoin market cycles, which happen about every four years or so.

 

[jsasker007]

I've been adding as much RGTI and QBTS as I can lately. I think quantum computing is the next big thing and once it's combined with AI that will be the money maker. jmo

 

[PatinPA]

I've been adding as much RGTI and QBTS as I can lately. I think quantum computing is the next big thing and once it's combined with AI that will be the money maker. jmo

Oooh I just stumbled onto QBTS. Up 60% since I bought it.

 

[jsasker007]

Oooh I just stumbled onto QBTS. Up 60% since I bought it.

There's several different quantum stocks kinda like AI as far as flooding the market with different stocks but not all of them will be around in the future. Figuring out which stocks are for real and which ones are just making money from the names and the claims is not real easy. The 2 I mentioned have been doing VERY well for me so far. That can always change but for now I'm liking the quantum push.

 

[hunts_with_stick]

IDK, beginning to feel like 2008 all over again.

 

[rocksnstumps]

Feels sorta like a dot.com bubble to me vs 2008. Damn I hope not. The 2000s "lost decade" was painful enough during the accumulation phase and seeing my account balances lower end of year even with all my year long 401k contributions. Now past my contribution yrs and living off investments no new bucks flowing in so asset allocation is about the only way to preserve some level of capital when things go south. That drags on return in high flyer years but let's one sleep better waiting for the next downhill rollercoaster down for awhile.

 

[hunts_with_stick]

Feels sorta like a dot.com bubble to me vs 2008. Damn I hope not. The 2000s "lost decade" was painful enough during the accumulation phase and seeing my account balances lower end of year even with all my year long 401k contributions. Now past my contribution yrs and living off investments no new bucks flowing in so asset allocation is about the only way to preserve some level of capital when things go south. That drags on return in high flyer years but let's one sleep better waiting for the next downhill rollercoaster down for awhile.

Yeah, good point. It is more like the dotcom bubble.

 

[jsasker007]

You guys thinking we're heading for a crash?

 

[jsasker007]

I just started investing on my own about 5 years ago so I don't really have any experience with any serious ups and downs other than covid. Covid bringing most stocks down to a small percentage of what they were worth is what got me going on doing it myself. Have had a simple IRA since I was 22 I believe and it's doing ok but I can definitely make more money on my own. Pretty sure I care more about my own money than some broker who just puts people in cookie cutter portfolio's. jmo

 

[Telemark]

I just started investing on my own about 5 years ago so I don't really have any experience with any serious ups and downs other than covid. Covid bringing most stocks down to a small percentage of what they were worth is what got me going on doing it myself. Have had a simple IRA since I was 22 I believe and it's doing ok but I can definitely make more money on my own. Pretty sure I care more about my own money than some broker who just puts people in cookie cutter portfolio's. jmo

Just make sure to keep your stop-loss orders updated and you should be fine. Make sure to diversify or hedge if you're new to it.

 

[Howboutthemdawgs]

You guys thinking we're heading for a crash?

For whatever it’s worth i don’t. Not sure where the signs are pointing that way but I’m open to hearing the other side. People have been calling for crashes every year for the last 100, every now and then they are right but more often than not they aren’t.

 

[Brian662]

For whatever it’s worth i don’t. Not sure where the signs are pointing that way but I’m open to hearing the other side. People have been calling for crashes every year for the last 100, every now and then they are right but more often than not they aren’t.

Certainly signs point towards optimism but it just seems like everything is so jacked up and expensive right now that there will be an inevitable decline. To your point, that could be said most years but it does feel like a 25% gain on the index in one year is extreme.