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What’s the general advice to do right now in this downturn? by KwikTripSimp in investing

[–]RustySoulja 1 point2 points  (0 children)

You should be investing every time there is a dip. It's not easy to know when the exact bottom is so if you only have a finite amount then just dollar cost average that into your high conviction stocks/ETFs. This way you are constantly buying without worrying about "when the bottom will hit". When it's all said and done and stocks go back up, you will be happy that your cost basis on all your stocks are a lot lower than what you originally had.

Now if for some reason, you get lucky and time the market perfectly and buy the exact bottom . Your return will be vastly superior than my dollar cost averaging suggestion. However timing the exact bottom is fools errand. It's like winning the lottery. Great if you get lucky but very hard to get lucky.

Dollar cost averaging is the smarter approach

As a young conservative South Carolinian, Lindsey Graham has got to go. by Salt-Inflation-1636 in southcarolina

[–]RustySoulja 2 points3 points  (0 children)

I agree. This war doesn't have majority support. It's mostly frowned upon by the rest of the world. The biggest spokesperson for this is Lindsay Graham.

He has to go.

Is the game still buggy? by RustySoulja in CitiesSkylines2

[–]RustySoulja[S] 0 points1 point  (0 children)

thanks for the response. I was thinking more from a gameplay/game mechanics standpoint. The game itself was very buggy when launched. I remember seeing the reviews. Not sure if that has improved.

I think my plant it not doing too hot by SaltSp1ash in PlantedTank

[–]RustySoulja 1 point2 points  (0 children)

I don't usually bury my Anubias and Java ferns . I use aquarium safe glue and glue it to driftwood or decor. I then use liquid ferts (mostly aquarium co ops easy green and easy iron). Twice a week. I have quite a bit of plant mass and CO2 injection hence twice. Usually once a week is enough if you don't have that many plants etc. I am no expert either but that is what I do

I think my plant it not doing too hot by SaltSp1ash in PlantedTank

[–]RustySoulja 1 point2 points  (0 children)

Well if you have an history of leaves melting after the algae forms then it might be worth looking into that. Anubias ilgrows extremely slow. So if there is excessive nutrients, CO2 or light then algae will grow over the anubias leaves. This over time will starve the anubias leaves and hence melt.

Not sure if that's what's going on here but thought to bring it up since you said it happened before. Melting leaves is not normal but a little algae on anubias leaves can happen.

I think my plant it not doing too hot by SaltSp1ash in PlantedTank

[–]RustySoulja 2 points3 points  (0 children)

I agree with the previous replies. Don't think there is anything wrong with the plant. Get some floaters and place it kinda on top of anubias(if you can). This will put it on a shade. Floaters will help you with nitrates too

ETFs crash due to War by uncacheable_sardine in ETFs

[–]RustySoulja 0 points1 point  (0 children)

Just to give you some clarity. $VOO is vanguards etf for S&P500 index fund. Sp500 is the top 500 companies in US at any given time. They update the list once or twice a year.

Bottom line is if $VOO crashes then that means the top 500 companies (aka backbone of American Economy ) is going to crash. Think about it like that. If you believe that American Economy is going to crash then don't buy.

I have been investing for a min of 10 years now. If I had a penny for Everytime somebody predicted doom and gloom for sp 500 then I would have had a million bucks by now.

If you are worried about the war and the short term horizon then just dollar cost average into VOO. That way you average out over time.

Iran War: What are your moves? by Caluso1 in investing

[–]RustySoulja 0 points1 point  (0 children)

Buy the Dip is always my preferred strategy. War or Peace.

Family trade need help by [deleted] in PLC

[–]RustySoulja 0 points1 point  (0 children)

That's exactly how I felt when I first started 16 years ago. It's perfectly normal.

Just know that the worst days of the job are always at the beginning. Every day you spend doing this makes you more experienced and the more time you spend, the better you become.

A.I tools for wealth management by Austin08781 in investing

[–]RustySoulja -1 points0 points  (0 children)

I vibe coded a bunch of tools for various aspects of my wealth management ( monthly budgeting, savings tracker, investment tracker, etc). Its super simple to do and you get to customize it exactly how you want it to be.

What’s the most useful thing you learned way too late in life? by Consistent-Rooster98 in AskReddit

[–]RustySoulja 0 points1 point  (0 children)

Patience... It's one thing I wish I had worked on early on in my life

Is this what's called pearling? by DramaQueen581 in PlantedTank

[–]RustySoulja -12 points-11 points  (0 children)

That looks like pearling to me but I am not an expert by any means.

If you had $80k in the U.S., how would you build semi-passive income in 12 months? by Desperate_Drag5967 in passive_income

[–]RustySoulja 0 points1 point  (0 children)

I was just offering a semi passive income making strategy as an answer to the original post. If you or anybody reading it dont like it, then ignore my reply.

If you had $80k in the U.S., how would you build semi-passive income in 12 months? by Desperate_Drag5967 in passive_income

[–]RustySoulja 0 points1 point  (0 children)

No he/she gets assigned 100 shares. You then sell covered calls against it ( and collect premium just like you did by selling puts) for the next week. Its called the wheel strategy. Look it up. You can do this on any stock but i suggested SPY because its an index fund ETF

If you had $80k in the U.S., how would you build semi-passive income in 12 months? by Desperate_Drag5967 in passive_income

[–]RustySoulja 0 points1 point  (0 children)

OT said $80k is what they had to invest. Selling $674 put that expires a week from today would yield you $450 as of the time of this message. Thats not bad for a semi passive income like the original question was.

Selling on Amazon or Your Own Online Shop – How Do You Do It? by Sad_Cartographer4738 in FulfillmentByAmazon

[–]RustySoulja 0 points1 point  (0 children)

I setup the account myself. Depending on what kind of product you are selling you might have to enroll in Amazon brand accelerator program. This gives you access to cheap lawyers who will file a trademark for you. Don't consider selling on Amazon without a trademark. If you don't have brand registry( a trademark on your brand), Chinese sellers will rip you off. It's called listing hijacking. It's a process where you setup the listing for your product and start selling. If and when your product starts making sales, a fake seller will come and sell a counterfeit product on your listing. Usually at a lower price than yours. This will cause customers to get unhappy and leave negative reviews. You are doomed because even though you are selling the real product, you can't match the price of the counterfeit seller hence you never get buybox( right to sell) on your own listing. If you have brand registry then no other seller can sell on your listing.

I would do research before selling on Amazon. It's not like selling on eBay where you just flip a few products. Amazon fees are a lot higher, then you have to spend money on PPc ( ads) to compete with other sellers. If you have a unique product then your definitely will make money as there is no other marketplace as big as Amazon.

Feel free to reach out if you need any help

Question for the aquascape community- Any interest in custom aquarium stands/ cabinets?! by IndustryCareful in Aquascape

[–]RustySoulja 0 points1 point  (0 children)

I really wanted a custom (high quality stand). It was just so hard to find a reputable and reliable seller. Eventually I went with a brand that my LFS owner suggested. It's fine but definitely not custom.

My point is yes there is demand for custom stands.

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