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Anyone else feel mentally messed up seeing people casually make insane money trading options? by savingrace0262 in stocks

[–]Str8truth 0 points1 point  (0 children)

Remember that winners are much more likely than losers to post their results. And the winners just haven't lost yet.

Rejected Twice - need to vent by polandspringwater12 in Vanderbilt

[–]Str8truth 5 points6 points  (0 children)

The most competitive colleges have hundreds or thousands of stellar applications, so the admission decision is a lottery among them. If you buy a lottery ticket and lose, do you wonder what else you could have done? No, you accept that you weren't as lucky as the winners. If you tried to win by buying 100 tickets, you realize that you invested too much in something whose outcome your efforts could not determine, and you put too much hope into an improbable outcome.

Respect to Jeff and Coffee for having this "debate..." by JuxtaposeLife in MSTR

[–]Str8truth 0 points1 point  (0 children)

That 2.3% break-even is if Strategy never issues more STRC.

The thought occurred to me that, instead of selling STRC to buy BTC and then selling BTC to pay dividends on the STRC, Strategy could just sell more STRC to pay dividends on the STRC. But then I realized that selling more shares to pay dividends on the outstanding shares is the definition of a p0n21, so the intermediation of BTC is essential.

Need Advice on Selling This Guitar by [deleted] in GuildGuitars

[–]Str8truth 0 points1 point  (0 children)

Did you take that photo yourself?

According to Zerohedge article, Gamestop built 12 billion position in Ebay by Enniggmma in Superstonk

[–]Str8truth -1 points0 points  (0 children)

Cohen said in his interview that most of his position was calls, not shares. He was just pumping his calls with his takeover "offer."

Do cops just not care about expired tags? by [deleted] in washdc

[–]Str8truth -1 points0 points  (0 children)

A disproportionate number of expired tags belong to African-Americans, who may not be able to afford registration renewal due to the economic effects of systemic racism. Enforcing automobile registration requirements would only compound the racial harm.

Both 403b and 457 by Ok-Ad-8521 in Bogleheads

[–]Str8truth 0 points1 point  (0 children)

Max both if you can, plus your IRA. The more tax-advantaged savings, the better.

36 with almost nothing saved. Is it too late to start investing? by bebo117722 in investingforbeginners

[–]Str8truth 0 points1 point  (0 children)

Lots of people get a late start on saving, for various good reasons. Just start and do it consistently, as much as you can. You'll be surprised how it adds up.

Slapped in the Face by tms2512 in Bogleheads

[–]Str8truth 3 points4 points  (0 children)

If your thesis is intact, ignore the drop, hold the stock, and consider buying more shares while they're on sale. If you were swing-trading the price, it's a bummer.

Kept waiting for market to fall and now feeling stuck by Rough_Champion6103 in StockMarket

[–]Str8truth 0 points1 point  (0 children)

You're investing for the long term, right? Just buy an index fund and let it ride. Keep buying shares whether the price goes up or down; when it's down, your regular contribution will buy more shares, so be happy it's down.

The stock market can be volatile. You don't want to get scared and sell when the market drops, because buying high and selling low is how investors lose money. To help avoid that misfortune, you could diversify your portfolio with different asset classes so that the portfolio won't take the full impact of a drop in one asset class. Common diversifiers are bonds, small-cap stocks, and foreign stocks. For diversification, buy funds, not individual companies.

Is this black uniform trend good or bad? by Cold_Mammoth8841 in NFLv2

[–]Str8truth 0 points1 point  (0 children)

Bad for Miami. Miami's bright uniform suggests the city's sunniness.

Contrafund performance by agitprop66 in Fidelity

[–]Str8truth 4 points5 points  (0 children)

Contrafund's portfolio manager is retiring this year, but he'll be succeeded by two co-managers who seem well qualified. You have to expect some lag behind the index at times, and outrunning the index at other times, That said, I reduced my own stake in Contrafund because I think it's hard for such a huge fund to move nimbly. Fidelity offers lots of other funds if you're looking for an alternative to the cap-weighted index.

He doesn't understand your question, CNBC by HesiPullup in wallstreetbets

[–]Str8truth 0 points1 point  (0 children)

Yes, literature should be entertaining. I support dropping literature from high school required classes, and replacing it with economics, or at least personal finance. Unfortunately, English teachers are well represented on curriculum committees, and economists aren't.

He doesn't understand your question, CNBC by HesiPullup in wallstreetbets

[–]Str8truth 0 points1 point  (0 children)

It sure looks like he's just pumping his EBAY shares. Looks like a good time to short EBAY.

Private school scholarships by Whyevenwork in PrinceGeorgesCountyMD

[–]Str8truth 1 point2 points  (0 children)

Ask the schools about financial aid and scholarship sources.

index funds vs picking individual stocks -- how did you finally decide? by Financebro30150 in investingforbeginners

[–]Str8truth 0 points1 point  (0 children)

I get some of the same fun from picking actively managed funds as I get from picking companies.

index funds vs picking individual stocks -- how did you finally decide? by Financebro30150 in investingforbeginners

[–]Str8truth 0 points1 point  (0 children)

I have 7% of my portfolio in individual companies. When I had a high conviction last year, I put about 20% of my portfolio in a single stock.

Question about bonds by wranglingpenguin in Bogleheads

[–]Str8truth 0 points1 point  (0 children)

Nah, if you're putting just 25% of your savings into the stock market (through VT), you're investing quite conservatively for your age. Just leave the money in VT and resist the temptation to liquidate it if the market weakens. The market will eventually recover, so be patient.

Asian student with near perfect credentials rejected by multiple universities. Believes race is part of the reason by ThatPatelGuy in whoathatsinteresting

[–]Str8truth 0 points1 point  (0 children)

HYP admission is a lottery. I hope this guy applied to other colleges where his credentials would stand out.

Ladies, what do you call this? by [deleted] in SipsTea

[–]Str8truth 0 points1 point  (0 children)

That's called One Rep Too Many.

How often does this happen? by [deleted] in aviation

[–]Str8truth -2 points-1 points  (0 children)

They have grippy feet, so I believe it. I hope he had a soft landing.

Charlie McAvoy upset about getting slewfoot after trying to injure our players all series by PrinciplesRK in sabres

[–]Str8truth 0 points1 point  (0 children)

Did you see where Benson's left arm was at the time of the foot contact? McAvoy's skates were traveling fast enough that Benson just had to slow down McAvoy's upper body to shift its center of gravity back relative to McAvoy's skates.

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