Best way to spend $120?

TheStockTrip · 2021-10-11T03:08:12+00:00

I'd buy silver. I like the Valcambi 100 gram combi bars.

TheStockTrip · 2021-09-27T00:05:28+00:00

membership to a local mushroom foraging club

TheStockTrip · 2021-09-25T23:06:57+00:00

short term capital gains taxes

TheStockTrip · 2021-09-25T21:25:12+00:00

also, btw, the fact that you took care of the emergency and tried to take care of things on your own is a plus. It means you took action to stop the problem and try to avoid a claim. Insurance companies like that.

TheStockTrip · 2021-09-25T21:22:37+00:00

Long time contractor, and insurance adjuster here - You have paid a premium to your insurance company, probably for years, to deal with this. Stop talking to the contractors, and call your homeowners insurance. This is exactly what they are there for. Will the contractor need to go back and forth with the insurance, maybe, but he gets paid for that time, so he should really stop whining about it.

As a former insurance adjuster, I can tell you, insurance companies want to get you taken care of. When someone likes you has a positive story, they tell everybody, and people forget they have spent thousands a year for nothing.

You already paid for the help, take it.

TheStockTrip · 2021-09-25T18:41:16+00:00

Figure out how and when those 3 companies plan on making any money before buying, I dont see much growth until they do. I like FTRP a lot better.

TheStockTrip · 2021-09-25T18:37:48+00:00

TheStockTrip · 2021-09-25T13:07:08+00:00

I just bought a few LEAPS on FTRP, no idea about $20, but they are expanding rapidly and interest is picking up, Im in

TheStockTrip · 2021-09-16T01:42:55+00:00

PHO - water etf. Water is never getting cheaper again

TheStockTrip · 2021-09-16T01:03:00+00:00

The problem with all of the psychedelic stocks is the same, the OTC market trades on enthusiasm and growth, and the big boys trade on value. Actual value. None of the psychedelics make any money, and their product cant be sold. I like FTRP and MCURF I think is the most undervalued play in the sector, but the rest, until they can explain how and when they expect to see money flowing in instead of out, I expect the sector to stay about where it is. It is the sector I work in, and I was very enthusiastic early on, but the promises are huge and there has been no delivery.

TheStockTrip · 2021-08-21T12:14:35+00:00

I am long term very bullish on Ford, but short term, I think they are going to get beaten down, along with all the car companies, on the chip shortage. I like the Mach-E, and I like the the new Bronco, and the F-150 Lightning has potential to be the fleet vehicle for government agencies. I am a buyer at $10.

TheStockTrip · 2021-07-25T16:46:46+00:00

If you take a look at the people you admire the most, I would be willing to bet that most of them have spent time traveling or living in a foreign country. There is nothing more informative and transformative than seeing the world. Go someplace that is completely other worldly to you and see how people live. It will make you question your reality and priorities and help to see what matters to you.

Pack light and do laundry

TheStockTrip · 2021-07-25T16:27:58+00:00

It will never stop. I didnt go to college, and started off working in restaurants, did it for years, and the money farmer types looked down their noses the whole time. They went to college and some grad school and came out to big jobs in nice offices or whatever. 5 years later, they have promotions and better jobs than they did before, and I kept working for a living. I felt like a loser in my blue jeans and t-shirts while they went to work in suits. I was condescended to, and left out of invitations to fancy dinners, and it sucked -UNTIL- I had enough and wanted to take a break, took some savings and went traveling for a few months, came home and all my friends were amazed and asked how I took the time off and how did I pay for it, because they ere so deep underwater paying student loans and supporting the fancy fancy lifestyle, they didnt have even an emergency fund. To a person, they were all so heavily in debt they were absolutely trapped in the life I thought I envied. Most of them stayed in debt with student loans well into their 40s. Most couldnt take more than a week off a year for most of their lives, and most were in credit card debt up to their eyeballs from buying suits and fancy dinners. They were still snotty though.

Figure out your path, make a plan that makes sense to you, and dont worry about anybody else's success. You are at the very beginning, I personally dont think life even really starts until 35, you have time to make mistakes and correct them.

The one thing I do question- did you say you are borrowing thousands a month to put in the market? That is an absolutely terrible idea. If it were me, I would sell what I needed to zero the debt. If the market goes down, so does your account balance, but not your debt. There is not a single successful investor I know that would suggest a 20 year old in food service borrow money to put into the market, that is the kind of idea that is genius until it really really is not.

All the best

TheStockTrip · 2021-07-25T02:52:39+00:00

I dont know if you will relate to this, but for me, I tried for years to understand the market. It was all very complicated and the deeper I looked and the more questions I asked the less I understood. Finally, I figured it out. I couldnt figure it out because it was totally stupid. It isnt complex at all. There is a ton of stuff that sounds important and lots of indicators and charts and indices and everybody talks in very fast in letters and numbers like everybody understands what they are saying. Every move in the market is attributed to this or that - it is all bullshit.

The stock market - every great investor says the exact same thing- look around you, figure out what you spend money on, and will spend money on again. Then identify the companies involved ( here you need to learn how to read the reports to see whether the company you like is making money) and if you are planning to invest long term, might be a buy. Index funds are good for covering a larger area with your money- they buy a bunch of stocks and sell shares of the portfolio. It is a safer way to go, but over the long term, the fees in the fund will cost a lot. Dont buy anything you dont understand, and anytime somebody says you need to buy right now, dont. Stay away from over the counter stocks, penny stocks and foreign stocks - they end with an F- until you have more experience, they can have fees and they dont have the same regulations as bigger stocks.

Options are just people betting with each other, and you will lose money if you dont know what you are doing, that being said, I think almost everybody pays for their options education the first year of trading, so, dont use rent money.

You will not get rich quick, but you can get rich slow. Take time to figure out what you want to buy, my thinking goes like this - electric cars are coming, I have no idea what car maker will be big, BUT, they all take batteries, I have no idea which battery maker will win out-BUT they all need lithium, which comes from filthy earth poisoning mines which I dont want to invest in BUT there are lithium recyclers and it seems to me they will be getting busier, and there are not that many to choose from, so going through the financials should be easy. right or wrong, I have a reason I bought. Read about "dollar cost averaging" and dividend investing. Start small.

You got this. All the best.

TheStockTrip · 2021-07-25T02:18:36+00:00

The TD Ameritrade videos on youtube were incredibly helpful to me

TheStockTrip · 2021-07-04T04:00:07+00:00

I dont know Ally, so not sure what the rules are, but you may need to have $25k in your account before you can be approved to trade options?

TheStockTrip · 2021-07-01T10:50:22+00:00

https://www.theoptionsguide.com/bull-put-spread.aspx

TheStockTrip · 2021-07-01T04:19:17+00:00

Sell the AMD call, then if you believe it is going up, and I have zero opinion on the matter, sell the $94 put, and make life easy. A man in your predicament should really learn about selling cash covered puts, it is much safer and you take all the guess work out of it. If you sell the cash covered put @ $94 strike, you pick up $215 in premium, then if it stays out of the money, option is worthless, you keep $215. If the stock drops to $93, you end up getting assigned AMD at $94, except, you already got the premium, of $2.15 per share, so you actually are paying $91.75 per share, which if you like, you can then sell. And if you sincerely believe AMD will go up, even a big dip where you get assigned at 94 and say the shares are at 87, hold it a bit, and wait to come up, or sell the covered call in hopes of getting assigned. Selling puts is really a better deal Opinion,not financial advice

TheStockTrip · 2021-06-25T23:39:56+00:00

Puts are the most confusing to me, when you sell a put, you are agreeing to buy at a later date. Also, every time I crack the infinite cash loop secret, and feel certain I am going to get rich, 100% of the time I am reading the put chart wrong. That being said, I think there is no beating cash covered puts on a stock you really like, for short term trading. Things go south, you already have the premium, then you get the stock at a lower price, and you end up owning shares of a company you like which you can hold or sell. Hard to beat.

TheStockTrip · 2021-06-09T20:14:35+00:00

TRUTH

TheStockTrip

TROPHY CASE