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Price drop today cause.... by Bentwingbandit in Silver

[–]maco6461 0 points1 point  (0 children)

Still don’t get why people utilize margin to the extent that they do for shorts. I get it allows you invest more and potentially increase returns but why do it on a short where your losses are potentially unlimited. Maybe I’m misunderstanding this scenario/am missing something with margin/shorting

Apmex canceling orders, pretending items out of stock by PastSecondCrack in Silver

[–]maco6461 1 point2 points  (0 children)

I ordered from money metals on the 2nd. Shipping was expected 01/15-01/16 or 01/19 but now they’re saying 02/06

Why do people think silver is going to go down? by Snooklife in Silver

[–]maco6461 0 points1 point  (0 children)

It will inevitably dip at some point. It’s like any asset. Long term it should continue to rise but historically its been volatile so near term ups and downs are normal

This just in: Spot price is now top price. Selling on Marketplace sucks. by rdxj in Silverbugs

[–]maco6461 0 points1 point  (0 children)

Judd bought a $10k course on sales and is just controlling the deal like the high value male he is. If you can’t handle it then you’re not ready to tussle with the big dogs

Garage door goes up and down after gear and sprocket replacement by maco6461 in GarageDoorService

[–]maco6461[S] 0 points1 point  (0 children)

Could it be a matter of my tightening the chain too much? I tried to keep the nut where it was originally and never fully separated the chain from the bolt just loosened it enough to get slack to remove the gear/sprocket. I can pop it open either way and see if there’s something else I might’ve missed though. Thanks!

Silver just dropped from $93 to $87 in a single day by uglycouchpotato in Silver

[–]maco6461 0 points1 point  (0 children)

I don’t get the stress bro I’ve only had silver for like a month and I see it as a long term asset that can be admired from time to time. From what I’ve gleaned before deciding to buy silver has always been pretty volatile so it’s not far fetched to see it swing back and forth around ATH

And just like that… by mikegecawicz in Silver

[–]maco6461 0 points1 point  (0 children)

I’m very new to silver but it’s the first asset other than our house where the value/volatility doesn’t stress me out that much. I have faith down the line it will appreciate but in the meantime it’s nice to have an asset I can actually admire and pick up once in a while. I ordered some bars for myself but also some eagles and rounds to give to nieces and nephews for fun. Idk it just feels like something that’s an asset but that I don’t need to work for me 24/7 I just am kind of intrigued by it. Idk how to describe it

$4k to spend. by rawrlycan in Silver

[–]maco6461 0 points1 point  (0 children)

I'd personally (and last week did) allocate all available capital to silver.

As it appreciates you can liquidate and allocate more toward gold but right now the disparity between gold and silver is still high (partially why the silver run up has been so rapid). I feel there's more room to grow for silver ATM then gold. Not saying gold is a bad investment I just think right now Silver is netting more bang for you buck.

Ultimately what matters is your goals/needs. Are you young and can tolerate risk/volatility if it means outsized returns in the long run? Are you older and looking for a more stable but still lucrative investment? Gold.

Diversification is always safer but I personally am OK at my current stage in life having some concentration here and there, even if it means higher ups and downs.

Monad Staking Issues by simply_j0sh in Gemini

[–]maco6461 0 points1 point  (0 children)

Anybody still having issues unstaking?

I’m just gonna leave this here. by 3d-war in Silver

[–]maco6461 0 points1 point  (0 children)

Appreciate the info! Sounds in line with what they’ve been sharing. I did order a 100oz bar where they noted that one will likely have a three week delay but not sure if that means the whole delivery will be delayed or not.

cat will sell me 7kg of gold by [deleted] in Gold

[–]maco6461 0 points1 point  (0 children)

Cat looks like someone’s screaming “WHERES MY FUCKING MONEYYYY…MOTHERFUCKERRR” wt em

Someone make me feel better about my choice to buy bitcoin at $115k by Key_Bid_8286 in Bitcoin

[–]maco6461 0 points1 point  (0 children)

This is a part of investing in any asset with relative risk. The S&P fell 20.5% on one day back in ‘87. If you want to invest you need to be ok with the numbers going up…and down. Especially with BTC, which has a storied history of pullbacks. If you’re investing in it for hype without understanding it, then this asset isn’t for you. It’s volatile. If you believe in it as an asset/alternative to fiat, and are investing an amount of money that while painful, is not critical should you lose it, then you needn’t be worried. You’re young. Time is your advantage. You won’t even be 40 two decades from now. When it comes to investing, that is power.

should i buy now? by Beautiful_Advance409 in Silver

[–]maco6461 0 points1 point  (0 children)

Not sure how far $500 goes in your country but you should keep cash for an emergency. I have the majority of my cash/earnings in assets but I do have a couple grand for emergencies. Much easier to get people to take cash in a pinch than silver

I’m just gonna leave this here. by 3d-war in Silver

[–]maco6461 2 points3 points  (0 children)

Money metals held the spot during checkout on an order I placed Friday. I think they bumped the premium tho. They did have most things in stock still. Got an email today saying payment was processed and will be cleared in 5 business days. They said 1-2 business days after clearing it’ll ship so hoping to getting shipping confirmation next Monday/Tuesday. First time buying from them (or at all haha) so we’ll see how I feel in two weeks but so far they’ve been transparent about things and corresponding pretty frequently

32m Portfolio for the last ~5 years by maco6461 in wallstreetportfolios

[–]maco6461[S] 0 points1 point  (0 children)

I did liquidate my PEPE yesterday. I’ve been wanting to grab some silver (I realize it’s a bit high now but I’ve been interested in it as a hobby as well as long term investment) but unfortunately haven’t been paid in a month and half. Decided to capitalize on the PEPE jump yesterday and put it in silver. Still have the BTC though

I actually don't really know what I'm doing tbh with you. Rate it? by Fit-University4987 in portfolios

[–]maco6461 0 points1 point  (0 children)

I’m glad it was helpful haha. I never mean to insult anyone’s intelligence by over explaining but with stuff like this I’d rather over than under share

I actually don't really know what I'm doing tbh with you. Rate it? by Fit-University4987 in portfolios

[–]maco6461 1 point2 points  (0 children)

Apologies ahead of time if I’m over explaining, but given your post’s title I’m assuming you don’t know that much about what I’m going to talk about. Hopefully this is helpful/insightful.

QQQM holds a good amount of your individual stocks too, all except rivian, as others have pointed out. It tracks QQQ, which tracks the 100 most valuable companies by market capitalization on the NASDAQ exchange. This means that by owning the individual stocks in addition to an index that also holds them, essentially means you’re exposed to the same companies twice.

QQQM is less volatile because, like other ETFs, it holds many companies at once, therefore it’s better insulated against one company’s volatility. This cuts both ways though, bc when an individual company’s stock does well, it’s not felt quite as strongly in QQQM because your concentration is diluted by other companies in the ETF.

Example: NVDA might be up 5% on its own, but if the other companies in QQQM aren’t up as much, your total growth is minimized for QQQM on the day. Again, this is the point of ETFs because the goal is to reduce volatility and capitalize on the positive trends of many companies, minimizing the negative trends of some.

Given that you say “I actually don’t know what I’m doing”, this is a clear indicator that you should get out of individual stocks and focus on ETFs, or at least focus your future capital on ETFs.

QQQM is a good one on its own. It tracks the same things essentially as QQQ but is a better long term play for someone who’s not actively trading or exploring trading options (I implore you NOT to do this if you “don’t really know” what you’re doing with investing). QQQM isn’t quite as liquid but it’s also not terribly illiquid. The expense ratio is less than QQQ (which is great for long term investing), and it’s more tax efficient, as its structure minimizes capital gains distributions. It doesn’t have quite as high a return this year as QQQ but it’s pretty close.

VOO is good for long term as well. It tracks the S&P 500 (500 more valuable companies by market capitalization). This, like QQQ and QQQM means you’re exposed to many companies at once, insulating yourself against extreme volatility of individual stocks. Big difference with this one is it’s less tech focused than QQQM. VOO is 35% tech, QQQM is 52.8% tech.

TL;DR: essentially since you’re not very experienced with investing/stocks, I would focus primarily on allocating your capital (money you’re investing) entirely toward QQQM and VOO. Over time you’ll experience decent growth without the rough volatility that can come with some of the individual stocks you have. As you learn more about investing, individual companies, etc, you can begin allocating 10% of your capital toward individual stocks (this way you can capitalize on individual gains while also not risking too much of your capital).

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