2024 Investing Thread

[Egor's Assistant]

 

[Egor's Assistant]

Dumped my GOOGL. Feels like they are having a Bud Light moment with their racist ass AI launch

Goog might be in more trouble than we know. They have anti-trust issues, racist AI issues, maybe even election interference issues to deal with if Trump gets back in. Not saying the World will be able to shed that octopus, but damn, there's plenty of other places to plant your money and watch it grow.

 

[FireFoley]

With the NDAQ 100 going up every single day, regardless of how few stocks are carrying it, you would think that at the very least GOOG and for that matter AAPL would at least go up marginally or at worst stay steady. Nope. GOOG might have some sellers. But the problem with trying to technically trade AAPL is you have every market ETF and Mutual Fund holding that stock, the company buying back the max number of shares it can daily and weekly, plus Buffet always a threat to add, even tho Berkshire shaved a small portion in the 3rd quarter.

 

[Concrete Helmet]

MSN

 

[Concrete Helmet]

Glad I jumped on Newmont last week at under $30....the mature guy in the room is making his move...ATH for gold yesterday.

 

[FireFoley]

Glad I jumped on Newmont last week at under $30....the mature guy in the room is making his move...ATH for gold yesterday.

Crete, is this you?

 

[Fodderwing]

Any of y'all using the Unusual Whales Democratic ETF which trades under the symbol "NANC" in a nod to former House Speaker Nancy Pelosi, has surged 30% since its launch on February 7, 2023. That compares to a gain of 24% for the S&P 500 over the same time period.

An ETF that tracks the stock trades of Democrats in Congress has been beating the S&P 500 on the strength of Magnificent 7 tech bets

The Unusual Whales Democratic ETF is heavily weighted towards some of the market's hottest stocks, including Microsoft, Amazon, Apple, and Nvidia.

markets.businessinsider.com

 

[Fodderwing]

Meanwhile, a Republican-focused fund with the same methodology has been underperforming the market. The Unusual Whales Republican ETF, which trades under the symbol "KRUZ," has gained about 15% since inception. The comparison is reflected in the chart below.

 

[FireFoley]

Any of y'all using the Unusual Whales Democratic ETF which trades under the symbol "NANC" in a nod to former House Speaker Nancy Pelosi, has surged 30% since its launch on February 7, 2023. That compares to a gain of 24% for the S&P 500 over the same time period.

An ETF that tracks the stock trades of Democrats in Congress has been beating the S&P 500 on the strength of Magnificent 7 tech bets

The Unusual Whales Democratic ETF is heavily weighted towards some of the market's hottest stocks, including Microsoft, Amazon, Apple, and Nvidia.

markets.businessinsider.com

Membership has its Privileges.

 

[URGatorBait]

Any of y'all using the Unusual Whales Democratic ETF which trades under the symbol "NANC" in a nod to former House Speaker Nancy Pelosi, has surged 30% since its launch on February 7, 2023. That compares to a gain of 24% for the S&P 500 over the same time period.

An ETF that tracks the stock trades of Democrats in Congress has been beating the S&P 500 on the strength of Magnificent 7 tech bets

The Unusual Whales Democratic ETF is heavily weighted towards some of the market's hottest stocks, including Microsoft, Amazon, Apple, and Nvidia.

markets.businessinsider.com

Meanwhile, a Republican-focused fund with the same methodology has been underperforming the market. The Unusual Whales Republican ETF, which trades under the symbol "KRUZ," has gained about 15% since inception. The comparison is reflected in the chart below.

Just put em on the watchlist

 

[Concrete Helmet]

Crete, is this you?

No, but if I could turn something the size of my weiner into gold I would have cut it in half and retired on a private Caribbean Island years ago...

 

[Altitude Gator]

No, but if I could turn something the size of my weiner into gold I would have cut it in half and retired on a private Caribbean Island years ago...

I think you are overestimating the...price of gold!

 

[Egor's Assistant]

Glad I jumped on Newmont last week at under $30....the mature guy in the room is making his move...ATH for gold yesterday.

Also bought Newmont last week. Old man is waking up for sure. Lots of room to run.

"Even the $1914 top of September 2011 would be – in real terms – $2,624 today."

Inflation adjusted high should be over $2600.

Really liking PM's as WWIII heats up.

 

[Altitude Gator]

Also bought Newmont last week. Old man is waking up for sure. Lots of room to run.

"Even the $1914 top of September 2011 would be – in real terms – $2,624 today."

Inflation adjusted high should be over $2600.

Really liking PM's as WWIII heats up.

 

[FireFoley]

Well there is no doubt that the spot price of gold and the performance of the gold mining stocks has not been in lock step for quite a while. When I was trading more actively, I used to pair trade the GLD, versus the GDX or gold futures against the miners, etc. Anyway, if I had been doing that recently, I assure you I would have been adding, then adding then adding until, yes, they carried me out in a bodybag. That is usually exactly when the worm turns.

 

[Detroitgator]

Well there is no doubt that the spot price of gold and the performance of the gold mining stocks has not been in lock step for quite a while. When I was trading more actively, I used to pair trade the GLD, versus the GDX or gold futures against the miners, etc. Anyway, if I had been doing that recently, I assure you I would have been adding, then adding then adding until, yes, they carried me out in a bodybag. That is usually exactly when the worm turns.

Pretty soon, Crete will learn what the "junior miners" are, then what will we do?!?!?!?!

 

[Concrete Helmet]

I think you are overestimating the...price of gold!

Well the last time I saw your mom she ask for 12"......so I folded it in half....

 

[Concrete Helmet]

Well there is no doubt that the spot price of gold and the performance of the gold mining stocks has not been in lock step for quite a while.

Rates and expenses too high......for now....Quality names like Newmont are good though.....5.25% dividend until the dam breaks. Funny how LT's, emerging markets, and gold/metals run together when they they run......until then

 

[URGatorBait]

No, but if I could turn something the size of my weiner into gold I would have cut it in half and retired on a private Caribbean Island years ago...

I don't think there is an island in the Caribbean that can be purchased for $50.

 

[BMF]

With the NDAQ 100 going up every single day, regardless of how few stocks are carrying it, you would think that at the very least GOOG and for that matter AAPL would at least go up marginally or at worst stay steady. Nope. GOOG might have some sellers. But the problem with trying to technically trade AAPL is you have every market ETF and Mutual Fund holding that stock, the company buying back the max number of shares it can daily and weekly, plus Buffet always a threat to add, even tho Berkshire shaved a small portion in the 3rd quarter.

I was going to dump AAPL if it hit $200, now I'm long - added a bunch over the last week.