The Rokslide Stock Traders Thread

[Beendare]

Good Comment @MountainTracker.

AI is just the market being efficient. You can't stop progress....and it's coming. If you have a menial job, it's time to get some specialized training before you are out on your keister.

When your kid says they want you to pay $200k plus for their 4 year film degree which almost guarantees whatever job they get will be taken over by AI........Tell there are hundreds of thousands of trades jobs [mechanic, electrician, plumber, etc] out there at $120k/year....but the young folks don't want to get their hands dirty.

 

[Beendare]

She has about ~$200k in cash, $25k each worth of FXAIX, VUG, VGT and another $300k in various stocks (META, BRKB, MSFT, WMT, NVDA, AMAZN are the major ones). I plan to let them ride for a while and wait for the bubble to pop or use her cash to buy the dips. I didn't know the tax benefit an ETF vs a mutual fund and appreciate the insight. I will definitely do some homework and check those tickers out.

Yeah, smart. It's probably best to hold those top stocks and not sell and having to pay taxes on gains then just devote new money to the ETF's.

 

[eddielasvegas]

Yeah I’ve been riding that one on the way down too, in addition to MSTY. I’m not killing it lately other than the silver lining that I have a lot in cash ready to take advantage of something.

Speaking of MSTY....if BTC continues its slide, MSTY at zero, or close, is not impossible IMHO.



Eddie


P.S. I wrote this yesterday and didn't click "Post Reply." Ugh!

 

[fmyth]

Speaking of MSTY....if BTC continues its slide, MSTY at zero, or close, is not impossible IMHO.



Eddie


P.S. I wrote this yesterday and didn't click "Post Reply." Ugh!

Fortunately for MSTY, MSTR is up 5.82% today. Saylor has stopped hitting the ATM on MSTR common stock and is raising $$$$ with his perpetual preferreds: STRF, STRC, STRK, STRD, and STRE and is using the money to buy more BTC. This stops the dilution of the common stock and increases the multiple-to-net-asset-value (BTC).