/biz/ - Business & Finance

>>17668897
>stonks

better to just buy btc & eth rn

>>17668923
i already have 1 btc

>>17668897
Wait a couple of months then buy stonks

>>17668897
A Forbes guy who predicted the crash, almost to the day, claims the bottom is going to be extended and the there'll be ample time to re enter at your leisure. No need to time the bottom if he's right.

I have no fucking clue myself, so ignore me.

buy gold

>>17668959
What's his name?

>>17668969
what ticker?

>>17668897
Buy Chainlink - oh wait - you can't!

BAAAHAHAHAHAHAHAHA!

>>17668897
buy 50k worth of SQQQ and SDOW and wait for 8 months

>>17668897
Apply for an options account.

Buy oil soon. Easy 100% gains over 4 years.

>>17668976
>thinking someone can predict a virus that helps shoot off a crash

Hmmmm yeah I'm calling bull on legitimacy.

>>17669021
I bought a leveraged crude oil ETF 10-20 minutes ago.
It's still dropping, but I hope it bottoms out soon

DRIP you're welcome OP.

Watch the market

>>17669162
You're 2 days late

>>17669235
was it even smart to deposit this much money into td? i figure buy when theres blood on the street but i think i may have acted rather impulsively

>>17668897
buy oil stocks sell 1/2 for 50 per in few weeks

>>17669281
R u sure man? I don't want to get fucked I wanna make money

>>17668897
Sell option contracts, anon.

>>17669370
buy like 10 different ones they are down like 60 percent today

virus stocks

>>17669271
So long as it's sitting as cash, you're fine, you can think of it like another bank account... TD is FDIC insured.
The key is not to invest in something just because there's alot of action going on. Even (I would say especially) in this market, you could lose your ass before you even know it.

>>17669235


Still has a chance, market still hasn't fully adjusted for the upcoming fuckery going on, but I agree. Just made 10k today.

>>17668976
Albert Einstein

>>17668897
you have to wait the snowball just started rolling

>>17669428
FDIC will only insure 30% of deposits and zero savings. Only the rich accounts are insured, your account ain’t.

>>17668897
Withdraw all of it
Send to Coinbase and pick an option
1. Wait for CKB listing
2. Send it to an exchange that has a CKB market

>>17668976
Sam hyde.

>>17669000
CHECKED LMFAO

>>17669370
Do not>>17669372
Nubs like you could get skewered in options if you don't know wtf youre doing.
Look into DCAing. By far the most conservative way to make some cash on these cheapies. However DCA is not a get rich quick scheme. It is wealth building though

>>17669472
r u fucking serious?

buy british petroleum, crazy dividend yield

oil stock buys for today

MTDR
CPE
SM
OVV
OAS
CDEV
KOS
QEP
SLCA
APA

>>17668976
https://www.bing.com/amp/s/www.forbes.com/sites/investor/2020/03/09/crash-the-stock-market-collapses-now-what/amp/

>>17669472
If TD loses all it's users account funds, there is likely something much worse to worry about

SOMEONE GIB ME A 10X!!!!!!!!!!!!!!!!

>>17669577
I still stand by the statement that I don't know shit, so don't even listen to me.

>>17669619
bump

>>17668897
Buy oil option calls. Oil is going to rise by the end of the year after it bottoms out.

>>17669472
you are literally retarded and braindead: https://www.fdic.gov/deposit/deposits/brochures/your-insured-deposits-english.html

Bump

>>17670051
You’re the retarded, FDIC can’t insure everybody when SHTF you utter brainlet.

>>17670846
>You’re the retarded
oh

you need to be white to understand how this works

>>17669370
Avoid all oil for next few weeks. High probability were heading under 20 for us crude these guys are trying to burn your 50k

>>17669115
The oil war just begun. What makes you think it will bottom soon?

>>17672285
GREED and HOPE > anything else

>>17668897
Imagine buying stocks and cryptos at this point thinking you'll make it. kek
You should only be buying physical GOLD and SILVER

>>17672366
Gold is the ancient Bitcoin. Piece of shit metal with no real use whose value would plummet in an actual Apocalypse

>>17669005
This.

I fucking missed the TVIX train SOOO hard. I was watching it at $90, now I'm kicking myself.

>>17672366
Oil is going to 100 tomorrow mark my words

>>17669115
Which ETF?

>>17668897
all in on ONTX unironically

>>17672495
Aren't the russians and sand niggers dumping crude on the after burner right this very minute?

>>17672557
Buy high sell low is our motto

>>17672557
Live in Tuapse, full of oil tankers.

I am so proud that my country is fucking the world economy.

just loaded my rh account with 3k wat do?

>>17672674
Bump

>>17672657
To be fair, you're only helping to burn down the world, at literally the most inopportune time in the history of traded commodities. China did the heavy lifting this go around.

>>17672674
Get off Robinhood retard

>>17672400
That is the most retarded analogy I have heard yet.

>>17672940
I'm not eligible for options trading yet on td. Don't know when or if I'm gonna be cleared for it

>>17668943
>Wait a couple of months then buy stonks
This. Don't rush it. But don't wait too long.

>>17669103
I mean dude, the virus had the exact same coverage as muh swine flu and muh ebola. You could take one look at the media, turn your head and look at the unsustainable market, and come to a "wow, they are going to blame the crash on this virus. Perfect timing" conclusion. I'm only in crypto, but i predicted this happening in December. I told my dad to pull out of all markets in january. Of course he didn't listen.

>>17668923
Retard

OP, if I were you, which I may be if I end up selling a bit more of my crypto stack, I would hold off a bit. Wait a few weeks, maybe a month or two. I'm probably the same age as you, mid twenties. I've been waiting for an opportunity like this, but be careful not to rush in to it. I would invest a solid 50% of it in ETFs and Index funds. 25% would go to bluechip and other reliable stocks (FAANG, etc), and the other 25% would go to high-risk stocks. If there are any anons out there who think this is retarded, please let me know.

>>17672401
Looking at futures, I wonder if there's still a few days left to make VIX based trades. SQQQ seems less risky, but if markets tank again on the opening tomorrow...

>>17673145
It will rise just enough to fuck short positions, then dump again.

>>17668897
ABBV
LCI
XLK puts
V puts

>>17673145
TVIX Chad here. Feelo real good right now.
>>17668897
https://finance.yahoo.com/quote/TVIX
Join me op and ascend to Godhood

>>17669162

in the era of no commissions this is actually cringe advice

>>17669370
You need to talk to a financial professional. If you’re asking a question like “are you sure this will make money?” it means you are too trusting of random people on the internet.

NOTHING anyone tells you here is a sure thing. You can and will lose money frequently by listening to advice on this site. You may make some money too, but when you play investment games like this, you’re playing against institutional investors and professionals. That’s why everyone says “just buy S&P 500 index funds.” Because unlike stock trading and options, you’re not so much playing directly against other traders and professional option writers, you’re simply placing a betting on the long term health of the US economy (and the world economy to some extent.)

>>17671933
>no comeback just insults
LOL

>>17668897
buy reverse leverage etfs on DOW. Expect at least +6% on a reverse 2x leverage etf for tomorrow's trading day.

BUY BUY BUY BUY BUY

>>17673350
Honestly had I listened to wsb I would have at least 5xd my money. I'm afraid I'm too late tho as lightning never strikes twice
>>17673118
Nigga I'm 32

>>17673460
>Nigga I'm 32
Cool so you have 6 years on me, not that much a difference. You're fucking young dude.

>>17673490
Yea il probably wait but I don't wanna wait too long
Plus I want to fucking gamble

>>17673548
>Plus I want to fucking gamble
I mean you're always going to be gambling. If the entire economic system goes tits up then you can wait all you want and everything will still go to shit. Just invest conservatively, ETFs, maybe some mutual funds, and watch it go from there. Remember that the 2008 financial crisis lasted a lot longer than just a week or two, and this is going to be much much bigger.

>>17668959
the problem is when markets dump 1000 pts. they often can go up 700-800 pts in the short term causing FOMO.
If you are brainlet just DCA or buy at intervals until S&P, Dow, etc hits pre corona level.

>>17673548
the issue with options right now is theyre all expensive due to high volatility. if you got in 2 weeks ago you would be loaded but now you can hope for a cheeky double here and there.

>>17672867
ok stinky

>>17668976
shekel mic shekelstein

>>17669271
the IRS is going to anal fuck this guy worse than wesley snipes or martha stewart

>>17668897
day trade until it stabilizes you fucking retard

>>17672205
you think saudi arabia would cuck russia even more

>>17669000
Ch-checked

>>17669000
Checkkin in

>>17672557
saudi arabia is trade war with russia on oil cucking them hard to prevent them from gaining any profit in the market

>>17673770
>russia stronk!

>>17673769
I always hesitate then I buy in when the windows has already closed. I feel stupid like why didn't I just do this one month ago?
>>17673898
Ok how

>>17673823
>>17669464
>>17669492
>Jews
Ok I trust them

>>17668897
How old are you? What's your risk tolerance? I invest in index funds for retirement purposes, but I invest in small cap (Russel 2000) primarily. I have a high risk tolerance, so I don't worry when it drops 9% like it did today. I like SWSSX because it's cheap. I use SWPPX for large cap (S&P 500) and then have SFENX for international emerging markets.

>>17668897
Everyone here is recommend you trade. Don't You're not smart enough, nor do you have the needed skills, to do it without losing your 50k.

>>17674309
I literally don't know. All I know is I see people making 100x and I want in
>>17674330
I don't need to know I just need to get lucky

how is the nigger market looking i'm looking to get rid of a couple johns and a nigguh gal

>>17674434
>people making 100x
These people essentially gamble to get those gains. If you're "trying to get lucky" you're going to lose it all. I don't intend on giving advice to someone who will destroy their account by the end of the week (especially likely considering the volatility of the market right now).

>>17674596
thanks, good to know there still some sane/good people here. should i just go all in spy? get divies and such

>>17674618
Like I said, it depends on what your risk tolerance is. For many people, 100% equities is too volatile for them so they are liable to selling at a loss. I personally am 100% equities, with that mostly smallcap (for the extra growth). I'm young, so I can hold out any recessions.
If you know yourself, and believe you can hold even if the market drops 50% during a recession, going 100% SPY is probably the most reasonable plan, as long as you don't need the money in the short term. Compared to the plans people in this thread are proposing, 100% SPY is almost certainly the safest (even if very risky from a traditional financial standpoint).

>>17674681
guess my risk tolerance is pretty high since i dont need this money. seems like i need read investopedia or something because i dont even know what equities mean

>>17674731
Equities = stock. It just helps differentiate from the bond markets or the derivatives market.

>>17674749
i see, then yea 100% equities for me. i had the intention of buying spy with the whole 50k but i figured even if i didnt, keeping the money in td would get me more interest than keeping it in the bank.

100% in NOVN

FUCK DIVERSIFYING

>>17668923
Found the low iq tard

>>17674815
i keep hearing gild and one anon told me i should buy calls a week ago, should have listenend

>>17674797
Yeah leaving it in TD works, even if you don't immediately buy. I personally would buy, because if you're prepared to lose money, then there is little downside to buying now. If the market was good to buy before it dropped today, then it's an even better buy now. Buying in lump sums outperforms buying overtime (which is called dollar cost averaging, where you buy slowly to get a stable average cost per share of stock), because buying upfront lets your investment compound longer.

>>17668897
wait until Wednesday and buy BP, XOM, CVX, and RDS.B.

trade of the century. trust me nigga. trust me.

>>17674864
i dont think coronavirus is done yet. keep seeing more and more new cases.

>>17668897
If you are willing to buy stocks at this moment, just follow the basic principle of investing: diversify to pulverize your risk.
Buy different stocks from solid companies.
Another way to diversify during this crash is buy a a little bit every week, maybe 10% this week, 10% next, and so on. This way, if the market keep going down next week, you didn't commit it all, and you just keep buying into the dip.
If next week, or next day it starts shifting you just keep buying the same amount. You gonna lose a 1-2% here and there, but since you can't know which direction the market will move tomorrow, that's the cost to lose as little as possible and build up a solid wallet out of a dip into the long term.

>>17674899
The market is based on perception. If the cases double tomorrow, but a cure is also announce, the market will probably go up. If cases stayed the same, but governments continue to crack down (increasing fear), there is a good chance the market will continue downward. Who knows what'll happen. Coronavirus isn't the only thing affecting the markets, today's drop was largely due to the sudden oil price war that has developed.
I'd summarize my advice as follows. To time the market requires you to predict the future, and if you could predict the future, you'd be a multitrillionare since you could confidently go all in on normally retarded gambles.

>>17674942
goddamit stop making so much sense
>>17674908
so dca outperforms lump buying?

>>17674992
DCA helps if you're afraid of losing money, but typically lump buying outperforms DCA.
Source: https://investor.vanguard.com/investing/online-trading/invest-lump-sum
I'm only making sense because I've been educated on financial systems since the 4th grade, and investing since 6th. I probably have the most experience and understanding on this entire board. Always remember, the people that come to /biz/ are the people looking to make more money. The people making it are doing just that: making it. I'm only here because I like /lit/ and /jp/ and come to /biz/ to dispel bad advice whenever I'm bored.

Gonna load up on some 6 month OOTM spy puts when my transfer clears I think. Might do some oil calls too, 30 a barrel is already low as fuck. Those OPEC countries economies are designed to require at least $50 a barrel to run, 30 may not be the bottom but some leap calls might be good

>>17675065
shut up nigger
>>17674992
go all in on oil stocks on wed or you have no balls

>>17675065
thanks man il take your advice and digest it

>>17674992
>so dca outperforms lump buying?
If you have a long-term strategy yes. It also helps if the market is too volatile, or you just don't have enough info/expertise, and it also removes the stress involved.

>>17675112
Yeah ok.

>>17675112
lol oil did drop a lot. maybe a little risky for me 2bh. might play with the 3k i have on rh tho

>>17668897
Put it all on SQQQ
Retire tomorrow

>>17675124
> also removes the stress involved.
yea thats pretty important for me, cant stand feeling fomo/regret. thanks

>>17675144
do it faggot
>>17675129
yeah ok yourself cunt breath - no balls

>>17675170
I don't need to prove myself, this is an anonymous forum. Feel free to get offended by the fact I know my stuff, but I don't intend on giving advice that would result in unreasonable risk. I do my best to imagine myself as a fiduciary, and that if I give advice, I'm responsible for it.

>>17668976
Dan her in the can Schneider

>>17675212
i'm trying to help this man get RICH and you're over here playing lawyer, fuck you Sally get back to the kitchen and make me a gin & tonic before I belt ya' again. men are discussing how best to WIN BIG at the MARKETS not how to penny pinch and coupon clip their way into retirement like some beleaguered used up housewife

ALL IN XOM WEDNESDAY

Costco good to buy? They beat expectations, but share went down...What the hell...

AMD because LOLINTEL

>>17675259
I'm helping him set up a foundation for his future. If he has a solid account that's steadily growing, he can afford to make riskier plays in the future with the money he isn't slowly compounding.

>>17668923
Options are far more profitable than crypto will ever be buddy. I used to be an entitled condescending crypto loser too, but once I figured out that the only legitimate crypto was chainlink, I held and shunned everything else in the crypto market and started trading options like a Chad. Start trading options or continue to linger in the limbo that is the cryptocurrency market

>>17675259
COP calls instead buddy, lost 1/4 mcap today

>>17675281
the only thing growing is my impatience with your lack of a sack buddy

>>17668897
V, AAPL, TTWO

>>17674275
you're never gonna make it anon

>>17675281
whats the most spy could drop assuming we get a 2008 like crash?

>>17675310
And I'm growing impatient with your lack of ambition. Don't you want to hand off an empire to your children?

>>17673857
>moving money to another account is a taxable event
Stop trying to scare the guy

>>17675331
yea i know that

>>17675334
another 20% like where oil is at RIGHT NOW

BUY OIL god damnit please I am begging you

>>17675334
Probably another 35%. 17.5k USD in your case.

>>17668897
Buy oil futures and leaps on oil companies when oil hits <$25/barrel. You'll be printing hard if oil gets to even $45+ within the next 2-3 years, which is pretty much inevitable.

>>17675359
did u write options or something ?

>>17675364
damn thats really not a big deal to lose for me

>>17675359
Crude is going to $20 a barrel nigga

What is the maintenance requirement on TD ameritrade?

>>17675161
This is good advice

>>17675451
i dont think there is one. they removed a lot of fees/commissions. i think they charge 65 cents per contract

>>17675381
Just so you know, only like two major regions can profit at <$25 oil, Russia & the Middle East, and Russia's break-even is like $19, so basically there is a hard long-term resistance at $20, although most people in the industry know this hence buying in at $25/bbl.

Honestly, you can't really lose with this strategy. Buy XOM, EOG, CVX. Pretty much the strongest players in the market. EOG in particular. Leaps as far out as you can at varying strikes.

Word of warning, do not use leverage nobody knows how long this oil glut will last. Stay away from oil companies with moderate/high debt on their balance sheet.

>>17675438
>puts in buy order at $20
>everybody does the same
>oil moons at $21
>make zero profit

just wanted to say i appreciate a lot of the advice given here. kinda nice

>>17675570
Successful people like to see others succeed

>>17675359
leaps? or the stock?
>>17675618
sometimes biz makes my heart full