Joe Should Have Invested His Welfare Money Three Weeks Ago

[Anonymous]

Major markets are either out of bear territory or soon will be. Global markets have rebounded nearly 30% from historic lows due to the pandemic. Now Western economies will be opening up again over the next six weeks.



Joe was told to invest his meagre social assistance income when markets were low. But, he was too busy with the important things in life like spamming forums. A small $1000 investment one month ago in Tops ships would have made him $400. Same investment in Mylan and he would have made about $175. And they are far from blue chip stocks.



Joe snoozed, he lost and now he will die a pathetic, broke virgin and a burden on society. You should have listened to us. We are successful and normal, you are not. Now you are so old, it is unlikely you will get another opportunity like this.

[Anonymous]

He could have bought a few Disney shares when it dipped to US$55 dollars late last month (?) and sold it once it had cracked the $100 a share mark less than a week later. Guess he was too busy lecturing the rest of us on what to do with the stock market to pay attention to his own portfolio.

[Anonymous]

He could have bought a few Disney shares when it dipped to US$55 dollars late last month (?) and sold it once it had cracked the $100 a share mark less than a week later. Guess he was too busy lecturing the rest of us on what to do with the stock market to pay attention to his own portfolio.

....however your advice is completely the opposite of what Fashionista, Shen Li & Herman said - which is to buy and hold.



Your strategy is more akin to day trading, which I think is more my way of thinking.



It'd be crazy in this day & age to hold onto stocks if you know they are gonna tank at some point.



That'd be like depoiting $100 in your accoubt today, knowing that tonorrow it will be worth only $60.



So why would a person stay invested at all costs?



You have to constantly buy & sell stocks in order to get ahead, not hold onto them for dear life.



You hold onto gold, property, precious antiques, land & original art.



You don't hold onto sticks because they are expendable as the money youvthrow at them.



Just like gambling throwing money on a dealer's table, money invested in stocks is in play, and if lost, it can be recouped. its gone forever. If the investor finds new sources of onvrstment capital, the mobey he lost is still gone forever.

[Anonymous]

sorry in one sentence meat to say 'cant be recouped'

[Anonymous]

Major markets are either out of bear territory or soon will be. Global markets have rebounded nearly 30% from historic lows due to the pandemic. Now Western economies will be opening up again over the next six weeks.



Joe was told to invest his meagre social assistance income when markets were low. But, he was too busy with the important things in life like spamming forums. A small $1000 investment one month ago in Tops ships would have made him $400. Same investment in Mylan and he would have made about $175. And they are far from blue chip stocks.



Joe snoozed, he lost and now he will die a pathetic, broke virgin and a burden on society. You should have listened to us. We are successful and normal, you are not. Now you are so old, it is unlikely you will get another opportunity like this.

NoI dont plan to invest in the stock market at this point because I think its far to volatile these days & economic conditions are far too unstable.



Plus there's a good chance that Trump may lose the US presidential election, which will alter the climate some more, probably on the down sidr.



For now, Im putting what available cash I have into precious metals like gold snd silver.



I bought 4 oz of silver the other day. I intend to increase that amount to at leadt 100 oz before years end.



I also want to accumulate 50 pieces of gold.



I think its wise to invest in solid assets before investing in the stock market.



Because if the bottom falls underneath the floor of stock valued, at least they still have the gold.



The bottom will never completely fall under gold.



No matter if it declines in price, it will always be worth something.

[Anonymous]

I want to know in what universe a week equals a day.  ac_biggrin

[Anonymous]

I also think todays stock market is highly rigged, much more thsn it usually is.



its evident tat recently its being msnipulated.



So for now its a good time to stay away from it.

[Anonymous]

He could have bought a few Disney shares when it dipped to US$55 dollars late last month (?) and sold it once it had cracked the $100 a share mark less than a week later. Guess he was too busy lecturing the rest of us on what to do with the stock market to pay attention to his own portfolio.

lol, Joe doesn't listen.

[Anonymous]

He could have bought a few Disney shares when it dipped to US$55 dollars late last month (?) and sold it once it had cracked the $100 a share mark less than a week later. Guess he was too busy lecturing the rest of us on what to do with the stock market to pay attention to his own portfolio.

lol, Joe doesn't listen.

So how can Disney Stock double in price if it's not making any money & described by another poster in another thread as 'bleeding cash', Fashionista?



Currently, the Movie industry is shut down in most places in the world due to the coronavirus. Its not making any new movies nor has any planned for release.



So yes, I do listen, Fashionista.



Do you?

[Anonymous]

Disney is about where it was one month ago. But, so many stocks that were bought at a bargain one month ago have already made money. For example, my Vertex stocks are up close to 25 % in the last 5 weeks alone.



When us successful, much younger non virgins give you advice, you need to start listening. You should have invested a little of your OAS check like we told you.

[Anonymous]

Disney is about where it was one month ago. But, so many stocks that were bought at a bargain one month ago have already made money. For example, my Vertex stocks are up close to 25 % in the last 5 weeks alone.



When us successful, much younger non virgins give you advice, you need to start listening. You should have invested a little of your OAS check like we told you.

BTW,  have you read the news lately?



We have a burgeoning stock market recently, but a tanking economy which even pro market, ultracapitalist billionaire heads of banks & major investment firms publicly admitted, is headed into a steep downturn/recession before the end of the year.

[Anonymous]

And I bought 50 grand of CP stock when it was trading at 200 CDN at the worst of the pandemic. It's now about $315. I have made $17,500 in one month.



Joe should have listened to us young smart non virgins. Now it's too late for the old fossil. Some people were born to lose. Oh well.

[Anonymous]

And I bought 50 grand of CP stock when it was trading at 200 CDN at the worst of the pandemic. It's now about $315. I have made $17,500 in one month.



Joe should have listened to us young smart non virgins. Now it's too late for the old fossil. Some people were born to lose. Oh well.

oh really?



Well according to this chart, their stock price never went below $263 per share when the coronavirus pandemic hit:



https://finance.yahoo.com/quote/CP.TO/history?p=CP.TO">https://finance.yahoo.com/quote/CP.TO/history?p=CP.TO



So either you're lying, mistaken or just plain delusional.



It was never trading $200 per share this year.



And now that the share price on the stock you supposedly bought at a bargain, did you sell at $315 per share?



Or is it just its book value that increased?



Unless you day traded & sold the stock at a higher price, you havent made doodly squat.



Its only a profit of $17,500 when you actually sell the stock & receive that much cash for your sale.

[Anonymous]

And I bought 50 grand of CP stock when it was trading at 200 CDN at the worst of the pandemic. It's now about $315. I have made $17,500 in one month.



Joe should have listened to us young smart non virgins. Now it's too late for the old fossil. Some people were born to lose. Oh well.

Poor old senior citizen joe. No ambition, no balls, no money, no pussy, and no reason to live.

[Anonymous]

And I bought 50 grand of CP stock when it was trading at 200 CDN at the worst of the pandemic. It's now about $315. I have made $17,500 in one month.



Joe should have listened to us young smart non virgins. Now it's too late for the old fossil. Some people were born to lose. Oh well.

Poor old senior citizen joe. No ambition, no balls, no money, no pussy, and no reason to live.

However the share price was never $200 as the poster had claimed.



Nor was a sale ever made.



So the claim that he 'made' $17,500 in one month is bogus.



Like real estate, precious metals, whatever - a profit is only 'made' when the sale price is higher than what it was purchased for.