Thinking you have or can get an edge as a retail investor is dangerously bad.This quote is hidden because you are ignoring this member. Show Quote
Thinking you have or can get an edge as a retail investor is dangerously bad.This quote is hidden because you are ignoring this member. Show Quote
Yes. But trading more can make it even better.This quote is hidden because you are ignoring this member. Show Quote
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Surprise with the amount of members always comparing Calgary vs. Hong Kong; nobody suggested steaking out at the local banks, ones with the stock market tickers in branch, and follow all them grocery shopping grannies sharing their insider tips.
Updated: March 10, 2022
My list of random For Sale (some free) stuff
It's a hot market, you know. The aunties all know.This quote is hidden because you are ignoring this member. Show Quote
As long as they have their Wechat University degree on the subject, you're in good handsThis quote is hidden because you are ignoring this member. Show Quote
Updated: March 10, 2022
My list of random For Sale (some free) stuff
Something on a more macro level, like "XYZ stock has seen a jump recently. This could because of A or B."This quote is hidden because you are ignoring this member. Show Quote
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For general macro trends and market movement discussion I'd recommend the MacroVoices and Acquirer's Multiple After Hours podcasts or you can just follow the typical corporate media CNBC/BNN/Bloomberg/Yahoo Finance stuff.
It's basically just news... nothing to try and develop an investment thesis from.
What kind of subreddits you going to?This quote is hidden because you are ignoring this member. Show Quote
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for canada there is baystreetbets
What's a good resource for a noob starting out on deciding picks? Besides buying meme stock and just getting ETFs.
Man some of you guys really need the casinos to open back up don’t you?
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Someone had to say cramer
Just hit up the CanadianInvestor subreddit to see what folks are trying to pump and dump
Read Chapter 20 of Daniel Kahneman's Thinking, Fast and Slow, and associated research showing that outperforming the market through stock picking is basically left to luck and chance.This quote is hidden because you are ignoring this member. Show Quote
Now that you've realized you're just gambling, if you still want to make picks, decide what gambling strategy you want to employ.
1. Long-term value investing? In that case, read Intelligent Investor, learn how to build DCF models and estimate Intrinsic Values, and be prepared to make reading 10Ks and understanding business fundamentals and accounting methods a full-time job.
2. Momentum bets? i.e. buying into what's popular and hoping to sell at a better price to the next guy? Start learning Option strategies, technical analysis (charting), and sentiment indicators and following the latest pump and dumps. Note, this strategy basically amounts to "buying meme stock".
If you don't feel like gambling as much but still want to try and outperform major indices (i.e. market beta) through empirically proven methods, start looking into Factor Investing. Basically, taking advantage of market factors that will increase the Sharpe Ratio of your portfolio (return/volatility). If you're into that for the long-game, check out Ben Felix's YouTube videos and the Rational Reminder podcasts and forums. As a bonus, he's Canadian so they consider the tax consequences of investing from Canada and home bias and such in developing their recommendations. Note, this strategy basically amounts to "just getting ETFs".
An incredible book, and can inform your decisions in so many areas of your life. A "must read"This quote is hidden because you are ignoring this member. Show Quote
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May as well just end the thread here.This quote is hidden because you are ignoring this member. Show Quote
Wow that’s like the perfect post.This quote is hidden because you are ignoring this member. Show Quote
A friend asked me recently and I said, 90% sp500, 10% memes lol
GLTA
It has worked but the tricky thing with stonks, I never know when to exit
Hey that made up a lot of my Finance degree.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteWhat about if you are just north of 50 years old, have never invested any money into anything other than your own business and the house you live in and now realize you have been an idiot and are just hoping to build up as much nest egg as you can as quickly as possibly and are willing to gamble like a motherfucker because the reality is going traditional ain't gonna do shit for you at this point so what's the difference if your gamble loses as you are probably working until you die anyways with that big windfall?This quote is hidden because you are ignoring this member. Show Quote
/asking for a friend... lol
Last edited by tirebob; 06-12-2021 at 02:47 PM.
GME / AMC / BB
Something something rocket emoji?