Robinhood has launched live sportsbetting

[JDS]

I’m very close myself to investing into Robinhood for stocks & crypto. Gonna take like 90% of my 75K bankroll just waiting on the right moment. Don‘t feel like we are close to a bottom market just yet.

 

[JDS]

This gambling shit besides my Baccarat profits not working out for me, tired of losing.

 

[jjgold]

I’m very close myself to investing into Robinhood for stocks & crypto. Gonna take like 90% of my 75K bankroll just waiting on the right moment. Don‘t feel like we are close to a bottom market just yet.

That’s the best idea you’ve had in years actually

 

[JDS]

That’s the best idea you’ve had in years actually

Yeah this sportsbetting shit is just so up & down for me, getting turned off I’ll be 43 this year. Need to invest into my future with something more stable.

 

[BigJay]

Yeah this sportsbetting shit is just so up & down for me, getting turned off I’ll be 43 this year. Need to invest into my future with something more stable.

You’re a man. You’re 40

 

[jjgold]

I’ve been saying it for a long time, gambling impossible like sports

fun money ok

 

[djefferis]

I’m very close myself to investing into Robinhood for stocks & crypto. Gonna take like 90% of my 75K bankroll just waiting on the right moment. Don‘t feel like we are close to a bottom market just yet.

Never try to call a bottom on any market - just pick a point where you're comfortable entering multiple sectors/stocks and start 20% or so above that point investing gradually. If it gets worse - you'll be dollar cost averaged to the number you felt was a bottom to start with and if it recovers sooner - you'll make a profit and not be kicking yourself for not buying in when you had the chance above your projected bottom.

Right now though I agree - tech and many names are simply way over valued. I won't be touching the S&P for a while aside from long term investments in my 401k/IRA. Tech stuff is largely overbought and people are judging it by its selling price 6 months ago - just because something was 50% overpriced 6 months ago and now is just 25% overpriced does not make it cheap.

The big divided plays may go up if the volatility continues - but my strategy lies somewhere in the middle. Buy solid dividend payers who also can produce an upside.

I've mentioned PII and continue to like it into the 50's - 60-64 would be my exit point. They are however sensitive to consumer sentiment which is not looking great right now. People tend to buy less high end boats, UTV's and motorcycles when things are not good (but they do spend when they feel positive regardless of the market in general).

ARLP is another play I like - Trump likes coal and they have a lot of it. 10% yield and they have a small but emerging nat gas holdings as well to balance off their coal business. A lot of their coal is in Appalachia - it tends to be higher sulfur which was less desirable when we were making nice with the tree huggers and Canada. But now that we are in a trade war with our neighbors to the North and doing away with the EPA - their is a very good reason to like Appalachian coal - it produces more BTU per ton and can be mined cheaper.

AMR is another coal play without the dividend - difference here is they produce coking coal - the stuff you need to make steel and not run a power plant. Along with HCC - I'm thinking of dabbling in the 2 beaten down names - US made steel is poised to come back and they will benefit after a rough year.

Wouldn't go crazy on any of these as my top holdings - but good stocks with short term potential I think.

 

[JDS]

@djefferis thanks for the advice & the recommendations on some stocks to consider. I will keep these on my list of possible future buys.

 

[jjgold]

If you buy and sell you will lose it all like gambling

 

[JDS]

If you buy and sell you will lose it all like gambling

That’s not what I’m tryna do.

 

[djefferis]

If you buy and sell you will lose it all like gambling

How’s your portfolio looking these days JJ ?

Buy and hold is the easiest way to lose a fortune there is - just asked all those old timers holding US Steel, AT&T and many other major “blue chips” they thought would grow forever.

Never forget at one point RCA was the hottest technology stock in the market and railroads held P/E ratios in the 100s. Times change - things cannot go up forever no matter how many people are buying into a market. The only difference between 1924 and 2024 is now it’s easier for the common man to buy stocks and it’s more widely accepted. My grandfather never bough a stock in his life and worked every day of his life as a result. My old man never bought any prior to age 45 and had the good fortune to have died way too young and never suffered from outliving his retirement. I’ve learned from there mistakes - you can’t outsmart the market but you can outsmart a herd mentality- when everyone else is buying tech - look for the NEXT market sector and in the meantime buy what’s making money and out of favor.