I don't do any of that stuff
I just keep investing every week that's all I can do
401k balance
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I just keep investing every week that's all I can do
It will be fine
Well-Known Member
Just go on Reddit and follow r/wallstreetbets you’ll be golden.
long is you buy a stock, say Coke, expecting it go up and make a profit, You are long on Coca Cola.
Short selling involves borrowing stock you do not own, selling the borrowed stock, and then buying and returning the stock only if and when the price drops. Short selling is very risky but in this market maybe not so much. If you shorted FDX a few days ago you are in good shape right now. key words ,right now.
Up In Smoke
Well-Known Member
I would leave the short selling to the heavily funded trader. What I would prefer to see investors do is buy a put as protection against an economic down turn. Say you own Coke, and it's at $60/share and you want to protect your asset. Through your margin account you would bid on contracts that protect a certain dollar loss, say $57 or 5%. In most instances the cost per share to insure a small loss of this nature would cost a premium of less than 1%. Duration of the contract brings more risk and the premium will reflect that also. So, for the Coke example you purchased 10 November 18th put contracts (1000 shares) at a strike price of $57, it would cost you $.12/ share or a grand total of $120.00. If the stock price of Coke dropped to your strike price and it closed, you would profit $3000.00 less the $120.00. If the stock price never reaches the $57 before the expiration date you lose only the $120.00. Where the real money comes in is if the stock drops well below your strike price. In US trading your allowed to close the transaction before expiration, giving you the ability to close at any time. Traders can also utilize stop/loss functions to guarantee a profit. It's important to remember, you also own the underlying asset whose value has dropped, but you've insured the loss and in many cases made far more on the down turn than what the underlying asset lost. Where things get real profitable is when you have an option in the money, you take your profits and buy new positions (calls or puts). This is called stringing options and now your using house money to protect your investments. Hope this made sense and helps.
Up In Smoke
Well-Known Member
What's important to remember is the stock market is not the economy. The Federal reserve controls the money flowing into and out of the economy. Since 2008, the Fed has been injecting money into the economy (QE) and lowering the funds rate to stimulate borrowing. From 2016- 2019 the Fed attempted to raise rates and trim it's balance sheet in an attempt to let the economy grow organically. These attempts failed and they were left again with injecting money and lowering rates. We all know what happened in 2020 with the huge injection of money into the economy ( PPP, SBA, stimulus and subsidies) by the Federal Government. The Fed announced (too little and too late) that 2022-2023 they would be raising rates and selling off assets in an attempt again to let the economy grow organically. They attempting to extract trillions of dollars of Federal dollars from our economy over the course of the next couple years, so hold on it's going to be bumpy.
whenIgetthere
Well-Known Member
That is correct.
fatboy33
Well-Known Member
Nancy Pelsoi can....
yadadamean116
Well-Known Member
2.4million right now. Oh this is for FedEx employees, not UPS sorry.
UnionStrong
Sorry, but I don’t care anymore.
It’s easy to pick winners when you have the inside info.
Lineandinitial
Legio patria nostra
fatboy33
Well-Known Member
Yeah but look how much the Americans working the Oil and gas industry gained along with most of congress booming in the stock market?? Everyone can't be a winner....
olroadbeech
Happy Verified UPSer
I'm afraid to look at my balance.
Dow has fallen from 36k to nearly 28k
we take take the hit for now. hopefully it will go back up as usual.....but no such thing as normal anymore.
Dow has fallen from 36k to nearly 28k
we take take the hit for now. hopefully it will go back up as usual.....but no such thing as normal anymore.
floridays
Well-Known Member
You are correct.
floridays
Well-Known Member
I don't mean to be critical, Fedex has more than couriers.
Many of the not courier group are over 65 and the same benefit applies.
DriverNerd
Well-Known Member
I just checked my 401k. Down 23.41% YTD. Ouch.
Time to turn up your 401k
Up In Smoke
Well-Known Member
I'm still holding on to a positive return YTD. Dividends make it look better than it is.
McFeely
Huge Member
When the market is as chitty as it’s been, I try not to check frequently. That being said, I always look at the end of each month out of curiosity.
Down 19% over the last 12 months here. Still bumping up my contribution every year and hoping for the best. At least my PPA still had a consistent return lol
olroadbeech
Happy Verified UPSer
I actually upped my monthly automatic investments during this whole downturn. Sure it's a gamble.
the whole market is a casino. as long as we keep healthy reserves in cash I'm willing to gamble going on past performances.
If the market never comes back it will be the first time.....
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