New To Investing Thread

[Spracne]

Why do I find the "stonks" memes so funny? I don't think I am capable of explaining why it's funny to anyone else.

[bucket]

Dove in this morning.

[chum1]

Dow is almost back up to where it was when I placed my bet. If it reaches same level, I'll be tempted go ahead and cash out on the basis that the economy will suck for a while. But I'm thinking I'll wait until around June 1st for a "reopening" surge and then cash out.

[catastrophe]

So far looking like the fewer people employed the better the stock market does. Who knew?

[sys]

makes sense, probably most of the unemployed have gone into day trading now that they have the time.

[chum1]

It's still down a lot from where it was, though. Dow like 20-25%.

[cfbandyman]

So far looking like the fewer people employed the better the stock market does. Who knew?

I don't get it, wonder what will happen in the coming months.

Stock Market isn't the economy, but it is a reflection of the parts of the economy that are doing well based on the bailouts. Eventually the entire economy will get reflected into it but in general the stock market is like a weather forecast where the economy is the entire climate. It'll correct itself in due time, I mean after all it was insane how inflated it was before this all happened, the current levels IMO are much closer to what it really is, but it's also starting to ride another bubble.

[cfbandyman]

Also, oil is under a $1 (cheapest I saw so far was 10 cents) for a barrel. That is insane

[Kat Kid]

Also, oil is under a $1 (cheapest I saw so far was 10 cents) for a barrel. That is insane

-$7

[catastrophe]

Where do I go if I want a free barrel of oil + $7?

[cfbandyman]

This is just insane. Never thought of all the things to come out of this that oil basically is paid to you. Holy hell

[cfbandyman]

During a pandemic, oil invests in you!

[ben ji]

-37 per barrel of oil? WTF.

[DaBigTrain]

Can literally mine Bitcoin for free. Wow!

[cfbandyman]

Get oil and $37, literally a fool to not take that deal lol

[star seed 7]

Where am I going to store all this free oil and cash?

[cfbandyman]

[DaBigTrain]

Drain Tuttle and fill her up!

[ben ji]

Currently looking at old tanks in the junkyard area of the farm wondering if they can still hold oil.

[catastrophe]

Where am I going to store all this free oil and cash?

If you buy enough oil, you can buy a storage facility with the free cash!

[steve dave]

WTI oil is the oil price at one spot in Western Texas. Where right now they have nowhere to put oil. Brent Crude is probably a better indicator (it's also cheap AF) of actual oil price.

[sys]

man, that was some crazy crap.

[Pete]

No one really needed any more confirmation of S&P 500 index funds, but here's the world's greatest investor (and all around superb human) endorsing simply buying S&P 500 index funds.  I am definitely just an average "most people" that he's referring to. 

“In my view, for most people, the best thing to do is owning the S&P 500 index fund,” Buffett said at Berkshire’s annual meeting. “If you bet on America and sustain that position for decades, you’d do far better than buying Treasury securities, or far better than following people  ... Perhaps with a bias, I don’t believe anyone knows what the market is going to do tomorrow, next week, next month, next year,” Buffett said.

https://www.cnbc.com/2020/05/04/buffett-isnt-buying-but-says-one-stock-market-bet-still-makes-sense.html

[michigancat]

No one really needed any more confirmation of S&P 500 index funds, but here's the world's greatest investor (and all around superb human) endorsing simply buying S&P 500 index funds.  I am definitely just an average "most people" that he's referring to. 

“In my view, for most people, the best thing to do is owning the S&P 500 index fund,” Buffett said at Berkshire’s annual meeting. “If you bet on America and sustain that position for decades, you’d do far better than buying Treasury securities, or far better than following people  ... Perhaps with a bias, I don’t believe anyone knows what the market is going to do tomorrow, next week, next month, next year,” Buffett said.

https://www.cnbc.com/2020/05/04/buffett-isnt-buying-but-says-one-stock-market-bet-still-makes-sense.html

I read somewhere that recommended taking the same approach but investing in the global markets. The US-only introduces more risk and assumes we're just naturally better than the rest of the world which I don't think is the wisest.

Of course I'm pretty sure I read this either on Betterment's website or in a discussion in support of Betterment.

[ben ji]

No one really needed any more confirmation of S&P 500 index funds, but here's the world's greatest investor (and all around superb human) endorsing simply buying S&P 500 index funds.  I am definitely just an average "most people" that he's referring to. 

“In my view, for most people, the best thing to do is owning the S&P 500 index fund,” Buffett said at Berkshire’s annual meeting. “If you bet on America and sustain that position for decades, you’d do far better than buying Treasury securities, or far better than following people  ... Perhaps with a bias, I don’t believe anyone knows what the market is going to do tomorrow, next week, next month, next year,” Buffett said.

https://www.cnbc.com/2020/05/04/buffett-isnt-buying-but-says-one-stock-market-bet-still-makes-sense.html

I first learned about Index funds at the beginning of this thread.