I believe I did pretty well in the market this year. My networth increased ~65% since its lowest point in March, ~350k to 620k. 20k from the car I bought in March. I rolled over a 401k and it messed up Mint's reporting, hence the spike from Jul -> Aug.
I did this by following some basic investing principles, buying and holding for the most part, being patient, and only investing in areas which I have expertise in.
I did not buy into the TSLA hype, nor do I play options, nor do I play crypto.
I picked the 7 I agree with.
Ask me any questions: personal, political, professional, knowledge-base (if I don't know the answer, I'll make one up), love, life, philosophy, whatever you want.
Anyone can ask, whether you're rich or middle class or poor, black, yellow, white, brown, muslim, jewish, christian, hindu, atheist, left, center, right, girl, boy, no gender, other gender, globalists, isolationists, civilian, military, whatever your profession, sinners and the redeemed, future friends, future lover(s), famous or not, wherever you are.
All our anonymous lives are intersecting and colliding in this thread for a brief moment before we're gone.
FINAL UPDATE: I ran out of my 40K but purchased another 40K to answer all the remaining questions. u/kyleman39 asked the last question. I am going to now try and lock this thread. If it is locked and you would like to get in touch, feel free to chat or message me if you have any questions. For now, I will be on the other [thread](https://www.reddit.c... keep reading on reddit ➡
I told you to pay attention to Barrick Gold (GOLD). Turns out Berkshire bought 21 million shares. He also trimmed his bank position in WF. What does this mean for us? It means that all boomers and finance journos will be praising miners stocks on Monday and it will rain cash. Hell, I'm up few percent even after hours.
EDIT: it's actually funny, because Warren Buffett was always a hater of gold. 'It doesn't do anything but sit there and look at you' - is his famous quote. Well, turns out siting there and looking at you is better than what his banks do.
EDIT 2: obv a typo in the title, was in a rush to bring you the news.
One of the biggest obstacles to active stock picking (as opposed to indexing) seems to be with all the problems with timing the market. We tend to want to buy when others want to buy, and less when others are fearful (i.e. the worst timing).
But this strategy seems attractive. You pick high quality companies that you think will surge over the next 20 years (Amazon, Tesla, Disney, whatever you think) and NEVER SELL.
This takes out some of the issues with active investing where people are getting in and out of the market at all the wrong times.
What do you think? Would this solve any of the problems with active investing?
edit: lots of awesome comments but I think some people aren't being as charitable to the proposal as they should. Using examples of companies that rose and fall after 30 years isn't very fair to the main idea behind this proposal. Let's say buy and hold for 10 years minimum. The basic idea is that you are NOT thinking... keep reading on reddit ➡
Here is some sophisticated DD for ya: Buffet dumps Oldman's Sachs, buys $GOLD.
This should not need any explanation for non-retards, but here we go anyway. The announcement came out Friday after the close of cash session, on a week with deep discounts on gold and silver. If you do not know what gold is: it is basically shit-coin for boomers. The news will circulate on popular news sites and social media over the weekend (it already is) causing a pump for this week. As the euphoria wears out in a few weeks, what will happen? By that time the retards in government will be forced to agree on A FEW trillions worth of stimulus to avoid getting lynched by the mob. More brrr => worthless cash => boomers run to gold and silver.
TLDR for retards; Dump your worthless fiat currency, buy gold, silver, and miners. Take delivery if you can. If you buy options, buy long term so that the theta-gang doesn't take your virginity on weekly OpEx. Your girlfriend's boyfriend will thank you when you... keep reading on reddit ➡
The man has been vigorously buying back shares of BRK.A and BRK.B, more vigorously than I beat my dick off. The gains he made were way more than last year same q and the stock is down like 20% from ATH and he's gonna make even more tendies off of apple when they split and the bank's when they get that free jpow money.
So how is he playing with mm's? He downplayed the good parts of the ER and told everyone to focus on the bad parts. What kind of retarded ceo does that? They usually pump the shit out of the stock. It's actually double retarded and therefore smart. He wants to keep the share price low so he can buy back even more stock with his 140 billion dollars so he can pay xingpi to suck his cock.
Thank you for coming to my ted talk. Tldr buffet likes cock
>“We first make our habits, and then our habits make us” –John Dryden
To create habits that last you must first understand 3 fundamental concepts: The habit loop, the power of systems, and the psychological warfare involved in creating habits.
In Charles Duhigg famous book ‘The Power of Habit’, a fundamental concept about the nature of habits is revealed. The concept is called ‘The habit loop’. The habit loop consists of three main elements:
The Cue: Something that influences us to initiate the habit, sometimes called a ‘trigger’. These cues can come in a number of forms; they generally create an emotional response that compels us to act on the impulse.
The routine: This is when you are performing the habit; generally you will be on autopilot as the habit at this stage is ingrained deeply into your brain. For instance, when you are brushing your teeth, you go through the same motions every night. Your... keep reading on reddit ➡
Warren Buffet, in a shocking move dumped all his airline stocks in April taking a hit of approximately $5 billion resulting in significant losses for his airlines portfolio. Critics argued that the shutdown was temporary, and air travel demand would bounce back.
Shares even regained the lost value by May prompting many to call Mr. Buffet’s decision unwise. Even the CARES Act was designed keeping six months in mind after which travel demand was expected to pick-up.
Four months after the sell-off, the aviation industry is in deeper crisis and looks like Warren Buffet was right.
Here’s the link https://www.rateacabincrew.com/blog/post/warren-buffet-was-right-about-selling-entire-us-airline-stocks
This was actually a shitpost I did to make fun of the most awarded posts on r/stocks this past week. OP was tooting his own horn about how his "Buffet strategy" of buying tech stocks at the March low somehow qualifies himself as a value investor, and then wrote a paper of what we already know here in WSB, which is:
"Buy the dip, Fxxxxx" - Warren Buffet.
Somehow proving that you can make money by sheer dumb luck is against that sub's rule, so mods over there removed it, lol. Enjoy.
I believe I did pretty well in the market this year. My networth increased ~200% since its lowest point in March, from ~750k to ~2.8m.
Account 1 Went from low of 350k to current 1.2m
Account 2 Went from low of 390k to current 1.6m.
I beat the S&P500 by over 190% YTD in my 2 separate accounts.
I did this by NOT following some basic investing principles, YOLO my life savings into only 2 stocks, FSLY and TSLA, and investing in area... keep reading on reddit ➡
The new update has allowed us to share links to help each other out at buffets and takeout.
Edit: I wasn’t aware you could help at takeout as well,
be mindful that there are 2 separate chats, one for buffet and one for takeout!
When you start to feel down on yourself about a FOMO, panic sell, or bad trade, just remember that Warren Buffet sold all his airlines at the literal bottom for untold millions lost and then sat on the sideline in cash for this entire run up
Edit: Wow thanks for the award! My first on Reddit :)
Edit 2: this post has doubled my overall Reddit Karma. Glad we can all take a breather and realize we are all human and not take ourselves too seriously. Now what’s the ratio between Karma and Reddit gold, 100000000:1? LFG!
I'm in central North Carolina and most of the Indian restaurants or buffets offer an spicy red Onion Chutney as a side condiment. I've tried looking up the recipe but most of them do not seem quite right - they call for adding tomato paste? Any help would be greatly appreciated.
Edit: To clarify - it's a spicy, red in color chutney, made with raw white or yellow onions - not sweet with no hint of tomato.
Edit 2: Link to what the chutney looks like - https://imgur.com/a/hNcO7SJ - I have had it a variety of Indian places - at least one Nepalese, others southern style.
So AAPL will start trading post-split on August 31st.
In my opinion, this will be the perfect time to sell naked puts against AAPL, because this great company will finally be around roughly $125/share.
I plan on owning a ton of AAPL shares anyway so why not sell naked puts and collect premium along the way until you get assigned?
I currently have $15,000 that I have on the side, so the highest strike I can sell my put is 150.
(100 shares x $150/share = $15,000)
Does anyone else have this method in mind?
From the latest House of Strauss podcast at the 1hr 3min-mark:
"I also heard the story of an NBA player, a minimum NBA player, who was cut not because he wasn't good enough or anything like that, but because the team breakfast buffet was cancelled and the star player said "why we cancelling the breakfast?", "oh because it costs too much', and he said basically "does it cost as much as that guy?" and that guy got cut and the breakfast buffet long lived on."
I was just wondering; my dad and a few of his friends owned the place and they were there for a really long time. I’m just curious to know if anyone remembers that place. Please share whatever good or bad story you’ve had of that place.
If you used to go a lot and remembered a little girl running around, that was probably me, or my sister.
SOHO Asian Cuisine was owned by one of his friends, solely. He was a nice boss, and I worked for him.
It’s currently an El Paso Mexican Restaurant.
I think that we are perhaps entering bubble territory with how insane the market is getting right now. Not only that but the amount of money that’s being printed is decreasing the value of the dollar. Meanwhile there will always be a limited amount of gold in the world.
And so maybe the rationale would be to hold onto gold and then rebalance once the crash does happen? Or is there something else I’m missing?
and there was this girl only choosing vegetables?
I thought, I’ve never seen herbivore.
Very green in the market so just curious on what your guys thoughts are on this:
After always talking down on gold, Warren buffet finally bought into gold stock's. He sold off many of his banking shares and bought ABX.
What are your guys' thoughts on this? Is it a good strategy to buy ABX as well?
Edit: I worded my title wrong. Should say stocks, not gold. But I'm sure you guys know what I mean. Helpful answers would be nice. Don't need any smart ass remarks. As I said above, I'm green and would like to know the significance of this change in strategy by him.
Every piece of evidence I've seen has shown that market timing is impossible and will lose in the long run to just buying and holding. If this is the case, then why has Berkshire been sitting on over $100 Billion in cash for the past few years?
You know how ever since the semester started the italian place at the north spine has this 3 dishes for $6 thing? what are the dishes?
I'm super curious about it but not curious enough to make effort to scan a qr code and walk in to see for myself.
I really enjoy all-you-can-eat korean BBQ or similar cuisine. However, I want to savor the experience alone (and I have very few friends). I have tried going to a few Korean BBQ places in Los Angeles and asked for a table for one but was rudely and mockingly turned away and this has made me traumatized and anxious to try it again.
Is there anywhere in SG where they offer tables for one? Please share your experiences with me. Appreciate it :)
It bugs me when people say warren buffets idea of investing which is hold long term and put in sp500 and that you can't beat the 10% returns of the sp500. People don't realize that he is referring to people with HUGE CAPITAL. When you are working with 50k it's different than trading 50 million. I can very well make 15% in a month with 50k but would differently not be able to replicate that with a 50 million account. He even said it himself
"if I was running $1 million today, or $10 million for that matter, I’d be fully invested. Anyone who says that size does not hurt investment performance is selling. The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.”
Then when I tell people I make 10% on 50k a month I get the stupid comments... keep reading on reddit ➡
Hey guys! In the chat room, correct me if I'm wrong, but I don't see any rules written about how we should go about the buffet links.
I just noticed that some would sometimes repost their buffet links in less than 2 minutes. I was also guilty of this before, so I'm sorry, but then I made a realization that we shouldn't repost our buffet links at least within a 5-minute time frame?
Maybe, as a community of players who enjoy playing Animal Restaurant, we should help out each other by setting a few guidelines on how we use the chat room?
I've read before from u/lwrentay a brilliant suggestion. Since we all benefit from the chat room to share our buffet links, it would really be helpful if we also make sure that we don't just post links there but also help out our fellow AR players. I just noticed that sometimes, I would post my link and come back maybe after 30 mins and see that no one has clicked on my link, yet there are numerous buffet links posted after me :( I don't blame anyone... keep reading on reddit ➡
Figured I'd add this in a different post than my Viking Braggot one. We had to-go lunch from Saigon Cafe off of W. 11th by Target yesterday. First time I've tried their banh mi and I was pleasantly surprised by the flavor of the spicy pork and the amount of meat I got for a $6 sandwich. They even put the veggies in a sandwich bag so they didn't get all wilted on the drive home.
While waiting for our food to go I noticed people ordering from the Mongolian place next door (Jung's). Last I saw they had a fire and were closed. I couldn't imagine a buffet outfit being able to open any time soon.
They have a 'menu' that you fill out with what you want in your stir fry and they make it for you to go as well. Didn't try them this weekend but will next week.
Eat on Eugene!
It seems to me the news was intentionally released after United States trading hours that Warren Buffet had gone in substantially on Barrick. Barrick is substantially up after hours. So are other miners such as Yamana (AUY) and Franco Nevada (FNV).
I thought it would be interesting to hear other opinions on what the outcome for this is when the markets open Sunday night/Monday morning.
Where do you think stocks for miners are going? How about the metals themselves? The dollar? Bond yields? What does this actually impact when trading resumes?
reply with your buffet link and me (and hopefully other redditors will help you out!)
Title pretty much says it all. Warren Buffet is in his late 80’s and one of the main reasons people invest in BRK in the first place is because of the trust they have in Buffet. So wouldn’t it make sense that if he does a sell off would occur?
Obligatory mobile warning.
I saw paper signs on a chinese buffet that said “grab only what you are going to eat.” I do understand that I’m not going to grab a bunch of food and then suddenly decide not to eat it all, but I’m also not going to measure how much chicken I can eat before I get full. I thought the whole point of buffets was all-you-can-eat, not all you can eat until you start to feel full.
I don’t work at a chinese restaurant or go there every day so I’ve never seen anyone throw a lot of leftovers, but If there’s some chicken leftover and I’m completely full, I’d rather throw it away than put it back in the hot trays.
Evening. <blows into microphone> The buffet is now open.
I love my DA apartment, my dark leather chairs, wooden accents, and all that. But I pretty much wear Tommy Bahama shirts and polos with anchors on them exclusively. It’s like that meme of the the goth and the rainbow girls.
Like last night I was reading the Canterbury Tales and drinking whiskey in my armchair and then I walked passed a mirror and realized I was wearing flip flops, floral print shorts, and a T-shirt with a flamingo holding a drink and wearing a necktie saying “Is Mai-Tai on straight?”
Why my brain dumb???
I’ve been residing in this group for awhile I forgot how long and am enjoying all the stuff you great orks do better than the idiot followers of chaos do to try to get a gift from the powers of the warp as a thank you I’ve used a fair bit of warp fuckery and squigs to open...
A 24/7 squig buffet bar that will continue to add new and exciting dishes that all include squig!
Just be careful of the tentacles with eyes that turn into mouths and vice versa
Also do not grope the daemonette servers they will rip your hand off
Hi all. Yes. I am one of the goons that sold all of their shares in airlines due to the Buffet effect.
Still at a short term glance, it seems the airlines are starting to get back their very much needed summer air travel sales. And I can’t help but get FOMO with all the returns I would’ve seen if I would’ve simply held on to my LUV shares.
Full disclosure - I was taught when I first started out with investing to NEVER try out outsmart the gurus. If they sell a lot of their shares at once, it usually means they know something you don’t. Considering they have financial advisors and investigators when most small investors only have their eyes to go off of.
It may be too early to tell, but is it time to stop analyzing every single move Buffet makes? If I would’ve just stuck to my guns I likely would have had very healthy returns on my airline investment. I just felt forced to sell at the time since Buffet’s portfolio has such a huge effect on the market. Thoughts?
Which Investing style do you think will have the final laugh, Warren Buffet or Masayoshi Son, the guy who plays it safe or the risk taker?
Both are very different in their approaches to investing.
Warren Buffet takes the conservative approach to investing that is proven and admired by the titans and established investors all over the world while Masayoshi Son is a polar opposite investing in corporations which have their feet in the future and who have shaken up their respective industries but also have a huge risk of not working out as planned but if it does has huge reward potential.
COVID 19 did hammer their profits this year but both are capable of bouncing back given the huge footprint they have in the markets around the globe.
Who do you think will come out on top in the long run? Who would you bet on and why?
My babe is almost 11 months old and squirmy af. Won’t sit still for a boobin during the day. So I’ve started to lay on the floor, boobs out, and just let him have at it.
Guys this is big, sure silver isnt involved with the news headlines, But you already know Silver is the most under valued asset and if gold / Miners are gonna explode next week because of this news, we know silver will have its massive rally.
This pull back in price was needed, every one calling the top but really this is just the start of one of the greatest bull runs in precious metals. Turn every piece of fake paper you can into proper value while you can, get some rocks.
One of the most successful investors of all time doing a total 180 and buying into gold - which he has always hated until now - it is no small thing, Slashing his bank shares , he can see inflation a mile away. To be buying in now balls deep, he must see a much higher price then 2000 for gold , as a long term investor.
What this means is all the big finances and journos are gonna make it Rain down on cash for bulls. We are going to the moon
And upvote those which are particularly good (good food, good deals, good restaurants).