Economy

Fru said:
To this day, Doge and another shiba themed s***coin are the two best “investments” I’ve ever made. No analysis or anything. Just a whim. 
 

Dollar cost averaging SPY has been good. But when your best investments are dog themed pretend internet currency… it’s a little tough to go back to the slow and steady SP fund strategy. 
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YES YES YES!

I know exactly what you mean.  That is why I have my "fun" account.  This account is just for those quick gains.  100 dollars here, 500 dollars there, and sell.

Doge was sort of my first time trying to just make a quick dollar.  I think I have like 900 of those coins still.  I never sold it because I was just hoping it would keep climbing.  I really suck at the crypto stuff.

I sort of learned my lesson with that and now when I do it with stocks and I make, what I consider to be, a nice profit, I dump it and move on.

 
Dr. Strangelove said:
I think I saw a report that basically compared the revenue - is basically the same as an average singular Fast Food franchise, but with a $3 million dollar per day operating cost. 

I don't know when Trump's shares can be cashed in, but this stock is going to crater shortly after.
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In November, when he gets beat, that stock will be gone.

 
Dr. Strangelove said:
I think I saw a report that basically compared the revenue - is basically the same as an average singular Fast Food franchise, but with a $3 million dollar per day operating cost. 

I don't know when Trump's shares can be cashed in, but this stock is going to crater shortly after.
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Somebody is propping up the stock.  I’d love to know who is buying it at the current price. 
 

Seems like a good money laundering scheme. 

 
teachercd said:
YES YES YES!

I know exactly what you mean.  That is why I have my "fun" account.  This account is just for those quick gains.  100 dollars here, 500 dollars there, and sell.

Doge was sort of my first time trying to just make a quick dollar.  I think I have like 900 of those coins still.  I never sold it because I was just hoping it would keep climbing.  I really suck at the crypto stuff.

I sort of learned my lesson with that and now when I do it with stocks and I make, what I consider to be, a nice profit, I dump it and move on.
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That’s a good strategy. I physically cringe whenever I see screenshots of people dumping their life savings into a meme coin or stock. 
 

Same with me for Doge. I threw a few hundred at it when it was well below a penny. Probably should’ve harvested some profits at the peak. When it started to come back to earth I pulled out my initial investment so I still have a few thousand as house money on the off chance it hits a dollar.

I think there’s an old adage that goes “Put in at $10. Pull out at $20.” I try to keep that at mind with this stuff.

 
Fru said:
That’s a good strategy. I physically cringe whenever I see screenshots of people dumping their life savings into a meme coin or stock. 
 

Same with me for Doge. I threw a few hundred at it when it was well below a penny. Probably should’ve harvested some profits at the peak. When it started to come back to earth I pulled out my initial investment so I still have a few thousand as house money on the off chance it hits a dollar.

I think there’s an old adage that goes “Put in at $10. Pull out at $20.” I try to keep that at mind with this stuff.
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I have read that Doge could hit a dollar and that will probably be as high as it ever goes.  I would be fine with that!

I don't use Reddit enough to pick up when the next Reddit Army Stock Manipulation will take place but as we just saw last week, it will happen again.  

I also no longer add money to my "fun" account.  It has been a good 10 years since I put anything in, maybe longer.  I am just trying to grow it with what I had in there.  

 
commando said:
MAGA is b!^@hing about LOWER gas prices?   :facepalm:
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They also b!^@ched about trying anything to secure the border... :facepalm:

I get it...."it wasn't going to do anything and people would still swarm the border!"....

Well, try it.  If it doesn't work, Trump can run on it and fix it in 12 months.  Right?

 
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