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Magiccarpetrides

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Posts posted by Magiccarpetrides

  1. If you thought Monday was ugly.... Jerome got something special worked up for you today.  Back to betting with the bears...I'm sure we will get some nice mini rallies, but September is almost always the worst month of the year in any market so go negative or sit on cash.  I'm going to add to my puts on any bounce in the next week.

    • Like 2
  2. 22 hours ago, btq96r said:

    So, you're not going all in on the ARK funds anymore? 😁🤣

    haha a good lesson in always setting a stop...that was so 2021 btw ;-D

    the best investment right here right now is still Ibonds 9.2% for at least 6 months.

  3. ENERGY STOCKS...thats it....everything else right now is just overthinking it.  That being said I wouldn't buy anything til we see the rate hike tomorrow and the markets reaction.  No need to be a hero.

    • Like 1
  4. I-Bonds as mentioned early are really where the safe money is at...at least for the next 6 months (you only have to keep them for 1 year) If you buy them now since they adjust with inflation every 6 months you'll get an approx interest return of 8.5 % for 1 year...a helluva a good risk free deal.  If you pull your money out before 3 years the penalty is only 3 months of interest (so 35 months would pay you 32 months of interest plus your original investment).  Anyone not jumping on these now is extremely foolish.  There are some great videos on YouTube that break down why your best best is to go ahead and buy now before the May increase.

  5. Trailing stops are important and often so overlooked by most investors.  Of course when that stop does inevitably hit you need to have a plan.  That being said so far this year has been pretty darn bad for my personal picks.  I have been almost exclusively using SwingTrader by IBD that past 2 months...right now they are beating the market not by a lot but not losing money...which is better than I can say for me...as of RHRN they are up 2.48% while the S&P 500 is down -7.82%

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