Why RobinHood? Why paste in this status?
> Well, I have been playing with the stock market since around 1994. It has not always treated me kindly. I honestly have not always made the best decisions. But, that is the deal with the market. You gain more, the more you are willing to risk. Among my peers, I was encouraged to think about monetary accumulation earlier than most. They always figured that because I was thinking about it so early, I would, of course, be fine with it over time. That thought of me depended on a lot of things.
> I suppose I cannot deny that I am an American and I have been up to this point. Most average Americans do not think in terms of monetary accumulation as it relates to the stock market unless there is career specialization. So, anyway, I began early to think that the stock market was interesting without having a career specialization with it.
> Good idea? Bad idea? Time doesn’t need to tell. In my case, it was a bad idea. It doesn’t need to be a bad idea for others but in my case it was because I do not have over a million socked away at this point. And, that is precisely how I measure whether or not it was a good idea to pay attention to the market(s) early. In my book, there is NO other way to look at it.
I have homed in on a couple of key trades that I made between 1994 and 2001 and my finances would be in much different shape now if I would have held instead of sold. But, I sold and that is all history.
> I got back into the market in 2013. Since that time, I have made both good and bad trades but overall, I would say I have made bad trades. I should have doubled my portfolio by now but I am not a strict index buyer like most people that come into contact with the market. Sometimes I try to find lumps of coal that will turn out to be diamonds and sometimes I pay attention to the foreign markets. This is partially because I got into the markets while living abroad.
> So, what is with today’s post? Why RobinHood and why is your portfolio doing OK in the past 6 months. My initial investment with RobinHood was $500. I figured, “hey, wtf”, I throw money at dumbass shit in 2 other accounts I might as well try a commission free account. I am used to this company by now since I opened my account 6 months ago. Most people are probably like “He’s making another dumbass move with money like the thousands of moves he’s done already otherwise he would be driving a Porche around town(non-rental).”.
> Well, 99 times out of 100, whoever would have said that kind of thing would be correct. But, because I never touch this account, they are wrong. I just let this account sit. And, it rakes. It won’t rake forever, of course, because I recommend selling if the Dow index goes South and you lose 20% of your gains.
> Butt, for the time being, you can’t go wrong based on the 2 stocks I have chosen because their prices don’t fluctuate drastically and that is the whole idea. I was sort of interested in beating the banks with this account and I didn’t just beat them, I have destroyed them. They will always say that my 2 stocks are too volatile or risky. Always. They have nothing to offer you but “security” or a mattress to stick your money in to. If they were to offer you risk and things went South, you would hate them. Real estate seems safe in the past 10 years. Go for it. Nothing can generate returns on your investments like real estate. Ever wonder why a real estate king was elected president? Nah, don’t bother. Seriously, don’t bother. It isn’t worth thinking about now. Especially now. This is not a joke. $500 in 2/17 to $540 in 8/17 is only taking place because the US real estate market is stable. OK. I can buy that.
> Almost anything you want to say about money is OK at this time. Almost anything you want to say about real estate is OK at this time. I can buy that. Maybe, for once, the market won’t slide. Maybe, for once, this is a time of unprecedented US wealth. I can buy that. Seriously, I will not disagree at all. You will only catch me questioning people when the Dow index drops back to about 15000. For now, I will simply agree with anything anyone ever says about money. No joke. If you have 2 incomes of $14 an hour and you both work at Amazon, and you are buying your first home for $120k. What ever you imagine you could ever say about money I will agree with. If you are in your 20s and you are forking into your 401Ks, and all your holdings are with the index, I would be happy to say that when that index hits 30,000 you guys are going to be looking at more financial security. No problem at all. That is now, these are these times.
> Wouldn’t you like to know which stocks have generated $41 since 2/17? I think I will probably tell you for free but I am lazy tonight and it may be in the next screenshot. Don’t expect the next screenshot to be higher, either, it may drop back to $525 for all I know. Thing is, when you sell your house, you are selling it for the $25 as in the difference between $500 and the appreciation of capital of $525. Can you sell your house as fast as I can sell that $525? Maybe, maybe not. That is now. These are these times.
