What Did You Buy Today?

[MikeWa]

(04-16-2021, 06:37 PM)fenders53 Wrote:

(04-16-2021, 06:15 PM)MikeWa Wrote:

(04-16-2021, 06:55 AM)fenders53 Wrote:

(04-16-2021, 06:42 AM)ken-do-nim Wrote: Is it possible the correction would take the form of a choppy market for a while, rather than a violent downswing?

Anything is possible.  The lack of anything like real choppiness is what causes me concern.  It indicates those currently invested are overly optimistic.  Stonks only go up.  That and the 100 tickers that went into ludicrous mode.  That was pure 1999.V2.  

My daughter texted me last night and asked me if I was putting Dogecoin in her new IRA.  Yeah, that kind of BS Is mainstream thought.  She didn't learn that from Dad. 

But if you did, you'd double or quadruple her money this week 

I am a lame financial advisor lol.  She was thinking we could throw $100 at it and it would somehow be a million in a few years.  She's confusing it with paying a few bucks for a bitcoin a decade ago.  She isn't going to understand how this works until a bunch of bubbles pop.  She is trying to take it serious though.  She is giving me a lot of ideas and I have no doubt she'll be ahead of the game on the next hot consumer products millennials like.  She is a bit socially conscious so we won't be buying Tyson the caged chicken murderers etc.  I will be a little careful what I suggest.

It's a good thing that you have full control of her account and can make more reasonable moves. My son is independent and unfortunately he follows reddit and makes his own mistakes.