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What are your investing/trading moves this week?
Do you expect a Fed rate hike, pause, or rate cut on June 14?
I personally believe the Fed will surprise the market with another rate hike because although CPI has cooled, core PCE has remained sticky and the Fed doesn’t want inflation to rear its ugly head at all costs.
According to the CNN Fear & Greed Index we are at “extreme greed” levels not seen since February 3rd, which also coincided with a temporary market top.
This leads me to believe the market will begin to fall over the next few weeks until we hit “fear” or “extreme fear” levels again around July.
The avocado I bought the other day is ripe
I am just a guy who puts $50 down a week so I'm not making any major plays. I am just putting more money into VTI for the next foreseeable future until I find my next target.
I managed to grab ~100 shares of SOFI when it was at $5.50 so I am pretty happy about that. I just want to find another <$20 company to invest for a few weeks now. I am hesitant to put more money into SOFI since it is so volatile right now. I half expect it to drop to $6 again at the slightest resistance.
I expect Adobe will do well with post earnings reactions later this week due to the AI hype right now. But that stock is too rich for my blood.
Sofi is a great choice considering there will be millions (if not billions) of dollars of student loans due to be paid back, and Sofi is in a great spot to take advantage of that
I've been a long term customer of SoFi, and I have shares from pre-IPO days. Right now I have 800 at 7.53 cost basis, and I just sold a couple $8 call options at a nice profit. Happy to sit back and watch for a little while.
Yeah, I don't want to raise my average right now until I know it has a new floor.
Sadly, I bought 20 6/9 calls for $5.5 and sold them for a small profit at like $0.15. Last I checked, they closed out at way above $3 last week. Very sad day for me!
I opened a public account and bought a $5 share of Disney. I’ve been sick so I haven’t been able to watch it much, but my plan was to buy a couple shares of Disney while it’s low following the stuff in Florida and then make a couple bucks when Disney inevitably goes back to normal.
I’m also bullish on Disney over the next year or two especially after all the DeSantis drama blows over.
Right now the market is in greedy territory but when it goes back to fearful territory I’ll be buying $120 Disney call options expiring next year.
I have a few different brokerage accounts but honestly recently I've just been putting all my money into Sofi's automated investing service. There are no fees and the returns aren't half bad considering there's no research or input needed.
Takes a lot of the stress out of casual investing, I know I probably won't be making any huge returns but I'm happy just trying to match inflation and not lose a ton of money.
For reference I have about an 8% return since last year
Never heard of this, thanks, going to look into it.
Well I wasn't planning on making moves, but I guess I'm buying real estate this month...
I bought into Fuelcell Energy because I think Hydrogen fuel cells are going to become important in the next few years or so as the production of electric vehicles strains current manufacturing and resource supplies.
Also because they're currently trading at ~$3, so I can actually afford it. :3