Meta Plunges On Report It May Sell "Tens Of Billions" In New Stock

They don't ring the bell at the top, but they sure do sell a lot of stock.

With SpaceX, Anthropic and OpenAI looking to IPO hundreds of billions in common stock (not counting even more hundreds of billions in lock up expirations that will hit the market soon)...

https://www.zerohedge.com/mark...s-billions-new-stock

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How is your 401k doing?

Well enough that it’s FAR outpacing the increased cost of fuel in my household.

I might complain a little about the extra $200 or so I’m spending to get to work and back these days, but my fund is earning WAY more than that, and at a more rapid pace than before. So my b*tching is quite limited.

Big picture, y’all. Big picture.

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Originally posted by chellim1:
Meta Plunges On Report It May Sell "Tens Of Billions" In New Stock

They don't ring the bell at the top, but they sure do sell a lot of stock.

With SpaceX, Anthropic and OpenAI looking to IPO hundreds of billions in common stock (not counting even more hundreds of billions in lock up expirations that will hit the market soon)...

https://www.zerohedge.com/mark...s-billions-new-stock

Alphabet is issuing more stock too, $85B worth.

I’ve been pretty happy with the gains I’ve made in the past month plus after rolling half of my state defined contribution account to a Fidelity IRA…


Up until today where whatever tanked the market wiped out 95% of the gains I had made in the past 5 weeks

I’ll find out tomorrow how much of a hit the state account took.

The Market has been on a helluva rise lately. Today is, in my opinion, just a breather. Probably some profit taking too. It will all come back and more.

The account I actively trade:

1 wk (3.72%)
1 mo 2.3%
3 mo 9.09%

S&P fund SPY:

1 wk (2.77%)
1 mo .87%
3 mo 7.93%

I guess I should feel good, but losing nearly a years after tax/deductions pay (on paper) this week sure doesn't feel great, but I was at account ATHs so a pull back wasn't unexpected, I just wish I set a few limit sells lower on a couple stocks. Was bargain hunting, but the biggest sales were on stock I have already bought the dip on many times previously and don't want to add in these. My long duration bonds funds EDV and VCLT didn't get wacked as hard as expected from the excellent jobs report, so maybe we still have a rate cut possible this year, but continued good jobs and near 3% inflation may harm them further.

I'll watching as everyone else what happens in Iran with 20% cash looking for bargains.

A week ago I had the best day of investing in my life. Today was the worst day of investing in my life. This is why I like the diversity of Index/Mutual funds. You know it will come back and then some. With individual stocks there could be a company or product problem that killed the stock value and it might never come back.

The US market was down 2.7% today.

And yet it's still up 8% YTD, and up nearly 25% in the past year, and up nearly 66% in the past 5 years.


Relax.

Breathe.

My 401k is up 17% YTD.

JP

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Originally posted by Lunasee:
The Market has been on a helluva rise lately. Today is, in my opinion, just a breather. Probably some profit taking too. It will all come back and more.

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Originally posted by RogueJSK:
The US market was down 2.7% today.

And yet it's still up 8% YTD, and up nearly 25% in the past year, and up nearly 66% in the past 5 years.


Relax.

Breathe.

I tell myself that, but it is still a shock to see it. Thankfully I don’t need a distribution anytime soon.

I don't know how to pick stocks and don't have a lot to play with.
SanDisk is up over 600% this year, anyone pick that?
All these IPO's coming out this year, do you just buy some stock in each and hope it turns out well?
My Vanguard account is still making 16%, I make more than I spend so I guess I'm content.

Year over year, up 19%. Year to date, 8.69%. Today was brutal. Still not moving anything. We're on a fixed (but adjustable) monthly withdrawal. Currently taking 2% annualized.

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Currently taking 2% annualized.

In my Randy Moss voice. C'mon man

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Originally posted by Schmelby:
I don't know how to pick stocks and don't have a lot to play with.
SanDisk is up over 600% this year, anyone pick that?
All these IPO's coming out this year, do you just buy some stock in each and hope it turns out well?
My Vanguard account is still making 16%, I make more than I spend so I guess I'm content.

The only two individual stocks I have are Con Agra and Clorox (on doublesharp’s advice) interesting that they are about the only stuff I didn’t “lose” money on today.


I still have about $15,000 cash available to trade, would love to get SpaceX with it once it goes live.


The remaining funds in my state DC account. Took a pretty good hit today as well, not quite as bad as my IRA. Combined between the two, I’m back to about where I was in early April.

Looking forward to the Iran issue being resolved…

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Looking forward to the Iran issue being resolved…

I don't think that the stock market is necessarily tied one way or the other to what is happening there.

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Originally posted by old rugged cross:
I don't think that the stock market is necessarily tied one way or the other to what is happening there.

Sure it is. Everything is related. Nothing happens in a bubble.

quote:

Originally posted by Schmelby:
I don't know how to pick stocks and don't have a lot to play with.
SanDisk is up over 600% this year, anyone pick that?
All these IPO's coming out this year, do you just buy some stock in each and hope it turns out well?
My Vanguard account is still making 16%, I make more than I spend so I guess I'm content.

You will most likely never win just randomly picking stocks and hoping they do well. If you do not know what to buy, pay someone who does. And I am not saying to use a financial advisor (but use a fiduciary if you do).

There are plenty of people you can pay a monthly fee (or yearly) to get their research and stock advice. I have found that worthwhile. I am into buying undervalued stocks and I have done well with that. But, I pay for info to make sure there is a reason to buy them.

I think I posted earlier in this thread, but I am out of the market with 95% of my accounts. I am too close to retirement and can afford to not make any gains for a while (at least none that are significant). For a while means when I am assured that we are not going to see a major correction.

Could I be making 15% or more? Yes, but I could also take a big hit if we get the big market crash they have been calling for years now. I do not want to have to work longer to recover from a crash plus I have what I need to retire in 2 years. Anything more is just extra. Now, if we do have a crash I will be buying heavily. I do not have to know the bottom, I just need to buy at a point where I know it will exceed that again. I did that during covid and it worked very well.

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Originally posted by old rugged cross:

quote:

Looking forward to the Iran issue being resolved…

I don't think that the stock market is necessarily tied one way or the other to what is happening there.

I think it is tied, in the moment, for the panicky. Tariffs hit, stock market plunges. Same with the Iran war. Then it comes back with a vengeance. Everything Trump does eventually bears fruit. This has been quite a good year so far. Days like yesterday don't phase me anymore. But this thread comes alive. "Potter isn't selling. Potter's buying. And why? Because we're panicky and he's not."

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Now, if we do have a crash I will be buying heavily.

Same. Sometimes it's worth having some cash on the sidelines. That's not panic, it's the opposite. Buy when everyone else panics.

quote:

Originally posted by Schmelby:
I don't know how to pick stocks and don't have a lot to play with.
SanDisk is up over 600% this year, anyone pick that?
All these IPO's coming out this year, do you just buy some stock in each and hope it turns out well?
My Vanguard account is still making 16%, I make more than I spend so I guess I'm content.

Nope and nope! Picking individual stocks is gambling. Unless you have some solid inside information, but even then you can be wrong even when you're right.

IPO's are a huge gamble. There's big incentive to hype them and pump up interest to get the highest possible price on opening day. Chances are good you'll get burned, especially on the high profile IPOs.

Reading the charts, aka technical analysis, along with applying applicable knowledge of the industry, markets, and economy is the path to successful trading. You'll still have some losers, but hopefully more winners.

For long term investing, your lowest risk with decent returns is wide diversification.

You can get lucky by, for example, maxing out employee stock purchases, if that company happens to do well over many decades. Exxon and Chevron are examples. But you can also lose it all, like with Enron.

For pure entertainment like going to a casino, you could dabble in individual stocks. Losing money hurts too much for me to play those games any more.