Stocks of companies are on sale right now, and this especially happens during market downturns. The goal of investing is to buy companies when they’re low and sell when they’re high (or when you’re 40+ years old and filthy fuckin rich/plan to retire with all your capital gains).

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aburyrat 6y ago

Depends on what your disposable income is. Set aside a certain percentage of your income you’re comfortable with investing. As long as you’re being consistent with your investments and you’re in it for the long haul

TheRedPillFinance 6y ago

Everything is on sale. Some more than others.

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[deleted] 6y ago

Don't bother with Robinhood, total shitshow ( outages, lack of customer support etc.)

SalporinRP 6y ago

Before Robinhood was a great starting point due to the lack of commission fees but with TD Ameritrade and Schwab also going commission free there really isn't much benefit to Robinhood besides the app looking nice.

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[deleted] 6y ago

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ExFavillaResurgemos 6y ago

That's for the advice, I had just transfered 500 yesterday to take advantage of the stock dips but it's clear I need more research

FunderThucker 6y ago

TD Ameritrade thinkorswim

bsutansalt Vanguard 6y ago

I'm a huge fan of M1 Finance. Their trading window system helps prevent FOMO/emotional trading like what you see over on WSB in concert with Robinhood.

TheRedPillFinance 6y ago

M1 Finance for sure. Think or Swim is decent too, but with TDA getting bought out by Schwab, that one is up in the air if you are looking long-term.

andreas-mgtow 6y ago

I personally use Fidelity for their managed ETFs and Ally for single stock trading.

8380atgmaildotcom 6y ago

TRP sold out.

Was expecting referral links and was surprised not to see them in the body of the post but a skim through the video and there they are.

Fuck you for being a sell out. 21 convention 2.0

TheRedPillFinance 6y ago

I don't understand your critique. I tried to add value by explaining my position and letting guys know what's happening, which is why I included links to the other videos about my strategy rather than straight shilling referrals.

Now that I read your post I realized people may actually miss them, so here they are for easy access:

► M1 Finance
► Robinhood
► Schwab
► Webull

I don't care who's referrals you use, just don't leave money on the table.

8380atgmaildotcom 6y ago

https://www.azquotes.com/picture-quotes/quote-it-is-inconceivable-that-anyone-will-divulge-a-truly-effective-get-rich-scheme-for-the-victor-niederhoffer-54-19-09.jpg

Marsupian 6y ago

Yo dipshit, investing with the aim of letting your money follow the market value is not a "get rich" scheme. It's a "don't be an idiot by leaving all your savings in a bank account to get fucked in the ass by inflation" scheme.

Stop the concern trolling about some fucking referral links.

bsutansalt Vanguard 6y ago

This is all about building power and status. Did you even watch the Sunday show he did? This ties directly to it.

You can either use this market pullback to your advantage, or be victim of the crash like most everyone else. It's your choice.

8380atgmaildotcom 6y ago

This is all about him making a profit using trp as sprinkled in with generic information. The act of profit seeking veiled in pseudo self righteousness to help those less fortunate is selling out.

https://www.youtube.com/watch?v=P18UK5IMRDI

He doesn't care about helping people. He cares about his bottom line. Remove the referral codes and see if he is willing to distribute the information.

bsutansalt Vanguard 6y ago

I know him personally and he's already sunk over $500 into getting the channel going and is taking a HUGE personal risk putting his face out there. The channel will also likely will never get monetized because of the content, therefore getting some kind of ROI from referrals and patrons is sensible. Even /u/redpillschool has a Patreon to help defray costs form running TRP.RED.

Furthermore, YOU benefit by using the referrals. Free cash and stocks are to YOUR benefit. Nobody says you have to use his referrals either. The key takeaway is by not using them you're leaving money on the table. That's dumb, especially if you're young and just getting started as that extra $10 or free stock can really help.

You're literally looking a gift horse in the mouth.

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OPs_Real_Mom 6y ago

Non available to non-us residents

claykiller2010 6y ago

Anyone know of any good commodity ETFs, particularly Gold/Silver and Oil. I figured with both of them dropping, I should buy some ETFs soon cuz last time Oil crashed, it went back up pretty high (OPEC needs that shit to go back to $100/barrel).

I use Schwab BTW.

aburyrat 6y ago

For oil I track USO (near month WTI futures contracts WTI) and OIL (front month futures contracts). GLD for gold

Versecker 6y ago

Are any of these good for people outside of the US? If not, would you be able to recommend any that meet the criteria? Thanks!

[deleted] 6y ago

Tastyworks would be an option if you're based in Europe and only interested in US equites. American Options available too.

bsutansalt Vanguard 6y ago

Webull is Chinese IIRC, so I'd be surprised if they don't have an overseas option.

[deleted] 6y ago

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bsutansalt Vanguard 6y ago

Good for you! Don't let things slide, be sure to get the account funded and start researching price targets now.

TheRedPillFinance 6y ago

Here's some figures to consider here from when things were at their peak: https://imgur.com/a/129tIKT

As of this morning we've broken support (~$271) and are down about 22% from the peak, which is well into the 18-34% pullback territory. If you don't already have a brokerage account, now is the time to get one set up and funded (see link above) so you can capitalize on the historic opportunity this represents.

It does suck for those being impacted by the market, but hopefully you've been doing as suggested in my previous videos like the one below and were building up a cash reserve.

https://www.youtube.com/watch?v=kgydtjmxCSc

Using SPY as my guide, my cues for when to buy are: $271, $237, $203, and $168. Every time SPY reaches one of those points (or close enough to them) I put 25% of my cash reserves into the market.

edit: Here they are the referrals for easy access:

► M1 Finance
► Robinhood
► Schwab
► Webull

10211799107 6y ago

So in a way your DCA'ing but also buying on the way down. How do you know when to stop, when your cash is up?

TheRedPillFinance 6y ago

Right, my methodology allows us to capitalize on a bear market that dips up to 40%. If the market pulls back more than that and is a true and proper crash, then instead of putting money back into savings to rebuild the cash reserve, then just shove it straight into the market to keep buying as the market continues to fall.

My plan for a 40% pullback more than adequately prepares you 99% of market corrections and crashes. The giant 50% or more only happens a few times a century. Granted the last time it happened wasn't all that long ago in 07-09. That being said, I said it months ago that we could potentially see a crash of 40-55% this go around given how long the bull market ran. Historically the longer the bull market, the more significant the crash/correction.

10211799107 6y ago

You must have a significant stash of cash. Most people will lose jobs and if they have an emergency fund hopefully to help them out. Sitting on a lot of cash is a split sword. Keep enough cash for emergencies but at the same time you could dip into the market and make gains. But then you get laid off. Which will fuck you.

TheRedPillFinance 6y ago

Check my profile for the pinned thread on the Financial Order of Operations. And I've made videos that detailed my cash saving strategy for the next major pullback like what we're experiencing. E-fund + extra for buying the dip, or as Warren Buffett and Phil Town like to say, "when it rains gold go out with a bucket, not a thimble."

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ThinSpiritual 6y ago

Following up on this. I previously thought 15x on $165 S&P earnings would be a base case scenario. My view was that caseloads will explode once the US starts testing, panic ensues, but people will also start to pay attention to stable and low death rates. But now Italy is at 7.7% death rate, which shows the importance of having enough ICU beds. If the market starts pricing in major outbreaks in US cities, we probably have more downside. Just curious to hear your thoughts (I know this isn't TRP related but I always like your rational way of thinking/writing).

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ThinSpiritual 6y ago

Good advice.

I generally think that I'll enter when new case count starts to peak.

bsutansalt Vanguard 6y ago

Remember your audience. Most of the guys here probably don't have extensive experience with investing. Them getting into options trading would get them wiped out in short order, as we see all the time with the guys over on WSB.

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SalporinRP 6y ago

Yeah the noobies should really just get their toes into the water by taking long positions in solid companies with good financials.

That being said Disney options today made me like 6k in the span of 4 days lol.

aburyrat 6y ago

I’m in the same boat. Disneyworld/Disneyland parks being closed and sports canceled (Disney owning Hulu) calls for shorting that mouse into its hole where it came from.