$AMC Entertainment (AMC.US)$ i'm a strong believer in "don'...
$AMC Entertainment(AMC.US$ i'm a strong believer in "don't invest what you can't afford to lose", and while i had access to more cash to put in, i didn't what to let my cash on hand go below 6 months of savings.
if was willing to be a little risker and keep maybe 3 months on hand, i would be up A LOT more right now. at the end of the day i definitely still feel i made the right decision, but seeing the gains on what i did put in, it's hard not to think "what if".
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
ducklol : So let 6 months of savings die to inflation?
TaMA_ChaN : I am in the same boat wIth you. I cannot even Comprehend how people lIve day-to-day salary (some are based on choices or lifestyle)
To me i WANT at least 18months of spare cash, because what I am out of job for that long?
But after in 2018, my colleague introduced me and educated me how investment works.
So i slowly take out spare cash into secured investment.
But during covid, those earning peanuts, hence i drop my 12mths into stocks. Long story short, my US shares is all playing using my winnings. And my DD, i am in AMC since Mar around $10.
I ain’t sell till it is 50-100x
TaMA_ChaN ducklol: You can say that, or you can be like me. ‘Due to covid, i cannot travel. I took the money and throw into AMC. If i lose, it is the same as i spend on travelling. If i win, i win.’
ducklol TaMA_ChaN: And what about the 6 months savings getting eaten by inflation?
Rachops : I don't have 6 months savings. This is all in or nothing. Lean wallet. Suffer now win later.If don't win continue to hold and then work it off.
TaMA_ChaN ducklol: Inflation is around 2% per annual.
Buy or not, win or lose, that will slowly burn away. Not sure what you trying to implied but inflation is ALWAYS there, see how Deal with it. Not what meme stocks you get.
ducklol TaMA_ChaN: im not implying anything.. im actually asking u what your plan is with the 6 months worth of savings... i mean since you mentioned it, i figured you had a plan about it.. i guess people cant ask questions anymore these days without being attacked as "implying" things..
ducklol TaMA_ChaN: so next time, dont declare information about yourself that you do not like people asking about... we're all here to learn and not get so sensitive and thinking everyone is "implying" something
AlphaWolf01 ducklol: Duck being a negative karen doesnt do you good, behave. :) Tama, has no obligation to tell you what they want to do with their 6 months of saving, they may not even be affected by the inflation, as ever so concerned of others finances you are.
ducklol AlphaWolf01: sorry but i was merely asking him how he plans to beat inflation with his savings. i dont see how that is negative at all.. maybe he has a plan that i could learn from (as i said above we are all here to learn from one another)... and stop THREATENING people to behave
View more comments...