(SPLG) let it sit for 50 years and you'll be ready to retire, I'm not invested but would be if I was a young adult. Factors determine your retirement level like how much you invest is key. Now, I started with $390.00 \~12 months ago using (GLD, AMZN, QUBT) and now have $1,920.00 and growing; that's about 33% interest...It's an experiment I'm doing in the stock market. Not great but way better than a bank savings account; it's like getting paid $128.00 a month.
P.S. Best advise you can get is find yourself a good Financial Advisor Fiduciary.
Gamma squeeze from outsized Q1 earnings brought it up from $55 pre ER to $90 all the way to $180. Basically how BNPL revenue recognition works is a lot of the fees incurred in Q4 transactions show as Q1 , making revenue & margins look elevated. Market ran on this along with the tariff pauses.
Then Q2 earnings was not as outsized as Q1 - prompting a large 30% drop and then since then been chopping at 80-95 before doing a crazy beeline down to 58 in the last month.
This really reminds me of GOOG at 150 price action wise.
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At first yea. Then somehow it will get harder and worse just like everything was easier and more efficient when it became digital.
Good thing I own GOOGL I guess.
It sucks though, bc back in 2019/2020 if you stayed on the daily discussion you could catch a pretty good ticker or short dd that would lead to making some big bucks. Cant tell you how many times I saw someone be like hey FB is about to announce a surprise merger with a company that should make the stock jump. Ended up being the Shopify announcement and I made about 10k on fb weekly’s within 2 hours lol. Also had a guy swear on his life that ccl was going to go crazy over the weekend and we spoke at length about it. So I bought a bunch of .05 calls with a 2 week expiration. I mean like 100 of them. Monday morning they sold for 1.50 each. Now a days you don’t see that as much anymore. It’s REALLY just a casino now.