The Get Irked Week in Review
Episode 2 - August 16 to August 24, 2018
In the markets:
- We watched the markets hit an all-time high and set records for the longest-running bull market in history.
Getting Started – Tools & Resources:
- Our Getting Started series continued with a feature about what makes a quality stock and how to pick them.
- We also released another Getting Started piece about how to calculate capital gains and estimate your tax obligations (hint: it’s far easier than you may think).
- We reviewed Yahoo Finance and explained how and why it’s better than Google Finance.
- We put together a reading list of great mindset and investing books to read or listen to as audiobooks.
- We took a deep dive review into Robinhood – the free brokerage – and determined it to be a good platform for investors and traders not trading in IRA accounts who are interested in trading with no commission (we still recommend opening a premium brokerage account, too – they’re free – and using the premium account’s research tools but trading on Robinhood).
- We discussed how to look at market-wide sell-offs as buying opportunities and not a reason to panic-sell.
Trades in Play:
- We revisited our position in the fresh IPO, Sonos ($SONO) and how to handle its volatility.
- We looked at a high-risk/high-reward trade in Liquid Metal ($LQMT).
- We also reviewed a low-priced alternative play in the cannabis sector called Cannabis Sativa (CBDS).
- We watched Nvidia ($NVDA) collapse after missing on their earnings report and discussed next steps and then bounce back up toward the end of the week.
- We looked at the strength in Apple ($AAPL), holding up during the Turkey Financial Crisis then opening “gap-up” on August 16.