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.
Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.