MemberJune 8, 2021 at 10:55 pm
I’m so excited to see more and more people using apecrayons! Welcome to all the new apes!!
I don’t think I’ve seen any threads about why we’re holding so I figured I’d start one and maybe it would help us all get to know each other a little bit better.
I’ve been holding and adding to my position since January. I started with a pretty high average, averaged down, and then back up again. I’m sure most of you can relate. Haha.
I’m holding for multiple reasons. Initially it was to stick it to the hedge funds, to be a part of this huge movement sending a message that enough is enough and to earn a nice chunk of profit. After learning about all the evil doings hedgies have done and seeing that we can all hold together, it moved my price target up substantially. I still want to take out some of the top dogs but I also want to leave a legacy behind for my children and future grandchildren. I’m holding for them to never have to go through the struggles I’ve been through growing up in poverty. I’m holding for my mom who has been though a lot of hard times and never gave up. I want her to be able to retire and live the lavish life she deserves. I’m holding for my boyfriend who works way too hard to support me and our children, so he doesn’t ever have to go back to a job he hates just to put food on the table. Finally, I’m holding for all of you who have similar and different struggles so you too can have the things you desire and deserve.
Together, we are stronger than we know and our day is just around the corner! Much love goes out to all of you for helping make this all possible! ❤️🦍
MemberJune 8, 2021 at 11:15 pm
Pretty much the same here. Bought in initially at around 17 I think. averaged down, and back up. I thought it would be fun to be part of a group sticking it to the man.
Now I’m hodling for my retirement, or at least semi-retirement. I’m getting too old to be doing 12.5 hr day/nightshifts, with a 1.5 hour commute on both ends. Unfortunately my wife wants to move to a bigger house before I retire, so I need the money for that too. This will at least give me the chance for both when it moons. But if it doesn’t moon enough, I should at least be able to afford a nice new car to make the commute more comfortable.
MemberJune 9, 2021 at 12:37 am
Great post @FayeLikesThisStock ! Yes, welcome all new apes!!
I got in back in January strictly as a money play. Both GME and AMC looked good so I lightly got into GME but heavy in AMC. Been adding to my AMC position ever since and held a decent cost average until now but that’s ok.
I started out holding for they money but then it became about the principle and justice for all the wrongdoing that’s been going on.
I’m holding so that I can pay off some CC debt, my vehicle, and retire.
I’m holding for my nieces and nephews so that I can pay for their college.
I’m holding so I can pay off my parent’s mortgage and the can retire.
I’m holding so I can help less fortunate people in my community.
And I’m also holding for all the apes so they can get financial freedom.
Much love to the ape community! 🙏🐵
MemberJune 9, 2021 at 1:23 am
I am still working on understanding how I got as far in as I am and why it feels nothing but right. I need to touch on this if I have a shot at you understanding why I hold…
They hadn’t even started working on a diagnosis for autism when I was a kid, my asperger’s wasn’t diagnosed until I hit 30. All you really need to know about autism if you aren’t on the spectrum is that it probably isn’t anything like what you think. One impact on me has been a lifetimes abundance of caution. In my life I’ve spent a total of 85 dollars in slot machines and purchased 4 lottery tickets (2 small winners). I DON’T GAMBLE.
I started buying in at 5.05 ending up with an average today of 10.50 and I have never doubted my involvement once. The main underlying drive behind my holding is knowing deep down that this “caution” will be behind me and for me, that’s a bid deal. Beyond that, yeah I’m looking forward to a new motorcycle and paying off our mortgage and debt. I find myself dreaming of setting up a nice nonprofit for Autism advocacy and support in our area. And yes, the thought of rubbing my smug son in-law’s nose in it a bit brings a bit of joy…
AnonymousDeleted UserJune 9, 2021 at 5:36 am
Initially I got in for the lolz, I started reading everything in Feb and got in in March, I was bored and I thought “at least I can say I was part of this crazy meme stonk thing”.
Then things got more complicated, and the blatent corruption begun to show. Then whilst all this was happening, more and more people are coming out of the pandemic like “why the hell did we put up with being treated this way for so long”.
My mum is 74 years old and is still doing cleaning jobs on the side, she smoked from 15 to 55, so her lungs are shot out, if she didnt quit when she did she would be dead by now, but she can’t get up stairs without a 2 minute sit down and her inhaler. This woman is a queen, and she’s still having to work and it breaks my heart it really does. I just want to give her some money to relax with, and to do the things she enjoys whilst she still can.
Another reason is I have a kid on the way. I’ve had to pay 60% of my salary each month to rent this apartment so we have no savings. I grew up in council estates and even at one point in hostels my mum and I, and although I think it helped develop my character it also wasn’t pleasant a lot of the time as anyone who grew up in that environment knows well.
I want everyone around me to be safe and comfortable and have choices to do things that they want to do, and I don’t want my kids seeing me worry about money, because seeing people around my worrying about money all my life, has made me suffer because now my mental health is linked directly to my bank account. (Which means im always stressed lol).
I don’t want to be a fancy millionnaire with a lambo. I just want to know what its like to have my back from off against the wall. To wake up or go to sleep one day not caring about the next fucking phone bill, or overdraft fee.
MemberJune 9, 2021 at 12:11 pm
My big catalyst was what my job’s HR department calls a “life status change” late 2019 when I got divorced. It was a couple months of hell then I got up and started remapping my life. I have my health, the house and my three amazing kids so I had a good foundation.
I came from a background where we worked hard for everything we had, and you felt like you always had a chance and it was good. I went into the USAF right after school and had a fantastic couple terms there, traveled, and met my future ex. I love learning but never was one for the structured college thing so most of what I do I pick up from others or self study. A couple years after the AF I got an entry level job in IT based on them being desperate and me knowing Linux. I love my job, it fits my brain, I’ve worked more 70+ hour weeks than I would ever want to count, I’ve moved up fast and after about 25 years I’m comfortable.
I don’t like comfortable any more.
Comfortable has seen my retirement investment get burned to the ground twice, and I can feel it coming again. Comfortable has me getting-by with a tease that it will be better…but something always comes up to keep me right at that “almost” point. Comfortable gives me just enough time with my kids where we have a great relationship but can never seem to make those extra special memories.
So Q4 2020 I started studying stock and crypto investment to take more charge of my financial future and that of my kids. Some of my investment was safe, and some was aggressive. When the aggressive paid off I’d roll a little more into the safe stuff and look for the next high-risk/high-reward. When the first “meme” run up happened I jumped in to GME for the fun. I got in during the dip after the first spike with 6@$50 and rode that into the $300 range. It was for fun but it made me start looking at what’s going on against us and it made me pissed. I could start to see and understand. I’ve never had much trust in politicians, media, banks, etc but I thought there was at least a bit of playing by the rules. But it was an illusion.
I learned more about what was happening with AMC and couldn’t believe the self interested bastards trying to destroy a business my family enjoys just because THEY don’t think it should have a future (oh when I learned this is what happened to Toys R Us they were really fucked in my mind!). I dumped almost EVERYTHING and went in on AMC. My DOGE bought at 0.07 and hit 0.40…now AMC. My ETH bought at $600 and hit over $3k…now AMC. Everything. What they are doing is wrong, illegal and destroys families. I want them to burn. And I believe WE will be able to come out much stronger at the other side.
I’m holding for my kids. I want to be able to tell them that if they finish college with a high grade and get a job in their field, I’ll pay off the loans so they can start fresh. In the time that they are around I want to be able to have more of my time with them and to do things together. Actually LIVE.
Two of my children had some life-changing help from the SPD Foundation and STAR Center and I want to help pay that forward. The Center offers scholarships for families that may not be able to afford their services and I want to expand that and help with their outreach.
I’m holding for my parents. They have always “just made it” their entire lives though I’ve seen them both work so hard for us as kids. They have medical expenses now and still just making it. It’s wrong.
I’m holding for me. I’ve worked hard. I’ve played by the rules. I try to help others where I can and I pay my taxes. I’m pissed off. The rules are made so it’s hard to win and they change the rules without telling you. So I’m stepping outside their rules and I’m going to win.
I’m holding for the Apes. As cliche as that sounds it’s true. Only as a team can we win and we MUST win. Not just for this victory but to change the market and make it more fair so as I teach my children about getting their own future secured I know they have a chance.
MemberJune 9, 2021 at 1:02 pm
MemberJune 9, 2021 at 7:00 pm
Glad to hear that! ❤️
MemberJune 9, 2021 at 1:48 pm
I have a fairly solid retirement survival strategy.
I decided to add a “speculation” account. I put in some money, realized some gains and took my money out. Now there is none of “my money” in it.
I went from zero to 12 k in a year on MArch 22. My goal was to get it to 24k by next year on March 22nd. Unlikely, but this account has zero emotion because I am risking noithing.
I got my son to do the same thing. He discovered AMC and let me know. It took me a minute to be convinced.
Now my “Speculation Account” is over 100K. My 401k was languishing under the management by the 401k provider. I never counted on my 401k as a realistic retirement helper. I had 170k in it. I took over management of my 401k and added AMC. It is now (with AMC down into the 40s) worth over half a million.
AMC brought my fun play account from an amazing 12k in one year to an additional 100k in one month. AMC took my 401k from an afterthought to a seriouse retirement asset.
Also, as a conservative, I am enraged that some humans are given the privilege by government to counterfiet stocks and to commit fraud when the rest of us would go to jail for it. I will hold until the moon or bust this reason alone. I would love for these elites to pay the natural price for cheating others.
MemberJune 9, 2021 at 7:24 pm
Been buying and holding since $8 and my last purchase was at $49 we must buy and hold to see this mission through. I’m holding for my kids I have identical twin apes and they are my why to everything I do. I love my fellow apes we are strong together! Enough is enough with these billionaire hedgies stealing from us! This is for all the people they screwed out of their retirement in 2008! This is for the financial crash that affected the 99% while they took our money and live like kings. The end is near for these crooks.
MemberJune 10, 2021 at 12:04 am
I originally got in just to make a few bucks and ease up on some financial pressures. I started studying up on it every single day hoping I wasn’t making a mistake. Needless to say, I kept buying and buying and buying. It didn’t take me long to realize all that is going on. I’m sooooooo many more times in on AMC than I had originally planned lol. There’s so many reasons why. First and foremost, my kids and grandkids. Secondly, the phrase that really hit me yesterday was how they have basically stolen the retirement of an entire generation. I am that generation. I lost sooooo much money in the stock market years back and didn’t understand how or what had happened. Then the housing market crashed where my main business was in construction with my then husband. Everything just crumbled. Now I see this opportunity and my story goes so deep I won’t bore you with it all, but karma is real… and she’s here.
MemberJune 10, 2021 at 12:47 pm
The GME, WSB story got my attention in the market , Bit coin – crypto . getting some skin in the game went into BB and Doge . Doge shot up enough to turn almost nothing into something . got out of Doge into AMC at 9.80 about , and have been averaging up like many of us have. This is mostly money I can live without so I wont get wrecked in a worst case scenario . I’m holding for my future retirement , and hope to be able to pay off my son’s student loans . He is struggling with money has a wife and two young sons . I;m hodling for these reasons , and to hopefully see a real change to a open and fair market .
MemberJune 10, 2021 at 6:43 pm
Although, I am blessed with my current career. I am holding because I am tired of the rat race. I believe money gives you options and time to do what you were initial placed on this earth to achieve. I ll doubt I quit my job, but I will reduced my hours signicantly in order to cater to my growing family. Apes I been here like most of you since Jan, and Ill be dawn if I even think of selling.
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