Board 8 > Stock Topic 28

(+) Yeah! (+)

If you plan to hold for a very long time there is nothing better than TSLA and crypto sorry

Maybe NIO, but they have a lot to prove still and don't have three sectors (EV, green energy, and AI taxis) that they are basically positioned to be the dominant force in under their belt. People who still doubt them clearly haven't done their research.

Again, I never bought because I'm convinced we'll have a bear market for a good portion of this year - and if the market falls Tesla will fall with it (and it will have bulls buying the dips the whole way through). But I'd bet anything it will generate insanely better returns than AMZN in the coming years.

If you're a big ol' whale and want the safest returns though, sure go with Amazon.

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That said, if higher corporate taxes are signed into law, the Teslas and Amazons of the world will face a lot of selling pressure from institutional investors who will want to push down the prices and buy cheaper. Important to keep in mind if you only play stocks like that.

And my bet in that scenario is the institutions keep buying crypto.

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StartTheMachine posted...

If you plan to hold for a very long time there is nothing better than TSLA and crypto sorry

2 Years
I think this is as long as I can stomach living with my parents...I am already far too old for that

And I dunno, I don't trust crypto and TSLA
And if I don't trust something - I will panic sell in the first dip I see.

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Hey is there anyone here well versed in law? Not even law really, but moreso courthouse scheduling. I'm curious if judges do paperwork like signing dockets when they don't have any upcoming cases related to said dockets?

Just did more DD on GVSI, looked through all the court dates, and saw nothing on the horizon for the GVSI case. But as I posted earlier, the judge wasn't scheduled for anything today. There was a 4 day period in which there was to contest the case and today marked the ending period. So I'm wondering if he might sign it Monday, outside of any hearings on the case, since he wasn't in today.

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StartTheMachine posted...

Hey is there anyone here well versed in law? Not even law really, but moreso courthouse scheduling. I'm curious if judges do paperwork like signing dockets when they don't have any upcoming cases related to said dockets?

Just did more DD on GVSI, looked through all the court dates, and saw nothing on the horizon for the GVSI case. But as I posted earlier, the judge wasn't scheduled for anything today. There was a 4 day period in which there was to contest the case and today marked the ending period. So I'm wondering if he might sign it Monday, outside of any hearings on the case, since he wasn't in today.

As a lawyer, speaking generally, yes, judges can sign orders outside of hearings. It's also common for hearings to be continued to a later date for some reason or another.

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Great! Thank you! Gives me more reassurance. That was my intuition as to what's going on here.

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Nanis23 posted...

2 Years
I think this is as long as I can stomach living with my parents...I am already far too old for that

And I dunno, I don't trust crypto and TSLA
And if I don't trust something - I will panic sell in the first dip I see.

Then rent an apartment? You have 200k in assets and a decent income; you can get your own place if you want to.

If you want both safety and strong returns, that's probably not going to happen. If such investments existed people would buy them until the price went up to where the future returns are no longer very strong.

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I think there are a few value stocks that are guaranteed to be decently strong returns, but only in a bull market, which I don't think we'll have this year after 2020. Like seriously, you bought almost anything last year on the NASDAQ in March, April, May, or June you made absurd money. My folks turned 15k into 30k and are still shocked at my returns.

Finding strong returns requires research and conviction. I guess AMZN actually would be my "forever stock" if I had one. But that's what, eventually a double bagger from these prices that will probably take 3 or more years to double from here? No thanks. I'd rather continue researching stocks all the time, finding gems, and going balls deep with my high conviction trades. Value stocks are something I'll allocate a large percentage of my portfolio to when I have way more money.

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Nanis, with that much money just do what I do. $125k in GS, $125k in WYNN (or another stock like this, slightly more volatile than GS but reliable and plenty of growth left). Then sell weekly calls for added gains.

With that much money in only two stocks, youll get around $2-3k in premium alone, on top of however much the stocks go up.

Also, "value" stocks are not the same as blue-chip stocks. GME was a tremendous value stock last year.

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red sox 777 posted...

Also, "value" stocks are not the same as blue-chip stocks. GME was a tremendous value stock last year.

You're right. I was thinking in terms of value stocks versus growth stocks.

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Sunroof posted...

Nanis, with that much money just do what I do. $125k in GS, $125k in WYNN (or another stock like this, slightly more volatile than GS but reliable and plenty of growth left). Then sell weekly calls for added gains.

With that much money in only two stocks, youll get around $2-3k in premium alone, on top of however much the stocks go up.

I can understand GS
But WYNN...no thank you


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There is no way to pick super safe stocks and make a lot of money. If you want gains, you have to pick riskier stocks.

Sunroof posted...

There is no way to pick super safe stocks and make a lot of money. If you want gains, you have to pick riskier stocks.

Tell this to people that held MSFT, AAPL, AMZN, GOOG and FB in the last 3 years (or more..)

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You just said that you gave yourself a two year limit. Not that I think youd hold any stock for that long anyway.

All of those are tech stocks that benefited greatly from the pandemic though. If you were smart you bought the crash on those, but if you had been holding those for years and hadn't kept up with why the pandemic would be good to them, you might have panic sold.

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Doge is up hope you all just pumped your life savings into it

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People who put less than 30% of their total funds into DOGE are doing it wrong. In other words, put in either 0% or 30%+.

Then it dumped after people realized Elon is on SNL next week and not this week

Still was able to add another 900 doge to the pile though after that

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Lots of stuff looks safe after the fact. There's also plenty of stuff that looks pretty safe before the fact, until things go bad.

Anyway, please don't confuse big tech stocks with value stocks. These are growth stocks, not value.

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Elon Musk has been getting crucified by so many people for going on SNL. It seems to be the cool thing to do; hating on him for this. I hate when mob mentality turns rude.

Sunroof posted...

Elon Musk has been getting crucified by so many people for going on SNL. It seems to be the cool thing to do; hating on him for this. I hate when mob mentality turns rude. I wonder if this will affect DOGE at all.

Hoping this just increases the ratings. DOGE gonna double next weekend.

its going to be such a trainwreck
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I just created a Webull account. I plan on putting $10k into DOGE before Saturday but it is taking a few days to move my money. I am not using any of my Vanguard funds, only my checking account funds which I have extra money in.

I tried to buy Dogecoin before the surge but it rejected me from doing it because I needed to verify but won't let me verify because I already did it. I just did it when the system was broken.

Oh well. Maybe I should go for Webull. I've been considering it anyway. Of course, I already have a bunch of brokerage accounts at this point.

Robinhood, TD Ameritrade, Fidelity, SoFi, M1...I gotta stop, my taxes are going to be complicated and annoying.

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All that said, I'm still kinda feeling bearish on the stock market. Inflation isn't looking great, and they're already talking about the stock market being overpriced.

Not sure if I'll keep investing or pull money out. Also considering getting into REITs and essential companies such as grocery stores and energy providers. Things that get hit hard by inflation but still get bought by consumers anyway because they still need to eat and get to work. My logic is that prices and profits will go up, even though inflation keeps it the same in terms of buying power. It's an inflation hedge.

Then again, I'm also just considering buying gold for that purpose.

I think covid bought such an insane amount of new investors that we wont have a bear market for a long time. The bullishness will decrease, as it already has been, but I dont know about a bear market anytime soon.

Sunroof posted...

I think covid bought such an insane amount of new investors that we wont have a bear market for a long time. The bullishness will decrease, as it already has been, but I dont know about a bear market anytime soon.

Tell that to the early 2000s

Seeing as how the technology for ease of investing didnt exist back then, that is a poor analogy.

I can see the 2-steps-behind retail traders' unintended stimulus to wall street delaying the next crash a bit lol.

Equities are actually at a slight discount when the denominator is the Fed balance sheet. I'm not sure what to do with that information, but it seemed neat when I read it.

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Sunroof posted...

Seeing as how the technology for ease of investing didnt exist back then, that is a poor analogy.

The expansion of investors during the dot-com era is absolutely similar to what we're seeing now.

Only in that there has been an increase, not the actual amount (both total and percent).

https://twitter.com/sethmacy/status/1389019439195205634?s=21

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Too bad you cant set a Limit Buy and Sell on crypto to direct feed to Elons Twitter or SNL appearance.

https://www.freep.com/story/money/personal-finance/susan-tompor/2021/02/05/how-invest-stock-market/4360276001/

More than 10 million new brokerage accounts were opened by individuals in 2020 more than ever in a year, according to an estimate by Devin Ryan, equity research analyst at JMP Securities.

10,000,000 new accounts in 2020. That is insane. And a good indicator of a non-bear market. Surely not all 10,000,000 of those accounts are actively trading, but that doesnt change the outlook.

It is easier than ever to trade stocks. Literally download an app, put in your bank account info (username and password only, no more monotonous account number hassles and whatnot), and youre good to go. You dont even have to wait for funds to settle, depending on the platform. Combine that with sites like Reddit and others talking about stocks all the time, youre almost viewed as an outcast or ignorant if you dont trade stocks. What used to be seen as confusing or for business people only, stock trading has become commonplace.

Just going to point out that there were also a lot of new traders in the Dot Com Bubble as well.

I really do think that once things open up that a lot of the people playing with stocks are going to get bored with it and not be as active. Or they want to sell to take their gains to finance their activities.

There's real power in numbers. Retail traders can do great things, and GME, AMC, Dogecoin, and other meme stocks/crypto are evidence of that. But the average person is also fickle. I'm hoping that stocks aren't just a short term craze but I am considering the possibility that they are.

It concerns me that a lot of rich and powerful people are taking money out of stocks and putting it in real estate.

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Zachnorn posted...

It concerns me that a lot of rich and powerful people are taking money out of stocks and putting it in real estate.

Haven't they pretty much always been doing this? The consolidation of real estate since 2008 is a known thing

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https://mobile.twitter.com/eToro/status/1389178570224902145

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Peace___Frog posted...

Haven't they pretty much always been doing this? The consolidation of real estate since 2008 is a known thing

It seems to be accelerating. We're seeing it get insane with cash offers and prices shooting up because of investors.

Some markets have similar returns to the stock market (in a normal year) of about 10-12%. And they get rent on top of it. If they're not confident that stocks can get similar returns going forward, why not take money from stocks and put it in real estate?

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Welp, I got out of DOGE again at 40 cents, time to play "how low will it drop"

I'm going to set an order to buy back in for a similar volume at 30 cents and hope for a decent drop this week into another sell on Saturday, but if I can't get in again this week I'll wait for a much larger drop after Saturday.

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ETH has been taking off this weekend.

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Hopefully the .420 jokes from last time are done with and we can aim for .69!

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sell in may and go away~

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Menji posted...

ETH has been taking off this weekend.

My original plan was to sell in 2024 if it hits like 7k. That would pay for my daughter's college education. And whatever research I was doing seemed to suggest that was a reasonable target but also I don't think had ETH at 3k this year at all. Now I'm seeing "5k by June" sentiments.

weeeeeee

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Crypto OP

neonreaper posted...

My original plan was to sell in 2024 if it hits like 7k. That would pay for my daughter's college education. And whatever research I was doing seemed to suggest that was a reasonable target but also I don't think had ETH at 3k this year at all. Now I'm seeing "5k by June" sentiments.

weeeeeee

Hell yeah neon

You in on Chainlink too?

Chainlink is the worst performing Crypto of all the ones mentioned in this topic. Bitcoin, Ethereum, Doge, and even ADA might be better. Why do you side with Chainlink so much?

Im going to swap out WYNN for BRKB once my call expires this Friday. Then I will have the tandem of GS and BRKB which have only ever gone up mid- and long-term. Then I can sell calls forever.

Sunroof posted...

Chainlink is the worst performing Crypto of all the ones mentioned in this topic. Bitcoin, Ethereum, Doge, and even ADA might be better. Why do you side with Chainlink so much?

Do you actually look anything up before posting?

Over the past year:
Bitcoin: +562.90%
Chainlink: +1008.44%

And the difference between ETH and LINK? The latter has room to 100x in the next few years if it follows Ethereum's trajectory.

no I just have BTC ETH and DOGE.

today is real tempting to sell ETH and buy after consolidation. but I think I just gotta hold.

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