Investing?

[Dad_Brains]

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Sold one of my rentals this week. Was meant to be a long term hold but maintenance issues and the year 2020 stopped that so figured I’d sell and let someone else have it. Paid $337k just over three years ago and sold for $695k so quite the return on that one

[close]

Goddamn. Congratulations.

I started an investment portfolio back in December. My first. I read several books and several newscasts to prepare for it. I'm handling it myself as well; I started a practice account with my bank before the real thing, and it went well. It's recommended to have a portfolio advisor assist you but honestly, I think I can do it myself. I'm not trying to make a quick buck.

I've bought some stable Vanguard ETFS and I've bought airline stock. The airline stock is low and it continues to get lower (i.e. I'm losing money), but once the pandemic eases up, I'm pretty sure the industry will see a big resurgence.

Basically, I'm not in it for the short term. I'm planning on keeping most of the stocks that I own for the next five years at least. That's the basic advice that the books I've read adhere to - don't follow "hot leads" and invest for the long term. I can handle losing a few hundred dollars now to make a few more later.

Maybe when I have more money I can play around with small-cap stocks. I heard there's a new Tesla-like company that's producing more family-friendly vehicles for example - that's something I'd be interested in if I had more money to spare. But my major financial focus is on eliminating all my debt and saving for a down payment on a mortgage at this time.

[close]

my grandfather was a total scum bag but he always said to buy/keep stocks for the long run. he was all about military industrial complex stocks. I can't imagine what 60+ years of buying those stocks and government bonds added up to.

[close]

I'm sure tons. I wish I started investing when I was a teenager, to have had that financial literacy and awareness would've been so beneficial for my well-being. Unfortunately no one really sat me down and explained that side of life to me.

This right here. All three of my daughters will get that talk amongst other talks in their teenage years...

[IUTSM]

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Sold one of my rentals this week. Was meant to be a long term hold but maintenance issues and the year 2020 stopped that so figured I’d sell and let someone else have it. Paid $337k just over three years ago and sold for $695k so quite the return on that one

[close]

Goddamn. Congratulations.

I started an investment portfolio back in December. My first. I read several books and several newscasts to prepare for it. I'm handling it myself as well; I started a practice account with my bank before the real thing, and it went well. It's recommended to have a portfolio advisor assist you but honestly, I think I can do it myself. I'm not trying to make a quick buck.

I've bought some stable Vanguard ETFS and I've bought airline stock. The airline stock is low and it continues to get lower (i.e. I'm losing money), but once the pandemic eases up, I'm pretty sure the industry will see a big resurgence.

Basically, I'm not in it for the short term. I'm planning on keeping most of the stocks that I own for the next five years at least. That's the basic advice that the books I've read adhere to - don't follow "hot leads" and invest for the long term. I can handle losing a few hundred dollars now to make a few more later.

Maybe when I have more money I can play around with small-cap stocks. I heard there's a new Tesla-like company that's producing more family-friendly vehicles for example - that's something I'd be interested in if I had more money to spare. But my major financial focus is on eliminating all my debt and saving for a down payment on a mortgage at this time.

[close]

my grandfather was a total scum bag but he always said to buy/keep stocks for the long run. he was all about military industrial complex stocks. I can't imagine what 60+ years of buying those stocks and government bonds added up to.

[close]

I'm sure tons. I wish I started investing when I was a teenager, to have had that financial literacy and awareness would've been so beneficial for my well-being. Unfortunately no one really sat me down and explained that side of life to me.

Oh ya, man. No one talked to me about it either until I was a broke adult trying get to know my shitbag grandfather who'd instead be laying a guilt trip on me because I wasn't in the military, didn't play golf, didn't buy stocks, blah blah blah. That grandfather didn't talk to the family until his 7th wife died. Motherfuck was buying decades of ratheyon stocks while the product of his sperm were poor as fuck living in low income housing. Dude came crawling back in his late 70s when he'd burned everyone everywhere else, sold his business, etc asking for people to care for him and continues to gas light the whole family for the next 10 years. dude dies, he's got 6 kids and 10 grandkids who all took him back in after not seeing him for decades mind you, and leaves all his shit to one of his ex wives already filthy rich CPA kids. But ya, my parents don't know shit about investing, so I've been on a journey to figure out what to do with money. I really just want to buy a property and let that gain value.

edit: went on a rant. my b. the old man gets my blood boiling sometimes

[Madam, I'm Adam]

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Sold one of my rentals this week. Was meant to be a long term hold but maintenance issues and the year 2020 stopped that so figured I’d sell and let someone else have it. Paid $337k just over three years ago and sold for $695k so quite the return on that one

[close]

Goddamn. Congratulations.

I started an investment portfolio back in December. My first. I read several books and several newscasts to prepare for it. I'm handling it myself as well; I started a practice account with my bank before the real thing, and it went well. It's recommended to have a portfolio advisor assist you but honestly, I think I can do it myself. I'm not trying to make a quick buck.

I've bought some stable Vanguard ETFS and I've bought airline stock. The airline stock is low and it continues to get lower (i.e. I'm losing money), but once the pandemic eases up, I'm pretty sure the industry will see a big resurgence.

Basically, I'm not in it for the short term. I'm planning on keeping most of the stocks that I own for the next five years at least. That's the basic advice that the books I've read adhere to - don't follow "hot leads" and invest for the long term. I can handle losing a few hundred dollars now to make a few more later.

Maybe when I have more money I can play around with small-cap stocks. I heard there's a new Tesla-like company that's producing more family-friendly vehicles for example - that's something I'd be interested in if I had more money to spare. But my major financial focus is on eliminating all my debt and saving for a down payment on a mortgage at this time.

[close]

my grandfather was a total scum bag but he always said to buy/keep stocks for the long run. he was all about military industrial complex stocks. I can't imagine what 60+ years of buying those stocks and government bonds added up to.

[close]

I'm sure tons. I wish I started investing when I was a teenager, to have had that financial literacy and awareness would've been so beneficial for my well-being. Unfortunately no one really sat me down and explained that side of life to me.

[close]

Oh ya, man. No one talked to me about it either until I was a broke adult trying get to know my shitbag grandfather who'd instead be laying a guilt trip on me because I wasn't in the military, didn't play golf, didn't buy stocks, blah blah blah. That grandfather didn't talk to the family until his 7th wife died. Motherfuck was buying decades of ratheyon stocks while the product of his sperm were poor as fuck living in low income housing. Dude came crawling back in his late 70s when he'd burned everyone everywhere else, sold his business, etc asking for people to care for him and continues to gas light the whole family for the next 10 years. dude dies, he's got 6 kids and 10 grandkids who all took him back in after not seeing him for decades mind you, and leaves all his shit to one of his ex wives already filthy rich CPA kids. But ya, my parents don't know shit about investing, so I've been on a journey to figure out what to do with money. I really just want to buy a property and let that gain value.

edit: went on a rant. my b. the old man gets my blood boiling sometimes

Sorry to hear that. Family and money can be a destructive combo, I know that from personal experience and my mom's relationship with her eleven brothers and sisters. A great gift for a parent or grandparent to give is an appointment to the bank to start a portfolio, in my opinion. If it matters, get it started.

[50mm]

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I've had Robinhood downloaded for like 2 years and never used it. Always thought about putting in 10 or 20 bucks but know trying to beat the market is dumb. Today I just said screw it, I'll throw in $40 to buy 3 AMC stock and see if these fuckers do it again. Gambling isn't my thing and if I ever go to a casino I give myself and my girlfriend a $20 so I don't feel bad about throwing this $40 in.

[close]

If you're trying to 'beat' the market, you're destined to lose. Most people will do better investing on a longer time horizon - i.e. 5-10 years, retirement. In which case you'd be choosing value stocks or, better for most people, choosing some top ETF's going with the overall economy.

The average stock market return is about 10% per year for nearly the last century. So lets say you have 10k to put in a savings account or a large cap ETF. With the ETF you're hoping, and the odds are, you earn around 1k from your investment that year. With a savings account, something like .07%, so $7. Of course, by definition, there is some risk even in making what's considered a safe investment. You'll make a better return on getting a credit card with a good rewards program vs a savings account.

With GME, AMC, DOGE (or whatever shill coin) - those are more akin to gambling IMHO. Investing in DOGE vs Bitcoin or Eth is like betting on the commodity of concrete vs gold. DOGE was birthed as a joke and long term I don't see it's merit as a technology or commodity.

Never responded but yeah that’s what I meant. It’s a gamble to me and nothing serious. Was more akin to buying a llotto ticket.

[ChuckRamone]

Is anyone gonna buy 23andme stock? They're going public soon.

https://finance.yahoo.com/news/23-and-me-to-go-public-at-35-billion-with-sir-richard-bransons-spac-145723271.html

[TheLurper]

Is anyone gonna buy 23andme stock? They're going public soon.

https://finance.yahoo.com/news/23-and-me-to-go-public-at-35-billion-with-sir-richard-bransons-spac-145723271.html

Other than the Virgin Airline guy buying this company, why do you think 23andMe a good investment?
https://finance.yahoo.com/news/dna-genomics-company-23andme-gets-130446160.html


Also, I fucking blew it on my AirBnB stock. Bought and then panic sold most of it at a loss. If I would have just played it cool, I'd be up 19% in less than 60 days. (AirBnB is such a terrible company as it fucks renters and those who want to buy a home to actually live in it. I rent from them, but the guilt is pretty strong.)

I'm going down with the ship with this stupid ass BlackBerry WSB. Hopefully, enough people on the internet post rocketship emoji's and this stock goes up.

My only investments that are consistently going up are my 401K and my optional 401K like accounts that are made up of picks like FOCKX. Also, one of the companies I work for forces me to invest 10% of my pre-tax pay into a super conservative short-term investment fund. It has offered a consistent 3-4% return each year.

All this being said, I feel like complete shit for being involved in the stock market in anyway. I don't like the fact that I'm gaining from speculation and from stock dividends (basically stealing the surplus labor from those who actually work for a living). My buddy is developing a decent income from buying homes renting them out. I feel like we are both scum. My 401Ks steal surplus labor (and will never add up to enough to retire) and he overcharges on a basic human necessity to also steal from those who work for a living. We both gain from sitting on our asses.

[ChuckRamone]

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Is anyone gonna buy 23andme stock? They're going public soon.

https://finance.yahoo.com/news/23-and-me-to-go-public-at-35-billion-with-sir-richard-bransons-spac-145723271.html

[close]

Other than the Virgin Airline guy buying this company, why do you think 23andMe a good investment?
https://finance.yahoo.com/news/dna-genomics-company-23andme-gets-130446160.html


Also, I fucking blew it on my AirBnB stock. Bought and then panic sold most of it at a loss. If I would have just played it cool, I'd be up 19% in less than 60 days. (AirBnB is such a terrible company as it fucks renters and those who want to buy a home to actually live in it. I rent from them, but the guilt is pretty strong.)

I'm going down with the ship with this stupid ass BlackBerry WSB. Hopefully, enough people on the internet post rocketship emoji's and this stock goes up.

My only investments that are consistently going up are my 401K and my optional 401K like accounts that are made up of picks like FOCKX. Also, one of the companies I work for forces me to invest 10% of my pre-tax pay into a super conservative short-term investment fund. It has offered a consistent 3-4% return each year (not amazing, but it is now enough for a decent used car).

All this being said, I feel like complete shit for being involved in the stock market in anyway. I don't like the fact that I'm gaining from speculation and from stock dividends (basically stealing the surplus labor from those who actually work for a living). My buddy is developing a decent income from buying homes renting them out. I feel like we are both scum. My 401Ks steal surplus labor (and will never add up to enough to retire) and he overcharges on a basic human necessity to also steal from those who work for a living. We both gain from sitting on our asses.

I think personal genomics will continue to grow, especially as it's developed further to be of more practical use. Also, they'll probably figure out a way to profit even more massively off people's genetic data in the future, which kind of goes back to what you were discussing about the ethics of investing in the stock market. 23andme seems a tad sketchy in that way, just like tech companies profiting off people's data. But, that notwithstanding, I think it might make for a decent investment.

[PAWL]

my new stock is HCMC.. share are a fraction of a cent now, and apparently theres some patent case they have against phillip morris that they're likely to win. Small cost to buy in, and if it goes up to a dollar, or even like 50 cents thats pretty easy money.

[frankie5000]

Tilray is on the move again if you like weed stocks. been thinking about getting in on some airline stock long term since it has been down. 

[50mm]

 Bought a little APHY at 17 over the weekend. It’s at 27 within 2 days.

[TheLurper]

Bought a little APHY at 17 over the weekend. It’s at 27 within 2 days.

What inspired you to buy this stock?

[rawr1922]

my new stock is HCMC.. share are a fraction of a cent now, and apparently theres some patent case they have against phillip morris that they're likely to win. Small cost to buy in, and if it goes up to a dollar, or even like 50 cents thats pretty easy money.

 
Thanks for sharing. Gonna buy shares soon. 
 
Any other penny stocks you guys like? Gonna follow the cookie cutter advice & invest in at least 10 companies. Pretty exciting, just gonna hold onto them for years. If just one reaches a $1, big payout. My new side job gonna fund these shenanigans. Buying shares in TGIFF soon too   

[frankie5000]

do any of you use acorn ? or any good apps ?

[50mm]

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Bought a little APHA at 17 over the weekend. It’s at 27 within 2 days.

[close]

What inspired you to buy this stock?

At the time I was just looking for stock I could afford. I saw consistent growth over the past year. I don't know anything about stock but I saw a huge market cap, fairly small # of employee's, read some of the analysts thoughts on it that had just come out. I was not trying to jump on the weed train just for the reddit bs. Actually bought it before the weed meme stock thing happened last week those retards at reddit all just happened to buy it a few days later, boosted it and then it dropped. I've seen some people say that US weed legalization will have no effect on a big, growing Canadian weed company but that is fucking regular. I don't see how the weed market becoming legal and totally opening up to them would be a bad thing. I'm not a business person but they are merging/merged with Tilray, which is incorporated in the US, creating the biggest multinational cannabis company in the world and are teaming up with Annheiser-Busch to do craft beer and cannabis infused drinks.

I know nothing about stock, but that all sounds like a business that will continue to grow long term. From the surface level stuff I've read from Analysts on Robinhood, APHA expanded slowly and smartly and has money to invest and expand in the future. Supposedly it's worth jumping on now before the merger is reflected on investors in the next month or two. I don't know how its going to work, one thing I read said if you had APHA stock you would get .8 Tilray when the merger is done but I have no clue what I'm talking about. I just started this shit 2 weeks ago. But I had been keeping my eye's on APHA, and bought shares. It was growing for days and then everyone on reddit bought weed stock and it shot way up for a day or two and came back down but is still up from when I bought while most of the other weed stocks just fizzled our or went haywire, APHA is still on course.

I have a pension from my previous job that will continue to gain interest until I retire, but I fear their retirement system is going to implode before I get there. I'm building a new 401k at my new job. I am not counting on social security being funded when I retire either. I'd like to get into long term investing but right now I'm playing with a few bucks I put in early in the month and actually learning how the market works. I don't plan on playing day trader trying to beat the market every day. I'm having fun with this for now but I've wanted to learn more about investing for years and just putting a few bucks in Robinhood, losing some, gaining some has made me learn a lot. All my money will be going into my 401k, but I think it's also a good idea to just throw 20 in every check and maybe not look at it every day, which is what I need to be better about doing, just forgetting it.

[Billy Bitchcakes]

What's APHY? Google isn't showing me anything

[50mm]

What's APHY? Google isn't showing me anything

Sorry, its APHA. Don't know why I can stop writing it wrong.

[shitsandwich]

Is it always a good time to invest in cryptos? I put in a little bit of money and want to put in some more. Do I wait until its down or should I just put in money whenever I have some spare?

[Carrolls Chesthairs]

Is it always a good time to invest in cryptos? I put in a little bit of money and want to put in some more. Do I wait until its down or should I just put in money whenever I have some spare?

Let me preface by saying I barely know stonks and crypto is still odd to me.
I'll cite bitcoin as a reference.

prices would dip if people sold something, right?
so, if nobody is selling bitcoin (correct me if I'm wrong), the price can only stay put or go up.

I've got 1% of bitcoin stock and that's probably all I'll put in. Not trying to go crazy with it and watch it endlessly.

I put in whatever I'm willing to lose.
 
On the other side of things,Dogecoin is awfully inexpensive too. That seems like one you have to watch constantly since it's fluctuated so much in the past few weeks.

Even throwing a bit in could do something great in the next few years.
Again, this is assuming crypto pops off the way people are speculating.

Buying on dips ain't a bad idea. You could also save and buy real estate; god ain't making any more of it.

[50mm]

APHA gains again today

[Rockin Robbin]

My ASML has gone up 148% in two years. Should've bought more.

I only play with what I'm willing to lose, as others have said.

All big chunks of money are in Vanguard and 401k. Slow burners.

[rawr1922]

A few pals recommended Vanguard. Definitely gonna start putting money into that for long term.

Been playing with penny stocks, fun and unpredictable. Bought 100,000 shares of HCMC. Been sinking really fast lately .0025 today  Company filed a patent infringement lawsuit against Philip Morris. Apparently tomorrow, PM supposed to announce how they intend to respond.

Also bought shares in CLIS. $0.28 right now. Some hype around a language app they developed called Hey Pal.

Thinking about buying some shares in a weed stock maybe TGIFF.

Any penny stocks you guys like? Looking for more to buy

[sbmfj]

I got burned on that weed ETF bought at the top of the WSB hype, and its down to 14. Ill wait it out. (HMMJ)
Had been watching all Jan and was lazy and didnt pull the trigger at 8ish...

[Mouth]

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Is it always a good time to invest in cryptos? I put in a little bit of money and want to put in some more. Do I wait until its down or should I just put in money whenever I have some spare?

[close]

Let me preface by saying I barely know stonks and crypto is still odd to me.
I'll cite bitcoin as a reference.

prices would dip if people sold something, right?
so, if nobody is selling bitcoin (correct me if I'm wrong), the price can only stay put or go up.

I've got 1% of bitcoin stock and that's probably all I'll put in. Not trying to go crazy with it and watch it endlessly.

I put in whatever I'm willing to lose.
 
On the other side of things,Dogecoin is awfully inexpensive too. That seems like one you have to watch constantly since it's fluctuated so much in the past few weeks.

Even throwing a bit in could do something great in the next few years.
Again, this is assuming crypto pops off the way people are speculating.

Buying on dips ain't a bad idea. You could also save and buy real estate; god ain't making any more of it.

Some good advice in there...

Right now is either a very good time to buy (We are in a dip?) or a very bad time (We are at the top of and bullish/bearish trend reversal) The market is at a critical tipping point and it will be very interesting to see how things evolve over the few days.

The critical factor is the Nasdaq, and to a lesser extent the other equity markets, which are beginning to show cracks. London is about to open and I expect the sell off will continue. If it really goes, the price of BTC will be the least of our concerns.

As for me, I'm out of the market at the moment with buy orders (Bitcoin and Cardano) in place below the current valuation. But not far below.

That said, it doesn't hurt to put a small amount into BTC on Coinbase, just to give you a reason to watch the market and gain an intuitive understanding of how it behaves. You can always scale up from there. Now is probably not the time to dive in head first.

For what it's worth, some of the other coins you might want to pay attention to are Etherium (ETH), Cardano (ADA), Chainlink (LINK), Binance (BNB), Polkadot (DOT) and if you're feeling daring Voyager (BQX) and Venus (XVS).

Good luck!

[sbmfj]

Saw this in an email this morning....

"What would you do?

A Philippine crypto exchange is demanding users return Bitcoin bought at $6,000 following a systems error. Pdax recently suffered a technical failure that led to Bitcoin trading at a discount of 88% to its current price. Investors jumped on it and then moved the assets off the exchange. And now PDX wants it back, but people are balking. It will be interesting to see how this plays out. 

I once had a penny stock that went from $0.50 a share to over $100,000 in my account, but five minutes later it was back to reality."

[Billy Bitchcakes]

Lost all my crypto profits when Elon Musk fucked the price of everything the other day and so have doubled down on it all hoping it will creep back up eventually. No idea what I'm doing really

[BL0B]

BTFD people, be careful! market looks like a bulltrap to me.

institutions have been selling for months now and retail has been buying.

but i'm just a big old bear so what do i know?

[KBizzle]

Anyone into NBA Top Shot?

[Bitter]

Anyone into NBA Top Shot?

Quickly becoming obsessed. I was into sports cards as a kid. Nowadays, I see how digital goods are becoming as collectable as physical goods (via Fortnite, Roblox, etc). So I've been entering into the Top Shot pack lotteries. Yesterday I got a $14 pack that had a Nikola Jokic card worth $165. The prices are definitely inflated because of the hype. So I'm just going to stick with pack lotteries. Flip most cards. Keep ones that have personal connection (home team, favorite players, etc). 

[TheLurper]

I kind of understand, but I also don't understand the point of these non-fungibles.

I mean like there is something to owning a skate DVD opposed to just watching on Youtube, but I'm down to pay 20 for a DVD but not 10K for a IG post.

[Chatbot]

I kind of understand, but I also don't understand the point of these non-fungibles.

I mean like there is something to owning a skate DVD opposed to just watching on Youtube, but I'm down to pay 20 for a DVD but not 10K for a IG post.

I think NFTs are pure hype. Artists selling digital pieces for crazy amounts but all you need to do is right click, save image/ video as...