Author Topic: Investing?  (Read 9257 times)

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TheLurper

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Re: Investing?
« Reply #240 on: March 07, 2021, 11:27:26 PM »
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.

Quote from: ChuckRamone
I love when people bring up world hunger. It makes everything meaningless.
"that guy is double parked."
"Who cares? there are people starving to death! besides, how does that affect you? does it lessen the joy of parking?

Chatbot

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Re: Investing?
« Reply #241 on: March 09, 2021, 11:54:08 AM »
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...

sometimeperhaps

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Re: Investing?
« Reply #242 on: March 09, 2021, 02:14:28 PM »
Just heard about it the other day, and starting to read into it. I just donít get it...it seems like scam. Maybe itís over my head or something.

So I "own" this piece of art/video/image/song an artist created. But then you can view this same item online, just like me. Except I paid a few hundred dollars to be the owner. What am I paying for exactly? If it's a photo, maybe I get the hi-res file and I can print it and hang to my wall. But if it's something entirely digital, what's the point?

Is this just some way to make money off hype? Launder money/crypto?

I just don't think I get it...

« Last Edit: March 09, 2021, 02:26:08 PM by sometimeperhaps »

Bitter

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Re: Investing?
« Reply #243 on: March 10, 2021, 07:38:24 AM »
Bought a $199 pack of NBA Top Shot cards on Sunday. Yesterday I sold all the cards individually. Made over $500 profit. The prices definitely seem inflated, but Iím taking advantage of the moment. 

sbmfj

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Re: Investing?
« Reply #244 on: March 10, 2021, 08:54:12 AM »
I had to google what a Top shot was. Times have changed!!

I have, for god knows what reason, all these sealed mini basketball cards that came in bag of chips years ago - late 80's / early 90's. Why do I hold on to this crap...

KBizzle

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Re: Investing?
« Reply #245 on: March 10, 2021, 09:56:55 AM »
Bought a $199 pack of NBA Top Shot cards on Sunday. Yesterday I sold all the cards individually. Made over $500 profit. The prices definitely seem inflated, but Iím taking advantage of the moment.

100% my plan with all of this currently.

TheLurper

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Re: Investing?
« Reply #246 on: March 10, 2021, 11:25:56 AM »
Who bought them from you? Just rich old dudes?

Also, fucking gme is at 231 again.

Quote from: ChuckRamone
I love when people bring up world hunger. It makes everything meaningless.
"that guy is double parked."
"Who cares? there are people starving to death! besides, how does that affect you? does it lessen the joy of parking?

Billy Bitchcakes

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Re: Investing?
« Reply #247 on: March 10, 2021, 12:43:21 PM »
Watched all my money that I assumed as gone forever when I bought GME on the way down come right back up today, then go 30% above. Couldn't believe it. Then went on instagram for 10 minutes and when I came back it had all gone again.
When I was 17 I shit my wetsuit inside a Starbucks in San Clemente in front of wee man.

sbmfj

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Re: Investing?
« Reply #248 on: March 10, 2021, 12:49:09 PM »
Roll the dice!!!


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Re: Investing?
« Reply #249 on: March 10, 2021, 01:01:04 PM »
I'm too much of a pussy to buy more but I'm holding out, let's see what happens
When I was 17 I shit my wetsuit inside a Starbucks in San Clemente in front of wee man.

Bitter

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Re: Investing?
« Reply #250 on: March 10, 2021, 01:07:36 PM »
Who bought them from you? Just rich old dudes?

I kept my prices low to make quick sales. So I'm guessing other flippers bought them. But I'm sure rich old dudes are in there. Lots of talk about the Chinese getting access soon and buying everything up. Apparently younger NBA players are obsessed with it too. The player's union gets a cut. So it's in their best interest to hype it up.

Shifty Flip

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Re: Investing?
« Reply #251 on: March 10, 2021, 01:36:26 PM »
 One random morning almost 3 weeks ago, while paying for services on cash app, saw they now offered stocks and bitcoin services. On a whim, because of this thread, I bought 250$ in GME. Almost 5.5 shares. Around 45 each. The first stock I've ever purchased on my own. Gains now multiple hundreds %, and even with this afternoon, is good. I could care less.  I only expected to lose it all anyways, so any profit in the end is great. It'll all go towards my son's college in 14 year anyhow.  Trying to hold until a split at least.

Only other thing I do regularly is buy physical silver and gold. Small amounts, but with the run on silver recently, it took all the fun out of it.  Truthfully, I just want something tangible I'm my hand. And fiat paper money does not count. Creature of jeckyl island is a must read book.

Also finally refinanced to a 15 year 2.6% mortgage, from a 4.7% 30 year (still had 24 years to go). Monthly mortgage payment dropped 75$.  Now I should be completely debt free, own our own home in 5 years. I triple my principle every payment, and get 20 k in bonuses most years, that go straight to principle. Having been legitimately homeless/ junked out most of my 20s, and now sober for many years, just gotta to show how much money I waisted on straight junk.
Donít google it! Youíll get ads for life.

Chatbot

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Re: Investing?
« Reply #252 on: March 10, 2021, 02:04:11 PM »
One random morning almost 3 weeks ago, while paying for services on cash app, saw they now offered stocks and bitcoin services. On a whim, because of this thread, I bought 250$ in GME. Almost 5.5 shares. Around 45 each. The first stock I've ever purchased on my own. Gains now multiple hundreds %, and even with this afternoon, is good. I could care less.  I only expected to lose it all anyways, so any profit in the end is great. It'll all go towards my son's college in 14 year anyhow.  Trying to hold until a split at least.

Only other thing I do regularly is buy physical silver and gold. Small amounts, but with the run on silver recently, it took all the fun out of it.  Truthfully, I just want something tangible I'm my hand. And fiat paper money does not count. Creature of jeckyl island is a must read book.

Also finally refinanced to a 15 year 2.6% mortgage, from a 4.7% 30 year (still had 24 years to go). Monthly mortgage payment dropped 75$.  Now I should be completely debt free, own our own home in 5 years. I triple my principle every payment, and get 20 k in bonuses most years, that go straight to principle. Having been legitimately homeless/ junked out most of my 20s, and now sober for many years, just gotta to show how much money I waisted on straight junk.

GME isn't a $250+ stock right now because it's doing good as a company. If I was you, I'd cash that out soon while it's hot and then put the money in another stock for long term. I know you said you couldn't care less but why have your $250 grow to 2k just to let sit and go back to $250? Essentially throwing away a few thousand you got for free.

I don't know how the GME situation will play out but I'd suggest reading more about it and why it's a special case.

KBizzle

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Re: Investing?
« Reply #253 on: March 10, 2021, 02:06:23 PM »
Expand Quote
Who bought them from you? Just rich old dudes?
[close]

I kept my prices low to make quick sales. So I'm guessing other flippers bought them. But I'm sure rich old dudes are in there. Lots of talk about the Chinese getting access soon and buying everything up. Apparently younger NBA players are obsessed with it too. The player's union gets a cut. So it's in their best interest to hype it up.

Aaron Gordon, Andre Iggy and a few other players are investors in Top Shot. Def worth buying as much as you can before it gets too crazy.

Shifty Flip

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Re: Investing?
« Reply #254 on: March 10, 2021, 02:24:22 PM »
Expand Quote
One random morning almost 3 weeks ago, while paying for services on cash app, saw they now offered stocks and bitcoin services. On a whim, because of this thread, I bought 250$ in GME. Almost 5.5 shares. Around 45 each. The first stock I've ever purchased on my own. Gains now multiple hundreds %, and even with this afternoon, is good. I could care less.  I only expected to lose it all anyways, so any profit in the end is great. It'll all go towards my son's college in 14 year anyhow.  Trying to hold until a split at least.

Only other thing I do regularly is buy physical silver and gold. Small amounts, but with the run on silver recently, it took all the fun out of it.  Truthfully, I just want something tangible I'm my hand. And fiat paper money does not count. Creature of jeckyl island is a must read book.

Also finally refinanced to a 15 year 2.6% mortgage, from a 4.7% 30 year (still had 24 years to go). Monthly mortgage payment dropped 75$.  Now I should be completely debt free, own our own home in 5 years. I triple my principle every payment, and get 20 k in bonuses most years, that go straight to principle. Having been legitimately homeless/ junked out most of my 20s, and now sober for many years, just gotta to show how much money I waisted on straight junk.
[close]

GME isn't a $250+ stock right now because it's doing good as a company. If I was you, I'd cash that out soon while it's hot and then put the money in another stock for long term. I know you said you couldn't care less but why have your $250 grow to 2k just to let sit and go back to $250? Essentially throwing away a few thousand you got for free.

I don't know how the GME situation will play out but I'd suggest reading more about it and why it's a special case.

Forgot to mention I cashed out my 250 initial yesterday morning. I'm clear and even now no matter what. Also don't plan to keep GME past the very near future. But will keep any and all earning in whatever seems prudent at the time. Mostly a hobby that could possibly pay to me at this time.   But now I'm considering opening an actual day account somewhere. Definitely cashing the rest out if it goes over 500. Immediately
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sexualhelon

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Re: Investing?
« Reply #255 on: March 11, 2021, 03:43:53 AM »
Expand Quote
Expand Quote
One random morning almost 3 weeks ago, while paying for services on cash app, saw they now offered stocks and bitcoin services. On a whim, because of this thread, I bought 250$ in GME. Almost 5.5 shares. Around 45 each. The first stock I've ever purchased on my own. Gains now multiple hundreds %, and even with this afternoon, is good. I could care less.  I only expected to lose it all anyways, so any profit in the end is great. It'll all go towards my son's college in 14 year anyhow.  Trying to hold until a split at least.

Only other thing I do regularly is buy physical silver and gold. Small amounts, but with the run on silver recently, it took all the fun out of it.  Truthfully, I just want something tangible I'm my hand. And fiat paper money does not count. Creature of jeckyl island is a must read book.

Also finally refinanced to a 15 year 2.6% mortgage, from a 4.7% 30 year (still had 24 years to go). Monthly mortgage payment dropped 75$.  Now I should be completely debt free, own our own home in 5 years. I triple my principle every payment, and get 20 k in bonuses most years, that go straight to principle. Having been legitimately homeless/ junked out most of my 20s, and now sober for many years, just gotta to show how much money I waisted on straight junk.
[close]

GME isn't a $250+ stock right now because it's doing good as a company. If I was you, I'd cash that out soon while it's hot and then put the money in another stock for long term. I know you said you couldn't care less but why have your $250 grow to 2k just to let sit and go back to $250? Essentially throwing away a few thousand you got for free.

I don't know how the GME situation will play out but I'd suggest reading more about it and why it's a special case.
[close]

Forgot to mention I cashed out my 250 initial yesterday morning. I'm clear and even now no matter what. Also don't plan to keep GME past the very near future. But will keep any and all earning in whatever seems prudent at the time. Mostly a hobby that could possibly pay to me at this time.   But now I'm considering opening an actual day account somewhere. Definitely cashing the rest out if it goes over 500. Immediately

I used to do a lot of day trading but I find it much more stressful than taking a long term investment strategy. GME is definitely in the day trading spectrum of investing as I think very few people are buying it based of fundamentals. Anyone buying GME outside of the hype is doing so because they believe GME can make a massive turnaround to compete in the online gaming realm.

However, if you look at GME share prices and how the company is performing vs it's competitors - Amazon, Wal Mart, Best Buy, etc... - it's insanely overvalued. What's going on with GME right now is sort of an anomaly though but it's not going to just keep going up, eventually it will "even" out or tank to it's appropriate evaluation.

If you got in at a good price, then you should at least cash out to cover your initial investment, imho. That way you'll cover yourself so that the worst that could happen is if shares go to 0, you're just back where you started. This is also a general investment strategy in taking X in gains once shares have gained X percentage. Definitely will save you some stress.


rawr1922

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Re: Investing?
« Reply #256 on: March 11, 2021, 07:37:31 AM »
Sold all my shady obscure penny stocks then bought 1 share of Costco & signed up dividends reinvestment. First smart move made after many poor moves

sbmfj

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Re: Investing?
« Reply #257 on: March 11, 2021, 10:57:18 AM »
DRIPS all the way homie!

Check out ACWI if any of you are buy and hold. Its the MSCI All Country World Index - Basically the MSCI World index (whihc is all developed countries acorss NA Europe and Asia) with some Emerging mkts thrown in. Your pretty well covered with that. Buy and hold (and hope for the best)

and added this in after - gotta love China!!

"We have mentioned that the Chinese stock market has dropped in the past few weeks. Well, to help with the slump, the Chinese seem not to be able to access the words ďstock marketĒ on various social media platforms. Weibo, the Chinese version of Twitter, showed no results on its web version on Wednesday.

This seems to have worked, as the market has been up for the past two days."


« Last Edit: March 11, 2021, 12:08:37 PM by sbmfj »

sbmfj

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Re: Investing?
« Reply #258 on: March 12, 2021, 10:52:40 AM »
DRIPS all the way homie!

Check out ACWI if any of you are buy and hold. Its the MSCI All Country World Index - Basically the MSCI World index (whihc is all developed countries acorss NA Europe and Asia) with some Emerging mkts thrown in. Your pretty well covered with that. Buy and hold (and hope for the best)

and added this in after - gotta love China!!

"We have mentioned that the Chinese stock market has dropped in the past few weeks. Well, to help with the slump, the Chinese seem not to be able to access the words ďstock marketĒ on various social media platforms. Weibo, the Chinese version of Twitter, showed no results on its web version on Wednesday.

This seems to have worked, as the market has been up for the past two days."

Heres another...Tesla's fault?

"I saw this and thought it was interesting. Over the past six months, SPY is up 16%, RSP, which is equal weight the S&P 500, is up 26% and RVRS, which is the S&P 500 in reverse, where the top holding in SPY is the lowest weight, is up 35%. RVRS also outperforms both over the past year."

sbmfj

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Re: Investing?
« Reply #259 on: March 12, 2021, 10:57:25 AM »
Expand Quote
DRIPS all the way homie!

Check out ACWI if any of you are buy and hold. Its the MSCI All Country World Index - Basically the MSCI World index (whihc is all developed countries acorss NA Europe and Asia) with some Emerging mkts thrown in. Your pretty well covered with that. Buy and hold (and hope for the best)

and added this in after - gotta love China!!

"We have mentioned that the Chinese stock market has dropped in the past few weeks. Well, to help with the slump, the Chinese seem not to be able to access the words ďstock marketĒ on various social media platforms. Weibo, the Chinese version of Twitter, showed no results on its web version on Wednesday.

This seems to have worked, as the market has been up for the past two days."
[close]

Heres another...Tesla's fault?

"I saw this and thought it was interesting. Over the past six months, SPY is up 16%, RSP, which is equal weight the S&P 500, is up 26% and RVRS, which is the S&P 500 in reverse, where the top holding in SPY is the lowest weight, is up 35%. RVRS also outperforms both over the past year."

Last one for Today - its about NFT's!! Liek WTF!!

The first virtual Non-Fungible Token (NFT) artwork to be sold at a major auction house closed at $69,346,250 during an online auction by Christie's on Thursday. The starting bid was $100.

"Everydays -- The First 5000 Days" is a collage comprised of 5,000 images taken over the course of 13 years by a digital artist named Beeple.

Makes me want to look a bit more closely at the pictures on my cellphone.

If you were wondering what NFTs are, they are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions.
 

sbmfj

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Re: Investing?
« Reply #260 on: March 12, 2021, 10:57:46 AM »
Expand Quote
Expand Quote
DRIPS all the way homie!

Check out ACWI if any of you are buy and hold. Its the MSCI All Country World Index - Basically the MSCI World index (whihc is all developed countries acorss NA Europe and Asia) with some Emerging mkts thrown in. Your pretty well covered with that. Buy and hold (and hope for the best)

and added this in after - gotta love China!!

"We have mentioned that the Chinese stock market has dropped in the past few weeks. Well, to help with the slump, the Chinese seem not to be able to access the words ďstock marketĒ on various social media platforms. Weibo, the Chinese version of Twitter, showed no results on its web version on Wednesday.

This seems to have worked, as the market has been up for the past two days."
[close]

Heres another...Tesla's fault?

"I saw this and thought it was interesting. Over the past six months, SPY is up 16%, RSP, which is equal weight the S&P 500, is up 26% and RVRS, which is the S&P 500 in reverse, where the top holding in SPY is the lowest weight, is up 35%. RVRS also outperforms both over the past year."
[close]

Last one for Today - its about NFT's!! Like WTF!!

The first virtual Non-Fungible Token (NFT) artwork to be sold at a major auction house closed at $69,346,250 during an online auction by Christie's on Thursday. The starting bid was $100.

"Everydays -- The First 5000 Days" is a collage comprised of 5,000 images taken over the course of 13 years by a digital artist named Beeple.

Makes me want to look a bit more closely at the pictures on my cellphone.

If you were wondering what NFTs are, they are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions.

rawr1922

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Re: Investing?
« Reply #261 on: March 18, 2021, 02:21:50 AM »
Call me flip flop , I'm a walking contradiction. Obsessed with the market now. Can't resist penny stocks. Changing ratios :  50% blue chips & 50 % penny stocks. In the future when mortgage plus family comes into play gonna change numbers to 70% blue chips, 30% penny stocks. 
 
For what it's worth , costco & Walmart stock good retirement plans if you keep buying shares. I'm gonna try to buy 1 share of Costco stock every 2 months. Costco here to stay, in 20 years probably less gonna be worth at least 1K a share 
 
And walmart proved they adapting & amazon can't replace them . Impressive how fast they perfected their online shipping

rawr1922

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Re: Investing?
« Reply #262 on: March 18, 2021, 02:29:21 AM »
As of right now , my ghetto ass portfolio consists of 1 share of Costco & whole bunch of penny stocks: HCMC, CLIS, METX,  VALPQ, TGIFF, HITIF, ABML, & AESE

wake and bacon

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Re: Investing?
« Reply #263 on: March 21, 2021, 12:16:16 AM »
Expand Quote
Who bought them from you? Just rich old dudes?
[close]

I kept my prices low to make quick sales. So I'm guessing other flippers bought them. But I'm sure rich old dudes are in there. Lots of talk about the Chinese getting access soon and buying everything up. Apparently younger NBA players are obsessed with it too. The player's union gets a cut. So it's in their best interest to hype it up.

i've been selling unopened top shot packs on ebay and have been making a fucking killing. insane returns. it's been blowing my mind. i love the NBA and crypto and even the concept behind NFTs but damn, this shit is nuts
:) I must have been tripping last night

Billy Bitchcakes

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Re: Investing?
« Reply #264 on: April 06, 2021, 07:19:34 PM »
This is a bit of a dumb question but - those who invest, whatís your out strategies? Like I invested a load in a bunch of alt coins and itís all gone up pretty good, but I just donít know when / whether to take my winnings. Torn between missing out on it going up more and worrying the whole market will tank. I canít just leave it in there forever. How do you plan for what to do personally?
When I was 17 I shit my wetsuit inside a Starbucks in San Clemente in front of wee man.

essal

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Re: Investing?
« Reply #265 on: April 07, 2021, 12:02:20 AM »
I have to pay taxes on everything, so if I wanna recoup my initial investment then I need to account for taxes as well. say it was $100, then if it's a $200, I can't withdraw $100 and think I'm even, since I need to play taxes on that $100 I withdrew. long term, 10x is my goal and plan. Currently at 3x.

but I don't fuck with shitcoins.
take your gains before it tanks.
if you don't know why your coins are up, then take the gains.
if you don't know the project plan, take the gains.

sexualhelon

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Re: Investing?
« Reply #266 on: April 07, 2021, 01:06:22 AM »
I have to pay taxes on everything, so if I wanna recoup my initial investment then I need to account for taxes as well. say it was $100, then if it's a $200, I can't withdraw $100 and think I'm even, since I need to play taxes on that $100 I withdrew. long term, 10x is my goal and plan. Currently at 3x.

but I don't fuck with shitcoins.
take your gains before it tanks.
if you don't know why your coins are up, then take the gains.
if you don't know the project plan, take the gains.

Long term gains, at least in the US, is a pretty nice deal compared to the taxes you could be paying for it in other places. Once you've held an asset for a year you don't pay any taxes up to 40k, 80k if married and filing jointly, etc... I don't even think short term is so bad in the US compared other places - 10% up to 10k and maxes out at 37% once you're  cashing out 500k+ (if you're single). In Germany, for instance, you have to pay capital gains on everything each year even if you didn't sell anything - which makes no sense to me. I think it's a flat rate of 25% + solidarity charge.

Tons if shitcoins just like there's tons of shit companies. Definitely do your due diligence in researching what you're investing in. If it's a swing/day trade then be sure to have your entry/exits straight. Long term investing is much less stressful and easier to gauge, imho, but I'll do a day/swing trade every now and then. 

One strategy is to consistently cover your gains, depending on your investment plans and how you want to sort your taxes. In that if you invested 1k and the unrealized gain is at 3k, you should cash out 1k. It makes sense, but it's also one of those situations where if you believe the company is one to hold for 5-10 years then I don't know why you'd do it. I usually only do that if I want to take gains from one investment and invest them into something else - but then you'd be needing to pay taxes unless it's a long term hold under threshold.