$NOW crushed day after earnings as usual. Betting on a rebound bought 100 4/30 $230 calls for an average price of $.095 this morning. Hoping to flip later today if stock goes up a little bit
my reaction whenever reading options trading numbers in this thread. one of these days I should make an attempt to learn wtf that shit means. or maybe it's for my own good to just stay out of it.
not sure when they're going to work, but when they do, they're going to rip. I'm repping GE and ViacomCBS for the next year.
Took all but 10 minutes this morning to lose most of my NOW gains from the last month and a half. Wait, what's $230, are we talking about the same stock?
Heh… my dad’s not a return chasing degenerate like you clowns. Big picture old money stuff, you wouldn’t understand.
Big picture, old money stuff.... drop in and brag about your dad giving you even more privilege. Very cool.
If you were actually old money then you wouldn’t have posted that single-stock theory on a message board
I’m pretty hammered but not hammered enough to think someone with generational wealth is going to spend their time sorting through the bullshit on seeking alpha and then making recommendations based on that search to their heir Chumbolone
This is the shit that gets pass these days? This is like peak ‘12 posting right here, “I might be too drunk to not get the joke, but here’s my salty take nonetheless… do I put the @ before or after the username, hon? HON!? Before OR after the @ ? Before? Heh, got ‘im.”
Old money would never call itself old money you new money loser Your dad is probably a lawyer on a billboard, seeking alpha LMAO .
Like, old money parks it’s capital at Goldman and gets an update on how it’s doing over a $500 lunch every six months. They don’t research copper stocks on seeking alpha FFS. That is the most ignorant, new money shit I’ve ever heard ahahahahahahahah
Berkshire's annual meeting was today and while I know most of you don't give a shit I will go ahead and paste this stuff anyway. Warren Buffett and Charlie Munger said the proposed corporate tax rate hike from the Biden administration would be a negative for shareholders but they are not particularly worried about it and the company will adapt. Buffett noted that some companies try to fear monger by saying the tax rates will be passed through to customers. “It’s a corporate fiction when they put out statements about the fact that it will be terrible for all of you people,” Buffett said. Buffett, who is a Democrat and said he voted for Biden, said he doesn’t like to get into policy specifics during Berkshire events. He did point out that the corporate tax rate was significantly higher early in his career, above 50%. ------------------------------------------------------------------------------------------------------------------------------------------- Berkshire Hathaway Vice Chairman Charlie Munger took aim at bitcoin and cryptocurrencies during the conglomerate’s annual meeting on Saturday. “I think the whole damn development is disgusting and contrary to the interests of civilization,” said Munger. Buffett’s right-hand-man called bitcoin a “financial product invented out of thin air.” “Of course I hate the bitcoin success,” Munger said. “I don’t welcome a currency that is so useful to kidnappers and extortionists.” Buffett avoided the question on bitcoin because he said he didn’t want to get grief from everyone who is long bitcoin, relative to the few people who are short the digital asset. ------------------------------------------------------------------------------------------------------------------------------------------- Warren Buffett weighed in on the white-hot SPAC market, saying that the mania won’t last forever and it makes the deal-making environment more competitive. “It’s a killer. The SPACs generally have to spend their money in two years as I understand it. If you put a gun to my head to buy a business in two years, I’d buy one,” Buffett said with a laugh. “There’s always pressure from private equity funds.” Special purpose acquisition companies are formed to raise capital to merge with a private company, which will be taken public in the process, usually within two years. More than 500 blank-check deals with over $138 billion funds are seeking their target companies currently, according to SPAC Research. “That won’t go on forever, but it’s where the money is now and Wall Street goes where the money is,” Buffett said. “SPACs have been working for a while and if you secure a famous name on it you could sell almost anything.” ------------------------------------------------------------------------------------------------------------------------------------------- Warren Buffett and his long-time business partner Charlie Munger addressed the combination of high government spending and rock-bottom interest rates, with Munger saying that he didn’t think the extreme scenario was sustainable forever. Munger said that professional economists had been too confident in their analysis and had been proven wrong about many things, but he said that Modern Monetary Theory, which calls for greater fiscal spending with less regard for budget deficits, was not necessarily the answer. “The Modern Monetary Theorists are more confident than they ought to be, too. I don’t think any of us know what’s going to happen with this stuff,” Munger said. “I do think there’s a good chance that this extreme conduct is more feasible than everybody thought. But I do know that if you just keep doing it without any limit it will end in disaster.” ------------------------------------------------------------------------------------------------------------------------------------------- Berkshire Hathaway Chairman Warren Buffett admitted selling a small part of its Apple stock in 2020 was a misstep. In the fourth quarter of 2020, Berkshire trimmed its Apple stake by just 3.7% to about 944 million shares. “We got a chance to buy it and I sold some stock last year...that was probably a mistake,” said Buffett. The “Oracle of Ohama” went on to to say that Apple’s stock is a “huge, huge bargain.” “It is indispensable to people,” Buffett said. “The part it plays in their lives is huge,” he said. “A car costs $35,000 and I’m sure with some people if you asked them whether they wanted to give up, had to give up, their Apple, they’d give up their car.” Apple is the largest position in Berkshire’s investment portfolio, in a bet worth nearly $111 billion. ------------------------------------------------------------------------------------------------------------------------------------------- Responding to a question about growing criticism of fossil fuel companies, Warren Buffett said he had no issue owning Chevron and expected the company to be a benefit to society in the future even as the world moves toward more renewable energy. “People who are on the extreme of both sides are a little nuts. I would hate to have all hydrocarbons banned in three years. It wouldn’t work. And on the other hand, what’s happening will be adapted to over time,” he said. Buffett pointed out that, while he and Munger have sworn off tobacco stocks, they have owned retailers who sell cigarettes. “There’s something about every business that, if you knew it, you wouldn’t like ... if you expect perfection in your spouse or in your friends or in companies, you’re not going to find it,” he said. ------------------------------------------------------------------------------------------------------------------------------------------- Buffett is addressing his newsmaking sale of airlines, which he revealed at last year’s meeting. The airline stocks subsequently rallied following his sale and critics said it was a bad move by the legendary investor even though the long-term outlook for airlines, especially business travel, is still shaky. The government helped provide support to airlines in the pandemic and Buffett said he had no problem with that move and said the fact that he wasn’t a large shareholder in the industry may have made it more palatable for the government to help it. “An industry that was really selling for less than $100 billion lost a significant amount of money, they lost prospective earnings power...international travel’s not come back...I do not consider it a great moment in Berkshire’s history but also we’ve got more net worth than any company in the United States...I think the airline business has done better because we sold and I wish them well but I still wouldn’t want to buy the airline business.” ------------------------------------------------------------------------------------------------------------------------------------------- Buffett warned newbie investors that picking great companies is more complicated than just selecting a promising industry. “There’s a lot more to picking stocks than figuring out what’s going to be a wonderful industry in the future,” said Buffett. Buffett put up a slide of all the auto companies from years go that started with the letter “M;” however, the list was so long it didn’t fit on one slide. The “Oracle of Omaha” had to narrow the list to automobile manufactures that started with “Ma” to fit the names on one page. Buffett said there were about 2,000 companies that entered the auto business in the 1900′s because investors and entrepreneurs expected the industry to have an amazing future. In 2009, there were three automakers left and two went bankrupt, said Buffett. ------------------------------------------------------------------------------------------------------------------------------------------- Warren Buffett started his presentation with a list of today’s 20 biggest companies in the world and he asked how many of them would still be on the list 30 years from now. These powerhouses include Apple, Saudi Aramco, Microsoft, Amazon, Alphabet and Facebook. The “Oracle of Omaha” reminded the audience that none of the top 20 companies from 1989 were on today’s list. More than 30 years ago, over half of the largest companies globally were Japanese firms, including banks and industrials. The only U.S. companies on the list were Exxon, GE, Merck, IBM, American Tel & Tel and Philip Morris. “It tells you that capitalism has worked incredibly well, especially for the capitalists ... The world can change in very, very dramatic ways,” Buffett said, adding that the best way to invest is via index funds.
someone mentioned real estate investment firms a while ago and i keep poking around them the jargon makes it seem like such a scam
You mean like fundrise and yield street? Trash. Private equity/HML’s are legit if you network, have an in, I’d be wary of anything marketing to regular Joe’s.
This is generally correct. As are the more institutional names like the Blackstone REIT or the Starwood REIT who will take your money. It’s a fee machine for them on a permanent base of capital. Thats it.
I threw a couple bucks into Groundfloor last year. It has worked out well so far. I like how you can fund individual house projects, and I found a few in my own city so I drove by just to see the projects, which was kind of cool. I just treat it the same as Prosper. A sort of fun alt investment.
This seems pretty interesting. How much information do you get before you invest in something? Or is it kind of decided for you?
Sigh. Bragging about wealth on a CFB message board is so new money. I run a logistics startup that I bootstrapped with my own cash, entry level lol. Risk and sacrifice you wouldn’t know anything about. Say hi to Daddy for us when you get in to the office
This is all correct. Find a syndicator or two who have a track record and an investment strategy similar to your own view and risk profile, then choose the deals they present that best meet with your own investment thesis. As long as they are reputable and transparent, you’ll do well in real estate passive income investing.
When you sign up you do a couple questions about your preferences I believe; then that filters the opportunities they show for you I believe. Once you're in, they give you some standard metrics for that project and you can see the profile of the borrower you're funding as well.
So do you get to pick specifically where your money is going? Do you get an estimated return, etc. before deciding?
Yes and yes. You pick the specific notes you want to fund, usually the minimum is super low like $25 to $50. The terms are laid out on what you pick, like 10% APR and 6 months left on term etc
Seems pretty legit, I’ll check their site out later today. Do you know off the top of your head how fees work? I assume you have to pay something for the service.
There are no actual fees to investors at all, I assume they make their money by up charging the borrowers at higher rates than the investors are getting, so I guess you could consider that the fee, but if it says 10% rate then you get 10% and no signing or paperwork fees at all
Not sure if they have some kind of referral code or anything but if you want to PM me go for it. Not sure when I’ll sign up but would definitely be interested in this.