Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Agreed but I can't imagine it making it thru the Senate
     
  2. BUstang

    BUstang Lawyer

    my CLOV $10c is doing nicely today.
     
  3. Struggler

    Struggler Well-Known Member
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    Bob Brinker’s news letters
     

    Attached Files:

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  4. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  5. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    $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
     
    dukebuckeye, ScFan27 and Sportfan like this.
  6. kinghill

    kinghill Well-Known Member
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    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    my reaction whenever reading options trading numbers in this thread.

    [​IMG]


    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.
     
  7. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    lol get ready buddy
     
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  8. momux

    momux AFAM Scholar
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    North Carolina TarheelsCarolina PanthersChelsea

    Haha no kidding. Seems like the responsive industries have already seen huge wage growth.
     
    Doc Louis likes this.
  9. rcragg82

    rcragg82 Well-Known Member

    Today is your day to buy TDOC. Down 9.3%

     
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  10. dukebuckeye

    dukebuckeye P.G.I.T
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    I get a nice paycheck on Monday. If it's still down, I'll buy.
     
  11. NothingIsOT

    NothingIsOT Fuller is a sarcastic asshole
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    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.
     
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  12. burnttatertot

    burnttatertot Super Necessary
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    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    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?
     
  13. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    My old man, ladies and gentlemen…













     
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  14. fish

    fish Impossible, Germany
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    Would’ve been nice to share that post a year ago.
     
    Corky Bucek, wes tegg, IV and 7 others like this.
  15. Oranjello

    Oranjello Well-Known Member
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    Yeah Chumbolone let’s see the losers in the other emails
     
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  16. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    Get your own fucking dad.
     
  17. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    Heh… my dad’s not a return chasing degenerate like you clowns. Big picture old money stuff, you wouldn’t understand.
     
  18. fish

    fish Impossible, Germany
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    Yeah, we don’t understand long term investing.
     
    IV likes this.
  19. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    Sit this one out.
     
  20. fish

    fish Impossible, Germany
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    Big picture, old money stuff.... drop in and brag about your dad giving you even more privilege.

    Very cool.
     
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  21. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    Lol is this a real post?
     
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  22. Oranjello

    Oranjello Well-Known Member
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    If you were actually old money then you wouldn’t have posted that single-stock theory on a message board :twocents:
     
    , IV, NothingIsOT and 1 other person like this.
  23. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

     
  24. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    This is too priceless. Make this an NFT. :getmoneyfuckbitches:
     
  25. Oranjello

    Oranjello Well-Known Member
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    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
     
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  26. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    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.”
     
  27. The Blackfish

    The Blackfish The Fish in Black
    Staff Donor TMB OG
    Alabama Crimson TideIndianapolis Colts

  28. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
    Staff Donor TMB OG
    Kansas JayhawksKansas City RoyalsKansas City ChiefsNewcastle UnitedBig 8 Conference

  29. kinghill

    kinghill Well-Known Member
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  30. Whammy

    Whammy Look kids, Parliament!
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    Old money would never call itself old money you new money loser

    Your dad is probably a lawyer on a billboard, seeking alpha LMAO
    .

     
    #25030 Whammy, May 1, 2021
    Last edited: May 1, 2021
    IV and Tug like this.
  31. Whammy

    Whammy Look kids, Parliament!
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    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
     
  32. burnttatertot

    burnttatertot Super Necessary
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    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.
     
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  33. Jimmy the Saint

    Jimmy the Saint It's like the Weimar Republic in that place
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    The corporate tax rate is a boogeyman
     
  34. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    someone mentioned real estate investment firms a while ago and i keep poking around them

    the jargon makes it seem like such a scam
     
  35. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    :awesomeface: You’re still working an entry level job in logistics, wtf would you know about it?
     
    #25035 Chumbolone, May 2, 2021
    Last edited: May 3, 2021
  36. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    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.
     
    Anison likes this.
  37. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersWofford TerriersUnited States Men's National Soccer TeamLiverpoolCharlotte FC


    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.
     
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  38. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    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.
     
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  39. The Hebrew Husker

    Donor
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    This seems pretty interesting. How much information do you get before you invest in something? Or is it kind of decided for you?
     
  40. Whammy

    Whammy Look kids, Parliament!
    Donor
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    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
     
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  41. Anison

    Anison Known friend and trusted agent
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    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.
     
  42. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    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.
    C56232F7-626D-4C72-9A75-D88F14B7C0D0.jpeg 7C00EC33-8D29-461F-A2A5-A42BA0FC7B7E.jpeg 8FBDC429-6BED-4C03-B0AC-39A125CF4ABD.jpeg
     
  43. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    Still don't completely understand it, but I like it. I want in.
     
  44. The Hebrew Husker

    Donor
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    So do you get to pick specifically where your money is going? Do you get an estimated return, etc. before deciding?
     
  45. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    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
     
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  46. The Hebrew Husker

    Donor
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    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.
     
  47. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    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
     
  48. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    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.
     
  49. ohhaithur

    ohhaithur e-Batman
    Donor

    so you're essentially providing microloans for flippers?
     
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  50. ohhaithur

    ohhaithur e-Batman
    Donor

    [​IMG]

    This might help people like me who were struggling to understand it
     
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