Official Investing Thread

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

  1. Sportfan

    Sportfan From Six to Dumptime

    we had a convo in this thread start of September. Most felt the markets were due to pull back (which they did) but even still how you could time it and play the tax game properly just seems too difficult vs set it and forget it.
     
  2. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    I didn't listen to yall and I went all in on leveraged ETFs the 22nd anyway. Now I'm basically the monopoly man level wealthy in 10 days, pretty much kinda.

    50% TQQQ
    35% UPRO
    15% UDOW
     
    IV, Doc Louis, letan and 5 others like this.
  3. ScFan27

    ScFan27 Well-Known Member

    That’s awesome, you should sell it now.
     
    IV likes this.
  4. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    Word is Freeport McMoran (FCX) will announce a $3B stock buyback for 2022 in addition to their dividend. Licking my chops
     
    Chumbolone and BP like this.
  5. Duck Smoker

    Duck Smoker Who needs harmony, melody, or rhythm?
    Donor
    Florida GatorsDetroit Tigers

    I put half my funds in TQQQ on the 18th. Would've been better off if I put all my funds there. Did hit a couple nice runs with AMBA, BROS, and especially KKR. Stocks are up overall, but not as much as TQQQ.
     
  6. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
    Donor
    New York GiantsNew York YankeesAtlanta UnitedUCF Knights

    I am admittedly stupid about things and don’t know what I’m doing, so good job I suppose. Take your gains and run though?
     
    ScFan27 likes this.
  7. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    I have 10 years to draw down an inherited IRA so I'll only sell it if I think that the price in 10 years will be lower than the current price, which I do not. I'll probably just sell some calls against my shares if it stays at or near ATH. We have rate increases coming sometime and that's a risk to mess me up in the short run but long run I think I'll be ok.
     
  8. Duck Smoker

    Duck Smoker Who needs harmony, melody, or rhythm?
    Donor
    Florida GatorsDetroit Tigers

    Or, increase your stops every day as it rises, and sell when you get stopped out. Put stops in the white area between red and blue lines, or somewhere in the upper blue lines. Otherwise, let it run.

    upload_2021-11-2_9-47-56.png
     
  9. shawnoc

    shawnoc My president is black, my logos are red...
    Donor TMB OG
    Rutgers Scarlet KnightsNew Jersey DevilsNew York Red BullsLos Angeles Angels of Anaheim

    If DuPont is going to buy my ROG for $275, i shouldn’t sell it for $269 today, right?
     
  10. shawnoc

    shawnoc My president is black, my logos are red...
    Donor TMB OG
    Rutgers Scarlet KnightsNew Jersey DevilsNew York Red BullsLos Angeles Angels of Anaheim

    Any IPOs I should avoid? (I’ve been trying them all and have about an 80% hit rate).

    nerdwallet
    allbirds
    expensify
    backblaze
     
  11. Duck Smoker

    Duck Smoker Who needs harmony, melody, or rhythm?
    Donor
    Florida GatorsDetroit Tigers

    Taxable account? When does deal close?
     
  12. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville Jaguars2pacSneakersFormula 1

    lol at the Avis rollercoaster today.
     
  13. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Will look to get into Rivian
     
    dirtybert likes this.
  14. shawnoc

    shawnoc My president is black, my logos are red...
    Donor TMB OG
    Rutgers Scarlet KnightsNew Jersey DevilsNew York Red BullsLos Angeles Angels of Anaheim

    Yes and no idea
     
  15. ScFan27

    ScFan27 Well-Known Member

    Deal is expected to close in Q2 of 2022.
     
    shawnoc likes this.
  16. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    These are beasts.

    Sprott Physical Uranium Trust has been buying up and storing uranium. The uranium buying market has been really lazy since Fukushima, spot price got down to 10 bucks with the oversupply and governments shying away from nuclear. Sprott's average cost of their 40% global supply is about $29. They want to move the market to about $80 (which is reasonable)

    Due to climate pressure, many countries (including Japan, France, Britain, Germany) have said they're going to move back to nuclear. France has commissioned 7 new facilities.

    Mining companies that specialize in uranium are going to move for the next few years

    UUUU has the most upside as it's a US company and will benefit greatly from the infrastructure package
     
    #26066 The Milkman, Nov 3, 2021
    Last edited: Nov 3, 2021
    rcragg82 and Chumbolone like this.
  17. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    URA has been nice too
     
    The Milkman likes this.
  18. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Penn down 20%, Draftkings down 5% by association I guess. Oops.
     
    Hatfield likes this.
  19. ohhaithur

    ohhaithur e-Batman
    Donor

    all of their financials are terrible
     
  20. jcb-r

    jcb-r Back and better than ever
    Rutgers Scarlet KnightsNew York MetsBrooklyn NetsTennessee TitansNew Jersey Devils

    PTON ouch
     
  21. ohhaithur

    ohhaithur e-Batman
    Donor

    imo PTON is victim of its own success. It reached a ceiling so quickly they now demand even more revenue. But where is that going to come from? Who didn't get it in 2020 that will in 2021-22?

    Now they're dumping millions into ads for whom?

    Editor's note: I did actually in 2021, but my case was unique
     
    WC, Hatfield, shawnoc and 2 others like this.
  22. Doc Louis

    Doc Louis Well-Known Member
    Donor

    They did make moves like buying Precor, and I thought it was to expand into additional workout equipment, or at least update their ellipticals that are 15+ years old at la fitness.
     
  23. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

  24. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts



    Savage.
     
    kinghill likes this.
  25. Duck Smoker

    Duck Smoker Who needs harmony, melody, or rhythm?
    Donor
    Florida GatorsDetroit Tigers

    Greatest stock call ever? This guy is annoying, but greatest LOL stock call I've seen in some time.

    [​IMG]
     
    The Milkman, Ty Webb, shawnoc and 4 others like this.
  26. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    They’ll come back. They just announced a piece of fitness equipment like the Xbox fitness. With a tracking camera and they’ve been rumored to have a rower at some point
     
  27. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    So RIVN IPO today. Expecting $70 dollar shares.
     
  28. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Make that $120 lol
     
  29. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    I bought some hoping I forget about them and they’re sitting at 1K in a few years lol
     
  30. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Yeah I got in at $111. Hoping the same
     
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  31. shawnoc

    shawnoc My president is black, my logos are red...
    Donor TMB OG
    Rutgers Scarlet KnightsNew Jersey DevilsNew York Red BullsLos Angeles Angels of Anaheim

    I only got 1 share from Robinhood. :(
    Btw, I’m going to just ask for every ipo that comes out. Any downside to that?
     
  32. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    In this market, probably not
     
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  33. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    FYI - I think this was discussed a while back. Seems like a decent move if just keeping that $ in savings account or whatever, if you can leave it in the bond for a few years.

    https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
    "NEWS: The initial interest rate on new Series I savings bonds is 7.12 percent. You can buy I bonds at that rate through April 2022."

     
  34. burnttatertot

    burnttatertot Señor Ringworm
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    If Visa falls below 200 I'm picking up more, a lot more.
     
    The Milkman likes this.
  35. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Was actually thinking about this yesterday. So the rate changes every six months?
     
  36. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    USDC is over 10% right now. It's a stable dollar coin.
     
    The Hebrew Husker and Tug like this.
  37. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    How's this work?
     
    Sportfan likes this.
  38. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    I'm not a pro on this, but I have some crypto on Celsius where I get returns. Was thinking about moving all but a couple months of savings into USDC.
    For every $10,000 you have on there, you get ~$18/week in rewards/interest. They don't do annual or monthly, only weekly. The rates can change though. They have been anywhere from 8-12% recently. Just went up some. You have to be careful when looking at APR vs APY. APR is what we're used to seeing and is a little less. 10.05 APR = 9.56APY (because you're paid weekly it is a lower amount but ends up being the 10.05 after a year...I think?)

    If you're serious about moving anything over there, let me know so we can both get referral bonus. Not trying to shill it as I have zero USDC on there right now, but was thinking about moving some cash to get the rate. I currently have BTC, ETH, LINK, LTC, and MATIC on their site, but get a much lower return than the 10%
     
    Tug likes this.
  39. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

  40. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Is the only risk the fact the rate isnt fixed? The Bond you at least know you're getting 7% until April, I assume the USD thing is variable? Anyway to end up losing money? lol
     
  41. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    Rate isn't fixed, but it's been around 10% as long as I can remember.

    Here's the governments recent report on it.
    https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf

    Tug plugged his, so I'll plug mine. Just remember, I mentioned it first :)
    Join Celsius Network using my referral code 15286001d4 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself

    https://celsiusnetwork.app.link/15286001d4
     
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  42. user15000

    user15000 Well-Known Member

    Yes there’s a counter party and execution risk with all of the third party crypto companies offering higher interest rates. I think you’d have to be comfortable that the risk of them going belly up and keeping all of your money is far below whatever returns they’re offering.
     
    The Hebrew Husker likes this.
  43. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    I will look into it today/this weekend. Really I am just looking for somewhere I can park some of my savings account and get an OK return with minimal risk and also not have to worry about having a huge issue taking some out when I want. I havent gotten into any of the crypto stuff at all, so usually the deposit/withdraw is my biggest concern after the risk of losing money
     
  44. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    Makes sense. I think of myself as risk averse, but I have money on it. If you're only putting a small amount for a short period of time, I'd go with the bonds.
     
    The Hebrew Husker likes this.
  45. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Have you withdrawn money yet? It'd be nice to not have to worry about any restrictions on taking it out. The bonds have to be in there for a year, and if you cash out before 5 years you forfeit 3 months of interest.
     
  46. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    It was 8.8% yesterday they just increased to 10.2

    Some of the other items I have in there have been reduced but it’s still free money for them holding it
     
  47. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    I assume you can just withdraw your money at any time? Can I just withdraw as USD into a checking account or does it have to transfer to BTC or something? I couldnt find any resources/FAQ on their website so thats why I am asking in here
     
  48. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    They’re working on swaps, but you would have to extract to a wallet on an exchange. I just go back and forth between coinbase.

    I know a bunch of people that use Celsius as a crypto bank and no one has advised me of any issues to date

    I’m very supportive of HuskerInMiami advising of these products. It’s been very easy to use and you can enable HODL mode if you want, which means your acct is locked from withdrawal until a passcode is entered and 24 hours passes
     
  49. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    I haven't done a withdraw on Celsius, but I have done a direct deposit (would it be direct withdraw?) to my bank account of more than 10k on Coinbase to my bank account with no issues.
     
    Tug likes this.