Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Seems relatively steady still in our area. But with the exodus of a lot of Californians and the ramp up of a lot of companies like Tesla, don’t think we are slowing for at least a few more years.

 

Yeah all those Californians are moving here to Utah. Our housing market has gone up 30% in the last couple years and it doesn't look like it's slowing down. It sucks for me being a first time home buyer. I house that was built 40 years ago, 3 bedrooms, two baths, no garage, yard needs work 1635 sq feet and they want $250k... Getting into a house seems almost impossible for a first time home buyer like me since I don't have equity from a home I sold. All this while interests rates are going up. It's starting to feel like 2008 again...

 

So you guys focus mostly on single stocks?

I usually look at mutual funds and thinking about wadding into spider funds, but just not understanding the big difference there. I also have 401k-ish with government (called TSP), but always worrying about kids college and my retirement crap.

 

I think stocks are a risk, but you’ll never get big returns with index and mutual funds. I think you have to take some risk unless you’re happy with what index funds can return.

 

Just don’t know enough, but always trying to learn. What program or company do you guys use to trade? A long time ago I used Scott Trade(r?) for day trading, bot there are so many now.

 

This seems to echo the sentiment in a lot of places, including where I'm from. The Californians are moving here, same with people from expensive northeastern cities like Boston, they're coming here with tons of cash to throw around because of the equity on their last house, and it has caused a bubble. Meanwhile folks like me, from Alabama and other states with lower median homes prices, are priced out. I also agree that the market for first-time home buyers is not friendly. I have been putting cash away into high-interest savings and a percentage into investments in an attempt to prepare for the next recession. Once we are there, maybe the housing market will be more friendly to those who prepared.

 

I put most of my money into 401k, then a slightly smaller portion into high-interest savings, and any "expendable" money goes into single stocks. I still have gotten away from putting all my eggs in one basket with my expendable money. Right now I've got money in NIO, SQ, ZEN, CIM, and $10 of SMRT lol. So I'm still trying to diversify a little, but instead of betting it all on one stock, focusing more on a group of certain companies I believe will be winners.

I use robinhood. There are no trade fees. They FINALLY added candlesticks! Just be aware of the tax implications for day trading, wash sales and selling a stock less than a year after you purchased it. It is tempting to do so when there are no trade fees. The penalty for selling a stock before a year is that of your income tax bracket.. after a year or more of ownership, it's only 10 or 15%. Trading options will always be taxed at your income bracket.

 

Speaking of NIO, I am sitting at a cost basis of 9.69 and I was going to average down if it gets to the 5s or 6s... but now it's up 13% today at 8.63. I'm in no man's land right now. Can't buy more... can't sell on the spike. Ergh. Should have sold when it touched 13, but it snapped back so fast in the morning that I didn't have time to react. Today's the first green day since the second day of trading. I'm sure it will peter down again over time before settling down and finding a direction.

 

Weed stocks are the new crypto craze! Look at TLRY! Trading halted four times (and counting) due to INSANE volatility!

 

$150 drop from 300 to 150 then back to 200 in like half an hour. I bought a put contract this morning (at the insane premiums). I'm thinking it will gap down in the AM and I'll ring the register. Their price to sales ratio went over 1,000 today. It is run up by all the millennials that don't understand valuation. They just understand "Hey that wen't up a lot, I like weed, I'm gonna buy that!" (I'm a millennial btw)

 

That’s got to be the craziest looking chart I have ever seen. Wonder what it will do in the next year or so, 800% in the last 6 months is crazy!

 

Me too. I don't get it. Fundamentals don't matter. I want to buy a put but considering the volatility, im not sure I want to gamble that much. I'll take a look in the AM tho.

I'm going to bet in the next year it'll still be around 60-90 bucks.

 

It might be 60-90 tomorrow haha. It is the whipping boy of wall street now. I didn't get my chance to unload that put this morning, but that may have been a blessing.

 

Surprised it was only down 17%

 

@scottalot liking all the posts!

 

Anyone been keeping an eye on the MU situation? Not sure I want to tie up much cash in it but I may buy a high call way out to see what happens.

 

SQ is killing it.

 

Damn.. I read some things on SQ, a lot of analysis put its fair price much lower than what it’s trading at. Of course it could stay irrational for a long time, but that would worry me a little bit. In the long term it’s a great buy though I’m sure.

 

everything is overvalued these days. Tesla is worth as much as Ford, yet has never turned a profit. But if you purchased 3 years ago or more, you're sitting on a nice chunk of gains.

All this being said while I read an article on gold;
What do you do when nearly all asset classes are overvalued?

 

Most of my semi risky portfolio has been in SQ for the past couple months. Always loading on dips.

The more I research the company the more I like it. Plus, over the past year I’ve seen more businesses turn to it, and more individuals utilizing cash app on a daily basis.