Well, I did hit it two days too early, but the recovery is on!
On a side note, it’s times like this I wish I had poured 4x what I did into BA, that was a gimme, but was buying too much other actual shit at the time. Like a roof.
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I recently bought some SKLZ and OPEN
What are you shitfaces buying ?
I added to Draft Kings and SKLZ today and took a small position in LAZR
I sold everything but oil a week ago. My airline stuff hit a high so I took the profit. I'm getting nervous.....
Well high for cash that is lol. BTC is a cult and scares the hell out of me.
Housing market is insane right now. I am gonna buy a house, the market is gonna collapse, and I am gonna lose 20-40% of value, aren't I?
Yes you dumb fuck. Wait until all the foreclosures protections expire. Next year will be the time to buy IMO.
Any of you hoes get dooshcoin? Some fucker at work said he bought $200 few weeks ago and it’s $2000 now.
That coin was created as a joke. Ruins the whole crypto currency landscape. Would think a market correction is coming soon but then again the herd buys what the herd buys. I can't complain though as bitcoin cash has been kind as of late even with bitcoin fairly stagnant. Speculating on ADA too now.
Chia
Lost a shit load of money on paper but still up bigly in covid times cha ching
Anybody use anything like Wealthfront? I want to set something up where my money gets invested automatically without even thinknig about it.
Alright folks - let's say hypothetically I pocketed enough money to have ~150K to invest per year post tax. I already max out 401K, etc. I know some folks do backdoor roth, etc but I haven't researched this.
Would I be better served investing in real estate or stocks? I don't want to actually manage the properties, just invest in them and own them since right now time is a limiting factor for me. I have young kids and a demanding job so I don't want to spend my time f'ing around with real estate too much.
What other types of investments should I consider?
What type of real estate, and why would you choose this over stocks when you seem to have don well with stocks. It's not all roses in real estate. Eventually this insanity will correct and some will pay for excessively overpaying for homes
I don't know the answer to any of these questions. I am just trying to maximize my ROI with as little time commitment as possible. We get a big equity grant each year at my job so I intend to invest the the whole thing and hopefully set my kids up. Just not sure how to best do that. Seems like some peeps in real estate can make some serious coin, but conversely it also seems like they invest a lot of time.
Something I do want is the money to be relatively liquid so if we decide to buy a new house we can.
Best way to make money in this environment is rentals but if you do not want to spend time you have to have a management company that cuts into your profits. This type of investment is NOT liquid at all. Right now I would leverage primary residences because rates are ridiculously low, so put it in rentals, if you want it to pay out to your kids, and then put less down on a house.
the other option is just get a financial advisor and open a brokerage account. Usually at $300k they start managing it better, at $500k the costs go down and over a mil they get even better.
What are the stocks they are a good buy right now? Looking for phat returns and don’t need to touch the money anytime soon - in Roth IRA
Honestly my favorite investment is a HUGE gamble $10k into Shiba Inu Coin, only time I have ever owned over a billion of something :) If it reaches .0045 cents its worth $4.9 mil lol. Then I buy my island!
You think stocks are crashing Tony? I think we're due for a big reset too but am unsure if I should go to cash and get raped on capital gains or what exactly.
They have to crash and I would imagine crash hard, that is when you invest heavily and make bank. My guess is the S&P drops back to 3000 by the end of next year but AGAIN this is why I have a money guy because I am just a random mortgage jockey that likes to throw around money and really I want a crash because that is when you make more money! I wish I had more in 2008, now I am set up to buy 10ish new townhouses in the next crash after liquidating our rentals.
What are some things that folks think are gonna grow? I am totally unaware of companies that are no brainer gonna 5-10x in 10 years like Apple, Amazon, etc in 2010ish. Bretsky what are you roling the dice on?
I sort of like Cloudflare. They're doing some interesting things and are quietly becoming a robust cloud provider for simple applications (which is the vast majority of them) that is quite a bit more affordable than the big players.
I sold all my remaining energy stuff a few days ago....it made a ton of money and will probably continue to climb but I got leery. I stopped buying homes awhile ago as everything is so expensive out west. I did invest in a home in NY though with my son though. I'm searching for a startup now to invest in.
What stocks are you thinking are going to grow like crazy the next ten years? What stocks are you excited about?
Personally - I just don't know. I like ABNB in practice but as you previously mentioned they are destroying a lot of shit so maybe not a good ethical stock to buy. Stripe is obviously a no brainer but they aren't available yet. Maybe Coinbase? Seems like they'll be a proxy for all things crypto.
Sorry I missed this; I had a knee replacement surgery 6 days ago and the recovery is pretty dam brutal.
Ideas I really like would be Crowdstrike (CRWD) as well as CloudFlare
I also like Coinbase; but I need to become more schooled on the company.
What else are you considering ? Take a look at CRWD as one to consider for sure.
Well Shiba Inu Coin is crushing it :)
I bought a bunch of LIT recently. I hope cryptos are banned. What a waste of energy and such a huge crime enabler.
Lol Cryptos cause crime, less crime then central banks.
Alright Tony where is this shiba coin going? I was up 50% and now down about 20% lol. It's a roller coaster but I wanna get out and move to ETH, but hoping to at least break even before I do.