Costco is a great stock
Printable View
Costco is a great stock
Coinbase is such a good buy right now. That PE is dirt cheap. Easy 10x return on 10 year timeline IMO.
https://twitter.com/Austen/status/1540350896663474178
True for most good stocks.
Yes, very much so. It is a great buy if you plan on holding 10 years. You will probably 10x your money or have nothing left. I am banking on 10x minimum. Brian Anderson is one of the best CEOs in the country.
I like Shopify, Coinbase, Amazon a lot at these price points. Amazon is a steal because it just continues to grow and grow and grow.
NVDA here seems like an ez call as well
I don't visit here often, but I saw the thread from the forums page. The market predicts the economy by 6 months generally speaking. The fed has/is forcing us into a recession to deal with inflation and the massive growth tech sector was sold off as a result. Now however the market is showing signs of resistance to a further drop. A nice lazy easy way to profit during a recovery is to play QQQ (nasdaq etf).
If you like to pick stocks though, SLG is an office REIT with an absurd 7.9% dividend. Its pretty good quality and pays monthly. Offices are finally set to rebound as the work from home idea is fading at many big companies. They are figuring out that they don't get their employees attention when said employee is sitting at home.
If you are super conservative (as I am) PFFA is a leveraged/managed preferred fund that pays near 9% dividend. Typically you wouldn't expect any upside from capital gains, but its trading below par so there is an upside there as well of at least 10%. Locking into a 9% yield with some upside is never going to hurt you.
How are both of the above affording such a high dividend? What's the catch? Who wouldn't take 10% return in this market?
Office REITs were crushed to say the least. SLG was owning some high quality product and their revenues suffered, but not nearly as much as the market priced in. since dividend is a correlation to price, the % got pretty high. The underlying assets they own are producing again. They need to do a little catch up as far as payout ratio, but its getting there. When that ratio gets under 80% the price will correct to about a 5% dividend or so.
PFFA is preferred stocks, many of which offer yield of 6%+ (with no capital upside). So now, get a professional like Jay Hatfield picking out the best valued ones and then leveraging them you end up with 8%....then the market sells off (irrationally in the case of most preferreds) driving price below the standard par of $25 and you end up with a 9% yield on a pretty safe and diverse portfolio.
How do I know when to sell them? I am interested in making the 10%.
My personal investment strategy is to only sell a quality dividend stock when it becomes over valued. So if SLG becomes priced to the point the dividend resides around 4.6% or lower I might sell...but I like to just take my monthly income from my portfolio and generally only sell when things are absurdly overvalued. PFFA likely won't ever get to that point. Preferreds are stable and safer than equity stocks. If somehow it priced up well over the $25 mark that most preferreds call "par value" then its probably smart to sell, but that just doesn't happen often.
I have a few rules when investing that have helped me dodge bad outcomes. I don't pay for absurd growth estimates (tesla and such). I don't buy china (alibaba and such). For the most part I don't buy stocks with dividends under 4%. I try to buy stocks that are trading at 20% or below historical norms. Stocks with a longer track record ideally. Then before I buy them I analyze whether there is a fundamental reason the valuation has fallen. If not, then that is usually a great investment. 4+% cash flow to wait for valuation to correct. Sometimes it happens fast, sometimes it takes years. Altria has been in a bear market for a decade, yet they keep paying a monster dividend and keep buying back their shares. They remain profitable, even growing profits year after year. I have owned it for awhile and am down overall, but I still rake in a nearly 7% dividend on the cost I payed for it. I can live with that playing out for another decade.
Hey Ish, MFC is also WAYYY down from historical norms and pays a 5.9% dividend. Now I'm wary of it since I think there could be an explanation for their big hit to profits, but since you don't believe me in the other forum this would be a great investment opportunity. I'll pass however.
Yeah I'd love to hear more. I have 220K in cash sitting around right now. I want to invest ~100K of it. I am _very_ comfortable getting an 8-10% ROI. If it's basically guaranteed, I'm in. This is my "this is going to be a really bad recession" fund so losing it is not an option.
There is no basically gauranteed. That is the reason you diversify. You need to find 10-20 stocks that are valued properly. That mitigates risk. You need to think long term. Investing done right is boring. Done wrong its gambling.
I'm not sure your age, but guessing it to be 40ish or under? You should take all your coinage that is for investing, split it between S&p 500 and QQQ (nasdaq). You will be heavy in all the big tech companies, but that is ok because you have near a 20 year timeline. It will have good years and bad. No one I have ever met is smart enough to predict when those will occur with any great accuracy. Again, done right its boring.
My advice to nearly everyone I meet (because very very few have the skill AND desire to study stocks) is simple. 1) Max your 401k if you have one, or IRA if not 2) Pay off your house and if you move put all the equity into your new house. 3) If you have done both of those and have money left over split the S&P and QQQ in a TDameritrade account.
Unless you are truly a professional investor that is the best play in 99% of the cases....which is why I haven't spent a lot of time on this thread. To my knowledge no one in this thread is a professional trader, so picking individual stocks is a fools errand. They will panic at the wrong times and get frothy at the wrong times. Most people who don't just invest and leave it average around 3% return because they get excited and buy when stocks are going up and get scared and sell when they are down. i.e. buy high and sell low.
Right now we are in a historically HORRIBLE first 6 months of a year. I am all in and have extended my margin buying about 12% (and it has gone up nearly daily). I expect we are heading in the right direction since the market precedes the economy by 6-8 months. The market already has had the recession we are in/headed into and its already moving out of it. this is also why its imperative to be honest with yourself and not follow the media who continually insist that 9% inflation and a shrinking economy isn't a recession. It certainly is. When they say things like "we might have a mild recession next year" they are lying with an agenda. But I'm getting political here and don't want to offend others in this thread. We are in a recession and we likely will be coming out of it very early next year. So I expect the market to begin improving....BUT that doesn't mean I went all in on my margin because predicting the market is a fools errand. I simply cost average on the way down, then trim profits on the way up. At a certain point of over valuation I will begin to build a cash position (which I was in by late 2021). Sometimes I sit on cash for longer than I am comfortable, sometimes my margin is extended for longer than I am comfortable because I can't guess WHEN the market will reflect valuations properly. But I never get more than 20% into the margin or 20% into cash. Again, slow, steady, boring.
So that was a hell of a response to a simple question, but I hope at least a few people walk away with a little more knowledge (and a little less gambling in the market).
Best performing asset of the last decade. Will continue to be the best performing asset of the next decade. Why?
Bitcoin is the invention of ultimate scarcity, the most perfect monetary good ever invented. Fixed supply currency that's highly divisible. Erases the idea of a central authority. Own as much of it as you can while people still don't understand these concepts. Your grandchildren will be grateful.
The next 3 years will be the world discovering Bitcoins role to protect against hyperinflation, and total currency collapse. Dark times ahead, but there is light at the end of the tunnel. Ask yourself what inflation is and how it works? What is its relationship to the idea of "time" and "money"? How do they share space? This is why Bitcoin is the best monetary asset ever invented.
Also, if anyone is wondering, when is the best time to buy bitcoin? Did you buy it when the price was bouncing between 3-13k in 2018-2019? Nope. Because you're stuck in short term trader mentality. In retrospect, long term, you will realise it is the only asset you ever need to own, because it is THE asset by which our future selves will understand what a true medium of exchange is. When this sinks in there will be no point holding any other, stock, bond, "crypto", or even to hoarde real estate. These things only make sense from the perspective of state controlled money.
Bitcoin will always be cheap until you realise what it is and how it works. You're witnessing the creation of a new monetary paradigm.
Gotta let the demons who are running the show bring us closer to the light for y'all to understand.
Also funny how quiet this thread has gone over the past 9 months! 🤣 REKT...🤣
I mean, I guess. I own several bitcoin and a lot of eth and I agree on some points but the proof is in the pudding, no?
Crypto also got rekted. It got rekted _a lot_ worse than my other holdings.
I agree the currency is very well designed and will eventually be a thing. I kind of want to go work at Square on payment infrastructure around BTC and work on making it a thing.
BTC needs to get to the state where I can just use a credit card and everything just magically works and insurance is a thing, etc. It's not there yet.
Not sure what you mean when you say proof is in the pudding, unless you're referring to an "I'll believe it when I see it" type mindset. By that time the price will be on a different planet in terms of "USD" valuation. The opportunity is in the leap of faith. What bitcoin is essentially doing is erasing the idea of TRUST between two parties, by acting as an incorruptible medium of exchange. By erasing the need to trust, you build a level of comfort, honesty and truth in a society, and in a race of people, aka the human race, that has faith in one another in built into the concept of energetic exchange between one human being and another, so you're essentially evolving humanity. Imagine being able to trustlessly trust a person you do not know because the money is incorruptible. It also psychologically erases the need be dishonest, since everyone receives a fair cracking at earning a living. Show me the incentives and I'll show you the outcome. This is where true capitalism can be born, not the kleptocratic version of capitalism we are looking at today.
Also, Ethereum and all other "crptos" are designed to distract you from the reality of the points I've made above in different posts. The overlords in power can't lose control of the money supply, once they do its game over for all these endless wars, because then you have to ask for permission from people who will not give up their scarce asset to go and fight an external battle on foreign lands. This point is also the beginnings of the potential for true world peace between nations, because through true scarcity you can breed true prosperity. Inflation has the opposite effect, because the money being inflated is controlled by the people in power who dictate where that goes and how it gets washed through the system. Once hyperinflation kicks off, which we're already seeing with gas prices and household goods, people are going to start to wonder why the shelves at the supermarkets are empty. Its not just a supply-chain issue, it's a currency issuance/lack of scarcity and reliability in the medium of exchange aka lack of trust. Ultimate scarcity breeds trust, ultimately, leading to true wealth and prosperity, for as close to 100% as it can get. That in itself is a revolution.
Crypto is a pump and dump scheme, mostly. Sell people a pretty story with bells and whistles and.put a bit of marketing behind it and wholla, you got yourself a bunch of suckers buying tops. It's all designed to distract from the bitcoin invention. Nobody is going to know fuck all about NFTs same as nobody cares about the 2017 ICO craze with the "next bitcoin". Eth is garbage primarily because there is no fixed supply issuance and it's designed to enrich its developers.
Check out the lighting network.
Regarding your last paragraph, check out what's going on in El Salvador. They have adopted bitcoin as legal tender over a year ago and have rolled out applications for transferring cash into bitcoin instantly, and vice versa, via the lightning network. The technology people are asking for to get bitcoin in a position to have instant settlements ala visa and Mastercard, that's already here. It's just a little clunky, but given time all these things will evolve.
Most people will only start using it out of necessity, because what's coming in the very near future is all state controlled currencies will begin to hyperinflate, so all that money we spent working hard earned time for, will evaporate. It will be 2008 but on steroids. Their plans to replace it will be with a CBDC, so you have the option of going for freedom money or using programmable government money that will be linked to a carbon credit system and will dictate how you eat and move through the world. Aka social credit score. It's already like this in China.