The Investment Thread (help with savings, stocks, retirement funds, etc.)

[smokew11]

of course I bought Aphria and it tanked. Wondering if its worth buying more into now. You'd think weed stocks would have a good future

[bradshaw06]

Originally Posted by smokew11

of course I bought Aphria and it tanked. Wondering if its worth buying more into now. You'd think weed stocks would have a good future

You have the same luck as me. Things tank as soon as i touch them

[BTBaboon]

Originally Posted by Timebomb07

Weed stonks go prrrrrrrrr

Hopefully y'all got some tendies while it was hot! Looking to scope up some TLRY if it drops back down below $20

I’d be long on cannabis anyways.

[smokew11]

Originally Posted by bradshaw06

You have the same luck as me. Things tank as soon as i touch them

basically everything lol

[smokew11]

Originally Posted by BTBaboon

I’d be long on cannabis anyways.

yeah I was figuring to hold on to Aphria for a while to see what happens

[Tiduwho]

Sold about 20% of my SNDL in the 4s and another 40% in the 3s. Made out ok there as I was in the $1s avg.

But same problem premarket as I ran into two weeks ago on OGI and a couple other small ones I was in. I set a bunch of limits just a little above the trading price to sell around a third of my shares after being up so high in premarket open, leave for daycare, and by the time I get back 35 mins later the stocks have all tanked and most managed to not hit their limits first. Did fine on SNDLs pump and dump, the rest of my diversified pot portfolio sank like a rock.

Stuck with plan to hold Aphria long term, so diamond hands'd that all the way down. Bought a few more shares at $18.

[smokew11]

Originally Posted by Tiduwho

Sold about 20% of my SNDL in the 4s and another 40% in the 3s. Made out ok there as I was in the $1s avg.

But same problem premarket as I ran into two weeks ago on OGI and a couple other small ones I was in. I set a bunch of limits just a little above the trading price to sell around a third of my shares after being up so high in premarket open, leave for daycare, and by the time I get back 35 mins later the stocks have all tanked and most managed to not hit their limits first. Did fine on SNDLs pump and dump, the rest of my diversified pot portfolio sank like a rock.

Stuck with plan to hold Aphria long term, so diamond hands'd that all the way down. Bought a few more shares at $18.

yeah I got out of SNDL about .80 up. Thinking of using that money to buy low on Aphria

[AJF_41]

Originally Posted by Foreverford05

what's everyone think Starlinks IPO will come in at?

It's part of SpaceX now, and their last valuation was something like $60 billion. People were hinting that it could push $90 billion. Valuation was $5 billion back in 2017.

I'm not sure, but I assume a large portion of the valuation on SpaceX is Starlink...maybe half?

So maybe it's $30 billion on its own...wouldn't be surprised to see it push towards $100 billion maybe?

Valuations today are all 3-4x what they should be. Too much money sloshing around...

[Cscottrun]

Originally Posted by Cscottrun

GMGI is another one I got into a couple weeks ago. Having a nice day today.


Sent from my iPhone using Tapatalk

GMGI is up 21% today. Idk what's going on. I can't find any news. I know they are supposedly uplisting soon, but that's been the case for weeks. I haven't seen an article stating they are doing it today or imminently.

[dre2142]

any NIO investors here?

[Timebomb07]

Can anyone dumb the economics of how market caps correlate to stock prices? One of my long plays, as I’ve mentioned here a couple of times is DMTK. With new products in the pipeline, they’re expected to go from 1.5BB to 10BB or more. They hit almost $80 today. Just trying to get an understanding of what the potential could be.

[justinandimcool]

Originally Posted by Timebomb07

Can anyone dumb the economics of how market caps correlate to stock prices? One of my long plays, as I’ve mentioned here a couple of times is DMTK. With new products in the pipeline, they’re expected to go from 1.5BB to 10BB or more. They hit almost $80 today. Just trying to get an understanding of what the potential could be.

market cap is just outstanding shares times share price

DMTK has about 19 million outstanding shares (5 million float)

at $80 with 1.5BB cap a 10BB market cap would mean $526 per share.

however DMTK loses a lot of money looking at their EPS. they’ll likely need a lot more cash to invest in those new products, likely reducing the stock price (unless they’ve done this already, i don’t follow them)

[Timebomb07]

Gotcha, thanks. I’m still taking 101 level courses.

And yeah, they’ve had to rely on raises because their test, until this month, was only covered by Medicare, meaning they were paying the $1500 per test so someone like me with commercial insurance only had to pay $50. They raised ~$145MM at the end of 2020 which will help accelerate their pipeline.

With more insurance payers on board, they should start to flip the script on REV. And without any competitors, the market is all theirs so long as they can continue to convince doctors.

[smudge1]

Can someone post that flow chart again.......I know it’s pages back but I really need to take a look at it.

[Antiramie]

Originally Posted by smudge1

Can someone post that flow chart again.......I know it’s pages back but I really need to take a look at it.

The investing priority one? If so:

https://i.imgur.com/u0ocDRI.png

[smudge1]

Originally Posted by Antiramie

The investing priority one? If so:

https://i.imgur.com/u0ocDRI.png

Thank you.

[justinandimcool]

that flow chart made me the man i am today


step three needs to be bigger, because that’s the step that ultimately turns people off or makes them give up. for a lot of people with student loans or even a modest car/credit card loan, that’s a really hard mountain to climb. it really takes a mental commitment or like Ramsey says “gazelle intensity” to bust through it.

once that step is conquered, and your monthly budget isn’t burning a hole in you (also hard for people, especially with kids- this requires its own mental commitment). everything pretty much takes care of itself, no matter how much or little you make. those are two big mountains though that took me months of planning to master

[smudge1]

Originally Posted by justinandimcool

that flow chart made me the man i am today


step three needs to be bigger, because that’s the step that ultimately turns people off or makes them give up. for a lot of people with student loans or even a modest car/credit card loan, that’s a really hard mountain to climb. it really takes a mental commitment or like Ramsey says “gazelle intensity” to bust through it.

once that step is conquered, and your monthly budget isn’t burning a hole in you (also hard for people, especially with kids- this requires its own mental commitment). everything pretty much takes care of itself, no matter how much or little you make. those are two big mountains though that took me months of planning to master

Can I send you a PM?

[justinandimcool]

anything for you smudge!

[smokew11]

i can't imagine being able to save 15%

[Route_2]

Originally Posted by justinandimcool

that flow chart made me the man i am today


step three needs to be bigger, because that’s the step that ultimately turns people off or makes them give up. for a lot of people with student loans or even a modest car/credit card loan, that’s a really hard mountain to climb. it really takes a mental commitment or like Ramsey says “gazelle intensity” to bust through it.

once that step is conquered, and your monthly budget isn’t burning a hole in you (also hard for people, especially with kids- this requires its own mental commitment). everything pretty much takes care of itself, no matter how much or little you make. those are two big mountains though that took me months of planning to master

[smokew11]

be cool if Elon could tweet about Dogecoin again this week, its tanking

[Tiduwho]

Pump and Dump.
Pump and Dump.

If you are going to Crypto, my impression is its just best to load up on the top 5 to
10 coins and not look at it for a long time.

I looked at it once since buying $500 worth. Up to $750 after spreading across a bunch, just before the latest Elon investment. Eh. Im in it for like 1,000% return over the long haul. Its all speculative parlor tricks.

[justinandimcool]

market closed tomorrow you degenerates!!

[Tiduwho]

Originally Posted by justinandimcool

market closed tomorrow you degenerates!!

Shit. My dopamine stores are already low...


*looks at alcohol like an old friend*

[blaise34]

Originally Posted by smokew11

be cool if Elon could tweet about Dogecoin again this week, its tanking

When in doubt, zoom out

[UCFish]

Originally Posted by justinandimcool

market closed tomorrow you degenerates!!

FUCKKKKK......now what am I supposed to do at work.

[zajDmB1]

Originally Posted by Tiduwho

Pump and Dump.
Pump and Dump.

If you are going to Crypto, my impression is its just best to load up on the top 5 to
10 coins and not look at it for a long time.

I looked at it once since buying $500 worth. Up to $750 after spreading across a bunch, just before the latest Elon investment. Eh. Im in it for like 1,000% return over the long haul. Its all speculative parlor tricks.

Eh, you're not wrong per se at this point still buuut the problem with the older tokens is that their blockchains are getting super outdated real fast. ETH, for example, is trying to build an ETH2 because they know their tech has been surpassed.

BTC is just so recognizable and far too many people have too much money in there that it's going to be the sort of gold standard for crypto tokens for a long time IMO, but its blockchain tech is far too slow, expensive, and energy consuming that nobody is going to adapt it for real-world applications. When BTC crashes because whales decide to cash out because it has no actual functionality, it's going to crash HARD.

On the flip side, there are a handful of companies that have waaaay better tech, Algorand, Cardano, Cosmos, etc in various states of reality that are/could be/will be being utilized by companies for real-world applications. MasterCard, as one example, has been looking to get into crypto, first with stablecoins (coins that are pegged to a fixed fiat currency), and right now seems like Algorand is the frontrunner for what they need legally, technically, and cost-wise.

All those tokens are still comparatively dirt cheap, so you can gobble up a ton for the price of owning .0001 BTC or half an ETH.

[Benny003]

Originally Posted by smokew11

i can't imagine being able to save 15%

When people say to save 15% that also includes things like your 401k. So combine your 401k (or other retirement account) savings rate into that rule of thumb when calculating your total savings rate.

[smokew11]

yeah we have PSERS (Pa State Employee Retirement) which is pretty great, but my contribution is only 7.5%. Outside of that we're only able to save a little bit each month toward our Roths. Once daycare is over we'll be able to contribute more, but likely only around 12%