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

[snake911]

Originally Posted by Tiduwho

Ok, crypto is down 60-70% from highs a couple months ago, so I'm going to take a look and buy. I've setup a Coinbase account.

What are some Coins to look at here during this firesale? I bought some ALGO, XLM, ADA, MATIC so far.

As a crypto enthusiast, but by no means an expert, I will offer that I have my crypto in almost entirely proof of stake coins that pay dividends/rewards (Algo, Tezos, and Cosmos mostly. Might get into some Solana if the market stays down for another couple months). I want my crypto creating more crypto. And I keep it all off Coinbase in my own wallets.

[Tiduwho]

Originally Posted by snake911

As a crypto enthusiast, but by no means an expert, I will offer that I have my crypto in almost entirely proof of stake coins that pay dividends/rewards (Algo, Tezos, and Cosmos mostly. Might get into some Solana if the market stays down for another couple months). I want my crypto creating more crypto. And I keep it all off Coinbase in my own wallets.

I bought some Algo (because Zaj), Cosmos, and Solana today. I'll throw some into Tezos since you mentioned it and it has come back down again this afternoon. I am up about 10-15% on all the crypto I bought around 9-10am this morning. Hit the lucky bottom, for the moment anyway.

That said, I read only momentarily about the concept of "proof of stake". Coinbase makes it sound like you have to have those coins in your online Coinbase wallet. You are saying you still get what sounds like a crypto dividend even with an offline wallet?

How complicated are offline wallets? Since I am just messing around with small money, it's probably not worth my time to learn. But if let's say in a couple years this small investment grows, then I'd be more concerned about the usual Crypto hacking games etc that have been commonplace over the past 10 years.

[snake911]

Originally Posted by Tiduwho

I bought some Algo (because Zaj), Cosmos, and Solana today. I'll throw some into Tezos since you mentioned it and it has come back down again this afternoon. I am up about 10-15% on all the crypto I bought around 9-10am this morning. Hit the lucky bottom, for the moment anyway.

That said, I read only momentarily about the concept of "proof of stake". Coinbase makes it sound like you have to have those coins in your online Coinbase wallet. You are saying you still get what sounds like a crypto dividend even with an offline wallet?

How complicated are offline wallets? Since I am just messing around with small money, it's probably not worth my time to learn. But if let's say in a couple years this small investment grows, then I'd be more concerned about the usual Crypto hacking games etc that have been commonplace over the past 10 years.

I went very slow and steady into my own crypto wallets and took it one at a time. Algo was the easiest to do as the official foundation wallet is very simple. Coinbase does take a chunk of your yield, for instance they are paying 5% on Cosmos, but I'm getting around 9.5% in my own wallet. Coinbase does have an upside of being insured against loss, and likely easier to recover your account if you lose your logon info.

And Coinbase makes it easy to just hold and collect the rewards, vs in my own Cosmos and Tezos wallets I had to research and select a validator to stake with (again, I went one by one researching each wallet and having a plan before moving that coin off CB, took me about 3 months total and I havent moved everything).

Basically when "your coins" are on coinbase, coinbase is keeping them in one big giant wallet and collecting lots and lots of free coins, and then crediting your account with them. Your account page on CB may say you have 100 Algo, but you dont. CB just owes you 100 ALGO should you decide to send it somewhere. In the meantime they stake your ALGO and take at least 25% of the rewards (which you agreed to). CB is great to get started and I'm very happy with what I learned using the platform. And for my larger holdings, as I learned and researched more, I moved things into my own wallets to collect the full rewards myself.

Keep asking questions, theres a ton to learn, and many of the coins have really great and helpful sub-reddits. If you have questions about any specific coin just ask and I'm happy to share what I learned and what my strategy is. And as with anything DYOR, and asking questions here can be part of that R.

[gonz085]

Hard to believe at one point I was up $2500 in Ethereum... if I go back even I’m pulling. This is fucking brutal.

[Timebomb07]

Originally Posted by gonz085

Hard to believe at one point I was up $2500 in Ethereum... if I go back even I’m pulling. This is fucking brutal.

you must have missed the drop to $1700 yesterday.

[TypicalBilly14]

All it takes is Gates, Bezos or Zuckerberg to say they're all in on doge and you'll see it creep back up to 70-80 cents.

[gonz085]

Originally Posted by Timebomb07

you must have missed the drop to $1700 yesterday.

I meant up $2500 since I invested. Not the market price lol. Thought that was common sense.

[Timebomb07]

Originally Posted by gonz085

I meant up $2500 since I invested. Not the market price lol. Thought that was common sense.

I just meant it was even lower than where it’s been the last two days.

[Tiduwho]

Robinhood hit with record $70 million dollar fine for misleading customers and not supervising technology that failed and locked millions out of trading.


Using their platform for trading will always be bad news.

[Benny003]

So when I decided to look into Corsair about a month ago I did it based on the idea of "invest in what you know." I know computers pretty well, so that's what made me think of Corsair. I wish I had thought about Newegg, which is my favorite computer parts store that I've been using for over 15 years. Newegg is up 280% in the last week for some reason.

[Tiduwho]

Lots of across the board meme stocks, pot stocks, pharma stocks, and others getting crushed the past two weeks.

Are the stimulus-driven millennials getting paper hands and finally going extinct?

[unccrombie]

Originally Posted by Benny003

So when I decided to look into Corsair about a month ago I did it based on the idea of "invest in what you know." I know computers pretty well, so that's what made me think of Corsair. I wish I had thought about Newegg, which is my favorite computer parts store that I've been using for over 15 years. Newegg is up 280% in the last week for some reason.

Windows 11 news, me thinks.

[BTBaboon]

Originally Posted by Tiduwho

Lots of across the board meme stocks, pot stocks, pharma stocks, and others getting crushed the past two weeks.

Are the stimulus-driven millennials getting paper hands and finally going extinct?

Maybe technicals and valuations are finally re-establishing themselves and sanity is beginning to take the reigns again. I mean, doesn’t anyone really think AMC should be trading at $45+ a share? GameStop above $180? People have been overpaying for these memes because they viewed the market as a game, but at some point they are going to want to take their winnings, right? Because if they don’t, and then something not-all-that-unreasonable happens (say, like GME going through bankruptcy/going under/being acquired), they know enough to know they’ll be stuck holding the bag.

[BTBaboon]

Originally Posted by BTBaboon

I should clarify - I don’t think the market is all that far off on valuations at a macro level; I’m speaking to mostly these meme stocks. Earnings have been fairly strong and I think that’s correctly driven a lot of gains. We’ve been saying for years that “stocks are expensive”, and they are…historically speaking. But the persistent low interest rate environment is not really precedented so I think a lot of those historical comparisons are out the window. Where else can people put their money? If the answer is nowhere, I don’t think that I can say with certainty that things are being overvalued across the board - at least not the way it’s so blatantly obvious as it is with these meme stonks.

That, plus I think there’s still a fair amount of bargains in the market. I think some of the bigger tech stocks are probably UNDERvalued. They’ve all taken hits from the rotation out of the “WFH” stocks and I think some were unnecessarily dragged down. Like, Apple has traded flat for YTD/rolling 6. I think they have run. They’re one of a few examples like that, where the fundamentals are better (IMO) than the stock price performance.

Apple up +12%ish since this post.

We all got caught up in the meme/retail frenzy that conventional thinking said everything was topped out and over priced, but there’s still some deals in the market, and tech was lagging where the result suggested they should be trading. MFST has had a nice month and a half as well.

[Benny003]

Originally Posted by Benny003

So when I decided to look into Corsair about a month ago I did it based on the idea of "invest in what you know." I know computers pretty well, so that's what made me think of Corsair. I wish I had thought about Newegg, which is my favorite computer parts store that I've been using for over 15 years. Newegg is up 280% in the last week for some reason.

Newegg has doubled again today. Up over 500% since last week. Full on meme territory.

Originally Posted by unccrombie

Windows 11 news, me thinks.

Kind of doubtful, but maybe. I think it's purely meme related now.

[kydmb99]

Apple and Microsoft only thing saving my portfolio. Last couple of days have been a bloodbath for me overall.

[Benny003]

Originally Posted by kydmb99

Apple and Microsoft only thing saving my portfolio. Last couple of days have been a bloodbath for me overall.

Yep, been a rough week. Not sure why since there have been no news or anything on the individual stocks I own to cause movement either way.

[snake911]

Getting off my focused Boglehead strategy and into degenerate crypto speculation (granted, less than 1% of my entire portfolio but still... crypto!) has my branching out into all kinds of fun investment ideas. Just put a tiny amount on Wefunder into a company called Pocket Properties that is looking to develop an app to tokenize fractional real estate shares for small investors. Very interesting stuff, and potential to make some money.

Ok, back to looking at my 4 fund index strategy and meditate on the slow and steady model.

[AJF_41]

time to buy EM tech stocks?

pinduu
bidu
baba
tencent
meitun

??

[Speilmen230]

Anyone have any cannabis industry holdings they like? I'm trying to get into that market, but the details around major publicly traded ones seem to be fuzzy at best.

[Timebomb07]

Originally Posted by AJF_41

time to buy EM tech stocks?

pinduu
bidu
baba
tencent
meitun

??

Why's that?

[smokew11]

Originally Posted by Speilmen230

Anyone have any cannabis industry holdings they like? I'm trying to get into that market, but the details around major publicly traded ones seem to be fuzzy at best.

I got into a few in Jan I think and theyve been nothing but a head ache so far

[Speilmen230]

May I ask what the headache has been? Just underperforming?

[smokew11]

pretty much yeah

[smokew11]

and Carnival is killing me the last few weeks, what a drop off

[kydmb99]

Would think cannabis stocks are a pretty long term hold.

[Speilmen230]

Originally Posted by kydmb99

Would think cannabis stocks are a pretty long term hold.

My thought as well, especially as it becomes more national.

Edit: Taking the same approach on gambling stocks. As it becomes more national, a handful of them are going to be the leaders. Would like a little bit of everyone even though in Colorado it is pretty clear who has the edge.

For reference, these are the ones I've been looking into: Flutter Entertainment (Fan Duel parent company), MGM, Caesars, Draft Kings, Penn National (Barstool), and Bally's (Pointsbet)

[Arby]

Originally Posted by kydmb99

Would think cannabis stocks are a pretty long term hold.

until Amazon gets into the industry and kills the little guys

[Speilmen230]

As an investor, does one see any benefit from a company being bought out?

[kydmb99]

Originally Posted by Speilmen230

As an investor, does one see any benefit from a company being bought out?

Someone can correct me if I’m wrong but I believe the buying company will often pay out the existing shareholders of the company being bought for a premium to the current share price. I think it’s typically a good thing. Again, that’s my badic understanding so it’s probably more complicated.