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Investment Thread - For all your money needs

I feel bad for anyone who invested with that lady stock picker
 
Screamindemon3 said:
We'd be in a better spot if Donald were still the President




:couch:
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Lol…I’ll bite…


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DeacsATS said:
Mostly agree. But how do you know you are buying anything at a discount right now? A discount to what?

I'm still waiting. Sitting on a lot of cash (which sucks in an inflationary environment).
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A discount compared to the recent and future (probably) higher prices…of course. But you know that. Of course nothing’s guaranteed.

I guess sitting on a lot of cash suggests a belief that waiting may likely bring a better bargain…?

Are you not putting anything in now?
 
ConnorEl said:
A discount compared to the recent and future (probably) higher prices…of course. But you know that. Of course nothing’s guaranteed.

I guess sitting on a lot of cash suggests a belief that waiting may likely bring a better bargain…?

Are you not putting anything in now?
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I see no point in catching a falling knife. Yeah, maybe I miss a few days of the initial bounce, but it doesn’t feel like we’re near the bottom.

Need a lot more pain and carnage.

TBH, I’ve only sold my high growth and cyclical names. Will probably get back into some of the cyclical stuff (relatively) soon… Semiconductors, for example, have been crushed and fundamentals still look encouraging (secular trends trumping eventual recession).
 
I used to pay attention to ATS's investing/gambling advice thinking he looked like Robert DeNiro. Then I met him and he's like my age
 
should just buy all collectibles. All the magic the gathering cards
 
My wife and I did an "investment contest" this year where we both got Robinhood accounts and get to deposit $10 on the first of every month, and at the end of the year the person with the most $ wins. Before this week, I was enjoying a pretty good year, beating the market by a decent amount mostly fucking around with penny stocks and what not. This past week, I have taken an absolute bath. Fortunately the stakes are exceptionally low, and also I'm still drastically outperforming my wife who insists on holding her Etsy stock while they're unionizing and it has dropped literally 50%.

It's been a really fun learning opportunity for two Tribble majors to play around a little bit.
 
DeacsATS said:
IMO, Coinbase is uninvestible.

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I took a hard look at them due to the stock drop, as it basically prints money in the event of a crypto boom and is basically the house in the casino.

Coinbase has like $10 billion in customer crypto, $6 billion in cash and $3 billion in debt ($1 billion due in 2026, $1B due in 2028 and $1B due in 2031). So it's basically a $10 billion market cap company right now taking cash and debt into the equation. It seems like a zero risk of bankruptcy given their cash horde.
 
plama said:
I took a hard look at them due to the stock drop, as it basically prints money in the event of a crypto boom and is basically the house in the casino.

Coinbase has like $10 billion in customer crypto, $6 billion in cash and $3 billion in debt ($1 billion due in 2026, $1B due in 2028 and $1B due in 2031). So it's basically a $10 billion market cap company right now taking cash and debt into the equation. It seems like a zero risk of bankruptcy given their cash horde.
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If you want to use the analogy of being the house in the casino, I’d say the risk is that all of their gamblers run out of money and/or decide to play elsewhere (or not at all).

I used to look at online foreign exchange companies and the churn rate was ludicrous. Like 90% of their customers had their accounts go to zero every year. It’s hard (and expensive) to replace those people with new clients.
 
DeacsATS said:
If you want to use the analogy of being the house in the casino, I’d say the risk is that all of their gamblers run out of money and/or decide to play elsewhere (or not at all).

I used to look at online foreign exchange companies and the churn rate was ludicrous. Like 90% of their customers had their accounts go to zero every year. It’s hard (and expensive) to replace those people with new clients.
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Well sure, crypto can easily go down to $0. There does seem to be enough people/money flowing into it that if I had any money, I woulda parked some in Coinbase at $40 this morning, knowing well I could lose it all. Most of their competitors seem like bigger cheats though, so I'd put my money on Coinbase being the one to survive/be the least fraudulent due to being public. I mean there's like 3 major exchanges, right? And bitfinex and FTX seem way too involved with tether. So then it's just crypto.com and Matt Damon vs coinbase left?
 
 
Lol THATS why he’s backing out? Didn’t he say twitter is full of bots and that’s his main issue to address?
 
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