Commodore D

2 hours ago, BloodyHell said:

We sold our Tesla shares, the wife got in damn low. I finally convinced my wife that they weren't a stable investment anymore. Especially considering how many shares we own (nothing crazy, but enough that losing it would suck). I think we are going to keep it liquid, or invest it in physical gold and silver. I think we might do the same with our metal etf's. 

 

Looking for advice. For Silver, do you guys prefer kg bars, coins, 100g bars? I know the price over spot is more for coins, but im also told they hold value better? We already buy physical gold, but the price on that holds way closer to spot no matter what sizes you buy. 

I get bars and coins, but I collect coins, if you aren't interested in that, just go straight bars. The cheapest ones are miscellaneous packs.  

1 hour ago, BloodyHell said:

I mean, I wouldn't say that, silver is a good stock that does well. It has swings, but its always worth owning. But it won't make you rich this week.

Buy physical, don't waste money on paper.

@Chollowa Fidelity (FNF) at $36.30, down 26% from is 52 week high, is probably a safe bet. I mean, these disgruntled are going to go somewhere, and I'm sure some will fall in Fidelity's lap, especially because they didn't pull any of the shenanigan that other firms committed. 

56 minutes ago, Chollowa said:

If we're lucky enough to be in on AMC and make a return on it, where is a good place to go long? I've been putting my money in FCELL and PLUG and I like those, but do you have anything long term that you like that may be a little more ground level? 

Hmmm. CLII for its potential merger with EvGo. 

My real long in that industry is Enphase (ENPH), been in it since it was a bit over $6. I got into them after California made the mandate that all new construction has to have solar panels. They are in the business of making microinverters (DC to AC), which is the on of the largest margin businesses in the industry; they are also in the energy storage business, another high margin venture. Its down a good amount off its high.

I did my first option calls this past week, for GE and Ford, fairly cheap and I expect them to gain 50% to 75% in the next year (as long as everything doesn't crash). 

If the steel tariffs stay in place, Cleveland Cliffs is a good pick. In the past year they have made acquisitions that has produced a vertically integrated company, while also consolidating the market.

I could go on and on....

Really though, I'm a slow long growth kind of guy; I probably wont retire rich, but I'll be comfortable (currently my portfolio cost basis is ~$138k, and I'm about five or six fold of that in unrealized gains, but I've been investing since I was in my mid teens). I say that because my philosophy falls in line with the Hare and Turtle, don't try to get rich; so if you have decent wins, just put them in something like Microsoft.

Just going throw this out there, I keep a financial well being Onenote Notebook, called Investing with Friends, that I share with people. In it are my (and a younger friend's) notes, positions, some of the articles I read, things you should know about the market, ways to save money, etc... A bunch of people follow it, most just read, but anyone is welcome to put their notes down as well, or ask questions. Its a work in progress as I started it because Covid seemed to get a lot of people around more interested in financial freedom than they were before. If interested, shoot me a message with your email, and I'll add you. Like always, you could lose money.

5 hours ago, Spork3245 said:

You think NOK still has legs for the short? It kept dropping on Friday so I assumed it was dead.

I'm thinking past these events. I'm talking about fundamentally it is priced about where it should be in a couple years. 

Just saying its a safer bet than most at its current levels.

13 hours ago, Keyser_Soze said:

 

 

Its funny how pizza "parties" never go out of style. Maybe we are just conditioned since grade school, but it always work. 

16 hours ago, Spork3245 said:

I don’t think it’s “too late” for GME, but, the price of admission is really high now. I really don’t know how much is left in the tank for it. NOK might be dead in the water. I’d say AMC is gonna at least get into the mid-$20s or even low-$30s given the persistence of these people to make it GME-2.0, I don’t know if I believe the $50-100+ people are pushing for, though. 
*Keep in mind I’m also new to this and this is based upon all of the research I’ve been burying myself in for the past 72-hours  

**wait for @Commodore D, @Jason, @ManUtdRedDevils, @sblfilmsto really chime in

I would do Nokia to play it safe, its priced decently at this level. Buy for the long haul if interested in getting in now. 

With that said, I am not a financial advisor, just dude that enjoys numbers.

2 hours ago, osxmatt said:

Off topic but congrats on the new job. I'm sure that can be frightening after 17 years with the same company but it sounds like it's a much better opportunity.

Thank you.

Yeah, I teared up the night before looking through all my files, polishing my succession plan, and writing my resignation letter. Also choked and teared up when HR asked for my personal email to send the separation info.

I wasn't even looking, never have, love what I do, but because of Covid I made a LinkedIn page. I responded to the three of executive recruiters that reached out, three offers were made. I took the one in the middle (about 20k short of the top) because its WFH anywhere in the world with good airport (I'll stay here in Shaker, great schools, stupid cheap).

I had to do it though; I've been making P and VP level decision and impact ($Bs M&A synergies, defining Industry 4.0) for the past four years, yet those haven't been my titles, not even titled at the D suite, just compensated like it. I can see the ceiling and its basically council to the peers with whom I came in with while they become Cs, PS, and VPs. The outside let me know I didn't have to wait. Plus the people with whom I will work with / for, didn't come through the company ranks, they were brought in for their talents, and they are in search of their replacement. 

This puts me so much closer to my goal to "retire" by 45, I'm an 80s baby.

If the right opportunity came (VP of Ops and up), I'd go back, as I'd like to revisit my vision.

Ah, didn't think about margin trading being a possible difference, as I don't do it. 

16 minutes ago, ManUtdRedDevils said:

ML and BofA have instant transfer and I never experienced an issue transferring any amount of money so if an opportunity arises like this Reddit fiasco, I have available cash.
 

If I need more liquidity, I can sell a security and reinvest it same day, but depending on the frequency, the brokerage will not allow the money to be reinvested until settlement. If the settlements were instant, I wouldn’t have an issue which is why I am looking for a service that has instant settlements for my day to day stuff and I will continue using the other services for long plays. 

Ok, understood, I guess that almost works for you.

10 minutes ago, ManUtdRedDevils said:

I never leave liquidity in my portfolio. When I am ready to take gains, I usually have another stock or two in mind. I found in the last week or so when I decide to do more quick buying and selling that ML and E*TRADE left a lot to be desired. 

So what do you do when opportunities like the Covid Slam happen? All your in account "money" would be going down, and transfers from outside accounts, especially five figure ones aren't immediate. 

Just now, ManUtdRedDevils said:

Does SoFi have fast settlement?  I own IPOE and holding it in a long position. 

Unintentional humble brag, I just don't pay attention to settle time as I always have enough liquid funds to do what I want to do.

3 minutes ago, b_m_b_m_b_m said:

A girl I went to high school with is/was a staffer for Mandel. To say that she's a crazy conservative would be an understatement.

 

And to say that her apparent morals have changed since high school would also be an understatement

That Mandel magic. He and family just knew he was going to be President, it was his right.

1 minute ago, Anathema- said:

I wish I had the money to play with 😞 .. like, I would invest in AMC just to invest in AMC. 

If nine other people agree to send you $10, I'm down for $10. 

4 minutes ago, vaxick said:

 

From what I've heard, RH isn't even processing new accounts right now.  I went with SoFi since they apparently didn't join in the blocking of these stocks which is a plus for me and they seemed friendly enough to somebody who has no idea what they're doing right now.

Sofi is good, but don't trust me, I shill for them as one of my bestfriends is cousin to a founder (he's stupid rich now though and has cut almost all ties to the family, his mom had to make an appointment to see their first child after eight months). For real though, they are good.

On 1/25/2021 at 11:12 AM, b_m_b_m_b_m said:

 

 

 

No to the majority of them, especially Mandel.

On 1/25/2021 at 12:17 PM, osxmatt said:

Do you hear that?

 

It's John Kasich orgasming at the potential of relevancy.

Yes to this guy who should have been rolling into his second term.

47 minutes ago, Spork3245 said:

 Said to a buddy earlier today when he was comparing it to Occupy Wall Street, marching, protesting, rioting, voting are all just minor momentary inconveniences to them, you have to Debo them pockets for it to start to matter.

1 hour ago, Brick said:

How much money are you guys potentially making? 

That will be my butler on his 30 minute break. 

11 minutes ago, vaxick said:

SoFi just asked for me to send them a bank statement or utility bill.  I guess I might be trying stocks for the first time soon.  

Its happening across a lot of the apps. Had my RH that I never use (trying to buy DOGE, not on the platforms I use) asked, caught me off guard. 

1 hour ago, osxmatt said:

 

I'm holding until $1,000 a share or $0.

1 hour ago, osxmatt said:

 

Do you find Fidelity to be pretty user friendly, primarily with their options chain? And do they have features like instant deposits and settles?

 

 

 

They don't really "expire." Firms can choose to pay interest on them, but the longer they are out, the higher the interest. And there's always a risk the stock price will go up causing them to pay more when they buy back. 

Option wise, I've only ever done three in my almost 20 years of investing; and they were this week (call F 2022, call GE 2022, put GME 2022), so it looked fine for me. Don't know about instant deposits, I had money there since the beginning. They settle up fine as far as I've notice. 

2 minutes ago, Jwheel86 said:

When do the shorts expire? 

Shorts don't expire as long as you are willing to pay the interest.

7 minutes ago, osxmatt said:

 

Yeah I use E*TRADE for employee stock plan, ETFs, and mutual funds. I like the depth for long term positions.

 

But Robinhood is great because with instant deposits and settles, you can react on a dime to market moves.

I've always been against RH because they sell their information to the firms that "own" them. So the give them a heads up on things like stop losses, make up positions, etc... All the tools to bilk money out of uneducated investors; and they target heavily that investor. 

10 minutes ago, osxmatt said:

So after Robinhood, which app are y'all using for day trading? I use E*TRADE for my long term stuff, but looking to replace Robinhood with something just as fluid.

Fidelity and Sofi (for crypto).

This has been an amazing learning opportunity, they are going to have to change the rules, all the slight of hand moves are being used.

Fairly certain I witnessed a short ladder; have only ever read about them.

So cool.