2020 Investment Thread

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SpeedyCorky

SpeedyCorky

rides minibikes;U should2
what do ya all think of pg&e ?

i bought some at $10 a few weeks ago, it went to 9 i got scared and bailed, then it went to 8 and i patted myself on the back. now its at $12 :laughing

I really think they arnt going outta buisness, and they are super undervalued if you look at their long term.
 
afm199

afm199

Well-known member
SpeedyCorky said:
what do ya all think of pg&e ?

i bought some at $10 a few weeks ago, it went to 9 i got scared and bailed, then it went to 8 and i patted myself on the back. now its at $12 :laughing

I really think they arnt going outta buisness, and they are super undervalued if you look at their long term.
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I think that it's a risky bet, not an investment. They got away with murder for thirty years, and the pendulum swung back.
 
SpeedyCorky

SpeedyCorky

rides minibikes;U should2
afm199 said:
My best investment story/regret is that I owned McDonald's at $14 and Apple at $25, and I sold them. Made money, lol.
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ooooouch. :laughing
thats worse than when I told my mom to put the farm on Google back early 2000's when it opened. did she listen then? no. will she listen to me now? no; she still got all her stock $ in the fortune500, which i think is virtual suicide right now. good long term bet sure, but if i was a Fortune500 guy, i'd sell it all now and wait for the *maybe* coming corona drop#2, THEN reinvest and set it and forget it.

yeah pg&e is risky, but like, what they gonna do? go under? they just seem too big to fail in my eyes. but i've known them all my life and never anything different for a gas and power provider, so i'm biased with blinders i'm sure
 
byke

byke

Well-known member
afm199 said:
I quit betting on Oil volatility years ago, when I got burned to the tune of $100k basically overnight. The only thing you can count on with oil is volatility.
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I definitely wouldn't gamble with such a number!
 
afm199

afm199

Well-known member
SpeedyCorky said:
ooooouch. :laughing
thats worse than when I told my mom to put the farm on Google back early 2000's when it opened. did she listen then? no. will she listen to me now? no; she still got all her stock $ in the fortune500, which i think is virtual suicide right now. good long term bet sure, but if i was a Fortune500 guy, i'd sell it all now and wait for the *maybe* coming corona drop#2, THEN reinvest and set it and forget it.

yeah pg&e is risky, but like, what they gonna do? go under? they just seem too big to fail in my eyes. but i've known them all my life and never anything different for a gas and power provider, so i'm biased with blinders i'm sure
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The point of PG&E is that it's a utility and typically you buy utilities for the nice dividend. Part of the PG&E settlement is that stockholders are going to eat their shorts for several years of no dividends as the divs are used to pay the bills for the lawsuits and settlements.
 
Mario

Mario

Well-known member
Gambling story: when bitcoin popped up back in the day, my nerdy computer science friend jumped on it, bought something like 100 coins for few dollars ea. At some point it got to its first peak and my friend asks me if I think it would get better or not. I told him my opinion that bitcoin is stupid, nobody accepts it, it is not backed by anything, cash out while you can. He sold at ~$70 I think, made a few bucks.

A year later he tells me I owe him a car for that bad advice... Two years later he tells me I owe him a house. Then it reached $20k/coin...

We are good friends, we work together, we don't talk investment anymore :laughing
 
A

asdfghwy

Well-known member
I remember buying bitcoin at ~25cents each or something close to it and using it to test out silk road. Good times. Would have been better as an investment though
 
yumdumpster

yumdumpster

Well-known member
asdfghwy said:
I remember buying bitcoin at ~25cents each or something close to it and using it to test out silk road. Good times. Would have been better as an investment though
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Someone paid me with bitcoin for a computer I was selling back in 2011 ish I think. Cashed them out right away, never occurred to me to hold onto them. I remember thinking I was an idiot with they hit like 130 or so in 2013. Felt especially retarded when they hit 20k.
 
SpeedyCorky

SpeedyCorky

rides minibikes;U should2
damn i remember bitcoin back in like 1998 territory or something. a buddy of mine was playing stupid online games that are mostly advertising, and collecting 'em. he had a lot of them saved up. i thought he was retard and they'd never have any real value... look whos the retard now :laughing

<----------------------- this guy
 
mrmarklin

mrmarklin

Well-known member
afm199 said:
Hey guys, let's open this thread to your ideas, worries, recommendations and pans. Please refrain from doomsday apocalyptic warnings such as: "It's all going to collapse and the Dow will hit 400." If you think that's what is going to happen, a phrase such as: "I see nothing good coming for years, just collapse" will work fine. If you believe that it's going to collapse, you are probably not investing.

My perennial favorite ADX remains so. Great ETF for old guys with a nice yearly end of year dividend, and the oldest fund traded in the US.

I'm certainly enjoying this nice little bump upward, but I don't think it predicts any such continuing enthusiasm. The CV has hit the markets hard and the effect will linger for years.
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The US is the greatest country in the world, and for well over one hundred years, the market has returned 8% per annum with dividends reinvested.:wow

Buy good conservative stocks that pay a dividend and hold them the rest of your life. You will do OK.:thumbup

Unless you are really on the inside, trading is for chumps.:thumbdown
 
Entoptic

Entoptic

Red Power!
mrmarklin said:
The US is the greatest country in the world, and for well over one hundred years, the market has returned 8% per annum with dividends reinvested.:wow

Buy good conservative stocks that pay a dividend and hold them the rest of your life. You will do OK.:thumbup

Unless you are really on the inside, trading is for chumps.:thumbdown
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Lol
 
rodr

rodr

Well-known member
News flash, the US is not the greatest country in the world. And, we are in uncharted territory... what happens from here will not be an extrapolation of the past.
 
rothmans

rothmans

Lowering my expectations
rodr said:
News flash, the US is not the greatest country in the world. And, we are in uncharted territory... what happens from here will not be an extrapolation of the past.
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So you hate America, mom AND apple pie?

Next you are going to tell us you are not a good American if you want to go to a baseball game without a mask and covid all clear papers! :thumbdown
 
E

ejv

Untitled work in progress
SpeedyCorky said:
damn i remember bitcoin back in like 1998 territory or something. a buddy of mine was playing stupid online games that are mostly advertising, and collecting 'em. he had a lot of them saved up. i thought he was retard and they'd never have any real value... look whos the retard now :laughing

<----------------------- this guy
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Don't feel too bad. Bitcoin has only been around since 2009 so whatever your buddy was messing with in 1998 probably was stupid.
 
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