BTW, let's try a few posts without mentioning TSLA or BTC (if you can!). Do you invest in funds/etfs? Any that you particularly like and recommend for holding long-term?Could just skip the middle person
Love to hear from others as well.
OT: Stock and Investment Thread
- Thread starter RU05
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Love to hear from others as well.
There are other investment options? I’ve been pumping QS. I like the battery play better. I share all my short trades here.
I like CEF’s for income but buy them at a discount to NAV and when they’re less than 33% leveraged along with a stable distribution that is mostly income and not ROC. RA has a 12% dividend and FTF is at 10%, both pay monthly. More important to me at this point in my life than @T2Kplus10 or @RU-05 . The GBTC, MARA and ETH are for fun. I’m done with SPAC’s, had a nice run with them the last 6 months.
Interesting, I have no experience or knowledge beyond the basics of CEFs. I need to read up on them!
As for the fun, I'm surprised how well RIOT has done in the bull market so far. I don't have any, but am rooting for it since it likely sets the market cap ceiling for mining companies. I jumped in a few smaller ones in hopes that they pop big time.
I'm getting burned on a couple recent spac buys.
In general I think I'm moving the rest of my riskier plays(sold a bunch on Thurs) away from the small cap equities towards crypto plays. I could see money flowing away from the overvalued equities, especially the Russell which has outpaced the other indexes, , and into BTC and other crypto.
I took a hit today, but opportunities did open up in the likes of RIOT, and T2K's DMGGF which def looks like it could outpace the field in the short term if BTC gets moving upward again.
I'm also looking at the reopening plays and some value. Recent buys, ALK, SLG, GD. Added to WFC and will look to add another financial, perhaps JPM, perhaps C. Been looking at steel for awhile, thinking CLF or NUE.
+1
Gotta use these days to your advantage. I've read a lot of positive stuff on DMGGF, especially around their deals and collaborations to help scale and become more efficient. They also get involved in areas beyond mining. I was able to snag it close to yesterday's low as $2.62.
BTC bouncing around the $50k mark, so perhaps things are settling.
Good news about vaccine #3. This should help!
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Nut, I just want to clarify for those that may not be as familiar with closed end funds, that CEF “Total Distribution Rate” is not the same as what they may normally think about with respect to yields or dividends. CEF “Distribution Rates” often include return of capital (which erodes principle.). That’s not to say they may not be a good investment for those seeking income, but rather, that they are often misunderstood.
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FYI - I watched this last night. This nerdy PhD did some analysis on BTC miners. Just one person's opinion, but the data was good. Learned some stuff:
You're absolutely right. That's why you have to look at management, stability of NAV and proportion of distribution that is income vs ROC. They're not meant to be traded, best use is for income and if they appreciate greatly, its a bonus.
BTW, based on your handle, are you a pharmacist?
Agreed. I was just trying to clarify it for any relatively new investors. I applaud the expanded investment community but sometimes get concerned in that many haven’t seen a downturn and some may not fully understand various aspects of investment vehicles.
Phs is Pway high school, (RC is Rutgers College, GSM a is Rutgers Graduate School of Management)
Wow, didn't know MS bought BTC at such a low price:
MicroStrategy said Wednesday the average purchase price of all its bitcoin purchases is $23,985 per digital token. It has cumulatively spent $2.171 billion on bitcoin. Based on the price of bitcoin Wednesday morning, the firm’s holdings were worth nearly $4.5 billion.
MicroStrategy said Wednesday the average purchase price of all its bitcoin purchases is $23,985 per digital token. It has cumulatively spent $2.171 billion on bitcoin. Based on the price of bitcoin Wednesday morning, the firm’s holdings were worth nearly $4.5 billion.
Just a note to point out since your request above, 3 out of your next 5 posts either mentioned or were about bitcoin. Seems you can’t.
Wow, I try to stay with about 10-15 outside of etfs etc. I dont have the bandwidth to follow that many too closely. I'm probably not diversified enough but would rather trade around movement in stocks i follow more closely.
Looking at the charts of these miners, whether he liked them or questioned them, you just couldn't go wrong.
Now you wonder if these recent moves are the first leg of a bigger move, or if these moves already put them in danger of a bubble burst, but I imagine the entire group won't move in unison like we have seen, good to figure the winners from the losers.
I did get back in with a medium position on RIOT, also established a small position of BFCH also as a homerun play(kind of redundant given it's a homerun field). RIOT's down about 3% since I bought but that's OK as I will add if it drops a bit more.
True in one sense. But in another sense, as I have no high concentration of a particular stock or sector, it affords me protection if a stock or sector bottoms out. And I do like the process of scanning charts and combing the books(I admit I need to get better in this regards).Seems hard to jungle so many investments. Says the fund/etf guy.
That said I may eventually find that less is better. But I'm learning what is good for me.
John Najarian got me in on it awhiles ago as part of his unusual options segment. And it has performed great for me. So superficial familiarity.
Video by T2K above also likes RIOT for it's hash rate. And that above all seems to define the field. MARA looks to be growing in that regard but as video alludes, bird in hand.
I'm a bit of a hoarder for sure.
But my strategy has been to trade in the high flying sections, take profits and feed my longer term plays, so I have multiple fires going on.
And as I note above I believe the diversification provides protection.
So what are peoples thoughts on the semi conductor space?
Look relatively cheap compared to the overall market, but relatively expensive relative to their recent years multiples.
Fwd looking have to think this continues to be a major growth sector.
Look relatively cheap compared to the overall market, but relatively expensive relative to their recent years multiples.
Fwd looking have to think this continues to be a major growth sector.
I been buying AMD lately with it being 15% below the high and waiting for NVDA to go a little lower now 10% below the high. Those are the two that I trade.
I believe all miners will benefit from the BTC halo, but I guess our job is to figure out who will be the long-term winners, especially when this bull market ends. Some on the list are very small and iffy. They may get a stock pop when BTC hits the next new high, but some of these companies won't make it.
RIOT and MARA were neck and neck for a while, but RIOT really took the lead over the past few weeks. RIOTs capacity and mining success is just better.
Committed to SOXX and XSD for the long run. I use both of these ETFs together to cover the semi market. Both are off their highs about 5-6% (which will be very temporary).
Huge need for semis and the feds look to be trying to help:
Is BitFrontier legit? There website doesn't seem to work. I was checking them out last night.
BTW, what’s most interesting about this CNBC article is they completely fail to mention that Munger ripped BTC and Tesla a new one. He did not holdback and cast serious doubt on both. Yet, CNBC doesn’t bother to report it. On the other hand, CNBC’s top article yesterday was that CW bought a “ton” or Tesla. No joke - CNBC used a “ton” in the headline. I’ve never heard of anyone buying a ton of stock.
This guy had a hugely successful run in the dot.com era. He was the CW of that time, eventually crashing with most of the companies of that era. He should keep his mouth shut.
People knowledgeable about investing certainly know Munger, but the newer viewers to CNBC probably have no idea about him. Cathie Wood, however, is the shiny new toy of the network.
I’d also note that Mungers comments regarding bitcoin and Tesla were negative, but he didn’t call bitcoin toxic waste like he had in the past. Instead, he said this “ “Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable .” He also buried RobinHood(to the surprise of no one familiar with him).
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You're right, my bad. I can't find/recall the guy I was thinking of (damn memory failing me).
They showed the Tesla and Bitcoin clip twice and here is the article on it. CNBC tends to carve up things into separate articles rather than one bit one.
Shows he doesn't understand BTC. Medium of exchange? That's not the value prop for BTC at all. I think he is confusing BTC with stable coins and perhaps ETH.
As I recall, someone defined insanity as doing the same thing over again and expecting a different result. GME almost doubled today, and then gave back 15% after hours.
Of course there's a corollary used by a different cohort: "There's a sucker born every minute."
Of course there's a corollary used by a different cohort: "There's a sucker born every minute."
He addressed the use of it as a substitute for gold. He understands it just fine.