+1
Well one son has $500 at .07 and one $1200 at .17. Right now they look like geniuses.
They looking at this long term and a “ride” versus a short term investment. They’ve counted the money spent. We’ve been having more fun tracking it together.
Careful with the long term. Dogecoin has no point or value as a crypto. It's just a spec coin. If you want a long term hold beyond BTC or ETH, check out Cardano, Polkadot, or Theta. Filecoin has an interesting use story as well.
I recently set up a Coinbase account and def would have thrown a couple bucks down on doge, except doge is not traded on the Coinbase platform. What it has that most other crypto's don't is name recognition.
At the very least trim down.
Dogecoin is a perfect example of why I’ve started to doubt Musk’s sanity and leadership. While I’m sure there will be stories about Dogecoin millionaires after this crazy run up, there will be way more speculators that get crushed. Even Novogratz won’t touch Doge and called it a ****-coin. Musk is a billionaire that clearly doesn’t understand or care that he has the ability to influence young naive people that have no business parking their life savings in speculative assets.
Check out Galaxy. It's essentially a crypto investment bank. Nice way to diversify within the crypto market (coins, miners, all others). Very profitable operation. The lead, Mike Norogratz, has been hiring a ton of people from Goldman Sach and other WS banks.
Novogratz is right. Doge is a purely spec coin without any use or utility. I have no idea when, but it will crash hard, back below 5 cents. This is not a good look for the crypto market, but hey, it is our GME.
Totally agree - but I think some of the blame lands on public figures like Musk and Cuban because it’s no different than if they were endorsing cigarettes or slot machines. Completely irresponsible.
I'm going to say the Auto sector is significantly different then TV's.
Yes, I believe so. It got some media attention due to their new NFTs, but I think Reddit took it from there.
I picked up a bunch of AT&T. Not sexy but Between the dividend and potential upside I figured it was low risk and would be a safe bet in just about any downturn.
You are the boards resident spokesmen for T are you not? Or do I have you confused?
looking backwards is a mistake. Where are they at now, and where are they going is what is important. As Ark continues to slide, and the late comers down as much as 28% chasing yesterday’s returns, my purchase of T in late 2020 is up 12.66% with a yield close to 7% on my initial investment. Will it continue to go up? I’m in agreement with you “(may change, may not)” but that is the case with many stocks. I not a big fan of T, but I have them and VZ in my balanced portfolio. Do I have tech, sure, but only in the mature companies. Too old to gamble.
Haha - I did say T was finally showing signs of turning the corner and mentioned the opportunity here - which was not well received by the usual suspects LOL. I’ve been playing this game long enough that I always temper my enthusiasm over stocks especially when discussing them on message boards because it’s always a crap-shoot. However, if T can put together one more solid quarter I think it will signal “buy” as long as it hasn’t already run-up. The dividend alone provides some downside protection. I bought a bunch recently as a safe haven and hope for meaningful growth.
WMT is frustrating for sure although I continue to hold it as part of my “set it and forget it” part of my portfolio. I’ve been waiting for it to catch a Target-like tailwind because it seems to be making all the right moves. However, Inflation could be a problem if they can’t pass those increased costs to the customer.
Walmart has MAJOR suppliers telling them take the increase or we can't ship. $10k-$12k per container from overseas is already here. (that's IF you can even get the space) Unheard of. Everything is up, every raw material. everywhere.
Toby, I think you are absolutely right. There are huge problems with containers, shipping, and supply chains in general. These aren’t specific to Walmart and are one of my bigger concerns going forward. In my opinion, the comparative advantage theory and do what you can do best and buy from other countries if they can do it better is highly flawed in this geopolitical environment. We need a degree of self sufficiency and not be held hostage by other countries. Just my opinion.
Tom Lee influence?Or biggest crash!
FYI - added to XLE and jumped in OIH. So far so good!
a large portion of my companies sales is WM...it's been horrific over past 6 months. in regards to freight issue, take a look at what Maersk is saying in this article.
I’m guessing there is a reason they announced the recall today. Either they didn’t want the bad news to put a damper on a killer quarter or they are splitting up negative news over a two day period. I’m guessing the report a good quarter pulling investors back in.