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Jack Daniels posted:Happy Monday Tradeing lol gl 
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Dec 24, 2017 09:29
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If I would have just held FSLR like originally intended I'd have more than doubled my initial investment.
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Dec 24, 2017 09:52
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Trash Trick posted:If I would have just held FSLR like originally intended I'd have more than doubled my initial investment. Holy smokes are they doing well.
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Dec 24, 2017 10:06
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Triglav posted:That's M0, which is just physical currency. Most dollars are electronic (checking, savings, credit cards, etc). MZM is currently 15.2 trillion https://fred.stlouisfed.org/series/MZM M0 is more than physical currency isn’t it? It also includes cash-like assets which are highly liquid. Straight up federal reserve notes may be a more apt comparison, especially in the eyes of someone who thinks bitcoin is the new “money”. After all, it’s banksters and their fractional reserve money multiplication tricks that diehard crypto believers think are evil. When compared to actual printed notes (and coins I guess) it’s more like 1.6t. Which makes it even more hilarious that a few days ago these cryptos were “worth” a quarter or more of all the physical US dollars in the world.
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Dec 24, 2017 14:58
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nnnotime posted:Simple answer for a simple question (sarcasm): Cool ty
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Dec 24, 2017 17:11
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hot cocoa on the couch posted:M0 is more than physical currency isn’t it? It also includes cash-like assets which are highly liquid. Straight up federal reserve notes may be a more apt comparison, especially in the eyes of someone who thinks bitcoin is the new “money”. After all, it’s banksters and their fractional reserve money multiplication tricks that diehard crypto believers think are evil. When compared to actual printed notes (and coins I guess) it’s more like 1.6t. M0 would include deposits by banks with the Fed, yes. But it doesn't include the contents of your checking account, which would be in M1, nor does it include the contents of your savings account, which would be in M2. Anything you buy with a debit or credit card would be paid with money accounted for in M1 (or M2, if you overdraft), and there is much more of that electronic money in our economy than physical money. When the Fed increases the monetary base to "print money," when those reserves are eventually used to purchase treasuries or loaned, it becomes accounted for under M2. If you account for just physical Fed notes issued by the Mint/Treasury, you are accounting for an incredibly small subset of Fed notes, most of which exists outside of the United States. MZM is everything that can move this second: cash, coin, checking, savings, money market. The "ZM" stands for "zero maturity." It excludes T-bills, CDs, and other time deposits, even though those can generally be resold before maturity. But that reselling would involve a transaction of currency already accounted for under MZM, so there's no need to double count.
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Dec 24, 2017 19:18
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Josh Lyman posted:It's me. I'm a HMNY bagholder. holding from right before the epic gap down, or...? good luck goon
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Dec 24, 2017 20:20
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$BTC https://twitter.com/BagholderQuotes/status/945068938785734656
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Dec 25, 2017 06:08
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Robinhood posted:Hi dougdrums, I thought I was in the first beta group ... until I wasn't one day. Thanks dudes.
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Dec 26, 2017 15:23
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New US weed ETF: MJX (Website, Yahoo Finance)
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Dec 26, 2017 23:51
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Accretionist posted:New US weed ETF: MJX (Website, Yahoo Finance) https://www.greenmarketreport.com/etf-switches-latin-america-marijuana/ quote:Prior to December 26, 2017, the ETF was based upon the total return of an entirely different index, the Solactive Latin America Real Estate Index (previously the Tierra XP Latin America Real Estate ETF, ticker symbol: LARE). Well, it doesn't inspire confidence, but I have to admit that a radical change seems to have worked (at least for the past month) for RIOT...
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Dec 27, 2017 02:51
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I’ll stick with TWMJF and ACBFF.
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Dec 27, 2017 03:13
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all the sketchy OTC stocks with Classic Sketchy Ticker Symbols that have 5 letters and end in "F" 
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Dec 27, 2017 03:24
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Something like 20% of that is established tobacco companies.
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Dec 27, 2017 14:22
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dougdrums posted:Something like 20% of that is established tobacco companies. I'd imagine that they're going to make a lot of money off of legal weed eventually, so that makes sense
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Dec 27, 2017 17:29
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What are you guys looking at for 2018? If you say Bitcoin you lose a testicle
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Dec 27, 2017 17:30
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Bitcoin has to go up, where else am I going to park the money I got from Grandma this Christmas?
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Dec 27, 2017 17:59
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Dec 27, 2017 18:20
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Weed stocks today  CVE:MJN is taking off, my cost basis is 4.12
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Dec 27, 2017 18:56
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Risky Bisquick posted:Weed stocks today Yeah thanks to this thread for the heads up, wish I'd gotten in last week or earlier but isn't that always the case. In for CBWTF and SPLIF
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Dec 27, 2017 19:03
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Out of PEGI, end of an era. Made 25% annually over two years, not bad at all.paternity suitor posted:What are you guys looking at for 2018? If you say Bitcoin you lose a testicle Ag commodities going into an up cycle. Yields have been at record highs, which might finally come down with La Nina weather and broke US farmers dying off (literally). Made good money already on SLCE3 (SLCJY) down in Brazil. Generally international will be the best way to play it because of stronger US dollar (remember spot commodity prices are based in USD).
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Dec 27, 2017 19:16
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MJX is tradeable on Robin Hood now for all your
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Dec 27, 2017 19:24
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fougera posted:Out of PEGI, end of an era. Made 25% annually over two years, not bad at all. Should I buy farmland?
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Dec 27, 2017 19:32
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This is a really stupid beginner question but I'm afraid of doing something wrong and ending up with extra commission charges or taxes, etc. 1. Where exactly do I look to know when stocks were purchased on a fidelity brokerage account (and thus if they would be subject to short term or long term capital gains taxes when sold)? A relative gifted me some stock in a particular company but I'd like to diversify it a bit. As I understand it the tax rate is based on when he made the purchase but I'm not sure when that is and want to verify either way/know for the future. 2. Is selling with a limit order at the current trading price and having the order expire at the end of the day the way to go for a beginner just trying to make a reasonably efficient sale? How long will it take before the sale completes and funds are available to put into, say, an index fund?
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Dec 27, 2017 19:40
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drat Your Eyes! posted:This is a really stupid beginner question but I'm afraid of doing something wrong and ending up with extra commission charges or taxes, etc. If you've got the account info, it will let you look up your cost basis.
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Dec 27, 2017 19:41
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drat Your Eyes! posted:This is a really stupid beginner question but I'm afraid of doing something wrong and ending up with extra commission charges or taxes, etc. What do you mean reasonably efficient sale?
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Dec 27, 2017 19:51
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Risky Bisquick posted:Weed stocks today Jebus. I got into HMMJ (Canadian Weed ETF) in October (before the current run-up). I got out up 10% - and was pretty happy about that until I looked back at the chart a week later. Then I got into IIPR (after some kind soul mentioned it here)... and got out after 10%. Both were totally cynical plays: I had no confidence in any of the companies in particular, but I figured the hype would float all boats. But I didn't want to stay in because it seemed a bit crazy. Speaking of which, acquaintance of mine just cashed out $1M of Bitcoin. I've done quite well this year I think... and I'm feeling very bitter about it.
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Dec 27, 2017 20:10
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jmzero posted:I've done quite well this year I think... and I'm feeling very bitter about it.
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Dec 27, 2017 20:12
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EAT FASTER!!!!!! posted:If you've got the account info, it will let you look up your cost basis. As I understand it that tells me what the taxable amount is but not if it would be short or long term gains which is what I'm mainly after. I found an "acquired"date from 2015 under purchase history, am I correct that this means that selling would put it under the lower long term tax rate? quote:What do you mean reasonably efficient sale? I'm hoping to transition to something I'd hold for a while, so I mean I'm not worried about maximizing down to the cent or anything. I was all set to sell via market order basically because it seemed the most straight forward but an article I found said that's a bad idea because the price could plummet and most are better off with limit orders. I also see stop losses, trailing stop losses, etc as sale options but I'm assuming those are more for those trying to dump dropping stocks rather than trying to just change stuff up on an average day. Thanks goons-- this is my first attempt stepping beyond a retirement account and I'm finding it all very interesting but am still trying to grasp the various options and vocabulary.
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Dec 27, 2017 20:24
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drat Your Eyes! posted:As I understand it that tells me what the taxable amount is but not if it would be short or long term gains which is what I'm mainly after. I found an "acquired"date from 2015 under purchase history, am I correct that this means that selling would put it under the lower long term tax rate? poo poo it's more complicated - you got this stock as a gift, right? https://www.key.com/html/investment-taxes-articles.html This article says you just get to use his cost basis and timeline - meaning this sale would be LTCG yes.
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Dec 27, 2017 20:26
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jmzero posted:I've done quite well this year I think... and I'm feeling very bitter about it. New thread title?
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Dec 27, 2017 21:12
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EAT FASTER!!!!!! posted:Should I buy farmland? If you're serious, lets talk. I literally am a farmer and grow poo poo for a living. When I came back to the family farm in 2012, bare land was selling for ~$10-12k/acre. It peaked up to $20k-$22k/acre for class I soil, and has come back down to $15k-$18k. Many companies (banks, investment group, wealthy [>$1b] individuals) were coming into the area, buying bare land, developing it into orchards (almonds, walnuts, pistachios) at a cost of around $5-$8k/acre, and turning around to sell it for $30k+/acre. They essentially priced farmers out of the equation, and now finally, prices are starting to come back down. The amount of acres purchased and developed were directly following the nut prices for a couple years. Prices went from $.90/pound up to $1.80+/pound for walnuts, but crashed in 2015 down to $.85/pound. Things have since stabilized in the $1 - $1.15 range. If you're really interested, I could go into more detail.
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Dec 27, 2017 21:23
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jvick posted:If you're serious, lets talk. I literally am a farmer and grow poo poo for a living. I live in Eastern Iowa, in some of the most fertile corn and soybean farmland in human history. 12k an acre is what I keep reading. I don't know if it's an asset class that makes sense for me yet and I certainly don't have free time to farm it myself, but I know I want to be here a long time and I know a couple of older farmers who are getting toward selling their land. Nobody's growing anything but C&SB here.
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Dec 27, 2017 21:28
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Was bored today and threw together a quick model for TWMJF out of curiosity. They seem to really dump their COGS into Q4. Not too familiar with agriculture, so I figure there's seasonality behind that, but a Q/Q COGS ramp of [2,779 / 3,400 / 10,950 / 45,195] is pretty crazy regardless. And then Q1 it drops back down to 6,848. That exact pattern goes back a couple years as well. Edit: Agricultural accounting seems pretty interesting at a glance; going to assume commodities are similar. No real experience with either. Zerstorung fucked around with this message at 22:54 on Dec 27, 2017 |
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Dec 27, 2017 21:49
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So in the interest of talking my book, has the tax plan or anything regulatory (EPA or whatnot) had a positive effect on your communities? I feel like if land prices are going down, that could also be a tell that productio ncould be coming off line (not just crop prices stink generally).
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Dec 27, 2017 21:55
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EAT FASTER!!!!!! posted:I live in Eastern Iowa, in some of the most fertile corn and soybean farmland in human history. 12k an acre is what I keep reading. I don't know if it's an asset class that makes sense for me yet and I certainly don't have free time to farm it myself, but I know I want to be here a long time and I know a couple of older farmers who are getting toward selling their land. I think what would be best for you, would be to buy a comfortable amount of land for yourself, maybe 20-50 acres for farm-able ground with a house, and lease it out to a farmer in the area. A realtor in your area should have a general idea on what you could get as a lease rate. Or call your county farm bureau office. Around here, for existing land, lease rates are 15-25%. That should more than make up for your property taxes at least.
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Dec 27, 2017 22:13
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jvick posted:I think what would be best for you, would be to buy a comfortable amount of land for yourself, maybe 20-50 acres for farm-able ground with a house, and lease it out to a farmer in the area. A realtor in your area should have a general idea on what you could get as a lease rate. Or call your county farm bureau office. Around here, for existing land, lease rates are 15-25%. That should more than make up for your property taxes at least. I'll put a word out to my farm bureau. I've also gotta make sure the wife and relatives are as interested as I am.
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Dec 27, 2017 22:47
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Does anyone know why TWMJF was up 12% today? I can't find any news. Makes me uncomfortable and wanting to sell.
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Dec 27, 2017 23:10
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EAT FASTER!!!!!! posted:I'll put a word out to my farm bureau. I've also gotta make sure the wife and relatives are as interested as I am. Cash rents vs crop rents are also a distinction to be aware of, cash rents are like a regular rent stream, while crop rents are based on a proportion of what is left of the harvest value after deducting for seed, fertilizer, pesticides, etc. Various conservation programs can also be good cash flow options for rural land, then you can hunt it too: https://www.fsa.usda.gov/programs-and-services/conservation-programs/conservation-reserve-program/
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Dec 27, 2017 23:26
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Josh Lyman posted:Does anyone know why TWMJF was up 12% today? I can't find any news. Makes me uncomfortable and wanting to sell. /r/weedstocks or  Edit: josh for the love of god do not sell your weed stocks, let your winners run Risky Bisquick fucked around with this message at 00:27 on Dec 28, 2017 |
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Dec 28, 2017 00:24
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