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What are you calling IT work. Do you mean answering phones to help old people find the power button on their Gateway, or are you in charge of Googles search index database
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Oct 24, 2020 01:08
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I had a dream two weeks ago that my friend who owns a Tesla told me to sell all my stocks and buy Tesla stock, then sell it two days before the election, then buy it at the end of the day after the election. That is what I will do. My dream friend has never been wrong. Is this insider trading?
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Oct 24, 2020 01:09
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Grem posted:I had a dream two weeks ago that my friend who owns a Tesla told me to sell all my stocks and buy Tesla stock, then sell it two days before the election, then buy it at the end of the day after the election. That is what I will do. My dream friend has never been wrong. Two days before the election is a Sunday, so you might find it challenging to liquidate on schedule.
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Oct 24, 2020 01:11
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saintonan posted:Two days before the election is a Sunday, so you might find it challenging to liquidate on schedule. Maybe he meant business days. Do it and report back OP.
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Oct 24, 2020 01:26
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tangy yet delightful posted:Maybe he meant business days. Do it and report back OP. Will do!
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Oct 24, 2020 01:30
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drunken officeparty posted:What are you calling IT work. Do you mean answering phones to help old people find the power button on their Gateway, or are you in charge of Googles search index database Dell stupidly sold me lifetime tech support with a computer I bought for my mother in law. I just text her the number everytime she has a question.
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Oct 24, 2020 01:35
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Elephanthead posted:Dell stupidly sold me lifetime tech support with a computer I bought for my mother in law. I just text her the number everytime she has a question. Jesus christ. I think my butthole just clenched a bit. Helpdesk PTSD.
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Oct 24, 2020 01:40
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drunken officeparty posted:What are you calling IT work. Do you mean answering phones to help old people find the power button on their Gateway, or are you in charge of Googles search index database Helpdesk for government work. FreelanceSocialist posted:Don't do it. You can't afford to lose money. You especially can't afford to lose retirement money. Go check out the long-term thread. Chad Sexington posted:If you're not going to day trade or stock pick (which is smart because both will lose you money), you're probably better off just dumping that change into the Roth IRA. I suppose I can look into dumping some extra into the roth ira, it seems like it's generating considerably slower than my current MAP, though to be fair, it's doing its own thing right now. Zypher posted:Yeah, in your situation I wouldn't gently caress with stock picking. Now that buying fractional shares is ubiquitous, my advice to you is to get something like Robinhood and just buy $20 worth of SPY every time you want to sock something away. (SPY is the go to fund that represents the US stock market.) This is more in-line with what I was looking for. Thanks. I'll check the other thread too.
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Oct 24, 2020 02:46
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Unless your job includes, like, infinite free blow jobs as a perk, you should be looking for a new job.
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Oct 24, 2020 05:24
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moana posted:Unless your job includes, like, infinite free blow jobs as a perk, you should be looking for a new job. Somewhat sarcastically, that would require more work. Anyways, no job has infinite free blowjobs, so that's an irrelevant point. GreenBuckanneer fucked around with this message at 05:54 on Oct 24, 2020 |
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Oct 24, 2020 05:50
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you're aware the ira is tax advantaged, right? you should be maximizing all your tax advantaged space (regardless of how you invest within that account) before putting a penny into a regular brokerage account this and much more good advice awaits you in the long-term thread
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Oct 24, 2020 06:19
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GreenBuckanneer posted:Somewhat sarcastically, that would require more work. Yeah but I think her point was that there's no way you shouldn't be looking for a new job!
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Oct 24, 2020 06:37
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Leperflesh posted:you're aware the ira is tax advantaged, right? you should be maximizing all your tax advantaged space (regardless of how you invest within that account) before putting a penny into a regular brokerage account We're not in this thread for good advice, bro.
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Oct 24, 2020 08:13
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Grem posted:We're not in this thread for good advice, bro. Yeah but this is like someone walking into a motorcycle thread and asking which 1 liter supersport is best for someone who has never ridden before. We have a moral obligation, here. FreelanceSocialist fucked around with this message at 11:25 on Oct 24, 2020 |
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Oct 24, 2020 11:18
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GreenBuckanneer posted:How do you nerds feel about penny/dollar stock purchasing? For what it's worth, I am a self managed super fund accountant, which is similar (I think) to 401k in the US. One of my clients invested heavily in penny stock mining companies, he managed to half the value of his super fund about 5 years ago and over the last 2 years he's doubled it's value with the same strategy. It's high risk, and he's managed to ride the surge in gold mining stocks in the last year or so, but if you get it wrong you can piss away your retirement savings. The typical financial planning advice is go higher risk while you still have many years to go before you retire and reduce the exposure to risk the closer you get to retirement, but I don't know whether throwing money at random penny stocks is high risk/high reward or just pissing away your money. Personally I'd be looking at managed funds or ETFs that suit your risk profile rather than direct shares.
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Oct 24, 2020 13:05
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Grem posted:I had a dream two weeks ago that my friend who owns a Tesla told me to sell all my stocks and buy Tesla stock, then sell it two days before the election, then buy it at the end of the day after the election. That is what I will do. My dream friend has never been wrong. Based on this (and the thread we’re in), wouldn’t the better strategy be to buy puts the Friday before, then sell them the day after the election?
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Oct 24, 2020 15:22
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gay picnic defence posted:For what it's worth, I am a self managed super fund accountant, which is similar (I think) to 401k in the US. One of my clients invested heavily in penny stock mining companies, he managed to half the value of his super fund about 5 years ago and over the last 2 years he's doubled it's value with the same strategy. It's high risk, and he's managed to ride the surge in gold mining stocks in the last year or so, but if you get it wrong you can piss away your retirement savings. Thanks, like I said, I'll look into the other thread. What you said makes sense, seemed like not worth it, thanks.
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Oct 24, 2020 15:36
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Gamble with your IRA! That's what they're there for. 401k's and brokerage accounts are for longterm. Day trade your IRA and avoid paying taxes until you retire. No such thing as short term capital gains if you're in an IRA! Medtech and leveraged emerging market plays all day everyday!
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Oct 24, 2020 17:27
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gay picnic defence posted:The typical financial planning advice is go higher risk while you still have many years to go before you retire and reduce the exposure to risk the closer you get to retirement, but I don't know whether throwing money at random penny stocks is high risk/high reward or just pissing away your money. It’s mostly pissing away your money. Everyone knows the saying “there’s no reward without some risk” but the opposite is not true: there’s plenty of risk without reward. Basically all institutionally-written options have a negative expected value for the buyer, but people take the opposite side and sometimes win big.
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Oct 24, 2020 18:41
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There's a ton of big names releasing earnings this week. I'm very tempted to place some bets, but in addition to the normal ER IV crush, there's all the bonus volatility from the election and COVID. I feel like the right choice is to pass this week. I mean, unless one of you wants to give me a surefire winner. 
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Oct 24, 2020 19:29
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One day, if I have the means, I will base my income mostly on earnings IV crushes. It's one of the surest bets in finance.
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Oct 24, 2020 19:33
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DNK posted:Everyone knows the saying “there’s no reward without some risk” but the opposite is not true: there’s plenty of risk without reward.
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Oct 24, 2020 19:44
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latinotwink1997 posted:Based on this (and the thread we’re in), wouldn’t the better strategy be to buy puts the Friday before, then sell them the day after the election? I don't know how to buy puts on Robinhood e: and don't try to tell me unless you appear in a dream and we discuss it in a 2 foot deep swimming pool with sharks. Grem fucked around with this message at 20:16 on Oct 24, 2020 |
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Oct 24, 2020 20:00
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https://twitter.com/wallstjesus/status/1320177344473083905?s=21
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Oct 25, 2020 02:47
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I'm not really sure about that one but I do know that the Peloton reckoning will be really great to watch edit: Zoom as well. lol It's worth 3x more than loving Ford Motors.
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Oct 25, 2020 02:57
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Not sure about shorting stock that do business in work-from-home stuff when covid is gone. It's starting to look like wfh will become the norm for many offices. This year has been tremendous in getting wfh data from all over the world and many businesses are less negative towards it as they used to be.
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Oct 25, 2020 10:08
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Pretty sure companies are going to figure out if you can work remotely, they can just replace you with someone in a lower labor cost country. Going long English teachers.
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Oct 25, 2020 14:13
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AHH F/UGH posted:I'm not really sure about that one but I do know that the Peloton reckoning will be really great to watch Try ~4.5x the market cap of Ford. ZM has a market cap of $145b. This makes it the #52 largest company traded on US exchanges ([1], including foreign companies such as BABA). It's larger than Lowe's, T-Mobile, Eli Lilly, Starbucks, Lockheed Martin, Blackrock, AMD, Boeing, the list goes on. It has no moat and can easily be replaced by Teams, Google Meet, whatever facebook clone is out there, etc. It's a security nightmare that has routed US user traffic through Chinese servers; security-sensitive govt orgs and companies have banned it. The valuation of this company consistently amazes me. It's the dumbest goddamn non-fraud stock in the world but I would've lost a ton of money betting against it (having hated it since it was like 3-4x lower in price), so, welp! [1] https://www.tradingview.com/markets/stocks-usa/market-movers-large-cap/
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Oct 25, 2020 14:39
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It makes more sense to compare enterprise value than market cap. The equity/debt breakdown of a companies capital structure doesn't really mean much for its "size".
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Oct 25, 2020 15:21
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pointsofdata posted:It makes more sense to compare enterprise value than market cap. The equity/debt breakdown of a companies capital structure doesn't really mean much for its "size". Interesting comment. hmm, carrying on with the Ford discussion, their EV according to that same tradingview site is $143b. But their market cap is ~$32b. https://www.tradingview.com/symbols/NYSE-F/ So, how do you value Ford? Do you think its stock is underpriced by a factor of ~4?
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Oct 25, 2020 15:38
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The problem with Ford is that it has a real chance of going out of business in the next decade. Unless it goes all in on EVs immediately, something there is no indication it has any plans to do, it’s hard to imagine much of a future for the company.
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Oct 25, 2020 16:39
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Squalid posted:The problem with Ford is that it has a real chance of going out of business in the next decade. Unless it goes all in on EVs immediately, something there is no indication it has any plans to do, it’s hard to imagine much of a future for the company. That seems really dramatic. Truck sales alone will keep Ford going for quite a while, at least domestically.
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Oct 25, 2020 16:40
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pmchem posted:Interesting comment. hmm, carrying on with the Ford discussion, their EV according to that same tradingview site is $143b. But their market cap is ~$32b. https://www.tradingview.com/symbols/NYSE-F/ That doesn't mean it's undervalued - the gap is made up of debt. Imagine two companies which have exactly the same assets (maybe they both are leasing companies with 100 747s). Both companies are "worth" the same, but one might be financed with 100% equity, the other 50% equity 50% debt. The second will have a smaller market cap than the first, but a similar enterprise value (in theory the EV should be he same as in spherical cow economics capital structure doesn't matter)
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Oct 25, 2020 17:31
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pointsofdata posted:That doesn't mean it's undervalued - the gap is made up of debt. Imagine two companies which have exactly the same assets (maybe they both are leasing companies with 100 747s). Both companies are "worth" the same, but one might be financed with 100% equity, the other 50% equity 50% debt. The second will have a smaller market cap than the first, but a similar enterprise value (in theory the EV should be he same as in spherical cow economics capital structure doesn't matter) in the post you originally replied to, I was comparing market caps of zoom and ford (actually -- I was also responding to a post which did just that). You said to look at EV instead. Now you're saying market cap is a more fair measure because it accounts for debt. So which is it, should we be looking at market cap or EV when comparing the worth of companies?
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Oct 25, 2020 17:45
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saintonan posted:That seems really dramatic. Truck sales alone will keep Ford going for quite a while, at least domestically. yeah probably. two or maybe three decades is more likely.
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Oct 25, 2020 18:07
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The smart decision has been to hold off on EVs anyway, they tend to only be profitable with respect to CO2 credits (letting you sell your profitable non-BEV vehicles). When/IF the market really wants all BEVs, Ford will be able to license the technology if it doesn't have it.
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Oct 25, 2020 18:16
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EV in the context above refers to enterprise value, not electric vehicle
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Oct 25, 2020 18:22
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I don't understand the argument to look at "enterprise value" either. Companies keep going under because they are leveraged to the loving gills, despite being a nominally profitable concern. How the gently caress do you lose money running a casino? Buy it with an insane amount of debt and have to pay a ridiculous amount of interest every week. Ford has a ton of debt and a bleak future for anything except selling big trucks to trumpers who want to own libs, kind of a niche market. Having to license all the tech to build mass market vehicles in the near future is a bleak outlook for them. Zoom at least has no debt which means they have a lot of flexibility to pivot, (if they have good leadership, big if). Growing through acquisition rarely works though. Baddog fucked around with this message at 19:35 on Oct 25, 2020 |
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Oct 25, 2020 19:17
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EV was a big thing back when fundamental analysis was the thing to do which, arguably, has fallen to the wayside for retail investors. It was a response to people fixating on book value or some such, and EV provides more of a "holistic" image. Imagine selling a 2020 stock's fundamentals to someone in 1972 lol.
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Oct 25, 2020 19:25
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jokes posted:EV was a big thing back when fundamental analysis was the thing to do which, arguably, has fallen to the wayside for retail investors. It was a response to people fixating on book value or some such, and EV provides more of a "holistic" image. Sure, the more numbers you look at the better. But running with a D/E close to 6 isn't healthy in 2020 or 1972. I'd argue that market cap + debt to equity is better than looking at enterprise value. Edit - holy poo poo wynn d/e is 21?
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Oct 25, 2020 19:31
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