Whelp......I'm in now. At $18.30.
Shoot, I didn't even check the lock up period. I assume it's the standard 90 days? Lol....
Stock Advice Thread
- Thread starter dgtatu01
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Whelp......I'm in now. At $18.30.
Shoot, I didn't even check the lock up period. I assume it's the standard 90 days? Lol....
Hey @AustinTXCat I forget if I've asked you this in detail. But you mentioned a while back that your side hustle is moving savings from bank to bank to get the bonus's and other inter-bank moves. When you get a chance, can you go into detail on this? I'm starting to get offers for different savings accounts that say something like "Move $20k over to us and get $300 bonus!"
Also, I'm going to continue to hijack this thread as a Personal Finance Thread until I get the motivation to make one myself. Thanks.
Sure. I'll try providing a good response tomorrow evening after a few beers.
Pro Tip: Include credit card bonuses in the side hustle.
Rolled over my wife's 401k to a TD Ameritrade IRA and got $600 in 2014 I think.
Sometimes these CC bonuses don't work out. Like Sunday.
Went to Lowes to buy an over-the-range microwave. Asked to open a CC for the extra 20% off. What they failed to mention is if the sale price is discounted $100 or more, I would only get 5% off. Found this out at the register. The appliance manager said nothing when I asked.
Went to Lowes to buy an over-the-range microwave. Asked to open a CC for the extra 20% off. What they failed to mention is if the sale price is discounted $100 or more, I would only get 5% off. Found this out at the register. The appliance manager said nothing when I asked.
SLV...have been buying lots of it of late. Gold gets all the headlines, but silver is doing much, much better.
Not a terrible 24 hrs so far. And there's no lock up period, so I can bail whenever.
Anyone heard of a company called Palantir? The business is controversial given what they do.......they're also very secretive in their own financials. However, you're talking MASSIVE potential in the tech sector.....which obviously is hot.
They have started a "confidential IPO" process.....which after some research have determined that under this process the SEC does not have to announce the launch date of the IPO.....nor the price. They filed back in early July.........and the process can take a matter of weeks to a matter of months............so, quite literally the company could IPO any moment now.
https://www.vox.com/recode/2020/7/16/21323458/palantir-ipo-hhs-protect-peter-thiel-cia-intelligence
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Bank account and credit card side hustle.
Best reference on offers for offers = Doctor of Credit. Search for offers under Best Bank Account Bonuses and Best Current Credit Card Sign-up Bonuses. Both links are updated monthly.
Personally speaking, I have not worked this side-hustle with much intensity. My total to date is only $516, broken down as follows:
Bank of America credit card bonus: $200. Required $500 minimum spend.
Capital One money market account bonus: $200. Required $10,000 deposit. Must maintain for at least 90 days. Interest rate at the time (Dec 2019) was a generous 1.8%.
Navy Federal Credit Union: $100. Applied to Roth IRA account.
Ally Bank: $16. I deposited $1,525 total.
Future: Capital One Credit Card bonus $150. Requires $500 minimum spend over 90 days.
Some bank direct deposit account funding is possible using other bank accounts. Check out "The Ultimate Guide to Bank Account Bonuses" from Financial Panther for more info.
Best reference on offers for offers = Doctor of Credit. Search for offers under Best Bank Account Bonuses and Best Current Credit Card Sign-up Bonuses. Both links are updated monthly.
Personally speaking, I have not worked this side-hustle with much intensity. My total to date is only $516, broken down as follows:
Bank of America credit card bonus: $200. Required $500 minimum spend.
Capital One money market account bonus: $200. Required $10,000 deposit. Must maintain for at least 90 days. Interest rate at the time (Dec 2019) was a generous 1.8%.
Navy Federal Credit Union: $100. Applied to Roth IRA account.
Ally Bank: $16. I deposited $1,525 total.
Future: Capital One Credit Card bonus $150. Requires $500 minimum spend over 90 days.
Some bank direct deposit account funding is possible using other bank accounts. Check out "The Ultimate Guide to Bank Account Bonuses" from Financial Panther for more info.
Still gonna go through your post. But I'm such a dummy. For FAR too long than I care to admit, I thought when a bank's interest was 1%, that was per month.. not 1% split over 12 months, or 365 days.
So during this time, I thought $5,000 was getting me $50 a month, not $50 a year. FML lol.
So now I'm even MORE intrigued on this side-hustle, as I was way over-estimating what holding in a savings account could do.
The worst part is, I knew this.. I knew interest rates were broken down into monthly or daily percentages.. and IDK why I didn't put two and two together..
Back in the "good old days" (1984), 10% annualized interest rates on 5-year CDs were the norm, as was inflation. I remember various passbook savings accounts paying over 5% annualized as late as 1989.
Look particularly close at the link from Financial Panther regarding bank account hustles. Timely record-keeping is key here. $1,000-$2,000 annual cash returns using this hustle are common. There's also a Reddit sub (Churn, baby, churn) discussing bank account bonuses in a weekly thread.
Here's my question about Apple: With everything, and I mean virtually EVERYTHING moving to the cloud, how does Apple handle it's laptop/computer offerings? Why spend 50% more on something that's really just used to access your cloud provider? How about the smart phone market in constant decline (thats a problem for Samsung as well)? I sometimes wonder if Tim Cook is still riding the monstrous wave from Jobs' innovations. Apple TV? Cool, but not revolutionary.
That said, im sure we'll look back in 10 years and they'll have developed something new. Im just trying to decide if i want to buy some stock before or after the split.
That said, im sure we'll look back in 10 years and they'll have developed something new. Im just trying to decide if i want to buy some stock before or after the split.
Makes sense. Services are up.. devices more or less took a hit. Is that hit because Apple is moving to services, or caused by the slowing of smartphone sales, something external? Or both?
Services are not yet on the level of an iMac, iPhone or iPod..
I guess I just wonder what sort of services Apple can offer to compete in 2020? Almost every service we can think of is done better by someone else. Music? Spotify. Movies? Netflix. Productivity? Google docs or MS office.
One thing I do like about the smartphone market.. the cameras are becoming increasingly better, to the point that its almost the biggest draw now (not screen size, not ram). And thats big with things like TikTok and VR applications.. so maybe smartphones will be fine.
I know their PEs have risen, but with College football likely getting cancelled or certainly diminished in many conferences, what leisure stocks should we buy? Peloton, Camper World, gun stocks, others?? One of nieces said she can’t even find a Kayak to buy right now.
Nautilis? They own Bowflex and every single thing you can buy is sold out. They also (finally) came out with a Select-Tech barbell set. Ez-curl and straight bar.. 10 to 80lbs with expansion up to 120lbs..
Not that skull crushers will set the finance world on fire.. but i dont know what's in store for gyms. How could they open now with flu season ahead of us? Home gyms are one of the biggest crazes during these times.
That’s another good one, boating companies have gone way up, guess snow skiing equipment will be sold out, too.
Earlier I mentioned about a pending IPO called Palantir. Here is some more information about it.
Palantir
-Origin - Back in 2003, the CIA and a wealthy investor started Palantir. They took the name from the Lord of The Rings series. In the series, the Palantiri stones (crystal balls) were used to communicate or spy on all corners of the land.....think Saruman in the black tower.
The goal was to create a computer program (called Gotham) that would collect massive amounts of data (credit purchases, phone records, ordering pizzas, etc, etc, etc).....and analyze it to form patterns or connections that is very hard for humans to detect. For example it is strongly "rumored" that this program was used to find Osama Bin Laden and El Chapo.
Needless to say that Palantir is controversial.......straight out of George Orwell's playbook.
-Contracts - On top of the billion dollar US Gov't contracts (CIA, FBI, DHS, CDC, ICE, etc), they also have contracts with law enforcement. The programs have been used to find sex traffic victims, track COVID-19, hacking rings, etc. This is all under the Gotham project.
Under the Metropolis Project, data is used for the financial institution. JPMorgan for example has used the Metropolis for predictive analytics, prevent corporate espionage, etc.
They also have the Foundry Project which enables businesses and industries to use the data to their designs.
-Profit - Over the last several yrs the company has really cranked up the revenue. In just the last several yrs they've increased from $660 million to over a $1 billion recently.
-Valuation - This is where things get interesting. They filed a "Confidential IPO." Under this, much of their numbers remain hidden from the public eye until very close to the IPO launch. Most people value the company around $20-40 billion though.
-Launch Date/Price - Unknown at this time. They filed with the SEC on July 6th......so, it could launch at any time now.
-Thoughts - Some are calling this one of the biggest Tech IPO's to launch since Google.......which is saying a LOT. First, I don't like to invest (gamble) a lot in IPO's......they're just too risky. And in this case, we don't know the financials of the company because they've remained so secretive. However, they do have some crazy large Gub-ment contracts, they are nearly as 20 yr old company, have recently brought in nearly $1 billion in revenue, and is an industry that is very likely to boom (cloud, AI, etc).
Palantir
-Origin - Back in 2003, the CIA and a wealthy investor started Palantir. They took the name from the Lord of The Rings series. In the series, the Palantiri stones (crystal balls) were used to communicate or spy on all corners of the land.....think Saruman in the black tower.
The goal was to create a computer program (called Gotham) that would collect massive amounts of data (credit purchases, phone records, ordering pizzas, etc, etc, etc).....and analyze it to form patterns or connections that is very hard for humans to detect. For example it is strongly "rumored" that this program was used to find Osama Bin Laden and El Chapo.
Needless to say that Palantir is controversial.......straight out of George Orwell's playbook.
-Contracts - On top of the billion dollar US Gov't contracts (CIA, FBI, DHS, CDC, ICE, etc), they also have contracts with law enforcement. The programs have been used to find sex traffic victims, track COVID-19, hacking rings, etc. This is all under the Gotham project.
Under the Metropolis Project, data is used for the financial institution. JPMorgan for example has used the Metropolis for predictive analytics, prevent corporate espionage, etc.
They also have the Foundry Project which enables businesses and industries to use the data to their designs.
-Profit - Over the last several yrs the company has really cranked up the revenue. In just the last several yrs they've increased from $660 million to over a $1 billion recently.
-Valuation - This is where things get interesting. They filed a "Confidential IPO." Under this, much of their numbers remain hidden from the public eye until very close to the IPO launch. Most people value the company around $20-40 billion though.
-Launch Date/Price - Unknown at this time. They filed with the SEC on July 6th......so, it could launch at any time now.
-Thoughts - Some are calling this one of the biggest Tech IPO's to launch since Google.......which is saying a LOT. First, I don't like to invest (gamble) a lot in IPO's......they're just too risky. And in this case, we don't know the financials of the company because they've remained so secretive. However, they do have some crazy large Gub-ment contracts, they are nearly as 20 yr old company, have recently brought in nearly $1 billion in revenue, and is an industry that is very likely to boom (cloud, AI, etc).
Weird day. Gold, Silver, Bitcoin and the Nasdaq took a dive as the dollar has stopped going down. I'm guessing it's just a pause and bought GOLD after selling some WY yesterday. Too much exposure in lumber and not enough in gold. So kinda rebalancing still this summer.
Cutting Capital Gains Tax?
https://finance.yahoo.com/news/trump-seriously-considering-capital-gains-135929517.html
https://finance.yahoo.com/news/trump-seriously-considering-capital-gains-135929517.html
What about TESLA now with a 5 to 1 stock slit coming 8-31-2020? Get 5 for every 1 share owned.
Anyone keen on jumping the shark on them now? Good deal for TESLA and smaller investors? What say you guys? Buy now or wait?
Anyone keen on jumping the shark on them now? Good deal for TESLA and smaller investors? What say you guys? Buy now or wait?
My only caveat to this is that Apple is a little to medium overpriced........Tesla is stupid/crazy/unbelievably/inconceivable/ridiculous/supercalifragilisticexpallidocious overpriced.
Splits don't change whether something is over/underpriced. But Jameslee is correct.....it doesn't make a large difference when you buy in during splits.
What do I do? Ive been thinking about this for awhile. I have 60 shares of WFC that I bought in for an average of about $29.50. It's been trading around $25. Should I dump it or hold it? Dividend has been sliced to $.10.
TGLVY, the leading throw away glove maker in Malaysia and the world is down 10.3% today, good buying opportunity, lag time is slow so ignore any short term help from vaccines, IMO:https://finance.yahoo.com/news/eye-popping-rally-asian-glove-053151854.html
If anything, from here and what I've read, it just gives you a chance to get some volume on big players. Lowers the barrier of entry. And I think ALL of Apple's stock splits climbed right back after a few years.
Personally, I would consider it as an opportunity cost, dump it and get BAC or something else like IIPR or a medical stock for dividends. Hold it long enough and it probably will do fair.
The only thing I would add is buying fractional shares and zero commissions has lowered any barrier to entry for the foreseeable future. IOW you can buy stock at any share price from sites like Robinhood, Schwab and Fidelity.
Or these.
https://www.thebalance.com/best-brokerages-for-fractional-share-investing-4173377
1. What made you buy it at $29.50? Has your thoughts changed? For example, if you analyzed it, realized it was a good company that you could buy around a 50% sale price and chose to buy in..........then why sell now? If you thought it was a good buy at $29.50 it should be even a better buy at $25. In fact, the mindset you should have is that if you felt strong enough to buy at $29.50, you probably would want to buy more at $25......not sell.
I think you'll make a good profit off it. It might take you a year or two, but I think you'll make a nice piece.......it might even double....but you'll have to be patient.
2. If you're really thinking about selling, what is your exit strategy? What do you plan to do with the money? Is there something else out there you want to buy?
The dividend was good and I thought it was a good buy at the time. Maybe I'm being impatient. I have considered buying more for dollar cost averaging.
If I sell, I would probably add to my ABBV.
Being a less experienced investor I think my biggest issue is patience which is why I am running by some of you guys.
What would you do? I'm leaning towards holding on.
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I’m pretty patient. I would hold it till after a vaccine is released and the election is over......especially because it’s just a few months away. I think there’s a possibility of it going back into the $40s or perhaps $50s over the next 1-2 years.
