ahomeplateslugger
Superstar
huge win. I’m late to pton. Got in at $100 because I didn’t take time to fully understand the business but now I really like them.
Boiler Room: The Official Stock Market Discussion
huge win. I’m late to pton. Got in at $100 because I didn’t take time to fully understand the business but now I really like them.
dora_da_destroyer
Master Baker
Yea it’s not, it’s the ridiculousness of the Bay Area housing market
Real estate is good but it is also catching the market at the right time and where you live. I mentioned on here how in 2009 after the economy tanked I bought 3 foreclosures for dirt cheap. Fixed them up and rented them out. Even sold one of them last year where I almost quadrupled my investment. But often times those type of returns are rare and depend on catastrophic circumstances.
I always say get as many money making streams you can find (good paying job, side hustle, side job) when the economy is good stack your money. Then keep cash available for tough times. Then when you see a bad economy hits pounce on any good deals you can find.
ahomeplateslugger
Superstar
what city is your property in? I’ve been looking to buy a house but seems like maybe a dozen cities have homes under 1 million now.
Yep it was a great investment and still has plenty of growth.
Another one folks forget to talk about is SHOP. It hasn't been climbing like it once was. But I got in at like 450 and that shyt is over 1100 now.
nicely done. I’m in the toronto area which is ridiculous as well. 3x more expensive then a place like atlanta, even with currency difference.
Yep breh a lot of kats make their money by leaaving a job and then rolling that 401k they had over to a traditional or a roth IRA.
That way with the IRA you can buy stocks and really make money. I will never forget a old timer hipping me to game once I got into corporate america. Old kat was like make sure you max out your 401k. Then once you leave roll that money over to an IRA and so you can start buying stocks and etfs. Old school was like trust you will thank me in the end.
Yeap that old kat sure was right....
This is just next-level game. Wish I had a great financial mentor when I was young.
You damn near got me thinking about looking for another job right now.
I think a viable strategy for you blue-chip/long term investors is not only to buy the stock on a dip and wait, but also do what you can to slowly chip away at your cost basis. For example, if you own JMIA and plan on it being 10x in the future (which it possibly can be), slowly build your position until you have 1-10k shares, then sell puts to lower your cost basis. If you can get your cost basis down to the cost of one share over time, than you're in retirement position. This should especially be the strategy for TSLA investors, if you plan on holding indefinitely, the play should be to lower your CB as TSLA continues to appreciate 5-10 years from now. Lower your CB a couple of hundred a week to increase your gains. Selling covered calls helps lower CB too. This strategy increases your chances of not taking an L and selling in the green if it comes to that.
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Saysumthinfunnymike
VOTE!!!
It is a bull market with no interest rates so no that will not continue however there's always plays to make and if you just look at ARK series for example it's 300% over 3 years.. that was happening regardless of the current market we are in.
Rickdogg44
RIP Charmander RIP Kobe
@dora_da_destroyer you have 5 properties? Well 4 now? and make like 700k from one sell?
and make like 700k from one sell?
FE has a big influence on alot of youtubers.
he started talking about it here and there and then boom he went in. no doubt other youtubers watch all his move. when he went in with BYND there were so many BYND vids just popping up left and right.
and i trust FE cuz he can't afford to fail. he has to make a right choice cuz his viewership depends on it. so doing your own DD is so damn overrated cuz ain't nobody gonna spend hours and hours of research like FE.
i was in the market to buy a property back in 2012. i always go to vegas in summer and i told my wife that we should buy a vacation home because it's dirt cheap. i mean 100k houses looked like a 400k house where i lived then. but ended up not pulling the trigger.
and it's sickening that i didn't pull a trigger.
most of houses i was looking at then is now 400-550k range. i would've 5Xed and it would probably continue to climb. i see it getting to 600-700k range in few years. they have a dirt cheap property taxes too.
Saysumthinfunnymike
VOTE!!!
FE has a big influence on alot of youtubers.
he started talking about it here and there and then boom he went in. no doubt other youtubers watch all his move. when he went in with BYND there were so many BYND vids just popping up left and right.
and i trust FE cuz he can't afford to fail. he has to make a right choice cuz his viewership depends on it. so doing your own DD is so damn overrated cuz ain't nobody gonna spend hours and hours of research like FE.
Yeah F.E. does extensive research.. I remember us discussing all the upside with TTCF but I didn't hold many shares and the merger is always dicey..
I think under $25 is a steal if we're looking 3-5 years with their current valuation
Under $20 should be against the law lol. Im loading the boat if it dips under 20.. if not ill maybe slowly add... we'll see
