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Off-Topic Stock Market & Crypto Discussion

GladeCane said:
Thanks for your charts on major US calamities and the subsequent rebounds. I've shown that to many friends, and they're glad I did.
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My pleasure. But please note that it was particular to "invasions" not "US calamities."

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Not answering the above question....but...if you're looking for a good high risk astronomical reward stock...

MULN. Been day trading it for a month. Broke first resistance level today. Personal opinion...only a matter of time til it regains what it lost since Nov and goes even further.
 
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OriginalGatorHater said:
That depends on what sort of portfolio you have. Is 50k going to be a tiny percent or a large percent of your entire investment portfolio?
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It's a generic question. My brother in law is selling all of his DVC contracts and in that discussion, he was saying it's difficult to know where to leave it for a couple of years.

It's just money that will be sitting idle for a while until he uses it to build a shop on his property.
 
bobbo31 said:
Cryptical are you still in CELO? I was thinking of selling out of my position in it and buying more LUNA.
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Cryptical Envelopment said:
Yes. I sold 10% in the $8’s when it popped over $10 to buy more LUNA when it was maybe in the 30s but yes. We saw how it can pop. I think it’s legit and I’m being patient with it.
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My contact there left and even while I think it’s legit and will go, I swapped all my Celo for $rune and $magic as I think they have a better chance to go parabolic than Celo at this point.
 
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JD08 said:
It's a generic question. My brother in law is selling all of his DVC contracts and in that discussion, he was saying it's difficult to know where to leave it for a couple of years.

It's just money that will be sitting idle for a while until he uses it to build a shop on his property.
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If he needs the money in a couple years then I'd consider a good dividend stock. Altria (MO) pays a 7% dividend and, they'be been raising the dividend every year for 50 years. While a lot of stocks are still down YTD, Altria is up 7.5%.

The bulk of their business is still tobacco, but their big into vaping and own part of Abinbev.
 
JD08 said:
It's a generic question. My brother in law is selling all of his DVC contracts and in that discussion, he was saying it's difficult to know where to leave it for a couple of years.

It's just money that will be sitting idle for a while until he uses it to build a shop on his property.
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The reason I ask is because it depends on how large his portfolio is already. For instance if he has 1 million invested and he just sold one of his positions. Then it wouldn't be a bad idea finding a particular company he thinks will grow in the next couple of years and throw his 50k into that stock. Or if he thinks a particular sector will grow over the next couple of years then find an ETF that mirrors it and throw that 50k into that. Depending on the stock/sector I would most likely dollar cost average into it.

Now lets say most of ones money is in cash/real estate/etc. and this 50k is going to be the only stock investment. I personally, wouldn't throw it all into one stock. I would pick 10+ stocks/etfs/etc. and dollar cost average into those positions.
 
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GladeCane said:
Cheers!

Do you think this is a standard run up to earnings? Big volume has me thinking Bitgo, uplist and maybe more?
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Zero idea. It's so thin, and so many different entities have tried to manipulate it over the last year, I don't get too granular.

Could easily be a short squeeze, could be a whale(s) dipping his balls, could be a momentum trade, could be inside info that either BitGo or uplist is about to pop... or it could just be the market starting to find it/figure out how undervalued it is as Novo has been on TV a bunch lately... you know I'm big time zoom out on Galaxy. I'm not in this for a 3x.
 
OriginalGatorHater said:
The reason I ask is because it depends on how large his portfolio is already. For instance if he has 1 million invested and he just sold one of his positions. Then it wouldn't be a bad idea finding a particular company he thinks will grow in the next couple of years and throw his 50k into that stock. Or if he thinks a particular sector will grow over the next couple of years then find an ETF that mirrors it and throw that 50k into that. Depending on the stock/sector I would most likely dollar cost average into it.

Now lets say most of ones money is in cash/real estate/etc. and this 50k is going to be the only stock investment. I personally, wouldn't throw it all into one stock. I would pick 10+ stocks/etfs/etc. and dollar cost average into those positions.
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That's the first time I've seen dollar cost averaging used here. That deserves two thumbs up.
 
JD08 said:
That's the first time I've seen dollar cost averaging used here. That deserves two thumbs up.
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That is what I would do personally if I was in either of those positions. Once he decides which of the 2 routes he is going to take, I could go further into detail. Because if this is money he really wants for his shop and he throws it all into 1 stock. Even if its a "good" stock, a lot can happen in 2-3 years.
 
OriginalGatorHater said:
That is what I would do personally if I was in either of those positions. Once he decides which of the 2 routes he is going to take, I could go further into detail. Because if this is money he really wants for his shop and he throws it all into 1 stock. Even if its a "good" stock, a lot can happen in 2-3 years.
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Knowing him, he'll buy something to flip, like cars from the auction.

I keep trying to encourage him to actually invest, but I can't be too judgemental, he's doing quite well for himself.
 
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