OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[MickeyDavis]

Yup, there are reasons it's empty and "only" 120K. Doesn't mean it's a bad investment though.

[MickeyDavis]

I have a little under $10K cash in one of my IRA's and looking where to put it. I can afford some decent risk/reward with this cash. Any ideas/tips.... I already have some Canadian pot stocks in another account

[Diggr14]

I hear OTB is selling some VIP chairs for life for 10k. Free access to the over 40 BBWs for life too.

[M-C-G]

I have a little under $10K cash in one of my IRA's and looking where to put it. I can afford some decent risk/reward with this cash. Any ideas/tips.... I already have some Canadian pot stocks in another account

Did you look at something like MJX? Might be too much pot, but I have squirreled some money away in that one for long term growth.

[HurricaneKid]

There is a dilapidated commercial building in Racine that is 27,000 square feet I'd love to buy. It has 5 floors...each floor maybe big enough for a basketball court. Only 120k. Probably need double that to get it into decent condition though.

What would you do with it?

The ceilings are pretty high... I'm not sure if they are quite high enough for basketball though.... but if they are It would be cool to fix up the place and have 3 basketball courts and have a gym there. Keep the courts open super late. When I was young it always drove me crazy that there wasn't any good places to play basketball during the winter.

And how much would it cost to heat that place in the winter? How much does a basketball court cost?

The Silverdome in Detroit sold for $583k. Big spaces without purpose are just money pits.

That said, that's a LOT of square footage for cheap. See how it is zoned. There are plenty of ways to turn space into money. As much as I love basketball, turning sieve-like warehouse spaces into basketball courts in WI probably isn't one of them...

[crkone]

What would you do with it?

The ceilings are pretty high... I'm not sure if they are quite high enough for basketball though.... but if they are It would be cool to fix up the place and have 3 basketball courts and have a gym there. Keep the courts open super late. When I was young it always drove me crazy that there wasn't any good places to play basketball during the winter.

And how much would it cost to heat that place in the winter? How much does a basketball court cost?

The Silverdome in Detroit sold for $583k. Big spaces without purpose are just money pits.

That said, that's a LOT of square footage for cheap. See how it is zoned. There are plenty of ways to turn space into money. As much as I love basketball, turning sieve-like warehouse spaces into basketball courts in WI probably isn't one of them...

Yeah he should talk to these guys who run Center Court in Waukesha. https://leagueathletics.com/Default.asp?org=CENTERCOURTWIS.COM

[jschligs]

Sort of OT, but crypto related. If anyone has old PC parts lying around PM me as I'd like to buy. Outfitting a 3rd mining rig soon. Thanks!

[MickeyDavis]

I have a little under $10K cash in one of my IRA's and looking where to put it. I can afford some decent risk/reward with this cash. Any ideas/tips.... I already have some Canadian pot stocks in another account

Did you look at something like MJX? Might be too much pot, but I have squirreled some money away in that one for long term growth.

Interesting. Thanks

[M-C-G]

I have a little under $10K cash in one of my IRA's and looking where to put it. I can afford some decent risk/reward with this cash. Any ideas/tips.... I already have some Canadian pot stocks in another account

Did you look at something like MJX? Might be too much pot, but I have squirreled some money away in that one for long term growth.

Interesting. Thanks

Here are the top holdings, then they seem to delve into a lot of one off tobacco type stuff

Code: Select all

Symbol   Description   Industry   Percent of
Net Assets   Shares
Held   Market
Value   6 Mo   1 Yr   YTD
PRMCF   Cronos Group Inc   Pharmaceuticals   10.72%   3.1M   $34.0M   +672.87%   +686.22%   +41.89%
TWMJF   Canopy Growth Corp   Pharmaceuticals   7.52%   743.4K   $23.9M   +457.99%   +352.20%   +43.18%
ACBFF   Aurora Cannabis Inc   Pharmaceuticals   7.17%   2.0M   $22.8M   +541.03%   +457.62%   +43.40%
MEDFF   MedReleaf Corp   Pharmaceuticals   6.90%   931.4K   $21.9M   +230.77%   --   +25.87%
CNTTF   CannTrust Holdings Inc   --   5.28%   1.9M   $16.8M   --   --   +21.16%
SPRWF   The Supreme Cannabis Co Inc   Pharmaceuticals   3.92%   4.9M   $12.5M   +197.34%   +92.48%   +34.58%
GWPH   GW Pharmaceuticals PLC ADR   Pharmaceuticals   3.77%   91.0K   $12.0M   +23.24%   +9.42%   -0.52%
CMMDF   CanniMed Therapeutics Inc   Pharmaceuticals   3.60%   520.4K   $11.4M   +232.26%   +150.83%   +18.81%
INSY   Insys Therapeutics Inc   Biotechnology   3.42%   1.1M   $10.8M   -27.83%   -4.88%   +1.35%
EMHTF   Emerald Health Therapeutics Inc   Pharmaceuticals   3.31%   1.8M   $10.5M   +492.50%   +366.38%   +25.64%

[milwaukee bunks]

You're totally welcome. I am here in service and offering info on what I've learned. Best of luck!

Also, I got my first gpu rig up and running today. Big day for me. By the end of the week, I'll have 5 (potentially 7 cards soon) NVidia 1070's mining the LyraREv2 script getting Verge for the time being. Will be looking at a few other coins as well. The mining adventure is just as big an adventure (and, frankly, pain in the a@@) as the straight trading.

card prices have gone insane the last two weeks

We actually got 8 1070 cards during Canada's 'Boxing Day'. Got each one at the $375-400 mark. But, man, it was fiercely competitive to get them - like there would be 12 cards available and we'd enter our information and 30 seconds later gone.

yeah amazon is completely out of stock unless it's 3rd party and newegg 1070s are going for $600+. was looking to add but it just doesn't make sense right now.

[milwaukee bunks]

Good explainer on Bitcoin "mining" and why it uses so much electricity.

https://finance.yahoo.com/news/bitcoin-mining-sucks-much-electricity-140843956.html

Feel like at some point in the future people are going to look back and wonder why so much money, computer hardware and energy resources were used to basically play a complicated math video game and get the equivalent of electronic Chucky Cheese tokens.

I went the mining route, 3-4 months to get a return on investment after that it's only power. If it even lasts a year, which it will be longer, its a 3x investment. a few months in and I've recouped a lot of my costs already and really the power is nothing compared to what they mine.

[jschligs]

Good explainer on Bitcoin "mining" and why it uses so much electricity.

https://finance.yahoo.com/news/bitcoin-mining-sucks-much-electricity-140843956.html

Feel like at some point in the future people are going to look back and wonder why so much money, computer hardware and energy resources were used to basically play a complicated math video game and get the equivalent of electronic Chucky Cheese tokens.

I went the mining route, 3-4 months to get a return on investment after that it's only power. If it even lasts a year, which it will be longer, its a 3x investment. a few months in and I've recouped a lot of my costs already and really the power is nothing compared to what they mine.

You mining ETH? I found that ETH has the best ROI at the moment. Only issue is finding the cards and mobo that will make it profitable.

[milwaukee bunks]

Good explainer on Bitcoin "mining" and why it uses so much electricity.

https://finance.yahoo.com/news/bitcoin-mining-sucks-much-electricity-140843956.html

Feel like at some point in the future people are going to look back and wonder why so much money, computer hardware and energy resources were used to basically play a complicated math video game and get the equivalent of electronic Chucky Cheese tokens.

I went the mining route, 3-4 months to get a return on investment after that it's only power. If it even lasts a year, which it will be longer, its a 3x investment. a few months in and I've recouped a lot of my costs already and really the power is nothing compared to what they mine.

You mining ETH? I found that ETH has the best ROI at the moment. Only issue is finding the cards and mobo that will make it profitable.

I'm just pool mining with profit switching to send my hash power to the most profitable coin. I am also just outright selling some of my hashing power for btc as well. Cards right now are insane I want to add more but the prices are just nuts if you can even find stock.

[HurricaneKid]

Good explainer on Bitcoin "mining" and why it uses so much electricity.

https://finance.yahoo.com/news/bitcoin-mining-sucks-much-electricity-140843956.html

Feel like at some point in the future people are going to look back and wonder why so much money, computer hardware and energy resources were used to basically play a complicated math video game and get the equivalent of electronic Chucky Cheese tokens.

I went the mining route, 3-4 months to get a return on investment after that it's only power. If it even lasts a year, which it will be longer, its a 3x investment. a few months in and I've recouped a lot of my costs already and really the power is nothing compared to what they mine.

Yes, given the price of the coin it makes sense on a micro level to mine. What he is saying is that on a MACRO level, the tech uses MASSIVE amounts of energy to properly track its chain. Mining currently uses up more energy than Venezuala and that is in its infancy (at best). And the longer the tech is around, the more blocks need to be mined and the more energy is going to be used. If Bitcoin "wins" and becomes widely used who knows how much maintenance will be required (blocks) and how much that will impact the global energy supply/costs.

[RogerMurdock]

I'm just waiting for my damn accounts to be verified. It takes FOREVER. All I want to do is buy a little XRP, but either a) the site doesn't accept fiat currency or b) the fiat currency sites take too long to verify.

Also, Kraken's verification system doesn't **** work. It won't accept my proof of residence doc even though it is within the size parameters.

[MartyConlonOnTheRun]

There is a dilapidated commercial building in Racine that is 27,000 square feet I'd love to buy. It has 5 floors...each floor maybe big enough for a basketball court. Only 120k. Probably need double that to get it into decent condition though.

Mind PMing a link? I am just curious being from Racine and always having the dream of turning a big warehouse into a living space/gym.

I promise to pay in a 500$ lifetime membership if you ever lay down floors.

[jschligs]

I went the mining route, 3-4 months to get a return on investment after that it's only power. If it even lasts a year, which it will be longer, its a 3x investment. a few months in and I've recouped a lot of my costs already and really the power is nothing compared to what they mine.

You mining ETH? I found that ETH has the best ROI at the moment. Only issue is finding the cards and mobo that will make it profitable.

I'm just pool mining with profit switching to send my hash power to the most profitable coin. I am also just outright selling some of my hashing power for btc as well. Cards right now are insane I want to add more but the prices are just nuts if you can even find stock.

Makes sense. Cards are ridiculous right now but I've had some great luck scouring craigslists and setting up in stock alerts for cards I want. Within the last week I've been able to find three 570s and a couple 580s at reasonable price.

Was thinking of buying the ASUS B250 19 GPU capable mobo for around $300-400 too, centralize it all onto one rig.

[paulpressey25]

Yes, given the price of the coin it makes sense on a micro level to mine. What he is saying is that on a MACRO level, the tech uses MASSIVE amounts of energy to properly track its chain. Mining currently uses up more energy than Venezuela

I'd take my thought a step further. Society is grinding away a ton of actual real resources here (power, computers, etc) that in the end aren't producing any tangible product. There is no food being produced, no physical goods. People aren't using the energy to transport themselves or goods and materials to different markets on planes, trucks or ships. Frankly you're producing an online global register that lists out ownership of Chucky Cheese tokens. And a real Chucky Cheese token may have more actual value since you can physically hold it in your hands.

I'm not faulting any of the guys speculating here. People are making real money doing this. Keep at it. Just noting that the whole thing seems ridiculous on certain logical levels.

[jschligs]

Yes, given the price of the coin it makes sense on a micro level to mine. What he is saying is that on a MACRO level, the tech uses MASSIVE amounts of energy to properly track its chain. Mining currently uses up more energy than Venezuela

I'd take my thought a step further. Society is grinding away a ton of actual real resources here (power, computers, etc) that in the end aren't producing any tangible product. There is no food being produced, no physical goods. People aren't using the energy to transport themselves or goods and materials to different markets on planes, trucks or ships. Frankly you're producing an online global register that lists out ownership of Chucky Cheese tokens. And a real Chucky Cheese token of actually existing. You can hold it yourself.

I'm not faulting any of the guys speculating here. People are making real money doing this. Keep at it. Just noting that the whole thing seems ridiculous on certain logical levels.

Can totally see where you're coming from. I got lucky and got in early on both investing in bitcoin and mining other crypto currencies. I'm currently making $500-800 alone from mining a month, and I've seen an ROI of 500% or more on my bitcoin and crypto.

That being said I have an exit strategy in place.

[skones]

Japan is awake. They'll be registering for DMM Bitcoin today.

This could get interesting. 27M potential users.