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

[HaroldinGMinor]

My friend just put his house on the market on the west side of city of Milwaukee. I looking at like 15 houses in that area last year home shopping. I was expecting an asking of like 160k on his House but he put 190k. Got multiple offers above asking within a day. Can’t believe how much the market increased.

I recently bought a house. The market is indeed crazy. Anything decent is snapped up in a day, often over the asking price. Hell in some cities houses are being sold sight unseen. I thought about building, I've done it before and enjoyed the experience for the most part.

But houses are being built all over at a rapid rate. So if supply corrects and rates go up you have a real issue.

" Single-family homebuilding, which accounts for the largest share of the housing market, fell 3.7 percent to a rate of 867,000 units in March."

https://www.cnbc.com/2018/04/17/us-housing-starts-march-2018.html

Housing starts are up but it's largely due to multifamily housing units. Be interesting to see what the next report says.

[HurricaneKid]

I recently bought a house. The market is indeed crazy. Anything decent is snapped up in a day, often over the asking price. Hell in some cities houses are being sold sight unseen. I thought about building, I've done it before and enjoyed the experience for the most part.

But houses are being built all over at a rapid rate. So if supply corrects and rates go up you have a real issue.

" Single-family homebuilding, which accounts for the largest share of the housing market, fell 3.7 percent to a rate of 867,000 units in March."

https://www.cnbc.com/2018/04/17/us-housing-starts-march-2018.html

Housing starts are up but it's largely due to multifamily housing units. Be interesting to see what the next report says.

Yes, the entire purpose of which is to produce more housing faster and cheaper.

Trust me, they would put up more if they had the man power to do so. The demand is certainly there. The problem is a lot of tradespeople got out of the industry when there weren't any jobs. My buddy is a union electrician. He works Sunday at double time and has the option of doing so for the foreseeable future. That's >$75/hr. And some of the guys were making north of $100/. The cost of building supplies, lots, and labor is just out of this world. And that's if you can find any tradespeople not working as many hours as they want at advanced income levels.

[HaroldinGMinor]

Single family housing is more important to the economy. Multi family housing includes apartments. When people aren't buying they are renting. When they aren't buying that typically means the economy is slowing down. This is why people often use housing starts as the canary in the coal mine for an economic slowdown.

[BuckHole]

Go back to page 1. It's been mentioned multiple times here that you shouldn't touch bit coin til maxing out retirements. It's boring stuff. How often can you talk about VTSAX?

(In my mind, picking individual stocks isn't that much better than betting on Bitcoin)

What you say is a good thing to keep repeating.

Also, boring is good in investments imho. Boring is a fine goal coupled with a very long time frame.

I think there is far more discussion about crypto because many people are trying to get a better understanding of what it is and how to invest in it. It's quite a revolution actually if it ends up usurping traditional currency, that's a big deal.

But as for boring talk, I love Canopy Growth, I think they are going to own the Weed industry. I also like the MJ fund which covers something like the 10 biggest canadian Weed companies. With recreational poised to be legalized in about 4 weeks, it is an exciting time to have investments in that space.

Also, if anyone is looking for a buy low opportunity, look at Radient Technologies (RTI). Trading for under a dollar, has a very good infrastructure, patented oil extraction, located right next to Aurora facility (a partner of theirs). Should be poised to do some very big things starting soon.

In regard to Robinhood, there isn’t a lot of cannabis stocks. I’d assume Robinhood only handles the Dow or NYSE; I’m a novice here, please correct me. I did find two stocks to invest a few $ into on Robinhood that are in Cannabis: MJ and CRON. Any others on Robinhood to watch?

[M-C-G]

What you say is a good thing to keep repeating.

Also, boring is good in investments imho. Boring is a fine goal coupled with a very long time frame.

I think there is far more discussion about crypto because many people are trying to get a better understanding of what it is and how to invest in it. It's quite a revolution actually if it ends up usurping traditional currency, that's a big deal.

But as for boring talk, I love Canopy Growth, I think they are going to own the Weed industry. I also like the MJ fund which covers something like the 10 biggest canadian Weed companies. With recreational poised to be legalized in about 4 weeks, it is an exciting time to have investments in that space.

Also, if anyone is looking for a buy low opportunity, look at Radient Technologies (RTI). Trading for under a dollar, has a very good infrastructure, patented oil extraction, located right next to Aurora facility (a partner of theirs). Should be poised to do some very big things starting soon.

In regard to Robinhood, there isn’t a lot of cannabis stocks. I’d assume Robinhood only handles the Dow or NYSE; I’m a novice here, please correct me. I did find two stocks to invest a few $ into on Robinhood that are in Cannabis: MJ and CRON. Any others on Robinhood to watch?

I'm not on robinhood, but Canopy did file to join the NYSE, I believe later this month, so you may be able to find them soon. I think I read Cronos has something like a 30% spike on getting listed on Nasdaq (pulling that from memory so take that for what it is worth, not much). Then the C-45 bill gets voted on June 7th to legalize in Canada beginning August some time. So pretty exciting time to be a part of the ride.

[BuckHole]

I think there is far more discussion about crypto because many people are trying to get a better understanding of what it is and how to invest in it. It's quite a revolution actually if it ends up usurping traditional currency, that's a big deal.

But as for boring talk, I love Canopy Growth, I think they are going to own the Weed industry. I also like the MJ fund which covers something like the 10 biggest canadian Weed companies. With recreational poised to be legalized in about 4 weeks, it is an exciting time to have investments in that space.

Also, if anyone is looking for a buy low opportunity, look at Radient Technologies (RTI). Trading for under a dollar, has a very good infrastructure, patented oil extraction, located right next to Aurora facility (a partner of theirs). Should be poised to do some very big things starting soon.

In regard to Robinhood, there isn’t a lot of cannabis stocks. I’d assume Robinhood only handles the Dow or NYSE; I’m a novice here, please correct me. I did find two stocks to invest a few $ into on Robinhood that are in Cannabis: MJ and CRON. Any others on Robinhood to watch?

I'm not on robinhood, but Canopy did file to join the NYSE, I believe later this month, so you may be able to find them soon. I think I read Cronos has something like a 30% spike on getting listed on Nasdaq (pulling that from memory so take that for what it is worth, not much). Then the C-45 bill gets voted on June 7th to legalize in Canada beginning August some time. So pretty exciting time to be a part of the ride.

I can’t wait for my $20 to become $30!

[M-C-G]

In regard to Robinhood, there isn’t a lot of cannabis stocks. I’d assume Robinhood only handles the Dow or NYSE; I’m a novice here, please correct me. I did find two stocks to invest a few $ into on Robinhood that are in Cannabis: MJ and CRON. Any others on Robinhood to watch?

I'm not on robinhood, but Canopy did file to join the NYSE, I believe later this month, so you may be able to find them soon. I think I read Cronos has something like a 30% spike on getting listed on Nasdaq (pulling that from memory so take that for what it is worth, not much). Then the C-45 bill gets voted on June 7th to legalize in Canada beginning August some time. So pretty exciting time to be a part of the ride.

I can’t wait for my $20 to become $30!

I'm waiting for my 20s to become 200s!!

[vlietinho]

I'm not on robinhood, but Canopy did file to join the NYSE, I believe later this month, so you may be able to find them soon. I think I read Cronos has something like a 30% spike on getting listed on Nasdaq (pulling that from memory so take that for what it is worth, not much). Then the C-45 bill gets voted on June 7th to legalize in Canada beginning August some time. So pretty exciting time to be a part of the ride.

I can’t wait for my $20 to become $30!

I'm waiting for my 20s to become 200s!!

Making good progress atm

[M-C-G]

I can’t wait for my $20 to become $30!

I'm waiting for my 20s to become 200s!!

Making good progress atm

Yeah, it's been a good day for Canopy. I think Mad Money reaches so many different type of investors that may think of Cannabis companies as just a replacement for the black market, when they hear a guy like Linton talk about their medicinal division, it really opens their eyes. Then when they think about the opioid replacement angle and even disrupting the liquor industry with a zero calorie drink that doesn't grind on your organs but can get you buzzed, they become way open to the idea of investing.

[lds102]

Looks like our Owner Wes Eden has recently been buying a lot of shares of Drive Shak. Stock Ticket D'S. He own"s about 2 Million shares. That stock has gone up about $4 A share in the last year. It went up about $2 A share last few days with his last purchases. It trades at around $6.52 A share now.

[crkone]

Looks like our Owner Wes Eden has recently been buying a lot of shares of Drive Shak. Stock Ticket D'S. He own"s about 2 Million shares. That stock has gone up about $4 A share in the last year. It went up about $2 A share last few days with his last purchases. It trades at around $6.52 A share now.

I expect a Drive Shak near the arena now.

[HurricaneKid]

Single family housing is more important to the economy. Multi family housing includes apartments. When people aren't buying they are renting. When they aren't buying that typically means the economy is slowing down. This is why people often use housing starts as the canary in the coal mine for an economic slowdown.

I work in the industry.

The housing crunch has not been isolated to real estate prices. Rental prices are similarly spiking (as they have a direct relationship).

We have run out of land in Madison and Milwaukee so you start going vertically. Whether you keep them as rentals or sell them off as condos is almost immaterial. There is not an adequate supply of homes so the price, given increasing demand, is rising.

I know several people that live in condos built within the last several years. That are worth >750k.

[M-C-G]

Single family housing is more important to the economy. Multi family housing includes apartments. When people aren't buying they are renting. When they aren't buying that typically means the economy is slowing down. This is why people often use housing starts as the canary in the coal mine for an economic slowdown.

I work in the industry.

The housing crunch has not been isolated to real estate prices. Rental prices are similarly spiking (as they have a direct relationship).

We have run out of land in Madison and Milwaukee so you start going vertically. Whether you keep them as rentals or sell them off as condos is almost immaterial. There is not an adequate supply of homes so the price, given increasing demand, is rising.

What I don't understand, what is driving all of this growth? Population of MKE is pretty flat, Madison is up slightly and the state as a whole I guess is up 200k in the last 10 years or so.

[Iheartfootball]

Pent up demand in part because kids moved out of their parents homes after the great recession. Unemployment is at historical lows. Interest rates are still historically low. Those are some big pieces.

[HurricaneKid]

Single family housing is more important to the economy. Multi family housing includes apartments. When people aren't buying they are renting. When they aren't buying that typically means the economy is slowing down. This is why people often use housing starts as the canary in the coal mine for an economic slowdown.

I work in the industry.

The housing crunch has not been isolated to real estate prices. Rental prices are similarly spiking (as they have a direct relationship).

We have run out of land in Madison and Milwaukee so you start going vertically. Whether you keep them as rentals or sell them off as condos is almost immaterial. There is not an adequate supply of homes so the price, given increasing demand, is rising.

What I don't understand, what is driving all of this growth? Population of MKE is pretty flat, Madison is up slightly and the state as a whole I guess is up 200k in the last 10 years or so.

From ~mid 2008 to ~late 2013 there were no housing starts. Madison was at ~228k and is currently at ~253k. With few housing starts until the last several years. 12% over a decade might not read as a lot, but I read it as 25,000 more people needing a home.

[M-C-G]

I can’t wait for my $20 to become $30!

I'm waiting for my 20s to become 200s!!

Making good progress atm

Between the action on Aphria, Canopy and Aurora, it was a good, good, good day.

[HaroldinGMinor]

This is probably a dumb question but what stocks does Robinhood trade? I see APH on e-Trade as APHQF but it does not exist on Robinhood. Just curious.

[BuckHole]

I'm waiting for my 20s to become 200s!!

Making good progress atm

Between the action on Aphria, Canopy and Aurora, it was a good, good, good day.

so you're in the Canadian stock market? Can you access this from Robinhood?

[M-C-G]

I have a Shwabb account that appears to let me access TSX. I know nothing about Robinhood but it would appear that the stock needs to be listed on NASDAQ or NYSE to be on there or be crypto.


Sent from my iPhone using Tapatalk

[bizarro]

This is so good:

Watch on YouTube