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

Posted: Tue Jan 12, 2021 11:08 pm
by dakim
M-C-G wrote:
SupremeHustle wrote:
M-C-G wrote:Affirm set to go live with IPO tomorrow it looks like. Still haven't figured out if I am in on this or not. Just seems like something that has massive upward potential to me.

https://www.retaildive.com/news/affirm-raises-ipo-target-aiming-to-top-1b/593218/


I came here to say this. I'm in for sure.


Any expectations, or just a roll of the dice for upward potential after a few years? I am guessing this is a minimum of 5 years investment.

Ballsy taking on Credit Card industry, but maybe not as ballsy when you have PayPal Holdings doing it with you. Could be really disruptive.


Check out a company called afterpay (APT) on the ASX, for buy now pay later potential.

Btw, how does one get in on the Affirm IPO?

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

Posted: Tue Jan 12, 2021 11:22 pm
by Stannis
dakim wrote:
M-C-G wrote:
SupremeHustle wrote:
I came here to say this. I'm in for sure.


Any expectations, or just a roll of the dice for upward potential after a few years? I am guessing this is a minimum of 5 years investment.

Ballsy taking on Credit Card industry, but maybe not as ballsy when you have PayPal Holdings doing it with you. Could be really disruptive.


Check out a company called afterpay (APT) on the ASX, for buy now pay later potential.

Btw, how does one get in on the Affirm IPO?


I sold this one way back like a moron for around $30.

Ticker is AFTPY. It's an aussie stock and supposedly the most overvalued stock in Australia. Not sure about buying it at this price.

Affirm is backed by PayPal, which is a good sign. But I kind of feel the "Buy Now, Pay Later" sector is going to crowded. Anyone else?

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

Posted: Tue Jan 12, 2021 11:31 pm
by M-C-G
Stannis wrote:
dakim wrote:
M-C-G wrote:
Any expectations, or just a roll of the dice for upward potential after a few years? I am guessing this is a minimum of 5 years investment.

Ballsy taking on Credit Card industry, but maybe not as ballsy when you have PayPal Holdings doing it with you. Could be really disruptive.


Check out a company called afterpay (APT) on the ASX, for buy now pay later potential.

Btw, how does one get in on the Affirm IPO?


I sold this one way back like a moron for around $30.

Ticker is AFTPY. It's an aussie stock and supposedly the most overvalued stock in Australia. Not sure about buying it at this price.

Affirm is backed by PayPal, which is a good sign. But I kind of feel the "Buy Now, Pay Later" sector is going to crowded. Anyone else?


Maybe it is, but then I would say, is the credit card industry too crowded? I can find 20 companies that will give me a credit card or balance transfer, etc.

My question, is do I buy in to this one, most notably because PayPal holdings is attached. It's like if you are going to bet on a dog, you want the one eating filet mignon and caviar or spam and ramen noodles? And yeah, I know it is a false equivalency, but it was a fun one to make.

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

Posted: Tue Jan 12, 2021 11:34 pm
by M-C-G
dakim wrote:
Btw, how does one get in on the Affirm IPO?


I started digging this on Charles Schwab and honestly gave up. Didn't make the time to figure it out, so instead I'll be watching the stock price the second it is available.

Hedge fund buddy of mine told me that I should look into something called SPACs. Special Acquisition Companies, which I think are almost like a fund that focuses on IPOs but I'll be honest, I kind of half read an article with a baby in my hand, so no idea if I got the gist right.

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

Posted: Wed Jan 13, 2021 5:54 pm
by M-C-G
Whelp, didn't catch that Affirm came on to the open market an hour ago. Up 100% so far, feels like I missed the window, worried with an IPO I'm chasing at this point. Anyone else get in?

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

Posted: Wed Jan 13, 2021 6:45 pm
by MickeyDavis
It's been holding steady ~$100 the past couple of hours.

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

Posted: Wed Jan 13, 2021 6:58 pm
by M-C-G
MickeyDavis wrote:It's been holding steady ~$100 the past couple of hours.


I haven't tracked many IPOs, but if the momentum didn't last through the day, then I suspect it will be dropping.

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

Posted: Thu Jan 14, 2021 4:34 pm
by M-C-G
M-C-G wrote:
MickeyDavis wrote:It's been holding steady ~$100 the past couple of hours.


I haven't tracked many IPOs, but if the momentum didn't last through the day, then I suspect it will be dropping.


Up another 30% as of right now. Shows what I know.

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

Posted: Thu Jan 14, 2021 4:54 pm
by tydett
Super neophyte when it comes to investing (I mostly use S&P indexes and mutual funds), but our of curiosity, how does one get in on an IPO? I've read that you need to use broker orgs. that can get you in, but many seem to require more investment/trading than I do?

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

Posted: Thu Jan 14, 2021 5:05 pm
by M-C-G
tydett wrote:Super neophyte when it comes to investing (I mostly use S&P indexes and mutual funds), but our of curiosity, how does one get in on an IPO? I've read that you need to use broker orgs. that can get you in, but many seem to require more investment/trading than I do?


I went down the Charles Schwab path and basically hit a dead end. I think eventually it took me to a place that said just by it on the secondary market once available, which sucks because AFRM was $49 in the IPO, $90 by the time it got to the secondary market and now $125 or so two days later.

I would guess you need a certain level of investment to get into an IPO but like I said, I never really figured it out.

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

Posted: Fri Jan 15, 2021 2:50 am
by ReasonablySober
tydett wrote:Super neophyte when it comes to investing (I mostly use S&P indexes and mutual funds), but our of curiosity, how does one get in on an IPO? I've read that you need to use broker orgs. that can get you in, but many seem to require more investment/trading than I do?


Just came into this thread to ask if anyone can recommend books or online classes, paid or otherwise. I don't even know dick about S&P indexes and mutual funds. I invest in what my company tells me to but I'm absolutely clueless. It's embarrassing and I would like resources that treat me like the idiot I am.

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

Posted: Fri Jan 15, 2021 3:45 am
by KidA24
ReasonablySober wrote:
tydett wrote:Super neophyte when it comes to investing (I mostly use S&P indexes and mutual funds), but our of curiosity, how does one get in on an IPO? I've read that you need to use broker orgs. that can get you in, but many seem to require more investment/trading than I do?


Just came into this thread to ask if anyone can recommend books or online classes, paid or otherwise. I don't even know dick about S&P indexes and mutual funds. I invest in what my company tells me to but I'm absolutely clueless. It's embarrassing and I would like resources that treat me like the idiot I am.


For the basics: https://www.reddit.com/r/personalfinance/wiki/index is a decent crash course.

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

Posted: Fri Jan 15, 2021 6:03 pm
by sidney lanier
Still a few kinks to be worked out, I see, in the idealized cryptocurrency future.

Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out

James Howells, a 35-year-old IT engineer from Newport, Wales, said he discarded the device while clearing out his home in 2013. He claims he had two identical laptop hard drives, and that he mistakenly put the one containing the cryptographic “private key” needed to access and spend his bitcoins in the trash.

After all these years, Howells is still confident he’d be able to recover the bitcoin. Though the external part of the hard drive may be damaged and rusted, he believes the glass platter inside may still be intact.

“There is a good chance the platter inside the drive is still intact,” he told CNBC. “Data recovery experts could then rebuild the drive or read the data directly from the platter.”

Howells says he had 7,500 bitcoins which, at today’s prices, would be worth more than $280 million. He says the only way to regain access to it would be through the hard drive he threw in the trash eight years ago.

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

Posted: Sat Jan 16, 2021 11:04 pm
by Bucknado
Looking at buying a property in Austin and Airbnbing it. Anyone have experience as a host?

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

Posted: Sun Jan 17, 2021 3:40 pm
by jmart762
Not in here very much, but if you're interested in crypto (we were wild about it in here last cycle) I'm a bigger bull on Ethereum than I am Bitcoin. More uses, usage, and vision. I think that plays out better in the long-term.

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

Posted: Sun Jan 17, 2021 8:09 pm
by GiannisAnte34
jmart762 wrote:Not in here very much, but if you're interested in crypto (we were wild about it in here last cycle) I'm a bigger bull on Ethereum than I am Bitcoin. More uses, usage, and vision. I think that plays out better in the long-term.


Ethereum is great what do you think the forecast could be? I'm thinking about ~3,000 per in a 3 year term

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

Posted: Sun Jan 17, 2021 8:20 pm
by thonnisbeastley
GiannisAnte34 wrote:
jmart762 wrote:Not in here very much, but if you're interested in crypto (we were wild about it in here last cycle) I'm a bigger bull on Ethereum than I am Bitcoin. More uses, usage, and vision. I think that plays out better in the long-term.


Ethereum is great what do you think the forecast could be? I'm thinking about ~3,000 per in a 3 year term

ChainLink > all

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

Posted: Sun Jan 17, 2021 8:47 pm
by drew881
Bucknado wrote:Looking at buying a property in Austin and Airbnbing it. Anyone have experience as a host?


We rent a detached guesthouse on our property in San Antonio. Make about 10-11k a year, mostly hosting people on weekends. I think Austin might have more restrictions than us and might be harder to make up the mortgage costs. Are you planning on turning over the place yourself or hiring cleaners?

A friend bought an 150k house here in San Antonio (900 mortgage/escrow before utilities). He barely makes his money back each month but is building house equity for free.

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

Posted: Sun Jan 17, 2021 11:54 pm
by Lippo
thonnisbeastley wrote:
GiannisAnte34 wrote:
jmart762 wrote:Not in here very much, but if you're interested in crypto (we were wild about it in here last cycle) I'm a bigger bull on Ethereum than I am Bitcoin. More uses, usage, and vision. I think that plays out better in the long-term.


Ethereum is great what do you think the forecast could be? I'm thinking about ~3,000 per in a 3 year term

ChainLink > all


This

0.25 to $23 in a year...future is bright...Link Marines Oorah

Sergey and Vitalek > Jobs and Gates

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

Posted: Sun Jan 17, 2021 11:59 pm
by Lippo
For you stock guys, got in RIOT and MARA around 10, way to get in Crypto indirectly ....