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

[HaroldinGMinor]

Take this from someone who just started with Robinhood. They make it super easy to buy stocks, and that's a good thing and a bad thing.

:

How long did it take Robinhood to approve you? I think I submitted a month ago and am still waiting for approval.

Had same issue. Waited like 2-3 weeks, reached out, and they came back saying couldn't approve. I have a really good credit score, no financial red flags, etc. Kinda weird I thought.

I reached out to them. Same story. What a POS app. They can accept who they want I guess but seems odd to just leave you in purgatory and then not tell you why you didn't get accepted.

[Thunder Muscle]

How long did it take Robinhood to approve you? I think I submitted a month ago and am still waiting for approval.

Had same issue. Waited like 2-3 weeks, reached out, and they came back saying couldn't approve. I have a really good credit score, no financial red flags, etc. Kinda weird I thought.

I reached out to them. Same story. What a POS app. They can accept who they want I guess but seems odd to just leave you in purgatory and then not tell you why you didn't get accepted.

Yeah kinda weird. I did a Google search and seems to happen to others too.

[MickeyDavis]

I signed on when Robinhood first started up and it took awhile to finally get in. There were no checks done of anything, you just had to wait. You could jump up in line by referring others. Not sure how it all works now

[fansinceforever]

I signed on when Robinhood first started up and it took awhile to finally get in. There were no checks done of anything, you just had to wait. You could jump up in line by referring others. Not sure how it all works now

Same experience. Had to wait almost 2 months but was finally approved.

[M-C-G]

XRP down below .70

boo

[vlietinho]

Pretty bad all around, oh well, sit tight

[MartyConlonOnTheRun]

Pretty bad all around, oh well, sit tight

#HODL

I put in $300 and at about $550 (.5 bitcoin/.5 Litcoin). Thinking of cutting my wins/losses and cash flowing some expenses this Spring. It was fun while it lasted but not never took it too seriously. More excited about the technology behind it.

Anyone care to share how much they put in, what they won/loss, and what's their next move?

[vlietinho]

Pretty bad all around, oh well, sit tight

#HODL

I put in $300 and at about $550 (.5 bitcoin/.5 Litcoin). Thinking of cutting my wins/losses and cash flowing some expenses this Spring. It was fun while it lasted but not never took it too seriously. More excited about the technology behind it.

Anyone care to share how much they put in, what they won/loss, and what's their next move?

I put 1k in, bought btc, ltc en eth, and i'm holding (overall down around 25% atm).

I bought those coins after the ''crash'' around christmas, which probably wasnt the smartest thing to do, but I knew upfront it was a gamble. We'll see if it ever recoups, personally I doubt it. Had more money on my coinbase account but transferred it to buy weedstocks, which are down as well

So if anybody needs some investing tips..

[M-C-G]

Pretty bad all around, oh well, sit tight

#HODL

I put in $300 and at about $550 (.5 bitcoin/.5 Litcoin). Thinking of cutting my wins/losses and cash flowing some expenses this Spring. It was fun while it lasted but not never took it too seriously. More excited about the technology behind it.

Anyone care to share how much they put in, what they won/loss, and what's their next move?

I put 1k in, bought btc, ltc en eth, and i'm holding (overall down around 25% atm).

I bought those coins after the ''crash'' around christmas, which probably wasnt the smartest thing to do, but I knew upfront it was a gamble. We'll see if it ever recoups, personally I doubt it. Had more money on my coinbase account but transferred it to buy weedstocks, which are down as well

So if anybody needs some investing tips..

If you went extraction, cultivation, medical or even peripherals (like accessories, consulting services or even Scotts Miracle grow) you had to know that you were in it long before you'd see some returns. Until Canada legalizes recreational, all these things are in a holding pattern. But it has been cool to see companies like Canopy really expand their international reaches, I like that company a lot.

I'm still looking to put more into extraction companies, I was listening to a pod cast with Michael Kind and he had a guest talking about how much money extraction made (very expensive machines that were paid off in months of production), and that the industry some day will be way more around the infusion of cannabis then it will be people that smoke it traditionally (plus the entire medical industry will be using oils I'd assume). That means highly profitable, huge demand for oil extractions, which the ones I have seen are all trading between 1-2 a share right now.

The trick is picking the right ones. Radient for sure, as Aurora bought a share of them, Canopy partners with Valens Groworks, but still looking to see if there is a larger player in that space that is going to explode come this fall.

[vlietinho]

#HODL

I put in $300 and at about $550 (.5 bitcoin/.5 Litcoin). Thinking of cutting my wins/losses and cash flowing some expenses this Spring. It was fun while it lasted but not never took it too seriously. More excited about the technology behind it.

Anyone care to share how much they put in, what they won/loss, and what's their next move?

I put 1k in, bought btc, ltc en eth, and i'm holding (overall down around 25% atm).

I bought those coins after the ''crash'' around christmas, which probably wasnt the smartest thing to do, but I knew upfront it was a gamble. We'll see if it ever recoups, personally I doubt it. Had more money on my coinbase account but transferred it to buy weedstocks, which are down as well

So if anybody needs some investing tips..

If you went extraction, cultivation, medical or even peripherals (like accessories, consulting services or even Scotts Miracle grow) you had to know that you were in it long before you'd see some returns. Until Canada legalizes recreational, all these things are in a holding pattern. But it has been cool to see companies like Canopy really expand their international reaches, I like that company a lot.

I'm still looking to put more into extraction companies, I was listening to a pod cast with Michael Kind and he had a guest talking about how much money extraction made (very expensive machines that were paid off in months of production), and that the industry some day will be way more around the infusion of cannabis then it will be people that smoke it traditionally (plus the entire medical industry will be using oils I'd assume). That means highly profitable, huge demand for oil extractions, which the ones I have seen are all trading between 1-2 a share right now.

The trick is picking the right ones. Radient for sure, as Aurora bought a share of them, Canopy partners with Valens Groworks, but still looking to see if there is a larger player in that space that is going to explode come this fall.

Yeah, I know I am in for the long hole, in fact I bought some more Canopy last week. I guess a lot of those smaller companies will be taken over by bigger players later on. Well see how that develops

I now just let it ride at least until legalisation

[MAC1987]

I don't normally post but I started investing into Crypto around mid-2017. I've invested a total of about 22k including taxes from 2017. I've been through some serious ups and downs. But I am lucky enough to have never gone negative. In these big dips I'm usually still up 25% or more (its tough to value some coins when they are not technically on the market yet).
I believe in this technology which is why I will never sell. There are so many applications that this can be applied to that it WILL be in our lives in some way.
Crypto is completely recreating all internet companies (Facebook, google, StubHub, UBER etc), websites, applications, etc. It's exactly like the .com era.
When the media bashes it, Facebook bans it, google bans it, Banks say its a fraud, etc they are trying to scare normal people out of it.
Don't take this as investing advice, do your own research
Last note, Arizona is considering accepting Bitcoin for Taxes on Capital Gains. The Iowa City of Commerce is also considering accepting Bitcoin.

[jschligs]

Pretty bad all around, oh well, sit tight

#HODL

I put in $300 and at about $550 (.5 bitcoin/.5 Litcoin). Thinking of cutting my wins/losses and cash flowing some expenses this Spring. It was fun while it lasted but not never took it too seriously. More excited about the technology behind it.

Anyone care to share how much they put in, what they won/loss, and what's their next move?

Put in $2k pretty early on. Had a few mistakes trying to play the alt-coin game, then moved on to only BTC, ETH and LTC. When I finally pulled out I was at about $9k and haven't thought about getting back in since it hasn't been looking good.

[crkone]

On Tuesday, a 15-year-old from the UK proved these claims wrong. In a post published to his personal blog, Saleem Rashid demonstrated proof-of-concept code that had allowed him to backdoor the Ledger Nano S, a $100 hardware wallet that company marketers have said has sold by the millions. The stealth backdoor Rashid developed is a minuscule 300-bytes long and causes the device to generate pre-determined wallet addresses and recovery passwords known to the attacker. The attacker could then enter those passwords into a new Ledger hardware wallet to recover the private keys the old backdoored device stores for those addresses.

https://arstechnica.com/information-technology/2018/03/a-tamper-proof-currency-wallet-just-got-trivially-backdoored-by-a-15-year-old/

[REDDzone]

I haven't personally purchased a hardware wallet, my cold storage has always worked just fine for me. That said, I always heard the trezor was the way to go over the nano. Seems like the guys big into the BTC world always use trezor (Andreas, etc.). I could be wrong about that or things may have changed.

[midranger]

Market getting pounded after another rate hike. Gross. May be a good time to fund you 401k though.

[Nowak008]

Market getting pounded after another rate hike. Gross. May be a good time to fund you 401k though.

Housing prices are crazy right now. My wife got a job at SC Johnson and we are looking to move back to Racine... and it's hard to find anything that's good for under 300k.

[M-C-G]

I haven't personally purchased a hardware wallet, my cold storage has always worked just fine for me. That said, I always heard the trezor was the way to go over the nano. Seems like the guys big into the BTC world always use trezor (Andreas, etc.). I could be wrong about that or things may have changed.

I can barely store my XRP in a penny jar these days

[HaroldinGMinor]

Stocks back to what they were around Thanksgiving.

[ackypoo]

Market getting pounded after another rate hike. Gross. May be a good time to fund you 401k though.

Housing prices are crazy right now. My wife got a job at SC Johnson and we are looking to move back to Racine... and it's hard to find anything that's good for under 300k.

there has to be a drop soon right?

all these old timers are going to start dropping dead or at the very least, leaving their houses?

[REDDzone]

I haven't personally purchased a hardware wallet, my cold storage has always worked just fine for me. That said, I always heard the trezor was the way to go over the nano. Seems like the guys big into the BTC world always use trezor (Andreas, etc.). I could be wrong about that or things may have changed.

I can barely store my XRP in a penny jar these days

Sorry broseph, I'd never touch the stuff.