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

[MickeyDavis]

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?

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.

[MickeyDavis]

I just got notified that I can now buy/sell crypto (Bitcoin and Ethereum) on Robinhood with no commission. I have no plans to do so now, I'm not adding any crypto to what I already have but it's nice to have a no commission/fee option.

[humanrefutation]

I just got notified that I can now buy/sell crypto (Bitcoin and Ethereum) on Robinhood with no commission. I have no plans to do so now, I'm not adding any crypto to what I already have but it's nice to have a no commission/fee option.

Got the same notification. Too bad there aren't more options other than Bitcoin and Ethereum. I wouldn't mind taking a bite into something really cheap.

[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.

I randomly got an email today saying I'm approved. Weird.

[HaroldinGMinor]

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.

I randomly got an email today saying I'm approved. Weird.

yeah, they've been asking for additional information from me too.

[Gianstoppable]

We bought a foreclosure in Eagle for 100k and stuck 30k into a remodel and we got an offer from an interested buyer for 190 and it was our neighbors house for sale, he thought it was ours haha

[Gant]

It means something that this thread is lopsidedly about cryptocurrencies, with relatively little talk of stocks, and practically nothing about index funds and ETFs.

[MartyConlonOnTheRun]

It means something that this thread is lopsidedly about cryptocurrencies, with relatively little talk of stocks, and practically nothing about index funds and ETFs.

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)

[jschligs]

It means something that this thread is lopsidedly about cryptocurrencies, with relatively little talk of stocks, and practically nothing about index funds and ETFs.

I don't touch most of my portfolio like I do crypto and stocks and so I talk on what I'm actually doing most. Crypto is my high risk/high reward portion that in all honesty, I can afford to lose. If I couldn't afford to lose it I wouldn't have it in crypto at all.

[Gant]

It means something that this thread is lopsidedly about cryptocurrencies, with relatively little talk of stocks, and practically nothing about index funds and ETFs.

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.

[M-C-G]

It means something that this thread is lopsidedly about cryptocurrencies, with relatively little talk of stocks, and practically nothing about index funds and ETFs.

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.

[HaroldinGMinor]

I treat crypto like I treat gambling - only put in what you are willing to lose 100%. As for index funds, they are the best investment vehicle for the vast majority of people. I don't think fees get talked about enough but that alone makes them a significantly better bet than most funds. BUT....if you have time and can do research and are patient enough to let a proven plan run it's course through good times and bad you can do much better than index funds. Thing is, not everyone can do this.

[crkone]

https://ca.finance.yahoo.com/news/aurora-cannabis-buy-medreleaf-stock-110954788.html

Aurora Cannabis Inc. has inked a friendly deal to acquire MedReleaf Corp. in an all-stock transaction valued at $3.2 billion, creating a company capable of producing more than 570,000 kilograms of marijuana per year.

Current shareholders of Aurora — one of the Canadian cannabis industry's major consolidators — would own 61 per cent of the combined company and MedReleaf shareholders would own about 39 per cent.

The deal implies a price of $29.44 per MedReleaf common share, 18 per cent above the Friday closing price of $24.90.

[M-C-G]

https://ca.finance.yahoo.com/news/aurora-cannabis-buy-medreleaf-stock-110954788.html

Aurora Cannabis Inc. has inked a friendly deal to acquire MedReleaf Corp. in an all-stock transaction valued at $3.2 billion, creating a company capable of producing more than 570,000 kilograms of marijuana per year.

Current shareholders of Aurora — one of the Canadian cannabis industry's major consolidators — would own 61 per cent of the combined company and MedReleaf shareholders would own about 39 per cent.

The deal implies a price of $29.44 per MedReleaf common share, 18 per cent above the Friday closing price of $24.90.

I suspect in about 5 years it is going to be like Coke and Pepsi, with Canopy surely being one of the two. Everyone else will be gobbled up and then you will have a couple Bear Colas and Seagrams Ginger Ales out there as niche players.

[vlietinho]

Looks like the weedstocks are finally on the up again. I'm still in the red though (exept Canopy)
Hopefully they keep going up towards legalization and keep rallying

[M-C-G]

Looks like the weedstocks are finally on the up again. I'm still in the red though (exept Canopy)
Hopefully they keep going up towards legalization and keep rallying

Yeah Canopy filing for listing on the NYSE is seeing a surge right now, but that countdown to the June 7th announcement is going to be really interesting to see what happens to the prices. Then I suspect a second wave in August when it is actually legal, then probably some regression until people see earnings calls after a full fiscal year. That's the optimistic investor in me anyway.

[MickeyDavis]

https://www.msn.com/en-us/money/companies/jim-beam-heir-turns-to-pot-with-plan-for-cannabis-empire/ar-AAxfql4?li=BBnb7Kz&ocid=mailsignout

[HurricaneKid]

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?

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.

Good luck with that. Quality builders have more business than they can deal with. Which means they can price significantly higher than the normal RE market.

And good luck with renos for the same reason.

I do think this market is completely unsustainable. Rates are going up and it is largely built on the back of a housing shortage created by the abject lack of housing starts from 2008-2013. But houses are being built all over at a rapid rate. So if supply corrects and rates go up you have a real issue.

[M-C-G]

https://www.msn.com/en-us/money/companies/jim-beam-heir-turns-to-pot-with-plan-for-cannabis-empire/ar-AAxfql4?li=BBnb7Kz&ocid=mailsignout

I suspect you will be hearing this a lot, many different types of companies are going to be dipping their toe into CBD products, not just medicinal and not just people smoking big blunts. That is where oil extraction companies are going to be making heaps of money. I've read the machines are quite expensive but the amount of money that CBD oil is going for, they can pay off the machine quickly and get cash flow positive.

[ReasonablySober]

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