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

[engelmartin]

This is so good:

Watch on YouTube

Right after he shed a light on the EOS guy, EOS surged up to $20.00. No publicity is bad publicity!

[bizarro]

This is so good:

Watch on YouTube

Right after he shed a light on the EOS guy, EOS surged up to $20.00. No publicity is bad publicity!

The thing is Eos is a legit project. The founder of rhe technology is a proven bad ass. And, after that roasting that guy was fired. Before eos rocketed to $20 it was buyable in the dip at $5.86. It’s ALL timing.

[BuckHole]

Canopy (CGC) is now on NYSE and available to buy on Robinhood.

[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

Big week for all the Weedvestors out there, let's see what happens!

[Gant]

Here's a great article. The Psychology of Money, Jun 1, 2018, by Morgan Housel. It has tons of insights.

The first few paragraphs:

Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way.

Grace Groner was orphaned at age 12. She never married. She never had kids. She never drove a car. She lived most of her life alone in a one-bedroom house and worked her whole career as a secretary. She was, by all accounts, a lovely lady. But she lived a humble and quiet life. That made the $7 million she left to charity after her death in 2010 at age 100 all the more confusing. People who knew her asked: Where did Grace get all that money?

But there was no secret. There was no inheritance. Grace took humble savings from a meager salary and enjoyed eighty years of hands-off compounding in the stock market. That was it.

Weeks after Grace died, an unrelated investing story hit the news.

Richard Fuscone, former vice chairman of Merrill Lynch’s Latin America division, declared personal bankruptcy, fighting off foreclosure on two homes, one of which was nearly 20,000 square feet and had a $66,000 a month mortgage. Fuscone was the opposite of Grace Groner; educated at Harvard and University of Chicago, he became so successful in the investment industry that he retired in his 40s to “pursue personal and charitable interests.” But heavy borrowing and illiquid investments did him in. The same year Grace Goner left a veritable fortune to charity, Richard stood before a bankruptcy judge and declared: “I have been devastated by the financial crisis … The only source of liquidity is whatever my wife is able to sell in terms of personal furnishings.”

The purpose of these stories is not to say you should be like Grace and avoid being like Richard. It’s to point out that there is no other field where these stories are even possible.

...and it goes on from there.


http://www.collaborativefund.com/blog/the-psychology-of-money/

[vlietinho]

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

Making good progress atm

Big week for all the Weedvestors out there, let's see what happens!

Canopy's on fire, above 41 atm, sweeet. Still in hodl mode though

[M-C-G]

Making good progress atm

Big week for all the Weedvestors out there, let's see what happens!

Canopy's on fire, above 41 atm, sweeet. Still in hodl mode though

The bottom just dropped and it went from being up a dollar to down a dollar in an instant. Interesting.

[vlietinho]

Big week for all the Weedvestors out there, let's see what happens!

Canopy's on fire, above 41 atm, sweeet. Still in hodl mode though

The bottom just dropped and it went from being up a dollar to down a dollar in an instant. Interesting.

Should have sold all and buy back 10 mins later
Trading volume is pretty amazing

[MartyConlonOnTheRun]

Here's a great article. The Psychology of Money, Jun 1, 2018, by Morgan Housel. It has tons of insights.

The first few paragraphs:

Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way.

Grace Groner was orphaned at age 12. She never married. She never had kids. She never drove a car. She lived most of her life alone in a one-bedroom house and worked her whole career as a secretary. She was, by all accounts, a lovely lady. But she lived a humble and quiet life. That made the $7 million she left to charity after her death in 2010 at age 100 all the more confusing. People who knew her asked: Where did Grace get all that money?

But there was no secret. There was no inheritance. Grace took humble savings from a meager salary and enjoyed eighty years of hands-off compounding in the stock market. That was it.

Weeks after Grace died, an unrelated investing story hit the news.

Richard Fuscone, former vice chairman of Merrill Lynch’s Latin America division, declared personal bankruptcy, fighting off foreclosure on two homes, one of which was nearly 20,000 square feet and had a $66,000 a month mortgage. Fuscone was the opposite of Grace Groner; educated at Harvard and University of Chicago, he became so successful in the investment industry that he retired in his 40s to “pursue personal and charitable interests.” But heavy borrowing and illiquid investments did him in. The same year Grace Goner left a veritable fortune to charity, Richard stood before a bankruptcy judge and declared: “I have been devastated by the financial crisis … The only source of liquidity is whatever my wife is able to sell in terms of personal furnishings.”

The purpose of these stories is not to say you should be like Grace and avoid being like Richard. It’s to point out that there is no other field where these stories are even possible.

...and it goes on from there.


http://www.collaborativefund.com/blog/the-psychology-of-money/

Can't they both be wrong for the average person? It's an amazing thing to leave $7m for charity but unless that is your life's calling, I think she may have been a product of the Great Depression and the save for rainy day generation. To me, she probably never traveled or tried new things. Same simple life for everyday of her 100-year life. On the flip side, Fuscone lived too lavishly. I'm more of the Money Mustache following where you take the time to realize what makes you happiest and how you can leverage money for happiness. Don't be frugal for frugal sake, but have purpose for your money. IE don't drop $75 on a nice dinner 4x a month if you derive more happiness from $1800 Eurotrip twice a year. The point of investing money is not a huge inheritance for your kids, but rather getting the most value(/happiness) for your money IMO

[Gant]

Here's a great article. The Psychology of Money, Jun 1, 2018, by Morgan Housel. It has tons of insights.

The first few paragraphs:

Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way.

Grace Groner was orphaned at age 12. She never married. She never had kids. She never drove a car. She lived most of her life alone in a one-bedroom house and worked her whole career as a secretary. She was, by all accounts, a lovely lady. But she lived a humble and quiet life. That made the $7 million she left to charity after her death in 2010 at age 100 all the more confusing. People who knew her asked: Where did Grace get all that money?

But there was no secret. There was no inheritance. Grace took humble savings from a meager salary and enjoyed eighty years of hands-off compounding in the stock market. That was it.

Weeks after Grace died, an unrelated investing story hit the news.

Richard Fuscone, former vice chairman of Merrill Lynch’s Latin America division, declared personal bankruptcy, fighting off foreclosure on two homes, one of which was nearly 20,000 square feet and had a $66,000 a month mortgage. Fuscone was the opposite of Grace Groner; educated at Harvard and University of Chicago, he became so successful in the investment industry that he retired in his 40s to “pursue personal and charitable interests.” But heavy borrowing and illiquid investments did him in. The same year Grace Goner left a veritable fortune to charity, Richard stood before a bankruptcy judge and declared: “I have been devastated by the financial crisis … The only source of liquidity is whatever my wife is able to sell in terms of personal furnishings.”

The purpose of these stories is not to say you should be like Grace and avoid being like Richard. It’s to point out that there is no other field where these stories are even possible.

...and it goes on from there.


http://www.collaborativefund.com/blog/the-psychology-of-money/

Can't they both be wrong for the average person? It's an amazing thing to leave $7m for charity but unless that is your life's calling, I think she may have been a product of the Great Depression and the save for rainy day generation. To me, she probably never traveled or tried new things. Same simple life for everyday of her 100-year life. On the flip side, Fuscone lived too lavishly. I'm more of the Money Mustache following where you take the time to realize what makes you happiest and how you can leverage money for happiness. Don't be frugal for frugal sake, but have purpose for your money. IE don't drop $75 on a nice dinner 4x a month if you derive more happiness from $1800 Eurotrip twice a year. The point of investing money is not a huge inheritance for your kids, but rather getting the most value(/happiness) for your money IMO

I completely agree. The two people above do serve as examples that are very important to learn from though.

There so much stuff in this article. Here are few good paragraphs:

It helps, I’ve found, when making money decisions to constantly remind yourself that the purpose of investing is to maximize returns, not minimize boredom. Boring is perfectly fine. Boring is good. If you want to frame this as a strategy, remind yourself: opportunity lives where others aren’t, and others tend to stay away from what’s boring.

I have heard many people say the first time they saw a compound interest table – or one of those stories about how much more you’d have for retirement if you began saving in your 20s vs. your 30s – changed their life. But it probably didn’t. What it likely did was surprise them, because the results intuitively didn’t seem right. Linear thinking is so much more intuitive than exponential thinking. Michael Batnick once explained it. If I ask you to calculate 8+8+8+8+8+8+8+8+8 in your head, you can do it in a few seconds (it’s 72). If I ask you to calculate 8x8x8x8x8x8x8x8x8, your head will explode (it’s 134,217,728).

The danger here is that when compounding isn’t intuitive, we often ignore its potential and focus on solving problems through other means. Not because we’re overthinking, but because we rarely stop to consider compounding potential.

The counterintuitiveness of compounding is responsible for the majority of disappointing trades, bad strategies, and successful investing attempts. Good investing isn’t necessarily about earning the highest returns, because the highest returns tend to be one-off hits that kill your confidence when they end. It’s about earning pretty good returns that you can stick with for a long period of time. That’s when compounding runs wild.

Singer Rihanna nearly went broke after overspending and sued her financial advisor. The advisor responded: “Was it really necessary to tell her that if you spend money on things, you will end up with the things and not the money?”

You can laugh. But the truth is, yes, people need to be told that. When most people say they want to be a millionaire, what they really mean is “I want to spend a million dollars,” which is literally the opposite of being a millionaire. This is especially true for young people.

A lot of important basics are in this article. I apologize for interrupting the discussion of crypto currencies and marijuana stocks.

[M-C-G]

Canopy's on fire, above 41 atm, sweeet. Still in hodl mode though

The bottom just dropped and it went from being up a dollar to down a dollar in an instant. Interesting.

Should have sold all and buy back 10 mins later
Trading volume is pretty amazing

I scraped together a little bit more coin and bought at its low today and was back up by the end of the day.

[M-C-G]

Making good progress atm

Big week for all the Weedvestors out there, let's see what happens!

Canopy's on fire, above 41 atm, sweeet. Still in hodl mode though

Week has been very nice for Canopy, Aphria, Aurora and my beloved Radient Technologies.

[vlietinho]

Big week for all the Weedvestors out there, let's see what happens!

Canopy's on fire, above 41 atm, sweeet. Still in hodl mode though

Week has been very nice for Canopy, Aphria, Aurora and my beloved Radient Technologies.

Yeah, and Cronos as well, curious how it all will unfold the next couple of days

[M-C-G]

Yeah, and Cronos as well, curious how it all will unfold the next couple of days

I think there will be some more action, because that will allow financial institutions (I believe) to start investing in them or certainly make them more likely to do so given the potential growth of the industry. Hoping MJ ETF is a big beneficiary of the vote because that seems like a fund that a lot of people would want in their portfolio if they wanted some exposure but wanted to limit their risk.

But regardless, I would assume on the whole most of those stocks will be set in motion on their upward trajectory for the foreseeable future.

[vlietinho]

Yeah, and Cronos as well, curious how it all will unfold the next couple of days

I think there will be some more action, because that will allow financial institutions (I believe) to start investing in them or certainly make them more likely to do so given the potential growth of the industry. Hoping MJ ETF is a big beneficiary of the vote because that seems like a fund that a lot of people would want in their portfolio if they wanted some exposure but wanted to limit their risk.

But regardless, I would assume on the whole most of those stocks will be set in motion on their upward trajectory for the foreseeable future.

Trading in Aphria now halted pending 'news'..

[M-C-G]

Yeah, and Cronos as well, curious how it all will unfold the next couple of days

I think there will be some more action, because that will allow financial institutions (I believe) to start investing in them or certainly make them more likely to do so given the potential growth of the industry. Hoping MJ ETF is a big beneficiary of the vote because that seems like a fund that a lot of people would want in their portfolio if they wanted some exposure but wanted to limit their risk.

But regardless, I would assume on the whole most of those stocks will be set in motion on their upward trajectory for the foreseeable future.

Trading in Aphria now halted pending 'news'..

https://globenewswire.com/news-release/2018/06/06/1518025/0/en/Aphria-Announces-225-Million-Bought-Deal.html

I'm not sure why they would do this deal now right before the vote, seems odd, this basically fixes the stock price until June 28th, I would think anyway.

[vlietinho]

I think there will be some more action, because that will allow financial institutions (I believe) to start investing in them or certainly make them more likely to do so given the potential growth of the industry. Hoping MJ ETF is a big beneficiary of the vote because that seems like a fund that a lot of people would want in their portfolio if they wanted some exposure but wanted to limit their risk.

But regardless, I would assume on the whole most of those stocks will be set in motion on their upward trajectory for the foreseeable future.

Trading in Aphria now halted pending 'news'..

https://globenewswire.com/news-release/2018/06/06/1518025/0/en/Aphria-Announces-225-Million-Bought-Deal.html

I'm not sure why they would do this deal now right before the vote, seems odd, this basically fixes the stock price until June 28th, I would think anyway.

Dont understand the timing either, but might be good thing in the long run
It might not matter for tomorrow either, who knows

[M-C-G]

Trading in Aphria now halted pending 'news'..

https://globenewswire.com/news-release/2018/06/06/1518025/0/en/Aphria-Announces-225-Million-Bought-Deal.html

I'm not sure why they would do this deal now right before the vote, seems odd, this basically fixes the stock price until June 28th, I would think anyway.

Dont understand the timing either, but might be good thing in the long run
It might not matter for tomorrow either, who knows

Yeah, this is way over my head now

[vlietinho]

The legalize bill has passed in Canada. I'm of to the Lambo dealership

[M-C-G]

The legalize bill has passes in Canada. I'm of to the Lambo dealership

And all the weed stocks are DOWNNNNNNNNNNNNNNNNN, that is some unexpected **** right there.