The Investment Thread (stocks, bonds, real estate, retirement, just not gold)

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NIO is on fire...

I was shocked since I have not checked the market for over a week...
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wazoodog said:
If you want something to look into a potentially exciting and relatively derisked stock (for a startup biotech/pharma)...let me know what you think of Aurinia.
Click to expand...

Anyone else have this AUPH?

I did a search and saw that confetti mentioned being long on it back in 2017. I'm long as well...held since it was 5 soon after Ph2 results and kept increasing my position along the way so it's at about 2204 shares at 8. There was a good run last December after Ph3 topline data was released, but long periods without much action in between those bumps up - hoping for FDA approval in January. Positive results from their second indication before then would be a nice bonus (or a buyout from big pharma).

But...with biotech/pharma startups who knows. Anything can happen.
 
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Splenda88 said:
NIO is on fire...

I was shocked since I have not checked the market for over a week...
Click to expand...

The market has been red the past 3 days but NIO has been green this whole time. Amazon, Apple, Microsoft all down. NIO is single handedly keeping my taxable account in the green this week.

What's great is that many of its shareholders are long term investors so it has great support levels without much volatility. It may drop a bit after the daytraders take profits, but will stay at that level for weeks. First it held strong at $11, then $15, then $18, then $21, and now $28.
 
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mentos said:
The market has been red the past 3 days but NIO has been green this whole time. Amazon, Apple, Microsoft all down. NIO is single handedly keeping my taxable account in the green this week.

What's great is that many of its shareholders are long term investors so it has great support levels without much volatility. It may drop a bit after the daytraders take profits, but will stay at that level for weeks. First it held strong at $11, then $15, then $18, then $21, and now $28.
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I bought it when it was $18 and will keep it until it reaches ~$100
 
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Splenda88 said:
I was planning to buy more but I think $28 is too high.
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NIO is still in infancy stage. If you believed in the company at $18 then why wouldn't you believe in it at $28? When it reaches $100 or more, you'll wish you could have bought more at $28.
 
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msweph said:
Any ideas for the next turn about play?

Thinking of some recents
GME - msft partnership
BBBY - digital
GoPRO - more subscribers than expected
LB, GROUPON - not sure

I risked 100 bucks each on a 2022 Macy's and AMC calls (right to buy 100 shares). Trying to think if there are any other companies for a big turn around.
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Rost. Rl. Hilton. Algn.
 
Not bad at all.

I'd have gotten just $1.7/week in interest if I stayed with Ally bank. Lucky this week

Screenshot_20201018-194823.jpg
 
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Twentytwelve2 said:
Investing and Savings account is not the same thing
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Obviously. But we were talking about investing a few thousand which he considered pennies. Here he is taking about making $18 in a savings account.
 
mentos said:
Obviously. But we were talking about investing a few thousand which he considered pennies. Here he is taking about making $18 in a savings account.
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I keep my emergency savings around 15-20k. Got $2M+ in taxable + 401k combined. I don't have a lot of side cash at all. No reason to dip your toes in the water when your investment horizon is 35 yrs away.

Pretty stoked to make $18 a week lotto win with 15k balance.
 
The number 1 reason the market hasn't collapsed yet is there's no where else to go. Give me 5% guaranteed anywhere and I'd move my entire account there.

A million dollars alone changes by $18 every 0.0018% change in the market. It takes 36 years to double your money earning 2%.
 
wagrxm2000 said:
The number 1 reason the market hasn't collapsed yet is there's no where else to go. Give me 5% guaranteed anywhere and I'd move my entire account there.

A million dollars alone changes by $18 every 0.0018% change in the market. It takes 36 years to double your money earning 2%.
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In comparison to what? 0.01% with Bank of America?

Don't fight the fed, that's why I have 99% in stocks.
 
Momus said:
I keep my emergency savings around 15-20k. Got $2M+ in taxable + 401k combined. I don't have a lot of side cash at all. No reason to dip your toes in the water when your investment horizon is 35 yrs away.

Pretty stoked to make $18 a week lotto win with 15k balance.
Click to expand...

What is average lotto win amount? My reward checking account gets 3% up to 15k. That's $450/year or $8.65/week.
 
mentos said:
What is average lotto win amount? My reward checking account gets 3% up to 15k. That's $450/year or $8.65/week.
Click to expand...
I'd keep that checking account if I were you.

I don't really use a checking account because to get 3% I normally have to give up earning rewards in my credit card "the gotcha". Most purchases are made with credit card (more protection). Otherwise, I'll keep money in 3% checking account.

Yotta savings average % is 1.6%-2%, and a very miniscule chance of winning a 10M. It scratches an itch of me going out to a gas station and buy $5 Powerball + supper lotto + megamillons. This costs nothing.
 
FOMO NIO. I put in a 5500 market order on nio this morning.
 
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I grabbed 197 shares at 28.126. Plan on holding until neo is at $500 plus a share.
 
There was an election in Bolivia. A left wing socialist party was democratically elected into office. They have huge lithium deposits that they aren't going to let corporate interests just have. I wonder if this will affect battery dependent companies.
 
I have 95% of my assets in Pimco total return fund. It's high quality bonds and is up 6.7% on the year. It is also cheap.
 
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Momus said:
I'd keep that checking account if I were you.

I don't really use a checking account because to get 3% I normally have to give up earning rewards in my credit card "the gotcha". Most purchases are made with credit card (more protection). Otherwise, I'll keep money in 3% checking account.

Yotta savings average % is 1.6%-2%, and a very miniscule chance of winning a 10M. It scratches an itch of me going out to a gas station and buy $5 Powerball + supper lotto + megamillons. This costs nothing.
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How many referrals are you up to on Yotta?
 
msweph said:
Is that a local credit union? I normally keep 8-14k in my checking account depending on paycheck and bill cycles. 3% is much better than mine now. I have a DCU savings account for 5%, but it's only on the first 1k. I use it to pay my car loan with them lol
Click to expand...

Yes local CU. There's many to choose from, check here

Reward Checking Account Rates | High Yield Rewards Checking Accounts

Compare rates on high yield reward checking accounts that offer significantly higher rates than traditional checking accounts.
www.depositaccounts.com www.depositaccounts.com

Most require direct deposit + 10 debit transactions per month so I just reload $1 Amazon gift cards x 10. Some interest rates drop faster than others, luckily mine has stayed at 3% for over 5 years. It was 4-5% before.

redfish955 said:
FOMO NIO. I put in a 5500 market order on nio this morning.
Click to expand...

Never do market orders, you always get a higher price. Just wait a bit and put in a limit order. The stock moves slowly if there isn't any news.
 
MELI reaching all time highs today

A lot of good stocks were picked for the fund.
 
wagrxm2000 said:
MELI reaching all time highs today

A lot of good stocks were picked for the fund.
Click to expand...
my WMT pick has outperformed the SP500. that being said, sell it tomorrow and buy BABA. If dems take control of all 3 branches, they will raise corporate tax and minimum wage which will hurt walmart.
 
PharmDminus said:
my WMT pick has outperformed the SP500. that being said, sell it tomorrow and buy BABA. If dems take control of all 3 branches, they will raise corporate tax and minimum wage which will hurt walmart.
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Will do.

Right at open fine? I'll be at work and wouldn't be able to otherwise until lunch.

Baba also hit all time highs too just so you know.
 
Looks like Baba was bought at 311.43 and Walmart was sold at 143.84.
 
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My algn payed a little bit today. Only had a few shares but still nice.
 
mentos said:
Is NFLX a buy?
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Netflix would have to fall a little more for I to be interested.

2 million new subscribers? Your only looking at about 300 million in new reoccurring yearly revenue.
 
msweph said:
Agree. I'm not into Netflix- too much competition and a lot of their stuff is crap. I only have it for free.

That said, I could consider it for a bounce play this week or next week.
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It wouldn't surprise me if it's back at it's old levels in a month or two
msweph said:
Tesla beat earnings.
T earnings good too. Thank God. That dog **** stock was down 10% from my cost basis.
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Did you see what Tesla is doing though?

"Tesla TSLA, sells regulatory credits to other auto makers who fail to manufacture enough “green” cars to meet federal standards, and they have been selling a lot of them this year. Tesla has collected $1.18 billion in credit sales — with their 100% profit margins — through the past nine months, more than double what it booked in all of 2019."
 
wagrxm2000 said:
It wouldn't surprise me if it's back at it's old levels in a month or two

Did you see what Tesla is doing though?

"Tesla TSLA, sells regulatory credits to other auto makers who fail to manufacture enough “green” cars to meet federal standards, and they have been selling a lot of them this year. Tesla has collected $1.18 billion in credit sales — with their 100% profit margins — through the past nine months, more than double what it booked in all of 2019."
Click to expand...


While the credits are the driver of most of their profit this year, they actually would have posted a profit this past quarter without the credits if they didn't book all of Elon's performance compensation this quarter.

I'm not their biggest fan boy and their evaluation is terrifyingly high, but credit where its due, their production and sales number YoY have been extremely impressive
 
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The more they legalize weed the more yum foods will go up! They own taco bell and kfc.
 
Good day to buy today. I ain't got no money
 
I'm only up 1.5% with APPL now. If I kept GOOGL, it would be up 10%.
 
taxfoundation.org

President Biden’s Campaign Tax Plan

Biden’s tax plan is estimated to raise about $3.33 trillion over the next decade on a conventional basis, and $2.78 trillion after accounting for the reduction in the size of the U.S. economy. While taxpayers in the bottom four quintiles would see an increase in after-tax incomes in 2021...
taxfoundation.org taxfoundation.org

Prepare to some sell off in equities if Biden wins.

People will book profits before long term cap gain tax goes up to 39.6% for income >1M. Corporate tax goes up from 21% to 28%.
 
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Momus said:
taxfoundation.org

President Biden’s Campaign Tax Plan

Biden’s tax plan is estimated to raise about $3.33 trillion over the next decade on a conventional basis, and $2.78 trillion after accounting for the reduction in the size of the U.S. economy. While taxpayers in the bottom four quintiles would see an increase in after-tax incomes in 2021...
taxfoundation.org taxfoundation.org

Prepare to some sell off in equities if Biden wins.

People will book profits before long term cap gain tax goes up to 39.6% for income >1M. Corporate tax goes up from 21% to 28%.
Click to expand...
dems would need to win senate for biden to be able to pass this.
 
Momus said:
taxfoundation.org

President Biden’s Campaign Tax Plan

Biden’s tax plan is estimated to raise about $3.33 trillion over the next decade on a conventional basis, and $2.78 trillion after accounting for the reduction in the size of the U.S. economy. While taxpayers in the bottom four quintiles would see an increase in after-tax incomes in 2021...
taxfoundation.org taxfoundation.org

Prepare to some sell off in equities if Biden wins.

People will book profits before long term cap gain tax goes up to 39.6% for income >1M. Corporate tax goes up from 21% to 28%.
Click to expand...

I actually see a different route. People will not sell and leave it in longer to avoid paying tax.

If you don't need it now, why pay taxes on it? If you did sell where exactly are you putting it under your mattress?

The reason the market is even going up is more spending is expected.

What most likely happens is there is a sell off with an immediate spike in buying.
 
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wagrxm2000 said:
I actually see a different route. People will not sell and leave it in longer to avoid paying tax.

If you don't need it now, why pay taxes on it? If you did sell where exactly are you putting it under your mattress?

The reason the market is even going up is more spending is expected.
Click to expand...
You will wait 4-8 yrs or forever to pay less taxes than this yr if this passes.

Rich people will lock their gain and reset the cost basis now vs. Get taxed double later.
 
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