I dont know about housing crash/corection with the fed printing money like there is no tomorrow.Zillow? Interesting. I keep hearing about a housing crash/correction coming soon
I dont know about housing crash/corection with the fed printing money like there is no tomorrow.Zillow? Interesting. I keep hearing about a housing crash/correction coming soon
Didn’t you get in early on NIO and make a really good return? Or am I thinking of someone else?
I miss BMB…BMB told us about NIO, he got in at single digits. I bought between 11-30 and panic sold around 42-44 last December. Also bought PLTR between 10-21 and panic sold around 27 I think on the same day. They both jumped a bit after that and everyone laughed at me but looking back, I did pretty good. I didn't have a huge amount compared to others here.
My trading account has been flat this year so I just want to buy and hold good stocks now.
Sounds like you have given up the FOMO? That’s good. You will get better returns over decades by not chasing the next meme stock. Good for you!BMB told us about NIO, he got in at single digits. I bought between 11-30 and panic sold around 42-44 last December. Also bought PLTR between 10-21 and panic sold around 27 I think on the same day. They both jumped a bit after that and everyone laughed at me but looking back, I did pretty good. I didn't have a huge amount compared to others here.
My trading account has been flat this year so I just want to buy and hold good stocks now.
Everyone claims they miss him now but where was the love when he was here? It’s easy to miss someone when you don’t have to put up with them.I miss BMB…
Sounds like you have given up the FOMO? That’s good. You will get better returns over decades by not chasing the next meme stock. Good for you!
I find buying companies I really believe in to be a much better experience than just buying whatever hype stock is out there and hoping it goes higher. I have the vast majority of my investments in VTI and SPY and those accounts are killing my brokerage account where I pick stocks.
I do still pick stocks here and there for fun and to have something to discuss with other stock pickers but it’s tough to beat a good index.
Buffet says he has a 1-800 number he calls every time he thinks about investing in airlines. When he calls he says he is a recovering addict and they talk him down from making the same mistake. Maybe you need that for stock picking?Yeah after a year of FOMO buying I've decided it's not worth it. I keep telling myself that I should just index cause I can't beat VTI. Then I get addicted to watching stocks again. It's a vicious cycle.
At the end of 2020, I changed 2/3s of my Roth IRA into tech growth stocks. INSTANT REGRETYeah after a year of FOMO buying I've decided it's not worth it. I keep telling myself that I should just index cause I can't beat VTI. Then I get addicted to watching stocks again. It's a vicious cycle.
Ouch. Sorry my friend. An expensive lesson but a good one.At the end of 2020, I changed 2/3s of my Roth IRA into tech growth stocks. INSTANT REGRET
Buying VTI is the way to go, holding a bunch of tech stocks is like buying into a diversified meme index fund
I loved him while he was here, and thoroughly enjoyed his insults. Sure it’s against the rules/standards of the forum, but still extremely entertaining.Everyone claims they miss him now but where was the love when he was here? It’s easy to miss someone when you don’t have to put up with them.
All he did was insult people and tell them they wouldn’t be able to own a home with student debt.
Sounds like you have given up the FOMO? That’s good. You will get better returns over decades by not chasing the next meme stock. Good for you!
I find buying companies I really believe in to be a much better experience than just buying whatever hype stock is out there and hoping it goes higher. I have the vast majority of my investments in VTI and SPY and those accounts are killing my brokerage account where I pick stocks.
I do still pick stocks here and there for fun and to have something to discuss with other stock pickers but it’s tough to beat a good index.
Hadn’t heard of it but interesting concept.Anyone like SARK, the anti ARKK ETF? I opened a position just now.
I said something similar at the time. I know Robinhood got a LOT of flack for limiting trading but I always supposed they saved a lot of people from losing a lot of money. I can’t say if that was their goal but I wouldn’t be surprised if it was.( I was pissed because robinhood limited their members to can only buy maximum of 5 shares at that time due to the volatility lol and that turned out to saving my butt).
I said something similar at the time. I know Robinhood got a LOT of flack for limiting trading but I always supposed they saved a lot of people from losing a lot of money. I can’t say if that was their goal but I wouldn’t be surprised if it was.
Everyone claims they miss him now but where was the love when he was here? It’s easy to miss someone when you don’t have to put up with them.
All he did was insult people and tell them they wouldn’t be able to own a home with student debt.
My Vanguard 401k is 100% in VIIIX (tracks the S&P 500)He did start this thread after all, the greatest thread in SDN pharmacy forum history. These instabans are kinda harsh. People should be given a second/third chance before being permanently banned
On another note, does anyone have large cap growth index in 401k or do you guys stick with a plain total stock market/S&P/large cap index?
It wasn’t an instaban. He was given WAY more than 3 warnings.He did start this thread after all, the greatest thread in SDN pharmacy forum history. These instabans are kinda harsh. People should be given a second/third chance before being permanently banned
On another note, does anyone have large cap growth index in 401k or do you guys stick with a plain total stock market/S&P/large cap index?
I agree that Tesla is leading the pack and will continue to do so, since EVs are their thing…AAPL is the way to go now. They will probably be the only player competing with Tesla in the electric car market in 5-10 yrs.
AAPL is the way to go now. They will probably be the only player competing with Tesla in the electric car market in 5-10 yrs.
Tesla is clearly the leader of EVs, but how many people can afford Tesla?
Tesla did not have the model 3 (cheapest model) 12+ yrs ago. I think there will be even cheaper models (< 35k) in a few yrs.I agree that Apple is the way to go, or Microsoft. Those two have been 1a and 1b for 20 years.
Tesla is clearly the leader of EVs, but how many people can afford a Tesla? Nearly everyone in the world with disposable income has their own iPhone or uses Windows. Not everyone needs or wants a $40k+ vehicle. One of my richest friends still drives a 2005 Mustang that he bought for $5k used over a decade ago. So to someone like him, he would never be a Tesla customer. But he gets a new iPhone or laptop every few years.
Isn't gen Z moving away from owning vehicles? I heard less people are getting their driver's license. Many people in places like NYC don't even know how to drive. They prefer to use Uber.
Tesla was founded in 2003 yet they have only been profitable recently. The challenge is being able to MANUFACTURE and SCALE. I think the company almost went bankrupt twice. I agree that AAPL and MSFT are amazing companies... but nowhere close to TSLA when it comes to manufacturing cars.I agree that Apple is the way to go, or Microsoft. Those two have been 1a and 1b for 20 years.
Tesla is clearly the leader of EVs, but how many people can afford a Tesla? Nearly everyone in the world with disposable income has their own iPhone or uses Windows. Not everyone needs or wants a $40k+ vehicle. One of my richest friends still drives a 2005 Mustang that he bought for $5k used over a decade ago. So to someone like him, he would never be a Tesla customer. But he gets a new iPhone or laptop every few years.
Isn't gen Z moving away from owning vehicles? I heard less people are getting their driver's license. Many people in places like NYC don't even know how to drive. They prefer to use Uber.
Good question… and when apple finally introduces the “iCar” how affordable do you think they’ll be?
Or do you think apple’s EV might actually be an affordable alternative to Tesla and others?
I’m really not hating on apple, just playing devils advocate. I’m an iPhone user, and I wouldn’t trust an apple car (yet).
Tesla was founded in 2003 yet they have only been profitable recently. The challenge is being able to MANUFACTURE and SCALE. I think the company almost went bankrupt twice. I agree that AAPL and MSFT are amazing companies... but nowhere close to TSLA when it comes to manufacturing cars.
In 5-10 years I'd expect TSLA's numbers of car production continue to rise and price to drop. They want to make their cars affordable to the masses.
These millennials will be 40+ with money in the next 10+ yrs. AAPL will be the stock (along my S&P500 index) that got me completely retired in 10 yrs.I don't know why Apple wants to make an EV to be honest. They're doing fine without one.
My point is EV is a niche market. You have old ladies using iPhones but they won't be buying a Tesla. Boomers don't want to change, my neighbor just bought a 67 Shelby GT replica. I'm the only one on my block who uses an electric lawnmower. They see that it's quiet, has no emissions, and no maintenance. Yet none of them have upgraded, they still use their loud, stinky, high maintenance gas lawnmowers. They also scoff at solar panels.
So you have millennials and gen Z left, who mostly can't afford an EV. I just don't see the need for the masses to buy a new luxury car. Toyota sold 10mil vehicles last year, will Tesla sell that many in 5-10 years? You can get a new Corolla for under 20k or a used one for under 5k and it will last many years. Heck I'm still driving a 12 year old Accord, I never felt the need to upgrade.
I don't know why Apple wants to make an EV to be honest. They're doing fine without one.
My point is EV is a niche market. You have old ladies using iPhones but they won't be buying a Tesla. Boomers don't want to change, my neighbor just bought a 67 Shelby GT replica. I'm the only one on my block who uses an electric lawnmower. They see that it's quiet, has no emissions, and no maintenance. Yet none of them have upgraded, they still use their loud, stinky, high maintenance gas lawnmowers. They also scoff at solar panels.
So you have millennials and gen Z left, who mostly can't afford an EV. I just don't see the need for the masses to buy a new luxury car. Toyota sold 10mil vehicles last year, will Tesla sell that many in 5-10 years? You can get a new Corolla for under 20k or a used one for under 5k and it will last many years. Heck I'm still driving a 12 year old Accord, I never felt the need to upgrade.
Toyota to invest $13.6bn in batteries for EVs and hybrids by 2030
Japan automaker likely to invest in China and US as it nurtures eco-friendlinessasia.nikkei.com
Nissan to invest nearly $18 billion to speed electric car rollout
Japanese automaker to introduce 23 new models, including 15 EVsasia.nikkei.com
VW boosts investment in electric and autonomous car technology to $86 billon
Volkswagen has raised its planned investment on digital and electric vehicle technologies to 73 billion euros ($86 billion) over the next five years as it seeks to hold onto its crown as the world's largest carmaker in a new green era.www.reuters.com
Honda aims for 100% electric vehicles by 2040, says new CEO
Honda Motor Co (7267.T) is aiming to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040, chief executive Toshihiro Mibe said on Friday.www.reuters.com
We'll see how it goes in 10 years Also.. gas prices ain't getting cheaper nowadays..
I think I am a pretty big Tesla bear, especially since the valuation is nonsensical, but I actually think that is a bit unfair. They poured all their cash into growing their business, which has been a successful strategy for them. They almost certainly could have booked profit much earlier if they were content with being a small niche manufacturer.Tesla was founded in 2003 yet they have only been profitable recently.
I must be in a contrarian mode tonight because I wonder when gas prices got cheaper in the past and if the price for electricity is getting lower currently.We'll see how it goes in 10 years Also.. gas prices ain't getting cheaper nowadays..
I must be in a contrarian mode tonight because I wonder when gas prices got cheaper in the past and if the price for electricity is getting lower currently.
Uhh doesn’t gas prices being lower last year and lower when Obama was in office indicate that they go up year over year? I don’t recall them ever going down except as they fluctuate day to day or month to month.My electric bill goes up every year, but sometimes gas costs less each year. I remember it was $2/gal like a year ago, and even $1/gal when Obama was in office.
Uhh doesn’t gas prices being lower last year and lower when Obama was in office indicate that they go up year over year? I don’t recall them ever going down except as they fluctuate day to day or month to month.
Also I do not think gas was $2/gallon last year. Perhaps you meant below $3 or in the 2s, which may be accurate. Likely the same for Obama-era gas (which of course would mean an 8 year period), I doubt gas was ever $1/gallon then but maybe 1.xx/gallon.
I remember when gas was less than $1/gallon, although I don’t recall if I ever bought it for that cheap.
“The best explanation for the good ole days is a bad memory”
Wow $1.49 is great! I stand corrected.I actually have photos from my phone LoL. It was 1.49 in my area last year.
You are right, it was never $1 since the Clinton days. However gas was 1.99 in my area in 2015. So it did go from 3.XX in the early 2010s to 1.99 in 2015 to 1.49 in 2020 in some places.
Wow $1.49 is great! I stand corrected.
As for the rest, are those prices from the same time of year? Or comparing the high of one year to the low of a different year?
I mean it’s no secret that it trends up over time. I don’t think anyone expects the price to go down and stay down over time.
TSLA will have some competition and I think a company like AAPL with a big balance sheet will be in a great position to compete with them.TSLA under 1k again. Are you guys buying?
TSLA will have some competition and I think a company like AAPL with a big balance sheet will be in a great position to compete with them.
I could see a steadily increase in MSFT. I dont see a big upswing like I see in AAPL. I have 10% of my stock portfolio in Zillow. Maybe it should be in MSFT.Do you like MSFT? I see a lot of people own both AAPL and MSFT.
I could see a steadily increase in MSFT. I dont see a big upswing like I see in AAPL. I have 10% of my stock portfolio in Zillow. Maybe it should be in MSFT.
It is. I just want to believe it will go back to being $200/share again.Zillow seems so random to me in a two fund portfolio.
It is. I just want to believe it will go back to being $200/share again.
My portfolio is pretty much physical real estate, S&P index, AAPL, and 10% of Zillow as a play money.
Lol yea right.TSLA will have some competition and I think a company like AAPL with a big balance sheet will be in a great position to compete with them.
What are you wanting to buy?Wish I had cash to buy more This discount is crazy!
Probably gonna start using margin on my next buy
TSLAWhat are you wanting to buy?