NVDA is now at $108

[Picaro]

How so? Did you not say my money in NVDA is not “real money”?

No, I made a sarcastic remark about your ridiculous claim. You need to distort it.

Is the equity in my house also not “real money”?

More strawmen. Never said a thing about that, but again you need to keep throwing out bullshit.

 

[Picaro]

Anything below $115 is a good buy. Moderation in all things. Remember you only make money or lose it when you sell.

It pays less than 4 cents a year in dividends. lol it's worth maybe 20 cents a share at best.

 

[Cellblock2429]

It pays less than 4 cents a year in dividends. lol it's worth maybe 20 cents a share at best.

/——/ True. There is a reason certain stocks have low dividends. But, the real money is in the weekly stock options. At The Money call is $3.80 per share, or $380 per contract per year. You can’t always get it to work in your favor, and sometimes the stock will shoot up past your strike price and you would see a greater value without the call, but with practice you get a nice return.
Or, $228 a week with cash secured puts without investing any money.

 

[otto105]

How so? Did you not say my money in NVDA is not “real money”?

Is the equity in my house also not “real money”?

Not really since its and illiquid asset.

 

[Cellblock2429]

Not really since its and illiquid asset.

/——/ NVDA is an Illiquid asset???? Since when?
Illiquid refers to the state of a stock, bond, or other assets that cannot easily and readily be sold or exchanged for cash without a substantial loss in value. Illiquid assets may be hard to sell quickly because there is low trading activity or interest in the issue, indicated by a lack of ready and willing investors or speculators to purchase or sell the asset. As a result, illiquid assets tend to have lower trading volume, wider bid-ask spreads, and greater price volatility.

 

[otto105]

/——/ NVDA is an Illiquid asset???? Since when?
Illiquid refers to the state of a stock, bond, or other assets that cannot easily and readily be sold or exchanged for cash without a substantial loss in value. Illiquid assets may be hard to sell quickly because there is low trading activity or interest in the issue, indicated by a lack of ready and willing investors or speculators to purchase or sell the asset. As a result, illiquid assets tend to have lower trading volume, wider bid-ask spreads, and greater price volatility.

The equity in your house stupid fuckup.

 

[Cellblock2429]

The equity in your house stupid fuckup.

/—-/ You listed two assets, but weren’t specific about which you meant. Sorry about that.

 

[Lisa558]

Not really since its and illiquid asset.

Not to me it isn’t. I can get cash out of it any time I want. Real money.

Having more than half-a-million equity in my house is quite useful.

 

[Cellblock2429]

Not to me it isn’t. I can get cash out of it any time I want. Real money.

Having more than half-a-million equity in my house is quite useful.

/—-/ True, once you open a HELOC, but you’re borrowing that money at an interest rate.

 

[Lisa558]

/—-/ True, once you open a HELOC, but you’re borrowing that money at an interest rate.

That’s true, but the other poster claimed my house equity didn’t count as “real” since it was illiquid.

Also, when i had a HELOC several years ago, the APR was only 3%. Even my credit card rate was less than 6%. (I have excellent credit.)

 

[Harpy Eagle]

Not to me it isn’t. I can get cash out of it any time I want. Real money.

Having more than half-a-million equity in my house is quite useful.

Not sure being able to take a loan against an asset makes it a liquid asset

 

[Picaro]

/——/ True. There is a reason certain stocks have low dividends. But, the real money is in the weekly stock options. At The Money call is $3.80 per share, or $380 per contract per year. You can’t always get it to work in your favor, and sometimes the stock will shoot up past your strike price and you would see a greater value without the call, but with practice you get a nice return.
Or, $228 a week with cash secured puts without investing any money.

View attachment 1013055

Which is why I said it was dumb to buy the stock outright. Options are a far better bet if one is going to gamble on the garbage; your bet goes a lot further. My idea of a long term bet on garbage paper is about a week.

 

[Picaro]

That’s true, but the other poster claimed my house equity didn’t count as “real” since it was illiquid.

Who? It is no longer 'equity' when it's borrowed against, and if you sold it to pay a debt it wouldn't sell quickly except at a reduced valuation. It's stupid to borrow against your house to make bets on garbage paper.

 

[Lisa558]

Which is why I said it was dumb to buy the stock outright. Options are a far better bet if one is going to gamble on the garbage; your bet goes a lot further. My idea of a long term bet on garbage paper is about a week.

No, because going with options is a much more risky “bet” in that you have to right on the direction AND timing. When you buy the stock outright, you just have to bet on the direction - and there is no time pressure.

Source: someone who retired well ahead of schedule by buying the dips

 

[Lisa558]

Who? It is no longer 'equity' when it's borrowed against, and if you sold it to pay a debt it wouldn't sell quickly except at a reduced valuation. It's stupid to borrow against your house to make bets on garbage paper.

Did I SAY I borrowed against my house to invest in stocks?

YOU said a house is an illiquid asset, and I showed how quickly I can get my hands in ready cash out of my equity,

 

[Cellblock2429]

Which is why I said it was dumb to buy the stock outright. Options are a far better bet if one is going to gamble on the garbage; your bet goes a lot further. My idea of a long term bet on garbage paper is about a week.

/—-/ I wouldn’t call Nvidia garbage.

 

[Andrew_Jackson_FTW]

Which is why I said it was dumb to buy the stock outright. Options are a far better bet if one is going to gamble on the garbage; your bet goes a lot further. My idea of a long term bet on garbage paper is about a week.

you understand that folks in a two-year time period Made a ton of money on Nvidia… nvidia has done a 10x in about a year and a half.

Wrt the idea that buying stocks is gambling I’ve seen people make the same suggestion about cryptocurrency.. Yet Cryptocurrency has made quite a few people millionaires in this world.

To say that investing in the stock market is akin to gambling at the casino is very ignorant. It’s like somebody saying opening up a restaurant is stupid. Sure there’s risk involved but this is capitalism for you and that is the world we live in.

 

[Picaro]

YOU said a house is an illiquid asset

Where?

 

[Picaro]

you understand that folks in a two-year time period Made a ton of money on Nvidia… nvidia has done a 10x in about a year and a half.

Wrt the idea that buying stocks is gambling I’ve seen people make the same suggestion about cryptocurrency.. Yet Cryptocurrency has made quite a few people millionaires in this world.

To say that investing in the stock market is akin to gambling at the casino is very ignorant. It’s like somebody saying opening up a restaurant is stupid. Sure there’s risk involved but this is capitalism for you and that is the world we live in.

No different than shooting craps, except the odds are better at craps. Comparing gambling on garbage paper to opening a real business is what is stupid; all you're doing betting on stock prices is gambling hoping to get something for nothing while providing nothing. You know exactly squat about Nvidia or any other paper you gamble on. You just read tout sheets from the bookies to make yourself feel 'informed n stuff'.

In fact, making such bets sucks capital away from real business.

 

[Picaro]

/—-/ I wouldn’t call Nvidia garbage.

If it was worth anything nobody would be selling it.