We should have more folks giving stock recommendations. Not a lot of posts about this.

[Andrew_Jackson_FTW]

Fire away folks.

Ok and give your opinions about Ethereum and bitcoin. They are down from their high points, but up around 100% this year.

 

[luiza]

They are probably too busy selling before the great crash of bank failures and US bankruptcy ripping the markets asunder .

 

[ReinyDays]

Short sell Merck ... $100 a share, man, that's gotta crash ... in 6 months these will be penny stocks ...

 

[Dekster]

Crypto is a shell game. I mean more power to you if you can make some short cash on it but I wouldn't put money I couldn't afford to lose into it. Anyway, I am out of the market except for my 401K. I am focused on selling off all my RE that I don't plan to pass on to pay for tuition X 3 and because I am just tired of landlording drama. Market is still pretty hot locally and I may be on the verge of having lightening strike for a second time by selling a piece of commercial property that is critical to a still-secret planned project. It is just something that is gonna take at least another year for all the moving parts to come together.

 

[Dekster]

They are probably too busy selling before the great crash of bank failures and US bankruptcy ripping the markets asunder .

I would definitely avoid being too heavy into anybody in the casino business. They are building or trying to build them all over the south right now. They are bound to end up in the red with as much money as they are handing out when there is so much competition nipping right at their heels. It is kind of a variation of the CVS-Walgreen's feud that left both making dodgy financial decisions as to new stores.

 

[luiza]

I would definitely avoid being too heavy into anybody in the casino business. They are building or trying to build them all over the south right now. They are bound to end up in the red with as much money as they are handing out when there is so much competition nipping right at their heels. It is kind of a variation of the CVS-Walgreen's feud that left both making dodgy financial decisions as to new stores.

New news for me and I cannot begin to understand the thinking .
I appreciate that the poor flock to gambling when things get very bad , but I cannot believe that sort of projected extra gambling revenue even covers overheads .
Unless they have so much "spare" cash that they are desperate to get it into property --- but that looks a ghastly area to be in -- all sectors
I thought that these days successful mobsters had the best investment brains working for them .

Or do they know someting about Mexican and other SA dirty money moving north for political reasons that elude me ?

 

[Dekster]

New news for me and I cannot begin to understand the thinking .
I appreciate that the poor flock to gambling when things get very bad , but I cannot believe that sort of projected extra gambling revenue even covers overheads .
Unless they have so much "spare" cash that they are desperate to get it into property --- but that looks a ghastly area to be in -- all sectors
I thought that these days successful mobsters had the best investment brains working for them .

Or do they know someting about Mexican and other SA dirty money moving north for political reasons that elude me ?

Basically states are warming up to them for economic development in poorer urban areas because they have the cash and don't need a bunch of subsidies other than infrastructure improvements to get them in and the casinos are willing to make upfront advanced payments once they are legally approved. They also will build on blighted properties to save the local governments from having to pay for the clean up of old factories and the like. It usually comes down to whether or not a local community will allow them by having referendums. There are some under construction in Virginia with others in development and I have heard that there are several being sited in North Carolina.

 

[MarathonMike]

FWIW we have around 2% in our individual stock trading account. We have one stock up 40% and the others are down -20%. We are positive in index funds and way positive in Dividend Reinvestment plans. There are very few people who can beat the indexes or long term solid growth stocks by trading. We obviously suck at it!

 

[Andrew_Jackson_FTW]

Crypto is a shell game. I mean more power to you if you can make some short cash on it but I wouldn't put money I couldn't afford to lose into it. Anyway, I am out of the market except for my 401K. I am focused on selling off all my RE that I don't plan to pass on to pay for tuition X 3 and because I am just tired of landlording drama. Market is still pretty hot locally and I may be on the verge of having lightening strike for a second time by selling a piece of commercial property that is critical to a still-secret planned project. It is just something that is gonna take at least another year for all the moving parts to come together.

I hear real estate is a good investment. There could be some issues though for me. I’m a bit handicap and fixing up homes could be a problem. Plus the prices are sky high now was probably a great thing to buy a home before the lockdowns or even in 2021 but now it seems like it’s really nobody’s market…. unless of course maybe you were talking about corporations that can buy 10 or 20 houses at a time

I used to own 2.5 Ethereum coins. Now I only own a little over half of a Ethereum coin and have much more invested into regular stocks. I also had a very tiny percentage of bitcoin, and made a small profit on that.

I bought Ethereum at 1650 and sold much of it at about 1850. Now it’s at over two grand so nothing huge going on there but the big question is what will the future of it be ? some have predicted the Ethereum coin will go over $12,000 in a few years but that’s a big prediction. As for bitcoin who knows will go over 100,000 ? the future will tell.

 

[Andrew_Jackson_FTW]

New news for me and I cannot begin to understand the thinking .
I appreciate that the poor flock to gambling when things get very bad , but I cannot believe that sort of projected extra gambling revenue even covers overheads .
Unless they have so much "spare" cash that they are desperate to get it into property --- but that looks a ghastly area to be in -- all sectors
I thought that these days successful mobsters had the best investment brains working for them .

Or do they know someting about Mexican and other SA dirty money moving north for political reasons that elude me ?

That’s interesting. Generally speaking the south has very low wages places like Mississippi homes are quite low there in price still astronomically higher than they were three years ago.

I read somewhere that one percent of people that ever enter a casino become problem gamblers.

 

[Andrew_Jackson_FTW]

FWIW we have around 2% in our individual stock trading account. We have one stock up 40% and the others are down -20%. We are positive in index funds and way positive in Dividend Reinvestment plans. There are very few people who can beat the indexes or long term solid growth stocks by trading. We obviously suck at it!

Good luck I hope it all works out for your Stocks.

I’m just going by intuition and feel when I make my investments, other than one stock which was recommended to me by an older friend it’s down 60%.

But I am up on all of my own investments.

I’d like the future for Snapchat and Victoria’s Secret.

 

[Andrew_Jackson_FTW]

I do have a Poker friend of mine, who is a very successful stockbroker. He gave me one good piece of advice and remember to look at the balance sheets of companies you invest in. Take a look at their earnings and see if they’re having a positive flow as the years go on.

 

[Dekster]

I hear real estate is a good investment. There could be some issues though for me. I’m a bit handicap and fixing up homes could be a problem. Plus the prices are sky high now was probably a great thing to buy a home before the lockdowns or even in 2021 but now it seems like it’s really nobody’s market…. unless of course maybe you were talking about corporations that can buy 10 or 20 houses at a time

I used to own 2.5 Ethereum coins. Now I only own a little over half of a Ethereum coin and have much more invested into regular stocks. I also had a very tiny percentage of bitcoin, and made a small profit on that.

I bought Ethereum at 1650 and sold much of it at about 1850. Now it’s at over two grand so nothing huge going on there but the big question is what will the future of it be ? some have predicted the Ethereum coin will go over $12,000 in a few years but that’s a big prediction. As for bitcoin who knows will go over 100,000 ? the future will tell.

I bought most of my residential RE other than what I inherited during or after the recession during the foreclosure unwinds when prices were crazy low to where you could get decent houses for 25 to 40 cents on the dollar. I know a guy who is currently trying to build a huge portfolio when prices are well above what they should be which I think is a huge gamble. It is a market you need to be a little methodical about.
I have many concerns about crypto. Other than it really being a shell games generally that is probably driven by Chinese and Iranian efforts to bypass sanctions, eventually the government will clamp down on it and I really don't like the tax issues surrounding it, especially with the blockchains that give out free coins. If you claim your income as anything other than regular income, you may or may not get yourself an audit. It throws up flags at the IRS.

 

[DudleySmith]

I do have a Poker friend of mine, who is a very successful stockbroker. He gave me one good piece of advice and remember to look at the balance sheets of companies you invest in. Take a look at their earnings and see if they’re having a positive flow as the years go on.

Accounting rules are so lax those reports are worthless, too easy to lie and hide problems. Despite all the crooked business practices that always result in bubbles and followed by crashes, almost none of the legislation has changed.

 

[Harpy Eagle]

All I can say is anyone that gets their stock/finance advice from a highly partisan political forum deserves to be broke when it happens

 

[DudleySmith]

Young people need to be required to read this before graduating high school. Get the later additions with the updated accounting rules.

Financial Shenanigans: How to Detect Accounting Gimmick…

Techniques to uncover and avoid accounting frauds and s…

www.goodreads.com

Techniques to uncover and avoid accounting frauds and scams Inflated profits . . . Suspicious write-offs . . . Shifted expenses . . . These and other dubious financial maneuvers have taken on a contemporary twist as companies pull out the stops in seeking to satisfy Wall Street. Financial Shenanigans pulls back the curtain on the current climate of accounting fraud. It presents tools that anyone who is potentially affected by misleading business valuations from investors and lenders to managers and auditors can use to research and read financial reports, and to identify early warning signs of a company's problems. A bestseller in its first edition, Financial Shenanigans has been thoroughly updated for today's marketplace. New chapters, data, and research reveal contemporary "shenanigans" that have been known to fool even veteran researchers.

Clue #1: Nobody sells stock to the public if it is actually a genuine good buy and worth anything in real life. Private investors snap it up via insider sales and friends and connections. Pump and dump i the game, and gamblers are the target group of suckers. For outsiders, it is about who gets stuck with the crap last and eats the losses. What is available to the public is junk and watered lottery tickets.

Clues #2 through #500:

See Clue #1.

 

[Andrew_Jackson_FTW]

All I can say is anyone that gets their stock/finance advice from a highly partisan political forum deserves to be broke when it happens

Anybody who invests all of their money into stocks isn’t doing the right thing and risks going broke.

You’re only supposed to put a certain percentage of your net worth in stocks.

If you’re going to contribute to this thread, then post what stocks are investing in.

 

[Andrew_Jackson_FTW]

Since I have bought Victoria’s Secret and Snapchat they are both up over 50% in a very short period of time. Wow hope everyone got in on the fun

And Victoria’s Secret is at $28 a share now still nowhere near as High Point of 75. They got rid of their far left wing woke for broke strategy folks take a look at Victoria’s Secret. But of course invest at your own risk.

 

[MisterBeale]

Put all yoar money in Tulips.

 

[Andrew_Jackson_FTW]

Put all yoar money in Tulips.

Good way to attract a date