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Talking stocks, trading, and investing in general

stimulacra

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Locked in 18% return for 2017 while moving from 20% to 30% bonds. Feeling ok for whatever 2018 has in store for me.

Considering a 2-3% exposure to crypto just purely for diversification (would replace or augment commodities).

Also looking at I Bonds to free up some tax deferred space but it sounds like a lot of rigmarole for 2-3% interest.

People here (and elsewhere) don't mention individual stock tickers much anymore which I find interesting.
 

Texasmade

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Everyone is swept up in cryptocurrency now. Individual stocks are so 2017.
 

Lionel Hutz

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Texasmade

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I'm not aware of a separate thread. Everyone's been using this thread for their crypto talk. Although with idfnl gone, it may die down a little.
 

brokencycle

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Sad you bros talking about your 20% gains when you could be making 4x in crypto. I thought this was about investing. Crypto is the future. Get on the right side of history.
 

bings

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just going to put this out there again that you gents should not be sleeping on weed stocks.

last week was illogical how good it was... yesterday and today have been even better. it certainly does need to correct, no question about that... but it's almost all house money now anyways.

admittedly, you cannot use typical fundamentals that you would apply to long-term going concerns. however, for mature investors these stocks are easier to evaluate and hold than digital currencies. better liquidity too.
 

brokencycle

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just going to put this out there again that you gents should not be sleeping on weed stocks.

last week was illogical how good it was... yesterday and today have been even better. it certainly does need to correct, no question about that... but it's almost all house money now anyways.

admittedly, you cannot use typical fundamentals that you would apply to long-term going concerns. however, for mature investors these stocks are easier to evaluate and hold than digital currencies. better liquidity too.
So your position is that these funds have had illogical gains and are due for a correction, so we should rush into them?
 

brokencycle

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Is that any different than the crypto currency run up?
I think the people pushing hardest on crypto haven't admitted that the gains have been illogical and are due for a correction. There were some generic "well, sure it could drop, but it is going to keep going up in the long term."
 

bings

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i said dont sleep on them... like dont ignore them. there are a lot of guys who sold early looking to get back in on a correction. i sold a number of positions back in Oct before the latest run up and all of my friends who held obviously performed much better.

in general, while the sector is flying, many holdings are not surging to the same degree. i have held mostly onto mid-cap players who are now surging to catch up to the leader's valuations. relatively speaking there is still a lot of value to be had in many mid-cap stocks.

for crypto and weed stocks, just as happened in the dot com bubble... losers will disappear but many winners will emerge and produce incredible gains. with weed stocks (as opposed to crypto) there is a lot of consolidation on the horizon and these companies are all going at strong premiums when they get swallowed up.
 

otc

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Made my annual IRA contribution and submitted the backdoor roth conversion paperwork. As soon as that goes through, I'll have some fresh cash to deploy.

Pretty much the only short-term trade I ever made was a weed stock back in the day...good thing I did make it short term, as it has never been that high again.
upload_2018-1-3_10-56-54.png

Made a whole $105 after fees!
 

gettoasty

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@otc If I put in money into an IRA now, then, immediately exercise a Roth conversion (money is just in cash), the 1099-R will essentially be "zero"?
 

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