Stocks - r/Stocks Daily Discussion Wednesday - Jun 10, 2020 |
- r/Stocks Daily Discussion Wednesday - Jun 10, 2020
- Every day I don't buy TSLA, is a day I wish I had bought TSLA.
- TESLA BREAKS 1k.
- What are some promising companies on the verge of going public?
- Holding stocks for a year gives you a tax break
- Buying and holding AAPL for twenty years
- I did it today
- After today, there is only one thing you should be doing with your money...
- Upcoming mergers I know about
- Airline, cruise and casino stocks (CCL, BA, MGM etc.)
- I've been humbled :(
- SBUX to close 400 stores in USA and Canada due to COVID-19 pandemic
- Who else is doubling down on airlines given the lows?
- Will Tesla tank?
- TLRD after hours?
- Eyeing IZEA.
- The chances of a second crash/second wave of COVID-19.
- IDEX WORKING WITH TESLA
- What is your risky stock pick for the 5 year hold period?
- This Fed decision today is a lose lose for everyone
- Anyone still holding NKLA
- Help me set up long term accounts for my kids
- why has ENPH been taking such a beating lately?
- Can anyone recommend some books or sources to get started with stocks
- Finally pulled out of $NAT.
- Guys, you know there's an actual economic term to describe "FOMO" right? There's nothing wrong with "FOMO", and every savvy investor should, in fact, have "FOMO".
| r/Stocks Daily Discussion Wednesday - Jun 10, 2020 Posted: 10 Jun 2020 01:06 AM PDT These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Every day I don't buy TSLA, is a day I wish I had bought TSLA. Posted: 10 Jun 2020 09:37 AM PDT TESLA is plowing through naysayers like a mf'n Semi! So much ragrat, but I'm happy for them. [link] [comments]  |
| Posted: 10 Jun 2020 07:09 AM PDT No stopping for musk. The hype around this stock is pure insanity [link] [comments]  |
| What are some promising companies on the verge of going public? Posted: 10 Jun 2020 11:24 AM PDT What are some promising companies on the verge of going public? [link] [comments]  |
| Holding stocks for a year gives you a tax break Posted: 10 Jun 2020 07:35 AM PDT If you make less that $39,375/year (including realized stock gains). You will not be taxed if you hold your stocks for a year. If you sell your stocks before a years amount of time then your gains will be taxed as income. The federal tax rate is 12%. You will lose this no matter what state you live in. If you are in a state that pays state and local income taxes (9 do not), then add another 10%. Here's an example: If I live in NYC, and I buy BRK.B and sell 3 weeks later and make $500 profit. I just lost $120. Know your taxes, strengthen your hands. Here's a link to calculate your capital gains taxes. https://smartasset.com/investing/capital-gains-tax-calculator [link] [comments]  |
| Buying and holding AAPL for twenty years Posted: 10 Jun 2020 05:55 AM PDT About twenty years ago, I had just graduated college. My grandfather had died years ago, and he had left me a small amount to invest which was an account that, now graduated, I had access to. He had utilized a stock broker and I was to meet with him. I was on a bit of a tear. I had just gotten my liberal arts degree, and thought I was super smart. And in all the arrogance of a sure-fire smart "kid" coming out of a liberal arts school and still buzzing a bit from the dotcom boom, I learned that I could make my own trades for 29.95 using s new site called "E*Trade". I spoke to my Dad about it, he said, talk to broker, but if that's what you want to, do, it's your money (sort of with the whole, I wouldn't do it, but go for it, I guess, attitude) I spoke to the broker for the first time, and after his pitch of what the portfolio had done in the last five years and some stocks I was going buy, it all sounded reasonable and good. He seemed to know what he was talking about, but I still, in my pushy arrogance of late adolescence , inquired how much I paid him per trade. it was considerably more than 30 dollars. I then asked if I could make some suggestions as to what we could buy. "What were you thinking of?" "Apple, for one," I said. "Oh no, I don't know about that. They've had a lot of issues the last few years, and I wouldn't recommend it." More due to cost differential per trade than this vague analysis, I told him I think I'm going to go my own way. I put about 1200 bucks into Apple, some less into the online book store "amazon", and a couple of index funds, and a few other companies, that I thought had a lot interesting hype around them. Sure enough, my apple investment looked horrible to start, losing about 40% of the value within three months. Same with Amazon. I decided, though, to do nothing, and I was onto do different things. I never sold those shares, and today they've are pretty close to appreciating to 10,000%. I bought Apple a few more times throughout my life, and that one stock has accrued in value (I mean, all of it theoretical, I suppose, unless I do sell) about the same for me than my paychecks throughout my career. I have generally picked winners. I own shares in Sam Adams, in Tesla, in google, in facebook, in nvidia, etc. and still have those index funds, that did quite well as everything has over the last twenty years. What's the lesson in all of this? I don't think there is one. Get lucky. Don't sell. And listen to yourself, I guess. [link] [comments]  |
| Posted: 09 Jun 2020 01:42 PM PDT I sold. I put my life saving of 56k into spirit RCL, CCL, and Sixflags. I cashed out at $120k. I couldn't take it any more. I bought bitcoin in 2017 and it went 4x and I held. I went from 65k to what is worth 15k now. This feels like 2017 bitcoin. These numbers don't add up to the value of the stocks I held and am happy with my profit. Even finally showed my wife the portfolio balance. I did put everything into JNJ, AMD, AAPL and MSFT. If my travel stocks double next month I will be happy selling at a profit. I wish you all great success in your picks! [link] [comments]  |
| After today, there is only one thing you should be doing with your money... Posted: 10 Jun 2020 03:51 PM PDT ...investing in the stock market. Hi, nice to meet you. For context on who I am, I was the guy who on March 12th, 2020 said the worst is behind us in the market, with an error rate of 5%. IVV (S&P) was at 248.96 that day. ( https://www.reddit.com/r/stocks/comments/fhoud7/weve_seen_the_worst_of_it/ ) IVV did go on to drop more than 9%, so off by 4 basis points. But, if you would have taken my advice, by simply putting money into the S&P, the safest stock move you can make, you would have made a return of nearly 30% in 3 months. How did I know that was the bottom when this whole website thought we were entering a massive depression? Well, let's check out what I said... "....but I find it crazy to assume the market will keep selling. Where is the money going?!?! With rates as is, the best bargain still is in stocks and until rates rise that's the only logical location your money should be parked in. " And that leads us to today when the Fed announced that interest rates will REMAIN at ZERO for the next TWO years. Boys, we are about to face a MASSIVE economic expansion. And if you sit on cash waiting for the market to go lower you are sorely misinformed, my friend. With rates at 0, gravity does not exist. There are no bounds to economic expansion, so for the well-run companies that hopefully all of us are invested in - they just got approval for free money for their next two years. For a great company, that is enough to catapult themself into the future. So you can take my advice, or you can downvote me and call me stupid, I'm used to it. But for those that do listen, enjoy your gains. [link] [comments]  |
| Posted: 10 Jun 2020 09:45 AM PDT Hey guys, these are the upcoming mergers that I know about. Forum Merger II (FMCI) is merging with "a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States". Article here: https://www.google.com/amp/s/spacinsider.com/2020/05/13/forum-merger-ii-corp-fmci-teases-combo/amp/ Opes Acquisition (OPES) is merging with BurgerFi. Article here: https://www.google.com/amp/s/www.restaurantbusinessonline.com/amp/financing/burgerfi-go-public-after-proposed-merger-opes-acquisition-corp HL Acquisitions (HCCH) is merging with Fusion Fuel. Article here: https://www.google.com/amp/s/seekingalpha.com/amp/article/4353038-hl-acquisitions-to-combine-fusion-fuel-next-hydrogen-hype-in-making Collier Creek Holdings (CCH) is merging with Utz Quality Foods. Article here: https://www.google.com/amp/s/www.forbes.com/sites/douglasyu/2020/06/05/utz-quality-foods-going-public-with-an-anticipated-156-billion-enterprise-value-upon-merger-with-collier-creek-holdings/amp/ Schultze Special Purpose Acquisition Corp (SAMA) is merging with Clever Leaves (a medical cannabis company). Article here: https://www.google.com/amp/s/www.nasdaq.com/articles/clever-leaves-seeks-to-list-on-nasdaq-through-merger-with-sama-2020-06-04%3Famp There are just the ones that I have heard about. Are there any more that I missed? And what do you guys think about these mergers? Edit: Here is an additional one by u/binzo21 Nebula Acquisition (NEBU) is merging with Open Lending. Their website says "Open Lending provides automated lending services to financial institutions." Article here: https://www.prnewswire.com/news-releases/open-lending-and-nebula-acquisition-corporation-announce-business-combination-agreement-300981386.html Edit #2: Proficient Alpha Acquisition Corp (PAAC) is merging with Lion Financial Group. Article here: https://www.google.com/amp/s/spacinsider.com/2020/06/04/proficient-alpha-shareholders-approve-lion-financial-combination/amp/ Also, check out SPACinsider.com for all the current news on all the upcoming mergers. Edit #3: u/xCrossfirez has pointed out that you can check out r/SPACs for more info on SPACs. Edit #4: Changed "Impossible Foods" to "a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States". It isn't confirmed that the merger is with Impossible Foods, and I only want to show facts. Edit #5: Gordon Pointe Acquisition Corp (GPAQ) is merging with HOF Village. Article here: https://www.prnewswire.com/news-releases/gordon-pointe-acquisition-corp-provides-update-on-proposed-business-combination-with-hof-village-llc-301027725.html Also note that the information about the merger above (GPAQ) is a few months old. Do what you will knowing that. Edit #6: Act II Global Acquisition Corp (ACTT) is merging with Flavor Holdings. Check out this post over at r/SPACs for more info: https://www.reddit.com/r/SPACs/comments/h02gf7/acct_dd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Why are there so many of these!?! [link] [comments]  |
| Airline, cruise and casino stocks (CCL, BA, MGM etc.) Posted: 10 Jun 2020 05:55 AM PDT Whole sectors seems to be going down (mostly cruises), of course this is only the second day after a huge run but I am interested in your opinion. Are you holding for the long haul? Selling? Which companies in these sectors do you like and dislike and most importantly, why? [link] [comments]  |
| Posted: 10 Jun 2020 02:07 PM PDT Okay, I admit it I've been humbled / took a hit to the chin. Basically thought I was on top of the world everything I touch massive gains everywhere. Welp not today. Tide went out on airlines / LUV more specifically and they caught me swimming naked. I over extended, didn't diversify thought I'll get rich quick. FUCK! Still up for the year didn't panic sell, will prob come back soon I hope. [link] [comments]  |
| SBUX to close 400 stores in USA and Canada due to COVID-19 pandemic Posted: 10 Jun 2020 09:28 AM PDT For the year, Starbucks expects same-store sales to decline between 10% and 20%. [link] [comments]  |
| Who else is doubling down on airlines given the lows? Posted: 10 Jun 2020 12:04 PM PDT Airlines down a juicy amount, just doubled up my DAL position and picked up some UAL. [link] [comments]  |
| Posted: 10 Jun 2020 12:56 PM PDT Obviously as you have probably seen, Tesla surpassed $1,000 today. And as much as I would love for this stock to completely tank, will it? [link] [comments]  |
| Posted: 10 Jun 2020 01:18 PM PDT Holding calls so I'm not complaining but wtf happened?... [link] [comments]  |
| Posted: 10 Jun 2020 02:51 PM PDT They have some big announcement coming up as well as an investor meeting after confirming the aquisition of 2 Fortune 500 contracts. Its previous track seems rather stale, but I think it will yield some fruitfulness. I'm going to ride and see what this announcement is on Friday. Anyone else please feel free to comment additional information, stats, or thoughts for IZEA. [link] [comments]  |
| The chances of a second crash/second wave of COVID-19. Posted: 10 Jun 2020 12:12 PM PDT I've heard plenty of people talk about how likely a second crash is on its own or even a second wave of COVID-19 that will cause a repeat. What are the chances of a second crash? And would the virus likely be the cause? I'm still relatively new to trading and the stock market in general so I wanted to get some insight on the situation. I bought a few things during the crash so that I could potentially sell it when things bounce back for a quick buck. Things haven't been looking great the past couple of days and now some of my stock friends are telling me to sell now because they suspect a crash. What should we expect in the next few months? [link] [comments]  |
| Posted: 10 Jun 2020 07:17 AM PDT PR from today https://investors.ideanomics.com/2020-06-10-Ideanomics-MEG-Finalizing-Multiple-EV-Taxi-Orders [link] [comments]  |
| What is your risky stock pick for the 5 year hold period? Posted: 10 Jun 2020 10:04 AM PDT We all know that MSFT, V, APPL, AMZN, etc.. are all good longterm picks. But, what do you see as something a bit more risky, but with a higher upside that may be a good hold for 2-3 years? Personally, I love $W, $LUV, and ya'll going to hate me... but, $DKNG [link] [comments]  |
| This Fed decision today is a lose lose for everyone Posted: 10 Jun 2020 09:40 AM PDT The Fed says the economy is good: they could raise rates a little, or say they are cutting open market operations. Result: market goes down because Fed is no longer propping it up. The Fed says the economy is bad: they keep rates at 0% and maintain open market operation. Result: market goes down because it's clear it's overvalued now. Thoughts anyone? [link] [comments]  |
| Posted: 10 Jun 2020 08:11 AM PDT Slowly and steadily going down now is it time to sell? I bought more at $76 like an idiot [link] [comments]  |
| Help me set up long term accounts for my kids Posted: 10 Jun 2020 04:19 PM PDT Looking to open two accounts for my kids (10 & 11) I want them to have when they graduate college.. already have savings accounts for them but looking for the future growth stocks 15 years+ Give me your best suggestions, I want to put about 5k in each account and set up dividend reinvestment [link] [comments]  |
| why has ENPH been taking such a beating lately? Posted: 10 Jun 2020 02:48 PM PDT I read something about employee stock guarantee or something in those lines to compensate the original employees that started the company up. From what I read, and understood (if correctly) that caused a dip in the stock but are there any other factors out there hurting ENPH? [link] [comments]  |
| Can anyone recommend some books or sources to get started with stocks Posted: 10 Jun 2020 03:58 PM PDT I'm a complete rookie when it comes to stocks and economics period so if anyone could recommend some books or other sources for complete beginners I'd appreciate it. [link] [comments]  |
| Posted: 10 Jun 2020 11:45 AM PDT Just sold all my NAT shares at 5.36. I finally feel free again. All you bag holders should try it too, I know your money could go to better use. I still have DHT though, that sweet 22% dividend yield is too sweet to ignore. [link] [comments]  |
| Posted: 10 Jun 2020 01:14 PM PDT It's called "opportunity cost" and it's one of the most important concepts in economics and finance. [link] [comments]  |
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