Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Sep 29, 2020 |
- r/Stocks Daily Discussion & Technicals Tuesday - Sep 29, 2020
- Investing in ETFs
- Almost 10 million shares of Apple sold the minute after close
- Propane and propane related products (SPH)
- What is the deal with RKT��?
- To what extent is Tesla really "overvalued"?
- Here is a Market Recap for today Tuesday, Sept 29. Please enjoy!
- Walmart Triples Tesla Semi Order In Canada
- $100 barrier cracked for Peloton
- Shares of LG Chem rise after report of Tesla's interest in battery unit
- Disney to lay off 28,000 employees as coronavirus slams its theme park business
- Beyond Meat Stock Is Surging on Expanded Walmart Deal
- Should I let my winners run or take my profits off the table?
- Is naked shorting legal in Canada and is it public information if someone is naked short?
- Is there more in GME (GameStop) to be bullish about beyond pure speculation related to Ryan Cohen?
- Growth stock scorecard: ETSY
- SPLUNK (SPLK)
- Caesars (CZR) Stock Offering
- New investments ideas with recently sold shares
- Stocks vs Buying a Website vs Buying/Starting a Small Business
- Morning Market Synopsis - Tuesday, Sept. 29, 2020
- How young is too young to get into stocks, how old were you, and how would you recommend starting off?
- Mexican Stocks
- Please help with my investment strategy.
- XLE and VDE - Hold onto energy, or bail?
| r/Stocks Daily Discussion & Technicals Tuesday - Sep 29, 2020 Posted: 29 Sep 2020 01:06 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Posted: 29 Sep 2020 08:46 AM PDT A couple of weeks ago, I posted a comment in response to a question about ETFs. This question comes up very often; usually two or three times a week. Maybe more than than. Several people suggested that it be "pinned." I obviously cannot do that, however if a mod wants to pin this, feel free to do so. I did make a few modifications and additions to that comment and for those who haven't gone back to see the changes, I thought I'd post it again here. Hopefully, this helps people who are interested in an investing approach that is either made up of ETFs or that includes ETFs as a part of their portfolio. ______________________________________________________________________________________________________ QQQ - This one uses the NASDAQ 100 as its benchmark. Obviously it's an Indexed, non-managed ETF. XTF used to rate this one as a perfect 10.0 out of 10 rating, but recently dropped it to 9.9 out of 10. It has one of the highest rates of return over the past 10 years of any ETF. It does tend to be tech-heavy, especially with the FAANG +M stocks. (Facebook, Apple, Amazon, Netflix, Google and Microsoft). Other top holdings include TSLA, NVDA and ADBE. (The rating dropped recently when the portfolio of the NASDAQ 100 was re-balanced). VOO/SPY - VOO and SPY are non-managed funds indexed to the S&P 500 Index. These funds are very popular on this subreddit, for good reason. They are well diversified, broad market funds investing in mostly US stocks. XTF rates these funds at 9.6 out of 10 because their return on investment over the long term is somewhat tempered by some of the blue chip stocks in the funds. But those stocks also help reduce volatility relative to some other ETFs. These are solid investments, but keep in mind that in the top 10 holdings there will be a lot of crossover between these funds and other broad market funds that hold US stocks like QQQ, VTI, VTG, VOOG and SPYG. There are differences, of course, as well, but you always want to know where those duplications exist. IWF - This is a Russell 1000 Growth fund. It is one of my favorites that doesn't get talked about much. It does have a lot of crossover with the other funds mentioned above, but the mix is slightly different. Other funds that use the Russell 1000 Growth Index include RWGV and VONG. I would describe this fund as more aggressive than VOO/SPY, less volatile than QQQ. VONE and IWB use the Russell 1000 Index as their benchmark. SPYG and VOOG use the S&P 500 Growth Index for their benchmark and would be similar (but not identical) to IWF, VONG and RWGV. IWM - for someone looking to diversify a little bit, this is a great fund to look into. This fund is a non-managed, indexed fund that uses the Russell 2000 index as its benchmark. The big difference between the Russell 2000 index and many of the the other indexes is that the Russell 2000 index looks at small and mid-cap companies, rather than large-cap companies. Thus, there is zero crossover between this one and the funds mentioned above. While this fund will move up and down with the market, it is often less volatile than the market overall. If you look at the charts, this fund has under-performed some of the other funds over the past few months while the market has been very volatile in an upward direction, but in a crash, this fund would probably outperform the rest of the market. It has a 9.0/10 XTF rating. VXUS - Vanguard Total International Index Fund ETF - top holdings include BABA, Tencent, Samsung, Taiwan Semiconductors, Novartis, Toyota. This is a broad market fund investing only in companies overseas. I'm not generally bullish on foreign markets, but this one is a very solid ETF with some companies that are likely to do extremely well for the foreseeable future. XTF rates this one a perfect 10.0 out of 10. EEM - iShares MSCI Emerging Markets ETF - This one is going to have a lot of crossover with VXUS. It is an Emerging Markets ETF with a lot of focus on China. It includes Alibaba, Tencent, JD.com, along with companies like Samsung and Taiwan Semiconductors. This one should be a solid performer as long as our trade relations with China remain normal. EFA - This is another international ETF, but here the focus is mainly on more established companies in Europe and Japan. This is a Large Cap ETF that includes companies like Nestle SA, Roche, Toyota, Novartis and AstraZeneca. Sector fund ETFs: ICLN/TAN/FAN - These funds are clean/renewable energy ETFs. ICLN is more broad while TAN focuses more specifically on solar energy and FAN specifically on wind generated energy. I think renewable energy companies are the future. There is no crossover in the top holdings of this fund with the top holdings of QQQ and most of the other broad market funds. Also, these are global, not just US based companies. QCLN and PBW are also renewable energy funds, but they also contain a lot of TSLA, NIO and W.K. H.S. in their top holdings making them "electric vehicle" funds, as well. No problem if you want to add that, but you'll find a lot of Tesla in some of the funds mentioned above. ARK group of funds: ARKG, ARKF, ARKK ARKW, ARKQ, PRNT and IZRL. These are managed funds investing in companies that invest in disruptive companies in their respective industries. Most posters on this subreddit are bullish on these funds. They are aggressive growth ETFs, but should be considered somewhat risky and volatile.
XL series of funds. Similar to the ARK series, these tend to be more aggressive growth funds, however these are passively managed indexed funds with various benchmarks that usually are overloaded in the better companies within a sector:
Cloud Computing is another sector to consider. Some tickers in that sector include: WCLD, SKYY, CLOU, BUG and XIKT. Of these WCLD has the best 52 week performance. Top holdings in WCLD include ZM, PLAN, CRM, CRWD, ZEN, WDAY, TENB, PCTY, DDOG, BL. Many of these are likely to also appear in QQQ, however, they would be in very small percentages as the Cap on these companies is much smaller. Other sector funds include: Health Care: FHLC, VHT, IYH Utilities: IDU, VPU, FUTY, RYU Oil/Energy: IYE, FENY, VDE Consumer Staples: FSTA, VDC, IECS Real Estate: ICF, USRT, VNQ, PSR, BBRE Media/Entertainment: IEME, PBS, PEJ, IYC Gaming/Casinos: BJK, BETZ, CARZ Transportation (including airlines): JETS, XTN, FTXR, VIS Aerospace and Defense: XAR, ITA, PPA (These funds historically outperform the S&P 500) ____________________________________________________________________________ A nice portfolio might look something like this: 20% - Broad market US fund such as QQQ, VOO or IWF 20% - VXUS or one of the other International ETFs 20% - IWM - Small/Mid-cap broad market fund 10% each in four sector funds of your choice ____________________________________________________________________________ I'm not a financial expert or advisor and this is not financial advice, just an opinion from a random internet person. I do own shares in several, but not all of the funds listed above, including QQQ, IWF, some ARK funds, ICLN, VXUS, etc. [link] [comments]  |
| Almost 10 million shares of Apple sold the minute after close Posted: 28 Sep 2020 09:02 PM PDT When the price hit 115$ at 4:01 earlier, almost 10 million shares of Apple were sold. Almost a billion dollars, I'm kinda new to the market but is this weird? That's a lot of capital that a fund would hold to be offloading like that. Would appreciate your opinions, thanks. [link] [comments]  |
| Propane and propane related products (SPH) Posted: 29 Sep 2020 05:48 AM PDT I'm betting a large increase in demand for propane and propane related products due to the continuing of outdoor dining into the fall and winter. We're going to have thousands of restaurants using outdoor heating equipment which is powered by PROPANE. SPH is still around 37% off their pre-pandemic high around $22/share. - Hank Hill I am Long SPH [link] [comments]  |
| Posted: 29 Sep 2020 09:59 AM PDT Rocket absolutely killed their earnings report last quarter, yet they are down over 30% in the last month, and they have been in a state of steady decline since. This stock seems to be extremely undervalued, what in the world is going on? [link] [comments]  |
| To what extent is Tesla really "overvalued"? Posted: 29 Sep 2020 06:20 AM PDT DisclaimerI do not have a financial position in any of the companies mentioned here, and have no intention to initiate one within the next 72 hours. IntroductionA common belief is that Tesla is grossly comically overvalued. Most people who express that belief point to Tesla's insanely high price to earnings ratio (P/E) to make the argument. Tesla's current P/E is (1038). A P/E of 1000+ is patently absurd. To compare with high growth technology companies (FAANG):
Despite not enjoying the massive margins of the tech companies, Tesla has a P/E ratio 14.7 times greater than their average. This is simply ludicrous. CaveatsWhile Tesla's P/E ratio is Prima Facie outrageous, I am of the opinion that it doesn't paint the full picture:
The below excerpt sums up my take pretty well:
Tesla's forward P/E ratio of 125 seems more appropriate as a metric of how overvalued (if at all) it is. In that case Tesla's P/E would only be 1.8x the FAANG average. GrowthSomething I do find interesting though is the revenue growth rates (over the last five years) of the companies involved:
TSLA's CAGR (5y) is two times the CAGR average of FAANG stocks. If the higher P/E ratios of FAANG companies represents their growth rate, then Tesla's 2x higher growth rate seems to fit perfectly with their 1.8x higher forward P/E. Is a Comparison With FAANG Accurate?Should Tesla be valued comparatively to FAANG companies? That's up for debate. Some people insist that Tesla is just a car company. I don't think that's really true short term, and I doubt it'll be appropriate (from a financial standpoint at least) long term. In addition to their Energy Business and potential Ride Hailing Network/RoboTaxi service, Tesla has been selling software upgrades to their customers for a few thousand dollars:
Musk has stated that the price for Full Self Driving would rise as it gets better. Furthermore, it appears that Tesla plans to roll out subscription services for at least its Full Self Driving feature. It goes without saying that all the above software upgrades are extremely high margin. They would represent nearly pure profit. The above features suggests Tesla already has a fledgling SaaS business model, and that model is likely to grow to become a much larger share of their bottom line going forward. Of the FAANG companies, I think Tesla is most comparable to Apple (both manufacture and sell hardware for most of their revenue. They sell software services on top of said hardware for better profit margins.
If high P/Es are accounting for impressive growth, then Tesla appears to not be overvalued compared to say Apple. ConclusionI don't think Tesla is really all that over valued. Not if you think a comparison between Tesla and FAANG companies (especially Apple) is appropriate. If you compare Tesla to the FAANG average or to Apple in particular, Tesla does not appear overvalued relative to them. While Tesla's Forward P/E is greater, Tesla's growth rate is at least comparatively greater.
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| Here is a Market Recap for today Tuesday, Sept 29. Please enjoy! Posted: 29 Sep 2020 01:33 PM PDT PsychoMarket Recap - Tuesday, September 29, 2020 Stocks traded choppily today, as traders considered a new stimulus proposal from lawmakers, the presidential debate this evening, and an increase in Covid-19 infections. Market action today highlights the extreme volatility of today's market. After a day of green yesterday, the major indices experienced several intraday reversals. The Dow (DIA) finished 0.53% down, the S&P 500 finished 0.5#% down as well, and the Nasdaq (QQQ) finished the day 0.45% down. The House Democrats recently announced a new $2.2 trillion stimulus package, offering a sliver of hope that Congress might take action to help buoy the pandemic-stricken economy before the November elections. There is still a large divide between the Democrats proposal and the $1-1.5 trillion that is estimated to be the Republicans cap. Many analysts and economists are skeptical that a deal will be passed, leaving potential for market disappointment. On a more positive front, Pelosi and Mnuchin are scheduled to hold a meeting to discuss economic relief. Let's hope they are able to work something out. This evening is the first of three presidential debates between Pres. Trump and Joe Biden in Cleveland, Ohio at 9pm ET. Last week the Commission on Presidential Debates announced that some topics set to be discussed are the "Trump and Biden's records, the Supreme Court, Covid-19, the economy, race and violence in our cities, the integrity of the election." Market participants will be closely watching each candidate's stance and agenda for dealing with the economy. Sadly, the pandemic's death toll has surpassed 200,000 in the United States, with 7.19 million people infected, according to data compiled by John Hopkins University. Today, the American Academy of Pediatrics announced that children and teenagers now make up 10% up cases in the US, up from 2% in April, a worrying increase. The Central for Disease Control and Prevention (CDC) reported that "incidence of COVID-19 in school-age children began rising in early September as many youngsters returned to their classrooms." Highlights
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| Walmart Triples Tesla Semi Order In Canada Posted: 29 Sep 2020 02:21 PM PDT Walmart Canada has more than tripled its order for Tesla Semi trucks in a show of confidence for the all-electric heavy-duty vehicles and the ability of its maker to deliver them. The Canadian division of retailer Walmart, Inc. WMT 0.08% said Tuesday it reserved 130 of the trucks. Once in service, Walmart will have one of the biggest electric truck fleets in Canada as part of a companywide goal to achieve zero emissions by 2040. "I'm excited to have my drivers drive this truck," Francis Lalonde, Walmart Canada's vice president for transportation, told FreightWaves. Walmart Canada expects to get its Teslas in 2021. Lalonde wouldn't detail the delivery schedule, but said the company has full confidence in Tesla Inc. TSLA 0.51% ability to deliver them. "We trust our partner," he said. The Teslas will operate within Canada as part of Walmart's private fleet of around 300 trucks with about 500 drivers. Their 500-mile range provides a good fit for Canadian fleet operations, which have drivers return to their distribution centers each day. Walmart Canada has looked at other zero-emissions vehicles, but the Tesla Semi has so far proven the best one for its fleet, Lalonde said. Beyond the range and ability to haul 80,000-pound loads, the Tesla safety features — including its collision-avoiding autopilot — were an important selling point. "I firmly believe these are the safest trucks out there," Lalonde said. 'We've done our homework' on Tesla, Walmart executive saysWalmart Canada plans to have 20% of its fleet converted to electric power by the end of 2022. It hopes to have the entire fleet running on an alternative power source by 2028. It also has no qualms about being an early adopter of the Tesla Semi. The truck has been considerably hyped by Tesla CEO Elon Musk and also delayed. "We've done our homework," Lalonde said. Walmart Canada's bet on the Tesla Semi comes as part of the larger embrace of new technology in the supply chain. The company successfully deployed a blockchain-based freight payment system with DLT Labs. "It's called innovation," Lalonde said. "Is there there any risk in being one of the first ones? Yes. But we're proud to be innovators." https://www.benzinga.com/news/20/09/17704639/walmart-triples-tesla-semi-order-in-canada [link] [comments]  |
| $100 barrier cracked for Peloton Posted: 29 Sep 2020 01:50 PM PDT This isn't a technical analysis but more of just human psychology. It'll be big if Peloton can hold above $100 for a week as it'll create a bit of a psychological buy-in from new buyers that the stock can hold. I'm hopeful the stock can continue a climb through the winter but it'll be interesting to see how much volatility there is at around $100 =) [link] [comments]  |
| Shares of LG Chem rise after report of Tesla's interest in battery unit Posted: 29 Sep 2020 05:08 AM PDT https://finance.yahoo.com/news/shares-lg-chem-rise-report-082505186.html "Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution," the Korea Times quoted an unidentified banking source as saying, in the U.S. firm's quest for a stable supply of batteries. In a report, Nomura analyst Cindy Park said, "While we do not know whether this deal (Tesla-LG) can materialise, currently we assume that LGC's business relationship with Tesla could expand beyond supplying batteries to Tesla's Shanghai factory." She raised the prospects of LG Chem supplying batteries to Tesla's planned Berlin Gigafactory and a joint effort to develop the firm's proprietary batteries. [link] [comments]  |
| Disney to lay off 28,000 employees as coronavirus slams its theme park business Posted: 29 Sep 2020 02:16 PM PDT Prolonged closures at Disney's California-based theme parks and limited attendance at its open parks has forced the company to lay off 28,000 employees across its parks, experiences and consumer products division. In a letter sent to employees on Tuesday, Josh D'Amaro, head of parks at Disney, detailed several "difficult decisions" the company has had to make in the wake of the coronavirus pandemic, including ending its furlough of thousands of employees. Shares of the company fell less than 2% after the closing bell on Tuesday. Around 67% of the 28,000 laid off workers were part-time employees, according to D'Amaro. The company declined to break down the layoffs by individual park locations. While Disney's theme parks in Florida, Paris, Shanghai, Japan and Hong Kong have been able to reopen with limited capacity, both California Adventure and Disneyland have remained shuttered in Anaheim, California. "As you can imagine, a decision of this magnitude is not easy," D'Amaro wrote in the letter obtained by CNBC. "For the last several months, our management team has worked tirelessly to avoid having to separate anyone from the company. We've cut expenses, suspended capital projects, furloughed our cast members while still paying benefits, and modified our operations to run as efficiently as possible, however, we simply cannot responsibly stay fully staffed while operating at such limited capacity." The parks, experiences and consumer products segment is a vitally important part of Disney's business. Last year, it accounted for 37% of the company's $69.6 billion in total revenue. [link] [comments]  |
| Beyond Meat Stock Is Surging on Expanded Walmart Deal Posted: 29 Sep 2020 12:31 PM PDT Beyond Meat stock is jumping Tuesday after the company announced an expanded distribution agreement with Walmart. The retail giant is planning to take Beyond products into 2,400 stores, up from 800. Beyond Meat stock (ticker: BYND) often reacts positively to news of expanded distribution, but shares are up 10.6% because Walmart (WMT) is special. It's the largest grocer in the U.S. by sales, with a top line of more than $190 billion for its fiscal year ended January 2020. Kroger (KR), the runner up, generated sales of $122 billion in the fiscal year ended January 2020. Walmart has about 4,800 stores in the U.S., giving Beyond Meat about 50% penetration. "Walmart has been a terrific partner and we're excited to strengthen that partnership in depth and breadth as we look to offer more Beyond Meat products at more Walmart locations, furthering our commitment to increasing accessibility of plant-based meat," said Chuck Muth, Beyond Meat's chief growth officer, in the company's news release. As of June 27, Beyond Meat products were available in about 112,000 retail and food service outlets in 85 countries world-wide, the company said. About a year ago the number was 53,000. The growth as been impressive. Beyond Meat stock is up about 122% year to date, far better than comparable returns of the S&P 500 and Dow Jones Industrial Average. Wall Street, however, has some concerns. About 20% of analysts covering the stock rate shares at Buy. And 35% rate shares at Sell. The average Buy-rating percentage for stocks in the Dow is about 58%. The average Sell-rating percentage is less than 10%. What's more, the average analyst price target is roughly $124, below the $167 level where Beyond shares are trading. Valuation appears to be the biggest hurdle for traditional food analysts. The company is valued at roughly 12 times estimated 2021 sales. That's far higher than peers, but Beyond Meat is growing rapidly. Sales in 2021 are expected to surge about 55% from 2020. Write to Al Root at [allen.root@dowjones.com](mailto:allen.root@dowjones.com) Source: Barron's [link] [comments]  |
| Should I let my winners run or take my profits off the table? Posted: 29 Sep 2020 12:59 AM PDT I'd invested some amount in May '20 and the stock has given me back 87% of the amount I've invested in just 5 months! So should I keep the profit invested or should I cash out the profit and invest elsewhere? I'm thinking long term and a lot of people have said to cash in the profits but I'm not really sure! [link] [comments]  |
| Is naked shorting legal in Canada and is it public information if someone is naked short? Posted: 29 Sep 2020 03:19 PM PDT I've just come across a report on a Canadian hedge fund that is allegedly front running stocks and then naked shorting them down. It's really knocked my confidence in Canadian stocks and I'm looking for some way to find out which stocks this is likely happening to? This is the report: https://stockmanipulators.com/moez-kassam-and-anson-funds-a-tale-of-corruption-greed-and-failure/ But all it does is explain the MO of the fund, not how to protect investors from it. [link] [comments]  |
| Is there more in GME (GameStop) to be bullish about beyond pure speculation related to Ryan Cohen? Posted: 29 Sep 2020 08:03 AM PDT Their annualized e-commerce revenue is as big as their EV. And it's growing 800%, now representing 20% of their revenue. If the market change their EV / Revenue multiple to one of a e-commerce, the stock should increase 4x. But I still think that is pure wishful thinking the thesis of turn-around and e-commerce expansion. Although, the market put the stock on a 2x rally. Am I missing something? I am not long on GME, but considering. [link] [comments]  |
| Posted: 29 Sep 2020 07:29 AM PDT Over the weekend I posted my analysis of CHGG and today I decided to try my scorecard on a company I do own: ETSY. I've been long ETSY since 2019 at ~$43. For those who don't know, ETSY is an e-commerce site that has carved out a niche by providing a marketplace for unique, crafty and vintage items. They also recently acquired Reverb, an online marketplace for musical instruments. ETSY gets points for the following:
That results in a total score of 13/21, which is quite a bit better than CHGG's score of 9. Concerns
I actually sold half my position last week because of valuation concerns. The stock price would have to come down quite a bit to make it a good buy. [link] [comments]  |
| Posted: 29 Sep 2020 09:40 AM PDT I am thinking of initiating a position in SPLK. The average price target in tip ranks seem to indicate a 25%+ upside (based on analyst price objectives). Any views if this is a good stock to own for next 3-5 years? [link] [comments]  |
| Posted: 29 Sep 2020 08:54 AM PDT Interested what everyone thinks of the stock offering to raise funds to purchase William Hill. I have owned the stock since it was Eldorado Resorts at $13 and plan to keep holding with the assumption they acquire William Hill and keeps stock price up. Usually I hate offerings but I feel kind of comfortable with this one. Any thoughts? [link] [comments]  |
| New investments ideas with recently sold shares Posted: 29 Sep 2020 03:15 PM PDT So I sold half my Tesla shares.... It was time.... I bought it at 280 pre split..... With it I bought Alibaba - I've had the stock on an off for years and it always does well when I go in Virgin Glactic at 16 USD - it has no fundamental basis or potential coming from a investment MSc who is devoted to everything space.... There product is not great, the plane they want to make is useless and with how slow they are any market share will go to Boom. I only invested what I could lose 100%...if the next launch goes well I will ride the wave a bit but don't expect me to have it more than 1 year Vir - bought at 32... A bit late to the game but liked the dip and their pipeline intrigues me and unlike Moderna I think they are more legit. Alongside These I have some options to buy Mesa and Jetblue which are both in the money and I bought extremely cheap at the outbreak of the crisis (should have sold when I could have got 500% but everyone gets a bit greedy sometimes) . Next I plan to sell off at least half of the VUG etf which because it's my trust account is about 50% of my Portfolio and I think it's tech heavy stocks are going to fizzle out. . What are some interesting stocks you guys have been looking at? I would like to put half of the VUG amount (25% of my portfolio) into something much riskier. I'm also not tied down to the US and western Europe... In fact I want to have some fun in foreign markets [link] [comments]  |
| Stocks vs Buying a Website vs Buying/Starting a Small Business Posted: 29 Sep 2020 03:12 PM PDT Which of these options provides the best risk/reward benefit. I often see in the news that 95% of small business owners fail, or even if they succeed the business isn't that profitable and you make about as much as a low end job 30-40k. Does anybody that own a business feel the same way? I'm attracted to owning a small business because I feel like their is more meaning because your working for something that you feel the work matters for instead of a corporation that can lay you off at any second. And you don't have to work for a ruthless boss and deal with fake nice employees that are actually petty and don't care about you. However, you have to deal with the complex tax rules, the competition, and the facts that it's hard to get started and many small businesses don't make it. I thought of buying an existing business, but if I did that I would have to get rid of all my retirement and go all in on the business, and who knows why the business is for sale in the first place. It seems like a better option that starting out fresh though. My third option I've thought of would be to buy a website off of flippa or something similar. However, some of the websites seem dubious or have really niche markets which is why their cheap. And theres no middle ground either you have really cheap websites or 5 to 10 million dollar websites. If you can roll off 1000 a month profit on a website it seems like this one would be the best option, but how realistic is it, and is it a good idea to even buy a website? My last option is the stock market which I have experience mainly doing buy and hold strategy. The only thing is you have to wait so long and during the down phases of the market like coronavirus, trade wars, bad earnings seasons it gets painful to hold stocks and you start second guessing yourself. But, even then you won't lose near as much money as a business or website where if you buy the wrong one you can lose your whole investment. It's also more passive, so you don't have to attend to the business, deal with hiring laws, regulations etc. However, since the avg return is around 5% or so you'll still have to work a regular job. How would you rate these options from best to worst, and if anybody has any experience buying a business or website I'd appreciate any thoughts, experiences, or advice you have to give. [link] [comments]  |
| Morning Market Synopsis - Tuesday, Sept. 29, 2020 Posted: 29 Sep 2020 07:32 AM PDT US equities slightly higher: Dow +0.02%, S&P 500 +0.14%, Nasdaq +0.17%, Russell 2000 +0.12%
Notable Gainers:
Notable Decliners:
09:20:03 AM CDT on 29 Sep '20 [link] [comments]  |
| Posted: 29 Sep 2020 11:15 AM PDT I'm 21 and I've always wanted to achieve financial freedom. Have been interested in stocks for god knows how long, and finally felt old enough to consider it to supplement my future income. I wouldn't want to invest without knowing what I'm doing. I've done a bit of reading around, but it really seems like a dark art.
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| Posted: 29 Sep 2020 02:55 PM PDT Hello community. I am looking forward into the mexican exchange market. Given that the interest rates seem to stay put for a while there (@0%) I am looking into emerging markets. I know the mexican market the most and I have been doing some due dilligence to enter the market, yet it is much different than the US market. Right now I am expecting a deep decline after the debate (considering an inclination for T...), the political impact is huge and opportunities are so as well. Given so what I am asking is for tips and trick into that market specifically any stocks that may react different, and/or any due dilligence or analysis on the tracks. The USD/MXN may also work. [link] [comments]  |
| Please help with my investment strategy. Posted: 29 Sep 2020 02:42 PM PDT So I just started investing. I'm 21 and almost all my income is disposable so I'm trying to set back around $150 a week right now for investing. My original plan is to invest in individual companies after plenty of research. As of right now I'm focusing on cannabis stocks for long term growth after it gets legalized in the US I think that will be a massive market for growth and I think aurora will be on a huge come up when they tap into that market. I also have some biotech companies that are focused on caronavirus vaccines and was originally planning to sell once the vaccine came out and invest in more sustainable industries, but biotech seems to be one of the most sustainable industries from what I'm reading and watching. Could someone please give their thoughts on this strategy? I don't care if it's harsh I want honest opinions, it's about money not feelings. [link] [comments]  |
| XLE and VDE - Hold onto energy, or bail? Posted: 29 Sep 2020 09:40 AM PDT I've got XLE and VDE, and just checked for the first time in a while, and they got slammed. I got into XLE at $34 and VDE at $46. Down 13%. Should I accept the loss or do you think energy will come back? I plan on getting out of energy anyway, just preferably at a break even or better. [link] [comments]  |
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