Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- Today and yesterday are prime examples of why you don't try to time the market
- Another 751,000 Americans filed new unemployment claims last week
- Bitcoin surges past $15,000, hitting its highest level since January 2018
- Virgin Galactic plans to go to space from New Mexico this month! November 19-23rd!
- Is it a bad idea to invest in both AMD and Intel?
- Investing Mistakes - Confirmation & Recency Biases
- Square stock rockets after earnings beat & Over $1 Billion in Bitcoin Revenue
- Cloudflare Announces Third Quarter 2020 Financial Results
- How to get over seeing a stock you nearly chose skyrocket?
- What is your favorite small cap or mid cap stock?
- Are some of the stocks like nio, xpeng etc coming any soon ?
- Transition from Axbax to Itot
- A wild three days for clean energy
- If you ever feel like you're not smart, read SeekingAlpha comments to feel better
- Roku Stock Rises As Streaming Video Platform Posts Surprise Profit
- Index Fund Vs Cash ISA's
- Was Benjamin Graham a fan or disbeliever of index funds?
- Bullish on Nintendo (NTDOY)
- Dropbox Q3 Earnings
- Fed Stays in Holding Pattern With Rates and Asset Purchases Unchanged
- Quick question: why do uber, Lyft, (and soon to be ipo’d) Doordash, postmates etc. have such high market caps?
- Stocks Close Higher, Extending Biggest Weekly Rally Since April
- $TTCF Tattoed Chef, young company with amazing forecasts
- How calls and puts affected AMD yesterday
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 05 Nov 2020 04:09 AM PST If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| Today and yesterday are prime examples of why you don't try to time the market Posted: 05 Nov 2020 01:19 PM PST I don't want call this person out, but there was a discussion on r/investing before the election about the wisdom or lack thereof of transitioning into bonds at "strategic" moments when it is so "obvious" that the market is about to tank. A few weeks ago this nameless Reddit user said he was transitioning 60% of his portfolio into bonds until after the election was decided because he knew the market was going to go down. He scoffed at my advice that investors who try to time the market often miss gains from some of the biggest trading days and can pay a huge price as a result. Several analyses show that if you miss out on just the 10 best trading days over a 20-year span, your investment gains will be CUT IN HALF. This Reddit user was so sure the market would tank after the election, but I'm sure today he is crying into his Chablis. After my back-and-forth with this user I taped a little sign to my computer monitor as a reminder: Keep Calm and Buy and Hold. To that poor misguided investor, sorry for your loss. [link] [comments]  |
| Another 751,000 Americans filed new unemployment claims last week Posted: 05 Nov 2020 05:59 AM PST The Labor Department's latest report reflected the tenth straight week that new jobless claims came in below the psychologically important 1 million mark. And the past several months' worth of weekly new claims have come down significantly from the nearly 7 million new claims filed at the beginning of April. However, improvements have slowed to a trickle compared to the initial legs lower in new weekly claims that ensued after April's peak, and the latest initial jobless claims tally came in worse-than-expected. "Overall, the economy appears to be losing a bit of momentum," Wells Fargo Securities economists including Jay Bryson said in a recent note. "Jobless claims have improved recently but remain elevated." [link] [comments]  |
| Bitcoin surges past $15,000, hitting its highest level since January 2018 Posted: 05 Nov 2020 09:49 AM PST https://www.cnbc.com/2020/11/05/bitcoin-price-hits-highest-level-since-january-2018.html
[link] [comments]  |
| Virgin Galactic plans to go to space from New Mexico this month! November 19-23rd! Posted: 05 Nov 2020 09:03 PM PST Excellent news from Virgin Galactic, they have confirmed the date of the test flight for this month. This will complete the final FAA requirements for full certification of the spaceship and lead to the start of commercial operations this winter⭐️ [link] [comments]  |
| Is it a bad idea to invest in both AMD and Intel? Posted: 05 Nov 2020 08:04 PM PST I keep seeing posts comparing the two companies talking about how it's dumb to invest in one and how the other is clearly the company that will come out on top and the other company will be eviscerated. I'm very new to investing. Intel is the first company I invested in. I've recently sold most of my shares, but not all, in Intel and bought a few AMD shares. Is it a bad idea to hold both? If yes, is it because the market share is zero sum? [link] [comments]  |
| Investing Mistakes - Confirmation & Recency Biases Posted: 05 Nov 2020 06:52 PM PST Introduction:This is going to be a short post regarding two common investing mistakes, specifically Confirmation bias and Recency bias. Anyone is prone to falling victim to these, but by being more aware of them there is much less tendency to unknowingly let them guide our decisions. Confirmation Bias:Simply put this is just ignoring relevant information that goes against our views, and seeking out info that just confirms what we want to believe. We've all seen the posts stating "This is going to happen to stock XYZ", they ignore any facts in the comments refuting their position, and yet, when the stock moves in the opposite direction there is surprise? The best counter is to seek out information that challenges your conclusion, review the company's financials/profiles, read opinions that are opposed to your own, and be honest about your motivations. Are you just trying to make a quick trade? Or an investment? Recency Bais:This is when emphasis is put onto recent events and giving less weight to those that have happened in the past. Recency bias makes us think more in the short term. For example, perhaps we come to the conclusion that the market will keep going up? Or down? Or say an investor buys a stock and it drops over 20% in a month, they might be more likely to view all the related investments as bad due to the recent experience. Perhaps a closer look at the balance sheet would have revealed it was the bad one from the bunch. The point here isn't to completely ignore recent data and trends. This is often what swing trading can be influenced by! The point is to ensure that your decision making isn't too heavily influenced by it, trends can often change dramatically. For several months tech stocks are on fire, and then the next few they underperform the rest of the market. The tendency to think that the most recent strong performers are going to be tomorrow's strong performers, will often leave you disappointed. Whenever you hear "momentum" and "trend" always be cautious, do your research. Additionally think less in the short term, craft a long-term investment horizon with your specific investment goals in mind. Final Thoughts:Everyone is unique in the way they think and go about their investment strategies, some may be more prone to some biases than others may be. It is important to remember that no one person is an expert, seek out opinions, and if you need more discipline then make yourself a rules-based checklist for investments. Prevent the FOMO. There are a lot more biases that influence our thinking, reading up on them to be more aware how they can influence your decision making will make you a better investor in the future. As always thankyou for reading, hopefully this short post got some brain juices going. If anyone has some strategies they use or another common bias they see people falling victim to then please comment. Have a good night everyone. EDIT: Keep an open mind, acknowledge your shortcomings, be open to CONSTRUCTIVE criticism, listen, and don't sell out of the market before an election because someone "predicted" it was going to drop. No one has a crystal ball. [link] [comments]  |
| Square stock rockets after earnings beat & Over $1 Billion in Bitcoin Revenue Posted: 06 Nov 2020 02:38 AM PST https://www.marketwatch.com/story/square-stock-rockets-after-earnings-beat-11604612690 Square's revenue for the third quarter climbed to $3.03 billion from $1.27 billion, whereas analysts tracked by FactSet had been modeling $2.04 billion. Excluding bitcoin revenue, the company generated $1.40 billion in revenue, up 25% from a year earlier. The revenue total included $965 million from the company's seller business and $2.07 billion from its Cash App business. When excluding bitcoin, Cash App revenue came in at $435 million, up 174% from a year prior. https://www.coindesk.com/square-cash-app-bitcoin-q3-earnings "Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020, up approximately 11x and 15x year over year, respectively," the publicly traded payments firm wrote in its Q3 investor letter published Thursday at the market close. For comparison, in the second quarter of 2020 the publicly traded payments company sold $875 million through its Cash App with $17 million in profit. Square sold $516 million in bitcoin over the entire year of 2019. [link] [comments]  |
| Cloudflare Announces Third Quarter 2020 Financial Results Posted: 05 Nov 2020 01:52 PM PST Third Quarter Fiscal 2020 Financial Highlights
https://finance.yahoo.com/news/cloudflare-announces-third-quarter-2020-211500643.html [link] [comments]  |
| How to get over seeing a stock you nearly chose skyrocket? Posted: 05 Nov 2020 03:02 PM PST Hi At the beginning of the pandemic I decided that I wanted to take a look into stocks and while I don't have alot of disposable income I did at the time have a few hundred pounds to play with. I decided instead to make a demo account and see how things go. One of the stocks I bought on the demo account was NIO. At the time the stock was going for $2.40. I remember at the time telling myself to get a few hundred shares and leave it but I didn't as I read too much about avoiding Chinese stock and over time as the price increased I've just sat back and watched it fly and my feeling of missing out grows stronger. I don't have alot of money and do have bills to pay so how do you get over seeing a stock skyrocket that could have changed that? I've told myself many times that I would have sold long before now and would be kicking myself for a different reason, probably when I saw the price double but it isn't much comfort to me currently. [link] [comments]  |
| What is your favorite small cap or mid cap stock? Posted: 06 Nov 2020 12:00 AM PST Topic. I've read some studies that historically, small cap stocks collectively have beaten the S&P 500 the majority of the time. So what is your favorite small or medium cap stock and why? Also it doesn't necessarily have to be under 10 billion. But it shouldn't be something that's already massive (> 100 billion.). So there's room for 20-50 billion cap stocks as well. [link] [comments]  |
| Are some of the stocks like nio, xpeng etc coming any soon ? Posted: 05 Nov 2020 08:53 PM PST I am trying to enter some Chinese companies like xpeng, nio but they seem to be climbing the exponential ladder since weeks maybe months. Is someone expecting a pull back/holiday season normalisation or any event in which they might either drop a bit or flatten? I feel 40+ for nio and 35+ for xpeng is pretty expensive. [link] [comments]  |
| Posted: 06 Nov 2020 02:43 AM PST I just took over an Ameriprise account that had been in trust for me. I already migrated it to Fidelity, but I want to get it out of AXBAX and into ITOT due to lower expense ratio and difference in performance. Any suggestions on the best way to do this and minimize the tax implications? (or any other concerns) Account is up around 8% from when I took it over. [link] [comments]  |
| A wild three days for clean energy Posted: 05 Nov 2020 06:14 AM PST Just as a disclaimer Im not telling anyone to buy clean energy. Do your own research. Im just trying to put some analysis on the gyrations in the last three days. But the stocks in clean energy seem to be closely predicated on election results and what do we know from the last three days? Firstly, a blue wave was predicted from sites like 538 and Politico and of course Reddit but this site has become as big of an echo chamber as our Aunt's Facebook feed. Notwithstanding, those in the know were betting on a blue house, a blue senate, and a blue presidency. If that happens clean energy stocks shoot up because there might be legislation, incentives for companies, etc. Lets just take ICLN for instance. Again, Im not recommending this ETF at all, its just easy, its just clean energy in there, nothing else. We saw it have a pretty good run-up to the election because the smart money was on blue in this election. Now, what happened on election night? There was no blue wave, that was for sure. It looked like Biden would squeak out a victory but the Senate would go red, leading to gridlock. Wall Street liked the gridlock part and the likely stimulus part so the market rocketed up yesterday. But clean energy went the other direction. Right when the market opened ICLN was down over 4%. Why? Smart money was wrong on blue. No blue wave, no green new deal, no incentives for energy, nothing passing with a Red Senate. Eventually throughout the day ICLN gained some ground but finished the day horribly juxtapositioned with an incredibly strong market day. ICLN ended down 1.29% and QQQ ended the day up 4.46%, one of the strongest days of the year for the market. Quite a disparity between ICLN and QQQ. But if you look at pre-market you will see ICLN up more than 6% in pre-market trading. Thats a pretty incredible pre-market surge. Just as a caution sometimes you have to be careful pre-market. Trades of only 500 shares or something will come in and it will make the futures look wonky. But as of 8am CST ICLN had traded over 40K pre-market. That never happens. Average volume is only 3 million. So what the fuck is going on with clean energy this morning? The answer, in a word, is Georgia. Republicans right now safely control 50 seats in the Senate headed for a sure 51 with Perdue in Georgia. Perdue garnered over 52% of the vote for Senate, easily outdistancing Democratic challenger Jon Ossoff. So that would make for a Red Senate. However, something crazy happened overnight in Georgia. As of this morning Perdue is still well ahead. But here is the crazy part. His percentage now is 50.00%. Most of the remining votes are from Atlanta and that leans more democratic. And here is the even crazier part. In Georgia if you don't get more than 50% of the vote, it doesn't matter how much you won by you don't become the Senator. You have to go to a new run-off race in January. And with no Trump at the top of the ticket the race would be close but favorable to Democrats. The other race in Georgia is already going to a run-off. What happens if Democrats win both races in Georgia in January? A 50/50 Senate split. Right now it looks like Biden will win the presidency, barring some unforseen calamity. What happens on 50/50 ties? Kamala Harris gets the tiebreaking vote. So essentially Georgia could lead the way to a Blue senate, that is the difference today. How do a Blue Senate and Blue House and Blue Presidency affect clean energy? The 6% up pre-market should be a clue. Was it a blue wave? Definitely not. A blue ripple? I would say yes. [link] [comments]  |
| If you ever feel like you're not smart, read SeekingAlpha comments to feel better Posted: 05 Nov 2020 02:42 PM PST I just read this article https://seekingalpha.com/article/4385369-altria-should-stop-nominal-dividend-raises where the author makes a case for buybacks and how that can help increase the dividend per share. Literally every single person commenting on that article completely missed the point and says "I don't want them to freeze/cut the dividend". [link] [comments]  |
| Roku Stock Rises As Streaming Video Platform Posts Surprise Profit Posted: 06 Nov 2020 02:34 AM PST https://www.investors.com/news/technology/roku-stock-q3-2020-roku-earnings/ The San Jose, Calif.-based company earned 9 cents a share on sales of $451.7 million in the September quarter. Analysts expected Roku to lose 40 cents a share on sales of $367.8 million. In the year-earlier period, Roku lost 22 cents a share on sales of $260.9 million. Roku has been investing heavily in international expansion and its advertising-supported, video-on-demand services. The company added 2.9 million active accounts in the third quarter, giving it a total of 46 million user accounts. Average revenue per user increased 20% year over year to $27 in the period. [link] [comments]  |
| Posted: 06 Nov 2020 01:54 AM PST I'm new in the investing/saving world and wondering where the best place to keep my money is. I've just put a little bit of money into an index fund, but the idea of compound interest in cash ISA's is making me wonder if it was the right choice. If I understand right, in a cash ISA, I will get an interest rate that over time compounds. In an index fund, I buy shares which over time are likely to increase in value (with higher rates). Will I receive dividends from an index fund (I use Vanguard Lifestrategy), and will this equate to higher returns as well? I'm considering both short-term and long-term gains. Is either of these also the best way to invest/save my money? I live in the UK, and am in the process of investing money into my Lifetime ISA as well. Thanks :-) [link] [comments]  |
| Was Benjamin Graham a fan or disbeliever of index funds? Posted: 06 Nov 2020 01:08 AM PST I've just begun reading The Intelligent Investor and came across the following passage: "In our own stock-market experience and observation, extending over 50 years, we have not known a single person who has consistently or lastingly made money by thus "following the market." Is he talking about index investing or am I reading this wrong? [link] [comments]  |
| Posted: 06 Nov 2020 12:24 AM PST Nintendo's profits surged more than 240% in its fiscal quarter ending September 30th, as demand for the company's Switch console and Animal Crossing video game skyrocketed amid the COVID-19 pandemic. The Japanese video game company shipped more than 6.5 million Switch consoles in the quarter with Animal Crossing being the best title with 14.27 million sold. As of September, lifetime-to-date sales of the Switch consoles reached 68.3 million units worldwide. Demand for the Switch reached a record high in the wake of stay-at-home orders due to the pandemic, which also caused Nintendo to run into supply issues with the console due to factory shutdowns in China. Those closures triggered component shortages and slowed output for factories in Vietnam where the Switch is manufactured. As of now, there is still a shortage of both versions of the Switch at major retailers around the globe. I believe the company can transform into one that's able to roll out incremental new platforms while retaining its user base. Hit products such as the Wii were often followed by much less successful ones, such as the disastrous Wii U. With each new console, Nintendo rolled the dice on making the new machine a success, and while it got things right this generation with the Switch, a successor console would have no guarantee of similar sales. With every console generation, the install base resets to zero and their earnings power essentially resets to zero. Nintendo can break free by releasing a new and more powerful iteration of the Switch every few years. They can continuously have an install base of say 100 million consoles out there, that just moves along over time. That kind of perpetual platform model already exists: Apple Inc.'s iPhone. Like the smartphone, new versions of the Switch could be backwards-compatible with all games released so far while becoming more powerful and feature-rich. That would keep customers locked into Nintendo's entertainment ecosystem on top of its exclusive first-party titles while making profits and sales more predictable. Right now, Nintendo gets 5%-10% of revenue from everything that isn't Switch-related, depending on what quarter or year is being looked at. Nintendo management, traditionally secretive about future plans, has hinted that it wants to change its dependency on a single console going forward. Here are a few things we know are coming: Theme parks. Nintendo is partnering with Universal to build Super Nintendo World parks in Japan, Florida, California, and Singapore. Like Star Wars: Galaxy's Edge at Disney parks, Super Nintendo World is meant to be a 100% immersive experience where visitors feel like they are in one of Nintendo's games. Construction started on the Japan park in 2017, and it is supposed to be open in 2021, depending on what happens with COVID-19. Video entertainment. With the rise of streaming budgets and modern animation technology, Nintendo has started partnering/licensing its IP for movie and TV production. A Super Mario Bros. film from the makers of Despicable Me is supposed to come out in 2022. It will be animated (as opposed to the trainwreck 1993 version) and focused on a family audience. A Legend of Zelda movie has been rumored to be coming to Netflix, although nothing material has been announced so far. Nintendo President Shuntaro Furukawa said in the future visual content may not be limited to just film, and that Nintendo's main goal is to invest in entertainment to attract new fans to its content. Hybrid physical and digital games. Movies and theme parks may be the largest opportunity for Nintendo, but investors shouldn't forget physical games and toys. For example, the company just released Mario Kart: Home Circuit, where users not only race cars and characters on a screen but also with a physical racing track. [link] [comments]  |
| Posted: 06 Nov 2020 04:00 AM PST --- Year-over-year --- Revenue $487.4m increase of +14% Gross Margin (GAAP) 78.8% from 75.5% Gross Margin (Non-GAAP) 80% from 78.7% Operating Income (GAAP): $30m +261% Operating Income (Non-GAAP): $112m +100% Net Income (GAAP): $32.7m vs -$17.0m Net Income (Non-GAAP): $110.2m from $55.9m (+97.1%) Operating Cash Flow $200.9m from $149.7m (+34.20%) Free Cash Flow: $187.0m from $102.5m (+82.44%) ARR: $ 1.981b increase of $49.8m (+12%) Paying users: $15.25m from 14.00m (+8.93%) Average revenue per user: $128.03 from $123.15 (+3.96%) Source: https://dropbox.gcs-web.com/node/8746/html They did better than expected but for some reason the market didn't like it, why? [link] [comments]  |
| Fed Stays in Holding Pattern With Rates and Asset Purchases Unchanged Posted: 05 Nov 2020 12:11 PM PST Federal Reserve officials kept monetary policy in a holding pattern, leaving interest rates near zero and making no change to asset purchases, as the final results of U.S. presidential and congressional elections remain uncertain. [link] [comments]  |
| Posted: 05 Nov 2020 02:11 PM PST Sure. They won prop 22. But they're not even close to profitable. They have no path to profitability and their main attempt at self driving R&D (sending someone to google to steal industry secrets) backfired on them. I can't see how they'll manage to survive for the 30-50 years before fully automated driving comes into play now that Sand Hill Road has taken away their venture capital teet. Yes there will be a point where you'll just need a warm body behind the wheel sooner than that but that still has labor costs. Perhaps im not seeing some super secret strategy they have here but frankly my micro cap stocks have way more FCF and gross margins than these supposed tech giants. [link] [comments]  |
| Stocks Close Higher, Extending Biggest Weekly Rally Since April Posted: 05 Nov 2020 01:21 PM PST
https://www.wsj.com/amp/articles/global-stock-markets-dow-update-11-05-2020-11604558023 [link] [comments]  |
| $TTCF Tattoed Chef, young company with amazing forecasts Posted: 05 Nov 2020 06:13 PM PST More facts and oppinions then serious DD. I will be posting a fundamental analysis next week and you can have a taste of the techinal on the bottom of this post. Tattooed Chef is a young plant based food company that became publicaly listed few mouths ago via SPAC. The company was established in 2018 and has been rapidly growing ever since. In the first half of 2019 they reported 33mil in sales, and a 104% increase raised the revenue to 67 mil in the first half of 2020. Their investors presentation looks pretty promising (google "tattooed chef investor presentation" first link). From their 10-Q you can see that from 2019 to 2020 they burned 1 billion of cash in hand, which is normally a good sign of heavy investments. My logic behind it is that it is pretty immune to Covid-19. 1. With restaurants being closed and people staying at home will only increase their sales. 2. People are exercising a lot less during this pandemic and an alternative to a half an hour jog or 20 pushups is to buy a cauliflower pizza instead. 3. People have too much free time and are oftenwatching neflix documentaries. Two of the top 20 documentaries rn are about healthy diet and how vegan saves lifes (What the health and The game Changer (you have a couple more)), which is backed up by a lot of facts. So this will also encourage people to eat healthy. 4. I read the reviews at walmart and their FB page and are nothing but good!! Only reason couple of people are complaining, is because it is expensive and corona won't have a major effect because most people who can afford their products on regular basis still have a job or are back to work. 5. Their earning call is coming in on the 11.9, which in my oppinion will be pretty good. 6. Mark Cuban showed interest for TTCF in one of his tweets last week. Do your own DD and give me your oppinion. What is you target price in few years? From a techincal perspective I think that the trend is now turned upward and that 16.55 two days ago was the lowest. I know that some articles might say that p/e is insane, but they are not taking in to account the growth and the trendiness of the stock Good luck trading and have a good evening [link] [comments]  |
| How calls and puts affected AMD yesterday Posted: 06 Nov 2020 12:05 AM PST Check this out, I found it super interesting. http://goldensweeps.com/stocks/amd.html
However is in that call is now richer. [link] [comments]  |
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