Investing Thread

[MU82]

GME, AMC, etc dropping like rocks today.

Oh well ... it was fun while it lasted.

Glad my son-in-law made enough in his little trade to buy each of us a $13 beer. It was delish!

[StillAWarrior]

GME, AMC, etc dropping like rocks today.

Oh well ... it was fun while it lasted.

Glad my son-in-law made enough in his little trade to buy each of us a $13 beer. It was delish!

From my perspective as primarily a fund investor (mutual...not hedge), I'm just hoping that the fund managers have pulled the right levers at the right times (or didn't pull any at all, if that was the right play). It sure has been interesting to watch, though.

[MU82]

From my perspective as primarily a fund investor (mutual...not hedge), I'm just hoping that the fund managers have pulled the right levers at the right times (or didn't pull any at all, if that was the right play). It sure has been interesting to watch, though.

Yep. It's been amazing to watch. I didn't think anything like that was possible.

There already have been book deals and movie rights deals signed, BTW.

[buckchuckler]

Yep. It's been amazing to watch. I didn't think anything like that was possible.

There already have been book deals and movie rights deals signed, BTW.

GME went from like 80 to about 120 in a half hour. 

This volatility is wild.

[MU82]

I just saw a brief proposal for a "transaction tax," with the belief that even at 0.1 percent of a trade’s value, it could reduce the attractiveness of the high-speed trading that gives sophisticated Wall Street firms a huge advantage.

I have to think about that a little before I decide if it makes sense to me or not.

[JWags85]

I just saw a brief proposal for a "transaction tax," with the belief that even at 0.1 percent of a trade’s value, it could reduce the attractiveness of the high-speed trading that gives sophisticated Wall Street firms a huge advantage.

I have to think about that a little before I decide if it makes sense to me or not.

Unless they find a way to limit it to high speed trading, which IMO they never would, I hate it.  So a tenth of a percent of traded value.  Now you have an actively managed pension fund, which if they trade through their funds value 10 times in a year, they shave off a percent of profits. 

And that’s not been factoring in if it would be on both the opening and closing transactions, cause then you’d get to .2% of every trade value.  That sucks

[TSmith34, Inc.]

Bezos stepping down from AMZN

[Hards Alumni]

Bezos stepping down from AMZN

As CEO, he is still an exec.  No clue why he didn't do this some time ago.  He can avoid the bad press and enjoy his billions.  Hard for him to be such a capitalist and hang out in his preferred social circles.

[Lennys Tap]

Unless they find a way to limit it to high speed trading, which IMO they never would, I hate it.  So a tenth of a percent of traded value.  Now you have an actively managed pension fund, which if they trade through their funds value 10 times in a year, they shave off a percent of profits. 

And that’s not been factoring in if it would be on both the opening and closing transactions, cause then you’d get to .2% of every trade value.  That sucks

+1

[MU82]

Unless they find a way to limit it to high speed trading, which IMO they never would, I hate it.  So a tenth of a percent of traded value.  Now you have an actively managed pension fund, which if they trade through their funds value 10 times in a year, they shave off a percent of profits. 

And that’s not been factoring in if it would be on both the opening and closing transactions, cause then you’d get to .2% of every trade value.  That sucks

Yeah, I think I agree. And I don't see it happening. Good points throughout.

[Marquette4life]

If you had 500 dollars to invest and wanted to be a little bit on the riskier side, what would you invest in?

[Skatastrophy]

If you had 500 dollars to invest and wanted to be a little bit on the riskier side, what would you invest in?

VTI

[Hards Alumni]

If you had 500 dollars to invest and wanted to be a little bit on the riskier side, what would you invest in?

Etherium or Bitcoin.

[MU82]

If you had 500 dollars to invest and wanted to be a little bit on the riskier side, what would you invest in?

If I'm gonna gamble on the market, I like gambling stocks. DKNG, GAN, DMYD, etc. I'm long DKNG and still researching the other two, which are "pick-and-shovel" stocks to the industry.

Not a recommendation. Just saying what I'm doing.

[Not A Serious Person]

If I'm gonna gamble on the market, I like gambling stocks. DKNG, GAN, DMYD, etc. I'm long DKNG and still researching the other two, which are "pick-and-shovel" stocks to the industry.

Not a recommendation. Just saying what I'm doing.

PENN?

[MU82]

PENN?

Another good one. I don't own it, but I might someday.

[TSmith34, Inc.]

If you had 500 dollars to invest and wanted to be a little bit on the riskier side, what would you invest in?

You can send it to the TSmith34 SPAC. I'll figure out what we are investing in later.

[Not A Serious Person]

Another good one. I don't own it, but I might someday.

WYNN?

[MU82]

WYNN?

Is this what we're gonna do?

Yeah, sure, WYNN.

Also, in advance, other quality gambling-related names.

[Marquette4life]

definitely will invest in draftkings. Any other stocks in other sectors of the economy are helpful

[Not A Serious Person]

If you had 500 dollars to invest and wanted to be a little bit on the riskier side, what would you invest in?

60% Ark/40% Cryptos

[Hards Alumni]

I also put some money in WKHS a couple of weeks ago.  Hopefully, they get the USPS contract to replaced all of the mail delivery trucks with their EVs.

[forgetful]

PENN?

Is MUScoop investing the new Wallstreetbets?

Mention a stock and it shoots up 20% in a couple days.

What are we targeting next?

[The Hippie Satan of Hyperbole]

Is MUScoop investing the new Wallstreetbets?

Mention a stock and it shoots up 20% in a couple days.

What are we targeting next?

Sultan, Inc.

[Hards Alumni]

Is MUScoop investing the new Wallstreetbets?

Mention a stock and it shoots up 20% in a couple days.

What are we targeting next?

Look at their 52 week hi/low

A lot of money was made when people bought at under 4