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Stock Thread 2019

rodr said:
I would chance it if I thought I was paying less than the IPO price. Otherwise it's a question of how much you know about the company vs. the average investor.
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Pre purchase is at IPO price. I don't have insider info, and I'm locked in 6 months. Any ideas if Uber's IPO will likely bump or drop the price once public? The money is just sitting in savings at the moment, so I figure if I can get 10% out of it in 6 months, not a bad deal. If it's up maybe just pull out my original investment and hang onto what's left? I figure I'm young enough to be a little reckless, but I don't want to throw away 5-10k, my shoebox ford will never get done...:laughing
 
kingmoochr said:
Pre purchase is at IPO price. I don't have insider info, and I'm locked in 6 months. Any ideas if Uber's IPO will likely bump or drop the price once public? The money is just sitting in savings at the moment, so I figure if I can get 10% out of it in 6 months, not a bad deal. If it's up maybe just pull out my original investment and hang onto what's left? I figure I'm young enough to be a little reckless, but I don't want to throw away 5-10k, my shoebox ford will never get done...:laughing
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Yeah in that case it sounds like a crap shoot. You can end up kicking yourself no matter what. See afm199's post.
 
You're asking for a thumbs up on gambling 10% of your savings. Not likely you'd lose all your investment and if getting in at pre IPO you have an advantage. Only you know how much you can afford to gamble and lose.
No one here has any idea where any stock will be in 6 months.

I don't suspect there's many successful money managers who would say take that bet.
 
It smells like 99 all over again. Companies making massive losses are going ipo. Lyft's losses last year were 800ish million? I suspect Uber is going to be worse (at least they have a dominant position in the market). I believe the only profitable tech ipo is Zoom.
 
Blankpage said:
You're asking for a thumbs up on gambling 10% of your savings. Not likely you'd lose all your investment and if getting in at pre IPO you have an advantage. Only you know how much you can afford to gamble and lose.
No one here has any idea where any stock will be in 6 months.

I don't suspect there's many successful money managers who would say take that bet.
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Yeah, it sounds like I may throw $1000 at it just so I don't miss on some epic gamble in the future, but not more than that. On a related note, if I do want to plunk down $5-10k in something more diverse and stable, is that something I should look at now, or wait for a more pronounced market dip that everyone seems to be hinting at and predicting in various non-direct ways?
 
kingmoochr said:
Pre purchase is at IPO price. I don't have insider info, and I'm locked in 6 months. Any ideas if Uber's IPO will likely bump or drop the price once public? The money is just sitting in savings at the moment, so I figure if I can get 10% out of it in 6 months, not a bad deal. If it's up maybe just pull out my original investment and hang onto what's left? I figure I'm young enough to be a little reckless, but I don't want to throw away 5-10k, my shoebox ford will never get done...:laughing
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So you want to gamble your hard earned money on a stock that might make money or might lose money, lots of money. Why? You want 10% return in a market where 5-6% return is not that easy to find.

There's a word for that. "Greedy." Good luck.

Nobody knows what the stock will do, certainly nobody on BARF.

As to investing for the future and waiting: That's called "market timing." It can cost you far more than you might make.

Almost forgot. Lyft has yet to make a profit.

If you want to invest for the future buy something like VOO. Don't put all your money in it ever. Put maybe 10% in it, and hold onto it no matter what. In a year or two you'll know more. I've had position deep underwater that ended up very well. You DON'T know and can't know. That's why it's called risk. If you want a sure thing, buy T bills. You don't get 10% without substantial risk.
 
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afm199 said:
As to investing for the future and waiting: That's called "market timing." It can cost you far more than you might make.

If you want to invest for the future buy something like VOO. Don't put all your money in it ever. Put maybe 10% in it, and hold onto it no matter what. In a year or two you'll know more. I've had position deep underwater that ended up very well. You DON'T know and can't know. That's why it's called risk. If you want a sure thing, buy T bills. You don't get 10% without substantial risk.
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Lyft was an opportunity extended to me. I have no investing experience. I'm going to go with ignorant over greedy. Market timing seems like the key to being "lucky", and my ignorant observation is telling me this doesn't seem like good market timing. I have no reason to risk $5k dollars right now, but I have the ability to. I'm not a dolt, I'm aware trying to make over market average will take risk. I will look into VOO if you feel it would be a good option to make some money in the shorter term.
 
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kingmoochr said:
Lyft was an opportunity extended to me. I have no investing experience. I'm going to go with ignorant over greedy. Market timing seems like the key to being "lucky", and my ignorant observation is telling me this doesn't seem like good market timing. I have no reason to risk $5k dollars right now, but I have the ability to. I'm not a dolt, I'm aware trying to make over market average will take risk. I will look into VOO if you feel it would be a good option to make some money in the shorter term.
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My point is that what you think is an "opportunity" may not be. That's all. Do you have some special knowledge about a company that has never made a profit that indicates it is a good investment? Are you too young to remember the .com boom and bust?

I seldom invest in short term, and don't recommend VOO for that.
 
Yeah I'm coming to that conclusion, especially as the price continues to rise. The upshot is it got me to create a Fidelity account, so I will probably do some more research and try and come up with a short term plan. However, I feel like I need to be waiting on one of these "forecasted drops" to really be able to take advantage of the current situation.
 
kingmoochr said:
Yeah I'm coming to that conclusion, especially as the price continues to rise. The upshot is it got me to create a Fidelity account, so I will probably do some more research and try and come up with a short term plan. However, I feel like I need to be waiting on one of these "forecasted drops" to really be able to take advantage of the current situation.
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Might I suggest rather than waiting for what you may think is a sure thing, to make a smaller investment in today's market? I am pretty sure everyone here remembers Horse and his decision to get out of the market for real estate just before the Dow truly took off. I'm expecting a pull back, and I've been wrong many times on those predictions. That doesn't mean I am all in cash waiting for the birthday present. If nothing else, having a small position interests you in the market and helps you keep track and understand it. If you've got $5k to play with, $1k in VOO might be a great entertainment.

Investment tends to be wagering of future results, not taking advantage of present ones. Taking advantage of present opportunities translates to "market timing."
 
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What’s a good investment at the minute,I have some money not a lot lol weed stocks since everyone is getting into it these days
 
budgie45 said:
What’s a good investment at the minute,I have some money not a lot lol weed stocks since everyone is getting into it these days
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The best return for your money is probably selling weed to middle school kids.
 
:laughing I know you’re hiding that money of yours under the mattress ..
Give me stock tips ,I’m just a poor Irish man trying to make my way in the cruel world


afm199 said:
The best return for your money is probably selling weed to middle school kids.
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I'm rolling my retirement accounts over to Betterment, they're really out ahead of the game when it comes to modern portfolio theory, asset allocation, and making the whole process very user friendly and efficient. Basically done coming up with my own theses about what stock X is going to do on any given day/week/year and moving to a hands off portfolio that's optimized through incredibly extensive backtesting for risk and return.

Stock tip: Once you've got a couple month's expenses in an emergency fund, tell Betterment or another robo-adviser how old you are and when you want to retire, and start putting a couple hundred bucks a month into the account.

Computers are better than people at big data. You may get lucky on a hunch. Or you probably won't.
 
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I'm fascinated by the Lyft offering.

Opened at $87, now down to $80.xx.

I'm wondering where it will close and where it will end up. To me it's just another over hyped digital money clik stock, seeming to offer something special.

Now at $77.xx in after hours.
 
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budgie45 said:
:laughing I know you’re hiding that money of yours under the mattress ..
Give me stock tips ,I’m just a poor Irish man trying to make my way in the cruel world
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Buy some VOO. Just buy a small amount. $500, $1000, whatever. Watch it for a while. If you like what happened, maybe buy more. Investing in stocks isn't necessarily for everyone. It's not quick or easy money.
 
:teeth
afm199 said:
Buy some VOO. Just buy a small amount. $500, $1000, whatever. Watch it for a while. If you like what happened, maybe buy more. Investing in stocks isn't necessarily for everyone. It's not quick or easy money.
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Would the index fund VFINX be essentially the same?
 
I prefer VTI, it goes beyond the S&P 500 into the mid and small caps as well.

But you really should have some foreign stocks as well. Especially emerging markets if you're a long-term investor.
 
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