1. Cryptocurrency Warning:
    The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price.
    Please be aware that any information provided here can be the opinion of the author. Trade at your own risk.
    Dismiss Notice
  1. x65943

    OP x65943 the end is nigh, buy doge coin
    Global Moderator

    Joined:
    Jun 23, 2014
    Messages:
    4,836
    Country:
    United States
    So I am new to investing and I'm wondering what you guys are investing in. How do you decide what to invest in?

    currently invested in GME (lol), LLY, SNE, NVDA, TSLA, SIRI and AMCX.

    I admit I'm kind of just throwing money at random things and hoping it sticks. I've heard you should invest in companies you believe in - do you think there is any truth to that?

    Anyhow, interested to hear what you guys are investing in and your rationale.
     
    Scott_pilgrim likes this.
  2. Flame

    Flame Me > You
    Moderator

    Joined:
    Jul 15, 2008
    Messages:
    5,708
    all life's savings is in dogecoin.
     
  3. Windaga

    Windaga GBAtemp Maniac
    Member

    Joined:
    Sep 12, 2009
    Messages:
    1,108
    Country:
    United States
    About $300 worth of dogecoin, and looking to get into other penny stocks. Just starting out, so hoping to have a little fun and make some play money.
     
    Scott_pilgrim likes this.
  4. CompSciOrBust

    CompSciOrBust GBAtemp Fan
    Member

    Joined:
    Sep 9, 2019
    Messages:
    372
    Country:
    United Kingdom
    I'm throwing all my money in to Temp Coin
     
    Scott_pilgrim, Taleweaver and x65943 like this.
  5. Physix

    Physix Member
    Newcomer

    Joined:
    May 25, 2020
    Messages:
    27
    Country:
    Germany
    Dogecoin to the moon!
     
    Scott_pilgrim likes this.
  6. Taleweaver

    Taleweaver Storywriter
    Member

    Joined:
    Dec 23, 2009
    Messages:
    7,892
    Country:
    Belgium
    I never meant to invest, but it hearkened almost incidentally.

    See, I always saved up since... Well, birth, really. Whenever there was an occasion (birthday, Christmas,...), half of what my grandparents gave went directly in that saving account.
    I only got access to that on my 18th,but by then I was used to live quite sober.
    Even when I started working, I hardly changed my habits. There were months I saved almost half my salary. Never got a car, have no expensive hobbies.
    ... And then I bought my apartment. As a result of this behavior, the mortgage was relatively low (and my parents wouldn't want to lend it to me, or it would've been paid back by now). It'll end at the end of 2022.

    So when I met my girlfriend and she wanted to move (after living with me for 3 years), I made it clear I was NOT going to sell my home. So I searched and found someone to rent from me.

    While it has some responsibilities, he's basically paying off my mortgage and still providing around 150 euro per month profit. Which will be 650 per month in a couple of years (Or more, if inflation kicks in).

    So... It certainly turned out a good investment so far,and I could probably make even more of I sell the apartment for a profit. But that was never my goal.
     
    Scott_pilgrim, x65943 and CallmeBerto like this.
  7. notimp

    notimp Well-Known Member
    Member

    Joined:
    Sep 18, 2007
    Messages:
    5,512
    Country:
    Laos
    Uhhh... thats dangerously against the current PR trend. ;) Young people are basically told that they are never allowed to own anything anymore in their lives - because we -

    - Dont want them to attain personal wealth, as they are inherenting it when they are 50.
    - Dont want them to add to anything that ads to production based growth, so we press them into service ecosystems where they get stickers for increasing social wellbeing
    - Have a real problem - in europe at least, where all the investment money went your route, as housing was seen as a safe investment - even after the housing bubble in the US burst, as a result the housing market went like this:
    https://www.globalpropertyguide.com/Europe/price-change-10-years
    So people bought sever ones, and then made AirBB a trend (meaning - if their renters would only detract from the lot value (through use), you have many properties staying empty for most of the year - getting rented out to people in the city tourism trail for a few months, making up for 'lost rent').

    Most younger people never are able to get into the position to afford a mortgage to own their homes (dont forget about half of all US citizens had 500 USD set aside for 'difficult times' when the crisis hit), and we needed millennials to spend investing everyone out of the 2008 crisis - which was done via having them buy smoothies and services, and not get into long term investments (low long term interest rates, so saving was futile - especially since we invented hole new categories of temp and gigworking jobs at the same time).

    So we did everything possible to tell millenials, that they didnt want to own housing - and that they shouldnt care - until they are 50, and then fight with heirs who actually acquired multiple homes over living space. But only after boomers had died.
     
    Last edited by notimp, Feb 3, 2021
  8. Taleweaver

    Taleweaver Storywriter
    Member

    Joined:
    Dec 23, 2009
    Messages:
    7,892
    Country:
    Belgium
    Erm...yeah. I disagree with most of what you say, but I presume you're saying this rather tongue-in-cheek, so that's okay. :)

    Truth is, my father did the same thing (bought a house, renovated it, started gradually renting but now completely rents out the four floors), and so does my brother (his current appartment as well as his girlfriend's house are rented out). While I have/had the lowest mortgage, they're better off in the long run.

    Of course I was aware of the housing bubble (bought mine in 2012...so barely four years later). But to be honest, that +32% graph doesn't interest me. Sure, it would mean I would roughly be selling for 32'000 euro's profit (which isn't a small fee), but that price could drop well below my initial purchase price as well. I don't care. I don't see it as an investment. Well...okay, I sort of do, but not as a means to speculate.


    The problem most millenials have is that they're unable to save. Not only through fault of their own but because society's pushing for instant gratification and job security is low (and in Belgium, it's actually pretty good, relatively speaking). My girlfriend's ten years younger and it's often as if she's living in another world. Over 3/4th of our price in groceries are what she eats, our daughter has over twice as much toys and clothes as I had at her age, she always wants on faraway holidays, and so on, and so on. Meanwhile, her workplace (a hospital) offered the job both to her and another one. With a re-evaluation in a year, so while extremely unlikely, she can get fired pretty easily.
    ...and she's jealous of me and my family for our houses. I can't blame their parents (who had low-paying jobs), but she'll soon buy her third car in five years. Yet all the time she cannot see that the luxuries I'm denying myself directly went into the profit of that house.

    ...but I'll stop now. This thread is about investing, and not about dissing people for choices they often don't even have (I wouldn't have been able to live without a car outside of a city, for example).
     
    Scott_pilgrim likes this.
  9. notimp

    notimp Well-Known Member
    Member

    Joined:
    Sep 18, 2007
    Messages:
    5,512
    Country:
    Laos
    Hard to imagine, if you bought in the right area.. ;)
    (The right area is, where there will be a forseeable economic pull, in the next years, because of reasons (watch Peter Zeihan if you want to know those states within the US.. ;) .))

    Which is kind of the point. :) Its a very good investment if you can get it - but perception for so many people out there was that they never will be able to afford to (and that already ample living space is available for rent (hint, hint)) - that you had actual PR telling people to not look into the housing market, or long for investment in that sector - because "it might be better for them to rent".

    Also - people doing 'empty spending' on 'services' in the US is really what brought you out of the recession earlier.

    The reason young people were doing that, was because long term interest rates were fixed at 0% or negative rates after inflation, if they didnt go into specualtive investments themselves. This prevented people from saving (money is woth less tomorrow) - which jumpstarted your economy. After 2008 there was no 'borrowing' to help people - faulty credit was bought up - and people were left to fend on their own.

    Oh - I promised PR... :)





    There is an argument to make, that millennials were only supposed to engage in empty spending in their "youth" and that their values would change as they got to the age where they'd think about children - but luckily, then the next crisis hit. :)

    The point being - the barrier of entry to buy property might be quite high, for a lot of people - so they cant access those markets. So they might install the Robin Hood app on their phones - (get all their data sold and...) hence this subforum exists in the first place.

    More or less.. . ;)
     
    Last edited by notimp, Feb 3, 2021
  10. notimp

    notimp Well-Known Member
    Member

    Joined:
    Sep 18, 2007
    Messages:
    5,512
    Country:
    Laos
    FIrst Robin Hood app Superball ad:
    https://www.businessinsider.com/rob...mestop-wallstreetbets-growth-2021-2?r=DE&IR=T

    Tagline "Everyone is an investor".

    So let me voice out loud what I think. This entire movement. This entire trend has been manufactured to...

    Get everyday people who cant afford to invest into the housing market into speculative investments, where they can take each others wealth by betting on growth that never has to manifest.

    Lets say it works as designed - half of the people will loose their savings, and be more content to the live as a future disenfranchised person (as they did 'do it to themselves'), the other half might get enough money in that game to afford to own housing or more.

    The real winners are

    - the people who are allowing you to do that for a transactional fee
    - the 2% because that form of speculation (basically casino), is not how they made, sustained or increased their wealth. Much too risky. And it sets up people to fight against their own peers. (If most of future growth should be speculation driven.)

    "Everyone is an investor" means games - (as in bread and circuses, the circuses part), for everyone.

    The new scratch ticket might cost someone their lives savings, but we are all having fun, pretending, that everyone can be a winner.

    Thats why this forum exists. People want to be first. So they are less likely to become the suckers. So lets pool our knowledge and play?

    So I'd invest in Robin Hood. Or any scheme thats set up to distribute money within an age group, thats not the state.
     
    Last edited by notimp, Feb 5, 2021
  11. x65943

    OP x65943 the end is nigh, buy doge coin
    Global Moderator

    Joined:
    Jun 23, 2014
    Messages:
    4,836
    Country:
    United States
    "the people who are allowing you to do that for a transactional fee"

    The issue here is they don't charge any transactional fees whatsoever
     
    Scott_pilgrim likes this.
  12. notimp

    notimp Well-Known Member
    Member

    Joined:
    Sep 18, 2007
    Messages:
    5,512
    Country:
    Laos
    For being able to bet on trends early ("rebates from market makers"), and savings on virtual trading flows, that dont have to be executed.

    You still pay your brokerage fee - just in bulk and through other revenue streams, with the individual being told, that there is none.

    https://www.investopedia.com/articles/active-trading/020515/how-robinhood-makes-money.asp
     
    Last edited by notimp, Feb 5, 2021
Draft saved Draft deleted
Loading...

Hide similar threads Similar threads with keywords - investing,