Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!

Too Hot Investment Thread

Discussion in 'Too Hot for Swamp Gas' started by channingcrowderhungry, Feb 11, 2021.

  1. gatorpa

    gatorpa GC Hall of Fame

    11,370
    1,018
    698
    Sep 5, 2010
    East Coast of FL
    TY
     
  2. vaxcardinal

    vaxcardinal GC Hall of Fame

    7,043
    1,063
    2,043
    Apr 8, 2007
    Don’t forget the password
     
    • Funny Funny x 2
  3. lacuna

    lacuna The Conscience of Too Hot Moderator VIP Member

    63,335
    3,709
    2,353
    Apr 8, 2007
    Redlands, Colorado
    Would you guys like this thread pinned at the top of the forum or prefer to let it float?
     
    • Fistbump/Thanks! Fistbump/Thanks! x 4
  4. obgator

    obgator GC Hall of Fame

    1,794
    1,344
    2,103
    Apr 3, 2007
    Pinning it would be great. Thanks.
     
    • Agree Agree x 2
    • Fistbump/Thanks! Fistbump/Thanks! x 1
  5. channingcrowderhungry

    channingcrowderhungry Premium Member

    8,875
    1,985
    3,013
    Apr 3, 2007
    Bottom of a pint glass
    I started it with the intent to keep it running. So if the mods are good with pinning it that would be awesome.
     
    • Like Like x 1
  6. tonto-86

    tonto-86 VIP Member

    83
    9
    1,818
    Nov 6, 2017
    Tennessee
    Pinning it would be awesome.
     
  7. RIP

    RIP I like touchdowns Premium Member

    6,889
    1,963
    3,313
    Feb 2, 2015
    I wouldn't recommend Robinhood. You can never actually get your private key from them. The easiest exchange to use is Coinbase. You can then move it to Coinbase Pro for free and withdraw it to a cold storage wallet like this Ledger Nano X which I would highly recommend if you have any amount that you aren't comfortable with being on the internet.

    If anyone wants to use Coinbase let me know and I can give you a referral link (if you use it we will both get $10 in free Bitcoin).

    Another exchange I have used is Kraken. It is a little more difficult to set up as you will need to wire money to the exchange rather than buying directly using a credit card or bank account. Some like the security of this option better.
     
    • Like Like x 1
    • Friendly Friendly x 1
  8. gatorpa

    gatorpa GC Hall of Fame

    11,370
    1,018
    698
    Sep 5, 2010
    East Coast of FL
    Just to help me understand, and prob a few other here too.
    Am I understanding there is a fee to "store" the crypto?
    Why is that?
    If you are planning on holding it short term(3 months) is there still a fee/ cold storage needed.

    Thanks in advance
     
    • Like Like x 1
  9. wgbgator

    wgbgator Premium Member

    29,780
    1,840
    1,968
    Apr 19, 2007
    Someone got their thread pinned. Well la dee da. :)
     
    • Funny Funny x 1
  10. RIP

    RIP I like touchdowns Premium Member

    6,889
    1,963
    3,313
    Feb 2, 2015
    No you get charged a fee to purchase it and to withdraw it to a cold wallet. You get hot storage for free with Coinbase, so if you don't plan on holding it long term (and also the amount is something you are comfortable leaving in hot storage) then you don't need a cold storage wallet.
     
  11. vaxcardinal

    vaxcardinal GC Hall of Fame

    7,043
    1,063
    2,043
    Apr 8, 2007
     
    • Funny Funny x 1
  12. jhenderson251

    jhenderson251 Premium Member

    3,375
    547
    2,043
    Aug 7, 2008
    You can't "shop around" for PMI, per se, but some mortgage lenders will work with several different PMI companies that you could potentially compare for terms. For instance, some may offer a slight lower fee or an option to "buy out" of PMI.

    My wife and I did that with a recent home purchase. We could have come up with the extra cash for a full 20% down payment, but it would have left us pretty cash poor compared to buying out our PMI for about 2.8K.

    And I'm glad we went that route, in hindsight. The decision allowed me the comfort to invest another ~20K in the market back in March last year. Obviously made a lot more on that money than $2.8K.
     
  13. msa3

    msa3 Premium Member

    2,419
    891
    2,198
    Jan 4, 2013
    Colorado
    I'm pushing XEC today. Mostly because I own a lot of it.

    But they are pioneering electric fracking to reduce their carbon footprint, and are one fo the first natural gas companies to do so.

    And when it goes up, my wife is in a better mood.
     
    • Like Like x 1
    • Funny Funny x 1
  14. G8R92

    G8R92 GC Hall of Fame

    3,163
    342
    353
    Feb 5, 2010
    Don't sell yourself short. You want it up.
     
    • Funny Funny x 1
  15. gtr2x

    gtr2x GC Hall of Fame

    16,231
    1,465
    1,393
    Aug 21, 2007
    Yep, owned it several years ago, recently bought it for less than I sold it. Their debt level is concerning, but as long as they maintain the dividend all good. T mobile seems to be the sexy stock in that space now, due to 5G, but a high PE.
     
    • Informative Informative x 1
  16. gtr2x

    gtr2x GC Hall of Fame

    16,231
    1,465
    1,393
    Aug 21, 2007
    Yep, I've looked at it several times, just can't get on board. Same goes for a friend who has a PhD in finance. Too conservative I guess.

    On the other hand I have a 20something nephew that has 1 bitcoin he bought for $8k.
     
    • Like Like x 2
  17. gtr2x

    gtr2x GC Hall of Fame

    16,231
    1,465
    1,393
    Aug 21, 2007
    Very true, but it can work both ways. I know a couple that took equity out to invest prior to the last recession. When the market collapsed, they ended up losing both the investment and their house.
     
  18. channingcrowderhungry

    channingcrowderhungry Premium Member

    8,875
    1,985
    3,013
    Apr 3, 2007
    Bottom of a pint glass
    We all gotta peak sometime. Now is my time.
     
    • Funny Funny x 3
    • Winner Winner x 1
  19. channingcrowderhungry

    channingcrowderhungry Premium Member

    8,875
    1,985
    3,013
    Apr 3, 2007
    Bottom of a pint glass
    I looked into it a bunch about 5 years ago. A bunch. Decided it wasn't for me then, going on the Warren Buffett concept of don't invest in anything you don't understand. I dabble in it now, but really just more as something I can play with off hours when the market is closed. It's probably 3-5% of my account I mess with
     
    • Like Like x 1
  20. demosthenes

    demosthenes Premium Member

    8,768
    1,060
    3,218
    Apr 3, 2007
    I haven’t looked into but from what I understand you don’t actually own your crypto if you buy through Robinhood. On legitimate exchanges you can buy and then move your cryptocurrency to other exchanges or wallets. As I understand it, Robinhood owns the crypto so you can only buy, sell and “hold” it on Robinhood.
     
    • Agree Agree x 1