Too Hot Investment Thread

WSJ had a good podcast on this last week with an interview with the artist, Beeple. Dude went from no name last summer, to making 130K on 2 NFTs in the fall, 3M in the winter, to this $69M collage of past works.

 

If you guys enjoy podcasts, I recently discovered 2 podcasts that were recommended by an acquaintance of mine that is well off financially. He said these 2 podcasts have helped him alot.

"Choose FI" (choose financial independence)
"Millionaires Unveiled"

I've started listening to these two and I have already learned quite a bit in regards to how I should look at my money and what options are even out there.

 

Quantum scape is doing a secondary listing of 13 million shares. Their price dropped like 15% today. Buying potential again for them. They have a huge contract with Volkswagen so they need to ramp up production

 

Index funds.

 

Who did you go through? I've been contemplating on opening a Roth IRA up with TD Ameritrade but haven't really made up my mind yet lol.

 

It's set up through TD. Their research tools are very in depth and a little confusing for noobs.

 

Fidelity is a good choice

 

Charles Schwab has been good to me, as well as my SIL at Edward Jones.

 

Schwab is good to. I actually have account at Fidelity and Schwab. Dont notice that much of a difference between the 2 except I really like the Fidelity credit card (2% back on everything)

 

Edward Jones is very effective at taking your money through commissions loads and fees.

 

Fidelity is probably the easiest to go through. No minimums and they have some no fee core index funds, plus good customer service.

 

so who had to liquidate and why?

A hedge-fund liquidation has wiped billions from Chinese and US stocks, and no one knows what's going to happen next (msn.com)

what happened at Archegos Capital Management, and why?

created any buying opportunities?

 

One of World’s Greatest Hidden Fortunes Is Wiped Out in Days

 

DISCA and VIAC at good entry spots for long term holds

 

this. what is the total amount under control at these family offices and how much is that leveraged?

Is it really all family money?

Is anybody watching?

Where is Yellen when you need her?

 

reads like the script from Billions, a series worth watching

 

The episodes on ROTH conversion ladders and Capital Gains Harvesting blew my mind. Neither is very useful to anyone with earned income above high 5-figures, but still amazing what you can do within the existing tax code. Our tax code really does punish spenders.