Too Hot Investment Thread

I would be happy if it didn't move at all. I just want a parking spot for cash.

 

venmo me...i'll park it for you

 

Anyone explore stablecoin on Celsius?

Apparently you can buy USDC which is tied to the us dollar and get 10%.

 

Enjoyed reading this post. I have taken this approach in the last few years since my retirement. One of my brokerage accounts is dedicated to producing income and I have several of these stocks (AT&T, CVX, SO, PFE, O, IBM) and have been looking at some of the others (ABBV, VZ, KMI). The return in that account has been 4.57% in the past year and I like making money without much risk or effort while also protecting assets. I have a pot full of AT&T and will probably sell half or more as the dividend is the sole reason I owned it. Do you intend to lighten you AT&T holdings or ride it out and see what the new company brings? Also agree with using Schwab - I have $0.11 left in a relic account there and can access all their research - a well spent 11 cents.
thanks again for your post

 

Thanks for the response. If you were in T for mainly the higher yield then I think it makes sense to trim some and add to something else. But I think you can be patient in doing so. Personally, I owned AT&T for years as a side car to VZ, but got discouraged maybe 4-5 years ago with management and the general performance of the stock and bailed on it. So I’ve only recently been adding back to it and I like the valuation and the turnaround that’s been taking place. It’s been way overdue. It’s very unloved by the market and I believe any good news will be well received. So at $30 I’m a buyer and would probably trim some if it gets up to 40-45 range.

 

Bought T earlier in the year at 28+, sold it 30+ recently, not a fan of the dividend cut. Too many unknowns for me and mgt has little credibility.
I owned T 20+ years ago at a higher level. Made money, but eventually bailed Dividend doesn't do you much good if the stock price drops.

 

I hope the people that are trading AMC recognize that it trades like a Ponzi Scheme and there is no basis for the current valuation. Doesn't mean that it isn't a great trading vehicle but it won't last forever.

I suspect a big part of what moves meme stocks, AMC, is bigger money traders creating momentum that sucks in the smaller traders hungry for action. What will be the catalyst for the top?

 

Now we have "BANG". Blackberry AMC Nokia Gamestop. We have entered the bizarre. Companies that have little value traded at many multiples of their potential worth based upon tweets by roaring kitties. AMC sells stock to hedge fund. That should be dilutive to existing shareholders, right? No! It's good news! Price goes up. Then hedge fund dumps entire position after taking a profit, which should be negative, right? No! It's good news! If they can make a profit, we can too!

 

^ worked out nicely for my wife. She had an old underwater position in blackberry. Finally able to get out of i today. Saw it at 20, but the time I made the trade on my phone down to 16+. Crazy stuff but happy to get out of it. Never impressed with their CEO.

 

Most of the guys playing these meme stocks are usually in their 20s with the attention spans of a gnat and the life experiences and wisdom to go with it. A few of them are gonna' get rich quick but the vast majority of them are gonna' get burned.

 

I'm aware of the story behind it. But I don't think GME is worth any where close to $300/share. Just be sure to not be the last one holding the bag.

 

they will halt trading on the stock or set new rules ro stop this garbage long before it threatens financial stability again.

 

Yeah I get the whole retail vs big bad hedge funds rich vs little guy dynamic. I don't invest to make a political statement, or to play games. It's mass delusion. I invest for long term growth.

 

So much for "banning" Bitcoin...

El Salvador becomes first country to adopt bitcoin as legal tender after passing law

https://www.cnbc.com/2021/06/09/el-salvador-proposes-law-to-make-bitcoin-legal-tender.html

This will be interesting to watch.

 

What are your inflation hedged investments? As the economy surges and pent-up demand is expressed inflation is becoming a thing - The Fed is expected to raise their rate in 2023 - maybe twice. I've read that REITs can be considered a good investment in an inflationary economy. I have a couple of REITs - one in commercial real estate (O) and the other (DLR) in Data Storage/digital warehouses. Was thinking about a Gold Index fund (GLD?) but would have to sell something if I were to put any significant money in there. Are any of you others out there making plans for inflation?
Fed signals rate hikes for 2023 as inflation rises, virus fades