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Old 04-10-2020, 09:14 AM   #46
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I quit betting on Oil volatility years ago, when I got burned to the tune of $100k basically overnight. The only thing you can count on with oil is volatility.
I definitely wouldn't gamble with such a number!
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Old 04-10-2020, 09:20 AM   #47
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ooooouch.
thats worse than when I told my mom to put the farm on Google back early 2000's when it opened. did she listen then? no. will she listen to me now? no; she still got all her stock $ in the fortune500, which i think is virtual suicide right now. good long term bet sure, but if i was a Fortune500 guy, i'd sell it all now and wait for the *maybe* coming corona drop#2, THEN reinvest and set it and forget it.

yeah pg&e is risky, but like, what they gonna do? go under? they just seem too big to fail in my eyes. but i've known them all my life and never anything different for a gas and power provider, so i'm biased with blinders i'm sure
The point of PG&E is that it's a utility and typically you buy utilities for the nice dividend. Part of the PG&E settlement is that stockholders are going to eat their shorts for several years of no dividends as the divs are used to pay the bills for the lawsuits and settlements.
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Old 04-10-2020, 09:21 AM   #48
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I definitely wouldn't gamble with such a number!
Yah know, sometimes you think it's a sure thing, lol.
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Old 04-10-2020, 09:37 AM   #49
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yeah pg&e is risky, but like, what they gonna do? go under?
Could happen. Ask people that were holding GM stock in 2009.

Never try to catch a falling knife.
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Old 04-10-2020, 09:39 AM   #50
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Gambling story: when bitcoin popped up back in the day, my nerdy computer science friend jumped on it, bought something like 100 coins for few dollars ea. At some point it got to its first peak and my friend asks me if I think it would get better or not. I told him my opinion that bitcoin is stupid, nobody accepts it, it is not backed by anything, cash out while you can. He sold at ~$70 I think, made a few bucks.

A year later he tells me I owe him a car for that bad advice... Two years later he tells me I owe him a house. Then it reached $20k/coin...

We are good friends, we work together, we don't talk investment anymore
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Old 04-10-2020, 09:48 AM   #51
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I remember buying bitcoin at ~25cents each or something close to it and using it to test out silk road. Good times. Would have been better as an investment though
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Old 04-10-2020, 10:15 AM   #52
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2020 investment? Calls on the SPY 2+ years out.
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Old 04-10-2020, 10:52 AM   #53
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2020 investment? Calls on the SPY 2+ years out.
If the time premium is not too bad, that could be a great flyer. Although it is market timing.
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Old 04-10-2020, 10:56 AM   #54
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I remember buying bitcoin at ~25cents each or something close to it and using it to test out silk road. Good times. Would have been better as an investment though
Someone paid me with bitcoin for a computer I was selling back in 2011 ish I think. Cashed them out right away, never occurred to me to hold onto them. I remember thinking I was an idiot with they hit like 130 or so in 2013. Felt especially retarded when they hit 20k.
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Old 04-10-2020, 01:14 PM   #55
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damn i remember bitcoin back in like 1998 territory or something. a buddy of mine was playing stupid online games that are mostly advertising, and collecting 'em. he had a lot of them saved up. i thought he was retard and they'd never have any real value... look whos the retard now

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Old 04-10-2020, 01:50 PM   #56
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Hey guys, let's open this thread to your ideas, worries, recommendations and pans. Please refrain from doomsday apocalyptic warnings such as: "It's all going to collapse and the Dow will hit 400." If you think that's what is going to happen, a phrase such as: "I see nothing good coming for years, just collapse" will work fine. If you believe that it's going to collapse, you are probably not investing.

My perennial favorite ADX remains so. Great ETF for old guys with a nice yearly end of year dividend, and the oldest fund traded in the US.

I'm certainly enjoying this nice little bump upward, but I don't think it predicts any such continuing enthusiasm. The CV has hit the markets hard and the effect will linger for years.
The US is the greatest country in the world, and for well over one hundred years, the market has returned 8% per annum with dividends reinvested.

Buy good conservative stocks that pay a dividend and hold them the rest of your life. You will do OK.

Unless you are really on the inside, trading is for chumps.
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Old 04-10-2020, 03:13 PM   #57
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The US is the greatest country in the world, and for well over one hundred years, the market has returned 8% per annum with dividends reinvested.

Buy good conservative stocks that pay a dividend and hold them the rest of your life. You will do OK.

Unless you are really on the inside, trading is for chumps.
Lol
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Old 04-10-2020, 03:17 PM   #58
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News flash, the US is not the greatest country in the world. And, we are in uncharted territory... what happens from here will not be an extrapolation of the past.
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Old 04-10-2020, 03:22 PM   #59
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News flash, the US is not the greatest country in the world. And, we are in uncharted territory... what happens from here will not be an extrapolation of the past.
So you hate America, mom AND apple pie?

Next you are going to tell us you are not a good American if you want to go to a baseball game without a mask and covid all clear papers!
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Old 04-10-2020, 03:41 PM   #60
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Originally Posted by SpeedyCorky View Post
damn i remember bitcoin back in like 1998 territory or something. a buddy of mine was playing stupid online games that are mostly advertising, and collecting 'em. he had a lot of them saved up. i thought he was retard and they'd never have any real value... look whos the retard now

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Don't feel too bad. Bitcoin has only been around since 2009 so whatever your buddy was messing with in 1998 probably was stupid.
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