OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[johnnyredstorm]

Tried to tell ya'll about bank stocks 6 months ago, nobody wants to get rich slow

Especially not when you can get rich with DeFi

 

[antidope]

what if you don’t know if you’ll be over the income limit for Roth…. Just Backdoor it up front?

That's what I do every year. You're thinking about it right.

They need to get rid of this rule also it's pointless and silly.

 

[antidope]

Tried to tell ya'll about bank stocks 6 months ago, nobody wants to get rich slow

Betting on rates going up was a good move. Good for you man.

 

[biggie62]

I mean banks have been making money with refinancing and PPP loans. Fees are the real kings when banks don’t have high rates. I see it on my clients.

 

[Chopper]

UPST sill running... 300% since June.

 

[truss]

SpringHill Co at $725M
Hello Sunshine at $900M

star-backed media production companies doing $

 

[Brownstone]

Um what? Their returns over the past 6 months are ……zzzzzzzzz

Lol, ok

Which industry in your portfolio has outpaced? Not that exists, in your portfolio. Additionally, this is only the tip of the iceberg, rates haven't even increased yet, just speculation alone has fueled this.

 

[Brownstone]

nobody getting rich woth bank stocks. Not anymore

Really? 4 of my bank stocks I own in my 401k have doubled in the past year, this isn't even considering their dividends. Guess you define rich differently

Additionally, a lot of these fintechs you guys love are BANKS.

 

[antidope]

I agree with the thesis. I didn't sell my company stock Jan 2 under this same premise. I personally am already too exposed to banks through work so generally make it a rule to not own any. Can't cross the human capital and financial capital risk that much.

 

[coolcool]

What happens when everyone defaults with rising rates?
When the oil investment projects start getting shut down?
The startup fintechsbdont have the overhead
I have no skin in game. Just opinion. rather put money in growth potential of the startups. U know get rich slow

 

[ballinsam23]

Im just waiting for interest rates to go up in the next 2-3 years.

 

[antidope]

My next goal is to build out some more crypto exposure. I kept it at 2% of total portfolio size and now will up it to 6%.

GS crushed earnings. That boy Brownstone about to cook.

 

[Chopper]

Yeah crypto exposure is a must. Very small percentage of portfolio but you don't want to get left behind. I personally think we see a massive crypto haircut coming soon. Getting early 2018 vibes due to NFT space.

 

[johnnyredstorm]

You just saw a massive haircut in may that had us back near all time highs a few months later. The next haircut probably brings you back to where we are today…

 

[antidope]

A good thing. Even though it's futures and you don't own any bitcoin as an underlying, a couple of benefits I can think of:

• Can own in an IRA. This may have existed prior but I didn't know if it.
• Can short bitcoin. I would never. Bitcoin is basically religion at this point. I'm good.
• Options

 

[WASHED KING]

Bitcoin options...sounds like fun.

 

[2163O1baller90]

Amd

 

[noskey]

Bitcoin options...sounds like fun.

Bout to open a BTC 12/31/22 call $500,000 strike ASAP and let my Ameritrade account collect a few extra 0's too

 

[broncos19dm]

TSLA zoomin

 

[dman14]

Tried to tell ya'll about bank stocks 6 months ago, nobody wants to get rich slow

$WFC

 

[WASHED KING]

TSLA keep running like this before earnings it's going to take all of my will to hold back the gambler in me from buying puts before earnings.

Going to stick to my Apple and NVDA calls and not lose money.

 

[iheartboost]

ARBK

 

[antidope]

Anyone here work for a publicly traded company? If so how do you guys think about an allocation to company stock. I personally have 0% allocated towards it but just want to see how others feel.

 

[206to813]

Anyone here work for a publicly traded company? If so how do you guys think about an allocation to company stock. I personally have 0% allocated towards it but just want to see how others feel.

Me… I participate in the espp but it doesn’t do much for me. It’s a 15% discount though. Snn ticker. I’ve debated pulling out, kinda leaning that way lately

 

[antidope]

Me… I participate in the espp but it doesn’t do much for me. It’s a 15% discount though. Snn ticker. I’ve debated pulling out, kinda leaning that way lately

I would have to get in at cost and the stock did nothing for the last five years before this one.

The discount is nice automatic downside protection.