Investing General Discussion
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Sanrith Descartes
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Sanrith Descartes
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Remember than time, a few months ago, when NVDA was trading in the 80's?
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tugofpeace
Pronouns: zie/zhem/zer
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No but I remember buying puts on PLTR at $45 thinking there's no way the run could continue
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Big Phoenix
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Sanrith Descartes
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Sanrith Descartes
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Since riding PYPL down into the shitter in 2022, it has stayed there for the last 3 years. This is why knowing when to sell is just as important as knowing when to buy.
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Haus
I am Big Balls!
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Well I'm trying to decide if I should call this a win or not.
Wednesday I took some profits off my favorite tech stock, trimmed my position but not by a ton, so I could put some in a few other small piles elsewhere.
That stock is now down a little over 9% from where it closed on Wednesday. For once in my life I nailed a top, but since I still have considerable holdings in it....
Wednesday I took some profits off my favorite tech stock, trimmed my position but not by a ton, so I could put some in a few other small piles elsewhere.
That stock is now down a little over 9% from where it closed on Wednesday. For once in my life I nailed a top, but since I still have considerable holdings in it....
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Cad
scientia potentia est
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I would tell you to not try to time the market and don't celebrate it as a win if you luckily manage to. Thats gambling.Well I'm trying to decide if I should call this a win or not.
Wednesday I took some profits off my favorite tech stock, trimmed my position but not by a ton, so I could put some in a few other small piles elsewhere.
That stock is now down a little over 9% from where it closed on Wednesday. For once in my life I nailed a top, but since I still have considerable holdings in it....
Haus
I am Big Balls!
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Yeah, and this was profit taking of 5% of my stake in it to do some things. If you've seen my other posts in here I'm far from a day trading or even someone attempting to "nail the top", and honestly just surprised that for once I did it. Just wish it hadn't been so the stock could drop 9% in the following 48 hours. heh
I'll still be holding this stock longer as even with this dip I believe the consensus of forecasts for it which show it probably at around 15%-20% growth over the next year from where it is now and I'm OK with that for now. It's that it is the single largest single stock I hold and my pragmatic side is telling me to take mental stress off myself and diversify it into my normally boring blend of ETFs over the upcoming year.
Sanrith Descartes
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Cad
scientia potentia est
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I know he's using these for bullying but also maybe he's trying to get the fed to lower rates?
Cutlery
Kill All the White People
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great question. I am far from an expert on this topic but generally speaking, in my opinion, it is a great way to get some bitcoin exposure with the amazing side perk of the absolutely insane dividend.
if you want bitcoin, of course go buy bitcoin. I was originally in FBTC but eventually sold 100% and essentially transferred it to bito. In theory bito tracks bitcoins futures and you can read about it more on their page. Generally speaking, bitcoin goes up it goes up, same on the downside.
at the time of my transfer the bito price was about 17.00. So not only do I get the monthly dividend of about 1.00/share, it’s also gone up to 24ish now. If the divided goes to garbage i would probably drop the position but until then it literally is the best in the market. Sometimes I’m baffled at how good it is. Im not shilling for personal gain but it really is nuts.
BITO Dividend History, Dates & Yield
Get the latest dividend data for BITO (ProShares Bitcoin ETF), including dividend history, yield, key dates, growth and other metrics.stockanalysis.com
that link shows a 14.00 annual dividend on a stock that costs 24/25. Its nuts.
This is 6 months old, I decided to check up on it.
I bought one share of BITO on January 7th for 24.50.
The stonk itself is 22.72 now, so I'm a buck 78 in the hole
But, I've made $3.30 in dividends in 6 months.
I don't know if this is good or bad. I mean, in up money, but the stock dropped almost immediately after I bought it and it never recovered. So I bought it at the top and I'm still somehow up money
Sanrith Descartes
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Sanrith Descartes
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Pre-covid, dividend value stocks were pretty cut and dried. They tended to be very low beta and had very little in the way of stock price movements. With each dividend paid out, the stock price would drop by the dividend and the hope is it would appreciate at least as much as the dividend by the next quarterly pay out. If you got lucky it would eek out a 1-2% price appreciation by the end of the year to go with your 3-4% dividend pay out. These types of play were desired by those on fixed income because "generally" the stock prices didn't really drop "much" as the companies were old and entrenched in their business sectors. They had no growth and generally all the skeletons that could cause a real price drop had come out decades ago. They were "safe" places to park cash and take in the dividends.
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Rangoth
Vyemm Raider
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it’s basically dividend minus NAV erosion. Overall I’m still up and it keeps paying, when you get in matters a bit but not in the long run. As mentioned above it’s a good income strategy but not a growth strategy
Sanrith Descartes
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Nasdaq futures not looking pretty. Amd hard to believe it's earnings season already.
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Jysin
Bronze Baronet of the Realm
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Eh, futes down half a percent. This has happened repeatedly in recent weeks, only for the dip buyers to push us back into green by market close.
The TACO conviction is strong these days. No one believes any of this will stick.
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