Stock Market

rasbury

PickleRick said:

I'd be a millionaire by now but sadly my first financial mistake was not being born into a rich family

Could have just gotten mixed up with the kid in the next bed even and had it made...or that's what happened but you got screwed.

Lake_Bum

New all time highs for Bitcoin $$$ 

PickleRick

Sold a about a half dozen hockey sticks and invested some of the profits in Bitcoin.  Really should have bought in 20 years ago 

grouch0jr

I keep telling myself that I missed the Bitcoin train, and it keeps on going up.

aero3113

BTC will be over $200K by middle of next year.

YYZRC

You guys are a lot stronger than I am. I am (for me) big into GOOG and RY and they have both done well so far this year. 

Lake_Bum

Once the supply runs out, it will be insanely high.  Lots of folks say over a million, but in my opinion, there is NO possible way to predict.  All I know is, it's a very stable investment.  The naysayers are pretty quiet these days, unlike just a few years ago.  

aero3113

@Lake_Bum , I’ve heard over a million as well. Crazy to think.

Lake_Bum

aero3113 said:

@Lake_Bum , I’ve heard over a million as well. Crazy to think.

Around 1 year ago, Bitcoin was going for around the $61k mark.  And people were skeptical of buying at that price.  A month later when Trump won, it rocketed up to $73k, and this week, it almost hit $127k.  Pretty tough to find a comparable investment that is in a limited supply like BTC, and will most CERTAINLY skyrocket when that supply runs out.  We are years from that though.  

rasbury

Well maybe that's why I've been so skeptical- what is the supply?

Lake_Bum

rasbury said:

Well maybe that's why I've been so skeptical- what is the supply?

Total BTC in Existence	19,931,443.75
Bitcoins Left to Be Mined	1,068,556.3

Lake_Bum

Estimations are we've got 15 years left until it is all mined, and supply is limited to onhand.   Every 4 years, there is a "halving" which slows down mining by 50%.  This is all by design on the blockchain.  2009 is when it was started. Triggered by all the dirty deeds that caused the crash of 2008. 

aero3113

@Lake_Bum , I bought some at $66k, $88k, $91k and $94k. I wish I started earlier. When I first started working for my current aircraft owners who are heavily involved in Bitcoin it was at $13k a coin. I wasn’t smart enough to buy then!! 😂

Lake_Bum

When I sold a BTC in December of 23, I got about $46K.  My average buy-in at that time was $18k.  So I basically got my class A RV for $18k.  That's how I justified it to the wife anyways hahahahahaha   
I know this thread is for Stock Market, but I don't think anyone minds, because it's more about investing in general.  I'm not into stocks.  I made a pile in the past at a former job, but for the past 23 years, I have focused on my 401k with Vanguard.  I'm heavily invested into the S & P and have usually hovered inbetween 8-11% gains.  That snowball has worked out very nicely.  I've got 7 years to go until retirement, and I've got a great setup with the Railroad on that.  

rasbury

@Lake_Bum my wife's dad worked for the rr in Baltimore- his retirement was apprently pretty nice. When he passed away- and maybe she got it before- she got some or most of his retirement until she passed.  She was able to afford a decent assisted living here in central Florida.  Not sure that is possible anymore. The thing in retirement I'm really concerned about is long term health care that medicare does not pay for until your broke like assisted living or full time care. I can't imagine there is insurance for that  that would be worthwhile. I have everything in a trust which my aunt also did- selling her home and getting access to her accounts was instant. No probate.  I don't know if it offers me any shelter as you want to pass of as much as you can to the ungrateful parasites we've raised. My aunt passed in her home per her wishes but the care cost was 4500 boat bucks a week. Being listed as a trustee on the trust I was able to deal with everything with her monies and had access to it. 96 when she passed, she was a really sharp lady!
We do have stocks with Raymond James and we seem to have done pretty well with that plus the boost in the stock market values over the past few years- which unfortunately can get wiped out with a snap of your finger. What are the thoughts on protecting what you have? If I have to borrow on my home for medical and pass and create a mortgage that my wife can't afford.. plus as some know we have a disabled granddaughter plus two great grandchildren we are raising. We really need to win the lottery. 
Everyone has different situations and I wonder how to protect what I have.  As usual, I go on to long.  Maybe this should be a thread- there are some pretty sharp people here when it comes to boats and money!

J3ff

Welp, that was nice, top is in. 

rasbury

Lost me Jeff- what top?

J3ff

rasbury said:

Lost me Jeff- what top?

Of the markets.. for now. 

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Dream_Inn

Well, after investing in 401/403 to at least get company match, one should do ROTH IRAs.  Even if you have to go back door.  They are one of the best tools to save money that will grow tax free.  I also like the HSA because it allows you to put money in tax free, grow tax free, and get spent on healthcare tax free.  I’m very fortunate that my 401k at work is a ROTH 401 where I can put in after tax money to grow tax free. I can also put in up to $70k including employer contribution.  Most people think they can only do the 30k. Both the back door ROTH and the extra in 401k depend on not having money in traditional IRA to allow immediate rolling.  I love the money talk and it’s the only thing besides boating that I can enjoy reading a lot about and learn.

rasbury

Unfortunately @Dream_Inn I just don't have that gene. Everytime i think I've learned something,  another wormhole is found! I have my Raymond James and we have been pretty consistently in a good place. Now I almost completed hanging a new french door- not everybody can hang a door right. But, I would rather know how to play with money than doors!

Lake_Bum

@Dream_Inn I do have a traditional ROTH IRA, that is through my Vanguard account that I also have a 401k, both of these are through the Railroad, I'm not sure what extra perks we get, besides free consulting from an agent occasionally.   I was under the impression, that my ROTH is capped at $7700 contributions per year.  I have all of my stuff withdrawn automatically from my paychecks.  The 401k is pre-tax, the ROTH is after tax.  The obvious advantage is there's NO tax due when tapping the ROTH later in life.  
I guess the difference in my Roth IRA and your Roth 401, is the amounts they allow you to contribute?   Finances aren't my strong suit, but I've managed to stumble through life, setting my future up pretty well.  Heavily invest now, to have a kickass retirement later!  
In a few years, I'll be pulling the trigger on a Houseboat, and I'll switch runabouts to one that can be towed behind that easier than a 23' Rinker haha.  

J3ff

...

PickleRick

People in our government would never participate in insider trading.  


Ever.  

Lake_Bum

Let's NOT muddy up this great thread with Political garbage.  We've proved in other posts on here that our views are VERY different.   
What I personally saw this as.......was opportunity.  I sold BTC at $125k, and bought back in at $110k.  The rebound is already at 114-115k.   I knew nothing about any "tips" I just saw my alerts and watched the charts.  Nice 8% gains after fees.  I'll take it 

J3ff

Lake_Bum said:

Let's NOT muddy up this great thread with Political garbage.  We've proved in other posts on here that our views are VERY different.   
What I personally saw this as.......was opportunity.  I sold BTC at $125k, and bought back in at $110k.  The rebound is already at 114-115k.   I knew nothing about any "tips" I just saw my alerts and watched the charts.  Nice 8% gains after fees.  I'll take it 

Sure, but you also didnt take 80 million dollars, open an account within 24 hours of this crash and then short btc right up until the min it started.. Not saying its illegal or one party vs the other, but it's a scummy move for sure. Whoever it was, was doing the same thing with NQ and ES futures. It can be seen in the order flow. With NQ/ES it is insider trading which is illegal. However of course, will never be prosecuted or even proven.  

PickleRick

I've watched a few YouTubers who have done copy cat investments of Pelosi's stocks.   Obviously there's a lag there and you cannot buy in or sell as quickly as they are but the returns have been sold. 

Not meant to be political,  like her or hate her, the portfolio is famously profitable. 


Whoever is behind the crypto short, is another portfolio to mimic at this point. 

I'd love to watch theses people's stock moves more however right now I'll stick to investing small amounts you guys are excited about. 

Jeff and dream are my wolfs on Wall Street 

J3ff

Same btc bear is back. https://hypurrscan.io/address/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae

currently shorted in bitcoin 343 million dollars. What does this person know is coming??

J3ff

Found the bear. https://x.com/garrettbullish/status/1977588204409921590?s=46

J3ff

Gotta love sitting at a bar on Friday, after the big drop in the market, all angry at the red numbers on the screen.. and a friend says "hey I've been telling you about ABAT, you should buy it, even now" and I thought "okay, lets throw some in"

Here we are Tuesday morning 50% up on it. Just proves the market is a casino.

Lake_Bum

Pretty much anything was a good buy after that dip.  Opportunity knocks, ya gotta answer.  I had my eye on some more XRP, but I didn't do it.