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You can never go wrong with investing in a company whose ticker is CGC.
General Investing and Economics Discussion - No Politics
- Thread starter CuseJacket
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You can never go wrong with investing in a company whose ticker is CGC.
LibertyTurns
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Unless you’re able to spend a lot of time monitoring I recommend you stay away from thinly traded stocks.
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I once had a large position in the oil ETF BNO (Brent Oil). It was thinly traded but I didn’t think about it. I went to sell my entire position after about 18 months (I had accumulated over time), and it was more than 10% of the average daily volume, so it took awhile for them to break it up and clear it due to rules LOL. So there’s that too.
Good friend of mine rode the Tilray wave last fall, made his $20k and dumped it.
LibertyTurns
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There’s a ton of ways to make money investing. Chasing hot, low volume stocks is one of the harder ways. The ratio of “I hit the jackpot” vs “I ended up with a total loss” is 1:10 or worse, but there’s plenty of above average performers.
There’s a reason why microcaps are difficult- low liquidity, poor analyst coverage, extremely high volatility (& frequently bad volatility due to market manipulation), bad management, poor strategic planning & uncertain business models, customer bases often immature, lack of access to capital/poor cash flow, etc.
That all being said, over the last 40 years the low end of the small cap spectrum bordering microcaps has outperformed by a fraction of a percent overall.
You might as well have written that in Spanish.
LibertyTurns
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Moses is standing just outside the 3pt line with 1.5 sec left and you’re down by 2 at Dook. GT has the bonus. He gets the ball inbounded to him.
Do you have a better chance of winning if he gets fouled dribbling to shoot 2 hope he makes both and go to OT with Banks & Alvarado already fouled out, do you hope he has the option of heaving an uncontested 3 or passing to a wide open Cole for a 3, do you hope it’s a contested shot and Tv Teddy blows his whistle so he shoots 3, etc? This is like trading microcaps. You almost can’t win, but if you do it’s great and the payoff is 50/1.
Trading large caps is more like betting against GT making the NIT or NCAAT & getting 1/9 odds. You bet $100 and at the end of the year you get $110. Trading small caps is like getting those same odds except it pays if GT doesn’t make the NCAAT, but still pays even if they make the NIT. Slightly less risky.
Techster
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I'm waiting for the "Marijuana is legal...unless you're trying to grow it in your garden" bill. There's a good reason why giant companies are tripping over themselves to get into the weed business. They're not doing it so Johnny in his college dorm can grow his own supply and bypass all the investments they made getting into it.
smathis30
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Exactly. It’s the uncertainty that makes puts in November fantastic. Pulled out a 600% ROI on them after the price of the stock dropped 10$. Will be easy money every November until legalization
LibertyTurns
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You certainly can magnify your gains or losses thru option trading, leveraging your securities, etc and if you go that route & are successful your net worth goes on steroids. More power to you guys. I guess I play more small ball. My target is 11%/yr on long term assets, 15% on shorter term assets. The only time I deviate from that approach is when there’s blood in the water, ie late 2000, 2007 & to a smaller extent opportunities like Oct 2018. If I could consistently hit triple digit winners I’d probably be on vacation instead of this message board.
smathis30
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I try to split 90/10 for regular investments and options at any given moment. And my normal investments are a 50/50 split with ETFs and regular stock. Plus the 401k. Goal is to have 6 figures in investments (401k, IRA, personal stock) by 30.
LibertyTurns
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That’s a pretty good target. You’ve got plenty of time to take on risk as well. It’s hard to stay disciplined when life’s events come your way- marriage, kids, football season ticket renewals, beer fridge getting on the low side, etc. Good
luck!
I came into the Swarm Lounge today looking to fight about politics because my brother's endless Facebook postings have me fired up but noticed this thread for the first time.
I lost so much money "wallstreetbets-style" investing if anyone is familiar with that (naked calls/puts), it's my greatest source of shame. You guys are all strangers to me and I still won't admit how large that number is. Thankfully I'm a single 25yo dude with a decent paying CompSci-industry job. My realtor always wonders why I throw my entire paycheck at my mortgage and I literally have been unable to tell him it's because I don't trust myself with liquid assets. It's weird because I've never been to a casino or placed a sports bet in my entire life.
Until I fix my habits, I'm probably going to miss out on a ton of wealth. I have no clue what I'm going to do with my money once this mortgage is paid off (which is targeted to be probably a year and a half from now if all goes to plan).
I lost so much money "wallstreetbets-style" investing if anyone is familiar with that (naked calls/puts), it's my greatest source of shame. You guys are all strangers to me and I still won't admit how large that number is. Thankfully I'm a single 25yo dude with a decent paying CompSci-industry job. My realtor always wonders why I throw my entire paycheck at my mortgage and I literally have been unable to tell him it's because I don't trust myself with liquid assets. It's weird because I've never been to a casino or placed a sports bet in my entire life.
Until I fix my habits, I'm probably going to miss out on a ton of wealth. I have no clue what I'm going to do with my money once this mortgage is paid off (which is targeted to be probably a year and a half from now if all goes to plan).
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Deleted member 2897
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The best thing I ever did at your age was lose a lot of money in the hottest dot com market ever. I realized for me personally I couldn’t do it. I’ve been in mutual funds almost exclusively ever since. And I have many magnitudes more money now (20+ years later than I lost back then).
Don’t stress over it - it’s a sunk cost and not coming back. Worrying won’t make it reappear. Just decide what is best for you moving forward and move onward and upward!
smathis30
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The secret is to do the exact opposite of what r/wall street bets says to do
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That's exactly what we teach our kids. Everyone is out spending money they don't have on things they can't afford. Instead, save. Then when there is a downturn and things get cheap, do something.
LibertyTurns
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Up until the point you’re ready to invest with any kind of educated process, stick your money in a S&P 500 fund.
I recommend trying out whatever system you arrive at for a couple of years and see how it works. Keep a spreadsheet ledger and see if your performance is better, the same or worse than just dumping in a S&P fund. Optimal if your tryout is just testing not live but that’s hard to do.
My self personally, I started with USAA mutual funds and just put money everywhere because I didn’t know any better. I later found out how much that was costing me & I had a cow. Got introduced to IBD’s CanSlim method as part of that learning process and started trading individual stocks. Once the portfolio got bigger I got Schwab for investments because USAA’s system is not the best and I was pissed at getting clipped for excessive spreads. Part of my Schwab transition was picking up their free analytical tools which have been very helpful. Some years ago I tripped over Ciovacco capital’s short takes and have benefitted greatly from their free education. Chris is a GT IE btw.
The more you learn the better. You can’t master everything, so I recommend focusing in on something and getting good at it. My niche is IBD 50 runners and long term successful large caps.
I recommend trying out whatever system you arrive at for a couple of years and see how it works. Keep a spreadsheet ledger and see if your performance is better, the same or worse than just dumping in a S&P fund. Optimal if your tryout is just testing not live but that’s hard to do.
My self personally, I started with USAA mutual funds and just put money everywhere because I didn’t know any better. I later found out how much that was costing me & I had a cow. Got introduced to IBD’s CanSlim method as part of that learning process and started trading individual stocks. Once the portfolio got bigger I got Schwab for investments because USAA’s system is not the best and I was pissed at getting clipped for excessive spreads. Part of my Schwab transition was picking up their free analytical tools which have been very helpful. Some years ago I tripped over Ciovacco capital’s short takes and have benefitted greatly from their free education. Chris is a GT IE btw.
The more you learn the better. You can’t master everything, so I recommend focusing in on something and getting good at it. My niche is IBD 50 runners and long term successful large caps.
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"Bond flash economic warning as 3-month yield tops 10-year rate by most since financial crisis"
https://www.cnbc.com/2019/05/29/us-...rs-fresh-batch-of-economic-data-auctions.html
https://www.cnbc.com/2019/05/29/us-...rs-fresh-batch-of-economic-data-auctions.html
LibertyTurns
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Taking a lot of balls to hold the line but at this moment it’s not a bad move. Time will tell but odds are currently still in favor of staying the course.