Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Halfcan]

Originally Posted by ghak99

I'm under the impression Missouri only issues two licenses to grow hemp and you are required to be a nonprofit. Both slots are currently filled with no plans to issue more permits.

Do you know of a way around this?

I was talking hypothetical- based on what would return the greatest investment. MJ is the most profitable going right now.

Yes, it was a pretty fishy deal- Nonprofit?- what a joke- they are making a ton of profits but I guess calling yourself a wellness clinic or whatever makes it like they are doing Gods work. So the State of Missouri is Not making any tax money on a growing industry? Who was the idiot who came up with this program? Probably the same one that received "campaign" donations. Our corrupt politicians in this state need to be voted out.

Such a fraud how these companies somehow had the inside track to being granted licenses. Makes you wonder how many received bribes during the approval process. They did all of this behind closed doors.

The first step would be to file a class action suit since this type of business licensing practice prohibits free trade. Hemp is used for clothing and many other products- there is nothing illegal about it. CBD is not illegal and should not have unfair licensing practices that only favor two companies holding back other businesses.

[ghak99]

Originally Posted by Halfcan

I was talking hypothetical- based on what would return the greatest investment. MJ is the most profitable going right now.

Yes, it was a pretty fishy deal- Nonprofit?- what a joke- they are making a ton of profits but I guess calling yourself a wellness clinic or whatever makes it like they are doing Gods work. So the State of Missouri is Not making any tax money on a growing industry? Who was the idiot who came up with this program? Probably the same one that received "campaign" donations. Our corrupt politicians in this state need to be voted out.

Such a fraud how these companies somehow had the inside track to being granted licenses. Makes you wonder how many received bribes during the approval process. They did all of this behind closed doors.

The first step would be to file a class action suit since this type of business licensing practice prohibits free trade. Hemp is used for clothing and many other products- there is nothing illegal about it. CBD is not illegal and should not have unfair licensing practices that only favor two companies holding back other businesses.

I spent the better part of several days on the phone quite a while back and couldn't even sniff the breeze coming off one of the deals. No one knew anything, or at least they wouldn't tell me anything, and then it was all over. Whoever had the "in" must have had it locked up solid.

I actually had a neighbor who grew hemp on a farm next to me years ago, so I was interested in it from multiple angles. Even have access to an empty warehouse that I can't figure out what to do with.

[Halfcan]

Originally Posted by ghak99

I spent the better part of several days on the phone quite a while back and couldn't even sniff the breeze coming off one of the deals. No one knew anything, or at least they wouldn't tell me anything, and then it was all over. Whoever had the "in" must have had it locked up solid.

I actually had a neighbor who grew hemp on a farm next to me years ago, so I was interested in it from multiple angles. Even have access to an empty warehouse that I can't figure out what to do with.

This! Great post and exactly what I was trying to convey in my rant-lol I had friends wanting to start new businesses as well and ran into nothing but red tape and denial. Why all the secrecy? If the licensing process was really on the up and up- why keep the process so secret to deter anyone from applying. Wouldn't they actually want a larger pool of prospects to get the very best companies? Obviously not. Makes you wonder why?

So now that they have done it once and got away with such a sham- are they going to do it again for an even bigger payday when MJ becomes legal? Are these same two companies going to get the entire MJ contract at the expense of every other hard-working farmer in Missouri? Complete fraud.

[Halfcan]

Originally Posted by DaFace

If you're saving it for retirement, I'm the boring one and would just put it into some index funds. Target date if you don't want to mess with it at all, some combination of U.S. stocks, international stocks, and bonds if you want a little more control.

You would probably end up with a much better return since you would be so diversified.

[Hog's Gone Fishin]

Originally Posted by philfree

I have money for CDs too when the rates go up. I've actually been looking at online banks for a money market accts that pay a little more interest. if I could get 1.75 in a money market I might put some money there. I also read about buying CDs in foreign currency where you get a better rate. Not sure I'd be comfortable with that but it's a possibility.


I guess there's no "successful stock pickers" on CP. Oh well.

Fixed !

[Hog's Gone Fishin]

I have a new plan. If you take a $100 thats had the corner torn off into a bank , they will trade it out with a new one , just as long as it has 3 corners.

Sooooo, thats right start tearing corners and save them up to mak new $100 bills.

Tear the corner off 3 bills and you have a fourth with a little tape job. I think just take each one into a different bank so they don't catch on.

Can anyone tell me how many banks there are in Texas and Oklahoma and New mexico. I don't want to spend too much on gas.

[lewdog]

Just got email from TD Ameritrade that I have an option expiring tomorrow. I didn’t know they would do reminders on things like that.

[scho63]

Originally Posted by lewdog

Just got email from TD Ameritrade that I have an option expiring tomorrow. I didn’t know they would do reminders on things like that.

All brokerages are required to send you an option expiration warning.

[lewdog]

Originally Posted by scho63

All brokerages are required to send you an option expiration warning.

That's mighty nice of them Scho!

[scho63]

Originally Posted by lewdog

That's mighty nice of them Scho!

It's important to know why.

If you buy an option and you want to exercise it or sell it because it's worth money or value, you don't forget and let it expire worthless when it's worth money.

I'll explain at our next meetup. Must be before we start drinking!

[Infidel Goat]

Originally Posted by DaFace

If you're saving it for retirement, I'm the boring one and would just put it into some index funds. Target date if you don't want to mess with it at all, some combination of U.S. stocks, international stocks, and bonds if you want a little more control.

I like boring answers like that. Here is a boring question.

Daughter earned $1000 as a lifeguard. I matched that so she could start a Roth IRA (technically I started a minor Roth IRA for her). All of the mutual funds and ETFs require $2500 before they can be purchased.

She can do a stock trade for $4.95. What, if anything, does she buy until she reaches the $2500 necessary for an index fund?

BRK.B is about all I can come up with. Other suggestions?

[Hog's Gone Fishin]

Originally Posted by Infidel Goat

I like boring answers like that. Here is a boring question.

Daughter earned $1000 as a lifeguard. I matched that so she could start a Roth IRA (technically I started a minor Roth IRA for her). All of the mutual funds and ETFs require $2500 before they can be purchased.

She can do a stock trade for $4.95. What, if anything, does she buy until she reaches the $2500 necessary for an index fund?

BRK.B is about all I can come up with. Other suggestions?

QQQE is a Nasdaq index fund doesn't require the 2500. My daughter just bought it a month ago.

[Infidel Goat]

Originally Posted by Hog's Gone Fishin

QQQE is a Nasdaq index fund doesn't require the 2500. My daughter just bought it a month ago.

Thanks. I appreciate the suggestion!

[ChiliConCarnage]

Originally Posted by Infidel Goat

Daughter earned $1000 as a lifeguard. I matched that so she could start a Roth IRA (technically I started a minor Roth IRA for her). All of the mutual funds and ETFs require $2500 before they can be purchased.

Congrats on getting your daughter into the high stakes world of investing and tax fraud at a young age! wtf, bud. Remove your "match" ASAP, lol.

It sounds like youre with Fidelity? based on the stock purchase cost and minimums. You have access to the largest asset management firm in the worlds ETFs. If so, I'd recommend IJS, it's the S&P 600 value fund. Small cap value has outperformed over the really long term historically and your daughter likely has a long time before retirement. If not, check ITOT or IVV. Those should be the S&P 500 and complete market ETFs.

[Infidel Goat]

Originally Posted by ChiliConCarnage

Congrats on getting your daughter into the high stakes world of investing and tax fraud at a young age! wtf, bud. Remove your "match" ASAP, lol.

It sounds like youre with Fidelity? based on the stock purchase cost and minimums. You have access to the largest asset management firm in the worlds ETFs. If so, I'd recommend IJS, it's the S&P 600 value fund. Small cap value has outperformed over the really long term historically and your daughter likely has a long time before retirement. If not, check ITOT or IVV. Those should be the S&P 500 and complete market ETFs.

Lol. Thanks. Technically, it was her earned income that went toward the ROTH IRA and my gift (which is well below the yearly allowed by the IRS) simply went to her. .

All look like great ideas and I appreciate the suggestions.