Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[tooge]

Ive sat out the crypto game but bought a hundred shares of XRP a few weeks ago. Its perforning vwry well. Bought some Rocket labs and a few others (Amzn).

[Buehler445]

Originally Posted by tooge

Ive sat out the crypto game but bought a hundred shares of XRP a few weeks ago. Its perforning vwry well. Bought some Rocket labs and a few others (Amzn).

I haven't done any crypto either. I'm probably out of that market for awhile.

Amazon is something I've long thought is overpriced and am obviously wrong about. Rocket Labs is interesting.

[tredadda]

Originally Posted by Buehler445

I haven't done any crypto either. I'm probably out of that market for awhile.

Amazon is something I've long thought is overpriced and am obviously wrong about. Rocket Labs is interesting.

We got into crypto a few months ago, although it's very small. We just put in $10 a day. Figure that over enough time we will start to see a return on our investment.

[Buehler445]

Just as a heads up, if you own crypto, you need to report it on your tax return, even if there is no reportable income.

https://www.irs.gov/newsroom/taxpaye...eir-tax-return

One reason (of many) I haven't done it.

[BWillie]

Originally Posted by Buehler445

Just as a heads up, if you own crypto, you need to report it on your tax return, even if there is no reportable income.

https://www.irs.gov/newsroom/taxpaye...eir-tax-return

One reason (of many) I haven't done it.

[Buehler445]

Originally Posted by BWillie

I missed the joke.

[BWillie]

Man I tell you what this financial advisor thing is easy. Sure they steal from me the 1% cuz Im a lazy **** but I just sit around while I make an almost easy 200k this year. Nuts. For the last 5 years I mainly just let that shit rot in a savings account and loan it out short term sometimes for house flipping privately. Made more just sitting on my ass this year. Is every year like this or was this a better year? I just started with a financial manager a year and a half ago.

[Rukdafaidas]

Originally Posted by tooge

Ive sat out the crypto game but bought a hundred shares of XRP a few weeks ago. Its perforning vwry well. Bought some Rocket labs and a few others (Amzn).

I own XRP, XLM and HBAR. They're all booming over the last month. With Trump coming back into office and Gensler leaving as SEC chair, the crypto market is going insane.
Some think that XRP/Ripple is going to be the new global bridge currency and could be worth trillions. I think it's worth putting some money into and keeping an eye on it. The other companies/coins above are also linked with XRP.
A lot of the crypto is down today, though. They say South Korea is big in crypto and their leader declared marshall law today and things started crashing.

[BWillie]

Originally Posted by Buehler445

I missed the joke.

I'm not sure you guys are acquiring and owning crypto right if you are worried about that.

Disclaimer: I don't have any crypto, yep. Just, um, a fan.

[Rain Man]

Originally Posted by BWillie

Man I tell you what this financial advisor thing is easy. Sure they steal from me the 1% cuz Im a lazy **** but I just sit around while I make an almost easy 200k this year. Nuts. For the last 5 years I mainly just let that shit rot in a savings account and loan it out short term sometimes for house flipping privately. Made more just sitting on my ass this year. Is every year like this or was this a better year? I just started with a financial manager a year and a half ago.

This has definitely been a good year. I really enjoy the good years.

[Rain Man]

Originally Posted by Buehler445

So I was looking through some of my shit. I should do it more frequently, but whatever, I'm not in anything for a short term.

I bought a couple shares of IBM in August and hell they're up 18% (excluding dividends). I was pretty shocked not expecting that kind of runup. I don't hate how their situated from a business/strategy standpoint, so I bought a couple more shares and turned on DRIP.

My positions in google are looking rough recently, but are up 19% since March. I think I may look to layer in some more purchases.

I have some positions in AGM which is a bank that does ag lending. I just picked up a share when the banking shit started happening as a reminder to check their financials regularly. That ****ing share is up 86.74% (excluding dividends). Holy hell. So I layered in some more in July that's up 17%. I don't know WTF it's performing so well. But I think I may just pick up a share every time I make a payment.

I bought a few shares of 3M stock in March when they hired a different CEO. That is up 48%. I haven't layered in anymore purchases because I'm still nervous about the lawsuits, but I do have DRIP on. I may look at their filings and see if I should layer more in.

MAIN is one I brough when HogFarmer was pushing it. It has been pretty good over the course of time, so I pick up a couple shares now and then. I'm not thrilled with the business structure, but it's been good, so I keep buying some.

The Deere stock I have had a rough summer. But has boomed recently. I haven't looked into why. This is another one I need to buy a share when I make a payment.

The other individual stocks I have I'm not excited about. Most of the portfolio is in VOO VUG and SCHD.

What are you guys excited about these days?

I've had IBM forever, and I don't even really know what they do any more. The stock was stagnant for a long time and I only kept it because it paid a good dividend and I didn't know where else to put the money. But then a few years ago it started doing pretty well. It's actually been a nice producer for me for the past few years.

I completely flubbed MMM. I bought it and held it for several years while it declined, and then I finally sold it off right as it started climbing. You win some, you lose some.

I started buying into banks headlong about four months ago. That's not because I have any theories, but more because I was having some cash freeing up and I've been underrepresented in bank stocks. I've been buying CFG, OPBK, PFBC, HSBC, and ... one other that I don't recall right now. The HSBC and the other one have been muddling around, but the first three have been doing well. I started buying the CFG about a year ago as a one-off, and it's been a star for me.

I keep thinking that companies that are fully operating in the USA will probably enjoy some advantages over the next couple of years, which may help companies like IBM, MMM, GE, and others.

[Buehler445]

Originally Posted by BWillie

I'm not sure you guys are acquiring and owning crypto right if you are worried about that.

Disclaimer: I don't have any crypto, yep. Just, um, a fan.

Hey man. I’m not saying do it, I’m just telling you the IRS requires it.

Do what you want with regards to defrauding the government.

[BWillie]

Originally Posted by Buehler445

Hey man. I’m not saying do it, I’m just telling you the IRS requires it.

Do what you want with regards to defrauding the government.

You certainly would be crazy not to report it if you have a decent amount on an exchange. That is for sure.

[Buehler445]

Originally Posted by Rain Man

I've had IBM forever, and I don't even really know what they do any more. The stock was stagnant for a long time and I only kept it because it paid a good dividend and I didn't know where else to put the money. But then a few years ago it started doing pretty well. It's actually been a nice producer for me for the past few years.

I completely flubbed MMM. I bought it and held it for several years while it declined, and then I finally sold it off right as it started climbing. You win some, you lose some.

I started buying into banks headlong about four months ago. That's not because I have any theories, but more because I was having some cash freeing up and I've been underrepresented in bank stocks. I've been buying CFG, OPBK, PFBC, HSBC, and ... one other that I don't recall right now. The HSBC and the other one have been muddling around, but the first three have been doing well. I started buying the CFG about a year ago as a one-off, and it's been a star for me.

I keep thinking that companies that are fully operating in the USA will probably enjoy some advantages over the next couple of years, which may help companies like IBM, MMM, GE, and others.

I bought some more bank stock during the scare, but I should have bought JP Morgan. They ended up with all the discounted assets. Damn I'm dumb.

[UteChief]

Originally Posted by Buehler445

So I was looking through some of my shit. I should do it more frequently, but whatever, I'm not in anything for a short term.

I bought a couple shares of IBM in August and hell they're up 18% (excluding dividends). I was pretty shocked not expecting that kind of runup. I don't hate how their situated from a business/strategy standpoint, so I bought a couple more shares and turned on DRIP.

My positions in google are looking rough recently, but are up 19% since March. I think I may look to layer in some more purchases.

I have some positions in AGM which is a bank that does ag lending. I just picked up a share when the banking shit started happening as a reminder to check their financials regularly. That ****ing share is up 86.74% (excluding dividends). Holy hell. So I layered in some more in July that's up 17%. I don't know WTF it's performing so well. But I think I may just pick up a share every time I make a payment.

I bought a few shares of 3M stock in March when they hired a different CEO. That is up 48%. I haven't layered in anymore purchases because I'm still nervous about the lawsuits, but I do have DRIP on. I may look at their filings and see if I should layer more in.

MAIN is one I brough when HogFarmer was pushing it. It has been pretty good over the course of time, so I pick up a couple shares now and then. I'm not thrilled with the business structure, but it's been good, so I keep buying some.

The Deere stock I have had a rough summer. But has boomed recently. I haven't looked into why. This is another one I need to buy a share when I make a payment.

The other individual stocks I have I'm not excited about. Most of the portfolio is in VOO VUG and SCHD.

What are you guys excited about these days?

Curious, what’s your portfolio YTD and 1-year?