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#13846 | ||
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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Quote:
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I'm going to keep selling off tiny amounts of NVDA if it keeps going up, but at the same time it feels like I'm voluntarily pulling my head out of one of those neverending chocolate fountains at Golden Corral. Every time I sell, the stock is 10 percent higher the next time I look. I sold my first defensive share last year at $438 and now it's pushing $800. At some point it's got to slow down, but maybe that won't happen until I'm doing two chicks at the same time. The stock may be high, but at the same time all I'm hearing is that they can't make those chips fast enough to meet the sales that are pouring in. From an investing perspective, it's tough to land a plane like that when I've been wanting a ride on it my whole life.
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#13847 |
Starter
Join Date: Aug 2019
Casino cash: $2455671
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Is your NVDA in a Roth or other tax protected account or do you take a pretty big tax hit each time you sell?
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Posts: 505
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#13848 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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About 80 percent is in an after-tax brokerage. That's what I've been selling because if it keeps growing I want to keep the part that's in the IRA. So I'm paying taxes any time I sell.
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#13849 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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You could buy an inverse 2x leveraged NVDA etf as an insurance policy.
NVDQ NVDA tanks and NVDQ goes up at a 2X rate. Currently 6.50 |
Posts: 40,721
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#13850 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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I've never done any type of hedging or options, but that's actually kind of intriguing in this particular case.
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#13851 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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Posts: 40,721
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#13852 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1024734
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Posts: 57,552
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#13853 |
Chiefn' It
Join Date: Jan 2009
Location: IndepMo
Casino cash: $7975142
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Opinion on the cheapest per share stock to buy at the moment?
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Posts: 1,486
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#13854 |
Emporer of Mongo
Join Date: Apr 2010
Location: Milky Way
Casino cash: $1797556
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even a CD or high yield savings is 5%
better than 0
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Posts: 44,516
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#13855 |
Emporer of Mongo
Join Date: Apr 2010
Location: Milky Way
Casino cash: $1797556
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my 2 cents on cheapest 'per share' is that it doesnt really say anything about value or not. What you have to do is multiply the 'per share' cost by the total # of shares (the float) to get the market cap (market value) of the company. Then you have to take a hard look as to whether that market cap is a 'good deal' , or 'about right' , or 'over priced' I think what you are looking for (if I am understanding you correctly) is a stock with a low 'per share' price that also is a good VALUE and has the potential to go up in price... as opposed to just random penny stocks that will probably go down or maybe aren't a great value. Is that right? I personally think Ford (F) is a fairly safe stock. Picking it up at the 9$ - 12$ per share range is always a good idea. Its on the high end of that range right now but at times pays about 5% dividends on top of possible gains. Put it on a watch and start picking it up if it drops towards 11 or 10. (imo) SoFi (SOFI) is a good one in the 7$ range. They are new , a banking company, and could be explosive growth in a few years. Buying some sofi in little chunks here and there if it stays around 7-10 could be a good long term plan. Its risky but could grow a lot. Vacasa (VCSA) is a kind of vacation rental company similar to air-bnb (but different). They are extremely risky and extremely volatile, but in the 7's i think its a good deal. Newegg (NEGG) the computer online store that you order hard drives and pre builts from is trading at a dollar a share. Theyre in trouble but you could try and buy some for a dollar and hope it goes up to a buck fiddy and sell.. LOL just a few random thoughts this AM
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#13856 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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I just got a 3-month CD at 5.4 percent the other day. It's not going to make me rich, but it's a darn good place to park money while these rates last. Then I can figure out where to put it long-term at my leisure.
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#13857 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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Quote:
CONY $1.66 AMDY 1.37 TSLY is at .81 |
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Posts: 40,721
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#13858 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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Yeah, but that kind of thing is for men who dive off cliffs and hunt with crossbows and flirt with women. I'm a humble gatherer who never travels far from my financial village.
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#13859 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
It's -11% year to date in total return, -22% in 6M return. A ****ing dog. Dividends do not matter if your capital is being sunk by a stock moving in the wrong direction! |
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Posts: 46,016
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#13860 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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Quote:
Smart people buy good companies when they're at a discount / Warren Buffett Last edited by Hog's Gone Fishin; 03-07-2024 at 04:34 AM.. |
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Posts: 40,721
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