The Business/Finance/Economics Thread | Page 18 | Vital Football

The Business/Finance/Economics Thread

Any opinions on crytocurrencies?

I had a small amount probably 1% of my entire holdings against BTC which I actually sold. I've set up a coin base account and plan to dollar cost average into it every month. Unsure whether to go 50/50 Ethereum/Bitcoin or not.

Its not going away and my generation will embrace it. The blockchain itself has use cases and from what I understand:

1. Bitcoin is designed to become a currency
2. Ethereum was not designed to be a currency but to act as a conduit to run applications on the blockchain. However it appears to be treated like a currency itself as well.
 
I don't understand it. It's only use seems to be speculation and buying drugs online. There is no harm in having a little in it but I'm totally out.

I'm planning to buy into EPD when the market opens on Monday.
 
BodyButter said:
I'm planning to buy into EPD when the market opens on Monday.
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Whats driving that decision?

Teledoc is the only high conviction trade I have. This is largely based on ARK continuing to buy and the tight trading channel the price is currently in.

Medium conviction are March Calls for Overstock and Apple. Overstock is risky though its price action is very temperamental like Fastly.
 
CDX_EIRE said:
Whats driving that decision?

Teledoc is the only high conviction trade I have. This is largely based on ARK continuing to buy and the tight trading channel the price is currently in.

Medium conviction are March Calls for Overstock and Apple. Overstock is risky though its price action is very temperamental like Fastly.
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They are a midstream O&G company. A rock solid high dividend company who are trading below value. Their current P/E is 10 and their dividend is 8.5%.

I don't like the tech stocks at the moment. I don't think there is any value there.

Commodities are cheap at the moment. I'm in airlines and casinos for the rebound (Penn is wild).

I think EPD is the last investment I'll make for a while (apart from more Genting stock if it dips).
 
Here's an interesting one. Carmax release q3 earnings on Tuesday. If they can smash their earnings target ($5bn) their shares will rally hard.

What have poorer people who rely on public transport been buying during the pandemic? Yep, cheap cars. Who is America's biggest used car network? Yep, Carmax.

This is not an investment, it's a gamble. The earnings call happens at 9am on Tuesday so you'll need to be in on Monday to make this work.

*you probably shouldn't do this
 
BodyButter said:
They are a midstream O&G company. A rock solid high dividend company who are trading below value. Their current P/E is 10 and their dividend is 8.5%.

I don't like the tech stocks at the moment. I don't think there is any value there.

Commodities are cheap at the moment. I'm in airlines and casinos for the rebound (Penn is wild).

I think EPD is the last investment I'll make for a while (apart from more Genting stock if it dips).
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I was thinking of getting into Energy Transfer but these might be a good option too. I am happy with my long term portfolio, I basically dont intend to sell anyone and I cant put anymore money in until 2021.

What I keep hearing about value in tech is FANGMAN - (not sure what the last N is).

I think FB is undervalued and its worth more as separate entities than as a whole so I am not too sure how one could lose. Its barely flinched in light of the antitrust stuff. I have 4% in Amazon too.

PENN is a joke its up 40% from where I bought.
 
CDX_EIRE said:
I was thinking of getting into Energy Transfer but these might be a good option too. I am happy with my long term portfolio, I basically dont intend to sell anyone and I cant put anymore money in until 2021.

What I keep hearing about value in tech is FANGMAN - (not sure what the last N is).

I think FB is undervalued and its worth more as separate entities than as a whole so I am not too sure how one could lose. Its barely flinched in light of the antitrust stuff. I have 4% in Amazon too.

PENN is a joke its up 40% from where I bought.
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It's Netflix.

I only plan on buying the tech stocks if there is a big dip.
 
Lockdowns and mutations
Travel and haulier restrictions
No deal Brexit looming

Amongst all the doom and gloom I’m hoping for a sell off but we’ll see, FTSE only down 1% this morning on opening
 
Although there’s a lot of noise today about the 2% drop in the FTSE, when you think with all the uncertainty in this country and it only dropped 2%, the market seems like it has a lot of risk built in specific to the U.K.. I wondered if today it would take a bigger hit than that, so maybe it significantly undervalued when you compare to the all time high of the Dow Jones.

I have been holding buying any more ftse tracker units but it might actually be the time to buy now if there’s not much in the way of downside to come.

Any experts got a view?
 
danvilla2 said:
Although there’s a lot of noise today about the 2% drop in the FTSE, when you think with all the uncertainty in this country and it only dropped 2%, the market seems like it has a lot of risk built in specific to the U.K.. I wondered if today it would take a bigger hit than that, so maybe it significantly undervalued when you compare to the all time high of the Dow Jones.

I have been holding buying any more ftse tracker units but it might actually be the time to buy now if there’s not much in the way of downside to come.

Any experts got a view?
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I guess the question you have to ask yourself is; is business in Britain going to get better or worse over the life of your investment?

I'd be concerned about Brexit given that nothing has been agreed yet but you are much closer to the action.

If you are investing for the long term, you don't have to worry about the peaks and troughs.
 
It looks like the markets are reacting badly to the stimulus deal. $900bn isn't enough to keep the party going?
 
The S&P is down 2%. Is this where the fun starts?

Will Congress rush through a top up bill if things turn nasty?
 
BodyButter said:
I guess the question you have to ask yourself is; is business in Britain going to get better or worse over the life of your investment?

I'd be concerned about Brexit given that nothing has been agreed yet but you are much closer to the action.

If you are investing for the long term, you don't have to worry about the peaks and troughs.
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Indeed, I only buy tracker funds as investments - I just like to buy them as cheap as possible. The last lot I bought in March when the FTSE dropped to around 4.9k, just trying to time it nicely.

As for the U.K. and FTSE, I’m not concerned in the long run as 75% of business is done outside of the U.K. London is just the market where it trades the value do the company. There are also a lot of potential upsides from Britain becoming a low tax environment to attract big companies, which is great for the bottom line.
 
How does investing work in England? Can you get access to the NYSE easily or do you mostly invest in UK companies?

I tend to stick with the American companies even if I have the option to invest in others. SEA Ltd. being an examples and OZON which is russia is the new meme stock.
 
I just got raped by eToro and my bank on depositing into my new account. I'm about 8% down before even getting started. FFS!
 
CDX_EIRE said:
How does investing work in England? Can you get access to the NYSE easily or do you mostly invest in UK companies?

I tend to stick with the American companies even if I have the option to invest in others. SEA Ltd. being an examples and OZON which is russia is the new meme stock.
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Hargreaves lansdown - plenty of investment funds around the world you can invest in across the globe across the UK investment brands. There are overseas companies you can invest in, I’m not sure where it cuts off but big companies are on there at least. With HL, I think I’m right in saying you aren’t owning the share directly with a piece of paper from the stock exchange or however it works in the old days, I forget the name of the system but the system tracks the real share price and you buy into that game where you get a contract note from HL.

Like anything when dealing with the US, you have to sign a form which is called a W-8BEN simply the details of foreign ownership.
 
BodyButter said:
@CDX_EIRE Do you have to pay the 30% withholding tax? I signed my W8-BEN today.
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Need to figure out my taxes next year. I am unsure to be honest I have a green card. Usually, I do everything myself on TurboTax or one of those things. I may get an account depending on how complex things are. A friend of a friend does it for like $150-200.

danvilla2 said:
Hargreaves lansdown - plenty of investment funds around the world you can invest in across the globe across the UK investment brands. There are overseas companies you can invest in, I’m not sure where it cuts off but big companies are on there at least. With HL, I think I’m right in saying you aren’t owning the share directly with a piece of paper from the stock exchange or however it works in the old days, I forget the name of the system but the system tracks the real share price and you buy into that game where you get a contract note from HL.

Like anything when dealing with the US, you have to sign a form which is called a W-8BEN simply the details of foreign ownership.
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Yeah you probably get access to all the main NASDAQ and S&P companies I guess maybe not the Russell? Is it ADR? Or am I just thinking of that because thats what Chinese stocks are sold as in the US market?
 
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