I bought into Aurora Cannabis last spring at $1.85. Closed today at $11.35 and has been over $12 earlier this year. A lot of Canadian weed stocks are going to run up in the next few months before legalization.
2018 Stock Prediction
- Thread starter dmclone
- Start date
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LincolnWay187
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I read that two new ETFs opened last week to buy companies that are investing in blockchain technology - BLCN and BLOK. They filter out the junk that just adds "blockchain" to their company name and take the largest 20 companies that say they're doing blockchain research in their SEC filings. Might be a good way to buy into the crypto craze without buying crypto.
I used your link, and my free stock is Sprint. First glance looks like it's had a rough year, but maybe they'll bounce back?
Did you get the same one or is it random?
I don't know if this counts as stocks or not but I bought 1/2 of a bitcoin right during the 1st week of January. I had a bunch of old savings bonds and my grandma gave me some Christmas money and some of my own. Anyway holy cow but it's not going well. Should I sell now or wait for it to go up?
I bought it at just over $16,500 and the next day it shot up like a thousand bucks or something and it's been down since then. Right now it's just over $11,000 and the money I put in was like all I had except for my work retirement stuff. My uncle told me that bitcoin is going to $1,000,000 so maybe I should hold. But yeah, safe to say it's NOT going the way I planned lol.
I bought it at just over $16,500 and the next day it shot up like a thousand bucks or something and it's been down since then. Right now it's just over $11,000 and the money I put in was like all I had except for my work retirement stuff. My uncle told me that bitcoin is going to $1,000,000 so maybe I should hold. But yeah, safe to say it's NOT going the way I planned lol.
Nice, thanks! It’s somewhat random they say, as I got Zynga. When I joined I got Sirius. And I absolutely hate that company.
I wish I was joking right now. It makes me nervous but I just try not to look at it. And I'm not saying I think it'll be a million. It's just what my uncle told me. So I bought some (or half of one actually) and I put it on this USB like thing called a Nano and put it in the bank so I wouldn't think about it.
You put all the money you had into 1/2 if a coin of btc? Does your uncle hate you?
Ok well first off it's not all my money cause I put some into my work retirement stuff. Also I don't want to blame my uncle or anything. He has been talking a lot about bitcoin so I asked him some questions about it over christmas and then on my own I set up a user and bought it.
But yeah it's a big chunk of my money. I rent and I don't owe anything on a car or anything so I'm fine but yeah it makes me nervous. I just heard a bunch of people all through november and december that invested in these coins and like double or tripled their money in a month or two. So I guess I got greedy.
I guess I should just think that if I had $5500 today would I invest it? And the answer is no. But man I'd feel bad cause once I cash out I've lost.
Double down and see if you can get a margin loan to buy more.
there is a fund called Vanguard VTI - it's the entire US stock market. It's not fun or sexy. but it's a way better place to put money than bitcoin.
If you'd invested your $16,500 into VTI at the beginning of January, it'd be valued at about $17,500 now.
Say you bought it for $6500 (not the lowest in Nov). That would give you about 2.53 BTC. About $28k. My point it, markets are all about timing. You can pick and choose your dates. Stock market is a risk, albeit a safer one than btc. But I still think you should have a small position in it.
This is false and dangerous advice. study after study after study has shown it's "time, not timing" when it comes to successful investing.
JP Morgan did a recent study of this. if an investor stayed fully invested in the S&P 500 from 1993 to 2013 (5,200 trading days!), they would've had a 9.2% annualized return.
However, if trying to time the market resulted in them missing just the ten best days during that same period, then those annualized returns would collapse to 5.4%. Those 10 days grew their returns by 50%!.
The best 60 days (only 1% of all trading days) accounted for the entire growth of their portfolio.
Do you know when those days are coming? if you did, you'd be on a yacht in southern France. The best financial professionals don't know when those 10 (or 60) days are. You cannot beat the market long-term by timing.
I wish I had more free money to invest. Otherwise, I'd buy some more weed stocks. Right now, I have a penny stock in REFG, which is a payment solution for weed companies.