Stock Thread (42 Viewers)

[Don Hutson]

Bitcoin storage is 30%? Seems steep

But it's more like paying a 30% deposit that you'll get back when you sell.

 

[stbugs]

It's a good time, but it's at the same level it was on July 27, July 14, and still higher than it had ever been before July.

That's the tough call. I was happy to buy LVGO at $60. $134 is a different animal. That said, I could say at $60 that it just ran up from $20. That's the thing with some of these hyper growth stocks over years of holding. If you looked at Amazon at $800, you could look at the past and go, geez it's up 8900%, why would I buy it now. You'd be kicking yourself now thinking about that 300% gain the past few years.

 

[stbugs]

But it's more like paying a 30% deposit that you'll get back when you sell.

That's actually a very good point. If that premium is there, it's there at the end as well. You also get the benefit of basically holding a stock. I am not 100% clear on the taxable gains on BTC, but I know what short and long term gains are for stocks and in an IRA.

 

[JerseyToughGuys]

Definitely a tax advantage to buying GBTC through traditional means. 

 

[hooter311]

That premium seems crazy. Why not just buy your own bitcoins?

I do.......when I'm not in the stock thread.

One of the best things I think a guy could do for themselves at the moment is hold a substantial chunk of gbtc in their Roth accounts for the next 5 years.

 

[BassNBrew]

Does that include the cash?

134 / .592 - 11.33 = $215.02

I'm pretty sure that's correct.

 

[beef]

I really should keep my mouth shut on this subject.  I just know too many people that have been ripped off on these coins and also paid large fees trading these coins.

I have a similar cautious feeling about owning actual bitcoin.  Total novice and have a basic understanding of it all works, but not enough to be confident in what I'm doing and limit my non-market risks.  I do want some exposure and to be able to get in/out easily, so if I have to pay 2% annual fee and $6.95 each trade with GBTC, I'm fine with that. 

 

[hooter311]

In 2017 I paid a 7 figure tax bill on my crypto earnings..... that's the situation i would prefer to avoid in the future.

 

[BassNBrew]

In 2017 I paid a 7 figure tax bill on my crypto earnings..... that's the situation i would prefer to avoid in the future.

Another two comma guy in here.

 

[hooter311]

But it's more like paying a 30% deposit that you'll get back when you sell.

Grayscale's other products like ETHE (300%+) and GDLC (8000%+)

I don't get at all why gdlc behaves the way it does with the miniscule holdings it has (80% of which are still btc), but it's up over 200% for me in the last month.

 

[hooter311]

Another two comma guy in here.

I was raised here at FBG, my crypto journey is all right there in the Bitcoin/gambling threads.

 

[BassNBrew]

LVGO currently at a $4 premium.

Actually this isn't correct, TDOC at a $4 discount.

 

[BassNBrew]

I was weighted 90% LVGO, 10% TDOC coming into the day.  That's now 60% TDOC and 40% LVGO as the TDOC was at a discount.  I think I'll stop there in case this deal falls apart.

 

[hooter311]

I was weighted 90% LVGO, 10% TDOC coming into the day.  That's now 60% TDOC and 40% LVGO as the TDOC was at a discount.  I think I'll stop there in case this deal falls apart.

Fascinating to see how this plays out!

 

[NajehHejan]

I was raised here at FBG, my crypto journey is all right there in the Bitcoin/gambling threads.

Quick recap please on how much total you made on crypto, after taxes?

 

[The General]

In 2017 I paid a 7 figure tax bill on my crypto earnings..... that's the situation i would prefer to avoid in the future.

Well done! Not a bad problem to have necessarily. 

 

[Bob Sacamano]

Which one of you ####ers broke tdoc?

 

[hooter311]

Quick recap please on how much total you made on crypto, after taxes?

About the minimum to still get hit with that kind of bill.  Wouldn't consider myself "rich".  I'm glad 311 is my "lucky" number, but I wouldn't have minded it being a little higher.  I was very fortunate to liquidate everything a little before the peak on the way up.

It was enough to allow me to walk from a 6 figure sales job, buy myself a monthly lifetime annuity, a substantial whole life policy, and start my own insurance brokerage so I would have to be really dumb to not enjoy life at this point.

I don't want that kind of stress in my life anymore.  I'm playing for peanuts now what I was with then.

 

[kevzilla]

Owning TZA for the last three weeks has been like standing in a shower. A Saddam Hussein shower. Rapidly approaching my pain threshold.

 

[kevzilla]

Which one of you ####ers broke tdoc?

You're gonna be fine

 

[Bob Sacamano]

You're gonna be fine

Cos using them for healthcare and the claims just hit?

 

[General Malaise]

EVSI giving our LPs a private virtual tour today.  I might have a man crush on their CEO.

 

[JerseyToughGuys]

Which one of you ####ers broke tdoc?

 

[Bob Sacamano]

EVSI giving our LPs a private virtual tour today.  I might have a man crush on their CEO.

What's the deal with this thing?

 

[JerseyToughGuys]

About the minimum to still get hit with that kind of bill.  Wouldn't consider myself "rich".  I'm glad 311 is my "lucky" number, but I wouldn't have minded it being a little higher.  I was very fortunate to liquidate everything a little before the peak on the way up.

It was enough to allow me to walk from a 6 figure sales job, buy myself a monthly lifetime annuity, a substantial whole life policy, and start my own insurance brokerage so I would have to be really dumb to not enjoy life at this point.

I don't want that kind of stress in my life anymore.  I'm playing for peanuts now what I was with then.

I remember your ride up quite well. So awesome. Probably should take it to the other thread, but curious how much you still are holding directly (if any).

 

[BassNBrew]

I have a similar cautious feeling about owning actual bitcoin.  Total novice and have a basic understanding of it all works, but not enough to be confident in what I'm doing and limit my non-market risks.  I do want some exposure and to be able to get in/out easily, so if I have to pay 2% annual fee and $6.95 each trade with GBTC, I'm fine with that. 

I don't have much conviction that bitcoin is going anywhere longer term.  I'll admit that some of this is a lack of understanding and the rest is that it isn't backed by a gov't.  Enough of that for this thread.  What I do know is that I want a small piece of it because I do recognize that books can be sold on the internet.

 

[stbugs]

I have a similar cautious feeling about owning actual bitcoin.  Total novice and have a basic understanding of it all works, but not enough to be confident in what I'm doing and limit my non-market risks.  I do want some exposure and to be able to get in/out easily, so if I have to pay 2% annual fee and $6.95 each trade with GBTC, I'm fine with that. 

2% fee and $6.95? I use Fidelity and while it just walked me through an updated objective and some warnings about the security, the commission was $0.

 

[General Malaise]

What's the deal with this thing?

Solar powered charging stations for EVs.  I'll report back.  Pretty big position for us and myself.

 

[hooter311]

2% fee and $6.95? I use Fidelity and while it just walked me through an updated objective and some warnings about the security, the commission was $0.

Graystone trust charges a 2% holding fee internally each year.  Now, I haven't been a gbtc owner long enough to see exactly how and when this plays out in my accounts...but I have the 2% leeway to burn for sure.

 

[Steeler]

Solar powered charging stations for EVs.  I'll report back.  Pretty big position for us and myself.

EVSI was also RevShark's stock of the week.  I'm a noob but the chart looks pretty good to me.

 

[Bob Sacamano]

Solar powered charging stations for EVs.  I'll report back.  Pretty big position for us and myself.

What kw do they charge at? As an ev owner, all that matters to me.

 

[hooter311]

I remember your ride up quite well. So awesome. Probably should take it to the other thread, but curious how much you still are holding directly (if any).

At that point I was so exhausted from my existence revolving around refreshing that ticker that I liquidated 99% of my holdings and basically just hit "reset" on my life.

 

[CR69]

@BassNBrew

 You should check out PENN, that thing has crazy swings every damn day. 

 

[Al Czervik]

Solar powered charging stations for EVs.  I'll report back.  Pretty big position for us and myself.

Saw GM gave a bunch of money to EVgo this week.  Are there a lot of companies like this fighting for the solar EV charging station share?

 

[Bob Sacamano]

What kw do they charge at? As an ev owner, all that matters to me.

Looks like they're level 2 stations. Doable in a pinch, but I wonder how long those will be able to compete.

 

[-OZ-]

In 2017 I paid a 7 figure tax bill on my crypto earnings..... that's the situation i would prefer to avoid in the future.

While I'd prefer it to be in Roth accounts, I'll gladly pay that tax bill with what's behind it.

 

[beef]

Owning TZA for the last three weeks has been like standing in a shower. A Saddam Hussein shower. Rapidly approaching my pain threshold.

I'm starting to think about another run on it, but have also been enjoying not being in any inverse ETFs.

 

[-OZ-]

At that point I was so exhausted from my existence revolving around refreshing that ticker that I liquidated 99% of my holdings and basically just hit "reset" on my life.

Reset on a private island seems ok.

 

[BassNBrew]

@BassNBrew

 You should check out PENN, that thing has crazy swings every damn day. 

Thanks for the tip, I'll watch it.  Hard to day trade in a stock that you think is overvalued.  

 

[-OZ-]

Owning TZA for the last three weeks has been like standing in a shower. A Saddam Hussein shower. Rapidly approaching my pain threshold.

I've stayed away since it cost me oodles (ok, basically just a new Toyota) back in April. 

 

[ChiefD]

Have you guys looked at RLFTF? 

Someone in the Covid thread posted something about RLF-100 as a Covid drug.

Up a ton today and only about .17/share at the moment.

I'm still holding this thing. Starting to get some press in Houston:

Link.

Also, there appears to be a scientific paper about this.  Not sure how credible this is, but it's something I guess.

 

[General Malaise]

Solar powered charging stations for EVs.  I'll report back.  Pretty big position for us and myself.

More apt to say they make other EV charging stations work.  Infrastructure solar solutions for EV chargers.  Small footprint.  They enable the products that charge EVs.  Technology solution which replaces the need to plug into the grid.

 

[hooter311]

Reset on a private island seems ok.

Spent 6 weeks in Costa Rica at an all inclusive Riu Palace, getting hammered and pretending to fish.  A horse a piece really...

 

[General Malaise]

Looks like they're level 2 stations. Doable in a pinch, but I wonder how long those will be able to compete.

check email

 

[beef]

2% fee and $6.95? I use Fidelity and while it just walked me through an updated objective and some warnings about the security, the commission was $0.

$6.95 for the standard TDAmeritrade  OTC commission.  2% annual ETF management fee.  Higher than any other ETFs I play, but not enough to make me really care about it.  

 

[JerseyToughGuys]

At that point I was so exhausted from my existence revolving around refreshing that ticker that I liquidated 99% of my holdings and basically just hit "reset" on my life.

Have a feeling you will get a chance to rinse/repeat a few times.

 

[BassNBrew]

Have you guys looked at RLFTF? 

Someone in the Covid thread posted something about RLF-100 as a Covid drug.

Up a ton today and only about .17/share at the moment.

I'm still holding this thing. Starting to get some press in Houston:

Link.

Also, there appears to be a scientific paper about this.  Not sure how credible this is, but it's something I guess.

Thanks for the tip @ChiefD, up 66% on this.  Unfortunately I only dipped in for $100, but it all adds up.

 

[ChiefD]

Thanks for the tip @ChiefD, up 66% on this.  Unfortunately I only dipped in for $100, but it all adds up.

Yeah, I'm only in for 1000 shares, so not much dollar outlay at all.  

 

[-OZ-]

Thanks for the tip @ChiefD, up 66% on this.  Unfortunately I only dipped in for $100, but it all adds up.

I must have bought at the wrong time yesterday. Nice 17% up today, but it crashed after I bought yesterday. 

At 10,000 shares, I'm hopeful.

 

[culdeus]

What the hell us index investors and dabblers in chet stuff(tm) doing about the falling dollar?  This has the potential to wreck indexed bond holdings.