Message from @Tanner - SC
Discord ID: 529664291343958046
Yeah, but from what I've read this is supposedly kind of legal because it's not a real bank but a fund investor. "No free meals" yeah exactly.
OOOOH. That's a black mark on them. in my eyes. Maybe I'll just transfer my stuff to my main Brokerage and close them.
Yeah I hate to come in and say one broker is better than another, but that was huge alarm bells to me. If you want a very cheap broker there's TastyWorks, or Interactive Brokers. But if you're only trading a few times anyway then any broker should be good. I have a TastyWorks account but I only use Schwab and TDAmeritrade.
Schwab is where I parked my Roth IRA.
Yep same here, it's connected to my bank account too which is pretty convenient
How do we feel about marijuana stocks and the direction of the industry in general?
Merchants of vice
@Papa Pizzagate some people I know have liked CJC, but they say not to buy now saying it is overvalued. That being said, my personal policy is no Chinese stocks and no Marijuana stocks. Not out of principle, but because I can't trust the books of commies and potheads.
Interesting theory. I feel like cronos is seriously undervalued given their growth, cash holdings, and their recent injection from Altria
@Papa Pizzagate hey to be fair I may regret my thought on their books, those crazy cannibis cravers have certainly created a cash cow, I just don't know anything if there's still room to grow
Yeah what are the ones I always hear about. Canopy, .."Tarp" I think, and CRON
I'll have to think about it, thank you.
For all the AAPL stock holders:
oosh yeah.
OTC is king now
@Gumbo - AZ what do you mean by OTC? Over the counter like this? https://www.cnbc.com/2018/11/30/behind-coinbases-quiet-roll-out-of-otc-trading-this-month.html
@Papa Pizzagate "Tilray" was the other weed stock I was thinking of, not "tarp"
Interesting..
I hear slack wants to go public. In 2019
@Papa Pizzagate Interesting, their direct competitor, HipChat, is part of Atlassian, a suite of related development tools, which is publicly traded under TEAM. I wonder how a Slack stock would compare.
Hey everyone
I’m doing some tax planning for myself in 2019 (I’m also a CPA), if anyone wants any advice on tax planning or just generally personal financial planning I’d be happy to discuss here or in DMs.
@everyone ^^
@ThisIsChris am i remembering right, but i think you said some time ago that you use money markets at Schwab. Do you have ones you like?
@Ecarttev It's hard to go wrong with SCHD, that's their dividend payer's fund. There's also SCHB (Broad US market based fund), SCHE (Emerging Markets Fund), and SCHZ (Bond fund) that are worth checking out.
There's are all Schwab run ETFs so Schwab doesn't charge commissions when buying or selling them either.
dope, thanks
@Tanner - SC I'm looking at your link from Dec 9 about Harry Dent. Is he legit, partially legit, or questionable? I went on his twitter and it is indistinguishable from the tier of metals market zero hedge ads you see claiming "do x and y NOW before the collapse!"
I was thinking about getting his Zero Hour book but then I saw how he operates like a huckster, seemingly buying this interview on fox business
I don’t buy anything from the gold hucksters, but I do think they have useful commentary on the current state of the economy. Most people are far too optimistic about the future of such a manipulated and debt riddled economy and these guys provide a useful counter balance. I lean toward their way of thinking, though I find crypto to fulfill the use case of gold while also allowing the electronic transfer ease of modern payment systems without resorting to trading warehouse receipts like the inevitable result of gold used as currency.
It’s almost time to utilize those cash reserves.
Silver has broken its 30 and 60 day high...I wonder if this will signal a buy for a lot of people.
Whoa just checked out the gold and silver (futures) prices, they really spiked at end of day Friday, I wonder why?
People hedge with gold when they feel / fear a recession coming. I can’t speak to the futures pricing, but gold would be a decent hold through the next few years due market cycle.
IMO
@Ryan -NJ could you specify what to buy? When do I know when to buy? Not yet or now?
@Jonaltright Timing the market is impossible. I use fundamentals analysis, cyclical trends, and geopolitical measures to buy when cash reserves are available. IE: Obama was passing Healthcare legislation circa 2009/2010. Taking into account the massive influx of mandatory capital into healthcare, the rapidly aging boomers... I shopped for some fundamentally sound / future growth organizations. I settled on UTC. It was a good play.
@Jonaltright I would approach our current time in similar fashion. Pay attention to historical trends (bull/bear), major indicators, and invest in fundamentally sound / healthy companies. One brick at a time. Long game.
@Ryan -NJ oh gotcha
@Jonaltright The suggestion to have a position in gold is presuming that it’s being added as a multi tiered approach to an existing portfolio.