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matthew1
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Stocks, cryptocurrency, and finance talk thread

Post by matthew1 »

I'm going to move some money into Chinese stocks. I already started a couple weeks ago with BIDU. I'm up around 12% on that.

Chinese stocks are historically very cheap to us Americans at the moment.








PLEASE DO NOT CONSIDER ME ANYTHING BUT AN UNINFORMED, CAVEMAN, FERAL, LOW IQ, CLUB WIELDING RETAIL NOVICE INVESTOR. DO NOT CONSIDER ANYTHING IN THIS THREAD AS INVESTMENT ADVICE. (I'm underwater on Polestar.)
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volvolugnut
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Post by volvolugnut »

My painful lessons learned buying individual stocks:
1. Don't buy cheap stocks (less than $5 per share).
2. Don't buy highly volatile stocks.
3. Don't buy newly issued stock for new companies.
4. Don't buy thinly traded stock that is mostly owned by insiders.
5. Do buy stocks with good dividend payments.
6. Do buy stocks of companies that are mature and steady growth.
volvolugnut
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Post by Sveedy »

Invest in chicken feed.
Try to learn life's bad lessons vicariously through others.


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Post by callumalden »

Invest in under sealer.
"The Crusty Old Lady" - 1992 940 ST_W, B234F
"The Old Lady" - 1990 240DL, B200E

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Post by abscate »

Don’t take financial advice from people poorer than you.

Ask your financial advisor where they stand with respect to the Warren Buffet Challenge

Then go here

https://investor.vanguard.com/investmen ... file/vfiax
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Post by volvolugnut »

Vanguard has a lot of my money and I really expect them to give it all back.
Low fees, lots of choice, and good performance.
volvolugnut
The Fleet:
Volvo: 2001 V70 T5, 1986 244DL, 1983 245DL, 1975 245DL, 1959 PV544, multiple Volvo parts cars.
Mercedes: 2001 E320, 1973 280, 1974 280C, 1989 300E, 1988 300TE, 1979 300TD, parts cars.
2009 Smart Passion
Ford: 1977 F350, 1964 F150 (2), 1938 Tudor Sedan
Farmall tractors: 1956 400 Diesel, 1946 A
And others.

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Post by abscate »

Crypto-currency - noun - Lottery tickets for people with college degrees
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Post by BlackBart »

Lottery: “An unfair tax on the stupid.”
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Post by matthew1 »

I added some VNET at $8.50ish weeks ago.
Help keep MVS on the web -> click sponsors' links here on MVS when you buy from them.

Also -> Amazon link
. Click that when you go to buy something on Amazon and MVS gets a cut!

1998 V70, no dash lights on

1997 850 T5 [gone] w/ MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace

2004 V70 R [gone]

How to Thank someone for their post

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matthew1
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Post by matthew1 »

If you've ever looked at a historical dip in a stock chart and thought "Dammm I wish I'd bought then," this is why I own Polestar PSNY.

https://www.denver7.com/business/electr ... he-decline

EVs have hit a very large slowdown in sales, and EV company stocks are down. This is that dip.

However, often dollar stocks are a dollar for a reason. It's a gamble. My PSNY is a very small portion of what I own, around 1%.
Help keep MVS on the web -> click sponsors' links here on MVS when you buy from them.

Also -> Amazon link
. Click that when you go to buy something on Amazon and MVS gets a cut!

1998 V70, no dash lights on

1997 850 T5 [gone] w/ MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace

2004 V70 R [gone]

How to Thank someone for their post

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