Stock of the Day
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- sarahfailin0
I've been watching Rite-Aid (RAD) stock for a while and it is at the lowest it's been in years. Walgreens has also been in the dumps.
A friend who is an investor with Wells Fargo told me she expects that Rite-Aid may get bought up by someone like Amazon who will want to take advantage of their pharmacy licenses/locations. Their storefronts are shit, but their pharmacies are still a moneymaker.
- they say anything about Amazon dumping the Rite-Aid name / brand and just taking advantage of the existing real estate or would they keep it and prop it up?PonyBoy
- Interesting. I can't find any reliable info on Amazon buying Rite-Aid, but lots on their launch of PillPack this week, getting into the pharmacy business.monospaced
- Bennn0
WHat service/website are you using for this?
- Charles Schwabmonospaced
- Questradezarkonite
- If you want no fees you could try Wealth Simple too. https://www.wealthsi…zarkonite
- no fees, except when you want your money ... they're charging $75–$125 per transfer, which is 5-10x any trade commission feemonospaced
- TDAmeritradeformed
- Nope, no fee for taking your money out.zarkonite
- All bank transfers have hefty fees. Is there another way to get the money?monospaced
- i thought WealthSimple was free only 1 year ? No ?Bennn
- You can't chose wich actions you want on WelthSimple, the robots are doing all the job. Where do you go to choose your stock and play?Bennn
- wait, you talked about WealthSimple Trade, i didnt know about thisBennn
- TDAmeritrade has Sink or Swim, which, I believe, is one of the best platforms (at least talking with traders, which I am not, I prefer investing)formed
- benn: no wealthsimple has a new trading platform now.zarkonite
- mono: I haven't had fees from my bank in a long time, depends on your bank and the amount of $ you keep.zarkonite
- we're not talking about banks ... I'm talking about Wealth Simple, which charges massive, MASSIVE fees for bank transfers ...monospaced
- which is the ONLY way to get your money off their platform, unless I'm missing somethingmonospaced
- I would have to make several trades at a traditional low-fee broker to even get close to a single WealthSimple transfer feemonospaced
- https://help.wealths…zarkonite
- "At Wealthsimple we don't believe in transfer fees. We don't charge anything on top of our management fee."zarkonite
- I haven't taken any money out, so I don't know if there's a catch or something but they front like they don't charge.zarkonite
- They are absoutely upfront about their outrageous and ridiculously insane fee structure. They front like they are going to take your money for doing nothing.monospaced
- Turns out they changed their fee structure since last time I checked. They had a whole page about transfer fees, but now it's $0.monospaced
- yeah, I've been with WS since the beginning and they used to charge fees, which they actually reimbursed for me when they changed their structure.ben_
- sarahfailin0
it's a bad time for the market. i was hanging with my brother and his finance bros this last weekend and it seems there are not a lot of rosey dispositions about where we're at right now.
10 year bond yield curve is deepening its inversion, which is a hot sign that we may be headed for recession.
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hold on to your butts
- shapesalad1
Next level investing, code your own trading bot:
- His channel is a wealth of AI knowledge. Even you don't code or care about maths, worth watching his channel in the background to soak up some insights.shapesalad
- sarahfailin0
Bonds. Bonds bonds bonds.
- mg330
My wife and I are considering investing $1k into something via e-trade or one of the leading stock sites online. I'm especially interested in cannabis stocks and while the early entry-point was a couple years ago (from what I've read) I've been doing a lot of reading about the growers and their stock, and the larger non-cannabis companies getting into deals for infused products and other things.
Where's the best place to start and what's the easiest path to take to get an account up and running, and invest in something we feel has potential? Any good guides out there? Any advice from experience?
- You should've invested 1k 30 years ago. Now 1k won't get you anywhere really.NBQ00
- At this point it's really just a "get ourselves familiar with things" approach in advance of working with a financial advisor once we're ready to put more in.mg33
- don't invest in pot stocks!monospaced
- If you want to do it right, go to a big house like Charles Schwab or similar, and open an account and talk to them. It won't cost anything.monospaced
- Right now there isn't a pot stock buy. None of them are really making money and there aren't any big companies that have solid business plans that are publicmonospaced
- That whole industry has yet to stabilize. Of course the fact that THC is still a banned substance federally is an issue, not to mention that it's a cash businesmonospaced
- Everyone i know who invested in pot stocks lost 98-100% of their money the last 3-4 years. Not even exaggerating. Billion dollar valuations evaporated overnightmonospaced
- If you want to invest, find some stable mutual funds that will provide long term growth, and then smartly invest in stocks on the side, which is more risky.monospaced
- Oh, and $1000 isn't really worth investing. Go for a lot more, or else you'll never really feel like you've done much.monospaced
- Aurora was selected by the German government as a supplier and they are expanding their growing facilities. They expect a sharp rise in revenue in the mid-term.zarkonite
- That being said, I think Mono's advice is sound and a better idea than pot stocks.zarkonite
- Some online trading platforms will offer low trading fees but be careful they tend to make it up in fees for taking your money out of the account.zarkonite
- Good advice, thanks mono.mg33
- I'm trying to pay attention to these companies that are forming partnerships with bigger corporate beverage companies.mg33
- especially as legalization gains ground in more states and potentially at the federal level if a Dem wins the presidency.mg33
- Ex, the pot company Dixie Brands is partnering with Arizona Tea to create products. https://marketrealis…mg33
- Meat alternatives and carbon collection are the new cannabis stock.ben_
- You're better off investing in a brand company that gets involved, yes, but even then it's no guarantee.monospaced
- Nothing worse than investing $1000, experiencing a huge 20% gain, and then only seeing $200. That's why I advocate for bigger investments, to make it worth it.monospaced
- Do your research. Then dump $5-15K. And don't freak out if there's a dip. Most of the time you can wait it out, especially if it's a solid investment.monospaced
- If your in canada use your TFSA if you are going to actively trading. You wont pay any tax on money you make. Also HMMJ.TO is a pot stock ETF that pays dividenderyx
- There are fees to open and trade within an account. That's what makes $1k too small of an investment. You'll lose 20% of it just to get to zero.monNom
- As for pot stocks, they are the riskiest thing you can buy. 99.9% will flame out and lose everyone all their money (except the execs and underwriters)monNom
- What you're really talking about is gambling, not investing. Better to go to the horse-races, as your transaction fees will be lower.monNom
- If you want to invest, put 60% in a basket of diverse equities and 40% in bonds and equivalents. Slow and steady with little chance of losing everything.monNom
- ETFs for market indexes make this easy, though some are riskier than others if they don't hold the underlying security, but use derivatives to approximate.monNom
- Exactly monnommonospaced
- at this rate assets are already overvalued. invest the 1k into something with room to grow like guns and ammodeathboy
- of course its a risk. they could force buyback or commandeer guns. but very hard since theyre in your possessiondeathboy
- very different than same actions in the stock markets and retirement where you have 0 value in possessiondeathboy
- Just spend $1k on growing equipment and then sell the weed to your friends, neighbours and kids in the park..SlashPeckham
- Or just spend $1k on weed and go from there... you’ll make your 20% much quickerSlashPeckham
- lol deathboy with the absolute nonsense, uninformed, stupid as fuck, comments ... go play with the other stupid fucks.monospaced
- You advocate for purchasing firearms in a discussion about buying stocks. Moron.monospaced
- I invested $1K around two years ago with wealthfront.com just to get a feel for things. It's a robo-advisor that helps you pick mutual funds. I'm up to like...nocomply
- $1075 now. But I've learned a little and at least I didn't lose anything.nocomply
- Most mutual funds will require $2500+ to start. Look at comparable ETF's if you want to invest less. Get an S&P 500 fund, nothing has beat that in years.formed
- Skip the gambling. Wait until you have enough invested that you have a foundation, then gamble with a tiny percentage.formed
- Mono's advice is spot on. I would be careful of investing too much in anything now, though. EVERYTHING is overpriced - stocks, bonds, gold, etc.formed
- Look at VANGUARD'S WELLSLEY and WELLINGTON FUNDS for safer, diversified mutual funds, as alternative's to Index Funds. Not skyrocketing performance, but safe.formed
- Trumpster is playing games with the world's economy. He has been destroying the stock market and could trigger a real recession...or he could pull it all backformed
- before the election and declare 'victory' over China (which will be another pathetic lie, of course, but people like db lap it up) and move the markets up.formed
- No one knows. His admin cares nothing for America or the world, only for their personal agenda's, so how/why he would do something catastrophic is a guess.formed
- formed is DB me? if so why and what is it i lap up? and none of your statements are remotely true. trump has little do do with marketsdeathboy
- monetary policy and debts has much more to do with it. daily algo trades may spark interest in statements, or broad based news on tariffs.deathboy
- Tariffs that effected profitability may make sense in past days but you dont have to have profit now to be a rockstar trade. see how peopel buy bad newsdeathboy
- i seriously have no idea where people should put money except in direct usable tangible assets. ones not for investment but for usedeathboy
- That’s because you’re clueless. Fuck off.monospaced
- /\ lol.ben_
- Buying direct tangible assets isn't investing, it's just buying shit ... 99.999999% of tangible assets DEPRECIATE you jackass. This is why you'll die alone.monospaced
- Actually, investing in something tangible that can earn you money is a great strategy. Buy a camera, sell photos. Buy something cheap, sell for more.monNom
- Use your excess capital to start a business that generates more money. That's smart investing. (And harder than just giving it to a mutual fund and praying)monNom
- Well, yeah ... maybe a house. But he didn't say that. He said buy guns. Your descriptions aren't of tangible assets that appreciate in value, btw.monospaced
- Starting a business is work, not just buying assets. Becoming a photographer isn't investing either.monospaced
- @nocomply with inflation over 2 years you basically made no money on your investment. Just following the DOW you should have had a lot more...zarkonite
- sarahfailin-1
I've been bearish since March and I still feel that way more than ever! 30 year bond yield curve inverted today - a sign of recession. 10-year title curve has been inverted for a while now.
Consumer mortgage debt is the highest it's been since 07, and auto loan and credit card debt are also extraordinarily high. Consumer spending has been good but only because consumers are accumulating debt. The economy has not lifted up the middle class and in fact it's slowly burying them. It can't continue.
The fed has little more ammo to cut rates, and the .25 rate cut last month did nothing to stop bond yields from diving.
Folks around the world are still buying stocks because international bond yields in Japan and Germany are actually negative (crazy!) Because demand for those has been so high. This is called the Tina effect (There Is No Alternative).
The bottom is going to fall out soon and people will pile into US bonds even more as well as gold and silver.
- people has never bought that much stuff ever. this is the new religion, buying to be happy. THX1138Bennn
- So what's the advice for the next 12mnths master?Hayzilla
- things will smoulder until Nov 1st, Brexit will be the firestartershapesalad
- You're referring to physical silver or gold, would you include crypto??robotron3k
- Make sure you hold no stocks, hav all your savings in readily available cash and be ready to snap up all of Buffets buys over the past year at a lovely discountshapesalad
- then hold for 10+ years.shapesalad
- What shape salad saidsarahfailin
- Seconded, what sarahfailin said...keewee
- biggest drop this year for the DOWsarahfailin
- No one knows. If it was that easy, there'd be a lot more super wealthy people. That said, having cash on hand is a good idea.formed
- You can't time a market, but you can buy value.formed
- drgs0
Short Amazon
- sarahfailin-1
To me the market is reacting way too optimistically to Trump's announced, "phase-one" trade deal, which mostly focuses on agriculture.
Every time Trump says something positive about trade with China, the market reacts accordingly. Why would they believe such a repeat liar who obviously has a stake in keeping markets high?
It's a hard rain that's gonna fall when people realize that deal or no deal a US recession is happening.
- The ol' sell on the news, buy on the rumour adage is truer than ever.zarkonite
- note the big sell off in the last hour of trading. who knows what news the weekend will bear...sarahfailin
- Yup! hopefully it's bad cuz I'm all out of stock to sell, I need that dip to refill =)zarkonite
- lvl_131
was just watching this again last night:
- drgs0
https://www.tradingview.com/x/XY…
People trying to short Tesla get liquidated, giving more fuel to growth.
But it has to crash at some point
- sarahfailin0
Yield curve inverted again. US Bond yields everywhere at or near all time lows. Everyone is bracing for something, even as the markets also reach all time highs.
Y'all know I've been crying bonds for months- I got in ahead of the price surge, but I missed out on the market rally of the last 3 months.
Not sure if I made the right choice but it seems like the world economy is more imperiled every day. ...not sure what it would take for me to change my mind, but buying high seems dumb. ...right?
- Inflation is low. Corona virus was far less disruptive on the US markets than expected. Sure things are overpriced but there's so much cash right now.mandomafioso
- Time to renew your mortgage! If bonds are cheap then interests will be low. And I agree, this is a time to cash out not buy in.zarkonite
- ^^Aged well.mandomafioso
- ^lol!sarahfailin
- ^^^ yours also aged well LOLzarkonite
- Mortgage rates are now the lowest they've been since the recession, triggering a massive surge in re-financing.zarkonite
- https://www.cnbc.com…zarkonite
- sarahfailin0
The party is over! I hope y'all are covering your assets. IMO, the coronavirus is just the pin that's burst the bubble of irrational optimism in the global economy that's had stock values overly inflated.
My brother is in private equity finance and does not believe this is anything but people reacting to the virus, but he does not realize that nobody really thought Tesla stock was worth $1,000 or that Beyond Meat was worth $240. We're having a come-to-jesus moment that this long rally was becoming simply absurd.
- True.aslip
- Great time to ready yourselves to snap up some bargains once the low point is reached.shapesalad
