Gold Member BOHICA Posted November 24, 2020 Gold Member Share Posted November 24, 2020 (edited) Elon passed Bill Gates as the second richest person in The World today.... his car company is ever so slightly profitable but not from sell cars he makes profit by sell emission credits to other car makers that make Billions in profits. definetly a weird world financially that we are living in. Edited November 24, 2020 by BOHICA Quote Link to comment Share on other sites More sharing options...
FrankieJames7 Posted November 24, 2020 Share Posted November 24, 2020 (edited) 1 minute ago, BOHICA said: Elon passed Bill Gates as the second richest person in America today.... is car company is ever so slightly profitable but not from sell cars he makes profit by sell emission credits to other car makers that make Billions in profits. definetly a weird world financially that we are living in. . Edited November 24, 2020 by FrankieJames7 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 24, 2020 Share Posted November 24, 2020 13 minutes ago, f7ben said: Yah....they announced they’re only losing 100 million this quarter their PE ration is infinity I didn’t say to buy it, the equity scares me. But that’s a nice gain on the day. Client came to me a year ago blink charging systems. He bought 3000 shares at a 1.90 a share or around 5700 bucks, exactly one year ago. He was up $95,000 as of yesterday. Only reason I knew is because it dropped 7 bucks a share today and showed up on one of my screens. Money is being made every day. They’re always in opportunity some where if you look. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 7 minutes ago, BOHICA said: Elon passed Bill Gates as the second richest person in The World today.... is car company is ever so slightly profitable but not from sell cars he makes profit by sell emission credits to other car makers that make Billions in profits. definetly a weird world financially that we are living in. It’s not weird. The fed drove bond yields to zero and then gave every rich person in the world more money then they could count. There was only one place for that money to go and now you’ve got a market that’s over valued by the most in history while the rest of the population suffers Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 24, 2020 Share Posted November 24, 2020 33 minutes ago, DriftBusta said: That’s called inflation. I had this discussion with a client yesterday. The guy is just scared shitless of the market and has left so much money on the table it’s not even funny. He has $1 million with me in over 900,000 CDs or cash equivalents, which are all coming to cannot be replaced. Meanwhile he let me put 100k into a conservative managed account, that’s 15% this year, more than the other 900,000 has made total guy like thats an idiot, combine inflation with the asset fees he's paying and he's losing a ton of money. Fuck just buy some div stocks esp with some of them paying 7-8% + right now and who cares if the prices drop a bit. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 (edited) 3 minutes ago, DriftBusta said: I didn’t say to buy it, the equity scares me. But that’s a nice gain on the day. Client came to me a year ago blink charging systems. He bought 3000 shares at a 1.90 a share or around 5700 bucks, exactly one year ago. He was up $95,000 as of yesterday. Only reason I knew is because it dropped 7 bucks a share today and showed up on one of my screens. Money is being made every day. They’re always in opportunity some where if you look. The opportunity was shorting this market that was overvalued by 50% or so. Then the fed decided it needed to be overvalued by 100% and rising daily. I’ll never invest another nickel in this fraud casino. When the invisible hand can just decide to use infinite QE to drive the market it’s nothing more than a rigged a slot machine Edited November 24, 2020 by f7ben Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 24, 2020 Share Posted November 24, 2020 Just now, f7ben said: The opportunity was shorting this market that was over valued by 50% or so. Then the fed decided it needed to be over valued by 100% and rising daily. I’ll never invest another nickel in this fraud casino. When the invisible hand can just decide to use infinite QE to drive the market it’s nothing more than a rigged a lot machine Like I said you do you. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 Just now, DriftBusta said: Like I said you do you. If you like it have at it. Just don’t defend it as any sort of free market. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 24, 2020 Share Posted November 24, 2020 9 minutes ago, BOHICA said: Elon passed Bill Gates as the second richest person in The World today.... is car company is ever so slightly profitable but not from sell cars he makes profit by sell emission credits to other car makers that make Billions in profits. definetly a weird world financially that we are living in. it's batshit crazy. thats a company that the financials have never made sense on but it keeps going up Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 1 minute ago, Angry ginger said: it's batshit crazy. thats a company that the financials have never made sense on but it keeps going up There is virtually zero fundamental basis for any valuation currently Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 24, 2020 Gold Member Share Posted November 24, 2020 2 minutes ago, Angry ginger said: it's batshit crazy. thats a company that the financials have never made sense on but it keeps going up Guy has some pull. The amount of wealth he has accumulated since the first covid shutdown is impressive. appears he has enough pull and wealth that California deemed his building of luxury autos for the wealthy is essential and they don’t have to shut down for this Covid 2.0. He really has shit going his way! Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 1 hour ago, DriftBusta said: That’s called inflation. I had this discussion with a client yesterday. The guy is just scared shitless of the market and has left so much money on the table it’s not even funny. He has $1 million with me in over 900,000 CDs or cash equivalents, which are all coming to cannot be replaced. Meanwhile he let me put 100k into a conservative managed account, that’s 15% this year, more than the other 900,000 has made total Its called super inflation! 10% is not your ordinary inflation. You pretty much have to be in the market now or you are just losing money Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 43 minutes ago, BOHICA said: Elon passed Bill Gates as the second richest person in The World today.... his car company is ever so slightly profitable but not from sell cars he makes profit by sell emission credits to other car makers that make Billions in profits. definetly a weird world financially that we are living in. His car company is profitable and is growing. Its only going to get bigger and thats what his stock price reflects, the future. The same thing happened to Amazon. Their stock price was always overpriced but it kept going up. Now look they are the #1 and #2 richest people in the world (allegedly) Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 36 minutes ago, f7ben said: The opportunity was shorting this market that was overvalued by 50% or so. Then the fed decided it needed to be overvalued by 100% and rising daily. I’ll never invest another nickel in this fraud casino. When the invisible hand can just decide to use infinite QE to drive the market it’s nothing more than a rigged a slot machine Buy cryptos, I have made like 400% this year and these plays I am in are going to be bigly in the coming years. This is the ground floor of this stuff and its the answer to what you despise. I talked a couple guys at the shop into throwing some of their side hustle money in and they have all at least doubled. I have my kid in it now too. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 30 minutes ago, BOHICA said: Guy has some pull. The amount of wealth he has accumulated since the first covid shutdown is impressive. appears he has enough pull and wealth that California deemed his building of luxury autos for the wealthy is essential and they don’t have to shut down for this Covid 2.0. He really has shit going his way! He was going to leave California for Texas. yeah they are going to cave. Quote Link to comment Share on other sites More sharing options...
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