Investing General Discussion

Gravel said:

I'm always amazed at how over leveraged people are on cars. And most of all like you said, where they trade in their car for a fraction of its value to go in for an even more unaffordable car.

Even at our highest incomes, I can't imagine having a $500+ monthly car loan. Talk about pissing money away.

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Our works trucks are a $1,000/mo a pop. They're nice

Edaw said:

Was pay-walled but wanted to read it :https://archive.ph/UAQzU

Was no mention of it in the article, but I wonder how much of this has to do with term lengths increasing. Can't you get something ridiculous like a 10 year loan now?

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Sounds a bit like people overpaying for homes during COVID...minus scarcity.

Jysin said:

It had news. I talked about it before. News today was Rivian adopting the Tesla charge standard and making an agreement to use their Supercharger network. This is on the back of both Ford and GM capitulating as well. You've basically turned Tesla into a service provider now for EV charging. Rivian is nothing in the scheme of things, but its just another name in what is likely to be an entire industry-wide adoption of Tesla charge standard and leasing their charge network.

It's a bullish tail-wind for sure, hence the big price run recently.

Still ripping after-hours here.

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Lets put that into perspective.



The money Tesla makes from charging stations cant possibly come close to generating that much profit. Has no one ever told people gas stations dont make much money off of gas?

"Nevertheless, charging could become a significant source of revenue for the company. A recent analysis from investment bank Piper Sandler & Co. found that a decade from now, Tesla’s opening up of its charging network to other car manufacturers could generate the company upwards of $5 billion in revenue annually. "




TSLA doesnt break out revenue/profit on superchargers. Its part of a larger bucket on the P&L including used car sales and other odd items. So no way to truly know for sure at this time.

Big Phoenix said:

Lets put that into perspective.



The money Tesla makes from charging stations cant possibly come close to generating that much profit. Has no one ever told people gas stations dont make much money off of gas?

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RIVN market cap is sort of a joke though. They halve nearly 1b shares of stock outstanding. If the stock price hits $1 they still have a market cap of $1b.

I would like to point out the irony of our Federal Government accusing Amazon of requiring "multiple steps" to accomplish things like cancelling a Prime subscription. Does this mean we get to sue the IRS for requiring multiple steps to do "anything" involving them?

PLTR looks like it has finally gotten gassed from the run up and is taking a breather for a bit. -5% so far today.

Semis also taking a hit across the board. Might be first sign of a pullback or just people taking profits ahead of Janet Powell later today.

Posting this to reinforce some of the philosophies that get discussed in this thread:
1. Trade what the markets are giving you. Ignore the noise and trade the charts.
2. Don't double down on bad trades; admit the trade was a dog and cut them short.
3. Don't jump into a trade with a full position. Enter it with a starter position and adjust the investment as the stock moves in one direction or the other.
**The last two are tricky. If you take a starter position on a falling stock, it is imperative to be using charts/technicals to identify the next support level if it keeps falling. The difference between a stock blowing passed a line of support and a falling knife can be difficult to see.
4. Don't be a hog. Taking profits off the table is as 'Murican as apple pie and prom queens.
5. Market timing doesnt work.
6. Options aren't magic. There is real profit to be made IF you spend the time understanding what options are and how they work.
7. Trade what you know. This is a Buffett philosophy I like. Don't be buying shit you heard about on the internet/social media. Understand the companies you own. What they do, how they do it, their place in the market and their financials.
8. Diversify. Put your money into various sectors. This is one reason SP500/Total Market ETFs should be the foundational position in every portfolio. They give you diversity across the various market sectors. Rotations are real.
9. FOMO is the debil. If you missed the entry, walk away and look for another one. Don't chase momentum.
10. Leave your emotions at the door. So many people (not necessarily here) sell at the bottoms out of fear. Ride out the storms and diamondhand through the chop. When the charts tell you the bottom may be near its time to buy, buy, buy. When everyone is selling, you should be looking for bargains. Market flushouts are great opportunities to find quality that is getting sold in the panic.

Sanrith Descartes said:

PLTR looks like it has finally gotten gassed from the run up and is taking a breather for a bit. -5% so far today.

Semis also taking a hit across the board. Might be first sign of a pullback or just people taking profits ahead of Janet Powell later today.

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Tesla as well, down 5.5%.

Powell saying some pretty dumb shit as usual atm

VIX trying to go sub-13

Deleting 47m emails was a "mistake". And the fine of $4m is probably a rounding error compared to the fines that the deletions eliminated.