Blazin
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Investing General Discussion
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Rajaah
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Yeah, the temporary PLTR bounce was fun while it lasted. Considered selling last night just because I want to move away from PLTR, but didn't get around to it until it was too late today. Oh well.
My week of paperhandsing and playing with new IPOs is coming to an end now as I'm re-investing the stocks I don't like back into SPACs and cryptos where I'll leave them alone to regain their losses. Playing with day-trading BTC is fun but when we've got such a bull market like this I'm switching my mindset to the "let it ride" idea. Even if we have a dip in BTC for a while at some point, not going to stress out over this stuff more than I already have. I'll make less from not swing-trading, but I'll also lose less, and probably live longer. Buy on dips, hold everything, that's my new strategy.
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Blazin
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Sanrith Descartes
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Then you are in the 1%. The once you max those then I would move to a brokerage account.
TJT
Mr. Poopybutthole
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I've only been in the professional workforce for 8 years (not counting my Army time.). Despite my unintended lol 19 year old retard windfall I just want to say that it is quite shocking how much wealth you can generate if you JUST do these three things consistently.
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Sanrith Descartes
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Now dont get me wrong. Putting aside 25k (401k plus Roth) a year is a challenge for many types especially if they have to pay to raise kids. For those with the ability (and will) to do so it means a very nice life in retirement. It took me longer to do it than I wish, but a divorce and raising kids a second time will do that.
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I did 58,000 (solo 401k), 7200 (HSA) and 6000 (backdoor roth). Everyone needs a 1099 gig so they can do a solo 401k and really sock it away.
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I was just reminded I forgot the SEP if you have some sort of company you own. Thats the other big ticket item because the amount is only capped by the money made by the company.
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COIN financials:
2020 Financials shows a net profit margin of about 8.5%. 2019 was a loss. EBITDA margins about 20%, again 2019 was a loss. Their 2021 projections seems insanely high (projecting Q1 revenue equal to all of 2020 revenue). I like that SGA expense slowed down considerably as revenue increased from 2019 to 2020. I dont see this thing as vaporware with my cursory look at the financials, but I also dont see it as a 100b company. It needs to churn about 1b in revenue a year to maintain profitability at the current expenses.
stockanalysis.com
2020 Financials shows a net profit margin of about 8.5%. 2019 was a loss. EBITDA margins about 20%, again 2019 was a loss. Their 2021 projections seems insanely high (projecting Q1 revenue equal to all of 2020 revenue). I like that SGA expense slowed down considerably as revenue increased from 2019 to 2020. I dont see this thing as vaporware with my cursory look at the financials, but I also dont see it as a 100b company. It needs to churn about 1b in revenue a year to maintain profitability at the current expenses.
Coinbase (COIN) Financials - Income Statement - Stock Analysis
Detailed annual and quarterly income statement for Coinbase (COIN). See many years of revenue, expenses and profits or losses.
stockanalysis.com
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There’s also a “defined benefit contribution plan” or whatever that lets you sock away another $40-50,000 depending on age. It does affect your employee contribution (I think) to your solo 401k. And you have to contribute the max amount for X number of years to “legitimize the plan”, and the plan can be hosted at the financial institution of your choice. I never went through with it bc it costs like $3000-4000 to setup and like $1500/yr
Small Business Owners
Business owners who open Defined Benefit plans can save and defer taxes on double or triple what they could save in a SEP or 401(k)
www.dedicated-db.com
Jysin
Ahn'Qiraj Raider
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Massive fraud piece put out against QS. (Scorpion Capital and Muddy Waters)
Blazin
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COIN financials:
2020 Financials shows a net profit margin of about 8.5%. 2019 was a loss. EBITDA margins about 20%, again 2019 was a loss. Their 2021 projections seems insanely high (projecting Q1 revenue equal to all of 2020 revenue). I like that SGA expense slowed down considerably as revenue increased from 2019 to 2020. I dont see this thing as vaporware with my cursory look at the financials, but I also dont see it as a 100b company. It needs to churn about 1b in revenue a year to maintain profitability at the current expenses.
Coinbase (COIN) Financials - Income Statement - Stock Analysis
Detailed annual and quarterly income statement for Coinbase (COIN). See many years of revenue, expenses and profits or losses.
Values it as being worth more than the NASDAQ . My issue with it is that the transaction fees are very high and if they are successful , just like stocks, those fees will be driven way way down. For it to be worth mroe in the future it really needs to become a prime broker of crypto. It can't get to supporting this valuation on transaction fees.
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