Investing General Discussion

Haus

Haus

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Borzak said:
I have some silver. I never counted it as an investment. When I got paid I would buy 1oz rounds in X quantity from time to time. Just cause I liked them. I will say with the price of silver being where it is I've thought about selling. It would all sell for just silver price, nothing collectable. I imagine a lot of people as of late have had the same thought with the price of silver being where it is.
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That was pretty much my angle too. Since then I've realized that with the fact that you have to buy at a markup over market spot price anywhere you buy round/bullion, and then have to sell at a discount off market spot price when you sell it was eating so much profitability I stopped seeing it as a smart place to park value.

With that said my inner mountain dwarf still likes having coins that are shiny and ring like a bell when you flip them. And they make great card holders when playing poker.
 
Haus

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tugofpeace said:
Yea unfortunately it's monthly buys for us on the same day each month so no advantage of us getting shares when they are cheapest. Also have to wait three months to sell new shares.
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That's still not too bad assuming your company isn't going to dump 15% in price in 3 months. As others said. Is your company one you'd consider buying stock in anyways? If so, this is just free money for you. How many other investments could say "You'll gain the market increase in stock price plus 15% in three months."? In my case my company is one I'd also buy stock in so it's worked out swimmingly, and I have yet to sell a single share of my company stock in the 5+ years I've been with them.
 
Khane

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I feel like these robotaxi fleets are basically the next iPod. Everyone had one for a hot minute and then mostly obsolete thanks to the iPhone the next minute.

They'll be cool and exciting and new (if people even trust them enough to use them) and then IF people do actually trust them enough to use them, a wide array of self driving cars will be available and become the standard for purchase. And then once everyone has their own self driving car then they have their own personal chauffeur and who is really using taxi services enough to justify having fleets?

There will still be uses for them in major metropolitan areas where people don't typically own vehicles (if they can get those cities to agree to allow them) but the impact of them I think is being vastly overblown.
 
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Haus

Haus

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Khane said:
I feel like these robotaxi fleets are basically the next iPod. Everyone had one for a hot minute and then mostly obsolete thanks to the iPhone the next minute.

They'll be cool and exciting and new (if people even trust them enough to use them) and then IF people do actually trust them enough to use them, a wide array of self driving cars will be available and become the standard for purchase. And then once everyone has their own self driving car then they have their own personal chauffeur and who is really using taxi services enough to justify having fleets?

There will still be uses for them in major metropolitan areas where people don't typically own vehicles (if they can get those cities to agree to allow them) but the impact of them I think is being vastly overblown.
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I think there will be some long term market for them. I know younger people in my line of work who literally uber everywhere and put it on their expense reports and my company now doesn't bat an eyelash paying for it.

Plus folks like my wife who just have a disdain for driving themselves, but don't like the "getting in a car with a stranger" vibe of Uber/Lyft.

I don't think it will have a massive societal shifting change outside of dense urban areas though, where uber/lyft are already causing that shift. This will just automate it and drive more people out of jobs. heh I wonder if these robotaxis will become the next "Own 10 vending machines and they make a second income for you" cash stream for people who can invest to buy 2-3 robotaxis and have a driveway big enough at home to park/charge them. Or if Tesla will literally own all robotaxis outright so it's just a revenue stream for them.
 
Juvarisx

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Khane said:
I feel like these robotaxi fleets are basically the next iPod. Everyone had one for a hot minute and then mostly obsolete thanks to the iPhone the next minute.

They'll be cool and exciting and new (if people even trust them enough to use them) and then IF people do actually trust them enough to use them, a wide array of self driving cars will be available and become the standard for purchase. And then once everyone has their own self driving car then they have their own personal chauffeur and who is really using taxi services enough to justify having fleets?

There will still be uses for them in major metropolitan areas where people don't typically own vehicles (if they can get those cities to agree to allow them) but the impact of them I think is being vastly overblown.
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I think they should have focused on getting as many people as possible into the self driving Tesla's and ate the loss for years now. Prove that its safe and usable and ubiquitous as the years roll along. They didnt at all now I don't trust self driving worth a shit even if I owned one, now I am supposed to trust self driving in one that I don't and don't know the condition of? You just know someone is going to find a way to hack one and drive it into the ocean or some shit cause the cab company will put a giant barrier between the front and back so people cant mess with the controls.
 
Captain Suave

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Juvarisx said:
I think they should have focused on getting as many people as possible into the self driving Tesla's and ate the loss for years now.
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I have a Tesla. They give me free trials of FSD for several months a year and I still don't use it because it doesn't work well enough. I'm not saying it won't ever work; the tech is obviously possible and inevitable on a medium timeline, but it's not there now. I'd LOVE a Robotaxi that really worked to ferry around my in-laws, or to take my wife on errands while I'm at the gym so we only needed one vehicle, etc.

I just don't think we can take Tesla at their word based on their track record on this. I'm going to wait until the insurance company actuaries decide the cars are safer drivers than people.
 
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Sanrith Descartes

Sanrith Descartes

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They will have a market in the big urban areas. People don't get how many people in NYC don't know how to drive. It's something we just take for granted.
Also, tolls and parking in places like NYC are insane.

As to a lot of competition, I believe there is Waymo and TSLA. No one else is even close. GM bought another competitor awhile back (Cruise?) And I think they shut it down. I see the future being TSLA/Waymo licensing out their tech to competitors at some point.
 
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Locnar

Locnar

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My company takes out and holds our money for six months and then buys stock at a 15%discount when the six months are up and we can sell right away. I do it since its basically?? a savings plan that earns 15 percent twice a year. We can do 10 percent of our income.
 
Haus

Haus

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Locnar said:
My company takes out and holds our money for six months and then buys stock at a 15%discount when the six months are up and we can sell right away. I do it since its basically?? a savings plan that earns 15 percent twice a year. We can do 10 percent of our income.
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That's exactly how to withholding/purchase happens at my company....
 
tugofpeace

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Locnar said:
My company takes out and holds our money for six months and then buys stock at a 15%discount when the six months are up and we can sell right away. I do it since its basically?? a savings plan that earns 15 percent twice a year. We can do 10 percent of our income.
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Haus said:
That's exactly how to withholding/purchase happens at my company....
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Maybe you two work at the same company? Mind = blown
 
Lambourne

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The cybercab allegedly shares most of its hardware with the new cheaper Tesla which they are going to announce soon (still on track for H1 2025 according to earnings call info). So it's not a standalone product but just a car they were already going to build but with the steering column and pedals removed. It's just smart marketing to announce the driverless version first.

I think it's interesting tech, I could see it replacing public transport in less densely populated areas in time.
 
Fogel

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Why just stop at only taking out the steering wheel when Elon can do the most epic thing ever

Screenshot Capture - 2025-04-26 - 07-54-35.png
 
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