Tech Stocks

[Nicnac]

Anyone trading on here and wanna discuss some tech related stocks?

I'm trying to build a portfolio and would love to hear what some people on this forum are invested in.

 

[GDRRiley]

I sold all my AMD a few months back. went from around 20 (bought shares at 2 different prices) to 95$

[Nicnac]

1 minute ago, GDRRiley said:

I sold all my AMD a few months back. went from around 20 (bought shares at 2 different prices) to 95$

and i just thought about buying some now ^^

Im in it for the long run tho. unless something catastrophic happens I wanna hold most of my stocks for a few years

[GDRRiley]

2 minutes ago, Nicnac said:

and i just thought about buying some now ^^

Im in it for the long run tho. unless something catastrophic happens I wanna hold most of my stocks for a few years

it took 2 years for it to climb that much. some people think its got space to run into the low 100
Unless TSMC can find more 7nm capacity they aren't going to be make more chips unless they move to 5nm

[Guest]

When bitcoin crashes hard again, I'm going to buy a lot of it. 

 

Not really interested in much else cuz that takes paying attention and stuff...

 

You can have some investors/accountants do some work with your money. 

 

Energy is always good to invest in. I used robinhood for like a month until I figured out I don't know how to get the money out and energy companies can make you some money. 

[TetraSky]

The only tech stock I own, is Apple.

And I invested when they peaked at $134 a while ago thinking it would keep going up... The very next day it started crashing hard... Bought some more when it went down to $110 to lower my average to $126... Then it finally went back up to $137.. before promptly crapping back down... Wouldn't be surprised if it went even lower for some reason. I'm in it for the long run. Here's hoping they pass the $200 bar within the next 4 years, it would essentially pay for my entire student loan.

 

Other than that, I mostly invested in things like big pharma, renewables, etc. ... And I got like 0.3 ETH (put in a low amount of $500 that I'm willing to lose). I'm also thinking of buying more when it crash next. Shouldn't be long now. Still don't understand why anyone is buying into Crypto... I just.... Don't get it. People are weird. 

[StDragon]

12 hours ago, comander said:

Get VOO or VFIAX and set a rule e.g. "I won't touch this for the next 5 years". 

You'll thank yourself later. 

VGT (Vanguard Information Technology)

[tikker]

23 minutes ago, comander said:

Going back, if you don't mind, explain how, in the apocalypse event you'd be able to use gold without having someone remove your fingers with a bolt cutter?

He said long term investment, not financial security in a post-nuclear apocalypse wasteland where people hunt you down for your gold lol. What will you do with all your huge stock investments in an apocalypse event?

23 minutes ago, comander said:

The only way gold might make sense would be if the world economy collapsed and you had a buffer to barter

You've answered your own question. Gold is and probably will remain valuable to some extent, because of its properties and that we colloquially agree it is worth something. Though physical gold is likely more an insurance rather than a (hugely) profitable investment nowadays.

[tikker]

16 minutes ago, comander said:

Long term there's little reason to think that gold will outperform the stock market. 

In the next 50 years we're likely to have:
1. incredible robotics advances
2. incredible bio-engineering advances
3. great computational advances (quantum computers are looking to be a thing)

 

It's unlikely that gold will be a significant contributor to any of those. 

Oh I agree. Gold may not make you a whole lot of money, but your stocks of fancy technology companies will be completely useless after an apocalypse, hence the insurance aspect of gold.

[igormp]

I recently got into stocks, bought some from Netflix, TSMC and Nvidia. Gonna buy some from AMD later on, and I'll wait for the next intel slip (maybe when they fire the current CEO or delay another product) to buy some too.

[tikker]

8 minutes ago, comander said:

It's NOT a good insurance though. In the extreme edge case (basically 0% chance of happening) you'd likely be brutalized for it - "stop hitting me, the gold is in this spot"

 

and neither are your stocks. You'll just starve to death because you have nothing.  I'm talking about buying phyiscal gold btw, not investing in some gold company. It has inherent value; present day moneywise or differently. Your imaginary money in stocks of companies does not have any value outside of today's markets and currencies.

 

Do you really think the entire world will immediately turn into a bunch of savages and start murdering each other for gold once the usual market collapses? I guess we're already doing that for less, but come on. We have truly failed as a species if that's the case.

 

Also the footnote to that image  is: "Actual actual reality: nobody cares about his secrets. (Also I would be hard-pressed to find that wrench for $5.)". Why would they fight you? They don't even know you own anything if you don't flaunt your assests around. If you do you're an idiot.

 

Anyway, this is derailing the topic so I'll stop here

 

I recently started dabbling in some cryptocurrency. Not really stocks, but I can see the appeal in dealing in them now.

[YellowJersey]

IMHO, just go EFT. Broad index funds are the way to go. Picking stocks is largely a gamble. I've got my investments in WealthSimple's "Socially Responsible" fund and they've consistently out-performed the regular fund that my brother has his money in (also with WealthSimple).

[Rybo]

22 hours ago, YellowJersey said:

WealthSimple's "Socially Responsible" 

FYI, if you're doing that for the social responsibility aspect, you may be getting fleeced.  John Stossel recently did a video about it.  Short version: chances are your fund invests in the same companies as normal funds.  

https://reason.com/2020/12/09/dont-believe-the-hype-about-socially-responsible-investing/


But to contribute to the main thread, I'll echo many others: ETFs.  Many of them are heavily invested in tech companies anyways, so if you want "tech stock" just do anything that indexes to the S&P and you'll be 20%+ invested in tech companies.  

[YellowJersey]

37 minutes ago, Rybo said:

FYI, if you're doing that for the social responsibility aspect, you may be getting fleeced.  John Stossel recently did a video about it.  Short version: chances are your fund invests in the same companies as normal funds.  

https://reason.com/2020/12/09/dont-believe-the-hype-about-socially-responsible-investing/


But to contribute to the main thread, I'll echo many others: ETFs.  Many of them are heavily invested in tech companies anyways, so if you want "tech stock" just do anything that indexes to the S&P and you'll be 20%+ invested in tech companies.  

Sonofa...

[iBabySlapper]

I stock trade pretty casually, because putting money away in banks is a waste of time, and I can trade stocks tax free up until a certain ammount. So I've actually never paid tax on my gains, even if I've withdrawn them and spent some.

Anyway, I owned some LMND shares (afaik they sell insurance using AI or something) which I sold today since I was around 200% up. Sadly I was a bit late getting into LMND, but it's better than a kick in the teeth. As for other tech related stocks, I have some CRSR (9%+) and PLTR (150%+). They're both doing okay, I'll probably be keeping these for a while. I did buy some AMD shares when Ryzen Gen 1 came out and they turned out to be quite promissing. I sold those shares quite recently, and made a healthy profit. Personally I think AMD probably isn't the most lucrative stock on the market anymore, since they've grown so much; but who knows, I know very little honestly.

 

My other investments include crude oil (in the form of a Crude ETC, which I bought during the Covid crude price drop), ETFs in "Clean" energy (which should go up even more due to the changing political conditions in the US), Gamestop (so I can sell it in a few months after Q4 financials), a British beer company called Marstons (a stronger investment than I thought), Shell (who have recently, finally, started making me money), Israel T-35 ETF, GlaxoSmithKline, some Graphene stocks (which have been performing pretty poorly for me QQ), Hasbro (because I'm guessing we're gonna have a baby boom soon), and some other small investments.

 

As always, you win some and you lose some, but 2020 was a very good year for me (in terms of stocks at least).

 

If you want to throw in some money and leave it for a decade or two, I'd probably put it in the S&P500. If you want to try trading individual stocks, which is defo more fun, just be prepared to lose money.

[mousesnob]

On 1/6/2021 at 4:43 PM, TetraSky said:

The only tech stock I own, is Apple.

And I invested when they peaked at $134 a while ago thinking it would keep going up... The very next day it started crashing hard... Bought some more when it went down to $110 to lower my average to $126... Then it finally went back up to $137.. before promptly crapping back down... Wouldn't be surprised if it went even lower for some reason. I'm in it for the long run. Here's hoping they pass the $200 bar within the next 4 years, it would essentially pay for my entire student loan.

 

Other than that, I mostly invested in things like big pharma, renewables, etc. ... And I got like 0.3 ETH (put in a low amount of $500 that I'm willing to lose). I'm also thinking of buying more when it crash next. Shouldn't be long now. Still don't understand why anyone is buying into Crypto... I just.... Don't get it. People are weird. 

If you hold ethereum until proof of stake is emplemented i think you'll make a decent profit.

 

Of course its not entirely because of this (the other reason is obvious) but i belive one of the reasons the ethereum price is on the rise is due to the DAG size inecreasing past 4gig. A huge protion of miners had their 4gig vram cards become obsolete.

[dizmo]

15 minutes ago, mousesnob said:

If you hold ethereum until proof of stake is emplemented i think you'll make a decent profit.

 

Of course its not entirely because of this (the other reason is obvious) but i belive one of the reasons the ethereum price is on the rise is due to the DAG size inecreasing past 4gig. A huge protion of miners had their 4gig vram cards become obsolete.

Would that theoretically happen to 8GB cards as well?

[mousesnob]

14 minutes ago, dizmo said:

Would that theoretically happen to 8GB cards as well?

Yes that would theoretically happen. 

 

However its estimated that it would reach 6 gigs by 2024 and 8 gigs by 2027. Ethereum would most likley have transitioned into Ethereum 2.0 before 2024 though, and as a result no longer be minable.

[dizmo]

5 minutes ago, mousesnob said:

Yes that would theoretically happen. 

 

However its estimated that it would reach 6 gigs by 2024 and 8 gigs by 2027. Ethereum would most likley have transitioned into Ethereum 2.0 before 2024 though, and as a result no longer be minable.

Haha, damn. I was thinking it'd be a good thing to get in right before with some guessing and calculation.