Not financial advice but financial discussion (Read 10848 times)

Phazuka

Not financial advice but financial discussion
« on: March 30, 2021, 09:26:04 PM »
I think now is the time to buy what you want but diversify in gold, silver, guns, ground and damn the 401k and IRAs. 

Thoughts on perception management?

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GlockNewb

Re: Not financial advice but financial discussion
« Reply #1 on: March 30, 2021, 09:35:24 PM »
Interest rates will only go higher, so get land if/while you can. I was fortunate enough to close back in May with a nice low APR.
"Fast is slow, slow is smooth, smooth is fast."

Phazuka

Re: Not financial advice but financial discussion
« Reply #2 on: March 30, 2021, 09:42:56 PM »
Everyone I advised to cash out their retirement accounts and buy Bitcoin are sending me hate mail now.  I think if you can afford to buy 1 or 2 Bitcoin with your retirement savings and take advantage of Bitcoin lending could retire early in Hawaii. 

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macsak

Re: Not financial advice but financial discussion
« Reply #3 on: March 30, 2021, 09:58:55 PM »
in times of crisis, the Bs are going to be the new currency

bullets
beans
booze
babes
butts (cigarettes)
bandages (and medicine)
blunts (pakalolo)
etc
etc
etc

omnigun

Re: Not financial advice but financial discussion
« Reply #4 on: March 30, 2021, 10:01:09 PM »
Everyone I advised to cash out their retirement accounts and buy Bitcoin are sending me hate mail now.  I think if you can afford to buy 1 or 2 Bitcoin with your retirement savings and take advantage of Bitcoin lending could retire early in Hawaii. 

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A little late for that.  Unless you recommended it before the major spike. 

Phazuka

Re: Not financial advice but financial discussion
« Reply #5 on: March 30, 2021, 10:12:44 PM »
A little late for that.  Unless you recommended it before the major spike.
2 years ago when it was $3000

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blastoff747

Re: Not financial advice but financial discussion
« Reply #6 on: March 31, 2021, 12:26:44 AM »
2 years ago when it was $3000

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where do you get crypto from?  In my cursory search the sites don't allow you to buy if you live here.

omnigun

Re: Not financial advice but financial discussion
« Reply #7 on: March 31, 2021, 06:13:22 AM »
2 years ago when it was $3000

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That was great advice then.   👍  I made a few people decent money recommending it around, sent couple kids to college.  Unfortunately I didn't have much money to invest so I want able to benefit as much.   Right now I think it's a bit late for the bandwagon.  With over 1 trillion in market cap, I wonder how much more it can go up. 

changemyoil66

Re: Not financial advice but financial discussion
« Reply #8 on: March 31, 2021, 08:59:28 AM »
where do you get crypto from?  In my cursory search the sites don't allow you to buy if you live here.

Just be aware that there are a lot of scam sites.  And you won't know until you try and sell it and no coins are there. 

fishandshoot

Re: Not financial advice but financial discussion
« Reply #9 on: March 31, 2021, 09:13:00 AM »
where do you get crypto from?  In my cursory search the sites don't allow you to buy if you live here.

2 of my good friends recommended https://www.binance.com/en/buy-sell-crypto?channel=hzBankcard&fiat=USD

drck1000

Re: Not financial advice but financial discussion
« Reply #10 on: March 31, 2021, 09:27:45 AM »
Just be aware that there are a lot of scam sites.  And you won't know until you try and sell it and no coins are there.
Have "friends" that came across that.  Or also how to "cash out".  From what I've heard from reliable sources, the transactions are not that easy.  I think most of my "friends" ended up selling off their shares to effectively cash out.  So methinks there's some bs'ing going on. . . well, there always is, but to varying extents. 

changemyoil66

Re: Not financial advice but financial discussion
« Reply #11 on: March 31, 2021, 09:44:57 AM »
Have "friends" that came across that.  Or also how to "cash out".  From what I've heard from reliable sources, the transactions are not that easy.  I think most of my "friends" ended up selling off their shares to effectively cash out.  So methinks there's some bs'ing going on. . . well, there always is, but to varying extents.

My 1 coworker has been selling his fractions to other friends so it's easy for him to cash out.  But I do have another coworker who got scammed out of $5K back when the coins where going for about $8K.

drck1000

Re: Not financial advice but financial discussion
« Reply #12 on: March 31, 2021, 09:49:09 AM »
My 1 coworker has been selling his fractions to other friends so it's easy for him to cash out.  But I do have another coworker who got scammed out of $5K back when the coins where going for about $8K.
A couple of buddies got in early.  They asked me to jump in a few years ago, maybe more.  Anyways, it was fractions.  I dabbled a little, but not significant. 

Some other buddies are into cards and other memorabilia.  That market is kah-ray-zee!  I used to dabble in that too maybe 20 years ago.  I have a Jordan auto that I pulled and was worth maybe $60 when I got it.  I've since had it graded and stuff.  Now the same card is going for $5+!  Whoa!!!

changemyoil66

Re: Not financial advice but financial discussion
« Reply #13 on: March 31, 2021, 10:11:43 AM »
A couple of buddies got in early.  They asked me to jump in a few years ago, maybe more.  Anyways, it was fractions.  I dabbled a little, but not significant. 

Some other buddies are into cards and other memorabilia.  That market is kah-ray-zee!  I used to dabble in that too maybe 20 years ago.  I have a Jordan auto that I pulled and was worth maybe $60 when I got it.  I've since had it graded and stuff.  Now the same card is going for $5+!  Whoa!!!

It's crazy the alternative markets that's popular now.  Same guy who has bitcoin also has shoes that doubled in value.  We talking Yeezy type that go for $800+.  He also is buying cards as well.  The card market to me is more risky because it has longer down periods. 

They even have something that are like digital artwork that only 1 digit print is made.  Elons baby mama Grimes is a big investor in it.

drck1000

Re: Not financial advice but financial discussion
« Reply #14 on: March 31, 2021, 10:18:23 AM »
It's crazy the alternative markets that's popular now.  Same guy who has bitcoin also has shoes that doubled in value.  We talking Yeezy type that go for $800+.  He also is buying cards as well.  The card market to me is more risky because it has longer down periods. 

They even have something that are like digital artwork that only 1 digit print is made.  Elons baby mama Grimes is a big investor in it.
Yeah.  That and its SUPER fickle.  My buddies had a Tiger Woods auto that was going for around 10k in the mid-2000s.  Then he had his 9-iron incident and it plummeted.  I heard that card is back up to something like 30k+.  One buddy bought one for like 3k back in 2004ish. 

One of my best friends is really into cards and stuff.  Another friend works part time at a local card shop.  When we meet up for drinks and stuff, they tell me stories.  Some folks flip stuff quickly, some hold onto cards, etc.  They know I have a Jordan and Tiger auto and regularly ping me to see if I want to sell. 

QUIETShooter

Re: Not financial advice but financial discussion
« Reply #15 on: March 31, 2021, 10:38:40 AM »
I recall reading about North Korea dabbling in bitcoin after Trump was squeezing them on sanctions.

I never heard of nor cared to find out more about bitcoin after reading about that.
Sometimes you gotta know when to save your bullets.

wirecounter

Re: Not financial advice but financial discussion
« Reply #16 on: March 31, 2021, 11:44:13 AM »
30-round AR-15 magazines

bass monkey

Re: Not financial advice but financial discussion
« Reply #17 on: March 31, 2021, 11:52:04 AM »
A couple of buddies got in early.  They asked me to jump in a few years ago, maybe more.  Anyways, it was fractions.  I dabbled a little, but not significant. 

Some other buddies are into cards and other memorabilia.  That market is kah-ray-zee!  I used to dabble in that too maybe 20 years ago.  I have a Jordan auto that I pulled and was worth maybe $60 when I got it.  I've since had it graded and stuff.  Now the same card is going for $5+!  Whoa!!!

Where do you get cards graded at?

I still got my Pokémon cards and those are trending right now as well

drck1000

Re: Not financial advice but financial discussion
« Reply #18 on: March 31, 2021, 11:57:02 AM »
Where do you get cards graded at?

I still got my Pokémon cards and those are trending right now as well
If you're serious, hit me up in DM.  I'll get you in touch with the peeps. 

Strangely, even that is "political" these days. . .  ::)

blastoff747

Re: Not financial advice but financial discussion
« Reply #19 on: April 01, 2021, 01:22:57 AM »
I "invest" in LEGOs.

150 --> 490
140 --> 700
245 --> 830
48 --> 126
300 --> 830
240 -- > 666
64 -- > 290
72 --> 265
54 --> 115
55 --> 193
196 --> 450
120 --> 313
79 --> 215
83 --> 330
56 --> 155
35 --> 340
35 --> 126
151 --> 572
66 --> 400


 
First column how much I paid for it on amazon.  Second column is what it costs on amazon now.

All these increased minimum 100%.  The one that increased almost 900% (34 --> 340) was a Christmas gift.