Let's talk about money - The Finance Thread

I just checked that site and this is the first thread I run into.

https://steemit.com/steemit/@noisy/we-just-hacked-11-accounts-on-steemit-1158-sbd-and-8250-steem-is-under-our-control-but-we-are-good-guys-so

Not a good look, but I will withhold judgement. For now.

-Starhammer-

AMD shares are surging with bitcoin because digital currency ā€˜miners’ need its graphics cards

lol was wondering why AMD’s stock has been on a tear lately, this is hilarious.

…and I thought it was because Tekken 7 was released in PC. That would make a good Freakonomics podcast topic.
Here’s a quick yt video explaining India’s demonetisation.

https://seekingalpha.com/article/4079168-amd-480minus-580-graphics-cards-sold-nationwide

As funny as it is. Its YUGE money when you build your own miners even factoring electricity. Using ETH or ZEC as a base and say your mining hash is good enough to mine .5 a day.
Thats still a respectable 125 and 130 USD for a full 24 hours.
https://www.cryptocompare.com/mining/sapphire/radeon-rx-480-ethereum-mining/

http://cryptomining-blog.com/8033-testing-the-amd-radeon-rx-480-for-ethereum-mining/

Though even 3 of these cards your running at .053 ETH a day. 13 bux a day. (Using 250 USD.)
Nothing to laugh about seeing as ETH could easily hit 500 USD by the end of the year or even surpass Bitcoin as the new gold standard and hit 1000 USD+.

Not going after you for posting this, but this ā€œpolicyā€ has been a total-fucking-fiasco, and even this youtube video doesn’t show the whole scale of the problem.

There’s 9 or 10 articles in this series, but 1 is enough.

Figured i’d post this article here also:
http://thehill.com/policy/finance/337004-house-passes-sweeping-bill-to-strip-post-recession-banking-rules.

Do we really want another potential market crash in the near future? I thought we learned from this! If this passes in the Senate, it’d be another ticking time bomb.

On more local news, finally bite the bullet and sold the 2 stocks I’ve been holding forever that lost 90% of its value :crybaby: . On a positive note, ATVI is moving along nicely :tup: . If it hits 62.00+ mark, should recoup some of my losses.

huge rotation in the markets on friday into financials, all of the high flyers for the year got wrecked, which was mainly tech stocks. i got lucky as hell and sold amd in the morning before the big sell off in tech, but im still holding micron(MU) , but ive had that for a minute so im still up in it. dont know if this was just a one day thing or if the rotation will continue, but i bought some NVDA on the pull back. will sell it if this sell off continues in tech though.

What isn’t a good look? Did you even read the thread? What isn’t a good look is posting your passwords in public places on the website on which the password is used. User error.

Nope. Closed it and walked. I will check later though. It’s kinda like if I just got my pilot’s license and the first thing I see when I get to work is a 747 sticking ass end up out of the tarmac. Despite the fact that it was a once in a lifetime event, my confidence in safety around that place just fell a few notches.

The way things look right now, my money plans are running along at speed. By the end of this year I’ll have it up to the amount I want in dividends, then I add on a few more stocks. I’m still waiting to see the red flags that say,ā€œTHE FINANCIAL SKY IS FALLING!!ā€ so I’m not gonna stay on guard. How’s the rest of you doing?

-Starhammer-

i wish i had caught that move in biotechs last week, the thing was basically a vertical line up. huge move, thousands of dollars missed, oh well i atleast had AMD which was lights out this week.

word on the street is that Ethereum creator has died. could be a pump and dump though

Just found out this podcast: https://www.fool.com/podcasts/motley-fool-money/

Invested on 2 of the symbols they mentioned from the latest podcast; let’s see how this plays out.

Big Banks Set to Pay Out Largest Dividends in a Decade

All of the nation’s largest banks passed the latest stress test on Wednesday, the first time all aced the exam since the Federal Reserve began administering the exercise seven years ago.

Cryptos, Past that crypto bill some people in the US are pushing (Which is complete BS and is bankers pushing that) its a been going great for me.
ETH got hit HARD and still hasnt recovered from that 40K ETH dump into the market. Glad I hopped off at 400 USD. Also in general sell offs that happened at the end of June/ start of July. Possible people take gains/loss for the quarter.

Still holding strong on DASH and riding ZCash to see if recovers back to 400-ish. Also, have a Genesis Mining contract for ETH as a hedge.
Last bit shilling an exchange called www.livecoin.net
They arnt paying me. I just like the exchange cause its a simple site with candle stick charts and the few exchanges that lets you trade cryptos in USD or Russian Ruble. (As long as you dont put that in a US bank you dont claim it on taxes.)
Trade off is there isnt much coins and little active traders on it. (Though you can snag some good prices on people not paying attention on their listing prices.) Dont use a credit card to fund your account. Just use coinbase and buy crypto then send to the livecoin wallet.

This here guy is dropping some of the knowledge that cannot be found in books. There is more than one reason why you’re broke, and he’s gonna tell you where to look.

-Starhammer-

Whats up everyone, I’m new to this thread.

I’m still a beginner when it comes to investing. Does anyone has any experience trading options? If so, what’s your experience? Did you lose more than you expected or did you gain big over a short period?

General update on that 2 symbols i invested based off of a Motley Fool’s podcast eps: stock A: up 24% :wow: , stock B: down 40% :sad: . Meh, i’m in it long so we’ll see.

Anyways, was listening to this Freakonomics eps few weeks ago:

CRSP sounds straight off a Star Trek technology; the possibility is endless if this is done right. There is apparently a big patent dispute on who ā€˜owns’ it.

Placed a few GTC buys on 2 of the listed symbol; let’s see where this leads into.

@MarcOfTheBeast : you got balls man, new to investing and planning to get into options trading first? Good luck man.

Go big or go home. You can’t take it (money) with you…

So, I had met with an investor from Vanguard yesterday. Pretty much, he told that trading stocks day to day is for the birds and it’s a lot of luck involved. And investing in an index fund is way better, it exposes you to less risk and gets you the same amount of yearly returns or better over a long period.

He also mentioned that I should keep two goals in mind when investing. What am I going to use this money for? And when will I need it?

Yea…listen to that Vanguard nigga. There are index funds on literally anything at this point. Good luck and make it rain!

Edit: mwahaha; i just re-calc my 401k contribution since my work is now adding 5% in and I’m way overcap. I need to reduce my contribution % which means…