stock market was up today...

[n_huffhines]

https://www.reddit.com/r/wallstreetbets/comments/l9gv98/citadel_is_the_5th_largest_owner_of_slv_its/

 

[Thunder Good-Oil]

But you need the coins when the apocalypse arrives.

No. You need physical lead.

 

[Fun coupon VOL]

No. You need physical lead.

I prefer gun powder. There is only so much you can do with just lead.

 

[SpaceCoastVol]

I have always used real estate as my investment Avenue and I do very little with stocks. Anything I invested would be fun money.

We started buying foreclosures back in 10 and I just stuck with it. I knew Columbus really, really well and knew where to buy. I don't own anything in tn as the cost per sq ft is too high but try to buy 2 to 3 houses a year in Ohio. I have never paid more than 45k for a house.

I can still buy a house in colimbus for 35k, put 5k into it, and then rent it out for 750 to1250k a month depending on the area. 5 years I get my money back and then start turning a profit.

Stocks is not my forte but am getting very curious now.

Any stock books you would advise?

Screw stocks. You have the gravy train amigo.

 

[Fun coupon VOL]

I have always used real estate as my investment Avenue and I do very little with stocks. Anything I invested would be fun money.

We started buying foreclosures back in 10 and I just stuck with it. I knew Columbus really, really well and knew where to buy. I don't own anything in tn as the cost per sq ft is too high but try to buy 2 to 3 houses a year in Ohio. I have never paid more than 45k for a house.

I can still buy a house in colimbus for 35k, put 5k into it, and then rent it out for 750 to1250k a month depending on the area. 5 years I get my money back and then start turning a profit.

Stocks is not my forte but am getting very curious now.

Any stock books you would advise?

Have any trouble with renters destroying the place? That is / was our biggest problem. On a good little run over the past five years of no damage.

 

[n_huffhines]

I have always used real estate as my investment Avenue and I do very little with stocks. Anything I invested would be fun money.

We started buying foreclosures back in 10 and I just stuck with it. I knew Columbus really, really well and knew where to buy. I don't own anything in tn as the cost per sq ft is too high but try to buy 2 to 3 houses a year in Ohio. I have never paid more than 45k for a house.

I can still buy a house in colimbus for 35k, put 5k into it, and then rent it out for 750 to1250k a month depending on the area. 5 years I get my money back and then start turning a profit.

Stocks is not my forte but am getting very curious now.

Any stock books you would advise?

My cousins are your competition there in Columbus. Small world. You'll be happy to know I'm diverting their attention to KY to a new RE business model

 

[NEO]

Have any trouble with renters destroying the place? That is / was our biggest problem. On a good little run over the past five years of no damage.

I decided out of the gate I would charge less than my competition but would be very selective about who I rented too. I ask for 3 referrals and a work referral and do call. I also take first months and last months rent down and hold last months rent in the event any cleaning etc needs to be done or there are damages.

It seemed to help mitigate that.

 

[NEO]

Screw stocks. You have the gravy train amigo.

Yeah but 10 turning to potentially 300 is just too good not to try. It could be a 1 off scenario or it could be these guys have figured out how to move the market.

Part of me thinks these guys have figured out how to move stocks and it will be happening for a while until the sec makes some type of change to protect the hedges......which they will I sadly believe.

 

[Electric Orange]

First time?

 

[SpaceCoastVol]

Yeah but 10 turning to potentially 300 is just too good not to try. It could be a 1 off scenario or it could be these guys have figured out how to move the market.

Part of me thinks these guys have figured out how to move stocks and it will be happening for a while until the sec makes some type of change to protect the hedges......which they will I sadly believe.

Here is where you are better off... I have no debt (I'm old)... All of my earnings from trading stocks are short term capital gains. Highly taxed. I am in the fetal position on the floor of my accountant's every April 15th when she hands me the IRS bill.... You get deductions. And you know what you are doing. Hitting the homer like these clowns is 90% luck. Stick to what you know.

Can't wait for Joe and the Ho to start stealing even more.. Gonna be awesome.

 

[TheColdVolTruth]

With individual investors... but here is the catch, they have to have a large number of shares in order to be able to stand for delivery. A few small investors with a few hundred or a couple of thousand shares can't (individually) do anything. But even if you got a bunch of SLV shareholders together in one group and they were able to meet the minimum amount to stand for delivery, the contract is written such that they can just pay you off in cash instead of metal.

I thought I had been over this before on SLV, but I had actually talked about GLD last summer.

stock market was up today... Post #10,922

I remember that conversation. I guess I have a hard time understanding why anyone would want to redeem SLV (or any other similarly structured etf) for the physical metal. Most people who want the physical metal would purchase that asset. Anyone investing in a derivative based etf is looking for a return similar to that of physical metal but with the transactional ease of a share of stock. Redeeming an etf that tracks the price of a metal for the physical metal seems to be a cumbersome way to accomplish that goal.

 

[Thunder Good-Oil]

I remember that conversation. I guess I have a hard time understanding why anyone would want to redeem SLV (or any other similarly structured etf) for the physical metal. Most people who want the physical metal would purchase that asset. Anyone investing in a derivative based etf is looking for a return similar to that of physical metal but with the transactional ease of a share of stock. Redeeming an etf that tracks the price of a metal for the physical metal seems to be a cumbersome way to accomplish that goal.

arbitrage

 

[TheColdVolTruth]

arbitrage

That's interesting. I've never considered those metals ETFs as a vehicle to take ownership of the physical asset. I've traded SLV, GLD, GDX, and some levered tickers at times, but I've never had any interest in owning the physical metal. The only metals I own are lead, brass, and steel (stainless and blue).

 

[Orangeburst]

View attachment 347532
First time?

Made their bed they can sleep in it. Dont even care.

 

[85SugarVol]

No. You need physical lead.

 

[Electric Orange]

Made their bed they can sleep in it. Dont even care.

Couldn't if I wanted to...

 

[Rasputin_Vol]

View attachment 347611

Exactly.

 

[evillawyer]

 

[LouderVol]

Lol. Straight hog wash.

Doing the exact same thing we did before. Opening up the states will do more than just giving out 1.9 trillion dollars.

If things remain locked down 1.9 just goes to those that can be open. Which doesnt helped the parts of the economy shut down.

This is just another way for the politically connected to get money from the administration. Just like what they did with the first stimulus.

Congrats on electing Trump 2.0.

 

[SpaceCoastVol]

You are such a fool

 

[Rasputin_Vol]

So are they working on it right now or are they too busy with impeachment trial?

 

[evillawyer]

So are they working on it right now or are they too busy with impeachment trial?

Can you walk and chew gum at the same time?

 

[RikidyBones]

Can you walk and chew gum at the same time?

Congress cant.

 

[evillawyer]

You are such a fool

Dude, I linked an article about something S&P said. Don't shoot the messenger. And by all means bubble and squeak, if you've got better economists working for you than S&P, please enlighten all of us.

 

[C-south]

How? He already said there’s no way he could stop the virus like he promised he would. No sign of the $2k he promised. More malarkey.