Post: #51

(04-10-2019 10:01 PM)ChicagoFire Wrote:  Why would you advocate for Tesla when Elon Musk has underperformed year after year?

How? His sales have gone up. His margins have gone up.
Where are you getting 'underperformed'?
They are at the edge of becoming cash flow positive.
Tesla's branding is strong as ever, year by year they are improving their manufacturing and have beaten quarterly financial targets.
What are you talking about? his stock is up 10x+ since year 2010/2011.

(04-10-2019 10:01 PM)ChicagoFire Wrote:  Crypto IMO is a libertarian's wet dream where government crashes and the 1000 or so investors rule the world with their tulip mania inspired money (not happening).

Yeah, that's your opinion as you said "IMO".
We will see in few years. I don't think you understand the basic of how technology works, you probably missed out on Amazon, Google, Facebook's uprise as missed out on the "internet"

(04-10-2019 10:01 PM)ChicagoFire Wrote:  FYI I do own crypto and once I go to a lower tax state I will sell or swap it for real assets.

Real assets like what, real estate? You have no idea what intangible assets are, it would be better if you just stick to laundry machine/vending machine businesses that you can actually simply understand.
You do you, but I can guarantee that real estate is in bigger bubble than crypto or any of those stocks that I have mentioned. Nothing has happened over the last 10 years since the 2008 crash.

The market is unsustainable ever where people who got of college are able to buy houses worth a quarter million with no deposit or minimum deposit.

Post: #52

Thanks so much for your investment advice BGbusiness.

https://www.zerohedge.com/news/2019-04-1...ghai-due-0

I would ingnore folks that advocate these type of overvalued stocks.

Buy Gold and Silver Mining stocks, Agricultural Real Estate, Physical Precious Metals, Privacy centric crypto currency. Also hoard cash to buy distressed assets in next recession.

Post: #53

^^
Agreed for the most part especially using cash to buy distressed assets. The blue pilled normie crowd think the Trump rally is going to last forever. Once recession hits will be the time to swoop

I heard about Tesla and Elon Musk in depth through Eric Townsend, an economist. The gist of what he said is the following:

Musk is the modern day PT Barnum
His stock isn't worth more than $20/share
With the previous points in mind Townsend made the mistake of shorting Tesla
Tesla has underperformed year after year
Musk can pick himself up failure after failure as if nothing has happened
Musk quite possibly will suffer from a mental breakdown as evidenced by some of his erratic tweets. Bankruptcy may trigger it.
Tesla's cars are inferior.

I wouldn't want to short Tesla but at the same time bankruptcy may very well cause Tesla to drop even further.

As for real estate you don't have to go all in on that there are REITs. Also if real estate is so bad the big ballers like Donald Trump would be shaking right?

Already stated my position on crypto, and will repeat it's tulip driven mania. Precious metals will appreciate as the dollar weakens.

Post: #54

Broke people giving out investment advice is like askng a girl for help on how to do better with women. Lot of that going on here.