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Tug life

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the cac mamba

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I was extremely bullish on lyft until I saw the s1 filings with the sec. Lyft has never been profitable and may never be. They lost almost 1 billion dollars in 2017 alone :huhldup: I'll wait a couple months after ipo to look at it again dont want a snap or bue apron situation.
i probably know less about stocks than anyone in here, but why the fukk would you want lyft like that when its a company that hemorrhages money? isnt that expense just gonna be picked up by stockholders? :dead:
 

hashmander

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its climb started after idiocracy came out. the idiocracy bump.

D0mVAq8WkAAtKTA.jpg
 
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winb83

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i probably know less about stocks than anyone in here, but why the fukk would you want lyft like that when its a company that hemorrhages money? isnt that expense just gonna be picked up by stockholders? :dead:
Amazon ran in the red for years did it not? Netflix ran in the red and still does.
 

N.J.stan

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betting against GE was good to me last year. I wasn't planning on doing it this year, i guess i will be.

I should have sold my calls last week. Was up 106%, now down 56% :francis:

Good thing they don't expire till next year :mjlit:
 

the cac mamba

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i think im just gonna wait until theres some kinda crash. i have most of my money in a 2.5 percent online bank, and it turns out that shyt beat the market last year :dead:

i guess for a long term investment it doesnt really matter, but arent all signs pointing to some kinda recession soon?
 

winb83

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i think im just gonna wait until theres some kinda crash. i have most of my money in a 2.5 percent online bank, and it turns out that shyt beat the market last year :dead:

i guess for a long term investment it doesnt really matter, but arent all signs pointing to some kinda recession soon?
In a recession you buy more. It's an investment opportunity. The thing is if you don't need the money at the moment it's better IMO to put it in the market.

You say your 2.5% beat the market last year and that's true but the S&P 500 returned close to 18% in 2017 so if you lose 7% in 2018 you'd still be far ahead of 2.5% on a savings account.

I keep about 10K in online savings account, about 3-5K in a checking account and just about everything else goes into the market these days. I don't need the money any time soon so I'll play the long game and let it grow.
 

the cac mamba

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In a recession you buy more. It's an investment opportunity. The thing is if you don't need the money at the moment it's better IMO to put it in the market.

You say your 2.5% beat the market last year and that's true but the S&P 500 returned close to 18% in 2017 so if you lose 7% in 2018 you'd still be far ahead of 2.5% on a savings account.

I keep about 10K in online savings account, about 3-5K in a checking account and just about everything else goes into the market these days. I don't need the money any time soon so I'll play the long game and let it grow.
yeah thats what my uncle told me
 
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