Bought it years ago .09 cents and sold early and seen it rise many bucks.
It can do it again, weed industry only gonna grow, and the US will federally decriminalize weed sooner or later.
Boiler Room: The Official Stock Market Discussion
It can do it again, weed industry only gonna grow, and the US will federally decriminalize weed sooner or later.
Majestic
Believe in myself and the Coles and Kendricks
hopefully it goes lower, then it's an instant cop.
Im starting to finalize my final list of stock i want to buy any critique or advice? my budget is about 27k ish, Ideally looking for a 3x overall return in 4 years, plan is to at that point withdraw 60k and put that down as deposit for a house and keep the rest in the market.
Long term holds
Disney
microsoft
APPL
FB
Wild cards
mgm
uber
ford
boeing
Tesla
Google
Amazon
Other hotels stocks
Airline stocks
My reason for picking the long term holds is because the companies are stable companies i know about that i can see lasting in the long run that have huge potential for growth and are pretty much ingrained into western society at this point(except for disney)
My wildcards are companies that are either abit too pricey (amazon, google) for my budget or are hyped (Tesla,uber) or could get bailed out and i loose my money(mgm,ford,boeing)
Ideally i want to add 2 more companies to my long term holds, for my wild cards these are stocks I have budget of 2k in total to throw at in hopes they take off
Any critique?
Long term holds
Disney
microsoft
APPL
FB
Wild cards
mgm
uber
ford
boeing
Tesla
Amazon
Other hotels stocks
Airline stocks
My reason for picking the long term holds is because the companies are stable companies i know about that i can see lasting in the long run that have huge potential for growth and are pretty much ingrained into western society at this point(except for disney)
My wildcards are companies that are either abit too pricey (amazon, google) for my budget or are hyped (Tesla,uber) or could get bailed out and i loose my money(mgm,ford,boeing)
Ideally i want to add 2 more companies to my long term holds, for my wild cards these are stocks I have budget of 2k in total to throw at in hopes they take off
Any critique?
Any of them
Hilton
Marriott
Park Hotels
RLJ Lodging Trust
Interstate Hotel Group
Starwood Hospitality
Yeah if it drops then it's a great deal if they can make it through this.
Doubt they go to zero. The people who make up their boards and work there will continue buying stock. These companies are flush with cash, typically seeing big cash multiples on any deals they do. They can afford a down year. If this stretches past that...
Futuristic Eskimo
All Star
Marriot just came out with estimates they their revenue is down 75%. That is not a down year, that is catastrophic. If you want to buy companies with strong balance sheets that can survive, there will very likely be much more attractive prices than these.
UncleTomFord15
Veteran
Name some
Take a company you like and look at the balance sheet on Yahoo Finance. See how much debt they have and cash onhand.
Let's take Apple.
Yahoo is now a part of Verizon Media
Apple has 39 billion is actual cash and 67 billion in investments on-hand for a total of 107 billion. They have 163 billion in current assets and cash right now. They have 102 billion in shorter term (1 year liabilities).
They have 91 billion in quarterly gross revenue and the profit they're left with after operation is 22 billion. Apple could operate for a while with a balance sheet like that even in this downturn.
If you're gonna invest in the stock market you should learn to read balance sheets. I wouldn't suggest taking somebody's suggestion alone and throwing money at it. The few times I've down that it hasn't worked out so well. CCL for example. Even though their balance sheet says they can make it a few months like this.
Futuristic Eskimo
All Star
I'll take a look at this tomorrow. This isn't an industry I generally own and I've been indiscriminately shorting anything exposed to an economic shutdown so I have less insight into individual stocks that I think will survive at this point than I should be.
Here's a bad balance sheet I'm invested in.
Ford
Yahoo is now a part of Verizon Media
34 billion in cash and short term investments.
98 billion in short term debt.
39 billion in total revenue
lost 1.6 billion last quarter in net income.
Ford
Yahoo is now a part of Verizon Media
34 billion in cash and short term investments.
98 billion in short term debt.
39 billion in total revenue
lost 1.6 billion last quarter in net income.
Some thoughts...
- Many of those are great companies that will likely have solid returns over the next 4 years, but I think 3X might be a little too ambitious especially at this late a stage.
- The riskier companies (Uber, Tesla) will obviously present the best growth opportunity but I'd weigh that carefully if you will require the proceeds to buy a house in the near future.
- COVID-19 has wrecked the markets. It may very well be a long window before we get back to the bull market where valuations were sky rocketing.
- Returns will stagnate at some point. Getting restless and chasing higher returns via riskier securities will more often than not result in you losing money. Learned this the hard way
- I personally split the majority of my money between a large cap global equity fund, and the nasdaq 100. It's only a portion I allocate to individual stocks (~5) that I believe have a great growth potential (eg Uber, LK)
- Goodluck
