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Started By
Message
Short term investment
Posted on 8/24/18 at 9:20 am
Posted on 8/24/18 at 9:20 am
So I'm sitting on a little under $1000 for a group. What would you do with it assuming payout is 1/8/19? Put it in the bank and don't touch it? I don't know the rules on short term investments, around 4 months. I mean if it yields 5% that's an extra $50 gross to the pot. I don't know if it's even worth it net though.
inb4, going on a cocaine induced bender to frick as many strippers as I can before my pecker falls off... I have my own money for that.
inb4, going on a cocaine induced bender to frick as many strippers as I can before my pecker falls off... I have my own money for that.
5
Posted on 8/24/18 at 9:27 am to Sacrifice_blunts
$100 buy-in to a 10 team fantasy league? lol
Posted on 8/24/18 at 9:36 am to LSUengineer12
Close. You want in? What's your email and I'll send you the details lol
Posted on 8/24/18 at 9:38 am to Sacrifice_blunts
Robinhood and put it all on CGC
Posted on 8/24/18 at 9:45 am to Esquire
CGC AND Tilray have been killing it.
Posted on 8/24/18 at 9:47 am to Esquire
AUPH is about to take off right??
Posted on 8/24/18 at 10:35 pm to Sacrifice_blunts
quote:
So I'm sitting on a little under $1000 for a group. What would you do with it assuming payout is 1/8/19?
Sit on it. Not enough to bother with at today’s rates. Another entry on the 1040 to boot.
Posted on 8/27/18 at 11:35 am to Sacrifice_blunts
I put $300 in ATAI this morning at $0.85 /share. Today alone it has risen to $1.53 / share. I should of added an extra zero on the total purchase. 
ETA: Now, $1.65
ETA: Now, $1.65
This post was edited on 8/27/18 at 11:45 am
Posted on 8/27/18 at 1:18 pm to rowbear1922
What is the play here? Think it is going to moon or just bounce after recent bad news?
Posted on 8/27/18 at 1:22 pm to Sacrifice_blunts
You're looking at maybe 15 bucks for a guaranteed return, so what's the point?
Unless you want to gamble.
Unless you want to gamble.
Posted on 8/27/18 at 1:34 pm to castorinho
I think I would invest in an envelope and stick it in a desk drawer or safe.
Posted on 8/27/18 at 1:46 pm to plaric
quote:
What is the play here? Think it is going to moon or just bounce after recent bad news?
I think they sold off a line of business, paid a nice dividend for that sell, some bad news along the way and people ran. Company already is talking about other mergers and acquisitions. If it gets back to that $4.5-$5 a share range that is a 4-5x on the money I put in. I agree that is not a whole lot (wish I put a lot more in when I went buy). I set an alert if they ever fell below $5/share so I had a huge surprise when the alert went off and it was trading for below $1 / share. The drop made me very hesitant which is why I just took a flyer out on them and figured I would throw a few hundred at the stock and see what happens. I knew it would rebound some eventually (did not expect it to be this soon).
I fully expect this to be a short-term investment and will probably sell in 6 weeks or less.
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