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Where are you putting your cash these days, and why?

Posted on 6/8/22 at 2:53 pm
Posted by Zachary
Member since Jan 2007
1631 posts
Posted on 6/8/22 at 2:53 pm
TIA
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 6/8/22 at 3:05 pm to
SpaceX stock because it's privately held and doesn't get whipsawed in this insane market. Up 24% on it since my investment last fall.
Posted by tigersfan1989
Baton Rouge
Member since Oct 2018
1265 posts
Posted on 6/8/22 at 3:19 pm to
I have some in Ibonds and the rest in total market mutual fund. Ibonds is my efund and total market is for longer term funds for car purchases etc that I can wait it out if we have a serious market downturn
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 6/8/22 at 3:42 pm to
Growth stocks
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123887 posts
Posted on 6/8/22 at 4:10 pm to
Beaten down value names ... banks, retail (TGT after TGT reported), DHI (home builder), adding to SLB. All partial position buys, dollar-cost averaging. Looking for dividends.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41576 posts
Posted on 6/8/22 at 4:23 pm to
My wife takes care of sending all our cash to Amazon.
Posted by Skervix
Member since Aug 2018
194 posts
Posted on 6/8/22 at 5:01 pm to
Amen brother
Posted by NATidefan
Two hours North of Birmingham
Member since Dec 2008
36032 posts
Posted on 6/8/22 at 5:16 pm to
quote:

SpaceX stock because it's privately held and doesn't get whipsawed in this insane market. Up 24% on it since my investment last fall



How do you buy spacex if it's private? Sorry, very new to investing.
This post was edited on 6/8/22 at 5:17 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123887 posts
Posted on 6/8/22 at 5:31 pm to
quote:

How do you buy spacex if it's private? Sorry, very new to investing.
I'm not new to investing, and I've got the same question. There are a number of indirect investment options. But if someone has a backchannel to spaceX/starlink, I'd be interested.
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 6/8/22 at 7:59 pm to
Access2preipo.com was the site I bought my shares through. You have to be an accredited investor to purchase and they come with a 20% profit carry.
Posted by jfw3535
South of Bunkie
Member since Mar 2008
4650 posts
Posted on 6/8/22 at 8:16 pm to
My gas tank.
Posted by NATidefan
Two hours North of Birmingham
Member since Dec 2008
36032 posts
Posted on 6/8/22 at 8:40 pm to
quote:

I'm not new to investing, and I've got the same question. There are a number of indirect investment options. But if someone has a backchannel to spaceX/starlink, I'd be interested.


Yeah, that's the way I've understood it. Like you can invest in tesla or other musk enterprises... but not those directly.

Posted by Projectpat
Houston, TX
Member since Sep 2011
10521 posts
Posted on 6/8/22 at 9:16 pm to
Energy stocks + cash, 2x offset by short S&P, NASDAQ, AAPL and home builders
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2700 posts
Posted on 6/8/22 at 9:37 pm to
I'm holding cash for about another 2 months. I really think the next 2 interest rate hikes are going to do a number on people that think the price is already baked in.

I think we see a huge sell off OVERALL, there may be more ups and downs in the interim, but I'm expecting all major index's to be down another 10-15% by End of July.

At that point, I might still be buying early but relative to where things were in Nov, it will be a huge discount on a bunch of great stocks. Then, simply sit back and wait. I think it will take 2.5 years to truly turn around (next election).
Posted by Double Oh
Louisiana
Member since Sep 2008
17785 posts
Posted on 6/8/22 at 10:36 pm to
quote:

My gas tank.





true dat
Posted by DTRooster
Belle River, La
Member since Dec 2013
7956 posts
Posted on 6/9/22 at 5:46 am to
Mostly in my safe and some in my wallet
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72615 posts
Posted on 6/9/22 at 10:30 am to
HKRS

YAYO

you do the math why
Posted by Intelligent
Member since Jun 2017
672 posts
Posted on 6/9/22 at 11:30 am to
I'm keeping my cash in cash. Other than that, Alternative Assets are the way to go.
Posted by TIGERSby10
Central Lafourche
Member since Nov 2005
6930 posts
Posted on 6/9/22 at 12:13 pm to
I don't have any to put. I make a healthy 6 figure salary and come up in the red each month just paying my bills. I do have a health condition that absorbs a good bit for the year and taking care of a family of 5, but we don't do anything extravagant and still am paying out more than I'm taking in. All that being said, I do contribute to my retirement heavily but I don't have extra cash lying around to invest. I don't know how families with household incomes less than $100K are getting by these days.
Posted by MusclesofBrussels
Member since Dec 2015
4461 posts
Posted on 6/9/22 at 12:17 pm to
quote:

Access2preipo.com was the site I bought my shares through. You have to be an accredited investor to purchase and they come with a 20% profit carry.


Two questions on this if you don't mind:

What's liquidity look like? Are you able to sell to a different private investor using that site or one of the similar platforms, are or you locked in until a liquidity event for the company?

How often are they having valuations done and you're getting updated fair market value on your holdings?
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