Jason

6y

Question; let's theorize that a second recession is on the way. Looking at BOA, I don't know if they'd be able to survive yet another one without a total government bailout. Now, with this in mind, what would it mean for the shareholders? Would we get dividends (or an otherwise nice payday)?

Should I be trying to get as many shares in this week as possible? I'm assuming you only get the bonus in this situation if you've been holding for a certain period of time.

Thanks and sorry if this question is silly

JayS

6y

Why waste your time on a dream when you can buy tech stocks and make more money??

Jason

6y

Does Berkshire Hathaway own enough of Bank of America to help seriously short it, if this hypothetical second recession of mine really happens?

I hope I'm using "short" correctly, and I hope the question overall makes sense. I'm trying to understand the significance of BH owning so many shares and how it relates to my earlier questions

neon

6y

what persianrugs said is right

to earn that large of returns you have to get into crypto projects when they are still pretty small or when they dip but also like he said you have to look for good projects working products with fundamental that actually have potential to explode

you need to have a decent understand of the crypto market though

something that has to be fully understand about crypto is that every 2-4 years things will start to really explode and it all goes 10x in a few months

it sounds like you bought in at the top of the last cycles bubble, a new one is forming though.. there maybe some major corrections before it happens though or it could be days away you never really know that's honestly why buying dips and small cap projects is important

you really want to have like some part ETH, another smaller part BTC and then the rest of your portfolio should just be a mix of different tokens that you think have potential to explode

right now defi tokens are really exploding, you should look into defi yield farming tokens

some tokens I picked up this week are yfvalue, curve & balancer

I buy tokens via uniswap or balancer with ether tokens

I've also lost 1000s of dollars before in projects so just keep that in mind also when your investing in any of these things

some years I've lost tons in crypto but if the project actually is a solid idea it seems to come around a lot of the time

ragedsycokiller

6y

Would options trading be a good thing to start on or no?

0

6y

no

ragedsycokiller

6y

Lmao how come? I'm 50/50 cause my homie is trying to convince me to do that instead of crytpo

ragedsycokiller

6y

Would options trading be a good thing to start on or no?

ragedsycokiller

6y

Lmao how come? I'm 50/50 cause my homie is trying to convince me to do that instead of crytpo

FRANK DUX

6y

your homie is a gambler

orangetcovid

6y

What y'all think of stash and acorns. doing pretty good on both platforms

ragedsycokiller

6y

Yeah that sounds about right from how he described it and trying to sell it

GIO GIO

6y

Dumb question but do you try to avoid taxes on profits? How do you get some of that profit back into cash in a bank account- or do you never do that. Is being tracked by the gov unavoidable when selling crypto for usd? I’m a bit curious on the buying and selling process, especially of more obscure coins

JayS

6y

Waste of time. At least acorns. Literally for people who can not save money.

neon

6y

like 60% of my wallet is a long term hold of ether so I don't have to pay taxes on that till I sell and once I do I only have to pay the long term rate which is very low

I pay taxes when I make money on a random token and sell it for another token

I also save a lot in taxes by recording all the tokens I loss money on lol

you can find plenty of people that use stablecoins to hide money but honestly that seems pointless, what's good is money if you can't ever spend it

also f*** going to tax court