What Did You Buy Today?

[kblake]

(01-23-2021, 05:50 PM)fenders53 Wrote:

(01-23-2021, 01:00 PM)rayray Wrote:

(01-21-2021, 01:05 PM)kblake Wrote:

(01-21-2021, 12:56 PM)fenders53 Wrote:

(01-21-2021, 12:41 PM)divmenow Wrote: Most are notprofitablle yet. Investors today are buying EV stocks in expectation of future profitability as the world's auto fleet transitions away from fossil fuels. Excitement in the sector isn't necessarily unfounded. Electric vehicles really are a growth market.
"When it comes to renewable energy, this is not something that happens years in the future. It's happening today," Already, about one in 40 new cars is electric. But that number grows every year, and 20% or more of all new car sales will likely be electric by 2030.

So the growth is real and I believe we are getting in at the ground level here. Not to mention Biden is in favor of this sector. So the president is in their corner. 

They are a ton of names to buy in this industry, but like all industries you have to be selective. 

I agree with your EV growth thesis but I think the ground level was 75% ago.  It takes some creative financial mental gymnastics to think todays prices are cheap for most of the EV names.  (Eric already explained why).

I agree with your points. And even know they have run, they have a long way to go.  Look how much tech has run up. Many of those companies are trading at 50-100 x next earnings and many don't even have earnings. Same with BIO's. Most bios are making - minus 2$ in earnings or worse and yet they still reach high levels. This is not like the old days. The market looks ahead and rewards those companies that have a bright future and are good for the economy. 

EV companies will soon be in the black and these levels there trading at now will look like bargains. I strongly believe that. 

Don't be jealous because you think you missed the boat 

FWIW, I don't chase anything, however statements like this always get me nervous "This is not like the old days" another that puts up a big red flag for me (not said here but heard often) is "But it's different this time"  It's never different, good companies and profits always pay out, eventually you will be rewarded--it might take years but it will happen.

I've bored myself right into a 7 figure portfolio, I did nothing extreme and nothing special but stayed the course.

This is what makes the forum fun.  DGI stocks are real snoozers sometimes lol.  We are here everyday and there is some banter.  I consider it friendly anyway.  Based on what I read here nobody is losing any money lately.

All that said, Kblake sure drank the EV Kool-Aid didn't he?  They are worth infinity as long as they grow some sales next year. 

Well it must be magic kool-aid then since I'm up 35-80% on most of those names   

And I like the negativity when people question your investments decisions. There are always going to be critics, but those critics is what makes a bull market lol. Just because you don't like certain names or investments doesn't mean there bad ones. All those same critics on here said don't buy like 100 names and they have all doubles since then. So I like the negativity    Keep them coming   


Some people on here like the stick to there safe plays because that's what they have been doing for the last 30 years. And that works. I'm cool with that. I have a lot of those same names. But sometimes you need to go outside of the box and look for names that have potential. Nothing wrong with that