OT - Money / Investing Thread (aka financial no stupid questions)

[847badgerfan]

I thought about it. Decided to pass.

[betarhoalphadelta]

I wouldn't touch a Musk company with a 10 foot pole. And that includes shorting it. 

I've just accepted that anything associated with him will trade with no relationship whatsoever to fundamentals. 

As I posted elsewhere about this...

The key to any Musk enterprise is that you never actually really know what the company's aims or fundamentals are.

As long as he can keep changing and obfuscating what the company is trying to be, then you can never pin down an actual valuation based on fundamentals because he can always pivot to future promises on something else.

That's why SpaceX and xAI and Twitter/X have to be combined. Because if you don't like the valuation for the space company, he'll make exaggerated promises about future AI capabilities or social media. And if you don't like the valuation for the AI company, he'll make exaggerated promises about future space capabilities or social media. And if you don't like his social media, you'll make exaggerated promises about future AI or space capabilities. Either way, you just have to BELIEVE that they've got something really amazing just over the horizon.

If valuation can never be based on fundamentals because nobody knows what they are, then the share price can be forever elevated via copious ingestion of Musk's real drug: hopium (case in point: TSLA).

The endgame is the combination of SpaceX / xAI / Twitter-X / TSLA all under one roof. Then, nobody will have a clue how to value the company and therefore it'll have a market cap of $100T

[FearlessF]

I'll leave it to the experts.
Hopefully, they make the right call for me 

[utee94]

My prediction-- some people are going to make a lot of money on this stock.

Also, some people are going to lose a lot of money on this stock.

[847badgerfan]

My prediction-- some people are going to make a lot of money on this stock.

Also, some people are going to lose a lot of money on this stock.

Lather, rinse, repeat.

I decided to stay away from Musk stuff.

Oh, and he'll make money even if nobody else does.

[Cincydawg]

I was within a few inches today of over $5 million cash.

We visited the Fed museum, again, my kid is down from Columbus.  It’s fairly interesting.  

[847badgerfan]

I was within a few inches today of over $5 million cash.

We visited the Fed museum, again, my kid is down from Columbus.  It’s fairly interesting. 

We're getting very close as well. Been a great run for a while now.

[Cincydawg]

The cash in my case was in a large box in the Fed's museum, $5 bills, a lot of them.  It's an interesting, and smallish, museum.

[MikeDeTiger]

We visited one of those when I was a kid....I don't remember which one.  I recall they had a $10k bill on display, which blew my mind.  The Googlez tells me that's the largest bill ever printed for public circulation, but all bills over $100 were discontinued in 1969.  Which makes me wonder, if you still had one of those, could you actually do anything with it today?  Presumably you could deposit it in a bank, but my time working for a bank years ago makes me think they would probably immediately send it to the Feds along with the damaged/destroyed bills they turn in.  

Also says the largest bill ever printed (not for public use) was a $100k bill, only used for transactions between Federal Reserve banks.  

Google's AI is terrible, so I'd be inclined to read more about it before I unconditionally accept any of that.  

[847badgerfan]

The cash in my case was in a large box in the Fed's museum, $5 bills, a lot of them.  It's an interesting, and smallish, museum.

The cash in my case is under my bed now.

[847badgerfan]

We visited one of those when I was a kid....I don't remember which one.  I recall they had a $10k bill on display, which blew my mind.  The Googlez tells me that's the largest bill ever printed for public circulation, but all bills over $100 were discontinued in 1969.  Which makes me wonder, if you still had one of those, could you actually do anything with it today?  Presumably you could deposit it in a bank, but my time working for a bank years ago makes me think they would probably immediately send it to the Feds along with the damaged/destroyed bills they turn in. 

Also says the largest bill ever printed (not for public use) was a $100k bill, only used for transactions between Federal Reserve banks. 

Google's AI is terrible, so I'd be inclined to read more about it before I unconditionally accept any of that. 

I saw a $500 bill one time. I was young.

[utee94]

The cash in my case is under my bed now.

If you've got $5M in cash under your bed right now, I wanna party with you!

[bayareabadger]

The cash in my case is under my bed now.

We always knew he did some of that “Chicago“ business.

[FearlessF]

The cash in my case is under my bed now.

next to the .44 mag