What would you invest a million dollars in right now? (3 Viewers)

[horseshoez]

I looked into buying one once, I think you have to be personally involved in running the business

No tithing commitment, simply to be what they call Owner Operator. I have a famous member who owns and runs one in North Carolina. They used to have a policy of just limiting you to one, but some of their franchisee’s own a couple and they make excellent money. One alone will likely net you around $250-300k depending on your location. They key is actually getting in. Chik-fil-A accepts an average of 75 applicants for every 25,000 applications. They’re incredibly picky and usually like their franchisees to either come from a specific part of corporate America or from within.

 

[StewbieDoo]

50% BTC, 30% ETH, 20% LTC

To the moon!

 

[BirdCage]

Buying physical gold appears popular for many countries as of late.

https://theconversation.com/countri...before-coronavirus-took-hold-heres-why-138173

 

[FordPickup92]

Real answer, I'm consulting a financial advisor.

Other answer...I'd open a Texas Roadhouse and/or Chick-Fil-A. Those places are always packed around here...yes, even during pandemic.

Every day but Sunday the chic-fil-a line is wrapped clear around the building and through the parking lot... taco bell too lol

 

[IaHawk]

Every day but Sunday the chic-fil-a line is wrapped clear around the building and through the parking lot... taco bell too lol

They just redid the drive thru on ours to accommodate two lanes all the way through. It’s insane.

 

[FordPickup92]

They just redid the drive thru on ours to accommodate two lanes all the way through. It’s insane.

Yeah both locations by the house are dual lanes. It's crazy, and I noticed the local chipotle is out of control with online orders and door dash orders

 

[IaHawk]

Buying a franchise is a great way to buy a job. One of my colleagues’ parents own a couple near us and he says they work insane hours. Add a bar and it probably just means more hours of work. Restaurant industry is brutal.

 

[longflop]

XRP can get bent, I'm in NY and it's super difficult to get into most common altcoins (shit, bitcoin even) without KYC.
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Judging by the picture, I would go heavy into belts. There appears to be an undersupply.

 

[BEANO52]

^^ Yesterday

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^^ Today

 

[Numerobis]

I would buy puts on the Dow and S&P, maybe not for $1 mio, but this market is not making at all any sense
reminds me of the dot com bubble

 

[HaRDHouSeiNC]

50% BTC, 30% ETH, 20% LTC

To the moon!

I Think LTC isnt going to perform anymore. BCH is trash and might outperform LTC

Id be more willing to bet on BNB or short term sell after this bull run starts to cool off is Polkadot but its a gamble
id never hold it through the next bear market waiting for the 2024 halving bull run.
id buy ADA before LTC too

I think I changed my vote, a little..... buy a small arms / ammo factory too.
Ammo is going to continue to be in short supply.

 

[Eriks]

I wish I had these kind of problems

 

[philhut]

I'd buy 1 million in 9mm, 7.62x39, 223/5.56 and 308..... on pallets....wait 6-8 months and collect 20-200%+

 

[Windwalker]

I'd buy 1 million in 9mm, 7.62x39, 223/5.56 and 308..... on pallets....wait 6-8 months and collect 20-200%+

I don’t know much about firearms at all. They really appreciate that much?

 

[MrWitti]

Dont know the market in US but laws in general get more and more strict and potentially force buyers out of the market.
Lots of gunmakers struggle or get taken over
Just recent example
https://www.all4shooters.com/en/shooting/culture/cz-acquires-colt/
Also we Swiss lost various tradition gunmakers to foreign companies...

 

[gopherblue]

I don’t know much about firearms at all. They really appreciate that much?

No. There is a short term dislocation in ammo pricing because wingnuts have been panic buying, although based on what I’ve read they think it is a conspiracy of the ammo manufacturers and the government. It’s simply demand outstripping short term supply. Manufacturers have ramped up production, so this is a bubble.
Buying a million in ammo right now is a good way to lose a good chunk of a cool mil. And that’s not even accounting for the illiquidity of the investment and the storage issues.

 

[John Conor]

Not sure if everyone has seen what’s going on with GME. Yes, that’s GameStop, as in the dying mall retailer. Basically WallStreetBets subreddit has decided to buy and hold shares, creating a short squeeze and driving the stock up. They’re looking for $1000. It’s trading at $215 after-hours now.

GME was $4 last year and has traded under $20 until January. It was $18-ish on the date of OP. Not that anyone would have bought GameStop

 

[JustDave]

Not sure if everyone has seen what’s going on with GME. Yes, that’s GameStop, as in the dying mall retailer. Basically WallStreetBets subreddit has decided to buy and hold shares, creating a short squeeze and driving the stock up. They’re looking for $1000. It’s trading at $215 after-hours now.
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GME was $4 last year and has traded under $20 until January. It was $18-ish on the date of OP. Not that anyone would have bought GameStop

There are a lot of people influencing this stock value presently. Anyone getting in due to fomo should be wary of betting money they don't have.

 

[Silver_Fiend]

Real answer, I'm consulting a financial advisor.

Other answer...I'd open a Texas Roadhouse and/or Chick-Fil-A. Those places are always packed around here...yes, even during pandemic.

IF you could, you wouldnt worry about money any more. Partly because owners make $$$$ and partly because you'll be too busy to spend any of the income, LOL. There is a massive waiting list for franchises and a stringent interview and vetting process. I'm friends with the local owner, I see what they do. Everything about their layout and process and thoroughly researched and tested, and implementation of changes is mandatory.

Buying a franchise is a great way to buy a job. One of my colleagues’ parents own a couple near us and he says they work insane hours. Add a bar and it probably just means more hours of work. Restaurant industry is brutal.

Yes it is. I used to be the GM for a Little Caesars pizza. The margins are tight and the hours are horrible. I would love to open my own bar and restaurant, but only if I didnt have to be the one working there 7 days a week!

To answer the OP, Best short term investment (5 - 10 years) is in the EV, battery, and charging station sectors. Petrol cars days are numbered, I'm sure they will become distant memories in my lifetime.

 

[krafticus]

Not sure if everyone has seen what’s going on with GME. Yes, that’s GameStop, as in the dying mall retailer. Basically WallStreetBets subreddit has decided to buy and hold shares, creating a short squeeze and driving the stock up. They’re looking for $1000. It’s trading at $215 after-hours now.
View attachment 622832
GME was $4 last year and has traded under $20 until January. It was $18-ish on the date of OP. Not that anyone would have bought GameStop

My coworker bought in @ $30/share. I think he is in for a few hundred shares

 

[ReallyGoodUsername]

Not sure if everyone has seen what’s going on with GME. Yes, that’s GameStop, as in the dying mall retailer. Basically WallStreetBets subreddit has decided to buy and hold shares, creating a short squeeze and driving the stock up. They’re looking for $1000. It’s trading at $215 after-hours now.
View attachment 622832
GME was $4 last year and has traded under $20 until January. It was $18-ish on the date of OP. Not that anyone would have bought GameStop

I think it’s hilarious that they were able to do this and funnier that Melvin Capital (a hedge fund) got forked cause it under hedged its position

Also love seeing Wallstreet and the financial news shows to fear monger people from buying to protect the shorts. I’d get it if they explained why but they’re not at all just “be afraid be very afraid”.

 

[JustDave]

I think it’s hilarious that they were able to do this and funnier that Melvin Capital (a hedge fund) got forked cause it under hedged its position

View attachment 623276

Also love seeing Wallstreet and the financial news shows to fear monger people from buying to protect the shorts. I’d get it if they explained why but they’re not at all just “be afraid be very afraid”.

That's old news. They blew through the 2.75B in seemingly a single day.

There seems to be wide spread revolt across shorted positions in a number of different stocks and a number of platforms are restricting the kinds of trades that are available.

Short squeezes have happened before but brought on by institutions gobbling up existing float and then forcing another institution to buy from them on their terms. In this case it's the mob doing it and they have caught some folks with their pants down. They may not be totally screwed, but they are gonna get hurt zipping up really fast.

So @Windwalker to turn your question back around on you, if you were investing a million dollars, what would you do with it?

 

[ReallyGoodUsername]

That's old news. They blew through the 2.75B in seemingly a single day.

There seems to be wide spread revolt across shorted positions in a number of different stocks and a number of platforms are restricting the kinds of trades that are available.

Short squeezes have happened before but brought on by institutions gobbling up existing float and then forcing another institution to buy from them on their terms. In this case it's the mob doing it and they have caught some folks with their pants down. They may not be totally screwed, but they are gonna get hurt zipping up really fast.

So @Windwalker to turn your question back around on you, if you were investing a million dollars, what would you do with it?

Just posting as if still gives me a chuckle. Similar to 2008 over shorts. People get greedy, people get caught with their pants down. A tale as old as time, and still hilarious.

 

[ekricket]

Anybody looking at cosmetics companies?

 

[Silver_Fiend]

Anybody looking at cosmetics companies?

I'm too ugly, they cant help me.

 

[RainmanTrail]

I think it’s hilarious that they were able to do this and funnier that Melvin Capital (a hedge fund) got forked cause it under hedged its position

View attachment 623276

Also love seeing Wallstreet and the financial news shows to fear monger people from buying to protect the shorts. I’d get it if they explained why but they’re not at all just “be afraid be very afraid”.

The sad part is that Citadel, who bailed them out, just made a ton of money off the mob because they pay Robinhood to see all their transactions a few milliseconds before they go through. So they just sit there and shave off profits from what they already know is moving. Then they took that money they made off of Game Stop and bought up the hedge fund that collapsed as a result lol

 

[Highli99]

The sad part is that Citadel, who bailed them out, just made a ton of money off the mob because they pay Robinhood to see all their transactions a few milliseconds before they go through. So they just sit there and shave off profits from what they already know is moving. Then they took that money they made off of Game Stop and bought up the hedge fund that collapsed as a result lol

And people say online poker is rigged!

 

[Bill_Man618]

You think GME is nuts look at BLIAQ. Yep, Blockbuster the DEAD movie rental chain. Up over 100% in a day and it's up over 1,000% over 2 days.

 

[ReallyGoodUsername]

You think GME is nuts look at BLIAQ. Yep, Blockbuster the DEAD movie rental chain. Up over 100% in a day and it's up over 1,000% over 2 days.

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Yep BBL is insane. I feel so stupid now for not riding the way starting yesterday when I first heard and trusting my gut instinct that people on average are very very dumb

 

[5aces]

Apartment houses in major cities.