What would you invest a million dollars in right now? (1 Viewer)

[H|Q]

Hookers and drugs for half. The rest I’d waste.

 

[dajebriza]

The coming Electric Vehicle revolution. The latest Hertz purchase of 100,000 Teslas will be the first of many, and shows the recognition and validation of the EV future. All of Hertz' competitors are probably negotiating similar deals right now (Avis has confirmed this). The markets and world are waking up to the reality that EV's are the near future upheaval of the automotive and oil industry, and with them comes massive investments in power infrastructure (solar, charging networks, battery technology and mineral rights etc.). Everyone's next car or the car after will be an EV (hundreds of millions of sales in the next decade in the U.S. and Europe alone and Tesla Model 3 is now the #1 selling of all cars in Europe). Tesla can't make them fast enough and their order wait-list is nearing a year for their Model 3 and Model Y vehicles (they have 2 new factories opening next year, which will more than double their production capacity and surely more factories yet to be built in the next 2-3 years).

I'd put the majority of the $1 Mil in the clear EV leader, Tesla, and then the remaining 25% or so into other EV prospects (Not Rivian) like NIO, that will have an advantage in the Chinese EV market.

 

[TX_Golf_N_Poker]

Hookers and drugs for half. The rest I’d waste.

Has the question changed from the one in the OP?

 

[Nuhockey]

Cannabis

100% if you invested in some of the major companies that are players in the cannibis market now once the Federal Government legalizes it your investment will Skyrocket like nothing anyone has ever seen. I believe the companies that also produce the technology in the growing of cannibas will grow your investments exponentially also.

 

[Poker Zombie]

once the Federal Government legalizes it

This is called "speculation".

It's a worthy part of any investment portfolio, but only an imbecile would dump their life savings into cannabis. There is zero indication that it will be legalized in the US in our lifetime. Could it be? Sure. But to get on a message board recommending that someone invest a million dollars?

You'd make a better case recommending investing in a dice-chip company. Nobody here is stupid enough to do that.

 

[Highli99]

This is called "speculation".

It's a worthy part of any investment portfolio, but only an imbecile would dump their life savings into cannabis. There is zero indication that it will be legalized in the US in our lifetime. Could it be? Sure. But to get on a message board recommending that someone invest a million dollars?

You'd make a better case recommending investing in a dice-chip company. Nobody here is stupid enough to do that.

I’ve never had a puff of weed in my life due to fear of overdose and addition. So I am no weed apologist. However, legalization seems inevitable at this point. I do agree it’s a bad investment though mainly because you can grow it yourself and competition exists from 100000 places. Any financial success would rely are artificial government monopoly which will be impossible to enforce.

 

[ekricket]

I’ve never had a puff of weed in my life due to fear of overdose and addition. So I am no weed apologist. However, legalization seems inevitable at this point. I do agree it’s a bad investment though mainly because you can grow it yourself and competition exists from 100000 places. Any financial success would rely are artificial government monopoly which will be impossible to enforce.

You can trade for stuff without money, just saying money isn’t everything, it’s just an agreement among ourselves to store value. It facilitates transactions for sure. But there are 100000000 ways to do business without money if your talking about “competition” among the best ways to store value.
But you have to ask yourself, is a stoner going to spend $20 on weed now or buy some seeds and wait 6 months for what’s left of the plant to produce? I think most have the logic that “I’ll budget some money for weed every week because it’s easier than growing it”.
Not exactly known for their patience or their planning abilities, but hey, stoners, what you gonna do?

People can brew their own beer for sure, and do everywhere, but the big - and small - brew companies seem to do just fine. So do the distilleries. I have a still and I still buy liquors.

 

[Colquhoun]

You can trade for stuff without money, just saying money isn’t everything, it’s just an agreement among ourselves to store value. It facilitates transactions for sure. But there are 100000000 ways to do business without money if your talking about “competition” among the best ways to store value.
But you have to ask yourself, is a stoner going to spend $20 on weed now or buy some seeds and wait 6 months for what’s left of the plant to produce? I think most have the logic that “I’ll budget some money for weed every week because it’s easier than growing it”.
Not exactly known for their patience or their planning abilities, but hey, stoners, what you gonna do?

People can brew their own beer for sure, and do everywhere, but the big - and small - brew companies seem to do just fine. So do the distilleries. I have a still and I still buy liquors.

The money to be made from cannabis is not the current stoners. The real money is everyone else who may or may not use it now, and all those that will start once it becomes legal.

 

[Poker Zombie]

legalization seems inevitable at this point

How do you figure? I would think online poker would be inevitable, but it's been 10 years. The Justice department has already said it was acceptable. A dozen websites are dying to get in, and still, the majority of the country is left staring at a blank monitor.

When discussing investments, you must have some sort of conceivable timeline for your returns. Otherwise you may as well just put it in an index fund with a DRIP.

 

[ekricket]

The money to be made from cannabis is not the current stoners. The real money is everyone else who may or may not use it now, and all those that will start once it becomes legal.

Ok

 

[Big Jilm]

out of curiosity, why do you ask?

 

[TX_Golf_N_Poker]

The money to be made from cannabis is not the current stoners. The real money is everyone else who may or may not use it now, and all those that will start once it becomes legal.

100% if you invested in some of the major companies that are players in the cannibis market now once the Federal Government legalizes it your investment will Skyrocket like nothing anyone has ever seen. I believe the companies that also produce the technology in the growing of cannibas will grow your investments exponentially also.

I would like to hear specifically what cannabis companies you think you can make a killing from right now. I've been following this space for about 4 years. Got into a few of the Canadian companies just before it was legalized up there. Most are down 75% or more since then. Small, speculative investments, not life changing amounts. On the other hand, I've made good money on two companies that do not sell cannabis, but that support the industry. One most of you have heard of - Scotts Miracle-Gro. ( SMG) Yep, the grass ( ) fertilizer company that sells Turfbulder. The other is a REIT that purchases land and facilities where the cannabis companies locate their operations, then rent them back to them. This company is up from $70 to over $270 in just two years. Unfortunately, I had to sell my position last year when the CPA firm I work for became the entity's auditors.

Edit: Sorry, left out the ticker for the REIT. It's IIPR - Innovative Industrial Properties, Inc.

 

[TX_Golf_N_Poker]

I’ve never had a puff of weed in my life due to fear of overdose and addition. So I am no weed apologist. However, legalization seems inevitable at this point. I do agree it’s a bad investment though mainly because you can grow it yourself and competition exists from 100000 places. Any financial success would rely are artificial government monopoly which will be impossible to enforce.

This isn't the reason it's a bad investment. It's a bad investment because it will eventually just become a commodity, and there is not a lot of money investing in companies that produce commodities.

 

[Highli99]

How do you figure? I would think online poker would be inevitable, but it's been 10 years. The Justice department has already said it was acceptable. A dozen websites are dying to get in, and still, the majority of the country is left staring at a blank monitor.

When discussing investments, you must have some sort of conceivable timeline for your returns. Otherwise you may as well just put it in an index fund with a DRIP.

Well, that time period half a dozen states have legalized it, Sheldon died, and sports betting had been more or less legalized everywhere. I’d say 5 years over/under.

 

[Poker Zombie]

I clicked like, because anytime I read that Sheldon Adelson died, it makes me happy.

 

[RainmanTrail]

I clicked like, because anytime I read that Sheldon Adelson died, it makes me happy.

Adelson died? Holy shit! Fuck yeah!!! I'm gonna eat like a king tonight in celebration!

 

[Av8tion]

Shiba Inu Token

 

[StewbieDoo]

50% BTC, 30% ETH, 20% LTC

To the moon!

ETH has 4x'd and BTC up 50%. The only one looking back that I would have added was Solana. Pretty sure the price point was around $3 before it blew up this summer. Everyone is still early!

 

[Poker Zombie]

ETH has 4x'd and BTC up 50%. The only one looking back that I would have added was Solana. Pretty sure the price point was around $3 before it blew up this summer. Everyone is still early!

"Looking back" are the two most ignorant words I have ever read in a thread discussing "investing".

Looking back, I would have bet $1,000,000 on 7-2 off suit, that time the flop came over .

Just think how bad that investment advice sounds to a man thinking about a million dollars.

 

[legend672]

Buy a couple of thoroughbred race hosses.

 

[TX_Golf_N_Poker]

"Looking back" are the two most ignorant words I have ever read in a thread discussing "investing".

Looking back, I would have bet $1,000,000 on 7-2 off suit, that time the flop came over .

Just think how bad that investment advice sounds to a man thinking about a million dollars.

No kidding. Looking back, I would have bought 5000 shares of Microsoft at $33 instead of only 160.

 

[HaRDHouSeiNC]

ETH has 4x'd and BTC up 50%. The only one looking back that I would have added was Solana. Pretty sure the price point was around $3 before it blew up this summer. Everyone is still early!

Binance coin long term I think I’d hodl
Or ADA for 4+ Years

CRO I MIGHT dabble some in but watch close they are kinda round and round

 

[Okku]

Binance coin long term I think I’d hodl
Or ADA for 4+ Years

CRO I MIGHT dabble some in but watch close they are kinda round and round

ADA for sure

 

[Highli99]

Buy a couple of thoroughbred race hosses.

One my coworkers is involved in this. Let’s just say on paper it looks great in practice your horse develops weird lung issues and spends a few months getting crazy treatments and then you give up on it. The whole claims race thing is interesting though. A very weird world and I think most of the people making the money are the trainers and horse caretakers. Kinda like the biggest winners in 1/3 poker are the dealers and the house.

 

[MatB]

THIS ^

But I would immediately divide it up into useable parcels and let local entrepreneur farmers use it for free and so I don't pay taxes on the land, and they supply me with year round free food.

Plan B, invest in vertical farming.

Quote from January this year ^



::cough:: ::cough::

 

[johnjohn]

tiktok be exloding with my fur lined xxxl yoga pants! called it.

 

[Poker Zombie]

tiktok be exloding with my fur lined xxxl yoga pants! called it.

I want to demand pics, because I'm not a tictok'er... but the imagination tells me "NOOOOOOOO"!