Mdawgs Investments

Quote: MDawg

Elaine Wynn. R.I.P.

I actually knew her, because I hold a large amount of Wynn stock and when she and her husband were fighting for control of the company I called in to proxy all my shares to her side, and her attorney transferred me to talk to her directly. Then I met her a few times at social events, including at the Resorts World VIP opening, and she remembered me.

Weinberg eventually did get the boot, and Elaine did take over.
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You must have made quite an impression, to have a restaurant there named after you.

Sure, but get it right.

Tech rallying back to regain most of what it lost this year.

and BTC ATH, 111.

Who doesn't want to buy something at its all-time high?

Actually, statistically, better to buy on way up than down, if you are going to hold a while.

Dip buying like I do for trades is great, but trying to catch a falling knife for investment purposes isn't always the best idea.

Breakouts do happen!

Who would have thunk it?

The two worst companies merging should bring on a new era of customer dissatisfaction.
I had to get FINRA and another Federal agency involved to collect some $25,000 Capital One owed my Mom's estate, and Discover Card and I parted company years ago. Discover uses a different payment method from other charge cards, and I found it didn't suit my needs at all.

Quote: billryan

The two worst companies merging should bring on a new era of customer dissatisfaction.
I had to get FINRA and another Federal agency involved to collect some $25,000 Capital One owed my Mom's estate, and Discover Card and I parted company years ago. Discover uses a different payment method from other charge cards, and I found it didn't suit my needs at all.
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I am pretty sure I have a Discover card and have for probably close to 20 years. I don't believe that I have ever used it.

At one point many years ago I probably had close to 45 active credit cards. I would only carry three or so but every time I opened my safe there would be a brick of credit cards rubber banded together that was probably close to three inches thick.

I have many sock drawered credit cards too but I use each one at least every six months. I’d be surprised if a card you haven’t used in years is still open.

I used to take them to the gas station and run each one for a tiny bit of gas but that was too time consuming. Now I just run a dollar or so on each one on one of my merchant accounts bi annually.

As far as this takeover I wonder what happens to Capital One accounts belonging to someone who was terminated at Discover, or vice versa. I assume in this situation Capital One takes the driver’s seat and would terminate Discover accounts for anyone previously terminated by Capital One (for cause, not merely lack of use), but won’t molest Capital One accounts for those previously terminated by Discover.

Quote: MDawg

I have many sock drawered credit cards too but I use each one at least every six months. I’d be surprised if a card you haven’t used in years is still open.

I think they are as they send me new ones when the expiration date approaches.

Quote: MDawg

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I had the scoop on this two days ago.

Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

But...I actually was having a very good day for other reasons, too. 🤩

My former boss and the CEO of Shift4 Payments was nominated by Donald Trump to be the head of NASA. He has been to space multiple times. This week his nomination was pulled by Trump because he is close friends with Elon Musk who Trump is now fighting with. He is an incredible visionary and CEO so my perception is that it is bad for NASA. On the other hand as a stockholder in Shift4 (FOUR) I am thrilled because the stock has went down since the announcement that he was leaving.

BTC 121K, but also XRP is pushing 3. Last week my friend advised me to get hold of as much XRP as possible, and I did buy some at 2.28, he claims it will go to 10 within a few months.

I don't necessarily see that, but I do see XRP rising nicely so far! Cha'ching!

CRCL good for trades lately, bounces up from below 160.

The new "drop below" point to watch on CRCL is now 150.

Cha'chings galore available! if you are nimble enough.

Quote: MDawg

BTC 121K, but also XRP is pushing 3. Last week my friend advised me to get hold of as much XRP as possible, and I did buy some at 2.28, he claims it will go to 10 within a few months.

I don't necessarily see that, but I do see XRP rising nicely so far! Cha'ching!
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Bought XRP

$0.55

Payment method

BTC Wallet

Date

12:43 PM – Nov 27, 2020

Status

Completed

If you're still hodling, then you're up about 2.70 per XRP as of today. Good job.

Not so many hodl long term on crypto, easy to be influenced to sell along the way. I'm relatively new to XRP but I have been hodling BTC for a decade and a half or so, other than 10 I sold at above > $100K, to achieve actually realized bitcoin millionaire status.

As far as BTC is concerned, obviously I done good and made the right decision. As far as the free BCH I received as a result of the hard fork towards end of 2017, so far that hasn't returned to where it was then (over $3000.!), but I continue to hodl.

To give an idea of how rarely I even bother to check my BTC, I wasn't even aware of the free BCH I received until I read something about it and logged in and noticed an increase in value to my chief online wallet that I then realized was due to BCH. When I told one friend of mine about it, the friend was sarcastically congratulatory, "You mean now, besides the millions you made by holding that, you also got something else free?"

Of all the BTC transactions I received, all payments from clients for services rendered, one I recall for a few BTC more vividly than others, because the client offered to pay in that for some minor service I did at the time to the tune of a few grand (BTC was about $1000. per at that time), and I said, sure Bring 'Em. He expected me to decline because BTC was so volatile at that time (actually went down quite a bit after I got them). I just collected the few bitcoin and forgot about it. I still do work for that client but doesn't pay in BTC any longer! If the client thinks about it any longer, I imagine feels something like the person who paid for two pizzas in 2010 with 10,000 BTC.

I'm pretty heavily in tech stocks, at this point I think enough diversification can occur within the sector that I don't need a beta-killer of, say, Johnson & Johnson any more.

Mostly AI-adjacent companies (NVidia, Apple, Microsoft), micro energy (powers AI centers), and some others. And about 3% bitcoin EFTs. I got Crowdstrike and Tesla at relatively low prices when they were under some stress.

It's more volatile but I can't touch it for some time anyway.

Quote: SummerlinDave

I'm pretty heavily in tech stocks, at this point I think enough diversification can occur within the sector that I don't need a beta-killer of, say, Johnson & Johnson any more.

Mostly AI-adjacent companies (NVidia, Apple, Microsoft), micro energy (powers AI centers), and some others. And about 3% bitcoin EFTs. I got Crowdstrike and Tesla at relatively low prices when they were under some stress.

It's more volatile but I can't touch it for some time anyway.
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I am too old school, I have very little tech stocks. Most of my holdings are bigger established companies. I guess I am still in the Buffet school.

Quote: DRich

I am too old school, I have very little tech stocks. Most of my holdings are bigger established companies. I guess I am still in the Buffet school.
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Gotta do what's right for you! I'm by no means ahead of the curve. I first dallied in tech stocks in the late 90s but between the 1999 Toys R Us debacle, 2000 tech burst, and 9/11, I considered myself lucky when I broke even selling them (2002??).

Big mistake. I didn't really get back into tech at all until the iPhone came into prominence (late 00s or so) and not full-bore for several more years. I have never done the math but I think I would be on the order of thousands of times richer if I had held onto what I sold and gotten back into it more robustly in the late 00s (bitcoin especially).

Oh well, right? Live and learn. But if I could see the future, my retirement plan would consist of buying a single $2 lottery ticket every now and then.

NVDA drops almost -6 in the AH yesterday, down less than -0.80 right now in the pre!

I have a feeling the drop will still happen later today though, but it actually just opened green!

Just goes to show that it is hard to keep a good man, or in this case stock, down when momentum is on its side.

Quote: MDawg

I have a feeling the drop will still happen later today though
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As advertised! Already hit the same -6 today.

Bot CRCL stock cheap on a recent dip @ 109.

Wasn't going anywhere so I held.

But today...Cha'ching!