Quote:
Originally Posted by Geradeaus
A lot of people just assume that a lease vs cash purchase is a bad financial decision. That just is not true in all cases and especially in my case.
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If a dealership pushes a certain transaction then I figure it's good for them and not me. For financial reasons a dealer prefers 1. leasing, 2. financing thru their institution and 3. cash.
Regarding making money, since going all in during the March 2021 crash and just shy of 1 year later, now, I have returned a 4X profit playing stocks, mainly going long. No lie, 6 digit figures. My portfolio is very diversified including OTC and big tech plays, swing trades, buying stuff like AMC at $2.20 and 2 weeks later flipping it for a huge gain at $15.32.
https://www.barchart.com/stocks/quot...eractive-chart Am playing lithium mining stocks, EV, oil, biotechs like Moderna, Biontech and Vaxart, doing several pump and dumps for 100% profits or more each time. Financials like SQ, etc. I get up in the morning and start my research at 5:30 streaming FOX business.
So....cash is KING with my Z4 paid for via my research, tolerance for risk, and personality knowing good and well to hang tough when something takes a dive only to return for a 100% gain 3 months later.
Check out HYSR. Crazy penny stock based on tech that splits any water source into H2 and O2 using only the sun. Is it a scam? Don't know but when the millenials sitting behind their Reddit and Robinhood accounts/forums run it up 400%, scam or not doesn't matter. Young tradiers could care less about fundamentals and more about momentum plays and posting rocket memes on forums like stocktwits.com.
Mutual funds are OK but you won't get rich. The only one I'm holding which I've played for 20 + years is NBGEX, for stability. There are some pretty damn good ones like IYMIX, POAGX, etc.
Good luck!