Comments (44)

 
Jan 13, 2021 - 9:03pm

Depends if you can live without it and financially secure. Personally, I would go all in on crypto - pick a penny stock and hope for the best. Could end up zero, or 10-100x initial investment... put a price alert at 10x and just forget about it. When it's ready to make you rich, itll reach out

 
  • Analyst 1 in IB - Gen
Jan 13, 2021 - 9:08pm

I agree with the crypto investment, I actually did this same thing back in the spring with my entire net worth and am up close to 100k. But putting it in a penny stock or random token is retarded. Go 90% bitcoin, 10% ethereum and let it ride. 

 
Funniest
Jan 13, 2021 - 9:38pm

I agree with the crypto investment, I actually did this same thing back in the spring with my entire net worth and am up close to 100k. But putting it in a penny stock or random token is retarded. Go 90% bitcoin, 10% ethereum and let it ride. 

imagine thinking that putting your entire net worth into the 'safe' crypto is a less retarded 'investment' than putting your entire net worth into the 'random' crypto

 
Jan 14, 2021 - 3:23am

Stellar Lumens XLM is a penny stock ... was 5 cents a few months back, and just won a major contract with government of Ukraine, and sits around 30 cents. Lots of potential, similarly other penny cryptos ... TRX ADA etc. Your logic makes no sense. Highest return comes from the underdog early stage projects, and like I said if you can live without and want a disproportionately high reward to risk ratio (and can live with it going to zero but uncapped upside) ... that's my bet. I've bought $20k penny stocks and looking to buy another $30-50k hopefully in the next few weeks before the major institutional players come on board. Plus, working in PE means this is the only "stock market" like investment you can probably only make, which makes it quite exciting as a side hobby. Recommend checking with your compliance team before doing so. Your call, this is not financial advice ...

 
Jan 14, 2021 - 9:54am

statistically the best advice

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.

 
  • Analyst 1 in IB - Ind
Jan 14, 2021 - 9:51am

Stupid crypto and penny stock gambling aside, if one is actually looking for a reliable investment I would use my first time home buyer credit and get a multifamily house with like 3% down using the $30k, live in one unit and rent the rest out to cover my mortgage and even make some extra profit. You could buy a ~$1m property with a $30,000 down with first time home buyer credit (for simplicity ignoring the extra fees although those are material and worth considering) and in low cost markets you can definitely get a 3-4 family property for that. Note 4 unit is the max size so if you buy like a strip of townhomes for $2mil you'll need the 20% to put down on that bad boy.

 
  • Analyst 1 in IB - Ind
Jan 14, 2021 - 10:04pm

Oh I was just saying in general not for any particular person (especially since 75% of this forum is in a T1 city where real estate is way expensive for this level of investment)

 
Jan 14, 2021 - 12:00pm

I'd buy as many GME shares as possible and hold like my life depends on it. Join the crew m8ty, we're robbing some soyboi shortsellers for dinner. The booty has just begun. Anyone telling you to put it into some lame ETF has no balls or is a boomer.

Array

  • 1
  • 2
 
Jan 14, 2021 - 12:15pm

Whats your thesis/horizon for GME?

Problem for me is my compliance group prevents us from buying pretty much any name and even ETFs. Also, my equity sentiment model indicates the market is way overbought right now. Reluctant to load up on stonks at this level.

 
Jan 14, 2021 - 12:51pm

Hey man, I don't have compliance issues to worry about so this was just my answer to what I'd do with $30k. I'm in it for the long haul because I've met Ryan Cohen once and have been in awe of what he did with Chewy starting from nothing with a business model everyone assumed would fail. Given he, and both the CFO & CMO from Chewy are now heading up the board I think there's a huge turnaround to look forward to. I'm already in for about as much as you mentioned and it's been a very good week, but I won't be looking to start profit taking until after Q4 earnings at the earliest.

Array

  • 1
 
Jan 14, 2021 - 9:47pm

Everything seems so overvalued. Stocks, crypto, real estate.

I'd go real estate. There is going to be massive inflation coming and you can borrow with low interest rates.

Start Discussion

Popular Content See all

IB Sucks. I'm out
+155IBby 1st Year Analyst in Investment Banking - Generalist">Analyst 1 in IB - Gen
IB is not intellectually challenging
+63IBby Intern in Investment Banking - Mergers and Acquisitions">Intern in IB-M&A
VP Lying
+28IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Janet Yellen - Unrealized Capital Gains Tax. WTF
+28OFFby 1st Year Analyst in Investment Banking - Generalist">Analyst 1 in IB - Gen

Total Avg Compensation

January 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (141) $232
  • 2nd Year Analyst (89) $151
  • 3rd+ Year Analyst (19) $150
  • Intern/Summer Associate (91) $144
  • 1st Year Analyst (351) $132
  • Intern/Summer Analyst (300) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
bolo up's picture
bolo up
97.5
9
Edifice's picture
Edifice
97.5
10
NuckFuts's picture
NuckFuts
97.5