>A value stock is a stock that trades at a lower price relative to its fundamentals, such as dividends, earnings, or sales, making it appealing to value investors. how the fuck do you justify a P/E of 50+ as "undervalued." just because it had historically a good growth rate doesn't mean the stock is somehow trading at a discount relative to its future growth prospects, its just a bubble, i never touch stocks with a P/E above 25, they are all grossly over valued and have so much room for downside with little room for upside (not saying its a bad investment, it just has nothing to do with value)
>In this sense, "value" is usually put in opposition to "growth." It sounds like you are making the argument that Etsy is attractive as a growth stock rather than a value stock.
I want to be clear about ETSY,.
Most people see the stock as a growth stock. Something like a Netflix, that is growing very fast in revenue with a later promise of earnings. That is not ETSY.
ETSY is profitable now and still has large growth ahead of it. 20%, 30% a year, sure, maybe more.
So yes the PE is like 60 now. What will it be in one year? 50 according to some forward estimates.
If you look at the financial statements you can see why I see it as value and not growth. The price of the stock is not reflecting the value of the company.
>refuses to disclose his total return is galtboi the trump of smg? o____o
Josiah Cruz
dividend growth investor boys run this shit
Gavin Lopez
Jesus, pull up your underwear, have some self respect
Aaron Cook
Oh I see. Im trying to day trade (as a way out of wagecuckery via usage of $30,000) but looks like the market is crabbing and penny stocks seem like the easiest flip but I'm not delusional about them nor would I stick all of my money in them or even 1/4.
Im using robinhood. The one I abandoned is very likely getting abandoned by 1 of 2 stock exchanges that robinhood uses for its stocks, NYSE. Which will likely cause it to tank to less than 0.10 for good. Good thing I sold, it had low volume too, and there's people acting delusional about it lol.
Was considering this. How much on average do you think someone with $30,000 can flip on average in a month who doesnt trade on emotions?
If you watch anything remotely diy on youtube they constantly reference suppliers and things you can only get on etsy. We aren't talking sponsored videos, just a reality of the hobby.
Caleb Wilson
honestly, now taking a closer look, the financials of the company looks good. they also arent over leveraged
Anthony Watson
Financing is the achilles heel because banks won’t touch them. And the stoner stereotypes scare off suits.
Christian Hughes
That is one cool crab
Adrian Miller
Ah, more like a zoomer qvc then?
Gabriel Martinez
crabs (and lobsters, and shrimp) are actually pretty interesting very different from most animals read about how their vision works
Yeah that's one of the things I was looking at. Matter of fact some take that as a negative sign because they can use debt to fund expansion, especially given the record low rates. Given their growth rates though I am not complaining. I fully expect the stock to double in a few quarters. I mean it was $72/share not long ago before all this market craziness.
Millennial
Joshua Edwards
BRK.B and SPY my dude. Index funds beat out 94% of actively managed funds over a 10 year period. Time in the market over timing the market get that Roth IRA going.
Besides the finals of TI9 this weekend, there will also be a G-7 meeting in France.
>Already, Trump has shaken up the schedule, calling at the last minute for a special meeting Sunday morning to discuss the global economy. Senior administration officials said he will contrast U.S. growth with Europe’s economic doldrums and press his pro-jobs and “fair” trade messages.
How exciting. I hope the world leaders share some happy and productive moments together~~
>get home >there is a letter for me >it's from a company I own saying it was approved the payment of additional dividends I feel so important right now. Dividends really are my fren like always say
That woman gives off the same vibe as women who are on a power trip in a work environment. Trumps expression probably makes her mad lol.
Henry Ward
Just pump money into index funds and forget about them If you're going for a conservative approach like you are by focusing on large-cap companies, then there's no point in even picking individual stocks
One thing that I'm curious about, and I can't find an answer about online yet: what is the total outstanding mount of capital gains 'on the table' right now? Meaning, if tomorrow everyone had to suddenly re-basis all their assets, and pay capital gains tax on all their holdings this fiscal year (for example, Bezos has to pat cappy gains tax on all his AMZN shares), how much would that be? Hundreds of billions? trillions? Obviously for property that isn't stocks it can be even harder to estimate... but it should still be possible to guess the order of magnitude
It's interesting to think about, and obviously it would just be an estimate, but I can't find any articles on the internet about the concept
That is a wealth tax, not capital gains. Given the complexity of taxing wealth it is very unlikely to pass. So much easier just to change the capital tax rate.
I understand that conceptually, if the government did that, it would be a wealth tax
I'm asking hypothetically, if everyone bought and then resold their assets in a single calendar year, thus realizing decades of capital gains tax all in one moment, how much it would actually be.
you know, changes in tax rates, tax policies, or other changes already will result in a rate of capital gains realization that isn't constant. It would be interesting to know, if all the possible capital gains were all realized at the same time, what kind of windfall the US government would be looking at. (and then, how much would cappy gains incomes for the Govt be depressed in the years afterwards...)
just a thought experiment
Brody Garcia
*sold and then re-bought, at realistic market prices
Ethan Ross
I sold and then rebought your mother at realistic prices
John Young
I don't get you. They are taxing the book value of wealth. So let us say they taxed $1 of every $1000 a person who had stock with a value of $1 million or more.
So a person like this would owe $1000 tax. They don't have to sell anything. Yeah I've heard Elizabeth Warren say 1% also, but it still is only $10,000.
>no point in picking companies when focusing on large-cap companies How do you figure that? I’m saying BRK.B because I like buffet’s track record as an investor, and I know he has access to investing tools the rest of us don’t.
How can you say that there’s no point in picking companies just because they’re large cap? makes no sense. I don’t like Pfizer like I like coke, Pepsi, Merck, and UNH. I don’t like KHC even with that dividend. And I don’t like the fossil fuels.
I'm not talking about a wealth tax. I'm talking about complete capital gains tax realization in one single year (not every year, just a one-time hypothetical event)
You know all the articles every year that are like "Jeff Bezos is worth 10 billion more than last year, but he only paid some tiny amount of taxes"? It's because his net worth is mostly in AMZN stock that he has held forever (tax basis is basically $0). He's never paid taxes on that stock, he only has to pay taxes when he sells it and realizes the capital gains. That's how capital gains tax works: if you hold stock or other assets for a long time, you only pay taxes when you sell. And there is a large amount of money out there in that kind of situation right now. under most normal conditions, there will be a steady rate of capital gains and capital gains realization. My thought experiment is, what if all capital gains were realized at the same time? It's not something I expect to happen, I'm just interested to know what kinds of numbers would be involved. I can make a very rough guess of the magnitude, I was surprised that I couldn't find any other estimates online when I searched
James Flores
That sounds like the dumbest idea ever. This would mean no poor people would ever be able to own stocks because you need to pay taxes without realizing any gain just because you own it.
Christian Murphy
Think your in the wrong place
Owen Lee
most of the wealth tax proposals have a minimum (for example, under 50 million net worth, you don't have to pay any wealth tax)
the actual stupid part is taxing assets that aren't publicly traded stocks. under most wealth tax cases, you still have to tax things like property (real estate), private companies, artwork, etc.. So the government would have to hire a bunch of bureaucrats (maybe call them commissars) to evaluate how much every rich person's holdings are worth every year. Who can properly evaluate the worth of SpaceX or Blue Origin if even the stock market can't properly decide how much companies like BYND and TSLA are worth.
A gross idea for so many reasons. but yeah, that's the idea of a wealth tax.
John Flores
>1 post by this ID You came to my thread just to make this low-quality post?
Evidently you are not eligible for the Earned Income Credit if you have "investment income" over $3,500 per year. The IRS gives the following definition of investment income: "generally, this includes interest, dividends, rents, royalties, and capital gains." Now, if you are in a position where you are making $3,500 per year in capital gains, you have probably done much better than the credit you would have received from the EIC anyway, but it is still something worth keeping in mind. irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts irs.gov/pub/irs-pdf/p5334.pdf
You seem to misunderstand why the government is set-up the way it is. Poor people are encouraged to have lots of kids because historically the countries that can draft the most soldiers win.
Liam Moore
FUCK I missed the short entry point.
Matthew Torres
Wars will be fought with drones tho.....
Kayden Gray
Maybe so, but not so much in this specific case. The EIC benefit maxes out at 3 children, so having children beyond that doesn't help as far as the EIC goes. For my own situation, I'm uncertain whether I'd qualify since our total "earned income" is close to the cutoff point, and even if I did qualify, it would be a relative pittance. It's more like the government doesn't want people to get ahead by speculating on ten-bagger stocks like LCI.
Angel Sanchez
too late to buy amd?
Hudson Jackson
Futures pretty heavy in the green here. Hopefully Powell doesn't jam a stick in to the spokes tomorrow morning. Market evidently wants higher.
campbell soup trying very hard to break the concrete resistance Since above the Monthly BeeBee I give it around 3 months before the BULLISH type run to 50
I think classic is priced in already and possibly the only thing keeping the price up. Considering their true lack of direction with any of their IP and regular WoW bleeding out hard classic is probably the only thing ATVI has going for it.
Jaxon Rivera
what about the diablo mobile game those things rake in cash
Bentley Evans
It was supposed to release this year and according to Net Ease (developing studio) it's been done for 4-6 months I think they have serious cold feet after how badly the announcement went. It has to drop eventually but I wouldn't count on it doing as well as people hope.
Adrian Lee
we've been sideways for a year... it seems they've under estimated the amount of users from all of this server stuff.
Dominic Lee
from what I'd read online the previous game made by the mobile game studio did very well in china and is mechanically similar we will just have to see how it is received once it is out. the announcement was quite a blunder they really shouldn't have picked that venue since people were expecting a mainline game
yeah I wonder when it is finally going to drop
Isaiah Johnson
SALESFORCERS, when you selling? Shit I wish I owned more.
BUFFETEERS: When we buying Berks? WB bought some shares around this price last year. Since then, Teva and KHC have been blowing up in his face...
RDS and BP seem have nice PE's right now and healthy divvy.
Also has anybody invested in Core Civic or GEO? Thoser dividen look creazy
Jaxon Ramirez
I'm not buying anything right now, just because I'm light on cash
you can consider something like IXC if you want a heavy-div oil ETF it's paying over 4.1% right now, and the diversification makes that div a lot steadier compared to the divs from individual companies. Still, it will perform the same as buying BP/XOM/RDS/etc. individually, heavily dependent on oil price.
We have some GEO buyers here. I'm holding a few shares of CXW at a loss. I could average down, but like I said I'm accumulating more cash
Andrew King
I'm thinkin about ETSY tomorrow
Grayson Jenkins
you have to know the total value initially put into the stock market ALL the new listings and offerings, (all kinds of IPO's and PO's, some would be tricky because of excessive leverage like the weird bank loan-for shares/options kind)
then you just subtract that from the total value of the stock market today, and then you can take percentage based on the capital gains tax
that is in the scenario you describe (everyone takes their gains) which of cource would crash the market since that wealth wasn't real to begin with making that scenario impossible but whatever
I do not recommend buying anything oil related right now, shit about to get real
are you they guy from the obsidian thread?
Parker Perez
there are all kinds of assets subject to capital gains tax that aren't exchange traded stocks. private companies and real estate gains have to be accounted too I don't think it's easy to estimate, I just thought it would be an interesting subject for an article or something like that, so I was surprised that there isn't anything like that to read about on the internet
Asher Lewis
I hold MPLX and EPD but I agree with this user. I don't think we will see big moves in oil until Saudi Aramco IPOs.
Gavin Gomez
don't think so I don't know what you're talking about
although oil reserves are bearish atm
Colton Harris
>I don't think it's easy to estimate, I just thought it would be an interesting subject for an article or something like that, so I was surprised that there isn't anything like that to read about on the internet
idk, its a "what if, assuming this" and very abstract tbqh
i have seen articles discussing what would happen if everyone were trying to sell at once (nothing would get sold, but paper wealth vaporized) i guess the question could be practical if you framed it as a way of increasing government tax income (as there is more incentive to cash out this paper wealth) probably someone at the IRS doing the calculations of the effects of a tax decrease right now...
As i see it the Aramco IPO is the beginning of a mastermind exit scam on oil by the saudis
my bad, and yeah oil bearish right now, i see a drop to 53 on WTI by next week J. Powells words on sunday also interesting (and all the way to the cut on the 18th of september) if he mega dovish we might have a nice outlook for risk assets
Eli Long
there was thread where a guy was looking for ways to sell 250 tonnes of obsidian, someone sugested Etsy
Leo Reed
>As i see it the Aramco IPO is the beginning of a mastermind exit scam on oil by the saudis MbS wants to build a desert city with genetically engineers catgirls and a fake moon, so they have to raise money: futurism.com/saudi-city-neom-human-gene-editing-artificial-rain
>i guess the question could be practical if you framed it as a way of increasing government tax income (as there is more incentive to cash out this paper wealth) >probably someone at the IRS doing the calculations of the effects of a tax decrease right now... yeah I'm sure someone at the IRS has some numbers on this, but I can't find anything published If there is a chance that Biden(or someone like Warren or Bernie) gets elected with a democratic congress and doubles the top cappy gains rate, there will be a lot of very rich people getting new basis on substantial assets and paying a lot of cap gain taxes in fiscal year 2020 considering Biden is seen as the "moderate" candidate and has said clearly he would double the rate, the other candidates might be more extreme. On the other hand, maybe Biden gets elected and just doesn't increase the rate, who knows
Hudson Kelly
Futures say Commodities are getting hosed but everything else is going up
Lincoln Peterson
>J. Powells words on sunday i mean the jackson hole speech today
>saudies genetically engineers catgirls best ally?
> On the other hand, maybe Biden gets elected and just doesn't increase the rate, who knows that would unironically be bullish for the stock market
>mfw we have 100% capital gains tax and mandatory DRIP and the stock market goes up forever
>how the fuck do you justify a P/E of 50+ as "undervalued." just because it had historically a good growth rate doesn't mean the stock is somehow trading at a discount relative to its future growth prospects, its just a bubble, i never touch stocks with a P/E above 25, they are all grossly over valued and have so much room for downside with little room for upside (not saying its a bad investment, it just has nothing to do with value) This is an interesting point in theory. I think the current interest rates have to be considered and that we can't look at P/E numbers as having constant meaning. I think 10 year treasuries are currently yielding a little under 2%, which would be the equivalent of a P/E of about 50. Stock in a company that has the same risk level as 10 year treasuries with exactly zero growth expectation should also be trading at a P/E of 50, then. Risk would bring that fair value down, but growth prospects would bring it up. WIth interest rates as they are now, a P/E of 50 might not be bad for solid prospects that have a decent moat and a lot of room to grow. Of course, if treasuries shoot up to, like, a 5% yield, that number changes, too.
Logan Phillips
>/smg/ >my thread B-Buffet sama?
Henry Green
>genetically engineers catgirls How does one convert to Islam? Asking for a friend.
I think a majority of us bought into CRM together yesterday, made easy money. But honestly it might just continue upwards from here since the outlook looks good. 155 is a monthly(and a weekly) level so placing a stop loss under it and letting it run is an option. I will personally just take profits and move on, my plan was to play the earnings so no reason for me to stay in.
Austin Nelson
fucking china, futures dumping
Samuel Howard
you don't even have to convert just be rich if you want your own
if you have enough money you can probably buy an eastern European girl and have some nerds make robot controlled tail and ears right now
that just happened, I'm not seeing the news that caused it yet. what did they say?
Isaiah Russell
>Breaking - Futures drop on news china plans to impose new tariffs on some U.S. imports, ranging between 5% and 10%
Nicholas Davis
Why would the Chinese choose to release this news now, just before Powell's speech and presumably a speech that will result in a pump for the markets?
>The US side will feel the pain I don't know how much pain we'll be feeling what are the tariffs on anyway?
what do we even sell to china that they'll buy from someone else over a 10% tariff? Chinese will buy PS4 instead of XBox one? they'll buy Japanese pickup trucks instead of F-105's?
it seems like it just isn't really such a big deal timing is very interesting though
I've said it before, HuXijin_GT is an empty-headed journalist, he can report on what's happening but any time he tries to say something himself it's some uninformed babble
Luke Bailey
campbell need desperate recipe campaign like they had in 50s kek
>They could be rewriting that speech RIGHT now. his stutter is going to be even worse than the last time he cut rates i kind of suspected he had gotten mk ultra'd
Cooper Mitchell
>if you have enough money you can probably buy an eastern European girl and have some nerds make robot controlled tail and ears right now
