Car question

[cernjSHU]

Another 40 would be great; not sure it's in my genetics, however. What about range and battery life? Those would seem the largest hurdles. Replacement costs of the battery? I guess if you're leasing, you don't care. Not going to be solved any time soon. Add to it that gas and diesel engines are pretty ingrained into the culture. I, for one, will never own an electric vehicle.

Ten years ago did you see that there was a car company that would develop an electric car into the most revolutionary car technology? Actually I did. Bought Tesla at $25 in 2011. After the split it is $5 a share. The rapid improvement in battery technology seems to be doubling every 5 years. In 20 years, most cars on the road will be electric. I think there will always be gas powered combustable engines. There will be a market that you will be in that will be profitable for a few cars. It will will be like vinyl records. Sure 90% of the public wil buy CDs then mp4 and then stream. But there is a niche area will vinyl lives. Same thing will happen with gas powered vehicles.

I think you will see the development of batteries that can be swapped out of a car at an "Electric station or Power station". Tesla was looking at this idea 5 years ago. I have not heard about it in awhile. But that does seem to be the natural progression.

 

[Merge]

I think you will see the development of batteries that can be swapped out of a car at an "Electric station or Power station". Tesla was looking at this idea 5 years ago. I have not heard about it in awhile. But that does seem to be the natural progression.

Nio is actually doing that now in China. Start to finish, the swap takes about 5 minutes assuming no one is ahead of you.

Tesla has opted for building out the supercharger network instead. Not sure if they will go back to the swap idea or not.

 

[Pirata]

6. Full and partial on the road battery swaps will be available.

I think swaps will be part of the equation.

By partial swaps I can envision having modular batteries so that if you only need 50 miles of juice to get home you can swap out a portion of your total battery.

At some point our thinking will be in terms of KWh instead of gallons.

 

[Pirata]

With regard to charging, I think there is a paradigm or two to be broken

For everyday driving, the charging technology is sufficient. We just have to shift our thinking that we no longer need to go to the gas station. Just plug in when you get home. There is more than enough data that shows that the average round trip from you home is well within the range of the vehicle.

The big issue right now is for long trips. Current technology allows for a full charge in 30-40 minutes. While that can be worked into meal breaks and rest stops, it is a big hurdle for most to overcome. Early adopters will deal with it but not the masses. Early adopters know the apps that let you know where the juice is. Which hotels, shopping plazas, etc. There are even people who share their personal juice from there homes.

 

[donnie_baseball]

Ten years ago did you see that there was a car company that would develop an electric car into the most revolutionary car technology? Actually I did. Bought Tesla at $25 in 2011. After the split it is $5 a share. The rapid improvement in battery technology seems to be doubling every 5 years. In 20 years, most cars on the road will be electric. I think there will always be gas powered combustable engines. There will be a market that you will be in that will be profitable for a few cars. It will will be like vinyl records. Sure 90% of the public wil buy CDs then mp4 and then stream. But there is a niche area will vinyl lives. Same thing will happen with gas powered vehicles.

I think you will see the development of batteries that can be swapped out of a car at an "Electric station or Power station". Tesla was looking at this idea 5 years ago. I have not heard about it in awhile. But that does seem to be the natural progression.

I did, actually, though I didn't have the foresight to invest in it. I disagree about what will happen in 20 years, I think too many medium and heavy duty vehicles are in operation for that to happen, and culture change is glacial. And given my personal experience with rechargeable batteries in other facets of life, I just don't think it's there yet, or imminent.

 

[cernjSHU]

With regard to charging, I think there is a paradigm or two to be broken

For everyday driving, the charging technology is sufficient. We just have to shift our thinking that we no longer need to go to the gas station. Just plug in when you get home. There is more than enough data that shows that the average round trip from you home is well within the range of the vehicle.

The big issue right now is for long trips. Current technology allows for a full charge in 30-40 minutes. While that can be worked into meal breaks and rest stops, it is a big hurdle for most to overcome. Early adopters will deal with it but not the masses. Early adopters know the apps that let you know where the juice is. Which hotels, shopping plazas, etc. There are even people who share their personal juice from there homes.

I think you will start seeing range from 400 to 500 miles soon. People who have homes with garages or driveways, charging overnight is perfect. But what about people who do not have a driveway or live in apartments without a parking garage? How will they charge up? When I was a kid, I lived in the Ironbound section of Newark. Not many people had a garage. People parked their car in the street wherever they could. How does the electric vehicle overcome that situation?

 

[cernjSHU]

I did, actually, though I didn't have the foresight to invest in it. I disagree about what will happen in 20 years, I think too many medium and heavy duty vehicles are in operation for that to happen, and culture change is glacial. And given my personal experience with rechargeable batteries in other facets of life, I just don't think it's there yet, or imminent.

Yeah, I wasn't thinking trucks. The major technology companies are now investing heavily into batteries for vehicles including Apple which seems to have some sort of break through with batteries. With those types of companies focusing their attention to battery technology, I am going to bet and place my money with the geniuses that work in these companies. We shall see.

 

[Merge]

I think swaps will be part of the equation.

By partial swaps I can envision having modular batteries so that if you only need 50 miles of juice to get home you can swap out a portion of your total battery.

At some point our thinking will be in terms of KWh instead of gallons.

Adding 50 miles on a supercharger is pretty quick as it is though, and The Porche 350Kw fast charger (which I believe is the fastest currently) gets you 60 miles in under 4 minutes. Not sure if a Battery redesign towards a modular type would be worth the effort considering how fast charging is improving? Short term, I love the idea though. In the last year I have only had to use a fast charger twice which I pre-planned a break around but if I had to deal with that frequently then I would definitely prefer a quick swap for an additional 50 miles.

 

[Merge]

I think you will start seeing range from 400 to 500 miles soon. People who have homes with garages or driveways, charging overnight is perfect. But what about people who do not have a driveway or live in apartments without a parking garage? How will they charge up? When I was a kid, I lived in the Ironbound section of Newark. Not many people had a garage. People parked their car in the street wherever they could. How does the electric vehicle overcome that situation?

Honestly, I don't think any of us really know the answer to that yet but I am fairly confident that automakers are paying people much smarter than I am to try and find the right solution to that problem.

 

[Pirata]

I think you will start seeing range from 400 to 500 miles soon. People who have homes with garages or driveways, charging overnight is perfect. But what about people who do not have a driveway or live in apartments without a parking garage? How will they charge up? When I was a kid, I lived in the Ironbound section of Newark. Not many people had a garage. People parked their car in the street wherever they could. How does the electric vehicle overcome that situation?

Short-the, depending on your usage pattern, that may not be an issue. If today you have a 350 mile gas tank range and you fill up once per week, you could do the same using current options.

Long(er) term:

• Public charging stations on the street/sidewalk.
• Battery swaps.
• Publics charging at shopping centers. Say yo go grocery shopping once per week. You pull in, plug-in, shop, and go home.

At present, it is an anxiety issue. We all know what it is like to have your cell phone low on battery and no where to charge. Then again, they did not have cell phone charging stations at airports and Starbucks 20 years ago. There are so many more options to charge your phone today than 5 years ago. The same will happen with cars as electrics become more the norm.

It will take a little time but I believe that is where we are going.

 

[SHUSA]

Ten years ago did you see that there was a car company that would develop an electric car into the most revolutionary car technology? Actually I did. Bought Tesla at $25 in 2011. After the split it is $5 a share. The rapid improvement in battery technology seems to be doubling every 5 years. In 20 years, most cars on the road will be electric. I think there will always be gas powered combustable engines. There will be a market that you will be in that will be profitable for a few cars. It will will be like vinyl records. Sure 90% of the public wil buy CDs then mp4 and then stream. But there is a niche area will vinyl lives. Same thing will happen with gas powered vehicles.

I think you will see the development of batteries that can be swapped out of a car at an "Electric station or Power station". Tesla was looking at this idea 5 years ago. I have not heard about it in awhile. But that does seem to be the natural progression.

damn youre prob rich cause of that decision. how long do you actually hold it? youve probably already made a boatload.

 

[cernjSHU]

damn youre prob rich cause of that decision. how long do you actually hold it? youve probably already made a boatload.

One thing I can say is that it is very important for young people to invest in the market as soon as possible. An 18 yr old doing a $2000 investment without adding anything to that investment assuming earning 9% per year will give you $136,435 by the time you retire at 67. If you add just $1500 a year to that investment, you will have $1.25 million.

I am a buy and hold guy for the most part.

 

[NYShoreGuy]

This from newspaper printed article today...average new vehicle cross 40k in USA first time ever...average new vehicle owner borrows 35k with down payment just under 5k both areas up 5.5 percent and always 10 percent respectively from 2019.

Average monthly payment of 581 for new vehicles

 

[shu09]

One thing I can say is that it is very important for young people to invest in the market as soon as possible. An 18 yr old doing a $2000 investment without adding anything to that investment assuming earning 9% per year will give you $136,435 by the time you retire at 67. If you add just $1500 a year to that investment, you will have $1.25 million.

I am a buy and hold guy for the most part.

This x1000. I didn't start investing until I was around 26 or 27. I'm glad I am invested, but I regret not starting years earlier. There's a Chinese proverb that says the best time to plant a tree was 20 years ago. The second best time is today. This applies to investing as well.

No matter how old you are, but especially young people, I urge anyone reading who is not invested to start now. Even if it is a "small" amount, you'll be thankful in the long run.

 

[SHUSA]

One thing I can say is that it is very important for young people to invest in the market as soon as possible. An 18 yr old doing a $2000 investment without adding anything to that investment assuming earning 9% per year will give you $136,435 by the time you retire at 67. If you add just $1500 a year to that investment, you will have $1.25 million.

I am a buy and hold guy for the most part.

somewhat misleading guidance if you have no idea what to invest in

 

[shu09]

somewhat misleading guidance if you have no idea what to invest in

If you have no idea put it in a S&P 500 index fund. Set it, add to it every month/year and forget it.

 

[SHUSA]

If you have no idea put it in a S&P 500 index fund. Set it, add to it every month/year and forget it.

well yea but playing stocks is an easy way to lose all your money.

you would think that at one point during school they would advise kids on this stuff.

 

[donnie_baseball]

well yea but playing stocks is an easy way to lose all your money.

you would think that at one point during school they would advise kids on this stuff.

What you need to do is pony up for floor seats next year -- just for one game. Recommend sitting across from either bench. Meet some of the robber barons that support SHU basketball during intermissions at the complimentary bar. I'm sure they'd have some stock tips for you.

 

[shu09]

well yea but playing stocks is an easy way to lose all your money.

This is completely untrue.

you would think that at one point during school they would advise kids on this stuff.

Correct. It is a huge failing of the American educational system that personal finance and money management isn't taught in schools. It results in a 100% wrong perception by the public at large that investing is "only for rich people."

 

[SHUSA]

What you need to do is pony up for floor seats next year -- just for one game. Recommend sitting across from either bench. Meet some of the robber barons that support SHU basketball during intermissions at the complimentary bar. I'm sure they'd have some stock tips for you.

how much do floor seats cost? lol if theres one thing i know about shu fans is they all become friends at the bar

 

[Merge]

This is completely untrue.

^ THIS

If you're not close to retirement and the market is going up, buy and you will do well when you retire. If the market is going down, buy and you will get more for your money and do well when you retire.

 

[SHUSA]

^ THIS

If you're not close to retirement and the market is going up, buy and you will do well when you retire. If the market is going down, buy and you will get more for your money and do well when you retire.

im speaking more to things like robinhood where people dump money into stocks they know nothing about because they think its cool and easy

 

[shu09]

^ THIS

If you're not close to retirement and the market is going up, buy and you will do well when you retire. If the market is going down, buy and you will get more for your money and do well when you retire.

First of all, let me say it's always good to consistently contribute to your investments. But there have been two huge buying opportunities (especially for young people) in the last 15 years: The 2008 financial crisis and the 2020 covid plunge. If you bought specifically during those times, you're golden.

 

[Merge]

im speaking more to things like robinhood where people dump money into stocks they know nothing about because they think its cool and easy

Agree with that and with the bull market they all think they are experts.
When the market dips, they are probably going to try and trade their way to beat the market and many will lose their shirts.

That said, I love Robinhood for its simplicity and getting people interested in learning more about investing.

 

[cernjSHU]

well yea but playing stocks is an easy way to lose all your money.

you would think that at one point during school they would advise kids on this stuff.

I am assuming that you are young somewhere in your 20's. This type of thinking was quite prevalent during my father's generation. I can tell you that it is wrong and it's the remnants of the thinking and feelings people had going through the Great Depression.

SHU09 advice is excellent in investing in an S&P 500 Fund. I think historically it has resulted in 9% gains. But, there are obviously individual stocks that are fantastic to invest in. Apple, Amazon, Google. These three behemoths keep going and going. Do you see any of these three companies going anywhere?
I am not a believer of day trading. That is how to get into trouble. But buying very solid companies and holding it will get you to where you want to be.

 

[Merge]

Anyone here in Crpto at all?

Obviously wish I was in way earlier but the timing wasn't right for me to take on the risk. Started to move some money there a couple months ago, not a huge amount or anything.. just enough to care that it is there but wouldn't kill me if it collapses as I learn more. Bit of a rabbit hole though.

 

[cernjSHU]

Anyone here in Crpto at all?

Obviously wish I was in way earlier but the timing wasn't right for me to take on the risk. Started to move some money there a couple months ago, not a huge amount or anything.. just enough to care that it is there but wouldn't kill me if it collapses as I learn more. Bit of a rabbit hole though.

When Bitcoin went under $6000, I was going to buy it. But, I just don't believe in it so, I didn't buy. A. mistake? we we shall see. I don't see this valuation holding up. As the world stabilizes after CoVid, watch it start to tank more. If you want to hedge against the debt and the falling dollar, buy what is proven, gold!

 

[SHUSA]

Agree with that and with the bull market they all think they are experts.
When the market dips, they are probably going to try and trade their way to beat the market and many will lose their shirts.

That said, I love Robinhood for its simplicity and getting people interested in learning more about investing.

i have two there just to test it out a while ago. UA when it was in the dirt and Yum brands. the markets pretty good so i might sell off UA just to buy more YUM

 

[SHUSA]

Anyone here in Crpto at all?

Obviously wish I was in way earlier but the timing wasn't right for me to take on the risk. Started to move some money there a couple months ago, not a huge amount or anything.. just enough to care that it is there but wouldn't kill me if it collapses as I learn more. Bit of a rabbit hole though.

i had a couple thousand that i lost because at the time i signed up i didnt write down my 12 word sentence code. then the iphone update logged me out of my wallet and bye bye money.

live and learn. im not the only one. probably will put some money in every so often to hedge and regain what i had because if u dont have btc and it hits, youll be behind. its just pretty damn confusing with the wallet and stuff.

 

[shu09]

Anyone here in Crpto at all?

Obviously wish I was in way earlier but the timing wasn't right for me to take on the risk. Started to move some money there a couple months ago, not a huge amount or anything.. just enough to care that it is there but wouldn't kill me if it collapses as I learn more. Bit of a rabbit hole though.

I've thought about dabbling but haven't pulled the trigger yet. The wild swings cause me some angst but for the long term it's probably worth the risk of maybe somewhere around 5-10% of my portfolio in it.

Are you in ETF's like GBTC or do you invest through Coinbase or something else?

 

[HALL85]

Anyone here in Crpto at all?

Obviously wish I was in way earlier but the timing wasn't right for me to take on the risk. Started to move some money there a couple months ago, not a huge amount or anything.. just enough to care that it is there but wouldn't kill me if it collapses as I learn more. Bit of a rabbit hole though.

Someone I trust and respect (not social media...lol) once recommended that if you are going to invest, best to put your money in industries, instruments that you have experience or have done extensive research. I've stuck to that and it's served me well. I've done a decent amount of research on Crypto and just don't feel comfortable wading into that pool. Investing is a zero sum game. I don't fret that someone else made a bet and came up big, even if I missed the boat. There's a lot of places to put your money...good for them.

 

[Merge]

When Bitcoin went under $6000, I was going to buy it. But, I just don't believe in it so, I didn't buy. A. mistake? we we shall see. I don't see this valuation holding up. As the world stabilizes after CoVid, watch it start to tank more. If you want to hedge against the debt and the falling dollar, buy what is proven, gold!

Mistake is relative. I am sure you will be fine buying or not.

I just always think about the guy who traded 10,000 bitcoin for 2 pizzas from dominos. That is $160,000,000 per pizza on today's value and that was just 10 years ago. lol... Seems like a risk to not throw a couple hundred at a few speculative coins every once in a while.

 

[Merge]

I've thought about dabbling but haven't pulled the trigger yet. The wild swings cause me some angst but for the long term it's probably worth the risk of maybe somewhere around 5-10% of my portfolio in it.

Are you in ETF's like GBTC or do you invest through Coinbase or something else?

Yeah, I am using coinbase. I think the fees are higher than other platforms but I am not looking to trade really. Just a speculative hold. They give you a bunch of free coin as well if you sign up and watch some short videos on a few different coins.

 

[SHUSA]

Yeah, I am using coinbase. I think the fees are higher than other platforms but I am not looking to trade really. Just a speculative hold. They give you a bunch of free coin as well if you sign up and watch some short videos on a few different coins.

i think robinhood offers crypto now not sure about btc tho

 

[shu09]

Yeah, I am using coinbase. I think the fees are higher than other platforms but I am not looking to trade really. Just a speculative hold. They give you a bunch of free coin as well if you sign up and watch some short videos on a few different coins.

I will check it out, thanks.

 

[Save Continental]

I've thought about dabbling but haven't pulled the trigger yet. The wild swings cause me some angst but for the long term it's probably worth the risk of maybe somewhere around 5-10% of my portfolio in it.

Are you in ETF's like GBTC or do you invest through Coinbase or something else?

I put about 1.5% of my liquid assets in BTC and Etherium when things heated up in 2017. Got in BTC around $9500 and ETH around $400 and have held since then.

I've been with Coinbase but for my kids I bought GBTC. Nothing wrong with GBTC if you're trading at lower levels, but if you're anxious to pull the trigger to sell you won't be able to outside of normal market hours, unlike Coinbase.

i have two there just to test it out a while ago. UA when it was in the dirt and Yum brands. the markets pretty good so i might sell off UA just to buy more YUM

Don't mess with individual stocks if you're uncertain. Just buy SPY, VOO, IWM, something that's going to track the performance of the big boys. Like others said, sprinkle some in every month and leave it alone, if you can.

 

[sami]

im speaking more to things like robinhood where people dump money into stocks they know nothing about because they think its cool and easy

That’s far different than the very reasonable strategy he noted for young people of dollar cost averaging into an S&P 500 index fund. Smartest thing a 23 year old could do is put $50/month into an S&P 500 ETF. If he doesn’t feel that, make it $100. Never touch it, never look at it, just do it and make other disciplined decisions on the side. Wake up and see balances in the 5-figures and growing.

 

[SHUSA]

I put about 1.5% of my liquid assets in BTC and Etherium when things heated up in 2017. Got in BTC around $9500 and ETH around $400 and have held since then.

I've been with Coinbase but for my kids I bought GBTC. Nothing wrong with GBTC if you're trading at lower levels, but if you're anxious to pull the trigger to sell you won't be able to outside of normal market hours, unlike Coinbase.



Don't mess with individual stocks if you're uncertain. Just buy SPY, VOO, IWM, something that's going to track the performance of the big boys. Like others said, sprinkle some in every month and leave it alone, if you can.

i wasnt putting in a ton of money lol. UA just cause i knew it was rock bottom and yum because i actually was certain.

 

[SHUSA]

That’s far different than the very reasonable strategy he noted for young people of dollar cost averaging into an S&P 500 index fund. Smartest thing a 23 year old could do is put $50/month into an S&P 500 ETF. If he doesn’t feel that, make it $100. Never touch it, never look at it, just do it and make other disciplined decisions on the side. Wake up and see balances in the 5-figures and growing.

i know its very different, i made the original comment. his response wasnt aligned with the original comment. u was just clarifying what i meant.

 

[Hallsome]

I did, actually, though I didn't have the foresight to invest in it. I disagree about what will happen in 20 years, I think too many medium and heavy duty vehicles are in operation for that to happen, and culture change is glacial. And given my personal experience with rechargeable batteries in other facets of life, I just don't think it's there yet, or imminent.

Many saw it

But many other investors (biz starters/owners) can’t withstand the time/$/patience l it takes to win in this market. It’s a slow burn IMO with few rich quick options-which makes many investors shy away