Best Way To Speculate With $2,000?

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JustGotScammed
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Best Way To Speculate With $2,000?

Post by JustGotScammed »

On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
Always passive
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Re: Best Way To Speculate With $2,000?

Post by Always passive »

JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
One of the meme stocks.
Good luck
m@ver1ck
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Re: Best Way To Speculate With $2,000?

Post by m@ver1ck »

Arkk - or arkq or arkw
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JustGotScammed
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Re: Best Way To Speculate With $2,000?

Post by JustGotScammed »

January 2023 BTI call options with a $55 strike price it is.
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Re: Best Way To Speculate With $2,000?

Post by Stinky »

BTI - British American Tobacco?

Why that stock?
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Re: Best Way To Speculate With $2,000?

Post by Agon »

I like IBRX. Immunity bio. The science is amazing and I believe it could be the standard of care for cancer going forward. Or....the stock could go to zero. I'm rooting for them. (And me!)
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Re: Best Way To Speculate With $2,000?

Post by Somethingwitty92912 »

I’d do some research on value investing. Than do your research properly, an at least make an educated guess.

If you’ve already got your number and “you’ve won the game.” To say you are free rolling and are secure, than you may as well try to make a serious purchase based on evidence than to gamble on cryptos, or some nonsense some rando suggests on the internet’s.
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Re: Best Way To Speculate With $2,000?

Post by oldcomputerguy »

A comment suggesting investing in Bitcoin was removed. As a reminder, discussions of investing in cryptocurrencies are now prohibited by forum policy. See Greater Fool Investing Strategies:
Discussions of investment strategies based on securities or physical assets that have no underlying value or negative expected long term returns are prohibited. Examples include: cryptocurrencies; lottery tickets; tulip bulbs; Ponzi, pyramid, and multi-level marketing schemes; affinity frauds; and market manipulation schemes.
See also New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies.
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Re: Best Way To Speculate With $2,000?

Post by Jags4186 »

The fun of speculative investing is investing in something that is not fundamentally sound. If it were fundamentally sound, it wouldn’t be a speculation.

Hop on Twitter and follow some of the FURUs like MrZackMorris or start following Unusual Whales.

MrZackMorris is high on $IVR, $WISH, $BBIG, and $AHT right now. Be careful about that entry point.
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Re: Best Way To Speculate With $2,000?

Post by JoMoney »

Buy a copy of John Bogle's "Little Book of Common Sense Investing", and spend the other $1,990 on a brief vacation somewhere nice where you can sit back and read it.
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Re: Best Way To Speculate With $2,000?

Post by Kenkat »

Go set up an account at Robinhood and then do some research. If you are going to speculate, you need to do some work, not just ask “what’s good?”.
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Re: Best Way To Speculate With $2,000?

Post by nisiprius »

In order to win at speculating,
  • You need to think something different from everybody else, and
  • You need to be right, and
  • Everybody else needs to be wrong.
Asking other people for advice works against you by reducing your chances of thinking something different from everybody else.

The whole stock market has averaged about 6-7% real over long periods of time. State lotteries pay back around $0.60 for every dollar spent, i.e. an average loss of around -40% per purchase. A roulette wheel pays back about $36 out of every $38 bet, so an average loss of -5.2% per spin of the wheel. So it can be argued that pure gambling on individual stocks is a better gamble than state lotteries or casino gaming.

The only time in my life that I have bet on a horse race, I picked a certain horse because the jockey's name happened to be the same as mine. It won and paid off 6:1. I have never bet again, in order to preserve my lifetime record of success.

I suggest that you choose a stock whose ticker symbol has some special significance to you--matches your initials, perhaps. At least that way you will understand fully that you are gambling and not kidding yourself that you are investing based on fundamentals.

If you want to find stocks that are fundamentally sound, it is necessary but not sufficient to take enough accounting courses to be able to read a balance sheet, study Graham and Dodd's Security Analysis, spend many hours per week per stock, and, possibly, rent a Bloomberg terminal. That doesn't guarantee success, but any time you buy a stock you are competing against people who have that level of knowledge.
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Re: Best Way To Speculate With $2,000?

Post by rich126 »

JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
Why Friday?
SquirrelEater
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Re: Best Way To Speculate With $2,000?

Post by SquirrelEater »

BTU
Bankrupted coal company.
I though about it… in 2020. :oops:

ENLC
Might still be a good bet. I held it for a bit. Should of continued. :oops:
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Re: Best Way To Speculate With $2,000?

Post by Robot Monster »

JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
You're looking for something that is both a fundamentally sound investment that's also speculative? Have you ever seen the old "New Shimmer is both a floor wax and a dessert topping!" SNL skit? Feels like we're having one of those moments.

I'm honestly unsure how to suggest something that fits your critera, but I'll give it a shot, anyway, and say Emerging Markets, and share this with you...

"Bogle said recently that if he were to invest internationally, it would be in emerging markets, but not more than 5 percent." link

In fact, I think everyone should loosen their ties a little and go EM!
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Re: Best Way To Speculate With $2,000?

Post by gobel »

You can try juicing your bet with the free options promo here https://info.tastyworks.com/10or100
Happens to exactly match your $2000 pot
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Re: Best Way To Speculate With $2,000?

Post by Caduceus »

This is quite funny - most fundamentally "sound" way to "speculate."

I don't know if there are any sound ways to speculate. But if you were determined to speculate with $2000, I'd say to research event-driven stocks in the short to medium term, and then buy call options at the appropriate strike prices.

I once bought some far out of the money options. I think the stock was trading at $1.25 and I bought a couple thousand out of the money call options at $10 strike price expiring in less than a year. The only reason I did it was because the company was worth at least $25 by my estimation based on net assets. It shot up to $15 about six months later. I would have been a gadzillionaire if I'd put my entire net worth in that position :P

It's fun occasionally to do things like that, but since you'll never be able to prudently bet much, in the grand scheme of things, I don't think it helps your financial freedom that much.
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Re: Best Way To Speculate With $2,000?

Post by JonnyDVM »

Pick a lesser known meme stock. I’m in a few garbage ones myself. The terms fundamentally sound and speculative strike me as mutually exclusive.
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Re: Best Way To Speculate With $2,000?

Post by investuntilimrich »

Anything you buy right now will be speculation unrelated to the underlying value of the asset, so you're in luck. JJ :D I've been in oil and commodities but I got in a while back. Stocks are tough, wish you luck, but I tend to go with trends I can get in early rather than speculation on individual stocks. I suspect you will loose more often than you win.
Last edited by investuntilimrich on Tue Jun 15, 2021 7:19 pm, edited 2 times in total.
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Re: Best Way To Speculate With $2,000?

Post by rockstar »

My latest gamble is TTT. If I want to up the risk and lower the cost, I could buy a call options on it. I might after Powell's press conferences. I'm okay losing 100% of this gamble.

I'm currently also gambling with TQQQ and UPRO.

All of the above are super small positions. 85% of my portfolio is in either VOO or QQQ.
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Re: Best Way To Speculate With $2,000?

Post by Da5id »

Put it all on black or red? High risk, high reward!

Not my thing to speculate personally. Maybe buy something that you feel you have some insight on that the market doesn't. You almost certainly don't have such an insight, but at least will make a better story than "I bought it because WSB was pumping it".
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Re: Best Way To Speculate With $2,000?

Post by enough for freedom »

$AMC :)
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Re: Best Way To Speculate With $2,000?

Post by am »

Celldex
Ark funds
Sellas lifescience group
Feny (energy etf)
Sbio, bbc and other early stage biotech etf funds
IPO etf
Vaxart
Tqqq (triple leveraged long nasdaq)
Vistagen
Veru

Speculation is fun and can be rewarding despite what others say. Remember to keep 95% of investable assets in index funds however.
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Re: Best Way To Speculate With $2,000?

Post by Gundy »

Buy 10 shares of Moderna (MRNA).

They have a debt-free balance sheet, and an impressive pipeline of potential vaccine candidates.

A market cap of $80 billion today; could be a $2 trillion company someday. Of course, it could also go to $0.
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Re: Best Way To Speculate With $2,000?

Post by celia »

Jags4186 wrote: Tue Jun 15, 2021 8:28 am The fun of speculative investing is investing in something that is not fundamentally sound. If it were fundamentally sound, it wouldn’t be a speculation.
+1
I was going to say that “fundamentally sound” and “speculative” are opposites.

I’ve only gone to the horse races twice, as a social event with friends. If I’m going to “speculate” on a horse, I want it to be memorable. I don’t want to spend $2 on a wager on the “favorite” just to “win” my $2 back. I bet on a long shot to turn my $2 into $2,000 or more (and then went bust).

I suggest you speculate on lottery tickets! (Just this time.) Or speculate on something else that’s not considered an asset...
Last edited by celia on Wed Jun 16, 2021 2:33 pm, edited 1 time in total.
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Re: Best Way To Speculate With $2,000?

Post by DesertGator »

Since you asked, on a Boglehead forum for a recommendation, I'd say don't. If you speculate, and prevail, you will begin to think that you have some special capability to "pick winners". If you don't prevail, you will have wasted some money.

If you think you have some special understanding of something, and have a edge over other investors, same problem: You might be right this time, but you are unlikely to be right most of the time in the future. Nobody knows nuthin' - Jack Bogle.

The only reason to speculate in the finance world is the thrill of playing and winning (i.e. gambling). Craps is so much more fun than the stock market, and the game is much quicker. Bet the pass line on the come out, then raise your bet to the max for best odds.

Have you considered speculating in a more productive way that isn't just for the thrill? Maybe you could lend that $2K to a struggling micro entrepeneur in exchange for debt or a tiny slice of the business. OR spend it on some really good education or CE in your field or a field you are interested in.

Or donate it to a small local charity in bask in the glory of being seen as a hero. $2K buys alot of tree plantings, a bunch of pet food for a no kill animal shelter, or all kinds of good at a women/children's shelter etc. I'm sure you can think of something great.
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Re: Best Way To Speculate With $2,000?

Post by Brianmcg321 »

Go on wallstreetbets on reddit and pick randomly any stock they are talking about.
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Re: Best Way To Speculate With $2,000?

Post by arcticpineapplecorp. »

does the ban on bitcoin also include NFTs or not?

not making any recommendations here. just thought about NFTs as a wild speculation and wondered if that was included in the off limits or no?
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Re: Best Way To Speculate With $2,000?

Post by mikejuss »

VTSAX and chill.
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Re: Best Way To Speculate With $2,000?

Post by sfnerd »

It always surprises me that people here will gamble with a few percent of their assets, yet they work hard to save 0.01% on expense ratios.

This board is all about fundamentally sound investing. What the OP is doing is nothing of the sort really. If you're really set on gambling, I'm not knocking it, but don't trick yourself into thinking it's investing, and treat it as an entertainment expense.
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Re: Best Way To Speculate With $2,000?

Post by mikejuss »

sfnerd wrote: Wed Jun 16, 2021 2:43 pm It always surprises me that people here will gamble with a few percent of their assets, yet they work hard to save 0.01% on expense ratios.

This board is all about fundamentally sound investing. What the OP is doing is nothing of the sort really. If you're really set on gambling, I'm not knocking it, but don't trick yourself into thinking it's investing, and treat it as an entertainment expense.
+1.
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Re: Best Way To Speculate With $2,000?

Post by an_asker »

JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
I've highlighted the oxymoron here!
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Re: Best Way To Speculate With $2,000?

Post by an_asker »

celia wrote: Wed Jun 16, 2021 2:26 pm
Jags4186 wrote: Tue Jun 15, 2021 8:28 am The fun of speculative investing is investing in something that is not fundamentally sound. If it were fundamentally sound, it wouldn’t be a speculation.
+1
I was going to say that “fundamentally sound” and “speculative” are opposites.

I’ve only gone to the horse races twice, as a social event with friends. If I’m going to “speculate” on a horse, I want it to be memorable. I don’t want to spend $2 on a wager on the “favorite” just to “win” my $2 back. I bet on a long shot to turn my $2 into $2,000 or more (and then went bust).

I suggest you speculate on lottery tickets! (Just this time.) Or speculate on something else that’s not considered an asset...
Uh oh! Looks like I'm not the first to point this out!
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Re: Best Way To Speculate With $2,000?

Post by LadyGeek »

I removed a post suggesting to speculate with bitcoin. As a reminder, cryptocurrency as an investment is off-topic. See: Greater Fool Investing Strategies
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Discussions of investment strategies based on securities or physical assets that have no underlying value or negative expected long term returns are prohibited. Examples include: cryptocurrencies; lottery tickets; tulip bulbs; Ponzi, pyramid, and multi-level marketing schemes; affinity frauds; and market manipulation schemes.
And this post by the site owner: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies
Note - This policy is limited to discussions of investing strategies. Discussions of cryptocurrencies in other contexts is still acceptable, for example for money transfers or microtransactions or the current thread on crypto trades and tax loss harvesting.
Members may have crypto in their portfolio. The discussion may proceed as long as the strategy for managing crypto aligns with "Investing Advice Inspired by Jack Bogle". For example, selling crypto to purchase stocks or bonds.
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Re: Best Way To Speculate With $2,000?

Post by arcticpineapplecorp. »

so if NFTs are "not" considered crypto (still guessing here) how about a Charmin NFT (yes, Charmin as in the toilet paper. And no the irony here is not lost on me). Charmin has released 5 pieces of digital art:
Bids for the NFTPs so far range from $500 to $2,100 and can be posted on Rarible, a website that facilitates the creation and sale of digital collectibles on the blockchain.

https://www.cnn.com/2021/03/18/business ... index.html
you wanna flush your money down the toilet in a speculation, that's about as valid a suggestion as any other. best of luck. no skill required obviously.
It's hard to accept the truth when the lies were exactly what you wanted to hear. Investing is simple, but not easy. Buy, hold & rebalance low cost index funds & manage taxable events.
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Re: Best Way To Speculate With $2,000?

Post by LadyGeek »

NFT's are attached to something of underlying value. We have an ongoing thread which was active before the policy change: Non-fungible tokens (NFTs): anyone investing in those?
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Re: Best Way To Speculate With $2,000?

Post by White Coat Investor »

JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
I'd just put it all on red.
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Re: Best Way To Speculate With $2,000?

Post by Monster99 »

White Coat Investor wrote: Wed Jun 16, 2021 3:40 pm
JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
I'd just put it all on red.
+1
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Re: Best Way To Speculate With $2,000?

Post by peskypesky »

because we are restricted by Bogle principles of investing, S&P 500 index is probably the way to go.
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Re: Best Way To Speculate With $2,000?

Post by Da5id »

peskypesky wrote: Wed Jun 16, 2021 4:27 pm because we are restricted by Bogle principles of investing, S&P 500 index is probably the way to go.
At the current CAPE 10 perhaps it is speculative enough for the OP :)
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Re: Best Way To Speculate With $2,000?

Post by JustGotScammed »

an_asker wrote: Wed Jun 16, 2021 2:49 pm
JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
I've highlighted the oxymoron here!
I don't think it's an oxymoron. There are different shades of speculation, as some are more intelligent wagers than others. Essentially, I am looking for a speculative opportunity with the most "meat on the bones" hence my use of fundamental.
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Re: Best Way To Speculate With $2,000?

Post by finite_difference »

Here’s a form of speculation using triple-leveraged ETFs that may or may not align with Bogle’s vision for investing. :confused

viewtopic.php?f=10&t=288192&newpost=6069995

Not trying to judge. I could see worse things to do with $2000. I don’t think putting it on red or going to Vegas are good ideas. (What if you find out you’re a compulsive gambler?)
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Re: Best Way To Speculate With $2,000?

Post by peetsperk »

JoMoney wrote: Tue Jun 15, 2021 8:32 am Buy a copy of John Bogle's "Little Book of Common Sense Investing", and spend the other $1,990 on a brief vacation somewhere nice where you can sit back and read it.
+ 1 Great advice from JoMoney
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Re: Best Way To Speculate With $2,000?

Post by Da5id »

finite_difference wrote: Wed Jun 16, 2021 4:37 pm I don’t think putting it on red or going to Vegas are good ideas. (What if you find out you’re a compulsive gambler?)
Those (at least my suggestion of it) were intended as jokes. Though a ~49% chance to double your money immediately I suppose may fit the OPs mandate. I guess many of us are having trouble taking OPs plan all too seriously, given that this bogleheads rather than WSB or such.
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Re: Best Way To Speculate With $2,000?

Post by hnd »

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Re: Best Way To Speculate With $2,000?

Post by 000 »

nisiprius wrote: Tue Jun 15, 2021 8:53 am In order to win at speculating,
  • You need to think something different from everybody else, and
  • You need to be right, and
  • Everybody else needs to be wrong.
Asking other people for advice works against you by reducing your chances of thinking something different from everybody else.
If you want to find stocks that are fundamentally sound, it is necessary but not sufficient to take enough accounting courses to be able to read a balance sheet, study Graham and Dodd's Security Analysis, spend many hours per week per stock, and, possibly, rent a Bloomberg terminal. That doesn't guarantee success, but any time you buy a stock you are competing against people who have that level of knowledge.
I believe these two ideas are in contradiction. Traditional Graham-style fundamental analysis is very likely priced in by machines for the vast majority of exchange listed stocks. It is what "everyone" else thinks.
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Re: Best Way To Speculate With $2,000?

Post by WarAdmiral »

JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
Here from Bogleheads forum itself. Wait until 6/28, then buy DOCS

viewtopic.php?f=1&t=350769&p=6068938
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Re: Best Way To Speculate With $2,000?

Post by Texanbybirth »

Buy $AMZN. I bet it beats the market (“speculative” enough for me!) over the next 5 years. :beer
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Re: Best Way To Speculate With $2,000?

Post by Shallowpockets »

Truthfully, $2000 is not a lot of money. If it is to you, do not speculate on it. Otherwise what could your 2k really get you?
Let’s say you buy and it goes go up 100%. Then you made 2k. That’s OK. But how long might it take? What you want is your speculation to pay off sooner rather than later, otherwise may as well put it in the S and P 500.
You need to buy enough of a stock, or a volatile stock to make it work. You need something where you can buy 100 shares, a round lot, and then every $1 rise gets you $100. However, stocks at that level ($20) don’t move in dollars, they move in cents.
If you buy 4 share of a higher price stock, let’s say Netflix, you could see some better dollar movement, but since you only have 4 shares the dollar amount won’t be eye popping.
$2000 is not the kind of money for speculation on the normal scale. What you want is WILD speculation. Otherwise you are only parking your money.
Even the meme stocks are not priced low enough for your 2k. Maybe look for a stock under $20/share that may pop on the rebound in the economy off the pandemic. Restaurants, airlines. Still, as I said, %100 gain only gets you another 2k.
And, as I said, if 2k is a lot to you, best not be speculative.
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Re: Best Way To Speculate With $2,000?

Post by Pinotage »

JustGotScammed wrote: Tue Jun 15, 2021 12:55 am On Friday, I will be investing $2,000 speculatively in a security. Any recommendations on the most fundamentally sound speculative investment I can purchase on an exchange or over the counter?
[Snarky comment removed by moderator oldcomputerguy]

OP I think you’ve gotten good advice here on speculative investments, and the “different” fundamentals.

For fun, I’ll take a very different approach. Consider how you could spend $2K on yourself or your spouse exploring a new hobby or something that you’ve been reluctant to indulge in before. Maybe take some expensive lessons or a nicer vacation than you usually do. The speculative part is that yes this is a gamble and you could blow the money, but maybe the experiment lets you find a new passion or something else enriching.
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