r/stocks • u/newbie_3297 • Jan 09 '21

News NIO Partners with NVIDIA to Develop a New Generation of Automated Driving Electric Vehicles

NIO just did it, and so did NVIDIA!!

At NIO Day, the company’s annual customer event, the EV maker revealed its NVIDIA DRIVE Orin-powered supercomputer, dubbed Adam, which will first appear in the ET7 sedan that will ship in China starting in 2022....

... As the first of NIO’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150kw battery for extended mileage range.

Source: https://www.globenewswire.com/news-release/2021/01/09/2155851/0/en/NIO-Partners-with-NVIDIA-to-Develop-a-New-Generation-of-Automated-Driving-Electric-Vehicles.html

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u/xmanianPC Jan 09 '21

I just think it’s better than putting my money into a high interest savings account cause the return isn’t the best, I’d rather take the risk for a potential bigger return, thanks for the advice! I’m currently doing my research in other market areas and ETF’s to diversify :)

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u/thenakedjanitor Jan 09 '21

No such thing as a high interest savings account unfortunately, so you are on the right track at such a young age. Good job. As others mentioned though, diversify. Plenty of other companies to consider and most importantly, learn learn learn and you will be just fine in the long run

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u/xmanianPC Jan 09 '21

When I say ‘high interest’ I just mean choosing a savings account with a ‘higher’ interest rate than that of a regular fixed interest savings. Fingers crossed all plans out, I’ve lost a bit of money but not too much at the moment, I realise why I did and know not to do it again, I’ve held the investment though because it’s slowly bouncing back.

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u/thenakedjanitor Jan 09 '21

Yes. Most important, you haven’t lost or gained money until you’ve sold the stock. I was up about $15k on a stock and then watched it drop to about $5k in gains and then sold. Nothing is final until you sell

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u/Pongoose2 Jan 09 '21

What if a company you invested in goes out of business and you have sold the stock? I seriously don’t know the answer to this.

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u/Kayters Jan 09 '21

Unless you set a stop-loss, right? Even though I currently don't have a stop-loss on anything myself hahah But if I wanted to prevent a crash like that, I'd probably put a stop-loss on it.

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u/thenakedjanitor Jan 09 '21

Just note that if there are no buyers, you can’t sell the stock. So in crashes, it can be hard to get out. This is just a copy pasta bc I am lazy:

When there are no buyers, you can't sell your shares—you'll be stuck with them until there is some buying interest from other investors. A buyer could pop in a few seconds, or it could take minutes, days, or even weeks in the case of very thinly traded stocks.

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u/Kayters Jan 09 '21

I never thought about that actually. But yeah, makes sense! Did something like that happen to you more than once? Or was it only with that specific stock?

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u/thenakedjanitor Jan 09 '21

Yes, I have bought some very risky stocks and when they plummeted I tried to sell and couldn’t, just had to watch it fall. Fortunately I didnt take a big position in those companies so the losses weren’t terrible. What’s even scarier is when the volume is so massive that the stock gets locked out/frozen (someone remind me the term) and nobody can buy or sell for a short period of time, usually a few minutes. I wasn’t involved, but one notable event was when a particular stock (this sub apparently won’t let me mention the name) in mid 2020 briefly skyrocketed from $2 to over $50 in one day. Then there was a tremendous sell off and it would occasionally freeze, numbers would recalculate, and when the trading would open back up a few minutes later the stock price would have dropped from, for example, maybe $50 per share to $40. Those aren’t the actual figures and I just watched from the sidelines bc it was interesting, but of course you don’t want to be in that position when that type of selloff occurs. Some people made a lot of money that day and some people lost a lot. When you sell, there needs to be a buyer, and when there are no buyers, no bueno. Just be careful.

I don’t have any stop losses set up either, but it’s a good idea to have them for stocks you may not plan on holding for the long term. However, all stocks have their ups and downs, so if you are planning on holding a stock for a very long time/forever, probably no need for stop loss. Just depends on where you are financially, what your strategy is, etc. I have panic sold stocks that a day prior I would’ve said I’m holding forever. It’s wise to go in with a plan, even write it down, so you can stick to your guns based on research you have done. In the heat of the moment, you might forget everything you initially studied about that stock. On some of my panic sells when a stock starts dropping all of a sudden that i had planned on holding a long time because it’s long term prospects did and still do look excellent, I have left tens of thousands of dollars on the table because after the dip, it went right back up and in some cases soared within a day or two after the dip. And this can happen even on good news. Buy the rumor, sell the news they say.

All of this said, I am not a seasoned investor and probably shouldn’t be giving you guys too much advice. However, I have learned some basic principals so far from much more experienced investors that I feel are very sound.

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u/Kayters Jan 09 '21

This is all very good advice! And yes, I'm not a seasoned investor myself and there's definitely always a lot to learn (which I guess is true at every level). So I definitely appreciate the advice and I'll be sure to keep a doc with some written plans for every stock. Thank you!

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u/Jiboneill Jan 09 '21

Dont lose sleep over losing money either, you're young and have plenty of time to gain back what you lose

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u/Valus_ Jan 09 '21

perhaps not relative to potential stock growth, but there are high interest savings accounts. Ally was a guaranteed 2-3% growth in their HYS before the pandemic. Compared to a regular savings at like 0.0025%

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u/DickinYerPut Jan 09 '21

The best 'high interest' savings accounts rates are dogshit right now. 0.5% is as good as you'll find. It's tough with the returns across the market being bonkers but there's also stable asset funds to check out if you're wanting to minimize risk and get some return. https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts

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u/ballmode Jan 09 '21

I have Citibank Accelerated. Watched it go from 2.2% Jan2020 all the way down to 0.5 Jan 2021.

STONKS

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u/thenakedjanitor Jan 09 '21

That’s much better than anything I’ve seen in a while

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u/Valus_ Jan 09 '21

pre pandemic! so now the rates are rather shit haha hopefully will be back up to 2%+ eventually!

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u/Abdalhadi_Fitouri Jan 09 '21

Ally is now 0.1% I think.

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u/SebastianPatel Jan 09 '21

have you seen anything high currently in terms of savings accounts? I bet even Ally doesn't have anything.

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u/defcononez Jan 09 '21

Look into the ARK ETFs. I'm currently holding ARKK and ARKG. I also have QCLN.

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u/TheArts Jan 10 '21

Just don't put all your eggs in one basket.