identikit
Footballguy
It's up 1.86% after hours
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Stock Thread (4 Viewers)
- Thread starter St. Louis Bob
- Start date
It's up 1.86% after hours
McBokonon
Footballguy
You selling out of it? I don’t own it but I was curious and it seems like there’s a lot of “ifs” in this deal with VW that are currently being interpreted as “definitely.”
ETA: The 40-50% premarket pop fading after the open. This thing will probably be right back where it was in a couple months.
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General Malaise
Footballguy
Would it be okay if we took just a moment to appreciate the behemoth that is AAPL? Man.....
Really enjoying the jump from Amazon. Might be a breakout so hopefully it keeps running. Sold some to pay for half of our lake lot, where we plan to semi-retire (working but where we want to retire). Took out a HELOC so I didn’t have to sell anything and while the interest rates suck, it was a great call. Everything has gone up way more. Our biggest holding is Amazon, which was just over $100 when we closed on the lot. Basically paid for the lot just by not selling low. So glad about that.
Bossman
Footballguy
AMZN having a good go of it as well ... got me plenty of this one already thankfully.
odin33
Footballguy
Can anyone recommend articles, books, podcasts, folks to follow for a rookie? (Sorry I did not read through the 1573 pages.) Finally at the point in my life where I have some options and while I'll use some sort of financial advisor for retirement planning and whatnot, having a little disposable income to mess with seems right up my alley. TIA
Bossman
Footballguy
I'm sure there is a "stock trading for dummies" or similar ... not that I could recommend anything.
I do suggest you start with choosing a broker depending on what you're looking to do...
IMO, (I'm not even close to an expert) ... Vanguard is good for low fees and index funds / ETF's ... where you would park your money and forget about it.
Etrade is better if you want to gamble / day trade.
From there you would research stocks / funds that might interest you ... or just follow @Todem in this thread for advice. 50% of the time, he's right every time.
SFBayDuck
Footballguy
It really depends on what you are specifically interested in and what your goals are. Long term investing or short term trading? Individual stocks or ETFs? FIRE or stacking tendies to stick it to the man?
I'm focused on the financial independence side of things as I simultaneously work to retire in the next couple of years and have a kid/nephews in their 20s that I'm trying to educate, so my suggestions will slant heavily that way. I'm sure some others can chime in with ideas more focused specifically on stock investing. But as you specifically referenced "some sort of financial advisor for retirement planning", I'd highly recommend educating yourself on that area so you can know what to both look for and look out for.
For books, some good basics that can set a nice foundation for you:
Psychology of Money (my #1 recommendation)
Simple Path to Wealth (this one is still in my Audible queue, but I have heard the author interviewed on multiple podcasts so understand the gist, and it is very much beginner focused)
Just Keep Buying
I posted the below list of podcasts in the personal finance thread a few months back. Since then I'd add Risk Parity Radio as a great deep dive into an enlightening take on asset allocation (although he is quirky and annoying to some), and Catching up to FI has some good stuff and is focused on those coming to the saving/investing game later in life. A lot of people really like Stacking Benjamins, it wasn't my thing.
odin33
Footballguy
Thanks guys. A little more to help guide suggestions (also following I want to retire thread so some of this may be a mix):
- Through some gifts from relatives and inheritance we have an account set up at Schwab where these funds sit.
- Good friends connected us with a financial advisor at Edward Jones (gone to cookouts together a few times, good people and do feel they'd have my best intentions). Had initial meeting to go over things and put together a budget a few years ago before most of the inheritance happened. Coordinating schedules for another meeting.
- We're mid 40s, two kids (16, 13), wife took a decade out of professional world to raise kids so 401k's are light for someone of our age.
- Both professionally employed now making good money (low end FBG $), mortgage at sub 4%, CC debt free (finally), the rest is pretty normal stuff.
Not looking to day trade- don't have the time or intestinal fortitude, rather make smart investments with occasional changes vs. a set it and forget it (up until recently there really wasn't much $ to worry about).
- Through some gifts from relatives and inheritance we have an account set up at Schwab where these funds sit.
- Good friends connected us with a financial advisor at Edward Jones (gone to cookouts together a few times, good people and do feel they'd have my best intentions). Had initial meeting to go over things and put together a budget a few years ago before most of the inheritance happened. Coordinating schedules for another meeting.
- We're mid 40s, two kids (16, 13), wife took a decade out of professional world to raise kids so 401k's are light for someone of our age.
- Both professionally employed now making good money (low end FBG $), mortgage at sub 4%, CC debt free (finally), the rest is pretty normal stuff.
Not looking to day trade- don't have the time or intestinal fortitude, rather make smart investments with occasional changes vs. a set it and forget it (up until recently there really wasn't much $ to worry about).
Peggy
Footballguy
All About Asset Allocation by Richard Ferri.
Bossman
Footballguy
I would never suggest someone not educating themselves, definitely do it. Understand what you're doing before you move forward.
... but it sounds to me like you might just want to park that money in a few good index funds vs trying to play the market.
I'm not sure if Schwab has their own ETF's but I'm using Vangurds VGT (Information and Technology) ... So it includes stocks such as AAPL, NVDA, MSFT, etc.
The other that I'd recommend is Vanguard VCR (Consumer Goods) ... AMZN, TSLA, Home Depot, Lowes, McDonalds, etc.
This has been fantastic for me as "set it and forget it" investments. I feel like the fund managers do all the work, buying low and selling high, while I sit ignorant, fat, and happy.
Investing in individual stocks does give you a chance at the "wow" factor when a stock like NVDA or AMZN has a run ... but be aware they can be fickle and more of a roller coaster.
Desert_Power
Footballguy
I think your focus probably needs to be on understanding the options with the inheritance funds and making sure you are putting as much as possible in the 401k bucket.
Fee advisors are always recommended over ones with an AUM fee. When you meet with the EJ guy I would ask him questions like: Are you a fiduciary, which certifications do you have, and what are the fees on the funds you have access to. Fees are the great killer of returns and I'm not sure to what extent advisors push fees with big front-end loads these days.
This is all stuff you can learn yourself, but I can see how an advisor could help you. Navigating college expenses and making sure all of the gift/inheritance is being handled well from a tax perspective are the items you might need help with.
Personal Finance or Retire Soon threads may be more helpful.
ConstruxBoy
Kate's Daddy
My parents bought me that for my 16th birthday. I loved it.
McBokonon
Footballguy
Love my parents but they did not give me or show me good financial advice. Really wish they had, I’d be retired already! A little bit of luck and wife going back to work after around a dozen years raising the boys really accelerated things. I feel way more educated on financial stuff now than I was in my 20s/30s and maybe even early 40s.
I think I’ve got my boys in way better shape already but I’ll watch them carefully. I will recommend Fidelity because it’s nice that I still have parent level access and can see where they all are and only the oldest is in the real world. I’m helping him shop for a car now as the one his papa gave him (got cancer and couldn’t drive anymore) has about 170k miles on it now. He just got a promotion after 1 year (very proud) and we talked about the cost and range and a good car that will last 10 years. He got another raise earlier so his raises cover his rent, car payment and student loans so he’s saving well and getting his full match in his Roth 401k. I made him do Roth while single and before he’s making bank and wanting pre-tax. Other two have 3-5 years till real world so I’m just glad they are working and building up savings. Oldest will very likely be an ETF type person and the other two are really interested in investing in stocks.
Desert_Power
Footballguy
I've posted it before, but my parents took Dave Ramsey's Financial Peace University when I was in middle school. A lot of over simplified or other silly things in Dave Ramsey's course, but the math on compound interest was a pure mind blown moment.
I still remember it clearly. Sitting in that church room realizing how I was going to be a millionaire one day if I just saved enough during my 20s.
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Yep. I think all my boys already get that and we’ve talked about just getting going early. It has definitely helped my oldest when we sat down and went through his expected budget before he started his first job last June. Also helps to be in a house with 2 HS friends (in Raleigh) with a reasonable rent!
General Malaise
Footballguy
Books I recommend:
Money Masters by John Train - Timeless classic. Get inside the mind of some of the best who ever did it, including Warren Buffett, Benjamin Graham and John Templeton. Gold standard of investment books, IMO.
The Money Game by 'Adam Smith' - This book is a humorous read start to finish.
Market Wizards by Jack D. Schwager - Interviews with top money managers looking to find commonality for their success. In short, solid methodology + proper mental attitude = trading success.
Solid start here, IMO.
Money Masters by John Train - Timeless classic. Get inside the mind of some of the best who ever did it, including Warren Buffett, Benjamin Graham and John Templeton. Gold standard of investment books, IMO.
The Money Game by 'Adam Smith' - This book is a humorous read start to finish.
Market Wizards by Jack D. Schwager - Interviews with top money managers looking to find commonality for their success. In short, solid methodology + proper mental attitude = trading success.
Solid start here, IMO.
General Malaise
Footballguy
Capella
Footballguy
I never read anything. One day my very wealthy uncle called me into his office and said how do you think I got so rich? I said, well you are a very successful lawyer. He said no, compound interest. Then he laid it all for me what to do and I’ve been going at it ever since. Extremely lucky to have that man in my life, I’d never be doing this if it weren’t for him.
As an aside, he’s getting older now, last time we had dinner I asked if he recalled that conversation. And he said he couldn’t anymore. :(
As an aside, he’s getting older now, last time we had dinner I asked if he recalled that conversation. And he said he couldn’t anymore. :(
Desert_Power
Footballguy
The duality of time in one post.
ConstruxBoy
Kate's Daddy
Funny you mention these. A few years back I read some analyst say that well there is no "free lunch", you can get close by putting half your money in VGT and the other half in VDC (Consumer Staples) and do pretty well. It misses some of the tech heavy top periods, but buffers the down periods with the Staples.
Desert_Power
Footballguy
$WBA oof
Desert_Power
Footballguy
Curious why you like CVS relative to WBA. I've never really dived into either company but my perception, as a customer, is that Walgreen's are much higher quality stores.
Bossman
Footballguy
Also you will need a Reddit account to make sure you're on board with the next meme stock.
#nonotreally
metoo
Footballguy
Because CVS(Caremark) is the largest PBM. Walgreen's(Prime Therapeutics) is 6th.
Top PBMs by 2023 market share
"Discover the top pharmacy benefit managers of 2023, with CVS Caremark, Express Scripts, and OptumRX managing 79% of all prescription claims. Find out more in D
McBokonon
Footballguy
I don't. But some here do. I guess the differentiator might be Aetna and the PBM side of the business that CVS has. But I have zero interest in either, personally (I used to own CVS many moons ago.)
ETA: But Walgreens is just independently awful and them being awful again should not be an indictment of pharmacies as a whole. Be like bashing NVDA because Intel was awful again.
Bossman
Footballguy
massraider
Footballguy
Hedge funds “aggressively” selling tech stocks like never before.According to Goldman Sachs, net selling in the U.S tech sector is on track to be the largest on record in June, going back in data since 2017.
Tech sector now makes up 33% of the S&P 500.
Highest in nearly 24 years.
Just shy of the 35% record from the dotcom era.
Incredible
x.com
x.com
FreeBaGeL
Footballguy
According to Goldman Sachs, net selling in the U.S tech sector is on track to be the largest on record in June, going back in data since 2017.
Tech sector now makes up 33% of the S&P 500.
Highest in nearly 24 years.
Just shy of the 35% record from the dotcom era.
Incredible
x.com
Does this mean anything? Correlating that chart to tech stock performance seems to not say much. Most of the time the big sell bars are followed right up by big buy bars. In many cases the huge sell bars directly preceded huge run-ups in tech share prices, and huge buy bars preceded huge dumps.
The last time there was a big selloff of tech almost as large as this was the start of the year. At that time NVDA was $44/share, AAPL $180, AMZN $145, Meta $350.
Bossman
Footballguy
Ah yes, ... those were the good 'ol days.
If we could only go back and do it all over again.
FreeBaGeL
Footballguy
Or, more familiar to us here, bashing Meta (or even the entire market!) because SNAP was awful.
SFBayDuck
Footballguy
Did you?
General Malaise
Footballguy
No. I lack the balls to short stocks as a strategy. I just redeployed the cash from the sale into NVDA and NICE. I envision NKE being in a range from $90 to $100 for a while.
General Malaise
Footballguy
Lol, forgot it was their earnings' day. Oooooooops. Glad I'm out of this one!
General Malaise
Footballguy
Egad, Nike.
FreeBaGeL
Footballguy
Capella
Footballguy
Golllllllllllly
Maybe I can get some Forces at a discount now lol (very comfortable shoes!!)
Bossman
Footballguy
NVDA / NVDU looking good early today *no jinx*.
... I guess Wall Street people didn't watch the debate of our presidential choices last night?
Everything is Fine
The FBG thread about the debate was very fun while it lasted. Most did not approve of either of our choices.
I think the only thing these disapproving people can do now is vote for a vice president.
... and unfortunately some sharks can't help themselves with talking deep politics and got the thread shut down.
McBokonon
Footballguy
I haven't paid attention to NKE in years. Was their report really bad enough to arrant 15-20% down?
General Malaise
Footballguy
I haven't paid attention to NKE in years. Was their report really bad enough to arrant 15-20% down?
It's not great Bob.
IMHO, yes. Without remembering the exact numbers, I think the gist was that their revenues would be negative instead of slightly positive.I haven't paid attention to NKE in years. Was their report really bad enough to arrant 15-20% down?
It may be early, but this feels like Cisco or Intel, they’ll still be significant in terms of revenue and market but they are losing all their growth to these new shoe companies. My middle son and youngest sons wore Nikes since they were born and now in HS and college, both of their last sneaker purchases were Hokas. Wife has been wearing those for years now to work out.
For them to have negative growth when all these upstarts are growing like weeds just means they are losing market share faster than they can grow.
ConstruxBoy
Kate's Daddy
Stop yelling at us, Dad.
