-OZ-
Footballguy
Remind me - how big a part of your total portfolio is this?
There's no way I'm going that much cash unless it's in my trading account only (<5%)
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Stock Thread (20 Viewers)
- Thread starter St. Louis Bob
- Start date
There's no way I'm going that much cash unless it's in my trading account only (<5%)
-OZ-
Footballguy
Todem
Footballguy
ghostguy123
Footballguy
I will just throw out total numbers. Whatever. I'm not shy.
My 403b is about 300k, all in total stock market index funds.
My Roth is 9k, just opened it a few months ago. 1/3 is deployed into a chunk of the Todem master list.
My brokerage is about 47k. About 42k cash.
I also have two rental properties, one paid off worth about 70k, the other I have about 40% equity, and it is worth about 80k.
If my dumb ### knew ANYTHING about stocks prior to COVID, or if I began following this thread a month or so sooner, that brokerage and roth should easily be double what it is right now.
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-OZ-
Footballguy
Sounds like you're doing well.
Rentals are the thing I can't get my wife into. And I don't really feel like doing it without her on board.
Hot damn. What happened at the end of the day? I was just playing with that and OPES and up $1500 now. I didn’t even start buying at great points and missed my limit order for more FMCI on Friday. Should have just bought it at $11.40 to lower my cost basis.FMCI!
GB these SPACs.
We can only hope the RHs got involved. That one analyst mentioned mid 20s. If that end of day volume means anything, might dump it way before the changeover.
caustic
Footballguy
I guess Tobin Smith went on Fox Business and called it the next NKLA. RH interest kind of petered out once the target company was announced, let’s hope this gets them back on board.
This is nothing new. Pension funds have been steadily increasing investments in alternative investement asset classes since the financial crisis in 08. They need higher returns to meet their (unrealistic) statutory benefits. Its good in theory if you have the expertise to pick the right companies/funds and oversight on the decision making process. I've seen up close how that can go wrong.
ghostguy123
Footballguy
My wife is on board, but outside of a select few different occasions she doesnt have anything to do with any of the rentals.
ghostguy123
Footballguy
Maybe this was discussed but what are these and how do I make cheddar on them?FMCI!
GB these SPACs.
Zegras11
Footballguy
I have a RE client that wants in badly and his wife won't commit. He worked for a guy servicing pools for a few years, then opened up his own company 4.5 years ago. Took off two years ago and he's making $200k+ per year. Has a ton of cash stashed and getting hammered on taxes. He wants to so badly. Wife won't even sit down for a dinner and talk about it. I just hit $2mil in equity. Will be 3 in 6-7 years. Took 20 years to get there. Maybe a few hours of time each month.
They are stocks of basically an acquisition fund. They find a private company and make an agreement to merge if you will. On the official date, the stock will change and basically become the ticker for the private company who’s now public. I think it’s an easier and maybe less costly way to go public. If you buy early you get a nice bump. That said, no idea what happens if they don’t find a target.
ghostguy123
Footballguy
Cruise lines are going to get hammered tomorrow and dropping huge in after hours on the news that they wont be cruising until at least October.
Did anyone think cruises would be cruising before October???? I was thinking not till 2021 at the earliest.
I wonder what was already priced in.
Edit. Apparently a day early on PLAY. Oh well.
Did anyone think cruises would be cruising before October???? I was thinking not till 2021 at the earliest.
I wonder what was already priced in.
Edit. Apparently a day early on PLAY. Oh well.
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Not everything is truly priced in. It’s one reason why I think there could easily be a dip in Late July/August when the actual Q2 numbers come out. Yes, it’s supposedly going to be ignored but if everything isn’t fully back to normal some of those shocking results could hit harder as people realize that it might not be a V shaped recovery. Again, part of the reason that I’m sticking with stocks that I believe will be worth way more in the future. I don’t really want to own something (outside of 401k funds) I would have never wanted pre-CV.
-OZ-
Footballguy
Cruises are the one thing I've completely avoided. Won't go on one, won't invest in the business directly (I'm sure I have some in broad indexes)
caustic
Footballguy
My understanding is that if they don’t find a target, the SPAC is dissolved and money is returned to shareholders (usually $10/share). The warrants become worthless. So if you get in near $10 there’s very limited downside, but you have to worry about opportunity cost since a lot of SPACs never find a company to acquire.
Also, there is absolutely something illegal going on here.
https://www.marketwatch.com/story/urban-ones-stock-rockets-on-heavy-volume-again-hits-16-year-high-intraday-2020-06-16?siteid=yhoof2&yptr=yahoo
UONE stock. Only news was that an investment company sold all the shares they own in them. Basically a worthless stock up about 30x in a few days.
https://www.marketwatch.com/story/urban-ones-stock-rockets-on-heavy-volume-again-hits-16-year-high-intraday-2020-06-16?siteid=yhoof2&yptr=yahoo
UONE stock. Only news was that an investment company sold all the shares they own in them. Basically a worthless stock up about 30x in a few days.
Sand
Footballguy
Not really. Even with those comments we seem to be drifting up at the moment. I needed a bit more equity exposure, anyway. And getting in right before a 2% up day ain't a bad start.
Of course, I wish I had 0 long bonds today. Woof.
Sounds like Brit's have a study that shows a common drug drastically reduces fatality rate.
https://www.bbc.com/news/health-53061281
https://www.bbc.com/news/health-53061281
-OZ-
Footballguy
I'm only in BND (and the G and F funds), which hasn't been bad at all.
What happened with the long bonds?
Damn, I wish we could finish that phase 3 trial for Leronlimab soon. That steroid is nice and does help but it would be even nicer to have something that comes closer to eliminating deaths. 70% and 80% of people on ventilators and oxygen who would have died, still died. It’s good, but it’s not close to a cure. C’mon CYDY, get it done.
One account.Total portfolio or of one account?
For one account, sure. If this is your total portfolio, that's way too much in individual stocks and VNQ.
My total portfolio:
350k in 2045 tsp target retirement
90k in roth ira (vtivx)
180k in brokerage
-130k in VTI
-50k in VNQ
70k cash (what I'm wanting to invest)
6 months emergency fund in high interest savings account
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McBokonon
Footballguy
Seems like it would almost be derelict if they didn’t take advantage of the huge run-up. Only down a few bucks, probably prudent.
sporthenry
Footballguy
I'm sure it's in sympathy to the cruises and DKNG. Granted I'm still underwater on my cruise shorts but they honestly seemed like the most obvious one. Even if they did cruises over the summer, it's not going to be a lot and hugely profitable. But I wrote a few weeks ago that folks don't seem to understand enterprise value in the market. Cooperman said the same things on airlines. By issuing billions of debt and equity, historical stock prices are fairly irrelevant. At NCLH's recent peak price of $26.86, it's enterprise value was only down ~25% and that is netting out cash. They said they had ~1.5 years of cash. If you assume they burn ~year of cash with no cruises, their enterprise value was only down ~10%. Still seems like room for the RH crew to get burned.
I bought PPL after this endorsement. I see that it is up 30% after hours (and PM up 20%). Are these head fakes or real moves? I usually put very little credence in after hour moves so I’m skeptical but I want to be happy.
sporthenry
Footballguy
Not sure where you're seeing PM up 20%. PPL now looks like it's only up 1%. I do see a blip (up 30%) that was likely a fat finger or something off. I don't know if shares actually need to be traded AH to show up like that but may have just been someone threw in a ridiculous sell limit and market was only one sided. Be surprised if any shares traded at that price.
You sure you are reading those right? First, it would have to be some serious news to move those in a day. Second, looks to me like PPL is up 0.96% after hours and PM is down -0.20%. No Chinese or bankrupt stocks here.
Sand
Footballguy
Man, if PPL was up 30% in a day I'd faint. That means everything else in the market is up 80%. Utilities just don't move that much.
No complaints. I have a pile of PPL now and am really loving that dividend.
Sand
Footballguy
Down 1.5% today. Rates on the long end have been pretty volatile and long bonds are incredibly oversold right now. I'm about split between long and intermediate bonds, so catch only half the pain on that one.
D_House
Footballguy
Looks like your current set up is a nice simple Boglehead-style 4 fund portfolio with a REIT ETF as your 4th fund. Relative to the total market you are overweight in US stocks and real estate. My only suggestion I’d make there is trying to make future VNQ purchases in your Roth for improved tax efficiency.
What’s your goal with the new investments you want to make? Your plan is an interesting mix of conservative picks (VIG), tech slice (QQQ), a couple stock picks, and more REIT, but I’m not sure what it’s adding to your portfolio other than complexity.
JoeSteeler
Footballguy
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OPES and FMCI running a bit in AH. Hopefully another big day tomorrow. Would be nice to have to make the sell decision early due to a huge jump!
The General
Footballguy
PPL in the after hours chart I look at (yahoo) shows the stock $27.18 at close. At 6:05 the stock went up to $35.62, then ended the after hours at 27.44.
I see these crazy spikes occasionally in all kinds of stocks in the after hours market.
No clue how that works but there's no way people were able to sell at that crazy inflated price, right?
The Ref
Footballguy
I’ve had a $100 deposit down on thanksgiving week since Christmas last year and I haven’t even considered The possibility that we would still be going for more than 2 seconds.
Thanks! My 401(k) is 85% traditional and 15% roth 401(k). My contributions are going to the Roth side to bring some balance.
Just wanting to earn money in a relatively low risk manner. Might use money for house improvements later this year.
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sporthenry
Footballguy
I doubt it. When I looked at Yahoo and Google's AH prices, it appears to just be mids of Fidelity's bid/ask spread. I haven't done much AH trading so someone could speak more but volume, especially in a stock like that is probably minimal. So I'd guess, there were any sellers so someone's off market sell order was shown as the ask side. I'm sure on occasion a few shares trade at abnormal prices but I'd be it's difficult to get executed on and HFT are probably all over it.
sporthenry
Footballguy
Are you just running something like a 40/60? I just can't bring myself to invest in bonds, esp the long-end? Know it's been profitable but how much further can it run? NIRP is the last-resort. To your point, the Fed will buy equities before they run NIRP.
McBokonon
Footballguy
ROKU popped nicely today. The innerwebs say there was a rumor floating around that Google was interested in buying it. I see no indication that it’s true whatsoever but thanks for the 12% today.
Chaz McNulty
Footballguy
If Leronlimab cannot do better than this, then I don't think it was really all that viable. This would have saved 5000 of the 41000 lives lost to Covid-19 in England. It's a start, but not near good enough to stop business shutdowns and the like if a 2nd wave hits.
Dr Bruce Patterson on Ted talk tomorrow.
CR69
Footballguy
It’s pure price manipulation. Has to be gaming, i.e. buying and selling collusion to push the stock enough to pull in others and get out before it crumbles. 3-4 million really early shares and it went up $20+. Early buyers made millions.
CR69
Footballguy
Look at the price difference between UONE and UONEK. Looks like the only difference is voting rights a la GOOG/GOOGL.
Crazy. UONEK is way up AH and the other is down because the prices completely disconnected during the day.
