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Stock Thread (29 Viewers)

Took a position in DPHC (SPAC merging with Lordstown Motors) at $12.13.  Friend of mine who is an evangelist/blogger in the electric vehicle industry was talking about Lordstown Motors the other day, and said of the three taking the SPAC route (Nikkola and Fisker being the others) Lordstown seems the most solid with an actual factory and truck under development.

Already dipped a toe in NKLA last week, looking to build out a few positions in EVs, renewable energy, solar, etc.  

 
-OZ- said:
Cheering for you.

Only 15,000 shares here. So $67. But 4 years at Vanderbilt would only require like $15/share.
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Good point. That's not too unrealistic. I'm going to try my darndest to just keep holding unless there is terrible news. Unless there are some sketchy T trades later, looks like a decent close at .621 (yes it is red 22-23% but it finished well and held onto support in the mid 50's).  

 
Today wasn’t pretty, but at this point I am $6 worse off than I was 48 hours ago. Will be looking to trim the loss on ETHE and buy into some more TMF next week. 

 
NajehHejan said:
Good point. That's not too unrealistic. I'm going to try my darndest to just keep holding unless there is terrible news. Unless there are some sketchy T trades later, looks like a decent close at .621 (yes it is red 22-23% but it finished well and held onto support in the mid 50's).  
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I think it would be tough.  RFLTF at $15/sh would make it a $31.5 billion company.   They have 2.1 billion shares outstanding.  

 
beef said:
I think it would be tough.  RFLTF at $15/sh would make it a $31.5 billion company.   They have 2.1 billion shares outstanding.  
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Yeah, I'm not being serious here.

It would take a significant breakthrough in COVID treatment for it to happen soon.

But another CYDY, just to it's current level, would be great.

 
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SFBayDuck said:
Took a position in DPHC (SPAC merging with Lordstown Motors) at $12.13.  Friend of mine who is an evangelist/blogger in the electric vehicle industry was talking about Lordstown Motors the other day, and said of the three taking the SPAC route (Nikkola and Fisker being the others) Lordstown seems the most solid with an actual factory and truck under development.

Already dipped a toe in NKLA last week, looking to build out a few positions in EVs, renewable energy, solar, etc.  
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If you buy DPHCU you get a share of the stock and a 1/3 a warrant exercisable at $11.50.

 
-OZ- said:
Yeah, I'm not being serious here.

It would take a significant breakthrough in COVID treatment for it to happen soon.

But another CYDY, just to it's current level, would be great.
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If it goes to CYDY levels we will just want more, and then complain when it goes down from $5.50 to $5 after starting at $0.5.

 
Bro.b news...

Berkshire Hathaway announced on Saturday it bought back some of its own shares during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate. 

The company said it repurchased a total of $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6 billion of its Class B stock and about $486.6 million in Class A shares.

Those buybacks come during a tough period for some of Berkshire’s wholly owned businesses as the pandemic thwarted economic activity in the U.S. and across the globe. 

On an operating basis, Berkshire Hathaway lost $23.29 billion in the second quarter, the company’s latest quarterly report revealed. 

Investors and analysts were bracing for the possibility of Berkshire reporting a strong net income along with weaker operating results. 

Berkshire is heavily invested in several companies that have rallied since the broader stock market bottomed in late March. Apple — Berkshire’s biggest common stock holding — has nearly doubled since March 23. JPMorgan Chase is up more than 27% over that time period and Amazon has popped more than 66%.

These public-market gains are expected to have driven Berkshire’s net income to record levels. However, Berkshire’s operating results may not be nearly as impressive. 

Berkshire Hathaway owns railroad company BNSF, which could have taken a strong hit from the coronavirus pandemic as much of the economy struggles to reopen. Berkshire’s apparel companies are likely to have struggled during the second quarter as well.
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Current Holdings in order of total value

MAR - My favorite of the "value/epicenter" stocks...still making revenue, best of breed, very well run and will emerge with greater market share...this is a long hold.  You'll see the price back to pre-pandemic levels some time in 2021 with pops as vaccine, good virus news emerges.  I have a lot of money in this.

DKNG - I'm up big as I got in at 19 so I'm holding for tax reasons...my biggest winner of the year, took some substantial profits around 40.  There is some long appeal as I believe they are head and shoulders ahead of the competition on several levels, but most importantly in branding and strategy.

SQ - Former client of mine, so I know them very well.  They have no direct competitors and recent earnings spike is a sign of things to come IMHO.  I've made boatloads over the past few years so a sentimental favorite.  

TDOC - I bought on the dip and after the LVGO acquisition.  Potential disruptor in a vertical that shouldn't be overly impacted by the election, and are actually likely benefactors of a liberal regime.

SLV - was on this weeks ago, prior to my FBG politics thread ban, and wanted to tip you guys off but couldn't.  I'm up 30% and my third biggest winner on the year total dollars wise.

BTC - Not a huge position but up enough to post about it...might be more of a swing trade...so much easier to buy this stuff on RH than using coinbase and all of that crap.

Stocks I'm paying close attention to that could be on my buy list

BERK - I'd gamble that a lot of their holdings recover as we get closer to a vaccine

Financials (BAC, JPM, WFC, GS) - value type trades, I'm still deciphering the macro factors and the impact on future valuations, but these are good companies that haven't popped back.

OKTA - this is my professional space so I know them very well, they are best in breed.  I see this as a long play...price has been a bit inflated but still an easy long hold.   I've made quite a bit of money on this one the past few years so another sentimental favorite.

 
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TripItUp said:
Current Holdings in order of total value

OKTA - this is my professional space so I know them very well, they are best in breed.  I see this as a long play...price has been a bit inflated but still an easy long hold.   I've made quite a bit of money on this one the past few years so another sentimental favorite.
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What are your professional thoughts on PANW?

 
Gawain said:
I have 21-26 years until retirement. If it was just my wife and I, we could probably go earlier. With three kids I figure I will likely be working until school loans are paid.
Wonder if anyone has any suggestions towards allocations as we wait for Monday to bring more st0nks up.

Formatting blows. Thought is when I can get the IP and PSA called away, I'll just put that into the QQQ&IWM, Three months ago precious metals were less than 6%, it's been a good few months.

Name % of Acct
FIDELITY 500 INDEX FUND 27%
FIDELITY EXTENDED MARKET INDEX FUND 19%
FIDELITY INTERNATL INDEX FUND 9%
FIDELITY REAL ESTATE INVESTMENT 8%
PRECIOUS METALS 7%
FIDELITY HIGH YIELD FACTOR ETF 5%
INTERNATIONAL PAPER CO COM USD1.00 4%
FIDELITY ZERO TOTAL MARKET INDEX 4%
PUBLIC STORAGE COM USD0.10 4%
CASH 3%
FIDELITY TOTAL MARKET INDEX FUND 3%
FIDELITY SMALL CAP INDEX FUND 1%
UNITED STATES TREAS BILLS ZERO CPN 0.00000% 08/13/2020 1%
US BOND FUND TRP 1%
VERIZON COMMUNICATIONS INC 1%
GLAXOSMITHKLINE ADR REP TWO ORD 1%
TJX COMPANIES INC 0%
MENE INC SUB VTG CLASS B ISIN #CA58680T1012 0%
INVESCO QQQ TR UNIT SER 1 0%
CYTODYN INC COM USD0.001 0%
FIDELITY GOVERNMENT MONEY MARKET 0%
ISHARES RUSSELL 2000 ETF 0%
WALT DISNEY CO 0%
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So, Cash+PM is 10%, Bonds 7%, International 9%, Real Estate 8% and stocks 66%, heavily slanted to S&P / Rus2K

 
Gawain said:
So, Cash+PM is 10%, Bonds 7%, International 9%, Real Estate 8% and stocks 66%, heavily slanted to S&P / Rus2K
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I think that looks pretty good. My thoughts, FWIW:

- agree about IP but PSA is a pretty good stock. Might be worth keeping. 

- 21-26 years is a loooooong time from now. You probably could be more aggressive. 17% in safe (Cash, PM and Bonds) investments is a lot, esp with rates so low and not earning much. I might move some of that 17% into more aggressive things. Or if you want some more diversity but still some defense, maybe a Utilities fund. 

- Over your time frame it's likely that the out of favor portions of the market (international and small cap) come back into favor. Your international seems fine to me but maybe add a little more small cap. The Total Market fund is sort of already covered by the 500, extended market and small cap funds. Maybe move that into IWM or the Small Cap fund. 

- I like the QQQ idea. 

All of this depends on your risk tolerance of course. If you're going to be worried by getting closer to 75-80% in stocks, then don't do it. You need to have a plan that lets you sleep at night. It's just that your risk capacity in terms of time allows you to be more aggressive. 

Good luck. 

 
Some of us have pretty complicated portfolios. 

Are your spouses actively involved as well? 

If not, do you have instructions/advice to your spouse on how to handle things if you become incapacitated?

Warren Buffet has famously said (page 20) that he advises his heirs to transfer his cash holdings to a 90:10 S&P index:short term bond portfolio upon his death.

Oh, and unrelated, from the WSJ: When Day Traders Do Well, It’s Probably Just Luck

 
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D_House said:
Some of us have pretty complicated portfolios. 

Are your spouses actively involved as well? 

If not, do you have instructions/advice to your spouse on how to handle things if you become incapacitated?

Warren Buffet has famously said (page 20) that he advises his heirs to transfer his cash holdings to a 90:10 S&P index:short term bond portfolio upon his death.

Oh, and unrelated, from the WSJ: When Day Traders Do Well, It’s Probably Just Luck
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I’ve told my wife to keep our mutual funds the same and keep amazon. Everything else I have is a sell and buy amazon with. I’ve also told my best friend and he is a stonks guy and would know how to advise her. 
 

my wife has no concept of what we have. I’ve also left detailed notes in an envelope just in case. 

 
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Capella said:
I’ve told my wife to keep our mutual funds the same and keep amazon. Everything else I have is a sell and buy amazon with. I’ve also told my best friend and he is a stonks guy and would know how to advise her. 
 

my wife has no concept of what we have. I’ve also left detailed notes in an envelope just in case. 
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I need to do this. Wife manages bills, I manage investments. We should cross train. :)

 
ConstruxBoy said:
I need to do this. Wife manages bills, I manage investments. We should cross train. :)
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I pretty much handle everything financially. I need to do a better job of making sure she’s aware but she’s not quite a great saver. I’m the one that sets her 401k to max. She’s gotten better, like this summer paying for Hilton Head trip, which ain’t cheap anymore, and the 50% deposit for next year. I kind of don’t fill her in knowing I might save more that way. Not a good idea now that I’m not a spring chicken anymore.

 
Probably better for other thread, but parents should really max their roth IRAs every year.  Besides the obvious retirement benefits, you can also use it penalty free for tuition assistance.

 
ConstruxBoy said:
I need to do this. Wife manages bills, I manage investments. We should cross train. :)
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The bills are easy enough.  If you miss one they will let you know.  The investments are far more important and I need to leave more detailed instructions as well because my wife wouldn't even know where to start.

 
Bossman said:
I ended the day up $400 selling these $15 KODK puts. 

Also up $1200 yesterday selling $5 KNDI puts. Likely wont be so much after we open today though as the stock price is dropping a bit in pre-market.

I plan to let these both expire Aug 21 though and take the full premium ($4050) ... assuming they stay above $15 and $5 strike respectively.

Government contract w/funding for KODK ... seem like a pretty safe play at $15.

KNDI to export their cheap little electric cars to the US. $5 seems reasonable. 

... and I'm still about .45 away from breaking even on NERV after having a bazillion shares put to me. 
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Buckle up for KODK tomorrow. The $750 million loan is reportedly on hold.

 
Trump’s buddies have already cashed in and sold so it wouldn’t shock me. I’ve got family and friends up there so no desire for it to get pulled.

 
FreeBaGeL said:
The bills are easy enough.  If you miss one they will let you know.  The investments are far more important and I need to leave more detailed instructions as well because my wife wouldn't even know where to start.
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Bob Sacamano said:
Same
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ConstruxBoy said:
I need to do this. Wife manages bills, I manage investments. We should cross train. :)
Click to expand...


Capella said:
I’ve told my wife to keep our mutual funds the same and keep amazon. Everything else I have is a sell and buy amazon with. I’ve also told my best friend and he is a stonks guy and would know how to advise her. 
 

my wife has no concept of what we have. I’ve also left detailed notes in an envelope just in case. 
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Settle down boys. I’ll handle the investments in your absence. 

 
stbugs said:
I pretty much handle everything financially. I need to do a better job of making sure she’s aware but she’s not quite a great saver. I’m the one that sets her 401k to max. She’s gotten better, like this summer paying for Hilton Head trip, which ain’t cheap anymore, and the 50% deposit for next year. I kind of don’t fill her in knowing I might save more that way. Not a good idea now that I’m not a spring chicken anymore.
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Much the same here. I handle everything from making the money, paying bills, investing. I recently had her write down all our accounts and passwords. She was overwhelmed. Of course, we do have 2 bank accounts, 2 Roth IRA, 2 TSP, 5 college accounts, 2 regular brokerage accounts with money in them, 2 regular brokerage with no money (not sure if I should close them), a worthy bonds account, a fundrise account, each of our kids has a savings account, 7 credit cards, 2 PayPal accounts, a mortgage... And she manages just her PayPal account. 

Where do you stay in HHI? we'll be there in October, VRBO in sea pines.

 
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-OZ- said:
Much the same here. I handle everything from making the money, paying bills, investing. I recently had her write down all our accounts and passwords. She was overwhelmed. Of course, we do have 2 bank accounts, 2 Roth IRA, 2 TSP, 5 college accounts, 2 regular brokerage accounts with money in them, 2 regular brokerage with no money (not sure if I should close them), a worthy bonds account, a fundrise account, each of our kids has a savings account, 7 credit cards, 2 PayPal accounts, a mortgage... And she manages just her PayPal account. 

Where do you stay in HHI? we'll be there in October, VRBO in sea pines.
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How do you like fundrise?

 
FreeBaGeL said:
How do you like fundrise?
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I like the platform quite a bit, but the returns have been underwhelming. I'll give it another year to fully assess before I decide to leave or stay. Conceptually, as I don't want to be a landlord I like it. I only opened the account last February, so that's 18 months. At $250 per month plus a few extra payments (early last March and last year). There's less than $6,000 there now. My plan is to use the money for our lake house in 10-13 years and I wanted a different asset than stocks. 

REITs haven't been awesome in that time, VNQ is down slightly in the same timeframe, but the gain in fundrise has been 3% of the amount invested now (I'm not entirely sure the yearly average return). 

I think I'm probably more a fan of the concept than the returns. But I'm content for now as a very small amount of our portfolio - 10% of our monthly investment, less than 1% of our total. But when the time comes, it will help with the down payment.

 
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