eaganwildcats
Footballguy
Really kicking myself on this one. Read some articles about it probably a week ago and just didn’t pull the trigger. Sigh.Whoa, MMEDF!
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Stock Thread (10 Viewers)
- Thread starter St. Louis Bob
- Start date
Don Hutson
Footballguy
I bought some UVXY at $11.79 about a half hour before the market closed. It stings a bit selling at $11.28 yesterday and paying a half dollar more today. But we are living in chaotic times. Everything is kind of okay and under control right now. So there isn't much good news that could hurt UVXY this weekend. But one of several things could turn bad. I'm looking at you, Trump.
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cosjobs
Footballguy
Did a lot of profit taking at the close, but I fully intend to rebuy Monday on a dip.Whoa, MMEDF!
Don Hutson
Footballguy
People here need to redundantly explain things in their posts. Sometimes 2 or 3 of you have been talking about a stock for awhile so a few of you understand what you are talking about. But 95% of us here have zero idea what you are talking about. It often sounds like gibberish, but interesting gibberish. So I want to know what stock you are talking about. At a minimum, retype the stock's code in every post you make about the stock. It will be very repetitive but will help a lot of people understand what you are talking about.
ConstruxBoy
Kate's Daddy
I would pass. That’s just me but I’ve got other things I want to buy that have more potential to double in the next few years. If Disney doubles they’d be worth triple Netflix. Their other businesses aren’t worth $400B so I think they won’t be going up hugely the next few years. If it’s more of beat the market for 5 years, it’s a decent option.
I should have bought some in March (still had cash), but you can’t own everything. That said, one of the articles was funny. It was stating that Disney+ would have more subscribers than Netflix. It used Disney’s new estimate from 2024 and compared it to Netflix’s current subscribers. I mean it’s a great story but geez you don’t have to make #### up and act like Netflix won’t add subscribers.
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Capella
Footballguy
I can’t try to talk him out of it but I just give him advice and he does what he wants ultimately.
Yeah, I was just relaying my opinion. I’m looking for high growth. I want to get the eff out of the rat race!
I'd want a five percent pullback or S&P 500 % - Disney % = 5%. If that does happen, split the investment up in quarters and buy every month on a set date. OR lay the law down and buy Amazon with it.
I think that makes 50 stocks you should have bought in March. Pretty much every stock you owned (including CYDY) beat DIS sometime over that timeframe.
Capella
Footballguy
Lol he will not go with me on amazon. He pretty much listens to everything I say except for that. I think it was the Trump meltdown on AMZ last year or whatever that stuck with him.
I know. The only thing I should have done was just push all the cash in. It was damn near impossible to find a loser. I bought a bunch so I knew it was a good time but I let that “what if it drops more” cloud my judgement and not push in all the chips. I mean Fastly at $11 and Roku at $65. Yeah, not bad purchases at all LOL.
CR69
Footballguy
I did the same thing. Held on to about 20% of our assets in cash and have just been kicking myself for months now. I had a great year so I shouldn't be mad but I just can't bring myself to deploy the rest of it but of course it keeps moving up lol.
Yeah I get where you guys are coming from...I hit a grand slam to win the World Series. Kicking myself it only cleared the fence by 20 feet instead of the upper deck.
Bobcat10
Footballguy
@McBokonon Forgot to ask....for $BFT did you buy commons or warrants or mix? I didn’t check warrants out until today and the cost is up to $3.12. I think that’s high..
McBokonon
Footballguy
Bobcat10
Footballguy
My understanding is..
In the case of $BFT, you’d buy the warrant at $3.12 and 30 days after merger you can exercise 1:1 for $11.50. So right now you’d be looking at $14.62 per share. Thinking that’s not great at this point, probably was better before the spike. You can also hold the warrant for 5 yrs unless the company forces you to exercise and there are rules for that.
ditka...mike ditka
Footballguy
Hi everyone - love this thread, read everyday just to watch and learn and hope to start contributing more. Question for you all, which could either go here or the retirement thread, but since stock specific, im brining here.
I just rolled over my 401k from my old employer to a tradition IRA Had around 470k. I took 350k in a 2060 target date, 60k in an emerging markets fund (both these funds are i shares because of my work) and then I have another 60k I’d like to buy 5-10 stocks for a long term hold. I keep bouncing around names like, amazon, apple, docusign, zoom, netflix, Disney, would have loved airbnb to stay under $100. What do you guys think? For context, this is not going to be my main retirement account, I am 38, married, single income as my wife is at home with my 7 month old. I want to have a little fund with individual names and im not afraid of taking some risk here (just not CYDY risk...well maybe id do 10k in something like that)
I just rolled over my 401k from my old employer to a tradition IRA Had around 470k. I took 350k in a 2060 target date, 60k in an emerging markets fund (both these funds are i shares because of my work) and then I have another 60k I’d like to buy 5-10 stocks for a long term hold. I keep bouncing around names like, amazon, apple, docusign, zoom, netflix, Disney, would have loved airbnb to stay under $100. What do you guys think? For context, this is not going to be my main retirement account, I am 38, married, single income as my wife is at home with my 7 month old. I want to have a little fund with individual names and im not afraid of taking some risk here (just not CYDY risk...well maybe id do 10k in something like that)
kevzilla
Footballguy
$10K in each of those sounds fine, particularly since you have so much more in diversified, low-cost funds.
More importantly, you are WAY ahead of the game at 38. You might be able to triple this account before 60 without insane risk. If you're still putting away current income, your retirement outlook is green grass and high tides.
Nick Vermeil
Footballguy
No advice. Just wanted to say nice account for 38 and not your main retirement account. Maybe you should give everyone else some advice.
ditka...mike ditka
Footballguy
I’ve been very fortunate with work to be able to set aside some other retirement money, it’s not a ton more than this, I just expect it to be able to grow quicker with no restrictions on what I can put in.
One thing I always tell anyone who asks me about their career is to “save early and save often”.
Don Hutson
Footballguy
I always say the opposite: enjoy your youth. Money = fun when you are young. Old people don't enjoy money much. It's so sad when a couple starts saving at 40 for an RV. Once they retire, they plan on living on the road. If they had done it at 40, they would have enjoyed it. But at 65, they prefer the comforts of home over roughing it on the road. So they buy a $200,000 RV and hit the road when they retire. They last a month on the road before they return home. The RV sits in their driveway for the next 10 years barely getting any use.
ditka...mike ditka
Footballguy
I think there is a good balance to find here. I certainly spend. Vacations (going to Maldives for 12 nights in March), snowboarding, golf, etc. But, when I was 22 and started out by putting 5% of my paycheck into my 401k and upping that 1% each year you don’t even notice it. Next thing you know, by 40, you have 500k for retirement. I have plenty of friends who didn’t do this, made similar money as me, and have done less trips/nights out and have next to nothing saved for retirement. So save early and save often comes with a caveat to still live your life. Just be smart about it! Everything is about balance
culdeus
Footballguy
I think there's a general personal finance thread where the topic of how to balance pre vs. post tax money for now/later.
I really struggle with this. I've got my kids college done, and my 401k is well ahead of schedule. I feel like it makes more sense to push stuff to general savings now for the years prior to 401k/IRA cashouts. I didn't think it was possible to have eyes on a situation where my 401k would be too big, but here I am. (Note this post may not age well). I've also gotten MUCH more aggressive in my 401k in the last few years, because yolo.
I really struggle with this. I've got my kids college done, and my 401k is well ahead of schedule. I feel like it makes more sense to push stuff to general savings now for the years prior to 401k/IRA cashouts. I didn't think it was possible to have eyes on a situation where my 401k would be too big, but here I am. (Note this post may not age well). I've also gotten MUCH more aggressive in my 401k in the last few years, because yolo.
dino259
Footballguy
I have recently thought about this as well. We have put basically everything in either the 401k or the ira with little to none in available investments. I ended up pulling back some from the 401k for some available investment.
I’ve been lucky in that this year has been phenomenal for my portfolio both IRA and taxable brokerage account, my biggest accounts. The net result is a nice amount in taxable money. My wife and I both work right now and do well so I won’t stop maxing out our 401ks because it reduces income at our top tax bracket.
That said, I think it will be great having investments outside the tax deferred accounts. Roth’s would be nice but we aren’t eligible unless one of us stops working. It’s not hard to game taxes in the taxable accounts to get long term capital gains taxes which are typically way less than ordinary income. If you are retired, it could be 0%. It’s absolutely something to think about because all people discuss is traditional versus Roth. Well, in both cases you pay income tax rates somewhere. If you pay capital gains and manage it right you could make yearly gains with 0 taxes.
Very smart to think about as you might be able to live off say SS and taxable accounts and let the other stuff grow tax deferred. I know I’m trying to be more careful to put anything short term into the IRA and longer term stuff in taxable to make sure it will all fall in long term capital gains. I have plenty of cash but also over 6 figures of long term gains meaning I can afford to sell things the next few years and get good tax treatments. Makes it easy to leave all the other stuff alone until it hits long term.
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KGB
Footballguy
I don't know nearly enough about taxes.
I'm having a hard time finding a way to invest in tax deferred ways :( . Any ideas? I think I make too much for roth
If you have two later career incomes it’s really easy to not be eligible for Roth. That’s why I’m maxing our 401ks no matter what. Do you have access to a 401k or other retirement plan? If not you could do a traditional IRA but those are more limited than 401ks in terms of total contributions.KGB said:
The other way is to invest in stocks and hold for long term. Unless you are making over $1 million if Biden’s tax changes come into effect, if you hold a stock (or fund, etc.) for over a year you pay long term capital gains. Also, you don’t pay any taxes on gains until you actually sell.
I’m W2, so I don’t know any other funky ways to avoid taxes. Also, I’m ignoring bonds that can have some tax deferred status because I’m assuming you want higher growth.
D_House
Footballguy
You can invest in a Roth through the back door. Basically you open a traditional IRA and in the next day or two convert to a Roth. More here.KGB said:
Given bond returns these days I’ve started removing them from tax preferred accounts and started buying US savings bonds (I and EE) through Treasury Direct. These are tax deferred in that all interest is deferred until maturity and are state and local tax free (unless used for education, in which case they are totally tax free). These are uber safe investments, with the expected low returns.
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KGB
Footballguy
Thanks. We have maxed out 401K and ESPP. Luckily with my small biz, we have lots of writeoffs.
The other way is to invest in stocks and hold for long term I think this is going to be my option.
also,. I'm moving to SCORP on my biz and looks like I can do 25% of what I pay myself into retirement. not sure how/what yet. Hopefully something I can manage myself.
KGB
Footballguy
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In a pure return sense pretax saving will always win over post tax even with the 10% penalty.culdeus said:
That said I wasn't enough cash to cover me until I can withdraw from those account without getting hit with the ACA cliff penalty. That does change the math a bit.
Capella
Footballguy
Yeahhhhhhhhh thinking of unloading but much like cydy it’s just gambling so may as well see where it goes.
Capella
Footballguy
Dwayne Hoover
Footballguy
MMEDF is another rocket ship, don't own this one, just watch it daily. Its CYDY again in June.
Just know this is going to suffer the same fate at some point, shorts are going to take advantage of stop losses that people have on this thing and there will be a huge drop one of these days. Not sure when that day comes but I would expect at some point soon especially if this thing keeps making daily gains like it does.
Just know this is going to suffer the same fate at some point, shorts are going to take advantage of stop losses that people have on this thing and there will be a huge drop one of these days. Not sure when that day comes but I would expect at some point soon especially if this thing keeps making daily gains like it does.
Capella
Footballguy
It’s not gambling if you sell and the cash is in your account. I waited one peak too long on CYDY but I’m really glad I sold at the 2nd and 3rd peaks to at least bank a great gain. I get the gambling thought but sometimes the moonshot has already happened and you can parlay that into the next one or two.
The biggest thing is getting out on top. Do you really think the YOLO/FOMO driving this is going to wait?
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beef
Footballguy
Forgot to reply to you but it really is hard to keep buying. You feel like the other shoe will drop. I bought a bunch more in June (sold some to diversify, should have just used all cash!) and that’s all up really nice. Even little recommendations here and there over the past few months all up smartly. I am definitely a bit worried but I’m at least not trying to chase stuff that you feel is crazy versus stocks that may be rich but have been blowing away earnings.CR69 said:
Dwayne Hoover
Footballguy
Capella
Footballguy
Yea I mean I get that obviously. Never go broke taking a profit etc, but I have some pretty rock solid foundations and like to swing for the fences occasionally. I’m a gambler by nature, these kind of stocks and chances are exciting for me.
I know you do. One thing I am trying more now is taking the easy gain and rolling over to other stuff. Even if they don’t pop. I’m definitely doing less gambling than CYDY. I was way in at one point had over 6 figures invested (mostly gains). That was too much even though it wouldn’t have “hurt” me if I lost all the gains. It definitely has funded other things though so glad I banked them. I’ve really enjoyed these SPACs. Fidelity doesn’t do squat for me on IPOs so it’s a way to play that IPO/risk while storing cash. Some of them have been huge pops. Might not be the 10x but I’d probably wager more in those because they are a bit safer if you get in pre-merger.
Absolutely, 95% of all the new money going in is certainly not waiting until end of 2021 for results.
