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I think I'm going to hold this one. They haven't sent out a press release yet for the acquisition, so I would think there will be a bump there in the next couple weeks.
Crazy. My largest account is up 10% in January. That’s on top of the awesome 2020 return and that’s also without hitting on any of these crazy stocks. It’s why it’s so hard to trim until it’s probably too late.
Wish I bought more and way earlier. MF recommended them around $30 or $40 but I didn’t buy because it wasn’t in the “portfolios” I had just in the general SA or RB. Bought 30 when it went back down to $180. Should have just doubled it and made it a full position. Did the same with SQ at $150. Didn’t buy a full position but wish I did right there. Didn’t expect this to keep rolling but it has.I might have exceeded my stated maximum exposure here.
I'll allow it.
Totally get that. I mean, in hindsight I wish I had put everything in Tesla, SE, NIO, etc. But that's not my style. I try to keep things 80% broad market, 20% selected sectors and individual stocks, no more than 5% in any one stock. I'm over the 5% and 20% rules now. But don't want to sell SE.
10.2% at the moment. Pretty amazing considering the boat anchor we are lugging around. I now consider owning amazon like fighting with one arm tied behind your back. Guess we have to leave some meat for the rest of the market.
Why do you want to do this? It's like saying I want to own bad stocks (or amazon) to offset my good stock picks.
It has a lot more to do with my belief, backed by research, that most of us won't beat the market over the long haul.
I already stated my goal was to double what I had at the end of the year in 5 years. That’s about 14% a year. A high mark, but that was my 10 year goal until last year happened. I am torn between protecting the gains and telling myself not to give up a potential “year” of the goal.
I’m not overly rigid but for our individual stocks, I try to stay in the 4-6% range. $SE is at 12.27% as I type this and I want to add more. It’s all I can do not to.
I've been trimming and taking profits but still have a lot in play. Not that I don't think we're in a bubble or at some point we have to get a closer to earth. It's just there is so much money out there. Stimulus all over the world and maybe more coming. Gotta put it somewhere.
This is a horrible decision for most companies. Though neither the company nor the bank are US-based, so probably not the same regulatory headache.SE - sea limited buying a bank (BKE) as it grows its empire
Fair point. I don't know how I'd feel about Amazon buying a bank.
Just in my main trading account. Don’t look at my funds till the end of the day. They should be up pretty good.
Really, it's just the regulatory issues that cause me to say that. They likely will not have the same experience they would have in the US, so it probably is a net positive for them. In the US, regulators would use the bank as an excuse to dig into every other part of the company, no matter how insulated the bank is from everything else.-OZ- said:
I almost don’t even bother looking at our 401ks. I like the funds but our contributions are bigger than the returns at this point as I’ve rolled over everything aside from our current 3-4 year ones into my trading accounts.
Mine did +26% last year and 20% the year before - pretty pleased despite my big trading fund doing way better. This I can just set it and forget it.
That's one kind of nice thing about keeping my military TSP in place. With no contributions I can see a real return. 20% last year, 22% in 2019.
Probably the smart move. I'm still of the belief that international has more room to grow, but I've been wrong fit a few years now.
That's a difficult question. Can the Fed un-pump the economy? Biden is going to flood us with stimulus and companies will likely crush expectations this earnings season. COVID has helped many companies in the market at the expense of mom and pop. Wall Street isn't in a recession.
Its design to reflect 2X the VIX. Here's a one year VIX chart. VIX typically represents fear and uncertainty in the market. I agree with Todem that we are peaking with irrational exuberance at this point. While cash is a safer hedge for keeping your money, my play will actually make a lot of money when there is a correction.
I am obliged to remind everyone that this is a very risky volatile stock. But with all the penny stock and SPAC action in here, I assume that you all mostly are comfortable with that.
Thank you. When you mentioned it was your largest holding it got my interest piqued.
Not looking like I was late anymore. Sure am glad you brought this one back up!AND $BNGO WAS HIS NAME-O!
I've been accumulating sice the high 11s, so I've gradually been losing money in that time, with me cost averaging down, I've lost about 10%, but accumulated thousands of shares. For reference, if it hits $142.85, I' make a million.
