If we have less generous social welfare programs in thirty years I don't really want to know the rest the dominos that fell.
Minority taxpayers probably won’t want to keep paying for old whites Medicare and SS. Immigrants even less. “My parents paid in and aren’t paid a check either. Sorry, not sorry.”
Sold 450 shares of Baba at 224 last week.prior to ER, long term cap gains to boot. Now it's ~10% of portfolio, which is much more risk appropriate. Going to hold this shit forever. I appreciate some of the advice from guys in here last month, even more now with coronavirus uneasiness. Dumped 75% of the proceeds into Vigax (nasdaq correlated) to increase my position by 80%. The rest was put in TC Energy (Keystone XL and Buckeye Xpress are both being kicked off this year), while their competition in the Marcellus/Utica is floundering with FERC issues (EQT, Duke, Dominion).. TC acquired Columbia pipeline a few years ago, so they have existing right of ways in the region. This gives them a huge advantage to move quickly and outside of the normal FERC approval process if they see a need to increase volume. Pays a nice dividend too.
Elementary question here I am sure, but are you buying these call options because you believe Apple will be trading above $322 come expiration of the option?
i bought them when the stock was trading at 317.50. if it's trading around 320 any time this week i could probably sell for like a 20-30% profit
Maybe but I think it’s more of a means testing and exclusion process that leads to social security and Medicare coverage going down. To me that’s a progressive approach compared to status quo.
veering off into political prognostication but you're starting to see a distaste for means tested bank shot policies vs universality based ones. the latter is much simpler to sell, not to mention whoever enacts cuts is going to be nuking themselves politically (and why universal policies are good!)
Topic better suited for another thread for sure, I guess all I’ll say on this topic is that social security is broke from an accrual accounting perspective and that “both sides” can always agree on taking things away from “rich people.” And by rich people I don’t mean the ones who inherit businesses, land, and vast sums of wealth; I mean the people who are wage earners already paying a significant effective tax rate.
i remember we had a good conversation once but then soon after you just leaned into drive by grievance posting shame that is
Cashed out my handful of Apple shares with like a +83% gain, I imagine it’ll be at 400/share by March now. Thank me later.
90% of options are out of the money upon expiration. Market makers design them this way to collect premiums. The key is to take profits when you can. Hoping it will continue to increase the next day could be a 100% + swing, especially with options with major implied volatility
Yeah, might buy more at some point. Honestly, I don’t do much “trading”, most of my investing goes into 401K/IRA target date or mutual fund type accounts. Once I pay off my student loans I’ll have some extra money to play with and will probably get more into it. But for now, my #1 priority is paying those off ASAP + keeping a chunk of money in savings for life reasons. I didn’t have enough Apple this time around to really make a difference either way, so figured I’d cash out for now.
still my favorite story https://www.marketwatch.com/story/t...sk-then-promptly-loses-almost-2000-2019-01-22
There are so many good ones. It’s reached the point of parody now but it’s still an awesome skim. I probably check in once a month or so and read the “top” posts from the last 30 days. Never ceases to amaze.
On a general level, is it a good idea to buy a couple shares of those 3xBear type funds just to hedge your bets? It’s such a low buy when things are good, I almost figured why not
I've just been using them as supplements to my main portfolio. It's a small percentage of my portfolio and let's me scratch any trading itches. These last few days have helped soften the drop for me. You mainly have to watch them because they obviously move much quicker than the normal indexes. And a lot of their movement is overnight.
Not a bad idea at all. Just be ready to drop it fast when the ensuing rally hits. Personally, my hedge has been a 3x treasury bond ETF (TMF).
I usually keep 15-20% in treasury bond ETFs. Last week I slid that allocation from roughly one-third short term (SCHO), one-third all treasuries (GOVT) and one-third 3x (TMF) to two-thirds 3x and one-third short-term. I also boosted the total allocation from ~16% to 20%.