Technically they've just reached an agreement. It hasn't passed vote in the Senate and still has to go to the House. But it's expected to pass today.
We’ll see when the market opens, looks like GK may be correct on buy the rumor, sell the news. Seems everything was priced in yesterday.
Will be interesting to see who holds the bag into the unemployment number tomorrow. It’s going to be staggering
I sold half my UAL purchase yesterday. Probably going to sell another half today. Played this stock just about perfectly Bought at 18.50.
Same here. I got out yesterday. Don’t have the stomach for that, especially with likely language of no buy backs.
I still think this market tanks again. When these unemployment numbers sky rocket any benefit from this "stimulus' is weeks away. Plenty of time to make some more 'easy' money.
I'm not a very savvy investor, but this jump has to be temporary and lead to another legit dip in the near future right? This just feels like it shouldnt be happening right now. I just keep thinking that this is too soon
This group of headlines(all negative), paired with the associated stock(all gaining) is a wonderful summary of this nonsense.
Talking heads all saying that the number of unemployment is expected to be high, but that hasnt changed anything. They are making it seem like that number shouldnt surprise anyone.
Alright I have opened a Schwab account and made a Roth contribution for 2019 and 2020. Anyone have any mutual funds that peak their interest? Damn almost 3,000 of them to choose from. Only had about 20 to look at with my 401k.....
Fucked around and bought Delta yesterday at 26, when it was around 32 I couldn’t decide if I cashed out, or held long term. By the time I convinced myself to cash the market opened and its back around even. Glad I don’t do this for a living.
I’d avoid blanket index funds for now. I like VGT personally but I still think individual stocks will be a better play in the short term
I did the ol’ limit order, adjust limit, adjust limit, readjust limit, then finally just cancel dance. Price changes so fast I couldn’t get in
Bought a few cheap calls of DRD last week for .50. Now up to 1.50, cancelling out some of my dying puts
My order went through just before the low point and now it's bouncing back. Think I'll go ahead and ignore that tab for a few hours.
Bought 10x $57.5 UAL 1/15 calls @$2 two weeks ago Sold 6x of them today @$6 MGM looks undervalued to me still at $13. I bought 20x $23 1/15 calls @$1.02 last week. Pushing $2 today but I suspect goes much higher in the coming months. Staying away from the cruise lines. High risk but high reward if you time it right and pick the right one. They won’t all survive imo.
Current 401K allocations are: Large Cap Blend - 19% Large Cap Growth - 19% Mid Cap Value - 7% Mid Cap Growth - 6% Small Cap Value - 6% Small Cap growth - 7% International Large Growth - 36% Any changes I should make to try to capitalize on these drops?
a quick and easy way to find a good allocation for retirement funds is to use the robo advisors risk assessment then copy their plan to your own account without using the robo advisor at least in the past wealthfront/betterment let you see their recs including what funds they'd purchase if you used them before ever committing to anything
I currently have my Roth IRA in Wealthfront that I setup about 4 years ago. Was just starting it and wanted something that was easy to use, which it definitely is. I just set my risk score to 9 (Was 24 at the time), and let it do its thing. In my limited research it seems it would be cheaper/save money to roll this over into a different brokerage. I just opened a Schwab account for general purposes. This seems like it would be fine for Roth IRA as well, right? Also, looking for any pointers on how to allocate since I have just thrown money into Wealthfront and closed my eyes up to this point.
It’s currently just in one of the target date roboadviser allocations based on my “investor profile”. Returns have been good last 4 years so no need to adjust really until now. Not sure why it has 1/3 in INT honestly
look at how wealthfront divided it up, they lean hard on vanguard funds which are good i moved mine from them literally to vanguard, but imagine schwab has access to the vanguard funds still keep my taxed account with them though
Read that book. It's going to help out a lot more than a couple simplistic message board responses, and it will make you realize how easy it can be to set up your portfolio by your self. If you want some simple pointers, we need some more info. How old are you? When do you plan on retiring? The traditional rule was "age in bonds," meaning your portfolio percentage of bonds is your age and stocks is the rest. That tends to be overly conservative, and the new trend is 120 minus your age in stocks. For example, I'm 35. 120 - 35 = 85. I'm currently going 85% stocks and 15% bonds. You want to simply place it in broadly diversified index funds, which you will be able to find at Schwab. For the stock portfolio, the usual recommendation is a split between US and International stocks. This is a contentious subject. Some argue to go 100% domestic stock. The more universal recommendation is probably somewhere between 20-40% of your stock should be allocated to international. For simplicity's sake, let's pick the middle number and go 70% US/30% International for our example here. Your portfolio could look something like this, if you're 35: 60% US Total Market Index Fund 25% Total International Index Fund 15% US Total Bond Fund If that is even too much work for you, then you can simply pick one of the Target Date Funds. You simply find the fund that aligns with when you think you may want to retire, and put everything into that. It will rebalance over time into a more conservative portfolio automatically as you approach retirement.
This was Vanguard's predictions for the next decade (before Coronavirus) before inflation 4%–6% for U.S. stocks. 7%–9% for non-U.S. stocks. 2%–4% for global bonds.
Appreciate the response. This would be the route I'm going to take, at least for the time being. I'm 31 years out from retirement/distributions (Currently 28) and consider myself aggressive. Any funds you would recommend me taking a look at that would fit that general info?
The Boglehead approach is literally 3 funds. For Schwab, in the percentage you want: Schwab Total Stock Market Index (SWTSX) Schwab International Index (SWISX) Schwab U.S. Aggregate Bond Index Fund (SWAGX)
Schwab has a robo trader called Schwab Intelligent Portfolio. It’s free I think. I use it for an old IRA and it does okay. Well enough to set it and forget it until I get an email it’s been rebalanced.
"In a letter to Pershing stakeholders dated Wednesday, Ackman said the fund completed the exit from his bets against the market on March 23 and generated $2.6 billion compared with premiums paid and commissions totaling $27 million. He first announced his market hedges on March 3." “we became increasingly positive on equity and credit markets last week, and began the process of unwinding our hedges and redeploying our capital in companies we love at bargain prices,” he added. https://www.cnbc.com/2020/03/25/bil...made-to-buy-more-stocks-including-hilton.html
I bought some DIS, VIA, and AAL at or near their respective bottoms to date. Thinking about selling now at 26%, 46%, and 40% gains, respectively, and buying back in on the next dip. I'm not sure we haven't hit bottom, but I do think there will be some more pullbacks in the coming trading sessions. Are y'all trading or staying long on holdings right now?
I was planning on some heavy holdings (airlines/travel/disney/ etc) at the "low" but I'm scared that passed and I cant really be cash poor right now - we need a house in the next 6 months. So I'm just sad panda waiting for the next fire sale.