I haven’t been with a company offering one until ~33 months ago, eclipsing $100k is quite good under that consideration.
The old man says… EQX dropped from $9 to $6 because of a protest by local workers at one of its mines in Mexico. This happens a lot... everyone panics and sells out because of a "strike' which happens ALL THE TIME in Mexico and South America... and ALWAYS gets resolved with a month or two with some payoffs to the local leaders. This was a gift buying opportunity - this will easily be a $12 to $18 stock in two years because of the increase in it's gold production from new mines that are just now getting up and running. The pullback in AU was also a gift, it will earn $2.50 -$3.00 EPS in 2022 and pulled back to $18 which is a PE of only 6-8x. In silver miners, there is a company called Alexco (AXU) that has traded up to $3.50ish 3 times over the last year. It's brand new silver mine in Canada is now up and into production - it is the SINGLE BEST BUY in a mining stock universe here and now... Today it's at $2.11... I'd buy a chunk now. And plan to add more if the gold/silver stocks eventually get taken down with a broad market crash… if that happens. This is THE 3-5 year buy and hold stock in the entire gold and silver space at these prices. It's not a gamble like the small cap explorer and developer stocks - as their mine has already been assayed and the silver in the ground quantified... their mine is up and running, so they are now in the 1st inning of production. The single lowest risk mining companies to own are producing miners in either Canada or the US. This is my single best bet to ultimately return 5 x + your money in 3 to 5 years. There are a couple of small caps, I won't recommend to you because they are riskier and more volatile and you have to follow them almost on a daily basis for breaking news which can swing them in both directions; that are already up +50% off this pullback. Alexco (AXU) will be a $5 - $10 stocks in a couple years at present silver prices, or immediately if silver hits $35-$40 which it should do over the next year as people begin to believe the inflation trend is real, which it is. Again, you should establish a minimum of a 5% ish portfolio position in some mining stocks and the Sprott gold or silver ETFS as both an investment and as an inflation hedge.
$PENN announces an across the board beat today along with a $2b acquisition and it's down 5% premarket. https://finance.yahoo.com/news/penn-national-gaming-reports-second-110000671.html https://finance.yahoo.com/news/penn-national-buy-score-2-112823517.html
I believe that is due to most people believing they overpayed for the Score. $2b for a company projected to do $70m in revenue is steep. I use the Score app on a regular basis but I can only see this making financial sense is if The Score is their entry into the Canadian betting market and couldn't do it without the acquisition.
dont know where else to post this but i enjoy all mocking of austrian economics and oddly my timeline had MULTIPLE people talking about it today
It’s statistically accurate. Median household income is higher now than any preceding year. Of course, a median measure doesn’t account for the increasing gap between the top and the bottom.
This. I saw the writing on the wall back in March, started looking around, and jumped ship for a pay raise.
Yeah I'm posting purely from my own knowledge of the restaurant industry, but I think its a decent indicator of widespread wage movement.
Cause you would appear to know what you’re talking about. Or at least researched enough. I’m comparing notes as I start up my 3rd company 401k plan this past week. I’m contemplating a tiny tweak in my strategy. I had around 20% bond exposure when I did my first 8 years ago, but I’m considering going down to zero like you. At least until I’m 50.
dunno how old you are, but if you have anything approaching ~20-25 years until retirement its a no-brainer to go 0% bonds the age markers are probably conservative too
31 Yeah I originally read 100-your age should be bonds, so I set it and forgot it when I first drafted 8 years ago. But I’ve really taken a fresh look at some of the strategies I’ve followed. Clearly left some money on the table, but got another 30 to go most likely. Didn’t start an IRA till 2020. got a great foundation, despite these two errors, but just tweaking to get even more.
Man put it all into an index fund, imo. Don't know what all your plan has but I would think it has either an entire market index fund or S&P 500 index fund.
100 minus your age might have been ok when bonds weren't getting absolutely shit on, seems like the only use for them now is to protect capital without it just sitting in a bank account.
hopefully we never go back to a world where bonds are great investments except as capital preservation
I plan on adding some bonds, maybe 10%, when I reach 40 and slowly increase from there. My goal is retirement at 57 (youngest out of college), with a stretch goal of 52.
You'll probably have a better shot at retirement in the 52-57 age range if you go 100% stocks and 0% bonds. Even if the markets tank, you should be able to make that money back within a few years.
Right now I'm about 1/3 of the way to my target (33x estimated expenses, but I'm really using a desired income above that to allow for extras). Using the rough -fv excel formula, I can get to where I want to be with 4% real at age 57. So anything above 4% real just brings my retirement date back. Right now I'm 4 years ahead of that. Just a little amount in bonds gives risk reduction. I'm 38 now, so if I can possibly retire around 52, that's only 14 years out. If I don't make it then, I'll be well enough along.
Aren’t there better investment mechanisms if you want a “risk free” small return that can deliver like 2.5-3% vs whatever bonds are right now?
80% of my money is in my 401k. It has a fixed income blend that has returned 2% this year and, over 6% 3 year average, and almost 4% 5 year average. So I'll probably use that when I start transitioning over. I'll probably look into iBonds at some point too. Another 10% is actually a cash balance pension account that has a minimum interest rate of 4%. So I guess I technically already have bonds, but I can't do anything about it.
Idk this threads thoughts on Cathie Wood but I enjoy hearing her perspectives even though like any fund manager I’m surely they’re grossly biased in their direction.
Super basic question here. If I own a leap that was purchased at the money and is now heavily in the money with 6+ months to go, what are the cons to me selling that and rebuying something closer to the money today, with same expiration? I figure that locks in some gains and has roughly the same upside. The reason I'm trying to do that is these leaps have dramatically overweighted my account to this one stock
If it’s way ITM, then buying one at the money will not have a big difference in delta. Would need to buy another leap if you’re trying to catch Delta and Gamma gains. If your idea is to just realize profit then yes that’s basically what you would be doing rolling to ATM.
Yeah I just think it would be easier to make up the other 2/3 with stocks than bonds. Seems like you have it all planned out though.
For those who trade covered calls, protected puts, etc.. is there a platform where you can use play/fake money to learn or test trades?
Investopedia has a simulator - https://www.investopedia.com/simulator Not to sure if you can write covered calls on there but I don't see why not. I started this portfolio when I was bored in one of my finance classes in 2013, started with $100,000 of monopoly money...
Added 37 VOO @$409.44 Position is now 311 @$325.06 Buying at all time highs, I’m a real long term investor now!