we had a convo in this thread start of September. Most felt the markets were due to pull back (which they did) but even still how you could time it and play the tax game properly just seems too difficult vs set it and forget it.
I didn't listen to yall and I went all in on leveraged ETFs the 22nd anyway. Now I'm basically the monopoly man level wealthy in 10 days, pretty much kinda. 50% TQQQ 35% UPRO 15% UDOW
Word is Freeport McMoran (FCX) will announce a $3B stock buyback for 2022 in addition to their dividend. Licking my chops
I put half my funds in TQQQ on the 18th. Would've been better off if I put all my funds there. Did hit a couple nice runs with AMBA, BROS, and especially KKR. Stocks are up overall, but not as much as TQQQ.
I am admittedly stupid about things and don’t know what I’m doing, so good job I suppose. Take your gains and run though?
I have 10 years to draw down an inherited IRA so I'll only sell it if I think that the price in 10 years will be lower than the current price, which I do not. I'll probably just sell some calls against my shares if it stays at or near ATH. We have rate increases coming sometime and that's a risk to mess me up in the short run but long run I think I'll be ok.
Or, increase your stops every day as it rises, and sell when you get stopped out. Put stops in the white area between red and blue lines, or somewhere in the upper blue lines. Otherwise, let it run.
Any IPOs I should avoid? (I’ve been trying them all and have about an 80% hit rate). nerdwallet allbirds expensify backblaze
These are beasts. Sprott Physical Uranium Trust has been buying up and storing uranium. The uranium buying market has been really lazy since Fukushima, spot price got down to 10 bucks with the oversupply and governments shying away from nuclear. Sprott's average cost of their 40% global supply is about $29. They want to move the market to about $80 (which is reasonable) Due to climate pressure, many countries (including Japan, France, Britain, Germany) have said they're going to move back to nuclear. France has commissioned 7 new facilities. Mining companies that specialize in uranium are going to move for the next few years UUUU has the most upside as it's a US company and will benefit greatly from the infrastructure package
imo PTON is victim of its own success. It reached a ceiling so quickly they now demand even more revenue. But where is that going to come from? Who didn't get it in 2020 that will in 2021-22? Now they're dumping millions into ads for whom? Editor's note: I did actually in 2021, but my case was unique
They did make moves like buying Precor, and I thought it was to expand into additional workout equipment, or at least update their ellipticals that are 15+ years old at la fitness.
https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500 The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. IRA limit expected to stay the same.
They’ll come back. They just announced a piece of fitness equipment like the Xbox fitness. With a tracking camera and they’ve been rumored to have a rower at some point
I only got 1 share from Robinhood. :( Btw, I’m going to just ask for every ipo that comes out. Any downside to that?
FYI - I think this was discussed a while back. Seems like a decent move if just keeping that $ in savings account or whatever, if you can leave it in the bond for a few years. https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm "NEWS: The initial interest rate on new Series I savings bonds is 7.12 percent. You can buy I bonds at that rate through April 2022."
I'm not a pro on this, but I have some crypto on Celsius where I get returns. Was thinking about moving all but a couple months of savings into USDC. For every $10,000 you have on there, you get ~$18/week in rewards/interest. They don't do annual or monthly, only weekly. The rates can change though. They have been anywhere from 8-12% recently. Just went up some. You have to be careful when looking at APR vs APY. APR is what we're used to seeing and is a little less. 10.05 APR = 9.56APY (because you're paid weekly it is a lower amount but ends up being the 10.05 after a year...I think?) If you're serious about moving anything over there, let me know so we can both get referral bonus. Not trying to shill it as I have zero USDC on there right now, but was thinking about moving some cash to get the rate. I currently have BTC, ETH, LINK, LTC, and MATIC on their site, but get a much lower return than the 10%
https://celsius.network/rates/ These pay out weekly and here is my referral code if anyone wants free money: Join Celsius Network using my referral code 1086082203 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself https://celsiusnetwork.app.link/1086082203
Is the only risk the fact the rate isnt fixed? The Bond you at least know you're getting 7% until April, I assume the USD thing is variable? Anyway to end up losing money? lol
Rate isn't fixed, but it's been around 10% as long as I can remember. Here's the governments recent report on it. https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf Tug plugged his, so I'll plug mine. Just remember, I mentioned it first :) Spoiler: Referral Link Join Celsius Network using my referral code 15286001d4 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself https://celsiusnetwork.app.link/15286001d4
Yes there’s a counter party and execution risk with all of the third party crypto companies offering higher interest rates. I think you’d have to be comfortable that the risk of them going belly up and keeping all of your money is far below whatever returns they’re offering.
I will look into it today/this weekend. Really I am just looking for somewhere I can park some of my savings account and get an OK return with minimal risk and also not have to worry about having a huge issue taking some out when I want. I havent gotten into any of the crypto stuff at all, so usually the deposit/withdraw is my biggest concern after the risk of losing money
Makes sense. I think of myself as risk averse, but I have money on it. If you're only putting a small amount for a short period of time, I'd go with the bonds.
Have you withdrawn money yet? It'd be nice to not have to worry about any restrictions on taking it out. The bonds have to be in there for a year, and if you cash out before 5 years you forfeit 3 months of interest.
It was 8.8% yesterday they just increased to 10.2 Some of the other items I have in there have been reduced but it’s still free money for them holding it
I assume you can just withdraw your money at any time? Can I just withdraw as USD into a checking account or does it have to transfer to BTC or something? I couldnt find any resources/FAQ on their website so thats why I am asking in here
They’re working on swaps, but you would have to extract to a wallet on an exchange. I just go back and forth between coinbase. I know a bunch of people that use Celsius as a crypto bank and no one has advised me of any issues to date I’m very supportive of HuskerInMiami advising of these products. It’s been very easy to use and you can enable HODL mode if you want, which means your acct is locked from withdrawal until a passcode is entered and 24 hours passes
I haven't done a withdraw on Celsius, but I have done a direct deposit (would it be direct withdraw?) to my bank account of more than 10k on Coinbase to my bank account with no issues.