Melvin Capital named the worst performing hedge fund of 2021 with -41% returns According to Bloomberg, Melvin Capital was the worst performing hedge fund of 2021 with -41% return during the year. Melvin Capital was in the spotlight of news back in January and February of 2021 during the Gamestop and AMC meme stock saga. Seems like the reddit community of WallStreetBets did actually end up making a major dent in the returns of the fund. During the peak of the meme stocks mania, Melvin Capital received a major cash injection from firms such as Citadel, which is now a stakeholder of the fund.
It's an above-the-line deduction to arrive at AGI if you meet certain requirements. So like the answer to basically every tax question, maybe. The answer is probably yes but I would discuss it with your tax professional.
The elite taking care of each other. They got RH to stop trading to stop the bleeding. Got sued for it and it got thrown out bc the judge said it was suspicious but no wrong doing could be proved.
I’m holding and praying. After these last ~22 months I’ll be fine with a calmer year. Of course selfishly I want another double digit return in the S&P. Think my main goal in ‘22 will be to focus less on daily (hell sometimes hourly) swings and just get better at not putting so much emotional energy into my portfolio’s performance. I’m still researching some dividend producing ETF’s. I somehow made $6k this year. I really like SCHD because it appears to me to be not have much crossover compared to all the VOO and VGT/QQQ I hold.
Anyone see this blog story about the fed providing liquidity to JPM, GS, BofA and Citi in late 2019? Pretty interesting stuff. https://wallstreetonparade.com/2022...me-journalists-appear-to-be-under-gag-orders/
Plan was to get out of my individual software and cyber plays and get into SCHD in 2022. Not sure if today accelerated or slowed that down. Basically looking to close out my NOW, TENB, PANW, FB and CRM positions while holding AMZN, GOOG and AAPL. Also thinking of moving my QQQ/QQQm into SCHD also. Closer I get to FIRE this makes more sense to me.
I sold NOW awhile back and too early, dumped half of my CRM position Monday (dodge a bullet there), doubled my AMZN position for reasons unknown, picked up GPN a couple weeks ago and it's already up 12%, started a position in TCEHY today. I'll picked up more tech after it peels back 20-30%.
I’ve owned SE for 10 months. Was fantasizing about the long term cap gains exit. Guess I’ll keep holding - good company I’ve doubled down on SLB and OXY. got stop lossed on CRSP. -10% in 3 days. That’s sucked
It's hard not to, I should use more stop sells. I bought ADBE at 443, sold less than 4 months later at 588, watched it run up to 700. While it's come back down to earth a bit I wont touch it until it gets below 500. My CRM buy in is 207.
I shy away from O&G stuff. All of my ETF holdings are of the ESG variety, because I’m basically saving the world by myself.
My mom gifted me 14k this year. What would you guys throw it in? Was thinking SPY but worried that we might be at a high point.
Got into a debate with a friend and I'm still not sure who is right. I've read Bogleheads and obviously high interest rate loans should be paid off early. But what about low interest rate loans v putting your money into high yield funds. Do you pay off a $30,000 3% loan or put that $30,000 into a high yield fund that earns 10-20%?? I don't mind having 3-4% loans out there (cars, HELOC etc) when I'm getting 19.7% from VTSAX. In fact it makes no sense to me to use that money to pay off the loan.
Yes that would be the thought. There’s some personal preference that comes into play i.e. whatever helps you sleep at night but in general the financial savvy move is to carry the low interest debt in favor of historically reliable gains. Your friend probably should stop listening to Dave Ramsey
Stuck out in my memory because I have a guy at work that was constantly pushing ARKK around the same time.
It was a fun run, should have sold when I was up 45% but didn’t get out until later up around 8%. I’m with you on index, 80% of my stuff is vanguard large cap etfs. This section of my portfolio outshined my self managed in 2021.
Your friend is an idiot and probably doesn’t believe in credit cards either. Dave Ramsey claims another victim.
I enjoy reading this thread and following everyone’s wins and losses. I get a lot of FOMO. Not trying to rub your nose in anything just having fun.
To tack on to other responses, I think it's fine to keep 3-4% loans, especially with inflation rising a bit. Keep in mind that the stock market probably won't be returning 20% every year and will probably have a pullback or be flat at some point in the future. It all depends on how you feel about having debt.
Generally this argument is irt having a mortgage vs paying it off asap. In that case, yeah, invest instead of paying down a low rate mortgage that you can write off interest and your home is likely appreciating in value against inflation/interest payments. I would say it’s not as obvious/cut and dry as pay off my 3% mortgage vs getting 10-20% returns… long term it’s more likely going to be pay off the 3% mortgage vs getting 6-7% avg returns. Still a smart move. If rates ever approach or even flip avg yearly returns of the stock market itd likely be better to pay off the mortgage asap. That said I can’t really think off the top of my head of any other long term low rate debt on an appreciating asset that you can write off on taxes - so I’m not sure you should lump in other debts to this strategy - like a car payment bc you’re usually (not now) losing equity to interest/depreciation. Right now is a once in a lifetime event wrt to car prices/positive equity.
I have held SE for a few years now, still love the company. My current feeling is that we still have a bit lower to go, none of the mega caps have taken a hit at all. I still think that needs to happen for the Fed to reverse course at which point it will be full steam ahead.
Bunch probably wasn't the right word, about 4 or so Cathie Wood-esque tech plays that I tried to chase like an idiot. Live and learn. Freed up some cash for now though.