Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. pacey

    pacey Well-Known Member
    Donor

    I figured it was all of you guys driving that volume. Wasn't it our next pump and dump?
     
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  2. ohhaithur

    ohhaithur e-Batman
    Donor

    When do your Robinhood puts usually execute? I know I don't have to do anything, just curious
     
  3. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    About an hour before close.
     
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  4. BP

    BP Bout to Regulate.
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    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    So fucking infuriating.
     
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  5. ohbluefan

    ohbluefan Well-Known Member
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    Michigan WolverinesCincinnati RedsChicago BullsChicago BearsSan Diego Padres

    Told you all about the people at work using the CARE act to withdrawal their 401k for really no reason at all but to pay off their house, buy a motorcycle, pay off a car.

    Overheard one of them say today “I’ve always looked as my 401k as a savings account anyway”....good lord these people are stupid. Yeah a savings account that could make you $2,000 in a day.

    Mind you we make pretty good money (60,000-100,000 yr). These people aren’t hurting financially...just fucking dumb.
     
  6. poetictrojan

    poetictrojan Well-Known Member
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    Los Angeles DodgersLos Angeles LakersLos Angeles KingsChelseaSouthern California Trojans

    No way those people are withholding the right amount to account for taxes on that. Please report back next year when they are furious they owe $20k in taxes.
     
  7. stexraider

    stexraider Fire Everybody
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    Chicago CubsSan Antonio SpursKansas City ChiefsDallas StarsArsenalUnited States Men's National Soccer TeamTexas Tech Red Raiders alt

    the excitement over more states adding sports wagering to ballots spurring the gains - also the losses in SBTech were less than expected imo - and not steeper than expected. As long as Disney is in - I'll trail.
     
  8. ohbluefan

    ohbluefan Well-Known Member
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    Michigan WolverinesCincinnati RedsChicago BullsChicago BearsSan Diego Padres

    I’ll chuckle under my breath for a week when they all come back at tax return time and owe thousands...
     
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  9. ohbluefan

    ohbluefan Well-Known Member
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    Michigan WolverinesCincinnati RedsChicago BullsChicago BearsSan Diego Padres

    And 80% of them don’t understand compound interest so income tax brackets are not gonna happen.
     
  10. CTownND

    CTownND Well-Known Member
    Donor

    Boeing derived 39% of its revenue from the Defense industry last year, and will be >50% defense this year. It consistently generated 50-60% of its revenue from defense in the 2000s when commercial aerospace was reeling after 9/11. Commercial aerospace and orders come in waves - it won't see the 2014-2018 boom times for a while, but I think its silly to say nobody's going to buy planes again and you aren't long at any price given a 4-5 year horizon (unless you think Boeing will be nationalized, which I haven't heard in a while).

    A rare good short/medium term aerospace stock I like is AAR - they are mostly focused on MRO which usually gets hit lighter in a recession than aerostructurs/manufacturers, and gets out of the recessions first. Had a pretty steady five year run from $25 to $45 and is down to $15 post-COVID.
     
  11. CTownND

    CTownND Well-Known Member
    Donor

    Put more in today. I'm officially back up to 50/50 invested/market
     
  12. burnttatertot

    burnttatertot butt tuck zoomies
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    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Ready for 3,700 shares of PCG to pop. I assume you all got in when I told you to.
     
  13. ohhaithur

    ohhaithur e-Batman
    Donor

    I had the stocks to cover so they processed an hour after
     
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  14. Struggler

    Struggler Well-Known Member
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    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Fuck
     
  15. southside

    southside Well-Known Member
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    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    I would like to see it in relative terms to overall market size, because it's obvioisly much larger now

    But not good bob
     
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  16. kentucky_dawg

    kentucky_dawg Fan of: Georgia
    Donor
    Georgia Bulldogs

    Do short-term/long-term gain taxes come into play when you withdraw from a tax-sheltered account? Never even considered the idea of withdrawing from these accounts so I have no idea, but it could be even worse for these people if so.
     
  17. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    No, it’s ordinary income.

    If you’re dumb enough to withdraw from them (unless you meet an excepted criterium and have reserved the cash to pay the tax) probably no consideration is given.
     
    #17018 Jimmy the Saint, May 16, 2020
    Last edited: May 16, 2020
  18. Oranjello

    Oranjello Well-Known Member
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    Green Bay PackersNew Orleans SaintsGrateful DeadMississippi Rebels

    Remembered about $6k in a retirement account from an old job a few weeks ago. Its half in a Roth 401(k) and half in a 401(k). Talked to the administrator yesterday and was about to roll it all to a Roth IRA (and pay the taxes), but maybe since I’m paying the taxes I’ll just take the distribution. Hrmm
     
  19. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    Unless you need the cash why wouldn’t you just roll it into an IRA and Roth IRA and pay no taxes?
     
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  20. Oranjello

    Oranjello Well-Known Member
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    Green Bay PackersNew Orleans SaintsGrateful DeadMississippi Rebels

    Notwithstanding the trillions of dollars spent in the last 90 days that will necessitate an increase in tax rates, I will more likely than not be in a higher tax bracket later than life than I am in now, so Roth makes sense. The non Roth funds were employer match. I also don’t have an IRA open and I could use the cash for some wife related expenses like a proper wedding band or a car since hers died. I don’t need the cash but she does so therefore I do
     
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  21. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    That's understandable. It's all a guessing game but paying your top marginal rate now on it may or may not be less than bracketing it down the road.

    Tax rates will undoubtedly go up but that doesn't mean you won't be able to manipulate them decades from now.
     
  22. Oranjello

    Oranjello Well-Known Member
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    Green Bay PackersNew Orleans SaintsGrateful DeadMississippi Rebels

    Current rates are an anomaly in the history of the income tax. We don’t know for certain, but history says they’ll be higher than they are now.

    My actual thought process was selfishly: wife wants a wedding band that is more than I want to pay, but if I can get her to share in the taxes associated with this money I basically found, then she’ll have some skin in the game and hopefully make a more rational decision. We’ll see it’s not like I have to make a decision today
     
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  23. southside

    southside Well-Known Member
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    I'm of the opinion we'll see higher interest rates much sooner than higher income tax rates (if at all)
     
  24. Oranjello

    Oranjello Well-Known Member
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    Green Bay PackersNew Orleans SaintsGrateful DeadMississippi Rebels

    No idea when tax rates will go up, but there will be changes at some point. Whether that be in the form of additional brackets, higher top marginal rate, or a combination of the two, I think it’s reasonable to expect that some proportion of Americans will be paying more in income tax between now and retirement (and not due solely to an increase in earnings) which was the context of the discussion.

    short term, corporate tax rate increases are slowly starting to be discussed.
     
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  25. construxboy

    construxboy xenForo is the new TMB
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    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    Maybe but if you're 15-20 years from retirement, it's not hard for me to think there is a decent chance there will be a higher tax brackets. Heck, the cry for public universal health care is just increasing after this pandemic. I think it's a mistake to assume that just the super rich will pay for it. It will affect the middle class as well.
    My best advice on retirement money is to try to have 15-25% in Roth accounts, depending on your situation and forecasting beliefs. It never hurts to have options when drawing down your funds.
     
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  26. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    Currently 50% Roth, but have switched my 401k to all pre-tax so now I'm around 75% Traditional for all future contributions, so I'll slowly decrease my ratio of Roth.
     
  27. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    It’s good to have a mix to draw from.
     
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  28. Oranjello

    Oranjello Well-Known Member
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    Yeah I’m in the process of interviewing financial advisors and I’ll pay them to tell me the correct mix with my tax input (tax attorney).

    It just hadn’t occurred to me that I could tap this retirement stuff without penalty and pay for all of my wife’s sudden expenses. Married for 5 months, lots of shit has happened family wise, and access to a couple grand would be sweet since she doesn’t make much money (but works in a socially beneficial job so it’s worth it). No need to disrupt cash flow or things like that. I’ve gathered this is pretty common, but she had several grand in credit card debt from the wedding and then her car died. I’ve paid the CC debt off and now I have to buy her a car. Marriage!
     
  29. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    What kind of tax practice do you have?
     
  30. Oranjello

    Oranjello Well-Known Member
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    Green Bay PackersNew Orleans SaintsGrateful DeadMississippi Rebels

    High net worth individuals and closely held business. Predominantly fund formation, real estate investments, etc. I try to stay away from M&A but sometimes get roped in. More and more non-profit, which I enjoy.
     
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  31. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I do mostly corporate and partnership. Half my bookshelf is 704 regs :killme:
     
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  32. Oranjello

    Oranjello Well-Known Member
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    Green Bay PackersNew Orleans SaintsGrateful DeadMississippi Rebels

    Yeah I’ve been slowly transitioning to a corporate attorney at my new firm out of necessity, but I still work a lot with the code and regs tweaking things for existing clients. Spent a considerable amount of time over the last few years structuring opportunity zone investments, which has been a good niche to build as an associate but I don’t think it’ll be long lasting
     
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  33. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    I inherited a bunch of student loan debt for stuff she doesn’t even use. Marriage is great.
     
  34. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa



    From this article, saudis own a bunch of carnival cruisline and Marriott. People are going to want those SoftBank shares about as much as the banks want a cruise ship at collateral

    the dumbest of dumb money
     
  35. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    those are the SoftBank shares that are invested in the fund they bought wework with isnt it? I’m sure there are some decent winners in there but if I remember correctly that fund was a solid loser overall with Wework and Uber positions flopping.
     
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  36. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I know those feels. I inherited my wife’s; she inherited mine.
     
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  37. southside

    southside Well-Known Member
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    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

  38. CTownND

    CTownND Well-Known Member
    Donor

    What was the latest thread belief on GILD - buy long-term?
     
  39. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Premarket very green. My MGM calls are taking off and some of my pennies are even hitting
     
  40. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    Well getting out Friday is liable to screw me today.....IVV is way up right now.
     
  41. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    I know I’m in this for the long haul but I can’t help wanting to bank these profits after this morning’s early jump. Instead I’ll just keep buying each 500-1000 point pull back. Still more than 50% cash.
     
  42. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Regreting my Moderna sale rn...

    BREAKING: Moderna posts a promising snapshot of human data for a leading Covid-19 vaccine

    https://endpts.com/breaking-moderna...of-human-data-for-a-leading-covid-19-vaccine/
    Quote:The bottom line: Moderna’s mRNA-1273 triggered a therapeutic immune response in 8 patients at the low and mid-dose — 25 µg and 100 µg after a single injection. There were dose-dependent increases in immunogenicity through both doses covering 4 patients in each group, according to Moderna, with patients achieving the same or better level of response seen in recovering patients.

    That would imply likely immunity. And while there were several grade 3 reactions in the very highest dose of the study, which is now being dropped, Moderna says there was nothing yet visible on the safety side that would prevent a global rollout, as researchers set out to determine which dose should be taken into a pivotal.
     
  43. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    I’m with you. I bought a few Jan ‘21 $10 MGM calls last week near a bottom and I expect them to be up about 50% when the market opens. Debating whether to let them ride or just cash in
     
  44. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    Market flying. Read an article where they were speculating that institutional money that has to make X% return each year has nowhere else to go so they are hoping that the markets can bring return. All of these institutions are driving stocks up. It definitely seems like we are moving into a stock pickers vs indexing market but I’m not sure what will have to happen for the market to fall hard again. Maybe a full second wave of the virus?
     
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  45. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    A big second wave would certainly make the market drop hard again, but I don't think it would be as devastating as the first wave. We now have more PPE, Ventilators, Hospital beds, treatments, etc. We are dramatically more prepared for a second wave, though it would still hurt the economy. Just not as much.
     
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  46. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    health wise I completely agree. We are much more prepared. Economically? I think there are plenty of businesses that couldn’t survive the first shutdown and are holding on for dear life. So many businesses, small and large, living on credit. Leveraged debt is a bubble the virus may have bursted. Too early to tell. Second wave I think would do it in. Hopefully we don’t have to find out.
     
  47. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
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    In my opinion- because we are more prepared, we wouldn't have to shut down the economy again. Like you said, hopefully we don't have to find out.
     
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  48. Tammy Chiggers

    Tammy Chiggers Well-Known Member
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    South Carolina GamecocksAtlanta Braves

    Noob question #22:
    I fell asleep and didn't do anything to my 5/15 MVIS $1 puts. I had 5 puts. Now, my account shows I own -500 shares of MVIS. On TD Ameritrade platform. What next?
     
  49. southside

    southside Well-Known Member
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    Those DKNG calls just printed
     
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