Official Investing Thread

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

  1. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    Dumb question for a guy who has ridden 401k and long term investments since the start but bought a handful of names as value plays in March and is thinking about taking a profit prior to the election. How do you guys who are regularly in and out of trades manage taxes in profits. I don’t want to take my profit, reinvest 60 days from now and then get a tax bill in April that forces me to sell again to pay. Use Fidelity, do most services have a calculator of sorts that helps you know what to set aside? Anything more efficient than that?
     
  2. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Yeah, the Dow, whatever it fell to last time 23/21/18. I don't remember, I just know I was buying at rock bottom prices and would like another opportunity to do that again.
     
  3. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Wing it
     
  4. Sportfan

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

    Woof, well I guess I get to buy this dip on commission pay day Friday. Didn’t take nearly enough profits two weeks ago lol.
     
    dukebuckeye likes this.
  5. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    Here's my casino winnings for the period between 08.01.2020 - 10.28.2020. Will definitely take a major hit today though.

    upload_2020-10-28_8-56-22.png
     
  6. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Bring on the red. My body and portfolio are ready.

    what are the chances we see DOW 24,000 again this year?
     
  7. infected donkey

    infected donkey Arkansas Razorbacks
    Donor
    Arkansas RazorbacksChicago CubsAvengersBarAndGrillSoutheastern Conference

    Just loaded up on some inverses.
     
  8. NothingIsOT

    NothingIsOT Prom pic
    Donor
    Miami MarlinsMiami DolphinsFlorida PanthersDetroit TigersMiami Heat

    sold SPY 12/18 250 puts this morning. 25% down.
     
  9. ohhaithur

    ohhaithur e-Batman
    Donor

    Lemme get a crumb
     
    The Milkman, shawnoc and Houndster like this.
  10. Sam Elliott

    Sam Elliott Job title: Assistant Bouncer at the Double Deuce
    Florida State SeminolesChicago BullsGreen Bay PackersTampa Bay LightningManchester United

    Got in at $76, fingers crossed back to $100+ soon.
     
  11. Gritty Badger

    Gritty Badger Well-Known Member
    Donor
    Philadelphia PhilliesPhiladelphia Eagles

  12. pacey

    pacey Well-Known Member
    Donor

    Draft Kings is finally up.
     
  13. Dale Doback

    Dale Doback Well-Known Member
    Donor

    Just bought some Callaway Golf ($ELY) calls. Down 24% on them acquiring top golf seems excessive.
     
    dukebuckeye and BP like this.
  14. pacey

    pacey Well-Known Member
    Donor

    Bought more DKNG and QID. I think i am a glutton for punishment.
     
  15. Nashville Knight

    Nashville Knight Well-Known Member
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    How much further are we falling and when should I buy more long-term VOO?
     
  16. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    I'm 70% cash right now in my day trade / swing / semi-long account.

    20% was thrown into RKT today at 18.82. Earnings coming up Nov 10th and they should crush it just they did the first time w the hot housing market and interest rates.

    But unlike last time, I am going to sell the run-up and not die a miserable death holding through them. Report was straight fire, and the sell off was legendary.
     
  17. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    I am not going long on VOO, QQQ, SPY for a bit. I think the flux before, during, and after the election is going to provide some value into the new year.

    But a number on the daily there to watch is 296. So hard to find legitimate long term support on some of these post-mid march moves. Everything just looks so extended.
     
  18. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    if biden wins and gets the senate the market will probably be static or rebound as the dems will make it rain stimulus in february

    but the inbetween period will be catastrophic

    *sitting on all his cash until we know*
     
  19. NothingIsOT

    NothingIsOT Prom pic
    Donor
    Miami MarlinsMiami DolphinsFlorida PanthersDetroit TigersMiami Heat

    Is this sarcasm or your actual thoughts?
     
    brolift likes this.
  20. Gritty Badger

    Gritty Badger Well-Known Member
    Donor
    Philadelphia PhilliesPhiladelphia Eagles

    I sold everything I bought back in March yesterday. Let me see them red numbers.
     
    infected donkey likes this.
  21. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    this is my actual thoughts and if people are smart should be the broad consensus

    mcconnell tanked all stimulus pre-election, they want to be able to tank the economy if biden wins but doesn't get the senate to set themselves up for midterms

    if dems get the senate they'll push through their 2.2 trillion or more plan, probably even higher since the pain that will happen between now and then
     
    Bo Pelinis and NothingIsOT like this.
  22. NothingIsOT

    NothingIsOT Prom pic
    Donor
    Miami MarlinsMiami DolphinsFlorida PanthersDetroit TigersMiami Heat

    I agree. I buy a bounce off of a Democrat infrastructure bill. I also agree we’re in choppy waters.

    Raising cash till January. Sell puts at or near the March lows on quality companies or indices.
     
  23. Sportfan

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

    Yea I am of the mindset that I’d like to make a big bet with so much on the sidelines I’m just not sure on what or how.
     
  24. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i'm going to trickle some in during this dip fwiw, the odds of a Biden win + senate majority are pretty high so don't want to whiff the potential surge off that result
     
    dukebuckeye and Sportfan like this.
  25. poetictrojan

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

    This election has a chance to be a shitshow with Trump not conceding and corona will get worse. With that said if you look back the market in election years after the election is over has handily outperformed the market at the end of non election years. The markets like certainty and typically are volatile during election years but then run to end them regardless of who wins. IF Biden wins I think you see the market run in anticipation of stimulus.
     
  26. ohhaithur

    ohhaithur e-Batman
    Donor

    So many big earnings between now and Friday's open
     
    The Milkman and Sportfan like this.
  27. dukebuckeye

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

    I also get a big commission check this Friday. Plan I’m putting most of it into the market. Should be awesome buying opportunities for the next few weeks/months
     
  28. southside

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

    Wooo Pinterest
     
    gordon bombay likes this.
  29. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    Loaded up on leaps today. Love these big red days. JD 06.18.21 $85c, Baba 06.18.21 $310c. Bought JMIA shares as well
     
  30. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    Puts on VXX, you’re overthinking this. Going to be a landslide.
     
  31. dukebuckeye

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

    Can I just give you $20,000 and you do the work for me? I have no idea how to play the options game.
     
    letan, The Milkman and Fusiontegra like this.
  32. infected donkey

    infected donkey Arkansas Razorbacks
    Donor
    Arkansas RazorbacksChicago CubsAvengersBarAndGrillSoutheastern Conference

    Made a quick grand with in the first hour after the markets opened. Never got another chance to get in again because work got in the way.
     
  33. gordon bombay

    gordon bombay magician's alliance enthusiast
    Donor
    Georgia Tech Yellow JacketsAtlanta BravesAtlanta HawksAtlanta Falcons

    My own personal situation has kept me from getting in. None of the girls I know (my wife) use it anymore. Maybe like FB its filled with the boomers.
     
    Fusiontegra likes this.
  34. Sportfan

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

    I’m of the mindset at least in the short term that a Dem blowout is the best for long plays. Guarantees taking Covid seriously and getting stimulus. If it’s a tight contested election I’ll be happy I have a ton of cash on the sidelines. Still about 60% invested.

    Thanks for attending my TED Talk.
     
  35. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    I did a bunch of research and reading a few months ago and then got side tracked from putting money into some Vanguard Funds. Now I figure I might as well wait until the election is over.
     
    brolift likes this.
  36. FriendsofJtyler

    FriendsofJtyler I strenuously object
    Donor TMB OG
    Clemson TigersWashington Capitals

    It’s not sexy but putting your savings in diversified index funds and letting it sit for 30 years is going to beat the vast majority of stock pickers time and time again.
     
  37. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    That's what I'm doing. I figure it really doesn't matter even I do get in to some index funds right now because even if they dip due to the election etc over the course of 30 years it will just be a blip. But I've still been a little scared .
     
    Sportfan likes this.
  38. HuskerGuy99

    HuskerGuy99 Above Average Member

    SPY 323 Death Level back in range. Waited for a break of 320 last month before believing extended selling and it didn't happen. Will do the same today. Things look pretty bleak all around. Everything selling off. We will need to see some green today or I think things can snowball. VIX above 41 this morning. VVIX was above 150 yesterday at close. These are scary numbers that need to abate. No shame in waiting until the election passes before getting your feet wet. Volume was highest since early September sell-off yesterday.
     
    HuskerInMiami and Sportfan like this.
  39. brolift

    brolift 2sweet
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    Time to load up on NOK?
     
    NothingIsOT and Dale Doback like this.
  40. Dale Doback

    Dale Doback Well-Known Member
    Donor

    Anybody have any thoughts on TBK? Has been rallying lately and CEO and other execs sold millions in last few days
     
  41. Sportfan

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

    I’m going to buy a sizeable chunk of AMZN just can’t determine pre or post earnings.
     
  42. brolift

    brolift 2sweet
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    Time in the market > timing the market
     
    Jimmy the Saint, Lyrtch, BP and 2 others like this.
  43. Dale Doback

    Dale Doback Well-Known Member
    Donor

    I bought a handful of .10 calls for $3.50 strike on Nov. 20
     
    brolift likes this.
  44. brolift

    brolift 2sweet
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    U options guys have sack.

    Bought shares
     
  45. Stagger Lee

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

    AMZN crushes earnings estimate and the price plummets immediately from 3,320 to 3,140 (and still falling)
     
  46. HuskerGuy99

    HuskerGuy99 Above Average Member

    114K futures contracts dumped right before the close. Man you can't tell me FOMO wasn't starting to kick in if you were watching action all day. What a nasty dump after letting the price move up like that.
     
    Sportfan likes this.
  47. Sportfan

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

    Well happy to own GOOG, sadly my AAPL position is 5x it. I’ll be buying more AAPL in the AM because I’m a junkie.
     
    Fusiontegra and RockHardEnis39 like this.
  48. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

  49. Stagger Lee

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

    Damn. I’m over here celebrating $100 profit trades and pretending the $500 loss trades were an anomaly
     
  50. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    Just pretend it’s shakedown street. Happy Halloween