Official Investing Thread

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

  1. Oranjello

    Oranjello Well-Known Member
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    Finally. It's over.
     
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  2. Joe Louis

    Joe Louis no thank you turkish, i'm sweet enough
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    just on the markets related stuff of late. i'm sure it's not that big of a deal but lots of public "buy this, sell that, #holdtheline" etc, i'm not sure if a publicly traded BOD wants their most notable public facing figure treading in those waters :idk:

    obv they aren't concerned about the partnership overall otherwise i think he'd be dialing his twitter account back a bit ...
     
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  3. gordon bombay

    gordon bombay magician's alliance enthusiast
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    Gotcha and agree he walks a very tight line. I will say this tho, Portnoy understands clicks and he has basically made himself the face of the "retail trader" for the last year.
     
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  4. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
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    Felt like I was being pounded by an 18” cock for most of the week. Theta Gang for the foreseeable future
     
  5. Kevintensity

    Kevintensity Poster/Posting Game Coordinator
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  6. Joe Louis

    Joe Louis no thank you turkish, i'm sweet enough
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    absolutely, the pros i am sure outweigh any potential cons. i just know in my world no matter how often i might say "i am not an advisor, don't listen to me" but then clearly provide info that can be construed as advice, it would get me in a lot of hot water. but i am a plebe on salary so that's how it goes. i do wonder if there could be a breaking point for PENN, being a public traded company and given his very public, market-specific statements & activity ...
     
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  7. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Accountant informed me that I’ll get $17k back on my tax return. Breaking even after this week on the market.
     
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  8. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    this hurts my soul every year even tho i know you're going to post it
     
  9. The Blackfish

    The Blackfish The Fish in Black
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    I have not heard of this. Is it a known thing? Does dukebuckeye have some really bad reason for getting so much back on his returns that I’m sure he believes in for some reason?
     
  10. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    yes

    (not so much that he believes in, just that he's psycho who likes loaning the government a bunch of money for the endorphin hit when they give him his own money back)
     
  11. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    My situation is unique and I don’t care enough to figure it out so I generally just overpay for the year.
     
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  12. The Blackfish

    The Blackfish The Fish in Black
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    You do you, it appears this has been hashed out before so whatever works for you.
     
  13. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Humor me-

    My wife owns her own business and is a 1099 independent contractor. Income is variable.

    I’m a Managing Partner at a Recruiting Firm and I get a base, bonuses, and equity distributions.

    Of the four income streams, only one is predictable.

    What would you suggest?
     
  14. The Blackfish

    The Blackfish The Fish in Black
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    A better accountant
     
  15. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Lol. Therein lays the problem- it’s the same guy I’ve used since I was a broke recent college grad. He’s cheap and I know him and I don’t care enough to fix the issue.
     
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  16. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    17k gaddam.

    Gonna owe $73, nailed it.

    [​IMG]
     
  17. kinghill

    kinghill Cool American Flavour
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    Well done. I had to pay about $150 this year and got a refund of about $200 last year. So close. No accountant needed.
     
  18. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    You’re too wealthy to have such a shitty accountant.
     
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  19. tjosu

    tjosu This is kind of like the breakfast club, huh?
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    If this guy is worth a shit at all it’s really not difficult to compute estimates tax payments throughout the year. 4 times a year he’ll predict your income based on your year to date and then make sure you’ve paid in enough to that point.
     
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  20. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Right- that goes back to me not caring enough to ask him to look into it and him just being an average, cheap Accountant.
     
  21. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    You're throwing around the term "average" very generously here I think.
     
  22. DollarBillHokie

    DollarBillHokie Usher is the worst
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    The potential transaction costs of massively fucking up your taxes every year is far more expensive than an average tax accountant. You should at least tell your shitty accountant that he’s doing it like a moron.

    And, if your guy sucks this much, you should honestly be concerned he’s completely fucking up your taxes.
     
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  23. kinghill

    kinghill Cool American Flavour
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    I’m gonna go out on a limb and suggest that dukebuckeye just doesn’t care enough
     
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  24. The Blackfish

    The Blackfish The Fish in Black
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    If he’s a fan of flushing money down the toilet he’s found the right thread
     
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  25. blotter

    blotter Aristocratic Bum
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    Florida State Seminoles

    VTI and whatever else with fees are only paid on the front end, right?

    opened an roth and traditional IRA finally.. does contributing to the traditional IRA do anything for me this year if I'm not planning on having much of a taxable income? Appreciate if anyone wants to throw a bone to a clueless person
     
  26. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    I would go Roth first then Traditional contributions could lower your AGI still.
     
  27. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Roth so long as you have enough earned income to cover the contribution requirement.
     
    #24727 Jimmy the Saint, Feb 27, 2021
    Last edited: Mar 1, 2021
  28. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Today was fun.
     
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  29. BUstang

    BUstang Lawyer

    I threw some money into 3/9 $23.5c on RKT. The analysis makes sense to me and it seems like the retards on WSB are hopping aboard. Should be a decent pump this week.
     
  30. The Hebrew Husker

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    Just checked my account, damn can it do that every day until I retire?

    DKNG up like 13%
     
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  31. Hawks11

    Hawks11 The arsonist has oddly shaped feet
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    Yep. DKNG, GAN and PENN were beautiful today.
     
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  32. blotter

    blotter Aristocratic Bum
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    Florida State Seminoles

    apologies if this should be in the WSB thread, but same SPAC crew from Draftkings and Skillz listed SRNGU as of Friday .. cant remember if the floor is 10 or 10.50 on this SPAC, someone would probably want to look that up and do some risk/reward math but closed at 11 current ask at 11.15

    saw some super flimsy speculation after I had already made my position that Sportradar might be the target because MJ is on advisory boards for them and DKNG and thus familiar with the team .. super super flimsy
     
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  33. Hawks11

    Hawks11 The arsonist has oddly shaped feet
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    Thanks for the info. I’ll look it up and check out its financials.
     
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  34. blotter

    blotter Aristocratic Bum
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    Florida State Seminoles

    not that it really matters, but they listed last wed not friday
     
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  35. Creighton

    Creighton Well-Known Member

    Now that Robinhood has changed the game with commission free trading, what's the best company to do a rollover IRA?
     
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  36. momux

    momux AFAM Scholar
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    lol the fuck is this?

    to answer your question, fidelity, tda, merrill, etrade, schwab are all good options.
     
  37. Creighton

    Creighton Well-Known Member

    Now that cost really isn't a factor, which company is the most user friendly?
     
  38. momux

    momux AFAM Scholar
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    Cool. Maybe just don’t use marketing copy the next time you ask a “question”
     
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  39. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    Depends, do you like being told what you can and can't trade based on market volatility?
     
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  40. Ty Webb

    Ty Webb Living rent free in Jigga's head
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  41. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
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  42. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    Is that an ETF for pump and dump stocks?
     
  43. BUstang

    BUstang Lawyer

    That RKT play helped undo the fucking I received on VST. Could have held longer and made more but options make me nervous. Turned $800 into $3k.
     
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  44. The Hebrew Husker

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    Someone on Reddit a couple days ago guessed this was what the announcement was and said it’s basically a way to get in on WSB/trendy type stocks without having to spend say 350 on GME or whatever.
     
  45. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    With a few exceptions, not really. Think it said $5 billy market cap
     
  46. Creighton

    Creighton Well-Known Member

    Interesting concept and catchy name.
     
  47. The Hebrew Husker

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    I’m not saying it won’t perform but it reminds me of gambling tout services. “We have an algorithm and based on last year when we weren’t actually in the market we would have destroyed S&P’s return!”
     
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  48. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    It's not like this type of investing hasn't been going on for a decade at least. This is simply a smart move to market to the masses and gain AUM. Like you I have no idea how successful it will or won't be.
    https://www.good.is/articles/unbeli...ock-goes-up-when-anne-hathaway-is-in-the-news
     
  49. BUstang

    BUstang Lawyer

    I left a lot of money on the table. Fuck.
     
  50. Tug

    Tug Well-Known Member
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    So this is a fun little hobby I wish I hadn’t picked up