Current allocation categories and expense ratios: Large Cap Stock - Value: 0.65 Large Cap Stock - Growth: 0.72 Mid Cap Stock - Value: 1.16 Small Cap Stock - Growth: 1.14 International Stock - Growth: 0.85 Any of those expense ratios grossly out of line?
Honestly, they're all pretty high. If you don't have access to any index funds under 0.5, talk to your employer about their shitty fund offerings.
I will check into it. Right now I'm just on one of the roboadviser plans with Prudential, target date I believe based on my preferences. I'll check and see what options I have.
International funds are up over 20% YTD. I'm in the Vangurd Euro-Pacific and International Index in my 401k. Quite nice.
Good call here. I don't really see the business model for Blue Apron and the other meal delivery services as being sustainable if they continue to operate independently. Too expensive to acquire and retain customers. Amazon or another company with an existing customer network and distribution channel could blow them out of the water IMO.
Agreed. There's no moat whatsoever with their business and they already have several copy-cat competitors that can just race them to the bottom. I've used Blue Apron before and while it was cool, the novelty wears off after a bit and you end up cancelling (at least I did). The rise of same day delivery and call ahead shopping make it even less desirable. Their window is closing IMO.
wrt lending club. bought a note on the secondary market that was in the grace period. paid $34.76 for a $50 note that was written at 16% interest rate. says that payment is pending. guessing that means that the person made their payment but just hasn't been processed? i may start to speculate in the secondary market with in grace period loans that are small monthly payments. this was a loan for $2,800 where the person is paying 60 bucks a month. what do you think? tmbrules
I would think there is some opportunity there. Seems like there are people who own loans and don't want to wait 3 years (or however long remains on the note) and would be willing to forgo a little money to get out of a position early. I have never used it before so not sure.
if this person completes the payments i should make ~100% in interest. guessing people get spooked when a loan goes into the grace period. but if someone is paying less than 100/month it seems like they could be able to get that person to start paying. i've done all manual investing on it. there are some loans that are approved where the person would have to pay ~$300/month and they have like 2400/month gross income. that doesn't seem feasible to me. there's a reason why that person has a dickload of cc debt.
Seems like an odd one. Is it correct that the first payment is 1 day late? Looks like the note was issued on 6/09/2017 and the first payment was due yesterday. Obviously that payment wasn't made as there have been no payments received. How much are they asking for that note? How much would you outlay to buy it? If its in that picture im missing it.
i paid $34 and they paid $50. it says in my account that the first payment is pending. i assume that means that theyve received the payment and it's currently being processed? not really treating this lending club stuff as investing--have a few grand in my account. but some of the notes in grace period on the secondary market are seriously marked down. guessing people getting spooked and willing to lose $20 and get out of it. i don't really care about losing some money trying to figure out if there is a bunch of money to be made or not.
I think its definitely worth checking out. $34 seems like a pretty good deal for that note. its basically a 33% discount for someone (albeit someone who was going to pay 16% interest) that missed the first payment. I agree its worth throwing some money at just to see how it works / what is out there.
the reason i liked that one is because the monthly payment is like $95/month and their gross income is $4,200/month just looked at another one i was considering but the monthly payment was $780. i don't think i would ever try to get into one of those.
In my experience, about half of the notes that fall in to grace period make payment within the grace period (they appear to do this every time, and are likely just using the grace period as a due date), and the other half never make another payment. Not a huge sample size by any stretch, but has been my experience.
i pretty much pay my car payment in the grace period every month because i have most of my $$ in business and investing accounts. and because they don't report it to credit, so there isnt any advantage to paying less than 20 days past due.
7/17/17 (Monday) Borrower contacted Payment Solutions specialist and promised to pay 7/17/17 (Monday) Payment Solutions specialist attempted to contact borrower (no message left) 7/17/17 (Monday) Payment Solutions specialist attempted to contact borrower (no message left) 7/17/17 (Monday) Attempted to collect payment 7/14/17 (Friday) Payment Solutions specialist attempted to contact borrower (no message left) 7/14/17 (Friday) Payment Solutions specialist attempted to contact borrower (no message left) 7/11/17 (Tuesday) PAYMENT Failed 7/11/17 (Tuesday) Notice sent to borrower: automated monthly payment failed due to non-sufficient funds this was all in the log under payment status it says pending. does that mean they were able to get the funds?
I could never out how much to rely on the "payment status" indicators. I had the same question you did and never got a clear answer.
if you are willing to bet on some people who are 15-30 days late you can buy some notes that will get you 300%+ i'm going to dig through some of them
Dryships did yet another reverse split today; did one in April, May and June as well. Oh well; back to shorting this on Friday!
tmbrules what are your thoughts on some long term puts on Snapchat? The first lockup period ends on the 31st.
my thoughts would be you shouldnt buy or write anything - unless youre protecting a position. anything else is pure gambling with snap.
I don't really know. I originally liked snapchat because of the anonymity it provides. I use it all the time now because my kids are just to the age where they can pick up my phone and read my texts. So i think there is some demand for it, but not sure if they can fend off the rivals. Taking a position on snapchat is no better than going to a poker table in my opinion. The lock up expires, yes, but that information is known and in theory should be priced in. So, i really wouldn't want to play snapchat either way, but if you put a gun to my head and made me choose i would choose to be long at these prices ($15).
Thanks. I might just get a few put contracts just for giggles and see what happens. BTW; I'm still exploring options but made my first profitable trades last week on SPY calls and AMD puts: $68!
I have a large amount of Phillip Morris I was thinking about selling to buy Amazon. Good idea? Amazon is pretty expensive.
If you want to short SNAP, the "locate" to borrow the shares from someone is something like 60-80% on annualized basis. (as of last week) http://www.reuters.com/article/us-snap-stocks-short-idUSKBN19W25O?il=0
Reasons I do: 1) I own too much in my personal accounts. Phillip Morris alone makes up about 14-15% of all my holdings (and that doesn't include Altria, Kraft, and Mondelez, so imagine what %age it was 10 years ago) 2) I've always wanted to own Amazon because I'm a big believer, but my financial advisers always cautioned me against it Reasons I don't: 1) After PM my next biggest shares are in Alphabet and Apple, and I feel like despite having 15% of my portfolio in PM, at least it's a different industry 2) Extremely intrigued by the growth potential of iqos/heatsticks internationally. I think it's the next big thing, but how much of the market share is achieved through cannibalization? 3) Amazon seems pricey at the moment, but I feel like it always does.
I missed the boat on Nvidia and haven't paid much attention to it. I am having a hard time wanting to be long anything. I just feel like in general the market is over valued here. Its even tough trading for me as i don't have any opinion or trading thesis to trade around. Im set up for a market sell off, but it just doesn't want to happen. Its like we are in the summer doldrums. Lots of NYC traders are probably in the Hamptons on vacation with their family. I suspect trading picks back up in the fall and a market pullback happens at that time.
I keep thinking it'll dip again, the other day it was $149 and I kind of had my target set at $140 I'd go grab some more, but now it's back up. Might hold off until the fall.
As someone with knowledge of the industry, iqos is a loooooooooong play. Cigarettes are still a ~76 billion dollar a year industry. Thats more than double beer, like triple liquor, salt snacks, etc. Prior to this year the industry actually experienced growth in the last two years, first time since 99. People are stoked about iqos but it will be a long ass time before iqos comes into significant play.
Wow never had a clue about the perspective of how big it was. I literally know and associate with two people that smoke tobacco.
I did mention that I've owned it for 10+ years. I am talking about long play specifically. You make it seem like iQos is not nearly as significant as I have been lead to believe, why is that exactly?