Not ORIG bad. Got in under $13. Was up 10% and was about to sell right before earnings. Ended up down about 12%. It was about a $2000 swing. I have a history with AMD. Was in it back in 2008 when it was trading around $2 and jumped to $7 or something.
So my significant other is in a higher tax bracket than I am. If we may get married next year should I go ahead and cash out gains in my taxable account this year?
If it's long-term capital gain it won't matter unless they are in the highest tax bracket. Could be some NIIT exposure if MAGI is above $250k.
Depends on the brackets and if they’re LT or ST. If you’re in the 10 & 15 percent bracket, then you won’t be taxed on any LT gains. If you’re higher than that, then it doesn’t matter unless you’ll be moving into the highest tax bracket when you get married.
Watching CNBC yesterday and today they're big on saying this little market retreat has a lot to do with concerns about tax reform. Not that long ago in this thread some people mentioned how they felt that reform was already priced into the market which was boosting stocks, so that makes sense to me logically that if they are concerned reform won't get passed this year we'd see a decrease in value. Seeing the Senate's version of the bill and how far apart it is from the House, I'm skeptical of anything getting passed this year as well. Those of you that are actually traders/advisors, is this a cause for concern for you?
Yes. This market has priced in a lot of things that may never come to fruition. IMO the yield curve flattening and widening credit spreads are more concerning
Neither the yield curve or credit spreads are particularly worrisome to me. Rates and spreads are still very low by historical standards. A small pullback is normal for equity and debt markets. They’ve been on a hell of a run. The S&P 500 is +15.3% YTD and +19.1% in the last 12 months. Spreads on the Barclays credit index have tightened 30 bps in the last 12 months which is just 6 bps off recent tights and the current yield is only 3.20% which is absurdly low historically. In HY the OAS is +363 and yield is 5.74%. All-time low yield is 4.83% in 2014 before oil sold off but the average yield since 2000 is 8.9%. At this point I view this sell off as a healthy re-evaluation of value amidst an unhealthy grab for yield. :2cents:
Yes, I agree with what Rabid said. Healthy sell off, people have been chasing yield while ignoring valuations. I also believed that the tax cuts were at least partially priced in. The sell off yesterday certainly seemed like it was tied to the news of the senate plan delaying tax cuts. I for one don’t think the tax cuts will pass. There just isn’t much there that seems appetizing to me. It’s more of a tax redistribution than a tax cut and it’s like they are trying to pick winners and losers. I think this sell off will continue, is needed, and warranted. The market has been on a seemingly abnormal trajectory the last 2-3 years and it can’t continue like this forever. I don’t think adjusting your cash allocation or repositioning to a more defensive posture is unreasonable here. Just my .02
To this point, I've actually sold off many of my holdings lately. I don't invest nearly as much as others that are active in the market and this rally has given me some nice gains that I'm now wanting to take out and use to pay off my student loans. I can finally see the light at the end of the tunnel on those and for me personally, I feel that paying those off would serve me better than keeping my holdings in a market that many agree is overvalued. I'm not crazy about completely stepping out and sitting on the sidelines so I don't plan on pulling out all my investments, just a good chunk because fuck student loans
Back to tax reform: I watched a lot of the Ways and Means session yesterday during their markup session and that was painful. Now, after going through a lot of the Senate's bill today, I think it would be best to reset a target for passing reform to middle of next year. The plans are pretty far off on some key points and this definitely isn't something that should be rushed. However, they're also under a ton of pressure to get something done this year so this should be an interesting next few weeks
Not going to turn this into a political thread, but Trump/this Republican controlled Congress hasn't shown the ability to pass through anything of any substance, so I wouldn't hold my breath on any tax reform.
An article from the Financial Times that i found interesting. The year after Donald Trump’s surprise victory in the US presidential election have been the quietest months for the US stock market in more than half a century. Since election day, the daily change in the S&P 500, the most widely followed index of US stocks, has been only 0.31 per cent as the blue-chip index has set new record highs. This is the lowest daily change in more than 50 years. Many have expressed surprise that markets have stayed calm amid the brinkmanship over North Korea’s nuclear weapons programme, but there is historical precedent for a sharp contrast between the strong performance of stocks and a turbulent political backdrop. A Financial Times analysis of historic returns for the S&P 500, dating back to its inception in 1927, shows only one previous period with lower average volatility. The quietest 12 months on record also followed a political shock, starting a week after the assassination of John F. Kennedy in 1963. The period saw an average daily movement of only 0.25 per cent. During those 12 months, the US also witnessed the presidential campaign between Lyndon Johnson and Barry Goldwater, which was thought at the time to signal new levels of acrimony, and the passing of the Tonkin Gulf resolution which paved the way for a major expansion of US involvement in the Vietnam war. The 1962 Cuban missile crisis, when the world came its closest to nuclear war, was still fresh in memories. Over the last half century, the index has moved by an average of 0.72 per cent each day, more than double the volatility seen this year. In addition to the low level of realised volatility in the S&P 500, investors have also hedged against future volatility in a way that shows they are not too concerned it will pick up. The CBOE’s Vix index, which is derived from 30-day S&P 500 options prices and was launched in 1990, hit its lowest intraday level in July and remains near that level. The strategy of “selling vol”, or betting on a fall in the Vix in the futures market, has been dramatically successful under Mr Trump. Over the past 12 months, the exchange-traded fund offered by BlackRock that mimics the result of selling the Vix has gained about 200 per cent. “Low volatility strategies have also been a major beneficiary of central bank purchase programmes, with such interventions possibly reinforcing the belief that ‘low vol’ should be equated with low risk,” said Jacob Mitchell, chief investment officer of Antipodes Partners in Sydney. He also warned: “The longer a low volatility environment persists, the greater the average equity market drawdown when it ends.” The combination of low volatility with very strong returns has spurred exceptional risk-adjusted returns, which are usually measured by the “Sharpe ratio”, which divides annual returns by annual volatility. “Sharpe ratios were higher a couple of times in the 50s and in the 90s, but the current Sharpe ratio would put this rally in the 0.3 percentile of the best times in history,” said Vincent Deluard, head of global macro strategy at INTL FCStone. “Let that sink in: this stock market is better than 99.7 per cent of the times since 1900.”
The higher you climb, the harder you fall? Thats what the article suggests. It kind of feels like we are playing a game of musical chairs. Ha
It's kind of hard not to suggest that when you consider the volatility. I realized the market has been great, but the article just put it more in perspective for me. With Trump at the helm no less. That just makes it funnier.
does roku offer a streaming service? if not, it could be a lot like fitbit and go pro who just get shit on constantly. i've had a roku since like 2014 and it cost $30 and i've never given them another dime
They do have their own app which has content on it, but I haven’t used it. I think your concerns are valid, but I also think streaming is only going to get more popular in the next decade and they’ve positioned themselves well as the go-to streaming device.
The device thing isn't really where they're going to win. They're gaining some traction there with the sling partnership thing but the real future for them is their operating system that is being built into tvs They've also recently purchased a start up that makes multi room, connected smart speakers so expect them to move into that
Roku reported Wednesday that its platform revenue - a segment that includes advertising and licensing fees - grew 137%, year-over-year. That was good news to investors, since the gross margin on platform revenue is a lot higher than the margin on hardware sales. Only quoting you because, never had a Roku and I had the same understanding as you. Does it have ads on there?
no it doesn't have ads--well at least if it does i've never noticed them. i could see them working a way to get a cut of fees from netflix/hulu/whoever who i stream via roku; i also have hulu where it plays ads, and could see hulu cutting them in on that. i admittedly haven't done much research at all on roku, but companies whos product is a device you don't need to replace yearly/every other year is going to be tough.
We both had the same question. Ark solved it a few posts up. They sell their OS for televisions. That's where those numbers are coming from.
I moved to a new company back in July and I am trying to figure out what to do with my old 401K money. I didn’t roll over to the new company, idk why. What should I do with it? Roth IRA?
I’m not sure, I’m calling the place tomorrow. So that’s what I’ll be asking. If it isn’t a Roth 401K, what should I roll it into?
Also, if it is a Roth 401(k) but you have employer-matched contributions that weren't taxed you'll need to roll those into a traditional IRA or pay tax on their conversion to a Roth.
Not sure if your old company did a % matching but its possible you wont see the % they matched from jan-july posted until jan or feb of 2018. Every company does things differently but in my experience thats what happened, so it might be in your best interest to wait on the roll over until then so you don't get hit with fees twice. It would be worth it to check their fee schedule.
If you don’t know that it is a Roth 401k then it is probably a normal 401k. And the company match is definitely 401k because they wouldn’t set it up to force themselves to pay more in taxes.
It's basically brand new. I had temporarily moved it to an IRA with my overpriced financial advisor that I've mentioned here. I have no reason to doubt it though, I have a 90/10 investment with them of about $20k and it has made 15% since I put it in. Granted the market has been good, but I'm loving the tax loss harvesting and the low fees. It makes it easy to understand and obviously the returns have been awesome. Figured I would just move the IRA over to them as well since it's about 1% drop in fees.
I'd simply get a Vanguard IRA rather than pay the extra fees for Betterment. If you don't want to do any managing of it, just put it in a Target Retirement Fund and forget about it. That's gonna be significantly cheaper and save you a ton of fees over the lifetime of the account.
Anybody work in Software as a Service type companies? Looking for companies such as Sprinklr, Radian6, Crimson Hexagon, Hoostsuite.