Official Investing Thread

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

  1. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    If we have less generous social welfare programs in thirty years I don't really want to know the rest the dominos that fell.
     
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  2. Struggler

    Struggler Well-Known Member
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    Minority taxpayers probably won’t want to keep paying for old whites Medicare and SS. Immigrants even less. “My parents paid in and aren’t paid a check either. Sorry, not sorry.”
     
  3. The Milkman

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

    Sold 450 shares of Baba at 224 last week.prior to ER, long term cap gains to boot. Now it's ~10% of portfolio, which is much more risk appropriate. Going to hold this shit forever. I appreciate some of the advice from guys in here last month, even more now with coronavirus uneasiness.

    Dumped 75% of the proceeds into Vigax (nasdaq correlated) to increase my position by 80%. The rest was put in TC Energy (Keystone XL and Buckeye Xpress are both being kicked off this year), while their competition in the Marcellus/Utica is floundering with FERC issues (EQT, Duke, Dominion).. TC acquired Columbia pipeline a few years ago, so they have existing right of ways in the region. This gives them a huge advantage to move quickly and outside of the normal FERC approval process if they see a need to increase volume. Pays a nice dividend too.
     
  4. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I thought this was pretty interesting, showing how the key indices performed each year.

    upload_2020-2-17_17-56-5.png
     
  5. The Milkman

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

    AAPL just lowered guidance. Look out
     
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  6. Det. Frank Bullitt

    Det. Frank Bullitt God Bless Texas
    Donor TMB OG
    Texas LonghornsManchester United

    Their last year has baffled me (even in sub-view of L6 months or YTD)
     
  7. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    As more news comes out, I'll be looking for an opportunity to ride TECS for a bit.
     
  8. The Milkman

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

    Yep. Trading at ~5 now. Was trading at 18 a year ago
     
  9. Gallant Knight

    Donor
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  10. NC Wolfpack

    NC Wolfpack Go Pack Go
    Donor
    North Carolina State WolfpackGreen Bay Packers

    Elementary question here I am sure, but are you buying these call options because you believe Apple will be trading above $322 come expiration of the option?
     
  11. Gallant Knight

    Donor
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    i bought them when the stock was trading at 317.50. if it's trading around 320 any time this week i could probably sell for like a 20-30% profit
     
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  12. momux

    momux AFAM Scholar
    Donor
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    Maybe but I think it’s more of a means testing and exclusion process that leads to social security and Medicare coverage going down.

    To me that’s a progressive approach compared to status quo.
     
  13. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    veering off into political prognostication but you're starting to see a distaste for means tested bank shot policies vs universality based ones. the latter is much simpler to sell, not to mention whoever enacts cuts is going to be nuking themselves politically (and why universal policies are good!)
     
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  14. NC Wolfpack

    NC Wolfpack Go Pack Go
    Donor
    North Carolina State WolfpackGreen Bay Packers

    Sell the options themselves?
     
  15. Gallant Knight

    Donor
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    yeah i mean they are v liquid they trade just as easily as the stock itself
     
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  16. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    I wish i knew how to do this stuff
     
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  17. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    just looked and they're trading at $7.70 now so could sell for a 10% profit.
     
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  18. texasraider

    texasraider thanks
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    739D75E1-2CE7-44FA-B134-9A95FC0D9D08.jpeg


    had $700 in my robinhood account so I followed Gallant Knight and now I’m rich AF
     
  19. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
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  20. Gallant Knight

    Donor
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    it's a very good way to lose money
     
  21. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Buy yourself some Tesla puts.
     
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  22. momux

    momux AFAM Scholar
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    Topic better suited for another thread for sure, I guess all I’ll say on this topic is that social security is broke from an accrual accounting perspective and that “both sides” can always agree on taking things away from “rich people.”

    And by rich people I don’t mean the ones who inherit businesses, land, and vast sums of wealth; I mean the people who are wage earners already paying a significant effective tax rate.
     
  23. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    eh different thread but disagree a lot on this both from a macro and micro perspective
     
  24. Gallant Knight

    Donor
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    shocker
     
  25. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i remember we had a good conversation once but then soon after you just leaned into drive by grievance posting

    shame that is
     
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  26. Gallant Knight

    Donor
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    :)
     
  27. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Cashed out my handful of Apple shares with like a +83% gain, I imagine it’ll be at 400/share by March now. Thank me later.
     
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  28. Gallant Knight

    Donor
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    It has never been a bad time to buy aapl in the history of the company. I will never sell
     
  29. Jimmy the Saint

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

    My Apple holdings are +142%. My only regret is that I didn't buy more back in 2016.
     
  30. The Milkman

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

    90% of options are out of the money upon expiration. Market makers design them this way to collect premiums. The key is to take profits when you can. Hoping it will continue to increase the next day could be a 100% + swing, especially with options with major implied volatility
     
  31. The Milkman

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

    Or you could say fuck it, let the big dog eat. Been burned too many times taking this approach
     
  32. The Hebrew Husker

    Donor
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    Yeah, might buy more at some point. Honestly, I don’t do much “trading”, most of my investing goes into 401K/IRA target date or mutual fund type accounts.

    Once I pay off my student loans I’ll have some extra money to play with and will probably get more into it. But for now, my #1 priority is paying those off ASAP + keeping a chunk of money in savings for life reasons.

    I didn’t have enough Apple this time around to really make a difference either way, so figured I’d cash out for now.
     
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  33. Gallant Knight

    Donor
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  34. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Miami DolphinsNebraska Cornhuskers

    So you risked 7k and end up going home with 10.2k . Easy 3 grand.
     
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  35. momux

    momux AFAM Scholar
    Donor
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    It’s just that easy. Check out /r/Wallstreetbets for other hot tips.
     
  36. Ty Webb

    Ty Webb Living rent free in Jigga's head
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  37. momux

    momux AFAM Scholar
    Donor
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  38. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    Let’s see if this works

    BAA718C0-87CA-4C84-B8B8-3691C8CB89A4.jpeg
     
  39. Arliden

    Arliden Well-Known Member
    Donor

    That Dominoes call looking great right now
     
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  40. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    This has been good the last few days to counter the rest of my portfolio.
     
  41. Gallant Knight

    Donor
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  42. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I ended up about even on the day thanks to using TECS.
     
  43. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Looking like it could be another good day for SPXS (S&P 3x Bear) or TECS (Tech 3x Bear) tomorrow.
     
  44. Imurhuckleberry

    Imurhuckleberry Avid spectator of windmill warriors
    Donor
    Florida GatorsSan Francisco GiantsGolden State WarriorsSan Francisco 49'ers

    Picked up some tecs on MO. Let's see how it goes.
     
  45. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Up 10% in futures
     
  46. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    On a general level, is it a good idea to buy a couple shares of those 3xBear type funds just to hedge your bets?

    It’s such a low buy when things are good, I almost figured why not
     
  47. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I've just been using them as supplements to my main portfolio. It's a small percentage of my portfolio and let's me scratch any trading itches. These last few days have helped soften the drop for me.

    You mainly have to watch them because they obviously move much quicker than the normal indexes. And a lot of their movement is overnight.
     
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  48. Anison

    Anison Fair and square
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    Not a bad idea at all. Just be ready to drop it fast when the ensuing rally hits. Personally, my hedge has been a 3x treasury bond ETF (TMF).
     
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  49. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    What's your allocation to TMF?
     
  50. Anison

    Anison Fair and square
    Donor
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    I usually keep 15-20% in treasury bond ETFs. Last week I slid that allocation from roughly one-third short term (SCHO), one-third all treasuries (GOVT) and one-third 3x (TMF) to two-thirds 3x and one-third short-term. I also boosted the total allocation from ~16% to 20%.