Official Investing Thread

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

  1. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Technically they've just reached an agreement. It hasn't passed vote in the Senate and still has to go to the House. But it's expected to pass today.
     
  2. Baseballman86

    Baseballman86 Well-Known Member

    We’ll see when the market opens, looks like GK may be correct on buy the rumor, sell the news. Seems everything was priced in yesterday.
     
  3. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Will be interesting to see who holds the bag into the unemployment number tomorrow. It’s going to be staggering
     
  4. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    I thought that got embargoed until next week
     
  5. Dudley Dawson2

    Dudley Dawson2 Well-Known Member
    Penn State Nittany Lions

    I sold half my UAL purchase yesterday. Probably going to sell another half today. Played this stock just about perfectly Bought at 18.50.
     
  6. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    Same here. I got out yesterday. Don’t have the stomach for that, especially with likely language of no buy backs.
     
  7. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Bought back into SPXS at the close yesterday.
     
    Louis Holth likes this.
  8. Dudley Dawson2

    Dudley Dawson2 Well-Known Member
    Penn State Nittany Lions

    I still think this market tanks again. When these unemployment numbers sky rocket any benefit from this "stimulus' is weeks away. Plenty of time to make some more 'easy' money.
     
  9. Baseballman86

    Baseballman86 Well-Known Member

    I sold a few puts on AAL at the recent bottom as well. Glad I won’t have to buy them
     
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  10. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    As someone that just started trading in January, no I don’t.
     
    construxboy, 1, dahldennsull and 2 others like this.
  11. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    :angrycorn:
     
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  12. southside

    southside Well-Known Member
    Donor TMB OG

    VIX has been rising as the SnP does. This shit is going to drop so hard
     
    texasraider likes this.
  13. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    I'm not a very savvy investor, but this jump has to be temporary and lead to another legit dip in the near future right?

    This just feels like it shouldnt be happening right now.

    I just keep thinking that this is too soon

    :shrug:
     
    #13963 Jesse Palmer, Mar 25, 2020
    Last edited: Mar 25, 2020
    Baseballman86 likes this.
  14. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Florida GatorsMiami MarlinsJacksonville JaguarsAvengersMiami HeatWu-tang

    This group of headlines(all negative), paired with the associated stock(all gaining) is a wonderful summary of this nonsense.

    Annotation 2020-03-25 094616.png
     
  15. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
    Donor TMB OG
    West Virginia MountaineersPhoenix SunsDallas CowboysNational LeaguePittsburgh Pirates

    Unemployment numbers are out tomorrow. Expected to be 3.4 million

    Should drop?
     
  16. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    Talking heads all saying that the number of unemployment is expected to be high, but that hasnt changed anything. They are making it seem like that number shouldnt surprise anyone.
     
    killerwvu likes this.
  17. Baseballman86

    Baseballman86 Well-Known Member

    Man I’m reaaaaally fighting the urge to load up on cruise line puts. NCLH up 100% in the last 5 days
     
  18. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Florida GatorsMiami MarlinsJacksonville JaguarsAvengersMiami HeatWu-tang

    Let's go make some money!
     
    Baseballman86 likes this.
  19. Baseballman86

    Baseballman86 Well-Known Member

    And it’s down 18% since 9:45
     
  20. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    Alright I have opened a Schwab account and made a Roth contribution for 2019 and 2020. Anyone have any mutual funds that peak their interest? Damn almost 3,000 of them to choose from. Only had about 20 to look at with my 401k.....
     
  21. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Unless you want to get fancy, I'd just do SWTSX (total stock) or SWPPX (S&P 500)
     
    g8r and TheDKALife like this.
  22. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWE

    Fucked around and bought Delta yesterday at 26, when it was around 32 I couldn’t decide if I cashed out, or held long term. By the time I convinced myself to cash the market opened and its back around even.

    Glad I don’t do this for a living.
     
  23. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Florida GatorsMiami MarlinsJacksonville JaguarsAvengersMiami HeatWu-tang

    Got in just before 10AM.
     
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  24. texasraider

    texasraider thanks
    Donor
    Texas RangersKansas City ChiefsTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    I’d avoid blanket index funds for now. I like VGT personally but I still think individual stocks will be a better play in the short term
     
  25. Houndster

    Houndster $25 Standard Unit
    Staff Donor

    Put it all into AMZN
     
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  26. Baseballman86

    Baseballman86 Well-Known Member

    I did the ol’ limit order, adjust limit, adjust limit, readjust limit, then finally just cancel dance. Price changes so fast I couldn’t get in
     
    billdozer likes this.
  27. Baseballman86

    Baseballman86 Well-Known Member

    Bought a few cheap calls of DRD last week for .50. Now up to 1.50, cancelling out some of my dying puts
     
  28. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Florida GatorsMiami MarlinsJacksonville JaguarsAvengersMiami HeatWu-tang

    My order went through just before the low point and now it's bouncing back. Think I'll go ahead and ignore that tab for a few hours.
     
    Baseballman86 likes this.
  29. Anison

    Anison Known friend and trusted agent
    Donor
    Michigan WolverinesDetroit PistonsDetroit LionsArsenal

    Bought 10x $57.5 UAL 1/15 calls @$2 two weeks ago
    Sold 6x of them today @$6

    MGM looks undervalued to me still at $13. I bought 20x $23 1/15 calls @$1.02 last week. Pushing $2 today but I suspect goes much higher in the coming months.

    Staying away from the cruise lines. High risk but high reward if you time it right and pick the right one. They won’t all survive imo.
     
    HuskerInMiami likes this.
  30. Baseballman86

    Baseballman86 Well-Known Member

    Current 401K allocations are:

    Large Cap Blend - 19%
    Large Cap Growth - 19%
    Mid Cap Value - 7%
    Mid Cap Growth - 6%
    Small Cap Value - 6%
    Small Cap growth - 7%
    International Large Growth - 36%

    Any changes I should make to try to capitalize on these drops?
     
  31. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    a quick and easy way to find a good allocation for retirement funds is to use the robo advisors risk assessment then copy their plan to your own account without using the robo advisor

    at least in the past wealthfront/betterment let you see their recs including what funds they'd purchase if you used them before ever committing to anything
     
    billdozer, Baseballman86 and Ty Webb like this.
  32. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    what’s your logic for being so heavy in international?
     
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  33. Ty Webb

    Ty Webb A donut without a hole, is a Danish.
    Donor
    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    Increase your contributions if not already maxed
     
  34. wolfpck

    wolfpck haters gonna hate
    Donor
    North Carolina State Wolfpack

    I currently have my Roth IRA in Wealthfront that I setup about 4 years ago. Was just starting it and wanted something that was easy to use, which it definitely is. I just set my risk score to 9 (Was 24 at the time), and let it do its thing. In my limited research it seems it would be cheaper/save money to roll this over into a different brokerage.

    I just opened a Schwab account for general purposes. This seems like it would be fine for Roth IRA as well, right? Also, looking for any pointers on how to allocate since I have just thrown money into Wealthfront and closed my eyes up to this point.
     
  35. Baseballman86

    Baseballman86 Well-Known Member

    It’s currently just in one of the target date roboadviser allocations based on my “investor profile”. Returns have been good last 4 years so no need to adjust really until now. Not sure why it has 1/3 in INT honestly
     
    letan likes this.
  36. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    look at how wealthfront divided it up, they lean hard on vanguard funds which are good

    i moved mine from them literally to vanguard, but imagine schwab has access to the vanguard funds

    still keep my taxed account with them though
     
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  37. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Vanguard bumped up their target date fund international allocation, so this is inline with them. upload_2020-3-25_11-26-4.png
     
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  38. Joystick Izzy

    Joystick Izzy Well-Known Member
    Donor
    Georgia BulldogsAtlanta BravesTennessee TitansNashville Predators



    Read that book. It's going to help out a lot more than a couple simplistic message board responses, and it will make you realize how easy it can be to set up your portfolio by your self.

    If you want some simple pointers, we need some more info. How old are you? When do you plan on retiring? The traditional rule was "age in bonds," meaning your portfolio percentage of bonds is your age and stocks is the rest. That tends to be overly conservative, and the new trend is 120 minus your age in stocks. For example, I'm 35. 120 - 35 = 85. I'm currently going 85% stocks and 15% bonds. You want to simply place it in broadly diversified index funds, which you will be able to find at Schwab. For the stock portfolio, the usual recommendation is a split between US and International stocks. This is a contentious subject. Some argue to go 100% domestic stock. The more universal recommendation is probably somewhere between 20-40% of your stock should be allocated to international. For simplicity's sake, let's pick the middle number and go 70% US/30% International for our example here. Your portfolio could look something like this, if you're 35:

    60% US Total Market Index Fund
    25% Total International Index Fund
    15% US Total Bond Fund

    If that is even too much work for you, then you can simply pick one of the Target Date Funds. You simply find the fund that aligns with when you think you may want to retire, and put everything into that. It will rebalance over time into a more conservative portfolio automatically as you approach retirement.
     
  39. Stagger Lee

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

    Surprised by how high the international allocation is
     
  40. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    This was Vanguard's predictions for the next decade (before Coronavirus) before inflation
    • 4%–6% for U.S. stocks.
    • 7%–9% for non-U.S. stocks.
    • 2%–4% for global bonds.
     
  41. wolfpck

    wolfpck haters gonna hate
    Donor
    North Carolina State Wolfpack

    Appreciate the response. This would be the route I'm going to take, at least for the time being. I'm 31 years out from retirement/distributions (Currently 28) and consider myself aggressive. Any funds you would recommend me taking a look at that would fit that general info?
     
  42. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    The Boglehead approach is literally 3 funds. For Schwab, in the percentage you want:
    • Schwab Total Stock Market Index (SWTSX)
    • Schwab International Index (SWISX)
    • Schwab U.S. Aggregate Bond Index Fund (SWAGX)
     
  43. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

    Agree with everyone on the general bogelhead 3 fund approach.
     
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  44. Oranjello

    Oranjello Well-Known Member
    Donor
    Green Bay PackersGrateful DeadMississippi Rebels

    Schwab has a robo trader called Schwab Intelligent Portfolio. It’s free I think. I use it for an old IRA and it does okay. Well enough to set it and forget it until I get an email it’s been rebalanced.
     
    High Cotton likes this.
  45. Arliden

    Arliden Well-Known Member

    I think its April 3rd per the US Bureau of Labor Statistics release date chart.
     
  46. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    "In a letter to Pershing stakeholders dated Wednesday, Ackman said the fund completed the exit from his bets against the market on March 23 and generated $2.6 billion compared with premiums paid and commissions totaling $27 million. He first announced his market hedges on March 3."

    “we became increasingly positive on equity and credit markets last week, and began the process of unwinding our hedges and redeploying our capital in companies we love at bargain prices,” he added.

    https://www.cnbc.com/2020/03/25/bil...made-to-buy-more-stocks-including-hilton.html
     
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  47. Stagger Lee

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

    I bought some DIS, VIA, and AAL at or near their respective bottoms to date. Thinking about selling now at 26%, 46%, and 40% gains, respectively, and buying back in on the next dip. I'm not sure we haven't hit bottom, but I do think there will be some more pullbacks in the coming trading sessions.

    Are y'all trading or staying long on holdings right now?
     
    High Cotton likes this.
  48. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    I was planning on some heavy holdings (airlines/travel/disney/ etc) at the "low" but I'm scared that passed and I cant really be cash poor right now - we need a house in the next 6 months.

    So I'm just sad panda waiting for the next fire sale.
     
    High Cotton likes this.
  49. Thoros of Beer

    Thoros of Beer Academy Award-Winning Actor, Tim Allen
    Donor
    Crystal Palace

    So I should wait to convert my traditional Ira to roth at the bottom of the market, right?