Official Investing Thread

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

  1. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    schwab intelligent ETFs are “free” by keeping a good chunk in cash at all times. They make enough off the cash. That high cash typically isn’t good if you’re younger. Better buying a few ETFs and being fully invested and diversified than use their portfolios. They may have changed the cash portion after getting criticism but that’s how it was when it was launched.
     
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  2. pacey

    pacey Well-Known Member
    Donor

    kept my QID but sold SQQQ at 10.28 $300 scalp
     
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  3. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    $4,400 went into ETFs and $600 in cash.

    This was $5k that I had sitting in my Schwab checking and decided to invest, so the cash portion doesn’t bother me too much. I’ve historically kept way too much in cash instead of a simple conservative investment vehicle.

    All my other investments are in ETFs, save for a few mutual funds and a handful of equities.
     
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  4. momux

    momux AFAM Scholar
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    I was pretty impressed with Betterment when I was using them for my IRA (2-3 years ago). Moved it out because of work restrictions but otherwise probably would have stuck with them.
     
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  5. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    the schwab issues were only schwab at the time they did it. They weren’t charging a fee so I did a deep dive and figured out they keep a large amount in schwab money market cash. At the time all portfolios carried 10% in cash and the most conservative had over a third in cash. I just hated that hidden fee strategy.
     
  6. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i've read 900 articles on the roboadvisors and pretty much always come back to Wealthfront being the best, at least from a taxable account viewpoint
     
  7. Oranjello

    Oranjello Well-Known Member
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    Mine is 8.16% in cash, just as an FYI
     
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  8. momux

    momux AFAM Scholar
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    Agreed - it's a good call out.
     
  9. Baseballman86

    Baseballman86 Well-Known Member

    Pier 1 closing all stores permanently after filing Chapter 11 earlier. Market probably won’t like that tomorrow, though it’s gone green or worse news
     
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  10. infected donkey

    infected donkey Arkansas Razorbacks
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    The first of many bankruptcies.
     
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  11. RavenNole

    RavenNole Well-Known Member
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    not surprising. We need a true surprise bankruptcy or a business we viewed as successful to shock it.
    we’ve had quite a few already. JC Penney is a major name. At some point the numbers will add up though and you’d think the markets may take notice. Likely just hurt the specific sectors though.
     
  12. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    JCP felt like a company we’ve been expecting bankruptcy on since we were all kids
     
  13. ohhaithur

    ohhaithur e-Batman
    Donor

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  14. gordon bombay

    gordon bombay magician's alliance enthusiast
    Georgia Tech Yellow JacketsAtlanta BravesAtlanta HawksAtlanta Falcons

    Pier 1 was a few months back I thought, this is just them announcing they are giving up on bringing the stores back. JCP is ch11 bankruptcy, they will close some stores, spinoff their real estate and reopen a smaller store footprint.
     
  15. southside

    southside Well-Known Member
    Donor TMB OG

    Oil drive the next drop?
     
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  16. momux

    momux AFAM Scholar
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    Yeah the interesting part of that article is that their creditors bumped their credit line by $40m to assist with the liquidation.
     
  17. southside

    southside Well-Known Member
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  18. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    what stonks do southside these words dont mean things
     
  19. pacey

    pacey Well-Known Member
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  20. momux

    momux AFAM Scholar
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    What exactly are you saying here?
     
  21. ohhaithur

    ohhaithur e-Batman
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    He's saying that even though the news was on CNBC this morning nobody noticed because CNBC is a nonfactor in his opinion
     
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  22. pacey

    pacey Well-Known Member
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    No because the general public does not watch CNBC
     
  23. pacey

    pacey Well-Known Member
    Donor

    General America does not watch stocks. They react a day later.
     
  24. pacey

    pacey Well-Known Member
    Donor

    Or I was bashing Trumpers and the V shaped recovery day dream.

    you pick. Or is one and the same I don’t know.
     
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  25. momux

    momux AFAM Scholar
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    General America does not drive stock markets so I'm not really sure what that has to do with anything.
     
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  26. pacey

    pacey Well-Known Member
    Donor

    They do when they panic and the panic has not set in yet. When all the stores start closing and the people that worked in them don’t have jobs to be able to afford to go out to eat and those restaurants close and waiters get let go...... that is when Merica will notice that we should not be trading like it’s January 2019.
     
  27. pacey

    pacey Well-Known Member
    Donor

    Let alone middle management that will be let go before upper.
     
  28. ScFan27

    ScFan27 Well-Known Member

    That’s fairly common in corporate bankruptcies. Certain lenders or bankruptcy investors will shell out extra liquidity to the company during bankruptcy so they can get a bigger piece of the pie when assets are liquidated and distributed. I’m no expert here but corporate bankruptcy is a very interesting thing and where some people in the financial industry make a ton of money.
     
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  29. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    It’s called debtor-in-possession financing. DIP lenders typically insist on and obtain priority and various protections
     
    #17229 Stagger Lee, May 19, 2020
    Last edited: May 19, 2020
  30. burnttatertot

    burnttatertot (๏̯๏)
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    Schwab sent me a letter in the mail calling me a day trader. :/
     
  31. 1

    1 A real fan. GBR!
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    In a previous job that's who my company used for our 401K and I really like them but the company I work at now uses something different. I still use them for my Roth IRA though and am continue doing so because their website is great.
     
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  32. pacey

    pacey Well-Known Member
    Donor

    Watching closing bell just now. It was the Moderna and it’s fake news on the vaccine. So we jumped 900 on fake news.
     
  33. LSUTigers1986

    LSUTigers1986 Well-Known Member
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    I work in banking/lending and DIP financings suck ass to work on. The only things that brings me joy with these are the office project names, typically dip-related along the lines of “Grizzly”, “Bandit”, “Cope”. That and we listen to Freak Nasty's, “Da Dip” numerous times during the process.
     
  34. Tony Wonder

    Tony Wonder Well-Known Member
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    When you’re right, you’re right.
     
  35. pacey

    pacey Well-Known Member
    Donor

    May have had too many ranch waters last night.
     
  36. construxboy

    construxboy xenForo is the new TMB
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    I think you get better leverage as an official day trader, don't you? Higher margin requirement though I would think.
     
  37. Baseballman86

    Baseballman86 Well-Known Member

    :blech::blech:

    Options man. A fickle beast. I got burned on a few early that basically went to $0, so I started using stop losses to limit downside risk a bit but then that leads to situations like this where I close out the position a day before a 100% gain.
     
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  38. Tammy Chiggers

    Tammy Chiggers Well-Known Member
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    werd.

    How else you gonna learn?
     
  39. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I got irritable bowls just thinking about working in that industry.
     
  40. RavenNole

    RavenNole Well-Known Member
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    I’m not completely convinced that moderna isn’t a major Ponzi scheme. No products and no revenue with a 28 billion market cap. Sounds a lot more like theranos than anything else. I didn’t see that exact story but read a story where an expert broke down their vaccine press release and tore apart the lack of details.
     
  41. Baseballman86

    Baseballman86 Well-Known Member

    I have open calls on PENN, HOME, MGM, BUD.

    It has been a good morning. Im closing some now.
     
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  42. colonelrascals

    colonelrascals Mayonnaise-colored Benz, I push miracle whips
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  43. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Annnnnd ohhaithur just watched all of these, correlated their intersection points, has remade them into a single, 26-minute video, and sold it for $104. He could have possibly made $110, but there was a chance he lost $17, so he just took the $104 gain.
     
  44. ohhaithur

    ohhaithur e-Batman
    Donor

    Yeah fuck that guy.

    [​IMG]
     
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  45. Baseballman86

    Baseballman86 Well-Known Member

    Is there a way to do a trailing stop on Options on TDA? I can do them on stocks but don’t see that option for options?
     
  46. Tammy Chiggers

    Tammy Chiggers Well-Known Member
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  47. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    Just added to my SQQQ position.
     
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  48. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    On what basis?
     
  49. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Might be time to get out of anything foreign for a minute.
     
  50. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    If this China trade war is legit, are there targeted ETFs that bundle stocks that will benefit?

    If so, please post. I want in now.
     
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