Official Investing Thread

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

  1. construxboy

    construxboy xenForo is the new TMB
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    Yeah, the substantially improved part is a pain in the ass. We wanted to buy an empty warehouse that was in decent shape in North Charlotte (right near NoDa Brewing if you are a beer guy). But we wouldn't have needed to spend that much on it. And the real tax benefit is buying it with $ from another property sale and we were coming in cold, with money from a sale too long ago to qualify. On top of all that, the price ended up being way too high because of the people with extra money and a recent sale driving it up.
    Just be careful chasing the tax benefits.
     
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  2. HuskerGuy99

    HuskerGuy99 Above Average Member

    Every stock in the S&P 100 is up right now. Looks like Trump played the people to pump the market up. All those people that went short are now fuel to go higher.
     
  3. brolift

    brolift Well-Known Member
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    Srs how are you guys gonna make money when there’s less volatility?
     
  4. ohhaithur

    ohhaithur e-Batman
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    Yeah he totally had a big galaxy brain idea
     
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  5. HuskerGuy99

    HuskerGuy99 Above Average Member

    Not complaining at all. Just saying what he did. Now if I was short or had puts, that might be a different story lol.
     
  6. Oranjello

    Oranjello Well-Known Member
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    100%. If you'll do the deal regardless, then the OZ is the lagniappe on top. If you wouldn't do the deal but for the OZ tax benefits, then walk away. You'll generally end up spending more on compliance costs and getting a headache trying to comply with the overly-restrictive rules that will end up zapping any potential benefit on the back end
     
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  7. brolift

    brolift Well-Known Member
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    ???. I asked a srs question. He’s been a gift/curse to traders.

    When you guys conspire on your discords do you make plans for a post-potus tweet market?
     
  8. HuskerGuy99

    HuskerGuy99 Above Average Member

    Ahh, true. But you should understand that it's pretty much the rich guys that control things, not Trump. He's just part of the narrative. When he is gone, they will find new ways to do it. That's how they make money after all.
     
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  9. construxboy

    construxboy xenForo is the new TMB
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    As our CRE agent put it: As usual, the government took a good initial idea and fucked it up with all their ridiculous restrictions.
     
    Oranjello likes this.
  10. brolift

    brolift Well-Known Member
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    bro...I’ve read theory.
     
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  11. NineteenNine

    NineteenNine Divers are, in fact, wankers. It's science.
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  12. NineteenNine

    NineteenNine Divers are, in fact, wankers. It's science.
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    This potential deal, the OZ would be a total bonus.
     
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  13. HuskerGuy99

    HuskerGuy99 Above Average Member

    Just gonna watch today unless something happens. Kind of on edge at these levels.
     
  14. Sportfan

    Sportfan From Six to Dumptime

    Took profits and reduced my long positions on:

    TENB in:22.44 out:41.50
    PANW in:169.49 out:253.00
     
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  15. pacey

    pacey Well-Known Member
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    Anyone buying Draft Kings with this massive dip?
     
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  16. gordon bombay

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

    Hoping for under $50
     
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  17. pacey

    pacey Well-Known Member
    Donor

    Hank sold all the Inverse ETFs and is buying QQQ.


    A few thoughts before the open - Fri, Oct 9th, 2020 -:- 7 : 03 : 33

    After looking at the performance of the Model since its inception, I’ve decided to make a few changes. The Model performed well during its first year, up over 32 percent. However, in the past eight months, a bad trade in crude oil and the extreme volatility has caused the Model to lose money. It’s currently down about 15 percent. Leveraged ETFs are great when market is moving in one direction or the other, but under choppy, volatile conditions, like we’ve seen since February, the inherent slippage in leveraged ETFs make them unsuitable as longer term holdings. Because of this, the Model will no longer use leveraged ETFs. Instead I’ve found that shifting to holding the Nasdaq100 (QQQ) when conditions are deemed low-risk and then moving to cash is a far superior strategy. This simple shift would have nearly doubled the overall return of the Model while lowering draw downs.

    Looking back, over a thirty-year period since 1990, if the Model had adopted this simple strategy, it would have experienced one draw down of more than 15%. In that same time, the Model would have quadrupled the return of buy and holding the S&P while sitting in cash 55% of the time. In other words, it would have had the return of the Nasdaq100 with a lot less drama.

    This new shift in strategy for the Model is more consistent with the conservative objectives of most of my subscribers. It also takes advantage of the superior performance of the technology driven NASDAQ stocks during periods when they are moving up and reduces the risk when they begin to move down.

    As I’ve said many times before, the Model should only be used as a guide. If you want to trade the market, the Market Timing Signals are much more appropriate indicators. These are the signals I use to manage most of my money.

    Also, because of the success I’ve had with my new Scalp Trading Indicators, I will be using these indicators to make changes to the Model. During the past few months, I have been asked many times if I could release my proprietary VTI, which I use to generate the Market Timing Signals on the cockpit. I don’t want to do this. However, because I have released my Scalp Trading Indicators, students can now use these indicators to track the performance of the Model. As of last night, the daily Scalp Trading Indicators on the QQQ are Positive, so the Model will be going long the NASDAQ-100 at today’s open. I’m still a little concerned about entering the QQQ now, mostly because Apple (AAPL) is in a pattern where it could move either up or down and take the NASDAQ with it. So, here’s the deal: At today’s open, the Model will establish a 50 percent long position in QQQ. If Apple moves above 115.55, the Model will go 100 percent long QQQ. I will also look to trade Apple in my own account based on the 30s. Again, as I mentioned in my follow-on training session, the huge volume in Apple makes the Scalp Trading volume indicators especially effective. Always make sure you are on the right side of these indicators.

    It appears that the decline from the 3 September high into the 24 September low was a Wave 4. If this is the case, Wave 5 up should cause the QQQ to rally above the 3 September high before any major decline begins.

    As we move forward, I might consider making other changes to the Model to take advantage of a potential rally in gold and the decline in the indexes I see coming once Wave 5 up completes, instead of just going to all cash. As most of you know, I like to trade and own gold in my own accounts, so I would like to have a portion of the Model in an ETF like GLD. However because GLD is still on a Negative signal, I'm not going to put it into the Model for now. We’ll see.

    BTW, as of last night the Sector Ratio is still 23-1 Positive, with the only negative sector being Energy.

    h
     
    gordon bombay likes this.
  18. ohhaithur

    ohhaithur e-Batman
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    I think he's late to the party
     
  19. Sportfan

    Sportfan From Six to Dumptime

    one more today

    NOW in:308.69 out:509.00

    still looking to reduce CRM, WORK, FB. and UBER. Not changing my GOOG AAPL AMZN positions. Dumping profits into QQQ or VOO.
     
    #20919 Sportfan, Oct 9, 2020
    Last edited: Oct 9, 2020
  20. texasraider

    texasraider thanks
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    Down 15% and missed out on huge gains
     
    shawnoc, letan, Lyrtch and 1 other person like this.
  21. NothingIsOT

    NothingIsOT Fuller is a sarcastic asshole
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    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    Just scalped 20% off chevron
     
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  22. texasraider

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

    I’m now up 80% on IPOB
     
  23. ohhaithur

    ohhaithur e-Batman
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    I would've picked IPOC probably so lucky I avoided.
     
  24. bRamonceTaylor

    bRamonceTaylor Well-Known Member
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    FSLY just ripping.
     
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  25. bRamonceTaylor

    bRamonceTaylor Well-Known Member
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    Same. How long term are you thinking you’ll hold? Feel like this is a years long stock, but I’m an idiot.
     
  26. texasraider

    texasraider thanks
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    It's parked in my SEP and I have no plans to do anything but watch it grow
     
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  27. texasraider

    texasraider thanks
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    I own that too. Down 5% but I actually like the merger better than IPOB
     
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  28. construxboy

    construxboy xenForo is the new TMB
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    Sold half mine a few minutes ago. Reinvested in FEAC.
     
  29. construxboy

    construxboy xenForo is the new TMB
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    I'm trading it myself. But certainly see the buy and hold case.
     
    texasraider likes this.
  30. bRamonceTaylor

    bRamonceTaylor Well-Known Member
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    SPAC BOIS.

     
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  31. texasraider

    texasraider thanks
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    I'll be buying all three.

    <3 Chamath
     
  32. ohhaithur

    ohhaithur e-Batman
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    People are real mad at IPOC
     
  33. construxboy

    construxboy xenForo is the new TMB
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    IPOD has to be Apple proactively spinning off a business to get Congress off their back, right?
     
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  34. ohhaithur

    ohhaithur e-Batman
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    :laugh:
     
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  35. Sportfan

    Sportfan From Six to Dumptime

    CRM in:145.78 out:265.00

    now 60/40 invested/cash
     
  36. HuskerGuy99

    HuskerGuy99 Above Average Member

    QQQ potential to rip here. Tons of shorts piling in means big squeeze potential. I like AMD considering it's down 4% today and off recent ATHs. Being cautious though. Small sizing.
     
    Sportfan likes this.
  37. HuskerGuy99

    HuskerGuy99 Above Average Member

    Took some AMD calls for 20% this morning now I'm going to take a nap through Euro close. VVIX gapped up and is kind of scaring me. About a 70/30 up/down ratio in S&P 100 right now. QQQ squeezed big overnight. I expect at least some profit-taking from people here. We'll reassess in a bit.
     
  38. The Milkman

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

    JD & Baba are taking me to Valhalla. >100% on both of these
     
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  39. Sportfan

    Sportfan From Six to Dumptime

    Well, profit taking time anyone? Sheeesh.
     
    The Milkman likes this.
  40. The Milkman

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

    Yes
     
    Sportfan likes this.
  41. Sportfan

    Sportfan From Six to Dumptime

    FB in:170.72 out:274
     
  42. allothersnsused

    allothersnsused Wow that’s crazy
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    Is there any way to reallocate my Vanguard brokerage fund (non-IRA) without recognizing gain? Currently all in on one fund and I want to diversify a bit, but everything I'm running into says that to do so would be taxable. TIA
     
  43. Jimmy the Saint

    Jimmy the Saint It's like the Weimar Republic in that place
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    No, it's a taxable event.
     
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  44. allothersnsused

    allothersnsused Wow that’s crazy
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    I do not like this answer, and would prefer a different one.
     
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  45. billdozer

    billdozer Well-Known Member
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    Don't think so. Just with new contributions. Unless you can tax loss harvest.
     
    allothersnsused likes this.
  46. Jimmy the Saint

    Jimmy the Saint It's like the Weimar Republic in that place
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    Have you considered declaring yourself a sovereign citizen?
     
  47. allothersnsused

    allothersnsused Wow that’s crazy
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    Yes but if I'm my own government, isn't my effective tax rate 100%?

    [​IMG]
     
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  48. The Milkman

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

    Yes I bought the dip. Anus clenched
     
  49. ohhaithur

    ohhaithur e-Batman
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  50. The Milkman

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

    Wow, prayers sent to owners of fastly. Down 30% after-hours