Official Investing Thread

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

  1. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    Look at ETFs instead of mutual funds.
     
  2. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    you read white coat investors book yet?

    its a good primer, especially in a high income almost zero chance you lose the ability to earn that income type career.
     
  3. NothingIsOT

    NothingIsOT Prom pic
    Donor
    Miami MarlinsMiami DolphinsFlorida PanthersDetroit TigersMiami Heat

    About time the semis gave some back.

    Worst week in the market since october.
     
  4. skeezy

    skeezy what is this? meowschwitz?
    Donor TMB OG
    AvengersFormula 1

    He was being cunty on Twitter and blocked me
     
  5. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    the book is good

    the guy behind it seems to have gotten REALLY arrogant and obnoxious as it got successful

    also started to hire folks/shill some terrible stuff
     
  6. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Can someone explain Asana to me? I bought some a week ago (only a couple hundred shares) and it's performed nicely but I'm not sure what it is they do exactly. "Work Management" doesn't tell me a whole lot, is there something comparable I'd know? I wanted to add more tech so I beefed up on CRM, MSFT and started the ASAN position. Also added about 10 more REITs to the portfolio.
     
  7. ohhaithur

    ohhaithur e-Batman
    Donor

    It's just shared checklists and stuff. Like project management.

    Here we have to do these 25 things, let me assign them as tasks to my 30 staff members with individual deadlines all in one spot.

    Great software imo
     
    Ty Webb, momux and burnttatertot like this.
  8. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    Isn’t that what SalesForce does already?
     
  9. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    I thought Salesforce was tracking customers and shit. Tech is definitely not in my circle of competence.
     
  10. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    Salesforce is primarily used for sales and customer management. Like other CRMs I’m sure you could Frankenstein it into something else but it’s not project management software like Asana.
     
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  11. Jimmy the Saint

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

    The CPA firm I was at prior to leaving for my current position was transitioning into it as a means to try to more easily cross-sell different services to clients. I'm sure it made total sense to the partners who signed off on it but it was shit for those of us stuck managing projects with it. Luckily I didn't stick around long enough for the full implementation.
     
  12. ohhaithur

    ohhaithur e-Batman
    Donor

    Salesforce = hey I want to know everything about all my customers by tracking our communication and their purchase history

    Slack (now owned by Salesforce) = I need a chat room for my office that has different channels like "Marketing" and "Sales" so people can discuss things with each other

    Asana = We have lots of projects, let's make sure we don't fall behind by having a system that tracks deadlines and who is assigned things
     
    burnttatertot and Ty Webb like this.
  13. ohhaithur

    ohhaithur e-Batman
    Donor

    [​IMG]

    Asana looks like this
     
  14. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    This seems somewhat similar to Atlassian's Jira, which I briefly used at my previous employer. Currently trading at $222 (TEAM).
     
    ohhaithur likes this.
  15. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    Use free version of Asana to coordinate basically everything in my restaurants. Really like it, but it’s pretty expensive for not a whole lot more to go premium. Limited to 15 people with free, but that’s plenty for me.
     
  16. mal630

    mal630 Well-Known Member
    Donor
    Ohio State BuckeyesTiger Woods

    I assume you guys are on WSB, this is fucking gold.

     
  17. ohhaithur

    ohhaithur e-Batman
    Donor

    :roll:
     
    mal630 likes this.
  18. mal630

    mal630 Well-Known Member
    Donor
    Ohio State BuckeyesTiger Woods

    I was on the ground basically dying of laughter and my gf wondered what was so funny. I couldn't even begin to explain that I go on a subreddit where I buy stocks based on which memes I like as a joke with real money.
     
    southside, Ty Webb and ohhaithur like this.
  19. HuskerGuy99

    HuskerGuy99 Above Average Member

    VIX calls...it's in the post. VIX spike already happened and took around 100% profit while leaving a couple runners. BA puts were actually the play I should have taken. Would have rolled up a 6-bagger on 1DTE but VIX calls gave me a little more breathing room since they expire next week. Market is closed on Monday but looking for a little more correction to come. People are still jamming money into calls, so we'll see if that's enough to prop up the market or not. I'm guessing not.
     
  20. HuskerGuy99

    HuskerGuy99 Above Average Member

    Kind of saw it coming. I mentioned it a few posts back, but max pain numbers for option expiry were heavily skewed lower in some names since people were making some bets over 6 months ago at lower strikes. AMD was like $78 for max pain. Previous weeks saw max pain around $92 so that's a big difference. It also has a lot of people shorting it at the moment.
     
  21. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas Razorbacks

    I know nothing about the stock market but just mess around with robinhood because I think wsb is pretty funny. Imagine my surprise when I opened up RH randomly on vacation this week and saw the two GME 1/15 calls had went from -250 to +3k. Really wish I’d had a few more of those guys
     
  22. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    How many people here are actually in GME?
     
  23. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas Razorbacks

    I have 80 shares of GME and was thinking about getting some more. Just curious how much squeeze is left
     
  24. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Roth question. Anyone open one for their child? Nerd wallet is the extent of my education on children’s Roth’s. They weren’t helpful for the do this, don’t do that, when it came to the income of a dependent on my taxes.
    My 13 year old is doing yard work for neighbors and friends. Other than a log of the when, who and how much, is there anything I’m missing for opening and contributing to my son’s Roth?
     
  25. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    85 here at $38.17 just to be in it. Seems like it could still go crazy, I do think Cohen is reason enough to just hold it long if it doesn't happen.

    Built Chewy to be a big ass online business and thats where he's going with GameStop.
     
  26. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Aren't games on-line now? Like you just download them, no need for a physical copy?
     
  27. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    I need to learn about these "backdoor roths" people talk about.
     
  28. Jimmy the Saint

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

    Max you can contribute is what they earn, up to $6k, and you’ll need to pay self-employment tax on the 1040.
     
    burnttatertot and Struggler like this.
  29. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Sucks growing up poor and financially illiterate. My son is legit mad at me for having his money in a savings account after showing him the difference in 50 years if it were invested in a Roth.
     
    Bo Pelinis, BP, DuffandMuff and 2 others like this.
  30. Jimmy the Saint

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

    Good on you for setting him up early for financial success.

    Personal finance really should be a mandatory course to graduate high school. You can’t stop people from doing dumb shit with money but at least give them the tools.
     
  31. Jake Scott

    Jake Scott Well-Known Member
    Staff Donor
    Jacksonville Jaguars

    Yes.
    it does this as well

    Salesforce can do whatever you want it to. It’s basically an out of the box CRM tool that can be configured for anything.

    I’ve got the admin cert. it’s worthless for my current job but I have it.
     
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  32. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Some info
    https://www.fidelity.com/retirement-ira/roth-ira-kids
    http://irakids.com/
     
  33. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    This is the biggest complaint I have with my union. Our members contribute to a balanced pooled fund for our 401a and k by default. The fees on it are 1.5x the Vanguard fund and the return is half as much over 10 years. 90% of our members never allocate their contributions.
     
  34. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Our economy is dependent on people doing stupid shit with money.
     
  35. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Just scribbling on a cocktail napkin here. 16% income tax today, for a future tax free withdrawal by my children after 50 years of compounded interest, seems like a good investment. That anyone can contribute up to my kid’s income might be the best part.
     
  36. Jimmy the Saint

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

    It’s not all income tax :comicbookguy:
     
    #22436 Jimmy the Saint, Jan 17, 2021
    Last edited: Jan 17, 2021
    Struggler likes this.
  37. HuskerGuy99

    HuskerGuy99 Above Average Member

    lol I just checked WSB front page for the first time in months and looks like TMB frontran the WSBers. Half the posts seem to be about GME and BB.
     
    Baseballman86 likes this.
  38. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    You get out of these two yet?
     
  39. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Anybody going long on any particular stock or industry for the Biden term? Green energy or weed stocks maybe?
     
  40. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    Prisons
     
  41. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas Razorbacks

    Outdated brick and mortar video game retail companies
     
    Lyrtch, Fusiontegra, brolift and 8 others like this.
  42. texasraider

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

    smart phones, but not too smart
     
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  43. brolift

    brolift 2sweet
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    Drones, Missiles, and Kente Cloth
     
  44. HuskerGuy99

    HuskerGuy99 Above Average Member

    Was never in GME and not messing with it. I think BB is just starting up and has a more legit shot at succeeding in their pivot.
     
    Baseballman86 and Arrec Bardwin like this.
  45. HuskerGuy99

    HuskerGuy99 Above Average Member

    Yellen talking this week. Pay attention to what she says very closely.
     
    Baseballman86 likes this.
  46. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Not sure if serious but GEO and CXW are absurdly cheap right now.
     
  47. pacey

    pacey Well-Known Member
    Donor

    Let’s go BB.
     
    Fusiontegra likes this.
  48. jkun

    jkun UGA, United, Falcons, Braves, Tennis, Chelsea
    Donor
    Georgia BulldogsAtlanta BravesAtlanta HawksAtlanta FalconsChelseaAtlanta United

    What's everyone's green energy plays?
     
  49. zachary

    zachary <3
    Donor
    UTSA Roadrunners

    can someone explain ETF’s to me like im 6. i want to get into it but i know nothing jon snow
     
  50. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    do you want to own a little bit of a good amount of stocks (sometimes in the same vertical others just in the same exchange) but not have to buy them all individually and thus pay someone about $4-$15 a year for every $10,000 you invest to do so for you?

    If so look into VTI VOO QQQm etc