Official Investing Thread

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

  1. infected donkey

    infected donkey Arkansas Razorbacks
    Donor
    Arkansas RazorbacksChicago CubsAvengersBarAndGrillSoutheastern Conference

    Freedom.
     
    shawnoc likes this.
  2. BUstang

    BUstang Lawyer

    I'll hop on this VST train too. I've had an itch for gambling.
     
  3. dukebuckeye

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

    I too jumped in for 100 shares of VST
     
  4. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  5. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    they report 4q earnings friday before the bell. there should be a lot of talk about what happened last week.
     
  6. BUstang

    BUstang Lawyer

    Hopping in on $24 and $30c 3/19c tomorrow morning. 1k in each. Let's go casino!
     
  7. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    the spread on those 30s are pretty big
     
  8. BUstang

    BUstang Lawyer

    I'll be honest, I don't even know what that means.
     
  9. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    there is a bid of $0 and an ask of $.15 so you'll likely end up paying .15

    the ask is also .15 on the 28s so you're better off getting those

    but really you're better off paying .20 for the 27s

    assuming these are all the same tomorrow if the stock opens flat.
     
    BUstang likes this.
  10. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    I'm not deranged enough to liquidate to get involved in calls so you just used my cash balance to buy some stock
     
    kinghill, Gallant Knight and Hatfield like this.
  11. texasraider

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

    Because of you, friend. I hope to send you more wine.

    I bought 100 3/19 $25 Calls at $0.40
     
  12. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    The gambling going on in here is truly incredible and I respect it
     
    Doc Louis, Whammy, fish and 2 others like this.
  13. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Happy to finally earn your respect wow
     
    Ty Webb and Hatfield like this.
  14. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Let’s stack
     
    texasraider likes this.
  15. Hatfield

    Hatfield Charlie don’t surf
    Donor
    South Carolina GamecocksWashington NationalsFulhamTiger WoodsGrateful Dead

    Fuck it, it’s just money
     
    Lyrtch and Gallant Knight like this.
  16. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    The funniest part was when I went to Twitter to see if other people were talking about this stock

    And just stumbled into your Twitter
     
  17. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    The Texas energy trades have been the only thing on my mind since last Wednesday
     
    pennstate, Lyrtch and dukebuckeye like this.
  18. Speirs

    Speirs Well-Known Member
    Florida Gators

    If you don't do options; is the play to buy VST at open and just keep holding? I have some money to throw at this.
     
  19. pennstate

    pennstate Well-Known Member
    Donor

    I also like money. Bought 5 options 25 calls 3/19 Might buy some more tomorrow the more I read this thread
     
    Gallant Knight and Hatfield like this.
  20. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

  21. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Can someone direct me to the post on why we’re buying VST? Just so I can pretend I know what’s going on.
     
  22. dukebuckeye

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

    Moon.
     
    Struggler, Hatfield, CUgator and 2 others like this.
  23. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    $10mm donation tonight, that’s really only $3mm if you read the article, foreshadowing bad news tomorrow morning?!

    7B305B3C-C5FC-4ECF-8EEE-8B073045DA59.png
     
    HuskerInMiami and dukebuckeye like this.
  24. fish

    fish Impossible, Germany
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    I'm in NIO @ 62.4. I think I'm going to buy more at this discount.
     
  25. Tommy Jefferson

    Tommy Jefferson Well-Known Member
    Nebraska CornhuskersKansas JayhawksKansas City RoyalsKansas City Chiefs

    Teach me about indexed universal life insurance plans. Specifically, is the advisor I’m meeting tomorrow is just trying to make a quick commission?

    I was very skeptical when one of the first things he recommended was a life insurance policy, obviously a red flag. I’ll admit, the plan is intriguing. It sounds like tax-free growth, and the opportunity to tap into the money before retirement.
     
  26. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Yes he is fucking you.
     
  27. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    If someone won’t tell you what their commission is on the products they’re selling then walk far far away
     
  28. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    term life is the only version of life insurance that seems worth

    but it's all very based on personal scenarios, kids, family, etc

    on a quick googling that shit seems suspect as hell
     
    Ty Webb, fish and Gallant Knight like this.
  29. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    term life is definitely the correct choice
     
    fish and Gallant Knight like this.
  30. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    If someone tries to sell you life insurance as an investment I would recommend canceling the meeting because they don’t give a fuck about you or your priorities they only care about making the most money possible for themselves
     
  31. dukebuckeye

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

    This. Insurance shouldn’t be used as an investment tool.
     
  32. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    IULs have their place but should never be sold as investments the same way a WL policy shouldn’t
     
  33. fish

    fish Impossible, Germany
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    This is really where the grown ups hang out, isn't it?
     
    FourClover01 likes this.
  34. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    Not sure whether to post this here or in the "stupid shit your wife/gf does" thread, but...

    Based on conversation tonight it sounds like my gf transferred $50k when she opened her Vanguard account in March 2020... BUT... it may just be sitting in her settlement/money market account. Not invested in anything. Fuckin March 2020. Goddamn. I need to help her figure this shit out asap.
     
  35. Tommy Jefferson

    Tommy Jefferson Well-Known Member
    Nebraska CornhuskersKansas JayhawksKansas City RoyalsKansas City Chiefs

    Can you help me understand why the tax free growth, and ability to borrow against the policy before retirement, isn’t great as it sounds?
     
  36. dukebuckeye

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

    Define "grown ups"...
     
  37. fish

    fish Impossible, Germany
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    Forward thinking responsible adults.
     
  38. letan

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

    high fees and capped returns? I’m no insurance expert but that doesn’t sound very good to me
     
    Tommy Jefferson likes this.
  39. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    The premium you’re paying is post tax dollars so any growth along with the principal is tax free. Majority of your premium cost is going into the cash value with the remainder going towards the costs of insurance.

    if designed correctly you can start receiving installments of the built up cash value at whatever age you set as “retirement.”

    just like with any life policy that has cash value you can borrow against it at any time.

    be aware of the fees associated with the policy for managing the money being invested and whenever you borrow against it prior to the set date on when you can start receiving distributions.

    In no way shape or form should it be an investment vehicle but it’s very unique in what it can do and can be a better fit compared to other types of policies depending on your needs.
     
  40. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Ugh I had to convince my wife that investing in just bland equities like Apple and google was a good idea. Before she met me she just had a savings account and legit freaked when I was like let me invest for you in simple safe stuff.

    She also hates the idea of “debt” so much that she was worried about a mortgage

    I have a totally separate account where I trade
     
  41. dukebuckeye

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

    Thank god for your Tesla money so that you didn’t have to worry about a mortgage.
     
    Gallant Knight likes this.
  42. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    Dave Ramsey and his cult have made a lot of people financial morons that don't need to be.
     
  43. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    Well I must say there could be much much worse traits than that.
     
    HuskerInMiami likes this.
  44. CaneKnight

    CaneKnight Well-Known Member
    Donor

    Uhhhh pre market looks really bad
     
    Sportfan likes this.
  45. jac3672

    jac3672 Well-Known Member

    Good call on avoiding ARKK right now. This thing has been tanking lately.

    (Although, everyday I keep getting the itch to buy it right now.)

    I've got 25K that I'm itching to lose, but maybe less risky than the penny stock thread.
     
    #24496 jac3672, Feb 23, 2021 at 8:15 AM
    Last edited: Feb 23, 2021 at 9:02 AM
  46. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    dear mr. powell could you please commit to not raising interest rates in front of congress today

    signed,

    someone who just started investing
     
    letan and Sportfan like this.
  47. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    Havent they already done that? 2023 at the earliest.
     
  48. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    my bad I meant the opposite of that.. like I want to enter now in some deep red. But good to know
     
  49. NothingIsOT

    NothingIsOT Fuller is a sarcastic asshole
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat