Official Investing Thread

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

  1. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    Should be able to specify which tax lot you want to sell - either at the order screen or after the fact.
    https://www.tdameritrade.com/education/taxes/what-is-a-tax-lot.html
     
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  2. stringmusic24

    stringmusic24 Iconoclast, Aspiring Misanthrope
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  3. rcragg82

    rcragg82 Well-Known Member
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    I use eTrade but if you go to sell, they'll breakdown what you are able to sell and if it is short-term or long-term.
     
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  4. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  5. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
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    But muh inflation!
     
  6. Bo Pelinis

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    Remember when all these dummies pretended it wasn't a supply chain and logistics issue
     
  7. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    inflation hawks from the austrian school ideology are maybe the most predictable people in the finance space but wildly over represented on the internet

    reality doesn't matter, the ideology tells you what's happening you just have to find what agrees with you or pretend it just can't be captured yet (see this all the time with inflation specifically, like the people who think we've been in 30% inflationary periods for the last decade)

    it's so crazy
     
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  8. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    always fun to remember how much of the risk is perception not fundamental
     
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  9. Bo Pelinis

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    "Hey the American economy is a freight train that is getting going and there will be issues with that in the short term."

    "No. Inflation."

    "Really we stopped almost everything and now we're restarting. There are bound to be growing pains. There's a transportation shortage because of a truck shortage because of a parts shortage. It's like, really easy to see."

    "No."
     
  10. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i don't even know what to call most these people anymore, lots of them are crypto fanatics so they buy that ideology which is an off spring of basically paleo-libertarian economic thought? like the earliest most base level austrian school? where any micro stimulus or monetary expansion is inflation, no analysis of whether it's true that's just the baseline premise you must accept.

    its hard to be in the inflation hawk lane as a friedman-ite after the last 30 years, most updated their priors because of whats actually happened, but that ideology is so sticky

    its all so dumb
     
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  11. Bo Pelinis

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    Had a long convo with one of these people but like, trying to fit the economic narrative into the political one rather than the other way around. I had to explain a whole bunch about monetary theory and got "well, maybe inflation is our next bubble because look at the rise in the value of bitcoin" and it's like man, I can't even tackle that worldview. Bitcoin is so outside the scope of inflation/deflation because of a bunch of other factors that they shouldn't be conflated but there's a ton of Libertarian lite former republican Ben Shapiro acolyte still Trump but trying to be above the fray people.

    It's a giant mud puddle of gibberish and feels.
     
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  12. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    btc maxis are just goldbugs of yesteryear with a new veneer to appeal to younger people since gold became like QVC and late night infomercial level uncool. its why they've been maybe the #1 drivers of trying to spin M1 or M2 charts as measures of inflation (extremely austrian school ideological premise!), or creating ratios with them to imply massive inflation pressure, etc.
     
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  13. Bo Pelinis

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    I just know it must be making the right wing media rounds because I had approximately the same conversation with 3 different people and 2 shouldn't have really even known about cryptocurrency. It's always enjoyable when someone asks me like, what cryptocurrency is then argues with me over that and how it's tied to inflation. Like, don't ask me what something is then argue with me about it like you already know. We both know you just got that talking point from some right wing bullshit artist looking to justify cutting taxes and social services and don't know anything beyond what that person said.
     
  14. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    Can someone give me an explainer on special dividends? TRCH announced it today, and from what I understand it's going to be share for share of a Series A Preferred Stock. What does that mean
     
  15. user15000

    user15000 Well-Known Member



    I don’t even buy the “lumber shows inflation” narrative, but still
     
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  16. BWC

    BWC It was the BOAT times, it was the WOAT times
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  17. Bo Pelinis

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    I don't buy the lumber inflation narrative but here's a chart insinuating there's lumber inflation
     
  18. Seavie

    Seavie Loading tweet...
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    Doing the 3,600 individual max for my HSA. Thinking of doing a REIT ETF since those also are required to give dividends. And just let that grow tax free.

    Good or bad idea?

    If good, any particular REIT ETFs to recommend?
     
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  19. billdozer

    billdozer Well-Known Member
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    I would be focused on total return after dividends rather than if something gives dividends. You can look at the REITs and compare to something else to decide if you want to do that. If you do, I used to be in USRT that did well.
     
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  20. kinghill

    kinghill Cool American Flavour
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    I’m still not 100% if I can contribute 3600 or 7200 to HSA so I’m going to go with 3600 for now.

    Once that gets going will probably just throw it into one or two of the low cost index funds that HSA Bank offers.
     
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  21. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Some of you may be happy to hear I am finally changing my withholding status. After years of never looking at it and always paying more in taxes throughout the year to get a big return around April, I've had enough.

    Related- I'm still waiting on my 2020 return :dump

    My question is should I change to Married/0 or Married/1 ? And what the eff is the difference? I need this explained to me like I am 6 years old.

    Thank you.
     
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  22. The Hebrew Husker

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    Is he saying 8% of the people involved in the study? I’ve read this like 10 times and can’t confirm what he means.
     
  23. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
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    Last couple days have not been kind to me. Down like 10%.
     
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  24. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    Yes, it's basically polling public opinion about inflation/deflation beliefs at a given point in time.
     
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  25. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    thought this was interesting
     
  26. Arliden

    Arliden Well-Known Member
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    A4DE9A2B-29CE-47F9-859F-F51023F374E7.png
    thought this was interesting
     

    Attached Files:

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  27. kinghill

    kinghill Cool American Flavour
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    IMO use the IRS withholding calculator, if you’re accurately able to estimate the figures it requires, then make the recommended changes.
     
  28. stexraider

    stexraider Fire Everybody
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    pretty straightforward… for every 1 share of common you own you’ll receive 1 share of series A preferred stock
     
  29. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    I more meant the Series A preferred stock. Is that just a META stock in this case?
     
  30. stexraider

    stexraider Fire Everybody
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    What’s a META stock?

    preferred stock is usually junior debt on the balance sheet and can sometimes be convertible to common at some future date but I didn’t see anything in the press releases that indicated that it would be convertible for sure… preferreds almost always pay a dividend but the income from which usually doesn’t get preferential tax treatment… it would be ordinary income
     
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  31. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    META is who's merging with TRCH, so I wasn't sure if Series A preferred meant one of their stocks once everything is complete with the merger.

    Sorry if this is a dumb question.
     
  32. stexraider

    stexraider Fire Everybody
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    no, it looks like they’re setting aside specific assets and proceeds of sales for the one time dividend payment and packaging that in preferred stock form… I would imagine there’s some advantageous tax reason for them to do this… it doesn’t look to me like there will be much value in the preferred shares
     
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  33. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    Hopefully they're convertible. I haven't read through it yet though.
     
  34. Seavie

    Seavie Loading tweet...
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    This week has kind of sucked.
     
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  35. Frankie Carbone

    Frankie Carbone eh che se dice
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    Yea but lumber prices have slightly dropped from an insane high so all is good
     
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  36. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
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    I wouldn't call it slightly, but I know a lot of inflation fear mongerers seem somewhat disappointed about the idea that a lot of the price increases they complained about were transient and supply/demand based, and that their fears were almost certainly way overblown.

    Regardless, as far as the market this week...just seems like a good opportunity to buy while a bunch of good stocks have had some nice dips.
     
  37. Seavie

    Seavie Loading tweet...
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    My thing is the timing was awful for me. I have a percentage of my paycheck going into my brokerage account. Got paid on the 15th. Would much rather have waited until say today to buy additional shares but I guess that's how it goes sometimes.
     
  38. Frankie Carbone

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    The Fed is trying with everything they can to mitigate the extent of inflation levels…inflation has already been here. Their latest report proves nothing was overblown
     
  39. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
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    Time in the market vs. timing the market blah blah blah.
     
  40. Seavie

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    Yeah. Maybe I should just stop watching my unrealized gains/losses every hour haha.
     
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  41. The Blackfish

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    Yeah over the long term all that will be just noise.
     
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  42. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    That is not remotely true lmao
     
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  43. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    The fed is trying with all their power to mitigate inflation by saying they'll raise rates maybe in a year and half
     
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  44. Frankie Carbone

    Frankie Carbone eh che se dice
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    Did you just start paying attention to what they’ve been saying and doing or…
     
  45. Frankie Carbone

    Frankie Carbone eh che se dice
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  46. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  47. Frankie Carbone

    Frankie Carbone eh che se dice
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    :laugh:

    So the answer is yes, you just started paying attention to what they’ve done/been doing.
     
  48. NothingIsOT

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    “We're expecting a good year, a good reopening. But this is a bigger year than we were expecting, more inflation than we were expecting," the central bank official said on "Squawk Box." "I think it's natural that we've tilted a little bit more hawkish here to contain inflationary pressures."


    James Bullard >>> Twitter echo chamber
     
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  49. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    you know you can actually say things right

    the idea the fed has been inflation hawks over the last year, especially compared to history, is laughable
     
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  50. Kevintensity

    Kevintensity Poster/Posting Game Coordinator
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    Don't y'all mean inflation hocks?