Official Investing Thread

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

  1. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
    Donor
    New York GiantsNew York YankeesAtlanta UnitedUCF Knights

    Whenever I see these morning sell off dips followed by gradual returns to where they started, I think to myself that a person could probably do nicely just say trading on that exact pattern. It’s almost every day that I see this happen to some degree with my stocks. The only risk is buying and it keeps going down but unless there’s really bad news, I see no reason why they would.
     
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  2. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    when i fucked around with robinhood for a few months back this is largely what i did when the market was largely in stasis with an upward trend, just always betting towards a regression to the mean

    i made money but it was a pain in the ass and i wasn't confident enough to do it with large enough amounts to make it worth it, also like you said one bad miss and all your gains are gone
     
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  3. Bo Pelinis

    Bo Pelinis You did it! Congratulations!
    Donor TMB OG
    Nebraska CornhuskersBig 8 Conference

    To make it worthwhile you have to bet more money than I’m willing to lose on shit stonks. Unless you are just doing it for fun then go off.
     
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  4. Ty Webb

    Ty Webb Living rent free in Jigga's head
    Donor
    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    One other caveat to your argument. Who really benefitted the most from the "American Dream" of home ownership. It was the banks.
     
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  5. Bo Pelinis

    Bo Pelinis You did it! Congratulations!
    Donor TMB OG
    Nebraska CornhuskersBig 8 Conference

    I understand the argument about zoning and all the other things that hurt affordable housing. And generally think major changes should happen for more affordable housing. But real property will never ever be a depreciating asset.
     
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  6. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    for sure, and that's why i bought real estate as an investment vehicle, it's maybe my most pessimistic singular issue in the US

    its a very simple framework, people in the US view houses as assets so they act accordingly and try to stop anything that could theoretically diminish their value, similar to other markets people with, harm those without.
     
  7. Det. Frank Bullitt

    Det. Frank Bullitt God Bless Texas
    Donor TMB OG
    Texas LonghornsManchester United

    to carry your previous point forward. What is wrong with Joe Everyman (not talking about NIMBYs here) thinking that house values go up over time? You called it a 'toxic and destructive belief' on the previous page.

    I believe you've unfairly characterized all homeowners as NIMBYs
     
  8. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    because of the behavior that comes with it
     
  9. Det. Frank Bullitt

    Det. Frank Bullitt God Bless Texas
    Donor TMB OG
    Texas LonghornsManchester United

    I edited to add "I believe you've unfairly characterized all homeowners as NIMBYs"
     
  10. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i very much talked about the growth of yimby power and hoping it continues, but i'm not optimistic due to the dynamics involved. locally where I live there has been quite a bit of yimby success i'm just unsure how long it can hold off the inevitable backlash.

    i hope im extremely wrong
     
  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    for example its not real hard to get people to agree with yimby policies in the current housing environment where everybody is seeing big yoy value growth

    when those policies start paying dividends in slower housing value growth do those same people still onboard? are the societal bonuses enough to offset it?
     
  12. Nashville Knight

    Nashville Knight Logistics
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    They own ~80,000 units out of the 140M total housing units...

    https://www.vox.com/22524829/wall-street-housing-market-blackrock-bubble
     
  13. Doc Louis

    Doc Louis Well-Known Member
    Donor

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  14. Nashville Knight

    Nashville Knight Logistics
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

  15. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

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  16. Ralph

    Ralph Well-Known Member
    Donor

    :doge:
     
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  17. Jimmy the Saint

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

    I think he's talking about Biden's plan for high earner's capital gains being taxed at the top marginal rate but that's still a lot of awful takes.
     
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  18. Sportfan

    Sportfan From Six to Dumptime

    Added to ICLN 212 shares @$23.53

    Position is now 1921 shares @24.11
     
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  19. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    Bogleheads would call those two holdings redundant. All of VOO is in VTI, and they’re correlated enough long term that you’re not really juicing your gains like you would say adding redundant exposure to a narrower/specific sector as opposed to the entire S&P. :twocents:
     
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  20. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    I feel like I need to be in more sector specific ETFs. Then I start looking at them and hesitate whether it be due to higher expense ratios or seemingly poor performance vs S&P/QQQ/etc.

    I don’t mind the volatility.
     
  21. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    I do it with my speculative funds… my retirement vehicles are just the boring three fund portfolio (would prob add VNQ if I weren’t directly invested in RE).

    My brokerage accounts I’m still mostly VTI, but I’ll rotate sector plays based on macro events/perception (commodities, miners, utilities, financials, consumer staples/discretionary) and try to be overweight sectors I like on longer time horizons ~5y (healthcare and tech) QQQm, VHT, VGT.

    I will say all the studies and literature I’ve read about sector rotation suggests most are still better off sticking with a boring portfolio. But I feel like major macro events (elections, pandemics) and obvious trends (tech disproportionately fueling growth, healthcare w/an aging unhealthy populous w/ no reforms in sight) are bets I’m comfortable with.
     
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  22. Det. Frank Bullitt

    Det. Frank Bullitt God Bless Texas
    Donor TMB OG
    Texas LonghornsManchester United

    Headline:
    Robinhood’s IPO filing reveals Dogecoin helped its revenue skyrocket in 2021


    Article Text: “34 percent of our cryptocurrency transaction-based revenue was attributable to transactions in Dogecoin.” At the same time, revenue from cryptocurrency transactions went from 4 percent for the last three months of 2020 to 12 percent of its total revenue in the first three months of 2021.
     
  23. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
    Donor
    New York GiantsNew York YankeesAtlanta UnitedUCF Knights

    Oh no ITRM, what is you doing…
     
  24. fish

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

    I'm jealous of your entry price.
     
  25. Sportfan

    Sportfan From Six to Dumptime

    Yes now if it would only go up back to past highs
     
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  26. Det. Frank Bullitt

    Det. Frank Bullitt God Bless Texas
    Donor TMB OG
    Texas LonghornsManchester United

    Personal R.O.R. on retirement account is 37% over the last 12 months.

    If I only had more $$ in there.
     
  27. Sportfan

    Sportfan From Six to Dumptime

    Incredible isn’t it? The amount of money I’ve “earned” the last 18 months is insane to me. Still upset that my first year trying to invest at all was 2008 and I spent the next decade too scared to do much with my money. If only I’d found threads like this one five years ago…
     
  28. Det. Frank Bullitt

    Det. Frank Bullitt God Bless Texas
    Donor TMB OG
    Texas LonghornsManchester United

    Update wife's is 30.93% for same period.

    blessed
     
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  29. Bo Pelinis

    Bo Pelinis You did it! Congratulations!
    Donor TMB OG
    Nebraska CornhuskersBig 8 Conference

    *nooneupper*

    Roth is up 49.73% since June of last year. All SCHG.
     
  30. Arrec Bardwin

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

    113% in the Roth if you take out deposits.

    More passive 401k is 33.33% over the last 4 quarters
     
  31. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    18.04% avg return since 2001 in my 401a
     
  32. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersWofford TerriersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    I hope the number in 2001 was big enough to make 18% per year for 20 years mean you are sitting pretty.
     
  33. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    23% since 2005 for me. Or 18.8% in the 401k since 2011.
     
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  34. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Didn’t crack $10k until May of 2009. Put everything in WSTAX in 2010. NASDAQ has been good to me. $630k today.
     
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  35. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersWofford TerriersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    compound interest baby.
     
  36. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    12 years until I retire. 5 years from going a bit more conservative with investments. Hoping for $5m+ at 60. $20k a month for 40 years with 5% returns. I won’t live that long, but if I do I’m covered. Union pension and 401a can’t both go belly up right?
     
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  37. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    That's a huge pension
     
  38. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    NorCal pension, 401a, Roth and 401k. Get NorCal defined benefit at 55. Tap the other 3 at 60 if necessary. I just plugged in what I thought I’d have saved. 0FA7B087-56F2-4D14-B06B-0CF498A07F34.png
     
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  39. dukebuckeye

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

    Maxed out my 401k contributions, my employer match, and did a Roth IRA max for my wife and I.

    Suggestions on where to continue investing? My brokerage and 529 Plans were my next guess.
     
  40. The Blackfish

    The Blackfish The Fish in Black
    Staff Donor TMB OG
    Alabama Crimson TideIndianapolis Colts

    HSA if your plan qualifies. You can do a mega back door Roth if that is a possibility through your 401k provider. Outside of that yeah brokerage or 529.
     
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  41. dukebuckeye

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

    Thanks. I’ll have to look into the HSA and Mega Roth. Appreciate it.
     
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  42. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Mega Roth may be called after tax contributions with Roth conversion in the 401k plan. Usually not called Mega Backdoor Roth.
     
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  43. dukebuckeye

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

    Thank you sir.
     
  44. Frankie Carbone

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

    Are Mega Backdoor Roth’s only able to be utilized through a 401k?
     
  45. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Yes. You have backdoor Roth's with IRAs. You can't have a traditional IRA and do it though. It's the same $6000 limit.

    A Mega Backdoor Roth is aftertax 401k contributions that are converted to Roth and either stay in the 401k or are sent to a Roth IRA, depending on what the plan allows. My plan lets me convert them automatically but the funds stay in the 401k. This limit is $58,000-$19,500-employer match.
     
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  46. Bo Pelinis

    Bo Pelinis You did it! Congratulations!
    Donor TMB OG
    Nebraska CornhuskersBig 8 Conference

    Mega Backdoor Roth sounds sexual
     
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  47. Sportfan

    Sportfan From Six to Dumptime

    $20k to live off of a month, holy shit sounds like a helluva time.
     
  48. Frankie Carbone

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

    Sounds like a no brainer option after maxing out a backdoor Roth if phased out of regular Roth.

    Now I’m contemplating switching to a self employed 401k from the SEP to utilize that option.
     
  49. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    Both you and your wife max out each of your 401k contributions? Finally got my wife to also max out hers after trying to talk her into it forever
     
    #25699 Smuggy, Jul 7, 2021
    Last edited: Jul 7, 2021
  50. C A N E

    C A N E Well-Known Member
    Donor
    Miami HurricanesMiami Heat

    Futures are ew
     
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