Official Investing Thread

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

  1. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Anyone have that Discord link. Got a new phone and ITV won’t come up
     
  2. Sportfan

    Sportfan From Six to Dumptime

    havent had a five figure loss in forever, so bring it on I guess :idk:
     
  3. MORBO!

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

    omfg a bloodbath this morning
     
  4. Det. Frank Bullitt

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

    Snack Fact Of the Day
    60% of Millennials earning more than $100K/year say they're living paycheck to paycheck, according to a new survey


    https://www.businessinsider.com/high-earning-henry-millennials-six-figure-salaries-feel-broke-2021-6

    High-earning millennials feel broke.
    Sixty percent of millennials raking in over $100,000 a year said they're living paycheck to paycheck, found a new survey by PYMNTS and LendingClub, which analyzed economic data and census-balanced surveys of over 28,000 Americans.
    It found that about 54% of Americans live paycheck to paycheck. And nearly 40% of high earners — those making more than $100,000 annually — said they live that way.
    That means high-earning millennials aren't the only ones feeling stretched thin, but they feel that way more than their six-figure-making peers. Living on constrained budgets may therefore have less to do with income and more to do with expenses, the report said.
    That's partly because of lifestyle choices. Many of these millennials are likely HENRYs — short for high earner, not rich yet. The acronym was invented in 2003, but it has come to characterize a certain group of 30-something six-figure earners who struggle to balance their spending and savings habits.
    HENRYs typically fall victim to lifestyle creep, when one increases one's standard of living to match a rise in discretionary income. They prefer a comfortable and often expensive lifestyle that leaves them living paycheck to paycheck.
    Read more: Here's why so many millennials making six-figure salaries still feel broke
    A $100,000 salary isn't what it was
    The economy is also a huge factor behind why six-figure-earning millennials feel broke.
    ADVERTISING
    As the report said, "Living paycheck to paycheck sometimes carries connotations of barely scraping by and of poverty. The reality of a paycheck-to-paycheck lifestyle in the United States today is much more complex, and the current economic environment has made it even more complicated."
    It cited the example of a college-educated 35-year-old earning more than $100,000 while juggling a mortgage, student-loan debt, and a child, which could leave them with little savings for big purchases or unexpected emergencies.
    The generation is facing an affordability crisis. Income increases simply have not kept up with an exponential increase in living costs, and the pandemic hasn't helped matters by throwing job loss and pay cuts into the mix.
    The cost of education has also more than doubled since the 1970s, leaving many millennials with student debt. Priya Malani, the founder of Stash Wealth, a financial firm that works with HENRYs, previously told Insider that 40% of her clients had student loans. On average, they owed $80,000.
    As a byproduct of this increased cost in living, the middle class has been shrinking. Pew Research Center defines the US middle class as people earning two-thirds to twice the median household income — i.e., about $48,500 to $145,500 in 2018, the most recent data available found.
    That means a six-figure salary is no longer what it used to be. In today's economy, $100,000 is considered middle class in the US.
     
  5. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

  6. Sportfan

    Sportfan From Six to Dumptime

    What a difference 32 hours makes :loldog:
     
    dukebuckeye and NothingIsOT like this.
  7. dukebuckeye

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

    Made all of my losses up and then gained another 1.5%

    We should try to have those every day.
     
  8. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Have an automatic purchase set up for payday, so when Thursday was rough I thought oh at least I’ll get a bit of a “discount” on Friday…guess not
     
    Seavie likes this.
  9. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor



    being talked about a lot but this one has chart
     
  10. Arliden

    Arliden Well-Known Member

  11. Arliden

    Arliden Well-Known Member

  12. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    are inflation hawks the least logically stable crew? at least find someone who is arguing the pandemic exclusions are off base, because that's really all the fed cares about is the inflation they could theoretically have an impact on

    like you can make a lot of money if you think the long term yields are way off base! go for it!
     
    CaneKnight likes this.
  13. MORBO!

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

    As someone with a fair amount of student debt and a mortgage and all that…I’m okay with a little inflation.
     
    TheDKALife and Arliden like this.
  14. Arliden

    Arliden Well-Known Member

    anyone with debt should be loving it
     
  15. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

    Can you explain what you're getting at here?
     
  16. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    that the pandemic caused idiosyncrasies will be less responsive to fed actions and shouldn't cause fed actions in the first place vs "real" inflation

    like say, hotel pricing
     
    CaneKnight and momux like this.
  17. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

    I think the fed has done a pretty masterful job controlling inflation for the last 35 years or so.

    I also think the last decade of QE is going to put that ability to a big test in the next 3 years.
     
  18. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
    Donor

    It's very obvious supply side issues due to the pandemic and people not returning to work due to finding new jobs is causing increase in prices. Like this isn't hard folks, anyone saying otherwise is pushing garbage. Also prices increasing was inevitable once people started participating in the economy again.. Y'all thought gas was gonna stay below 2 dollars?????????
     
    #25718 CaneKnight, Jul 13, 2021
    Last edited: Jul 13, 2021
    kinghill likes this.
  19. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    you agree with whats caused the dove-ish swing among most economists?

    or you more of a Volcker guy?
     
  20. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

    I think Volcker obviously got a lot of pub and was hailed as a hero (rightfully or wrongly, I don't really know or care). What I do believe is that a stable, low inflation rate is key to a successful capitalist economy in today's environment and we have achieved that.

    Open to reading more; I am not an economist.
     
    High Cotton and NothingIsOT like this.
  21. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    as the Friedmanites have aged out of relevancy Volcker has definitely gotten a second look and it's much more negative, especially after the last 15 years of evidence came in.

    its more just target inflation rates without insane hawkishness to keep it below target as the benefits of a rapid return of full employment are seen as worth a period of overshoot, run the economy hot and adjust vs run the economy cold and adjust as needed. especially with the evidence we got from the great recession and the rebound. also that the US isn't really at risk of runaway inflation for many many reasons and we should leverage that to our advantage (full employment). we made huge mistakes in having unnecessarily high unemployment and despair by not stimulating rapid reactions to recessions out of everyone having PTSD from the 70s (which there are endless books about why that isn't really replicable now and in dispute of why it happened, most coercive to me is failures by the fed in response to political pressure and global dynamics we couldn't really combat)
     
  22. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  23. letan

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

  24. Houndster

    Houndster $25 Standard Unit
    Staff Donor TMB OG

    DRNG got acquired by another company and almost up to a penny now. Should probably sell this news but YOLO
     
    burnttatertot likes this.
  25. Sportfan

    Sportfan From Six to Dumptime

    Final buy of ICLN yesterday

    250 shares @22.27

    Position is now 2,171 shares @23.90

    Need to find another sector for my next chunk.
     
    fish likes this.
  26. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    What do you guys think of the weed ETF’s like THCX - semi-longterm like 5+ years? I mean things continue to shift towards it being legal everywhere right? With this Cannabis Opportunity Act or whatever
     
  27. NothingIsOT

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

    I think illegal weed is still cheaper in places? I don’t know how much more of a market it’s going to be?

    Yeah I thought of it weed as a lotto ticket couple years ago too, but the charts just don’t look good. I took a loss on it last year and moved on. I think you play solar or space if you’re looking for a big reward in 5 years.
     
  28. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    As long as states don't do what CA does with weed, I think it'll be a good long term play. Solar will be similarly kept down until the majority of the 60-80 yr olds in Washington GTFO. Although with GM and Ford moving forward with EVs, Green energy should be a little quicker.
     
  29. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    Green energy (current tech) and wide scale ev do not exist together reliably. I am sure I am going to get smoked by the usuals for saying this but it is the truth.
     
  30. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    SMOKE HIM, BOYS
     
  31. Goose

    Goose Hi
    Donor
    Ohio State BuckeyesCincinnati BearcatsCincinnati RedsCincinnati BengalsDayton FlyersTiger WoodsFC CincinnatiBarAndGrill

    Ohio has medical and the prices are 50-100% higher than states like Colorado and California for recreational use

    10 pack of 10mg gummies are over $40 for the most part. Usually $20 elsewhere.

    Carts that are $40ish elsewhere are $60-80 here.

    Flowers about $10-15 a gram, but you can only by in increments of 2.83g. A half oz ends up being around $200 of good stuff
     
  32. Aurelius

    Aurelius This man, Lenny Pepperidge, AKA Lenny the Pep...
    Donor
    Nebraska CornhuskersCleveland BrownsNewcastle UnitedCrystal PalaceCleveland CavaliersCleveland IndiansPGANebraska Cornhuskers alt

    fucking covid man
     
  33. C A N E

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

  34. Sportfan

    Sportfan From Six to Dumptime

    Can we dip until end of month when I get a big commission check? I’m 98% invested right now sooooo just sitting here wanting to not have to keep buying at the top of the market each time. Good problem to have I guess.

    But moments like this should motivate me to find another potential stream of income for my super early
    retirement goals yet I’m too lazy.
     
    Tug and Seavie like this.
  35. dukebuckeye

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

    Good buying day
     
    burnttatertot likes this.
  36. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    just finished seeing how much liquid i had to put in
     
    burnttatertot likes this.
  37. dukebuckeye

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

    I put in 10k this morning
     
    Sportfan likes this.
  38. Seavie

    Seavie Loading tweet...
    Donor TMB OG
    Alabama Crimson Tide

    Got paid on the 15th. Bought more of my total stock market index fund right around opening. And things have pretty much declined ever since. Sigh.

    I mean it would have been nice if I waited at least a could of days.
     
    burnttatertot and Sportfan like this.
  39. fish

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

    Just adding to positions?
     
  40. dukebuckeye

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

    Yup
     
  41. NothingIsOT

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

    Just bought 200 more shares of GE. Down 5% today. Get myself a nice quick pop tomorrow.
     
    High Cotton and Aurelius like this.
  42. Sportfan

    Sportfan From Six to Dumptime

    So I’ve owned Slack for over a year now (and Salesforce for even longer) but later this week I’ll be getting like $26/share of slack in cash and something like .075 shares of Salesforce per slack share. My question is, will those new shares of Salesforce already fall under long term capital gains or will I have to wait a year?

    I don’t plan on selling them either way but kinda curious as this is my first time going through an acquisition as a shareholder.
     
  43. burnttatertot

    burnttatertot Super Necessary
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    blew about 30% of my cash today, another day or two like this and I'll go a little harder in the paint.
     
    NothingIsOT, dukebuckeye and Sportfan like this.
  44. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    I want to see more red before I start saying good buying day
     
  45. dukebuckeye

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

    I don’t know how much I mean it. It just makes me feel better to say.
     
    infected donkey, fish and kinghill like this.
  46. NothingIsOT

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

    Made $100 on this one risking $2,400. 4% in a day not bad!
     
    letan likes this.
  47. dukebuckeye

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

    Lost 1.8% yesterday. Up 3.1% this morning. I'd like that to maintain plz.
     
    letan and Sportfan like this.
  48. Seavie

    Seavie Loading tweet...
    Donor TMB OG
    Alabama Crimson Tide

    As I've mentioned, this year is really my first year fully committed to retirement. I created both a Roth IRA and HSA. And I've contributed the max to each from cash savings. I did this early 2nd quarter. So my balance isn't growing except for market fluctuations.

    I'm contributing monthly to my taxable brokerage account, but since I'm at the max contribution for my tax deferred and non taxable accounts, I'm a little bothered. Next year it won't be a big lump sum as I'll likely reduce my brokerage account monthly contribution until I've met the max again for the HSA and the Roth IRA.

    But until then... I'm stuck when it comes to saving more.

    Does anyone have any suggestions, advice? Or am I basically just going to be watching what the market does to both the Roth IRA and HSA, and not be able to contribute further until 2022?
     
  49. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    That's the quandary with lump summing vs dollar cost averaging. Lump summing is about 65% on coming out ahead. Unless you have a 401k and one that allows for after-tax Roth conversions, you've done all you can for tax advantaged accounts.
     
    Seavie likes this.
  50. Seavie

    Seavie Loading tweet...
    Donor TMB OG
    Alabama Crimson Tide

    Yeah I think next year I'll be doing just whatever I can each month until I max them out again. So not entirely lump sum, but also not taking the entire year to max them out either. Hopefully that doesn't take the entire year but it just depends. I'm not sitting on a lot of cash any longer since I've started investing.

    Edit: I am however building an emergency cash fund but that won't be touched
     
    #25750 Seavie, Jul 20, 2021
    Last edited: Jul 20, 2021