Official Investing Thread

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

  1. Sportfan

    Sportfan From Six to Dumptime

    Anyone have any good podcasts they listen to?

    I have a poker background and stumbled across Brandon Adams podcast. It’s pretty solid. He’s a little frustrating because of his cadence but he gets strong guests and it’s a good market/econ/poker mix.
     
  2. Sportfan

    Sportfan From Six to Dumptime

    Added to VOO 30 @$415.06

    keep on going up for no real reason please
     
    burnttatertot and dukebuckeye like this.
  3. Chumbolone

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

    Bogleheads on Investing
    Boxes + Lines
    Focused Compounding
    Invest Like The Best
    Motley Fool’s Industry Focus
    Odd Lots
    Real Vision (depends on the guest)

    And Squawk/Mad Money for background noise.
     
  4. Nashville Knight

    Nashville Knight Logistics
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    Lol, I buy 1 VOO every two weeks in my brokerage account after maxing out Roth IRA and 11% 401K. WTF do you do that you can buy 30 at a time?
     
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  5. Sportfan

    Sportfan From Six to Dumptime

    Hoodrat things with my friends :idk:

    Cloud cybersecurity sales
     
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  6. Hatfield

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

    MTTR last two days

    :diddydatass:
     
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  7. dukebuckeye

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

    DOCU single-handedly keeping my portfolio in the green today
     
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  8. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Story time…..

    Yesterday I bought 100 $NOW 670s that expired today for $0.63

    this morning about 20 minutes after the market opened I sold them for $2.00

    so I basically turned $6,300 into $20,000

    If I had held onto them for another 90 minutes i could’ve sold them for $8.00

    So left $60k on the table

    I want to puke
     
  9. fish

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

    Always a nice problem to have.
     
    Gallant Knight likes this.
  10. TheDKALife

    TheDKALife Well-Known Member

    Next time share it, I'll join in and no profits will be had by either of us.

    Congrats tho, profits are profits.
    I'm balls deep in a crypto video game play, thats how my year in the stock market has gone.
     
    Gallant Knight likes this.
  11. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    I bought some KWEB commons and 2023 $50c last week. Plan to hold for a while

    Took profit on SE today.
     
    letan likes this.
  12. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    Grabbed Autodesk today. :huh:
     
  13. Doc Louis

    Doc Louis Well-Known Member
    Donor

    Might be doing same with GSAT today.
     
  14. Speirs

    Speirs Well-Known Member
    Florida Gators

    Does anyone hold RETIs, VNQ for example, in their Roth accounts? Debating if I should add some exposure, tho I’m pretty sure I have a small amount through VTSAX.
     
  15. burnttatertot

    burnttatertot may contain traces of nuts
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    Big fan of REITs in Roths
     
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  16. jcb-r

    jcb-r Back and better than ever
    Rutgers Scarlet KnightsNew York MetsBrooklyn NetsTennessee TitansNew Jersey Devils

    Own WPC and VICI in my Roth at the moment.
     
    FelipeG and Speirs like this.
  17. dukebuckeye

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

    Murdered this week. Down 5%. Hoping for a recovery next week.
     
    Sportfan likes this.
  18. Seavie

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

    At this point just let it wait until the 15th and I buy more shares.
     
  19. jcb-r

    jcb-r Back and better than ever
    Rutgers Scarlet KnightsNew York MetsBrooklyn NetsTennessee TitansNew Jersey Devils

    Any thoughts on Apple with the drop yesterday? Have some cash on the side and drops like that don't happen all that often.
     
  20. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    I would. Apple is a long hold from me even though half their profits come from the iphone and they are heavy in China.
     
  21. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Doc Louis likes this.
  22. dukebuckeye

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

  23. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    Gritty Badger, BWC, Anison and 3 others like this.
  24. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    my favorite rhetorical tic that can be used for anything
     
  25. BUstang

    BUstang Lawyer

    This stings but being diligent helps mitigate the reverse version of this story from happening - Goes up to $2.00, you get greedy and all the sudden it goes to .30.
     
    Gallant Knight likes this.
  26. Bo Pelinis

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

    Why should a conversion exist when you can’t do it in the first place?
     
    kentucky_dawg likes this.
  27. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    Wonder what’s the likelihood of that bill being passed
     
  28. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    bill will pass, it's just what stays in it or not
     
  29. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Not sure who else to tell, but just submitted a payoff for my student loans that have hung around way too long due to the first handful of years being on terrible repayment options.

    Was making 2.5 payments a month the last 2 years and finally just said screw it and paid it off today. Plan is to “reimburse” my savings for the next few months and then hopefully will have a chunk of that extra cash going into the market.
     
  30. Bo Pelinis

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

    Congrats! That’s awesome
     
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  31. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor



    Stocks going to print today
     
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  32. ohhaithur

    ohhaithur e-Batman
    Donor

    Fuck "seeing your kid for the first time" or whatever. Seeing your loan finally go up $0 is the best feeling in the world
     
  33. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Definitely pumped to have that 800+/month back to put towards literally anything else.
     
    Doc Louis, Arliden, Tug and 1 other person like this.
  34. ohhaithur

    ohhaithur e-Batman
    Donor

    the weight off your shoulders is worth even more
     
  35. Chumbolone

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

  36. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    No. It kills backdoor Roth conversions in IRAs and 401ks for everyone. 10MM accounts have a "super" RMD and Roth conversion ladder is killed for >400k income. So those last two are immaterial to normal people. The other two would impact more people though. But like has been pointed out, these are loopholes.

    "Furthermore, this section prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after December 31, 2021."

    https://waysandmeans.house.gov/site...ns.house.gov/files/documents/SubtitleISxS.pdf
     
    #25936 billdozer, Sep 14, 2021
    Last edited: Sep 14, 2021
  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    hopefully the bills gets passed on time ~Oct 1stish

    going to be perturbed if I sideline the 12k for Jan 1st and it goes away
     
  38. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    Same. I might end up having to do something fun with my money like buy a boat - the thought of it disgusts me!
     
  39. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I'm in the range where I am well under the income limit for contributions to regular Roth IRAs but have money leftover after maxing IRAs/401k that I could put some into the MBDR. I would just shift it into the regular brokerage account instead.
     
  40. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    Could be wrong, but I think you said previously that you're the sole wage earner in the family. Do you also max out your wife's 401k, whatever that non-working 401k max is?
     
  41. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Wife is a stay at home mom, so there is no 401k possibility. So we do my 401k, two Roth IRAs, and an HSA. Then 3 529s and some to MBDR and a pittance to a brokerage account. Including matching, currently saving 48% of gross income.
     
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  42. Bo Pelinis

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

    :chrispaulnoooo:
     
  43. Chumbolone

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

    Lame. Voting with my wallet next election.
     
    Doc Louis likes this.
  44. C A N E

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

    Prepare your anus
     
  45. Doc Louis

    Doc Louis Well-Known Member
    Donor

    Actually, removing the accredited investor requirement would open up IRA investment opportunities for more people, and could be riskier for people who don't qualify for that accreditation.
     
  46. dukebuckeye

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

    -1.5% premarket :ohnoes:
     
  47. danny2430

    danny2430 Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsLiverpool

    Not sure if this is just more smoke
     
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  48. infected donkey

    infected donkey Arkansas Razorbacks
    Donor
    Arkansas RazorbacksChicago CubsAvengersBarAndGrillSoutheastern Conference

    Bring on the bloodshed, loaded up on inverse’s friyay.
     
  49. Paddy Murphy

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

    Beijing is gonna let Evergrande go but it’s a high wire act to let the company and stock holders lose it all but not impact the average Chinese buyer of the thousands or millions of apartments under construction.

    FWIW I think this will be more of a tremor than an earthquake. Evergrande is going under because of its capital stack and lack of cash, not it’s business or the Chinese housing market especially if Beijing is heading the direction of “common prosperity”. It may be a hell of a tremor though.
     
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  50. Sportfan

    Sportfan From Six to Dumptime

    Finance Media been trying to create a 10% pullback for like 6 weeks now. This plus McConnell seem to be what they needed.
     
    Paddy Murphy likes this.