Official Investing Thread

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

  1. citrodong

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

    2008 took years
    2018 took 6 months
    2020 took 4 months

    People buy every dip no matter how small.
     
  2. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    the way to really make money in the crypto space is to be friends with people setting up the defi ponzi schemes so you get in early and can get out before the rug pull
     
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  3. ScFan27

    ScFan27 Well-Known Member

    Comparing 2008 to the other two time periods is apples to oranges but that’s another topic.

    But yes what goes down comes back up in the equity market. The people who sell on the way down end up buying again, that’s nothing new.
     
  4. Sportfan

    Sportfan From Six to Dumptime

    I’ve been doing a ton of reading/watching on the monthly dividend stocks using covered calls to gain premium. It’s an interesting concept, but ultimately since the NASDAQ100 has been such a rocket ship since 2008 they all get grossly outperformed by the tried and true QQQ.

    Now in flatter markets I see them as a nice hedge, or if you have a dividend strategy and want to have another fund that doesn’t have all the high yield stocks like SCHD then I think they can be quite good. There are also some middle of the road options I think like QQQx maybe which try to split the difference.

    One of those things where at face value QYLD touting 11-12-% annual dividend yield with monthly payments sounds awesome but you’d have left massive gains on the table vs just buying QQQ.
     
  5. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Damn just saw RIVN got all the way to 180 then took a dive. What happened? People just take their money and ran?
     
  6. The Blackfish

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

    I’m not going to lie I’ve contemplated doing something similar to citrodong in the past. Makes sense in this market. If I come into some fun money I’ll probably do the same.
     
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  7. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    *throws 10k into TQQQ in my Roth*

    *maybe*
     
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  8. citrodong

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

    Maybe something like this is the move for you:

    Put 60% into 3x leveraged funds of your choice
    Put 40% into an all weather blend. You can google the mix

    If shit hits the fan and TQQQ UPRO become insolvent you can move your 40% into whatever the new 3x fund is and ride up the recovery. Until shit hits the fan you balance monthly or quarterly from the leveraged 60% into the 40% to keep that ratio. I think this will average like 2x vs the 3x but even the 2x leveraged funds are susceptible to insolvency in catastrophic conditions, this wouldn't be.
     
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  9. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    You can do the hedgefundie method to smooth it out. Mix in TMF and rebalance.

    https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults

    This is 100% UPRO vs 55% UPRO/45% TMF rebalanced quarterly

    upload_2021-11-19_13-24-7.png
     
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  10. The Blackfish

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

    I’ll probably just continue to put everything into ITOT fun money or no but it’s fun to dream
     
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  11. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I had seriously considered putting $20,000 from my 401k into the UPRO/TMF mix back in early 2019. But just left it in ITOT. What could have been.
     
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  12. Seavie

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

    Any benefit to this one instead of for example SCHB?
     
  13. The Milkman

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

    2018 style dip would be amazing. Reset RSIs across the board.
     
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  14. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Almost identical, ITOT has more (~1000) stocks in it and is almost twice as big, so it has more liquidity. I think it just depends on what you prefer.
     
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  15. Seavie

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

    I know just enough to be dangerous here. Do they weight this one more evenly across all stocks included? I think SCHB (which is what I currently put money into) is weighted pretty much to follow the S&P500, even though it is a total market ETF.
     
  16. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    They're basically the same. Don't worry about it. All of the total market ETFs (ITOT, SCHB, VTI) are basically the same.
    upload_2021-11-19_14-59-28.png

    upload_2021-11-19_14-58-49.png
     
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  17. Bo Pelinis

    Bo Pelinis Not really into dinosaurs right now
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    You should SCHG. Return is better than SCHB even tho dividends are lower. Like, substantially better (14%) since June 2020 for me.
     
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  18. Bo Pelinis

    Bo Pelinis Not really into dinosaurs right now
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    ITOT/SCHG/VTSAX are like 99% of my retirement.
     
  19. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    With the BBB half approved, here's where it stands

    Build Back Better Act Summary
    Caveats:
    • The legislation can still be substantially modified by the Senate before final passage.
    • The legislation may ultimately never pass.
    Effects on Roth accounts:
    • The backdoor and mega backdoor Roth would be closed to everyone effective Jan 1, 2022.
    • The Roth conversion ladder would be closed to filers with $400/450k income (single/MFJ) effective Jan 1, 2032.
    Effects on ACA subsidies:
    • The ACA subsidies for those making >400% federal poverty level (FPL) are extended through 2025.
    Additional details
    • Filers with $400/450k income would be blocked from additional IRA contributions (Trad/Roth) if their retirement accounts (IRAs and defined contribution accounts) would exceed $10M, effective Jan 1, 2029.
    • The same filers above would be subject to Minimum Required Distributions if their combined retirement account balances exceed $10M, with higher MRDs if the balance exceeds $20M.
    Source text of HR 5376 Build Back Better Act. (PDF)

    Section-by-Section Summary of the above. (PDF)

    Relevant text closing the mega/backdoor Roth to all and limiting the Roth conversions for those with $400/450k income:

    In order to close this so-called “back-door” Roth IRA strategy, and a similar one for retirement plans, this section prohibits all employee after-tax contributions in qualified plans and after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after December 31, 2021. In addition, the bill eliminates Roth conversions for both IRAs and employer-sponsored plans for single taxpayers (or taxpayers married filing separately) with taxable income over $400,000, married taxpayers filing jointly with taxable income over $450,000, and heads of households with taxable income over $425,000 (all indexed for inflation). This provision applies to distributions, transfers, and contributions made in taxable years beginning after December 31, 2031.

    - Page 170 of the Section-by-Section Summary
    - Page 2271 of the Build Back Better Act
     
  20. Seavie

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

    I'm putting any leftover money into the mutual fund equivalent for SCHG. It isn't much though. I will buy however many shares I can of SCHB, then put leftover into SWLGX. Did not realize the returns were that much better though. Something to think about.
     
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  21. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    upload_2021-11-19_16-9-25.png
     
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  22. Bo Pelinis

    Bo Pelinis Not really into dinosaurs right now
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Yeah mine might have just been a timing thing but I ended up buying B and G on the same day in June of 2020 and just over 70% return on G and just over 56% on B.
     
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  23. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    Whole lotta $400k income talk, which I can easily breeze past without reading.
     
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  24. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

    Soooo can you “day trade” in a traditional IRA?
     
  25. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Yes, or 401k. Just the 3 day settling time. I've got Fidelity Brokeragelink in my 401k, so I can buy any tradable stock or fund I want. I don't think options are allowed though.
     
  26. ANTWONE

    ANTWONE Hello
    Donor TMB OG
    Game of ThronesGrateful Dead

    I’ve been thinking about doing this for a Trump related NFT. I came across this coin in a discord and just had to :facepalm:

    https://letsgobrandoncoin.io/
     
  27. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor



    Brainard for Vice Chair too
     
  28. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Wasn’t he just recently caught insider trading?
    Cool country we live in.
     
  29. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    Powells trades were decidedly not problematic

    the other fed folks who resigned after, were
     
  30. The Milkman

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

    Getting murdered on this, just have commons, but not a good start
     
  31. letan

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

    My SQ shares are taking a beating as well
     
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  32. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Fun day
     
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  33. dukebuckeye

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

    Black Friday babe! Load up on those deals!
     
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  34. shawnoc

    shawnoc My president is black, my logos are red...
    Donor TMB OG
    Rutgers Scarlet KnightsNew Jersey DevilsNew York Red BullsLos Angeles Angels of Anaheim

    Reminder - it’s a half day today.
     
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  35. citrodong

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

    Sold calls against shares in UPRO and TQQQ that I was not in the least bit worried about now I'm not so sure. 135 and 155 but we're pushing those closer to the money.
     
  36. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    If you were ever interested in seeing the average balance in your company's 401k plans or other plans. Mine's at an average of $260k per person, which I'm pretty stunned at.

    https://www.efast.dol.gov/5500search/
     
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  37. The Blackfish

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

    Not sure what we file under, not seeing it
     
  38. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    $75k avg for 11,000 members
     
  39. Ty Webb

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

    Jesus. We're exactly half that ($132k) and we have a fairly old, tenured workforce. 6,163 participants.
     
  40. letan

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

    about $173k with over 280k participants
     
  41. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas RazorbacksTiger Woods

    104,000,000 for 195 participants… 533k per.

    [​IMG]
     
  42. The Blackfish

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

    $89k per it seems. Pathetic but also most of the long time employees have most of it in the pension that is no longer an option.
     
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  43. Ralph

    Ralph Well-Known Member
    Donor

    11 year old company with a match capped at $1,800 (up from $1,500 prior to this year) = $57,161 = turrible.
     
  44. Sportfan

    Sportfan From Six to Dumptime

    400 person with nearly $50k per, shocked it’s that high and floored by the results posted in here. Some of those averages are unreal for mid to large sized companies.

    On another note, what’s everyone’s match look like? Mine is 3% unlimited.
     
  45. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    $10,017,399,000 for 38,487 employees. We have old employees that are cycling out. I assume this includes those that haven't moved their funds out of the 401k after they retired. We have a pretty good match too and automatic enrollment, so maybe that helped. We have a good amount of good ole boys in the craft side, but the rest are pretty educated.
     
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  46. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    We have 6% for the older employees that have a cash balance plan with it. Newer ones that hired in in the last 10 years or so get 6% match plus a 4% automatic contribution.
     
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  47. letan

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

    5% match with either a 2 or 3% contribution based on how many years you’ve been with the company. 10 years to get the 3%
     
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  48. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Members have a pension too. There is no match and most members contribute the minimum hourly contribution. 10% are new members that started contributing in the last 2 years.
     
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  49. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    I can’t find mine. My company is 0% match but 54% pension.
     
  50. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas RazorbacksTiger Woods

    We have a 100% match for all employees, partners get to double match thanks to profit-sharing. Arkansas also has a state-sponsored program called the Diamond Plan that matches what I put away which is really nice.

    People are pretty surprised when I tell them I didn’t just move back to arkansas for the nightlife