Official Investing Thread

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

  1. billdozer

    billdozer Well-Known Member
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    Melvin Capital named the worst performing hedge fund of 2021 with -41% returns

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    According to Bloomberg, Melvin Capital was the worst performing hedge fund of 2021 with -41% return during the year. Melvin Capital was in the spotlight of news back in January and February of 2021 during the Gamestop and AMC meme stock saga. Seems like the reddit community of WallStreetBets did actually end up making a major dent in the returns of the fund. During the peak of the meme stocks mania, Melvin Capital received a major cash injection from firms such as Citadel, which is now a stakeholder of the fund.
     
  2. dukebuckeye

    dukebuckeye P.G.I.T
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    Anyone familiar with S-Corp 2% Medical Plan? Is it fully deductible?
     
  3. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    It's an above-the-line deduction to arrive at AGI if you meet certain requirements. So like the answer to basically every tax question, maybe.

    The answer is probably yes but I would discuss it with your tax professional.
     
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  4. dukebuckeye

    dukebuckeye P.G.I.T
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    Thanks dude. I just emailed my accountant, but I appreciate the insight.
     
  5. BP

    BP Bout to Regulate.
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    The elite taking care of each other. They got RH to stop trading to stop the bleeding. Got sued for it and it got thrown out bc the judge said it was suspicious but no wrong doing could be proved.
    :theswarm:
     
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  6. burnttatertot

    burnttatertot may contain traces of nuts
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    2022 gonna be a covered call ETF year?
     
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  7. Sportfan

    Sportfan From Six to Dumptime

    I’m holding and praying. After these last ~22 months I’ll be fine with a calmer year. Of course selfishly I want another double digit return in the S&P.

    Think my main goal in ‘22 will be to focus less on daily (hell sometimes hourly) swings and just get better at not putting so much emotional energy into my portfolio’s performance.

    I’m still researching some dividend producing ETF’s. I somehow made $6k this year. I really like SCHD because it appears to me to be not have much crossover compared to all the VOO and VGT/QQQ I hold.
     
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  8. fish

    fish Impossible, Germany
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    Embrace that diversity, lad.
     
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  9. The Milkman

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

    100%. We going down
     
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  10. dukebuckeye

    dukebuckeye P.G.I.T
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    Just got confirmation that the entire $19k is deductible. Hell yes.
     
  11. ScFan27

    ScFan27 Well-Known Member

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  12. Sportfan

    Sportfan From Six to Dumptime

    Plan was to get out of my individual software and cyber plays and get into SCHD in 2022. Not sure if today accelerated or slowed that down. Basically looking to close out my NOW, TENB, PANW, FB and CRM positions while holding AMZN, GOOG and AAPL. Also thinking of moving my QQQ/QQQm into SCHD also. Closer I get to FIRE this makes more sense to me.
     
  13. burnttatertot

    burnttatertot may contain traces of nuts
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    I sold NOW awhile back and too early, dumped half of my CRM position Monday (dodge a bullet there), doubled my AMZN position for reasons unknown, picked up GPN a couple weeks ago and it's already up 12%, started a position in TCEHY today. I'll picked up more tech after it peels back 20-30%.
     
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  14. fish

    fish Impossible, Germany
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    If you sold for profit, never question your decision.
     
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  15. soulfly

    soulfly Well-Known Member
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    Anyone been eyeballing SE? Contemplating snapping up some shares as a quasi-lottery ticket.
     
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  16. The Milkman

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

    I’ve owned SE for 10 months. Was fantasizing about the long term cap gains exit. Guess I’ll keep holding - good company

    I’ve doubled down on SLB and OXY.

    got stop lossed on CRSP. -10% in 3 days. That’s sucked
     
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  17. burnttatertot

    burnttatertot may contain traces of nuts
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    It's hard not to, I should use more stop sells. I bought ADBE at 443, sold less than 4 months later at 588, watched it run up to 700. While it's come back down to earth a bit I wont touch it until it gets below 500. My CRM buy in is 207.
     
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  18. soulfly

    soulfly Well-Known Member
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    I shy away from O&G stuff. All of my ETF holdings are of the ESG variety, because I’m basically saving the world by myself.
     
  19. burnttatertot

    burnttatertot may contain traces of nuts
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    At least Tencent promised not to unload anymore for 6 months.
     
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  20. burnttatertot

    burnttatertot may contain traces of nuts
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    I'll trade in and out of O&G but I fancy myself as too good for tobacco companies. :smug:
     
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  21. The Milkman

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

    Burntatertot is a principled gentleman. I respect that
     
  22. The Milkman

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

    Cathie Wood stocks got murdered today. It’s time for industrials to shine
     
    NothingIsOT likes this.
  23. mal630

    mal630 Well-Known Member
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    My mom gifted me 14k this year. What would you guys throw it in? Was thinking SPY but worried that we might be at a high point.
     
  24. soulfly

    soulfly Well-Known Member
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    Uhhh yeah don’t throw it all into one thing.
     
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  25. burnttatertot

    burnttatertot may contain traces of nuts
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    Or if you do at least take a look at VOO over SPY, less fees.
     
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  26. The Blackfish

    The Blackfish The Fish in Black
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  27. The Blackfish

    The Blackfish The Fish in Black
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    SPY isn’t throwing it into one thing.
     
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  28. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
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    Got into a debate with a friend and I'm still not sure who is right. I've read Bogleheads and obviously high interest rate loans should be paid off early. But what about low interest rate loans v putting your money into high yield funds. Do you pay off a $30,000 3% loan or put that $30,000 into a high yield fund that earns 10-20%?? I don't mind having 3-4% loans out there (cars, HELOC etc) when I'm getting 19.7% from VTSAX. In fact it makes no sense to me to use that money to pay off the loan.
     
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  29. The Blackfish

    The Blackfish The Fish in Black
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    Yes that would be the thought. There’s some personal preference that comes into play i.e. whatever helps you sleep at night but in general the financial savvy move is to carry the low interest debt in favor of historically reliable gains.

    Your friend probably should stop listening to Dave Ramsey
     
  30. The Milkman

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

  31. The Blackfish

    The Blackfish The Fish in Black
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    Stuck out in my memory because I have a guy at work that was constantly pushing ARKK around the same time.
     
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  32. The Milkman

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

    It was a fun run, should have sold when I was up 45% but didn’t get out until later up around 8%.

    I’m with you on index, 80% of my stuff is vanguard large cap etfs. This section of my portfolio outshined my self managed in 2021.
     
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  33. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Your friend is an idiot and probably doesn’t believe in credit cards either. Dave Ramsey claims another victim.
     
  34. The Blackfish

    The Blackfish The Fish in Black
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    I enjoy reading this thread and following everyone’s wins and losses. I get a lot of FOMO. Not trying to rub your nose in anything just having fun.
     
  35. NothingIsOT

    NothingIsOT Prom pic
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    Yikes. This is terrible advice.
     
  36. billdozer

    billdozer Well-Known Member
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    To tack on to other responses, I think it's fine to keep 3-4% loans, especially with inflation rising a bit. Keep in mind that the stock market probably won't be returning 20% every year and will probably have a pullback or be flat at some point in the future. It all depends on how you feel about having debt.
     
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  37. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Generally this argument is irt having a mortgage vs paying it off asap. In that case, yeah, invest instead of paying down a low rate mortgage that you can write off interest and your home is likely appreciating in value against inflation/interest payments.

    I would say it’s not as obvious/cut and dry as pay off my 3% mortgage vs getting 10-20% returns… long term it’s more likely going to be pay off the 3% mortgage vs getting 6-7% avg returns. Still a smart move. If rates ever approach or even flip avg yearly returns of the stock market itd likely be better to pay off the mortgage asap.

    That said I can’t really think off the top of my head of any other long term low rate debt on an appreciating asset that you can write off on taxes - so I’m not sure you should lump in other debts to this strategy - like a car payment bc you’re usually (not now) losing equity to interest/depreciation. Right now is a once in a lifetime event wrt to car prices/positive equity.
     
    #26387 Chumbolone, Jan 5, 2022
    Last edited: Jan 5, 2022
  38. Arliden

    Arliden Well-Known Member

  39. gordon bombay

    gordon bombay magician's alliance enthusiast
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    I have held SE for a few years now, still love the company. My current feeling is that we still have a bit lower to go, none of the mega caps have taken a hit at all. I still think that needs to happen for the Fed to reverse course at which point it will be full steam ahead.
     
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  40. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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  41. dukebuckeye

    dukebuckeye P.G.I.T
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    lol perfect
     
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  42. Sportfan

    Sportfan From Six to Dumptime

    Hey hey first -$20k day of my life…I think.
     
  43. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    good day to get my backdoor roths done
     
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  44. burnttatertot

    burnttatertot may contain traces of nuts
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    12% cash starting to feel like not enough
     
  45. jcb-r

    jcb-r Back and better than ever
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    Sold a bunch of losers before year-end for tax loss harvesting and am extremely happy right now.
     
  46. The Hebrew Husker

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    Down 30% on Rivian after being +40% or something wild after a couple days LOL
     
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  47. Baseballman86

    Baseballman86 Well-Known Member
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    I'm in blissful ignorance mode currently. If I don't look, nothing really drops
     
    dukebuckeye, fish, shawnoc and 2 others like this.
  48. burnttatertot

    burnttatertot may contain traces of nuts
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    A bunch? You couldn't have that many last year with how much the market ran.
     
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  49. The Milkman

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

    Welcome to the club!
     
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  50. jcb-r

    jcb-r Back and better than ever
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    Bunch probably wasn't the right word, about 4 or so Cathie Wood-esque tech plays that I tried to chase like an idiot. Live and learn. Freed up some cash for now though.
     
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