Official Investing Thread

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

  1. theregionsitter

    theregionsitter Well-Known Member
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  2. dukebuckeye

    dukebuckeye P.G.I.T
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    Good stock and crypto buying day IMO
     
  3. Sportfan

    Sportfan From Six to Dumptime

    Guess I’m just still surprised by the energy in these sell offs. Thought at some point we wouldn’t be seeing these multiple 2.5%+ downward days.
     
    Jimmy Mac likes this.
  4. LeonardWashington

    LeonardWashington Leader of Tuanon
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    can you more fully explain your feelings about DCA?

    not comparing DCA vs. lump sum, but as a monthly investing strategy with a portion of your funds allocated to investing.
     
  5. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    DCA means you're holding some funds back that are available to invest to trickle into investments over a period of time

    thats net negative vs just investing them as you get them available
     
    Joystick Izzy likes this.
  6. Arliden

    Arliden Well-Known Member
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    Bond yields moving significantly higher because of reinvigorated tightening expectations off of that CPI print on Friday.
     
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  7. Seavie

    Seavie Loading tweet...
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    Alabama Crimson Tide

    I'm consistently investing a percentage of each paycheck. And I have an emergency fund with my local bank. I also have a larger amount in a high yield online savings account.

    Part of me thinks I should invest the portion in the high yield account. But I'm having trouble deciding how much cash I need on hand.

    All that said, I'm curious how much cash you recommend keeping vs investing. I have the cash available but not sure if it makes sense to keep any beyond my emergency fund.
     
  8. Arliden

    Arliden Well-Known Member
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    At this point I’d guess your high yield is 1%, if you can swing it I’d buy I Bonds with that emergency fund.
     
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  9. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    emergency fund sizes are very much a personal decision and involve your own risk tolerance

    how secure is your job? if you lost it how in demand is your field? what's your monthly budget? got an old house and potential surprise costs you need to hedge against? on and on
     
  10. Seavie

    Seavie Loading tweet...
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    Alabama Crimson Tide

    Yeah it is 1%

    I'm in the mortgage industry, so maybe not great, hah. But I'm a specialized position. Plus I work for a smaller company, with my direct bosses pretty much like family. So I'm not overly concerned about losing the job. I feel like I'd be able to find another fairly quickly, if it came to that.

    I think my emergency fund is capable of covering most of what is needed. I guess more of what I'm asking is there a need to keep additional cash, outside of my emergency fund (whatever I determine that appropriate amount to be for me).

    30% of each pay period goes towards a mix of 401k, HSA, Roth, and taxable brokerage. That seems like a lot, which is why I'm continuing to hold more cash. But it just seems like I really shouldn't.
     
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  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    yeah imo, no reason to just accumulate cash above what you think is a safe emergency fund. i assume you're a long ways from retirement like most of us so just dump it in.
     
  12. Seavie

    Seavie Loading tweet...
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    Will be 40 this year so yeah. Have been thinking about dumping it lately. Just hard to let go of it but I do realize it is stupid to just sit on it.
     
  13. poetictrojan

    poetictrojan Well-Known Member
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    Enough cash to cover 6 months of expenses is the high end of what I would keep in cash. If you don’t have any immediate plans for large ticket purchases that you want to keep a cash payment or down payment for put everything beyond that into the market.
     
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  14. BP

    BP Bout to Regulate.
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    Yeah that seems to be the safer side of things. I’ve read 2-6 months depending of circumstances. I keep most in my HYSA which I can get to within a day or 2. I’m almost 40 with no kids and have never had an emergency which necessitated thousands of dollars with in a day.
     
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  15. poetictrojan

    poetictrojan Well-Known Member
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    I no used to recommend 3-6 months and with no kids and stable employment I would def go on the short side there.
     
  16. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

  17. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  18. dukebuckeye

    dukebuckeye P.G.I.T
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  19. jcb-r

    jcb-r Back and better than ever
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    Take out a once in a century pandemic, and it seems like we're right on course to me.
     
  20. dukebuckeye

    dukebuckeye P.G.I.T
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    Good argument that the pandemic actually caused two bear markets.
     
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  21. Jake Scott

    Jake Scott Well-Known Member
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    Random question: any daily/regular investing pods recommendations?
     
  22. shawnoc

    shawnoc My president is black, my logos are red...
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    There are only 252 trading days in a year?
     
  23. Clemson327

    Clemson327 Well-Known Member
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    Sounds about right. 52 weeks x 5 days is 260. Take out the holidays and you get 252.

    We plan for 250 production days per year in my plant after holidays are taken out when working a 5 day week.
     
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  24. construxboy

    construxboy xenForo is the new TMB
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    This ain't the crypto thread
     
  25. shawnoc

    shawnoc My president is black, my logos are red...
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    I only work 192 days per year so who am I to judge.
     
  26. Louis Holth

    Louis Holth but we also just might be those motherfuckers
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    Grabbed 100 apple and Amazon shares today. Guess I’ll try to sell weekly covered calls this summer.
     
  27. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

     
  28. kinghill

    kinghill Cool American Flavour
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  29. dukebuckeye

    dukebuckeye P.G.I.T
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  30. letan

    letan Just looking for the gator board
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    need that mf’er to come for real estate so I can buy a house
     
  31. Jimmy Mac

    Jimmy Mac I can’t dance but I can throw the pill
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    I’m on the other end, my parents are cutting me a deal on their house which is right towards the upper limit of my budget. I need the most money out of my house I’m selling and rates to stay lower….I’m fucked
     
  32. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    It'll be bad if they do 75bps
     
  33. Arliden

    Arliden Well-Known Member
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    Let’s see if Powell does his best Volcker impression today.
     
  34. Sportfan

    Sportfan From Six to Dumptime

    Idk my yahoo headlines tell me they’re pricing 75bp in already.
     
  35. Arliden

    Arliden Well-Known Member
    Donor

    Biggest test of the Fed yet, they’ve guided .50% and as of 2-3 weeks ago they said .75% wasn’t on the table. Like you said markets priced in .75, will be interesting to see what we get.
     
    Ty Webb likes this.
  36. Arliden

    Arliden Well-Known Member
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    last quarter the Atlanta gdp tracker was off 1.2% to the downside
     
  37. Frankie Carbone

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

    It shifted towards more than likely being a .75 last week some time. Retail sales taking a dump too. I’ll be shocked if it isn’t .75
     
  38. Arliden

    Arliden Well-Known Member
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    it didn’t shift until Mondays report by Timaraos of the WSJ that the Fed was considering .75%, he’s kind of their leak mouth piece when they want to get the market prepped for something. Odds percentages went from 4% pre CPI on Friday to 28% percent after CPI to 94% on Monday after the Timaraos report

    that’s also why markets went down 4%
     
  39. Frankie Carbone

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

    There was plenty to read between the lines as this meeting got closer (“Aggressively addressing inflation” Fed stance). Reports of a possible .75 started to rear its head more and more even before the Friday jump from 4% to 28% by Timaraos.

    Anyone with common sense should be well aware inflation is going to continue being a bitch for some time before the Feds do any “easing”
     
    Arliden likes this.
  40. Arliden

    Arliden Well-Known Member
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  41. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    economy just showing signs of REALLY cooling off so was hoping fed wouldn't get too aggro

    need to read the transcript later
     
  42. Arliden

    Arliden Well-Known Member
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    Weren’t you just telling me 2 days ago the economy was fine?
     
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  43. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    probably in the last 48-72 hours is when reports have come out that we're cresting really hard

     
  44. Frankie Carbone

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

    It ain’t. Recession is coming. Optimistically it shouldn’t be as aggressive as recent ones
     
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  45. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor



    good thread on the knuckleball of decision making we're seeing
     
  46. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    interesting that yields flat so far
     
  47. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    always fun to see how one sentence powell says can spike stocks by 2%
     
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  48. Paddy Murphy

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

    :laugh:

    It was Friday to Wednesday. I know because I’ve been in an airport both times I read this thread.

    To be fair to Lyrtch - and he might not even know this yet - private capital markets sentiment has collapsed this week, so he has a point which he might not even realize. Real estate credit markets are freezing at a serious pace right now. Equity isn’t that far behind.

    PE credit spreads are also blowing out - but lagging behind RE indicators.

    It has not been a pretty week and people are freaked out.
     
  49. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    Fine is transitory
     
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  50. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    investing thread always so prickly when you change your opinion based on new information