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

  2. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Real cool system we have here

     
    Sportfan likes this.
  3. Arliden

    Arliden Well-Known Member
    Donor

    How did he only manage a 5% return on that
     
  4. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    This is shockingly common

     
  5. Sportfan

    Sportfan From Six to Dumptime

    Oh baby the labor market could give a fuck about what Powell is doing.
     
  6. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    They shouldn't be allowed to trade at all while holding a position. They'd find ways around it sure, but at least make it tougher.

    you want to hold office or be in a position where you have inside access to market affecting information? Fine, park everything in broad market index funds for the full duration of your term. Make a single trade and you're out.

    the current system makes high level politics a path to generational wealth, which is ridiculous.
     
    Anison, Stagger Lee, g8r and 10 others like this.
  7. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    Am I wrong to say stop trying to fight inflation at this point? Wages have risen to help offset it. People are consuming.
     
    Sportfan likes this.
  8. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    I'd be ok with them owning individual securities but no trading.
     
  9. beist

    beist Hyperbolist
    Donor

    Nah, fuck that. Everyone who works at a big 4 accounting firm has more restrictions than that. Everything they own should go in a blind trust, no exceptions.
     
    Anison, aisle seven, Tug and 4 others like this.
  10. NothingIsOT

    NothingIsOT Prom pic
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    Yeah- they used to have access to my brokerage account. I remember I tried buying a random security I never would've known the K did work for, and got my trades blocked.
     
  11. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Or at least make all their trades public at the time, so we can all make some sweet profit.
     
  12. Whammy

    Whammy FAHR GOLDING
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

    Argument is it eats into savers pretty badly at levels this high - hurts the olds. And not the evil billionaire boomers who can weather it, the guy who has a pension from working at Ford for 40 years is who gets hurt disproportionately. If we as a society decide we are going to tolerate higher inflation, we're going to need to expand the welfare state pretty dramatically so those guys don't end up on the street.
     
    NothingIsOT likes this.
  13. beist

    beist Hyperbolist
    Donor

    Yep. I was at EY for 10 years, it got ridiculously strict. All of my accounts had to be enrolled in an automatic data feed. I got audited and they dinged me for not disclosing that I had a “loan” and insurance plan for my iPhone.
     
  14. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    Most pensions and obviously SS are inflation adjusted. Maybe we should stop using the bullshit current CPI calculation to not hurt them as badly.
     
    Whammy and Tug like this.
  15. pennstate2012

    pennstate2012 Well-Known Whore
    Donor
    Pittsburgh SteelersPenn State Nittany LionsPittsburgh Penguins

    Optics wise, the Fed can’t appear slow on inflation because it’s their core mandate along with employment. What you can argue is the Fed has already lowered inflation expectations and you can see that in the real time data.

    However, the Fed is using lagging data (based on their speeches and rhetoric) to come out as hawkish. We are probably in the 7th inning of the rate hikes (if you believe like I do that the terminal rate is 4.5). The question than becomes how badly do the past rate hikes, which have a lag effect, hurt an already bad outlook (decrease spending and increasing inventories). That will determine the degree of the recession we face on the other side of this.
     
    Stagger Lee likes this.
  16. pennstate2012

    pennstate2012 Well-Known Whore
    Donor
    Pittsburgh SteelersPenn State Nittany LionsPittsburgh Penguins

    At least in my experience, very few pensions have inflation adjustments. SS yes, but not employer pensions.
     
    Ty Webb and C A N E like this.
  17. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    Ah you’re right. I did a quick Google search for it and only most government pensions are.
     
  18. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    OK fair enough. They should at least meet that standard.
     
    beist likes this.
  19. Arliden

    Arliden Well-Known Member
    Donor

    The fear is a repeat of the 70’s, Powell does not want to be viewed as Arthur Burns. Burns was a Fed president largely credited with letting inflation get out of control in the 70’s, he relented too early on raising rates is the widespread belief.

    So far you’ve just seen equity, housing, and bond markets correct from bubble esk levels, the Fed views everything that has happened thus far as relatively good.
     
  20. Arliden

    Arliden Well-Known Member
    Donor

    Id be surprised if that was the bottom without a Fed pivot, you have yet to see any meaningful change on the earnings side of things

    We also have not seen much of the data post Jackson hole when the markets realized Powell was serious. Since then 30 yr mortgages have gone from around 5% to kissing 7%.
     
  21. Arliden

    Arliden Well-Known Member
    Donor

    As well as lower income individuals on a fixed budget.
     
  22. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Calling bottoms and not one mention of liquidity lol
     
    Whammy likes this.
  23. ScFan27

    ScFan27 Well-Known Member

    So I should reload SPY puts?!?!?
     
    Sportfan likes this.
  24. fish

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

    I deployed some cash on SPY this morning. Now I just need to convince myself to forget about it.
     
  25. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    Wish I could load up my 2023 Roth
     
    The Blackfish likes this.
  26. Sportfan

    Sportfan From Six to Dumptime

    I wouldn’t worry about the markets being much better anytime soon.
     
  27. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    Eh, you never really know. Most of a bear market recovery happens in the first 30 days.

    my tax advantaged accounts are maxed. Using this to dca in my taxable brokerage. Just in case I owe federal income tax in 2023, I can max a traditional Ira under the wife’s name since she doesn’t have an employer plan. If not, I max out my Roth to start the year. Sitting on quite a bit of cash… feel fortunate to be in a good spot after a larger than expected bonus.
     
    Ty Webb likes this.
  28. jcb-r

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

    Ah, the restricted entity database. Another one of the many beautiful things to love about public accounting.

    I remember when they set up my firm's automatic feed. At first, they were only able to use the feed for certain brokers and they mandated that everyone move their investments to one of those brokers. Didn't impact me because TD was one of the options, but it caused quite a stir and a lot of bitching.
     
    beist likes this.
  29. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  30. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  31. bro

    bro Hey Hermano
    Donor
    Tennessee VolunteersLos Angeles DodgersBuffalo BillsBuffalo Sabres

  32. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Take it to the Fuck Around and Find Out thread
     
    NC Wolfpack likes this.
  33. bro

    bro Hey Hermano
    Donor
    Tennessee VolunteersLos Angeles DodgersBuffalo BillsBuffalo Sabres

    no u
     
    billdozer likes this.
  34. bro

    bro Hey Hermano
    Donor
    Tennessee VolunteersLos Angeles DodgersBuffalo BillsBuffalo Sabres

    Hatfield likes this.
  35. Bo Pelinis

    Bo Pelinis I've seen shit that'll turn you white!
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    NO WAY
     
    Ty Webb likes this.
  36. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersUnited States Men's National Soccer TeamPhoenix Rising

    I have my doubts it's even worth $10.
     
  37. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    So where are we

    [​IMG]
     
    Ty Webb likes this.
  38. Oranjello

    Oranjello Well-Known Member
    Donor
    Green Bay PackersGrateful DeadMississippi Rebels

    Somewhere between denial and depression
     
    Ty Webb, Stagger Lee and Tug like this.
  39. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    I hope every nft goes to $0
     
    Hurley 864, bcuga, Ty Webb and 4 others like this.
  40. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    Too far gone at this point to capitulate on my trading account. Just going to hold and pray for no margin calls.
     
  41. Bo Pelinis

    Bo Pelinis I've seen shit that'll turn you white!
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Discounts!
     
    burnttatertot likes this.
  42. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    I am 100% into the SP500.

    might start putting a little cheddar into a small cap etf
     
  43. Sportfan

    Sportfan From Six to Dumptime

    I’ve gone from 6% cash to 8%. Not by selling or accumulating just by losing 15% in my brokerage account.
     
    burnttatertot, Tug, BP and 10 others like this.
  44. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    #lifehack
     
  45. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I've been slowly moving bonds into index funds. Trying to decide when to target being done.
     
  46. Paddy Murphy

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

    Right where anxiety turns into denial.
     
    southside and DuffandMuff like this.
  47. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    I’d pay $10 for it just to make that fact official.
     
    brolift likes this.
  48. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    I’ve yet again deployed cash. As I’ve done just about weekly for countless months. Gonna catch that falling knife!
     
  49. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Same. It's been since last November. I better be filthy rich in 5 years or else I'm going to complain that the stock market doesn't work.
     
    Lyrtch, burnttatertot, Tug and 3 others like this.