Schwab Roth IRA was funded with the $6k, now I need to decide if i want to manage my own account or have an intelligent portfolio since i dont really know shit about investing
I think most will recommend not to pay fees for your portfolio management, just find a total stock market fund to make regular contributions to and you'll come out on the right side of things
I sold at the money covered calls expiring late december for my potential tax harvesting equities today near close. Win/win
from what i can tell Schwab has an "intelligent portfolio" that didn't have any fees. gonna check it out and see what it says
Idk it’s still kinda sick to me that had today’s labor report been “awful” the equity markets would have spiked.
It’s all about how institutional investors view this data effecting the fed and their rate decisions. Strong labor market may incline the fed to continue raising rates. I saw an interesting chart that most of the equity market declines in recessionary periods happen when the fed begins to cut rates.
if the end goal is to get prices down to pre inflation levels, we all know that’s not going to happen. Inflation seems to have peaked. Let the higher wages combat it and keep rates level for a while.
Jobs report kicked ass. Economy grew by 2.9% in the third quarter. Last CPI report was nice. Gas prices are back down under $3.00 in a lot of places. WHAT ARE WE EVEN DOING HERE
Yea this is what I’m saying. Seems like if you were hoping for a soft landing you have reason to be optimistic.
As long as they don’t go back to hiking like crazy I agree. They should pause and let the ripples go out and see where we are in 3-6 months.
For some weird reason the Sam’s by my house has gas 40 cents cheaper than anywhere else nearby. Constant lines. $2.71 this morning
Not an expert, but wholesale clubs always seems to discount gas. Add to the fact wholesale gas is down 15% in a month with that demand, and it makes sense.
I had an intelligent portfolio brokerage account for about 18 months. It wasn’t bad- there were a few benefits. However, the portfolio parked a portion of my account in cash. Even though I selected the most aggressive strategy. Not ideal. In my elementary Roth IRA investment recommendation, a mix of SCHD, QQQm, and a S&P500 etf is a relatively ideal strategy.
Almost all retail gas stations have doubled or tripled their margins taking advantage of the increased inflation/ blame Biden narrative. I have a fueling service for the fleet of vehicles my company runs and our diesel price is about 18-20% under retail right now when it is typically 5-7% cheaper because they haven’t increased their margins.plenty of room for stations to make price plays like that.
I remember a review of them I read early this year and that was the biggest con of all of the different plans: They keep more money that necessary in cash accounts for obvious reasons, even on aggressive strategies. I hate carrying cash that I want to invest so I decided to skip those type of robo accounts.
Yeah I enjoyed it for the automatic deposit, reallocation and a little more diversity than I typically would have. When I canceled and they asked why, I told them due to the cash. The girl was like we’ve heard that before.
So VMFXX (Vanguard Federal Money Market) is yielding roughly 3.25%, I keep alot of cash there as a settlement fund for brokerage and the yield has been nice. Thinking about moving more cash there, but it's not covered by SIPC or FDIC. How do you guys look at money markets? Most of the fund is US treasuries or securities collateralized by US govt obligations so feels like it would take a nuclear war to depeg from $1 but the insurance thing has me thinking twice, probably irrationally so. Any special insight from the thread or have I pretty much summarized the pros / cons?
The only time I'm aware that the money market dropped under $1 was when Bear Stearns/AIG/Lehman collapsed and it looked like GE (iirc) was going under. That's as much why the govt bailed out the banks as anything. Money market funds losing money was a worst case scenario for so many people in the country. Thinking it would need to be that level of event and someone in charge that refuses to do anything to fix it.
I forgot this but the treasury gave temporary FDIC insurance to money market accounts in 2008. https://www.nytimes.com/2008/09/20/business/20moneys.html
Nice I didn't remember that...seems like backing by USG is fairly implicit even if not a formal obligation, thanks for sharing.
FT reported that 70% of the withdrawal requests came from Asian investors potentially looking for liquidity to meet obligations arising due to the CRE market collapsing in China. Thread overlooks something of that nature, so, if true, may not be as much of a harbinger as implied in the thread. https://www.ft.com/content/e1ddc6f0-eb0a-4d52-8971-b1d9c2cb5c02
RYPQX. Not fun to work at TD Ameritrade around that time. https://www.wsj.com/articles/SB10001424052748703440004575548362968809580
Who wants to guess tomorrows CPI result? Too many things aligned last month in my mind, thinking we disappoint and then have a good one again in January.
https://abcnews.go.com/Business/wir...XTc9WUmB-QtEq_aLG3p7wKBxpfnHKYwEPGa0yjMSOHslk If anybody out there is tracking the Traeger play, Weber is going back private. Wouldn't be shocking for Traeger to do something similar
Going public at $14/share and then being taken private at $8/share approximately 15 months later has to be some kind of record. Also… maybe securities violation?