Official Investing Thread

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

  1. Ty Webb

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

    FINRA fucked us is my basic understanding
     
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  2. Sam Elliott

    Sam Elliott Job title: Assistant Bouncer at the Double Deuce
    Florida State SeminolesChicago BullsGreen Bay PackersTampa Bay LightningManchester United

    One of my favorite days of the year yesterday: my company's quarterly equity award transfers and semi-annual employee stock program buy at discount rates.

     
    #29152 Sam Elliott, Dec 13, 2022
    Last edited: Dec 13, 2022
  3. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    My understanding from internal industry talk is that they were reeeally struggling to stay afloat, and the PE Firm they were originally with had been trying to buy it back. I guess they finally found the $
     
  4. Sportfan

    Sportfan From Six to Dumptime

    LFG CPI today should be good, and tomorrow will hawk us down to reality tomorrow.
     
  5. C A N E

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

    Might rip today
     
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  6. 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

    Selling something for $14 and then buying it back for $8 can help you find a lot of money.
    ($6 every time you run that scam.)
     
    Baseballman86 likes this.
  7. Sportfan

    Sportfan From Six to Dumptime

    Welp gotta say I did not see the possibility of the Dow turning red before lunch coming.
     
  8. pennstate2012

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

    Must be a lot of people taking profits or shorting the rally before Powell’s presser tomorrow. A lot of market moving news in a few day period.
     
  9. brolift

    brolift Nuggets get 0 respect
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    7.1% is still a bigly number.
    People forget that.
     
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  10. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
    Staff Donor TMB OG
    Kansas JayhawksKansas City RoyalsKansas City ChiefsNewcastle UnitedBig 8 ConferenceFormula 1

    Yea. Not being able to move them, despite the price drop, before it went private is so dumb.
     
  11. Ty Webb

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

    Makes me think the short squeeze theory was correct and the shorts got bailed out big time
     
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  12. NothingIsOT

    NothingIsOT Prom pic
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    Clipped a nice 25% gain on my OOM CC by selling in the morning and checking it out now.
     
    The Milkman likes this.
  13. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  14. Sportfan

    Sportfan From Six to Dumptime

    Way under expectations with only the stickiest of things remaining. Idk seems like this was a really good report relatively speaking and there was no buying energy once the market opened. I guess just more relief and profit taking than anything.

    Another data point that proves to me trying to play anything short term is dumb.
     
    brolift and Tug like this.
  15. pennstate2012

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

    Last 5 months it’s only up 1%. A lot of bad numbers falling off the next few months.
     
  16. Sportfan

    Sportfan From Six to Dumptime

    I’ve set my expectations at Mr. Powell torching $25k of my money on fire here soon. Anything less I’ll be fine with.
     
  17. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Jerome Powell can suck my dick

    sounds like they’re not done raising rates. Will not stop until millions lose their jobs and everyone in debt up to their eyeballs but luckily milk and eggs won’t be 25 cents more expensive

    fucking idiots
     
  18. Sportfan

    Sportfan From Six to Dumptime

    Not being done could simply mean one final 25 basis point hike. Idk the markets still just spook too easy.
     
    Lyrtch and Gallant Chad Morris like this.
  19. Bo Pelinis

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

  20. brolift

    brolift Nuggets get 0 respect
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    they gonna force private markets to mark down?
     
    Tug likes this.
  21. Sportfan

    Sportfan From Six to Dumptime

    He didn't even cost me half that! Time to celebrate.
     
  22. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    lee-corso-not-so-fast.jpg
     
    Hatfield, BP, WC and 6 others like this.
  23. Sportfan

    Sportfan From Six to Dumptime

    Idk why he feels he needs to tank the markets but it’s a pattern now. Almost wish the next CPI is bad so he doesn’t have to get up there and be a Debbie downer.
     
  24. Arliden

    Arliden Well-Known Member
    Donor

    Increases in financial assets give people discretionary income to go buy things > driving up prices of goods > countering his rate hike raises/battle against inflation.

    But really he hasn’t said anything new, markets just keep shrugging it off thinking they’ll pivot, and then they say they aren’t and we do this circle all over again.

    Nothing will change till the labor market weakens to a point and then we will get a stand off over their dual mandate.
     
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  25. Arliden

    Arliden Well-Known Member
    Donor

    Depends who you are, if you are a boomer on a fixed income you want this. Sucks for everyone else.

    This is why labeling it transitory and being wrong was dangerous, you could’ve hiked a lot sooner and smaller increments to cool things down quicker. Now we’ve crammed in 400bps of hikes in like 9 months and we will see what consequences that will have in 2023.
     
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  26. Bo Pelinis

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

    It's really super cool that we have a central bank trying to cause unemployment and depress wage growth on purpose.
     
  27. brolift

    brolift Nuggets get 0 respect
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    its the only and best way to organize a society fr
     
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  28. Arliden

    Arliden Well-Known Member
    Donor

    It’s been exactly a month and this moved +10%, which is a pretty big move for treasuries. Figure it’s probably time to close with a win.

    Right now just feels like a good time to sit on my hands and just watch.
     
  29. Arliden

    Arliden Well-Known Member
    Donor

    Well inflation is one of their two mandates by congress so unsurprising that they are doing what they believe is right to fix the one that is far from their stated target.

    Their error was labeling it transitory in the first place.
     
  30. Bo Pelinis

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

    None of what you said is responsive to what I said
     
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  31. Arliden

    Arliden Well-Known Member
    Donor

    Fair.
     
  32. Arliden

    Arliden Well-Known Member
    Donor

    I guess it’s more context of why they are doing what they are.
     
  33. C A N E

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

    Luckily I’m DCAing this week
     
  34. Arliden

    Arliden Well-Known Member
    Donor

    Hey, thanks for this by the way. This wasn’t something I had thought of before you mentioned it in here. Gives me something to do with sidelined cash.
     
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  35. Bo Pelinis

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

    No I understand why they're doing it but the reason they're doing it is because we've had the largest wage growth by the lowest wage earning Americans in decades in the last 2 years. There's been a major shift in balance of power from capital to labor in the last 2 years and this is meant to severely limit it because we can't be having too many poors with too much buying power. Things will get too expensive!
     
  36. Bo Pelinis

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

    Nevermind that (iic) the poors are better off even after inflation adjusted wages in the last 2 years.
     
  37. Tug

    Tug Well-Known Member
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    Detroit LionsDetroit PistonsMichigan State Spartans

    Isn’t it more about people having more choice in work? It’s also directly related to the overly stringent immigration policy. Feels like we should increase both immigration quotas and tax on high earners rather than this approach
     
  38. Arliden

    Arliden Well-Known Member
    Donor

    Yes, they are fearful of a wage price spiral but wages have not been the primary driver of inflation and therefore really not why the Fed is raising rates.

    I agree with you that labor has wrestled some power away the last 2 years and thats good! I just disagree with the tint you seem to view this topic, that the government is trying to keep the man down so to speak.

    For average americans this hasn't been the case and for the bottom 20% as far as I could find 2021 did not offer any relief, I didn't see anything on 2022 but I can't imagine it got much better.
     
  39. Arliden

    Arliden Well-Known Member
    Donor

    It’s more a lot of Boomers retired post COVID and the labor force participation rate has dropped significantly and suddenly. Add in increased demand from discretionary income/stimulus and now current participants in the work force have a lot more choice in where and how they work. Which is good, and we should increase immigration to continue growing in this country.
     
  40. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    real wage growth for the bottom 50% are positive last I saw as people shared charts post CPI. upper tier is who has gotten hit the hardest, which is great.

    income inequality has shrunk more in the last two years than basically ever in history
     
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  41. Arliden

    Arliden Well-Known Member
    Donor

    0431CDD6-465D-4D32-8718-9CF5162B6D9B.png

    This is the best I could find but only got positive after the last CPI report. High earners definitely underperformed which is good but all lost vs inflation.
     
  42. Arliden

    Arliden Well-Known Member
    Donor

    I’d imagine going forward for a bit workers will gain back some of that purchasing power vs inflation given current trends, but that remains to be seen.
     
  43. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    would like to see that trend continue instead of the reverse versions of real wage growth we've seen over the last 40yrs
     
    Arliden likes this.
  44. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  45. Arliden

    Arliden Well-Known Member
    Donor

    77D438A9-C08F-4FD9-8D10-0996EDDB9159.png

    It would be nice to widen that back out. (With the bottom 90 on top.)
     
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  46. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    By the end of this week I should get to do the most fun personal budgeting activity there is; rewriting the budget following a large pay increase.

    question, is the following still the proper order of operations for retirement?
    1. Get full match from employer 401k
    2. Max IRA
    3. Max 401K
    4. Max HSA
    Does step 2 change at all if you're over Roth limits?
     
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  47. Alshon

    Alshon Well-Known Member
    Donor
    South Carolina Gamecocks

    1, 4, 2, 3. Get that HSA deduction + can be used like a traditional IRA once eligible if not using funds for medical expenses.
     
  48. TDintheCorner

    Donor
    Georgia BulldogsAtlanta BravesAvengersUnited States Men's National Soccer Team

    What's the strategy behind maxing out your IRA over 401k especially if it's not a Roth? Asking for a friend.
     
    Baseballman86 likes this.
  49. C A N E

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

    Can’t say there is one, other than maybe fund selection. Saving on FICA taxes probably negates that though.
     
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