Official Investing Thread

I still haven't been merged or even gotten an email that it's coming

 

I guess I’m going to attempt this odd lot arbitrage on $JNJ/$KVUE in my, wife’s, kid’s trading accounts this week.

-Buy 99 shares (no more to qualify for odd lot arb) of $JNJ
-Tender $JNJ shares for $KVUE
-Sell $KVUE shares
-Profit ~$1.2k
-Some risk of $KVUE price going low before being able to sell shares.

 

Thoughts on Disney? They are near their 52-week low. Down 55% from 2021 peak. Seems like a buy opportunity, but company overall seems to be kinda a mess/lacking direction.

 

I bought in (DIS) at $86.15 but I'm sure they'll make me regret it.

 

Nope

 

Nm

 

Pass.

 

Lol yeaaa Cramer death knell is enough of a sign for me as well

 

Sold my shares of ACHR yesterday before their earnings today to lock in a solid gain. Naturally they announce a new round of investment and the stock pops another 30% after hours. Guess I shouldn’t complain about making money but another 30% would’ve been nice

 

if your investing into it and not trading it why would you sell it

 

this was in my taxable account so I’m more trading than long term investing and I plan on using some or most of this money in the semi near term so wanted to move into something safer after having a big run. I don’t think the market will be as strong moving forward.

 

Question -- I have some money laying doing nothing. Was wondering if I should put it into SWVXX or should I put it in a high yield account like Wealthfront/Sofi.

Thanks

 

If you plan on needing it these are the play. If it’s money beyond your savings then you could eke out another percent in a CD or treasury bill/bond.

 

SWVXX is where I have my emergency fund.

 

Cervantes has really nailed this year so far.

 

Time to start loading up on it then.

 

Picked up some PYPL this morning for $59 and change. Picked up some other garbage like DG, BMY, DIS, AXP & FIS too.

 

I just found some paper United States Savings Bonds from 1991 and 1992 that matured in 2021 and 2022. They’re in my parents’ names. Google is telling me these can be cashed at any bank. Anyone know if that’s true?

 

Yep, that is correct. Just be aware that your parents will get a 1099 for the interest the bonds made (not sure how many bonds there are). If there’s a lot, you can do some now and some in 2024 to spread out the tax liability.

 

I just did about $5k worth. our bank (mid-size regional) did it for us, but the teller was saying some of the larger ones won’t do it anymore. Some were payable to me. Some to my Dad, with me POD. I actually had to go with him so he could sign the ones in his name over. Took about 30 mins to an hour, so I’d make an appointment or give your bank a heads up.

if you haven’t tracked them, this tool is clutch and gives you totals so know what you should get from bank - https://www.treasurydirect.gov/BC/SBCPrice

 

I did it at a Chase branch a couple years ago, so you shouldn't have any trouble there. Although I only had ~$300 worth.

 

Yeah that website is clutch. These are $1,000 face value but each worth about $2k with interest.

 

will DM my venmo thanks

 

Important day

 

Still regret.

 

NVDA performing like a 2021 shitcoin.

 

Just bought heavy on Traeger following this nice dip. My highest conviction play to date, though still small potatoes compared to most of you.

 

Any of you tried the thing where you open multiple checking accounts just to get the initial $300-500 bonus after some direct depositing? How'd it go?

I tried one a couple years ago and failed. HR couldn't get the direct deposit to work with the bank I chose.

Got another $500 bonus thing in the mail from Regions Bank and considering why not give it another try... it's a bit of work to manage but doing 4-5 of these and getting a nice $2k bonus in a few months would be nice. Yes I know it's taxed.

 

I think they usually have a stipulation on the length of time you need to keep the money in (if it's savings) or keep the direct deposit set up. So just be on the lookout for that. Other than that, I recently did this with Chase and got a nice little bonus

 

Any thoughts on when these interest rates start dropping for HYSA and if it makes sense to try and lock them in with play money in a CD?

 

Marcus just went up again, I don’t foresee them dropping before the spring. Based on that I don’t see a big enough difference in rates to lock in a CD but that’s up to your own personal situation.

 

Works for me. I assume they’ll drop off pretty precipitously once they start so figure a CD would stretch these rates for another 12-18 months.

 

We double topped?

 

Is that like a double tap? Sounds bad.

 

I feel like it has to be better than being double bottomed

 

It was!

 

Oh yes

 

cliff notes on what we see from here in 2023 thanks

 

Think the rising gas prices all but guarantee one final rate hike.

So buy this dip or take advantage of CDs nearing 6% but definitely don’t have cash sitting on the sidelines.

 

The volatility (either way) is crazy