Official Investing Thread

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

  1. Bert Handsome

    Bert Handsome I'm sorry I'm late, I didn't want to come
    Donor TMB OG
    Notre Dame Fighting IrishMilwaukee Brewers altMilwaukee BucksGreen Bay PackersTiger Woods

  2. Whammy

    Whammy Donde es
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

    Certifiably nuts but....

    [​IMG]
     
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  3. Goose

    Goose Hi
    Donor
    Ohio State BuckeyesCincinnati BearcatsCincinnati RedsCincinnati BengalsReal MadridXavier MusketeersDayton FlyersFC CincinnatiPGA

    I am not a fan of my portfolio over the past week
     
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  4. rcragg82

    rcragg82 Well-Known Member
    Donor

    Tax amendment / RSU / Cost Basis question -

    I had to log into my 2021 tax return yesterday. I noticed at that time I didn't have a cost basis for most of the RSUs I sold in 2020. Any guidance on the best way to amend my return? I did your standard HR Block electronic filing. I'm hoping I can go in there, put in the cost basis for each allotment of shares I sold which would bring down my taxable income and I'd get some money back.

    Is that possible?

    For background my companies stock 4-5x in 2020-21 so I did sell a lot of shares on the ride up and didn't question the capital gains tax when filing. I later learned that HR Block's sync with e-trade doesn't allow input what price the RSUs vested at so I was basically paying taxes if they vested at $0.

    I probably have the same but smaller situation for my 2022 return.
     
  5. user15000

    user15000 Well-Known Member

    Checking in on the certifiably nuts team with 100% of my 401k in MSTR.

     
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  6. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    I enjoy the bi annual crypto victory lap
     
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  7. jcb-r

    jcb-r Well-Known Member
    Donor
    Rutgers Scarlet KnightsNew York MetsBrooklyn NetsTennessee TitansNew Jersey Devils

    I would start selling covered calls at this point.
     
  8. user15000

    user15000 Well-Known Member

    More like a daily victory lap for anyone who understands basic math.
     
  9. Whammy

    Whammy Donde es
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

    I did see that MSTR has outperformed COIN quite a bit YTD

    Riding it out until $350 or so then will start scaling out…crypto starting it’s second leg through of the year me thinks
     
  10. user15000

    user15000 Well-Known Member

    I’d guess it has outperformed since Coinbase went public too but don’t have the data offhand. I just own it as a leveraged play on btc in a tax free account. Obviously could just buy the etf instead. Personally I think not owning btc in a 401k for at least a nominal amount is nuts considering the 10x+ upside.
     
  11. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Kamala bump today
     
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  12. Oranjello

    Oranjello Well-Known Member
    Donor
    Green Bay PackersNew Orleans SaintsGrateful DeadMississippi Rebels

    Talk to a CPA.

    I think you're asking about obtaining a refund for calendar year 2020 taxes (so the return was filed in April 2021). Typically, you have 3 years from the date the return was originally due to amend the return to obtain a refund, but there are exceptions that can lengthen period in which you can obtain a refund
     
  13. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Are most in here still riding some kind of S&P fund?

    I’m 35, so probably won’t retire for another 30 years, just wondering if I should start being a little more cautious with who knows what happening after the election. Maybe it doesn’t matter this far out from retiring.
     
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  14. The Blackfish

    The Blackfish The Fish in Black
    Staff Donor TMB OG
    Alabama Crimson TideIndianapolis ColtsBook Club

    Stock market is historically minimally affected by president changes. If its for retirement just keep riding.
     
  15. teel

    teel Schiano Man
    Donor
    Rutgers Scarlet KnightsNew York MetsNew York GiantsNew Jersey DevilsNational League

    Look at the S&P like Nathan MacKinnon. Sometimes there will be pointless games and cold streaks but you're still gonna see 100 points at the end of the year. Maybe one year he gets hurt and the team struggles but long term you know you're gonna be ok with the puck on his stick.
     
  16. TDintheCorner

    Donor
    Georgia BulldogsAtlanta BravesAvengersUnited States Men's National Soccer Team

    My 401k and HSA are 100% S&P (employer doesn't offer a total stock index). I've shifted all of my other accounts to a total stock index (SWTSX). I wouldn't worry about the election impacting the market significantly.
     
  17. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    total stock index fund + some international exposure 10-30%

    then ignore it for 30 years

    profit
     
  18. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    VT a little too international heavy for my preference but is the easiest just dump it all in one bucket fund
     
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  19. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I've split the difference at 20%
     
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  20. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    I haven't rebalanced in a while but I imagine i'm about there as well

    I think the arguments both directions have merit
     
  21. Bar None

    Bar None Maintaining Integrity

    I’m 100% S&P in my Roth. Bought some more SPY today at 545, now at ~ 540, but I’m not going to lose sleep over it. Will probably rebalance to add ~15-20% international exposure soon.
     
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  22. Det. Frank Bullitt

    Det. Frank Bullitt God Bless Texas
    Donor TMB OG
    Texas LonghornsManchester United


    Depends on what the underlying Intl fund is but 30% is rather high, particularly so if you are talking long term.
     
  23. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    leroi likes this.
  24. Lip

    Lip Unemployed in Greenland
    Donor
    Michigan State SpartansDetroit LionsDetroit Red WingsGeorge Washington ColonialsDetroit Tigers

    when do I win the lottery
     
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  25. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    When you’re 70 and can stop working unlike working until you drop dead like many in our generation will be facing.
     
  26. Lip

    Lip Unemployed in Greenland
    Donor
    Michigan State SpartansDetroit LionsDetroit Red WingsGeorge Washington ColonialsDetroit Tigers

    IMG_1837.gif
     
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  27. FelipeG

    FelipeG Well-Known Member

    I enjoy playing around picking individual stocks with small amounts of money but I would recommend to anyone that it's better to stick with low expense S&P index etfs or mutual funds, if they only have them in their employer accounts.
     
    #31527 FelipeG, Jul 24, 2024
    Last edited: Jul 24, 2024
    leroi likes this.
  28. Walter Melon

    Walter Melon I watch you sleep.
    Donor
    Chicago White SoxChicago BearsChicago BlackhawksKansas State WildcatsMontreal Impact

  29. Lip

    Lip Unemployed in Greenland
    Donor
    Michigan State SpartansDetroit LionsDetroit Red WingsGeorge Washington ColonialsDetroit Tigers

    should he have not done that?
     
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  30. leroi

    leroi -
    Donor
    South Carolina GamecocksGrateful Dead

    ~50-80% or so goes into buying US index funds like VTI or S&P 500, is where most of the money goes and is the easy part

    where things get complicated is the remainder that i use to diversify into bonds and international stocks, where i'm less convinced that indexing is optimal, and i'm more willing to deviate from it.
     
    #31530 leroi, Jul 27, 2024
    Last edited: Jul 27, 2024
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  31. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    I want tag anyone who has ever talked about Cathie being good

     
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  32. —

    Well-Known Member
    Donor

    But Arkageddon was fun times i tell you
     
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  33. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    I remember during the initial ark run going to my account and creating the buy order for like 10k

    Then remembering who was talking her up and deleting it
     
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  34. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    If they don't cut tomorrow they risk ruining like three years of threading an insane needle
     
  35. —

    Well-Known Member
    Donor

    The BFF talked to a wealth manager who specializes in working with people in her field. He basically said what I did. Now to decide if she should actually use his service or just do it on her own.

    IMO its easy enough these days to auto add to various accounts, only like 5% of the money at most will be into vehicles that need any type of active management. I think she (me) should just manage it.
     
    Bar None likes this.
  36. Paddy Murphy

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

    Curious why you think tomorrow is worth three years of risk when obviously they can just do it next month? I know you have an answer, just seems like a dramatic statement?
     
  37. pennstate2012

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

    Should they cut tomorrow? Yes. Will they cut tomorrow? No. Powell is terrified of being Arthur Burns.
     
  38. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    Just so so so much data showing a slowing and knowing cuts have lag time they might miss their window to blunt the impact
     
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  39. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    If they do a half point cut in September that will probably be ok but being ahead of the curve is important in this scenario
     
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  40. FelipeG

    FelipeG Well-Known Member

    Anyone buying on these recent pull backs or waiting on bigger drops?
     
  41. Chumbolone

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

    Time in the market > timing the market.

    Just stick it in.
     
  42. Ralph

    Ralph Well-Known Member
    Donor

    Almost all my accounts are fully in index funds, but I had enough play money to take some NVDA after hours yesterday. That worked out so well I'll be liquidating everything and going with my new individual stock/market timing strategy lololjk
     
  43. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Jumped into CMG after the split
     
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  44. Sportfan

    Sportfan From Six to Dumptime
    Donor
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    Let’s see how Powell manages to tank this rally.
     
  45. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    if he signals September rate cute it'll hold imo
     
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  46. Sportfan

    Sportfan From Six to Dumptime
    Donor
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    Had a ton of treasuries mature and just dumped it all in VGT.
     
  47. Arliden

    Arliden Well-Known Member
    Donor

    They are for sure going to cut the inflation data has made it clear the risks are to the jobs market now. Still think the economy and jobs are just fine though, we will see what tomorrows NFP says but I think a lot of the influx of immigration has made things like the unemployment rate % noisy. That mixed with the election seems like we will just be pretty choppy for a while.
     
    Lyrtch likes this.
  48. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    bought a bunch more VTI today
     
  49. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsFlorida PanthersFlorida Atlantic OwlsMiami HeatPoker

    Lyrtch likes this.
  50. jcb-r

    jcb-r Well-Known Member
    Donor
    Rutgers Scarlet KnightsNew York MetsBrooklyn NetsTennessee TitansNew Jersey Devils

    Same. And by a bunch, I mean 5 shares.
     
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