OT: Stock and Investment Thread
- Thread starter RU05
- Start date
We have held a lot of cash as well, but eventually used it to buy a vacation home in a great area in 2017. One of the best “life“ decisions we ever made (after getting married and having kids). Money is nice to have, but using it to buy a property that the whole family can use has been priceless.
Agree. Unless you need the money or something has fundamentally changed with the equity, there may be some large tax consequences—not that that should drive the decisions, generally. It’s a multi year and multi dimensional plan that is needed to meet your specific needs. Not bad problems to have, though.
The step up rule is a huge benefit, but I wouldn’t be shocked if they try to amend it. Biden’s tax plan announced last fall included eliminating the stepped up basis rule.
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We will be buying a second home in Stone Harbor when our daughter gets close to HS graduation, or perhaps a year or two earlier. The cash would be handy by then. Looking forward to those days, but no rush for my daughter to grow it. These years are already going to fast! She turned 9 last week. Yikes.
If you know that some of it is eventually going to RU....er I mean charity, look at setting up a charitable gift annuity. You retain an income interest and get an income tax deduction for a portion of the gift (how much varies by age and whether it's a joint or single life annuity).
There will absolutely be a market for such businesses going fwd. Still pre rev. Just went on a huge run recently, but still only looking at a 300 million dollar market cap.
Very similar story to ABML, which is the US version. But ABML's recent run was about double AMYZF, while AMYZF looks to have the better science in place.
Given it's huge recent run, I wonder if it needs more time to catch it's breath(seems the entirety of the green stocks are taking one), but a business like this is worth a small risk in hopes of a big return.
Paying taxes on sales of stocks or bonds means you’ve made money, never a bad thing. Sometimes seeing the profit in your bank account is tastier than a paper profit in an equity holding.
I waited for Jan 4 to trim a bit and now already have $15k in cap gains on the books to deal with. LOL! I would love to get fully out of VIG and trim more of IWF, but I got what really needed to be done.
Well, max your qualified accounts and Roth, then go to taxable/brokerage. Not a bad problem to have.
Wow, so it would have dropped more if she didn’t buy. She probably knew there are a lot of stop orders at 700.
Elimination of the stepped up basis has been suggested for 100 years. I doubt it’ll happen but could see some modifications and limitations. Possibly another factor in favor of Roth conversions as a part of tax diversification.
All maxed out! Our 401k plan hits the upper combined limit of $57k (we put in 6%, company puts in 13.25%, including STI income). Already contributed our annual $12k to our backdoor Roth IRAs. I wish those freaking IRA limits were higher! Total BS, those limits should match 401ks.
But yes, obviously not a bad problem to have.
$200 mil equates to about 260K shares.
TSLA saw 37 million shares bought and sold today.
ARK was a non factor.
I assume it was after the bell? Not sure of the timing of such purchases. Can't pass up these amazing opportunities. Some folks panic, some reap the rewards!
ARK Invest bought a lot today (way more than just TSLA). CW always says that days like this are "gifts". Wise investor!
FYI - couldn't resist. Bought more BTC and ETH this morning, close to the trading day lows!
I could/should have bought RIOT when it touched back at $60. Hoping we see more of a breather so I can get back in around that level.FYI - couldn't resist. Bought more BTC and ETH this morning, close to the trading day lows!
+1
Looking to pull the trigger on more HIVE and Argo. RIOT is the front running for miners with a $4.3B market cap. Good play if it gets to $60'ish. I'm sure when BTC pops again it will push to the upper 70s. Not sure how much further it can go.
Also been watching DMG Blockchain Solutions. Missed out on it being ultra-low but its market cap is still only $384m:
The company doesn't seem as advanced as HIVE or Argo, but still seems legit with good leaders. Might be worth a go. I'm considering, especially if is drops below $3 again.
Damn DMG up 20% on a day when Crypto is down overall. Up about 200% in the last 2 weeks.
Some potential wave riding outside of the overall crypto movement.
Does she actually post on Reddit? Must be great to have sheep following you and drive up the prices after you buy in.
Yeah, something interesting was happening today. DMG was actually up to $4.50 prior to settling back down to the mid $3's. The stock didn't blow up like the other miners for the past 2 weeks and just started to pop a few days ago. They seem to be involved in other things than just mining (which may be a positive). We shall see!
If it drifts back to $3 or below, I take a small position and build from there. Once again, DMG's market cap is very low, even compared to HIVE and Argo.
CW can pump Tesla all she wants. Kramer too. It will continue to correct over the course of the next few months. Tesla started cutting prices was a HUGE warning sign. Premium brands/products in any industry don’t cut prices unless they fear competition.
FYI - couldn't resist. Bought more BTC and ETH this morning, close to the trading day lows!
Did you consult your wife before making these big trades? You are starting to get too caught up in the crypto world. Keep in mind, cryptocurrency sounds great, but they are one set of regulations away from becoming significantly less valuable.
FYI to CW: based on this morning’s futures, she may have bought too early. Not looking good. Down another 8% and 25% off it’s high. And the ARKK fund is down another 6%, or 15% off the recent high. (Just a week ago)
I’ve been doing this a long time although I don’t profess to be an expert. The only thing that may save Tesla from a total massacre is the stimulus money that retail traders may bury in Tesla. They will simply look at the chart and see it was $800 not long ago and assume it’s headed right back there.Your TDS is amusing.
All within approved #'s. There is a recent post that explains how I am phasing in the money and holding some on the side.
Just means more buying today, can't time everything and you need to take advantage of the opportunities.
If another down market, I'm loading up today.
If you follow bitcoin, this drop is not unexpected. This would be the 3rd drop of 20% or more since the halving. 3-4 more are expected before the run is over, which is the end of 2021. Bought more MARA this morning in premarket, may end up selling it before the market opens based on the bounce.
A tangled market web of Tesla-bitcoin-ARK Investment could spell trouble for investors, warns strategist
eanwhile, Tesla “is also the biggest position across all ARK Invest ETFs which added pressure to its biggest fund the ARK Disruptive Innovation Fund ARKK, -5.79% losing 6% yesterday. This is exactly the risk cluster that we have been worrying about and wrote about two weeks ago,” said the strategist.
In the Saxo note that deep-dived into the hugely popular, actively managed fund’s holdings, Garnry highlighted ARK’s concentration in biotech names that he said could be risky if the market decides to reverse. And Tesla shares represents 6.7% of total assets under management across ARK’s five actively managed ETFs, according to the data Saxo crunched two weeks ago.
“What it means is, that a correction in equities for whatever reasons, could be higher interest rates or prolonged COVID-19 lockdowns, could set in motion selloffs across either biotechnology stocks or Tesla shares and cause performance to deteriorate which could start net outflow of AUM and then the feedback loop has started,” said Garnry, at the time.
eanwhile, Tesla “is also the biggest position across all ARK Invest ETFs which added pressure to its biggest fund the ARK Disruptive Innovation Fund ARKK, -5.79% losing 6% yesterday. This is exactly the risk cluster that we have been worrying about and wrote about two weeks ago,” said the strategist.
In the Saxo note that deep-dived into the hugely popular, actively managed fund’s holdings, Garnry highlighted ARK’s concentration in biotech names that he said could be risky if the market decides to reverse. And Tesla shares represents 6.7% of total assets under management across ARK’s five actively managed ETFs, according to the data Saxo crunched two weeks ago.
“What it means is, that a correction in equities for whatever reasons, could be higher interest rates or prolonged COVID-19 lockdowns, could set in motion selloffs across either biotechnology stocks or Tesla shares and cause performance to deteriorate which could start net outflow of AUM and then the feedback loop has started,” said Garnry, at the time.
+1
People freaked out when BTC dropped below $30k in Jan (after breaking $40k for the first time). Always fun to watch when nervous people overreact! LOL.
Actually there's no Tesla in ARKG, but it's coming back top earth as well. Long term that's interesting. I'll her credit, however, for her transparency.