To clarify, that 10% I previously cited comprises individual US equities. I do have a few funds. Although my overall equity target is 50%, I'm currently around 30%.
OT: Stock and Investment Thread
- Thread starter RU05
- Start date
We will be comfortably ready to buy in about 2 years (once our next set of stock options vest). However, still deciding on the right timing. We live in the Princeton area and will buy in Stone Harbor, which is about 2:15 to 2:30 hours away. We want to make sure we will be able to use the house enough to make it worth it. Flex/remote work really helps, so we need to figure it out.
The only other asset class that’s more overvalued than stocks and crypto
Last edited:
Can't think of a beach house purely as an "asset" - unless it is an investment property. As a family vacation/second house, the time there would be priceless and worth its weight in gold.
If you are going to buy a house in a beach town, I would suggest buying a house with the beach as your backyard. The Hamptoms are great for that. Nothing beats having the beach as your back yard. I promise you will never want to cross the street again to get to the beach. I don't know if Stone Harbor has houses that back into the beach, but there are plenty other places that do. One of the nicest weeks we spent with the kids was a house like that in Destin, FL. The kids could go out there anytime they wanted and the adults would hang out on the terrace. Also make sure that the property is at least more than 0.5 acres. You don't want to be too close to the neighbors. Privacy is very nice. Don't get a place near condo complex. Make sure the beach is a private beach or really far away from a public beach.
Last edited:
Agree that they’re overvalued but the time spent there is absolutely priceless. Wouldn’t trade it for anything.
Same thing as discussions about age, risk tolerance, etc. Comes down to personal circumstances. I can live at the beach from June through August and have friends/family down that I wouldn’t otherwise see as much . Can’t beat that, so for me it’s worth the cost. Thankfully I bought before this last crazy spike in prices, but even now I’d probably do the same.
I agree with You. It’s all about how much time you can spend there. I blame my wife for missing the boat. She wanted to buy the perfect house and we passed on a lot of great houses at great prices. We literally didn’t bid on a house because it didn’t have sidewalks. The boardwalk was 3 houses away!!!!!
Stone Harbor is a small and very laid back town. Traffic is non-existent and crossing over roads isn't an issue (even in summer). We have rented 2-3 weeks each Aug for the past 15 years and know the island extremely well. I even visit town hall and chat with the administrator and mayor (being a former mayor we like to talk shop. LOL!). Beach front houses/properties are gorgeous, but are in the range of $6-$10m, depending on exact location, probably $8m on average. We have rented the same house for 8 years and it is 7th from the beach. Huge pool and backyard, great privacy. This house would sell for $3.5m'ish and we would buy it in a heartbeat! Perfect place and location for us. Regardless, we would likely stay in this range, so we can eventually buy property in the SW as well. My wife went to college in AZ and that may become our winter HQ.
I tend to think traders won't want to be long heading into a long weekend with Russia/Ukraine issues but we'll see.
If it gets worst over the weekend in Ukraine then Monday down 5-7%. I stopped trading, everything going down But if it goes down 5%, I’m in.
I never saw the destruction like this before but I didn’t invest in Tech during the dot.com bubble.
It's hard to see ROKU's long-term value prop. They were the first in the space, but there are now many better options (which also come with unique content).
Gotta keep buying when stupid things happen. Emotional people create opportunities for others.
I’m nibbling a bit on non-tech stocks this morning. But I’m about to put pencils down for today because I don’t need to chase this now in case the bottom falls out over the weekend
RBLX heading towards its IPO price. Mentioned the other day it's likely to go below that. CRM breaking 200 and I had an order for it below 200 (when it was trading in the 250s) where I think there was pretty good support but I pulled it recently because I don't like the way things are trading. I think it will hit that support and I don't think it will hold.
I questioned before if retest of the Jan lows is possible and it looks like it. Even in strong days I don't see breakouts to new levels and resistances are often holding in multiple names, even ones with good earnings. So IMO, the bias is to the downside for now.
I’ll probably start a MU position. May also buy some WOLF, which I’ve been trading lately. I still like INMD as growth play. SBUX and GS.
Definitely buying today if my levels are reached (for lowering my CBs or starting URTY). I always like to wait for the end of the day, but.....
When buying, remember, earnings matter:
That only works if you are right about the direction of the market. Lots and lots of people got 2020 very wrong and missed out. When this market snaps back, it will happen in the blink of an eye. Better to do small buys along the way.
The market will explode with any good news (since earnings are so strong).
Amazing how many suckers got washed out on the likes of ROKU, ARKK, [insert overvalued stock with no earnings], etc. Where is the WSB crew now?
Sooner or later valuation matters and so do profits. Everyone isn't turning into AMZN and AMZN had a jewel like AWS in the wings that worked out, most companies don't have something like that. Without AWS, even AMZN wouldn't be viewed as favorably as it is imo. Easy money pushed these things up way beyond where they should have been and without that tailwind, most won't sniff those levels again.
Don't need to try hard to justify owning AMZN, GOOGL, MSFT, and AAPL. NVDA is also a d'uh to own. Obviously, FB had a setback, but still an attractive long hold.
I haven't looked in a bit, but those 6 companies probably make up 15-20% of all of our retirement holdings.
The mental health issues that come out of the last two years are going to be scary. I follow this guy on Twitter, was mostly for gambling/ufc content a few years ago. He became a stock expert when everything started to fly. Posted ARKK’s daily buys and talked like he had the market all figured out.
Fast forward to today and I’ve watched him become unhinged over the last few months. He’s Canadian so what’s going on there is obviously impacting him, but it’s sad to see
The Redditt crowd must be ready to jump out of the window. This morning I was thinking it must be getting to that stage- jumping out of the windowl
Many of us predicted this exact scenario as the retail traders were sitting home in their pajamas gambling on stocks with stimulus money.
And all this happened essentially under the surface of the market. All the main indexes have done fine over the past year or two.