OT: Stock and Investment Thread

[rutgersguy1_rivals]

PYPL has been holding that 155 support area I've mentioned the last little bit. Broke through it that woosh day but retook it that same day and has bounced off it a couple times since.

Conversely DIS broke down through that 137 area I mentioned and has bounced up against it a few times but hasn't been able to break through and it's been resistance.

I suppose earnings could confirm a definitive break down or break out from those levels.

 

[T2Kplus20]

I have Fidelity and Ameritrade and I never thought of switching.

I suppose I should be grateful to Robinhood, Adoption of commission free trading among the brokers was probably at least in part instigated by them.

Very true on the HOOD influence of others.

 

[patk89]

Tesla getting whacked again. $808/share. Approaching its one year average price of $794.

 

[RUschool]

Fidelity is the best platform. I have multiple accounts with them - current 401k, IRA rollovers, brokerage. I also like E-Trade which is where we have our main brokerage account.

I use several brokerage Ameritrade, Fidelity, Merrill and Vanguard. I want the SIPC insurance of $500k per brokerage firm. Some of smaller brokerages did go bankrupt in 2008.

 

[coloradoknight]

I use several brokerage Ameritrade, Fidelity, Merrill and Vanguard. I want the SIPC insurance of $500k per brokerage firm. Some of smaller brokerages did go bankrupt in 2008.

Most brokerage firms these days have additional insurance on top of this. If they don't, they are not worth doing business with. My guess is the 3 you mentioned all have additional insurance on top of SIPC. You might have coverage in to the 100's of millions.

 

[Scarletnut]

Interesting convo I had with one of my financial advisors who used to work in one of the major firms and follows the Fed closely. His opinion, short term, is if the market doesn't bounce up by 2/1 or 2/2, it will go down significantly, S&P to possibly 3800. He feels the Fed does not want to raise rates which will slow the economy drastically, i.e. a recession. He feels they hope the market corrects on its own so that they won't have to raise rates. He also feels that if oil doesn't get back to the low 70's, the Fed will be forced to raise rates , again hurting the economy. The Fed can only slow or speed the economy and they are always too late to deal with inflation.

 

[Rutgers Chris]

Rooting for this to turn into a meme commemorating ARKK’s official bottom.

 

[rutgersguy1_rivals]

Another intraday turn in the market. Tech with some relative strength for a change.

SOFI breaks below 11

 

[Jtung230]

Another intraday turn in the market. Tech with some relative strength for a change.

SOFI breaks below 11

Maybe I have to break my rule and quadruple down at 8.8.

 

[patk89]

Maybe I have to break my rule and quadruple down at 8.8.

Do it!

 

[Jtung230]

Do it!

Order is in. GTC 60 days

 

[Scarletnut]

Order is in. GTC 60 days

Well, I dipped in on TSLA at 1000, doubled down at 812. I'm pretty satisfied in my positions.

 

[T2Kplus20]

Order is in. GTC 60 days

Put in some orders for TQQQ and UPRO you wuss! Go big or go home.

 

[Jtung230]

Put in some orders for TQQQ and UPRO you wuss! Go big or go home.

I go home now.

 

[RUschool]

Interesting convo I had with one of my financial advisors who used to work in one of the major firms and follows the Fed closely. His opinion, short term, is if the market doesn't bounce up by 2/1 or 2/2, it will go down significantly, S&P to possibly 3800. He feels the Fed does not want to raise rates which will slow the economy drastically, i.e. a recession. He feels they hope the market corrects on its own so that they won't have to raise rates. He also feels that if oil doesn't get back to the low 70's, the Fed will be forced to raise rates , again hurting the economy. The Fed can only slow or speed the economy and they are always too late to deal with inflation.

I wouldn’t be surprised. That would be additional 10% which would make it 20% off from the high, quite possible. The Big Tech,MSFT and AAPL might have already reached close to their low as well as AMZN, GOOG and FB if their earnings are decent. There are other S&P stocks still have high PE. Earning season will almost be completed after Tech announces 2/1-2/3. Typically, after earning season, the market fall.

 

[RUschool]

I wouldn’t be surprised. That would be additional 10% which would make it 20% off from the high, quite possible. The Big Tech,MSFT and AAPL might have already reached close to their low as well as AMZN, GOOG and FB if their earnings are decent. There are other S&P stocks still have high PE. Earning season will almost be completed after Tech announces 2/1-2/3. Typically, after earning season, the market fall.

Nice end of day.

 

[rutgersguy1_rivals]

Nice end of day.

Yea. Like the move by ATT which I mentioned i picked up the other day.

Nice move but the Nasdaq still closed below the 200 DMA and so did the SP which came really close but still closed below. MSFT, AMZN and FB are also still below resistance levels as well despite the nice rally today.

 

[T2Kplus20]

Nice end of day.

The market can only be stupid and emotional for so long. We will see next week if it turns the corner. Still ready to buy.

 

[Jtung230]

Only loser on my board was SOFI.

 

[RUschool]

Yea. Like the move by ATT which I mentioned i picked up the other day.

Nice move but the Nasdaq still closed below the 200 DMA and so did the SP which came really close but still closed below. MSFT, AMZN and FB are also still below resistance levels as well despite the nice rally today.

I piled in MSFT, APPL, HD and UNH before today since their earnings were good. I’ll have to see GOOG, AMZN, and FB next week before I buy more.

Interesting, AMZN 26.5% off high, FB the 21.6% off, and GOOG off 13%. FB and GOOG have very reasonable PE.

 

[phs73rc77gsm83]

As I’ve said before, I trade very infrequently. I’m amazed that some of you guys make 4, 5, or 6 trades a day. Not saying it’s wrong, just very foreign to me. Are these odd lots? How are you factoring in tax implications? I know that “taxes shouldn’t wag the dog” but I’ve always felt that I needed to factor them in—especially now that I’m retired. It’s really interesting to see different strategies and philosophies.

 

[RUschool]

As I’ve said before, I trade very infrequently. I’m amazed that some of you guys make 4, 5, or 6 trades a day. Not saying it’s wrong, just very foreign to me. Are these odd lots? How are you factoring in tax implications? I know that “taxes shouldn’t wag the dog” but I’ve always felt that I needed to factor them in—especially now that I’m retired. It’s really interesting to see different strategies and philosophies.

IRA and Roth tradable account and my taxable account I’m trying to keep long term investments

Odd lots especially for AMZN and GOOG but I might buy 50 share increments for most others but normally buy in increments. Many of the stocks are high price 250-350$

 

[RUBlackout]

IRA and Roth tradable account and my taxable account I’m trying to keep long term investments

Odd lots especially for AMZN and GOOG but I might buy 50 share increments for most others but normally buy in increments. Many of the stocks are high price 250-350$

I’m trying to do something similar for tax purposes. I was keeping some “trades” rather than investments in my brokerage account but not worth thinking about the tax implications.

now I’m trying 100% investments in brokerage
100% investments in 401k
And 25% investment / 75% trading in IRAs

 

[Jtung230]

As I’ve said before, I trade very infrequently. I’m amazed that some of you guys make 4, 5, or 6 trades a day. Not saying it’s wrong, just very foreign to me. Are these odd lots? How are you factoring in tax implications? I know that “taxes shouldn’t wag the dog” but I’ve always felt that I needed to factor them in—especially now that I’m retired. It’s really interesting to see different strategies and philosophies.

think most post more than they trade. can’t go broke paying taxes. My strategy is to kill time and my philosophy is don’t lose more than I can afford .

 

[RULegion]

Not sure if anyone brought up PODD and DXCM today. I bought some early at market open still room to run. Long story short PODD got FDA approval for the newest generation Omnipod insulin pump that works with Dexcom. Both have been recently way down for no real reason I guess market correction. Take a look…

 

[RUAldo]

Yea. Like the move by ATT which I mentioned i picked up the other day.

I would have bought more on the dip but still hold quite a bit. Would be great to get some meaningful insight on the split/spin because I think WM/Disc will exceed expectations especially with latest HBO numbers. The HBO content is simply best in class in terms of overall quality.

 

[RU in IM]

As I’ve said before, I trade very infrequently. I’m amazed that some of you guys make 4, 5, or 6 trades a day. Not saying it’s wrong, just very foreign to me. Are these odd lots? How are you factoring in tax implications? I know that “taxes shouldn’t wag the dog” but I’ve always felt that I needed to factor them in—especially now that I’m retired. It’s really interesting to see different strategies and philosophies.

Activity for me has been unusually high. I had a total of 45 purchases the last two weeks. (25% of the trades were in a natural gas stock that moves up and down in a trading range, so I have been trading it often for the last 2 years). 20+ trades a week is extremely unusual for me. In a normal week I probably buy/sell about 5-6 times. Trades were way up as I was able to buy back some stocks that I previously sold at higher prices. I also increased my portfolio from 42 to 55 companies as valuations for many stocks became more attractive. In all, the purchases have brought me back to where my stock allocation was a few months ago.

As far as taxes, 80% of the trades are in my 401k PCRA account, so there are no tax consequences.

 

[rutgersguy1_rivals]

https://www.cnbc.com/2022/01/29/streaming-video-no-longer-impresses-investors-whats-next.html

 

[T2Kplus20]

https://www.cnbc.com/2022/01/29/streaming-video-no-longer-impresses-investors-whats-next.html

Lots of competition, low profit margins so far due to content investments.

 

[rurahrah000]

We seem to be nearing the bottom. I have personally moved ~50% of my short term portfolio to long term growth stocks and away from high dividend and high cash flow stocks. I bought back some of my fintech plays (especially PYPL, SQ, AFRM, UPST, MELI). Also got into some high beta metaverse stocks like RBLX. I will be looking to buy more, but these levels was what I was waiting for in the past month.

 

[Scarletnut]

Fintech is a beaten down sector. Anyone have any thoughts on FTFT. I bought it at near 1.00. Might be a big mover when the sector recovers.

 

[T2Kplus20]

We seem to be nearing the bottom. I have personally moved ~50% of my short term portfolio to long term growth stocks and away from high dividend and high cash flow stocks. I bought back some of my fintech plays (especially PYPL, SQ, AFRM, UPST, MELI). Also got into some high beta metaverse stocks like RBLX. I will be looking to buy more, but these levels was what I was waiting for in the past month.

ARKF is almost back to pre-COVID levels. Significantly oversold sector. There will be plenty of long-term winners in that bunch. RBLX is a solid long play as well.

 

[T2Kplus20]

Fintech is a beaten down sector. Anyone have any thoughts on FTFT. I bought it at near 1.00. Might be a big mover when the sector recovers.

I have always been confused with what FTFT actually does. Market cap is down to $47m. If the company pops, it will likely pop big.

 

[RU in IM]

Fintech is a beaten down sector. Anyone have any thoughts on FTFT. I bought it at near 1.00. Might be a big mover when the sector recovers.

No nothing about it, but I stay away from companies that have expenses that are more than double their revenue. It has dropped over 93% off its 1-year high. Curious why you bought it; what are their prospects?

strange profile; 99% off ATH and their activities range from blockchain technology to the production and sale of fruit juice concentrate.

 

[RUinPinehurst]

I wouldn’t be surprised. That would be additional 10% which would make it 20% off from the high, quite possible. The Big Tech,MSFT and AAPL might have already reached close to their low as well as AMZN, GOOG and FB if their earnings are decent. There are other S&P stocks still have high PE. Earning season will almost be completed after Tech announces 2/1-2/3. Typically, after earning season, the market fall.

Shiller SP500 P/E Ratio: 36.61 +0.87 (2.43%)
4:00 PM EST, Fri Jan 28

 

[RUinPinehurst]

As I’ve said before, I trade very infrequently. I’m amazed that some of you guys make 4, 5, or 6 trades a day. Not saying it’s wrong, just very foreign to me. Are these odd lots? How are you factoring in tax implications? I know that “taxes shouldn’t wag the dog” but I’ve always felt that I needed to factor them in—especially now that I’m retired. It’s really interesting to see different strategies and philosophies.

Investing vs trading. As a retiree, you hopefully take a conservative approach and limit your $ for trading "recreationally," likely no more than a few percent of your portfolio/net worth. No?

 

[RUAldo]

No nothing about it, but I stay away from companies that have expenses that are more than double their revenue. It has dropped over 93% off its 1-year high. Curious why you bought it; what are their prospects?

strange profile; 99% off ATH and their activities range from blockchain technology to the production and sale of fruit juice concentrate.

Chinese company? No thanks!

 

[T2Kplus20]

Chinese company? No thanks!

Tough to have any confidence in Chinese companies due to the gov.

 

[phs73rc77gsm83]

Investing vs trading. As a retiree, you hopefully take a conservative approach and limit your $ for trading "recreationally," likely no more than a few percent of your portfolio/net worth. No?

Yes. I really don’t trade at all. The last buy I made, other than dividend reinvestment, was a couple years ago. I have relatively large (low 7 figure) embedded LTCG in a taxable account that will hopefully go to the kids with a stepped up basis. Most of my portfolio is in tIRA but I’m doing Roth conversions to try to balance that out. I have about 30x “bare-bones necessary” annual expenses in cash and fixed income—factoring in social security and a modest pension from a job In the ‘80s, so I feel I can ride out an 8-10 year market decline without having to sell in a down market.

 

[Jtung230]

Yes. I really don’t trade at all. The last buy I made, other than dividend reinvestment, was a couple years ago. I have relatively large (7 figure) embedded LTCG in a taxable account that will hopefully go to the kids with a stepped up basis. Most of my portfolio is in tIRA but I’m doing Roth conversions to try to balance that out. I have about 30x annual expenses in cash and fixed income—factoring in social security and a modest pension from a job I the ‘80s, so I feel I can ride out an 8-10 year market decline without having to sell in a down market.

Dude, you need to live it up a little more. Just think all the good you can do for RU .