OT: Crypto, Stocks, Bonds, Real Estate, Investments, IRAs & Finances, etc.

Jose7 · Post #121 » by **Jose7** » Mon Dec 16, 2019 4:12 am

got paid my dividends earlier this week for my funds (all low fee index funds) in my pre tax IRA...so damn sweet.. bull market I know. and I know the market will go down but i will never get time back in the market for compound interest.

Stannis · Post #122 » by **Stannis** » Mon Dec 16, 2019 5:20 pm

Jose7 wrote:got paid my dividends earlier this week for my funds (all low fee index funds) in my pre tax IRA...so damn sweet.. bull market I know. and I know the market will go down but i will never get time back in the market for compound interest.

Are those dividends paid out in cash or do they automatically get reinvested?

Is your pre tax IRA through your employer? I thought IRA contributions are mostly/all post tax?

Jose7 · Post #123 » by **Jose7** » Mon Dec 16, 2019 10:41 pm

Stannis wrote:
Jose7 wrote:got paid my dividends earlier this week for my funds (all low fee index funds) in my pre tax IRA...so damn sweet.. bull market I know. and I know the market will go down but i will never get time back in the market for compound interest.

Are those dividends paid out in cash or do they automatically get reinvested?

Is your pre tax IRA through your employer? I thought IRA contributions are mostly/all post tax?

Reinvested in this 403b.

I do have a traditional Ira and a Roth as well.

Post #124 » by **dakomish23** » Tue Dec 17, 2019 2:24 am

My stocks are all in my IRAs.

My firm’s picks over the years that I still hold. All long term plays.

Spoiler:

my own random picks that I still hold. Some big losers. Occasional winner.

Spoiler:

On of my biggest regrets is not doing this, even on a small scale, when I was in my 20’s. IE a company I used to work for, Broadridge, was $24 when they spun off. Nope, I needed to party. :noway:

iLLmatic860 · Post #125 » by **iLLmatic860** » Tue Dec 17, 2019 2:37 am

Is stocks worth it if you’re broke and have under 100$ to your name?

Toranaga · Post #126 » by **Toranaga** » Tue Dec 17, 2019 12:14 pm

dakomish23 wrote:On of my biggest regrets is not doing this, even on a small scale, when I was in my 20’s. IE a company I used to work for, Broadridge, was $24 when they spun off. Nope, I needed to party.

Toranaga wrote:Just as a general aside, if you are financially able to, max all your tax advantaged investment space each year if you can. 401k, IRA, HSA. It's so valuable and you'll be so happy that you did. I did not when I was younger due to being young and dumb and it's my greatest regret. I got my act together now, but the gains that I missed out on hurt each time I think about it.

Younger folks...Please read this and let it sink in. Start NOW. I partied my 20s away and while I have some great memories, I damn sure would rather be closer to retirement looking back at it. It is such a huge advantage to start saving and investing early. Pay yourself first, then work with whatever is left over for the fun stuff.

Toranaga · Post #127 » by **Toranaga** » Tue Dec 17, 2019 12:21 pm

DaT WaVeY RiCaN wrote:Is stocks worth it if you’re broke and have under 100$ to your name?

No. Build an emergency fund first in a high yield savings account (I use Ally).

I have 3 months of expenses in mine. Some people like to have more than 3 months worth of expenses but my job is very marketable and I probably wouldn't be out of work long if I got laid off/fired.

Would also recommend you sit down and make a budget if funds are that tight. Good luck, there's a lot of smart people in here if you have more questions.

Toranaga · Post #128 » by **Toranaga** » Tue Dec 17, 2019 12:41 pm

aq_ua wrote:This is great stuff, thank you. Do you have recommendations for HSA qualified insurance plans?

https://www.irs.gov/publications/p969

Lot of reading but just go to the HSA and high deductible health plan section. They lay out the requirements there.

Stannis · Post #129 » by **Stannis** » Tue Dec 17, 2019 2:24 pm

dakomish23 wrote:My stocks are all in my IRAs.

My firm’s picks over the years that I still hold. All long term plays.
Spoiler:
ABB
ALB
ALXN
ADI
BMRN
BLKB
BC
CB
CTSH
DEO
DIS
DVN
EBAY (out)
FDX
FLIR
GILD
GLW
HRL
ITW
INCY
IONS
JCI
JW/A
LIN
MTB
MDT
MRK
MSFT
NKTR
NBIX
JWN (I’m holding to recoup losses)
PAYX
PYPL
PPG
PG
SNY
SGEN
SNPS
TRMB
USB
UL
VRSK
VRTX
WPP (I’m Holding to recoup losses)
WY
ZBH

my own random picks that I still hold. Some big losers. Occasional winner.

Spoiler:
AMD
AA
APPL
ARNC
BAC
CRSP
DXCM
ELY
FMC
FSLR
HQY
KIN
KNX
NFLX
NTGR
NVDA
RDCM
REXR
SHOP
SEDG
SLCA
SON
SRAX
STAG
STM
TCMD
TWTR
SCHW

On of my biggest regrets is not doing this, even on a small scale, when I was in my 20’s. IE a company I used to work for, Broadridge, was $24 when they spun off. Nope, I needed to party.

Some good names.

I bought DXCM when I first started, so I was being cheap. I wish I bought more because they went up like 40%+ a month or two later.

Phish Tank · Post #130 » by **Phish Tank** » Tue Dec 17, 2019 3:32 pm

getting in Apple at $102 and later at $95 at it's low 3+ years ago (even if only a tiny investment) was one of my greatest investment heists.

Other one was buying $200 worth of Altria Stock in college 10 years ago back at around $16/share

Post #131 » by **dakomish23** » Tue Dec 17, 2019 3:35 pm

Stannis wrote:
dakomish23 wrote:My stocks are all in my IRAs.

My firm’s picks over the years that I still hold. All long term plays.
Spoiler:
ABB
ALB
ALXN
ADI
BMRN
BLKB
BC
CB
CTSH
DEO
DIS
DVN
EBAY (out)
FDX
FLIR
GILD
GLW
HRL
ITW
INCY
IONS
JCI
JW/A
LIN
MTB
MDT
MRK
MSFT
NKTR
NBIX
JWN (I’m holding to recoup losses)
PAYX
PYPL
PPG
PG
SNY
SGEN
SNPS
TRMB
USB
UL
VRSK
VRTX
WPP (I’m Holding to recoup losses)
WY
ZBH

my own random picks that I still hold. Some big losers. Occasional winner.

Spoiler:
AMD
AA
APPL
ARNC
BAC
CRSP
DXCM
ELY
FMC
FSLR
HQY
KIN
KNX
NFLX
NTGR
NVDA
RDCM
REXR
SHOP
SEDG
SLCA
SON
SRAX
STAG
STM
TCMD
TWTR
SCHW

On of my biggest regrets is not doing this, even on a small scale, when I was in my 20’s. IE a company I used to work for, Broadridge, was $24 when they spun off. Nope, I needed to party.

Some good names.

I bought DXCM when I first started, so I was being cheap. I wish I bought more because they went up like 40%+ a month or two later.

DXCM has been crazy. I wanted to buy more but it just took off

Stannis · Post #132 » by **Stannis** » Tue Dec 17, 2019 4:58 pm

dakomish23 wrote:
Stannis wrote:
dakomish23 wrote:My stocks are all in my IRAs.

My firm’s picks over the years that I still hold. All long term plays.
Spoiler:
ABB
ALB
ALXN
ADI
BMRN
BLKB
BC
CB
CTSH
DEO
DIS
DVN
EBAY (out)
FDX
FLIR
GILD
GLW
HRL
ITW
INCY
IONS
JCI
JW/A
LIN
MTB
MDT
MRK
MSFT
NKTR
NBIX
JWN (I’m holding to recoup losses)
PAYX
PYPL
PPG
PG
SNY
SGEN
SNPS
TRMB
USB
UL
VRSK
VRTX
WPP (I’m Holding to recoup losses)
WY
ZBH

my own random picks that I still hold. Some big losers. Occasional winner.

Spoiler:
AMD
AA
APPL
ARNC
BAC
CRSP
DXCM
ELY
FMC
FSLR
HQY
KIN
KNX
NFLX
NTGR
NVDA
RDCM
REXR
SHOP
SEDG
SLCA
SON
SRAX
STAG
STM
TCMD
TWTR
SCHW

On of my biggest regrets is not doing this, even on a small scale, when I was in my 20’s. IE a company I used to work for, Broadridge, was $24 when they spun off. Nope, I needed to party.

Some good names.

I bought DXCM when I first started, so I was being cheap. I wish I bought more because they went up like 40%+ a month or two later.

DXCM has been crazy. I wanted to buy more but it just took off

AMD was a great pickup too. I really wish I got in the game sooner.

When it was under $5 a share, that looked like a no-brainer.

Stannis · Post #133 » by **Stannis** » Tue Jan 14, 2020 2:02 am

How do you guys get over FOMO?

Right when I started, I was thinking about buying Tesla (was about 250). But read a lot of stuff about it not being profitable yet. So I bought safer picks. Of course now, I feel like **** now, because it's over 500 lol.

aq_ua · Post #134 » by **aq_ua** » Tue Jan 14, 2020 2:09 am

Stannis wrote:How do you guys get over FOMO?

Right when I started, I was thinking about buying Tesla (was about 250). But read a lot of stuff about it not being profitable yet. So I bought safer picks. Of course now, I feel like **** now, because it's over 500 lol.

Easy - just read about WeWork for 3 minutes.

https://www.businessinsider.sg/weworks-nightmare-ipo/?r=US&IR=T

Tesla will correct at some point. Either way, it's a crap shoot.

Stannis · Post #135 » by **Stannis** » Mon Jan 27, 2020 2:31 pm

What do you guys think of the coronavirus?

Garbagelo · Post #136 » by **Garbagelo** » Mon Jan 27, 2020 5:01 pm

Stannis wrote:What do you guys think of the coronavirus?

As far as how it will affect the market? I thought this was an investment thread lol

SWYM · Post #137 » by **SWYM** » Mon Jan 27, 2020 7:17 pm

Stannis wrote:How do you guys get over FOMO?

Right when I started, I was thinking about buying Tesla (was about 250). But read a lot of stuff about it not being profitable yet. So I bought safer picks. Of course now, I feel like **** now, because it's over 500 lol.

It's best you do deep dive into stocks if you're going single stock portfolio.

As for TSLA, it's heavily driven by retail aka "dumb" $ and the most crowded trade is short TSLA debt/long stock.

The actual biz #s don't warrant a 2x or a rise at all but press sells. Eventually, the game ends and most are left without a seat because unless TSLA can actually show profit at full manufacturing capacity and growing car sales. Otherwise it's smoke & mirrors

Garbagelo · Post #138 » by **Garbagelo** » Mon Jan 27, 2020 7:36 pm

Stannis wrote:How do you guys get over FOMO?

Right when I started, I was thinking about buying Tesla (was about 250). But read a lot of stuff about it not being profitable yet. So I bought safer picks. Of course now, I feel like **** now, because it's over 500 lol.

I never FOMO or PANIC

If you have a long term strategy then these are the last things you should have on your mind

Never revenge trade, there is always opportunity to make money 24/7 in the market

Just because you miss out on something doesn't mean you should hop on board when there is mania. Just get in on something else.

Also, be aware that everything in the world has corrections. If you are interested in a stock, wait for a correction. Keep an eye on it and check up on it every so often. It's a marathon not a race.

CharlesOakley · Post #139 » by **CharlesOakley** » Mon Jan 27, 2020 8:15 pm

I recently got an interest bearing bitcoin account with blockfi with 6.2% rate. I have never traded crypto before, focusing mostly on forex and gold. I've been studied the markets for 6 years and actively trading and making money for 3. Here is my chart where I found entries. https://imgur.com/X9ORjCA

Adding interest on top of some nice moves makes this a very attractive vehicle for me. When I hit profit targets, I can move money from my bitcoin account to gemini coin (also interest bearing) which is pegged to the dollar.

This isn't a recommendation to trade or invest like me and I have no financial association with blockfi (or anything even remotely related).

Garbagelo · Post #140 » by **Garbagelo** » Mon Jan 27, 2020 10:32 pm

CharlesOakley wrote:I recently got an interest bearing bitcoin account with blockfi with 6.2% rate. I have never traded crypto before, focusing mostly on forex and gold. I've been studied the markets for 6 years and actively trading and making money for 3. Here is my chart where I found entries. https://imgur.com/X9ORjCA

Adding interest on top of some nice moves makes this a very attractive vehicle for me. When I hit profit targets, I can move money from my bitcoin account to gemini coin (also interest bearing) which is pegged to the dollar.

This isn't a recommendation to trade or invest like me and I have no financial association with blockfi (or anything even remotely related).

blockfi seems like a scam to me