SAM pulling 2021 guidance citing hard seltzer inventory write-offs. Seems the fad is finished for now.
Stock Advice Thread
- Thread starter dgtatu01
- Start date
Good advice. Experts advise setting targets, but I rarely held to them, still feel like I’ve mostly kept a “decent“ handle on the 40-50 stocks my wife and I have held over the many years.
Most Automobile stocks, but I prefer good companies down about 10% or so myself-TGT an example, maybe OLN SMG HON, though I’m watching the economy on those three.
Weird market action. My portfolio has looked good overall despite APPL and KR, yet the markets are barely up after a down morning. Despite the hot spots, I still like the reopen thinking Delta is about as bad as it gets.
Started new positions in WMT and PATH whose CEO was on Cramer's show last night. Oil futures have had a good week with bad headlines as well.
Started new positions in WMT and PATH whose CEO was on Cramer's show last night. Oil futures have had a good week with bad headlines as well.
Looking at PATH. 40x p/s and 27B mrkt cap still looking a bit pricey. Definitely want in in the near future.
Added to TTWO as well today. Glad that I'd been trimming KR after today's action.
Added to ADSK.
Sold a put on BGRY which looks like I'll get exercised.
That's all besides selling some calls on MTTR and WRAP recently. Still trying to wait and build a war chest.
Sold a put on BGRY which looks like I'll get exercised.
That's all besides selling some calls on MTTR and WRAP recently. Still trying to wait and build a war chest.
Painful, but things are coming more in line with reasonable valuations.
Might give it another month and see.
Might give it another month and see.
Correction huh? S&P 500 just 2% off it's 52-week high.
I guess a 5% hit is all this market can stand. lol
Still have orders at least 10% lower to see what happens.
I guess a 5% hit is all this market can stand. lol
Still have orders at least 10% lower to see what happens.
The fiancee has a 401k from a year ago that's been sitting with her old company for a year now (I know..).. Looking to move this, but the new company doesn't match 401k, so it needs to be her own retirement account. It's a pretty small balance now and only makes up about 10% of our total retirement.
I have a 401k and a Roth IRA to my name. The split between the two in balance is about 90% 401k to 10% Roth IRA.
With the info above, what's the best retirement account for her? Should she do an IRA, Roth, something else? I plan on investing in something very hands-off, like a target account and just adding a hundred or two a month. I know that's not a lot, but I plan on relying on my other two retirement accounts. Our income will likely be in the 22 to 24% tax bracket, filing jointly.
I have a 401k and a Roth IRA to my name. The split between the two in balance is about 90% 401k to 10% Roth IRA.
With the info above, what's the best retirement account for her? Should she do an IRA, Roth, something else? I plan on investing in something very hands-off, like a target account and just adding a hundred or two a month. I know that's not a lot, but I plan on relying on my other two retirement accounts. Our income will likely be in the 22 to 24% tax bracket, filing jointly.
Roll over her 401k and get her in a Roth IRA like yourself. Choose your broker. Check out sites like Nerd Wallet or Bank Rate for help.
If she has years and years until retirement, I'd do 90% Roth. Maybe 10% of her weekly or bi-weekly contribution to her company 401k or a regular IRA. Start ASAP even if it's small. Re-invest your dividends. I'm here to tell you regular contributions pay off in the end.
Can't help you with current taxes but at age 59 1/2, those Roth distributions are tax free!
Nothing wrong with an ordinary, taxable, brokerage account as well. Put in what you can afford. Buy mutual funds, ETF's or stocks you know to learn and earn.
If she has years and years until retirement, I'd do 90% Roth. Maybe 10% of her weekly or bi-weekly contribution to her company 401k or a regular IRA. Start ASAP even if it's small. Re-invest your dividends. I'm here to tell you regular contributions pay off in the end.
Can't help you with current taxes but at age 59 1/2, those Roth distributions are tax free!
Nothing wrong with an ordinary, taxable, brokerage account as well. Put in what you can afford. Buy mutual funds, ETF's or stocks you know to learn and earn.
Stock picking tricky lately, did luck into one fine one, INMD, Israeli company for the vain, our appearance! INMD had a 2 for 1 split as of today, going down, still a very good buy for the future, IMO.
Me, too, even grudgingly selling partial positions in some fine stocks to raise cash, afraid we have a long wait with the supply chain mess, then inflation gradually becoming more of a worry.
Nice little dip for a few of my dividend investments I was looking to add. QYLD is down a bit, not a growth by any means but a high payout yield. MO was in a dip, then some bad (not terrible) news pushed it down so I added. It's already bounced a bit. With both of these now, my annual payout hits the $1k each mark.
Yeah I was thinking a Roth IRA, as mine is still only a small amount compared to the 401k. Thar way maybe it will be more balanced by the time of retirement. We're only in our mid 30s. Unfortunately, her company does zero match, but instead does Stock Options. So I feel like the 401k is pointless if they don't match.
I think I'd just do a target fund, set it and forget it. That's how mine are. I know I'm probably "leaving money on the table" but IDC.. its worth it not having to manage it and potentially make mistakes. I have two other brokerage accounts for more medium-term investing.
The idea of regular contributions is a big key. Get to the point where you don't miss the money since it comes out of your paycheck or out of a savings account for example. The beauty as always is dollar cost averaging and compounding dividends over time. Your patience will be rewarded in the end.
I had a 403B at my college, no match, but liked the deferral of taxes on some of my savings, put quite a bit in it I loved the Roth, got a late start on it, but also liked the taxable account since back then, I could only invest in the investment company’s mutual funds, and I wanted a place to learn about buying and selling individual stocks and buying my selected mutual funds. So, in retirement at age 60 I had a pension plus started using the tax free Roth. Next, I started selling shares in my taxable account, only having capital gains’ taxes to pay. Then SS kicked in at 65, and eventually forced at 70 1/2 to start using the 403B and wife’s 401K, which were rolled into IRAs, where I buy and sell stocks and ETFs.
Yeah I've started buying some things in my brokerage, no selling yet/ But I really dont think I ever want to get into it to the point that I'm worried about my portfolio every day, trying to sell and buy all the time.
I think I'll use one of the larger ones... Vanguard, Fidelity, Schuab, for her retirement account.
I will say, it's amaziong how many in my age group, even well educated with good families, have little knowledge of personal finance. I think if there's just one thing I could teach my kids, it would be that.
I think I'll use one of the larger ones... Vanguard, Fidelity, Schuab, for her retirement account.
I will say, it's amaziong how many in my age group, even well educated with good families, have little knowledge of personal finance. I think if there's just one thing I could teach my kids, it would be that.
I feel you. I've just done the 401 contribution plus I have stock in my company. Have been a set it and forget it kinda fella until now. Really thinking about my future now and the less taxes the better.
Sure, stay in your lane, but in my case, I don’t worry, several years of dealing with ups and downs.
Exactly, have to shrug the bad things off or just buy an S&P ETF and get out of the rat race.
If you're interested in Quantum Computing technology, a company that is the first to be listed, I believe, is IONQ. Looking to the future, this might be worth considering. IONQ merged with SPAC recently and is why you see a chart history going back to January of 2021. I think IONQ went public last Friday.
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Here’s a hot new hair products’ stock, OLPX, since I’m bald, well, no personal use.
Was coming to post similar.. a lot of applications for Quantum Computing, although I won't pretend to know everything about it (despite working in IT lol).. but the first of its kind to go public at like $8 a share (on Friday), why not throw some money at it?
I did this with AMD a few years ago. Just has that feeling of a stock that will eventually blow up. Worth it for that price.
IONQ made a bull move since my initial post...around a 34% move in the stock. A $5,000 buy bought approx. 665 shares for a profit of just less than $1,800, which was a nice trade. The option however offered leverage and a better trade result for the same dollar move in the stock. Using the same $5,000 and buying 100 contracts of the Nov19 10 call purchased at $0.50/share on Oct 6, near the close of trading, sold yesterday, prior to the close, for $1.50 for a ROR of 200%, netting a profit of approx. $9,870. I would not recommend a bullish play on IONQ, as a trade now because the timed move is over. As an investment, an analysis based on fundamental data would be appropriate and as best I can tell, most people posting in this thread are "buy and hold" stock traders. I only trade the option.
I only mentioned this stock because I think Quantum technology (trinary code) is the future and quantum computing technologies will lead the way and worth watching for those of you who follow "buy and hold". I did find the trade potential to be interesting and made the kind of short-term profit that will build wealth over time.
Best of luck to all of you and I enjoy the read will continue to do so.
I just started reading through some of the posts in this thread that started back in 2016 and ran across your post referenced above. Regarding your thoughts on patterns...you are absolutely correct. You can understand the patterns best if you can see them and that is the problem for most people. The patterns can, as you mention, be discovered using mathematics although this task is much more challenging. The patterns are there in spades, over and over, and continuously repeat. Master the cycle and there is no limit to what you can earn in the markets.
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Well, here we go with a wild one. Not much on SPACs, but at the open heard of a media related SPAC going in with Trump’s media company, bought 500 sh DWAC for the hell of it, had a brief downswing, but up $6,222 currently.
Insane, almost a 3 bagger, still rising, finally sold half my original 500 sh, profit of $5,562.50.
Congrats. Timing and direction sync'd perfectly. Very nice.
I saw it this morning, it was at $19 and thought "that looks interesting", looked at it about 2 hours later and it was $41 and was like...."F*%$
