Stock Advice Thread
- Thread starter dgtatu01
- Start date
Just curious. What type of accounts do you guys trade in? IRA, Roth IRA, regular trading account?
I worked as a Juco teacher, good pension but literally no 401K, self funded a pretty good 403B, no match. So, backup plan was started in my 40s, taxable account to buy and sell individual stocks. Part 4 of my plan was a Roth IRA despite a late start. Retired at 60, converted my 403B to a regular IRA so I could trade stocks inside it, got by on monthly retirement checks, then depleted the Roth IRA, eventually sold off the taxable account paying only capital gains’ tax, didn’t touch my regular 100% taxable IRA until a couple of years after drawing SS starting at 62. Doing fine at 73. Wife had a matching 401K, no pension, simpler situation on her end.
Well done.
My thoughts have been that I may be able to retire or semi-retire at 55. I'll use my taxable account only paying capital gains until 59.5 while rolling over 401k Traditional to Roth up to the first tax level. Then I'll use my Traditional IRA and Traditional 401k withdrawing to the first tax level and use my taxable account. Hopefully, I can last until 65 taking out 3-4% while maintaining the principle before claiming SS.
That's the tentative plan as far as I can tell.
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Me too. Though I might be a position to invoke “The Rule of 55.” If so, I won’t have to pay as much capital gains on my taxable portfolio.
I did not know that rule. Another option to use. Thanks.
Looks like I could start using my Roth portion at that point. I might kick up the contribution to that part. Have to run some numbers.
Also, my employer is a government contractor who will have to bid again before I'm 55. Hope they get it because the last one didn't offer a 401k.
I wish to repeat that I am new and learning my way around individual stock investing. I have been invested in RIDE and WKHS for several months. Today I noticed that each of them had their 50 day MA cross to the north of their 200 day MA. My reading tells me this is a significant positive action. Based upon your experience do you place much credence in this action? What are your thoughts on them both making this move the same day? RIDE at about 1000 and WKHS about at 1300.
I like to look at the historical spread between the 2 avgs.
Is the price consistently bouncing off the 50 and staying above? Is the 50/200 spread widening or closing? The closer they are, the more stable the price has been... a move might happen...or not.
I think of the 200 as the floor. Anytime a stock falls below that, I'm giving it a good look. Is it still a good company that I want to own? Has anything happened that would make it fall?
When the 50 goes below the 200 and the price is below both, I'm buying more if the company is still solid and no news or upcoming news driving it lower.
These are things I look at with companies that have a history of at least 2 years. Newbies are still finding their feet.
@Lamar Card Btw, I checked WKHS and I'm getting 50 at 21 and 200 at 14. Are you sure you are using the chart at 1 day intervals?
Things could always change, but as of right now, I do view both BFT and THCB as potential long holds. I have a position on each in both my managed IRA/Roth account and my day trading account that I manage. As such, I will likely maintain those positions long in my managed IRA/Roth account, while I will parlay profits (hopefully) in my day trading account to the next good thing.
With respect to warrants, if you know how to buy and manage warrants there is a better ROI on that investment as opposed to typical shares. If interested, you should read up on warrants so that you have a good understanding of how that works. The short of it is, you can typically buy shares cheaper via the warrant route. Keep in mind that not all trading apps allow or have access to warrants.
THBR (indie Semiconductor with DA on 12/15/20) and IPOF (to be determined, but large value here) may be a couple of SPACs that others here might want to take a look at. The red day today opened up some good buying opportunities for those that didn't get in earlier.
Thanks for checking. I was using 1 hr. I didn't realize it made a difference. Any explanation as to why are they different?
Not positive but it obviously changes the duration measured. Maybe say 200 day moving avg becomes 200 hr moving avg?
So it's just a number that is input to the increment stated e.g. 1 min, 1 hr, 1 day, 1 wk. (Possibly? Don't quote me on that.)
Just remember to check that before analyzing.
What would everyone say is a good asset allocation for Roth IRA? At the moment I’m 50% stocks and 50% money market. That is likely too conservative. In January I will max out 2021 contributions and was wondering what everyone thinks should be allocated to stocks, money market and bonds?
RBS, do you have an account where you hold a mix of “regular” growth and value stocks like many of us not up on or afraid of SPACs and such? I would love to know some of your stock picks going into 2021, I had a fine 2020 but worry about staleness of my portfolio despite making some changes recently.
Same question a lot of us probably have regardless of age with a new administration taking over. We know Biden’s aims are green energy, infrastructure, etc, but the question is when will money be available with the massive debt on hand and still rising with more stimulus ahead? Taxes on corporations and the wealthy is supposed to happen quickly, will be interesting how soon that incoming money can be used to fund his desires. The other key, of course, is who has the Senate majority after the 1/5/2021 Ga elections? Patience is probably best before investing much money, IMO.
Got my first double. Bought BNGO yesterday at 1.23 sold today at 2.55. 107%. I set a 2.55 stop loss when it hit 2.75. I know that is tight, but I wanted to lock in that 100%. Looks as if it might hit 3 by noon.
Everyone's age and risk tolerance is different so hard to say. Plenty of websites out there can help you determine your risk tolerance.
Yes. My IRA and Roth accounts are a mix of growth and value stocks. Some of my stock holdings include the likes of SPY, CAT, DIS, PFE, GOOG, AMZN, WRK, JCI. In addition, I have several ETFs that generate dividends. I also have a handful of old traditional stocks still for dividend purposes, but I am thinking about transitioning those, not sure yet.
Regarding the "staleness" question. That's a great question, and one that I asked myself a year or so ago. Going into 2020, I was fairly heavily into traditional dividend type of investment portfolio, which is fine for long-term income, but it started to become apparent to me with interest rates being so low, the bond market being down, and the changing economy that my approach needed a revival of sorts to generate some growth that I was missing out on - at least with a portion of my portfolio.
Technology was already moving the landscape, and COVID simply escalated that. So, I moved some (not all) things around to reflect the modern economy. I started into SPACs this year seeing that was going to be the trend in 2020. I still see SPACs continuing into 2021 along with some other sectors.
I don't know what you think about ARK invest, they are progressive, but their annual letter came out a couple of days ago. It's a very interesting read, especially for those of us who are more along in years that need to be aware of what might be forthcoming and the need to potentially adjust our thinking (INVESTORS BEWARE: STAY ON THE RIGHT SIDE OF CHANGE (ark-invest.com)).
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ARK looks interesting, at one time I had information overload, but currently using Seeking Alpha’s free weekday articles, Zack’s daily articles free since my wife’s IRA is parked there currently, some good research in my own Ameritrade/Schwab IRA and paying a modest monthly amount for PRO articles. I scan the ideas, then depending on my own portfolio needs, choose a few here and there with small numbers of shares, helps keep me on top of them.
A few “stale” picks I mostly leave alone like AMZN, MELI, MSFT, NVDA, but too old in my early 70s to think long term about most ideas. It’s fun for me, though many of my peers prefer paying fees to brokers to handle their investments.
After moving to 2.95 BNGO started dropping. I used my profits to buy back in a 2.20 as it seemed to bottom. It closed at 2.10 on 12/30, but climbed to 3 AH. It stayed under 3 most of 12/31 closing at 3.08. AH it closed at 4.02. I am trying to double my profits and currently sit at 40% return on the profit. Still working on a strategy that allows me to take profits and yet capitalize if there is a long run. Yes, I am confused.
After moving to 2.95 BNGO started dropping. I used my profits to buy back in a 2.20 as it seemed to bottom. It closed at 2.10 on 12/30, but climbed to 3 AH. It stayed under 3 most of 12/31 closing at 3.08. AH it closed at 4.02. I am trying to double my profits and currently sit at 40% return on the profit. Still working on a strategy that allows me to take profits and yet capitalize if there is a long run. Yes, I am confused.
Bingo on BNGO! .... 5X in a week.
Wild EV day today.
Car makers were all up as the SPAC's were all down, more or less.
Car makers were all up as the SPAC's were all down, more or less.
After moving to 2.95 BNGO started dropping. I used my profits to buy back in a 2.20 as it seemed to bottom. It closed at 2.10 on 12/30, but climbed to 3 AH. It stayed under 3 most of 12/31 closing at 3.08. AH it closed at 4.02. I am trying to double my profits and currently sit at 40% return on the profit. Still working on a strategy that allows me to take profits and yet capitalize if there is a long run. Yes, I am confused.
Got up to 7x today, in a week. All I have to say is ...
Nio has their company day in a few days. I think they’ll take off from now through the event.
No more sellers of oil I guess. Hell of a pop today. I guess you can call it inflation or the December tax loss selling was a near term bottom. Thanks fed!
I’m going conservative on buys right now-LAKE my best pick, SMG & LAZY a few shares, expect to add more late winter.
WTI crude oil tops $50 after Saudi Arabia announces production cut (Commodity:CL1:COM)
via WSJIn a unilateral move, Saudi Arabia says it will cut 1M barrels per day from current crude oil production beginning in February.The news comes after...
seekingalpha.com
I got lucky, I switched over and bought a decent amount of RDSA about a month ago. Looks to be paying off.
It'll be interesting to see if this marks the cascade of transportation/travel stocks.........Oil stocks rise........then airlines and more crucial travel.........then cruise ships, etc......
After the election was perfect timing for so many cyclicals, industrials and small caps. I play with PXD and BGS mostly. Also got much smaller positions with STKL and INSG. A couple others graduated to mid cap to my surprise.WTI crude oil tops $50 after Saudi Arabia announces production cut (Commodity:CL1:COM)
via WSJIn a unilateral move, Saudi Arabia says it will cut 1M barrels per day from current crude oil production beginning in February.The news comes after...
I got lucky, I switched over and bought a decent amount of RDSA about a month ago. Looks to be paying off.
It'll be interesting to see if this marks the cascade of transportation/travel stocks.........Oil stocks rise........then airlines and more crucial travel.........then cruise ships, etc......
