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ZERO and I have been holding huge margin all year. Going to tax harvest like a maniac this December IF the market gives me just one little opening.
Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
ZERO and I have been holding huge margin all year. Going to tax harvest like a maniac this December IF the market gives me just one little opening.
Tmac
Adventurer
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I’ve been listening to The Intelligent Investor. Most traders buy the spike and sell the dip. Most traders make less than average returns after fees and taxes. Most traders are irrational.
With two exceptions, our little piece of Heaven seems to be full of most traders. Which is a good thing, bc you get to see what traders are doing versus what the market is doing.
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Sanrith Descartes
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We really do need to have a few of us get our series 66 licenses and start the FOH Investment House.
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Sanrith Descartes
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True.
It's just really annoying, watching all this. And yes, I pretty much come here to bitch when things go down, I admit it. I haven't actually sold anything. And most of my losers are because my own research sucks, where this thread's research is good, so I shouldn't have trusted my own research at all and I'd be much further ahead.
I don't feel like doing what Sanrith is doing with moves like adding to BA and WYNN at a lower price than what I got in at (220 and 87, respectively). Fuck, it hasn't even been 3 weeks that I was up 5% or something on both of those. I think I'd rather keep what little cash I have in reserve at this point.
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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I’m pretty much just shrugging at this dip. I lowered my 401k contribution for the next 2 checks, but only so I can get myself more guns for my boat juggling hobby for Christmas and still have enough in the Bank to dumpster my Roth Jan first. I won’t quite max out this year’s 401, but close enough.
Sanrith Descartes
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To expand on my moves, I enter positions with either 1/4, 1/2 or a whole position (a whole position being X $$). If I am not 100% sure of my read and the market I may enter with a 1/4 or 1/2 position. That way depending on the stock moves I can add or if I totally blow the call sell for a smaller loss. BA and WYNN were originally 1/4 positions and I have been adding small bits while they move in their troughs.
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Big Phoenix
Pronouns: zie/zhem/zer
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Sanrith Descartes
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LachiusTZ
Rogue Deathwalker Box
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I thought if the underlying stick went up, the put would go down?..
I'm genuinely confused
Sanrith Descartes
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LachiusTZ
Rogue Deathwalker Box
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Does that matter?..
I have SPXU and puts on the same...
Both are up.
The puts I got as a hedge for SPXU grinding downward...
Gravel
Mr. Poopybutthole
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My situation is obviously slightly different compared to you accumulators, but right now we're at about 5-6% cash. Which is the money we'll live off of for 2022. And in 2022 we'll liquidate another 4-5% to cover 2023.
5-6% is higher than we need, but it was because we planned on putting in a fence and sprinkler system for the new house and we're going to wait until next spring for it. We also ended up with some extra cash from things like final paychecks, security deposit refunds, etc.
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Sanrith Descartes
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Yes. You sell puts when you think a stock will move sideways or up. However, when you sell puts in an inverse instrument, you are expecting the price to go sideways or drop. When the S$P goes down (like today), the inverse instrument goes up in value thus moving further away from your strike. This decreases the likelihood of the strike being hit so the value of your position (based on the cost to buy and close decreasing) goes up.
Khane
Got something right about marriage
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My parents opened a UGMA for me years ago with Prudential that they forgot to tell me about until a few months ago. Dealing with Prudential to try to get it moved into solely my name and get online access to it has been a nightmare.
After months of back and forth to actually get my parents names off of it, which can only be done via paper and mail, I now cannot get online access because their system is too stupid to understand that I used to have an employer 401k with them some ~10 years ago and will not let my SS# be tied to anything other than the now defunct 401k which was transferred long, long ago to my Vanguard account. And every time I call them they assure me its fixed and... it isn't.
As soon as this is sorted out I can't move my money somewhere else fast enough.
After months of back and forth to actually get my parents names off of it, which can only be done via paper and mail, I now cannot get online access because their system is too stupid to understand that I used to have an employer 401k with them some ~10 years ago and will not let my SS# be tied to anything other than the now defunct 401k which was transferred long, long ago to my Vanguard account. And every time I call them they assure me its fixed and... it isn't.
As soon as this is sorted out I can't move my money somewhere else fast enough.
LachiusTZ
Rogue Deathwalker Box
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