Investing General Discussion

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Gravel

Gravel

Mr. Poopybutthole
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Mist said:
Guess institutional investors were just sitting on giant piles of money.
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I posted about it about a month ago, but there was a massive institutional buy threshold at I want to say around 4030. Once we hit it, it was off to the races.

I'm still concerned this is just a bull trap, but I'm hoping maybe we can hit something like 4200 by the end of the year.
 
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Mist

Mist

REEEEeyore
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Time to start thinking about harvesting one of these losses for tax purposes. Any suggestions? Does it even matter? Also #lossporn

1669846943630.png
 
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Mist

Mist

REEEEeyore
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Sanrith Descartes said:
How much realized gain are you looking to offset? And I cant believe you didnt take the profits from INTC way back when.
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At least it pays dividends. But yeah, that was real dumb.

Looking to offset about 17k in realized gains from the AVYA YOLO plus other stuff. More if I sell my SPY...
 
Sanrith Descartes

Sanrith Descartes

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Mist said:
At least it pays dividends. But yeah, that was real dumb.

Looking to offset about 17k in realized gains from the AVYA YOLO plus other stuff. More if I sell my SPY...
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Honestly most of those stocks are decent and I wouldnt harvest them. I think crypto is ass, but there are enough retards that it might make another run at some point.
 
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Mist

Mist

REEEEeyore
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Sanrith Descartes said:
Honestly most of those stocks are decent and I wouldnt harvest them. I think crypto is ass, but there are enough retards that it might make another run at some point.
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I dunno if Greyscale will ever recover. It's on the list of the next victims after FTX and BlockFi.

Gonna give it a week or so to see if it even comes back up to 8 or 9.
 
Sanrith Descartes

Sanrith Descartes

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Mist said:
I dunno if Greyscale will ever recover. It's on the list of the next victims after FTX and BlockFi.

Gonna give it a week or so to see if it even comes back up to 8 or 9.
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Ill he honest, i am not 100% sure the crypto count as offsets. I am pretty sure they do without looking it up, but i made money on my BTC trades so never had to look up treatment of crypto losses.
 
Mist

Mist

REEEEeyore
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Sanrith Descartes said:
Ill he honest, i am not 100% sure the crypto count as offsets. I am pretty sure they do without looking it up, but i made money on my BTC trades so never had to look up treatment of crypto losses.
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It's not crypto, it's shares in a trust that buys crypto, so it's not like buying actual tokens, it's just an OTC stock.
 
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Sanrith Descartes

Sanrith Descartes

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JEPI went ex-dividend today at $0.6104 . That's a dividend yield of 10.60%. JEPI is a premium income generator via equities. Top ten holdings are:

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Thanks Blazin Blazin for turning me on to this last year. It has been a solid fit for my mom's fixed income portfolio.
 
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karma

karma

Molten Core Raider
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I need to learn to pay attention to dates lol, I moved some money into an account the other day and bought some JEPI this morning. JUST in time to miss the dividend :( guess I shouldnt have put it off last night!
 
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Sanrith Descartes

Sanrith Descartes

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karma said:
I need to learn to pay attention to dates lol, I moved some money into an account the other day and bought some JEPI this morning. JUST in time to miss the dividend :( guess I shouldnt have put it off last night!
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luckily its a monthly payout (like a bond).
 
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Sanrith Descartes

Sanrith Descartes

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Every little bit helps.

www.reuters.com

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc , the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.
www.reuters.com www.reuters.com
 
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Sanrith Descartes

Sanrith Descartes

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You know your stocks have been in the toilet for a while when a couple of good days and you start seeing all these 13 week highs popping.

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Falstaff

Falstaff

Ahn'Qiraj Raider
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Sanrith Descartes

Sanrith Descartes

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"
In terms of the market's reaction to the headline jobs print, this is what Goldman expects:

  • >261k (aka higher than last print) S&P down at least 2%
  • 175k – 261k S&P down 1 – 2%
  • 125k – 175k S&P up 50bps - 1%
  • 0 – 125k S&P up 1 - 2% <0 S&P down 1 – 2% on R word fears"



And down the toilet we go...

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