Sanrith Descartes
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I like ITOT a lot as it gives some exposure to the smalls and mids that SPY doesnt. And its basically free.
Investing General Discussion
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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!
Sanrith Descartes
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Closing out my PLTR covered calls for breakeven. Earnings is on Monday and my intention was to out of the play before earnings. I did not see this ramp up to 20+ coming and I am happy to be out for free. This price action is a perfect setup to moon if they can smash earnings and continue their run of being profitable.
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Sanrith Descartes
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Paper-handed my NVDS calls for 70 cents. Probably the wrong move but what I think logically should happen with NVDA and what I think will happen with NVDA is two different things. I will take my shitty little profits and walk away.
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I had 401ks at three different places at the beginning of this year due to changes in employers I've done over the last decade. Finally got them all put into my current employer's 401k plan. For me each time I just had the current employer's 401k support people I called (Fidelity) walk me through it. The closest I came to ever taking possession of the funds was that they sent me a check which had Fidelity listed on it, I took pictures of the front and back of said checks and dropped them in the Fidelity gateway and poof. Done.
I know someone who screwed this process up and ended up actually paying taxes on the funds and it was a monumental nut kick and source of depression for him for a year or two afterwards.
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So my worry of the day....
My company moved our earnings announcement forward, but is also extending it to 2 hours of analyst call time. This right after a competitor announced earnings and tanked so badly they had to downward revise guidance for the entire next year, so the market is punishing everybody in our market segment this week over it. I haven't heard anything that would indicate we're also going to post crap earnings (but I'm also not in a position to be handed anything which would be considered sensitive information from an SEC standpoint on that front). But I'm getting an ominous bad feeling in my "Worst Case Scenario" gland.....
My company moved our earnings announcement forward, but is also extending it to 2 hours of analyst call time. This right after a competitor announced earnings and tanked so badly they had to downward revise guidance for the entire next year, so the market is punishing everybody in our market segment this week over it. I haven't heard anything that would indicate we're also going to post crap earnings (but I'm also not in a position to be handed anything which would be considered sensitive information from an SEC standpoint on that front). But I'm getting an ominous bad feeling in my "Worst Case Scenario" gland.....
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fris
Vyemm Raider
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why not roll it into an ira? wouldn't moving from one 401k to another just retain the limited investment options vs anything ?
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Sanrith Descartes
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Yeah, the law says you have 59 days to take a disbursement and put in in the new retirement account. The good thing about this is it can provide a ton of liquidity if you need access to cash for a "short" amount of time. You can take the disbursement, use it, and then replace it in 59 days. No harm.
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Big Phoenix
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Sanrith Descartes
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AAPL has plunged all the way back to where it was before the July melt-up.
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That's far from the worst chart I've seen this week.AAPL has plunged all the way back to where it was before the July melt-up.
Imagine dropping back to around your June 1st price....- 1
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ShakyJake
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Sold the 200 PUTs I bought last week. Took a gamble on that one. But I just could not see the stock making any more gains after its meteoric rise over the past several weeks. And the odds of blowout earnings were pretty slim IMO.AAPL has plunged all the way back to where it was before the July melt-up.
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Blazin
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With that close we have a decent shot at testing 50d hopefully pajama jerks don't ruin it and happens during normal trading. Bulls want to see SPY 440 area hold, the charts have plenty of room for pullback though, a break of 440 should be enough for the bears to start yelling told you so just in time to miss the bus again.
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Follow-up on that previous post, There is a treasury auction closing on 8/8 for 3-year notes. Face value is 4.5% coupon with the expected yield about 4.39%
Think I am going to grab some.
Now that my house sale closed in NY and I no longer need any cash out of my accounts for my new purchase I am free to start investing it again. Off the sidelines at last.
There is a 10-year auction on 8/9 at 4% a coupon. Some things I like to side with Buffett on and I might piggyback this trade with him.
Think I am going to grab some.
Now that my house sale closed in NY and I no longer need any cash out of my accounts for my new purchase I am free to start investing it again. Off the sidelines at last.
There is a 10-year auction on 8/9 at 4% a coupon. Some things I like to side with Buffett on and I might piggyback this trade with him.
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Blazin
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da fuq Sanrith, fake news up in here. Buffet is buying 3 & 6 month maturities which have fuq all to do with a short of a 30yr. Post fake news again and I shall taunt you a second time. Making me community note you
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Sanrith Descartes
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Don't blame me, Buffett told me he was buying 10's over egg McMuffins last week.da fuq Sanrith, fake news up in here. Buffet is buying 3 & 6 month maturities which have fuq all to do with a short of a 30yr. Post fake news again and I shall taunt you a second time. Making me community note you
Ps.. I still bought some 3-yr and 10-yrs at next week's auction.
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Sanrith Descartes
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