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!
How far out do you like to go with these? Assuming shorter duration than the ~6 weeks or so you've posted about doing with the individual names.
Blazin
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Collect $1,100 in premium, if assigned would net +$5,900 on the trade for 4 days exposure. The reason to sell CC is to give me some protection on pullbacks. If QQQ pop doesn't hold it lets me claw some gain out of the move.
Blazin
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tugofpeace
Pronouns: zie/zhem/zer
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It kind of sucks starting to average into VTI on my main brokerage account, in this environment. There's not much price fluctuation or dips anymore, so my average is basically close to ATHs.. but as they say, time in the market beats timing the market. Can't do anything about it but I have a nagging feeling of being exposed to a large downward move and losing access to my investment.. then again, I won't touch it for a long time probably.
Blazin
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I'm managing money for someone in this situation, I'm just incrementally buying every SPY dip, avg SPY cost so far I think is $589. So not great but considering started it with SPY over 605 still been nice to get some better prices even if it's not a big %
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Sanrith Descartes
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This doesn't get mentioned enough and needs repeated often. If you are investing for the long term, you don't need to be a min/maxxer. And this is especially hard for old gamers to wrap their heads around. Over 10, 20 or 30 years in a position, the difference between waiting for the ideal dip to buy vs just DCA on the dips will be close to non-existent.
Cad
scientia potentia est
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I just buy about $20k of VTI every month, never sell. Last time I pulled from my holdings was like 2015. I love reading this thread but the way you guys trade would give me ulcers.
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It boils down to time. Let's say you make a choice that appears to purchase at a colossal 5% off what would be optimal with perfect knowledge. If you just wait an extra six months to withdraw on the back end that all washes out.
In reality, of course, the suboptimality of DCA purchasing is rarely even close to that level at its worst, and over a timeframe of decades you'd be hard-pressed to find the difference with a spreadsheet.
Blazin
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You've done a great job and it deservers recognition, it's easy to say "I did nothing" but its not emotionally easy to passively invest and you stuck with it over a long period and difficult times. Vanguard /Bogle approach was built on this (pre target date funds that are the devil) and Vanguard repeatedly has shown that despite believing in that philosophy very few investors actually follow through on it. You also showed restraint in not wasting that $20k/m on bullshit which would have been easy to do. Active trading gives this thread some activity in between the I need help with my 401k questions but I hope it never losses dedicated passive index vesting as its core message for long term success.
On a good market month I sometimes think, man Cad probably made a ridiculous killing this month and probably hasn't even looked at it, Khane, Gravel as well.
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Sanrith Descartes
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Sanrith Descartes
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Khane
Got something right about marriage
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Cad
scientia potentia est
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I look at the percentages but not the dollar amounts usually since it isn't "real" money yet. At least I try not to think of it as real money.You've done a great job and it deservers recognition, it's easy to say "I did nothing" but its not emotionally easy to passively invest and you stuck with it over a long period and difficult times. Vanguard /Bogle approach was built on this (pre target date funds that are the devil) and Vanguard repeatedly has shown that despite believing in that philosophy very few investors actually follow through on it. You also showed restraint in not wasting that $20k/m on bullshit which would have been easy to do. Active trading gives this thread some activity in between the I need help with my 401k questions but I hope it never losses dedicated passive index vesting as its core message for long term success.
On a good market month I sometimes think, man Cad probably made a ridiculous killing this month and probably hasn't even looked at it, Khane, Gravel as well.