Investing General Discussion
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Blazin
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I sold 1000 shrs of QQQ this morning. This is a tough call for me. We absolutely could go higher here and I have another $800k still holding if we do, BUT if we are in entering a bear market this is the last offramp. I'm too long going into a key inflection point. I try to have enough cash and enough invested that I'm more neutral to outcomes at times like this. I will adjust after the market shows itself and resolves this level. We get back on top of MAs, we break the down trend, then we can start looking higher. We lose this level that doesn't mean crash but it may mean we are trapped in a trading range that could last awhile and it will become more profitable to trade that range than hold through it.
We have been below the 200d for too long, that is not a good thing. Please don't make decisions based on me, as I've said many times I'm IN retirement I live off my assets I'm not still working and saving for a future 10-20 yrs away. So capital preservation is higher priority. If I make another 20% nothing in my life changes, I take a major hit to capital my life changes and that pretty much sums it up. I have no need to make more, I have need to not lose.
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Tredge
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The next 12-18 months will be dicey for sure.
If I were in your position I might do the same. I am 15 years+ from retirement so I have lots of time.
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Kirun
Buzzfeed Editor
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Non-consumeables are going to take a big hit - cheap furniture, kitchen utensils, knick knacks, cheap electronics, cheap plastic shit, etc.
Consumeables I wouldn't really worry about.
If Trump is smart he needs to just cut off their soybean supply. Brazil still isn't a big enough producer to keep their pork industry afloat, which is how they feed the vast majority of their citizens. Plus, you can do all kinds of CIA fuck fuck shit to soft coup in Brazil constantly, making it more difficult on the Chinks.
Sanrith Descartes
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Captain Suave
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Sanrith Descartes
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I agree. The real reason for the pop is the cybercab. Trump's DOT is amending a rule that autonomous driver companies dont have to file for a permit to operate in each state if they have a federal permit approved (or something to that effect). This is a huge boost for TSLA not having to go through 50 states' approval process (especially the ones who no longer like him).
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Sanrith Descartes
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Jysin
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Bullish?
07:41 Global Logistics Updates: Broader market is observing significant negative impact on shipping volumes from China to North America, with 50% cancellations;- Flexport (update) - Source TradeTheNews.com
08:23(CN) China Embassy: China and US not having "any talks" on tariffs; US should stop creating confusion - Source TradeTheNews.com
13:38(CN) US Pres Trump: Reiterates won't drop China tariffs unless they give us something; Opening up China would be a big win; Reiterates that another tariff pause is unlikely - - Source TradeTheNews.com
07:41 Global Logistics Updates: Broader market is observing significant negative impact on shipping volumes from China to North America, with 50% cancellations;- Flexport (update) - Source TradeTheNews.com
08:23(CN) China Embassy: China and US not having "any talks" on tariffs; US should stop creating confusion - Source TradeTheNews.com
13:38(CN) US Pres Trump: Reiterates won't drop China tariffs unless they give us something; Opening up China would be a big win; Reiterates that another tariff pause is unlikely - - Source TradeTheNews.com
Borzak
Silver Baron of the Realm
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I imagine Hobby Lobby would shut down entirely, I've only been in one twice and it seemed like everything in there was super cheap Chinese stuff with a huge markup because it was in a store and presented for the holiday of the season.
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tugofpeace
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Question.. do you think my ESPP program is worth it?
Basically they give 15% match in shares rather than a 15% discount, up to $6k.
So if I put in $40k after tax dollars into company shares, they give me $6k shares. They purchase shares for me on the same day each month, so they don't allow us to purchase when shares are cheap.
Its a pretty stable company and stock, I'm thinking maybe to do $20k for a $3k share match instead.
On the other hand if I wrote TSLA csps all year with $20k, I'm betting I could probably come out ahead..
Basically they give 15% match in shares rather than a 15% discount, up to $6k.
So if I put in $40k after tax dollars into company shares, they give me $6k shares. They purchase shares for me on the same day each month, so they don't allow us to purchase when shares are cheap.
Its a pretty stable company and stock, I'm thinking maybe to do $20k for a $3k share match instead.
On the other hand if I wrote TSLA csps all year with $20k, I'm betting I could probably come out ahead..
Borzak
Silver Baron of the Realm
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I have some silver. I never counted it as an investment. When I got paid I would buy 1oz rounds in X quantity from time to time. Just cause I liked them. I will say with the price of silver being where it is I've thought about selling. It would all sell for just silver price, nothing collectable. I imagine a lot of people as of late have had the same thought with the price of silver being where it is.
Rangoth
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Assuming the company you are part of offering this is not total shit you should absolutely do this. It's not exactly 6k "free money" as you said because stock can go down and you lack a bit of control around the purchasing, but it is still "free stock". So if the company goes up or even stays the same long term it would be worth it.
As for 40k vs. just enough to get matching, that is totally up to you. If they matched nothing would you buy 40k of that stock tomorrow on the open market? If you did how long would you hold it or what would your target be?
Haus
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Do they let you do day of purchase sales? (and do you have to abide any insider trading open/closed windows?) If so, that could be an easy 15% profit in one day functionally. Even sacrificing a third of that to taxes. That's 10%. I'd say do that all the time, then re-invest it into whatever. Or if your company is stable and growing in line with the market that's a free 15% head start on profits.
With my company it's buys every 6 months, on a 2 year window. So when the window starts it marks the price. Then compares that price to market every 6 months and you purchase at 15% off whichever is lower. It's been extremely lucrative for me and I'm just holding all the stock. I know people who just sell everything the day is clears and it's like free money.
Sanrith Descartes
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tugofpeace
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Yea, the idea is that since the contributions are from payroll deductions each month I would be DCAing into the stock so I doubt I would be underwater too often.
They also have a shitty rule where I have to wait three months to sell new shares.. ideally what I would want to do is sell shares as they hit the three month mark. It wouldn't be a long term hold for me. Selling TSLA csps seems much easier
tugofpeace
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Yea unfortunately it's monthly buys for us on the same day each month so no advantage of us getting shares when they are cheapest. Also have to wait three months to sell new shares.
Gravel
Mr. Poopybutthole
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Assuming you're already maxing things like a 401k and IRA (and HSA if it's available and that's a thing you want to do), I'd say it's worthwhile.
My usual problem with them is you're basically going with a "putting your eggs in one basket" strategy by doing so. If your income is tied to the company, and now your investments are too, well, if the company goes under you're just getting extra fucked.
Be wary of how long the money has to remain with them though. My wife did her company's ESOP and we just finally were able to sell it all, 4 years after she left.