Investing General Discussion
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Jysin
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Next week should be interesting. 1 year since the market bottom and JPow firing up the money printing machine.
I am quite curious how those who bought in at the bottom on the Fed news will react once those investments hit the Long Term Capital Gains rate. Not sure how much / if any profit taking selling we are going to see.
I am quite curious how those who bought in at the bottom on the Fed news will react once those investments hit the Long Term Capital Gains rate. Not sure how much / if any profit taking selling we are going to see.
Sanrith Descartes
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Serious question: would you own stock in a company if they decided to buy BTC with their cash and put it on their books. The concern I see is two-fold. First what if BTC crashes. More importantly though, what happens when investors or institutional investors like pension funds sue the company after BTC crashes and accuses them of failing in their fiduciary duty to the shareholders. This type of action hasn't been seen in court yet. There is potential risk that is hard to model. How about the risk that ours or another major government bans crypto.
Obviously there is the flip side that BTC goes to a million $$ and they look like geniuses.
Obviously there is the flip side that BTC goes to a million $$ and they look like geniuses.
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Falstaff
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I guess for me it depends what they are going to do with the cash... err BTC. Just sit on it? Even if it goes to the moon.
I almost said being cash rich is pointless but then I remembered Apple... still not sure what it's doing for them, but it certainly isn't hurting their stock price.
LachiusTZ
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Do you two have the same opinion for corps that own stocks?
Going to guess no...
Like any company that is not holding cash but instead heavily investing, it would depend on cash flows and how dependable it is.
Great cash flow, and guaranteed great cash flow, it wouldn't bother me.
Little to no cash flow, or fickle cash flow?... I'd be concerned.
Going to guess no...
Like any company that is not holding cash but instead heavily investing, it would depend on cash flows and how dependable it is.
Great cash flow, and guaranteed great cash flow, it wouldn't bother me.
Little to no cash flow, or fickle cash flow?... I'd be concerned.
Rajaah
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Put $700k in Ethereum, stake it, and live off of the 10% interest per year. Keep the other $309k for other things / backup / stocks.
I have no idea if this krazy plan would actually work.
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Sanrith Descartes
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You're dad is doing the correct thing. talking to a pro. Just hope the pro is competent.
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Blazin
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most advisors are scummy ass fucks who just put you into loaded investments and know jackshit about the market.
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Sanrith Descartes
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That is why I added the last part. The problem is most layman don't have the skills to take that kind of cash and do something proper with it. It's one reason I am sitting for my series 66 after I finish my MBA this summer.
Did I ever mention the reason I manage my mom's portfolio is one day I found out her Merrill "advisor" had place her (in her 70's) into emerging market bonds? What a piece of shit he was.
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Gravel
Mr. Poopybutthole
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I learned that lesson the hard way. Granted, the stakes were relatively low as it was basically during our 20's and with under $100k.
But we had everything in Edward Jones who unfortunately are probably the worst. People mentioned American Funds the other day, well, that's what we were in! They had something like a 5% front load on them, plus something awful like in the 1%+ for annual fees range. Even worse, I can't remember if we just bounced around different advisors (because they were moving elsewhere) or they just advised we change funds, but we ended up changing funds several times to rack up even more fees.
The sad part is managing a portfolio of $10M shouldn't really be any different from $10k for most long term investors. You set an asset allocation, find the lowest cost index/ETF, and you stick to it.
The financial services industry wants people to think it's super complicated (and they've convinced most people) and you absolutely need their help. But for the most part, they underperform before you even consider their cut.
But we had everything in Edward Jones who unfortunately are probably the worst. People mentioned American Funds the other day, well, that's what we were in! They had something like a 5% front load on them, plus something awful like in the 1%+ for annual fees range. Even worse, I can't remember if we just bounced around different advisors (because they were moving elsewhere) or they just advised we change funds, but we ended up changing funds several times to rack up even more fees.
The sad part is managing a portfolio of $10M shouldn't really be any different from $10k for most long term investors. You set an asset allocation, find the lowest cost index/ETF, and you stick to it.
The financial services industry wants people to think it's super complicated (and they've convinced most people) and you absolutely need their help. But for the most part, they underperform before you even consider their cut.
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Sanrith Descartes
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95% of people can be put on a very simple long term investing strategy. There are lots of flavors to choose from but they all get to the same spot. Some flavors may out perform others on any given year but at the end they should all end up pretty close. For example the Boglehead 3-fund ETF portfolio (US total market, US total bond, intl all market ex-US (ITOT, AGG and IXUS
is fine for lots of folks. WallStreeters will tell you it's way more complicated though.
So in hindsight
Tmac
let him talk to a professional and then ask us before he actually does or signs anything.
is fine for lots of folks. WallStreeters will tell you it's way more complicated though. So in hindsight
Tmac
let him talk to a professional and then ask us before he actually does or signs anything.- 1
Big Phoenix
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Absolutely nothing shady or suspicious here!
markets.businessinsider.com
'Big Short' investor Michael Burry says he'll stop tweeting after SEC regulators paid him a visit
The Scion Asset Management boss has tweeted about market bubbles and criticized Tesla, bitcoin, Robinhood, and the GameStop buying frenzy this year.
markets.businessinsider.com
Sanrith Descartes
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The only thing more corrupt than the Mob is the gubmint.Absolutely nothing shady or suspicious here!
'Big Short' investor Michael Burry says he'll stop tweeting after SEC regulators paid him a visit
The Scion Asset Management boss has tweeted about market bubbles and criticized Tesla, bitcoin, Robinhood, and the GameStop buying frenzy this year.
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Sanrith Descartes
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Here is one to blow your mind on a Sunday night. If you invested in CCIV 3 months ago vs BTC you would have almost identical returns.
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Sanrith Descartes
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Sanrith Descartes
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To be honest I see this as a short term (relative) stall in tech. Vice-versa the move up in oil. The time to cut one and add the other is already gone I think.
Sanrith Descartes
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