Investing General Discussion

Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,738
131,318
Speaking of indexes, an often overlooked index is the SPYG. S&P 500 growth index. Net fee is 0.04% and it outperformed the SPY over the last 6 months by about 1% and lagged the QQQ by about 2.5%. It has 250 or so companies and unlike the QQQ give exposure to financials. It also has a little less weighting to the bigs at the top due to having more companies. It stayed neck and neck with QQQ until the election when the lack of value companies created a little drag. Just another low cost index option.

1609454931523.png
 
  • 2Like
Reactions: 1 users
Wingz

Wingz

Being Poor Sucks.
13,748
42,892
My biggest holding GNOG has Nose Dived from 27.00 to 19.70 in just a few days but my by in price is around 13 and this was always a year + hold for me anyway..just sucks to end the year on that dip. They are always profitable and will be in more states I believe in the upcoming year(s) which means more incoming revenue.

TRIT took a dump today too.

Winners for me are SBE, MP, NNDM and FCEL and WKHS.
 
TJT

TJT

Mr. Poopybutthole
<Gold Donor>
44,086
115,441
Blazin said:
Glad to be of assistance, you're welcome and congrats on a great year
Click to expand...
I don't do any of what you do man but I truly appreciate all of your insight. A simple thank you is not enough. Let me venmo you a beer sometime. Sanrith Descartes Sanrith Descartes too for keeping the thread going come hell or high water.

This thread in general is right far more often than it is wrong so all of you lurkers take that into account. Seriously, run the numbers. I'd say 80/20 in this threads favor is ballpark.

This was the first year I have ever taken any profits on anything. I've made my value from luck on buying in and holding forever. But this was as a single man who didn't really need anything. I'd say the biggest lesson I've learned in 2020 is that I should take profit off the table from time to time. So thanks fags!
 
  • 6Like
Reactions: 5 users
Vepil

Vepil

Gamja
<Bronze Donator>
5,886
24,740
This might be my first post here but I read this thread all the time. Thanks to everyone else that posts, I have learned a ton and finished the year at 34.6% profit. I really appreciate the effort you guys go to in explaining things makes it very easy to pick up.
 
  • 3Like
Reactions: 2 users
Caliane

Caliane

Avatar of War Slayer
15,905
12,553
I didn't read this thread, and didn't do anything.
I had a 26% ytd roi on my mutual funds.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,738
131,318
Caliane said:
I didn't read this thread, and didn't do anything.
I had a 26% ytd roi on my mutual funds.
Click to expand...
This is an important fact. It is difficult to beat the average market return. Many people try and fail. Fewer still can do it over many years.
 
LachiusTZ

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
14,472
27,162
I turned 12k in Jan and 45k in May into 120k.

2021 I’m going to pick up a cocaine habit.
 
  • 4Like
Reactions: 3 users
Hateyou

Hateyou

Not Great, Not Terrible
<Bronze Donator>
17,741
47,872
Had a good year too. Have to sit down and really figure out how much I made in my investment account. Didn’t make any amazing moves like I did with 401k, but didn’t make any terrible ones either. Biggest mistakes was not holding a few that blew up like AMD, CLSK. Still sold at profit but would have had a lot more if I held.

Big win was in my 401k. Moves things to safety the day before the crash, moved it back when we cratered. Could have done better by moving it ALL back when it cratered but I did it over 2-3 weeks as it was going back up cause I was still nervous. Still, did amazing and doubt I’ll ever see that again in my life. Almost 50% in a year ><

7C68F302-BDD2-47FE-B88E-C2CCB05F8BC6.jpeg

Thanks to all that post in here that are way more knowledgeable than I am. It gets WSBlike in here at times but not to the YOLO retarded level they do. It’s like an adult WSB or something and not pressuring people into doing stupid shit.
 
  • 2Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,738
131,318
Hateyou said:
Had a good year too. Have to sit down and really figure out how much I made in my investment account. Didn’t make any amazing moves like I did with 401k, but didn’t make any terrible ones either. Biggest mistakes was not holding a few that blew up like AMD, CLSK. Still sold at profit but would have had a lot more if I held.

Big win was in my 401k. Moves things to safety the day before the crash, moved it back when we cratered. Could have done better by moving it ALL back when it cratered but I did it over 2-3 weeks as it was going back up cause I was still nervous. Still, did amazing and doubt I’ll ever see that again in my life. Almost 50% in a year ><

View attachment 326478

Thanks to all that post in here that are way more knowledgeable than I am. It gets WSBlike in here at times but not to the YOLO retarded level they do. It’s like an adult WSB or something and not pressuring people into doing stupid shit.
Click to expand...
I think one of the tricks to succeeding is accepting the fact that there is more than one path to making money. If Fred makes 30%, John makes 35% and you make 32% all using a different investing philosophy, does it really matter? Min/Max is great, but at some point as long as Fred is happy making 30% his way and you are happy making 32% your way, does it really matter than John made a few more % gain?
 
LachiusTZ

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
14,472
27,162
Sanrith Descartes said:
I think one of the tricks to succeeding is accepting the fact that there is more than one path to making money. If Fred makes 30%, John makes 35% and you make 32% all using a different investing philosophy, does it really matter? Min/Max is great, but at some point as long as Fred is happy making 30% his way and you are happy making 32% your way, does it really matter than John made a few more % gain?
Click to expand...

Yes.
 
Caliane

Caliane

Avatar of War Slayer
15,905
12,553
Sanrith Descartes said:
This is an important fact. It is difficult to beat the average market return. Many people try and fail. Fewer still can do it over many years.
Click to expand...
yeah. I had meant it entirely as snark. but basically regretted it immediately.

Wheres the shame in making an additional 10-25% over that? its only a matter of time/effort. if you put in alot of stress, time and work into another 5-10%, that might be bad, but otherwise.. yeah, I'd be pretty ok with another 20%..
And, yes, it could just be a baseline to put investment strategies into context versus a decent general managed mutual fund.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,738
131,318
Caliane said:
yeah. I had meant it entirely as snark. but basically regretted it immediately.

Wheres the shame in making an additional 10-25% over that? its only a matter of time/effort. if you put in alot of stress, time and work into another 5-10%, that might be bad, but otherwise.. yeah, I'd be pretty ok with another 20%..
And, yes, it could just be a baseline to put investment strategies into context versus a decent general managed mutual fund.
Click to expand...
My current philosophy is that a mix of individual stocks and index funds provides the best consistency in return over a long time horizon. Let the indexes (SPY, QQQ etc) give you the market diversity and consistent return and supplement it with some core stocks that I feel will outperform. Since they are also in the indexes it is basically going "overweight" those stocks. If I am wrong on one or two of them, the negative impact overall to the portfolio is minimized. I tend to run about 50% in index ETFs.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,738
131,318
Twitter is a cesspool, but there is some shit worth following. I have followed Ramp Capital for a while for the humor. This poll portfolio was a trip to watch unfold.

finance.yahoo.com

How a weekly Twitter poll crushed the S&P 500 in 2020

At the beginning of 2020, Ramp Capital — one of Finance Twitter’s biggest anonymous accounts — set out to run an experiment: What happens when you put up $10,000 of your own money and ask more than 190,000 followers on Twitter to vote on a stock to buy or sell each week?
finance.yahoo.com finance.yahoo.com
 
  • 2Like
Reactions: 1 users
Locnar

Locnar

<Bronze Donator>
2,848
3,165
Question on the premium when selling covered calls. When do you take possession of the premium? The day the contract is sold or the day of expiry?

Second question. When selling covered call LEAPS, if the strike hits and your stocks get called away to their new owner, the expiry day of the LEAP is considered the sell date for short/long term cap gains and tax year right?

What I'm thinking is this: I have a mess of PLTR shares that i've committed to hold onto at least until the 1 year mark (which will be Oct 1st). I'm thinking of, next time the price spikes, to sell November covered calls on them because the premium will be insane and if they get "called away" for 5x or 6x what I bought, at long term cap gains rate, that can't be considered a shame.

Downside is if it goes way beyond the strike. Upside is it locked the shares down until after they become long term investments, preventing me from becoming weak when/if it does hit 4x or more my cost basis (hell they've already hit 3x what I've paid in the recent past) and selling early and incurring short term cap gains + breaking my "plan" to hold a year.

How does this strategy sound? I'm really liking the whole covered calls and selling puts angle , for when you have specific time ranges in place anyways.
 
Last edited:
You must log in or register to reply here.