OT: Stock trading

[UConnSwag11]

SPY ripping

 

[superjohn]

I couldn't agree more. I love driving, and I still miss driving a stick. The more engaged the better imo. This is exactly the opposite.

But we are increasingly dinosaurs; the vast majority of my kids' generation has very little interest in driving.

Yep, they're building apartment buildings near me with zero parking.

 

[HuskyCLT]

Not on Coinbase. Anybody have suggestions where to buy these?

Voyager for OCEAN, I think kucoin/bitrue and a swap for raven last I checked. Do your DD with those to see if you want to get them

Kraken carries OCEAN also

 

[Dogdeacon]

I couldn't agree more. I love driving, and I still miss driving a stick. The more engaged the better imo. This is exactly the opposite.

But we are increasingly dinosaurs; the vast majority of my kids' generation has very little interest in driving.

Not true in the MA burbs. My son is 5 months into his license and has driven more than I did in my first 1.5yrs. With the >17 no passenger laws they caravan to games, fast food joints and various houses. Preachin' & Prayin' for carefulness.

 

[8893]

Not true in the MA burbs. My son is 5 months into his license and has driven more than I did in my first 1.5yrs. With the >17 no passenger laws they caravan to games, fast food joints and various houses. Preachin' & Prayin' for carefulness.

I'm sure there are exceptions everywhere; and I'm guessing--in general--that boys are somewhat more inclined than girls. I have three daughters and each has been a bit different with respect to attitudes about driving, but it would hard for any of them, or your son, to compete with the amount of driving I did as a kid. I got my license as soon as possible and bought my own car soon thereafter. Drove a half hour each way to school; and then to and from work; and then out for the night. I bought and sold more than a half dozen cars by the time I was out of law school and drove across the country four times during that time--driving every single mile myself.

It's a good thing that kids have so many other options these days; I shudder to think about the conditions under which I drove much of the time back then. But it's also true that the vast majority of kids now have much less experience driving as a result, and I see the consequences on the road every day.

 

[Jaker]

our infrastructure can't handle the change the ESG movement wants to happen. I've also listened to podcasts and read threads saying the autonomous driving isn't possible right now or at least what Tesla claims.

Side note: the ESG is going to be devasting as they move to completely destroy traditional energy

YUP, in Cali the electrical infrastructure is a joke

 

[temery]

Not true in the MA burbs. My son is 5 months into his license and has driven more than I did in my first 1.5yrs. With the >17 no passenger laws they caravan to games, fast food joints and various houses. Preachin' & Prayin' for carefulness.

Insurance must be brutal.

 

[HuskyHawk]

I'm sure there are exceptions everywhere; and I'm guessing--in general--that boys are somewhat more inclined than girls. I have three daughters and each has been a bit different with respect to attitudes about driving, but it would hard for any of them, or your son, to compete with the amount of driving I did as a kid. I got my license as soon as possible and bought my own car soon thereafter. Drove a half hour each way to school; and then to and from work; and then out for the night. I bought and sold more than a half dozen cars by the time I was out of law school and drove across the country four times during that time--driving every single mile myself.

It's a good thing that kids have so many other options these days; I shudder to think about the conditions under which I drove much of the time back then. But it's also true that the vast majority of kids now have much less experience driving as a result, and I see the consequences on the road every day.

Yeah, I’m in the MA burbs like @Dogdeacon and my daughter did get her license and does drive here and there, mostly to Chipotle and Patriot Place, but she sure doesn’t drive for the sake of driving like I did as a kid. Manchester had a crazy big car culture though. The MHS parking lot was like going to a classic car show. She did have a fairly long commute to Bishop Feehan high school several towns away, but Covid meant that she didn’t do it nearly as often as we expected.

 

[Jaker]

Insurance must be brutal.

People getting Rek'td on homeowners insurance in Cali because of the fire danger. Many people have seen their insurance triple, or they get dropped.

 

[upstater]

Just got in on Crowdstrike CRWD at 254.

 

[Da_Aisijimo_Gou]

Just got in on Crowdstrike CRWD at 254.

Added some back near today's bottom -12.75% after just taking half of LT profits in Roth near Wednesday's year-high 298ish. Also, added each recent time at/below 248. Even with today's all-cash SecureCircle aquisition annnouncment (4Q closing) and downgrades (MS to $247, Mizuho to $330), breakeven's baked in and expect favorable earnings (12/1 AH).

 

[HuskyHawk]

My recent adds last week on dips. Decided I was holding too much cash in this environment.

FB - up nicely, over 5%
DIS - Down but it will come back
SQ - have been trying to get in for some time, dip was an opening. Up.
VSQTF - Long term higher risk bet in my Roth. Up.
GOOG - replacing Lockheed in IRA
COIN - up 2%
OFSTD - long term risky flyer. Carbon offsets are going to be huge. Level.

 

[StllH8L8ner]

DPLS with a nice pop today.

 

[Scud49]

Die shorties die - very interesting summary of all the hedge fund managers that have shorted Tesla over the past few years and how they are doing today. Hint: not good.

 

[Scot-e]

Voyager for OCEAN, I think kucoin/bitrue and a swap for raven last I checked. Do your DD with those to see if you want to get them

gate.io has Ocean as well.

 

[Da_Aisijimo_Gou]

DPLS with a nice pop today.

infrastructure bill

 

[HuskyHawk]

Die shorties die - very interesting summary of all the hedge fund managers that have shorted Tesla over the past few years and how they are doing today. Hint: not good.

I casually know a guy at a fund that was shorting Tesla for years. It was highly valued, unprofitable and reliant on federal tax incentives that were expiring on its cars and not on those from Toyota, Hyundai, BMW, Ford etc. It was a rational position. But then, putting big money on an online book store didn't seem like a great bet. Or a company shipping DVDs in mailers. Or a PC company that was finding its core products couldn't compete with Windows PCs. All three were big winners as physical went digital...shopping, ebooks, movies, music (the iPod saved Apple).

With Tesla, you're investing in vision. You're expecting that Elon sees something and can execute to it. It helps that the cars now make money and demand is high.

 

[Jaker]

Rivian nice momentum, but with options opening, the flush may be imminent.

 

[B1GEast]

Rivian nice momentum, but with options opening, the flush may be imminent.

I still believe that a correction will happen, no way to time it, but I think Riv has some legs. I think if/when there is profit taking, I might just leave it alone. Getting greedy might keep you on the sideline if it bounces back faster than you can jump back in

 

[Da_Aisijimo_Gou]

I still believe that a correction will happen, no way to time it, but I think Riv has some legs. I think if/when there is profit taking, I might just leave it alone. Getting greedy might keep you on the sideline if it bounces back faster than you can jump back in

Expect some reasonable RIV correction from level now exceeding VW's cap. Picked target limit buys. Likely switch to calls as available. If opportunity's missed, still indirectly hold some RIV via ETFs and AMZN and F. On VW pull backs, been adding to perceived reasonably-valued VWAPY (VW).

Related, hold TSLA bought just after SARS-2 crash. Before this month's all-time highs, had only sold a bit to guarantee breakeven. Now researching hydrogen power and EV battery (HW and Serah Williams) possibilities for anticipated correction opportunities. Ideas anyone?

 

[HuskyHawk]

Expect some reasonable RIV correction from level now exceeding VW's cap. Picked target limit buys. Likely switch to calls as available. If opportunity's missed, still indirectly hold some RIV via ETFs and AMZN and F. On VW pull backs, been adding to perceived reasonably-valued VWAPY (VW).

Related, hold TSLA bought just after SARS-2 crash. Before this month's all-time highs, had only sold a bit to guarantee breakeven. Now researching hydrogen power and EV battery (HW and Serah Williams) possibilities for anticipated correction opportunities. Ideas anyone?

Honda has been trying to make Hydrogen a thing for a long time. It's part of why they were so late to hybrids. I just don't know if anybody is going to crack it, and if they do, who builds out the refueling infrastructure? I'm still waiting for gas stations to add EV charging but they haven't.

I'm avoiding the whole car space for now, except exposure via ARK funds. Volatile.

 

[DaddyChoc]

My recent adds last week on dips. Decided I was holding too much cash in this environment.

FB - up nicely, over 5%
DIS - Down but it will come back
SQ - have been trying to get in for some time, dip was an opening. Up.
VSQTF - Long term higher risk bet in my Roth. Up.
GOOG - replacing Lockheed in IRA
COIN - up 2%
OFSTD - long term risky flyer. Carbon offsets are going to be huge. Level.

How many stocks should you have in an Roth IRA, and normally which should you have in your IRA Portfolio and how often should you add to it? I’m trying to figure out the purpose of having a IRA when most of us already have 401ks or regular stock trading platforms?

 

[I Bleed Blue]

How many stocks should you have in an Roth IRA, and normally which should you have in your IRA Portfolio and how often should you add to it? I’m trying to figure out the purpose of having a IRA when most of us already have 401ks or regular stock trading platforms?

It’s always good to have an IRA in addition to a 401k, 403b, etc. It’s another tax advantaged retirement account that usually has more flexibility and investment options than a typical work provided 401k. You can read more here…

Roth IRA: What It Is and How to Open One

Discover what a Roth IRA is and how it works, including income-based eligibility and tax-free growth, and why it may be ideal if your tax rate is higher in retirement.

www.investopedia.com

Personally I fund my IRA monthly up to $6k annual limit. Allocations are up to the investor and their personal risk tolerance but you can hold index funds, etfs, reits, individual stocks and more in there. I am much more aggressive in my Roth IRA than my 401k (strictly index and mutual funds) with some trading and significant crypto exposure percentage wise via GBTC and ETHE.

 

[HuskyHawk]

How many stocks should you have in an Roth IRA, and normally which should you have in your IRA Portfolio and how often should you add to it? I’m trying to figure out the purpose of having a IRA when most of us already have 401ks or regular stock trading platforms?

I loosely agree with what Genevieve Roch-Decter says, which is allocate about 80% of equity assets to large caps in core industries. S&P 500 indexes and other ETFs plus individual stocks, like Exxon, Pepsi, Disney, Lowes/HD. Allocate 20% to higher risk, higher reward flyers. Grit Capital – With Genevieve Roch-Decter

For me, that 20%, or as much of it as I can get, goes in my Roth. If you're going to have something take off and go up 2000%, you don't want to pay taxes on those gains. Ever. Several years ago I bought a bunch of Amazon in my Roth, still have some but I took some profits. I bought Apple there too, currently up 429%. I can no longer put any money in my Roth, but if you can, max it.

With a Traditional IRA or 401k, taxes on gains are deferred until withdrawal. This is nice, because you hopefully pay those taxes later when you aren't working. With a Roth it is tax free. So I'd never, ever put a bond fund or some low growth, low risk asset in a Roth.

 

[the Q]

It’s always good to have an IRA in addition to a 401k, 403b, etc. It’s another tax advantaged retirement account that usually has more flexibility and investment options than a typical work provided 401k. You can read more here…

Roth IRA: What It Is and How to Open One

Discover what a Roth IRA is and how it works, including income-based eligibility and tax-free growth, and why it may be ideal if your tax rate is higher in retirement.

www.investopedia.com

Personally I fund my IRA monthly up to $6k annual limit. Allocations are up to the investor and their personal risk tolerance but you can hold index funds, etfs, reits, individual stocks and more in there. I am much more aggressive in my Roth IRA than my 401k (strictly index and mutual funds) with some trading and significant crypto exposure percentage wise via GBTC and ETHE.

The arbitrary 6k is ridiculous and should be getting annual raises. We should be way above that at this point