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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza

A place to talk about investing stuff.

Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 07-11-2017, 09:04 AM   #1051
Buehler445 Buehler445 is offline
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Originally Posted by RunKC View Post
Met with a financial advisor to talk about my 401k. I'm upping my contribution from 6% to 7 and most likely 8 next year.

Didn't realize that 43% of my 401k was in the company's stock and was actually down for the year.
I think I'm going to roll with a target date fund as it seems more conservative and better planned out. 53% is in that but I'm strongly considering adding far more than 53%.
Right. You should be able to do that no problem. They can't force you to put 401k into company stock. You can thank Enron for the regulations.

I wouldn't do more than 10. They had that at Cabela's when I was there and I figured if they were doing that well, I would be able to extract more money from them through payroll rather than 401k. Whether that's right or not, I don't know. They also had an ESPP that I could get stock at a discount, so I did do some of that.
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Old 07-11-2017, 09:30 AM   #1052
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Originally Posted by RunKC View Post
Met with a financial advisor to talk about my 401k. I'm upping my contribution from 6% to 7 and most likely 8 next year.

Didn't realize that 43% of my 401k was in the company's stock and was actually down for the year.
I think I'm going to roll with a target date fund as it seems more conservative and better planned out. 53% is in that but I'm strongly considering adding far more than 53%.
Target date funds are boring, but as long as they're managed reasonably well, they're a great option. For a while, I just did 100% in a target date fund and left it alone. In theory, that's how they're actually designed to work. If you have a portfolio where you have other stuff going on, it technically messes with your overall allocations. Not a big deal, but I wouldn't ever do like 25% in a target date and then a bunch of other stuff - it defeats the purpose.

Just make sure that the fees (expense ratios) are reasonable. You really shouldn't be paying more than 1% in fees, so if it's much higher than that, you might want to reconsider your options.
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Old 07-11-2017, 04:15 PM   #1053
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Originally Posted by Discuss Thrower View Post
Being honest with TD Ameritrade makes things boring. Can't short anything and can't take options positions that aren't covered.
I'm noticing the same thing.

I wrote them and they have a section where you can apply for higher tier status for options trading other than covered calls. Might require like $2k in a money market it looks like.
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Old 07-11-2017, 05:45 PM   #1054
scho63 scho63 is offline
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Quote:
Originally Posted by Discuss Thrower View Post
Being honest with TD Ameritrade makes things boring. Can't short anything and can't take options positions that aren't covered.
Quote:
Originally Posted by lewdog View Post
I'm noticing the same thing.

I wrote them and they have a section where you can apply for higher tier status for options trading other than covered calls. Might require like $2k in a money market it looks like.

No brokerage firm allows average investors to take unlimited loss positions with shorting stocks or naked call writing without substantial equity of usually $250,000.

Not unusual.
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Old 07-11-2017, 06:56 PM   #1055
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I moved to all treasuries in my IRA

Market gonna correct big time


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Old 07-11-2017, 07:03 PM   #1056
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Originally Posted by scho63 View Post
No brokerage firm allows average investors to take unlimited loss positions with shorting stocks or naked call writing without substantial equity of usually $250,000.

Not unusual.
I wasn't looking to do anything crazy like that but simply place a long call on a stock. A few hundred dollars for the premium. Couldn't lose more than that so I'm not sure why that's not allowed?
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Old 07-11-2017, 07:18 PM   #1057
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Quote:
Originally Posted by scho63 View Post
No brokerage firm allows average investors to take unlimited loss positions with shorting stocks or naked call writing without substantial equity of usually $250,000.

Not unusual.
RJO does in the futures. They make margin calls.
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Old 07-11-2017, 09:30 PM   #1058
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I moved to all treasuries in my IRA

Market gonna correct big time


I'll go back in and buy your shares at a discount
That's it. The world is coming to an end. We actually agree on something.
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Old 07-11-2017, 10:21 PM   #1059
scho63 scho63 is offline
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Originally Posted by Buehler445 View Post
RJO does in the futures. They make margin calls.
The investor has some assets up as collateral such as a home or property. No one is going to let Average Joe get short and take a $500,000 loss with no ability to cover the margin call.
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Old 07-11-2017, 10:24 PM   #1060
scho63 scho63 is offline
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I wasn't looking to do anything crazy like that but simply place a long call on a stock. A few hundred dollars for the premium. Couldn't lose more than that so I'm not sure why that's not allowed?
You were just looking to buy a call? You normally have to file additional paperwork and show you are a sophisticated investor. Then they have to approve you.

If you own a stock and you want to write a covered call option against it, you usually need a margin account. Your position is protected as if your option was executed and called, you have the stock to hand over.
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Old 07-12-2017, 07:58 AM   #1061
Buehler445 Buehler445 is offline
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The investor has some assets up as collateral such as a home or property. No one is going to let Average Joe get short and take a $500,000 loss with no ability to cover the margin call.
Yeah. Maybe since mine are hedges they figure I have the physical grain to cover the position but my account doesn't have any physical collateralization on it.

Speaking of which, I just got my margin call. Yay!!
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Old 07-13-2017, 01:54 PM   #1062
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I'm wondering what everyone thinks about buying Macy's at this price of around $22. It is yielding nearly 7% !!!

I know all about the Amazon effect but I gotta assume at least some of the better retailers will survive.

I think you guys who bought in on "X" in the $20-21 will be happy in another year.
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Old 07-13-2017, 02:02 PM   #1063
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So off topic a bit but I had a pretty good weekend in vegas this past weekend and made out with some cash. How do taxes in that work?
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Old 07-13-2017, 02:06 PM   #1064
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So off topic a bit but I had a pretty good weekend in vegas this past weekend and made out with some cash. How do taxes in that work?
How much cash. At some point, the casino reports those winnings and will have to be listed as additional income. I don't believe the casino taxes the money but they report it, I assume. I've never worried about it but I've never won what I would consider large sums.
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Old 07-13-2017, 02:20 PM   #1065
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I took 2 grand in cash and walked out with 14 g.
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