Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Buehler445]

Huh. I had no idea Abercrombie boarded a rocket ship.

WTF did they do so right? Go to an all-internet setup or something? I looked on their website, and it sure looks like a bunch of generic overpriced young people stuff. That's ****ing incredible.

Well done on that one. That wasn't even in the neighborhood of my radar.

[Rain Man]

Originally Posted by lewdog

Great analysis, Rainman! You beat the index which is hard to do in an up year. Great ****ing job, you hit some big winners.

My total investment accounts were up 25% for the year, which sits right about at the index.

I was apparently a bit overweighted in Nasdaq stocks.

I was trying to find my summary last year, and was pretty sure I'd done it, but I don't see it. Maybe I was too depressed.

I figured I was mostly just getting back last year's losses, but it looks like last year I was only down 11 percent by year end. That's way better than I thought. So 2023 really put me ahead of the game.

[Rain Man]

Originally Posted by Buehler445

Huh. I had no idea Abercrombie boarded a rocket ship.

WTF did they do so right? Go to an all-internet setup or something? I looked on their website, and it sure looks like a bunch of generic overpriced young people stuff. That's ****ing incredible.

Well done on that one. That wasn't even in the neighborhood of my radar.

It's been probably three or four years since I read the article. I don't remember exactly, and I have no expertise in retail to even understand, but it seemed like stuff that a retailer should always do. I think it was stuff like reorganizing their floors, shutting some underperforming stores, and backroom stuff like inventory systems. I just remember the article saying that they were going to take some hits in the short term, but they were going to pay off in the long term. I'd taken a hit on it, but I decided to hold it and got rewarded handsomely this year. In the short term, I guess their sales and profits and forecasts have been great, so the changes have had tangible results.

I don't remember how long ago he left, but it helped that they got rid of a moronic CEO. The guy flat-out said that they sized their clothes so that overweight people couldn't buy them, because they wanted to be the brand that only cool people wore. Now, maybe that's a viable strategy and maybe it isn't, but you sure as heck don't tell the public about it. It caused a big kerfluffle and the brand started going down the tubes. A new CEO came in who is apparently very knowledgeable and well regarded, and she reversed it and made the changes that are now well regarded.

Heh. Wikipedia has the quote that got the old CEO fired.

That's why we hire good-looking people in our stores. Because good-looking people attract other good-looking people, and we want to market to cool, good-looking people. We don't market to anyone other than that. ... In every school there are the cool and popular kids, and then there are the not-so-cool kids. Candidly, we go after the cool kids. We go after the attractive all-American kid with a great attitude and a lot of friends. A lot of people don't belong [in our clothes], and they can't belong. Are we exclusionary? Absolutely.

[Rain Man]

Originally Posted by Hog's Gone Fishin

Guess what Rainman ????

2024 is going to be even better. Hang on tight!

If 2024 is better than 2023, I'll be able to buy my own fork and spoon. No more ordering Chinese just to get the chopsticks.

[Buehler445]

I hadn't seen this anywhere and thought it was pretty interesting.

[Rain Man]

So I have a $200,000 error in my favor right now, or kind of.

I bought a $2,000 CD a while back, which was 2 shares at $1,000 each. My portfolio total is correct, but when I drill into individual investments, my fixed income total is really high even though the overall total adds up. After some investigation, it's showing that I own 200 shares at $1,000 each. I like that interest accrual.

I assume it'll get fixed soon, but it's kind of tempting to sell it all off.

[ThaVirus]

Originally Posted by Rain Man

So I have a $200,000 error in my favor right now, or kind of.

I bought a $2,000 CD a while back, which was 2 shares at $1,000 each. My portfolio total is correct, but when I drill into individual investments, my fixed income total is really high even though the overall total adds up. After some investigation, it's showing that I own 200 shares at $1,000 each. I like that interest accrual.

I assume it'll get fixed soon, but it's kind of tempting to sell it all off.

They randomly dropped $34,000 into my IRA with T Rowe Price back in 2020. I just let it ride hoping they’d let that interest accrue for 35 years until retirement and be set but unfortunately they must have noticed and corrected it after about 4 months or so.

Twas a sad, sad day.

[Rain Man]

Originally Posted by ThaVirus

They randomly dropped $34,000 into my IRA with T Rowe Price back in 2020. I just let it ride hoping they’d let that interest accrue for 35 years until retirement and be set but unfortunately they must have noticed and corrected it after about 4 months or so.

Twas a sad, sad day.

I hate it when they find those errors.

Did they gift you some shares of something? Dump in some cash? How did the money appear?

[ThaVirus]

Originally Posted by Rain Man

I hate it when they find those errors.

Did they gift you some shares of something? Dump in some cash? How did the money appear?

I am pretty ignorant in most things investing so I can’t say for sure.

It was a traditional IRA with T Rowe Price. All I know is that it was a very new account, a rollover of a 401k from a job I didn’t even stay at for a year so there was only a few thousand in it. I’ve read that you can purchase shares with money you have invested in IRAs but I just let them do their thing. I assume someone manages it for you because it rises and falls just like my brokerage account..?

Anyway, I just remember logging in to look one day and there was an additional $34k in the account. It seemed to just be added to the total already there so let’s say I had like $5k in it one day. The next day I logged in it read $39k. It was pretty cool.

But yeah, someone must have noticed the error after a few months and one day I logged back in and it was gone from whence it came. That was a sad day. I enjoyed seeing the daily interest gains on the account with that much more money in it.

Funny enough, you can still see the major spike (and subsequent fall) on the graph on the front page. Every time I log in I’m reminded of what could have been..

[Rain Man]

Okay, they took my $200,000 back. I'm disappointed, but I understand.

[Rain Man]

Okay, question of the day. Boeing (BA)

Option A. Buy more because the stock has been beaten down by all of the technical problems, and at some point they'll get it all straightened out and make that money back.

Option B. Hold it if you've got it, because it's a blue chip with a big moat. Every portfolio should have some.

Option C. Sell it. They can't seem to get their act together, and it's going to have big downstream effects.


I've been running with Option B for a long time, and it hasn't paid off. About five years ago I was making great money on it, and then it got chopped in half with the various problems. Right now I'm a little in the red on the price, though dividends probably eke it a little above breakeven for me. But at best I'm not keeping up with inflation on it.

I don't have a lot of it, but it's one of those stocks that I feel like everyone should have in their portfolio if they're diversified. Frankly, though, I'm reaching my limit on patience and I'm not overly confident that they're going to work through all of their problems in time to avoid big losses in orders and sales. I'm moving toward Option C at this point.

What do y'all think?

[Peter Gibbons]

Originally Posted by Rain Man

Okay, question of the day. Boeing (BA)

Option A. Buy more because the stock has been beaten down by all of the technical problems, and at some point they'll get it all straightened out and make that money back.

Option B. Hold it if you've got it, because it's a blue chip with a big moat. Every portfolio should have some.

Option C. Sell it. They can't seem to get their act together, and it's going to have big downstream effects.


I've been running with Option B for a long time, and it hasn't paid off. About five years ago I was making great money on it, and then it got chopped in half with the various problems. Right now I'm a little in the red on the price, though dividends probably eke it a little above breakeven for me. But at best I'm not keeping up with inflation on it.

I don't have a lot of it, but it's one of those stocks that I feel like everyone should have in their portfolio if they're diversified. Frankly, though, I'm reaching my limit on patience and I'm not overly confident that they're going to work through all of their problems in time to avoid big losses in orders and sales. I'm moving toward Option C at this point.

What do y'all think?

I would sell it for one reason alone. As I travel a lot on planes, I’ve noticed the new Airbus planes to be quite superior to the Boeing offerings. They seem quieter, roomier, and the feel of the cabin is nicer with higher quality materials being used. 30 years ago I felt the exact opposite. It seems Airbus is really putting out a much better product these days and while I cannot rule out Boeing doing better in the future, I would not suspect the turn around to be fast based upon their recent offerings. YMMV.

[Buehler445]

Originally Posted by Rain Man

Okay, question of the day. Boeing (BA)

Option A. Buy more because the stock has been beaten down by all of the technical problems, and at some point they'll get it all straightened out and make that money back.

Option B. Hold it if you've got it, because it's a blue chip with a big moat. Every portfolio should have some.

Option C. Sell it. They can't seem to get their act together, and it's going to have big downstream effects.


I've been running with Option B for a long time, and it hasn't paid off. About five years ago I was making great money on it, and then it got chopped in half with the various problems. Right now I'm a little in the red on the price, though dividends probably eke it a little above breakeven for me. But at best I'm not keeping up with inflation on it.

I don't have a lot of it, but it's one of those stocks that I feel like everyone should have in their portfolio if they're diversified. Frankly, though, I'm reaching my limit on patience and I'm not overly confident that they're going to work through all of their problems in time to avoid big losses in orders and sales. I'm moving toward Option C at this point.

What do y'all think?

I dunno. I think there's probably more downside than upside. If you're looking to mitigate some risk into retirement, I'd probably look hard at that one.

[myselff77]

Originally Posted by Rain Man

Okay, question of the day. Boeing (BA)

Option A. Buy more because the stock has been beaten down by all of the technical problems, and at some point they'll get it all straightened out and make that money back.

Option B. Hold it if you've got it, because it's a blue chip with a big moat. Every portfolio should have some.

Option C. Sell it. They can't seem to get their act together, and it's going to have big downstream effects.


I've been running with Option B for a long time, and it hasn't paid off. About five years ago I was making great money on it, and then it got chopped in half with the various problems. Right now I'm a little in the red on the price, though dividends probably eke it a little above breakeven for me. But at best I'm not keeping up with inflation on it.

I don't have a lot of it, but it's one of those stocks that I feel like everyone should have in their portfolio if they're diversified. Frankly, though, I'm reaching my limit on patience and I'm not overly confident that they're going to work through all of their problems in time to avoid big losses in orders and sales. I'm moving toward Option C at this point.

What do y'all think?

Sell it. Internal Problems + potentially cheap Chinese planes to compete with in the future. They certainly could rebound, but there's probably other industries/companies that are a safer bet you could move the funds in to.

[Rain Man]

I think I'm headed that way. It feels unpatriotic, but they need to get their act together, and maybe me selling my small amount of stock will jar them into that.