Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[DaFace]

Originally Posted by UteChief

I don’t think that’s what free means.

Pretty affordable, though. I spend $120/year on Quicken. (Granted, that also includes some invoicing features that my wife uses for her consulting work.)

[UteChief]

Originally Posted by DaFace

Pretty affordable, though. I spend $120/year on Quicken. (Granted, that also includes some invoicing features that my wife uses for her consulting work.)

I was only joking.

[Buehler445]

Another round at the whipping post for the AI stocks.

Hilariously, the tiny amount of individual stocks is the only green in my portfolio.

Yikes.

[RunKC]

I have 10k on the bench and am considering buying more Tesla as it’s on sale.

[DaFace]

Originally Posted by RunKC

I have 10k on the bench and am considering buying more Tesla as it’s on sale.

I've always been leery of Tesla, and today is no different. Elon has alienated his core target market, and the current administration (ironically) doesn't seem to be particularly friendly to EVs. If you're playing the long game, it might work out, but you'd need to be in for a crazy ride.

[sondevil]

Whoever called the Palantir stock was spot on. Kudos and thank you.

[Buehler445]

Originally Posted by sondevil

Whoever called the Palantir stock was spot on. Kudos and thank you.

I sold mine in 23. I'm a ****ing toolbox.

Speaking of toolbox, I own some ADM and missed this last fall.

ADM reports more accounting errors, cancels earnings call

Spoiler!

Archer-Daniels-Midland Co. said it uncovered additional accounting errors , pushing the grain trading giant to cancel its quarterly earnings call as it reports preliminary sales estimates below analyst expectations.

The company said it has identified errors concerning sales around its ag services and oilseeds, carbohydrate solutions and nutrition segments. ADM uncovered the issues while testing new controls implemented in the aftermath of an accounting scandal that led to the resignation of Chief Financial Officer Vikram Luthar earlier this year.

ADM will amend its 2023 Form 10-K securities filing as well as financial statements for the first and second quarters of this year, the company said. No material impacts are expected. The restatements will be completed “as soon as reasonably practicable,” according to a statement.

The grain trader released a preliminary third quarter earnings report showing sales declines across its business segments. ADM also slashed its full-year outlook and postponed its earnings call until it completes its financial restatements.

“The integrity of our internal controls and financial reporting is very important. We strive for accuracy and transparency in all aspects of our business,” CEO Juan Luciano said in a statement. “While we have made progress we are committed to continued strengthening of our internal financial controls.”

Preliminary results showed earnings per share were below analyst estimates . ADM reported double-digit percentage declines in ag services and oilseeds as well as its troubled nutrition segment, which has been at the center of the scandal that was uncovered following news of a probe by the U.S. Security and Exchange Commission .

ADM has struggled to diversify beyond traditional grain trading, despite pushing to become a major player in the nutrition space. In the wake of the accounting scandal, the company was sued by an individual investor who claimed he was misled by the performance of the nutrition unit.

Shares slid about 5% early Tuesday following the news of additional accounting errors. ADM shares tumbled 24% in March following the disclosure of the SEC investigation in what was the company’s largest one-day drop since the Great Depression.

Link

I suck. I picked it as a spec stock that typically follows somewhat if grain futures rise. I thought they were putting in a bottom, I liked the ethanol play and thought there was a long term DRIP play there.

With that shit, it didn't track any futures market moves, Trump may nuke renewables, and who knows how the internal controls thing will play out.

I dumped that shit.

[GloryDayz]

The market these days in a gif:

[lewdog]

Originally Posted by RunKC

I have 10k on the bench and am considering buying more Tesla as it’s on sale.

That stocks keeps on drilling. I'd be waiting that one out, bottom isn't in.

[Buehler445]

Originally Posted by RunKC

I have 10k on the bench and am considering buying more Tesla as it’s on sale.

Way back when, Musk said the stock was overvalued at 400.

His market share was far better then, and I wasn’t paying attention to his profitability, but I can’t imagine it was much better.

I kinda believe him when he said it was overvalued at 400.

[ThaVirus]

What do y’all use to track your net worth?

[Buehler445]

Originally Posted by ThaVirus

What do y’all use to track your net worth?

I do a balance sheet at FMV once a year on excel.

This year I did a pretty in depth portfolio analysis. It was all manually looking up holdings in each fund and working the the numbers with excel. That took a bit of time and I probably won’t do that too often, but the work did make me decide to change some of my holdings.

Balance sheet is the easiest way. If you're going to look it all up anyway to link it, just put the values in a balance sheet. Don't over think it.

Assets = liabilities + equity.

Equity=net worth.

[Buehler445]

Rob Berger is decent. He did a bunch of comparisons with retirement planners and net worth trackers and shit.

Here is a list of the tools he supports. You should be able to find videos on his YouTube channel for walkthroughs and comparisons. He's definitely at a different place in life than you are, but none of the stuff I've seen from him is bullshit.

[myselff77]

Originally Posted by ThaVirus

What do y’all use to track your net worth?

I've used Empower for a couple years (going back to when it was Personal Capital). Does a good job connecting to various accounts to get a single view of all my stuff (401K, bank/savings accounts, investment accounts, etc). I especially like that they do not overly harass you with forcing you to talk to one of their financial planners (option is there if you want it, but they aren't constantly calling/emailing or anything).

[ghak99]

Originally Posted by ThaVirus

What do y’all use to track your net worth?

A pair of X chromosomes.

They're normally as accurate as my bankers annual balance sheet discussion.