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07-05-2018, 09:01 PM | #2116 | |
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07-05-2018, 09:08 PM | #2117 |
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I sold another Put on IQ a few weeks ago.
It's tanked enough that I might get some shares placed on me tomorrow ($30.5) and that's ok as I think it's reaching it's bottom. But if I don't get shares placed again, I make a little money. Win. It's looking like it's taking a pounding on the futures again tonight. Will be interesting to see where it's at early morning.
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07-05-2018, 10:10 PM | #2118 | |
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(these are puts in the commodity markets, I don't know if puts on stocks are the same) |
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07-06-2018, 07:39 AM | #2119 |
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He sold the Put so time value getting destroyed favors him...
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07-06-2018, 07:50 AM | #2120 |
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07-06-2018, 09:23 AM | #2121 |
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On a completely different note, I'd like to report something that chafes me and see if anyone has a solution.
I'd like to know the total return on a stock when I hold it, but if the stock pays a dividend it seems like this is impossible. For example, if I buy and hold a non-dividend stock at a cost of (for example) $1,000, I can look a year later and if it's at $1,100 then I got a 10% return. But let's say I hold a dividend stock that pays 3%, and it also goes up 10% in that year. If I'm reinvesting dividends, I now have $1,130 in stock, but the cost basis is now $1,030 because it counts the purchase of the re-invested dividends as a cost. So it says my return is 1130/1030 = 9.7% when it's really 1130/1000 = 13.0%. If I don't reinvest dividends I have a different problem because then I have to chase down the cash and manually add it back in to calculate returns. This really bugs me, because essentially it undercounts my returns on dividend stocks pretty notably. I can't think of a workaround unless there's some setting on the various brokerage sites that can adjust for it. Anyone else ever address this?
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07-06-2018, 03:07 PM | #2122 | |
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On an actual investing note, wife and I are gonna try to max our Roth IRAs again this year but it's a bit tighter doing it on one salary this year. lol Also started a 529 through Fidelity for my son. Tax savings on this plan look decent.
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07-06-2018, 04:46 PM | #2123 | |
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Morningstar and even Yahoo will show Total Return data if you just bought once, you should be able to scale the chart to reflect the total return since your purchase date. My broker has a 5 year chart of this kind under Total Return but it's not literal numbers from any of my purchase/lots. Both of those have portfolio features where you can add your stock/lots but I don't know if that'd help.. I don't use either in that fashion. |
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07-10-2018, 07:39 PM | #2124 |
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Stocks being sold off heavily after hours currently.
Rumor has it White House set to name $200-billion more possible tariffs on Chinese goods. This will not be good.
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07-10-2018, 07:46 PM | #2125 |
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I ****ed myself so hard
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07-10-2018, 10:12 PM | #2126 | |
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07-10-2018, 10:20 PM | #2127 | |
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You'd also think that the brokerage would want to present themselves in the best light. The current system of including the DRIP purchases underestimates the total return significantly. I'm mystified why they don't give us an option to only count investments made from external funds. It seems like it wouldn't be hard to do.
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07-10-2018, 10:37 PM | #2128 | |
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This is particularly true during market downturns where your dollar cost average is reduced. If you have something that pays strong dividends it is quite significant. I've hedged my portfolio with a good amount of VYM for this reason. Its S&P indexed and tracks that very well, but emphasizes stocks that pay higher dividends than the rest of the index. With a buy and hold strategy through a downturn you'll make out like a bandit vs a straight indexed fund |
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07-12-2018, 02:35 PM | #2129 | |
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Here's a little piece of IQ news from yesterday, which may or may not have contributed to today's gains...
https://finance.yahoo.com/news/iqiyi...113900738.html Quote:
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07-12-2018, 08:07 PM | #2130 |
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Yea IQ is a very volatile stock. I plan on swing trading this through the peaks and valley if the situation looks good similar to what I recently did.
Sold a Put back in June that expired worthless. Made $200. Sold a Put in July that got exercised. I bought 100 shares for $30.17 cost adjusted. Just sold a covered call on those shares for July 27th @$33 that paid $197. If it's exercised by July 27th I will make $250 on the sale. About $650 of profit for not a ton of risk. I'll take it. If it looks like I can do it again, I'll start the cycle of selling a Put again as the premium payouts for options on IQ are high given the volatility. And thank you Scho. I learned mostly about these options from you and have been using them at times with success.
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