Money Investing megathread extravaganza - Page 506

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**lewdog** · 02-20-2021, 06:48 AM

Quote:

Originally Posted by Hammock Parties

Really, lewdog mentioned it first. I just blew it out my ass.

I hope you got into FRX because I see good things coming in pairs. AH today was a very good sign.

FINALLY SOME ****ING CREDIT!!!

I also posted ARTL which I bought the day I posted here and sold the next day for 50% profit.

/no big deal

**DaFace** · 02-20-2021, 07:41 AM

Quote:

Originally Posted by eDave

And just like that, this thread returns to it's original intention.

Kind of funny. I still think I'll only stop by occasionally, though. I'm pretty busy these days, and it's been a waste of time to come in here to wade through 100 posts a day of alphabet soup.

Mr_Tomahawk · 02-20-2021, 07:43 AM

Quote:

Originally Posted by lewdog

FINALLY SOME ****ING CREDIT!!!

I also posted ARTL which I bought the day I posted here and sold the next day for 50% profit.

/no big deal

What’s going to be the big mover next week?

(I already own FRX)

**lewdog** · 02-20-2021, 07:46 AM

Quote:

Originally Posted by Mr_Tomahawk

What’s going to be the big mover next week?

(I already own FRX)

Not sure yet, depends where market heads. Could be 5-10% correction. I will wait and see how Monday opens and probably more importantly, closes.

MTG#10 · 02-20-2021, 08:40 AM

This thread is actually better than WallStreetBets because they don't allow talk about SPACs and penny stocks. I've made more from using tips on those the last couple weeks than tips from there for three months. Should have started paying attention sooner.

neech · 02-20-2021, 09:23 AM

Quote:

Originally Posted by DaFace

Kind of funny. I still think I'll only stop by occasionally, though. I'm pretty busy these days, and it's been a waste of time to come in here to wade through 100 posts a day of alphabet soup.

Well I guess that's too bad.

MTG#10 · 02-20-2021, 09:35 AM

Im hoping some of you with more knowledge on the subject could explain this, as this is the first time I've ever invested in SPACs.

"Yahoo Finance Editor-in-Chief Andy Serwer recently explored the SPAC frenzy and cited Stanford Law Professor Michael Klausner's study “A Sober Look at SPACs,” which found, "SPAC investors that hold shares at the time of a SPAC’s merger see post-merger share prices drop on average by a third or more."

https://finance.yahoo.com/news/why-s...192802863.html

If this is true, wouldn't we be better off getting out of CCIV and FRX before the mergers?

RunKC · 02-20-2021, 09:43 AM

Quote:

Originally Posted by Titty Meat

Is a Roth account something worth setting up?

This is critical for your retirement and it really doesn’t cost that much. It’s like that saying “the best time to plant a tree was 20 years ago, but the second best time is today.” Do it now bc time is what helps compound your money to grow.

Put as much in that bitch as you can afford to. It’s really one of the average Joe’s best vehicles to financial freedom.

In58men · 02-20-2021, 10:01 AM

Quote:

Originally Posted by lewdog

Oh I do and have been.

I just know that not everyone can afford that. There's nothing wrong with even a few hundred dollars per year, especially if you're young.

A ROTH IRA is probably the most valuable investment vehicle for middle class earners. You should, however, contribute first to your 401k to get your full employer match (free money). After that, people should look to fund a ROTH.

Yes sir!

I put in 20% and my employer matches 6%. They’ll match 10% after 10 years of employment, I have 3 more years to go.

Hog's Gone Fishin · 02-20-2021, 10:07 AM

Quote:

Originally Posted by Mr_Tomahawk

What’s going to be the big mover next week?

(I already own FRX)

Chris gives his plays of the week every Saturday morning

I see he's picked up one of my finds from two weeks ago (CTRM), you know, the over valued stonk. LOL

Mr_Tomahawk · 02-20-2021, 10:10 AM

Quote:

Originally Posted by Hog's Gone Fishin

Chris gives his plays of the week every Saturday morning

I see he's picked up one of my finds from two weeks ago (CTRM), you know, the over valued stonk. LOL

Lol go figure. I sold CTRM on Thursday.

Hog's Gone Fishin · 02-20-2021, 10:18 AM

Quote:

Originally Posted by Mr_Tomahawk

Lol go figure. I sold CTRM on Thursday.

Me also , took my money and run. Small profit.

**lewdog** · 02-20-2021, 10:22 AM

Quote:

Originally Posted by In58men

Yes sir!

I put in 20% and my employer matches 6%. They’ll match 10% after 10 years of employment, I have 3 more years to go.

That’s nice!

My match sucks. Max is I put in 4% and they give me 1%. It’s pretty terrible. They pay me well and I get a decent amount of PTO though. There’s always trade offs.

In58men · 02-20-2021, 10:27 AM

Quote:

Originally Posted by lewdog

That’s nice!

My match sucks. Max is I put in 4% and they give me 1%. It’s pretty terrible. They pay me well and I get a decent amount of PTO though. There’s always trade offs.

I’m very fortunate to say the least. We also get a pension as well. I’m trying to put in as much as I can, looking to retire around 55ish, maybe earlier. Things also can change in our industry and taxes only go up.

KCUnited · 02-20-2021, 10:27 AM

RE: HSA investing. Does your HSA admin only let you invest in certain funds?

My HSA gives me like a dozen investment options to choose from and doesn't appear to give me full control. No complaints as I've been putting it in a Vanguard ETF that's been up like 25% but I'm mostly just wondering if thats SOP for HSA's or just unique to mine or if I'm a reerun that can barely read.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $6899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,565

02-20-2021, 08:40 AM	#7580
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7194386	This thread is actually better than WallStreetBets because they don't allow talk about SPACs and penny stocks. I've made more from using tips on those the last couple weeks than tips from there for three months. Should have started paying attention sooner.
Posts: 11,434

02-20-2021, 09:35 AM	#7582
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7194386	Im hoping some of you with more knowledge on the subject could explain this, as this is the first time I've ever invested in SPACs. "Yahoo Finance Editor-in-Chief Andy Serwer recently explored the SPAC frenzy and cited Stanford Law Professor Michael Klausner's study “A Sober Look at SPACs,” which found, "SPAC investors that hold shares at the time of a SPAC’s merger see post-merger share prices drop on average by a third or more." https://finance.yahoo.com/news/why-s...192802863.html If this is true, wouldn't we be better off getting out of CCIV and FRX before the mergers?
Posts: 11,434

02-20-2021, 10:27 AM	#7590
KCUnited Cheat Death Join Date: Nov 2007 Location: Land of Drincoln Casino cash: $268244	RE: HSA investing. Does your HSA admin only let you invest in certain funds? My HSA gives me like a dozen investment options to choose from and doesn't appear to give me full control. No complaints as I've been putting it in a Vanguard ETF that's been up like 25% but I'm mostly just wondering if thats SOP for HSA's or just unique to mine or if I'm a reerun that can barely read.
Posts: 35,609