Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Rain Man]

Originally Posted by JohnnyHammersticks

Now it's at $0.27

No worries. You can buy it in a couple of weeks when it's back at $0.15.

[ChiefaRoo]

MGM Resorts International (MGM)
Undervalued Trading at 9 times earnings
Catalysts -new casinos in D.C. and Macau China next month
Little 2% dividend
Best of breed and dominant in Vegas.

[scho63]

Originally Posted by FD

I must be reading this wrong, it seems essentially impossible to have lost money in the stock market going back to 2009. $10,000 put into the S&P average in 2009 is worth about $35,000 today.

Have you ever heard of the word "gambling"?

[ChiliConCarnage]

Originally Posted by scho63

Have you ever heard of the word "gambling"?

I think it's pretty commendable admitting your down since 2009.
Those screenshots have that handy 2 roundtrips to PDT threshold warning message at the bottom for a reason and it's not because most people who try to day trade succeed.

In other news, Settlement is moving to T+2 in September so that's nice. Tonight is the House decision on Republicare or whatever the hell it is.. should cause some action

Spoiler!

All in LABD

[FD]

Originally Posted by scho63

Have you ever heard of the word "gambling"?

Personally, I play craps.

On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether.

[Abba-Dabba]

Originally Posted by FD

Personally, I play craps.

On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether.

Oh my. Have you ever traded options?

[Abba-Dabba]

Originally Posted by RubberSponge

Don't worry about the money you didn't make. I scoped out NVDA 6 months ago and didn't put in a dime. Dumb. Have to move on.

I try to stay away from long options as much as I can. I am not a big fan of having a significant amount of money tied up for a long period of time without a dividend. Having said that, they definitely have there place to make money. Been looking long call options on MU at 25 but have not pulled the trigger.

Oh boy!

[lewdog]

Originally Posted by FD

Personally, I play craps.

On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether.

That's terrible reasoning.

He has other investments and this is his "play" money. You won't always be a winner and I am sure he's learning from his mistakes. If you don't want the risk, don't do it, that's my choice. But I understand options stock trading (thanks Scho!) and why some do it.

[O.city]

Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?

[Buehler445]

Originally Posted by O.city

Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?

Depends on what your returns are. But if you're SE, a Roth is probably a better option. If there is a chance you might need the money I'd keep it out into some other mutual fund.

[DaFace]

Originally Posted by O.city

Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?

In terms of RETURNS, you can do basically the same thing with an IRA as you can with any other brokerage account, plus you get the tax benefits. So unless you're considering something outside of stocks and bonds, an IRA is pretty much always better than a brokerage account.

As Buehler said, the key is whether you need access to the money after you put it in. IRAs are meant to be a permanent deal, so you won't get to pull it out until you retire unless you want to pay penalties (though you can pull out Roth CONTRIBUTIONS early without penalty).

[lewdog]

Originally Posted by O.city

Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?

Originally Posted by DaFace

In terms of RETURNS, you can do just as well with an IRA as you can with any other brokerage account, plus you get the tax benefits. So unless you're considering something outside of stocks and bonds, an IRA is pretty much always better than a brokerage account.

As Buehler said, the key is whether you need access to the money after you put it in. IRAs are meant to be a permanent deal, so you won't get to pull it out until you retire unless you want to pay penalties (though you can pull out Roth CONTRIBUTIONS early without penalty).

If he's a dentist and his wife is working, I doubt he would qualify for the Roth based on income level.

Roth IRA Income Limits (for single filers) Phase-out starts at $118,000; ineligible at $133,000
Roth IRA Income Limits (for married filers) Phase-out starts at $186,000; ineligible at $196,000

[scho63]

Originally Posted by FD

Personally, I play craps.

On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether.

On a serious note, you should bend over and shove your head up your ass because you don't know shit and maybe putting your head up your ass will help you discover some.

Do you think my only investment is playing options? No jackass it's my 10% play money so stop giving me advice when you have no idea of my situation.

I'm not telling ANYONE to buy options and all my posts warn how it is risky and I give links to the CBOE and other learning before anyone even thinks about options.

Lastly I just started taking six months off and don't have to work for the next year because of my "crappy" investments. I quit my job and moved to Scottsdale.

Shut your piehole and maybe you can learn something......

[DaKCMan AP]

Originally Posted by lewdog

If he's a dentist and his wife is working, I doubt he would qualify for the Roth based on income level.

Roth IRA Income Limits (for single filers) Phase-out starts at $118,000; ineligible at $133,000
Roth IRA Income Limits (for married filers) Phase-out starts at $186,000; ineligible at $196,000

It depends. I don't know their income, but if he and his wife both max out a 401k/403b/whatever, max out HSA if they have a HDHC plan, etc. they could bring their AGI low enough to contribute to a Roth.

[Buehler445]

Originally Posted by lewdog

If he's a dentist and his wife is working, I doubt he would qualify for the Roth based on income level.

Roth IRA Income Limits (for single filers) Phase-out starts at $118,000; ineligible at $133,000
Roth IRA Income Limits (for married filers) Phase-out starts at $186,000; ineligible at $196,000

If those are AGI numbers his might not be so bad with student loan interest. I'd have to look it up but I'm pretty sure it comes off in 1040 adjustments.

Not to be presumptive, O. It matters on my 1040, and I went to NOT-dental school.