Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[lewdog]

Originally Posted by Rain Man

Who reported bad earnings? I saw that this was a big tech earnings week, and the techs are taking a beating right now.

Maybe the Chinese market taking a 15%+ beating over 2 days, worst loss in 13 years, is causing fear.

[TwistedChief]

Originally Posted by lewdog

Maybe the Chinese market taking a 15%+ beating over 2 days, worst loss in 13 years, is causing fear.

Yes, the correlation between some Chinese indices that have been getting bludgeoned and the TSLAs of the world is uncomfortably high (think 65-75%). There’s no doubt some general derisking going on right now and that will hit all correlated exposures.

[ChiliConCarnage]

Originally Posted by lewdog

Maybe the Chinese market taking a 15%+ beating over 2 days, worst loss in 13 years, is causing fear.

Probably the reason for a down day but the Nasdaq is down by a lot compared to the other big indices. I think you had a +9% short term Apple trade recently. All of big tech has ran pretty good since Delta got in the news. AAPL, MSFT, GOOG earnings all after the bell today.

Not a bad day to sell some. Seems like more downside risk than upside holding to me after a really good run up.

[scho63]

Originally Posted by neech

If anyone has some Chinese stocks you might want to bail out.

You're two weeks too late - nice timing.

[Hammock Parties]

IQIYI!

Buying opportunity!

[MTG#10]

I know this is a dumb question and probably already covered to death in this thread but,

I just opened up a Roth IRA for the first time through Fidelity and deposited $500. Do I have to do anything for it to grow once the funds clear from my checking account? Like do I need to choose what the money I contribute is invested in or does Fidelity handle that for me while I just collect dividends? I plan on adding $500/month for the rest of the year then continue that next year to meet the $6000 contribution limit for 2022.

[DaFace]

Originally Posted by MTG#10

I know this is a dumb question and probably already covered to death in this thread but,

I just opened up a Roth IRA for the first time through Fidelity and deposited $500. Do I have to do anything for it to grow once the funds clear from my checking account? Like do I need to choose what the money I contribute is invested in or does Fidelity handle that for me while I just collect dividends?

A lot of places will automatically dump it into a money market account for you, but that's a pretty poor way to have it grow. You'll want to invest it just like any other brokerage account. (Might I suggest index funds...)

Regardless, note that you'll need to do it each time you make a deposit. That can be a pain, but if you get on a schedule, I'd guess you can set up automatic deposits and automatic buys. Fidelity can probably help you figure out the best way to do it to meet your needs.

Do be aware that Roths are capped at $6k per year, so don't go too nuts.

[MTG#10]

Originally Posted by DaFace

Do be aware that Roths are capped at $6k per year, so don't go too nuts.

That $6000 limit is only for deposits, correct?

[DaFace]

Originally Posted by MTG#10

That $6000 limit is only for deposits, correct?

Correct. You can invest $6k in AMC, and if it explodes by a factor of 100, you're still fine.

[lewdog]

Originally Posted by MTG#10

I know this is a dumb question and probably already covered to death in this thread but,

I just opened up a Roth IRA for the first time through Fidelity and deposited $500. Do I have to do anything for it to grow once the funds clear from my checking account? Like do I need to choose what the money I contribute is invested in or does Fidelity handle that for me while I just collect dividends? I plan on adding $500/month for the rest of the year then continue that next year to meet the $6000 contribution limit for 2022.

Set up monthly deposits into any fund you’d like. I do $500/month into my ROTH split between 5 funds. Fidelity has some good funds to choose. Look for their zero expense ratio index funds if they are allowed in a ROTH.

FNILX large cap
FZROX total market
FZIPX small/mid cap

If not they have plenty of low cost mutual funds that a very good.

[MTG#10]

Originally Posted by DaFace

Correct. You can invest $6k in AMC, and if it explodes by a factor of 100, you're still fine.

I'm actually going to be fairly conservative with this since its for retirement. Any index fund recommendations? My 401k is 100% in AGTHX, is that considered an index fund? And if so should I make my Roth investments something different for better diversity?

[Hammock Parties]

I have:

VFIAX

VANGUARD 500 INDEX ADMIRAL

[MTG#10]

Originally Posted by lewdog

Set up monthly deposits into any fund you’d like. I do $500/month into my ROTH split between 5 funds. Fidelity has some good funds to choose. Look for their zero expense ratio index funds if they are allowed in a ROTH.

FNILX large cap
FZROX total market
FZIPX small/mid cap

If not they have plenty of low cost mutual funds that a very good.

Those first two look good. Guess I could do $250/month in each.

[neech]

Originally Posted by scho63

You're two weeks too late - nice timing.

Didi tipped me off a earlier in the month that the Chinese were doing the gestapo move on them.

As soon as they went public within days they doing a crack down.

https://fortune.com/2021/07/09/didi-...eet-investors/

[MTG#10]

Tilray holy shit