Money Investing megathread extravaganza - Page 765

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**Buehler445** · 09-20-2021, 03:59 PM

Quote:

Originally Posted by Hog's Gone Fishin

LOL, you know whats funny as hell??? I'm up quite a bit so today it went to .39 so I said I'm gonna be smart and put a stop loss on just enough shares to cover my basis at .35 in case it tanks. Within the HOUR it dropped straight down to .35 took me out and went straight back to .38

. I just shook my head as this has happened 100 times before. I bought back the shares I lost plus 2000 more at .38. Basically threw $300 in the trash.

Lew would be proud of me for having a plan though!

LOL

Oh you.

I'd have just been pleased with the cash.

**lewdog** · 09-20-2021, 07:59 PM

Quote:

Originally Posted by ChiTown

Not in my nature, generally speaking, but I'll most likely be pulling some things back for sure.

Just be careful. My parents lost 50%+ of their retirement, within 3-4 years of retirement in 2008 because people thought being exposed to a high percentage of equities was "always safe."

I wouldn't recommend more than 50% exposure to stocks within a few years of retirement.

Hammock Parties · 09-21-2021, 08:19 AM

if I can get LCID and AMC to meet at 30 I'm switching some positions.

**Buehler445** · 09-21-2021, 01:39 PM

Quote:

Originally Posted by Buehler445

FWIW, I got out of ADM and BG in the green. They outperformed the market in the timeframe I owned them by a few percentage points. Technically shouldn't have done it. It pushed through some resistance and set back, but I don't think it can overcome the momentum of the market as a whole.

I feel pretty good about it considering what the SPY QQQ and DIA look like in my account. Woof.

FWIW I got out at the right time on ADM and BG. They might stay rangebound but they got wrecked man.

Peter Gibbons · 09-21-2021, 01:47 PM

I bought into TSP at the opening today at $38.15. I like them as a long term hold. IMO, even if they are not the company who solves automated trucking, someone will buy them out along the way to achieving that goal.

Peter Gibbons · 09-21-2021, 01:49 PM

Quote:

Originally Posted by lewdog

Just be careful. My parents lost 50%+ of their retirement, within 3-4 years of retirement in 2008 because people thought being exposed to a high percentage of equities was "always safe."

I wouldn't recommend more than 50% exposure to stocks within a few years of retirement.

Do you think the “rule of 120” is a safe/good strategy for diversification of your portfolio for retirement?

ChiliConCarnage · 09-21-2021, 05:49 PM

Quote:

Originally Posted by lewdog

Just be careful. My parents lost 50%+ of their retirement, within 3-4 years of retirement in 2008 because people thought being exposed to a high percentage of equities was "always safe."

I wouldn't recommend more than 50% exposure to stocks within a few years of retirement.

I don't really think you have an option at this time. We haven't hit negative nominal interest rates like Japan & Europe but we're getting there. A normal US bond fund is already negative real yields.

He's planning to retire at 56, assuming he's healthy he can't be taking a negative drag on 50% of his portfolio. He could easily have 35 years left. Unless it's a mental/emotional crutch, I don't think I'd go above 30%? bonds. Unless you're betting on rates going down, right now most bonds are setting money/purchasing power slowly on fire.

**lewdog** · 09-21-2021, 08:36 PM

I'm going long on UWMC at this price point of under $7.

Long in my ROTH and won't touch for years, more than likely.

**lewdog** · 09-21-2021, 08:39 PM

Quote:

Originally Posted by ChiliConCarnage

I don't really think you have an option at this time. We haven't hit negative nominal interest rates like Japan & Europe but we're getting there. A normal US bond fund is already negative real yields.

He's planning to retire at 56, assuming he's healthy he can't be taking a negative drag on 50% of his portfolio. He could easily have 35 years left. Unless it's a mental/emotional crutch, I don't think I'd go above 30%? bonds. Unless you're betting on rates going down, right now most bonds are setting money/purchasing power slowly on fire.

So what happens if he stays 80% in stocks and we have a major market correction in the next 3 years?

But I do understand what you're saying given his age. He will need his money to continue to work for him over 3+ decades more than likely.

Hog's Gone Fishin · 09-22-2021, 05:34 AM

Quote:

Originally Posted by lewdog

So what happens if he stays 80% in stocks and we have a major market correction in the next 3 years?

But I do understand what you're saying given his age. He will need his money to continue to work for him over 3+ decades more than likely.

I can answer that:

He doesn't sell his stock and take the loss. The Market ALWAYS corrects.

Shag · 09-22-2021, 11:19 AM

Quote:

Originally Posted by lewdog

I'm going long on UWMC at this price point of under $7.

Long in my ROTH and won't touch for years, more than likely.

I'm not familiar - what do you like about UWMC?

neech · 09-22-2021, 12:21 PM

Quote:

Originally Posted by Shag

I'm not familiar - what do you like about UWMC?

I was wondering that myself.

rydogg58 · 09-22-2021, 06:14 PM

Quote:

Originally Posted by Shag

I'm not familiar - what do you like about UWMC?

I was talking to a friend of mine that is pretty hot on Wells Fargo right now. He's thinking with the eviction moratorium ending on Sept 30th, that a lot of people might be wanting to refinance mortgages on renters that haven't been paying. He also thinks that the feds are going to have to raise interest rates so the banks can start making money again.

Just guessing, but that might be something that affects UWMC as well since they deal with mortgages.

**petegz28** · 09-22-2021, 06:35 PM

Quote:

Originally Posted by Chazno

I would say that is assuming you can fully fund the Roth. If you can only put away 6k a year, put it in the Roth. No reason to put 3k into 529 and 3k into Roth. If your kids decides not to go to college or gets scholarships you will end up losing money or finding alternate uses for it (grandkids, neices/nephews).

The deal is though, you invest one way for your retirement and another for your child's education. I am far more aggressive with my kid's 529 than I am my Roth IRA.

neech · 09-22-2021, 07:10 PM

Quote:

Originally Posted by rydogg58

I was talking to a friend of mine that is pretty hot on Wells Fargo right now. He's thinking with the eviction moratorium ending on Sept 30th, that a lot of people might be wanting to refinance mortgages on renters that haven't been paying. He also thinks that the feds are going to have to raise interest rates so the banks can start making money again.

Just guessing, but that might be something that affects UWMC as well since they deal with mortgages.

There are lots of mortgage companies out there what makes this one stand out?

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $286899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,457

09-21-2021, 08:19 AM	#11463
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $2970478	if I can get LCID and AMC to meet at 30 I'm switching some positions. __________________ Chiefs game films
Posts: 287,314

09-21-2021, 01:47 PM	#11465
Peter Gibbons Veteran Join Date: Dec 2019 Location: Ohio Casino cash: $180400	I bought into TSP at the opening today at $38.15. I like them as a long term hold. IMO, even if they are not the company who solves automated trucking, someone will buy them out along the way to achieving that goal.
Posts: 1,821

09-21-2021, 08:36 PM	#11468
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $191900	I'm going long on UWMC at this price point of under $7. Long in my ROTH and won't touch for years, more than likely.
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