Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[BWillie]

Originally Posted by Hog's Gone Fishin

I'd put it in "MAIN" before I did that. Been solid all year and steady as a rock. Pays 7% yearly dividend MONTHLY

Wtf is it

Originally Posted by Discuss Thrower

It also depends on how much cash you need to maintain your current standard of living if you were to lose your main source of income. If you don't need $750K for a year to a year and a half then you're better off locking up the amount you absolutely cannot live without and keep the rest in various forms of liquidity to buy market tracking ETFs in at prices you think are discounts.

Dont need it at all for years. Dont know anything about market tracking EFTs. Guess have to look into it. Investing is so much work.

[Hog's Gone Fishin]

Originally Posted by sondevil

What is MAIN?

Ticker symbol MAIN


Company Overview
Sector
Financials
Industry
Banking Services
Overview
Main Street Capital Corporation (MSCC) is a principal investment company primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company's principal investment objective is to maximize portfolios total return by generating current income from its debt investments and current income and capital appreciation from our equity and equity-related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company. The Company seeks to achieve its investment objective through LMM, Private Loan, and Middle Market investment strategies. Middle Market portfolio investments primarily consist of direct investments in or secondary purchases of interest-bearing syndicated loans or debt securities in privately held companies based in the United States. MSC Adviser I, LLC is the External Investment Manager.
Headquarters
1300 Post Oak Boulevard, 8Th Floor
Houston, TX
77056
www.mainstcapital.com

[Hog's Gone Fishin]

It's at an attractive price right now also 35.88

It plays between 33-44 mostly

[HonestChieffan]

i did a covered call yesterday that blew me away. April 400 LLY paid $20 a share. Thats crazy!!

[DaFace]

Originally Posted by BWillie

Wtf is it



Dont need it at all for years. Dont know anything about market tracking EFTs. Guess have to look into it. Investing is so much work.

If you're mainly thinking of this as retirement money and don't want to do the work of figuring out "how to invest," just open up a brokerage account at Vanguard and throw it all into a target date fund that's around the date you hope to retire. They are specifically designed to be an all-in-one option that gives you a ton of diversification and also decreases risk as your maturity date gets closer.

If, over time, you want to be more hands-on, you can always move away to more hand-picked stocks. But target-date funds will get you started.

[DaFace]

As another option, Vanguard (and a lot of other places) now have "robo advisors" that basically let you tell them what you want to accomplish and then algorithmically adjust your portfolio accordingly. I personally think that index funds (or target date funds) are just about as simple and cost less, but that's another route that simplifies the process.

[Rain Man]

Originally Posted by BWillie

I'm putting 750k into a 4.35% Ally CD.

This is the part you guys tell me how stupid I am.

Seems like a good deal to me. No risk. I dont have to pay a financial advisor to potentially lose money for me and I dont have to do.....anything. Thats the best part. 33k to sit on my ass. Sold.

My in-laws did something back in the 1980s that I thought was pretty smart. When inflation spiked in early 1980s they put a bunch of money into long-term CD ladders. Then inflation went down and for 10+ years they were getting something like 8 percent risk-free on their investment returns in 3 percent inflation. I'm trying to figure out when they peak so I can do the same now. That's the key to success.

[Hog's Gone Fishin]

Originally Posted by DaFace

As another option, Vanguard (and a lot of other places) now have "robo advisors" that basically let you tell them what you want to accomplish and then algorithmically adjust your portfolio accordingly. I personally think that index funds (or target date funds) are just about as simple and cost less, but that's another route that simplifies the process.

I wonder what it would do if you told them you want 20% returns daily.

[Rain Man]

Originally Posted by Hog's Gone Fishin

I wonder what it would do if you told them you want 20% returns daily.

https://www.chiefsplanet.com/BB/showthread.php?t=346603

[DaFace]

Originally Posted by Hog's Gone Fishin

I wonder what it would do if you told them you want 20% returns daily.

[Buehler445]

Originally Posted by Rain Man

My in-laws did something back in the 1980s that I thought was pretty smart. When inflation spiked in early 1980s they put a bunch of money into long-term CD ladders. Then inflation went down and for 10+ years they were getting something like 8 percent risk-free on their investment returns in 3 percent inflation. I'm trying to figure out when they peak so I can do the same now. That's the key to success.

My FIL came to me in 2015 and asked me what I thought he should do with some money. Of course this was out of the blue with no associated detail. So I was like, "uhhh... What money are we talking about?"

Oh back in the 80's I put some money in a 15% CD and it's coming out now...

My ****ing brain exploded all over my damned basement.

WTF? 15%? If anyone took a picture of my face I'm sure it'd be a meme today.

I'm trying to remember. I think I told him to pay off all debt.... Don't have any... Well, I'd stick it in an ETF.

So I had to ask him how the hell he got a CD a 15%. Like ****ing seriously. He said, yeah, I scraped together every nickel I could scrounge and stuffed it in there. I needed the money (obviously he didn't - see the no debt comment), but I didn't figure I could get 15% on the farm (I think he did but he isn't doing any math and I didn't argue).

15%.....

[HonestChieffan]

Originally Posted by Buehler445

My FIL came to me in 2015 and asked me what I thought he should do with some money. Of course this was out of the blue with no associated detail. So I was like, "uhhh... What money are we talking about?"

Oh back in the 80's I put some money in a 15% CD and it's coming out now...

My ****ing brain exploded all over my damned basement.

WTF? 15%? If anyone took a picture of my face I'm sure it'd be a meme today.

I'm trying to remember. I think I told him to pay off all debt.... Don't have any... Well, I'd stick it in an ETF.

So I had to ask him how the hell he got a CD a 15%. Like ****ing seriously. He said, yeah, I scraped together every nickel I could scrounge and stuffed it in there. I needed the money (obviously he didn't - see the no debt comment), but I didn't figure I could get 15% on the farm (I think he did but he isn't doing any math and I didn't argue).

15%.....

I was living in Denver, my son was a baby (41 now) And I got a check from the company for moving expenses a couple months before. I called the broker I had an account with and said I had a few grand to sock away. He said call your bank...I stoped at bank that afternoon and got a 12 mo CD for 16.5%

That year, operating loans from Farm credit hit a max of 22% for a few days, most operating loans were 15-17%

Jimmy Carter was President.

[Rain Man]

Originally Posted by Buehler445

My FIL came to me in 2015 and asked me what I thought he should do with some money. Of course this was out of the blue with no associated detail. So I was like, "uhhh... What money are we talking about?"

Oh back in the 80's I put some money in a 15% CD and it's coming out now...

My ****ing brain exploded all over my damned basement.

WTF? 15%? If anyone took a picture of my face I'm sure it'd be a meme today.

I'm trying to remember. I think I told him to pay off all debt.... Don't have any... Well, I'd stick it in an ETF.

So I had to ask him how the hell he got a CD a 15%. Like ****ing seriously. He said, yeah, I scraped together every nickel I could scrounge and stuffed it in there. I needed the money (obviously he didn't - see the no debt comment), but I didn't figure I could get 15% on the farm (I think he did but he isn't doing any math and I didn't argue).

15%.....

Times of change are times of opportunity. In all seriousness, it seems like a 99.9 percent winner to buy some long-term CDs now if we can get 5 percent or more. It seems like the Fed is really intent on getting inflation back down to 2 percent or so. Right?

[Buehler445]

Originally Posted by Rain Man

Times of change are times of opportunity. In all seriousness, it seems like a 99.9 percent winner to buy some long-term CDs now if we can get 5 percent or more. It seems like the Fed is really intent on getting inflation back down to 2 percent or so. Right?

Not currently.

From what I've read they're planning on raising it again. I saw a headline (admittedly didn't read the article) that inflation is over and the fed is dumb for continuing to raise it.

I read somewhere that the Fed Chairman like worships at the alter of Volker, so who knows.

[BWillie]

Originally Posted by Rain Man

Times of change are times of opportunity. In all seriousness, it seems like a 99.9 percent winner to buy some long-term CDs now if we can get 5 percent or more. It seems like the Fed is really intent on getting inflation back down to 2 percent or so. Right?

Where can I get 5%?