Stocks/Investing

Dukestaco

Stirring the pot 24/7
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Oct 3, 2018
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Tucson
You need the stimulation bill to pass and the 3Q earnings to be good then you should see that 18% gain to get you back in the $ on those options.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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Bishop, CA
That’s what I was referring to. Sob.

Seems like the markets are trying to shake it off. It actually may be a good thing that Trump is taking all the headlines. The jobs report was fucking horrible. 850K forecast vs 661K actual for non-farm payroll.

TSLA also missed on delivery numbers so that isn't helping. 144K forecast vs 139K actual. I've also got some Oct 16 calls on them so the next two weeks will be fun. I'm to much of a risk taker to cut my losses and run. As they say at the craps table. Let it ride. lol
 

Dukestaco

Stirring the pot 24/7
Joined
Oct 3, 2018
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Tucson
Seems like the markets are trying to shake it off. It actually may be a good thing that Trump is taking all the headlines. The jobs report was fucking horrible. 850K forecast vs 661K actual for non-farm payroll.

TSLA also missed on delivery numbers so that isn't helping. 144K forecast vs 139K actual. I've also got some Oct 16 calls on them so the next two weeks will be fun. I'm to much of a risk taker to cut my losses and run. As they say at the craps table. Let it ride. lol
Same. I’ll stay with the ship till it sinks. Has only bitten me in the ass one time for 10k. It was a good bite.
 

4runner DOA

Hold my beer
Staff member
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Oct 2, 2018
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OC
I'm seeing a shit ton of amazon trucks driving around. Thoughts on shorting UPS FedEx or options or something like that?

Amazon canceled their contracts with FedEx to use their own delivery awhile ago but they still use UPS. Amazon doesn't own the market though and there's plenty of other companies that rely on shipping for their products.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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4runner DOA

Hold my beer
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OC
Okay so maybe i am late to the party on this but why would it not cause a significant loss in revenue for other shipping companies if amazon suddenly starts doing a lot of their own?

Because Amazon is one company and they don't rule the world. Fedex, UPS, and even USPS aren't hurting for shipping revenue. There's hundreds of thousands, if not into millions, of other companies that still rely on the afore mentioned shipping companies to move product.
 

Bigbarlo

Curmudgeon
Joined
Mar 9, 2019
Messages
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54
Bought a couple thousand shares of Curaleaf (CURLF) back in March. Was going to sell but 5 states just legalized. What do y’all think? Stocks aren’t really my thing. My money is in real estate.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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Oct 3, 2018
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Bishop, CA
Bought a couple thousand shares of Curaleaf (CURLF) back in March. Was going to sell but 5 states just legalized. What do y’all think? Stocks aren’t really my thing. My money is in real estate.

I just checked the chart and you should be up about 300% or so. If I get that kind of return and can't make up my mind I would sell 1/2 of my holdings. That way you recoup the OG investment and get a 50% return. Then let the rest of the shares ride.
 

Bigbarlo

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I just checked the chart and you should be up about 300% or so. If I get that kind of return and can't make up my mind I would sell 1/2 of my holdings. That way you recoup the OG investment and get a 50% return. Then let the rest of the shares ride.
Exactly right. It’s up 300%. Good idea. Maybe I’ll dump 1000 and hold the rest. Thanks
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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Exactly right. It’s up 300%. Good idea. Maybe I’ll dump 1000 and hold the rest. Thanks

If you want to lock in a certain profit on the rest of the shares you should set a stop limit on them. Once they hit your stop price they will sell without any action from you.
 

Bigbarlo

Curmudgeon
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If you want to lock in a certain profit on the rest of the shares you should set a stop limit on them. Once they hit your stop price they will sell without any action from you.
I was thinking stop at 12. I do have a feeling it will get there. The p/e looks promising. But like I said not really my thing.
 

Chris In Milwaukee

Ain’t no mo’
Joined
Dec 16, 2019
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North Woods, WI USA
Okay so maybe i am late to the party on this but why would it not cause a significant loss in revenue for other shipping companies if amazon suddenly starts doing a lot of their own?
I live in a major metro and have one or more Amazon warehouse near me, so it makes sense for them to deliver in that area. Prime vans all over the goddamned place around here. In my neighborhood several times a day. But get outside the metro, they’re still relying on “traditional“ shippers. I’d stick with them myself.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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This is kinda why i asked. I'm in jersey but about as middle of nowhere/hillbilly as it gets in this state and even here they pretty much up and stopped using other shippers all the sudden. Sometimes i'll even see like 3 or 4 on my 10 min commute to work. So i thought it would have a bigger impact but i think the responses here steered me right

Sussex County?
 

AssBurns

will wheel for beer
Staff member
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Oct 1, 2018
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31
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Yucaipa, CA
Any financial advisors in the room?

My goal next year is to really start focusing on saving for retirement and investing for the future. I have a few accounts setup with very minimal balances and I'm wondering how much I should focus on each type of account to put money away in.
Here are my thoughts and this might not be the correct way to go, so please correct me and point me in better directions if there are better paths to take.

Roth IRA - I can put up to $6,000 a year into that, so my thoughts are $200/mo and max it out. Maybe open another one up for my wife and do the same thing. Reason for this is the tax free growth and such a small limit that it could be worth maxing it out each year. Also if I understand correctly the principal funds can be withdrawn without any penalties.

Traditional IRA - Not sure how much I should put into this really. I was thinking maybe $100/mo just to get things started and figure out more later as I can contribute more.

Brokerage Account - I have been putting a few hundred a month into here for the past 8 months and I think this seems like a great overall place to put money for long term since it's just capital gains rather than income tax. Plus I have access to it whenever I want without penalties, just taxes. I can pull from this for other investments such as down payment on future real estate transactions with ease.


I have about $3600 in an old 401k that I want to rollover to one of the IRA's so I have more access to the funds. Not sure which one I should roll it into though. Right now it's like 50/50 ROTH/ Traditional 401k.

What are your guys thoughts with where I should focus on putting money for both mid-to-long term investing?
 
Joined
Dec 21, 2018
Messages
996
Location
West Phoenix
I'm still in Redox that I mentioned a few pages back.
I've got my initial investment back plus almost $30k since May.
After next week I'll be earning 4.3% a day on a $32K balance.
 
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