EPTTrading/Investing Thread - Page 39
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Chocolate
United States2350 Posts
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CorsairHero
Canada9489 Posts
On June 14 2020 13:31 GGzerG wrote: Ohh man this is a really interesting thread, I am new to all of this but excited to get started, anyone have any solid advice / sources for up and coming trader / investors ? 80% VTIAX/ 20% VBTLX (Boglehead portfolio) Increase the 20 to 40 as you get older and that's enough to take you to retirement (6-7% long term annual return). Portfolio construction is stupidly simple these days. Good luck ignoring the noise in this thread and other places. No one here actually talks about the stuff that actually matters like how much you save to invest and optimizing your finances. On June 14 2020 17:38 Chocolate wrote: I would recommend a diversified ETF like VOO over having the bank throw your money into some random hedge fund that they'll collect a fat fee on. You can get a lot more diversified than 500 american stocks (and people should). Also banks wouldn't put your money in a hedge fund. They put it into active mutual funds. | ||
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mikedebo
Canada4341 Posts
On June 14 2020 19:19 CorsairHero wrote: 80% VTIAX/ 20% VBTLX (Boglehead portfolio) Increase the 20 to 40 as you get older and that's enough to take you to retirement (6-7% long term annual return). Portfolio construction is stupidly simple these days. Good luck ignoring the noise in this thread and other places. No one here actually talks about the stuff that actually matters like how much you save to invest and optimizing your finances. You can get a lot more diversified than 500 american stocks (and people should). Also banks wouldn't put your money in a hedge fund. They put it into active mutual funds. I'd like to echo that IMO, unless you've figured out the basics of your own financial literacy and planning, like: - What do I need money for now, in the next few years, and the future? - What is my cash flow like, what can I reasonably expect it to be for the near future, and how much of that am I saving? - With this in mind, how am I going to use my savings (and possibly debt), and what proportion of that am I willing to invest? If you've got this sorted, great. If not, it's probably better to focus there first, because it helps you understand what you should invest in, and how much. I think stuff like the Personal Finance for Dummies books are really high-leverage places to start if you don't have clear answers for questions like that yet. I will say this is the "trading/investing" thread, not the "financial literacy" thread, so I assume that most of the time, people are talking about what they're doing with disposable income that they're willing to take potentially higher risks with -- not their entire life's savings or whatever. Also, from what I've seen, if you'd like CorsairHero to swoop in every few posts and call you an idiot with very little context, you'll have fun here as well. | ||
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CorsairHero
Canada9489 Posts
Those people are actually harming the beginners here because they get excited thinking that beating the market comes down to reading a strategy book, twitter, a chart and buying gold. It's very telling when not a single trader here posts their own portfolio or one for noobs. They say go read a book lmfao. | ||
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CorsairHero
Canada9489 Posts
On June 13 2020 05:01 GreenHorizons wrote: Anyone read the fine print on these fractional shares through Schwab? Seems sketchy to me. Fractional shares are very much used in mutual funds and some share classes. Not sketchy. If you have an employer stock plan, theres a good (anecdotal) chance that they will have fractions of a share. It would suck if you worked for amazon and a paycheck deduction wasn't enough to buy a share which is currently $2500. If you think it's sketchy, please share your findings from the fine print. | ||
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LegalLord
United Kingdom13775 Posts
On June 15 2020 03:17 mikedebo wrote: Also, from what I've seen, if you'd like CorsairHero to swoop in every few posts and call you an idiot with very little context, you'll have fun here as well. Almost as if on command, it seems. | ||
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CorsairHero
Canada9489 Posts
thanks for your contribution | ||
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Vivax
21806 Posts
He's very protective of his choices. I just think it's funny that someone feels almost personally attacked when confronted with a diverging view *shrug*. I think it's funnier to pretend to know for sure what is going to happen since we live in unusual times. The only advice I have is: Make sure you have only yourself to blame, do your own research, and think what else you could be doing right now with the money you want to use to invest or speculate, and don't put all eggs in one basket. + Show Spoiler + https://twitter.com/Fxhedgers/status/1272267861830987776 ![[image loading]](https://pics.me.me/thumb_as-printer-is-out-of-order-ticket-has-been-submitted-51962537.png)  Here's some of my technical analysis behind the complex investment process I use: + Show Spoiler + ![[image loading]](https://i.imgur.com/sQmv4H7.png) | ||
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LegalLord
United Kingdom13775 Posts
The Federal Reserve said Monday it will expand its efforts to backstop the corporate debt market by purchasing a “broad, diversified market index” of U.S. corporate bonds in the secondary market. The central bank says the purchases of individual corporate bonds will be used to create a “corporate bond portfolio” that meets the Fed’s existing standards on minimum rating, maximum maturity, and other criteria. Through its Secondary Market Corporate Credit Facility, the central bank has already been purchasing exchange-traded funds which include investment-grade and some high-yield corporate debt. As of June 10, the Fed has taken on about $5.5 billion in corporate bond ETFs. The Fed plans on supplementing the secondary market purchases with purchases directly from issuers through a Primary Market Corporate Credit Facility, which is not yet live. Both facilities will be supported by $75 billion of equity from the U.S. Treasury, appropriated by Congress’s Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Fed says the support will allow the central bank to lever up the facility to be as large as $750 billion. Source Ain’t nothing stopping this stimulus train. | ||
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Vivax
21806 Posts
On June 16 2020 10:14 LegalLord wrote: Looks like the money printer is back in business everybody! Source Ain’t nothing stopping this stimulus train. Looking at the Fed balance sheet, I see there's an ongoing liquidity facility. Last time there was one it was before the Lehman collapse, so it's probably a financial institution. Took about 8 months from the start of the facility to Lehman declaring bankruptcy. I think I said which one I believe it is this time (probably more than one but I can't estimate contagion). Meanwhile in Germany: Fintech-stock with dodgy accounting crashing like a shitcoin. + Show Spoiler + ![[image loading]](https://i.imgur.com/wz5k1N3.png) dxy goes up bitcoin goes down, I like the dollar shortage buffer theory. | ||
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iPlaY.NettleS
Australia4315 Posts
![[image loading]](https://pbs.twimg.com/media/EbZ2NBAWsAYg8su?format=jpg&name=900x900) Looking at a 3.7 trillion budget deficit for 2020 vs 1 trillion in 2019. https://www.cbo.gov/publication/56335 Coronavirus shutting down the economy and then having to send out cheques to try keep the zombie economy going (plus reduced revenue) adds up i guess. Gold/Silver? Keep buying, keep holding if you can even get it. I wouldn't be heavy on USD. | ||
KwarK
United States42008 Posts
You’re also advocating for silver which experienced a huge (40%) crash earlier in the year which it still hasn’t fully recovered from. | ||
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Vivax
21806 Posts
On June 26 2020 23:28 KwarK wrote: Gold doesn’t perform, it doesn’t generate value, ownership of it only provides the ability to sell to a greater fool. But your chart is wrong anyway, both the Nasdaq and a basket of crypto holdings outperformed gold in the same period. You’re also advocating for silver which experienced a huge (40%) crash earlier in the year which it still hasn’t fully recovered from. For me they're somewhat like rebel assets. Don't like the monetary policy or think it's unsustainable? Get it physically. Central banks want money in bonds and stocks, not in precious metals. There is way more debt in circulation than physical metals you can buy for it. Silver is more frequent but also has higher production costs today according to a source I saw a while ago. And the Hunt brothers alone managed to briefly buy up the entire market in the US a few decades ago. If two rich dudes could buy up the entire silver stock around back then, how easy would it be today for a large amount of buyers? | ||
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CorsairHero
Canada9489 Posts
On June 26 2020 22:40 iPlaY.NettleS wrote: Gold is the best performing asset for the past 12 months. Looking at a 3.7 trillion budget deficit for 2020 vs 1 trillion in 2019. https://www.cbo.gov/publication/56335 Coronavirus shutting down the economy and then having to send out cheques to try keep the zombie economy going (plus reduced revenue) adds up i guess. Gold/Silver? Keep buying, keep holding if you can even get it. I wouldn't be heavy on USD. Gold has nothing on AMD over the last 12 months. 2019 had 151% return. | ||
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iPlaY.NettleS
Australia4315 Posts
On June 26 2020 23:28 KwarK wrote: Gold doesn’t perform, it doesn’t generate value, ownership of it only provides the ability to sell to a greater fool. But your chart is wrong anyway, both the Nasdaq and a basket of crypto holdings outperformed gold in the same period. You’re also advocating for silver which experienced a huge (40%) crash earlier in the year which it still hasn’t fully recovered from. Put 7k into gold miners roughly a year back and it's up by a similar amount, 23% or so.Pays a small dividend. Has higher risk but also higher reward.Depends what you're comfortable with. Also got about around 3k in Bitcoin/BCH but it's down/same from what it was 12 months ago.You are talking about 3 month returns or there are better performing cryptos in the basket? It was at one time also down around 40%+ during past year but clearly with the debt situation how it is better to hold and divest away from fiat currencies. | ||
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[UoN]Sentinel
United States11320 Posts
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KwarK
United States42008 Posts
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LegalLord
United Kingdom13775 Posts
QE infinity plus horrendous fundamentals is an amazing combo. Looks like it's a good time to be in speculative / meme stocks, bad time to be in "value" stocks. | ||
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Vivax
21806 Posts
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ZerOCoolSC2
8936 Posts
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