Investing, Stock Market and Retirement Planning Thread

mikey
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Investing, Stock Market and Retirement Planning Thread

Postby mikey » Fri Sep 04, 2020 10:01 pm

Market != people pulling the strings necessarily...

Tomas
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Investing, Stock Market and Retirement Planning Thread

Postby Tomas » Fri Sep 04, 2020 11:32 pm

Other than things being extremely overvalued by traditional metrics (tech up 70% since March? Get the **** out of here), who the hell really knows anymore.
Softbank????

https://www.irishtimes.com/business/mar ... -1.4346840
SoftBank is the “Nasdaq whale” that has bought billions of dollars’ worth of US equity derivatives in a move that stoked the fevered rally in big tech stocks before a sharp pullback on Thursday, according to people familiar with the matter.

The Japanese conglomerate has been snapping up options in tech stocks during the past month in huge amounts, contributing to the largest trading volumes in contracts linked to individual companies in at least 10 years, these people said. One banker described it as a “dangerous” bet.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Sat Sep 05, 2020 6:20 am

What I don’t get are the people I know talking about how the stock market is soaring while they have no retirement or brokerage accounts...

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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Wed Sep 09, 2020 3:02 pm

@DigitalGypsy66, my man. Marcus. 0.60% APY.

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Investing, Stock Market and Retirement Planning Thread

Postby DigitalGypsy66 » Wed Sep 09, 2020 3:11 pm

Dammit. :lol:

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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Wed Sep 09, 2020 3:12 pm

They're going to be charging us interest soon.

Pavel Bure
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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Wed Sep 09, 2020 3:28 pm

Started buying $20 worth of bitcoin every pay. Still mad I hadn’t saved my back-up words in the cloud properly and my one son bricked the phone by throwing it in the toilet a couple years ago. Literally 5k down the drain with no way to recover it.
Last edited by Pavel Bure on Wed Sep 09, 2020 3:30 pm, edited 1 time in total.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Wed Sep 09, 2020 3:29 pm

I don't want to laugh at that story, but it is kinda funny. But also not.

Pavel Bure
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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Thu Sep 10, 2020 10:10 am

I don't want to laugh at that story, but it is kinda funny. But also not.
Yeah... I was not happy with Pavel Jr. once I realized that. I even researched methods of brute forcing my way into the wallet. No go.
.
I earned it in the relative infant stages of BTC to. You could do menial tasks on websites like reporting search engine results, writing reviews, proof-reading writings, etc. think mechanical Turk. BTC was only about $15 a coin at that point so they would pay you something like .001 coins per task.
.
There also wasn’t an easy way to buy/sell at that point. I tried to activate a Mt. Gox account but couldn’t get it to work. Hindsight, I guess I would have lost it all anyway due to their **** security.
.
One of my great regrets is not mining BTC with my home computer when it came out and 4chan was doing it for the lulz. You didn’t even need mining rigs at that point. Although that would have required maintaining a wallet and not losing the login info for over a decade.
Last edited by Pavel Bure on Thu Sep 10, 2020 10:18 am, edited 1 time in total.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Sep 10, 2020 10:16 am

Did you see if any phone shops could recover the data from the phone? I have no idea how feasible that is.

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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Thu Sep 10, 2020 10:20 am

Did you see if any phone shops could recover the data from the phone? I have no idea how feasible that is.
Yeah, that was step 1. Couldn’t even get it to take a charge to turn on. Took it to a shop and they couldn’t get it either which is where the brute force research occurred.

mikey
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Postby mikey » Thu Sep 10, 2020 10:30 am

You didn't take down the 12 words to your wallet that would allow you back into it...?

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Postby mikey » Thu Sep 10, 2020 10:32 am

Unrelated, one of my stock friends is loading up SPY 420c contracts (by the hundreds) for 11/20...no chance that works out, right? The stock market is gonna go in the toilet in October, isn't it? And Biden won't help it...but he seems pretty sure of it and he becomes really, really wealthy in no time if he's right...any thoughts from the smart people that work around this industry here...?

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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Thu Sep 10, 2020 10:37 am

You didn't take down the 12 words to your wallet that would allow you back into it...?
I did and thought it was saved on the cloud. Unfortunately, it wasn’t. New wallet has the twelve words in multiple locations. It wasn’t a huge deal, more like, “I have BTC and it’s price has gone quite high. I’ll let it ride.” This was also the time where the 12 words were something you made up. Between when I did that and when the phone was bricked (couple years) the model had changed to giving you the words instead. Either way it’s lost forever.

mikey
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Investing, Stock Market and Retirement Planning Thread

Postby mikey » Fri Sep 11, 2020 12:54 pm

Change of pace, it's time to swing for the fences...

SPY 420c for 12/18, 12/31, 1/15/21

Time to start adding contracts with every dip...100:1 upside, so long land...hello yacht...

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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Tue Sep 22, 2020 9:07 am

Not sure if there is a better thread for this but whatever:

I'm in the process of buying a home (went under contract last week) in this market full of savages. I'm looking at homeowners policies right now. I'm currently with Erie. The agent is trying to push an personal catastrophe/umbrella policy for $128 a year. I get the concept but i don't like buying insurance where i don't know what exact events will trigger the policy. Does anyone have this type of policy?

Is this a racket or a good value?

Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Tue Sep 22, 2020 9:12 am

Someone is hurt on your property (someone other than you or residents of your household)
As far as I can tell, this 128 a year would cover additional liability should you get sued. We live in a cursed country.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Tue Sep 22, 2020 9:56 am

My Erie agent sold me on this too, I think, and I think I did it. Sorry I'm no major help.

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Tue Sep 22, 2020 10:05 am

mac you are always a major help

Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Tue Sep 22, 2020 10:14 am

I would not buy this insurance, this is something for rich people who have significant resources that people might find pursuing court action a viable option. Think, squeezing juice out of the turnip metaphor.

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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Tue Sep 22, 2020 10:20 am

I would not buy this insurance, this is something for rich people who have significant resources that people might find pursuing court action a viable option. Think, squeezing juice out of the turnip metaphor.
You mean like Nicholas Sandmann suing the WaPo for $250 million?

Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Tue Sep 22, 2020 10:24 am

I would not buy this insurance, this is something for rich people who have significant resources that people might find pursuing court action a viable option. Think, squeezing juice out of the turnip metaphor.
You mean like Nicholas Sandmann suing the WaPo for $250 million?
I don't think so, more like pursuing civil litigation when Charles Koch's son runs over and kills your kid versus some uninsured loser.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Tue Sep 22, 2020 10:32 am

mac you are always a major help
Thanks. Since I like you I looked up my policy declarations.

I have property protection, and then I have "family and liability" protection. I do not know if these are standard or not. My home is $482 and the latter is $59 annually. I have $300k of coverage on the F&L.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Tue Sep 22, 2020 10:35 am

Ok the $59 is just an Erie Secure home plus endorsement.

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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Fri Sep 25, 2020 1:14 pm

@DigitalGypsy66: Have you noticed a change in how long it takes to for Marcus to process transfers these days? I just made my usual monthly transfer from my external credit union into my Marcus account, and the tracker says it will clear in 7 days. It has never been this long in the past.

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