Investing, Stock Market and Retirement Planning Thread

NTP66
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Postby NTP66 » Fri Feb 05, 2021 9:59 am

Which is why ARKK would be my main target. I still think there's a chance that it bursts eventually, because it just seems overvalued. Who knows, though.

Pavel Bure
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Postby Pavel Bure » Fri Feb 05, 2021 10:06 am

What are the group’s thoughts on NIO? Looking for some longer term holds to go with my 401k

MrKennethTKangaroo
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Postby MrKennethTKangaroo » Fri Feb 05, 2021 10:10 am

Individual Chinese stocks?

Do not want.

mac5155
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Postby mac5155 » Fri Feb 05, 2021 10:13 am

What's everyone's opinion on Nokia?
I bought a couple shares at $5 because I liked their 5G prospects, it was a pretty low risk stock, and I didnt think it was a meme stock at the time.

mac5155
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Postby mac5155 » Fri Feb 05, 2021 10:14 am

Invested my GME and AMC gains in ARK funds, and going to keep adding to them. Saving my initial investment for the ARKX IPO. Thanks for the tip @mikey
When is the ARKX IPO?

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Postby mikey » Fri Feb 05, 2021 10:16 am

NIO is fake news...

I pumped and dumped it many months ago, as I am prone to doing...

mac5155
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Postby mac5155 » Fri Feb 05, 2021 10:17 am

Robinhood removes GME restrictions, among others, GME surges 40%.


:pop:

NTP66
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Postby NTP66 » Fri Feb 05, 2021 10:17 am

Source of the post pumped and dumped
Source of the post as I am prone to doing
:lol:

Willie Kool
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Postby Willie Kool » Fri Feb 05, 2021 10:22 am

Which ARK funds? I'm looking at a 50/50 split or ARKK and ARKG right now.
I spread it around and got a couple shares of all 5 plus PRNT. I figure I'll watch how they do and add on accordingly. Since we paid off the house, the plan was to just up our 401k contributions, but I'll give this a try for a while too.

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Postby Willie Kool » Fri Feb 05, 2021 10:29 am

Invested my GME and AMC gains in ARK funds, and going to keep adding to them. Saving my initial investment for the ARKX IPO. Thanks for the tip @mikey
When is the ARKX IPO?
Upon further research, it looks like towards the end of March at the earliest, so I'll probably invest that $ too until then.

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Postby dodint » Fri Feb 05, 2021 10:42 am

What do you set aside for taxes when you trade? I know every situation is different but I'll throw it out there. We're in the 22% tax bracket so that should probably be my ceiling, right? I ask because when we get bonus pay at work they withhold something ridiculous like 35% and that seems unnecessary. Being married filing jointly with a spouse not working most of my federal withholding is at the 12% rate.

NTP66
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Postby NTP66 » Fri Feb 05, 2021 10:42 am

Which ARK funds? I'm looking at a 50/50 split or ARKK and ARKG right now.
I spread it around and got a couple shares of all 5 plus PRNT. I figure I'll watch how they do and add on accordingly. Since we paid off the house, the plan was to just up our 401k contributions, but I'll give this a try for a while too.
Funny, I was considering PRNT, too. We've been trying to increase our brokerage account contributions every year, upping it $200/month every year. My wife has pushed back on that in the past, for no good reason, so I may just cover the extra myself. Our brokerage account is definitely the lowest of them all, so I'd like to make up some ground.

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Postby willeyeam » Fri Feb 05, 2021 10:42 am

PENN is the goat stock

mac5155
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Postby mac5155 » Fri Feb 05, 2021 10:46 am

What do you set aside for taxes when you trade? I know every situation is different but I'll throw it out there. We're in the 22% tax bracket so that should probably be my ceiling, right? I ask because when we get bonus pay at work they withhold something ridiculous like 35% and that seems unnecessary. Being married filing jointly with a spouse not working most of my federal withholding is at the 12% rate.
I have been MFJ and we always end up with a decent refund thanks to student loan interest, childcare deduction, and having a dependent. I would set aside 20% if I were you and then if you need it, you need it. If not, it's good.

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Postby dodint » Fri Feb 05, 2021 10:50 am

Yeah, that's what I was thinking. I don't have all those fancy kid subsidies but it should work out the same to a lesser degree.

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Postby MalkinIsMyHomeboy » Fri Feb 05, 2021 12:46 pm

I'm guessing other brokers are similar but I've been trying to figure this out on TD

when you buy a certain stock at two different points of time, the stocks are seemingly grouped together. For example, say I buy 1 share of AAPL. 8 months later, I buy another share. When I look at my portfolio, I see two shares

let's say the price jumps up after 4 months, so the first share I bought is now subject to long term cap gains rather than short term. When I go to sell, is the brokerage smart enough to choose the longer term share rather than the shorter term? is it like a queue (First in, first out)?

NTP66
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Postby NTP66 » Fri Feb 05, 2021 12:50 pm

I'm guessing other brokers are similar but I've been trying to figure this out on TD

when you buy a certain stock at two different points of time, the stocks are seemingly grouped together. For example, say I buy 1 share of AAPL. 8 months later, I buy another share. When I look at my portfolio, I see two shares

let's say the price jumps up after 4 months, so the first share I bought is now subject to long term cap gains rather than short term. When I go to sell, is the brokerage smart enough to choose the longer term share rather than the shorter term? is it like a queue (First in, first out)?
You need to find where your cost basis settings are in your TD account. For instance, the default at Vanguard (and probably all major brokers) is FIFO (first in, first out). For a brokerage/taxable account, you should be able to change this to HIFO (highest in, first out) or a few others. When you go to sell that particular stock, you'd be able to choose which shares/lot you want to sell from first.

Dickie Dunn
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Postby Dickie Dunn » Fri Feb 05, 2021 12:51 pm

I'm guessing other brokers are similar but I've been trying to figure this out on TD

when you buy a certain stock at two different points of time, the stocks are seemingly grouped together. For example, say I buy 1 share of AAPL. 8 months later, I buy another share. When I look at my portfolio, I see two shares

let's say the price jumps up after 4 months, so the first share I bought is now subject to long term cap gains rather than short term. When I go to sell, is the brokerage smart enough to choose the longer term share rather than the shorter term? is it like a queue (First in, first out)?
TD defaults to FIFO, but when placing a sell you can specify LIFO, Highest Cost, Lowest Cost, Average Cost, Specific Lot, or Tax Loss Harvesting.

MalkinIsMyHomeboy
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Postby MalkinIsMyHomeboy » Fri Feb 05, 2021 12:56 pm

thanks!

I hadn't seen the place where I can specify but I don't care as much as long as its FIFO

Tomas
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Postby Tomas » Fri Feb 05, 2021 2:06 pm

TIL Martin Skhreli blogs from jail.

Even more interestingly - this one is quite an cool entry!
https://martinshkreli.com/blog/f/jail-j ... attlefield

MrKennethTKangaroo
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Postby MrKennethTKangaroo » Fri Feb 05, 2021 2:10 pm

that guy is such a tool

Dickie Dunn
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Postby Dickie Dunn » Fri Feb 05, 2021 4:45 pm

So how do you get stock tips like TLCC?

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Postby count2infinity » Fri Feb 05, 2021 4:48 pm

Only up 439,900.00% today??? Psh...

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Postby Dickie Dunn » Fri Feb 05, 2021 5:20 pm

Can’t imagine the nightmare of selling out of that trade. No idea what caused it to go up because the volume seems limited. $1k at the open would have gotten you 10MM shares in an illiquid stock with your investment suddenly worth $4.4MM.

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Postby Pavel Bure » Sat Feb 06, 2021 11:21 am

This stuff is addicting in a research sense. I’m super small time so I’m in no hurry. This seems interesting, what really caught my attention was that they’re backed by Saudi money which IMO means they have a nearly infinite runway if an acquisition happens.

TLDR: capital group in talks to acquire an electric car maker focused on luxury. They have great kilowatt usage numbers and Saudi money backing them

https://www.google.com/amp/s/www.fool.c ... igher-tod/

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