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Talking stocks, trading, and investing in general - Page 664

post #9946 of 11160
Don't you love that the jobs report added 280k jobs but unemployment rose .2%. Green today all around in response to that but safety investments are still on the uptick. Gold miners kicking ass still and NVDA went to its ATH today.
post #9947 of 11160
Quote:
Originally Posted by horndog View Post

Don't you love that the jobs report added 280k jobs but unemployment rose .2%. Green today all around in response to that but safety investments are still on the uptick. Gold miners kicking ass still and NVDA went to its ATH today.

No surprise. With how few people have saved for retirement (or in general) when the market becomes attractive enough people will start to work.

 

I think people have forgotten just how expensive it is to work. 

 

I have a friend who works in NJ. If he choose to live at home with family I'd spend $800+ a month on LIRR and NJ Transit just to get to his office and then still have a 40 min walk if he didn't want to keep a car here. 

 

If he drove from LI he'd have to pay about $35 a day in tolls plus gas and insurance. 

 

If he drove from NYC he'd have to have an apartment there and rent a parking spot there plus about $15 in tolls. 

 

If he took the train from NYC he'd still need the apartment plus $450 for NJ transit plus the walk or car here.

 

This situation isn't that typical, but at a certain point there is so much time and expense that if his job paid any less (and they do pay new hires far less than they pay him) it simply wouldn't be worth it anymore to not just be a stay at home dad. 

post #9948 of 11160
Quote:
Originally Posted by lawyerdad View Post


why down on VRX?
post #9949 of 11160
Pretty much all green today, seeing some pretty decent recovery here. Sold off a few positions and trimmed a few others. Looks like it's very very close to where I'd like to start getting money back out. I'm feeling like this thing may have another push or two more up before is starts coming back down again. I expect to start selling next week, whether everything goes up 5-10% more or even if it starts dipping, either way, I'm pulling some cash out.
post #9950 of 11160
I did not buy or sell anything last week or this week. I am now up about 8% for the year and have had $0.00 in transaction costs.

I'm not upset?
post #9951 of 11160
Quote:
Originally Posted by ThinkDerm View Post

why down on VRX?
Is that "how was fhe play Mrs. Lincoln?"
I actually have no opinion on VRX current price v. Value. Was just pimping GF about buying more of something he's already ridden downwatds in the always tricky search for a bottom. ( cue Hroi)
post #9952 of 11160
Oh did I already mention this one? SPI I think they're solar? I keep seeing big % swings. Anyone know about them or have any opinions?


Thoughts on MCC? Very small cap, very high yield... I'm thinking of going in under 7 and taking a fuller position around 6.5 or under (if it goes there) - http://seekingalpha.com/article/3985570-high-dividend-investing-13-reasons-buy-18_3-percent-yielder
Edited by Master-Classter - 7/9/16 at 7:23am
post #9953 of 11160

As I stare more at my portfolio, I realize it gets to be a pain in the ass if I want to buy the dip on something.  Not to time the market per se but to get a discount on a certain asset like the S&P on down days.  I used the website Portfolio Analyzer to look back on my portfolio vs. much simpler portfolios as I have assets across 6 accounts which can be tricky.  Well my portfolio of S&P, REITs, International, and Bond exposure doesn't do as well as much simpler S&P and Bond allocations.  Plus in the world of only buying funds, these always have <0.10% expense ratio.  I am thinking, since June is usually when I review the overall portfolio, that I may move to a S&P and Bond allocation which will make life easier not only for me but also for my wife if she has to take over because I die.

 

100% S&P is simple enough but I will probably throw in bonds as well so an 80/20 portfolio does not seem bad.  Plus down days like last August, February, and the Brexit, I can buy some more S&P and not be stuck with only a few other asset classes to contribute to.  

 

Something funny I read this week was about the American Century employees suing to get other options in their 401k because the expense ratios are always high on those funds and people were just paying their company back without any meaningful return on their retirement portfolios.  It is like a chef not eating their own cooking.

post #9954 of 11160
The trouble being that buy the dip usually turns into a little bit more. I dont mind, it's just how I do, but sometimes it can be a marriage when you only wanted to date.
post #9955 of 11160
I'm heavy on the S&P but also have a couple of sector ETFs/funds in things like bio-tech (dog this year), tech, and some foreign economies (don't invest in Canada unless it's a looonnngggg play).

The January slump used up any and all cash I could deploy but probably is what gave me much of the YTD gain. Everything else going in this year is per pay period so I'm just DCA into the already picked funds. Mrs. Piob's new government job rocks for retirement as on top of her awesome pension that 457 is great and being maxed.
post #9956 of 11160
Jbarwick - I have some of the same challenges. I have 4 different 401(k)s and unfortunately don't want to consolidate them into my new company's plans because it has the worst options. I'm on the 401(k) investment committee so will have some say in which funds we offer going forward but still not sure the offerings will beat what I have available elsewhere.

I also unfortunately still have a strong cash position because I wanted to give myself opportunity to DCA if the market went down further in Feb but it obviously didn't happen. Should probably build a stronger bond position but as this would be taxable I want to go for muni bonds and the two funds I am interested in are at all time high. I was hoping rising interest rates would drive down the prices but no such luck.

I am also now looking strongly at PSLDX which is a notional S&P fund laid over derivatives. I have no idea how it works but it sounds interesting and has been performing well for year. Concerned about chasing yield but it seems like it may just be a better version of the basic S&P index fund.

Overall, largely because of my 401(k)s my portfolio is more complicated than my bogle head tendencies care for. Because so much of my portfolio is VTI, my blended expense ratio is pretty good but I still have some funds that I should trim because they are not so good on fees.

Pio - I don't know about you but even in my low expense ratio fund portfolio those expenses far outweigh any trading fees I might incur.
post #9957 of 11160
Quote:
Originally Posted by UnFacconable View Post


Pio - I don't know about you but even in my low expense ratio fund portfolio those expenses far outweigh any trading fees I might incur.

UnF, I was thinking more about the folks here that are constantly trading in individual stocks and such (in what I figure are also often unsheltered brokerage accounts.)
post #9958 of 11160

Vanguard TF 2055 has returned 3.5% YTD.  We are on autopilot and I do not regularly monitor the market -- maximum contributions to both 401k's and IRA's in TF 2055 accounts.  We are 20-30 years away and let compound interest do its work.

post #9959 of 11160
Quote:
Originally Posted by horndog View Post

Don't you love that the jobs report added 280k jobs but unemployment rose .2%. Green today all around in response to that but safety investments are still on the uptick. Gold miners kicking ass still and NVDA went to its ATH today.

Holy shit at nvda...I was planning on pitching this in November. Really kicking myself.
post #9960 of 11160
Quote:
Originally Posted by jbarwick View Post
 

As I stare more at my portfolio, I realize it gets to be a pain in the ass if I want to buy the dip on something.  Not to time the market per se but to get a discount on a certain asset like the S&P on down days.  I used the website Portfolio Analyzer to look back on my portfolio vs. much simpler portfolios as I have assets across 6 accounts which can be tricky.  Well my portfolio of S&P, REITs, International, and Bond exposure doesn't do as well as much simpler S&P and Bond allocations.  Plus in the world of only buying funds, these always have <0.10% expense ratio.  I am thinking, since June is usually when I review the overall portfolio, that I may move to a S&P and Bond allocation which will make life easier not only for me but also for my wife if she has to take over because I die.

 

100% S&P is simple enough but I will probably throw in bonds as well so an 80/20 portfolio does not seem bad.  Plus down days like last August, February, and the Brexit, I can buy some more S&P and not be stuck with only a few other asset classes to contribute to.  

 

Something funny I read this week was about the American Century employees suing to get other options in their 401k because the expense ratios are always high on those funds and people were just paying their company back without any meaningful return on their retirement portfolios.  It is like a chef not eating their own cooking.

Keep in mind S&P has performed exceptionally well and so has bonds. 

 

I have my 401k in index funds and then a robinhood account (no trading fees) on the side. It lets me both have the bulk of my money in the simple account while taking advantage of opportunities I see arising. 

 

My company just started offering a Roth 401k, so I am contributing into it for a 100% bond allocation to preserve capital for now. I don't mind taking some risks with a 401k since the money is untaxed and I'll only pay tax on what I take in the end, but with the Roth I've already paid the tax and this want to be more strategic in deploying it when market valuations fall more into line. 

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