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Talking stocks, trading, and investing in general

Piobaire

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So my advice works for the 99%? Probably a good answer on a web board, no? And I still think there’s probably better solutions than whole life for the 1%.
 

otc

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I'm thinking about wiping most of my remaining single-stock positions.

Maybe not the taxable ones, but probably the 5 in my IRA which make up ~25% of the total (one of which is 10%).

So my advice works for the 99%? Probably a good answer on a web board, no? And I still think there’s probably better solutions than whole life for the 1%.
For UHNW, does it even count as insurance anymore? Sure, that's technically the product and legal structure...but what exactly are you insuring against? All of your other massive piles of money provide enough self-insurance for anything that could possibly be needed after you die.
 

otc

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Luckily these bad boys aren't taxable:
1582134265628.png

VWDRY, GOOG, and GOOGL
 

gettoasty

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So my advice works for the 99%? Probably a good answer on a web board, no? And I still think there’s probably better solutions than whole life for the 1%.
Yeah, no right or wrong answer IMO. It all depends.

I imagine for UHNW life insurance can stave off the estate tax, no?
 

otc

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Ok fine, the google ones are a bit silly at 2 shares a piece. It is an IRA, so fresh cash is limited and it is not like I sell funds/ETFs to buy individual stocks.
I own both because I had them pre-split.
1582135082238.png

I've already trimmed the Vestas position several times as it likes to get very overweight in my portfolio.

The other individuals I still hold all have more normal double digit returns over the last few years (and a few negatives, although I think they are positive total return after including dividends)
 

brokencycle

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Ok fine, the google ones are a bit silly at 2 shares a piece. It is an IRA, so fresh cash is limited and it is not like I sell funds/ETFs to buy individual stocks.
I own both because I had them pre-split.
View attachment 1339954
I've already trimmed the Vestas position several times as it likes to get very overweight in my portfolio.

The other individuals I still hold all have more normal double digit returns over the last few years (and a few negatives, although I think they are positive total return after including dividends)
How did you get such huge gains on VWDRY? Did you buy in 2012?
 

otc

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How did you get such huge gains on VWDRY? Did you buy in 2012?
I bought a few tranches. Was one of my first 3 stock purchases ever back in probably late 2008 (alongside Apple and SunPower...one of which paid off), but yeah, most of the gain is from the big chunk of shares that were bought in April 2013.

edit: I guess you could say all of the gains as I bought the more shares then than I currently own in that buy, and most brokers default to FIFO when choosing which shares to actually sell.
 
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Piobaire

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It’s just index funds but you should see the % some of my tranches from the 90s have. It’s proof that long term index investing works.
 

otc

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#YOLO...I did it.

I no longer have any individual stocks in my IRA.
Still have some Google and Bank of America in my taxable account (sold the rest there in 2018), but I gotta think whether it makes more sense to realize the tax this year or hold off. I might have some realized loss carryover from 2019, but I won't know for sure until I do my taxes.
 

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