Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. idfnl

    idfnl Senior member

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    In general, I agree, the tax on capital gains is significant. I've never asked myself this, but on reinvested dividends - also taxed? I suspect not, but I have doubt. If they are not taxed,, then there is significant benefit to reinvestment. The dividend stocks, for me, are held through retirement vehicles, so it doesn't matter.

    Given the tax situation, I agree with your strategy for the most part. There is no point in trading gains when you have to pay capital gains on it.
     
    Last edited: Jul 7, 2014


  2. idfnl

    idfnl Senior member

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    Look, I know that innately, as well as a dozen friends tell me the same thing. I just can't accept the loss. I would rather sit on the stock for five years and make 5%, then lose 50 and make 200 back with another position. Seriously, it's like the kind of dysfunction you see in romantic relationships where the woman hangs on to a shitty guy regardless.
     
    Last edited: Jul 7, 2014


  3. idfnl

    idfnl Senior member

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    I don't understand why Seeking alpha gets all the bullshit critique I see. It's just an opinion based blog, for lack of a better characterization. When you consider in the context, you scrutinize what you read a lot more, and I do that, and I will say wholeheartedly that I come away with regular ideas from writers on the site. I also get a lot of "who the fuck would believe this" stuff, but in general, there are a lot of smart people that contribute. This reminds me of all the criticism Bill Simmons gets in the NBA thread. Also, there are lots of CFA charter holders that regularly write on site, there is lots of intelligent commentary. If anyone takes it as anything more than opinion, then the site fails to deliver. Do your own research, it's true here and everywhere.


    Okay, so I did my rebalancing today. I shifted 10% of my portfolio into dividend ETFs.

    Yyy
    Sdog
    Pff
    Mdiv
    Kbwd

    I'm well aware they may average down, I will be there, but in general, I was not weighted heavily enough into dividends.
     


  4. AriGold

    AriGold Senior member

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    thinking about getting into SPWR for long term solar energy exposure. These guys seem to be innovators in their space. Thoughts?
     


  5. amerikajinda

    amerikajinda Senior member

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    Nice! :slayer:
     


  6. GreenFrog

    GreenFrog Senior member

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    Half the shit I see on that website are from self-congratulatory fucks who start off their articles with "hurr durr look at my past article guise (link) where I said xyz would happen to this stock and by golly I was right!!"

    They then conveniently forget to mention the 47 other times their past articles were completely wrong.

    That and the die hard opinionated who say shit like AAPL will only sell 5% of it's iWatch to its user base because men view watches as status symbols, not toys, and children have tiny wrists that are still developing so they won't fit!! And other stupid bullshit like that.

    All based on personal, qualitative conjecture.

    That and the cherry picked data to fit each person's narrative.

    It's honestly amateur hour over there and I'm not saying I'm a pro who knows what he's doing, but I'm at least self aware enough to say that I'm not a pro who knows what he's doing.

    Every so often you'll see some articles with well thought out ideas and rational data points to back them up. Those are very much not the norm.
     
    Last edited: Jul 8, 2014


  7. idfnl

    idfnl Senior member

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    Perhaps I naturally avoid the types of headlines you're describing, but I don't really see very many articles like that there. For myself, I'm glad it exists and I continue to gain an occasional insight from reading Seaking alpha. I'm not really sure it's any better or worse than much of the bullshit that gets written in a lot of magazines and newspapers. There's a big difference between something being well thought out and well written. I don't find very many pieces of information that are well thought out, but plenty that are well written. Maybe some people confuse the two.

    Another guy that gets a lot of shit is Cramer. I'd be hard-pressed to name a guy that invests as much time into understanding the markets as he does. In fact, his analysis of rite aid a few days ago was excellent. Good enough so that I actually bought some on today's dip. He's not an oracle but he's often right with his picks and I do like to listen to his ideas.

    It's a fucking sea of red today.
     
    Last edited: Jul 8, 2014


  8. guyver00

    guyver00 Senior member

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    If you're not cutting your losers today, then you're basically saying you're willing to buy more today at a lower price point.

    You seem to understand your irrationality of trying to break even, so it should make it easier for you to change, no? What haunts me most is loosing out the gains of stocks on my watch list because I wasn't willing to cut losers and move my money around.
     


  9. lawyerdad

    lawyerdad Senior member

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    If being purely rational were such an easy thing, none of us would be wasting time on stylforvm.
     


  10. idfnl

    idfnl Senior member

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    I never think about a purchase I didn't make which turned out to be a winner. I never even get annoyed by selling too early. I do, though, get annoyed by selling too late on a downturn.

    I cut 2 losers today, PAY and NUAN, they helped me fund the RAD purchase from earlier today. So I sorta needed the online therapy of admitting I was being stupid.

    The one position that's starting to turn bad apple on me is fucking DB.
     


  11. otc

    otc Senior member

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    I've got a stock floating out there that is such a loser that its not even worth the fees for me to sell it....The thing hit rock bottom, did a reverse split, and hit rock bottom again (trading on pink-sheets already so not like they would get de-listed)

    The position is worth $17 now...which is a little more than exiting the transaction would cost...but I feel like the gamble that the company might actually turn out some successful research is worth more than the tiny amount of money I would get back.
     


  12. jbarwick

    jbarwick Senior member

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    Now that's a story. Hang onto that loser and maybe something will happen!
     


  13. guyver00

    guyver00 Senior member

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    Yes, otherwise none of us would be obsessing about the different weaves of grenadine, or the thickness of the interlining of a tie :D.

    But for me, at least after reading up on behavorial finance, I feel I'm now less biased and emotional. Of course, I could just be an overconfident ape full of blind spot biases :D
     


  14. idfnl

    idfnl Senior member

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    Years ago I bought JRT, $3000 worth. The stock tanked and went OTC.BB, sold it for $12. I just didn't even want to see the listing in my portfolio anymore.
     


  15. GreenFrog

    GreenFrog Senior member

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    Gents, prepare yourselves for blood today.
     


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