Talking stocks, trading, and investing in general

[brokencycle]

Paid a whacking great capital gains tax bill. Even with the volatility, we had a couple of big liquidity events in the first half. With another 13.3% going to CA (including 1% Mental Health Surcharge) the effective rate was close to 40%. At least I can console myself with the thought that Steve Mnuchin will make sure it goes to the most needy Trump donor.

Your marginal rate on "earned income" can't be much higher can it?

 

[jbarwick]

TSLA to the moon!

 

[Omega Male]

Meanwhile ...

https://www.bloomberg.com/opinion/articles/2020-07-13/covid-fear-will-keep-the-world-in-a-slump?

This is about London but will hold I think for many of the mega-cities. See also the WSJ piece today about New Yorkers fleeing to Connecticut.

Revealed: The true scale of London's economic meltdown

An Evening Standard investigation: Saving Central London • 50,000 West End jobs at risk • 88% of people are uncomfortable using public transport • 96% drop in foreign bookings to the UK for July • 11 London branches of Pret shut down • Just 7,000 out of 120,000 back at work in Canary Wharf

www.standard.co.uk

The market is cuckoo bananas ...

 

[venividivicibj]

TSLA a self fulfilling prophecy at this point?

 

[reidd]

 

[otc]

TikTok - Make Your Day

www.tiktok.com

Gotta get this **** done tonight I think.

 

[the shah]

Could be, but assuming they make $10k profit per vehicle they sell, if they can reach production of 1M that’s a nice $10bn revenue. It depends on the China deal and the new batteries as well.
But most likely a bubble indeed!

 

[Omega Male]

“COVID-19 is now inversely related to the markets. The worse that COVID-19 gets, the better the markets do because the Fed will bring in more stimulus. That is what has been driving markets,” said Andrew Brenner, head of international fixed income at NatAlliance.

Federal Reserve's $3 trillion virus rescue inflates market bubbles

The Federal Reserve's $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets.

www.reuters.com

 

[beargonefishing]

So the US government's bailout priority seems to be:

1. Companies
2. Employees
3. Americans

 

[brokencycle]

I forgot about a Roth account I have, and that account is up 180% since I bought in 2013. Am I investing right?

 

[Texasmade]

I forgot about a Roth account I have, and that account is up 180% since I bought in 2013. Am I investing right?

Only if you're triple leveraged.

 

[brokencycle]

Only if you're triple leveraged.

If I was triple leveraged and only getting 9% annualized return, I suck. No, this was before I learned of the glory that is triple leverage (I hate to admit that there was such a time). Soon I plan to transition to spending all my time day trading triple leveraged options of VIX which means I should be getting about 180% return a day.

 

[jbarwick]

I forgot about a Roth account I have, and that account is up 180% since I bought in 2013. Am I investing right?

TSLA is up 277% YTD so you are underperforming...

 

[brokencycle]

TSLA is up 277% YTD so you are underperforming...

I'd be up like 20x if I bought TSLA rather than what I did.

I don't understand how TSLA is up 2x since May.

 

[Omega Male]

Fairly plausible argument.