Talking stocks, trading, and investing in general

[gdl203]

For some inexplicable reason my original account is nearly inoperable and has been for months. As soon as I login, the page crashes and I can rarely get it to work. But this new account works great. I would like to know how that's possible.

Most logical explanation is that (((@LA Guy )))) is part of this big tech coordinated attack on expression

 

[Texasmade]

For some inexplicable reason my original account is nearly inoperable and has been for months. As soon as I login, the page crashes and I can rarely get it to work. But this new account works great. I would like to know how that's possible.

Lol, roughly translated as “For some reason every time I login the site won’t let me. My username is blocked but when I reregister with a different email and new username everything works all of a sudden. So weird.”

 

[Omega Male]

Meanwhile.

 

[otc]

Was feeling the same way, but ran the projections this morning as if I'd invested that money and it doesn't reallllly move the needle that much. Would rather know that I'd sleep like a baby should the worst (e.g., job loss + market dump) happen. Might be worth doing the same.

Realistically, I am probably sitting on 2 years of covid time expenses (which is probably a good proxy for a "lost job but want to keep living relatively normal while I search" spending...). Especially when you consider there's no taxes so a dollar of savings is worth more than a dollar of income.

That's too much in cash... That's plenty of time to come up with a plan to liquidate investments and minimize SORR

 

[Darkside]

Really nice podcast with a debate of opposing views if you’re into that sort of thing.

 

[venividivicibj]

one use ebooks cost up to 500% more than print - happens coincidentally during the time when students don’t have access to their schools bookstores to get print.

$724.50 — The approximate price, equivalent to £528, that book publisher McGraw Hill is charging for a single-use e-book version of its Fundamentals of Corporate Business textbook in the U.K. The book usually costs $90.50 in print. In the U.K., textbook publishers are charging universities high markups for e-books as students are forced to complete their studies from home due to the pandemic. A spokesman for McGraw Hill said the company was "deeply focused on affordability in higher education."

'Price gouging from Covid': student ebooks costing up to 500% more than in print

Call for inquiry into academic publishers as locked-down students unable to access study material online

www.theguardian.com

 

[venividivicibj]

Realistically, I am probably sitting on 2 years of covid time expenses (which is probably a good proxy for a "lost job but want to keep living relatively normal while I search" spending...). Especially when you consider there's no taxes so a dollar of savings is worth more than a dollar of income.

That's too much in cash... That's plenty of time to come up with a plan to liquidate investments and minimize SORR

Isn’t usual recommendation somewhere around 3-6 months?

 

[Omega Male]

Yup. Financial advisors hate idle cash. We'd always kept a year's cushion at our annual run rate but our new guy talked us down to six months and clearly would have preferred three. Obviously there's some moral hazard as they only get paid on the assets they manage, which typically don't include your personal bank accounts.

 

[Piobaire]

I think you need to adjust cash reserves based on current conditions. Secure job, under 40, low monthly nut? Sure, three months is fine. Unemployed, over 50, and have a certain lifestyle? Yeah, a couple of years is not too much.

YMMV.

Once I get back to work I'll trim cash but not until then. In retirement I still like the idea of a HELOC type instrument to be the main hedge against SORR issues.

 

[Jr Mouse]

How I feel reading this thread.

 

[Texasmade]

North Texas Investor Uses GameStop Gains to Help Sick Children

Amid the Wall Street drama surrounding GameStop and Robinhood, some investors taking part in the GameStop short sale are using their proceeds to do good deeds for others.

www.nbcdfw.com

At least someone is using some of their gains for good by buying Nintendos from GameStop and donating them to kids.

 

[brokencycle]

Realistically, I am probably sitting on 2 years of covid time expenses (which is probably a good proxy for a "lost job but want to keep living relatively normal while I search" spending...). Especially when you consider there's no taxes so a dollar of savings is worth more than a dollar of income.

That's too much in cash... That's plenty of time to come up with a plan to liquidate investments and minimize SORR

Realistically I'm over a year right now, and that number will start growing quickly. Need to start upping investment contributions.

Yup. Financial advisors hate idle cash. We'd always kept a year's cushion at our annual run rate but our new guy talked us down to six months and clearly would have preferred three. Obviously there's some moral hazard as they only get paid on the assets they manage, which typically don't include your personal bank accounts.

I'm surprised you have a financial advisor.

How I feel reading this thread.

View attachment 1545912

Yeah, who let you in here?

North Texas Investor Uses GameStop Gains to Help Sick Children

Amid the Wall Street drama surrounding GameStop and Robinhood, some investors taking part in the GameStop short sale are using their proceeds to do good deeds for others.

www.nbcdfw.com

At least someone is using some of their gains for good by buying Nintendos from GameStop and donating them to kids.

How can someone be spending their gains. It wasn't buy and sell to help people. It was buy and hold to the moon.

 

[Omega Male]

I'm surprised you have a financial advisor.

Haven't until now as we're cheap. But when you actually sit down and build a model and it shows ~90% of your (potential) net worth is in highly-levered and illiquid equity, you realize you need a plan. We got a friends and family pricing deal through a work connection and ended up paying a blended rate of about 65 bips, which is competitive with the top tier options at say Wealthfront or Betterment. I think we will make the fees back just in tax efficiency.

 

[Scramm]

Looks like reddit is rotating from GME to silver. Curious how the two will play out over the next week.

For me I have a year in cash, everything else in equities. I should probably move more into equities though.

 

[venividivicibj]

Looks like reddit is rotating from GME to silver. Curious how the two will play out over the next week.

For me I have a year in cash, everything else in equities. I should probably move more into equities though.

Lol silver.