Investing General Discussion

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Gravel

Mr. Poopybutthole
36,050
113,850
Guess institutional investors were just sitting on giant piles of money.
I posted about it about a month ago, but there was a massive institutional buy threshold at I want to say around 4030. Once we hit it, it was off to the races.

I'm still concerned this is just a bull trap, but I'm hoping maybe we can hit something like 4200 by the end of the year.
 
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Mist

Eeyore Enthusiast
<Gold Donor>
30,275
22,008
Time to start thinking about harvesting one of these losses for tax purposes. Any suggestions? Does it even matter? Also #lossporn

1669846943630.png
 
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Mist

Eeyore Enthusiast
<Gold Donor>
30,275
22,008
How much realized gain are you looking to offset? And I cant believe you didnt take the profits from INTC way back when.
At least it pays dividends. But yeah, that was real dumb.

Looking to offset about 17k in realized gains from the AVYA YOLO plus other stuff. More if I sell my SPY...
 

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
At least it pays dividends. But yeah, that was real dumb.

Looking to offset about 17k in realized gains from the AVYA YOLO plus other stuff. More if I sell my SPY...
Honestly most of those stocks are decent and I wouldnt harvest them. I think crypto is ass, but there are enough retards that it might make another run at some point.
 
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Mist

Eeyore Enthusiast
<Gold Donor>
30,275
22,008
Honestly most of those stocks are decent and I wouldnt harvest them. I think crypto is ass, but there are enough retards that it might make another run at some point.
I dunno if Greyscale will ever recover. It's on the list of the next victims after FTX and BlockFi.

Gonna give it a week or so to see if it even comes back up to 8 or 9.
 

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
I dunno if Greyscale will ever recover. It's on the list of the next victims after FTX and BlockFi.

Gonna give it a week or so to see if it even comes back up to 8 or 9.
Ill he honest, i am not 100% sure the crypto count as offsets. I am pretty sure they do without looking it up, but i made money on my BTC trades so never had to look up treatment of crypto losses.
 

Mist

Eeyore Enthusiast
<Gold Donor>
30,275
22,008
Ill he honest, i am not 100% sure the crypto count as offsets. I am pretty sure they do without looking it up, but i made money on my BTC trades so never had to look up treatment of crypto losses.
It's not crypto, it's shares in a trust that buys crypto, so it's not like buying actual tokens, it's just an OTC stock.
 
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Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
JEPI went ex-dividend today at $0.6104 . That's a dividend yield of 10.60%. JEPI is a premium income generator via equities. Top ten holdings are:

1669902135816.png


Thanks Blazin Blazin for turning me on to this last year. It has been a solid fit for my mom's fixed income portfolio.
 
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karma

Molten Core Raider
431
515
I need to learn to pay attention to dates lol, I moved some money into an account the other day and bought some JEPI this morning. JUST in time to miss the dividend :( guess I shouldnt have put it off last night!
 
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Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
I need to learn to pay attention to dates lol, I moved some money into an account the other day and bought some JEPI this morning. JUST in time to miss the dividend :( guess I shouldnt have put it off last night!
luckily its a monthly payout (like a bond).
 
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Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
Every little bit helps.

 
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Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
You know your stocks have been in the toilet for a while when a couple of good days and you start seeing all these 13 week highs popping.

1669920362445.png
 

Falstaff

Ahn'Qiraj Raider
8,311
3,165
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Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
"
In terms of the market's reaction to the headline jobs print, this is what Goldman expects:

  • >261k (aka higher than last print) S&P down at least 2%
  • 175k – 261k S&P down 1 – 2%
  • 125k – 175k S&P up 50bps - 1%
  • 0 – 125k S&P up 1 - 2% <0 S&P down 1 – 2% on R word fears"


And down the toilet we go...

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