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wormie

Asshat wormie

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I have no idea who the hell this guy is but this seems accurate :D

 
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Borzak

Borzak

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Someone mentioned earlier gas was going up and down around $0.35/gallon at the refinery right now before transportation and taxes.
 
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Sanrith Descartes

Sanrith Descartes

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smelling-money.jpg
 
Sanrith Descartes

Sanrith Descartes

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The last month or so has really jaded me. I see a day when we move less than 2% in either direction and I'm like "yawn, what a snoozer". I am truly unfazed seeing my portfolio down 2% or less. Its really kinda fucked up. I have circuit breaker syndrome.
 
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Pops

Pops

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Sorry Im crabby. There are opportunities here. I want ideas. I'm back to 85% cash, want to commit it to something. This isn't just BTFD for you Karens. Old dogs can learn new tricks.
 
Sanrith Descartes

Sanrith Descartes

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Pops said:
Sorry Im crabby. There are opportunities here. I want ideas. I'm back to 85% cash, want to commit it to something. This isn't just BTFD for you Karens. Old dogs can learn new tricks.
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85% cash? I think you missed the on ramp about 4 weeks back.
 
Pops

Pops

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Sanrith Descartes said:
The last month or so has really jaded me. I see a day when we move less than 2% in either direction and I'm like "yawn, what a snoozer". I am truly unfazed seeing my portfolio down 2% or less. Its really kinda fucked up. I have circuit breaker syndrome.
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Got to adapt. The IV on your options is dropping. So don't pay up. Unless proven, the lows have been seen on a lot of stuff.
 
Sanrith Descartes

Sanrith Descartes

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Pops said:
Got to adapt. The IV on your options is dropping. So don't pay up. Unless proven, the lows have been seen on a lot of stuff.
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We are settling into a more "normal" trough. Which is actually a good sign for the market. Its sort of a dead zone for me. The stocks that meet my criteria are currently above entry/add-on points. Same with my core ETFs. So for now I wait and look for an opportunity I like.
 
Sanrith Descartes

Sanrith Descartes

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Pops said:
I'm pissed kid. Let's see how prescient you are. Give us a call.
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XOM will be over $50 by July 1st.
MSFT will be over $190 by July 1st
QQQ will be over $230 by July 1st
BA will be over $300 by Dec 31st
 
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U

Unidin

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Foler said:
Thanks. I'll do my homework, reevaluate and prob circle in next month with some more questions.
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Here's the value of that advisor. If the market tanked 30% again, what would you do? Would you panic sell and lock in the losses? The advisor can give a buffer in those instances and talk you off of a ledge. If you're instead the person that would add cash to see it as a buying opportunity or just ignore the ebbs and flows besides some rebalancing once or twice a year, then it's probably not worth it. They can also be worth it for tax loss harvesting, which is more of pain to do on your own.

Disclosure: I work for a SMA firm who work directly with financial advisors. We do very little active management and I can see value in the portfolios with loss harvesting.
 
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