Investing General Discussion

Aldarion · Dec 2, 2022

not far enough yet but at least we're back to moving in the right direction!

Sanrith Descartes · Dec 2, 2022

Aldarion said:
not far enough yet but at least we're back to moving in the right direction!

I think we are in the +4% then -3.5% portion of the current rally.

Moglyzoke Moogleman · Dec 2, 2022

Sanrith Descartes · Dec 2, 2022

Moglyzoke Moogleman said:
I'm just parachuting in to point out the $1 per share dividend $USEA is paying out in January. Record holders as of the 12/12 will receive.

GL out there.

Just to add some context. You need to be "really" conscious of the company before jumping in and playing capture the dividend. I am not saying it in this case, but some companies paying extreme dividends are a crapshoot.

Mist · Dec 2, 2022

Rate hikes will continue until the worker class is appropriately disciplined.

Sanrith Descartes · Dec 2, 2022

Mist said:
Rate hikes will continue until the worker class is appropriately disciplined.

Remember, investing isnt about picking the right stocks or understanding market fundamentals. Its all about picking what the algos are going to do when they see a certain tweet.

Moglyzoke Moogleman · Dec 2, 2022

Sanrith Descartes · Dec 2, 2022

Moglyzoke Moogleman said:
This is one of my bags. I wouldn't try to play it but I'm already 2550 shares deep. (In July I reached max frustration and nuked what remained of my account on this and one other ticker.)

The company is mega dogshit -> back to back offerings on its' run up.

I have already given you my TedTalk on this. You should be owning SPY/IVV/QQQ/FTEC/ITOT or some other variant and looking at it once a year.

Moglyzoke Moogleman · Dec 2, 2022

Sanrith Descartes · Dec 2, 2022

ABBV back over $160. Bitch is unstoppable.

Sanrith Descartes · Dec 2, 2022

Moglyzoke Moogleman said:
View attachment 445682

You right, you right.

Gravel · Dec 2, 2022

Damnit, I strongly considered putting in a sell order for maybe 1/4 of our 2023 expenses yesterday.

I'm not sure when Vanguard executes trades, as this will be the first time we sell. I imagine you probably have to have it in by a certain time and then it settles out at the end of the trading day?

Sanrith Descartes · Dec 2, 2022

Gravel said:
Damnit, I strongly considered putting in a sell order for maybe 1/4 of our 2023 expenses yesterday.

I'm not sure when Vanguard executes trades, as this will be the first time we sell. I imagine you probably have to have it in by a certain time and then it settles out at the end of the trading day?

It depends on the type of instrument. ETF's trade like stocks. Mutuals only trade at the end of the day.

Sanrith Descartes · Dec 2, 2022

ps..

Gravel I am not 100% sold that we end in the red today. Keep an eye on the market today if you are thinking of selling something. If its a mutual then it doesnt really matter though.

Gravel · Dec 2, 2022

Sanrith Descartes said:
ps.. Gravel I am not 100% sold that we end in the red today. Keep an eye on the market today if you are thinking of selling something. If its a mutual then it doesnt really matter though.

Yeah, they'll be mutual funds (VTSAX) out of our taxable account. I've mostly been hoping we can hit 4100 for the first bit I sell. But with only a month left of the year, the time is running out for me to sell. It's a big risk waiting for a Santa rally at the end of the year, cause we could just as easily fall down to 3400.

Jysin · Dec 2, 2022

Market (SPY) reclaiming the 200D here so far. If this holds, that is pretty darn bullish, despite what the labor report says.

Also remember, there are seasonal effects going into Nov / Dec for Christmas hiring.

I have no bets on either direction here today. I wouldn't be surprised to see end of week profit taking on the back of the big move up we have seen. On the other hand, if we stick this reclaim of the 200D, this may just be the FOMO dip people were looking for to take part in this end of year rally (be it a bear market one or otherwise).

Gravel · Dec 2, 2022

Powell’s inflation remarks are a ‘green light’ to stay in stocks, Jim Cramer says

Powell said on Wednesday that the central bank could start slowing down its pace of interest rate hikes as soon as December.

www.cnbc.com

Mist · Dec 2, 2022

Consumer Spending Jumped in October as Inflation Eased

U.S. households sharply boosted spending as the pace of underlying inflation eased.

www.wsj.com

Sanrith Descartes · Dec 2, 2022

Interesting factoid that may only interest me. After the META crash, it was tracking the S&P 500 pretty consistently. Then just about a month ago it started diverging. META has outperformed the S&P by a factor of x6 over the last month. META PE is 11.49 and its EPS is 10.48 with short interest under 2%. My hunch is it was definitely oversold and might still have some legs left in it especially if it retracts back to the $100-ish level.

Sanrith Descartes · Dec 2, 2022

Sanrith Descartes said:
ps.. Gravel I am not 100% sold that we end in the red today. Keep an eye on the market today if you are thinking of selling something. If its a mutual then it doesnt really matter though.

And... we are green across the board. If but for a fleeting moment.

Investing General Discussion

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