**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION

[SipNPiz]

newb investor here...... anyone know if dividens are paid on top of regular account growth of, say, 7-10% or whatever per year?

all my money has been tied up in a rental so i threw 60 bucks in to SPAXX and bought 3 shares of that, and i guess it has a dividend.

Not sure I understand the question but dividends decrease a shares price once the dividend date record date passes

[dopamine72]

Who was the retard miscer who told me I was nuts for saying NVDA would be the world's largest company by market cap one day?

Lmao. Must suck to have air between your ears.

lol'd

Sold the rest of mine @ 504

Was a good run, had lock in my triple digit percentage gains

[TugOfPeace]

Do market makers sometimes pin stocks for weeks after earnings to burn options premium? Or is it usually just a week after?

[Harry362]

hello

[Edged123]

Are you guys buying anything rn? Not seeing any good value and just mostly holding cash for the time being

[RobParks2M]

hello

Sup Harry since when are you back to green?

@edge buy fnma ayy lmao

[Destor]

RIP Charlie Munger, so fukn close to 100

[Elias373]

RIP Charlie Munger, so fukn close to 100

Damn sad news to wake up to but he had a good run

Based Munger

[RobParks2M]

Well economy is yet again picking up speed and job markets still rather tight. But we are pretty close to inflation leveling off or perhaps ticking down still. Rates stay unchanged? My TLT purchases down to $83 are paying off nicely though I’m going to have to roll my $91 covered calls up and out. I sold the $90 CC for a $30 loss at least. Was nice to hold while tlt was hovering $88

[TugOfPeace]

BROS with a hard rejection at $30. I have $30 calls expiring this week. Will this stonk ever get a short squeeze

[_zman]

What do brahs?

Insurance with HDHP is $130/month, HSA contributions are $340/month = $470/month. $1560 a year for the insurance, tax benefit for HSA contributions is about $1k a year being in the 24% bracket, so net is $560 on insurance cost, I think.

I'm a vet so I utilize the VA and only pay co-pays. If I cancel my insurance I don't think the cost I pay at the VA will change.

Basically, an extra $470 a month would be nice, $5640 annually. I already have $10k in my HSA, maybe I'd use that at some point, but I don't foresee that unless I go to Mexico for stem cells. Seems like a good idea to have insurance just in case something crazy were to happen I guess.

[HMFIC_BROWSIN]

lol'd

Sold the rest of mine @ 504

Was a good run, had lock in my triple digit percentage gains

I locked in half of my shares when they hit 10-bagger status. Keeping the rest until I pass away.

[TugOfPeace]

What do brahs?

Insurance with HDHP is $130/month, HSA contributions are $340/month = $470/month. $1560 a year for the insurance, tax benefit for HSA contributions is about $1k a year being in the 24% bracket, so net is $560 on insurance cost, I think.

I'm a vet so I utilize the VA and only pay co-pays. If I cancel my insurance I don't think the cost I pay at the VA will change.

Basically, an extra $470 a month would be nice, $5640 annually. I already have $10k in my HSA, maybe I'd use that at some point, but I don't foresee that unless I go to Mexico for stem cells. Seems like a good idea to have insurance just in case something crazy were to happen I guess.

After 65 you can use HSA for non medical expenses I believe. So it's kind of like another retirement account

I'd probably stop at $10k though

[RobParks2M]

After 65 you can use HSA for non medical expenses I believe. So it's kind of like another retirement account

I'd probably stop at $10k though

Why stop at $10,000? I’ve got close to $15,000+ in mine. At some point or other it will get used. Retirement homes ain’t getting any cheaper.

WAL looking like a thick solid tight short.

Also love watching WBA keep making new 52 week lows I wonder how long till they finally wise up and cut their dividend. They’ve been selling off their cash cow AmerisourceBergen and the clinics they buy are still hemorrhaging money.

[TugOfPeace]

What do you do with a large sum of cash these days besides putting it in a HYSA? Sofi currently pays 4.6% and Webull has 5.0%..

I don't want to put any more money into the stonk market and there's no reason for me to dip into real estate yet.

My concern isn't financial security but rather what happens if rates really do come down next year and interest rates for mortgages start to get as low as 4%.. that's not going to lower housing prices, that will raise them, and I'm curious if there's any way to estimate how much they'll rise.

I plan on putting down $200-300k as a downpayment on a $600-800k home in a few years but am curious if by that time homes will become so ridiculously high in price that even that much as a downpayment won't be enough.


The only real estate I'm interested in right now is a highrise condo in downtown Chicago that would run me $300-400k but with interest rates as they are it would be a stupid high payment, but on the flipside if interest rates come down the home price theoretically would rise anyways. Looking at Chicago trends though, despite what happened with real estate everywhere else in the country the condo prices barely budged so I'm wondering if this is a moot point. Maybe that's my move..

The only benefit with a condo is that I might gain some appreciation in the home but with 7-8% mortgage rates the amortization schedule is so chitty that I'm hardly building any equity in the home so it doesn't seem much more advantageous than just renting.

[_zman]

After 65 you can use HSA for non medical expenses I believe. So it's kind of like another retirement account

I'd probably stop at $10k though

Why stop at $10,000? I’ve got close to $15,000+ in mine. At some point or other it will get used. Retirement homes ain’t getting any cheaper.

WAL looking like a thick solid tight short.

Also love watching WBA keep making new 52 week lows I wonder how long till they finally wise up and cut their dividend. They’ve been selling off their cash cow AmerisourceBergen and the clinics they buy are still hemorrhaging money.

Yeah, it'd be nice to have a 3rd bucket to draw from. But I have an HSA, Roth IRA, and 401k. Brokerage, I haven't added to it lately. But I'm looking at my investment contributions, and I'm I'm investing a lot more than I need to be and scaled back after the market rebounded, which was the plan....Like ToP is, saving for a house isn't a bad idea.

I'm considering my next home purchase to be a larger purchase just for investment sake; ideally with some land. I'm not in a rush, but perhaps a recession is still possible to lower prices a bit. It all depends if boomers think they need to start downsizing. If rates drop a bit, boomers may feel comfortable downsizing, which could bring more homes on the market. If we didn't have an inept govt, they'd pass some regs on keeping companies from buying them up, but I can't be too hopeful.

[_zman]

What do you do with a large sum of cash these days besides putting it in a HYSA? Sofi currently pays 4.6% and Webull has 5.0%..

I don't want to put any more money into the stonk market and there's no reason for me to dip into real estate yet.

My concern isn't financial security but rather what happens if rates really do come down next year and interest rates for mortgages start to get as low as 4%.. that's not going to lower housing prices, that will raise them, and I'm curious if there's any way to estimate how much they'll rise.

I plan on putting down $200-300k as a downpayment on a $600-800k home in a few years but am curious if by that time homes will become so ridiculously high in price that even that much as a downpayment won't be enough.


The only real estate I'm interested in right now is a highrise condo in downtown Chicago that would run me $300-400k but with interest rates as they are it would be a stupid high payment, but on the flipside if interest rates come down the home price theoretically would rise anyways. Looking at Chicago trends though, despite what happened with real estate everywhere else in the country the condo prices barely budged so I'm wondering if this is a moot point. Maybe that's my move..

The only benefit with a condo is that I might gain some appreciation in the home but with 7-8% mortgage rates the amortization schedule is so chitty that I'm hardly building any equity in the home so it doesn't seem much more advantageous than just renting.

I'm just stacking cash for now, possibly for a house too. I could start blowing more money, but there's nothing I want or really need other than a slightly bigger home with more land. So I just keep stacking for now.

[MinisterOfLust]

hello

Dr. Harry is green?

[SaviorSelfJT]

What do brahs?

Insurance with HDHP is $130/month, HSA contributions are $340/month = $470/month. $1560 a year for the insurance, tax benefit for HSA contributions is about $1k a year being in the 24% bracket, so net is $560 on insurance cost, I think.

I'm a vet so I utilize the VA and only pay co-pays. If I cancel my insurance I don't think the cost I pay at the VA will change.

Basically, an extra $470 a month would be nice, $5640 annually. I already have $10k in my HSA, maybe I'd use that at some point, but I don't foresee that unless I go to Mexico for stem cells. Seems like a good idea to have insurance just in case something crazy were to happen I guess.

You can use HSA like a regular ol retirement account. I'm putting money into it and then if I have any medical costs I pay for them out of pocket. Also make sure your HSA is actually invested and not being eaten up with fees (fidelity HSA is good)

[SaviorSelfJT]

What do you do with a large sum of cash these days besides putting it in a HYSA? Sofi currently pays 4.6% and Webull has 5.0%..

I don't want to put any more money into the stonk market and there's no reason for me to dip into real estate yet.

My concern isn't financial security but rather what happens if rates really do come down next year and interest rates for mortgages start to get as low as 4%.. that's not going to lower housing prices, that will raise them, and I'm curious if there's any way to estimate how much they'll rise.

I plan on putting down $200-300k as a downpayment on a $600-800k home in a few years but am curious if by that time homes will become so ridiculously high in price that even that much as a downpayment won't be enough.


The only real estate I'm interested in right now is a highrise condo in downtown Chicago that would run me $300-400k but with interest rates as they are it would be a stupid high payment, but on the flipside if interest rates come down the home price theoretically would rise anyways. Looking at Chicago trends though, despite what happened with real estate everywhere else in the country the condo prices barely budged so I'm wondering if this is a moot point. Maybe that's my move..

The only benefit with a condo is that I might gain some appreciation in the home but with 7-8% mortgage rates the amortization schedule is so chitty that I'm hardly building any equity in the home so it doesn't seem much more advantageous than just renting.

No crystal ball, but I wouldn't assume its a given that home prices will rise if interest rates go down

For one reason, interest rates would likely only go down if the economy is in the chitter. And secondly, home prices didn't really go down when interest rates went up, so it doesn't seem to be a given the reverse would happen. A lot of buyers would come out, but a lot of people waiting to sell their home would come out too and increase supply

[SipNPiz]

I would not buy a condo they’re trash, they don’t appreciate compared half as good as anything where you own some land. Plus it has a mandatory HOA, have you ever thought you wanted more government in your life, then an HOA is for you!

Also might get into WBA for short term as they are below book price.

[TugOfPeace]

Why did UPST randomly pop 20% today

[_zman]

You can use HSA like a regular ol retirement account. I'm putting money into it and then if I have any medical costs I pay for them out of pocket. Also make sure your HSA is actually invested and not being eaten up with fees (fidelity HSA is good)

Good point. 80% or 8k is currently invested. Actually had a nice recovery with the market. I think what I'm going to do is sign up for the HDHP insurance again and just reduce my HSA contributions. I'm not sure I need more money in accounts I can't touch for 30 years. With VA insurance/care, I don't for see myself needing much money for healthcare.

I can either funnel that money to my brokerage and use it as a checking account. Or I'm going to research a cash-based insurance policy. That money would receive a decent dividend and I can loan my own money to myself if I ever needed to, from my understanding. Then I start a new retirement bucket as well. I need to find out how liquid funds like this are before I decide.

[j1rr]

What do you do with a large sum of cash these days besides putting it in a HYSA? Sofi currently pays 4.6% and Webull has 5.0%..

I don't want to put any more money into the stonk market and there's no reason for me to dip into real estate yet.

My concern isn't financial security but rather what happens if rates really do come down next year and interest rates for mortgages start to get as low as 4%.. that's not going to lower housing prices, that will raise them, and I'm curious if there's any way to estimate how much they'll rise.

I plan on putting down $200-300k as a downpayment on a $600-800k home in a few years but am curious if by that time homes will become so ridiculously high in price that even that much as a downpayment won't be enough.


The only real estate I'm interested in right now is a highrise condo in downtown Chicago that would run me $300-400k but with interest rates as they are it would be a stupid high payment, but on the flipside if interest rates come down the home price theoretically would rise anyways. Looking at Chicago trends though, despite what happened with real estate everywhere else in the country the condo prices barely budged so I'm wondering if this is a moot point. Maybe that's my move..

The only benefit with a condo is that I might gain some appreciation in the home but with 7-8% mortgage rates the amortization schedule is so chitty that I'm hardly building any equity in the home so it doesn't seem much more advantageous than just renting.

Zero interest in buying a fixer upper duplex?

[HMFIC_BROWSIN]

Why did UPST randomly pop 20% today

Who knows.

Remember when it was $400/share?

Those were the days.

Feels like a billion years ago now.

[TugOfPeace]

Who knows.

Remember when it was $400/share?

Those were the days.

Feels like a billion years ago now.

I should've got out at $70 a few months ago

[usersignup2]

Why did UPST randomly pop 20% today

Short squeeze

[TugOfPeace]

Short squeeze

But why

[usersignup2]

But why

because someone wants to make money. pretty simple. could be some insider info. sometimes it's big news sometimes it's small news. the thing to remember is a lot of times, maybe even most of the time, the move is coming FIRSTLY, because someone has built a large enough position. WHY is like the false flag to get people (usually retail) to bite.

[dopamine72]

Which high interest savings account you guys using?

Is it FDIC?