Board 8 > Stock Topic 36

(+) Yeah! (+)

Good move, Zach.

I forgot to tell M1 Finance to not immediately reinvest my borrowed money.

Well, I guess I have $9,700 more in various ETFs. At least the market is improving.

My rocket puts are skyrocketing despite the price not really going down much overall. I cashed out half to get my wager back

I think puts are probably over priced across the board right now. Probably a good time to sell CSPs if you're not expecting WW3

Feeling like hedge fund margin calls will come very soon with Russian Bonds becoming worthless

Will be time to cover some positions. Scooping up some calls on more obscure memes like pltr, mmat, cenn. Well pltr isn't that obscure but I think it'll be allowed to run as it has better fundamentals than a lot of them. Also call premium on pltr is very low

I started today with $1,500 in losses.

Now I have, more or less, no gains/losses

I bought more than I ever have before. I had contributed 60k or so into stocks in the past year and bought another 17k on margin today (I have 32k in cash originally meant as a down payment but now to avoid margin calls), mostly because some orders I set and forgot to disable triggered.

This day has been a ride, that's for sure.

Screw it got some FUBO too. 20 10.5c 3/4 expiry

If we get a meme squeeze this next week I'm gonna rake pretty hard.

What a comeback. Too bad Im too afraid to go in because Im scared.

It's so odd how my stocks (and NASDAQ) are green today of all days. I guess now that the invasion actually happened, the market figures it can't get any worse.

Homie stock EVRI doing a 9% swing today.

Russia was shorting the market for their war chest clearly.

Sanction em the bill becomes due.

I cannot imagine the market is green tomorrow. Like, it was down SO MUCH today and climbed all the way back for a moderately green day.

Market rockets tomorrow

More margin calls coming

Sell the rumor buy the news

I'm expecting a green day tomorrow due to euphoria from the turnaround and then next week the market will go down some more.

Unless the Fed says they won't mess with interest rates, anyway.

Buy the rumor
Sell the news

Except it's opposite this time

Nanis23 posted...

Buy the rumor
Sell the news

Except it's opposite this time

Because the news is bad!

My money maker currently is not any company, but an ETF. I saw yesterday that it fell by a lot. I did my largest purchase of a single security at once ($7,400 for 100 shares) and what I figured appears to be correct; it was undervalued and the price has spiked.

I'm currently in margin debt on it because my high yield savings account doesn't link to TD Ameritrade but I'm moving money to pay it off. Kinda wish I bought more. This is a good ETF overall and I like the dividend. I also feel like dividend stocks and ETFs will be the thing going forward. At least, I've gotten burned on stuff like BYND and SOFI so I'm starting to get more into stable and established companies willing to pay me just for owning their stocks or an ETF that owns their stocks.

One of these days Im going to actually go into EVRI.

Granted, its earnings are on Tuesday AH which Im sure partially explains its big run lately. But yeah.

If your margin loan has higher interest than your high yield savings account, it may make sense to use your money to invest rather than margin.

FWIW I'm quite bearish on California real estate. It's at the point where everyone complains about how unaffordable it is as is, and with higher interest rates coming, it's really going to be unaffordable to buy soon unless prices drop. So, prices may actually drop.

red sox 777 posted...

If your margin loan has higher interest than your high yield savings account, it may make sense to use your money to invest rather than margin.

I'm working on transferring money around accounts because TD Ameritrade costs stupid amounts of money for margin loans. 9.5%? That's almost a credit card. But it's good to have as an option for when I want to buy something now and just need the time to move cash. My savings account is 1%, but I do see some accounts elsewhere with 3 or 4% interest. I can borrow from one of my brokerages at 2%. Tempting to go into debt to collect interest from banks.

red sox 777 posted...

FWIW I'm quite bearish on California real estate. It's at the point where everyone complains about how unaffordable it is as is, and with higher interest rates coming, it's really going to be unaffordable to buy soon unless prices drop. So, prices may actually drop.

I was looking on Zillow recently and found that the prices not only have gone up, but so have the rates and now I'm priced out. Am I really going to pay $2,500 a month for a 600 square foot condo? I don't think I can comfortably afford that on a 70k income. I don't think I want to pay that on a 70k income. It's ridiculous.

At this point, I'm trying to build up my assets so I can sell them later so I don't have to borrow as much for when prices do fall. I'm keeping some cash set aside as well but I'm thinking about investing it all, emergency fund aside (though do I need one if I can borrow at 2%?).

Zachnorn posted...

I'm working on transferring money around accounts because TD Ameritrade costs stupid amounts of money for margin loans. 9.5%? That's almost a credit card. But it's good to have as an option for when I want to buy something now and just need the time to move cash. My savings account is 1%, but I do see some accounts elsewhere with 3 or 4% interest. I can borrow from one of my brokerages at 2%. Tempting to go into debt to collect interest from banks.

I was looking on Zillow recently and found that the prices not only have gone up, but so have the rates and now I'm priced out. Am I really going to pay $2,500 a month for a 600 square foot condo? I don't think I can comfortably afford that on a 70k income. I don't think I want to pay that on a 70k income. It's ridiculous.

At this point, I'm trying to build up my assets so I can sell them later so I don't have to borrow as much for when prices do fall. I'm keeping some cash set aside as well but I'm thinking about investing it all, emergency fund aside (though do I need one if I can borrow at 2%?).

I'd say that it depends on what you're invested in. If it's something stable you don't need a huge emergency fund. If it's something high risk then you'd want a bigger one.

I would not use the ability to borrow as an emergency fund because credit has a nasty way of getting pulled at the worst possible time. But you can always sell stocks to the extent that they haven't collapsed.

Alright, real talk guys.

I owe around $120k in taxes. Due date is April 15. That means I have about one and a half months to make big plays before I lose all that forever. What is the best way to maximize profit?

Moonroof posted...

Alright, real talk guys.

I owe around $120k in taxes. Due date is April 15. That means I have about one and a half months to make big plays before I lose all that forever. What is the best way to maximize profit?

Uh....if you lose the money, how do you plan on paying the taxes?

red sox 777 posted...

I'd say that it depends on what you're invested in. If it's something stable you don't need a huge emergency fund. If it's something high risk then you'd want a bigger one.

This is true. The other thing for me is that my expenses have dropped drastically during the pandemic. So I currently can invest more money and probably don't need a lot of money in cash if I give up completely on buying real estate. I'll probably be fine with 10-15k, maybe less since I have a pretty secure job.

red sox 777 posted...

Uh....if you lose the money, how do you plan on paying the taxes?

Im talking safe plays, of course. I should have clarified when I said big, I meant as in putting all my funds into something.

Moonroof posted...

Im talking safe plays, of course. I should have clarified when I said big, I meant as in putting all my funds into something.

As long as you dont mean all of your funds in one something

oh no futures going down with the russian economy

Buying opportunity

Out of powder to buy dips for another week

Moonroof posted...

Im talking safe plays, of course. I should have clarified when I said big, I meant as in putting all my funds into something.

How much return can you possibly expect in only 6 weeks from something safe enough to avoid risking being in massive tax debt? I don't think any stock fits the bill. Treasury bills, I guess, but the return on that is really low so it's nothing to get excited about.

Are there any Russian stocks that arent on OTC markets? Im tempted to buy some options on a Putin assassination play.

Russia ETF RSX allows options but it's already down 30% today (45% in the past week) lol

Buy rubles or short oil?

And I'm hoping for that BBIG pop to pay for the taxes on last year's Robinhood exodus. Surely it happens before that share dilution meeting, right?

Yeah. Share dilution meeting before dividend would actually screw up the math on the dividend as the filings were very specific on how many shares Tyde would have (and the math was 10% of BBIG's current float not the diluted one)

All memes starting moon journey

Russian margin calls baby

It's happening

Tyde apparently showing on yahoo finance

March 1st would be a nice clean day for a dividend announcement, wouldn't it?

NOT FINANCIAL ADVICE (seriously tho get back in here moonroof we can go to valhalla together)

BBIG is such a wildcard. I dont know if I can go into it again.

If you're fiending to get some chips in the game and believe in the meme squeeze, RKT is looking rock solid right now. They have another special dividend lined up (same one that ran them from $20 to $40 last year) and it's $1.01 so even if it doesn't run you get a nice little dividend.

Just be sure to look up the record date and distribution date

EVRI crushed earnings. Up around 5% so far.

Wtf happened

Lol

RUSSIA WAR, EVRI CANT BE PROFITABLE

Someday you'll realize stock market price movement on a day to day level isn't really grounded in reality and become enlightened

If EVRI crushed earnings in the long run it'll go up. It's just noise right now though

This has been happening to most companies after earnings for a few months now. Great earnings = small increase. Good earnings = down. Mediocre earnings = big drop.

sotu better pop the market tomorrow or I'm gonna forget a verb

Rocket to moon

I can feel it. Going to have a ton more money for BBIG when moon journey concludes

So the key here is Rocket has 700m of cash they can use on share buybacks that expire at the end of the year

I think they plan on using every last bit of remaining supply in the coming weeks. They're going to get as much back into their holding as they can comfortably do before the dividend next week. Then I think they're going to keep some in reserve to prevent it from being a pump and dump again, by counter buying shorts at the top and keep the burn going.

Will it work? I don't know. But I see no reason rocket wouldn't expend most of their supply about now

Nothing like seeing the market be blood red and being on stocks that don't give a crap

No doubt in my mind Rocket is going to the moon now. The sole safe haven in this market

The stock people made fun of me for owning, ACI, is doing well today. Past week, actually. Wish I bought more, but my money is going more into ETFs like SCHD. Which did well as I bought nearly at the bottom of its dip.

I wish my other stock picks weren't losers, though.

In RKT at $14.12

Also, I have decided, after 2 years of being in my "prime buying" time for buying a home and after 5 years of looking, that I'm out of the real estate market. I accrued 20k in margin debt which I was hesitant to pay off because I wasn't sure if I should keep my cash or sell stocks at a profit as I bought a lot of these near the bottom. But after looking at Zillow, and the rising mortgage rates, comparing to my paycheck, I'm just seeing it makes no sense for me to buy a home right now since doing so will take about 70% of my take-home pay. I was realizing the only reason I was qualifying for a mortgage is because of overtime pay that I know is going away.

My mom thinks I'm crazy and throwing my money away in the stock market (even though I'm buying stuff like VOO and SCHD and other ETFs tracking an index, not individual stocks). I'd consider savings accounts, CDs, and treasury bonds if only the interest on them weren't less than inflation. I really don't know where else to put my money.

I have about 14k left in cash and plan to DCA it by $1,000 per week until it goes down to $10,000 and that becomes my emergency fund.

I'm just not sure if I should sell stocks and hold cash in my brokerage accounts from time to time. But right now, I'm thinking of just buying and holding until I want or need to make large purchases, such as a home.

I agree. Dont buy a home. Hold your stock money as the market will trend up eventually.

You can explain that you could also lose your money on a house. If you are putting 20% down, a -20% move in housing prices wipes out your equity.