Board 8 > Stock Topic 30

(+) Yeah! (+)

red sox 777 posted...

I put in a limit order to buy more shares at $200. Didn't hit. I'm gonna regret not just buying at $210-$220 when it goes back to $300 tomorrow.

We could see some sideways movement for a bit. But then again, good luck trying to predict what that thing does.

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Forceful_Dragon posted...

You don't think there could be at least a $100,000 swing in housing costs between between current prices and potential prices once things settle down?

But even if fees/etc are too much to be worth getting back into the rental game you could still take the proceeds from your house and invest them in a way that isn't liable to lose a lot of it's value this year.

The downside is too high

going through the 100 hours worth of work in terms of getting rid of your tenants, getting your houses ready to sell, selling the houses, finding new houses, and finding new tenants is not really worth the chance that the housing market doesnt dive in 6 months and Im sitting on a pile of cash that I now owe taxes on because I wasnt able to reinvest the money into new houses.

If you end up having to pay taxes on the properties before buying new ones you are super screwed.

This is like trying to get in and out of GameStop stock at the right times but each time you buy or sell GameStop you have to pay a $5000 transaction fee

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From everything I've seen, owning rental properties is almost never worth the hassle. There has to be better ways to get that type of supplemental income.

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Maybe trying to set up a rental property now in this insane real estate market isn't worth the hassle, but landlording is usually an excellent long-term investment with returns that rival the stock market, different but arguably superior tangible benefits (if times get tough, you can always live in your rental home/apartment/room yourself), and more favorable legal/tax protections (bankruptcy, tax-free gains on sales of a principal residence even if you've used it as a rental property).

There's a reason that land and real property are like the most valuable assets throughout all of human history, and that even in the worst of times, fulltime landlords will do everything in their power to continue earning rental income versus entering the job market and earning a wage - because it beats the shit out of actually working.

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my held over RGBP shares finally doing something. Well see if it continues

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CaptainOfCrush posted...

Maybe trying to set up a rental property now in this insane real estate market isn't worth the hassle, but landlording is usually an excellent long-term investment with returns that rival the stock market, different but arguably superior tangible benefits (if times get tough, you can always live in your rental home/apartment/room yourself), and more favorable legal/tax protections (bankruptcy, tax-free gains on sales of a principal residence even if you've used it as a rental property).

There's a reason that land and real property are like the most valuable assets throughout all of human history, and that even in the worst of times, fulltime landlords will do everything in their power to continue earning rental income versus entering the job market and earning a wage - because it beats the shit out of actually working.

It's a shame that these days, it's hard to get property yourself. Most tenants I see believe they have to work until they die and I believe I will do the same if I'm forced to rent long term.

This is really the only reason why I'm investing now. Once I can own my home, I really don't think I'm going to play with stocks (as I'd likely sell them off) and, at most, I'll just throw money into my pension and Roth IRA and call it a day.

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I also think Landlords in general are leeches so I'll be doing everything I can to avoid ever having to do that.

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I don't want to be a residential landlord. I just want real estate so that I can own my shelter, which is a bit too much to ask for in some parts of the country, I guess, unless it's a tent.

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Zachnorn posted...

This is really the only reason why I'm investing now. Once I can own my home, I really don't think I'm going to play with stocks (as I'd likely sell them off) and, at most, I'll just throw money into my pension and Roth IRA and call it a day.

That's the Boomer Wealth Special, and there's nothing wrong with it. And in 30 years if you feel like scaling down, you can sell that home for a massive tax-free gain and enjoy a pretty awesome retirement, or you can leave it for your kids, who will probably turn into entitled NIMBY shits when they realize its true value (the dream!). Like you said, the tough part for young people these days is actually getting started, as the barrier to entry for home ownership - even traditionally modest starter homes - is so much higher than it was a generation ago.

I do think it's still worth it, though. I've been earning a pittance working part-time for two years, and I can afford to do it on the back of my condo's exploding equity (I was lucky enough to buy in 2015). Buying that place is easily the best financial decision I've ever made - much better than any stock I've profited from, and much better than buying Crypto in 2017.

ExThaNemesis posted...

I also think Landlords in general are leeches so I'll be doing everything I can to avoid ever having to do that.

Generally speaking, agreed. I think we should be doing more to incentivize first-time home ownership, and even more to disincentivize multiple property ownership, and that doing so would be a huge net benefit to society. One home for everyone, ten homes for no one.

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I'm reminded of Superman 1.

I wonder how sensitive home prices are to the share of home sales to investors. The figure lately was lower than what I had expected, with large-scale operations tapering their purchases since the 5 or so years after the housing crash. A graduated tax on the number of single-family homes would drive investors to other store-of-value vehicles (crypto maturation would also help towards that), so if it also had an outsized effect on price it would be quite the demand-side mechanism for lower and middle class home ownership.

Though, I feel it's more of a supply choke. And technically a function of infrastructure to support sprawl increase since the commute sweet spot is about 30 minutes regardless of travel technology.

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I mean, We currently have 7 tenants in our 3 houses renting out 1 bedroom to each of them for around $600 a month. There are some people where the alternative to that is homelessness. In that regard renters can help.

Screw Million dollar condo rentals tho am I right.

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Or you know, home prices could be tied to actual demand for housing and not bought out by people that already have a home.

Leafeon13N posted...

Or you know, home prices could be tied to actual demand for housing and not bought out by people that already have a home.

That still would require people to have enough money to buy the home.

I mean we are spiraling down into a command economy discussion, which is pretty pointless and can be in the politics topic.

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Looks like GVSI is about to print tomorrow! Off nothing but a positive emoji tweet from GS Georgie must have gotten the books. Goddamn I was legit getting worried about going long on this one for nothing. Hopefully we're pink current in just a few weeks and are well over the all time high at 6 cents when that happens.

God bless you, Mr. Sharp. Stoked about the future. I expect he'll send the reveal tweet of what he's so excited about sometime before market close tomorrow. I hope he does it right at close and the hype builds up all weekend. Seems like the type of move he'd make.

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I'm buying some GVSI. Let's see what happens!

i averaged down a bit on gvsi, still think it has a bit more room to run. Charts were saying a short term downtrend that has been somewhat broken lately.

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ORPH?! Wow

Gap is about to be 100% on GVSI lmao. Y'all should have gotten the cheapies if you weren't in

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Gvsi doin some work

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Looks like Sharp is fucking with people like usual. Lmao I'm assuming he meant 9:31 PST, the time zone he's in, but he kmew everyone would expect that tweet at 9:31 EST. Just like when he told all the impatient people to sell their GVSI because these deals take time, then tweeted that he paid off the TA on GVSI the next day.

I love this guy. He's a lot more entertaining than Elon

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Ugh, tried to buy more this morning and Schwab keep saying I don't have the funds... but I do? They're settled too which was an issue at one point.

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Did you accidentally put an extra digit in the share amount?

haha this GVSI stuff is fun

Blur, you're thinking a spike to $0.06?

Sunroof posted...

Did you accidentally put an extra digit in the share amount?

No, turned out one of my orders went through but didn't fill. It was weird because for these OTC buys it always makes you acknowledge it on a separate warning but it didn't for that one so I didnt think it went through. It rose half a cent during this time...

Oh well got plenty at 0.02

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ChainLTTP posted...

haha this GVSI stuff is fun

Blur, you're thinking a spike to $0.06?

I'm thinking with the right company this stock could be a millionaire maker for someone like me who owns around 2 million shares. But I'll chicken out and sell early if it had a crazy enough day. Can usually get back in. My PT is honestly .50+. I was hoping for .06 today but obviously the news wasn't good enough and flippers dumped. That's what happens with these custos. They're actually pretty easy to time relatively well.

TSNP hit .30 the day of the merger announcement, then dropped all the way back to 8 cents. The dumping on the news in these plays is intense, so let's say a merger is announced for GVSI and it skyrockets to .30 in a matter of minutes. That is when I'd put a stop limit at .30 on if it didn't keep pushing, and a clean sell in the .40 to .50 range. Keep in mind GVSI is almost half the float of TSNP though. So the right merger could send it rocketing quite a bit higher.

Anyway, all this is still a ways off and let's wait for it to go pink current first. We can't really speculate on these things until a company is announced. For now this kind of speculation is based solely on George's prior history of running TSNP from the triple zeros to $1.92 and there's no guarantee history will repeat itself. I figure if I only got to sell at .10 here, that's still an enormous win and I'll be stoked. I've always said .10+ is my high conviction, the real potential for it to do the impossible and blow past a dollar like George's last custodianship is just the icing on top.

Man, I tried to dump a bunch today at .04 when the tweet came out and it was just pink current related (which I expected) and didn't get filled. :( It was like .0415 when I put the order in too. Everyone must have just been a little faster than me. Nonetheless this is super good news for the long term here and I'm stoked. TSNP moved really fast once it went pink current.

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i have 1.8 million shares of gvsi, and definitely plan on holding for a while. I already took enough profit on it that i dont really care. If it spikes a lot in 1 day though, you sometimes have to sell then and try to buy back in later. Its not gonna have 10 green days in a row and go to a dollar or something

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I still own no GOFF or EVLI though and the SS on those is so damn good compared to GVSI. Do you still think GVSI will go first, DK? GOFF seems to be pretty far along now too and I was banking on GVSI being the first to have a merger announcement. He's had custodianship of it for much longer.

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I have 1,000 shares of ABNB, strike price $146. Its currently at $148. At what point will it be prudent for me to close the option and take the commission hit compared to the profit over $146?

I doubled my GME position at $211. Let's go!

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red sox 777 posted...

I doubled my GME position at $211. Let's go!

Fucking well done bro. I wish I had done so with ya but I want my re-entry point to be under $200 for sure.

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RCON for any gamblers.

I sold some leftover ABNB and Z shares that didnt make it into options plays. Left me with around $51k. I put it into RCON. Its up 2% since I posted a few minutes ago. I think this one will be up a decent amount Monday. Like, 5-10% range. But thats solely based on its prior prices and the massive plunge today which was mostly unwarranted.

Upon doing slight research, there isnt any negative news. In fact, there is positive news. But yeah, who know what knowledge is out there that the public doesnt know about. I still think its due for a positive correction next week.

Wow its going hard now. Get in while you still can.

Im probably going to chicken out and sell at close because thats what I do. But I honestly believe this one can get some quick gains next week for the more patient!

In fact I think itll be up big after hours. Im also liable to be totally wrong. But it has gone up like 10% since I mentioned it, and that wasnt even at its low point for the day.

Andddd it undid everything. How volatile. I still say its worth a low to mid level short term investment.

And now its fighting back. Guys get in on this! If Im wrong Ill give vehement apologies.

Bought 15 shares. Hoping for a few bucks!

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Its dipping again now. Premium entry price.

I mean it was 2.50 3 months ago if we are looking at prior price.

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We shall see.

It was in the 20s for most of 2014

Meh. I'm hoping for an uptick later on and then I'll sell.

I really should go be boring and buy boring stable companies and ETFs though

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I shouldve sold it when it was at 10% gain. Oh well.

oh lord the crypto painnn

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You mean Crypto Discount, surely.

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@ChainLTTP

Sephy I keep buying ChainLink and it keeps going down I hold you personally responsible just fyi

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ExThaNemesis posted...

@ChainLTTP

Sephy I keep buying ChainLink and it keeps going down I hold you personally responsible just fyi

Stop crying and hold ffs

So I was thinking about the idea of incorporating a business entity to invest my own money in stocks. It seems like doing an LLC would result in pass through taxation which wouldn't result in any significant changes. But, since the Trump tax cuts lowered the corporate tax rate from 35% to 21%, doing a traditional C corporation would seem to have some advantages if I expect to have a lot of short term gains.

My effective tax rate on short term gains right now is 33%, and the corporate tax rate for capital gains in the hands of a C corporation appears to be a flat 21% regardless of holding time. There would then be another 15% tax on qualified dividends/long term capital gains when I take the money out of the corporation, which would be an indefinite amount of time in the future, preferably when I am living in a zero income tax state. Now 0.79*0.85 = 0.6715 so this would seem to result in the same tax rate overall. But, the advantage of the lower corporate tax rate appears to compound for each year that this goes on (as long as I leave the money in the corporation until a one time withdrawal at the end).

I did some rough calculations and I am getting that assuming 20% gains per year (all short term) and 3 years, $100 invested through the corporation turns into $168 after all taxes and $100 invested as an individual turns into $165 after all taxes. After 10 years, we have $384 via the corporation and $352 via individual investing. If we push the annual gains to 50% (I know this should be considered unrealistic, but I know it doesn't feel unrealistic to this topic after the past year), after 10 years we get $2,387 via the corporation and $1,798 as an individual.

Obviously this is all highly counter to the conventional thinking which is that C corporations experience double taxation but maybe with the lower tax rate now in place it can actually make sense. There is also a lot of hassle involved with incorporating the corporation, opening a corporate bank and brokerage account, filing corporate tax returns, holding board meetings with myself, etc. And of course an even better way to save on taxes is to hold stocks over a year, provided that this strategy restriction does not have a big impact on gains.

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I can't see it being worth it. I'm sure we will see that flat 21% tax rate increased this year or next. Plus the annual filings and fees.

There's also the accumulated earnings tax which I believe is assessed by the IRS (versus self reported on the return) if you're just holding money for no business purpose. I don't know how often that happens though.

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