All things STOCKS

#231
#231
Thunder Good-Oil said:
Bout tree fiddy
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#234
#234
Thunder Good-Oil said:
That's a good one for trading that has a positive correlation to Bitcoin. Don't know if I'd want to hold it unless it's a potential takeover target.
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I wouldn't hold it at all. It's a great stock to trade right now, and I'll probably swing in and out of it in the coming days. Anything blockchain related has extreme volatility right now. I like volatility to an extent, but anything crypto touches is fascinatingly scary right now. At some point the music will stop, and some people won't have a chair.
 
#235
#235
Biopsyman said:
Bought more CTL today... Nice dividend
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Not too happy with that one, Bio. The div yield seems good at 12.73% today but CenturyLink's payout ratio is over 130%. Probably can't keep paying that. Another headache might be those divs will be deemed actual returns of capital after tax filing. You may get a corrected 1099-div coming to you late in the summer requiring you to file an amended personal tax return.
 
#236
#236
Ernest T. Vol said:
Not too happy with that one, Bio. The div yield seems good at 12.73% today but CenturyLink's payout ratio is over 130%. Probably can't keep paying that. Another headache might be those divs will be deemed actual returns of capital after tax filing. You may get a corrected 1099-div coming to you late in the summer requiring you to file an amended personal tax return.
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Just extend, no reason to file twice.
 
#237
#237
DancingOutlaw said:
Just extend, no reason to file twice.
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Extend, but more importantly be sure to have paid/deposited enough with the IRS. Most people don't know it, but if you have a refund due, the 4/15 deadline isn't really a deadline. The penalty for filing late is a percentage of the balance owed. If there's a refund due to the tax payer, the late filing penalty is zero.
 
#238
#238
Vol0725 said:
Tons of good sites that are reputable.

Think cheap...With index funds, there's little reason to pay more than you have to. These three ETFs have cost advantages over their peers...If you want full exposure to the U.S. stock market, you'll find that Schwab US Broad Market (NYSEMKT:SCHB), iShares Core S&P Total U.S. Stock Market (NYSEMKT:ITOT), and Vanguard Total Stock Market (NYSEMKT:VTI) are some of your cheapest choices in the fund market today.

Every situation is different, but for the most part for passive long term investors the key to nearly any portfolio's success is having appropriate exposure to the stock market...Settle for matching the markets' returns by buying traditional, low-cost index funds for the bulk or all of your portfolio; you'll beat ‘most’ other investors.

Here’s a good simple read for a diverse group of cheap index funds:

List of 12 Cheapest Index Funds to Buy

Remember high fees compounded over the years can eat into a significant part of your equity growth.Here’s a good piece on the significance of cost that Vanguard put together:

https://personal.vanguard.com/pdf/ISGIDX.pdf

Good luck!
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Have 2 family members that build spec houses from scratch with a single investor. Its his "play money" he never asks questions or even goes to look at the lots or houses..and my wife sells them when done.

He manages funds for mostly rich people, and is very good at what he does. Id say he makes around half million a year, and is self employed, works alone. He is very good at what he does.

That said, prior to the unreal gains this year, he says he tells people he will make their money earn at least 8% a year. Said he averages about 12%, and his people are very happy.

So if an expert whose life depends on it only averages 12% in normal years without record gains like this year, i think its foolish to think that as an amateur i could pick stocks and even average 8%. Fwiw, i have little control over my investments, my 401k is in a target date fund where i picked the year i hope to retire and they adjust the risk of investments accordingly. 2040 iirc...

That said, thunder and some of these guys have made good money in the markets, from bluechips, dividends, and patience from what i can tell...
 
#239
#239
Thunder Good-Oil said:
There are all types. A good fee based financial planner is a real good idea for people with wealth that don't know much about finance. They're also appropriate for not so wealthy folks that need help planning for retirement and/or their kids' educations. People that have 8 figures to invest should probably be serviced by the wealth advisory department at a regional bank or at one of the big banks or brokers.

There's a certain level where people will need to be with a firm rather than any individual advisor. At those levels they should get the broker(s) to sign a fiduciary agreement and have their attorneys review it.

The more you got, the better position you should be in to insist that they cut back on the salesmanship bull**** and actually find good opportunities. Private equity and hedge funds become a relevant component in the portfolio mix.

More important than anything else, anybody promising investment returns in any amount, especially 10% plus... well they're crooked. Run away from them. That's different from licensed brokers selling fixed annuity contracts at stated returns... but most of the fees on annuities are nearly criminal.
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This is me. A couple of years ago I came into a nice chunk of money. I’m not real savvy in finance so I met with a couple of different firms here in town and decided on one. I let them know my goals and I meet with them once a quarter to review. I’m consistently growing without huge up or down swings. Feeling comfortable was most important to me. It’s pretty easy to spot the sleazy types if you sit down and meet and ask the right questions.
 
#240
#240
I made 15% scalping OSTK over a few days. It looks like KODK is the latest ticker to initiate a crypto correlation to generate some pop. I'll sit this one out.

Unrelated note - VCEL continues to roll.
 
#242
#242
Ok - knuckleheads -- I have a strong propensity to trust Volnation and some of you fine people -- so as of right now you are my financial advisors. :)

I am of retirement age - have no retirement - but have had apparently a liquidity event ( who knew ) :)

God has blessed me beyond measure and i suddenly have resources at my disposal that I haven't had previously - so it is time to plan and invest.

My first mission is to generate a steady income stream that handles my basic needs - so that if and or when I get fired, I can cover my needs.

What would be step one in selecting a path to achieve that monthly income.

Does anyone on here invest in less traditional things than stocks and bonds and what has been your experience with those investments? i.e. strip centers, storage units, resort rental property, or other things?

What about buying a small business as part of your portfolio?

What else have you got?

Thanks ladies and gentlemen.
 
#244
#244
Fullfillmer said:
Ok - knuckleheads -- I have a strong propensity to trust Volnation and some of you fine people -- so as of right now you are my financial advisors. :)

I am of retirement age - have no retirement - but have had apparently a liquidity event ( who knew ) :)

God has blessed me beyond measure and i suddenly have resources at my disposal that I haven't had previously - so it is time to plan and invest.

My first mission is to generate a steady income stream that handles my basic needs - so that if and or when I get fired, I can cover my needs.

What would be step one in selecting a path to achieve that monthly income.

Does anyone on here invest in less traditional things than stocks and bonds and what has been your experience with those investments? i.e. strip centers, storage units, resort rental property, or other things?

What about buying a small business as part of your portfolio?

What else have you got?

Thanks ladies and gentlemen.
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1) How old are you? Does retirement age mean you are 62 or 82?

2) How comfortable are you with risk?

3) Do you need to provide for anyone other than yourself?
 
#245
#245
You can get exposure to real estate through a REIT and don't have to manage it... deal with tenants, collect rent, fix stuff, hire help, be open to being sued, and have a long process as an exit strategy. REITs can be sold in minutes.
 
#247
#247
Thunder Good-Oil said:
You can get exposure to real estate through a REIT and don't have to manage it... deal with tenants, collect rent, fix stuff, hire help, be open to being sued, and have a long process as an exit strategy. REITs can be sold in minutes.
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What sort of return do you typically get? Is there only a taxable event when you exit the trust? Is there an annual dividend ? How is your investment in an REIT valued?
 
#248
#248
1972 Grad said:
1) How old are you? Does retirement age mean you are 62 or 82?

2) How comfortable are you with risk?

3) Do you need to provide for anyone other than yourself?
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64 -- don't have to provide for anyone else. i would say I am targeting layered risk.

first layer -- lower risk to always have my monthly bills covered. second layer -- reasonable risk -- once again to cover the amount of my monthly expenses - so at that point I would be doubly covered.

Next layers -- all bets are off - but I have to believe that there are vehicles for really good returns - with smart reasonable risk.

The last layer or two would be described as aggressive.
 
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#249
#249
Fullfillmer said:
What sort of return do you typically get? Is there only a taxable event when you exit the trust? Is there an annual dividend ? How is your investment in an REIT valued?
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There are publicly traded REITs if you want to go that route. Dividends are unqualified so they will be taxed at your ordinary rate. You can also find REITs as publicly traded partnerships (PTP) where you’d get a K-1. REIT regs require them to dividend every year.
 
#250
#250
DancingOutlaw said:
There are publicly traded REITs if you want to go that route. Dividends are unqualified so they will be taxed at your ordinary rate. You can also find REITs as publicly traded partnerships (PTP) where you’d get a K-1. REIT regs require them to dividend every year.
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What sort of rates do you typically see?
 
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