All things STOCKS

[Tri-CitiesVol]

So after doing a bit more research I wouldn't do Stash or Acorns. Expense ratios of .25%. They are keeping a large share of your profit 30 yrs from now for what? That's your money dog. Have the discipline to invest it independently and keep it.

Acorns is not a percentage. It is literally $1/month. $12/year to use the roundup feature and found money. I can make that back through found money in a single week.

 

[Thunder Good-Oil]

Is there a way to search for ETFs in specific sectors/industries? I'm looking for Fintech ETFs in particular. When I google it, I basically just see the same 5-10 ETFs in every article.

I have an ETF screener app on my phone from NASDAQ but I’ve never used it. I believe that Schwab has a screener and I would assume Fidelity, e*Trade, and Ameritrade do as well. Possibly Morningstar or Zacks have something. Bllomberg, Yahoo Finance, CNBC, and MarketWatch are worth a look.

 

[Carp]

I found a good site for searching etfs. I think I like $TRYP a good bit over the next couple of years as the travel industry recovers. Just wish the expense ratio was better.

 

[Thunder Good-Oil]

Anyone reloading on $RKT yet? I think I'm going to wait for the 18's again.

Next week might be ugly for markets as well. I think the SP500 is struggling to stay above the 50 day MA. INTC had held up pretty well but is pulling back hard today. I’m not going to buy anything right now.

 

[mrorange211]

Waiting on the close. 0dte premiums still high despite price action. Implies a move upwards imo.

 

[mrorange211]

Acorns is not a percentage. It is literally $1/month. $12/year to use the roundup feature and found money. I can make that back through found money in a single week.

from .03 to .18 expense ratio. It’s held till cash out giving them the largest gross naturally. Read the fine print.

 

[nicksjuzunk]

from .03 to .18 expense ratio. It’s held till cash out giving them the largest gross naturally. Read the fine print.

So for a beginner like myself, what is a better way to go? The apps make it really easy and I think at the least it’sa good way to get some basic knowledge before maybe transition into something else, no?

 

[Tri-CitiesVol]

from .03 to .18 expense ratio. It’s held till cash out giving them the largest gross naturally. Read the fine print.

Until you can link proof, I’m going to have to disagree. I see the $1 withdrawn every month and there’s no other management fees for acorns specifically.

The rest seem to charge .25% of your account balance.

 

[Go aeiou]

Huh, Is Acorns a brokerage? .25%/month. Account Balance? That's highway robbery. 3% annual expense. I guess if your account is $400 and you pay $1/mo that's .25%.
OTOH, when I started trading in the early/mid 80s(pre internet) brokers got around $100. per trade.

 

[mrorange211]

Here comes powerhour. Moment of truth

 

[Carp]

Seeing some nice reversals to close the day.

 

[mrorange211]

damn that was a dump! Definitely surprising. See you guys Monday!

 

[Carp]

Spy dumped hard at the end, but most of my stocks ended the day green.

 

[TheColdVolTruth]

Wasn't it him Mojo that said his account has grown like 200% over the last 3 years or something? Not that smart my ass.

@BigOrangeMojo 's little girl has a better track record picking stocks than a lot of people I know.

 

[BigOrangeMojo]

@BigOrangeMojo 's little girl has a better track record picking stocks than a lot of people I know.

Yeah, she does. Me, included. It's proof that you can't judge your stock picking performance based on 2020. Anyone who started investing after March 2020 should have made tons of $$$$

 

[Thunder Good-Oil]

I might buy an exchange type of stock. CME Group (CME) has the largest market cap followed by Intercontinental (ICE). COIN is bigger than NDAQ and CBOE which I find a bit crazy.

CME: $76B
ICE: $63B
COIN: $48B
NDAQ: $29B
CBOE: $12B

I’m kind of leaning toward CME. If I was more of a risk taker I’d maybe short COIN and go long CME… but there should be better names to short.

I already have some bank/broker/ETF names. Although I don’t own a regional or local commercial name. I do have BLK, C, WFC, MS, STT, XLF, SCHW. Actually I do have some Truist that converted from BB&T that had converted from something else long ago.

 

[BigOrangeMojo]

For @nicksjuzunk here are my investing thoughts. The advice is worth what you pay for it. When investing in Roth or 401k, Vanguard, Fidelity, and T Rowe Price all have good, low cost funds

Phase 1
a. Save up some emergency fund. $500-$2000 should be sufficient
b. Eliminate all credit card debt.
c. Invest up to company match in 401k

You can do all 3 of these at same time. Once you get through here go to step 2.

Phase 2
a. Eliminate car/medical debt
b. Invest in Roth IRA to maximum allowed
c. Bump up emergency fund to 5k

Once do, go to Phase 3

Phase 3
a. Eliminate student loan debt
b. Max out 401k
c. Bump up emergency fund to 10k

Once, done go to phase 4.

a. Invest how you want (Equities, real estate, mutual funds)
b. Pay off house
c. $25K emergency fund

Once done, go to Phase 5

Phase 5
Thank BigOrangeMojo for you getting rich (ha)

 

[nicksjuzunk]

For @nicksjuzunk here are my investing thoughts. The advice is worth what you pay for it. When investing in Roth or 401k, Vanguard, Fidelity, and T Rowe Price all have good, low cost funds

Phase 1
a. Save up some emergency fund. $500-$2000 should be sufficient
b. Eliminate all credit card debt.
c. Invest up to company match in 401k

You can do all 3 of these at same time. Once you get through here go to step 2.

Phase 2
a. Eliminate car/medical debt
b. Invest in Roth IRA to maximum allowed
c. Bump up emergency fund to 5k

Once do, go to Phase 3

Phase 3
a. Eliminate student loan debt
b. Max out 401k
c. Bump up emergency fund to 10k

Once, done go to phase 4.

a. Invest how you want (Equities, real estate, mutual funds)
b. Pay off house
c. $25K emergency fund

Once done, go to Phase 5

Phase 5
Thank BigOrangeMojo for you getting rich (ha)

Thanks brother!

I’ve been in ministry for 20 years, literally living 100% from donations for about 16 of them.

Never had a moment of debt, so while we don’t have much money, we have no debt, thank God.

We’ve set up a Vanguard 401k with Amazon, who is my employer aside from my personal physique coaching business.

I’m going to reference this. Everyone has been very helpful so far. Any thoughts on BABA? Alibaba is huge in China and I was surprised to see it currently down. Not sure if it’sa good time to buy our back away

 

[BigOrangeMojo]

Thanks brother!

I’ve been in ministry for 20 years, literally living 100% from donations for about 16 of them.

Never had a moment of debt, so while we don’t have much money, we have no debt, thank God.

We’ve set up a Vanguard 401k with Amazon, who is my employer aside from my personal physique coaching business.

I’m going to reference this. Everyone has been very helpful so far. Any thoughts on BABA? Alibaba is huge in China and I was surprised to see it currently down. Not sure if it’sa good time to buy our back away

I think if you buy BABA and hold, you should be good in 10 years. There's always some political risk with Chinese companies. Ive bought BABA in the past and have kept stockpiling the past 6 months. That bet hasn't worked out yet. I like it for the same reason you do.

I am looking at another Chinese company (JD) as well but so far haven't pulled the trigger.

 

[walkenvol]

Tip #5… don’t assume that high dividend yields can be sustained. Stocks paying high single digit or double digit dividends are most likely going to be cutting their dividend.

Like F, GM, T, GE

 

[Thunder Good-Oil]

For @nicksjuzunk here are my investing thoughts. The advice is worth what you pay for it. When investing in Roth or 401k, Vanguard, Fidelity, and T Rowe Price all have good, low cost funds

Phase 1
a. Save up some emergency fund. $500-$2000 should be sufficient
b. Eliminate all credit card debt.
c. Invest up to company match in 401k

You can do all 3 of these at same time. Once you get through here go to step 2.

Phase 2
a. Eliminate car/medical debt
b. Invest in Roth IRA to maximum allowed
c. Bump up emergency fund to 5k

Once do, go to Phase 3

Phase 3
a. Eliminate student loan debt
b. Max out 401k
c. Bump up emergency fund to 10k

Once, done go to phase 4.

a. Invest how you want (Equities, real estate, mutual funds)
b. Pay off house
c. $25K emergency fund

Once done, go to Phase 5

Phase 5
Thank BigOrangeMojo for you getting rich (ha)

I disagree with 2A. If somebody has a low interest or zero percent car loan it doesn’t need to be paid off. Same thing with medical if interest charges are not being added. Loans need to be paid off starting with those with the highest interest rate being charged.

I’d also consider the home’s value before paying it off. It’s not a great idea to have too much wealth tied up in real estate. If somebody has a $250,000 home with a $125,000 mortgage balance having $125k invested in securities and carrying $125k of equity in a home is more conservative than having $250k equity in a home with zero in other investments. But the interest rate on a mortgage is a huge factor. A $125k mortgage at 3% is a totally different scenario than than having a mortgage balance at 10% +/-. Also, points paid at closing should be considered.

 

[Thunder Good-Oil]

Like F, GM, T, GE

Those might be able to hang on. XOM and CVX were expected to cut their’s and, correct me if I’m wrong, have kept their dividends intact. T is spinning out their Time Warner content in a merger with Discovery. Wireless providers generate a lot of cash (I like VZ better).

I’d like to see a list of $5B or $10B plus market cap stocks sorted by dividend yield with columns for payout (dividend coverage) and debt/equity ratios (and p/e, market cap, etc).

 

[BigOrangeMojo]

I disagree with 2A. If somebody has a low interest or zero percent car loan it doesn’t need to be paid off. Same thing with medical if interest charges are not being added. Loans need to be paid off starting with those with the highest interest rate being charged.

I’d also consider the home’s value before paying it off. It’s not a great idea to have too much wealth tied up in real estate. If somebody has a $250,000 home with a $125,000 mortgage balance having $125k invested in securities and carrying $125k of equity in a home is more conservative than having $250k equity in a home with zero in other investments. But the interest rate on a mortgage is a huge factor. A $125k mortgage at 3% is a totally different scenario than than having a mortgage balance at 10% +/-. Also, points paid at closing should be considered.

True but over 90% of Americans don't have the 0% or low interest loans. Many of those who have the 0% loans have more vehicle that they can afford to get a significant net worth. They are people who are making 90K a year but want to buy a 50K truck. Most with car loans are at LIBOR plus a few...

Regarding medical debt, most doesnt have interest on the bills but medical offices are sending those bills to collections really quick and you have those fees and charges that accumulate quickly.

Im a big believer of getting your financial house in order before you start investing big time in the market outside of retirement accounts.

 

[Firebirdparts]

Nick, The trick to using forums is to figure out which complete stranger you are going to listen to. Back in the Usenet days, 25 years ago, I decided that if somebody asked a thoughtful honest question, of 10 responses you’d get 1 right, 5 wrong, 4 off topic. Each of the 4 then had the option of derailing any additional discussion.

 

[Thunder Good-Oil]

True but over 90% of Americans don't have the 0% or low interest loans. Many of those who have the 0% loans have more vehicle that they can afford to get a significant net worth. They are people who are making 90K a year but want to buy a 50K truck. Most with car loans are at LIBOR plus a few...

Regarding medical debt, most doesnt have interest on the bills but medical offices are sending those bills to collections really quick and you have those fees and charges that accumulate quickly.

Im a big believer of getting your financial house in order before you start investing big time in the market outside of retirement accounts.

I’m saying to pay down the most expensive loans first. If somebody bought a vehicle during a 0% or low interest loan promotion then those should not be paid off first. I had a low interest loan when I was in my 20s as a GM promotion.

I’ve seen medical offices take a tiny payment from patients paying down big charges. It appeared to me that as long as the patient was consistently paying an agreed upon amount on a regular basis the office was not going to turn it over to a collection agency. They are still customers and Medicare-Medicaid could still generate a lot of revenue for the practice from that customer.