All things STOCKS

#17,104
#17,104
Holding out a bit longer to get NVDA on sale. Gonna if there's a bounce opening tomorrow. Might get some VRT too. Down 28%.

But hey, AAPL finally stopped bleeding after a week!
 
#17,107
#17,107
Thunder Good-Oil said:
My stocks went mostly sideways after getting dumped on at the 9:30 opening bell. Then got a third of it back heading into the close.

FOMC decision is announced card Wednesday at 2pm.
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Same. Had two real stinkers. ANET…and I should’ve had some stops in on that one. Bad oversight on my part. My S&P growth etf was down a bit, but I’ve held it and will hold it forever, so I’m not worried about that. Did surprisingly well across the rest of the board otherwise.
 
#17,110
#17,110
After lurking in this thread mostly I have a question to ask with all input welcome. I’ll soon ask a financial advisor as well, but I followed this thread and consider it good info as well.


My company just sold and the buyer started a new 401k account where you basically start over, but I do have the option to roll it over. What should I do?

Edit: both accounts are with Fidelity

Thanks for any input
 
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#17,111
#17,111
If you can roll your 401K over to a provider that is not your current employer, that might be the best. Many 401k plans are stuffed full of crap funds and many times the worst people in the company with $$$$ (HR) are the ones picking out the 401k provider..

Schwab, Fidelity, Vanguard, T Rowe Price are all good
 
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#17,112
#17,112
TVOLS said:
After lurking in this thread mostly I have a question to ask with all input welcome. I’ll soon ask a financial advisor as well, but I followed this thread and consider it good info as well.


My company just sold and the buyer started a new 401k account where you basically start over, but I do have the option to roll it over. What should I do?

Thanks for any input
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Go see the financial advisor before doing anything. And also make sure that they are a fiduciary putting your interests first. Don’t let them talk you into buying an annuity.

Call Schwab or Fidelity and have them guide you through converting your old 401(k) into an IRA.

IMO, the only advantage of having an employer provided 401(k) is their match. They won’t do any matching on a legacy 401(k). I guess another advantage of combining the old and new 401(k)s is being able to see everything in one place instead of two for the analytics.

Before moving the old 401(k), I would make sure that there aren’t any issues with vesting of your previous company’s match.
 
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#17,113
#17,113
TVOLS said:
After lurking in this thread mostly I have a question to ask with all input welcome. I’ll soon ask a financial advisor as well, but I followed this thread and consider it good info as well.


My company just sold and the buyer started a new 401k account where you basically start over, but I do have the option to roll it over. What should I do?

Edit: both accounts are with Fidelity

Thanks for any input
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Look at the investment options (particularly the expenses charged) and fees and pick based on that. They might be the same. We use Fidelity and the key is to have low cost stuff in there.
 
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#17,114
#17,114
TVOLS said:
After lurking in this thread mostly I have a question to ask with all input welcome. I’ll soon ask a financial advisor as well, but I followed this thread and consider it good info as well.


My company just sold and the buyer started a new 401k account where you basically start over, but I do have the option to roll it over. What should I do?

Edit: both accounts are with Fidelity

Thanks for any input
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...also make sure you have identified the basis amounts of any after tax contributions before rolling. If there are, you have to keep up with it yourself. A distribution later will have an allocation of some of these after tax contribution amounts as non-taxable. Keep up with it on Form 8606.
 
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#17,115
#17,115
Nice recovery today. My ANET recovered about 5%, but still stinging from yesterday's panic sell off. Still up 26% overall on ANET.
BLK continues to treat investors well....if you can't beat em, join em I suppose. SHOP popped 8%+, up 87% total on SHOP. Seems like the sentiment today, after yesterday's coming apart at the seams, is DeepSeek deserves a little more study. We will see.
 
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#17,124
#17,124
Thunder Good-Oil said:
It helps to focus in on one of the 4 possible positions (buy or sell calls or puts) and then if one of the 2 pairs of variables changes it all flip flops. Even after having several dozens of options trades execute, it still gets confusing. I’m always a little anxious before clicking on that button to send off the orders.

2 types of options contracts - an obligation to buy (put) or an obligation to sell (call). Then you either write (sell) the contract or you buy the contract.

Don’t sell a naked call. Your liability is unlimited. Either own shares to surrender (selling a covered call) or use a hedging technique if selling calls.

Buying calls is the easiest position to understand. It’s similar to buying shares, but the value of the options degrades over time. I think that most calls expire worthless.

I sell puts instead of entering limit orders to buy shares. I only sell put contracts on investments that I want to own or don’t mind owning.

I’ve only sold covered calls a couple of times and I would have done better by simply holding on to the underlying shares of stock and selling at a higher price.

I might sell covered calls again if shares that I own seem to be overvalued and I don’t want to hang on to them. But the prices of those options never seem too attractive.
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This is true, but it is a good way for a beginner to learn how it all works. Selling puts is a little more risky even though a beginner will have to be cash secured and the premium is better. I wouldn't recommend that unless they are trading around a position.
 
#17,125
#17,125
SpaceCoastVol said:
This is true, but it is a good way for a beginner to learn how it all works. Selling puts is a little more risky even though a beginner will have to be cash secured and the premium is better. I wouldn't recommend that unless they are trading around a position.
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Sell cash reserved puts only if you want to own the shares no matter what.

Sell covered calls if you don’t care to have your shares called away.

NEVER sell a naked call without hedging.

Buy puts if you’re certain that a stock/company is garbage.

Buy calls if you’re certain that the shares will rise in value by the contract expiration date. Upside is leveraging a position that goes up and huge profits are possible. Downside is that the contract probably goes to zero value.
 
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