stock market was up today...

[85SugarVol]

Not yet. I watch the ETFs though. I don’t know 90% of the securities in those funds. She sure influences prices on some stock names.

You might take a look at the ARK Genomics fund if you like Healthcare.

have you ever looked at BDCs? Seem like an interesting way to get exposure to some of the big PE boys like Apollo Management.

 

[Thunder Good-Oil]

You might take a look at the ARK Genomics fund if you like Healthcare.

have you ever looked at BDCs? Seem like an interesting way to get exposure to some of the big PE boys like Apollo Management.

Not looking at BRCs. I do own Blackstone though. Anything that’s exotic I’m only getting involved if my advisor is recommending it… even though they’ll peel off substantial fees.

ARKF and ARKX are the only two that I have limit buys set. ARKX is getting close to the price. FinTech is still way above where it’ll execute.

 

[VolStrom]

I'm just wondering if any of you day traders have compared your total returns every year after adding in the short term capital gains taxes to an index fund? I know 85% of mutual funds don't do as well, and they're run by professionals. I'll go ahead and answer and every one of you will say that you beat the S&P index every year, am I right?

 

[85SugarVol]

Not looking at BRCs. I do own Blackstone though. Anything that’s exotic I’m only getting involved if my advisor is recommending it… even though they’ll peel off substantial fees.

ARKF and ARKX are the only two that I have limit buys set. ARKX is getting close to the price. FinTech is still way above where it’ll execute.

It’s not a bad time to be looking at ARK. They have cooled since their hot takeoff in ‘20

Could be poised for another breakout.

 

[Thunder Good-Oil]

It’s not a bad time to be looking at ARK. They have cooled since their hot takeoff in ‘20

Could be poised for another breakout.

I’d like to see the chart comparison with Tesla which she has been piggy backing for a while. Seems like she carries AMZN or AAPL along with a few hundred small caps. Her celebrity moves the prices of the smaller names.

 

[Thunder Good-Oil]

I'm just wondering if any of you day traders have compared your total returns every year after adding in the short term capital gains taxes to an index fund? I know 85% of mutual funds don't do as well, and they're run by professionals. I'll go ahead and answer and every one of you will say that you beat the S&P index every year, am I right?

I’m not a day trader but I do trade with margin. A smaller percentage of my holdings as I’m “maturing” and now managing my risk more conservatively.

When I was heavily margined I’d smash the S & P in the up years. Then I was close to losing it all during the years of market melt downs. Right now I’m less than 10% margin, but even that is too much since I own some debt and am sitting on cash.

 

[VolStrom]

When I was heavily margined I’d smash the S & P in the up years. Then I was close to losing it all during the years of market melt downs. Right now I’m less than 10% margin, but even that is too much since I own some debt and am sitting on cash.

So your answer is no, over time the S&P does better than you do. Look at the average investor over 20 years and where do you think they would be better off?

 

[Thunder Good-Oil]

So your answer is no, over time the S&P does better than you do. Look at the average investor over 20 years and where do you think they would be better off?

Most years are up years. It isn’t that hard to beat the S&P if leverage is incorporated but kept below 30%.

 

[85SugarVol]

I’d like to see the chart comparison with Tesla which she has been piggy backing for a while. Seems like she carries AMZN or AAPL along with a few hundred small caps. Her celebrity moves the prices of the smaller names.

She has definitely caused moves with smaller names in the past. Her Amazon & Apple positions are gone these days though.

Tesla still about a 10% stake in ARKW -


Some nice indirect exposure to crypto though thru Grayscale & Coinbase

 

[85SugarVol]

I'm just wondering if any of you day traders have compared your total returns every year after adding in the short term capital gains taxes to an index fund? I know 85% of mutual funds don't do as well, and they're run by professionals. I'll go ahead and answer and every one of you will say that you beat the S&P index every year, am I right?

***The old man comes down off his porch to yell at the kids playing in the streets.

Who is talking about day trading? Or are you just looking for something to grouch about lol?

 

[norrislakevol]

50% in cash???

For now, yes. Bad position with inflation, but also limits your exposure with a big drop which is likely soon.

 

[BigOrangeMojo]

I'm just wondering if any of you day traders have compared your total returns every year after adding in the short term capital gains taxes to an index fund? I know 85% of mutual funds don't do as well, and they're run by professionals. I'll go ahead and answer and every one of you will say that you beat the S&P index every year, am I right?

Been with current employer for 18 years. There's an index fund in my 401k and I've clearly outperformed it 13 years. There's 2 years where I underperformed and 3 years where I slightly outperformed but will call flat due to tax reasons.

Granted other than the 07-10 timeframe, been largely an up market.

 

[Thunder Good-Oil]

Actively managed funds might be run by professionals, but they also have lots of rules and regulations to deal with. They’ll get sued if they take on too much risk like not being fully diversified (and therefore being unable to be concentrated in just a few names). Mutual funds are limited to how much margin they can use and they must meet liquidity requirements. Plus the large open ended funds are challenged by finding places to invest new money as it rolls in after their fund publishes excellent results. They make money by growing their AUM so few will turn away new investors.

Individual investors (not day traders) can easily outperform the S&P 500 if they know what they are doing.

 

[85SugarVol]

Actively managed funds might be run by professionals, but they also have lots of rules and regulations to deal with. They’ll get sued if they take on too much risk like not being fully diversified (and therefore being unable to be concentrated in just a few names). Mutual funds are limited to how much margin they can use and they must meet liquidity requirements. Plus the large open ended funds are challenged by finding places to invest new money as it rolls in after their fund publishes excellent results. They make money by growing their AUM so few will turn away new investors.

Individual investors (not day traders) can easily outperform the S&P 500 if they know what they are doing.

I’ve posted large, established funds many times over that consistently beat the S&P and their specific Index. They really aren’t that hard to find.

 

[SpaceCoastVol]

I'm just wondering if any of you day traders have compared your total returns every year after adding in the short term capital gains taxes to an index fund? I know 85% of mutual funds don't do as well, and they're run by professionals. I'll go ahead and answer and every one of you will say that you beat the S&P index every year, am I right?

I'm not a 'day trader' per se, but I usually make somewhere around 1500+ trades every year. I don't look at percentages. I look at bottom line $. You don't spend percentage. I have a $ goal, and that is what I look at. Yeah I know... weird.

 

[SpaceCoastVol]

For now, yes. Bad position with inflation, but also limits your exposure with a big drop which is likely soon.

I'm also 50% cash or so. I am still trading options like crazy, but mostly I am cash.

 

[85SugarVol]

I'm not a 'day trader' per se, but I usually make somewhere around 1500+ trades every year. I don't look at percentages. I look at bottom line $. You don't spend percentage. I have a $ goal, and that is what I look at. Yeah I know... weird.

Lol… that’s 6 trades per day….

 

[SpaceCoastVol]

Lol… that’s 6 trades per day….

True, but I don't trade watching the minute by minute tickers. I sell puts.. lots of them. I make a lot of trades, but rarely if ever go in and out of a position in the same day.

 

[Rasputin_Vol]

 

[Thunder Good-Oil]

I bet that she can explain crypto valuations as well as any of the VN crypto experts.

 

[Vol423]

LOL. They have hedges around their house.

 

[Thunder Good-Oil]

Buying opportunity? CNBC guests are talking up the financials and energy.

Post COVID names are getting hammered in the pre-markets.

NYSE shutting it down at 1pm today.

Be careful out there.

 

[SpaceCoastVol]

Anybody seen a body count on the latest variant? I am wondering if I should double down on my Amalgumated Body Bag investment.

 

[05_never_again]

Anybody seen a body count on the latest variant? I am wondering if I should double down on my Amalgumated Body Bag investment.

This market is not skittish about this any variant...they are skittish about political reactions to the variant (i.e., lockdowns).

 

[Ernest T. Vol]

Fed has gone from saying no risk of inflation in Spring, to transitory inflation only all Summer, to now "speeding up the taper". They are driving down the road looking in the rear-veiw mirror.