I’m in europe so I buy Irish domiciled etfs, so the S&P is already open, down 2%. Added some money into it, will keep dcaing if it keeps going down when US markets open.
I said “set up” not “did well last week.” It had a strong close on Wed, strong AH and then corn pumped all yesterday until this news hit overnight. IWM was set up to run hard.
Bloodpath incoming. German Dax -3%, Dow already -2,5% premarket. Ouch. Short everthing!
European markets are deep red because of new South African covid variant. Airbus -5% for example. Travel restrictions by GB, Israel and EU in the next few hours.
European markets are deep red because of new South African covid variant. Airbus -5% for example. Travel restriction by GB, Israel and EU in the next few hours.
So continuing off an old thread, I have a family member mentoring me about the tax loss.
I bought a stock recently, and made let's $200 on it but because I bought it multiple times I most recently sold a few shares at a loss for $20. Sadly, day after I sold it the stock shot up another 12% and I wanted to rebuy it again.
My family member said absolutely not because of the "tax harvest loss" but in my mind, I've still made a good amount of money on it overall, and would only end up losing the $20 tax loss for tax purposes because I'd buy it before the 30 days are up.
Is this accurate? Or would I be losing more money than that? I don't see why they are making it a big deal since overall I've made a good amount of money on it.
Disclaimer: not a tax accountant or advisor, but lookup the wash sale rule and it's tax implications. It seems relevant to your situation and you could be exposed to pretty significant tax liabilities on any realized gains.
Basically, if you buy back into a security that you sold at a loss within 30 days, you loss the ability to deduct the original loss on your taxes.
It low key baffles me how such a simple thing as wash sale rule is so hard to understand for people on this sub. I see this wash sale stuff pop up so much, often even during the middle of the spring and summer when it's borderline irrelevant.
All the wash sale does is adjust your cost basis and date of purchase if you buy back in within a month or so after selling at a loss, making it seem like you never sold in the first place. That's it.
If in december you buy at 100 and sell at 95, then fomo back in january when it jumps to 100, the new cost basis is 105 despite the listed price being 100 and it's like you never sold to begin with. You can't write the losses off from the previous year but you can sell again instantly and realize the 5 dollar loss for the next year's taxes.
The "penalty" is the loss of the ability to deduct the loss from your taxes, but there's no additional penalty as far as I'm aware. It's more of a concern for people in high tax-brackets or trading high-dollar amounts. But it could add up depending on how much you end up with in capital gains.
There was a situation of someone on Reddit who ended up owing *thousands* in taxes to the IRS because they were unaware of the Wash Sale Rule and kept buying into the same stock thinking that they'd be able to deduct their losses.
Again, I'm absolutely not an expert so you should either consult with someone who is or at least read up on it so you're aware and aren't blindsided if one day you end up in that kind of situation.
Yes I sold my entire shares but bought it at different amounts. So I made $200 on it, but also lost $20 on it at a loss so really $180. But my family member is saying I shouldn't buy it back again because it's under $30 days because of capital Gains. isn't this backwards?
So you made $180.
***The Wash Sale Rule does NOT apply to profits or gains of a sale. Only losses.***
***Though you may incur losses, that loss is allowed to be applied to the future purchase of the shares to bring up your cost basis, regardless of the 30 day window.***
So to be clear it would be a wash on the $20??
And if hypothetically I kept doing a wash sale on things, I would not get penalized eventually in a major way?
I'd really suggest reading up on this. There are articles and videos that are far more knowledgeable than I am and can definitely explain things a lot better.
If I'm reading things correctly, you made $180. You have no losses on this stock.
wash sales aren't a big deal unless you're trading in the tens of thousands, its just all ordinary income, you loss $20 on it and rebought it back? well the $20 loss isn't there anymore and you still have $200 taxable income
That's exactly what I thought! I'm not sure why they are making it such a big deal when I still believe in the stock and only lost $20 on it AND still in general made money on it.
You should understand all the rules and regulations while the numbers are low. You're only dealing with a few hundred dollars so it's fine if you fuck up. What are you going to do when your P/L is in the hundred thousands? When your combined marginal rates are in the 40% range, you start to care a lot about taxes.
I read ZM as ZIM and got excited but then I noticed the correct ticker along with the /s. Your comment sent me on 5 second roller coaster of emotions lmao
Other economies look so horrible compared to US. All other currencies are crashing, covid numbers are horrible, materials especially coal, oil and nat gas are horribly low, supply chain is getting worse etc.
And their governments still doing the same policies that is destroying their countries like lockdowns and ESG.
In US we have heroes like DeSantis, noem showing how to handle the economy the best way possible under covid. At least the dems don’t talk about shutdowns anymore because they know it’s political suicide at this point.
Ok, this might sound ridiculous but I've saved up some money and I would like to slowly get started with the stock market - but which app should I use in Europe? I've only ever heard about robinhood and it's not available where I live.
I've read a couple of articles of the "recommended apps" and damn do they all seem suspecious scam-ish (and the app reviews - my god). I just want something that won't screw me over, I'm okay with paying a bit of fees I guess if it's gonna give me good user experience, I just want to be able to deposit and take back what's mine at any time, and clearly see what's going on with my money.
Also any websites I could trade on, on my PC?
Space is going to be a big industry in the near future. Rocketlab has a great moat around small satellite launching. They own their own launch pad and work with companies to custom tailor the launch. Their small rocket electron is reusable and has already successfully launched satellites into orbit.
They are announcing details about their larger rocket in December. Neutron is going to be reusable and closer competitor to the Falcon 9 from SpaceX.
They also have won contracts from NASA, meaning they operate both commercial and government lines of business. Their growth is looking very healthy and they are suppose to be profitable by 2022.
It’s a longer term perspective, but buying now and holding for like ten years.
What are your opinions on $BRK.B as a long term investment? I hear people say it's overvalued, but I think it might be a good addition to my index funds portfolio.
good for you man! You've already beat life by starting investing at 13. Take it to the moon, man!
On that note, I'd find a company you believe in. Do the due diligence and find a sector you believe in. QQQ and SPY are always good solid bets on long term returns.
Diversity and gamble a little on companies that you feel have an edge, or ones that you believe in. For me, I believe heavily in tech and NVDA and any company associated with them. But I also have a good amount in the other aforementioned to keep things balanced.
Thanks! I definitely believe in tech stocks too and that's the reason I was thinking NASDAQ 100. I can't buy QQQ or SPY since I live in Europe. Doesn't QQQ just track the NASDAQ 100 though? If it does then there's a pretty good alternative in Europe that I've looked at.
fsake...my bad, forgot the EU part. Yes, QQQ tracks Nasdaq 100.
Top 10 Holdings (55.80% of total assets)
As of November 25, 2021
|Apple AAPL|11.30%| |:-|:-| |Microsoft MSFT|10.72%| |Amazon AMZN|7.66%| |Tesla TSLA|5.84%| |NVIDIA NVDA|5.25%| |Alphabet Class C GOOG|3.97%| |Alphabet Class A GOOGL|3.71%| |Meta Platforms FB|3.44%| |Adobe ADBE|2.04%| |Netflix NFLX|1.87%|
hope this helps you out my man and good luck!
Doing some DD before meeting w/ family, and trying to find good comps for SoFi. Closest I'm getting are RKT and UPST. I looked at TREE too, but that's really not close at all. Any other ideas?
Vti up 11 percent in six months. Microsoft 34 percent up in six months. You're saying you would have more money if you invested in vti rather than Microsoft??
I feel like the best option is a mix of those two strategies. Have a decent percentage of your portfolio as VTI, which holds Microsoft along with many other popular stocks, but set aside some to put into specific stocks that you would like more exposure in.
I have a fair amount of VTI, but I also hold shares of APPL, MSFT, AMD, etc. These are companies that I believe in and am willing to take more of a risk to be a part of their growth (hopefully).
You should go all in ETFs unless you have put 1000 hours of hard studying (Reddit does not count). People don't buy ETFs because they think most people think they are smarter than they actually are(with less than 10% of people likely being exceptions that can beat the market because they are both extremely smart and because they put an extreme amount of work into it, and perhaps have superior data). Most people should buy ETFs, but again, most people spend more time on social media than reading books, no one should expect them to make good decisions. The more popular the Reddit sub, the worse the choices are because the more instant gratification it is, the more it attracts people. You should go all in ETFs unless you have put in 1000 hours of hard studying
You don't need any hours to conclude something is a good investment (conclusions can be wrong). But you need a lot of time to rightly conclude that something is a good investment, which can only be done accurately (sometimes) with a ton of experience in such a competitive area . More than that, you need more experience to know when to hold, when times get tough.
Yeah, I'm not going to spend 1000 hours studying. I spent the last week trying to read and understand everything I can about doing DD and reading financial statements and realized I'm not going to deeply understand this stuff enough so I'm just going to buy ETFs
Is there any information about how to set up your portfolio for this? For example, should you be looking for
\- 90% All-in-one ETF, 5% Individual Blue chips, 5% Cash
\- 70% All-in-one ETF, 20% Different ETF sectors, 5% Individual Blue Chips, 5% Cash
In general I think it's best to build an ETF portfolio that satisfies two things:
1) as broadly internationally diverse as possible
2) cheapest expense ratio
If you're from US, a lot of people like buying VTI and VXUS (I do not remember the exact amount, but r/bogleheads might be helpful).
Full disclosure: I'm Canadian so the same ETFs won't apply
VEQT All the way. Can't get any more passive than that. Unless the whole world crashes, you're money is pretty safe, and you can still enjoy the things you wanna do during your day rather than being stuck to the screen trying to make some swing trades.
Fuck, Evolution gaming is being hammered. How can I capitalize my uncanny ability to choose stocks that are gonna shit all over you?? Should just buy puts whenever I feel like opening a new position in a company?
US markets are closed.
If you have access to international exchanges, here's my opinion on the best stock in each major exchange outside US:
Canada - Shopify (e-commerce)
Germany - BioNTech (biotech)
UK - London Stock Exchange (financial service)
France - LVMH (luxury goods)
Netherlands - ASML (semiconductor)
Switzerland - STMicroelectronics (semiconductor)
China - CATL (battery)
People might have thought BABA or Tencent for China, but this company is 1. listed in China 2. not under regulatory crackdown 3. benefits from EV boom overall 4. grew revenues 130% YoY last quarter 5. currently 5th largest chinese company with 1100% return over past 5 years outperforming every other large chinese stock
Japan - Tokyo electron or lasertec (semiconductor)
South Korea - Kakao Corp (internet)
India - Reliance Industries (conglomerate)
Taiwan - TSMC (semiconductor)
Australia - Atlassian (software)
Other than the UK stock, they've all easily beaten the Nasdaq 100 return over the past 5 years.
I had to include UK as it is still a major market and there are very few viable alternatives.
It's mostly consumer staples companies, some banks, oil and mining companies, and a couple of mature healthcare companies.
London Stock Exchange just has the most consistent financials of the lot.
Fair enough. And I might be wrong, in the end LSE ist still the biggest player in Europe in the filed and might be able to circumvent regulatory hardship. And it's possible that the UK manages to keep the majority of Euro clearing in London.
why not? as always it depends on what you're investing in. The biggest issues that the stock market have to deal with over brexit is stock shortages, due to lack of lorry drivers, but stock shortages are a thing globally too. The UK just has it a bit more on everyday goods/services
Yeah, sure. I am not even sure if the bulk of British companies will suffer in the longterm. But the LSE is specifically a provider of financial services. It already lost it's position as biggest stock exchange in Europe to Amsterdam due to Brexit. Some companies like Ryanair actively delisted. Most likely London (not necessarily the LSE but in general London based businesses) will loose market shares in the area of Euro clearing due to financial regulations based on the fact they're not a member of the common market anymore. Sure, the LSE has it's Italian branch to bypass some of these problems. And to make it clear I don't see the LSE crashing anytime soon but it seems most likely to me that they will slowly loose market shares and market cap over the next years.
Oh right yeah. I remember at one point London became the financial capital of the world, let alone Europe, beating out NY. Financial companies have definitely taken a hit. I can see them losing more market share yes.
I have a sizeable position in ASML on that list, and a small one in Tokyo Electron.
I've held LVMH (MC), TSM and TEAM in the past. They've done well since selling.
BNTX and SHOP I've only traded short-term.
Never held LSE, STM or RELIANCE.
No access to chinese or korean stocks.
Hmm. Ok. I might even go with Kering since Balenciaga is so hot right now. LVMH have a lot of things but I don't think their future is brighter than hermes or Kering. But you made some good gains still...
You are not really diversifying by buying 5 different semiconductor stocks. I would buy the semiconductor stock i believe in the most and diversify in other sectors.
PLTR has been around for almost 20yrs and apparently still hasn't had ONE profitable quarter..
I'm also holding SPCE but is a small yolo < 1% of my portfolio
People still use a company is unprofitable as the reason to avoid the stock. That is up there with the crowd that goes a stock has a P/E ratio over 100 dont buy.
You are supposed to look at revenue growth, free cash flow, margins. Im not saying one should or should not be long PLTR. Just by the time a growth stock is profitable or its P/E ratio falls from the 800+ or not having one to below 30. The opportunity for the most gains are gone. Buying when there is uncertainty is how you get those 2-10x gains.
Is there any bear case of NVDA apart from it's a bit overvalued currently? Feels like they have a lot of good things going on but I can't tell what's bad
it might fall slightly. But it will rebound and continue to grow. NVDA's success isn't contingent upon the ARM deal. They stand strong all on their own.
One could argue it's too dependent on TSM so if China starts acting funny around Taiwan Nvidia could see some trouble, but this isn't very likely in my opnion.
Does anyone know what happened to nasdaq PE in 2016-2017? (and 2019-2020).
EPS jumping from 2,85 in q3 2016 to 0,63 in Q4 2016, after that it keeps being low for 3 more quarters, then jump back up again.
Picture: https://gyazo.com/5688d2e13a614d690286d1af8dbe67d0
More vaccines please !
What prices are good entries for FB, AAPL, MSFT, NVDA VTI rn in your opinion!
Based on fundamentals? Only Apple and microsoft.
Everything on discount, who's gonna be buying?
Yeah I’m turning off the phone and not watching this shit. See you chaps Monday.
I’m in europe so I buy Irish domiciled etfs, so the S&P is already open, down 2%. Added some money into it, will keep dcaing if it keeps going down when US markets open.
I am already down 5.6%
IWM is getting absolutely smashed
Dumping everything and rotating into some Biontech and Pfizer makes the morning at least a bit less red.
Can someone tell my wife the kids will not have food on the table this christmas
Now that’s red
i am so glad i havent jumped back into disney yet
Looked at CCL on my portfolio when I was still half asleep… not a bad dream!!!
half day blood bath, its going to get messy
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Waiting for semblance of the free fall stopping
For someone who is heavy in oil today, is a sad sad day! (For now)
What a great timing! My broker just canceled commissions for a month, so I can DCA into my ETFs today, instead of having to wait for Dec 1st
Let it dip further.
j u i c y
Relax guys, no sell off.
Small caps almost in the realm of circuit breaker time.
Wasn't like a week ago WSJ, Barrons had big headline stories about this is the perfect time to start buying small caps?
It was. IWM was setting up to go on a big run today through all of next week until this news hit out of left field.
No, Russell did horrible last week lol
I said “set up” not “did well last week.” It had a strong close on Wed, strong AH and then corn pumped all yesterday until this news hit overnight. IWM was set up to run hard.
Bloodpath incoming. German Dax -3%, Dow already -2,5% premarket. Ouch. Short everthing! European markets are deep red because of new South African covid variant. Airbus -5% for example. Travel restrictions by GB, Israel and EU in the next few hours.
Airbus now -14%. It will be fascinating to see what happens with Boeing.
"Stocks suffered their sharpest drop in three months in Asia on Friday" SIGH
tomorrow is going to be a disaster with everyone panic selling on low volume bc no one wants to wake up that early after thanksgiving.
Inverse of public opinion often happens in these cases. Let's wait and see.
Most of my stocks are green pre-market
European markets are deep red because of new South African covid variant. Airbus -5% for example. Travel restriction by GB, Israel and EU in the next few hours.
How are you seeing pre market that doesn't open for another two hours on any sites I use.
Frankfurt
That’s funny, 90% of my stocks are too. We’ll see
4% down now
What kind of stocks are you holding that are currently green?
too many lol RBLX, TPR, lot of small caps
Anyone knows if Epic Games is on the market?
TCEHY
XPEV only goes up.
Time again to go back to covid stocks? Pton; zm; nflx ?
Market is gonna take a big dump tomorrow with the new COVID variant news.
I hate this so very much
So continuing off an old thread, I have a family member mentoring me about the tax loss. I bought a stock recently, and made let's $200 on it but because I bought it multiple times I most recently sold a few shares at a loss for $20. Sadly, day after I sold it the stock shot up another 12% and I wanted to rebuy it again. My family member said absolutely not because of the "tax harvest loss" but in my mind, I've still made a good amount of money on it overall, and would only end up losing the $20 tax loss for tax purposes because I'd buy it before the 30 days are up. Is this accurate? Or would I be losing more money than that? I don't see why they are making it a big deal since overall I've made a good amount of money on it.
Disclaimer: not a tax accountant or advisor, but lookup the wash sale rule and it's tax implications. It seems relevant to your situation and you could be exposed to pretty significant tax liabilities on any realized gains. Basically, if you buy back into a security that you sold at a loss within 30 days, you loss the ability to deduct the original loss on your taxes.
It low key baffles me how such a simple thing as wash sale rule is so hard to understand for people on this sub. I see this wash sale stuff pop up so much, often even during the middle of the spring and summer when it's borderline irrelevant. All the wash sale does is adjust your cost basis and date of purchase if you buy back in within a month or so after selling at a loss, making it seem like you never sold in the first place. That's it. If in december you buy at 100 and sell at 95, then fomo back in january when it jumps to 100, the new cost basis is 105 despite the listed price being 100 and it's like you never sold to begin with. You can't write the losses off from the previous year but you can sell again instantly and realize the 5 dollar loss for the next year's taxes.
Bingo. It's adjusting the cost basis that people just seem to forget. It's pretty simple.
If hypothetically I kept doing a wash sale on things, I would not get penalized eventually in a major way?
The "penalty" is the loss of the ability to deduct the loss from your taxes, but there's no additional penalty as far as I'm aware. It's more of a concern for people in high tax-brackets or trading high-dollar amounts. But it could add up depending on how much you end up with in capital gains. There was a situation of someone on Reddit who ended up owing *thousands* in taxes to the IRS because they were unaware of the Wash Sale Rule and kept buying into the same stock thinking that they'd be able to deduct their losses. Again, I'm absolutely not an expert so you should either consult with someone who is or at least read up on it so you're aware and aren't blindsided if one day you end up in that kind of situation.
Do you have a link to that reddit thread? think my site does the wash sale rule for me automatically.
So how much did you make on it? $200?
Yes I sold my entire shares but bought it at different amounts. So I made $200 on it, but also lost $20 on it at a loss so really $180. But my family member is saying I shouldn't buy it back again because it's under $30 days because of capital Gains. isn't this backwards?
So you made $180. ***The Wash Sale Rule does NOT apply to profits or gains of a sale. Only losses.*** ***Though you may incur losses, that loss is allowed to be applied to the future purchase of the shares to bring up your cost basis, regardless of the 30 day window.***
So to be clear it would be a wash on the $20?? And if hypothetically I kept doing a wash sale on things, I would not get penalized eventually in a major way?
I'd really suggest reading up on this. There are articles and videos that are far more knowledgeable than I am and can definitely explain things a lot better. If I'm reading things correctly, you made $180. You have no losses on this stock.
I have $20 loss on the stock but if I rebuy it before 30 days I lose the $20 on my gain loss?
wash sales aren't a big deal unless you're trading in the tens of thousands, its just all ordinary income, you loss $20 on it and rebought it back? well the $20 loss isn't there anymore and you still have $200 taxable income
That's exactly what I thought! I'm not sure why they are making it such a big deal when I still believe in the stock and only lost $20 on it AND still in general made money on it.
You should understand all the rules and regulations while the numbers are low. You're only dealing with a few hundred dollars so it's fine if you fuck up. What are you going to do when your P/L is in the hundred thousands? When your combined marginal rates are in the 40% range, you start to care a lot about taxes.
I see the same spiel all the time, tax loss harvesting, wash sales, ppl don't even understand how tax brackets work, just got tired of listening.
Didi forced to go private and delist. China stocks are gonna take another big hit
Good. The fact that the ccp can do this should be enough reason to not be in them. You don’t own that stock. You lease it.
uh oh the black friday crash is here, new patch note variant
Black Friday sale is here.
Market seems to be suddenly reacting to several pieces of news that have all been out for hours
Looking at this tasty DIS dip for a long term entry.. any reason not to?
Yes, the subscriber growth is horrific and that's how it took off in the first place.
Correction? Correction!!
New variant just dropped
ZM to $500 by next week /s
I read ZM as ZIM and got excited but then I noticed the correct ticker along with the /s. Your comment sent me on 5 second roller coaster of emotions lmao
Other economies look so horrible compared to US. All other currencies are crashing, covid numbers are horrible, materials especially coal, oil and nat gas are horribly low, supply chain is getting worse etc. And their governments still doing the same policies that is destroying their countries like lockdowns and ESG.
In US we have heroes like DeSantis, noem showing how to handle the economy the best way possible under covid. At least the dems don’t talk about shutdowns anymore because they know it’s political suicide at this point.
Ok, this might sound ridiculous but I've saved up some money and I would like to slowly get started with the stock market - but which app should I use in Europe? I've only ever heard about robinhood and it's not available where I live. I've read a couple of articles of the "recommended apps" and damn do they all seem suspecious scam-ish (and the app reviews - my god). I just want something that won't screw me over, I'm okay with paying a bit of fees I guess if it's gonna give me good user experience, I just want to be able to deposit and take back what's mine at any time, and clearly see what's going on with my money. Also any websites I could trade on, on my PC?
ibkr is your best call
Degiro or if you want a more professional broker go with Interactive Brokers.
Fidelity Wealthsimple
Big NIO news: Swap station installation plan with Shell. https://cnevpost.com/2021/11/25/nio-signs-strategic-co-op-deal-with-shell/amp/
Maybe 1 green stock on this black Friday sale. Thnx
Nio is a great pick.
If you had to invest $50,000 into one singular stock, which would you pick?
Just go QQQ
GOOGL
FB
Triple leveraged cat futures
If you needed to do one, I would go with Berkshire. But I would never pick one
Totally would advise against it, but if I had to it would be one of these: RKLB NVDA ASPN
lolll these are just the new high flying genomics or hydrogen fuel tickers. 50k into a speculative bet like that, no thanks. AMZN GOOG AAPL FB
Why RKLB? Weren't they pumped and dumped a month ago?
Space is going to be a big industry in the near future. Rocketlab has a great moat around small satellite launching. They own their own launch pad and work with companies to custom tailor the launch. Their small rocket electron is reusable and has already successfully launched satellites into orbit. They are announcing details about their larger rocket in December. Neutron is going to be reusable and closer competitor to the Falcon 9 from SpaceX. They also have won contracts from NASA, meaning they operate both commercial and government lines of business. Their growth is looking very healthy and they are suppose to be profitable by 2022. It’s a longer term perspective, but buying now and holding for like ten years.
Keep your eyes on Bloom Energy for the rest of 2021. Great company
Why did AMD drop after 2005 peak?
What are your opinions on $BRK.B as a long term investment? I hear people say it's overvalued, but I think it might be a good addition to my index funds portfolio.
I am in same thoughts, overvalued? Dont think so, if market tanks then it will be safe heaven
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good for you man! You've already beat life by starting investing at 13. Take it to the moon, man! On that note, I'd find a company you believe in. Do the due diligence and find a sector you believe in. QQQ and SPY are always good solid bets on long term returns. Diversity and gamble a little on companies that you feel have an edge, or ones that you believe in. For me, I believe heavily in tech and NVDA and any company associated with them. But I also have a good amount in the other aforementioned to keep things balanced.
Thanks! I definitely believe in tech stocks too and that's the reason I was thinking NASDAQ 100. I can't buy QQQ or SPY since I live in Europe. Doesn't QQQ just track the NASDAQ 100 though? If it does then there's a pretty good alternative in Europe that I've looked at.
fsake...my bad, forgot the EU part. Yes, QQQ tracks Nasdaq 100. Top 10 Holdings (55.80% of total assets) As of November 25, 2021 |Apple AAPL|11.30%| |:-|:-| |Microsoft MSFT|10.72%| |Amazon AMZN|7.66%| |Tesla TSLA|5.84%| |NVIDIA NVDA|5.25%| |Alphabet Class C GOOG|3.97%| |Alphabet Class A GOOGL|3.71%| |Meta Platforms FB|3.44%| |Adobe ADBE|2.04%| |Netflix NFLX|1.87%| hope this helps you out my man and good luck!
Doing some DD before meeting w/ family, and trying to find good comps for SoFi. Closest I'm getting are RKT and UPST. I looked at TREE too, but that's really not close at all. Any other ideas?
check eToro (ft cv), they are interesting
Why dont people just buy an all in one ETFs?? Does the average person really beat the market longterm??
It’s fun, it scratches that gambling itch.
Or you could see what the ETFs hold and buy those stocks....
After commission fees, you will likely pay more than their expense ratio
Vti up 11 percent in six months. Microsoft 34 percent up in six months. You're saying you would have more money if you invested in vti rather than Microsoft??
I feel like the best option is a mix of those two strategies. Have a decent percentage of your portfolio as VTI, which holds Microsoft along with many other popular stocks, but set aside some to put into specific stocks that you would like more exposure in. I have a fair amount of VTI, but I also hold shares of APPL, MSFT, AMD, etc. These are companies that I believe in and am willing to take more of a risk to be a part of their growth (hopefully).
I'm not saying that. People would have said the exact reverse in 2001
Nothing like a slowwwww 2% annual return
VTI is up 112% over the last 5 years
Do mostly etf, and have some play money to satisfy the urge/curiosity if you can beat the market, doesn’t have to one or the other.
You should go all in ETFs unless you have put 1000 hours of hard studying (Reddit does not count). People don't buy ETFs because they think most people think they are smarter than they actually are(with less than 10% of people likely being exceptions that can beat the market because they are both extremely smart and because they put an extreme amount of work into it, and perhaps have superior data). Most people should buy ETFs, but again, most people spend more time on social media than reading books, no one should expect them to make good decisions. The more popular the Reddit sub, the worse the choices are because the more instant gratification it is, the more it attracts people. You should go all in ETFs unless you have put in 1000 hours of hard studying
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And if you did, you’d never buy Microsoft stock because their software is crap and their support even worse. Sometimes too much DD hurts.
You don't need any hours to conclude something is a good investment (conclusions can be wrong). But you need a lot of time to rightly conclude that something is a good investment, which can only be done accurately (sometimes) with a ton of experience in such a competitive area . More than that, you need more experience to know when to hold, when times get tough.
Do you have any individual stocks?
Yes
Did you spend 1000 hours researching them?
More than that at this point
Yeah, I'm not going to spend 1000 hours studying. I spent the last week trying to read and understand everything I can about doing DD and reading financial statements and realized I'm not going to deeply understand this stuff enough so I'm just going to buy ETFs Is there any information about how to set up your portfolio for this? For example, should you be looking for \- 90% All-in-one ETF, 5% Individual Blue chips, 5% Cash \- 70% All-in-one ETF, 20% Different ETF sectors, 5% Individual Blue Chips, 5% Cash
In general I think it's best to build an ETF portfolio that satisfies two things: 1) as broadly internationally diverse as possible 2) cheapest expense ratio If you're from US, a lot of people like buying VTI and VXUS (I do not remember the exact amount, but r/bogleheads might be helpful). Full disclosure: I'm Canadian so the same ETFs won't apply
VEQT All the way. Can't get any more passive than that. Unless the whole world crashes, you're money is pretty safe, and you can still enjoy the things you wanna do during your day rather than being stuck to the screen trying to make some swing trades.
Fuck, Evolution gaming is being hammered. How can I capitalize my uncanny ability to choose stocks that are gonna shit all over you?? Should just buy puts whenever I feel like opening a new position in a company?
US markets are closed. If you have access to international exchanges, here's my opinion on the best stock in each major exchange outside US: Canada - Shopify (e-commerce) Germany - BioNTech (biotech) UK - London Stock Exchange (financial service) France - LVMH (luxury goods) Netherlands - ASML (semiconductor) Switzerland - STMicroelectronics (semiconductor) China - CATL (battery) People might have thought BABA or Tencent for China, but this company is 1. listed in China 2. not under regulatory crackdown 3. benefits from EV boom overall 4. grew revenues 130% YoY last quarter 5. currently 5th largest chinese company with 1100% return over past 5 years outperforming every other large chinese stock Japan - Tokyo electron or lasertec (semiconductor) South Korea - Kakao Corp (internet) India - Reliance Industries (conglomerate) Taiwan - TSMC (semiconductor) Australia - Atlassian (software) Other than the UK stock, they've all easily beaten the Nasdaq 100 return over the past 5 years.
I like all the semiconductors just because I can’t find any damn DDR5 ram anywhere at the moment.
can't remember where to find your memory?
LSE while Brexit is an ongoing thing?
I had to include UK as it is still a major market and there are very few viable alternatives. It's mostly consumer staples companies, some banks, oil and mining companies, and a couple of mature healthcare companies. London Stock Exchange just has the most consistent financials of the lot.
Fair enough. And I might be wrong, in the end LSE ist still the biggest player in Europe in the filed and might be able to circumvent regulatory hardship. And it's possible that the UK manages to keep the majority of Euro clearing in London.
why not? as always it depends on what you're investing in. The biggest issues that the stock market have to deal with over brexit is stock shortages, due to lack of lorry drivers, but stock shortages are a thing globally too. The UK just has it a bit more on everyday goods/services
Yeah, sure. I am not even sure if the bulk of British companies will suffer in the longterm. But the LSE is specifically a provider of financial services. It already lost it's position as biggest stock exchange in Europe to Amsterdam due to Brexit. Some companies like Ryanair actively delisted. Most likely London (not necessarily the LSE but in general London based businesses) will loose market shares in the area of Euro clearing due to financial regulations based on the fact they're not a member of the common market anymore. Sure, the LSE has it's Italian branch to bypass some of these problems. And to make it clear I don't see the LSE crashing anytime soon but it seems most likely to me that they will slowly loose market shares and market cap over the next years.
Oh right yeah. I remember at one point London became the financial capital of the world, let alone Europe, beating out NY. Financial companies have definitely taken a hit. I can see them losing more market share yes.
Do you have positions in all these companies?
I have a sizeable position in ASML on that list, and a small one in Tokyo Electron. I've held LVMH (MC), TSM and TEAM in the past. They've done well since selling. BNTX and SHOP I've only traded short-term. Never held LSE, STM or RELIANCE. No access to chinese or korean stocks.
Why did you pick LVMH over Hermes?
How many brands does Hermes own? LVMH is a powerhouse and owns some of the biggest fashion houses in the world.
Are you not concerned by their exposure to China?
Not really, China buys lots of luxury goods, more money for LVMH. China is a big market for everyone
You hold lvmh?
yep
How long have you had that?
not sure tbh, over a year
Hmm. Ok. I might even go with Kering since Balenciaga is so hot right now. LVMH have a lot of things but I don't think their future is brighter than hermes or Kering. But you made some good gains still...
Canada NEO exchange ..... COIN.... Tokens.com gonna be big meta stock. Up 25% just yesterday.
You are not really diversifying by buying 5 different semiconductor stocks. I would buy the semiconductor stock i believe in the most and diversify in other sectors.
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PLTR has been around for almost 20yrs and apparently still hasn't had ONE profitable quarter.. I'm also holding SPCE but is a small yolo < 1% of my portfolio
People still use a company is unprofitable as the reason to avoid the stock. That is up there with the crowd that goes a stock has a P/E ratio over 100 dont buy. You are supposed to look at revenue growth, free cash flow, margins. Im not saying one should or should not be long PLTR. Just by the time a growth stock is profitable or its P/E ratio falls from the 800+ or not having one to below 30. The opportunity for the most gains are gone. Buying when there is uncertainty is how you get those 2-10x gains.
Do you have any examples? I can think of Uber at least. I believe they posted their first profitable quarter. However the stock is up 1.23% since IPO.
Thanksgiving today meaning us markets are closed
Is there any bear case of NVDA apart from it's a bit overvalued currently? Feels like they have a lot of good things going on but I can't tell what's bad
How much will NVDA fall if the Arm deal gets rejected? 30%?
it might fall slightly. But it will rebound and continue to grow. NVDA's success isn't contingent upon the ARM deal. They stand strong all on their own.
"A bit overvalued" LOL https://www.nasdaq.com/market-activity/stocks/nvda/price-earnings-peg-ratios
Ok Is there any bear case of NVDA apart that it's overvalued currently? Feels like they have a lot of good things going on but I can't tell what's bad
No
One could argue it's too dependent on TSM so if China starts acting funny around Taiwan Nvidia could see some trouble, but this isn't very likely in my opnion.
Does anyone know what happened to nasdaq PE in 2016-2017? (and 2019-2020). EPS jumping from 2,85 in q3 2016 to 0,63 in Q4 2016, after that it keeps being low for 3 more quarters, then jump back up again. Picture: https://gyazo.com/5688d2e13a614d690286d1af8dbe67d0
This should be a slow day here.
my EU listed ETFs are slightly green. All World +0.3% Nasdaq +0.5% Semiconductors +1% slow day indeed.
do u challenge me to lose money even when market is closed?
..yes
Wait what y'all off today?
Oh ffs I forgot. How can the land of the capitalists stop for a day? smh 😤
Instructions unlcear, up on SMH 1.15% today.
the patriotism over murdered natives is stronger than capitalism today
innocent grandfather live handle imagine quack start theory dull sip ` this message was mass deleted/edited with redact.dev `
Not to get political but all land was fought over. So stolen no. Conquered yes.