***Official*** 2015 Stock Market Thread

[IHateMyJob2004]

Blind Luck in the case of people. Mostly blind luck and some obscenely complex algorithms in the case of computers.

Ya, just luck. The problem is that if you do this 10 times, one of those 10% drops is going to turn into a 90% drop and wipe out any gains you ever had. And the fun part ..... all those capital gains you made and paid taxes on ..... ya ... you don't get to write off losses the same way since losses are capped.

 

[s0me0nesmind1]

Ya, just luck. The problem is that if you do this 10 times, one of those 10% drops is going to turn into a 90% drop and wipe out any gains you ever had. And the fun part ..... all those capital gains you made and paid taxes on ..... ya ... you don't get to write off losses the same way since losses are capped.

Yes but any losses can be offset with your gains.... If you lost enough to get to the cap after taking into account all your gains as well then.... well... you suck

 

[IHateMyJob2004]

Yes but any losses can be offset with your gains.... If you lost enough to get to the cap after taking into account all your gains as well then.... well... you suck

I don't even know how to respond to this. It just makes me think that you need to read more.

 

[sm625]

I hope you bought to close that position today since it is in a very profitable point with long options positions a profitable position could easily turn into a total loss position.

especially with 9 days left.

lol nope. I said I would accept no less than a 5 bagger. Luckily my 2nd trade, the weekly puts, was indeed a 5 bagger. It actually ended up being a 6 bagger by the time I got around to closing it. The May 15th puts still have a chance of nailing it bigtime. I'm right back at it at QQQ 109, which is a picture perfect entry point if you look at the chart. Same May 15th puts. Next week could be shaping up to be very bloody. As in flash crash bloody. I'm as bearish as can be right now.

 

[brianmanahan]

Next week could be shaping up to be very bloody. As in flash crash bloody. I'm as bearish as can be right now.

good thing my 401k contributions go in next friday :awe:

 

[JTsyo]

Glad I got out of WHZ with only a 50% loss.

 

[Uppsala9496]

I look daily, but don't plan on touching anything in the next 5 years. Market timing is just insane in my opinion. Pick a few ETF's and let it ride.
Those that can time the market, power to ya.

 

[Imp]

My preferreds are inching up again... too bad I don't hold any. They dropped to a 1 year low. If there wasn't a rumored impending Fed rate raise, I'd have gone all in. And now it looks like the bond market is fuxxored on its own without the rate cut. Even more uncertainty. Great.

 

[Artdeco]

BLUE, my first single bagger bought it on a whim.... I think it's gonna pay for my sailboat...

 

[FelixDeCat]

BLUE, my first single bagger bought it on a whim.... I think it's gonna pay for my sailboat...

Nice catch, they are out there if you are willing to find them. CSIQ, ARIE & ADXS all did well for me this year.

 

[Uppsala9496]

lol nope. I said I would accept no less than a 5 bagger. Luckily my 2nd trade, the weekly puts, was indeed a 5 bagger. It actually ended up being a 6 bagger by the time I got around to closing it. The May 15th puts still have a chance of nailing it bigtime. I'm right back at it at QQQ 109, which is a picture perfect entry point if you look at the chart. Same May 15th puts. Next week could be shaping up to be very bloody. As in flash crash bloody. I'm as bearish as can be right now.

No flash crash this week (unless today somehow turns ugly - which it shouldn't given that european bonds have stabilized).
.DJI, .INX, .IXIC are all up for the week. A little ugly Tuesday morning, but everything bounced back nicely. S&P 500 at a record high. Ride the bull.

 

[debian0001]

I have a question for all you investors.

I am on the fence between becoming a landlord or doing investing. I have done investing the past but always end up choking and selling if things go bad... I did it prior to the oil crash and am glad I did. It wasn't much but I basically broke even... how do you guys manage? I have a lot of liquid cash that is in my savings that's doing nothing. Buying a house is a long term thing that kind of freaks me out. Any tips?

 

[Imp]

I have a question for all you investors.

I am on the fence between becoming a landlord or doing investing. I have done investing the past but always end up choking and selling if things go bad... I did it prior to the oil crash and am glad I did. It wasn't much but I basically broke even... how do you guys manage? I have a lot of liquid cash that is in my savings that's doing nothing. Buying a house is a long term thing that kind of freaks me out. Any tips?

I've finally learned to stop buying individual stocks and to try to be balanced. One thing goes down, something else might prop me up -- it worked recently. Dividends also make it so I should keep getting paid even during bad times.

Having said that, I am 95% cash right now trying to time the market... And I'm only doing well right now because of forex (CAD-US differential).

I wanted to become a landlord then realized parking all my money into one asset (i.e. zero diversification) isn't a good idea. Oh, and everything costs at least $600k where I live, even shacks in shitty parts of town -- our housing bubble never burst.

 

[debian0001]

I have been waiting for the market to crash too.. but I think it won't happen. I think the new trend is bubbles within the market... so last was oil / gas... next ???

Housing wise, Chicago is cheaper in areas.

 

[Imp]

If/when the Federal Reserve raises rates, something should happen. I'm not sure what, but I'm still going to wait.

 

[dr150]

I have a question for all you investors.

I am on the fence between becoming a landlord or doing investing. I have done investing the past but always end up choking and selling if things go bad... I did it prior to the oil crash and am glad I did. It wasn't much but I basically broke even... how do you guys manage? I have a lot of liquid cash that is in my savings that's doing nothing. Buying a house is a long term thing that kind of freaks me out. Any tips?

Being a landlord is a pain in the ass! If you have the stomach for dealing with late payments, tenants calling you when something broken at 11PM, evictions, tenant turnover, you might rethink this scheme. Plus interest rates will rise and the bubble should be evident.

Liquid cash earning nothing is a dilemma everyone deals with, leaking value thru inflation. Europe has started QE, so the best way to earn well in the near future may be in large European companies (like the Wall Streeters favorite ETF HEDJ)

I personally invest heavily in Biotech and CyberSecurity companies as these are huge growth industries ripe for consolidation as interest rates rise later this year. Companies with cash to burn will be looking to do deals before bank money gets more expensive.

I

Having said that, I am 95% cash right now trying to time the market... And I'm only doing well right now because of forex (CAD-US differential).

You should know better.

 

[brianmanahan]

I have a question for all you investors.

I am on the fence between becoming a landlord or doing investing. I have done investing the past but always end up choking and selling if things go bad... I did it prior to the oil crash and am glad I did. It wasn't much but I basically broke even... how do you guys manage? I have a lot of liquid cash that is in my savings that's doing nothing. Buying a house is a long term thing that kind of freaks me out. Any tips?

some people can turn a great profit on rental properties, but i learned from my grandpa's experience that it can also be a buttload of work. when somebody paints the entire inside of your house black (including the windows) and doesn't have any money to pay for the damages so you have to... ugh.

all i do is invest in index funds. no timing, no guessing, no trying to follow the news. just %50 US, %25 international, %25 bonds. money goes into my 401k and IRA and taxable accounts, and i rebalance it once a year.

if you are looking to invest just a little bit of money and have several decades to go, there's no point in not investing it all now. but if you have a sizable amount of money, you could do something like put %50 in now, and then %5 every month for the next year.

i read http://www.bogleheads.org a lot as well as http://www.reddit.com/r/personalfinance, they are both pretty good sites for reading about financial stuff and asking financial questions

 

[JEDI]

http://www.reddit.com/r/personalfinance[/url], they are both pretty good sites for reading about financial stuff and asking financial questions

how well is reddit moderated?
is it a wild wild west like the chan sites?

 

[brianmanahan]

how well is reddit moderated?
is it a wild wild west like the chan sites?

depends on the subreddit

/r/investing, /r/personalfinance and /r/financialindependence are all pretty good

whereas /r/pfjerk just makes fun of people in /r/personalfinance :awe:

 

[sm625]

Long FAZ May 2015 11.500 call (FAZ150529C00011500) @ 7 cents

 

[KB]

Over last week and this one I have pulled out about 40% into cash. I am still bullish on the US and still think many stocks will yield better than a savings accout, but I am worried Greek concerns and rate hike worries may pull the market down. It doesn't help we are also going into the June swoon period.

 

[s0me0nesmind1]

I don't even know how to respond to this. It just makes me think that you need to read more.

I think you need to read more?

What are you not understanding? What am I failing to understand?

Can I deduct my capital losses?
Yes, but there are limits. Losses on your investments are first used to offset capital gains of the same type. So short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain. So, for example, if you have $2,000 of short-term loss and only $1,000 of short-term gain, the net $1,000 short-term loss can be deducted against your net long-term gain (assuming you have one). If you have an overall net capital loss for the year, you can deduct up to $3,000 of that loss against other kinds of income, including your salary and interest income, for example. Any excess net capital loss can be carried over to subsequent years to be deducted against capital gains and against up to $3,000 of other kinds of income. If you use married filing separate filing status, however, the annual net capital loss deduction limit is only $1,500.

https://turbotax.intuit.com/tax-too...-Taxes/Capital-Gains-and-Losses/INF12052.html

 

[FelixDeCat]

ADXS new 52 week high, even after huge dilution announcement back on May 1, $25 a share now.

AERI investor conference next week....$11 currently, might retake $18 by year end.

CSIQ fell from $40 to $33, might fall further on possible problems in China

 

[Imp]

US GDP went negative for the first quarter. Not a shit appears to have been given -- all other indicators were apparently good.

Same in Canada, a shit was given because all the other indicators were apparently terrible.

 

[jpiniero]

US GDP went negative for the first quarter. Not a shit appears to have been given -- all other indicators were apparently good.

Negative GDP is good for the market, it means the fed might not raise rates.