Stock market

mrussel1

tempo_n_groove said:

XLE info
https://www.etf.com/XLE#overview

Looks like a good deal.  The question is how long will oil companies have this excess inventory?

tempo_n_groove

mrussel1 said:

tempo_n_groove said:

XLE info
https://www.etf.com/XLE#overview

Looks like a good deal.  The question is how long will oil companies have this excess inventory?

At least until the 15th of May when they might start opening things up.  I am going to buy at $25 though so I am watching.

bbiggs

I'm curious what some of your thoughts are on a self-directed brokerage account vs. managed money.  I have a FA that manages my portfolio for 1%.  I'm pretty vanilla in my approach, so I'm considering the cost benefits of using a cheaper trading platform to self-manage.  Long term plays in low cost index funds would be my general approach.  I just don't know which one comes out ahead in the long run.  The occasional re-balancing is where I would likely under-perform.  Any thoughts out there?

mrussel1

bbiggs said:

I'm curious what some of your thoughts are on a self-directed brokerage account vs. managed money.  I have a FA that manages my portfolio for 1%.  I'm pretty vanilla in my approach, so I'm considering the cost benefits of using a cheaper trading platform to self-manage.  Long term plays in low cost index funds would be my general approach.  I just don't know which one comes out ahead in the long run.  The occasional re-balancing is where I would likely under-perform.  Any thoughts out there?

I have an FA too and I don't think he does shit for me.  Nothing moves unless I tell him to move it.  He is really good about trying to sell me insurance though, so I'll give him that.  If I ever get around to it, I'll probably end up self managing too since it's basically what it is today. 

nicknyr15

mrussel1 said:

bbiggs said:

I'm curious what some of your thoughts are on a self-directed brokerage account vs. managed money.  I have a FA that manages my portfolio for 1%.  I'm pretty vanilla in my approach, so I'm considering the cost benefits of using a cheaper trading platform to self-manage.  Long term plays in low cost index funds would be my general approach.  I just don't know which one comes out ahead in the long run.  The occasional re-balancing is where I would likely under-perform.  Any thoughts out there?

I have an FA too and I don't think he does shit for me.  Nothing moves unless I tell him to move it.  He is really good about trying to sell me insurance though, so I'll give him that.  If I ever get around to it, I'll probably end up self managing too since it's basically what it is today. 

Insurance is what pays them the highest. It’s amazing how many times my FA tried back in the day. Got so frustrated that I educated myself and got into trading. Best thing I ever did. So In a  way, I’m thankful he wouldn’t stop trying to sell me insurance! Ha 

bbiggs

^ Good points, guys.  No full court press on selling me insurance yet, but I had that in place before I started working with him, so maybe that's why.  In any case, I just know I do a poor job of re-balancing my 401K often enough, and maybe effectively enough.  So I'm looking at that as to how I would perform in managing a separate brokerage account.  Over the course of many years, I tend to feel he may outperform what I would do by using a "set it and forget it" approach (even with his 1% fee), because he does actively re-balance and use investment options that I would otherwise overlook.  And frankly, he is much more knowledgeable, as he should be.  Anyway, I know it's the million dollar question.  Self-managed is tempting.

tempo_n_groove

Approaching the 15th and XLE is at $35.  That is a No Buy from me.

How the hell is the DOW still at 23K?  Are people getting paid and just keep buying shit?

A country/world that has shut it's doors is still able to function?  I get the deck is stacked but it's almost like it's hanging on and waiting to plummet.

Looking to move my 401K to a safe zone.  Money markets?

Lerxst1992

The Dow is at 23k because the govt is propping up the economy. Even with an estimated 20% unemployment the true job losses could be much higher. The airline industry is a big example. As soon as the govt money runs out Sept 30, they could be facing massive layoffs. Not sure when customers will next be filling airplanes. Are bond funds safe?

bbiggs

I read something on CNN Money yesterday that said stock prices are the most expensive they've been in 20 years, using P/E ratio as the measuring stick.  Makes sense.  Prices still high while earnings are suffering.  As a layman, that tells me enough.

Zod

bbiggs said:

I read something on CNN Money yesterday that said stock prices are the most expensive they've been in 20 years, using P/E ratio as the measuring stick.  Makes sense.  Prices still high while earnings are suffering.  As a layman, that tells me enough.

Markets also tend to look forwards.  Earnings are currently in the crapper, but how long are they expected to stay that way?  Can you really do a proper P/E ratio, if Earnings might suck for a few quarters, then rebound.. you'd be undervaluing the stock?

Of course this could be stock specific.  If you don't think the company is going to rebound, then you wouldn't want to buy a high pe ratio stock.

mrussel1

Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling?  While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart.  Gamestop is a walking zombie as a brick and mortar store.  

nicknyr15

mrussel1 said:

Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling?  While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart.  Gamestop is a walking zombie as a brick and mortar store.  

This happens a lot more than makes the news. Only it’s usually the other way around. It’s news now because “the small guy (Reddit posters)”are doing the pumping and the big boys are losing. 

mrussel1

nicknyr15 said:

mrussel1 said:

Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling?  While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart.  Gamestop is a walking zombie as a brick and mortar store.  

This happens a lot more than makes the news. Only it’s usually the other way around. It’s news now because “the small guy (Reddit posters)”are doing the pumping and the big boys are losing. 

yes there are good reasons why short selling should be illegal.  You could argue that it's a self fulfilling prophesy.  The spike by Gamestop in particular is really eye opening.  At some point, the bottom will fall out and it will be right where it started, or worse. Their fundamentals have not changed. 

jerparker20

mrussel1 said:

Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling?  While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart.  Gamestop is a walking zombie as a brick and mortar store.  

I’ve been following this both on the tickers and the Reddit thread. Completely bonkers! Hell Elon Musk gave a thumbs up to this yesterday...

I got into the action on a few of these stocks, though limited, for shits and giggles in the past day. If I make a buck or two over the next 24-48 hours, good for me. If I lose a few, no big deal. 

I agree though there are some folks that are going to get smoked badly on this though.

jimjam1982

Pretty exciting stuff going forward. Find the shorts, preemptively buy in, wait for the people to band together on wall street bets and be quick to sell out. Good for the day traders and retail guys.  Hope no one is sitting on these more than a few days.

mrussel1

jimjam1982 said:

Pretty exciting stuff going forward. Find the shorts, preemptively buy in, wait for the people to band together on wall street bets and be quick to sell out. Good for the day traders and retail guys.  Hope no one is sitting on these more than a few days.

Yeah I don't think this is going to work out for these "populist" investors.  The vast, vast majority are going to take a bath.  Retail investors acting like they're playing roulette is going to go badly. 

gimmesometruth27

i recently went down the rabbit hole of stonks memes. i love those things.

mrussel1

Haha, evidently they are pushing Blackberry up too.  Too bad Blockbuster isn't in the mix.

tempo_n_groove

mrussel1 said:

Haha, evidently they are pushing Blackberry up too.  Too bad Blockbuster isn't in the mix.

I wish they would invest in something to keep going up that shouldn't fail...

tbergs

I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.