Boiler Room: The Official Stock Market Discussion

[winb83]

Since I decided to get a house I'm using both IVV and VOO as a savings account for my down payment. I started using VOO cause it was cheaper per share but IVV is totally commission free on Fidelity so I'm switching to that and will just keep the VOO shares I already bought.

I probably won't be buying many other stocks outside of IVV now for the foreseeable future. Kinda sucks but I need to get this done.
I'll also be keeping my cash on hand already in my primary emergency fund and my smaller emergency fund out of the market incase it takes a dive. If I have to I'll use the emergency funds for my down payment and hold on to the stocks till the market recovers to replenish them.

 

[ahomeplateslugger]

Since I decided to get a house I'm using both IVV and VOO as a savings account for my down payment. I started using VOO cause it was cheaper per share but IVV is totally commission free on Fidelity so I'm switching to that and will just keep the VOO shares I already bought.

I probably won't be buying many other stocks outside of IVV now for the foreseeable future. Kinda sucks but I need to get this done.
I'll also be keeping my cash on hand already in my primary emergency fund and my smaller emergency fund out of the market incase it takes a dive. If I have to I'll use the emergency funds for my down payment and hold on to the stocks till the market recovers to replenish them.

if you're saving for a house then wouldn't it be better to just put it in a high interest savings account? you're gonna pay capital gains tax on money you make and will pay more taxes if you withdraw it in less than 1 year. really risky playing with house money in the stock market.

 

[phcitywarrior]

Still worth getting?

Might be. I've been following this company since I was in Nigeria. Their revenue is growing but I still don't think they've turned a profit yet. This might be a short hold for the time being.

They really are a European company with African operations

 

[winb83]

if you're saving for a house then wouldn't it be better to just put it in a high interest savings account? you're gonna pay capital gains tax on money you make and will pay more taxes if you withdraw it in less than 1 year. really risky playing with house money in the stock market.

High yield savings accounts are like 2.5% interest. Even if you paid capital gains tax you could do better than that with the average return the market brings.

$20,000
at 2.5% interest is $500
at 7% normal market return is $1400 after 24% tax $1064
at 13.55% IVV's actual return rate of 2019 is $2710 $2059.60

The issue would be that the market could crash. The answer is if it crashed hold and wait till it recovers. The market has recovered from the housing crash of 07-08 and is higher now than it was before then. You only realize losses if you sell.

In the event of a crash I'll clear out my emergency fund for the down payment and use that market money as a new one. Basically hold the stocks and whatever money they're worth and if a real emergency comes up I can't handle liquidate enough stock to pay for it and lock in those losses only but hold the majority of the stock and let the market recover.

 

[Domingo Halliburton]

Lol at ZOOM yesterday. People looking for the Zoom ipo (ZM) bought the wrong ticker and bought a bunch of stock from a dead company with no operations.

 

[Domingo Halliburton]

Shelley Capito (US Senator) has seemingly sold her entire portfolio and the only thing she bought was a little coke (KO)

eFD: Home


Edit: just to be clear there could be a million reasons why she/her spouse did this and probably is NOT some indication that the market is going to drop soon. Plus these arent huge amounts either.

 

[ahomeplateslugger]

High yield savings accounts are like 2.5% interest. Even if you paid capital gains tax you could do better than that with the average return the market brings.

$20,000
at 2.5% interest is $500
at 7% normal market return is $1400 after 24% tax $1064
at 13.55% IVV's actual return rate of 2019 is $2710 $2059.60

The issue would be that the market could crash. The answer is if it crashed hold and wait till it recovers. The market has recovered from the housing crash of 07-08 and is higher now than it was before then. You only realize losses if you sell.

In the event of a crash I'll clear out my emergency fund for the down payment and use that market money as a new one. Basically hold the stocks and whatever money they're worth and if a real emergency comes up I can't handle liquidate enough stock to pay for it and lock in those losses only but hold the majority of the stock and let the market recover.

if you're willing to dip into your emergency savings then not a bad idea. not sure your timeline but if the market crash and housing goes down it'll be a good time to buy then. everything is at an all time high.

 

[Domingo Halliburton]

I've never heard of RVP but the CEO is buying a ton of their stock up.

 

[ExodusNirvana]

Is anyone sold on Uber? I can't get in on the IPO obviously but I'm thinking of copping a few racks worth like a day or two after when it inevitably drops and then holding on for dear life

Worth the risk? I don't want to miss an easy lick

 

[the cac mamba]

Is anyone sold on Uber? I can't get in on the IPO obviously but I'm thinking of copping a few racks worth like a day or two after when it inevitably drops and then holding on for dear life

Worth the risk? I don't want to miss an easy lick

:jayhub:

 

[ExodusNirvana]

:jayhub:

I will kick myself if this shyt skyrockets in the next few years

It's fukking Uber...everyone uses Uber

It's in every major city in damn near every country

FFFFFFFFFFFFFFFFFfukk

 

[88m3]

Hedge Funds Aggressively Shorting VIX Shouldn't Ring Alarm Bells


Bloomberg - Are you a robot?

 

[winb83]

This week I have Verizon, Coca Cola, Facebook, AT&T, Microsoft, Tesla, Comcast, Ford, and Amazon all reporting earnings. 9 of the now 15 companies I hold.

 

[Domingo Halliburton]

Is anyone sold on Uber? I can't get in on the IPO obviously but I'm thinking of copping a few racks worth like a day or two after when it inevitably drops and then holding on for dear life

Worth the risk? I don't want to miss an easy lick

After that lyft ipo i wouldn't touch it.

Uber Eats intrigues me though.

At the end of the day, you're going to have to have a risk appetite for a company that's going to be losing big amounts of money for the next few years.

Honestly, I'm not sure either lyft or uber will be profitable until self-driving cars become a thing and they can cut the majority of their drivers out of the equation..

 

[ExodusNirvana]

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