I was leaning towards VDIGX. I'm now thinking maybe it's not a good route to begin with.
What scenario would putting money into VDIGX be a good idea?
What scenario would putting money into VDIGX be a good idea?
I agree...I'm getting beat down pretty hard on my accounts the past few months.What a horrible day. Sold whatever I had left and now only daytrade. You cannot trust this market.
Bitcoin mining stocks have been in total freefall mode lately. Noticing the downtrend, I daytraded some put contracts on RIOT.
It would be nice if they stabilized. I want to buy this dip. I just dont know where the floor is.
GME surging 18%. All is well.
That's what they teach you in college but in real life, it rarely works like that. The stock value should go down by the dividend amount but what normally happens is the stock drops slightly if at all and quickly recovers. Or not. Dividend payment is just noise.
Rocket Companies (RKT) paid out their special dividend yesterday. It was very large one time special dividend. What you described did not happen.
Again, Costco has paid out special one time large dividend couple times the past 5 years. What you described did not happen. Apple has paid out special dividend. What you described did not happen.
Theory is not real life.
But I agree with you taxes on dividend makes it undesirable. It's the same thing with selling options. It's taxed as short term gain which can mean very large tax depending on your tax bracket.
I was tempted to trade that as well, but went back and forth shorting and buying 200 shares of QQQ.
I missed the $39 bottom on RIOT, but did buy and sell shares on that one too. Too bad I did not have the guts to ride it back up to $49 today. A $10 move is so damn sweet.
(Considering it fell from $65 just a few days ago along with all the crypto stocks, a bounce was overdue.) And bitcoin is not even up today!
Does anyone remember when EV stocks used to go up? Now it seems they only go down.
And if you want to see where some of them are going, look at the 52 week low prices:
View attachment 42119
Yes, I know, "...but Cathy said..."
Does anyone remember when EV stocks used to go up? Now it seems they only go down.
And if you want to see where some of them are going, look at the 52 week low prices:
View attachment 42119
Yes, I know, "...but Cathy said..."
I learned long ago Felix has no clue what he's doing. So I just smile when I read his post.Your analysis is interesting if you're the type that puts value in what was important in 1990, when the actual year is 2035.
I learned long ago Felix has no clue what he's doing. So I just smile when I read his post.
I heard about a hedge fund blowing up last week and this morning I finally had the time to read about it. Very interesting story about Bill Hwang and his Archegos fund. It's crazy how under the radar he was. It's first time I heard about the guy. Crazy South Korean with watermelon balls. Can't believe he grew his money to $15 billion under the radar like that and then blew it up. Pretty amazing. I would love to have a drink with the guy and talk with him.
Your analysis is interesting if you're the type that puts value in what was important in 1990, when the actual year is 2035.
Blockchain stocks have mostly replenished my EV losses, but EV prices are very tempting right now.
Of course this is all moot when it's blatantly obvious everyone should bet the farm on GME.
well to be fair, he really does seem to focus on what matters in any given week. So, he seems laser-tuned to grabbing those ~2-3% day profits. I mean, that's a way to do things and of course if you are making a handful or more bets like that every day, in aggregate, it's fine.
But of course that limits you from understanding what actually matter in the long run--you know, actual human progress, achievement, making the world better for everyone and not just your narrow short-term thinking. It does represent a fundamental problem that permeates so many aspects of our culture: backwards social thinking, corporations that don't care about the future and only quarterly earnings for their shareholders (re: don't give a dick about their customers), and general unwillingness to challenge the status quo and make actual hard decisions against "what's comfortable in life," especially when you already know that the current path is a stupid, doomed one.
But, if your goal is to simply make short term bets on what currently exists, purely for profit all while accepting the expected consequences of social stagnation and perpetual human misery, then it makes a lot of sense. ....that's pretty much why the entire financial sector was created c. 1975, anyway.
Short term trading is fine if you can consistently make money. But based on how long he’s been trading, you would think he would be lot better off if he was good. I bet you he underperformed vs S&P 500 the past 20 years. Guaranteed. He would be so much better off if he focused on the big picture but he thinks he’s good trader. Some people never learn.well to be fair, he really does seem to focus on what matters in any given week. So, he seems laser-tuned to grabbing those ~2-3% day profits. I mean, that's a way to do things and of course if you are making a handful or more bets like that every day, in aggregate, it's fine.
But of course that limits you from understanding what actually matter in the long run--you know, actual human progress, achievement, making the world better for everyone and not just your narrow short-term thinking. It does represent a fundamental problem that permeates so many aspects of our culture: backwards social thinking, corporations that don't care about the future and only quarterly earnings for their shareholders (re: don't give a dick about their customers), and general unwillingness to challenge the status quo and make actual hard decisions against "what's comfortable in life," especially when you already know that the current path is a stupid, doomed one.
But, if your goal is to simply make short term bets on what currently exists, purely for profit all while accepting the expected consequences of social stagnation and perpetual human misery, then it makes a lot of sense. ....that's pretty much why the entire financial sector was created c. 1975, anyway.
The prime brokers sold him out because he couldn’t meet the margin call. I would post link to the stories because I think it’s interesting but I’m out on a date with my wife in Austin atm so I’m away from my laptop and it’s pity to link stuff on the iPhone.that's the one that did all of those block trades on Friday and basically freaked everyone out?
You have a link to a good article? I had to read a few to get somewhat of an idea, but they weren't very detailed.I heard about a hedge fund blowing up last week and this morning I finally had the time to read about it. Very interesting story about Bill Hwang and his Archegos fund. It's crazy how under the radar he was. It's first time I heard about the guy. Crazy South Korean with watermelon balls. Can't believe he grew his money to $15 billion under the radar like that and then blew it up. Pretty amazing. I would love to have a drink with the guy and talk with him.
Mapped it out once and if you trade 200 days a year and make 1% every single day, you get: (1.01)^200 equals roughly 7x your initial principle, so 3.5x after short term taxes (assuming 50% max).
After only a couple years exponential growth reay works in your favor.