afm199
Well-known member
Congrats again. The only option trades I do are selling calls, and it works out nicely, except for one time when I left $5k on the table when the underlying took off like a rocket.
2021 Investment Thread
- Thread starter scootergmc
- Start date
Congrats again. The only option trades I do are selling calls, and it works out nicely, except for one time when I left $5k on the table when the underlying took off like a rocket.
two wheel tramp
exploring!
Roth with State Farm:
LIPPX
AGTHX
Brokerage:
AAPL
AXP
CAKE
CRM
FRC
LAD
WORK
Fidelity GO:
FDFIX
FLXSX
FLAPX
FITFX
FUENX
FUEMX
FLGXX
My 401K is a Vanguard fund, it's newly started since my employer just began offering it. Not sure which fund exactly.
LIPPX
AGTHX
Brokerage:
AAPL
AXP
CAKE
CRM
FRC
LAD
WORK
Fidelity GO:
FDFIX
FLXSX
FLAPX
FITFX
FUENX
FUEMX
FLGXX
My 401K is a Vanguard fund, it's newly started since my employer just began offering it. Not sure which fund exactly.
NorCalAthlete
O_o
Thanks, I've pretty much just been buying calls / a few puts.
For selling calls - if I'm not mistaken, you need to have at least 100 shares per contract you're selling, correct? So if I owned 100 shares of Palantir and its current price is $25 / share, and a weekly call expiring 1-22-21 with a strike price of $30 is $0.24, that means I could make $24 by selling 1 call as long as the stock stays under $30 by 1-22-21. Right?
afm199
Well-known member
Yes. Less fees.
Equities like SPY, TSLA, VOO tend to have huge premiums and thus chances for a nice chunk of income, or getting locked out of a nice price increase.
cfives
Well-known member
I need more single letter stocks to spell out words that I like to use in scrabble, or look at 3-4 letter word stocks. Another BARFer mentioned the "~back door mega Roth 401k conversion" possibility in the 2020 thread (he had Vanguard I believe), and it looks to me like you might benefit from it, if it is possible through your employer 401k.
I'm no expert, and first assumed that it would only benefit very highly paid workers who made too much to contribute to Roth IRA's, but now think that anyone with a normal brokerage account/savings, and a job with a 401k that allows it, could benefit from it. My company recently started a 401k with Vanguard, but it does not allow post tax contributions, or in-service withdrawals before 59.5 y.o., but something to look into if you have savings to live off of, and the ability to massively exceed your normal yearly IRA contribution limit.
Last edited:
NorCalAthlete
O_o
FYI - Reminder, PLTR demo day is next week. I'm buying more as soon as the markets open along with some calls.
NorCalAthlete
O_o
Bought in at IPO at ~$10, bought more at $15, more at $22, next batch this week at whatever it's at. I'm not going all-in, but definitely going heavy into it.
afm199
Well-known member
A few ponderings on the coming weeks.
I'm cautiously tip toeing into 2021, still dubious about the huge wash of capital into the equity and bond market, still dubious about the huge influx that will come with the new administration. Yet if those big checks hit America, a good part of it will go right into the equity markets, the bond markets, not so much.
What I am watching like a hawk is interest rates, short term and long. We're in for some volatile times, I suspect. Anyone holding leveraged CEF's (such as PTY, PCN, PFN, etc.) needs to be aware that the leverage is purchased with very short term overnight funds, and that's what causes sudden movement in price, downward. A brief interruption in credit hits these guys hard. And it happens. So I'm a bit nervous in that area. Certainly not buying CEF's at this time.
And my biggest position is till cash.
I'm cautiously tip toeing into 2021, still dubious about the huge wash of capital into the equity and bond market, still dubious about the huge influx that will come with the new administration. Yet if those big checks hit America, a good part of it will go right into the equity markets, the bond markets, not so much.
What I am watching like a hawk is interest rates, short term and long. We're in for some volatile times, I suspect. Anyone holding leveraged CEF's (such as PTY, PCN, PFN, etc.) needs to be aware that the leverage is purchased with very short term overnight funds, and that's what causes sudden movement in price, downward. A brief interruption in credit hits these guys hard. And it happens. So I'm a bit nervous in that area. Certainly not buying CEF's at this time.
And my biggest position is till cash.
Dubbington
Slamdunk Champion
Pot stocks coming back around. I'm above, even, and close to even on several now. In the whole on a couple canadian producers.
U.S. MSOs are where it's at. MSO = multi state operators. Once US goes federally legal Canada will go up. MSOS is an etf I'm getting tomorrow.
Planet 13, big ass dispensary in Vegas, is killing despite covid. October they did $7.8m in revenue with Vegas at 50% capacity.
Aphria doing well and are getting into US market.
Plenty others but whats nice about MSOS etf is it's combined of only US cannabis stocks.
Really hoping a few of my others will be great in a few years. Still kicking myself for not getting into PENN and TGT.
U.S. MSOs are where it's at. MSO = multi state operators. Once US goes federally legal Canada will go up. MSOS is an etf I'm getting tomorrow.
Planet 13, big ass dispensary in Vegas, is killing despite covid. October they did $7.8m in revenue with Vegas at 50% capacity.
Aphria doing well and are getting into US market.
Plenty others but whats nice about MSOS etf is it's combined of only US cannabis stocks.
Really hoping a few of my others will be great in a few years. Still kicking myself for not getting into PENN and TGT.
afm199
Well-known member
Those of us who bought stodgy equities like VOO are in eye popping territory.
You ever think about not buying super risky flyers?
Dubbington
Slamdunk Champion
I bought apple and have a Roth in a 2045 fund that's doing well. Also have my Calstrs doing whatever it's doing.
My time to research is minimal and for my own fault I gravitate toward emerging markets. Not the best strategy.
scootergmc
old and slow
According to the governor's budget, the Calstrs/pers has $167b in unfunded liability, and we've been in high times since the recession. If that doesn't scare pension dependents I don't know what will. CA needs another round of pension reform and a complete transition to a 401(k) type system to include transitional buyouts and offers for present employees. But that's another thread.
You're wise to do a Roth but I'd get far more aggressive with elections. If you're only going to do a targeted fund, I'd find the latest (I think Vanguard's latest is 2065 right now) I can find and max it out.
W800
Noob
OK - does anyone have thoughts on using existing money in broker account to do DCA?
I was thinking about putting X dollars into a very conservative fund, then automatically transferring money from that fund to buy something like VOO (maybe more aggressive - (FSPTX)) on a monthly basis.
It's not the same as me putting money from my paycheck into an investment (I already do that). But similar concept.
I do this with Crypto, and it seems to help me build discipline and not try and time the markets.
I was thinking about putting X dollars into a very conservative fund, then automatically transferring money from that fund to buy something like VOO (maybe more aggressive - (FSPTX)) on a monthly basis.
It's not the same as me putting money from my paycheck into an investment (I already do that). But similar concept.
I do this with Crypto, and it seems to help me build discipline and not try and time the markets.
NorCalAthlete
O_o
Considering doing that but haven't yet.
Killroy1999
Well-known member
For anyone that wants to track their finances, I recent Mint.com. I took a look at my net worth trend and I am :teeth.
NorCalAthlete
O_o
I've got it in a google sheet at the moment. I'll be :teeth once I hit 7 figures :nchantr