Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- In a few sentences share your favorite NON-Tech stock and the reason why.
- Forgoing instant gratification for long term rewards!
- Per Bloomberg: Vaccine Makers Plan Public Stance to Counter Pressure on FDA
- Unique and Novel Investing options
- Opinions about gold / precious metals?
- What's a good universal strategy for investing?
- REITs & Corporate Tax Hikes
- Trying to get into stocks for the first time... is The Intelligent Investor a must read? Are there better starter books?
- Is there truly a risk tolerance when you invest in major ETFS over the long run?
- What happens?
- Dummy question on Capital Gains tax
- Are there any stocks/funds/bonds that pay half of the profits as a dividend and reinvest half of the profits to growth?
- Cutting losses in an IRA
- Stock information from Youtube
- FDA flags Mylan ingredients plant in ongoing fallout from global blood pressure med recalls
- Has anyone pin pointed exactly what caused the incredibly sharp tech sell off on Thursday?
- Is buying Berkshire B = or better than using a hedge fund/fa
- Proxy metric for up-to-date S&P500 earnings?
- American Equity Investment Life Holding Co (AEL): Why I like the stock
- Is it possible to get a monthly return of 5% on an investment?
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 05 Sep 2020 05:10 AM PDT If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| In a few sentences share your favorite NON-Tech stock and the reason why. Posted: 05 Sep 2020 10:11 AM PDT Doing this to see if it can lead to some interesting discussions, DDs, etc. My idea to keep it simple initially is to encourage others to do their own research. I am excluding tech stocks because I think they have been discussed too much lately :) I will start: DIS. I know, not that sexy. However it is and it will most likely continue to be a powerhouse considering it controls an entire sector. It shares the same kind of cult following of tech companies (i.e. Apple), therefore I believe Disney+ and the return of its normal activities will propel it to recover and grow during the next couple of years. [link] [comments]  |
| Forgoing instant gratification for long term rewards! Posted: 05 Sep 2020 08:58 PM PDT Hi all! I hope this type of post is allowed here. Wanted to share a quick story about forgoing short term gratification. Back in 2011, I saved 5K from my summer internship, as well as 1K from my side hustle tutoring. There was another intern working in the same summer internship who also saved up 5K. At the end of the summer I opened my first brokerage account, and I recommended that he does the same. But he didn't listen and spent his entire 5K on a top notch gaming PC. I invested 1K each into TM, LLY, NVDA, BA, S (now T-Mobile), and BTU (went Chapter 11 in 2017). I never sold any of the companies and here's how much my initial 6K become as of today 9/5/2020:
So my 6K grew to over 53K, while his gaming PC from 2011 is now almost worthless. It really pays to invest for the long term! EDIT: I agree that everyone's goals in life are different, and it's ok to buy a gaming computer if it's the right decision for you. The example is just to illustrate what investing can do over a longer time horizon, which is hard to think about in our instant gratification society. [link] [comments]  |
| Per Bloomberg: Vaccine Makers Plan Public Stance to Counter Pressure on FDA Posted: 06 Sep 2020 01:17 AM PDT
[link] [comments]  |
| Unique and Novel Investing options Posted: 05 Sep 2020 08:04 AM PDT A majority of the posts regarding investments are focused on Stock and other equities, or a variety of real estate options. But does anyone have any unique or novel investment opportunities? One example I recently heard is a friend's uncle has owned a tree farm for about 20 years. He cycles through growing and harvesting the pines for paper and lumber for a decent return, while only having to walk the property from time to time to check for disease or bug infestations. And an added benefit is he can use the property for camping or hiking or light hunting at his own leisure. So what else are people doing? Stamps, coins, fruit plantations, crop sharing...! [link] [comments]  |
| Opinions about gold / precious metals? Posted: 05 Sep 2020 05:26 PM PDT Is it reasonable to assume that gold, silver and other precious metals will go up in value in the near future due to the fed printing so much new money? I'm relatively new to investing, and I was wondering what people's opinions are about the current bull market with precious metals. Will it go on for much longer, or have the people who wanted to buy them already bought them? [link] [comments]  |
| What's a good universal strategy for investing? Posted: 05 Sep 2020 04:43 PM PDT Let me start off by saying I have done endless hours of research on this subject before even diving into investing and I understand your answers will be subjective and that's fine. Just throwing this post out there mainly just to sort of validate my investing plans since I don't really have any real life mentors to bounce ideas off of. I don't have any financial advisor it's just me and QuestTrade. So right now I only have about 7 grand in the stock market but I'm curious if you think it's better to hold onto 4 or 5 strong shares you stand behind that doesn't completely cover the broad market and just feed those until I start to see bigger capital and THEN eventually branch out to more sectors or should I flat out diversify immediately and grow everything equally? Right now I have some Financials,Tech,Reit, and 2 ETF's that cover Canada and USA. I know the goal is to make sure you're protected with diversity but as a new 27 year old investor with risk tolerance who only earns so much money to contribute I'm not sure if I need to be focusing on growth or my safety net. Let's be real.. most people's goal is to ultimately get to financial freedom faster then longer. I just want to make sure that I'm doing this in a way that will benefit me and not slow me down. Thanks for anyone who takes the time to read this and reply. I appreciate it. [link] [comments]  |
| Posted: 05 Sep 2020 09:01 PM PDT Anyone else feel diversified REITs will do better next year due to political sentiment on corporate tax hikes? They avoid corporate taxes by essentially letting shareholders pay taxes for them. If corporate taxes are hiked again, I can see REITs and even BDCs recovering and doing better than ever before, at least in terms of share price. Obviously most REITs still haven't recovered from early 2020 to previous highs (a good thing for buyers right now) but this predictable development could be a catalyst for this nifty vehicle, especially if corporate taxes are hiked in a low interest environment, which are conditions REITs thrive in. Who else feels these vehicles are under-appreciated in a portfolio? [link] [comments]  |
| Posted: 05 Sep 2020 08:24 PM PDT Hi everyone, I'm just getting into stocks. I want a good starter book to read and I've seen that The Intelligent Investor is the top rated on Amazon. Do you guys recommend reading it as a good starter book? What material should I consume as a first time stock trader in order to gain a basic and solid understanding of what to do? [link] [comments]  |
| Is there truly a risk tolerance when you invest in major ETFS over the long run? Posted: 05 Sep 2020 01:49 PM PDT I am filling out my own "risk tolerance" for a fiduciary service and essentially it boils down to what combination portfolio you want divided between etfs/mututalfunds/other stocks and bonds. The higher the risk, the more they go to ETFS. My question is a dump and leave it in the sp500 truly a "risk decision"? I understand your portfolio can go up and down, but isnt the general expectation for the past 90 years that etfs like vtsax and sp500 will play out in financial returns. My understanding at this point is either the sp500 averages out to be some sort of positive return over a 15-25 year horizon or most of america is screwed? [link] [comments]  |
| Posted: 06 Sep 2020 03:26 AM PDT Suppose you are invested in a company and whose outlook in the next decade looks fine and stable. [link] [comments]  |
| Dummy question on Capital Gains tax Posted: 05 Sep 2020 07:00 PM PDT Hi, Apologies in advance for the newbie question: I bought $12k worth of FIPFX (a Mutual Fund) a few months ago, and it's currently worth $13k. (i) If I now want to sell all of that and buy QQQ (an ETF) with the proceeds, will I have to pay short term capital gains tax (on that $1k gain)? and (ii) if the answer is yes, will my brokerage (Fidelity) simply mail me a form at the end of the year in time for my tax filing, or do I have to independently calculate and report that? Thanks in advance [link] [comments]  |
| Posted: 05 Sep 2020 08:40 PM PDT Are there any stocks/funds/bonds that pay half of the profits as a dividend and reinvest half of the profits to growth? I know the difference between the two, I just don't see how it would be impossible for a company to make it so that they do both, 50% of the profits going as dividends and 50% going as growth I might be wrong and completely lacking investing sense. I'm still new to the market and learning my options Excuse my typos, it's been a rough week and my brain is almost gone [link] [comments]  |
| Posted: 05 Sep 2020 07:10 PM PDT I'm pretty new to investing and wanted to know if you all had any advice for cutting losses in an IRA. I invested in SHOP and VGT, which the holdings account for roughly 20% of my portfolio, and am down about 14% in SHOP and 7% in VGT. Is there a certain loss limit you normally abide by in an IRA and is it different than risks you take in a non-taxable account? [link] [comments]  |
| Stock information from Youtube Posted: 05 Sep 2020 04:20 PM PDT Hello, I was getting interested in getting stocks, and I dont know anything about them. I was wondering if any people would recommend any resources, especially on YouTube that helped them on their investing journey. Maybe a channel that gives people the basics and tips on investing for beginners to channels that give daily updates and advice on what to invest on. Anything helps and i appreciate the help! [link] [comments]  |
| FDA flags Mylan ingredients plant in ongoing fallout from global blood pressure med recalls Posted: 05 Sep 2020 02:35 PM PDT Generics maker Mylan ran afoul of the FDA late last year for lax testing protocols that could have led to active pharmaceutical ingredients (APIs) tainted with a probable carcinogen. Learning its lesson, Mylan battened down operations at another of its Indian API plants—but the FDA still found issues. The FDA cited Mylan for failing to adequately test recycled solvents at its Sangareddy, India, Unit 7 plant imported from a contract manufacturer the agency previously flagged for nitrosamine contamination, according to a warning letter posted Tuesday. During an inspection in February, investigators found Mylan failed to maintain cleaning records for bulk storage tanks that contained the manufacturer's recycled solvents and protocols to adequately test solvents before reuse in API production. In a statement, Mylan said it had submitted a response to the FDA's letter and didn't expect an interruption in supply. After the FDA flagged another Mylan API plant—Unit 8—in November for nitrosamine contamination, the drugmaker installed new controls to prevent a similar contamination at Unit 7. Despite using the flagged contract manufacturer's solvents, Mylan said "extensive testing of APIs manufactured and distributed by the site was performed for the presence of nitrosamine impurities and no evidence of cross contamination was identified." RELATED: Mylan plant knocked for sloppy manufacturing controls in tainted valsartan fiasco Mylan's Unit 8 in Andhra Pradesh, India, was targeted as part of the fallout from a series of global recalls for "sartan"-based blood pressure medicines found to contain high levels of nitrosamines, particularly the probable human carcinogen N-nitrosodimethylamine (NDMA). In November, an FDA letter accused Mylan of failing to present written procedures to control the testing and handling of valsartan API at Unit 8 during an inspection the previous May. Mylan's processes were "inadequate" to prevent "contamination and cross-contamination with nitrosamine impurities," including NDMA and N-nitrosodiethylamine, the FDA said. In August 2019, the agency issued another warning letter to an Indian solvent recovery firm whose products may have contributed to some of the tainted drugs. The letter to Lantech Pharmaceuticals said its processing methods left open the chance for cross-contamination of solvents. Mylan tied its own contamination back to tainted solvents as well, telling the FDA that contract manufacturers had sent contaminated batches. The FDA still knocked Mylan for not doing enough to adequately track individual batches. RELATED: Metformin recalls continue as Bayshore pulls diabetes drug on carcinogen scare The FDA has implicated NDMA, in particular, for a growing number of recalls, most recently for versions of generic diabetes med metformin found to contain high levels of the compound. Last month, New Jersey-based Bayshore Pharmaceuticals voluntarily recalled one lot each of its 500- and 750-milligram extended-release metformin after the FDA found high levels of NDMA. The recalled lots were manufactured by Beximco Pharmaceuticals in Dhaka, Bangladesh, in June 2019 for U.S. distribution. The FDA requested five other drugmakers—Lupin, Apotex, Teva, Amneal, Marksans—pull their versions off shelves after testing. A seventh drugmaker, Granules, also pulled lots of their metformin version off shelves in July. NDMA was also linked to global recalls for branded and generic heartburn med Zantac, which roped in some of the generics industry's biggest players. [link] [comments]  |
| Has anyone pin pointed exactly what caused the incredibly sharp tech sell off on Thursday? Posted: 05 Sep 2020 09:39 AM PDT Usually you'd expect a 5% sell-off on the Nasdaq to be accompanied by some kind of news event, catalyst -- anything...But there doesn't seem to be anything specific that warranted this incredibly sharp and unexpected sell off? Was it technicals? RSI? Darkpools... What was it? Hope to hear your responses.. [link] [comments]  |
| Is buying Berkshire B = or better than using a hedge fund/fa Posted: 05 Sep 2020 07:15 PM PDT When you look at various hedge funds or financial advisors you can always expect to pay some sort of fee. Overtime, when I calculate how much these 0.5-1.5% fees can damage your long-term returns, it is quite huge. Further, I find I agree with what warren buffet says. If warren buffet thinks the market will crash, I prefer to follow him than my FA. One option is to invest in generic etfs like vtsax and sp500. However, isnt berkshire b just as good as investing with one of the best "hard to break into" hedge funds? AND Any idea if Berkshire will continue to be amazing after Mr. Buffet passes on (he is quite aged)/ are they well planned for take over? [link] [comments]  |
| Proxy metric for up-to-date S&P500 earnings? Posted: 05 Sep 2020 06:48 PM PDT I know that the earnings of public companies are only released four times a year or so. But I'd like to find some kind of alternative measure that's updated DAILY or WEEKLY, and would give a sense of what earnings are doing. Like, maybe, revenues or something. Anyone have a suggestion? And an online source? [link] [comments]  |
| American Equity Investment Life Holding Co (AEL): Why I like the stock Posted: 05 Sep 2020 04:06 PM PDT I will be honest with you: I love insurance companies. A company can make a lot of money by investing a customer's monthly premiums (called "float") to other companies. I have tried to convince my parents to invest in local Insurance companies. Looking at AEL, however, I see a pretty good company on paper; but, when diving in, is the company worth $2.09 billion (as of today)? Let's find out. AEL sells fixed indexed annuities. According to Nationwide, "a fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. It gives you more growth potential than a fixed annuity along with less risk and less potential return than a variable annuity." In layman's terms, you invest into an annuity, and said annuity will grow based on the performance of a stock index (such as NASDAQ and S&P 500). If the Stock Index performs negatively, there is not as much worry since the original annuity deposit will not go down – it can only go up. The typical policyholder is 63 years old with an average value of over $91 grand. 96.2 percent of AEL is in Fixed Index Annuities (and AEL's account value is $53.3 billion). Assets under management have increased by an average of twelve percent. The book value of AEL (as of March 31st, 2020) is $2.9 billion. The maturity rating of these annuities is, at an average, an A- (56 percent is in the A range while the rest range from Baa to B or lower). If I were a teacher, I would trust a student with an A- rating. Tangible Book value is $55.27 per share, while the stock price for one share is $24.58. You are essentially buying this company for nothing if you think about purchasing based on book value. [link] [comments]  |
| Is it possible to get a monthly return of 5% on an investment? Posted: 05 Sep 2020 11:55 PM PDT I've been looking at monthly income plan mutual funds but I am wondering how much net income I could get per month. Is 5% too much to expect? Are there any other investment options that could net me something close to 5% per month? Any other ideas or suggestions are welcomed! Thank you! [link] [comments]  |
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