Daily General Discussion and spitballin thread - June 29, 2021 Investing |
- Daily General Discussion and spitballin thread - June 29, 2021
- Daily Advice Thread - All basic help or advice questions must be posted here.
- Financial Times - US cannot afford housing market ‘boom and bust’, warns Fed official
- Facebook's market value surpasses $1 trillion for the first time
- Calculating capital gain taxes for newer traders
- Question about Wash Sales, can you end up having to pay taxes even if you are at a net loss/even?
- If my broker charges trade fees, is it better to do dollar cost averaging, or pick 1 stock per month in my portfolio to go all in on?
- Does anyone think JPM is about to make an acquisition?
- Since bonds have a price *and* a yield, What is the goal when investing in bonds?
- FRX Shareholders just approved the merger with Beachbody and Myx Fitness. Largest subscription-based fitness company now trading.
- Portfolio (ETF & MF) Analysis Tool (identify company overlap)
- To Buy Bonds or Not to Buy Bonds
- Is there value in Bitfarms?
| Daily General Discussion and spitballin thread - June 29, 2021 Posted: 29 Jun 2021 02:01 AM PDT Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! This thread is for:
Keep in mind that this subreddit, and this thread, is not an appropriate venue for questions that should be directed towards your broker's customer support or google. If you would like to ask a question about your personal situation or if you are asking for advice please keep these posts in the daily advice thread as that thread is more well suited for those questions. Any posts that should be comments in this thread will likely be removed. [link] [comments]  |
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 29 Jun 2021 02:00 AM PDT If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources. 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]  |
| Financial Times - US cannot afford housing market ‘boom and bust’, warns Fed official Posted: 28 Jun 2021 07:47 AM PDT https://www.ft.com/content/ff83ed04-3bb5-444a-9af0-1b466201ef67 A senior Federal Reserve official has warned the US cannot afford a "boom and bust cycle" in the housing market that would threaten financial stability, in a sign of growing concern over rising property prices at the central bank. "It's very important for us to get back to our 2 per cent inflation target but the goal is for that to be sustainable," Eric Rosengren, the president of the Boston Fed, told the Financial Times. "And for that to be sustainable, we can't have a boom and bust cycle in something like real estate. "I'm not predicting that we'll necessarily have a bust. But I do think it's worth paying close attention to what's happening in the housing market," he said. According to data released by the National Association of Realtors last week, the median price for sales of existing homes was up 23.6 per cent year-on-year in May, topping $350,000 for the first time. Rosengren said that in the Boston property market, it had become common for cash-only buyers to prevail in bidding contests, and that some have been declining home inspections to gain an edge with sellers. "You don't want too much exuberance in the housing market," Rosengren said. "I would just highlight that boom and bust cycles in the real estate market have occurred in the United States multiple times, and around the world, and frequently as a source of financial stability concerns." He said the roaring housing market should be a factor as the central bank considers slowing or removing some of the hefty monetary support for the economy introduced during the coronavirus pandemic. The Fed has been purchasing $40bn in agency mortgage-backed securities per month alongside $80bn in monthly Treasury debt as part of its asset purchase programme. Fed officials are now beginning to discuss trimming that bond buying. And Rosengren said that "when it is appropriate" to begin that process, mortgage-backed securities purchases should be reduced at the same rate as Treasury purchases. That would mean the direct support to housing finance would wind down more quickly. "That would imply that we would stop purchasing MBS well before we stopped purchasing Treasury securities," he said. James Bullard, president of the St Louis Fed, is among those who have called for the Fed to re-evaluate its support for the housing market against the backdrop of what he noted were broader concerns about a nascent bubble. Robert Kaplan, Dallas Fed president, has also advocated for the purchases to end "sooner rather than later", especially given mounting evidence of financial speculation in the housing market. The Fed has said that it would begin reducing its asset purchases only once it had made "substantial further progress" towards its goals of 2 per cent average inflation and full employment. Given the rapid recovery, Rosengren said "the conditions for thinking about whether we've attained substantial further progress will probably be met before the beginning of next year". The latest economic projections by the Fed showed central bank officials increasing interest rates from their current rock-bottom level in 2023, earlier than previously forecast. They also exposed a greater divide within the Federal Open Market Committee on the expected path of monetary policy than had been the case. "There's a great deal of uncertainty in the forecast," Rosengren said. "Some people are going to have very rapid growth [and] the conditions for tightening policy may be happening sooner. And other people are going to think that the recovery is going to be a little slower." [link] [comments]  |
| Facebook's market value surpasses $1 trillion for the first time Posted: 28 Jun 2021 01:09 PM PDT
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| Calculating capital gain taxes for newer traders Posted: 28 Jun 2021 01:20 PM PDT I've seen lots of new investors make a killing on stocks and crypto over the last year. One common problem I've noticed: capital gains taxes are often overlooked! Wanted to share a quick primer to help investors here become smarter about calculating their intra-year capital gains. It's important to know how much cap gains you owe so that you can strategize trades to minimize your tax obligation. You can either have an accountant on retainer who gives you this information everyday or do this manually using a spreadsheet. Here's how to do it manually:
Hope this was a helpful thread for many new and experienced investors! Just trying to help others make the same mistakes I did! [link] [comments]  |
| Question about Wash Sales, can you end up having to pay taxes even if you are at a net loss/even? Posted: 29 Jun 2021 12:24 AM PDT Lets say I invest $25,000 into a stock, it drops to a value of $15,000, I sell it and then it drops to $10,000, I buy it back within 30 days and it returns to $20,000. I sell it at $20,000, then at the end of the year, could I potentially end up not being able to count the first drop as a loss, and then pay on the $10,000 gain? So in the end I'd have ended up breaking even, but then because of the wash sale I go back negative. Is that possible? [link] [comments]  |
| Posted: 28 Jun 2021 09:36 PM PDT I am currently using Interactive Brokers, and they charge a flat fee of $1USD per trade. Additionally, there is no option for automated investing. This means that if I have 12 stocks in my portfolio and want to invest equally in all 12 of them each month, I would have to pay a monthly fee of $12 USD. On the other hand, I could simply pick 1 of the 12 stocks to invest in each month, and pay just $1 USD in fees. Which option is more worth it? Edit: I don't live in the US. [link] [comments]  |
| Does anyone think JPM is about to make an acquisition? Posted: 28 Jun 2021 02:38 PM PDT ^ Pretty much the title. Just curious what the community thinks given Jamie Dimon's recent comments about the excess cash on the JPM balance sheet and the latest news of just a .10 dividend increase. Makes me think if they can't/don't want to return that excess cash to shareholders via dividends/buybacks then they must believe that the business could use it more. That coupled with Jamie's comments on FinTech over the past few years makes me believe they're gearing up for a major acquisition. [link] [comments]  |
| Since bonds have a price *and* a yield, What is the goal when investing in bonds? Posted: 28 Jun 2021 05:43 AM PDT Bonds and other debt securities uniquely have both a price and a yield/interest rate (unlike, for example, equities, commodities, and currencies which only have a price). When investing in equity/a commodity/a currency, the goal is to buy at a low price and hold the asset, hoping its value will appreciate as much as possible. But with bonds, is there a clear goal the investor has since the investor is juggling the price and yield of the bond (which are, of course, inversely related)? If so, what is the goal? [link] [comments]  |
| Posted: 28 Jun 2021 02:43 PM PDT FRX shareholders just officially approved the merger with Beachbody Company and Myx Fitness. Starting this week the merged companies will be trading as $BODY and will be the largest subscription-based fitness company on the market. These guys have some pretty intense names on the roster like Lebron, Shaq, Kevin Mayer, and more. I'm sure a ton of these guys will be making some noise about this soon. Has anyone else been following this? How do we think the market will react this week? [link] [comments]  |
| Portfolio (ETF & MF) Analysis Tool (identify company overlap) Posted: 28 Jun 2021 02:51 PM PDT I'm invested in a few dozen ETFs and mutual funds and would like to see how much overlap there is in sectors, styles, and by specific companies. What I'm really curious to see if out of my entire portfolio, how much $ do I have in a specific company, to make sure I'm not too heavy in one company or sector specifically. I use Schwab, and can see a breakdown of sector and style, but can't see by specific stocks, unless I download each funds holdings individually. Any free tools out there that do this? [link] [comments]  |
| To Buy Bonds or Not to Buy Bonds Posted: 28 Jun 2021 07:49 AM PDT Would be great to know peoples thoughts on this as I'm a bit out of my depth on this topic. My portfolio is currently 100% a mix of cash and equities (ETF's and single stocks). I have been looking at buying either Government or Corporate Bonds to diversify as per most advice. My current concern at the moment is simply timing. Am I right to be worried that forecast inflation and rate rises in the US and Europe would hammer my bond investments if I bought now? Should we all be waiting till rate rises come through to reassess bonds and their updated yields? [link] [comments]  |
| Posted: 28 Jun 2021 11:27 AM PDT What am I missing here? Bitfarms is less risky (volatile) than Bitcoin and it is a pure-play green crypto mining company operating at scale, while ESG concerns present great opportunities for its green operation. My research shows BITF has a larger crypto mining operation than other well-known crypto mining companies such as RIOT and MARA. Bitfarms has mined 598 bitcoins in 2021Q1 compared to MARA (196) and RIOT (491). With the crackdown on Chinese miners BITF stands to mine more coins in Q2. Again please explain what I'm missing as I have been cost averaging down my position. [link] [comments]  |
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