Daily General Discussion and Advice Thread - December 21, 2021 Investing |
- Daily General Discussion and Advice Thread - December 21, 2021
- Is the market finally in a COVID-variant driven correction?
- [QUESTION] Best tools and resources for stock research? This is what I use
- Boring subsectors/niche industries that interest you
- Time to consider the Russell 2000 again?
- USDTRY plummets 25% from ATH after government promises free USDTRY calls for people with TRY savings accounts
- Terminix Stock (TMX): Undervalued after acquisition Bid?
- Wash Sale Question on Different Quantities of Shares
| Daily General Discussion and Advice Thread - December 21, 2021 Posted: 21 Dec 2021 02:01 AM PST 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! 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] |
| Is the market finally in a COVID-variant driven correction? Posted: 21 Dec 2021 04:03 AM PST I have been a bit conservative in my investments - most of it in Dividend paying stocks and Mutual Funds. The portfolio rebound nicely after pandemic-lockdowns. Watching the market now leaves me a bit of jittery - Transport and healthcare sectors have been hit hard, dipping over 10-15% in the past few weeks. My portfolio is down by 10% in just the last few weeks. Is this time to double down and add to my portfolio, as some experts are suggesting? Or is it time to sit in the sidelines? [link] [comments] |
| [QUESTION] Best tools and resources for stock research? This is what I use Posted: 21 Dec 2021 07:36 AM PST Curious to find out what are some of the best tools for stock research and overall DD that most people are using. This is what I'm currently using: Fintel: https://fintel.io/
Open Insider: http://openinsider.com/
SimplyWallstreet: https://simplywall.st/
What are your go-to stock research tools? [link] [comments] |
| Boring subsectors/niche industries that interest you Posted: 20 Dec 2021 12:03 PM PST I recently bought some shares of Vontier, which owns Gilbarco Veeder-Root, a company that makes gas pumps and gas nozzles. When I was at the gas station last night, I looked to see if the pump and nozzle were made by Gilbarco. The pump said it was made by a company called Wayne ("a GE Energy Business"), and the nozzle said it was made by OPW ("a Dover Company"). Dover now owns both Wayne and OPW, I found out. And it also owns Tokheim, another gas pump manufacturer. In the US, Vontier and Dover seem to have something close to a duopoly in this subsector—although there's another company called Bennett Pump, which is privately held. So if I bought some Dover stock, I would own pretty much everything there is to own when it comes to gas pumps and gas nozzles. (I had the impulse to do that, but I stopped myself.) What are some boring subsectors that you like? [link] [comments] |
| Time to consider the Russell 2000 again? Posted: 21 Dec 2021 07:55 AM PST Back around 2007-2012 I had an IRA index fund following the Russell 2000. I don't remember the name of it, but it did very well compared to the overall market but when it started slipping I re-allocated to VFIAX and have done well since. Just looking at chart, the R2K has well underperformed the S&P 500 so I wonder if now might be a time to get back in? My understanding is that index funds don't work as well in the R2K because there are a lot of companies moving in and out, so I would love any suggestions on a good mutual fund or ETF for this. [link] [comments] |
| Posted: 20 Dec 2021 01:52 PM PST So basically Turkish president announced a new savings accounts where you will get the regular interest + difference in USDTRY gain at maturity if you save your money in Turkish lira. They will aim to achieve this by printing more TRY. Example. You sold 10 USD for 100 TRY. Kept it in TRY savings account for a year and collected 120 TRY. If at this time 10 USD is worth 200 TRY, government promises to give you additional 100 TRY. Correction: not additional 100 TRY but the difference 200-120 = 80 TRY. Which makes the worst case scenario worse than just holding USD savings account. Sounds pretty dumb tbh. Is there any other country in the world history with a similar savings account? What were the results? [link] [comments] |
| Terminix Stock (TMX): Undervalued after acquisition Bid? Posted: 21 Dec 2021 07:45 AM PST Rentokill announced to buy Terminix. From the Document: Under the terms of the Agreement, Rentokil Initial will issue to Terminix shareholders at closing aggregate consideration comprised of approximately 643.29 million new Rentokil Initial shares (representing approximately 128.66 million American depository shares ("ADSs"), based on a 1:5 ADS to Rentokil Initial share ratio) and approximately US$1.3bn in cash. Based on Rentokil Initial's 5-day average daily volume weighted share price and the 5-day average of the SterlingUS Dollar exchange rate both over the period spanning 6 to 10 December 2021 inclusive, this values the entire share capital of Terminix at US$6.7billion, implying a value of US$55.00 per share of Terminix common stock, and represents an aggregate consideration mix of 80% stock and 20% cash and(Emphasis added) Currently TMX is trading for ~$45 with the deal expected to close in 2nd half of 2022 at the above $55.That means in ~6 to 12 months the stock should appreciate by 22%. or annualized 44% to 22% respectively. Does this mean the market is assuming the deal will not close or is the market missing something? It seems too obvious? Disclosure: Long TMX Edit: Not financial advice, hell I'm confused lol [link] [comments] |
| Wash Sale Question on Different Quantities of Shares Posted: 20 Dec 2021 09:46 AM PST I think I am familiar with the wash sale related to buying a security within 30 days before or after realizing a loss on it and there are plenty of websites out there that explain it and give examples. Of the dozen websites I have combed through I have not been able to find the answer to my question around realizing a loss on a larger quantity of shares than I purchased within the was sale window. I would like to do some tax loss harvesting prior to the end of the year but I want to make sure I fully understand this. I have a dividend paying stock that just reinvested the dividend to buy ~200 shares (say cost basis of $7) last week within the 30 day window I want to sell by EOY. I have a 1000 share lot at a cost basis of $9 and the stock is currently trading at $7. I would like to sell the 1000 share lot with a $9 cost basis for a loss. Do I understand correctly that the wash sale would ONLY apply to 200 shares of those 1000 sold? Or would it disallow the loss on the entire 1000 share lot? Here is the math: ($9 basis -$7 current share price) * 1000 shares = $2000 unrealized loss today Sell 1000 shares and realize losses on 800 shares * $2 loss per share = $1600 realized loss allowed 200 shares *$2 loss = Wash sale disallowed loss, add $2 cost basis to the 200 shares I recently purchased last week from the dividend. Do I have this correct? [link] [comments] |
| You are subscribed to email updates from Lose money with friends!. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment