Daily General Discussion and Advice Thread - February 10, 2022 Investing |
- Daily General Discussion and Advice Thread - February 10, 2022
- US Consumer Prices rise 7.5% in January
- The Walt Disney Company Reports First Quarter Earnings for Fiscal 2022
- Don’t be so quick to trade any asset just because of a comment or post you saw on Reddit.
- What does “removal of rights following take up” mean?
- With bank interest rates so low, what's a better option for safe investment?
- Wanting to simplify and get rid of the "fluff" inside my managed account. Time to go self-directed.
- My large $$ rollover IRA from an old employer 401k is now in cash but I am afraid to invest- HELP!
- super casual headlines/DD about Pfizer (PFE)
- On the last page of my 1099, Etrade said I should consider waiting until the "March 15 mailing" to file my taxes due to my $SLV trade (which was a loss)...is that really going to be amended?
- High P/S stocks historically underperform
- Fidelity sold stock in my 401k without my permission (sort of)
- Investment strategies for my kids money ?
- VWINX ETF equivalent or cheaper alternative on Schwab
- Opinions on these please?
- Canadian investing question regarding limits within the registered account (RSP)
- Long Term Investing - Blue Chips ($aapl, $msft, $goog) vs Index's "$VOO"
- Renewable energy stocks that use surplus energy production to mine bitcoin
- Daily General Discussion and Advice Thread - February 09, 2022
- How do the gold investment companies make their profit?
| Daily General Discussion and Advice Thread - February 10, 2022 Posted: 10 Feb 2022 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] |
| US Consumer Prices rise 7.5% in January Posted: 10 Feb 2022 05:48 AM PST Per CNBC, the CPI rose 7.5% YoY in January, more than the expected 7.2% which marks the highest level since 1982. The biggest driver was fuel oil which rose by 9.5% in January or 46.5% YoY. [link] [comments] |
| The Walt Disney Company Reports First Quarter Earnings for Fiscal 2022 Posted: 09 Feb 2022 01:39 PM PST High-level from the r/stocks post: Earnings per share: $1.06 adj. vs 63 cents expected, according to a Refinitiv survey of analysts Revenue: $21.82 billion vs $20.91 billion expected Disney+ total subscriptions: 129.8 million vs 125.75 million expected, according to StreetAccount From the Yahoo! article:
Link: https://finance.yahoo.com/news/walt-disney-company-reports-first-210500944.html Very positive earnings imo, great outlook. I remain long on DIS. [link] [comments] |
| Don’t be so quick to trade any asset just because of a comment or post you saw on Reddit. Posted: 09 Feb 2022 09:29 PM PST Always do your own due diligence on all the stocks, bonds, crypto, futures, etc. It won't take too long and is worth the time because it's your money at stake. You'll also be able to differentiate which posts/comments are credible. It's okay to pass a tip along but be as cautious as you can before pressing buy or sell. Some investors are making buying suggestions in bearish markets and vise versa. Last but not least remember everyone has some sort of an objective; you would like to believe their tips are coming from the goodness of their hearts. However, it's more than likely that their particular recommendation(s) will help their own portfolio. [link] [comments] |
| What does “removal of rights following take up” mean? Posted: 10 Feb 2022 09:59 AM PST I opted in to a rights issue and I think it went through. But the message on the transaction says "removal of rights following take up". The wording is odd. Did they remove my rights shares or add them? (There's actually two transactions with this message but the rights issue could've only been done once given the number of shares I have.) [link] [comments] |
| With bank interest rates so low, what's a better option for safe investment? Posted: 09 Feb 2022 09:24 AM PST $1,000,000 investment needs to generate interest income for retirement. What long-term (2 year, 5 year, 10 year) options are optimal? Requirements are they must be government insured (FDIC) and risk-free. Treasury bills? Government bonds? Certificate of Deposits? Or just keep it liquid in a high-interest checking / savings and wait for bank rates to increase? Right now the current rate is .05% which is not enough. [link] [comments] |
| Wanting to simplify and get rid of the "fluff" inside my managed account. Time to go self-directed. Posted: 10 Feb 2022 11:49 AM PST Opened a managed brokerage account with a namebrand brokerage last March. We discussed general risk aversion, time horizons, and what the money was intended for. Simply, it's the "extra cash" we have left over after making all the rounds into our retirement accounts, education funds, etc. And there is no specific purpose for it other than general wealth accumulation. The manager set it at moderately aggressive, which put it in the pretty standard 65/35 asset allocation (40% US stocks, 25% international stocks, 35% Bond ETFs). Note, the managed account comes with a 1% annual management fee (0.25% account value gets taken out every QTR). After letting the year play out and learning more, I'm on the verge of removing the management oversight to the account. That 1% fee being the biggest reason. It seems it's just a boiler-plate portfolio of about 15 different positions (all various ETFs) that I can simplify and boil down to just 3 or 4 common ETFs, and go at it on my own. And there was zero movement on the positions from the manager all year long.... which, to me, is not worth paying the 1% fee on. I have a recurring monthly payment to the account, which it would then automatically disperse those funds across the various positions. Which is nice, but not worth losing 1% off the top just to have an auto purchase function. So, my goal is to remove the management status on the account and change it to a "self-directed" brokerage account. I'll keep the current positions as is, but I'll probably sell all the positions at the 1-year mark (very soon) to avoid any short term capital gains hits, and just reinvest everything into a much simpler 3-4 ETF portfolio that maintains a similar 65/35 asset allocation structure. It's around 6 figures, so it'll be the biggest amount I've ever seen/managed on my own, but I honestly couldn't justify paying this broker a 1% management fee and have 15 positions open, in what I feel I can do with 3-4 ETFs. Anyone else walk away from managed accounts and just "dumbed it down" using 3-4 ETFs? Extra: I will probably go with iShares ETFs, since this is what makes up the core structure of the account anyways. But time to cut the fluff this broker setup and stop paying 1% for them to do....nothing... [link] [comments] |
| My large $$ rollover IRA from an old employer 401k is now in cash but I am afraid to invest- HELP! Posted: 10 Feb 2022 11:18 AM PST After I left a job I quickly cashed out my 401K which was in a 60-40 (stock/bond) mutual fund. Now it has been rolled over to an IRA and is in cash (money market earning 0.01%). My plan was to put it in a similar 60-40 Mutual Fund in the IRA. But while I don't like market timing I am scared to death to invest this money. Just too much going on: Russia Conflict, Iran Missiles, massive inflation, a breakdown in society, civil unrest, crime, political turmoil, possible new COVID variant, etc. Under normal times I would say that there are always issues that could scare the stock market. But maybe for the first time, this time is really different. What would you do if it were half of your investments and you were in your sixties: 1) Invest all the money now (OR) 2) Put it in a 1 year CD paying 0.60% to see what is happening. (OR) 3) Dollar-cost average the money over the next two years [link] [comments] |
| super casual headlines/DD about Pfizer (PFE) Posted: 10 Feb 2022 11:16 AM PST $PFE a boring company that makes a lot of money all of these headlines/news snippets are from the week starting 2/7/2022 I'll get to my favorite part of the stock right off the bat and say that on 2/08/2022 the company provided Full-Year 2022 Record-High Guidance for Revenues of $98.0 to $102.0 Billion. a company that is going to make billions this year and consistently made tens of billions a quarter, this is the kind of business we should be buying. The company reported a revenue on 2/8/2022 of $23.84 billion for Q4, compared to the consensus estimate of $24.20 billion, so they only made $23 Billion instead of $24 Billion, this made irrational, impatient traders selloff giving buying opportunities to smart money this week. PFE pays a 3.1% dividend. CNBC Pfizer expects $54 billion in 2022 sales on Covid vaccine and treatment pill Reuters Japan Health Ministry committee approves Pfizer oral COVID-19 drug CBS News CDC says COVID-19 vaccines are safe for pregnant women Analysts 12 month price target for PFE in the last 3 months are: average price target at $59.44 with a high estimate of $75 and a low estimate of $50. This includes BARCLAYS CAPITAL, EDWARD JONES, JP MORGAN, MORGAN STANLEY, WELLS FARGO AND UBS Pfizer brands include Advil, Bextra, Celebrex, Diflucan, Lyrica, Robitussin, Chapstick, Preparation-H and Viagra. I have a weird criteria before entering a position where i ask myself if i'll be able to sleep well at night and not open up my portfolio with dread every few minutes and this fits that criteria so i bought a few thousand shares at $50.70 this morning, have fun! [link] [comments] |
| Posted: 10 Feb 2022 09:32 AM PST It was actually a small loss that I could care less about claiming, and I just want to get my taxes done. Does anyone know what this means and will I really get an amended 1099? And even if I do, does it matter since it was a loss? I wouldn't want to trigger an audit or anything, but again I don't care about claiming the loss since it was like $80 THE SECURITIES LISTED BELOW HAVE SPECIAL REPORTING REQUIREMENTS. AS A HOLDER OF THE SECURITIES LISTED BELOW, YOU SHOULD NOT FILE YOUR TAX RETURN UNTIL AFTER THE MARCH 15TH MAILING AS YOU MAY BE RECEIVING A CORRECTION. ISHARES SILVER SHARES [link] [comments] |
| High P/S stocks historically underperform Posted: 09 Feb 2022 11:03 AM PST Following up on this post, here are a list of stocks that had a Price/Sales ratio over 20, with market cap over $10b, along with how they performed over a 1 year, 10 year and 22 year time span. https://docs.google.com/spreadsheets/d/1_ggIhic9vqNwzt8zsGVn0fyfXO8Nrp2ejbVBrdgVaCo/edit?usp=sharing A high PS ratio predicts high revenue growth, but does not predict high price growth. In fact, on average, high PS companies tend to underperform the market over the long term. After one year: High PS companies grow revenue 89%, but they don't outperform the general market index. After ten years: High PS companies grow revenues 282%, but they underperform the market by -29%. It's a small data set, but if history is any guide, only a couple of these stocks will outperform in the longterm (LCID, RIVN, SNOW, S, BILL, NET, CFLT, DDOG, ZS, MDB, TEAM, CRWD, SHOP, RBLX, PLUG, OKTA, PATH, U etc...) What is a P/S ratio? Price / Sales ratio. The higher the number, the more expensive the stock is compared to sales. [link] [comments] |
| Fidelity sold stock in my 401k without my permission (sort of) Posted: 10 Feb 2022 08:13 AM PST Here's the situation: I have (had) a large amount of shares of my employers stock in my 401k I've been holding for years. In January, I called Fidelity and said I want to liquidate those and move the money to my Brokeragelink Acct. They said no problem. Called them back the next day, they said the trade went through, money will be in Brokeragelink in 3-5 business days. Money never showed up in BL. So after several phone calls, they tell me "Hey here's why the money isn't there - there was an issue with the trade, the order never went through, and you still have the shares. What do you want to do?" At this point I decided to hold the shares rather than liquidate them, and asked Fidelity to change the dividend re-investment plan for those shares, and leave them in my 401k. They said ok, will do. FFWD to today. I log in to my 401k, and I see that I have the cash amount from those shares in my Brokerage link, so it looks like at some point those shares DID sell. I'm about to call them and see what's up, but... Is this something that has happened to anyone else? In the perfect world I'd rather have the shares still, but that ship may have sailed. I'm not really sure what I'm asking here, I"m just shocked this happened, because my last conversation was that "The shares never sold; you still have them, we're gonna change the reinvestment strategy." WTF happened!? [link] [comments] |
| Investment strategies for my kids money ? Posted: 10 Feb 2022 05:46 AM PST I'm going to retire this year at 62 with two boys at home. They will collect about $20K/ in dependent social security- about $100K by the time the last one ages out. It's enough to put them through state schools. But it's also possible they won't end up using much of it. (scholarships, local cheap school, etc) So i'm exploring investment ideas that will give all of us the most choices and the least taxes. 10 years out, my boys are in there 20s and we're sitting on $80,000. It's a great start to a retirement account and it would be easy to have that in tax deferred IRA or a ROTH in their names as soon as they have some earned income. But maybe one of them needs it for a house? Or to gamble on a startup? WHose name do we invest it in? It could be mine or theirs. If i have some earned income in retirement i could stash it in a ROTH and then just pull it out for them tax free. Maybe a combination with some long term and some in a brokerage account ? This is not a typical situation, kinda hard to google. [link] [comments] |
| VWINX ETF equivalent or cheaper alternative on Schwab Posted: 09 Feb 2022 03:37 PM PST Im really impressed by VWINX mutual fund. Im trying to buy it on Schwab but they are charging a 80$ transaction fee. Are there any ETF or cheaper options of equivalent fund? I do not have a Vanguard account. This ticker is not available on RH either. Im thinking of biting the bullet and purchase a huge amount of this and swallow the transaction fee since this fund has an extremely good performance history. [link] [comments] |
| Posted: 10 Feb 2022 06:36 AM PST Hey everyone, Ive been looking intensely since the start of 2022 and Im struggling to find great value play. Here is a list of a few companies Ive narrowed down to and I would love some insight/help/opinions on these; FNV (franco nevada)-BRK.B (berkshire)-MCD (mcdonalds)-PG (proctor&gamble)-DIS (disney)- NTDOY (nintendo)-NKE (nike)- RBLX (roblox)-FB (meta) Thanks to everyone who replies its greatly appreciated. [link] [comments] |
| Canadian investing question regarding limits within the registered account (RSP) Posted: 09 Feb 2022 04:03 PM PST For Canadians: A friend had mentioned that if you purchase dividend stocks in an rrsp that pays dividends, this gain of cash limits your next years contributable amount because of the cash you're earning within the account. Does anyone know if this is true? [link] [comments] |
| Long Term Investing - Blue Chips ($aapl, $msft, $goog) vs Index's "$VOO" Posted: 09 Feb 2022 11:29 AM PST I see a lot of posts saying to just throw your money into an index like $voo and DCA and you wont have to worry. Obviously blue chips can change and may not produce anywhere near the same levels, but if you threw your money in $voo, last 12 years (since it started) would return 313% $aapl last 12 years: 1535% $msft last 12 years: 1169% $goog last 12 years: 951% no way to tell if they'll produce the same yields for 12 more years (doubtful if I'd have to guess but who knows) and not all have dividends / as high as $voo, but seems like throwing some money across those or $nvda, $amzn for another 5-10 years would be "safer" if you just close your portfolio and look back, or DCA at a reoccurring set timeframe. There will be stocks that outperform, but are apple, miscrosoft, google, amazon going away anytime soon? Maybe just throwing in $voo you wouldn't have to worry i guess haha. Very curious to see some thoughts on some stocks / etf's if you just throw money in and look back a few years later, or DCA at a reoccurring timeframe. I get the DRIP with dividends, but that still won't even touch the returns as those blue chips. Edit: understood on all the feedback. Appreciate the responses. My thinking was these companies are just massive innovators / taking over everything. But to most peoples comments. Who knows what'll happen or what company will compete. I guess even if 2/4 are still top 5 in S&P the other 2 could crumble [link] [comments] |
| Renewable energy stocks that use surplus energy production to mine bitcoin Posted: 10 Feb 2022 07:41 AM PST Hey all, I'm looking to replace RNW.to as it's outlooks for the future are seriously lacking. My criteria for the replacement holding would ideally be:
Now, i'm looking at ENB but not fond of their safety record and also not sure that they're transitioning to renewables quick enough as their whole MO is pipelines. I'm also not sure that they are progressive enough in their innovative strategy techniques to implement bitcoin mining to use surplus energy (which they most definitely have and are venting or flaring at the moment). Suggestions? Thoughts? Flame me if you must. [link] [comments] |
| Daily General Discussion and Advice Thread - February 09, 2022 Posted: 09 Feb 2022 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] |
| How do the gold investment companies make their profit? Posted: 09 Feb 2022 05:42 AM PST Do to the state of the markets, I am considering moving a couple of 100k of my retirement fund to a gold based IRA; the company I am looking at is offering me $100 cash for every then thousand in gold I buy, with a very low annual fee of $195. So, if I put in 200k, I immediately receive 2k back, and if I keep it in for 10 years I will have only paid 2k. So how in the world do they make money? Do they invest the assets? Fwiw, the company I am looking at is "Oxford Gold Group" (Sorry mods if it's not allowed to name them - let me know and I will delete the last line) [link] [comments] |
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