Daily General Discussion and Advice Thread - February 28, 2022 Investing |
- Daily General Discussion and Advice Thread - February 28, 2022
- Shell to exit joint ventures with Gazprom and pull out of Nord Stream 2
- Warning to all young investors of the “kiddie tax”
- How would the RSX get Delisted?
- First cultivated meat company to go public
- ELI5: What is e-mini spy and what does it mean to sell out options on?
- Green Energy Investments more attractive as a result of Putin's war?
- What am I missing about Canfor? CFP.TO
- TIL my long-term capital gains are taxed at 0%
- trying to figure DODBX out
- Which ETF for steady, low-risk, yet positive returns?
- My bank has screwed me over multiple times, looking for suggestions.
- Does it make sense to invest in Ukrainian bonds right now, assuming one waits until maturity?
- Is there a way to Invest in the new rumored Indo-China-Rus payment mechanism
| Daily General Discussion and Advice Thread - February 28, 2022 Posted: 28 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] |
| Shell to exit joint ventures with Gazprom and pull out of Nord Stream 2 Posted: 28 Feb 2022 10:34 AM PST
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| Warning to all young investors of the “kiddie tax” Posted: 28 Feb 2022 09:22 AM PST I just recently filed my 2021 taxes. I had investments from 2020 and then sold them in 2021 assuming I could take the long term capital gain and pay no tax due to my low income. Unfortunately I am a young college student and a law called the "kiddie tax" exists which taxes a dependent child's unearned income over $2,200 at the parent rate. I owed over $4,000 when I filed. I got taxed about 30% on my capital gain. [link] [comments] |
| How would the RSX get Delisted? Posted: 28 Feb 2022 03:21 PM PST Can someone explain how/why something like the RSX would be delisted? I guess I have seen Chinese ADR's get delisted in the past, but I haven't seen an ETF get delisted before. So it's kind of confusing how that would work. Would brokerage firms deliberately choose to not allow these securities to be traded before delisting? It seems like E-Trade is doing that as of today. [link] [comments] |
| First cultivated meat company to go public Posted: 28 Feb 2022 07:47 AM PST MeaTech $MITC recently announced significant management changes aimed at accelerating the company's transition from a development stage company to a cultivated meat production company. T modular factory design allows the company to create a sustainable solution for a wide variety of species including chicken, beef, and pork. first cultivated meat company to go public with a $US28 million IPO in March 2021, following several funding rounds in 2020 totalling $US16.5 million. lobal food technology company using advanced biotechnology and engineering capabilities to develop slaughter-free, real meat, which is delicious, nutritious, and safer than conventional meat. [link] [comments] |
| ELI5: What is e-mini spy and what does it mean to sell out options on? Posted: 28 Feb 2022 07:37 AM PST I have a bit of experience trading spy and understand that it is an index/average of the 500 leading companies in the U.S. Today's(2/28) spx price is ~$4,377.94 I'm using interactive brokers. Someone recently give me a recommendation to sell a put option(50) E-mini S&P 4170 at a limit price of $10.5 with expiration date of 3/2 I want to understand this trade before making it Can someone give me an ELI5 explanation of what this trade entails? [link] [comments] |
| Green Energy Investments more attractive as a result of Putin's war? Posted: 28 Feb 2022 03:40 AM PST I am thinking whether it is a good idea to add to my position in green energy investments (e.g. ICLN) seeing as they have been beaten down over the past 3 months (after COP-related hope), and if the world is going to diversify away from natural gas, then these companies are in line for major public grants and investments. Hoping to get some opinions on this. And maybe tips for good investments in alternative energy sector. Thank you. [link] [comments] |
| What am I missing about Canfor? CFP.TO Posted: 27 Feb 2022 07:02 PM PST Canfor is a BC based forestry company. Our local billionaire Jim Pattinson owns 50% of it. It's trading at a P/E of 2. They are not new. They have so much cash in the bank and lumber prices have been crazy for the last 6 months. When they post their earnings this week and again for q1 in April it looks like they will basically have current cash equal to their outstanding share value. They will be trading at a share value that should basically equal the past 18 months earnings. Other bc lumber companies of a similar size, debt, etc. are trading at a P/E of around 4-5 which to me still seems low considering lumber prices for the last year and half and the current usd to cad. Like I know Elon musk is cool and was on SNL and Joe Rogan but Tesla is trading at 200P/E. I follow lumber prices based on lbs=f which is currently at 1200. Canfor seems to break even around 400 and turn profit over that mark. Also they have locked in a labour agreement so wages are fixed to increase at 2.5 - 3% over the next 3 years. So what am I missing? With EPS at $14, Why is this not at least an $80 per share company? [link] [comments] |
| TIL my long-term capital gains are taxed at 0% Posted: 28 Feb 2022 05:59 AM PST Working on my taxes over the weekend, I was confused at why the tax amount calculated by TurboTax was coming in significantly lower than what I had previously estimated. After digging around a bit, I discovered the cause of the discrepancy – long-term capital gains (for married filed jointly) of up to about $73K are taxed at 0%! I vaguely knew long-term gains received more favorable treatment than short-term, but I had no idea it was 0%, as most of my holdings in my taxable non-retirement account have been income-oriented along with some short-term gains from trading (I've had some long-term gains over the years too, but these amounts weren't big enough to create enough discrepancy between my estimate and the final number to catch my eye). But this year I had $20K worth of long term gains that I expected to be taxed on, so it's a nice surprise to find that this gain is tax-free! [link] [comments] |
| Posted: 28 Feb 2022 11:04 AM PST Many years ago I had money put in DODBX for me. over the years I've heard it's praise sung many times over. a great funt, a real long term champ, can't go wrong..... as I now take over active mgt of this money and my DODBX holdings I'm looking at long-term and I'm just not sure what the big deal is? it doesn't seem amazing. it took seemingly forever to recover from 2008. It's not horrid and since I've been in it since 2004 I'm overall up. But, what's the buzz, what am I missing? what is similar but better? Help me understand the love for what seems to be a rather unremarkable fund please? [link] [comments] |
| Which ETF for steady, low-risk, yet positive returns? Posted: 28 Feb 2022 02:05 AM PST Hi, There is a fixed amount of money i want to pay into an ETF monthly as I need a certain amount of capital as "precautionary savings" within next years. Cash is not an option as inflation will reduce the value too much. I thought of inflation-linked ETFs? Maybe Commodities? Fixed Income and Money market ETF burn money. I prefer lower risk and accept lower returns. Thank you. [link] [comments] |
| My bank has screwed me over multiple times, looking for suggestions. Posted: 28 Feb 2022 10:15 AM PST I have tried to invest my money multiple times in different things over the past couple years. Each time, my bank has done everything they can to make it harder on me. First of all they have 1k buy limits per 24hr hours, you have to call and tell them to allow over 1k for that 24hr hour period. Not a huge deal but it is an inconvenience. Where it gets bad is when they close at 2:30 and you can't make a purchase over 1k till the next day (which with stocks, crypto, etc. you all know a lot can change very quickly) this has happened a few times causing me to already get frustrated. The big one that pushed me over, I wanted to buy 4k of a crypto coin (I know some is for it and others against it, that's not why I'm here) the coin dipped and I was ready to buy, I called the bank and told them I was gonna make a 4k charge on the debit card so they could okay it. When I tried to make the purchase it failed… I called back and asked why. The lady checked and said oh we can't allow that because the company you're trying to buy from is out of the US. I said oh no it's okay, they are a well trusted company, could you please allow the transaction to go through? Nope she said, we are not able to allow that transaction to go through, as we are not allowed to. She said the best we can do is an ACH transfer. Well 6 days pass and I get the 4k in the account that I wanted it to be in, but by the time the 6 days passed the coin went back up. I knew it would and was planning on selling when it did, which ended up costing me a little under 3.5k profit I coulda made. Nothing crazy but still… bank screwed me out of 3.5k. I definitely want to move banks, but who's to say I won't move to a bank that has these same restrictions? Just looking for any helpful tips or information you all might have. [link] [comments] |
| Does it make sense to invest in Ukrainian bonds right now, assuming one waits until maturity? Posted: 28 Feb 2022 07:24 AM PST Since Ukrainian bond prices fell, does it make sense to invest in them right now, assuming one waits until maturity? Decided to ask here since I haven't dealt with bonds before, but from what I understand, as long as one waits until maturity to receive the principal, government bonds should be fairly safe. [link] [comments] |
| Is there a way to Invest in the new rumored Indo-China-Rus payment mechanism Posted: 28 Feb 2022 07:37 AM PST The new system is expected to work as a "gateway" model when messages on payments are transcoded in accordance with a certain financial system Russia's financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India still does not have a domestic financial messaging system, it plans to link the Central Bank of Russia's platform with a service that is under development. Would like to hear if anyone has any news on this? [link] [comments] |
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