WoV stock portfolio
November 5th, 2021 at 9:26:08 AM
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I just bought my first new stock in almost a year. FOUR - Shift4. They are a credit card processor and with the holidays coming up and most people have a little extra money this year and prices are higher, sounds good for a credit card processing company.
At my age, a "Life In Prison" sentence is not much of a deterrent.
November 5th, 2021 at 1:04:31 PM
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Quote: DRichI just bought my first new stock in almost a year. FOUR - Shift4. They are a credit card processor and with the holidays coming up and most people have a little extra money this year and prices are higher, sounds good for a credit card processing company.
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Interesting you picked a stock which has been on a steady decline. Was around $100 June. 60 now. Who uses them? Never heard of them before your post.
November 5th, 2021 at 1:35:54 PM
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THE SHORT TERM BULL CALL SPREAD
So I talked about it earlier this week. AAPL is uptrending.Now I broke a rule 2 weeks in a row. Earnings last Thursday after the bell and ex-dividend on Monday. Still I cashed both weeks.
Usually I do these on Wed but had surgery then so did on Tuesday this week. I bought a 149 call expiring today and sold a 150 call expiring today to help pay for it.
Net debit $0.65. It closed at $151.07. As I sleep the magic happens and both options exercise. I get the $1.00 difference in the stock prices! $0.65 on Tuesday becomes $1.00 on Saturday.
The illusion has become real.
I will be the first to admit, this is a short term trade, and just a few steps above putting coin on the Bills to cover at the sportsbook. But I am getting better and better at it. I am getting a few rules for doing it together.
So I talked about it earlier this week. AAPL is uptrending.Now I broke a rule 2 weeks in a row. Earnings last Thursday after the bell and ex-dividend on Monday. Still I cashed both weeks.
Usually I do these on Wed but had surgery then so did on Tuesday this week. I bought a 149 call expiring today and sold a 150 call expiring today to help pay for it.
Net debit $0.65. It closed at $151.07. As I sleep the magic happens and both options exercise. I get the $1.00 difference in the stock prices! $0.65 on Tuesday becomes $1.00 on Saturday.
The illusion has become real.
I will be the first to admit, this is a short term trade, and just a few steps above putting coin on the Bills to cover at the sportsbook. But I am getting better and better at it. I am getting a few rules for doing it together.
All animals are equal, but some are more equal than others
November 5th, 2021 at 2:57:15 PM
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Quote: SOOPOOQuote: DRichI just bought my first new stock in almost a year. FOUR - Shift4. They are a credit card processor and with the holidays coming up and most people have a little extra money this year and prices are higher, sounds good for a credit card processing company.
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Interesting you picked a stock which has been on a steady decline. Was around $100 June. 60 now. Who uses them? Never heard of them before your post.
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I would rather by a stock that is down but which I think has potential. They process over 30% of all the credit card swipes in the U.S. I believe they may be the second biggest processor..
At my age, a "Life In Prison" sentence is not much of a deterrent.
November 5th, 2021 at 7:51:43 PM
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Closed at up 148%, a new ATH. Slightly higher than previous up 148%. The one mutual fund I still own, TWCUX, outperforms me by a lot. And has outperformed the indices. One portfolio was down today…. The one that I have Moderna in!
November 6th, 2021 at 12:21:40 AM
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I would be interested in knowing what platform you fellas use and why?
I currently have a TDA cash account I really like think or swim.
I opened a R-hood account a few minutes ago margin rate is 2.5
compared to TDA 9.0
I currently have a TDA cash account I really like think or swim.
I opened a R-hood account a few minutes ago margin rate is 2.5
compared to TDA 9.0
November 6th, 2021 at 5:04:15 AM
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Quote: rainmanI would be interested in knowing what platform you fellas use and why?
I currently have a TDA cash account I really like think or swim.
I opened a R-hood account a few minutes ago margin rate is 2.5
compared to TDA 9.0
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I use TDA. I don’t ever use margin. Robinhood had the problem of not allowing trades on certain volatile stocks during the Reddit driven craziness. TDA is ending in a year or so and will be absorbed by Schwab. I used Schwab in one retirement account until around 5 years ago and it was fine then.
As far as ‘why’, I started with a company called Datek 30 or so years ago and TDA bought them, and I never have felt I needed to change.
November 6th, 2021 at 8:56:35 AM
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Quote: SOOPOOClosed at up 148%, a new ATH. Slightly higher than previous up 148%. The one mutual fund I still own, TWCUX, outperforms me by a lot. And has outperformed the indices. One portfolio was down today…. The one that I have Moderna in!
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Moderna has been utterly routed. Down 100+ in 2 days.
Frankly, I wouldn’t touch a vaccine stock. There’s an end game for Covid, hopefully. As vax rates go up, eventually demand will fall. I would not want to own a stock that is likely trading euphorically based on Covid in the short term.
November 6th, 2021 at 9:00:56 AM
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Quote: rainmanI would be interested in knowing what platform you fellas use and why?
I currently have a TDA cash account I really like think or swim.
I opened a R-hood account a few minutes ago margin rate is 2.5
compared to TDA 9.0
link to original post
I've used Schwab since 1980s. I used to have accounts with Fidelity too but I consolidated it all a few years back. One thing I like is the security Schwab provides. Due to a govt agency getting hacked ~6 years ago all my personal info was compromised so I take the threat of identity theft fairly seriously. My set-up with Schwab is that funds can only be withdrawn by showing up in-person at my local office and providing a verbal password.
Even if you are not aware of your personal info having been stolen or compromised, I recommend taking steps to protect yourself against identity theft. One of my neighbors got burned to the tune of $45k.
My goal of being well informed conflicts with my goal of remaining sane.
November 8th, 2021 at 5:28:57 AM
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Just checked pre market. Only portfolio down is WoV portfolio. Of the stocks that trade premarket 30 are up, 6 down. Butttttt….
TSLA is down enough to outweigh all the ups! I had a sell order in at 1244….. I think it got to within a dollar or so…. Too greedy….
The passing of the ‘infrastructure’ bill has caused a bunch of those type stocks to rise 5% ish or so. Wifey had me buy a bunch of them, but very little in each stock. But up is better than down!
More importantly, made $4 on golf course yesterday. Highlight was 5 wood from 190 over water that went 190!
TSLA is down enough to outweigh all the ups! I had a sell order in at 1244….. I think it got to within a dollar or so…. Too greedy….
The passing of the ‘infrastructure’ bill has caused a bunch of those type stocks to rise 5% ish or so. Wifey had me buy a bunch of them, but very little in each stock. But up is better than down!
More importantly, made $4 on golf course yesterday. Highlight was 5 wood from 190 over water that went 190!
November 9th, 2021 at 11:00:37 AM
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Quote: SOOPOO
More importantly, made $4 on golf course yesterday. Highlight was 5 wood from 190 over water that went 190!
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Impressive.
Shift4 is down today so it might be a good time to buy a few more shares. They are announcing their Q3 results tomorrow. Hopefully the result is much better than Paypal.
At my age, a "Life In Prison" sentence is not much of a deterrent.
November 9th, 2021 at 12:36:27 PM
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Quote: DRichQuote: SOOPOO
More importantly, made $4 on golf course yesterday. Highlight was 5 wood from 190 over water that went 190!
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Impressive.
Shift4 is down today so it might be a good time to buy a few more shares. They are announcing their Q3 results tomorrow. Hopefully the result is much better than Paypal.
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Pretty bad day for me. WoV portfolio was buoyed by RBLX, which was way up, but not enough to make up for the TSLA correction.
Just like our AP’s, I have to just chalk up today to bad variance. Wife has small portfolio that has PayPal, so she did worse than me today.
November 10th, 2021 at 6:30:44 AM
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shift4 up 20 percent before the market opens today.
At my age, a "Life In Prison" sentence is not much of a deterrent.
November 10th, 2021 at 6:36:05 AM
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Quote: DRichshift4 up 20 percent before the market opens today.
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That’s good for you! All I see is RED for the majority of what I hold. TSLA almost down to 1000. I do wonder if it is a temporary blip due to the Musk sell order for 10% of his stake in the company. If so, then this is quite the buying opportunity. But im content with my 80 shares. Not buying more.
November 10th, 2021 at 8:55:56 AM
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Quote: SOOPOOQuote: DRichshift4 up 20 percent before the market opens today.
link to original post
That’s good for you! All I see is RED for the majority of what I hold. TSLA almost down to 1000. I do wonder if it is a temporary blip due to the Musk sell order for 10% of his stake in the company. If so, then this is quite the buying opportunity. But im content with my 80 shares. Not buying more.
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BofA bailed out Tesla this morning with a price hike. $1,000 to $1,200. Much needed. See if the gain holds.
November 10th, 2021 at 9:11:18 AM
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Quote: TDVegasQuote: SOOPOOQuote: DRichshift4 up 20 percent before the market opens today.
link to original post
That’s good for you! All I see is RED for the majority of what I hold. TSLA almost down to 1000. I do wonder if it is a temporary blip due to the Musk sell order for 10% of his stake in the company. If so, then this is quite the buying opportunity. But im content with my 80 shares. Not buying more.
link to original post
BofA bailed out Tesla this morning with a price hike. $1,000 to $1,200. Much needed. See if the gain holds.
link to original post
The REAL adventures of terapined
No fiction, just the facts
Fascinating
I own BofA and they are up today
BAC has done great
Up 88% since I bought last year
Its just a forum. Nothing here to get obsessed about.
November 10th, 2021 at 9:28:50 AM
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Quote: terapinedQuote: TDVegasQuote: SOOPOOQuote: DRichshift4 up 20 percent before the market opens today.
link to original post
That’s good for you! All I see is RED for the majority of what I hold. TSLA almost down to 1000. I do wonder if it is a temporary blip due to the Musk sell order for 10% of his stake in the company. If so, then this is quite the buying opportunity. But im content with my 80 shares. Not buying more.
link to original post
BofA bailed out Tesla this morning with a price hike. $1,000 to $1,200. Much needed. See if the gain holds.
link to original post
The REAL adventures of terapined
No fiction, just the facts
Fascinating
I own BofA and they are up today
BAC has done great
Up 88% since I bought last year
link to original post
I too own BofA. But have had it for so long it is still DOWN from my original purchase. Almost back to even for the day. One stock I am holding probably too much of is NBEV. Down around 10% today. I own it a 4 different price points in 4 of my portfolios. By percentage my best performer is by far GLXZ over the last 5 or so years. Too bad I only put less than $1k into it....
November 10th, 2021 at 10:55:13 AM
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Market looks like it wants to fall off a cliff. Have to believe eventually the inflation issues cause big problems. We just cannot sustain the price hikes on just about everything without something giving.
November 10th, 2021 at 11:27:02 AM
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As noted, this market wants to fall off a cliff.
November 10th, 2021 at 2:41:24 PM
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Quote: TDVegasAs noted, this market wants to fall off a cliff.
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If being down two-thirds of one percent in a day is falling off the cliff, I have a few banks that will keep your money safe.
The difference between fiction and reality is that fiction is supposed to make sense.
November 10th, 2021 at 6:43:32 PM
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Quote: SOOPOOQuote: terapinedQuote: TDVegasQuote: SOOPOOQuote: DRichshift4 up 20 percent before the market opens today.
link to original post
That’s good for you! All I see is RED for the majority of what I hold. TSLA almost down to 1000. I do wonder if it is a temporary blip due to the Musk sell order for 10% of his stake in the company. If so, then this is quite the buying opportunity. But im content with my 80 shares. Not buying more.
link to original post
BofA bailed out Tesla this morning with a price hike. $1,000 to $1,200. Much needed. See if the gain holds.
link to original post
The REAL adventures of terapined
No fiction, just the facts
Fascinating
I own BofA and they are up today
BAC has done great
Up 88% since I bought last year
link to original post
I too own BofA. But have had it for so long it is still DOWN from my original purchase. Almost back to even for the day. One stock I am holding probably too much of is NBEV. Down around 10% today. I own it a 4 different price points in 4 of my portfolios. By percentage my best performer is by far GLXZ over the last 5 or so years. Too bad I only put less than $1k into it....
link to original post
The REAL adventures of terapined
No fiction, just the facts
Smarter then me
Soopoo told me about GLXZ
I really didn't believe him
So I only threw 500 at it just for kicks
Up 218% for me
My 500 worth 1680
% wise, easily my best performer
Its just a forum. Nothing here to get obsessed about.
November 11th, 2021 at 4:38:51 AM
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Quote: terapinedQuote: SOOPOOQuote: terapinedQuote: TDVegasQuote: SOOPOOQuote: DRichshift4 up 20 percent before the market opens today.
link to original post
That’s good for you! All I see is RED for the majority of what I hold. TSLA almost down to 1000. I do wonder if it is a temporary blip due to the Musk sell order for 10% of his stake in the company. If so, then this is quite the buying opportunity. But im content with my 80 shares. Not buying more.
link to original post
BofA bailed out Tesla this morning with a price hike. $1,000 to $1,200. Much needed. See if the gain holds.
link to original post
The REAL adventures of terapined
No fiction, just the facts
Fascinating
I own BofA and they are up today
BAC has done great
Up 88% since I bought last year
link to original post
I too own BofA. But have had it for so long it is still DOWN from my original purchase. Almost back to even for the day. One stock I am holding probably too much of is NBEV. Down around 10% today. I own it a 4 different price points in 4 of my portfolios. By percentage my best performer is by far GLXZ over the last 5 or so years. Too bad I only put less than $1k into it....
link to original post
The REAL adventures of terapined
No fiction, just the facts
Smarter then me
Soopoo told me about GLXZ
I really didn't believe him
So I only threw 500 at it just for kicks
Up 218% for me
My 500 worth 1680
% wise, easily my best performer
link to original post
Not smarter. Luckier! I only own GLXZ (I think?) because PaiGowDan used to work for them, and I liked telling him that ‘he worked for me! I ‘only’ bought 2500 shares for around $600. Sold off some on the way up but still own 1770.
Too many to list that went the other way!
Was at + 145% after close yesterday. Way down from ATH.
November 11th, 2021 at 7:26:35 AM
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Quote: SOOPOOQuote: terapinedQuote: SOOPOOQuote: terapinedQuote: TDVegasQuote: SOOPOOQuote: DRichshift4 up 20 percent before the market opens today.
link to original post
That’s good for you! All I see is RED for the majority of what I hold. TSLA almost down to 1000. I do wonder if it is a temporary blip due to the Musk sell order for 10% of his stake in the company. If so, then this is quite the buying opportunity. But im content with my 80 shares. Not buying more.
link to original post
BofA bailed out Tesla this morning with a price hike. $1,000 to $1,200. Much needed. See if the gain holds.
link to original post
The REAL adventures of terapined
No fiction, just the facts
Fascinating
I own BofA and they are up today
BAC has done great
Up 88% since I bought last year
link to original post
I too own BofA. But have had it for so long it is still DOWN from my original purchase. Almost back to even for the day. One stock I am holding probably too much of is NBEV. Down around 10% today. I own it a 4 different price points in 4 of my portfolios. By percentage my best performer is by far GLXZ over the last 5 or so years. Too bad I only put less than $1k into it....
link to original post
The REAL adventures of terapined
No fiction, just the facts
Smarter then me
Soopoo told me about GLXZ
I really didn't believe him
So I only threw 500 at it just for kicks
Up 218% for me
My 500 worth 1680
% wise, easily my best performer
link to original post
Not smarter. Luckier! I only own GLXZ (I think?) because PaiGowDan used to work for them, and I liked telling him that ‘he worked for me! I ‘only’ bought 2500 shares for around $600. Sold off some on the way up but still own 1770.
Too many to list that went the other way!
Was at + 145% after close yesterday. Way down from ATH.
link to original post
The REAL adventures of terapined
No fiction in my posts, all facts
Gonna hold on to GLXZ and see where it goes
My next highest performer
Ford
They have done incredible
Really boggles my mind
I love my F150 so bought Ford when I sold my house
Up 185%
Woo hoo
Its just a forum. Nothing here to get obsessed about.
November 12th, 2021 at 1:24:19 PM
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Up 146% after today despite TSLA down $$. Big winner today is RBLX. It now has a market cap of around $62 BILLION. I have made more $ selling used golf balls at a garage sale than RBLX has made. RBLX went up a lot this week because they lost less money than expected last quarter. They are still expected to lose money next quarter. I bought it because wife’s daughters say ‘lots’ of kids use the platform.
I may sell enough so I get my money back and keep the rest of the shares as a free ride, so to speak.
$62,000,000,000 for Roblox.
Edit. Holy cow. My one MUtual Fund, TWCUX, up 1.45% today! Nasdaq average was up 1%. S&P and Dow maybe half that.
I may sell enough so I get my money back and keep the rest of the shares as a free ride, so to speak.
$62,000,000,000 for Roblox.
Edit. Holy cow. My one MUtual Fund, TWCUX, up 1.45% today! Nasdaq average was up 1%. S&P and Dow maybe half that.
Last edited by: SOOPOO on Nov 12, 2021
November 13th, 2021 at 12:02:54 PM
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I decided to compare one of my favorites (NVDA) with some of the favorites others have in their portfolios (i.e., TSLA, RBLX, and GLXZ). Here's the charts looking at both the YTD and 3 month performance:
Any way you look at it, NIVIDIA has been a good pick.
Any way you look at it, NIVIDIA has been a good pick.
My goal of being well informed conflicts with my goal of remaining sane.
November 15th, 2021 at 7:41:28 PM
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Ok, team. Today I enabled TD Ameritrade the option of lending my stock out. Someone will pay me interest on the loan. I will get half of the interest and TD will keep half. There (supposedly) is an account somewhere with enough money to collateralize the entire value of the loaned shares. I still can sell my shares even if loaned out. If a dividend is paid I get an amount equal to the dividend as well. You do lose the right to vote on the totally useless vote you do once a year.
As with many things, it seems too good to be true. I do know a friend who does this and says it really is free money. So I’m giving it a try.
As with many things, it seems too good to be true. I do know a friend who does this and says it really is free money. So I’m giving it a try.
November 15th, 2021 at 7:56:23 PM
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Quote: SOOPOOOk, team. Today I enabled TD Ameritrade the option of lending my stock out. Someone will pay me interest on the loan. I will get half of the interest and TD will keep half. There (supposedly) is an account somewhere with enough money to collateralize the entire value of the loaned shares. I still can sell my shares even if loaned out. If a dividend is paid I get an amount equal to the dividend as well. You do lose the right to vote on the totally useless vote you do once a year.
As with many things, it seems too good to be true. I do know a friend who does this and says it really is free money. So I’m giving it a try.
link to original post
I don’t get it. Lending out your shares for what? What benefit does the recipient of your “lent” shares get?
You control the shares.
You get any dividends
The only thing I can think of as a benefit for the lendee is that he can obtain other loans as a result of the shares being listed as collateral. Would this not be a form of “double dipping” since you both technically are “owners” of the shares.
On edit….
Ah, the internet always comes to the rescue. It’s a form of short sellers borrowing your shares.
https://www.marketwatch.com/story/how-to-shake-loose-change-from-your-brokerage-account-2017-04-19
November 16th, 2021 at 3:06:58 AM
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Quote: TDVegas
Ah, the internet always comes to the rescue. It’s a form of short sellers borrowing your shares.
I was going to answer but you did first. Yes, that is what it is about. I need to see if Schwab has this as an option.
Things like this and writing covered calls are what separates the men from the boys in the investing world. The ability to produce income from your stock investments truly makes a difference. Knowing how to use calls to scalp a half to three quarters of a point in 1-3 days truly changes everything. When you do it you feel like you took a hit of Blue Sky! It lasts all day.
These are things the pros do but do not tell you about unless you strive to learn them.
All animals are equal, but some are more equal than others
November 16th, 2021 at 4:13:40 AM
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Quote: AZDuffmanQuote: TDVegas
Ah, the internet always comes to the rescue. It’s a form of short sellers borrowing your shares.
I was going to answer but you did first. Yes, that is what it is about. I need to see if Schwab has this as an option.
Things like this and writing covered calls are what separates the men from the boys in the investing world. The ability to produce income from your stock investments truly makes a difference. Knowing how to use calls to scalp a half to three quarters of a point in 1-3 days truly changes everything. When you do it you feel like you took a hit of Blue Sky! It lasts all day.
These are things the pros do but do not tell you about unless you strive to learn them.
link to original post
It seems like it is quite a steep ‘fee’ that TD charges, being 50% of what you earn. But me getting 50% of something is better than 100% of nothing! I’ve only enabled this in one of my 5 portfolios, the WoV portfolio! They did put out a warning that the ‘dividends’ you receive are no longer actually dividends, and are treated somewhat differently tax wise. So I’m not doing it in my cash portfolio until I understand that better. They said the interest will be credited daily, and I’ll get daily updates as well. It also requires at least $10k in each stock to participate. I will let the forum know when my first stock is ‘lent’!
November 16th, 2021 at 4:44:53 AM
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Quote: SOOPOO
It seems like it is quite a steep ‘fee’ that TD charges, being 50% of what you earn. But me getting 50% of something is better than 100% of nothing! I’ve only enabled this in one of my 5 portfolios, the WoV portfolio! They did put out a warning that the ‘dividends’ you receive are no longer actually dividends, and are treated somewhat differently tax wise. So I’m not doing it in my cash portfolio until I understand that better. They said the interest will be credited daily, and I’ll get daily updates as well. It also requires at least $10k in each stock to participate. I will let the forum know when my first stock is ‘lent’!
link to original post
It is a mafia level fee but consider if you had land and the oil company drilled on it they would get 7/8. They are doing all the work.
FWIW you might want to buy a share or two of TSLA or Rivian to max this as they are highly shorted. One company I saw was over 100% shorted meaning people borrowed borrowed shares.
XXII is classified "hard to borrow" when I make a short options play but at $3 or so not so sure there is much short activity but if you make that one work let me know as I am making a decent return on options on that one already, another stream of income from it would be nice.
All animals are equal, but some are more equal than others
November 16th, 2021 at 1:46:53 PM
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I just checked my account. Yesterday 100 shares of SPEU, an ETF of European stocks, were borrowed. I have been credited SEVEN cents! I think it listed a rate of only 1.15%, and I'm not even sure if I only get half of that. So I either made $0.07, or $0.035 extra yesterday. I think the money doesnt actually get transferred to my account more frequently than monthly.
I wonder if I'll be making anything at least in the dollars per day...... for doing nothing.....
They did write that $4500 are being held at Wells Fargo bank as escrow.
Up either 146 or 147%, depending on how TWCUX did today. I'm guessing 147%.
I wonder if I'll be making anything at least in the dollars per day...... for doing nothing.....
They did write that $4500 are being held at Wells Fargo bank as escrow.
Up either 146 or 147%, depending on how TWCUX did today. I'm guessing 147%.
November 16th, 2021 at 3:31:08 PM
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Quote: SOOPOOQuote: AZDuffmanQuote: TDVegas
Ah, the internet always comes to the rescue. It’s a form of short sellers borrowing your shares.
I was going to answer but you did first. Yes, that is what it is about. I need to see if Schwab has this as an option.
Things like this and writing covered calls are what separates the men from the boys in the investing world. The ability to produce income from your stock investments truly makes a difference. Knowing how to use calls to scalp a half to three quarters of a point in 1-3 days truly changes everything. When you do it you feel like you took a hit of Blue Sky! It lasts all day.
These are things the pros do but do not tell you about unless you strive to learn them.
link to original post
It seems like it is quite a steep ‘fee’ that TD charges, being 50% of what you earn. But me getting 50% of something is better than 100% of nothing! I’ve only enabled this in one of my 5 portfolios, the WoV portfolio! They did put out a warning that the ‘dividends’ you receive are no longer actually dividends, and are treated somewhat differently tax wise. So I’m not doing it in my cash portfolio until I understand that better. They said the interest will be credited daily, and I’ll get daily updates as well. It also requires at least $10k in each stock to participate. I will let the forum know when my first stock is ‘lent’!
link to original post
I’m assuming no risk whatsoever. Free money. It’s someone borrowing your “paper”…and you collect a few bucks along the way. Is this something that can only be done with a brokerage account and not a Roth or traditional IRA?
November 16th, 2021 at 3:34:40 PM
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Quote: TDVegasQuote: SOOPOOQuote: AZDuffmanQuote: TDVegas
Ah, the internet always comes to the rescue. It’s a form of short sellers borrowing your shares.
I was going to answer but you did first. Yes, that is what it is about. I need to see if Schwab has this as an option.
Things like this and writing covered calls are what separates the men from the boys in the investing world. The ability to produce income from your stock investments truly makes a difference. Knowing how to use calls to scalp a half to three quarters of a point in 1-3 days truly changes everything. When you do it you feel like you took a hit of Blue Sky! It lasts all day.
These are things the pros do but do not tell you about unless you strive to learn them.
link to original post
It seems like it is quite a steep ‘fee’ that TD charges, being 50% of what you earn. But me getting 50% of something is better than 100% of nothing! I’ve only enabled this in one of my 5 portfolios, the WoV portfolio! They did put out a warning that the ‘dividends’ you receive are no longer actually dividends, and are treated somewhat differently tax wise. So I’m not doing it in my cash portfolio until I understand that better. They said the interest will be credited daily, and I’ll get daily updates as well. It also requires at least $10k in each stock to participate. I will let the forum know when my first stock is ‘lent’!
link to original post
I’m assuming no risk whatsoever. Free money. It’s someone borrowing your “paper”…and you collect a few bucks along the way. Is this something that can only be done with a brokerage account and not a Roth or traditional IRA?
link to original post
In theory it depresses the price of the stock you are lining as it creates additional “asks quotes” when borrowers and sold short.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
November 16th, 2021 at 4:37:04 PM
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Quote: unJonQuote: TDVegasQuote: SOOPOOQuote: AZDuffmanQuote: TDVegas
Ah, the internet always comes to the rescue. It’s a form of short sellers borrowing your shares.
I was going to answer but you did first. Yes, that is what it is about. I need to see if Schwab has this as an option.
Things like this and writing covered calls are what separates the men from the boys in the investing world. The ability to produce income from your stock investments truly makes a difference. Knowing how to use calls to scalp a half to three quarters of a point in 1-3 days truly changes everything. When you do it you feel like you took a hit of Blue Sky! It lasts all day.
These are things the pros do but do not tell you about unless you strive to learn them.
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It seems like it is quite a steep ‘fee’ that TD charges, being 50% of what you earn. But me getting 50% of something is better than 100% of nothing! I’ve only enabled this in one of my 5 portfolios, the WoV portfolio! They did put out a warning that the ‘dividends’ you receive are no longer actually dividends, and are treated somewhat differently tax wise. So I’m not doing it in my cash portfolio until I understand that better. They said the interest will be credited daily, and I’ll get daily updates as well. It also requires at least $10k in each stock to participate. I will let the forum know when my first stock is ‘lent’!
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I’m assuming no risk whatsoever. Free money. It’s someone borrowing your “paper”…and you collect a few bucks along the way. Is this something that can only be done with a brokerage account and not a Roth or traditional IRA?
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In theory it depresses the price of the stock you are lining as it creates additional “asks quotes” when borrowers and sold short.
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Correct. You’re feeding the “shorts”….those who wish those borrowed shares go down in value. In theory, you are potentially contributing to the downfall of your investment.
November 16th, 2021 at 9:20:24 PM
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As TDVegas points out, short sellers need to borrow shares. They will try to make the value of the SP go down so they can return them cheaper and make their profit.
But they can't borrow your shares unless you allow them.
Now you make a little money every day by helping someone who hopes you lose value on your investment.
If the short profits, he returns your shares and you made a little profit per day while your stock dropped.
The ultimate goal of a short seller is for your stock to go bankrupt or to zero. Because his profit is 100%. He doesn't have to return worthless shares.
But they can't borrow your shares unless you allow them.
Now you make a little money every day by helping someone who hopes you lose value on your investment.
If the short profits, he returns your shares and you made a little profit per day while your stock dropped.
The ultimate goal of a short seller is for your stock to go bankrupt or to zero. Because his profit is 100%. He doesn't have to return worthless shares.
For Whom the bus tolls; The bus tolls for thee
November 17th, 2021 at 2:46:44 AM
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Quote: TDVegas
Correct. You’re feeding the “shorts”….those who wish those borrowed shares go down in value. In theory, you are potentially contributing to the downfall of your investment.
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But you think your investment will go up so why not let them make their play? If the company is solid it will thrive.
Never get emotional about stock. Like a good sports bettor just cares about the spread a good stock picker only cares about the trend. I ended up with some Ford stock. Gonna hold it past tomorrow, ex-dividend day. Run covered calls until it hits my target. Then either keep running them to collect premium or else let it get called away and find another target. Same as I tool the points against the Steelers last week and do not care about them I do not care about what F does after I am out. Just business.
All animals are equal, but some are more equal than others
November 17th, 2021 at 6:12:40 AM
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Thanks all. If my only tangible risk is that I’m helping someone who is betting against me, I’ll take the free money and that (negligible) risk. In practicality, if it’s not me lending the shares, it is someone else. I’ll take the money, thank you. Haven’t decided what to do with my seven cents yet….
November 17th, 2021 at 6:15:43 AM
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Quote: SOOPOOThanks all. If my only tangible risk is that I’m helping someone who is betting against me, I’ll take the free money and that (negligible) risk. In practicality, if it’s not me lending the shares, it is someone else. I’ll take the money, thank you. Haven’t decided what to do with my seven cents yet….
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I would take the 7 cents and find an online casino and bet 18 yo's in a row for a big payout.
At my age, a "Life In Prison" sentence is not much of a deterrent.
November 22nd, 2021 at 12:18:35 PM
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I've decided to go all in on this 'fully paid lending program'. I've signed up the 4 out of my 5 accounts that are eligible. Over the last week I've been getting around $2 a day on average in the one account that had it enabled, the WoV account. I am not sure if that is $2 for me, or $2 that I will be splitting with TD. Someone borrowed my 1000 shares of CYDY for a day, and it racked up $0.50 for me! Others borrowed include SPEU, QYLD.
No cause and effect.... but this was my second trip to Vegas this year, and both times I was there my portfolios did terrible. Dwarfing whatever I won or lost at the tables. This trip ended down nearly $300. As of this moment WoV portfolio is up 147%, down from ATH which I think was up 149%. TSLA has helped as it is now back close to $1200.
No cause and effect.... but this was my second trip to Vegas this year, and both times I was there my portfolios did terrible. Dwarfing whatever I won or lost at the tables. This trip ended down nearly $300. As of this moment WoV portfolio is up 147%, down from ATH which I think was up 149%. TSLA has helped as it is now back close to $1200.
November 26th, 2021 at 7:05:13 PM
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After today only +140%. Oh well. ATH was +149%. Not ready to go to the soup kitchen just yet….
December 7th, 2021 at 3:19:42 PM
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Quote: SOOPOOAfter today only +140%. Oh well. ATH was +149%. Not ready to go to the soup kitchen just yet….
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After the big drop last week (notice I didn’t post!) it’s back up a LOT the past two days to +142%. Still well below ATH of + 149%. I think I’ll be clearing around $2k a year through the ‘fully paid lending program’ which is what TD calls me lending my shares. Apparently, if you have ‘margin’ enabled on your account they can lend your shares and not pay you this small premium. I do not use any margin accounts.
Big mover recently has been AAPL. now a ‘9 bagger’ for me. That doesn’t include the small dividend they pay.
December 7th, 2021 at 3:36:31 PM
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Quote: SOOPOOApparently, if you have ‘margin’ enabled on your account they can lend your shares and not pay you this small premium. I do not use any margin accounts.
I've never tried this or know much about it, but I often have seen people on forums saying that you can make sure that people can't use your stocks. As long as the stock is "up for sale", the brokerage can't "borrow" it. So some people put sell orders with very high amounts to help keep the shorties away.
December 7th, 2021 at 4:47:47 PM
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Quote: HullabalooQuote: SOOPOOApparently, if you have ‘margin’ enabled on your account they can lend your shares and not pay you this small premium. I do not use any margin accounts.
I've never tried this or know much about it, but I often have seen people on forums saying that you can make sure that people can't use your stocks. As long as the stock is "up for sale", the brokerage can't "borrow" it. So some people put sell orders with very high amounts to help keep the shorties away.
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Very interesting! Thanks. I’ve wondered why my TSLA has not been borrowed yet! I have a sell order in at a silly high price. So that may be blocking anyone from borrowing my shares. I’ll be cancelling that sell order, plus any of the other unreasonable sell orders I have. I want my shares borrowed.
December 8th, 2021 at 7:11:56 PM
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Quote: SOOPOOQuote: HullabalooQuote: SOOPOOApparently, if you have ‘margin’ enabled on your account they can lend your shares and not pay you this small premium. I do not use any margin accounts.
I've never tried this or know much about it, but I often have seen people on forums saying that you can make sure that people can't use your stocks. As long as the stock is "up for sale", the brokerage can't "borrow" it. So some people put sell orders with very high amounts to help keep the shorties away.
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Very interesting! Thanks. I’ve wondered why my TSLA has not been borrowed yet! I have a sell order in at a silly high price. So that may be blocking anyone from borrowing my shares. I’ll be cancelling that sell order, plus any of the other unreasonable sell orders I have. I want my shares borrowed.
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I canceled all my silly sell orders. We shall see if it results in any additional free income from
Borrowed shares. Another big up day. Back to +144%. Bought FSR, another electric car company.
December 11th, 2021 at 6:09:42 AM
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After big down day then almost as big up day at +143%. Daily variance has been very high. I checked on the ‘borrowed shares’ payments I have been getting. I’ve had a few full one page statements describing the one cent I earned! Still early in the process but I may have overestimated how much free money I’ll be getting.
Still happy with XYLD, RYLD, QYLD. If the market is totally flat they generate 10+% a year. They will go down in a down market, up in an up market, but not as much as the indices they trace.
Still happy with XYLD, RYLD, QYLD. If the market is totally flat they generate 10+% a year. They will go down in a down market, up in an up market, but not as much as the indices they trace.
December 13th, 2021 at 12:21:28 PM
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WoV portfolio down worse than overall market today. One good stock is BMY. It is doing what I call the tax evasion (legal) scam. They announced that they will be using $15 billion to buy back stock. At 2 billion shares outstanding this will have the share price rise around $7.50 per share. No one pays tax on that $15 billion until they sell the shares. And if those shares are passed down in an inheritance no tax will ever be paid on that $15 billion. If they just paid the $15 billion to shareholders in a dividend each shareholder would get $7.50 and pay tax on it (unless in a retirement account).
Anyway, it’s up around $3 today plus it paid its regular dividend as well.
Anyway, it’s up around $3 today plus it paid its regular dividend as well.
December 13th, 2021 at 12:45:05 PM
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What? no percentage of how much up announcement today? 😆
How about a poll? Which is more annoying - MDawg's claims of constant success in the stock market or SooPoo's daily declarations of "I'm up 143% &etc. in my portfolio." No wonder SooPoo and I like each other!
How about a poll? Which is more annoying - MDawg's claims of constant success in the stock market or SooPoo's daily declarations of "I'm up 143% &etc. in my portfolio." No wonder SooPoo and I like each other!
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
December 13th, 2021 at 12:56:49 PM
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Quote: MDawgWhat? no percentage of how much up announcement today? 😆
How about a poll? Which is more annoying - MDawg's claims of constant success in the stock market or SooPoo's daily declarations of "I'm up 143% &etc. in my portfolio." No wonder SooPoo and I like each other!
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Well…. I was up 149% a month or so ago, so 143% is nothing to brag about! And it’s down a bunch today…. My success really just basically mimics the entire stock market. My only ‘smartness’ has been to be IN the market the last 30 years. My up ‘stories’ have down ones as well. You remember ENRON?
December 21st, 2021 at 1:28:06 PM
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Quote: SOOPOOQuote: MDawgWhat? no percentage of how much up announcement today? 😆
How about a poll? Which is more annoying - MDawg's claims of constant success in the stock market or SooPoo's daily declarations of "I'm up 143% &etc. in my portfolio." No wonder SooPoo and I like each other!
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Well…. I was up 149% a month or so ago, so 143% is nothing to brag about! And it’s down a bunch today…. My success really just basically mimics the entire stock market. My only ‘smartness’ has been to be IN the market the last 30 years. My up ‘stories’ have down ones as well. You remember ENRON?
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143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
December 21st, 2021 at 3:29:38 PM
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you never know, what happens if Elizabeth Warren is presidentQuote: SOOPOOif those shares are passed down in an inheritance no tax will ever be paid on that $15 billion.
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the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
