WoV stock portfolio
I also vowed to never own anything again that requires filing a K-1 after going through that with a different one.Quote: SOOPOOI used to own OKE! Reason I sold is it is not like regular stocks. They treat you like a real owner, giving you an actual K-1 that you need to file with your tax return. It was a (minor) pain in the ass. Some of the dividend is return of principal, some of it is not taxable, etc.... I had 3 stocks like that and I sold them all. Not worth the effort.
I use turbo-tax and even with them guiding you through you had to wonder if you were doing it right.
I suppose somebody somewhere might be shaking their head because they made out well with K-1 type stock, but to just own a few thou in some dumb thing, nope, never again for me.
I bought a JUNK bond today! Dillards. Pays around 8% annually until 2026. Got it for $960 per thousand. So someone must think Dillards will be going belly up. I may regret it. We shall see......
Quote: billryanBusinesses have received trillions of capital from the government while shedding millions of jobs. People are chasing the next pharma stock, the virus has disappeared and racial harmony is better than ever. Why wouldn't the market be up? BTW- lend me $5,000 today and I'll return it, with an extra Ben Franklin in a year's time.
If biilyryan had FDIC insurance, we'd have a deal!
After today's run up, now up 71% since inception. Out of my 4 retirement portfolios, the WoV one has done the best during the pandemic. Buoyed by Tesla, FB, Costco, Mastercard...
K-1 stocks don’t themselves pay taxes, the taxes are passed through to the shareholders. As long as there’s enough free cash flow to pay dividends to shareholders to cover taxes, it’s can be a tax efficient structure.Quote: odiousgambitI also vowed to never own anything again that requires filing a K-1 after going through that with a different one.
I use turbo-tax and even with them guiding you through you had to wonder if you were doing it right.
I suppose somebody somewhere might be shaking their head because they made out well with K-1 type stock, but to just own a few thou in some dumb thing, nope, never again for me.
Quote: SOOPOO
By the way, TSLA is around $900 again. I have a deal with wifey that if it hits $1,000, she gets some ludicrously expensive purse or shoes. I'm hoping for a peak at $999.........
Congrats Soopoo! Tesla closed over 1000 today. Good day all around! Im in it as well. So, I would suggest Chanel Vintage Classic Double Flap Bag Quilted Lambskin for the wife. Can't go wrong with this purse.... Trust me!
Quote: WatchMeWinCongrats Soopoo! Tesla closed over 1000 today. Good day all around! Im in it as well. So, I would suggest Chanel Vintage Classic Double Flap Bag Quilted Lambskin for the wife. Can't go wrong with this purse.... Trust me!
Gulp.... USED it is $2650...... I think she is planning on setting me back just a little over $1k. I sold 10 shares yesterday at $1011. Next plan to sell would be if the crazies get it up to $1500. Now have 40 shares.
The bad part of the TSLA upswing yesterday was that it came on a day my overall portfolio took a .6% hit or so. So I couldn't really celebrate. Today looks like an even worse day. Oh well.
Quote: SOOPOOGulp.... USED it is $2650...... I think she is planning on setting me back just a little over $1k. I sold 10 shares yesterday at $1011. Next plan to sell would be if the crazies get it up to $1500. Now have 40 shares.
The bad part of the TSLA upswing yesterday was that it came on a day my overall portfolio took a .6% hit or so. So I couldn't really celebrate. Today looks like an even worse day. Oh well.
I will just say this... happy wife, happy life. A couple grand is nothing compared to the life long gratitude your wife will give you. One thing Ive learned over the years is that women love purses and value them greatly! Besides, its profit you are purchasing it with...
FYI, hold on to TSLA because sky is the limit for that company. Elon Musk has revolutionized many industries. TSLA is changing the world and will continue to thrive. Its hard to believe that so many wall street 'smarties' shorted this stock way back when.
Quote: SOOPOOGulp.... USED it is $2650...... I think she is planning on setting me back just a little over $1k. I sold 10 shares yesterday at $1011. Next plan to sell would be if the crazies get it up to $1500. Now have 40 shares.
The bad part of the TSLA upswing yesterday was that it came on a day my overall portfolio took a .6% hit or so. So I couldn't really celebrate. Today looks like an even worse day. Oh well.
Well.... a month has gone by... and the crazies have bid Tesla up to around $1550 today. Total portfolio now up 74%. I will probably sell 5 more shares of TSLA tomorrow.... The problem for me is I have to find something to replace it.... and I think I have no good ideas....
Quote: SOOPOOWell.... a month has gone by... and the crazies have bid Tesla up to around $1550 today. Total portfolio now up 74%. I will probably sell 5 more shares of TSLA tomorrow.... The problem for me is I have to find something to replace it.... and I think I have no good ideas....
Congrats!
I just bought a little Citibank yesterday at $50. I know very little about the stock market but Jim Cramer sold me on it. He said the book value of it was $71 a share and if they closed tomorrow that would be their worth assuming no further income. I don't know if that is true or not but I bought a few thousand dollars of it. I used to own AMEX but now Citi is my only financial stock.
Quote: SOOPOOWell.... a month has gone by... and the crazies have bid Tesla up to around $1550 today. Total portfolio now up 74%. I will probably sell 5 more shares of TSLA tomorrow.... The problem for me is I have to find something to replace it.... and I think I have no good ideas....
I wouldnt call them crazies.... I call us smart! They have been dissing Tesla since it was under 100 ... all the way to where it is now. There is a reason... its called revolutionizing, innovation and betting on the future. Just like amazon. I told you Tesla would keep going... and it did. I see Tesla going over 2000 for sure at some point.
If you are looking for a new stock... like I said before, buy stocks in vaccines and companies that products relating to anything you do while staying at home. Zoom, Amazon, Nvidia, microsoft,fb, apple, chlorox, Of course the vaccine stocks i mentioned. Interest rates are still low therefore the stock market will continue to thrive. Get it while its good!
Quote: SOOPOOWell.... a month has gone by... and the crazies have bid Tesla up to around $1550 today. Total portfolio now up 74%. I will probably sell 5 more shares of TSLA tomorrow.... The problem for me is I have to find something to replace it.... and I think I have no good ideas....
Soopoo, Additionally, it would not be a bad idea to hedge yourself going into earnings report on wed. Even though I am a bull of the stock long term, it certainly has run up quite a bit in a very short period of time. You can either buy puts against your position.. you can also sell calls. There will be movement on Wed.. that is a given.
The options prices are staggering. It is a good stock to play the options game in selling the options either way. They are pricing the options over 600 bucks in movement... close to 30%. That is nuts! Basically, the big boys who write the options are going to make alot of money on wed. Unless the stock moves over 500 either way, they can make money writing either the puts or calls. I personally think I will sell some calls.
Quote: WatchMeWinSoopoo, Additionally, it would not be a bad idea to hedge yourself going into earnings report on wed. Even though I am a bull of the stock long term, it certainly has run up quite a bit in a very short period of time. You can either buy puts against your position.. you can also sell calls. There will be movement on Wed.. that is a given.
The options prices are staggering. It is a good stock to play the options game in selling the options either way. They are pricing the options over 600 bucks in movement... close to 30%. That is nuts! Basically, the big boys who write the options are going to make alot of money on wed. Unless the stock moves over 500 either way, they can make money writing either the puts or calls. I personally think I will sell some calls.
I've made a long term decision years ago to not get involved in options, or any real leveraging for that matter. I didn't sell the TSLA yet. 1635 now. Just crazy. Why is the company worth 10% more today than it was yesterday?
Quote: SOOPOOI've made a long term decision years ago to not get involved in options, or any real leveraging for that matter. I didn't sell the TSLA yet. 1635 now. Just crazy. Why is the company worth 10% more today than it was yesterday?
Unless one is very involved in the market, it is prudent to do what you are doing. Just do your research, make your decision on which companies to buy, and just hold and try not to get emotional either way. Just let it do its thing. Its probably even better not to look too often.. lol
So, you ask Why is it up 10% today? Many reasons. Still lots of liquidity in the market and people have free money from the gov to play with. Interests rates are not going down anytime soon. People need a place to put their money now that casinos are fu$$ and we can't spend outdoors. Some people are getting in before the earnings. Perhaps manipulation from large institutions.
My gf is chinese and she tells me how Tesla is becoming EXTREMELY popular in china. Tsla is the future. Not only do they make the greatest car but their batteries and solar energy is revolutionary. Everyone will need this in the future. Can you imagine all gas stations in the future..... i mean tsla stations! Get my point?
Quote: WatchMeWinUnless one is very involved in the market, it is prudent to do what you are doing. Just do your research, make your decision on which companies to buy, and just hold and try not to get emotional either way. Just let it do its thing. Its probably even better not to look too often.. lol
So, you ask Why is it up 10% today? Many reasons. Still lots of liquidity in the market and people have free money from the gov to play with. Interests rates are not going down anytime soon. People need a place to put their money now that casinos are fu$$ and we can't spend outdoors. Some people are getting in before the earnings. Perhaps manipulation from large institutions.
My gf is chinese and she tells me how Tesla is becoming EXTREMELY popular in china. Tsla is the future. Not only do they make the greatest car but their batteries and solar energy is revolutionary. Everyone will need this in the future. Can you imagine all gas stations in the future..... i mean tsla stations! Get my point?
I meant... interest rates are not going up anytime soon.
Quote: WatchMeWin
So, you ask Why is it up 10% today? Many reasons. Still lots of liquidity in the market and people have free money from the gov to play with. Interests rates are not going down anytime soon. People need a place to put their money now that casinos are fu$$ and we can't spend outdoors. Some people are getting in before the earnings. Perhaps manipulation from large institutions.
I asked it slightly differently. I asked why is the company worth 10% more today than it was yesterday?
There was just as much liquidity in the market yesterday as there was today.
People have just as much free money from the government to play with yesterday as there was today.
They could have gotten in before earnings yesterday, or the day before, or the day before.
As far as manipulation from large institutions, not discounting it, but if these large institutions can manipulate a 10% gain, why don't they do it repeatedly? Did it go from 200 to 220 because of them? Then from 220 to 242? Then 242 to 266? etc...?
I look at it this way..... If it is priced at $1650 today, and was $1500 yesterday, on one of the days everyone was flat out wrong. Because not much has changed from yesterday to today!
Quote: SOOPOOI asked it slightly differently. I asked why is the company worth 10% more today than it was yesterday?
There was just as much liquidity in the market yesterday as there was today.
People have just as much free money from the government to play with yesterday as there was today.
They could have gotten in before earnings yesterday, or the day before, or the day before.
As far as manipulation from large institutions, not discounting it, but if these large institutions can manipulate a 10% gain, why don't they do it repeatedly? Did it go from 200 to 220 because of them? Then from 220 to 242? Then 242 to 266? etc...?
I look at it this way..... If it is priced at $1650 today, and was $1500 yesterday, on one of the days everyone was flat out wrong. Because not much has changed from yesterday to today!
This is the market. Rome was not built in a day. A company value / stock does not go to its apex in one day. It takes time to get there. It may go up many days, then come back a couple, then go up more, and back , etc, etc.... but the long term thesis is where do you believe the company is going in the future. That is the bet. Some people are getting in now that didn't believe before. Some people may have moved money out of another stock and put into tsla... there are soooo many variables. If you are trying to pinpoint the daily reasons for value, you are overthinking. Stocks trade on multiples... this is future belief... not current actual sales/profit. Look at amazon... I heard people saying the same things about them when they were at 200. Its about the future!
Quote: SOOPOO
I look at it this way..... If it is priced at $1650 today, and was $1500 yesterday, on one of the days everyone was flat out wrong. Because not much has changed from yesterday to today!
Or news is leaking out about their earnings disclosure tomorrow.
But I digress. Yesterday there were more sellers at the 1500 mark as people took profits. Today there are less people looking to sell so buyers are paying a premium.
I love Tesla, I love their cars, I think Elon Musk may well be the next George Westinghouse but I've zero confidence this run continues. I'll buy back in when it's under $400.
movement as in a drop in price?Quote: WatchMeWinSoopoo, Additionally, it would not be a bad idea to hedge yourself going into earnings report on wed. Even though I am a bull of the stock long term, it certainly has run up quite a bit in a very short period of time. You can either buy puts against your position.. you can also sell calls. There will be movement on Wed.. that is a given.
The options prices are staggering. It is a good stock to play the options game in selling the options either way. They are pricing the options over 600 bucks in movement... close to 30%. That is nuts! Basically, the big boys who write the options are going to make alot of money on wed. Unless the stock moves over 500 either way, they can make money writing either the puts or calls. I personally think I will sell some calls.
Quote: 100xOddsmovement as in a drop in price?
No, movement means the stock will have strong movement either up or down. The options prices are absolutely outrageous! The puts hare priced at nearly 700 movement to the downside at 960 , and the calls are priced to nearly 1500 movement to the upside at 3200. This is absolutely nuts... the market makers feel there will be strong upside this week. Maybe there are some leaks out there.
That being said, I dont see the stock moving up 1500 by the end of the week, nor do I see it moving down 600 by end of week. Anything short of those two scenarios and the options , either puts or calls, will essentially go worthless.
Perhaps more telling is up 5% since Jan 1. I still don't comprehend how companies are valued at MORE today than when the economy was flying high before the pandemic. I can understand some individual stocks that would benefit from COVID-19 stuff (AMZN, MRNA, W,....) but the overall market? I understand that the Feds have propped the market up.... but I figured that would be enough to pare losses, not enable big gains....
We will see what happens with TSLA after the market closes today when they announce their meager earnings.... If they are less meager than expected... TSLA 2000? If they are more meager than expected.... TSLA 800?
Quote: SOOPOO
We will see what happens with TSLA after the market closes today when they announce their meager earnings.... If they are less meager than expected... TSLA 2000? If they are more meager than expected.... TSLA 800?
Seeing as how ridiculously that stock is acting I wouldn't be surprised if it went up on news worse than expected.
He just earned a two billion dollar bonus based on the stock price. That is quite an incentive.
Quote: billryanPeople have long accused Elon Musk of cooking the books at Tesla. Many seem to think he will take his place in infamy like Ponzi.
He just earned a two billion dollar bonus based on the stock price. That is quite an incentive.
Sort of... The company paid him NO bonus. they allowed him to buy shares at a previously agreed upon price. When exercised, in theory the stock price should go down to reflect the dilution... Don't hold your breath.
For whatever it is worth, stock options really are the best way to compensate the highly priced CEOs. Stock is trading at $100. Mr.CEO, your salary is a paltry $500k a year. But you also get 1 million options to buy stock at $110 per share a year from today. If stock is at $120, you've done a good job, and you get options worth $10 million. If stock still at $100, you have to live on your $500k.
Quote: SOOPOOSort of... The company paid him NO bonus. they allowed him to buy shares at a previously agreed upon price. When exercised, in theory the stock price should go down to reflect the dilution... Don't hold your breath.
For whatever it is worth, stock options really are the best way to compensate the highly priced CEOs. Stock is trading at $100. Mr.CEO, your salary is a paltry $500k a year. But you also get 1 million options to buy stock at $110 per share a year from today. If stock is at $120, you've done a good job, and you get options worth $10 million. If stock still at $100, you have to live on your $500k.
This is why so many companies are hurting. CEOs have their compensation based on the next quarter's results. It makes it far too easy to concentrate on that quarter and ignore the long term. Why use money on R&D when a dividend increase will help the stock price and boost your income.
Quote: billryanThis is why so many companies are hurting. CEOs have their compensation based on the next quarter's results. It makes it far too easy to concentrate on that quarter and ignore the long term. Why use money on R&D when a dividend increase will help the stock price and boost your income.
i don't know that to be true. Take Amazon... they had years of dismal quarters, but the stock kept going up because of the long term vision.... The CEO would have benefited despite bad quarter after bad quarter. And you often have companies that announce good results but provide 'guidance' that the next year might not be as good. And the stock tanks. And you know a bunch of the top companies pay NO dividend (TSLA, BRK, FB?, AMZN?) but still just keep going up.
Quote: billryanThis is why so many companies are hurting. CEOs have their compensation based on the next quarter's results. It makes it far too easy to concentrate on that quarter and ignore the long term. Why use money on R&D when a dividend increase will help the stock price and boost your income.
That is why most stock option packages vest over many years. I once had a bunch of stock options vesting over 5 years. After many stock splits and dilution my option price was down to $0.03. At one point I could have exercised them for about a $500,000 profit. Sadly, I wasn't smart enough to exercise any of them and the company went bankrupt.
Quote: billryanYou can cherry pick companies all you want. Notice how every company you picked is a new tech company, besides Berkshire which is more of a mutual fund than a company.
Cherry picking isn’t the problem. Stock based compensation is naturally tied to stock performance which is tied to the market’s perception of overall value which is tied to long term projections.
What will the stock do now?
Quote: DRichTesla just hit a home run. Earnings of $2.18 a share when expectations were $0.03 a share.
What will the stock do now?
Up around 5% since 'closing'. Apparently TSLA will now 'qualify' to be included in the S & P 500. This means that hundreds of ETFs and Mutual Funds will need to buy it to be included in the funds. It is a reason it will probably go up even more as soon as it is made official. They must buy no matter what the price!
As far as the options goes, selling the calls or the puts was an absolute NO BRAINER! You made money either way. It was ridiculous how expensive the options were. MM's made an easy killing on them.
Quote: WatchMeWinNo need to question this stock anymore...
Why not? Tesla still hasn't made a dime selling cars.
They resorted to selling bs carbon tax credits to rivals in order to manufacture a profit for the quarter.
"In 2019, Tesla generated $594 million in revenue by selling these highly profitable tax credits. In the first half of 2020, Tesla tax credit revenues amounted to $782 million. For the second quarter, selling tax credits enabled Tesla to “eke out a $104 million profit,” the Journal wrote."
Morningstar concluded that Tesla would have lost money without the tax credits. According to its analyst David Whiston, “We calculate Tesla had a pretax loss of $278 million excluding $428 million of regulatory credit revenue.”
Quote: TankoWhy not? Tesla still hasn't made a dime selling cars.
They resorted to selling bs carbon tax credits to rivals in order to manufacture a profit for the quarter.
"In 2019, Tesla generated $594 million in revenue by selling these highly profitable tax credits. In the first half of 2020, Tesla tax credit revenues amounted to $782 million. For the second quarter, selling tax credits enabled Tesla to “eke out a $104 million profit,” the Journal wrote."
Morningstar concluded that Tesla would have lost money without the tax credits. According to its analyst David Whiston, “We calculate Tesla had a pretax loss of $278 million excluding $428 million of regulatory credit revenue.”
They are a renewable energy company first, car company second. They are changing the world. Those who have been bearings all along have been wrong all along. I believe in their future in scale. Here is a very good article which will give you more insight.
https://www.fool.com/investing/2020/03/06/11-reasons-to-buy-tesla-and-never-sell.aspx
Quote: WatchMeWinQuote: TankoWhy not? Tesla still hasn't made a dime selling cars.
They resorted to selling bs carbon tax credits to rivals in order to manufacture a profit for the quarter.
"In 2019, Tesla generated $594 million in revenue by selling these highly profitable tax credits. In the first half of 2020, Tesla tax credit revenues amounted to $782 million. For the second quarter, selling tax credits enabled Tesla to “eke out a $104 million profit,” the Journal wrote."
Morningstar concluded that Tesla would have lost money without the tax credits. According to its analyst David Whiston, “We calculate Tesla had a pretax loss of $278 million excluding $428 million of regulatory credit revenue.”
They are a renewable energy company first, car company second. They are changing the world. Those who have been bearings all along have been wrong all along. I believe in their future in scale. Here is a very good article which will give you more insight.
https://www.fool.com/investing/2020/03/06/11-reasons-to-buy-tesla-and-never-sell.aspx
Better yet.. if the options in TSLA continue to be as outrageous as they were this week, then just sell the calls or puts and you will take in premiums like never before and make easy profits! Its actually a joke what the MM are doing.
Quote: billryanI 'd call it a technology company rather than an automaker.
A technology company whose profit source is selling carbon credits.
Quote: WatchMeWinThey are a renewable energy company first, car company second. They are changing the world. Those who have been bearings all along have been wrong all along. I believe in their future in scale. Here is a very good article which will give you more insight.
https://www.fool.com/investing/2020/03/06/11-reasons-to-buy-tesla-and-never-sell.aspx
Odd bunch at Motley Fool. First they publish “11 reasons to buy and never sell Tesla, then two weeks later they publish How Covid could bankrupt Tesla.
Quote: TankoOdd bunch at Motley Fool. First they publish “11 reasons to buy and never sell Tesla, then two weeks later they publish How Covid could bankrupt Tesla.
You'll see this frequently. I think that many of the writers are independent, so opinions will vary.
I've seen an article on one day that's praising the company and 24 hours later someone else is bashing it.
Quote: HullabalooQuote: TankoOdd bunch at Motley Fool. First they publish “11 reasons to buy and never sell Tesla, then two weeks later they publish How Covid could bankrupt Tesla.
You'll see this frequently. I think that many of the writers are independent, so opinions will vary.
I've seen an article on one day that's praising the company and 24 hours later someone else is bashing it.
correctamundo!
Quote: SOOPOOAt all time high now. Up 79% from inception. Have around $20k in cash in the account, so..... asking the forum for a recommendation! I have so many individual stocks already it might be hard to suggest a new one... but I'm all ears....
I just bought some Citibank for a long term investment. Their balance sheet looks pretty good and they are diversified some with their investment banking and investment divisions.
Quote: SOOPOOAt all time high now. Up 79% from inception. Have around $20k in cash in the account, so..... asking the forum for a recommendation! I have so many individual stocks already it might be hard to suggest a new one... but I'm all ears....
We should be asking you for some picks not the other way around.
Quote: vegasWe should be asking you for some picks not the other way around.
Exactly!!
Maybe some SGOL.
It’s an ETF, physically backed by gold. Like the dollar once was. Not a mining stock. Each share trades at 1/100th the spot price for gold. +18.93 since start of year. 0.17% exp. ratio.
Quote: SOOPOOAt all time high now. Up 79% from inception. Have around $20k in cash in the account, so..... asking the forum for a recommendation! I have so many individual stocks already it might be hard to suggest a new one... but I'm all ears....
Before I recommend a stock or two to you, I would have to ask what your objective is and what is your risk tolerance? Do you want a safe stock that will give you a yearly 10% return or do you want to take a little more risk and buy a stock that has potential to make 100-1000% return within 6 months? Or somewhere in between? Obviously, you may be saying, well I dont want to lose money or throw it away with a home run swing... understood, but that is not what we are dealing with here with my knowledge and picks.
Quote: WatchMeWinBefore I recommend a stock or two to you, I would have to ask what your objective is and what is your risk tolerance? Do you want a safe stock that will give you a yearly 10% return or do you want to take a little more risk and buy a stock that has potential to make 100-1000% return within 6 months? Or somewhere in between? Obviously, you may be saying, well I dont want to lose money or throw it away with a home run swing... understood, but that is not what we are dealing with here with my knowledge and picks.
If I'm asking strangers on the internet for a pick, you must surmise my risk tolerance is high! But if you can give me a 'safe' stock that will give me 10% a year I'd take that. I don't believe such a stock exists, by the way. If it will easily make 10% a year...then it is not valued appropriately today.
For the two previous suggestions... I already own Citibank, and have done horribly in it! Probably my value is 20% of what I paid.....
I also own a gold stock (RING) which has about doubled from my purchase date.
So WMW.... I may split and buy both your suggestions.... The safe 10%er.... and the risky one that may double or go bust. So what are these two equities?
Quote: SOOPOO
For the two previous suggestions... I already own Citibank, and have done horribly in it! Probably my value is 20% of what I paid.....
I also own a gold stock (RING) which has about doubled from my purchase date.
Bank stocks among others have had a horrible year. I just liked Citi because their book value is currently quite a bit higher than the stock price. As I mentioned earlier, I am generally terrible at picking stocks.
