The Rokslide Stock Traders Thread

[Jmort1754]

As far as overtime goes.

Once I hit 48 hours the reward doesn't outweigh the BS.

 

[signing off]

I'm a different breed than the general population. The group here will relate.
As the annual company bonus was coming due, I maxed my 401k while others were turning theirs off. And adjusting tax withholding to zero also!!!
Broke azz people just HAD to have it in their pocket.

 

[Throwin Darts]

So many older guys at work complain about working too much overtime as it all goes to taxes. I try and explain taxes to them every time, but it's like talking to someone that is unwilling to comprehend anything other than what they "know."

A friend of mine turned down a small raise “because I didn’t want to jump into a higher tax bracket”. I just shook my head


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[fmyth]

VOO
VGT
AAPL
GOOGL

Some that I may hold until I retire or sell
FBTC
MSTR
PSX
MPW

My Roth is 92% FBTC and 8% MSTY.

 

[MountainTracker]

My Roth is 92% FBTC and 8% MSTY.

Wish I could do that. I’m in BTCFX, which I saw really good gains last year and the same so far this year.


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[fmyth]

What’s the plan for those of you guys holding MSTY? I recently opened an individual fidelity account and put some money into a couple stocks mentioned here and just curious the plan of those with MSTY.

I am effectively retired with no pension, too young for SS and can't access my IRA for 2 1/2 years. I had enough cash set aside to make it. I decided to invest 1/3 of that cash in MSTY. The projected dividend that is paid out 13 times a year will cover my monthly living expenses.

 

[stevewes2004]

I am effectively retired with no pension, too young for SS and can't access my IRA for 2 1/2 years. I had enough cash set aside to make it. I decided to invest 1/3 of that cash in MSTY. The projected dividend that is paid out 13 times a year will cover my monthly living expenses.

Way to go


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[CorbLand]

My Roth is 92% FBTC and 8% MSTY.

My Trad is heavy MSTR and FBTC.

 

[Baddog]

When I look at stuff like msty I don’t understand how to read what the projected dividend is. Can someone explain this part to me?

 

[fmyth]

When I look at stuff like msty I don’t understand how to read what the projected dividend is. Can someone explain this part to me?

I look at what has been paid out over the last 11 months and calculate the average.

MSTY - YieldMax

www.yieldmaxetfs.com

 

[fmyth]

When I look at stuff like msty I don’t understand how to read what the projected dividend is. Can someone explain this part to me?

It's paid out like a dividend but technically it's a distribution. It is taxed like a short term dividend which means that it is taxed as income. The stock price of MSTR is very volatile which makes it particularly attractive to options traders. The fund managers of MSTY are trading options on MSTR stock. They keep .99% of the rev and distribute the remainder to shareholders 13 times a year. A portion of these distributions is a return of your principle investment and part is your share of the profit from the option trading profits. Roughly 1/2 of the payment you receive is considered taxable income and the remainder is a return of your investment and non taxable. On a 45k investment I expect to receive approx 45k over the next year (13 distributions). This will equal a 100% return on my investment in the first year. I will pay income taxes on the portion of this that was not a return of my original investment. This is an extremely risky investment and is not appropriate for most people.

 

[BigDog00]

So, lets say I have say 100 shares of MSTY. For Jan. it looks like the distribution was $2.279/share. So, for January I'd get a $227.9 distribution/dividend and I'd be taxed a portion of this? And each month it basically mirrors what MSTR does (which mirrors BTC??). Is this right?

 

[eddielasvegas]

MSTY is an infant at only 11 months old and @fmyth is right in that it is very risky and not for most people.

OTOH, if you have some throw away money and want to play the MSTR/BTC game, this is a way to do so.

I'm not nearly smart enough to understand options (or annuties for that matter) so I stay away from both, but maybe the MSTY folks know how to play the options game. It seems they have played well so far, but time will tell.

Good luck,

Eddie


P.S. I need to look at the fees that the MSTY FM collected in the last year. I'll bet it's a stupid amount of money.

P.P.S. @BigDog00 : Loosely, I'd say yes to your question but since MSTY is tied to options (and if those traders make the right guess) then maybe you make money even if BTC tanks. My guess is @fmyth is way more familair with this so maybe s/he can comment.

 

[jbosk15808]

Another food for thought is XDTE. Same principle as MSTY utilizing covered calls to make money on the volatilty of an underlying except the underlying is the SP500 index and it pays weekly. I'm in both MSTY and XDTE among other stocks to help cash flow the month

 

[Wrangler13]

If high schools made all kids take a class in how taxes, 401ks/ira and the stock market worked they would be better off. Most of the 20 year olds at work don’t even know how to write a check. I wish I had been better educated at that age, I’d have a lot more money.

 

[stevewes2004]

If high schools made all kids take a class in how taxes, 401ks/ira and the stock market worked they would be better off. Most of the 20 year olds at work don’t even know how to write a check. I wish I had been better educated at that age, I’d have a lot more money.

That’s a fact. I’m 38, my parents never taught me about the stock market. Had to learn as I go.

Last year I made my son (15) use some of his birthday/Christmas money to open a fidelity account and buy stocks, which was only like $50, but it wasn’t about the money, but about the lesson. We picked AAPL, PLTR, NVDA, and PR. He’s up 80% lol


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[knale87]

If high schools made all kids take a class in how taxes, 401ks/ira and the stock market worked they would be better off. Most of the 20 year olds at work don’t even know how to write a check. I wish I had been better educated at that age, I’d have a lot more money.

I think this is a good idea but, in high school, I wouldn’t have paid attention to any of that.

 

[sasquatch]

Eff OT, I’ve been forced to work far too much to ever want it.

2 things,

If you NEED it, you need to find a way to make more or spend less

No matter how much you make, you’ll never be able to buy yesterday.

When you work 1.5-2 years of hours in a single year, for a few years in a row, it’s plain ridiculous unless you just WANT to do it for some reason. Time passes by too fast and we don’t have as long as we think usually.

Now, working OT to invest and retire earlier is one thing. Needing OT because you outlive your means is plain dumb.


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[Rotnguns]

A friend of mine turned down a small raise “because I didn’t want to jump into a higher tax bracket”. I just shook my head


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I worked with someone years ago who did the very same thing. So many analytically-challenged people out there. I've tried to explain how a progressive tax structure works but I guess I'm not very good at it.

 

[SWFLhntr]

Seems like MSTY would be a good pick to have in a Roth considering much of the dividend is taxed as income?