The Rokslide Stock Traders Thread

[MuleyFever]

I read China raised their tariff on US goods to 125%.

 

[mountainman406]

I read China raised their tariff on US goods to 125%.

Yup, and U.S. raised to 145% on Chinese goods...who will blink first?

 

[HuntHarder]

Wild game of chicken going on.

 

[cowdisciple]

Wild game of chicken going on.

It really is. At this level of tariffs on the China side, the US export market to China is pretty much dead.

I guess the concern is what happens if China starts selling their near trillion dollars of US Treasuries.

 

[MuleyFever]

It really is. At this level of tariffs on the China side, the US export market to China is pretty much dead.

I dont see any market reaction either. Guess its baked in to the craziness already.

 

[TaperPin]

Larry Fink CEO of Blackrock thinks we either have already entered a recession or are about to. Pulling China out of the supply chain without a replacement will start tanking businesses that operate on slim margins and have relied on these imports. Inventory that can’t be sourced profitably from other sources will start to dry up in a few months, with some retailers having prepurchased inventory to last through the Christmas season at most.

Realtors are talking about a sudden slowdown in new home inquiries this week.

Consumer sentiment index fell from 57 in March to 50.8 this month.

The actual impact on jobs and prices should be obvious in the next few months.

Apple chartered 4 jumbo jets to pull as many iPhones out of China as they could before the tariffs.

There’s plenty of risk that hasn’t been priced in yet if a recession and the bottom is yet to come.

 

[go_deep]

I have an area saved on realtor.com and just randomly watch the new home and multi family listings. Precovid there was around 300+ active listings, today there is 503 active listings. That number has gone up significantly over the last 6 months.

If your looking to buy and not in a rush, take your time and don't be afraid to negotiate.

 

[JustABritCrazy]

I’ve been lurking here trying to figure this trading stuff out. I gave my 401 portfolio to a finance firm to manage, but am thinking of maybe diving into the market with some extra money on my own. That said I’m not going to do anything in the current environment. I’ve got a thousand questions on how this all works. First off my mother died last month and my father decided he want to sell their joint stock. He had to get a medallion to do that. It was around 1200 shares of a bank stock. Do all you guys need to do that with all these transactions you are discussing or is there some type of limit that triggers this

 

[mostlybirch]

I’ve been lurking here trying to figure this trading stuff out. I gave my 401 portfolio to a finance firm to manage, but am thinking of maybe diving into the market with some extra money on my own. That said I’m not going to do anything in the current environment. I’ve got a thousand questions on how this all works. First off my mother died last month and my father decided he want to sell their joint stock. He had to get a medallion to do that. It was around 1200 shares of a bank stock. Do all you guys need to do that with all these transactions you are discussing or is there some type of limit that triggers this

Frequently trading stocks, especially right now, is practically gambling at the casino. Since you used the word '401', I would strongly suggest starting here ( https://www.bogleheads.org/wiki/Bogleheads®_investing_start-up_kit ) and look into a 3-fund portfolio for your retirement. . What is your firm charging you in management fees? Those fees will compound over time and can be a considerable chunk of your retirement. Decide on your risk appetite, time until retirement, and set your asset allocation in stocks (US vs international) and bonds. Choose some index funds with low fees and let it ride. Statistically, you will never beat the market long term.

edit: I see you are talking about money outside your retirement. disregard my rant. still, I hate to see retirement money lost on overly active management and associated fees.

 

[cowdisciple]

Frequently trading stocks, especially right now, is practically gambling at the casino. Since you used the word '401', I would strongly suggest starting here ( https://www.bogleheads.org/wiki/Bogleheads®_investing_start-up_kit ) and look into a 3-fund portfolio for your retirement. . What is your firm charging you in management fees? Those fees will compound over time and can be a considerable chunk of your retirement. Decide on your risk appetite, time until retirement, and set your asset allocation in stocks (US vs international) and bonds. Choose some index funds with low fees and let it ride. Statistically, you will never beat the market long term.

edit: I see you are talking about money outside your retirement. disregard my rant. still, I hate to see retirement money lost on overly active management and associated fees.

3-fund passive portfolio is the Rokslide special of personal finance! Great for beginners and after you really know a lot there still isn't a compelling reason to do anything very differently.

 

[JustABritCrazy]

Been retired for 3 years. Financial firm is charging 1% per year. to manage the money. The money is in a bunch of different things. I also understand it’s costing me money, but I also understand they will do a far better job of growing it than I will capable of doing. As I have a pension I haven’t touched the 401 and am letting it ride. Understand the market is basically like putting money on black on the roulette wheel. I’m basically thinking of taking some extra money and seeing if I can grow it. Figure it’s a little more likely than betting on football games. Also understand I have the potential to easily lose whatever I put in. Being cheap and conservative I’m trying to do my homework before I dive in.

 

[cowdisciple]

If they're charging you 1% of managed assets you could almost certainly do better yourself with a very simple passive index approach (probably the best case scenario is that they are doing pretty much this on your behalf and just colleting an extra 0.95% fee)

You could try it out with your fun money. Just depends if you have the time/interest to learn enough to be comfortable doing it yourself.

 

[cowdisciple]

Speaking of which, anybody planning to do any tax loss harvesting soon?

 

[JustABritCrazy]

Some of what I’m trying to get a handle on. Looks like the regulars on here are playing the market daily. I have no interest in gettting in that deep. Some of the big unknowns are minimum amounts, registration requirements and things like that medallion my dad had to get. Had a finance class in college, but that was 40+ years ago and I’m sure just about everything has changed.

 

[Beendare]

Semis will be blowing up- tariff on Chips and Computers was lifted.....

 

[SWFLhntr]

I’ve been lurking here trying to figure this trading stuff out. I gave my 401 portfolio to a finance firm to manage, but am thinking of maybe diving into the market with some extra money on my own. That said I’m not going to do anything in the current environment. I’ve got a thousand questions on how this all works. First off my mother died last month and my father decided he want to sell their joint stock. He had to get a medallion to do that. It was around 1200 shares of a bank stock. Do all you guys need to do that with all these transactions you are discussing or is there some type of limit that triggers this

Everyone else here is smarter than me on this stuff but if you are going to put some “fun” money in and you don’t need it until your 59-1/2 I would recommend a Vanguard Roth or any other Roth. Might as well take advantage if the no tax growth of a Roth imo.

If you are really young and/or might need the money that changes things.

 

[Johnny Tyndall]

I’ve been lurking here trying to figure this trading stuff out. I gave my 401 portfolio to a finance firm to manage, but am thinking of maybe diving into the market with some extra money on my own. That said I’m not going to do anything in the current environment. I’ve got a thousand questions on how this all works. First off my mother died last month and my father decided he want to sell their joint stock. He had to get a medallion to do that. It was around 1200 shares of a bank stock. Do all you guys need to do that with all these transactions you are discussing or is there some type of limit that triggers this

Third the recommendation for bogleheads.org (getting started). This is a trading thread, which is a good time, but if you are just getting started you should really get your money into a simple 3-fund portfolio. Or even a a cheap target date 1-fund. Paying someone to do that for you has a huge negative impact on your returns over time. Like, a 1% regular fee can cut your retirement portfolio in half by the end of it.

To your question, you can set up a trading account on your phone. Robinhood's whole thing was to make a sophisticated trading interface that basically looks like a game. Medallian guarantees pop up some times as a fraud prevention measure, but there are plenty of brokers that prioritize ease of access over fraud prevention.

Edited to make the point more strongly. You do not need to know how to trade at all--to understand what the guys in this thread are doing and how--in order to manage your own finances and retirement. In fact, most people are better off if they don't trade and just stick to the basics.

 

[MountainTracker]

Sol on the move, low a couple of days ago of $95, at $131 up almost 9% today, ATH two months ago $295.

ETFs coming soon.


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[Andrew12gauge]

Some of what I’m trying to get a handle on. Looks like the regulars on here are playing the market daily. I have no interest in gettting in that deep. Some of the big unknowns are minimum amounts, registration requirements and things like that medallion my dad had to get. Had a finance class in college, but that was 40+ years ago and I’m sure just about everything has changed.

The whole stock market has changed in the last 10 years. Lots of brokerages you can buy with no minimums, you do obviously have to register your account and verify you are who you say you are. I don’t have any idea what would be meant by needing a medallion to sell stock.

Robinhood was brought up here in this thread in response to your questions a few posts back. You could sign up today and probably be approved for trading by Monday. Deposit a few bucks and play around with it. Easy to buy and sell on there. The nice thing is like I said no minimums, you can even buy partial shares these days, example Costco is $960/share as of this moment. If you only have $100 you wanted to invest in Costco you can still buy $100 worth of Costco you’ll just have .104 “shares”.


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[TaperPin]

Just beginning to hear more talk about Taiwan being more at risk if China is cutoff from US markets for the long term since there is less for them to lose and more to gain. Talk within China is not what the administration was hoping for. Taiwan won’t get much help from us if a lack of other foreign assistance is any indication. So what will the market do if bonds get cashed out followed by a move onto Taiwan?