The Rokslide Stock Traders Thread

[Crowmangler]

My kids have some money in their accts at our FCU that are maturing next month. Nothing crazy but I'd like to move them to something stable yet earning more than the 1.99%...... What fund would you target for long term?

If I were investing for a child I'd just put it in a low fee aggressive growth fund. They'll have a long time before they need it & time to ride the ups & downs.
I started a 529 for my boys when they were born along with modest yearly contributions. Went through all the mini crashes & basically have enough to cover their entire tuition for 4 years as of now.

 

[WaWox]

My kids have some money in their accts at our FCU that are maturing next month. Nothing crazy but I'd like to move them to something stable yet earning more than the 1.99%...... What fund would you target for long term?

+1 to the suggestion of going into a broad based 100% equity fund.

VTI would be the most natural option to me (total US stock market etf)

If you want to micromanage:
1. Put the money into UTMA accounts in their name
2. Every year, sell VTI and repurchase VTI immediately afterwards to realize up to 2500 in capital gains .

Why? Because the first 1250 are tax free and the next 1250 face minimal taxes only. So that way you give your kids a higher cost basis than they'd otherwise face when they receive the funds -> reduced cap gains for when they want to use the money

If you don't want to micromanage and see no way they won't go to college or similar things: put it into a 529 [which plan depends on where you live ... Pennsylvania it should be the PA plan and get the state tax credit, for example. For most states you should use the fidelity usa-wide plan though]

 

[Beendare]

FIG priced at $25, opened at $85, then went up as high as $120 I think....currently at $112.

Is AEO- American Eagle outfitters going to be the next meme stock Reddit pushes? It went from $10 to $12 backing off right now.

Personally, I'm glad I don't mess around with these sub par names. Look at META today- up 12% at one point. I posted here that I loaded up on it back in April just under $600 doubling my already big position. You could have bought that all day long under $600. Up 30% since April.

 

[HuntHarder]

All the institutions made out like bandits on FIG Ipo. Typical. I missed my limit order shockingly as I was almost 3x the offering price. Oh well.

 

[SWFLhntr]

MSTY div just a $1.18 but we’ll see what the 2nd August dividend brings us. Onward.

 

[MountainTracker]

Not sure if anyone saw the MSTR earnings report but yeah…… pretty crazy.

They are going to offer a preferred equity product, STRC. Need to do some research on it.


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[stevewes2004]

Not sure if anyone saw the MSTR earnings report but yeah…… pretty crazy.

They are going to offer a preferred equity product, STRC. Need to do some research on it.


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Yeah not much reaction because it was known already. Biggest announcement from their earnings call is no more ATM until mNav hits 2.5!

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[eddielasvegas]

Spank city for the major indices today.

ABBV and ENB have made this a good day.


Eddie

 

[Beendare]

Interesting stat;
NVDA now makes up 8% of the S&P index

 

[Danny Hoey]

CONY, MSTY and AMZN all rocked me today.

 

[MountainTracker]

PLTR just received a $10 billion dollar gov contract.


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[Poser]

job report: brutal.

 

[Beendare]

job report: brutal.

Markets- Cmon, no one here really thought this stuff was going to go straight up.

The stuff I'm watching is stocks like AMZN. Hammered yesterday.....and if you look, every single metric in that company was up. The reason for the dump; their growth is slowing.

Personally I think the slowing growth reflects businesses apprehension about tariffs and Amazon is at the forefront of that. It makes sense they are affected- for now.

I think Amazon is going to continue to be a monster taking over more and more retail. Many times, the only outfit cheaper is Walmart. The TV I ordered from them was $600 cheaper than Costco. Razor blades are cheaper than CVS. The only thing that will stop AMZN is antitrust.

 

[HuntHarder]

Let's keep this thread, stock market related guys...

 

[fngTony]

If you’re making a political comment keep it directly related to the stock market and don’t make anything personal towards each other.

 

[NDGuy]

 

[dogman11]

Anyone have any copper stocks that are US based operators besides the big guys that might be a good play on the copper market?

 

[HuntHarder]

LYSDY doing good for me. Another rare earth mineral company. Lower priced option vs. MP. Who knows, maybe the USA will buy this company too .

 

[grfox92]

Just sold 3 shares of VGT at $688. I bought it at $206. Did I do good?

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[HuntHarder]

Just sold 3 shares of VGT at $688. I bought it at $206. Did I do good?

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No one ever went broke taking profits. Was that like a 6-8 year hold?