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.


Sent from my iPhone using Tapatalk

 

[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.


Sent from my iPhone using Tapatalk

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

Sent from my iPhone using Tapatalk

 

[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.


Sent from my iPhone using Tapatalk

 

[Poser]

job report: brutal.

 

[007hunter]

job report: brutal.

So Trump fires the statistician. Cuz, ya know, those job numbers were fake and this economy is booming!

 

[Beendare]

job report: brutal.

Trump had to fire that idiot. We have to have accurate- not politicized numbers.
If you go back and look at the BLS reporting for the last few years it's a joke, its was he who was playing politics. Hopefully Trump get a legit guy in there -like Bessent who is doing a great job.

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.

 

[sasquatch]

So Trump fires the statistician. Cuz, ya know, those job numbers were fake and this economy is booming!

They have been reporting Job numbers that were 60-80% off once revised.

They’ve been doing nothing more than purely guessing


Sent from my iPhone using Tapatalk

 

[eddielasvegas]

"Figures don't lie, bt lairs do figures." is every single stat released by the gubment for decades, but especially for the last five years.

We all know it. I doubt it will get any better with the new person, but I can guarantee you the lies would have continued with the old person so fire them and put a new person in there.

It literally cannot hurt.


Eddie