The Rokslide Stock Traders Thread

[grfox92]

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

Correct. I bought it I believe in 2018 and havent touched it

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[stalkingwolf]

I just mirror Nancy Pelosi's buys and I never lose

 

[Jdhunttrapfish]

Correct. I bought it I believe in 2018 and havent touched it

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What made you sell? Just taking some profits along the way? Curious to yours and others thoughts mid to long term on VGT.

 

[grfox92]

What made you sell? Just taking some profits along the way? Curious to yours and others thoughts mid to long term on VGT.

I sold for personal reasons. Nothing to do with the market. I needed some money for some stuff and I've done so we'll with VGT as a long term hold I figured why not.

Im the wrong person to take stock advise from, other guys here are more qualified, but i bought VGT years ago to diversify my portfolio and me and my wife joke how wewish I had dumped our life savings into it. Its done well for us.

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[HuntHarder]

FIG fell from grace today as expected.

 

[Pharmseller]

NVDA had a good day.

PLTR had a good day. Even better AH.

Let’s see what tomorrow brings.



P

 

[Pharmseller]

NVDA down a buck and change, surprising.

PLTR up almost $14.

No complaints.




P

 

[Beendare]

I sold for personal reasons. Nothing to do with the market. I needed some money for some stuff and I've done so we'll with VGT as a long term hold I figured why not.

If you needed money, you pay the tax and move on.

I think that we will continue to use more and more tech in years to come. I think it's a great strategy to Dollar cost average into QTEC and VGT. QTEC is less concentrated so I tell my nieces and nephews to do a blend of those 2 along with VOO.

 

[grfox92]

If you needed money, you pay the tax and move on.

I think that we will continue to use more and more tech in years to come. I think it's a great strategy to Dollar cost average into QTEC and VGT. QTEC is less concentrated so I tell my nieces and nephews to do a blend of those 2 along with VOO.

Yea, I bought a truck in cash out of savings, then my daughter had some unexpected dental work needed, then I tore my meniscus, needed surgery and didn't work for a full month, this all happened in about a month and a half time period. Needless to say the savings account was shrinking at an alarming rate.

Anyway I was looking at VOO recently and will also check out QTEC.

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[ScottRK]

I’ve had some good info from here.

Funny story kind of.I bought into some FSELX a couple years ago.

Had a “hot” tip in 1996 on Fidelity Select Electronics from a buddy of mine that didn’t have a lot of money to spare.


He stopped over and said he looked at the Sunday paper listings and picked the one with the highest percentage increase on a mutual fund for the week or month I don’t remember and put money in.My nephew that was here at the time and I were saying dude it doesn’t work like that!!

I checked the real stock return from 8-1-96 to today and up 2,086%. $10,000>$218,687

He lost anything in a divorce.

 

[Beendare]

And you^ are surprised? Grin. What sector has become more and more of your life over the last 10,20,30years?

Technology; My bet is it will continue to perform well. QTEC and VGT have averaged about 18% a year for a decade. Thats doubling your money about every 4 years. Run the numbers on a 20 year investment.

Back in the 90's we didn't have ETF's....we had mutual funds which are OK but the difference is owning a mutual fund you have to pay tax on the gains from sales every year which chips away at your invested base. In an ETF you pay no tax until you sell.

Then add that ETF's like the ones I mentioned above have very small % management fees.

 

[HuntHarder]

MP and LYSDY getting a little bump. Rare earth miners to watch.

 

[ScottRK]

pay tax on the gains from sales every year which chips away at your invested base. In an ETF you pay no tax until you sell

I did a comparison on the Vanguard website just against the VGT and this is after tax returns based on the highest tax rate.
I think it was started 2002-2004 range -that got clipped off.
Am I missing something else?

 

[Beendare]

Is that some kind of an, “In your face “ post?

I’m not going to check your math, my post was meant to point out the difference between mutual funds and ETFs. You have reinforced my point that a high rate of return and power of compounding is amazing.

All of the tech sector funds and ETFs have done well. VGT has doubled my money 13 times since 2004. Zero taxes paid and a .09% management fee. The Fidelity stuff typically carries. Higher management fees but still good funds. Now I like a blend with QTEC for the diversification.

Typically the stocks in this thread carry much more risk which for me has been 2 steps forward and one step back…..tho I still like to play.

 

[ScottRK]

Nothing to read into it. it just an honest question @Beendare. You mentioned the taxes on gains and the fees and I looked at that comparison and asked the question if there was something I was missing. Trying to learn.
I see the screenshot isn’t showing for me now.

 

[Fowl Play]

Nothing to read into it. it just an honest question @Beendare. You mentioned the taxes on gains and the fees and I looked at that comparison and asked the question if there was something I was missing. Trying to learn.
I see the screenshot isn’t showing for me now.

You can cherry pick ETF’s and Mutual Funds for either argument. What Beendare was saying is that taxes are easier to plan for with an ETF.

That particular Mutual Fund (FSELX) you chose is over 25% Nvidia — which is one reason it has done so well. If the mutual fund itself sells some of those Nvidia shares to rebalance its portfolio, every single person who holds shares of that mutual fund will be liable for capital gains taxes. (Even if you didn’t sell shares of the fund yourself). This does not happen with an ETF. You will only incur taxes when you sell your own shares. You can google the differences to see why, but it boils down to ETF’s can leverage “like kind exchanges” while mutual funds cannot.

Mutual funds also typically cost you more to be a part of. That mutual fund costs you 0.62% (expense ratio) per year, while VGT costs you 0.09%. Not a huge difference in this case, but some more actively managed mutual funds can be pretty expensive — which can chip away at your gains. Some people want actively managed portfolios with people or companies they trust and are willing to pay the higher fees and incur the tax liability that comes with it.

There’s more pros and cons, but google them if you want more detail. But that’s the gist of it.

 

[Beendare]

You can cherry pick ETF’s and Mutual Funds for either argument. What Beendare was saying is that taxes are easier to plan for with an ETF.

That particular Mutual Fund (FSELX) you chose is over 25% Nvidia — which is one reason it has done so well. If the mutual fund itself sells some of those Nvidia shares to rebalance its portfolio, every single person who holds shares of that mutual fund will be liable for capital gains taxes. (Even if you didn’t sell shares of the fund yourself). This does not happen with an ETF. You will only incur taxes when you sell your own shares. You can google the differences to see why, but it boils down to ETF’s can leverage “like kind exchanges” while mutual funds cannot.

Mutual funds also typically cost you more to be a part of. That mutual fund costs you 0.62% (expense ratio) per year, while VGT costs you 0.09%. Not a huge difference in this case, but some more actively managed mutual funds can be pretty expensive — which can chip away at your gains. Some people want actively managed portfolios with people or companies they trust and are willing to pay the higher fees and incur the tax liability that comes with it.

There’s more pros and cons, but google them if you want more detail. But that’s the gist of it.

^ Great explanation.

Good point about checking the concentration, it's no wonder FSELX has done so well. VGT has appx. 35% in 5 stocks- still pretty concentrated where QTEC limits each holding to 3%, more diversified tech with pretty darn good performance.

I suppose thats^ tame by comparison of some stocks we discuss here- grin

I'm not totally stuck on fees but I have seen them hurt my LT performance. What does paying an extra 1/2 of a percent do to your profit when holding 20 years? Now we see why these financial companies have done so well- grin.

 

[Beendare]

JIC someone was following along with my April-ish buy trade of 3,000sh of BTU in the $10.75-$11.06 range

I sold mine today at $18.30.

The reason; I had it in my IRA so no tax....and I'm going to be helping a friend with his Elk tag and hunting for about 3 weeks and did not want to hold over that time- though it should continue to go up as they have an accretive deal to potentially buy some other mines.

I bought it as a trade not a LT hold.

 

[doc holiday13]

True story.. I've never done well with mutual funds. Seems like anytime I buy into a solid fund, its performance tanks and I loose money.

I've had much better luck with ETF's

 

[Ballbearing]

One of my ETF's is ok at 14% - VTI

The other, not so much - SCHD. I bought it several months ago and it has continued to not impress me. It was supposed to be a long term hold and dividends are supposed to be good, but I'm not so sure.

Anyway, I got into this late in life and don't know what I'm doing.

I'm thankful for the information shared here and I continue to learn...and then forget.