The Rokslide Stock Traders Thread

[aftriathlete]

KULR reports tomorrow. Something positive would be awesome. Found out about the announcement this evening and would have considered another purchase but now just wait and see.

Yeah I’ve been riding that one on the way down too, in addition to MSTY. I’m not killing it lately other than the silver lining that I have a lot in cash ready to take advantage of something.

 

[Ucsdryder]

This thread has gotten a little quiet lately.

I haven’t even looked at my portfolio in 2 weeks. Part of me wants to throw money in and part of me wants to put it under my mattress.

 

[LFC911]

This thread has gotten a little quiet lately.

I haven’t even looked at my portfolio in 2 weeks. Part of me wants to throw money in and part of me wants to put it under my mattress.

i sold all of my Google stock yesterday and holding about 30% in cash and bonds. Thinking about selling Apple today.

 

[MountainTracker]

Intuit/turbo tax will be using open AI paying over $100 million a year. I figured the tax people would lose jobs to AI.

Intuit to pay OpenAI over $100 million a year for model access, ChatGPT integrates with TurboTax

Intuit has struck a $100 million-plus annual deal with OpenAI to bring AI into its financial products like TurboTax and QuickBooks.

www.cnbc.com

Rumors Tesla will be starting up robo taxi in Japan. Waymo is there with 24 vehicles.


Sent from my iPhone using Tapatalk

 

[Beendare]

i sold all of my Google stock yesterday and holding about 30% in cash and bonds. Thinking about selling Apple today.

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

I'm looking hard at ANET and will be buying more QTEC but both are going through the readjust of the overpriced AI trade- hard to pick a buy in price.

 

[LFC911]

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

We just fired a CFP and took my wife's portfolio back over from him and put all the funds back in Fidelity. He had like 50-60 individual stocks in her traditional and Roth IRA and only a couple of mutual funds. I'm harvesting some gains and stopping some losses on some of the dogs. The goal is to put most of it back into low cost mutual funds and setting aside some cash if/when the bubble pops.

 

[Idaboy]

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

I'm looking hard at ANET and will be buying more QTEC but both are going through the readjust of the overpriced AI trade- hard to pick a buy in price.

And Goog just got the Buffet Put, or at least that purchase provides some degree of price support, would be rare for Brk to buy anything short term

 

[noisy]

Tech companies who have no vision and or strategy to harness the power of AI will be gone, as they should, companies who have a vision and strategy will thrive. Not a hard concept to grasp. There will be new AOL's and new Meta's..........

You didn't really address the underlying question of AI job losses and their effect on tech companies, or manufacturing or any other business for that matter. Businesses need customers who can afford to buy/use the product. An economy that experiences massive job losses to AI will impinge on that. So for all the AI efficiencies you may achieve in manufacturing, it could end up being a net loss if the overall effect of AI is largescale economic damage.

 

[Extrapale]

Bought some MARA and CLSK today. Seemed like a good entry point.

 

[Poser]

You didn't really address the underlying question of AI job losses and their effect on tech companies, or manufacturing or any other business for that matter. Businesses need customers who can afford to buy/use the product. An economy that experiences massive job losses to AI will impinge on that. So for all the AI efficiencies you may achieve in manufacturing, it could end up being a net loss if the overall effect of AI is largescale economic damage.

Another issue is that by eliminating entry level jobs and replacing them with AI, you're going to also eliminate the middle management jobs that manage the entry level positions. So, with no industry experience, who is going to backfill the senior roles once they start retiring? 10 years down the road, is it going to be straight from college to VP jobs?

 

[Hnthrdr]

Seems like lots and lots of issues with how it will work without 1-shotting society and causing way more problems than it solves….

 

[Poser]

Seems like lots and lots of issues with how it will work without 1-shotting society and causing way more problems than it solves….

You think the elk woods are crowded now, just wait until we're all living off UBI.

 

[MountainTracker]

You didn't really address the underlying question of AI job losses and their effect on tech companies, or manufacturing or any other business for that matter. Businesses need customers who can afford to buy/use the product. An economy that experiences massive job losses to AI will impinge on that. So for all the AI efficiencies you may achieve in manufacturing, it could end up being a net loss if the overall effect of AI is largescale economic damage.

IMO, as jobs get eliminated by AI new ones will emerge which will require using AI in the workspace. Trade positions will increase but will use AI. Example, a home builder may not need to have as many architectural designers bc AI can complete that task more efficiently bc it is more efficient with building codes.

Jobs that are centered around everyday tasks will be eliminated. Companies that don’t embrace AI will suffer. Think of when large companies had big mail rooms to move correspondence all round, slow less efficient. well now there is email, all that manpower, lack of efficiency and space isn’t needed. People lost jobs, but new jobs were created to handle the new workload from the efficiency gained.

For me the concern is the immediate impact it will have and how long it may take to replace those jobs. Especially for certain age groups.


Sent from my iPhone using Tapatalk

 

[Hnthrdr]

You think the elk woods are crowded now, just wait until we're all living off UBI.

Yep, looking at 20 year wait for your OIL bull tag in what used to be OTC

 

[Beendare]

We just fired a CFP and took my wife's portfolio back over from him and put all the funds back in Fidelity. He had like 50-60 individual stocks in her traditional and Roth IRA and only a couple of mutual funds. I'm harvesting some gains and stopping some losses on some of the dogs. The goal is to put most of it back into low cost mutual funds and setting aside some cash if/when the bubble pops.

I think you made a good call. Individual stocks are not the best for most folks, ETF's are a better choice. ETF's are more diversified and trade like a stock and are better tax managed investment. ETF's are better than Mutual funds. If you have owned the funds for awhile, it's probably better to transfer and hold them due to the tax you would pay if you sell them.

Did you know that you pay taxes every year on mutual funds, [yep, on your tax return due to their trades] but you don't pay taxes on an ETF until you sell it?

ETF's are the way to go.....look at the track record of my 3 favorites VOO (S&P index), QTEC ( the best diversified Tech) , VGT (a little bit more concentrated tech) then add a mid cap ETF to that mix. A young guy that Dollar cost averages in to these ETF's over the next 20 years will have a HUGE nest egg in retirement.

 

[noisy]

Forget the unemployment numbers, the job market right now is worse than it's been in over a decade. Especially for new grads. Uncertainty is the underlying cause, which will not abate until Trump is gone.

 

[LFC911]

I think you made a good call. but I think ETF's are better than Mutual funds unless you have already owned the funds for awhile.

Did you know that you pay taxes every year on mutual funds [due to their trades] but you don't pay taxes on an ETF until you sell it? ETF's are the way to go.....look at the track record of my 3 favorites VOO, QTEC, VGT

She has about ~$200k in cash, $25k each worth of FXAIX, VUG, VGT and another $300k in various stocks (META, BRKB, MSFT, WMT, NVDA, AMAZN are the major ones). I plan to let them ride for a while and wait for the bubble to pop or use her cash to buy the dips. I didn't know the tax benefit an ETF vs a mutual fund and appreciate the insight. I will definitely do some homework and check those tickers out.

 

[Beendare]

Good Comment @MountainTracker.

AI is just the market being efficient. You can't stop progress....and it's coming. If you have a menial job, it's time to get some specialized training before you are out on your keister.

When your kid says they want you to pay $200k plus for their 4 year film degree which almost guarantees whatever job they get will be taken over by AI........Tell there are hundreds of thousands of trades jobs [mechanic, electrician, plumber, etc] out there at $120k/year....but the young folks don't want to get their hands dirty.

 

[Beendare]

She has about ~$200k in cash, $25k each worth of FXAIX, VUG, VGT and another $300k in various stocks (META, BRKB, MSFT, WMT, NVDA, AMAZN are the major ones). I plan to let them ride for a while and wait for the bubble to pop or use her cash to buy the dips. I didn't know the tax benefit an ETF vs a mutual fund and appreciate the insight. I will definitely do some homework and check those tickers out.

Yeah, smart. It's probably best to hold those top stocks and not sell and having to pay taxes on gains then just devote new money to the ETF's.

 

[eddielasvegas]

Yeah I’ve been riding that one on the way down too, in addition to MSTY. I’m not killing it lately other than the silver lining that I have a lot in cash ready to take advantage of something.

Speaking of MSTY....if BTC continues its slide, MSTY at zero, or close, is not impossible IMHO.



Eddie


P.S. I wrote this yesterday and didn't click "Post Reply." Ugh!