The Rokslide Stock Traders Thread

[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!

 

[fmyth]

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!

Fortunately for MSTY, MSTR is up 5.82% today. Saylor has stopped hitting the ATM on MSTR common stock and is raising $$$$ with his perpetual preferreds: STRF, STRC, STRK, STRD, and STRE and is using the money to buy more BTC. This stops the dilution of the common stock and increases the multiple-to-net-asset-value (BTC).

 

[HuntHarder]

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.

Lots of buying opportunity right now. = I am losing my ass, please join in my misery.

 

[HuntHarder]

Anyone else read the article talking about MSTR being upside down on Assets vs. Debt? I am thankful my MSTY experiment was only a 2 month slip of the mind.

 

[tony]

What's the process to sell stock?
Say $15,000.00?
My Edward Jones guy says there is a fee, and I'd pay capital gains?
Can I calculate the capital gain and any other fees? Curious to see what I would come out with after.

 

[eddielasvegas]

What's the process to sell stock?
Say $15,000.00?
My Edward Jones guy says there is a fee, and I'd pay capital gains?
Can I calculate the capital gain and any other fees? Curious to see what I would come out with after.

There is potentially a few steps to this question but I'll give you the first one:

1) If the EJ guy makes a dime off you, then send him packing.


Good luck,

Eddie

 

[Ten Bears]

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!

MSTY at zero ?

Don’t put that evil on me Ricky Bobby.

 

[HuntHarder]

What's the process to sell stock?
Say $15,000.00?
My Edward Jones guy says there is a fee, and I'd pay capital gains?
Can I calculate the capital gain and any other fees? Curious to see what I would come out with after.

Very situation dependant. If this is just a personal broker account, you have either short term capital gains or long term. If you have owned the stock for less than a year, it will be short term and taxed at your ordinary income tax rate. If you have owned it longer than a year, it will be long term and a lower percentage. Long term preferential tax is either 0%, 15% or 20%, depending on your income level. Most fall into the 15% category on Long term.
As far as your EJ guy's fees, that depends on your agreement. If you pay a fee on anything othet than the actual interest $ gained, I'd send him packing as Eddie said.

 

[fmyth]

Anyone else read the article talking about MSTR being upside down on Assets vs. Debt? I am thankful my MSTY experiment was only a 2 month slip of the mind.

Please post the article. MSTR's total debt is currently 8.2B. The value of their assets (650k BTC) is currently 76.3B.

MicroStrategy (MSTR) is a publicly traded company and as such, it can only be entirely "liquidated" through formal corporate procedures like a
shareholder vote to dissolve the company or through bankruptcy proceedings. A forced liquidation of its Bitcoin (BTC) holdings, in a margin-call sense, is highly unlikely under the company's current debt structure and Michael Saylor's controlling voting power.


Liquidation Scenarios

• Forced Sale of Bitcoin (Margin Call): The risk of a traditional, loan-based margin call resulting in forced BTC liquidation is minimal. Most of MicroStrategy's debt is in the form of long-term convertible notes, which do not have a specific BTC price trigger that would automatically force a sale. The company holds a large amount of unencumbered Bitcoin and can raise new capital if needed.
• Inability to Repay Debt at Maturity: The debt obligations mature in increments over the next decade, with the main maturities beginning around 2027-2028. If the price of Bitcoin were to experience a prolonged and extreme decline (well below current levels) and stay low for years, the company could face challenges in refinancing or paying back the principal when due. In such a scenario, they might choose to sell some Bitcoin, issue more shares (dilution), or potentially face a default situation.
• • Corporate Bankruptcy: This is the most direct path to the company's full liquidation. However, Michael Saylor, as executive chairman, holds significant voting power (46.8%), making a shareholder-initiated dissolution or an involuntary bankruptcy highly unlikely in the near term.
  • Voluntary Action: The company's stated strategy under Saylor is to continue accumulating Bitcoin and never sell its core holdings, viewing it as a long-term strategic asset. A voluntary, full liquidation is contrary to their publicly announced business model.

In short, while not impossible in extreme, sustained bear-market conditions over several years, the current structure is designed to avoid forced liquidation of its core Bitcoin assets

 

[HuntHarder]

https://finance.yahoo.com/news/microstrategy-now-owes-more-bitcoin-185728104.html

 

[Idaboy]

I know there is a separate BTC thread, but seems like BTC and it's proxies are crossing below major moving averages.

 

[tony]

Stock since birth or close to it. My grandad dabbled in the markets and got all of us kids some sort of stocks.
I'm 57
I don't remember him saying he got a cut, just a "small fee" plus gains which I take as a tax.

 

[BBob]

I know there is a separate BTC thread, but seems like BTC and it's proxies are crossing below major moving averages.

A lot of things across the market as a whole are under the 50SMA at the moment, not just BTC.

 

[Idaboy]

A lot of things across the market as a whole are under the 50SMA at the moment, not just BTC.

I get that, but it does not seem to be behaving like any kind of hedge at the moment..

 

[KsRancher]

I get that, but it does not seem to be behaving like any kind of hedge at the moment..

That's my thought also. Not sure what its a hedge against.

 

[Kimber7man]

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.

That's like malpractice. 50-60 individual stocks??? wow

 

[fmyth]

I know there is a separate BTC thread, but seems like BTC and it's proxies are crossing below major moving averages.

Here's a chart showing BTC's price, 50 day moving average and 200 day moving average.

 

[eddielasvegas]

MSTY at zero ?

Don’t put that evil on me Ricky Bobby.

Haha and I know. When it was paying out those ridiculous DIV, I knew it would last, but I also rolled the MSTY dice as I wanted a little action in the world of BTC. If BTC can get back to above $120k before MSTY grenades, there is hope.

I also bought STRK. Its 8% payout is safer than the MSTY DIV, but both being worth zero, or close, is not that unlikely. As with MSTY, I wanted a little BTC exposure w/o dealing with cold wallets, and losing passwords and all the other crap associated with BTC. STRK is just below my buy price so I might be a few more shares since the 8% payout is worth the risk of default. I ain't touching MSTY no matter cheap.


Eddie