The Rokslide Stock Traders Thread

[Ten Bears]

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

I am unfortunately stuck holding the bag on MSTY, just hope it can survive crypto winter or I’ll have a decent sized L on my hands. Rough rough month.

 

[2531usmc]

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

Proxy for the NASDAQ…

 

[LFC911]

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

Yep between her regular and roth IRA, so more like 25-30 in each fund. He did have some winners but a lot were dogs. We tried him for a year and 1% and he was making 5% in the market when i was making 12% in my 401k at work. Lesson learned.

 

[HuntHarder]

Yep between her regular and roth IRA, so more like 25-30 in each fund. He did have some winners but a lot were dogs. We tried him for a year and 1% and he was making 5% in the market when i was making 12% in my 401k at work. Lesson learned.

This should be a lesson and a wake up call for everyone in this thread. Do not trust that your advisor is doing a good job for you. Always stay educated and check in on their work. Lots of advisors set it and forget it.

10 years ago, I was looking for a new financial guy. I interviewed 3 diffetent guys, but 1 of them gave me really bad vibes. I asked him if I was able to view his retirement accounts to see if he was actually living the way he was preaching to me. He refused. Made me think he was all fluff and degrees vs. actually interested in bettering my portfolio. Finding a good and reliable advisor has eluded me to this day.

 

[Idaboy]

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

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.

Weird..that sounds like maybe it was a SMA?, separately managed account