The last part is why I invest some in taxable accounts. Plus if you're able to use your tax deferred accounts to get your income into the 15% tax bracket your qualified dividends and long term capital gains are tax free up to you reach the next tax bracket.
I considered opening one in my 20s when I was single and making good money but working long hours and traveling so I didn't have time/ways to spend the money. It was either going to be my MBA account or extra compounding for a future child. Impressive SSS.
Bullard says chances not high for recession Bullard said he's not too concerned about a world recession, despite a Citigroup prediction that the odds of a global downturn are rising. "I don't think the probabilities are particularly high right now," he said. "We are at a lower trend growth rate," he acknowledged. "The G-7 economies are not growing very fast. And China is slowing down, so you just don't have as much global growth as you once had." In a research note, Citigroup analysts said the risk is rising of a global recession. They defined a global recession as growth below 2 percent, differing from the usual requirement of gross domestic product falling for two consecutive quarters. http://www.cnbc.com/2016/02/25/feds-bullard-inflation-expectations-are-continuing-to-fall.html
ZOES up about 13% on the day after beating expectations in Q4. I'm frustrated in timing. Have a wedding in June and building a house, so I'm sitting on more cash than I ever have and some stocks look like incredible values right now yet I can't buy because I need for closing the house and wedding. ZOES, AAPL, GILD, DIS, KMI. I'd love to up my positions in all of those right now but can't for another 4 months or so.
Ha, well I'd normally agree, but if it comes time to close on the house and I'm short $20K, I think she might know.
I really don't see a cut in production happening over the next year, the Saudis and Gulf States have risked too much already and are not going to back down. That being said, KMI looks like a good buy right now or sometime over the next year.
http://fuelfix.com/blog/2016/02/29/exxon-mobil-sells-12-billion-in-bonds/ Obviously none of us are super high on the energy market right now, but does this do anything for anyone? XOM raising a huge amount of cash seems like it could be positioning itself to make some acquisitions which is appealing. Sitting right around $80 per share right now but the uncertainty in oil just doesn't make this move the needle much for me
Plus the hassle of the paperwork for showing where that went and then back into the bank account would likely piss off whoever the underwriter will be
That too. Banks give people a lot of crap if they move large amounts of money around before closing, right? The people I talked to for pre approval said once you get within 90 days it's best not to do anything out of the ordinary or without an easy paper trail.
CKEC currently up 13% after blowing up earnings for the holiday quarter. My Hypothesis about a blowout quarter were correct, I just bought at the wrong time :/
China laying off 1.8 million (mostly from steel & coal) in an effort to restructure their economy. Although there are reports the number may be closer to 5 million. http://qz.com/627467/china-just-announced-one-of-the-largest-single-layoffs-in-history/
workday popped in part because a large chunk of coke's business that had been with another vendor is moving to them
SDRL up almost 30% today, up 78% since low on Feb 10th. I'm not even sure why. Think oil finally bottomed out?
Not sure where we are in this discussion but fuck workday!! we just switched over this year and a cannot stand it ...
Is workday the software that people use for objectives and goal tracking and stuff? My last employer used it and I always laughed about how useless and unnecessary it was. We literally only used it for yearly objectives which could've been done via Word Doc and email, for free
we use it for everything. timesheets, benes, paychecks & w2s, goals & objectives. it's just not very user friendly IMO. and always freezes up on my PC. but I think we run IE5 or something, so ...
I've been buying LEE, F, SQ and FCAU the last few weeks and they're all making big runs the past three days. Feels nice to be on the right side of the market.
I like Square the product but I just don't know how long they will be able to stay relevant. You can already send your friends money through your mobile banking app and at some point Bitcoin or something similar will render square obsolete. Admittedly I have never done any research on the stock.
Yeah I'm not planning on it being a long play. The good news is Visa bought 10% of the company recently.
Hope some of you guys bought CKEC in the last couple months. Just got acquired by AMC for $1.1B, largest theater chain in the world now.
Up 36% now. In other news, though I am still down overall on some of these, today is the single largest percentage jump I've seen for my online brokerage account in my short investing career. CKEC up 16% SDRL up 36% AMC up 5% ZOES up 3% SNTA (don't ask) up 4% COP up 2.5% All of this while DJIA is up just 0.19%
SDRL now up 42% on the day, 135% since Feb 10th. still not confident on how their next couple years look but am a little disappointed I didn't DCA on the way down.
jesus freeport mcmoran & teck energy keep jumping up. looks like the energy & materials sectors were massively oversold
helluva run were on. dow back over 17000, was at 15660 on Feb 11 ... hope this jobs info sustains it for a few more weeks. trying to get out of a couple spots but not at the losses I had a month ago ...
Hoping so too, it's weird the economy is so strong but market's been so bad due to foreign issues. Kind of get needing a pullback but then people's retirement funds etc need their money to be invested in something.
I was thinking the same thing. House closing and wedding coming up in 3-4 months and if I get back to even on a few of these speculative plays I jumped in on last year I may close them out and re-assess later in the year
Just don't be this guy: Man uses dildo to rob bank after he loses honeymoon money on speculative trades.
Are you relying on your spec plays for those expenses or just hoping they work out and you can hopefully take those gains and put them towards your house/wedding?
I'm not relying on that money for anything. All my house money is in a Capital One 360 online savings acct and totally out of the market because I need it in May. But, i do still have a whole honeymoon, wedding and house to furnish, so it wouldn't be the worst time to cash out on a few items if it becomes favorable to do so.
Somebody smarter than myself can paraphrase, but supposedly the reason for the jump is that the primary owner freed up a half billion in cash and that's fueling rumors of a bailout, which is causing people to cover their shorts.