Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    Shhhh. Shhhhhh. Let tmbrules set up a new stratton oakmont
     
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  2. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    any picks?

    i bought a bunch of silver in 4q 2016. have been buying CHUY recently. and bought like 10k in a penny stock of an oil company that my friend's dad is CEO of.

    looking for something a little more traditional lol
     
    High Cotton likes this.
  3. Joe Louis

    Joe Louis no thank you turkish, i'm sweet enough
    Donor TMB OG
    Michigan WolverinesDetroit Tigers

    :warn:
     
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  4. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    MNIRF
     
  5. theregionsitter

    theregionsitter Well-Known Member
    TMB OG
    Notre Dame Fighting IrishChicago White SoxIndianapolis ColtsColumbus Blue JacketsColumbus Crew

    Apparently Mcdonalds is gonna sell 10% of its stores globally which are owned by the company

    Would love to figure how to buy some of these when they are auctioned off
     
  6. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    seems like they would give existing franchisees the option to buy first?

    and don't you have to have like 2-3m liquid to pop one?
     
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  7. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    Tmb needs to invest in a chick fil a franchise

    Wed eat the fuck outta our profits that nugget game ridiculous
     
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  8. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    buddy who works at a 2b firm says he likes CB and WY and all the big oil co. hmm
     
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  9. Arliden

    Arliden Well-Known Member
    Donor

    Do you guys have a link to articles discussing this? I like to hear both sides of an argument before I come to my own consensus.

    so far I have only come across this https://www.nytimes.com/2017/01/06/...cord-stacks-up.html?smid=fb-nytimes&smtyp=cur

    and I know NYT is sometimes viewed as more liberal leaning.
     
    #7309 Arliden, Feb 3, 2017
    Last edited: Feb 3, 2017
  10. Eric The Viking

    Eric The Viking Nitro, the All Knowing
    Donor TMB OG

    Know this was tongue in cheek, but you have to work at Chick Fil A for 5 years in order to be eligible to start a franchise.
     
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  11. tmbrules

    tmbrules Make America Great Again!
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    Clemson TigersChicago CubsCincinnati RedsChicago Bears


    And you also have to be willing to relocate to locations where they have picked. I think they may give you 3 choices but it could be anywhere ..... but when I looked into it (about 7-8 years ago) with a location picked out, that was not an option.
     
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  12. High Cotton

    High Cotton Where does this fall in our Christian walk?
    Donor
    Auburn Tigers

    Bet franchisees get first seat.

    I've heard people mention McD is a real estate play, curious if they will spin off physical stores in a REIT like Darden did for Red Lobster/Olive Garden?
     
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  13. allothersnsused

    allothersnsused Wow that’s crazy
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    Virginia CavaliersAtlanta BravesAtlanta HawksWashington Football TeamChelsea

    Maybe not the place to ask this but I'm sure someone here will know the answer.

    Was slow at work last week so I went ahead and did my taxes. Got a 1099 in the mail this week from a new account I had opened. It made $12 in interest last year (I thought I had opened it in early January but I opened it in late December)

    I'd be an idiot to amend my return over $12, right?
     
  14. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    Worst that will happen is the IRS will send you a letter and tell you to send in a check for $3 with a ten cent penalty. Don't worry about it
     
  15. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    fuck the IRS
     
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  16. Rabid

    Rabid Fan of: DQ Treats
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    Minnesota Golden Gophers

    Ackman pushed for them turn do the REIT structure years ago unsuccessfully. It was quite public and drawn out. I highly doubt they would change course now.
     
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  17. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

  18. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    apparently corporations currently can deduct the cost of imports from their profits. I'm having a hard time understanding what that means. Can someone explain that to me and why that is good for corporations?
     
  19. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    "Known as border adjustability it is central to an ambitious House Republican tax plan and is intended to boost exports by scrapping tax on foreign sales, even as firms would lose the right to deduct the cost of imports from their profits." I understand that scrapping tax on foreign sales would boost exports but i don't understand why firms would lose the right to deduct the cost of imports from their profits and what that even means. This is in the context of a house republican tax bill that has the above implications.
     
  20. Room 15

    Room 15 Mi equipo esta Los Tigres
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    Auburn TigersAtlanta BravesAtlanta FalconsUnited States Men's National Soccer Team

    Planet money has a new episode just on this tax plan, give it a listen
     
  21. WillySaliba

    WillySaliba Well-Known Member
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    Philadelphia 76'ersArsenal

    What does RJF stand for and what are you reading that you come up with these random questions?
     
  22. NC Wolfpack

    NC Wolfpack Go Pack Go
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    North Carolina State WolfpackGreen Bay Packers

    Actually listened to it this morning. Does a good job giving a high level overview of this plan.
     
  23. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    the economist
     
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  24. Joe Louis

    Joe Louis no thank you turkish, i'm sweet enough
    Donor TMB OG
    Michigan WolverinesDetroit Tigers

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  25. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    dork
     
  26. JC

    JC I yell sometimes when I watch sports
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    Real MadridMinnesota VikingsMinnesota WildMinnesota TimberwolvesTiger WoodsOhio State Buckeyes

    Anyone on here invested at all in UIT's?

    A guy that I talk investing with here at work has me looking at a couple different ones. However, I have zero experience or knowledge of them.
     
  27. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    My financial adviser for my 401k says to do this:
    "You could take a look at adjusting your future contributions to 75 moderate aggressive model, 20 percent towards the S & P 500, and 5 percent into Victory Sycamore Established Value FD R"
    what yall think? the overall idea is to get more aggresive. i'm currently in ML's "moderate to aggressive" it's growing at like 1.9% annually or something like that.
     
  28. Gallant Knight

    Donor
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    look for whatever has the lowest fees and do that.
     
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  29. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    Vanguard and ishares ETFs man. 5-10 basis pt fees.
     
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  30. Joystick Izzy

    Joystick Izzy Well-Known Member
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    Georgia BulldogsAtlanta BravesTennessee TitansNashville Predators

    How old are you? 110 minus your age in stocks is a good starting point. 120 minus your age if you want to be aggressive and aren't risk averse.

    Look for funds with low expense ratios. Vanguard funds are always solid.

    If you're around 30, 80% in a total market index fund and 20% in a bond fund is simple. You could also consider lowering your total market index fund and putting 20-30% in an international stock index.

    Once again, though, this will be dictated by what funds with low expense ratios are available to you.
     
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  31. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    1.9% annually? Jesus that's awful
     
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  32. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    thats about .8 more than what fees i pay AND my adviser combined

    compound interest wrekkin his ass
     
  33. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    trump wants to scrap nafta because our trade deficit with mexico is so large. but if we scrap it and place large tarrifs on imports from mexico and they do the same to us how does that help us? i'm guessing the answer is that mexico needs our stuff more than we need their stuff. therefore they can't afford to tarrif the shit out of imports because it would kill their consumers and industry and economy.
     
  34. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    is the intentional and devious undervaluation of foreign currencies such as the euro really a thing? are they getting a competitive advantage over us because the dollar is accurately valued and higher than their currencies? how real are currency wars or are they something trump has trumped up as a populist ploy for nationalist?
     
  35. je ne suis pas ici

    je ne suis pas ici Well-Known Member
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    paul ryan wont allow stupid ass tariffs
     
  36. DollarBillHokie

    DollarBillHokie Usher is the worst
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    Virginia Tech HokiesTiger Woods

    Are the fees 1.9% or is the expected return 1.9%?
     
  37. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    I'm 31. I know nothing about investing although I follow finance. So let me ask you this. Is the S&P 500 considered a total market index fund? And what that means is that it basically sprinkles whatever money you invest within a spread of stocks inside that particular index so that the performance of that particular index fund mimics the ebb and flow of the overall index? So if the S&P is going up or down your fund in the S&P will be going up or down?

    It's funny that she told me I should be 20% in a total market index fund and you're telling me 80%. I guess you are much more aggressive in your investment philosophy than her.
     
  38. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    so she told me something happened last september that's when we began something i'm not sure. i've been investing in this thing for 3.5 years. not sure why last september is so important. but my expected return from last september till today is 2.29%. I told her that didn't sound much better than a money market account which I think is being severe on her hah. So is 2.29% really crappy? Do I need to fire this lady?
     
  39. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    i never think about retirement so i was pleased to see i've got 17.5k in that bad boy. i think i just throw $150 in from each biweekly pay check or something like that. better than nothing.
     
  40. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    Lol yes. The dow is up 12+% since november

    Also fuck the age shit. No reason for people in late 20s ans early 30s to be in mfing bonds.. ESPECIALLY now
     
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  41. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    oh yah i forgot. she said they were expecting the performance to be one way because of clinton and that it took a completely different path because of the election. i guess what they are saying is they didn't expect the markets to be up because of trump. if you dump a bunch into a total index fund and then say the market starts to correct and head other direction, can you get it all back out of there quickly?
     
  42. Gotch Yarbrough

    Gotch Yarbrough Canada eh?
    Donor

    S&P 500 is not a total market fund, it is strictly large cap. Total market would be something along the lines of VTI. Funds like VTI include exposure to most everything in the s&p 500 while also offering broad exposure to small and mid cap companies.

    RE: the discrepancy between your advisor and joystick's rec, the moderate/aggressive model you're currently invested in would contain many similar components to the total market funds. They are basically as hands off as one can get, because they theoretically provide the best combo of US/global/bonds. However, they generally charge relatively high management fees that seriously eat into your returns over 30 years. Their results are certainly beatable by individuals who select a good mix of funds and are diligent in making sure they rebalance their portfolio.

    And RE: your most recent question about getting your money out of a total market fund--liquidating a total market fund is a single transaction just like your current fund. That said, someone with your level of investing knowledge (no offense) should not be trying to time the market with their 401(k) allocation, otherwise you'll be longing for the days of 1.9% returns. Your balance will have its ups and downs, but you will miss out on many of the ups by trying to predict the downs. Re-balance every 3-6 months, let it grow, and consider active investing down the road once you've learned more and have money to use that isn't designated for retiring.

    ETA: After re-reading your most recent post, that fund sounds way too actively managed for my tastes. I would absolutely look into lower fee passively managed funds. Your advisor probably loves your current fund because of the great fees she makes on it.
     
    #7342 Gotch Yarbrough, Feb 9, 2017
    Last edited: Feb 9, 2017
  43. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    a large cap fund then is a fund that invests mostly in the larger companies within the index and its a mutual fund correct?
     
  44. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    what does rebalancing mean/entail?
     
  45. Gotch Yarbrough

    Gotch Yarbrough Canada eh?
    Donor

    Correct, large cap means larger companies. A large cap fund could be a mutual fund or exchange traded fund, depending on the plan/account through which it's owned.

    Rebalancing means rearranging your current portfolio balance so that your portfolio remains diversified as you originally chose, e.g. 75% us equity/ 15% world equity/ 10% bonds.
     
  46. Houndster

    Houndster Well-Known Member
    Donor TMB OG

    Does your employer match at all? You should at least be putting in what they match.
     
  47. tmbrules

    tmbrules Make America Great Again!
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    Correct. The differences between an ETF and a mutual fund are very small. ETF's you can trade through out the day (more liquidity) and mutual funds you can only trade at the closing price. There are several other small differences but not worth noting IMO.

    The S&P 500 is the benchmark that most professionals use. Not all, but most. If you want to use a different benchmark then there needs to be a reason.

    I can say very confidently that you need a different financial advisor. If you are 24 AND you have a long investing horizon then they are giving you very bad advice imo.

    Also, if my advisor was trying to play the election with more than say 10-15% of my total portfolio, then that is very bad practice.

    if you are 24 I would have close to 100% invested in equities and no bonds. Thats a personal preference but most portfolio managers would have you somewhere between 100% and 60%. Anyone recommending a 24 year old be 80% conservative should not be managing your money.
     
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  48. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    i'm 31
     
  49. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
    Donor TMB OG

    yah matching at like 3 or 5%. i think i do put it what they match
     
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  50. tmbrules

    tmbrules Make America Great Again!
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    Sorry, not sure where i got 24. But honestly IMO that doesnt change my answer at all.

    I look at it like this. Im 38 so we are in a similar boat.

    I think 59.5 is the age where we can start withdrawing money from our retirement accounts. SO thats 21 years for me and 28-29 years for you.

    Ask yourself this, do you think the market will be higher than where it is right now 25 years from now. I can confidently look at history and say that the odds are extremely good that the answer is yes. Look at any time period in history on a graph and see if there is a time period where the market is lower over 25 years. I would be very suprised if you can find one.

    On top of that the s%p pays a 3% dividend right now. SO over 25 years you will have recieved 75% of your investment back just in dividends. Add in compounding and you are almost certain to make money on top of the price increases.

    Im 38 and have about 10% bonds. Probably wont switch to more bonds until 42-45 ish. That will still leave me 15 years until retirement.

    Im not trying to be a dick, just in the nicest way possible trying to tell you I think you are getting bad advice.
     
    #7350 tmbrules, Feb 9, 2017
    Last edited: Feb 9, 2017
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