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- Sell the stock
- Set a stop-loss
- Use options to protect the position (ie, collar, especially if done at zero-cost or a credit)
- Sell any fund with TSLA in its top-10 holdings, to include index funds
@PressmUP I'm a similar style investor - I'd say I'm 85% in quality dividend equities and equity funds (mostly individual stocks, though) held for the long haul. What little FI I hold is either stuff from 40-ish years ago I was given as a child or i…
@rforno I'm curious about the size of your PRWCX holding, if you don't mind sharing? I'm already up to 36% of total.
It's ~15% of one of my accounts, and the only non-AF fund I presently own.
Thanks, @hank. Maybe I'm shooting myself in the foot, but when it comes to single stocks, i look for ones that don't get much press, publicity. With low P/E numbers. And @catch22 lately introduced me to RSI. I'm learning about what Morningstar label…
As usual, I will be adding another large slug of PRWCX on Mon (or Tues) once the annual distribution is made.
Still stalking new or add-on positions in dividend-paying companies. Almost had a few orders fire on Friday, but not quite. :/
The money from these amateur photoshopped 'collectibiles' goes to Tweety Amin personally. So for all we know, one of his PACs or other dark money groups simply bought them all up that day, which meant he was (legally) able to move ~$4.5M from a re…
The g/f and I saw Brit Floyd live a few years ago here in DC. It was a fantastic show that hit all the right feels and was really close to what PF sounded like when I saw them in the early '90s.
"There's risk in anything, anywhere. You either decide what level of risk is reasonably acceptable (and where) or you unplug from the world and go hide in a cave."
@rforno- Yes sir, that nicely summarizes my perspective also. However, since a heavy…
There's risk in anything, anywhere. You either decide what level of risk is reasonably acceptable (and where) or you unplug from the world and go hide in a cave. :)
I would trust Schwab or PersCap for account aggregation far more than some fintech…
I have no faith whatsoever in either China or Tesla (Musk) as investible options at this time or possibly ever. Both are on my ESG shitlist.
That's a key reason why i avoid index funds like the plague. I have no faith in TSLA, but because it (or an…
FTX makes MF Global look like a minor business hiccup....
This was a money quote from yesterday's House hearing, c/o YahooNews:
[FTX CEP] Ray explained that FTX was "unusual" in that it had "no record keeping whatsoever." He said that employees w…
At the risk of gloating, I'll admit the market lessons learned and observations made as a futures trader during the Great Financial Crisis in 2006-08 served me *very* well and thankfully kept me safe during my brief but profitable forray into crypto…
Still very very equity heavy, mostly in quality dividend stocks (commons, MLPs, and a few preferreds). Have sizable cash I want to put to work by the end of the year, either into equities or T-bills until I decide what to do.
Also staying very lon…
I moved 99% of my account out in October '20 after the deal closed, b/c I wanted my TDA FA to 'get credit' for my account as he'd been really good to me over the years. I also didn't want to deal with the drama/chaos of brokerage intergrations -- I…
Any word on when ThinkDesktop will be moved over?? Stunning this integration has taken over 2.5 years and it seems like they're not even halfway done yet. (And Schwab's 'active trader' is horrid compared to ThinkDesktop.)
Glad I switched over mysel…
Bought 1000s FLNG with a JAN 2024 30/40 collar spread put on at a nice credit, which is how I like to do them. Reason? Adding to income-generating positions, but also protecting some positions that might be more volatile than expected going forward…
Sounds ok to me.
My only beef w/banks' preferreds (and why I don't use them) is that they're nearly always non-cumulative. Meaning, if they're forced to suspend divs for some reason, your preferreds essentially then become interest-free cash for t…
I agree - Rida tends to cheerlead them quite a bit, even when they're directly impacted by interest rates. The user comments, like usual, are helpful though.
But fwiw saying I'm planning a few preferred buys this month to use as income ballast. I…
I only use Amazon Echos for streaming SXM music. I'd use Apple Homepods, but they require you to stream SXM from the phone TO the homepod, which kinda defeats the purpose of a voice assistant / onboard capabilities in my view. (I just started dabbl…
BBG reporting that Genesis may seek Chapter 11. This will be HUGE in crypto-land since among other things, their lending operation underwrote many of the popular income-generating products offered at crypto brokerages -- even the more adult and repu…
@rforno- Since you had steak for dinner it would seem to suggest that you didn't have a lot of money "invested" in this silliness.
In 2021 I setup an account w/Gemini in NYC due to how heavily regulated it was and low-key. They didn't sponsor NBA te…
Digital Currency Group owns Genesis and Grayscale Investments (ie, GBTC). Per Reuters, they just tried to get a $1 billion loan to help them deal with a "liquidity crunch due to certain illiquid assets on its balance sheet" at Genesis (ie, FTX). I…
Doesn't look like it's available to retail folks at Schwab, even with the 500K minimum: https://www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/capital-appreciation-fund/i-class.html
Interesting pick @rforno. Has IEP sold all or just some of its casino holdings? I see that they bought a worthless(?) Trump property in 2016.
Yup - sold it to, IIRC, Hard Rock. Still took a loss on it, though.
Initiated starter position in IEP at 51.50 following today's ex-div. Always wanted to join Uncle Carl's diversified hedge train; and his son's doing a solid job as his presumptive successor, too.
More dominos falling. This one is BIG BIG BIG .... they're the prime lender for most crypto-lending platforms that generate huge yields to various 'sophisticated' investors[1]. I used them with Gemin Earn to get 8% on 'deposits' lent out as cryp…
Sam Bankman Fraud is sure acting/tweeting rather squirrelly these days, which doesn't exactly inspire confidence to anyone -- especially the investigators.
Regarding my forray into crypto in recent years:
- I'm glad my 'traditional' investing horse-sense/experience kept me safe and skeptical, meaning I did the necessary due diligence on investments, (counterparty) risks, & exchanges.
- I'm glad I…
I just noticed Giroux still owns GE. As of 10/31/22 GE is 2.35% of assets.
yes, he said he's holding it with the upcoming break-up in mind. three separate outfits. (wealthtrack.)
I don't blame him. GE remains on my watchlist b/c I am interested …
WSJ just now:
"Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said.
FTX C…
Former billionaire (just a couple of days ago) SBF is reportedly bankrupt
Ha, and I thought my portfolio was down.
Whatever we think of Crypto now, and I agree it seems to be like playing Russian roulette in the wild west, some form of this techn…
