Overlords Investment Conclave [OIC] Recruitment Thread

[Carpet_pissr]

They might even be able to drive some value by optimizing that network with other capabilities.

I'm thinking this was the big draw.

[LordMortis]

One of you wizes at reading prospectuseseseses can you help me understand OTEX. Give my an opinion. Every time I turn around they have acquired another major B2B player. The model of the last 5 years is going to see them in charge of the B2B world, which seems to be a good business move and yet I have no idea if they are financially solid. Working with about 8 of their acquired companies, I can say I have mixed feelings about the way they do business.

I feel like throwing money at them would be good, but they breaks two rules I have going right now.

1) No more investing in anything until I can afford to pay cash for a new car.
2) No more investing in individual companies until I have a much bigger portion of my portfolio in indexes (and possibly other diverse investing in ??? ) and can treat individual business investments as a sort of expensive lesson/entertainment/gamble. My track record with individual investments is terrible, even when they looks sound to me on paper.

But it feels so right. Stupid emotions.

[LawBeefaroni]

I'll give OTEX a read if I get a chance. But based just on what you said, you should be looking at their buyout targets.


RAD down around 28% on the new WBA deal. Not every day someone buys $5b of your stores and gives you $325m in a breakup fee. Deal is for about half the stores originally intended. Fred's is down around 20%. They were supposed to get the scraps to appease the FTC.

[LordMortis]

I will see if I can find that and examine it. Thank you. Which is not to say that I'll buy, I'm having job insecurity feelings and saving for car problems.

But it makes me sad watching my portfolio sit still. It's been about a year since I put anything into it, which means aside from maxing tax sheltered retirement, I have nothing to show for the last year's work. That's not good for someone in 40s with little savings/investment who has his desperate eyes on the prize of retiring in his 50s.

[LawBeefaroni]

Big day for F. Weak June sales but good 2017 outlook.

[Pyperkub]

I've had a decent position in SCCO (essentially Copper) for awhile, just reinvesting dividends, but I've been thinking about getting out. It's trending up in advance of earnings this week, and earlier this year I was thinking I'd set a sell at $40, but the trend has me thinking it could bounce a bit more.

Some analysis:

...the year-to-date performance of Southern Copper relative to the performance of the mining ETF. The fund is up nearly 4% in that time but the stock has outperformed the broader space by 14%, and it looks like that trend may continue.

Two weeks ago, SCCO broke above the $36.50 resistance level of a four-month rounded bottoming pattern, and has gone on to form a small bullish flag pattern. The commodity channel index, which can be used as an overbought/oversold indicator or a trend indicator, is above the 100 level and is, in this case, more likely reflecting trend strength.

Any thoughts?

[Sectoid]

Can I ask what platform you guys are trading on? I haven't done much in the way of investment unless it was through my now defunct 401K. I signed up for Robinhood, but haven't put any money into it yet. Just wondering what you are using.

[LawBeefaroni]

Ameritrade's ToS mostly. I have accounts on Fidelity and Ally but do everything except the actual orders in ToS. Their mobile app is decent too.

[pr0ner]

USAA, mainly. Though I have money spread out in a few other areas, too.

[Carpet_pissr]

I use Ameritrade primarily, but also have accounts with Fidelity (work IRA), Etrade (company stock) and Scottrade (for my Mom's Roth that I manage).

As a platform, Ameritrade is fine, though I hate the fact that in 2017, you still can only look at one year of history at a time for transactions. But they do have access to the in depth Credit Suisse company reports that are not that easy to get otherwise, and that alone is worth using them for me personally.

[Zaxxon]

Scottrade Elite app, here.

[LordMortis]

Scottrade. No smartphone so no aps. I buy and hold and don't play any games with options or bonds or anything else, so I don't really need a lot of bells and whistles. It does what I want, so I'm happy.

[Zaxxon]

Scottrade. No smartphone so no aps. I buy and hold and don't play any games with options or bonds or anything else, so I don't really need a lot of bells and whistles. It does what I want, so I'm happy.

FWIW, it's a Windows app. Even outside of options and the like, it's useful for its closer-to-realtime views.

[LordMortis]

Scottrade. No smartphone so no aps. I buy and hold and don't play any games with options or bonds or anything else, so I don't really need a lot of bells and whistles. It does what I want, so I'm happy.

FWIW, it's a Windows app. Even outside of options and the like, it's useful for its closer-to-realtime views.

Ah, I still don't use it but I'm again, my investment is simple. Save lots (for me) of money. Buy a block of stocks (or my usually mutual fund ETFs) when I hit enough money to feel comfortable buying stocks. Watch the market tank and cry. Additionally, lawbeefaroni turned me on to scottrade FRIP, which I set and forget until such a time as I get to nice round number on a particular security and then move to another.

And speaking of, it looks like if life doesn't fall apart, in the September/October timeframe I will have saved enough to increase my portfolio for the first time in a year so I should be upping my holdings in one of my indexes, so batten down the hatches...

[Zaxxon]

Sweet.

[Pyperkub]

Brokerage account is with Wells Fargo - I just use theirs. Could probably do better in terms of fees by shopping around, but I'm not a very active trader - mostly buy and hold on DRIP with only a transaction or two a year, and this way I could leverage the funds for the remodel Line of Credit.

[Sectoid]

This is what I am using, if you want to check it out. Anyone that signs up gets a free stock. I also get one, to be honest. When I signed up I got a free share of Groupon.
http://share.robinhood.com/davide485

Sent from my SM-G930P using Tapatalk

[Pyperkub]

I've had a decent position in SCCO (essentially Copper) for awhile, just reinvesting dividends, but I've been thinking about getting out. It's trending up in advance of earnings this week, and earlier this year I was thinking I'd set a sell at $40, but the trend has me thinking it could bounce a bit more.

Some analysis:

...the year-to-date performance of Southern Copper relative to the performance of the mining ETF. The fund is up nearly 4% in that time but the stock has outperformed the broader space by 14%, and it looks like that trend may continue.

Two weeks ago, SCCO broke above the $36.50 resistance level of a four-month rounded bottoming pattern, and has gone on to form a small bullish flag pattern. The commodity channel index, which can be used as an overbought/oversold indicator or a trend indicator, is above the 100 level and is, in this case, more likely reflecting trend strength.

Any thoughts?

Well I did it, and SCCO rapidly plummeted to around $38.50. Kicked myself for a bit, but left the order in place, and today for about 10 minutes it crested $40 (though I didn't see any information in the yahoo finance feed today as to why), which after the past week, I'm happy with (may need the money, and I'm not too sad about getting out of mining stocks).

[LordMortis]

So, It's been about a year since I put any money away. Come October I was finally gonna be in the position to put a bit into my portfolio, so naturally "the market" is on a tear right now.

Well, good for the money I have in it, I guess. Not so good for my DRIP (or FRIP as scottrade calls it)

I'm tempted to grow my savings a bit past the October timeframe with the crazy ass increases of the last week plus.

[LawBeefaroni]

So, It's been about a year since I put any money away. Come October I was finally gonna be in the position to put a bit into my portfolio, so naturally "the market" is on a tear right now.

Well, good for the money I have in it, I guess. Not so good for my DRIP (or FRIP as scottrade calls it)

I'm tempted to grow my savings a bit past the October timeframe with the crazy ass increases of the last week plus.

Bought AMZN and TSM last week. TSM was just off a 52 week high. AMZN is close to an all time high.

Right now I'm just looking for "best" instead of value.

[LordMortis]

And yeah, wishing my funding windows was in the July/August timeframe right about now. VTI is my next scheduled purchase when I have enough saved and along with everything else it's humming along.

[pr0ner]

Yesterday was a huge earnings day for the tech industry, as MSFT, GOOG, and AMZN are all up big today after earnings.

MSFT is up almost 8%

GOOG is up 6.5%.

AMZN is up almost 11%.

AAPL is also up a bit today (2%) after iPhone X pre-orders sold out in minutes last night.

This is a good day for my portfolio, especially once today's gains get taken into account in a couple mutual funds I own.

[Pyperkub]

Yesterday was a huge earnings day for the tech industry, as MSFT, GOOG, and AMZN are all up big today after earnings.

MSFT is up almost 8%

GOOG is up 6.5%.

AMZN is up almost 11%.

AAPL is also up a bit today (2%) after iPhone X pre-orders sold out in minutes last night.

This is a good day for my portfolio, especially once today's gains get taken into account in a couple mutual funds I own.

Yeah, Amazon ended up +128.52/share today. Wow!

[Carpet_pissr]

It’s weird how on seeing those results, my first impulse is to kick myself for not owning more. Wouldn’t hurt to every now and again say “well done, self, good decision!” I’ll blame my Dad for that particular quirk of mine.

[Pyperkub]

It’s weird how on seeing those results, my first impulse is to kick myself for not owning more. Wouldn’t hurt to every now and again say “well done, self, good decision!” I’ll blame my Dad for that particular quirk of mine.

Yeah, I initially bought 15 shares around 170, then bought another 10 at around 270. It's 'felt' too expensive to buy more since then, even when I try to convince myself that if they did a 10-1 stock split, it would feel more affordable, even if the ownership/share is still the same.

[pr0ner]

That's a pretty good ROI!

[Pyperkub]

That's a pretty good ROI!

Paper gains only for now, as I'm a buy and hold kind of investor, but it sure is nice to watch

[LordMortis]

Wouldn’t hurt to every now and again say “well done, self, good decision!” I’ll blame my Dad for that particular quirk of mine.

Are we brothers?


It looks like my one and only forray into penny stocks went belly up yesterday. I only put a few a few hundred in to them, so it was a like couple year long really bad day crap table for a learning experience.

The question then becomes what does this mean to me? Do I somehow write this off on my taxes? I never sell stock. I buy and hold and dream of retirement. Can I write that off against my dividend "income"? Will they send me tax forms?

That said, still no investments for 2017. This year and most of last year was basically spent saving for a car that I still haven't bought, having fixed my Focus while waiting for prices on the Escape to seem reasonable which never happened. It's nice to have a cushion, though. Currently my savings for the rest of the year are to be able to get my Roth IRA for 2018 right at the beginning of the year. It feels like I am making no progress at all even though I know I am.

Wouldn’t hurt to every now and again say “well done, self, good decision!” I’ll blame my Dad for that particular quirk of mine.

[Isgrimnur]

I dropped $1k in IVV last week. I have a mental hurdle of buying the same stock a second time when the value has increased. So far, I've made 5 purchases under the Roth IRA: FTEC, IVV, IVW, RSP, and XAR.

[LawBeefaroni]

Wouldn’t hurt to every now and again say “well done, self, good decision!” I’ll blame my Dad for that particular quirk of mine.

Are we brothers?


It looks like my one and only forray into penny stocks went belly up yesterday. I only put a few a few hundred in to them, so it was a like couple year long really bad day crap table for a learning experience.

The question then becomes what does this mean to me? Do I somehow write this off on my taxes? I never sell stock. I buy and hold and dream of retirement. Can I write that off against my dividend "income"? Will they send me tax forms?

That said, still no investments for 2017. This year and most of last year was basically spent saving for a car that I still haven't bought, having fixed my Focus while waiting for prices on the Escape to seem reasonable which never happened. It's nice to have a cushion, though. Currently my savings for the rest of the year are to be able to get my Roth IRA for 2018 right at the beginning of the year. It feels like I am making no progress at all even though I know I am.

Wouldn’t hurt to every now and again say “well done, self, good decision!” I’ll blame my Dad for that particular quirk of mine.

You can write the loss off against any cap gains I think. I just send my totals to the accountant and he figures it out. I'll keep a loser rather than selling to keep the tax benefit for when I have a lot of gains. There's probably a way to carry over losses year to year but I just do the same year.



AMD is killing me but I've had it since $2 so it's hard to get upset. I bought some AMZN a few months before earnings, at like $970. But my favorite move so far was TSM. I've been trying to get more tech to diversify my defense and DOW 30s heavy portfolio. I have a lit of CAT, BA, DIS, F, etc. Tech has always been in my speculative account (see AMD above) but AMZN, GOOGL, and TSM are moving on up to the long-term account.

[LordMortis]

So you're saying going belly up is worse for buy and hold investors than it is for active traders. Ah well, it wasn't too expensive of a lesson and I always wanted to see how penny stocks work. I was thinking Lithium was a solid thing for the future. Yet another one to file under, just stick with the indexes.

[LawBeefaroni]

So you're saying going belly up is worse for buy and hold investors than it is for active traders. Ah well, it wasn't too expensive of a lesson and I always wanted to see how penny stocks work. I was thinking Lithium was a solid thing for the future. Yet another one to file under, just stick with the indexes.

Going belly up is fine, you don't have to write off the loss when it went belly up, just when you close it out. I think, check with a professional, obviously.

[LordMortis]

Interesting. I don't know that it's worth consulting a professional. As I said it's a couple of hundred dollars, so the write off would be a fraction of that but it does jive with why I still see my shares on Scottrade while the show a bunch of -- next to it and I can't look up the symbol anymore.

[Carpet_pissr]

Interesting. I don't know that it's worth consulting a professional. As I said it's a couple of hundred dollars, so the write off would be a fraction of that but it does jive with why I still see my shares on Scottrade while the show a bunch of -- next to it and I can't look up the symbol anymore.

For a couple of hundred dollars, even if it had gone the other way, the IRS will not care. Don't even have to use the loss this year. In fact, it would benefit you to wait to claim it in a year when you have any short term capital gains to offset those (if you sell anything less than a year after buying, in a "taxable" account.

Since it's in your interest to claim the loss in your taxes (again, for that small amount, don't expect a lot back) if you want to do it, your brokerage should send you the tax form some time after December. If you use Turbotax or the like, you don't have to worry about which forms, just answer the questions as asked. Otherwise you will need Schedule D and one other...can't remember the number (it's the one re: Cap gains and losses)

[Isgrimnur]

My former employer finally clawed back my non-vested amounts. Imagine my surprise when I log into my account and see a cliff on 11/15 of an $8k loss.

[LordMortis]

Finally getting to the point where I can up investments, about four months behind schedule. it feels like I will hit point shortly before XMas, and that everything is going to suffer serious deflation right after. My 401k, boy, if I could count on the gains I've seen since September, I could retire right now.

[Zaxxon]

So, how come none of you told me to buy Bitcoins back in March?

[Isgrimnur]

So, how come none of you told me to buy Bitcoins back in March?

Tulips were a better investment.

[LordMortis]

Didn't Moliere and Matrix tell you to buy Etherium? I still think, as RM9 and others state, crypto-currency (as it stands now) is tulips.

Edit...

And bam....

[Isgrimnur]