BMW
X1 / X2
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums Off-Topic Discussions Board Stock market tips and experiences

Post Reply
 
Thread Tools Search this Thread
      04-08-2021, 07:14 PM   #6359
XKxRome0ox
e90noob
XKxRome0ox's Avatar
United_States
1588
Rep
1,857
Posts

Drives: '08 E90 M3
Join Date: Mar 2012
Location: Los Angeles, CA

iTrader: (4)

Quote:
Originally Posted by antzcrashing View Post
Sounds like its story time so here's mine:

Began looking for my first career job in 2009 just after the crash and the market wasn't great so went directly to grad school, somehow managed to get accepted to my top choice an Ivy League school which had my major. Long story short graduated 2 years later and the market was much healthier then. Saw my parent's investment and retirement accounts get hammered, fortunately they didn't panic sell, so they recovered over time. I was too young and too poor to put money in the market during that crash but watching it all play out made me a hawk. Buy when there is blood in the water and sell when everyone thinks its roses. I've taken advise from someone that capitalized big on the downturn, his advice: keep cash on the sidelines waiting for the moment. The only way I see that to be possible is to pare back cash by selling stock when you sense that things are just too optimistic. That happened for me mid through 2019. Started parking most of my brokerage and half of my 401k in cash. Granted I started too early, but when the pandemic hit I dumped all that money and some more that I got from a bonus payout into the market. Made 50% on my overall brokerage portfolio and that with only as much as 85% invested. The market was on fire and you could do well buying the s&p, but my way worked as well or better. I buy individual stocks in large part, trading frequently. This might not be your style but it has worked for me.

Right now it seems like the market has factored in the vaccine and reopening and that the big gains are behind us, but I am not convinced. There is still a lot of money sidelined waiting for the risk(s) to be mitigated before they jump back in. I am almost fully invested (90% in market) and skewed heavily in stocks which will benefit from the reopen (travel, leisure, etc).
so if covid-19 didn't start when it did, you would have just been sitting on the sidelines missing out on the market gains from the bull run that just wouldn't quit
__________________
2008 E90 M3 / LCI trunk + euro tail swap

Production date - 2008-04-22
Appreciate 1
Noneya251.50
      04-08-2021, 07:35 PM   #6360
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1875
Rep
3,201
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Quote:
Originally Posted by XKxRome0ox View Post
Quote:
Originally Posted by antzcrashing View Post
Sounds like its story time so here's mine:

Began looking for my first career job in 2009 just after the crash and the market wasn't great so went directly to grad school, somehow managed to get accepted to my top choice an Ivy League school which had my major. Long story short graduated 2 years later and the market was much healthier then. Saw my parent's investment and retirement accounts get hammered, fortunately they didn't panic sell, so they recovered over time. I was too young and too poor to put money in the market during that crash but watching it all play out made me a hawk. Buy when there is blood in the water and sell when everyone thinks its roses. I've taken advise from someone that capitalized big on the downturn, his advice: keep cash on the sidelines waiting for the moment. The only way I see that to be possible is to pare back cash by selling stock when you sense that things are just too optimistic. That happened for me mid through 2019. Started parking most of my brokerage and half of my 401k in cash. Granted I started too early, but when the pandemic hit I dumped all that money and some more that I got from a bonus payout into the market. Made 50% on my overall brokerage portfolio and that with only as much as 85% invested. The market was on fire and you could do well buying the s&p, but my way worked as well or better. I buy individual stocks in large part, trading frequently. This might not be your style but it has worked for me.

Right now it seems like the market has factored in the vaccine and reopening and that the big gains are behind us, but I am not convinced. There is still a lot of money sidelined waiting for the risk(s) to be mitigated before they jump back in. I am almost fully invested (90% in market) and skewed heavily in stocks which will benefit from the reopen (travel, leisure, etc).
so if covid-19 didn't start when it did, you would have just been sitting on the sidelines missing out on the market gains from the bull run that just wouldn't quit
That's a fair point, however

1) covid did happen
2) the market was overvalued as is, and even in absence of covid, a hard pullback was going to happen

During the period leading up to there were a lot of yellow flags that were showing up, Unemplyment was very low almost numerically full-employment, but people were often under employed (uber drivers with college degrees etc), wage growth was slow, it was a period of upward steady slide, and periods of low volatility are often followed by periods of high volatility ie a surge or a sink. My money was on a sink
Appreciate 0
      04-08-2021, 08:56 PM   #6361
XutvJet
Major General
5488
Rep
5,334
Posts

Drives: 2011 Cayman Base, 2016 M235
Join Date: Mar 2016
Location: Kansas City

iTrader: (-1)

Quote:
Originally Posted by antzcrashing View Post
I buy individual stocks in large part, trading frequently. This might not be your style but it has worked for me.

Right now it seems like the market has factored in the vaccine and reopening and that the big gains are behind us, but I am not convinced. There is still a lot of money sidelined waiting for the risk(s) to be mitigated before they jump back in. I am almost fully invested (90% in market) and skewed heavily in stocks which will benefit from the reopen (travel, leisure, etc).
Trading or selling? If you're selling, your short term capital gains taxes must be quite big at the end of the year, no?

The market is pretty nuts and has been since July. I really don't get it, but my portfolio has increased substantially so I'm not complaining. I work in mergers and acquisitions and have some sense of where things might be going. The sense I get from my clients (many private equity) is things are going to explode (positively) this year from a financial perspective. Many of my clients have been sitting on large sums of money waiting to pounce and that time seems to be now.
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.

Last edited by XutvJet; 04-08-2021 at 09:03 PM..
Appreciate 1
      04-08-2021, 09:52 PM   #6362
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1875
Rep
3,201
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Quote:
Originally Posted by XutvJet View Post
Quote:
Originally Posted by antzcrashing View Post
I buy individual stocks in large part, trading frequently. This might not be your style but it has worked for me.

Right now it seems like the market has factored in the vaccine and reopening and that the big gains are behind us, but I am not convinced. There is still a lot of money sidelined waiting for the risk(s) to be mitigated before they jump back in. I am almost fully invested (90% in market) and skewed heavily in stocks which will benefit from the reopen (travel, leisure, etc).
Trading or selling? If you're selling, your short term capital gains taxes must be quite big at the end of the year, no?

The market is pretty nuts and has been since July. I really don't get it, but my portfolio has increased substantially so I'm not complaining. I work in mergers and acquisitions and have some sense of where things might be going. The sense I get from my clients (many private equity) is things are going to explode (positively) this year from a financial perspective. Many of my clients have been sitting on large sums of money waiting to pounce and that time seems to be now.
I've sold some positions and so there will be short term gains.
Appreciate 0
      04-09-2021, 02:11 PM   #6363
bimmer pleaser V2
Second Lieutenant
515
Rep
232
Posts

Drives: C43
Join Date: Feb 2020
Location: Houston

iTrader: (0)

I've learned a couple of things: A: hire an adviser to manage your wealth; 1% a year is absolutely worth it. And B: ride out the dip; never panic-sell. I was actually going to pull out right after Covid collapse in 2020 but my adviser talked me out of it. He told me one of his clients pulled out and missed he comeback, not to mention he also lost his job during the pandemic. Talk about double whammy...
Appreciate 1
      04-09-2021, 03:59 PM   #6364
XutvJet
Major General
5488
Rep
5,334
Posts

Drives: 2011 Cayman Base, 2016 M235
Join Date: Mar 2016
Location: Kansas City

iTrader: (-1)

Quote:
Originally Posted by bimmer pleaser V2 View Post
I've learned a couple of things: A: hire an adviser to manage your wealth; 1% a year is absolutely worth it. And B: ride out the dip; never panic-sell. I was actually going to pull out right after Covid collapse in 2020 but my adviser talked me out of it. He told me one of his clients pulled out and missed he comeback, not to mention he also lost his job during the pandemic. Talk about double whammy...
Assuming your portfolio isn't worth more than $2M, I'd say no to A. Absolutely yes to B.

I had a financial advisor at Morgan Stanley from 2003-2013. He was my parent's advisor as well. He charged a 1% fee, but when I did all the math and considered things like trades, sells, movement of money into various funds, it actually amounted to more like 1.5% to 1.65% annually with everything considered. That's a significant chunk of your portfolio that could working for you.

My advisor was a very nice guy. My parent's love him. He would do everything I asked him to and would give me advice anytime I asked. I went with his recommendation for investments (high fee stuff, yeah I was a dumb sucker) and stuck with it for 10 years because I didn't know better and figured it was way too complicated for me to understand. My accounts simply didn't perform much less match the S&P 500 performance. All I got from him we excuses, some of which seemed manufactured. After doing all the math myself, looking deeper into Warren Buffett's 2 minute retirement plan, and reading the The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, I fired my advisor and moved everything to Vanguard so that I could manage everything myself.

The performance of my Vanguard account from 2013 to present compared to what I did with Morgan Stanley is hilarious. I'm shocked every time I look at it. I really wasn't mad at my advisor, but rather myself from not researching things earlier.

My 78 y/o mom (father is passed) thinks I'm nuts for investing myself and she swears I'm doing things wrong and there's no way my Vanguard account could have increased so much over the years compared to the performance she's seen at Morgan Stanley. I often think about is how much more I could have if I would had managed everything myself from the start! I'm certain my portfolio's value would be 25-30% higher.
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
Appreciate 2
Littlebear3508.50
      04-09-2021, 04:24 PM   #6365
P1
Lieutenant General
P1's Avatar
11542
Rep
11,128
Posts

Drives: 2004 3/4 ton Duramax
Join Date: Aug 2007
Location: United States

iTrader: (1)

Quote:
Originally Posted by XutvJet View Post
Assuming your portfolio isn't worth more than $2M, I'd say no to A. Absolutely yes to B.

I had a financial advisor at Morgan Stanley from 2003-2013. He was my parent's advisor as well. He charged a 1% fee, but when I did all the math and considered things like trades, sells, movement of money into various funds, it actually amounted to more like 1.5% to 1.65% annually with everything considered. That's a significant chunk of your portfolio that could working for you.

My advisor was a very nice guy. My parent's love him. He would do everything I asked him to and would give me advice anytime I asked. I went with his recommendation for investments (high fee stuff, yeah I was a dumb sucker) and stuck with it for 10 years because I didn't know better and figured it was way too complicated for me to understand. My accounts simply didn't perform much less match the S&P 500 performance. All I got from him we excuses, some of which seemed manufactured. After doing all the math myself, looking deeper into Warren Buffett's 2 minute retirement plan, and reading the The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, I fired my advisor and moved everything to Vanguard so that I could manage everything myself.

The performance of my Vanguard account from 2013 to present compared to what I did with Morgan Stanley is hilarious. I'm shocked every time I look at it. I really wasn't mad at my advisor, but rather myself from not researching things earlier.

My 78 y/o mom (father is passed) thinks I'm nuts for investing myself and she swears I'm doing things wrong and there's no way my Vanguard account could have increased so much over the years compared to the performance she's seen at Morgan Stanley. I often think about is how much more I could have if I would had managed everything myself from the start! I'm certain my portfolio's value would be 25-30% higher.
Care to explain the $2M mark? Why not $1M? Or $5M?
Appreciate 1
      04-09-2021, 06:53 PM   #6366
XKxRome0ox
e90noob
XKxRome0ox's Avatar
United_States
1588
Rep
1,857
Posts

Drives: '08 E90 M3
Join Date: Mar 2012
Location: Los Angeles, CA

iTrader: (4)

Quote:
Originally Posted by XutvJet View Post
Assuming your portfolio isn't worth more than $2M, I'd say no to A. Absolutely yes to B.

I had a financial advisor at Morgan Stanley from 2003-2013. He was my parent's advisor as well. He charged a 1% fee, but when I did all the math and considered things like trades, sells, movement of money into various funds, it actually amounted to more like 1.5% to 1.65% annually with everything considered. That's a significant chunk of your portfolio that could working for you.

My advisor was a very nice guy. My parent's love him. He would do everything I asked him to and would give me advice anytime I asked. I went with his recommendation for investments (high fee stuff, yeah I was a dumb sucker) and stuck with it for 10 years because I didn't know better and figured it was way too complicated for me to understand. My accounts simply didn't perform much less match the S&P 500 performance. All I got from him we excuses, some of which seemed manufactured. After doing all the math myself, looking deeper into Warren Buffett's 2 minute retirement plan, and reading the The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, I fired my advisor and moved everything to Vanguard so that I could manage everything myself.

The performance of my Vanguard account from 2013 to present compared to what I did with Morgan Stanley is hilarious. I'm shocked every time I look at it. I really wasn't mad at my advisor, but rather myself from not researching things earlier.

My 78 y/o mom (father is passed) thinks I'm nuts for investing myself and she swears I'm doing things wrong and there's no way my Vanguard account could have increased so much over the years compared to the performance she's seen at Morgan Stanley. I often think about is how much more I could have if I would had managed everything myself from the start! I'm certain my portfolio's value would be 25-30% higher.

maybe you are a financial wiz
or maybe you just benefited from one of the longest bull market runs in history

it is easy to make money as long as you have half a brain and picked decent stocks
(and didn't throw money at OTM options like me trying to hit a homerun every time)


I agree with you about not hiring a "financial advisor" who is really just a glorified salesperson selling you investments that earn him/her a fat commission
__________________
2008 E90 M3 / LCI trunk + euro tail swap

Production date - 2008-04-22
Appreciate 2
      04-09-2021, 07:42 PM   #6367
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1875
Rep
3,201
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Quote:
Originally Posted by XKxRome0ox View Post
Quote:
Originally Posted by XutvJet View Post
Assuming your portfolio isn't worth more than $2M, I'd say no to A. Absolutely yes to B.

I had a financial advisor at Morgan Stanley from 2003-2013. He was my parent's advisor as well. He charged a 1% fee, but when I did all the math and considered things like trades, sells, movement of money into various funds, it actually amounted to more like 1.5% to 1.65% annually with everything considered. That's a significant chunk of your portfolio that could working for you.

My advisor was a very nice guy. My parent's love him. He would do everything I asked him to and would give me advice anytime I asked. I went with his recommendation for investments (high fee stuff, yeah I was a dumb sucker) and stuck with it for 10 years because I didn't know better and figured it was way too complicated for me to understand. My accounts simply didn't perform much less match the S&P 500 performance. All I got from him we excuses, some of which seemed manufactured. After doing all the math myself, looking deeper into Warren Buffett's 2 minute retirement plan, and reading the The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, I fired my advisor and moved everything to Vanguard so that I could manage everything myself.

The performance of my Vanguard account from 2013 to present compared to what I did with Morgan Stanley is hilarious. I'm shocked every time I look at it. I really wasn't mad at my advisor, but rather myself from not researching things earlier.

My 78 y/o mom (father is passed) thinks I'm nuts for investing myself and she swears I'm doing things wrong and there's no way my Vanguard account could have increased so much over the years compared to the performance she's seen at Morgan Stanley. I often think about is how much more I could have if I would had managed everything myself from the start! I'm certain my portfolio's value would be 25-30% higher.

maybe you are a financial wiz
or maybe you just benefited from one of the longest bull market runs in history

it is easy to make money as long as you have half a brain and picked decent stocks
(and didn't throw money at OTM options like me trying to hit a homerun every time)


I agree with you about not hiring a "financial advisor" who is really just a glorified salesperson selling you investments that earn him/her a fat commission
Advisors are not all just there to sell high fee funds. There are many different types of advisors and the industry is evolving.
Appreciate 1
P111541.50
      04-09-2021, 11:46 PM   #6368
XKxRome0ox
e90noob
XKxRome0ox's Avatar
United_States
1588
Rep
1,857
Posts

Drives: '08 E90 M3
Join Date: Mar 2012
Location: Los Angeles, CA

iTrader: (4)

Quote:
Originally Posted by antzcrashing View Post
Advisors are not all just there to sell high fee funds. There are many different types of advisors and the industry is evolving.
i looked at some fiduciary fee-based advisors in my area
plan on having a meeting with one of them soon
so i can do some investment planning and best ways to get some tax savings through my business and work
__________________
2008 E90 M3 / LCI trunk + euro tail swap

Production date - 2008-04-22
Appreciate 2
      04-10-2021, 09:20 AM   #6369
bimmer pleaser V2
Second Lieutenant
515
Rep
232
Posts

Drives: C43
Join Date: Feb 2020
Location: Houston

iTrader: (0)

Quote:
Originally Posted by XKxRome0ox View Post
maybe you are a financial wiz
or maybe you just benefited from one of the longest bull market runs in history

it is easy to make money as long as you have half a brain and picked decent stocks
(and didn't throw money at OTM options like me trying to hit a homerun every time)


I agree with you about not hiring a "financial advisor" who is really just a glorified salesperson selling you investments that earn him/her a fat commission
My cousin used to work for Goldman Sachs and now owns his own trading firm (commodity derivatives) and once he told me he had an advisor to manage his wealth and retirement. Honestly if someone has $2M liquidable asssets and manages that personally they better be a professional financial advisor.
Appreciate 0
      04-10-2021, 11:40 AM   #6370
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1875
Rep
3,201
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
I don't believe dollar amount should be the only criteria for seeking assistance from a financial advisor. Your age, goals, etc come into play. For example if your goal is to spend less time monitoring your investments they can obviously help with that. If your goal is to optimize gains, the fees and risk profile that they offer may run counter to that, but of course it depends on how good/confident you have become at the time you are considering this change and how close you are to needing the money.
Appreciate 2
FXMR107.00
XKxRome0ox1587.50
      04-10-2021, 04:15 PM   #6371
FXMR
Private First Class
107
Rep
118
Posts

Drives: M3
Join Date: May 2013
Location: CT

iTrader: (1)

Throwing a hard stop at self-directed investments like the $2MM in investable assets as stated above is completely arbitrary. Far too often people get swallowed into the idea that financial planing is black and white when in reality every individual has different requirements. I personally work in finance, albeit not in wealth management, but there are a plethora of benefits that come with a good (emphasis on this word) advisor if your circumstances allow you to use their offerings to your advantage.

If your portfolio consists of a few retirement and taxable brokerage accounts for long term growth, with the wealth of information out there today there is absolutely no need for a financial advisor.

Now, begin to mix in more complicated topics such as tax and estate planning, generational wealth, family support, real estate, alternative investments etc. and a good (again, emphasis on this word) financial advisor instantly becomes a lot more valuable. Yes, you can absolutely manage these things yourself, but sometimes at this level the fees are well worth the knowledge, support, and most importantly accessibility that these providers offer.

Every situation is different and there is certainly no hard number that makes you need to sign up for a financial advisor to reap greater benefit. I've personally seen clients with six figure AUM getting a greater benefit from their advisor than another client with seven figure AUM.
Appreciate 3
Littlebear3508.50
P111541.50
      04-12-2021, 04:47 PM   #6372
XutvJet
Major General
5488
Rep
5,334
Posts

Drives: 2011 Cayman Base, 2016 M235
Join Date: Mar 2016
Location: Kansas City

iTrader: (-1)

Quote:
Originally Posted by FXMR View Post
Throwing a hard stop at self-directed investments like the $2MM in investable assets as stated above is completely arbitrary. Far too often people get swallowed into the idea that financial planing is black and white when in reality every individual has different requirements.
Totally agree.


Quote:
If your portfolio consists of a few retirement and taxable brokerage accounts for long term growth, with the wealth of information out there today there is absolutely no need for a financial advisor.
This is me.

Quote:
Now, begin to mix in more complicated topics such as tax and estate planning, generational wealth, family support, real estate, alternative investments etc. and a good (again, emphasis on this word) financial advisor instantly becomes a lot more valuable.
Totally agree. My earlier post about not needing a FA if you've got less than ~$2M in assets is based on the assumption that you don't have additional real estate beyond your home/lake house, you're of a younger age (<60), you're not selling often , and/or you're not getting into "alternative" investments. If you've got a ton of money, investments, assets, property, etc. then yeah, you need a FA for sure. If you're trading/selling often and making lots (and losing lots), then you need at least a tax guy.

I'm assuming most in this thread are the typical American investor that is going for safe, long-term growth and have a 401K or similar through work, maybe a Roth IRA and/or brokerage account, and 3 to 12 months net salary in cash as an emergency fund. If this is you, investing and managing things yourself is freaking easy. As for estate planning, keep your will updated and make your beneficiaries are correct on all your accounts. Easy.

Want to beat 90+% of the investors/fund managers out there? 80-90% in S&P 500 index funds and 10-20% in bond funds. Simple as that.
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
Appreciate 1
      04-17-2021, 07:54 AM   #6373
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1875
Rep
3,201
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Roaring kitty exercises option to purchase Gamestop shares Friday (doubling down). Now hodls 30 mil worth at $160/share and another 3.5 mil in cash
Appreciate 1
      04-17-2021, 09:12 AM   #6374
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1875
Rep
3,201
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Anyone see the recent action in DOGE? Pretty wild
Appreciate 1
mantis276.00
      04-17-2021, 03:23 PM   #6375
2one3E90
Lieutenant Colonel
2one3E90's Avatar
2419
Rep
1,767
Posts

Drives: Bmw 330i and Bmw 328i
Join Date: Dec 2020
Location: Los Angeles

iTrader: (0)

Garage List
2010 BMW 328i  [10.00]
2004 BMW Z4   [9.50]
2006 BMW 330i  [10.00]
Quote:
Originally Posted by XutvJet View Post
I've been investing since the late 1990s when I entered the work force. At first, my investment funding started as a trickle as my salary was something like $29K and I couldn't afford to put much away. I've learned a lot over the years and have lost large amounts during all the market drops between 1998 and now. With those market drops came HUGE market increases where I gained it all back plus way more.

I had a financial advisor from 2003-2013. I kept putting as much in as I could as my salary grew and grew over the years. My salary increased substantially in 2012. I also fired my adviser in 2012, moved over the Vanguard so I could do things myself, and I changed my investment strategy. I generally followed Warren Buffett's 2-minute retirement plan and went with mostly all S&P 500 index funds in my brokerage, his and her Roth IRAs, IRA (from an old 401K), and my current current employer 401K. I also have a fair amount of Berkshire Class B, about 10% in bond funds, and a few "fun" stocks where I've rolled the dice. My most lucrative stock being being Activision Blizzard recommended by my teenage son. I bought about $20K of it and it's now worth $54K in two years.

The market has been very good to me in the past 9 years or so and I've stuck to my investment strategy and goals. My goal was to retire in 5 years at the age of 52. I'm currently $150K from that goal I had originally set. I think retiring at 47 would be a bit stupid, but I am considering going part-time (30 hours/wk, 20% pay and benefit cut).
Do you work alot of overtime when u were younger?
Appreciate 0
      04-17-2021, 04:00 PM   #6376
apar
Private First Class
88
Rep
137
Posts

Drives: E92 M3
Join Date: May 2012
Location: San Diego

iTrader: (1)

Quote:
Originally Posted by antzcrashing View Post
Roaring kitty exercises option to purchase Gamestop shares Friday (doubling down). Now hodls 30 mil worth at $160/share and another 3.5 mil in cash
Ya I saw he purchased 100K more shares. Pretty wild. I'm not sure how the market will react this time though, I feel it will be rather muted this time around but we'll see. Last time he purchased 50K shares @ $38 and the stock rallied a few days later.

Probably worth it to buy some options that expire in a week or two as a lotto ticket just in case it spikes again.
Appreciate 1
      04-17-2021, 08:09 PM   #6377
premier3is
Major
premier3is's Avatar
1627
Rep
1,002
Posts

Drives: 2019 BMW 330i M-Sport
Join Date: Jul 2019
Location: CA

iTrader: (0)

Quote:
Originally Posted by apar View Post
Quote:
Originally Posted by antzcrashing View Post
Roaring kitty exercises option to purchase Gamestop shares Friday (doubling down). Now hodls 30 mil worth at $160/share and another 3.5 mil in cash
Ya I saw he purchased 100K more shares. Pretty wild. I'm not sure how the market will react this time though, I feel it will be rather muted this time around but we'll see. Last time he purchased 50K shares @ $38 and the stock rallied a few days later.

Probably worth it to buy some options that expire in a week or two as a lotto ticket just in case it spikes again.
Have you seen the premiums for it? Not trying to lose a few grand in a week on OTM calls.
Appreciate 0
      04-26-2021, 01:23 PM   #6378
XKxRome0ox
e90noob
XKxRome0ox's Avatar
United_States
1588
Rep
1,857
Posts

Drives: '08 E90 M3
Join Date: Mar 2012
Location: Los Angeles, CA

iTrader: (4)

who messes with the SPACs?

I'm keeping an eye on a few of them
i want to throw some money at IPOE and PSTH
__________________
2008 E90 M3 / LCI trunk + euro tail swap

Production date - 2008-04-22
Appreciate 0
      04-27-2021, 12:11 AM   #6379
monkeyjuice5150
Private
29
Rep
84
Posts

Drives: e46 330
Join Date: Jan 2009
Location: San Francisco

iTrader: (1)

everyone go buy LAZR!
Appreciate 1
      04-27-2021, 04:12 PM   #6380
kanovic
Lieutenant
456
Rep
519
Posts

Drives: 06 evo
Join Date: Sep 2013
Location: Rossville Ga

iTrader: (0)

Quote:
Originally Posted by monkeyjuice5150 View Post
everyone go buy LAZR!
Why?
Appreciate 1
P111541.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 10:29 AM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST