Author Topic: Stocks  (Read 1179081 times)

Offline yuneeq

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Re: Stocks
« Reply #2220 on: November 17, 2016, 02:56:07 PM »
i am talking about investing through a mutual fund, i just wanted to know if now is a good time.

No one can time the market.
Invest wisely over various spans of time.
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Offline David Smith

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Re: Stocks
« Reply #2221 on: November 17, 2016, 02:59:54 PM »
i am talking about investing through a mutual fund, i just wanted to know if now is a good time.
Put in an S&P index fund and don't look at it for a decade.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline Yammer

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Re: Stocks
« Reply #2222 on: November 17, 2016, 03:01:53 PM »
A) Don't day trade without a clue what you're doing.
B) Don't day trade without a clue what you're doing.
C) Don't day trade without a clue what you're doing.
D) Don't day trade without a clue what you're doing.
E) Don't day trade without a clue what you're doing.

Offline aj26

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Re: Stocks
« Reply #2223 on: November 17, 2016, 03:59:12 PM »
Put in an S&P index fund and don't look at it for a decade.

Agreed. Just put it in SPY and have dividends reinvested

Offline pixi

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Re: Stocks
« Reply #2224 on: November 17, 2016, 06:16:26 PM »


A) Don't  TRADE without a clue what you're doing.
B) Don't  TRADE without a clue what you're doing.
C) Don't TRADE without a clue what you're doing.
D) Don't  TRADE without a clue what you're doing.
E) Don't  TRADE without a clue what you're doing.

FTFY
money doesn't talk......      it SCREAMS !

Offline Shmulie

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Re: Stocks
« Reply #2225 on: November 17, 2016, 06:26:39 PM »
Agreed. Just put it in SPY and have dividends reinvested
I would put it in a vanguard account they have very low fees
I have my IRA in VOO

Offline avremie

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Re: Stocks
« Reply #2226 on: November 17, 2016, 06:33:57 PM »
People here prefer ETF's to regular funds?

Offline aj26

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Re: Stocks
« Reply #2227 on: November 20, 2016, 05:47:42 AM »
I would put it in a vanguard account they have very low fees
I have my IRA in VOO

Fees on spy are .09%. That is about as low as it gets

Offline aj26

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Re: Stocks
« Reply #2228 on: November 23, 2016, 03:42:33 PM »
Anyone play around with investing in covered calls? I've been doing it for a while with quite a bit of success.
Buying deep in the money covered calls for protection/hedge
Stocks with 2-4% dividend
3-7 month expirations

I'm currently earning about 8-14% a year between option premium attrition and dividends, average of 12%
Current holdings vz, aapl, bud, gild, tgt, ko, etc

Offline ExGingi

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Re: Stocks
« Reply #2229 on: November 23, 2016, 04:49:30 PM »
Anyone play around with investing in covered calls? I've been doing it for a while with quite a bit of success.
Buying deep in the money covered calls for protection/hedge
Stocks with 2-4% dividend
3-7 month expirations

I'm currently earning about 8-14% a year between option premium attrition and dividends, average of 12%
Current holdings vz, aapl, bud, gild, tgt, ko, etc
You mean SELLING (or writing) covered calls?

Unless done in a tax advantaged account, you will have short term capital gains on those.

I also occasionally sell cash covered puts.

Anyone ever look at buy-write funds? http://www.barrons.com/amp/articles/a-good-option-covered-call-funds-1448691493
« Last Edit: November 23, 2016, 04:52:54 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
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Offline aj26

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Re: Stocks
« Reply #2230 on: November 23, 2016, 06:33:57 PM »
You mean SELLING (or writing) covered calls?

Unless done in a tax advantaged account, you will have short term capital gains on those.

I also occasionally sell cash covered puts.

Anyone ever look at buy-write funds? http://www.barrons.com/amp/articles/a-good-option-covered-call-funds-1448691493

Yea,I meant buying the underlying stock and selling covered calls. For me, I'm fine with the tax disadvantages. You pay the 20% in taxes but id rather earn 12% a year in short term Gaines

Offline aj26

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Re: Stocks
« Reply #2231 on: November 23, 2016, 06:48:31 PM »
You mean SELLING (or writing) covered calls?

Unless done in a tax advantaged account, you will have short term capital gains on those.

I also occasionally sell cash covered puts.

Anyone ever look at buy-write funds? http://www.barrons.com/amp/articles/a-good-option-covered-call-funds-1448691493

The funds they talk about in the article don't perform so well. I'd prefer not to buy a basket that includes some garbage but if you don't want to do it on your own...

Offline ExGingi

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Re: Stocks
« Reply #2232 on: November 23, 2016, 06:49:05 PM »
Yea,I meant buying the underlying stock and selling covered calls. For me, I'm fine with the tax disadvantages. You pay the 20% in taxes but id rather earn 12% a year in short term Gaines
20% is the rate for long term capital gains. Short term gains get taxed at your marginal bracket IINM.

Writing covered calls is allowed in an IRA, you just need to use a broker thar allows it. (I use optionshouse).
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline aj26

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Re: Stocks
« Reply #2233 on: November 23, 2016, 08:32:46 PM »
20% is the rate for long term capital gains. Short term gains get taxed at your marginal bracket IINM.

Writing covered calls is allowed in an IRA, you just need to use a broker thar allows it. (I use optionshouse).

When I said 20%, it was an estimate of what the difference in tax rate between long term and short term are
I'm in 15% tax bracket, so on long term gains I pay $0. Short term gains I pay 15% + ~5% for state taxes (although I'm not 100% sure if my state treats long term and short term gains differently).
I employee this strategy in my IRA and Roth IRA, and am actually setting up an HSA to do the same strategy. In general, if I'm selling a cash covered put (which I do if there is no dividend such as FB), I'll try to do it in my IRA because the entire gain is taxed as short term gain if the option expires worthless. Cash covered calls I do in my regular brokerage account because the dividends on my covered calls, which comprises about 50% of the profit, are taxed at long term cap gaines rates anyway, so I pay 0% on those gains.

Offline ExGingi

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Re: Stocks
« Reply #2234 on: November 23, 2016, 08:42:06 PM »
When I said 20%, it was an estimate of what the difference in tax rate between long term and short term are
I'm in 15% tax bracket, so on long term gains I pay $0. Short term gains I pay 15% + ~5% for state taxes (although I'm not 100% sure if my state treats long term and short term gains differently).
I employee this strategy in my IRA and Roth IRA, and am actually setting up an HSA to do the same strategy. In general, if I'm selling a cash covered put (which I do if there is no dividend such as FB), I'll try to do it in my IRA because the entire gain is taxed as short term gain if the option expires worthless. Cash covered calls I do in my regular brokerage account because the dividends on my covered calls, which comprises about 50% of the profit, are taxed at long term cap gaines rates anyway, so I pay 0% on those gains.
Where do you have an HSA that allows option trading?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline aj26

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Re: Stocks
« Reply #2235 on: November 23, 2016, 08:51:40 PM »
Where do you have an HSA that allows option trading?
https://www.selectaccount.com/products/hsa/

It seems like they allow you to have a schwab brokerage account. I called one rep who said you can do option trading.

Offline aj26

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Re: Stocks
« Reply #2236 on: November 29, 2016, 08:58:00 AM »
Some info I got from Select account:
Q. What is the Charles Schwab Self-directed Brokerage Account?
The Charles Schwab Self-directed Brokerage account is an online investment account through Charles Schwab & Company. The account is accessed through the Internet at www.schwab.com. With this account you are eligible to invest your HSA balances of $10,000 or more into investments available on the Charles Schwab platform. Eligible investments include stocks, bonds, mutual funds, ETFs, and a variety of other investments on the Schwab trading platform.

Q. How do I become eligible for the Charles Schwab Self-directed Brokerage Account?

Once your SelectAccount Health Savings Account reaches a minimum level of $11,000, you are eligible to move $10,000 to the Charles Schwab Self-directed Brokerage Account. $1,000 must remain in your SelectAccount Base Savings Account.

Q. How do I open the account?

Electronic Brokerage application process: Log into your HSA account (www.selectaccount.com). Proceed to the “Investment tab” and click “Open Basic Investment Account”. After the money has moved from the HSA to the Basic Investment Account, the member will log into their HSA and click “View Investment Partner Website”. From the (Devenir) Investment “Home Page”, Under the Planning and Advice tab and “click” on the Schwab Self-directed Brokerage Electronic Account Opening link, to complete the electronic application. If you already have a Basic Investment Account this is the step they will start with to complete the application.

Q. How do I fund my Charles Schwab Self-directed Brokerage Account?

You will log into your SelectAccount HSA and click on “View Investment Partner Website” link. In the Investment Account, hover over the “Plan Services” tab and click on “Transfer Investments”. Here you will need to re-allocate the money 100% to the Schwab Self-directed Brokerage option. You will also want to change your Future Investment Elections to 100% Schwab Self-directed Brokerage account so future deposits are automatically directed to the Schwab account. Within 2-3 business days the money will be deposited into the Schwab Self-directed Brokerage Account. (To view brokerage account, go to www.schwab.com)

Q. What costs are associated with the Charles Schwab Self-directed Brokerage Account?

You will be responsible for any applicable Charles Schwab trading commissions and fees charges for the securities you buy and sell in your account. You will find information regarding these charges at www.schwab.com. In addition, an annual maintenance fee of $18.00 will be deducted from your Schwab account to cover recordkeeping costs associated with your SelectAccount HSA Charles Schwab Self-directed Brokerage Account.

Q. How do I view my SelectAccount Charles Schwab Self-directed Brokerage Account?

To view your Schwab account you will need to register your account on the www.schwab.com site. You will receive login and password access from Charles Schwab to begin viewing your account at www.schwab.com.

Note: Total account value for the Charles Schwab Self-directed Brokerage Account may be viewed on the Basic Investment Account website under the title Individually Managed Account. However, no transactions either to move money to or from the Brokerage account or to the SelectAccount base balance account can be done in the Basic Investment Account website.

Q. What if I need to take a distribution to cover medical expenses from my Charles Schwab Self-directed Brokerage Account?

Should you need to withdraw dollars from your Schwab account to pay for medical expenses, you will need to liquidate securities to cover the dollar amount you wish to withdraw from the account. Simply, log into your HSA, go to Investment and click on “View Investment Partner Website”. Under “Plan services”, click on “Transfer to Base Balance”. Distributions must flow back to your base balance account for proper yearend tax reporting of the disbursement to you.

Q. What if my Charles Schwab Self-directed Brokerage Account balance goes below 10,000?

This is acceptable.

Q. What if I have other Charles Schwab accounts? Will I be able to link my HSA to my other accounts?

Yes, if you have other Schwab accounts you will be able to “household” the SelectAccount HSA Charles Schwab Self-directed Brokerage account to your other account assets.

Offline ExGingi

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Re: Stocks
« Reply #2237 on: November 29, 2016, 09:08:14 AM »
Are you aware that Select Account is not a bank?

I am not sure who they are regulated or supervised by.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline yuneeq

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Re: Stocks
« Reply #2238 on: November 29, 2016, 02:03:11 PM »
Wow congratulations on ALK finally hitting the "bottom" again. This is a big deal, because in the last 3+ months it has been nowhere besides below the "bottom" (as much as 20% below). I'm still here to respond if you'd like to say something.

Didn't turn out so bad after all.
Now at $83  :D
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Offline stv17

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Re: Stocks
« Reply #2239 on: December 01, 2016, 05:32:57 AM »
Anyone here does day trading? if yes....can he suggest how to get started? (i.e. software? brokerage?)
i know it's a (very) risky business to get into. However, just checking the waters to see if anyone out there might be successful...
Thanks