Titandan Posted November 22, 2024 Report Share Posted November 22, 2024 1 minute ago, abenjami said: How old are you? LOL Too ashamed LOL I'm 45 years young Link to post Share on other sites More sharing options...
SleepingTitan Posted November 22, 2024 Report Share Posted November 22, 2024 6 hours ago, headhunter said: Or you know the holiday season Idk if we will see a big holiday season this year. Americans are pretty tapped on revolving credit, but per usual they could continue spending. My personal finances will be taking a more conservative posture. We've increased investment and saving and pulled back spending. Link to post Share on other sites More sharing options...
OILERMAN Posted November 22, 2024 Report Share Posted November 22, 2024 7 hours ago, headhunter said: Imagine how much you would've lost if Harris won I don't have to, I see what the market did under Obama and Biden. Very well ChemEngr79, Downtown, headhunter, and 1 other 3 1 Link to post Share on other sites More sharing options...
OILERMAN Posted November 22, 2024 Report Share Posted November 22, 2024 4 hours ago, abenjami said: I bought back in during the covid crash at a point where there wasn't any real long term damage done. Perfect timing! abenjami 1 Link to post Share on other sites More sharing options...
OILERMAN Posted November 22, 2024 Report Share Posted November 22, 2024 I don't give a shit who the president is or what's going on. I just keep buying and accumulating. Titandan, and FRT 1 1 Link to post Share on other sites More sharing options...
Hooty_McBoob Posted November 22, 2024 Report Share Posted November 22, 2024 5 hours ago, OILERMAN said: I don't give a shit who the president is or what's going on. I just keep buying and accumulating. People just don’t get it. Time in the market is so much better than timing the market. It’s free money for a properly divested portfolio. Keep buying, live on less than you bring in, etc. Wash, Rinse, Repeat. OILERMAN, and ctm 1 1 Link to post Share on other sites More sharing options...
ctm Posted December 5, 2024 Report Share Posted December 5, 2024 Santa Claus is delivering early. OILERMAN 1 Link to post Share on other sites More sharing options...
FRT Posted January 1 Report Share Posted January 1 Been riding this wave just like most on here and see where I’m at now after 35 years of investing. I would highly recommend reading the book by Ed Slott - The Retirement Savings Time Bomb Ticks Louder. Basically it becomes less about what you have accumulated but about what you keep. Of course it is on Amazon audio books but it might be a little heavy for the audio book so pay the $10 for the paperback. You won’t regret it. OILERMAN 1 Link to post Share on other sites More sharing options...
OILERMAN Posted January 1 Report Share Posted January 1 1 hour ago, FRT said: Been riding this wave just like most on here and see where I’m at now after 35 years of investing. I would highly recommend reading the book by Ed Slott - The Retirement Savings Time Bomb Ticks Louder. Basically it becomes less about what you have accumulated but about what you keep. Of course it is on Amazon audio books but it might be a little heavy for the audio book so pay the $10 for the paperback. You won’t regret it. I listen to Slott's podcast. FRT 1 Link to post Share on other sites More sharing options...
9 Nines Posted January 1 Report Share Posted January 1 (edited) I just started getting back into individual stocks after being only ETFs, which is still like 99% of my equity holdings. Something I noticed that is pretty amazing is how active the option market is. Brokerages used to be shy about clients using options, now they promote it with primers on zero-day options, trading options expiring that day. There are options, even on small cap stocks, expiring every week. This seems a great opportunity in volatile stocks by writing a few days long covered calls. Being volatile, the premiums are high so you can get good premiums on a strike price higher than the stock is now that expire in just a few days. Before it would be like a month out, strike near the same price as the stock just to get like $1. A situation completely taking out your upside for peanuts. A loser's game. But being able to get a decent premium at strike higher than the stock that expires quickly, even if you get your stock called, you got the premium and a gain in the stock, plus unless a huge move, you can likely buy the stock back in a few days at a lower price since it is volatile. In a volatile stock, you could make 10 to 15% in a month writing calls once a week and unless you get caught with the stock going up 30% or more, you will likely be able to buy the stock back if called in a few days. I am doing it in my Roth, so it is all tax free forever! Edited January 1 by 9 Nines Supdawg 1 Link to post Share on other sites More sharing options...
FRT Posted January 2 Report Share Posted January 2 19 hours ago, 9 Nines said: I am doing it in my Roth, so it is all tax free forever! That is what they implied about Social Security back in the day as well. As Congress continues to grow the National debt by $10 Billion dollars a day they are going to come looking for a way to pay China back at some point. Link to post Share on other sites More sharing options...
9 Nines Posted January 2 Report Share Posted January 2 (edited) 4 hours ago, FRT said: That is what they implied about Social Security back in the day as well. As Congress continues to grow the National debt by $10 Billion dollars a day they are going to come looking for a way to pay China back at some point. LOL The US is not borrowing anything. US dollars are debt instrument, with no interest, just as the bonds but the bonds generally pay interest. China, as other net exports companies, choose to put some of their net proceeds in treasury bonds instead of spending it or leaving it in lower interest cash accounts. Every issue of Treasury bonds are oversubscribed - more bidders than issued bonds. So if China decides it does not want bonds, there are many countries and entities who will buy any bonds they have left over. Primer from chat: Described the role of primary dealers in treasury issues: ChatGPT said: What Primary Dealers Do: Participation in Auctions: Primary dealers are obligated to participate in U.S. Treasury auctions, ensuring there is sufficient demand. They often buy a substantial portion of the bonds, but not necessarily all of them. Market Making: They resell the bonds they purchase to investors in the secondary market, including institutions, hedge funds, and individual investors. Support Market Liquidity: By actively trading Treasuries, they help maintain liquidity and stability in the market. Other Buyers: Treasury bonds are also purchased directly by other entities, such as: Foreign governments and central banks. Pension funds. Mutual funds and ETFs. Individual investors via non-competitive bids. Role of Non-Competitive Bids: In addition to primary dealers, other buyers can place non-competitive bids, where they agree to accept the yield determined at the auction. These bids are filled first, and the remaining bonds are sold to competitive bidders, including primary dealers. In summary, while primary dealers ensure the auction's success by purchasing a significant share, they are not the sole buyers. The system is designed to attract a wide range of participants. 4o You said: Do bids normally exceed the issue? ChatGPT said: ChatGPT Yes, bids at U.S. Treasury auctions typically exceed the size of the issue. This is measured by the bid-to-cover ratio, which reflects the total amount of bids submitted divided by the total amount of securities offered. A ratio greater than 1.0 indicates that the auction was oversubscribed, meaning there was more demand than supply. Why Do Bids Normally Exceed the Issue? High Demand for Safe Assets: U.S. Treasury securities are considered some of the safest investments, attracting strong demand from both domestic and international investors. Diverse Buyer Base: Buyers include primary dealers, institutional investors, foreign governments, and individual investors. This broad participation contributes to high bidding activity. Liquidity Needs: Banks, hedge funds, and other financial institutions often purchase Treasuries to meet regulatory liquidity requirements or as collateral in financial transactions. Non-Competitive Bids: Many investors submit non-competitive bids, ensuring they receive their requested allocation regardless of the final yield. These bids add to the overall demand. Trading and Arbitrage: Primary dealers and institutional investors often bid more than they intend to hold to maintain market-making operations or take advantage of arbitrage opportunities. Typical Bid-to-Cover Ratios: For short-term Treasury bills: Ratios are often higher, typically ranging from 2.5 to 4.0. For longer-term notes and bonds: Ratios tend to be slightly lower but still above 1.0, usually between 2.0 and 3.0. Edited January 2 by 9 Nines OILERMAN 1 Link to post Share on other sites More sharing options...
Titandan Posted January 8 Report Share Posted January 8 On 1/1/2025 at 2:39 PM, 9 Nines said: I just started getting back into individual stocks after being only ETFs, which is still like 99% of my equity holdings. Something I noticed that is pretty amazing is how active the option market is. Brokerages used to be shy about clients using options, now they promote it with primers on zero-day options, trading options expiring that day. There are options, even on small cap stocks, expiring every week. This seems a great opportunity in volatile stocks by writing a few days long covered calls. Being volatile, the premiums are high so you can get good premiums on a strike price higher than the stock is now that expire in just a few days. Before it would be like a month out, strike near the same price as the stock just to get like $1. A situation completely taking out your upside for peanuts. A loser's game. But being able to get a decent premium at strike higher than the stock that expires quickly, even if you get your stock called, you got the premium and a gain in the stock, plus unless a huge move, you can likely buy the stock back in a few days at a lower price since it is volatile. In a volatile stock, you could make 10 to 15% in a month writing calls once a week and unless you get caught with the stock going up 30% or more, you will likely be able to buy the stock back if called in a few days. I am doing it in my Roth, so it is all tax free forever! I tried covered call options on Ford Stock 2 years ago. I seriously need to do some more homework on that. Let me know which stocks you work on and if you have have success. 10% return every month is crazy good. Good luck! Link to post Share on other sites More sharing options...
9 Nines Posted January 8 Report Share Posted January 8 13 minutes ago, Titandan said: I tried covered call options on Ford Stock 2 years ago. I seriously need to do some more homework on that. Let me know which stocks you work on and if you have have success. 10% return every month is crazy good. Good luck! I remembered after doing some, that I do not care for covered calls. It limits upside for peanuts. Swing trading targeting near daily highs and lows with limit orders is probably more productive but you can lose stock that way too. Link to post Share on other sites More sharing options...
Titandan Posted January 8 Report Share Posted January 8 7 minutes ago, 9 Nines said: I remembered after doing some, that I do not care for covered calls. It limits upside for peanuts. Swing trading targeting near daily highs and lows with limit orders is probably more productive but you can lose stock that way too. Well if you do it "correctly," it's a somewhat passive income opportunity according to my friend. I ended up just sticking to value stocks but ended up with 60% of my Roth IRA portfolio being tech stocks haha Link to post Share on other sites More sharing options...
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