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Started By
Message
1
Posted on 3/15/11 at 2:39 pm to FunkyTiger
quote:
I wish I had enough money to substantially benefit off of a 1% move or less.
Truth!
Posted on 3/15/11 at 2:42 pm to TigeRoots
quote:
Truth!
I thought I was going to read some insane play he made.
Posted on 3/15/11 at 2:42 pm to LSURussian
quote:How the heck did you get access to my IRA?
Not if it's in your SEP/IRA!
Posted on 3/15/11 at 2:45 pm to FunkyTiger
quote:meh.
I thought I was going to read some insane play he made
Most folks would settle for a 1%/day gain.
Posted on 3/15/11 at 2:45 pm to NC_Tigah
Okay....MY SEP/IRA!
Posted on 3/15/11 at 2:48 pm to LSURussian
quote:
meh.
Most folks would settle for a 1%/day gain.
I mean, I know what you mean, but you get the picture. He watched his money for 20-45 minutes while they sit their cash with someone for a whole year without even looking.
This post was edited on 3/15/11 at 2:50 pm
Posted on 3/15/11 at 2:51 pm to FunkyTiger
Yeah, transaction fees for me are 25-25 BPs on average.
I gotta catch a bigger move than 1%.
I gotta catch a bigger move than 1%.
Posted on 3/15/11 at 2:53 pm to TheHiddenFlask
Exactly THF, I almost don't even bother unless it is around 5-6%. I can tell you I would rather sit my money for a month and gain 10-12% if I can though.
Posted on 3/15/11 at 3:03 pm to TheHiddenFlask
quote:Schwab charges $8.95 fixed fee each buy/sell transaction. If a filled order is, for example, for $50,000, the fee comes to about 1.8 b.p.'s, which means almost a negligible factor.
transaction fees for me are 25-25 BPs on average.
Posted on 3/15/11 at 3:15 pm to LSURussian
quote:
LSURussian
YGM.
Don't feel obliged, I just thought I would offer.
Posted on 3/15/11 at 3:20 pm to TheHiddenFlask
YGM
Posted on 3/15/11 at 4:14 pm to FunkyTiger
quote:
Exactly THF, I almost don't even bother unless it is around 5-6%.
You could have done better than 6% buying the most recent TIPS at auction on 2/15 and selling yesterday or today. Fact.
Posted on 3/15/11 at 5:53 pm to FunkyTiger
quote:OK, some different investment (non-OTish) pearls just FWIW.
Exactly THF, I almost don't even bother unless it is around 5-6%. I can tell you I would rather sit my money for a month and gain 10-12% if I can though.
There are a few days like today where very short term gains are definitely low hanging fruit.
But to be very bland (for the younger guys here), days like today (or perhaps next Monday in f/u to Options Friday) also provide great opportunities to build LONG TERM capital holdings. Admittedly, the need to consider LTCGs and tax exposure is dependent on income bracket. Admittedly the concept of holding securities a year for a 'meager' 10-30% gain isn't sexy. But it is very productive. Very! Productive!
IMO the market will pull back a bit more. When it does, pick stocks that are best in breed (sector). Buy them. Intend to keep them >1yr. Be patient. Be smart. Be frugal. Keep eyes on the horizon. Keeping in mind that ""unearned income"" is really anything but ""unearned"".
Mrs NC and I were kids who grew up in very modest situations. We're still the same people, but the "situations" have changed logarithmically. Beyond our imaginations! Success like that is all a matter of understanding personal strengths/weaknesses (i.e., BatonRouge is not WallSt), and then capitalizing on frugality and strengths. But in the moment, it's almost never sexy or a homerun.
Posted on 3/15/11 at 5:54 pm to NC_Tigah
quote:
But to be very bland (for the younger guys here), days like today (or perhaps next Monday in f/u to Options Friday) also provide great opportunities to build LONG TERM capital holdings. Admittedly, the need to consider LTCGs and tax exposure is dependent on income bracket. Admittedly the concept of holding securities a year for a 'meager' 10-30% gain isn't sexy. But it is very productive. Very! Productive!
Meh. If you think you can flip intra-day for 5-6%, what is the purpose of long-term holdings?
Posted on 3/15/11 at 7:13 pm to tigerpawl
quote:
Why are Gold and Silver taking a hit today? Those are usually inverse of the market and normally trend up during turmoil
Two main reasons are that the Bank of Japan sold a lot of there physical gold to pump money into there market and investors in Japan sold paper gold to cover losses in there market.
Posted on 3/15/11 at 7:37 pm to LSU0358
Do you have a link for your information? Thanks.
Posted on 3/15/11 at 7:40 pm to Tiger JJ
This post was edited on 3/16/11 at 9:03 am
Posted on 3/15/11 at 7:44 pm to Tiger JJ
I tip my hat to anyone who can consistently make 5-6% intraday. I don't think even superior managers/investors can do that.
I am happy to make .50-.75% per flip net of fees. One percent intraday on a trade is a homerun.
I am happy to make .50-.75% per flip net of fees. One percent intraday on a trade is a homerun.
Posted on 3/15/11 at 8:03 pm to LSURussian
Eh ... my carefully-weighted index portfolio lost money today. Not very much though, under 1%. I really bit my tongue when I bought a bond index but today am happy I did, that proved useful when the Black Swan tsumani hit.
This post was edited on 3/15/11 at 8:04 pm
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