The Stock Market and Investing

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  • carnaughtcarnaught Desert SWMember Posts: 3,109
    Tried to do a transaction of my E-Trade and transactions "are not available - try again later". Anyone else noticed this with their financial company? Many are predicting a precipitous drop in the market due to the new policies on the horizon.

    What do you gurus think?
  • ab348ab348 Dartmouth, Nova Scotia, CanadaMember Posts: 15,129
    carnaught said:

    Many are predicting a precipitous drop in the market due to the new policies on the horizon.

    Please provide details.

    2017 Cadillac ATS Performance Premium 3.6, 1968 Oldsmobile Cutlass S Holiday Coupe

  • carnaughtcarnaught Desert SWMember Posts: 3,109
    Some financial advisors on financial sites are not recommending "sell", rather are predicting a >50% market drop. Who knows??
  • ab348ab348 Dartmouth, Nova Scotia, CanadaMember Posts: 15,129
    Are you talking about the ones featured in clickbait ads displayed on the bottom of certain website pages?

    2017 Cadillac ATS Performance Premium 3.6, 1968 Oldsmobile Cutlass S Holiday Coupe

  • cdnpinheadcdnpinhead Forest Lakes, AZMember Posts: 5,063
    As always, when things look like they're out of the ordinary, like the significant runup of the market last year, followed by a major change in the U.S. Government, I rebalance. Right after the first of the year I let the winners (equities) pay the losers (though the bond index fund wasn't all that shabby) which in my world are the bond and money market funds. Either way I'll either continue to win on the equities going forward or I'll lose quite a bit less than I would have if stocks take a bath.

    YMMV
    '08 Acura TSX, '17 Subaru Forester
  • qbrozenqbrozen Member Posts: 29,263
    This morning was rough. Both TD and Etrade were not functioning. By the time they were back, the market was 500 pts down. Most are blaming the whole Gamestop game to be the cause of the system problems.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • carnaughtcarnaught Desert SWMember Posts: 3,109
    carnaught said:

    Some financial advisors on financial sites are not recommending "sell", rather are predicting a >50% market drop. Who knows??

    Nope...

  • kyfdxkyfdx Moderator Posts: 191,046
    qbrozen said:

    This morning was rough. Both TD and Etrade were not functioning. By the time they were back, the market was 500 pts down. Most are blaming the whole Gamestop game to be the cause of the system problems.

    Without a doubt

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  • kyfdxkyfdx Moderator Posts: 191,046
    carnaught said:

    Some financial advisors on financial sites are not recommending "sell", rather are predicting a >50% market drop. Who knows??

    Those aren't financial advisors, those are pundits.

    If your financial advisor predicts stocks are going to drop by 50%, ask him if he's Nostradamus, and find a new advisor.

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  • carnaughtcarnaught Desert SWMember Posts: 3,109
    kyfdx said:

    carnaught said:

    Some financial advisors on financial sites are not recommending "sell", rather are predicting a >50% market drop. Who knows??

    Those aren't financial advisors, those are pundits.

    If your financial advisor predicts stocks are going to drop by 50%, ask him if he's Nostradamus, and find a new advisor.

    Like I said, “who knows”?

  • kyfdxkyfdx Moderator Posts: 191,046
    carnaught said:

    kyfdx said:

    carnaught said:

    Some financial advisors on financial sites are not recommending "sell", rather are predicting a >50% market drop. Who knows??

    Those aren't financial advisors, those are pundits.

    If your financial advisor predicts stocks are going to drop by 50%, ask him if he's Nostradamus, and find a new advisor.

    Like I said, “who knows”?

    That is exactly my point. Investing on pundit predictions is no way to build wealth.

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  • corvettecorvette United StatesMember Posts: 8,472
    edited January 29
    kyfdx said:

    carnaught said:

    Some financial advisors on financial sites are not recommending "sell", rather are predicting a >50% market drop. Who knows??

    Those aren't financial advisors, those are pundits.

    If your financial advisor predicts stocks are going to drop by 50%, ask him if he's Nostradamus, and find a new advisor.
    Better yet, read a couple of basic investing books, and you'll probably know 99% of the important stuff a financial advisor knows (so you can be your own advisor), plus you won't have a conflict of interest in trying to sell products to yourself.
  • corvettecorvette United StatesMember Posts: 8,472
    Thought this might fit here:

  • ab348ab348 Dartmouth, Nova Scotia, CanadaMember Posts: 15,129
    I have to think that those Reddit gamers are going to take it in the neck sooner or later.

    2017 Cadillac ATS Performance Premium 3.6, 1968 Oldsmobile Cutlass S Holiday Coupe

  • stickguystickguy Member Posts: 42,061
    last man left holding the bag is going to lose big. Though if there are enough people involved, won't be too bad per head.

    2020 Acura RDX tech SH-AWD

  • imidazol97imidazol97 Crossroads of America I70 & I75 Member Posts: 25,712
    The big companies supported by the fed laws and tax codes seem to have performed a Parler on the Robinhood trading company. Can't have anyone other that the big hedge firms squeezing money out of little people.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • omarmanomarman Member Posts: 2,702
    edited January 29
    I read a post on another topic regarding Robinhood restricting GME trades. The explanation given was that "Robinhood had to stop accepting orders, because their credit line with the clearinghouse couldn't cover all of the orders."

    I thought Robinhood was self clearing and found a link to a December 2020 list of exchanges and clearing houses indicating that Robinhood offers "Clearing by Robinhood."

    And here's a link to an interview with Vlad Tenev Robinhood CEO dated Friday January 29, 2021.

    The interviewer pointed out that, "You did Clearing by Robinhood, that's what you went that direction to internalize this stuff. So I mean, it sounds like this was the first time that system was stressed. So you know, at what point did you realize that might have been an issue here? And I guess, maybe retroactively, if you had gone with an outside clearinghouse, would some of these issues have happened?

    VLAD TENEV: You know, it's hard to say the counterfactual. All I could say is, again, we're very confident about our future.

    The interviewer pressed again saying, "And I just got to return to my question, because it doesn't really sound like you answered it, in terms of when you realized this was going to be a problem...And TD Ameritrade and Schwab didn't cut off buys...So at what point did you realize there were issues around this that you were going to need to raise a billion dollars?"

    VLAD TENEV: Well, look, I don't really want to get into the details of exactly what happened when.

    The interviewer also asked if Vlad would respond to, "...some of those conspiracy theories that we heard that you guys sold out to Citadel or said some of the things? Set the record straight on why you made this decision."

    VLAD TENEV: "Our decision to temporarily restrict customers from buying certain securities had nothing to do with a market maker or a market participant or anyone like that putting pressure on us or asking us to do that. It was entirely about market dynamics and clearinghouse deposit requirements, as per regulation."



    A time to embrace, and a time to refrain from embracing.
  • qbrozenqbrozen Member Posts: 29,263

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • omarmanomarman Member Posts: 2,702
    A long time ago, last year, (December) Robinhood paid a $65 million penalty to settle SEC charges of failing to fully disclose payment for order flow revenue and also failing to obtain the best terms when executing customer trades.

    Glad that's all behind them now! Could Robinhood's current issues with restricting customer trades and dependency on market makers for revenue have any possible connection to such old business from the past years? Their CEO thinks not. In this bright and shiny new year of 2021, Robinhood declares itself a hero of SEC compliance! See? They told you so before. It's the government's fault. Ok that's more like it.

    I think Vlad should do more interviews.


    A time to embrace, and a time to refrain from embracing.
  • dad23dad23 ColoradoMember Posts: 628
    Just a quick question, somewhat in light of current events, but something I've been considering for a while. How much of your portfolio is in single stocks opposed to mutual funds? We have about half of ours in single stocks, Amazon, Apple, Microsoft, etc, everything else in mutual funds/etfs/cefs.
  • stickguystickguy Member Posts: 42,061
    see, this is why you should be fully invested in having a house, nice car, and being otherwise broke. No need to worry about the markets!

    2020 Acura RDX tech SH-AWD

  • stickguystickguy Member Posts: 42,061
    dad23 said:

    Just a quick question, somewhat in light of current events, but something I've been considering for a while. How much of your portfolio is in single stocks opposed to mutual funds? We have about half of ours in single stocks, Amazon, Apple, Microsoft, etc, everything else in mutual funds/etfs/cefs.

    some stocks, but probably would have been better off doing all mutual funds. That is for what we hold. 401ks are obviously funds.

    2020 Acura RDX tech SH-AWD

  • kyfdxkyfdx Moderator Posts: 191,046
    dad23 said:

    Just a quick question, somewhat in light of current events, but something I've been considering for a while. How much of your portfolio is in single stocks opposed to mutual funds? We have about half of ours in single stocks, Amazon, Apple, Microsoft, etc, everything else in mutual funds/etfs/cefs.

    About 18-20% of our financial assets are in individual stocks. 1/3 of that amount is from a stock purchase plan at our employer, that we accumulated in the late '80s.
    We both worked at the same company for 30 years, so we have most of our holdings in the mutual funds of the 401Ks where we worked. (Vanguard).

    Also, both retired, so that might skew our holdings, compared to someone that is still working.

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  • carnaughtcarnaught Desert SWMember Posts: 3,109
    All my holdings are under my mattress :) .
  • cdnpinheadcdnpinhead Forest Lakes, AZMember Posts: 5,063
    100% Vanguard mutual funds -- 38% various equity funds, 62% bonds & money market
    '08 Acura TSX, '17 Subaru Forester
  • xwesxxwesx Fairbanks, AlaskaMember Posts: 14,925
    edited January 30
    My retirement account is in mutual funds, which I think are currently about 50% stocks. I have about 90% of my individual investment account in stocks, and the rest in ETFs.

    The sale of Fitbit to Alphabet was a good one for me - I more than doubled my money there. 2020 was a good year for my holdings, but sure makes me question the value of new share acquisitions. :worried:
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • corvettecorvette United StatesMember Posts: 8,472
    I'm at about 75% stocks, 25% bonds. Have a very small individual stock holding, the rest is in mutual funds. The conventional wisdom for those who hold individual stocks is not to have more than 5% or so of your portfolio in a single stock. Also, if too many are in the same or similar sectors (i.e., technology related), you may not be well diversified.
  • qbrozenqbrozen Member Posts: 29,263
    Oh, at the moment, in my Etrade account, I’m about 10% chosen stocks, 10% employer stock, 10% cash position, and 70% ETFs.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • dad23dad23 ColoradoMember Posts: 628
    Thanks guys, put a note on my calendar to call our guy Monday 🤓
  • Sandman6472Sandman6472 Coral Springs, FLMember Posts: 5,793
    Fidelity for mutual funds and luckily, Enterprise also uses them for our 401K. Have a few stocks that I've held for awhile since I like the dividends they pay. My folks had bought some shares of stock in the company that bought out our company back in the mid 1960's and I was finally able to get them after my mom passed in 2005. Cashed those in and started investing on my own. Was lucky that when I did cash them in, it had just hit it's all time high a day or two before so it was still right up there. Dumb luck I guess...was just at the right place at the right time!

    2015 Audi A3 (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2)

  • xwesxxwesx Fairbanks, AlaskaMember Posts: 14,925

    Fidelity for mutual funds and luckily, Enterprise also uses them for our 401K. Have a few stocks that I've held for awhile since I like the dividends they pay. My folks had bought some shares of stock in the company that bought out our company back in the mid 1960's and I was finally able to get them after my mom passed in 2005. Cashed those in and started investing on my own. Was lucky that when I did cash them in, it had just hit it's all time high a day or two before so it was still right up there. Dumb luck I guess...was just at the right place at the right time!

    Yeah, dividend stocks are good beyond the individual share price. I hold a fair bit of Ford stock (within the context of my total holdings) for just that reason. Non-dividend stock only has value on paper until you sell it.
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • kyfdxkyfdx Moderator Posts: 191,046
    xwesx said:

    Fidelity for mutual funds and luckily, Enterprise also uses them for our 401K. Have a few stocks that I've held for awhile since I like the dividends they pay. My folks had bought some shares of stock in the company that bought out our company back in the mid 1960's and I was finally able to get them after my mom passed in 2005. Cashed those in and started investing on my own. Was lucky that when I did cash them in, it had just hit it's all time high a day or two before so it was still right up there. Dumb luck I guess...was just at the right place at the right time!

    Yeah, dividend stocks are good beyond the individual share price. I hold a fair bit of Ford stock (within the context of my total holdings) for just that reason. Non-dividend stock only has value on paper until you sell it.
    Too bad Ford suspended their dividend. 🙁

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  • xwesxxwesx Fairbanks, AlaskaMember Posts: 14,925
    kyfdx said:

    xwesx said:

    Fidelity for mutual funds and luckily, Enterprise also uses them for our 401K. Have a few stocks that I've held for awhile since I like the dividends they pay. My folks had bought some shares of stock in the company that bought out our company back in the mid 1960's and I was finally able to get them after my mom passed in 2005. Cashed those in and started investing on my own. Was lucky that when I did cash them in, it had just hit it's all time high a day or two before so it was still right up there. Dumb luck I guess...was just at the right place at the right time!

    Yeah, dividend stocks are good beyond the individual share price. I hold a fair bit of Ford stock (within the context of my total holdings) for just that reason. Non-dividend stock only has value on paper until you sell it.
    Too bad Ford suspended their dividend. 🙁
    Yeah, but I'll hang onto them for now. I think it will come back. They are making huge R&D investments, so it is wise for them to hold the cash.
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • kyfdxkyfdx Moderator Posts: 191,046
    xwesx said:

    kyfdx said:

    xwesx said:

    Fidelity for mutual funds and luckily, Enterprise also uses them for our 401K. Have a few stocks that I've held for awhile since I like the dividends they pay. My folks had bought some shares of stock in the company that bought out our company back in the mid 1960's and I was finally able to get them after my mom passed in 2005. Cashed those in and started investing on my own. Was lucky that when I did cash them in, it had just hit it's all time high a day or two before so it was still right up there. Dumb luck I guess...was just at the right place at the right time!

    Yeah, dividend stocks are good beyond the individual share price. I hold a fair bit of Ford stock (within the context of my total holdings) for just that reason. Non-dividend stock only has value on paper until you sell it.
    Too bad Ford suspended their dividend. 🙁
    Yeah, but I'll hang onto them for now. I think it will come back. They are making huge R&D investments, so it is wise for them to hold the cash.
    The stock has rebounded in price, nicely. Hopefully, they reinstate the dividend at some point. Suspending the dividend lowered my income by $900/yr. :(

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  • Sandman6472Sandman6472 Coral Springs, FLMember Posts: 5,793
    But I've also learned not to be greedy. When some of the stocks reach a certain high point, I do take some profits as I know eventually, they'll come back up again to maybe even higher numbers. Doesn't always work but just do like to take some profits every now and then on certain ones.

    2015 Audi A3 (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2)

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