How are your investments doing?

[Oaktree]

Say I buy the stock at $100.
I put in a sell stop at $90.
I only have $10 per share at risk with this. If the stock crashes to $90, I'm out and have a $10 per share loss. But if the price goes up to $110, I raise my sell stop up to $100. Now I'm at a break even. If the stock keeps going up, I just keep raising my sell stop up higher and higher. Once you are above the price of transaction costs and taxes, you now have zero risk in the market. The only cost that keeps going up is the marginal cost of taxes. But if it keeps going up, I'm ok with the marginal tax burden.

Then say the stock gets up to 140 and I have a sell stop at 120 and the market crashes and it hits my sell stop at 120. The tool sells all my stuff automatically and I have a profit of $20 and all I had to do is move sell stops.

There is a bit more nuance, but that is the jist. The key is you have to sell and bank profits.

Way more effort than it's worth to me. Plus, every time you sell you're looking at short term capital gains tax, which is higher than long term. Would rather not give any more to Uncle Sam than I absolutely have to.
Buy quality stocks and hold is my way of doing things.

My God Sister started at Apple as a high school intern in the 70’s…

Her Apple stock options paid for 2 typical Santa Clara homes, vacations, daughters education, etc… and she retired in her late 40’s. She never went to college.

Her dad said put every penny you can in company stock…

Not sure I would want to put all my eggs into one basket, especially an employer's stock. Then again, with only 2 exceptions (and both were part-time jobs) every company I've ever worked for is no longer in business. I guess they couldn't survive my leaving...

BTW, what's a God sister? Never heard the term before.

 

[ultrarunner]

Way more effort than it's worth to me. Plus, every time you sell you're looking at short term capital gains tax, which is higher than long term. Would rather not give any more to Uncle Sam than I absolutely have to.
Buy quality stocks and hold is my way of doing things.


Not sure I would want to put all my eggs into one basket, especially an employer's stock. Then again, with only 2 exceptions (and both were part-time jobs) every company I've ever worked for is no longer in business. I guess they couldn't survive my leaving...

BTW, what's a God sister? Never heard the term before.

In my case her parents are my God Parents…

I remember when her father said she was working for a small computer company through being a student at Cupertino High School… he is the one that told her to max stock from her minimum wage internship…

Sometimes the right place at the right time makes all the difference.

I think her husband just retired from Apple… she had already retired in her late 40’s before they met…

Some of my friends loaded up on PGE stock as employees…

I’ve never had that option to exercise.

 

[Snobdds]

Way more effort than it's worth to me. Plus, every time you sell you're looking at short term capital gains tax, which is higher than long term. Would rather not give any more to Uncle Sam than I absolutely have to.
Buy quality stocks and hold is my way of doing things.

So on brand of you...

 

[Snobdds]

The 2nd current play.

I love volatility.

 

[Snobdds]

The low volume trap...stay away from these. There may not be enough buyers when you need to sell.

 

[Sprinkler Fitter]

I could retire today but they don’t have my replacement…

All the men in my family never retired and worked until they dropped age 72-73.

Only penalty is if I make frequent changes…

Do you own the business? What if they never have a replacement for you are you going to work forever?

 

[riptides]

.....
I love volatility.

You think the crypto markets will rebound?

 

[Snobdds]

You think the crypto markets will rebound?

I could never understand the thing driving the valuations in Crypto. There is no tangible asset, only a belief. However beliefs can support things for a long time. The reasoning by the crypto bros was btc was a store of value, How? Then they said it would be the next currency. However currencies need stability and btc has way to much volititality. So what value is left.

Bitcoin is no longer interesting - the new toy in town is ai datacenter and robotics aka the future technologies. Btc was nice for a few years but has only speculative value and won't be doubling forever, slow growth = uninteresting, when paired with high risk.

There is still a ton of money in btc and for that reason, there will be people looking for value. There will be a dead cat bounce and then it's anyone's guess.

 

[ultrarunner]

Not even a share holder…

I know if I don’t do my job it impacts surgery which could be 50+ cases in a day.

Being 7 minutes from work is a plus… some coworkers spend 2-3 hours commuting…

My last vacation leaving the phone at work was 2017…

Mortgage retirement is the same month I’m social security full retirement age…

Dad and Grandfather kept working in businesses they owned knowing mom and grandmother would get big social security boosts… not really a factor for me.

 

[DarkBlack]

The 2nd current play.

I love volatility.

View attachment 4431095

Let me guess… you bought it the other day for $13