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2020 Investment Thread

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Had the Bloomberg channel on this afternoon. There are reports of Robinhood account owners experiencing missing funds. And there is no telephone number to call.
They have an email address you can send messages to (to report your problem) and the account holders who send in email messages get canned responses back.

This is not a good sign
 
Been that way for a while. I’ve been slowly closing out positions and will do a mass switch over to Charles Schwab where I have other accounts.
 
NorCalAthlete said:
Been that way for a while. I’ve been slowly closing out positions and will do a mass switch over to Charles Schwab where I have other accounts.
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No need. You can transfer the entire account, or any amount, through Schwab without closing any position.
 
afm199 said:
Ahh. Didn't know that.:thumbup
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Decent chunk of them are currently printing, others are in the red, so I'm crossing my fingers that a strong Prime day + holiday sales bring everything up.

Currently holding the following options in Robinhood (Robinhood for play, Schwab for serious)(primarily options on Robinhood, shares on Schwab):

Ticker | Purchase price | current price | % gain/loss | Exp
NYMT | $0.10 | $0.01 | (90%) | 10/16
LOGI | $4.00 | $5.60 | 40% | 12/18
VXX | $4.20 | $2.24 | (46.67%) | 12/18
VSTO | $2.25 | $1.80 | (20%)| 12/18
NOK | $0.44 | $0.15 | (66.17%) | 1/15/21
TWTR | $3.25 | $8.40 | 158.46% |1/15/21
AAPL | $1.38 | $1.88 | 36.73% | 1/15/21
MSFT | $7.60 | $4.13 | (45.66%) | 1/15/21
OLN | $1.30 | $1.85 | 42.31% | 1/15/21
F | $0.55 | $0.38 | (30.91%) | 1/15/21
T | $0.89 | $0.64 | (28.09%) | 1/15/21
SNE | $4.40 | $1.75 | (60.23%) | 1/15/21
SWBI | $2.05 | $1.68 | (18.05%) | 1/15/21

I'm only winning on 4/13 currently still open, closed everything else out, but of those remaining those 4 are still keeping me positive overall. I'm down almost 30% from the last month, but still up over 300% for the year.

Not posting quantities of each for obvious reasons but thought you guys might want to see entry / exit points for some of this. I only started actively trading this year so I'm pretty new to taking a hand in my own financial future beyond earning the seed money for investments. Only fucking around with options at level 1, I haven't yet mastered (or even learned) level 2-3 strategies, but I think I'm doing ok for a noob.
 
Did anyone else buy Apple stocks waiting for tomorrow’s announcement of the new IPhone? How high do you think it will go?
 
I bought some around 12 years ago. Wishing I picked up a little more recently when at 105. If it was at 95 I wouldn’t be saying that.
My AAPL is a set it and forget it. If I was taking long term bets with new money it would be on MSFT.
 
Another reason why I like ADX for more than dividends, the fund is mostly(all?) large cap 'safe' investments. MSFT is their biggest slice.
 
I assume this thread isn't strictly relating to stocks, so how do we feel about buying a rental property as a means of generating income versus dividends?

Property taxes seem to negate about 1/10th of the revenue right off the bat, then of course you have to set aside a certain amount for maintenance and repairs. If you're lucky with a nice long-term tenant, turnover isn't much of a problem. I *think* I'd trust the mid-term appreciation, or stability, of a home more than the market, however much that's worth.
 
byke said:
I assume this thread isn't strictly relating to stocks, so how do we feel about buying a rental property as a means of generating income versus dividends?

Property taxes seem to negate about 1/10th of the revenue right off the bat, then of course you have to set aside a certain amount for maintenance and repairs. If you're lucky with a nice long-term tenant, turnover isn't much of a problem. I *think* I'd trust the mid-term appreciation, or stability, of a home more than the market, however much that's worth.
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Way back in this thread Rental property income was listed as one of the best sources of income for retirement. I would like to see the cost /benefit vs dividends. I'm sure risk/reward comes into play a lot.

Its hard to get around taxes anywhere, but I have found that you have to go out of state to find the right rent to purchase price that cashflows from day 1.

I could cash flow with the place that I live in Campbell, but I bought it in 2007.
 
It's one of those deals where a good property management team makes all the difference in the world.
 
speaking of which, anyone own income properties and know of any good resources to read up on? i have a friend who "owns" like 20-30 houses in a few different states but he just rents them and has property managers fix things when he needs them. i guess since the loans are leveraged its not a big deal but i found it odd that he has that many loans out at 30 y/o.
 
Having that many houses purchased under significant percentages of loans would be a bad idea, imo. I have no idea what your friend's incoming/outgoing numbers are, but if it's the, "I don't need to make anything because they pay for themselves and I'll own them all in 20-30 years" is a fast track to bankruptcy.
 
I can see the appeal of real estate, using the banks money to generate income. Not liquid enough for me though. I like being able to get out of an investment overnight if needed. That need has never really come up though but having the option is like insurance for peace of mind.

I probably wouldn’t sleep well knowing I have what turn out to be deadbeat tenants living in a property I own and dealing with eviction notices and ransacking repairs.
 
Down to one rental now. Had problems with renters in a house not paying. Took a few months to get them out. Got them out February so that was luckily.

Second renter lost his job due to covid. Reduced rent from $1200 to $800 just to keep money coming in. In 9 months I went from $2600 a month coming in to $800. Everything was paid off so I could absorb the hit. But if I had 20 properties do that, I would be bankrupt.

I am thinking of getting another rental in 2021. Both rentals were in northern Nv which has great laws for owners.
 
Laws in some areas (Seattle...) are changing to largely benefit the renter, especially now with COVID. Current cycle doesn’t seem to favour landlords.
 
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