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  1. #1
    Stocks/Investments Moderator boneil's Avatar
    Join Date
    Jul 2010
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    Aberdeen, MD
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    13,016

    Just to be honest

    I've just about liquidated everything. For good reasons though, some good and exciting possibilities in our life recently happened. I am fearful of the economy and markets over the next 6months to a year, which played a role in my decision. It's one of those things where I know I'm gonna need the money for a move to a new state probably within the next year and I'm okay with missing any market or stock gains that may happen, but I would certainly feel it if I lost a significant amount of money over that time. And this has nothing to do with a retirement account, this was simply my trading account.

    So as it stands I literally have 1 share of TSLA and 5 shares of NVDA and a little cash in the account to keep it open.

    Not that anyone should take any financial advice from anyone on a fishing board. I just wanted you all to know I don't have any skin in the game when reading my commentary. Which is how we all should read everything here
    They're eating the Penguins, they're eating the seals...

  2. Member
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    Jun 2009
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    Beauregard, Alabama
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    #2
    Good luck and Best wishes on your upcoming changes/endeavors.

  3. Member
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    Jun 2018
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    Tucson, AZ
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    #3
    Yeah good luck man! I've got my 401k and a long term account with a financial advisor that I trust and I don't worry about what they are doing. I just keep sending money from my paycheck every month and letting it grow.

    Now my gambling account at TDA on the other hand is sitting with the proceeds of my recent I bond sale in SWVXX money market fund pulling 5%. I've got about $8,000 in RYLD pulling 11%, but I'm expecting pretty heavy volatility over the next year or so. I don't have any individual stocks in my gambling account at the moment.

    If RYLD continues to drop, I may pick up some more to drop my cost basis...
    1994 Ranger 492VS
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  4. Member
    Join Date
    Dec 2010
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    carthage
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    #4
    All I got is my play fund. I put about 250 a month in as well as any dividends. For a while I was under water because of starting back investing at the wrong time but I've been ahead for a couple of months now although my profits have slimmed the last month. Going to keep trying to build this fund for another revenue stream once I really get ready to retire. I'd like to see it at 100k or so in the next eight to ten years.

    I do have a little Amazon and Tesla as well a a couple more but most of mine is in ETF's. My problems is I like taking profit too much instead of letting my stuff build.

  5. Member
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    Jun 2018
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    Tucson, AZ
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    #5
    I gambled today and picked up 1500 RAD @ 42 cents on the hopes it gets a BK turnaround assist and gets picked up as a meme stock lol...
    1994 Ranger 492VS
    2004 Optimax 225 - 0T920364
    6" Hydro Dynamics Manual Jack Plate
    24p Fury 4
    24v 47" Lowrance Ghost / Lowrance HDS


  6. Member
    Join Date
    Dec 2018
    Location
    Fox Lake IL
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    1,117
    #6
    Quote Originally Posted by apenland01 View Post
    I gambled today and picked up 1500 RAD @ 42 cents on the hopes it gets a BK turnaround assist and gets picked up as a meme stock lol...
    You think?
    Rad Brewer

  7. Member
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    Jun 2018
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    Tucson, AZ
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    #7
    Pure gamble, could go either way in the form of a buyout, bailout or lose my $420. I sold 500 at 44 cents this morning so I just have an even 1000 shares. It's been holding steady, but who knows what will happen with it.
    1994 Ranger 492VS
    2004 Optimax 225 - 0T920364
    6" Hydro Dynamics Manual Jack Plate
    24p Fury 4
    24v 47" Lowrance Ghost / Lowrance HDS


  8. Member
    Join Date
    Jun 2018
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    Tucson, AZ
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    #8
    Just sold another 500 at 69 cents, I have another sell order for the last 500 shares at $1....
    1994 Ranger 492VS
    2004 Optimax 225 - 0T920364
    6" Hydro Dynamics Manual Jack Plate
    24p Fury 4
    24v 47" Lowrance Ghost / Lowrance HDS


  9. Member
    Join Date
    Mar 2014
    Location
    Arkansas
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    7,052
    #9
    Same. With them transitioning me in early November I'm debating pulling a whole bunch of money out of there. I'm sure the transition will go smooth but ya know

  10. Member
    Join Date
    Nov 2011
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    Coral Springs, Florida
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    11,937
    #10
    I just got done meeting with the builder in South Carolina. We are selling our home in NC (closing Monday) and they should start pulling permits for the new home in about 2 months. I am keeping a ton of cash in a treasury money market fund since I know I will need the cash. It would suck to have to sell at a loss if you need the cash for a home. Nothing wrong with earning 5% on it while you wait to spend it.

  11. Member
    Join Date
    Jan 2017
    Location
    Grant, Alabama
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    404
    #11
    I might be missing something, and honestly have been thinking about selling a lot of MSFT stock I have. Is there some way to lessen the dent of the 15 percent long gain tax -- im not afraid of paying it I just dont want to owe another tax.

    are you putting your cash anywhere? gold or high yield CD's in the mean time?