Search found 113 matches

by dreamjob9
Wed Mar 07, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 29
Views: 5220

Re: Redfin

There is a difference between a good company to do business with and a good investment. I agree that there is a need for their services and it may be a good business model, however, I never invest in a business which is involved in a race to the bottom in pricing in search of more volume, they just...
by dreamjob9
Wed Mar 07, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Goal > Top marginal tax rate?
Replies: 49
Views: 2713

Re: Savings % Goal > Top marginal tax rate?

Seems a bunch of people got up on the wrong side of the bed this morning. I like this as a decent rule of thumb. Better than the generic ones, because it's more tailored to an individual circumstance. We're a married couple in the 12% tax bracket, but we save double that because we got a late start...
by dreamjob9
Sat Feb 24, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I am more confident than ever in Redfin. On prior conference call CEO Glenn Kelman gave insight into the final Redfin product. Redfin FREE . That's right, a consumer will get a full service real estate sales agent team (Redfin is not a discount brokerage) for FREE. If you are asking yourself, that d...
by dreamjob9
Mon Feb 12, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Didn't expect to see HOT STOCK PICKS on this board. Reads like the first few pages of the GTAT stock forums. Cool cool cool. What's wrong with discussing less expensive consumer driven companies? It's bogleheads.org. Jack Bogle, the guy who created Vanguard? Do you not believe there are similaritie...
by dreamjob9
Mon Feb 12, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Didn't expect to see HOT STOCK PICKS on this board. Reads like the first few pages of the GTAT stock forums. Cool cool cool. What's wrong with discussing less expensive consumer driven companies? It's bogleheads.org. Jack Bogle, the guy who created Vanguard? Do you not believe there are similaritie...
by dreamjob9
Mon Feb 12, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

That makes no sense. As a seller, I'm looking for a sales strategy not a cut-rate broker no matter how "cool" their website is. As a buyer, I'm looking for choices, which in my market anyway Redfin has less than 1/4 the listings as Zillow or Realtor. So tell me again, what the value-add is and/or t...
by dreamjob9
Wed Feb 07, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

mega317 wrote:
Wed Feb 07, 2018 5:31 pm
dreamjob9 wrote:
Fri Feb 02, 2018 2:04 pm
Let's see how the next 3 years play out.
dreamjob9 wrote:
Wed Feb 07, 2018 4:22 pm
Moment of truth comes after hours tomorrow.
¯\_(ツ)_/¯
Touché
by dreamjob9
Wed Feb 07, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Pinotage wrote:
Tue Feb 06, 2018 7:15 pm
Good luck OP!

I am hopeful for change in the residential real estate sales model, via Redfin or otherwise.
Thank you very much! Another good day today. Moment of truth comes after hours tomorrow.
by dreamjob9
Tue Feb 06, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Wow, five pages now...surprising. I have to say that I'm skeptical of some of the details of this thread. As posted earlier in thread... the number of shares and % led to a $2M portfolio? but the post history shows assets around 600-700k in July 2017. he was able to purchase shares at the ipo then ...
by dreamjob9
Sat Feb 03, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Interesting that no one has mentioned why Redfin went public in the first place. It was because they couldn't get any more private capital investments. The very candid Kelman said that now was the right time to go public because it had become harder to sell shares in the secondary (pre-IPO trading)...
by dreamjob9
Sat Feb 03, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Interesting that no one has mentioned why Redfin went public in the first place. It was because they couldn't get any more private capital investments. The very candid Kelman said that now was the right time to go public because it had become harder to sell shares in the secondary (pre-IPO trading)...
by dreamjob9
Sat Feb 03, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Wow, five pages now...surprising. I have to say that I'm skeptical of some of the details of this thread. As posted earlier in thread... the number of shares and % led to a $2M portfolio? but the post history shows assets around 600-700k in July 2017. he was able to purchase shares at the ipo then ...
by dreamjob9
Fri Feb 02, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Mission drive businesses are easy to root for. It makes it "feel good" to be an investor.
by dreamjob9
Fri Feb 02, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Wow, five pages now...surprising. I have to say that I'm skeptical of some of the details of this thread. As posted earlier in thread... the number of shares and % led to a $2M portfolio? but the post history shows assets around 600-700k in July 2017. he was able to purchase shares at the ipo then ...
by dreamjob9
Fri Feb 02, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I've invested in individual stocks for 30 years, and I've done very well. I've averaged about 17% annual returns. i currently own about 35 companies, and follow another dozen or so. IMO, the one advantage an individual has over most institutional investors and traders is time frames. I'm willing to...
by dreamjob9
Fri Feb 02, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I've invested in individual stocks for 30 years, and I've done very well. I've averaged about 17% annual returns. i currently own about 35 companies, and follow another dozen or so. IMO, the one advantage an individual has over most institutional investors and traders is time frames. I'm willing to...
by dreamjob9
Thu Feb 01, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Looks like a thread on Bogleheads.org is the kiss of death for RDFN. Welcome to the conversation livesoft. Your contribution to this site and my financial life has been immeasurable. I am sorry, I let you down with my pick of Redfin (RDFN). At the beginning, I said I was both happy & guilty. Let's ...
by dreamjob9
Thu Feb 01, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I'm curious why you plan to rebalance Redfin to 20% of your portfolio if it goes down? Will you rebalance if it goes up? Why did you chose 20%? Great question. I thought about this a lot. It's just enough $ that if what I think will happen, does happen, it will substantially change the 2nd half of ...
by dreamjob9
Thu Feb 01, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

For intellectual honesty & for anyone whom has taken the time to follow/contribute to this post:

Redfin is now at a market cap of 1.60B and a stock price per share of 19.75
If the share price goes below 18$, I will add to my position back to 20% of portfolio.

Dreamjob9
by dreamjob9
Wed Jan 31, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

AMAZING website This has made me laugh every time you've said it. It's nice looking but why all the fuss? Props to my friend Notorious R.O.B for doing the legwork. Wait, what? What about "I have done 100's of hours of research"? "It's nice looking but why all the fuss?" - Bogleheads may not be the ...
by dreamjob9
Wed Jan 31, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I've invested in individual stocks for 30 years, and I've done very well. I've averaged about 17% annual returns. i currently own about 35 companies, and follow another dozen or so. IMO, the one advantage an individual has over most institutional investors and traders is time frames. I'm willing to...
by dreamjob9
Wed Jan 31, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

This is not a fair comparison. The only thing these two scenarios have in common are that they are both recent IPO's. Why didn't you use ROKU as a comparison? Why is it not a fair comparison and why is ROKU a better comparison? Neither ROKU or Blue Apron are fair comparisons. That's my point. Why n...
by dreamjob9
Wed Jan 31, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Why does it have to be binomial. Professional traders vs Individual investors. Because you think your "100 hours of research" actually means something. Most professionals don't see those projections happening, otherwise the stock price would be higher. Sure, a few professionals may agree with you, ...
by dreamjob9
Wed Jan 31, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

This is not a fair comparison. The only thing these two scenarios have in common are that they are both recent IPO's. Why didn't you use ROKU as a comparison? Why is it not a fair comparison and why is ROKU a better comparison? Neither ROKU or Blue Apron are fair comparisons. That's my point.
by dreamjob9
Wed Jan 31, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Just saw this and got a kick out of it thinking about this thread. Not so long ago, delivery of meal kits to prepare at home from companies like Blue Apron was a sure bet to disrupt the grocery and restaurant and food delivery business. Now they are the subject of a "The one food trend we'll be hap...
by dreamjob9
Wed Jan 31, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

If those projections were guaranteed, the stock price would already be going through the roof. Since it's not, that means there are a ton of professionals (who do this work 12 hours a day, who have studied that stock far more hours than you) that do not believe in those projections. It doesn't mean...
by dreamjob9
Wed Jan 31, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Revenue projections based on potential growth (citation: Notorious R.O.B) (in thousands) Q2 Q3 (IPO) Q4/Year 1 Year 2 Year 3 Year 4 Zillow Avg. Uniques/Mo 20,759 24,238 23,507 34,535 54,358 76,713 Redfin Avg. Uniques/Mo 20,126 22,333 24,739 37,245 56,073 84,420 Redfin Revenue 59,868 64,660 71,623 37...
by dreamjob9
Wed Jan 31, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

OP here, A lot of posts about why I think Redfin will succeed let's start with the facts. Here are some valuable statistics at the time of their IPO (July 2017). Redfin acquires customers through its AMAZING website. It has a conversion rate between customers that visit site and evenutally buy. That...
by dreamjob9
Mon Jan 29, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I am pretty confident long term, but only because I did my DD. It's kinda like walking into an organic chemistry test after you spend months & months studying the material. What does your due diligence reveal about a 5.5% drop today? It is a reminder to ignore the day to day and focus on the big pi...
by dreamjob9
Mon Jan 29, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

and waited until after the IPO lockup on 1/24/18. Didn't they went public already in Jul 2017? Should I feel guilty? I see from your replies that you are so enthusiastic about your decision, and your confirmation bias is too strong to reconsider anyways.. I will save my valuable advise then! :happy...
by dreamjob9
Mon Jan 29, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Out of curiosity I put RDFN on my watch-list...down almost 5% today. I have learned my lesson the hard way, individual stocks are super risky, if I want this level of gambling I would just bet on sports... Go Patriots OP here. I'm not day trading. If the stock goes down 25%, I will still sleep peac...
by dreamjob9
Sun Jan 28, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I can't believe I'm sucked back in. I don't think of Redfin as a stock price. What are you hoping to get from your investment if not an increase in the stock price? The stock price is a byproduct of human decision. Humans decision making is unpredictable. The growth of Redfin is a complex math equa...
by dreamjob9
Sun Jan 28, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I'm reading a Larry Swedroe book right now called "Rational Investing in Irrational Times". It covers 52 types of mistakes investors make (one for each week of the year?). I am finding so many of these mistakes in the behaviors of everyday investors. I feel the need to share them. I thought about t...
by dreamjob9
Sat Jan 27, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Thaks, dreamjob9. I looked at Rdfn, when they went IPO. It went up very fast and then came down a lot. At the time we had other things happening which prevented my normal trading pattern. To be fully honest, I first bought Redfin the day the IPO came out at 19$. I sold 90% when it hit 31$ and have ...
by dreamjob9
Sat Jan 27, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

what's your exit strategy? Do you have one? You should. The purpose of investing is to make money or give away as a charitable deduction. How much do you want to/plan to make before you sell? If the IPO lockup ended that means those who got in on the IPO just got out by selling their stock to you. ...
by dreamjob9
Sat Jan 27, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Edited to include strategy of using Zillow. To be fully honest, I first bought Redfin the day the IPO came out at 19$. I sold 90% when it hit 31$ and have now boughten back in last thursday using the profits. I read that Zillow stock shares droped 11 % on the day the IPO lockout period expired. I fi...
by dreamjob9
Sat Jan 27, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Thaks, dreamjob9. I looked at Rdfn, when they went IPO. It went up very fast and then came down a lot. At the time we had other things happening which prevented my normal trading pattern. To be fully honest, I first bought Redfin the day the IPO came out at 19$. I sold 90% when it hit 31$ and have ...
by dreamjob9
Sat Jan 27, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

BTW, OP, Why RDFIN? and not, Z ? Believe it or not Redfin & Zillow have totally different business models. Although, they started near the same time and their headquarters share a parking lot they have little in common when it comes to how they make their $. Zillow makes $ by allowing real estate a...
by dreamjob9
Sat Jan 27, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Thaks, dreamjob9. I looked at Rdfn, when they went IPO. It went up very fast and then came down a lot. At the time we had other things happening which prevented my normal trading pattern. To be fully honest, I first bought Redfin the day the IPO came out at 19$. I sold 90% when it hit 31$ and have ...
by dreamjob9
Sat Jan 27, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Wow 20% is a lot. If you want to be talked down a bit, chatting with a few experienced (non Redfin and Redfin) agents about Redfin might do that. I went from being excited about their business to feeling like they are mainly a referral service with a nice website/app that spends all of their referr...
by dreamjob9
Sat Jan 27, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Wow 20% is a lot. If you want to be talked down a bit, chatting with a few experienced (non Redfin and Redfin) agents about Redfin might do that. I went from being excited about their business to feeling like they are mainly a referral service with a nice website/app that spends all of their referr...
by dreamjob9
Sat Jan 27, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

BTW, OP, Why RDFIN? and not, Z ? Believe it or not Redfin & Zillow have totally different business models. Although, they started near the same time and their headquarters share a parking lot they have little in common when it comes to how they make their $. Zillow makes $ by allowing real estate a...
by dreamjob9
Sat Jan 27, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Olemiss540 wrote:
Sat Jan 27, 2018 11:30 am
eye.surgeon wrote:
Fri Jan 26, 2018 8:22 pm
"I consider myself a Boglehead but I put 20% of my portfolio in a single hot stock"

:beer
I consider myself a Texan but was born, raised, and currently reside in Illinois.
This made me lol! Well done! :sharebeer

It sounds like my boglehead card has been revoked.
by dreamjob9
Sat Jan 27, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

almost sounds like you're trying to 'pump up' the value of the stock on public BBs so you can dump it for a profit. Just the way this comes across... I don't know how to respond to that. I plan on holding this for many years. I'm sorry my enthusiasm came over as a sales pitch. That was not my inten...
by dreamjob9
Sat Jan 27, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

Wow 20% is a lot. If you want to be talked down a bit, chatting with a few experienced (non Redfin and Redfin) agents about Redfin might do that. I went from being excited about their business to feeling like they are mainly a referral service with a nice website/app that spends all of their referr...
by dreamjob9
Sat Jan 27, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I consider myself a boglehead, but I just couldn't resist. I love Redfin! There business model prides themselves on saving people money. There management including the CEO Glen Kelman seem trustworthy & full of integrity. I feel both good and guilty after buying the stock. 20% of my portfolio. I'm ...
by dreamjob9
Fri Jan 26, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I love the Redfin app and I loved their business model but I feel like they already abandoned what their core message was about early on. At least the core messaging as it was presented to me. They wanted to be the disruptor and change the industry with technology. I feel like they already abandone...
by dreamjob9
Fri Jan 26, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

I bought my house through Redfin and I love everything about them. That said, I do not know more about the company than the people that determined that it is worth nearly 2 Billion dollars. Do you, OP, know more than those people? If you do then I think you did the right thing. If you don't, then I...
by dreamjob9
Fri Jan 26, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22712

Re: I bought a stock today - Redfin (RDFN)

...For full disclosure [X%] of my portfolio is [Y] shares. You've just told us the number of dollars in your portfolio. Y times $23/share / X%. Are you really sure you wanted to do that? Are you sure you don't want to go back and remove those numbers? It doesn't bother everyone in this forum to dis...