Search found 227 matches

by flyingcows
Sun Feb 21, 2021 5:11 pm
Forum: Investing - Theory, News & General
Topic: Margin loan for cash flow
Replies: 44
Views: 3024

Re: Margin loan for cash flow

No way. Do you fully understand the margin call and forced liquidation risks involved? I would never, ever use Margin if I didn't have the ability to pay it back immediately on short notice. I only use it as collateral to trade option spreads. Do you have a house and can you just tap a HELOC instead...
by flyingcows
Sun Feb 21, 2021 2:20 pm
Forum: Investing - Theory, News & General
Topic: How common is it for 401k plans to fail ADP/ACP testing?
Replies: 4
Views: 318

Re: How common is it for 401k plans to fail ADP/ACP testing?

I used to work at a large (10,000+ employee) private company that had HCE limits, it was a bummer for anyone who made 130k or more was only allowed to contribute 6% to the 401k.
by flyingcows
Sun Feb 21, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: too much in 401k may be forced to quit job
Replies: 178
Views: 15120

Re: too much in 401k may be forced to quit job

Strange situation, does your outlier high balance have some kind of negative impact on the 401(k) plan admin cost structure? I am not sure what other negative impact this could have on others, if anything you would think they would be asking you for investment advice Also I find it odd as I understo...
by flyingcows
Sat Feb 20, 2021 1:36 pm
Forum: Personal Investments
Topic: Have you gotten your 2021 Schwab 1099 yet?
Replies: 39
Views: 2723

Re: Have you gotten your 2021 Schwab 1099 yet?

Yes, I received the consolidated 1099 from Schwab on Feb 17. A lot of option trades this year...300 pages :mrgreen: :mrgreen: OOOF! I hope you're importing that on Turbotax, rather than inputting it manually! The TurboTax import doesn't work, throws an error and says too much data. I just manually ...
by flyingcows
Sat Feb 20, 2021 11:54 am
Forum: Personal Investments
Topic: Have you gotten your 2021 Schwab 1099 yet?
Replies: 39
Views: 2723

Re: Have you gotten your 2021 Schwab 1099 yet?

Yes, I received the consolidated 1099 from Schwab on Feb 17. A lot of option trades this year...300 pages :mrgreen: :mrgreen:
by flyingcows
Wed Feb 17, 2021 9:04 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 862
Views: 53324

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

Is anyone in RIOT blockchain or any of the other crypto mining stocks? The performance is stunning even by bitcoin standards. As a bitcoin/ethereum holder, I feel a bit foolish for having no exposure to these stocks. I would if I were confident it is just a leveraged crypto play, but I don't know e...
by flyingcows
Mon Feb 15, 2021 10:46 pm
Forum: Personal Consumer Issues
Topic: Computer monitor
Replies: 40
Views: 2629

Re: Computer monitor

I have the Dell 4320Q, 43" 4K IPS with 16:9 aspect ratio. It also has both thunderbolt usbc and display port inputs (auto switching works great). love it:

https://www.dell.com/en-us/work/shop/de ... ccessories
by flyingcows
Mon Feb 15, 2021 8:15 pm
Forum: Investing - Theory, News & General
Topic: If you bought travel/leisure stocks in March 20 what is your plan?
Replies: 20
Views: 1520

Re: If you bought travel/leisure stocks in March 20 what is your plan?

You could use an option collar (sell calls against the shares your holding + buy a put for a small net credit) if you just want to lock in your gains up to this point and wait until the shares have exceeded the 1 year holding period for LTCG
by flyingcows
Sat Feb 13, 2021 7:43 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 402
Views: 30579

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Of course concentrated funds can outperform the total market in the short term, so can random people on YouTube/Reddit who pick stocks, or perhaps your neighbor who just bought whatever was trending on stocktwits. Do you think what worked last year, will work this year, and next year? If your outloo...
by flyingcows
Sat Feb 13, 2021 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is it me or a lot of 2020 tax forms late this year?
Replies: 45
Views: 4094

Re: Is it me or a lot of 2020 tax forms late this year?

Mid February has been the earliest I've ever gotten 1099s from Schwab, I wait until late march to file taxes because sometimes Schwab will send a corrected 1099 in mid March
by flyingcows
Thu Feb 11, 2021 1:22 pm
Forum: Personal Investments
Topic: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?
Replies: 71
Views: 7849

Re: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?

I haven’t touched SPACs yet but I am interested. Regarding taxes, Assuming I buy and sell these and never hold them long term for 1+ years, thus the transaction is a short term cap gain/loss, does the PFIC status matter? From what little I read, PFIC are always treated as short term gains/losses and...
by flyingcows
Mon Feb 08, 2021 4:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 13113
Views: 1012151

Re: U.S. stocks continue to soar!

I’m glad I increased my positions in RIOT and MARA last month, but after today I wish I would have gone bigger
by flyingcows
Mon Feb 08, 2021 7:54 am
Forum: Personal Finance (Not Investing)
Topic: How expensive of a house should I target?
Replies: 21
Views: 2179

Re: How expensive of a house should I target?

Are you legally allowed to take a bearish position against your vested company stock position to hedge?
by flyingcows
Sun Feb 07, 2021 2:46 pm
Forum: Personal Investments
Topic: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?
Replies: 71
Views: 7849

Re: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?

Is anyone selling covered calls on SPACs that are still hovering close to their NAV? I've been taking at look at the option premium on these "pre-liftoff" SPACs on the call side and premiums are about 15-20% for 6 month contracts just slightly OTM. This return seems to good to be true give...
by flyingcows
Sun Feb 07, 2021 1:37 pm
Forum: Personal Consumer Issues
Topic: Can you get a job from taking a "Coding Bootcamp"?
Replies: 63
Views: 5076

Re: Can you get a job from taking a "Coding Bootcamp"?

I have a BA degree from an unranked university and have worked in software development my entire career, including at 2 of the FAANG companies. My experience in this industry and the interviewing process is that everyone is assumed to be useless until proven otherwise. Professional background and ed...
by flyingcows
Sun Feb 07, 2021 1:26 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 862
Views: 53324

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

I'm looking forward to a future where the talking heads providing investment advice offer guidance on ideal asset allocation to Dogecoin
by flyingcows
Sun Feb 07, 2021 1:18 pm
Forum: Personal Consumer Issues
Topic: Return to office after covid shutdowns
Replies: 183
Views: 7259

Re: Return to office after covid shutdowns

I'd like to be in the office at least a couple days a week, with the teams I engage with. So presumably they would all be in the office the same couple of days as you? I am still getting projects done, but often more slowly than before. That's my sense when talking with most of my non-retired frien...
by flyingcows
Sat Feb 06, 2021 3:24 pm
Forum: Investing - Theory, News & General
Topic: Can the wallstreetbets style be made to work?
Replies: 77
Views: 4354

Re: Can the wallstreetbets style be made to work?

The WSB style, as I have always understood it, was going big on high risk high reward trades. Going heavy buying OTM short duration calls hoping for some unexpected movement in the stock your betting on. Basically, your buying lotto tickets. The probability of these bets paying off is low, but the p...
by flyingcows
Sat Feb 06, 2021 2:57 pm
Forum: Investing - Theory, News & General
Topic: Poor Man's Covered Call / Diagonal Spread Question
Replies: 18
Views: 876

Re: Poor Man's Covered Call / Diagonal Spread Question

On 2nd thought, calling etrade to exercise my long call will result in a $25 commission since it's broker assisted. Since there is no more risk of me shorting the stock & holding the long call, why don't I short a put next week at the same strike where my prior short call was (yes, I do have en...
by flyingcows
Sat Feb 06, 2021 2:40 pm
Forum: Investing - Theory, News & General
Topic: Poor Man's Covered Call / Diagonal Spread Question
Replies: 18
Views: 876

Re: Poor Man's Covered Call / Diagonal Spread Question

........ Remember that options can only be exercised after normal trading closes, you should be able to exercise the other leg of your spread after hours with your broker if you must (keep in mind exercise fees). Also keep in mind that after hours trading of stock is still going on 4pm-8pm and even...
by flyingcows
Sat Feb 06, 2021 9:40 am
Forum: Personal Investments
Topic: If I can afford major risk, is a 100% stock position the best return
Replies: 99
Views: 8277

Re: If I can afford major risk, is a 100% stock position the best return

People always talk about market risks like big corrections and crashes, and positioning ones portfolio for these risks. However, I personally believe FOMO is a bigger risk, I have known a few people who have levered up to buy into momentum and then suffer devastating losses. Having a large cash or b...
by flyingcows
Sat Feb 06, 2021 9:16 am
Forum: Investing - Theory, News & General
Topic: Poor Man's Covered Call / Diagonal Spread Question
Replies: 18
Views: 876

Re: Poor Man's Covered Call / Diagonal Spread Question

It depends on your broker, there is no standard, check your brokers documentation I trade spreads with Schwab and if the short put expires ITM, the options will be automatically exercised and I will be assigned the stock, if a short call expires I will be assigned a short position in the stock. Pers...
by flyingcows
Thu Feb 04, 2021 1:52 pm
Forum: Investing - Theory, News & General
Topic: Margin Account Dangers Today
Replies: 28
Views: 10532

Re: Margin Account Dangers Today

no activity on this topic for over a decade, just curious what the situation is today... i use a margin account (don't actually use any margin) with interactive brokers (ireland) and declined participation in stock lending programs.. for balances exceeding sipc/Irish equivalent limits, in a scenari...
by flyingcows
Wed Feb 03, 2021 8:24 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 862
Views: 53324

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

Glad I added to my positions in Mara, Riot, and Can last month. Still have my 32 eth i was going to use to stake a beacon node...funny how what started as a nerd hobby project turned into one of my best investments the last few months on accident... :sharebeer
by flyingcows
Tue Feb 02, 2021 8:32 pm
Forum: Investing - Theory, News & General
Topic: Any option traders?
Replies: 91
Views: 9787

Re: Any option traders?

I use Schwab, their options trading platform is called StreetSmart Edge, I like the platform however it is Windows only. It's free to use with no added fees: https://www.schwab.com/trading/software As far as strategy goes, back in 2015-2019 I began with the wheel strategy and then added margin and t...
by flyingcows
Mon Feb 01, 2021 7:42 pm
Forum: Investing - Theory, News & General
Topic: Market volatility due to GME/AMC - what to do?
Replies: 30
Views: 2270

Re: Market volatility due to GME/AMC - what to do?

My IPS says I need to sell 100% more options than I sold last month due to the IV spike
by flyingcows
Mon Feb 01, 2021 5:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 13113
Views: 1012151

Re: U.S. stocks continue to soar!

For what it's worth, I was reviewing Google Trends and searches for the word "stonk" have really increased dramatically up this past week:

https://trends.google.com/trends/explore?q=stonk&geo=US
by flyingcows
Thu Jan 28, 2021 4:54 pm
Forum: Investing - Theory, News & General
Topic: Stock vs Bitcoin vs Pokemon Cards
Replies: 47
Views: 1963

Re: Stock vs Bitcoin vs Pokemon Cards

Here you go, Josh Brown was making fun of this on the Compound podcast yesterday, NBA Top Shot (Blockchain collectables)

https://www.nbatopshot.com/
by flyingcows
Thu Jan 28, 2021 4:51 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4013
Views: 191703

Re: [GameStop GME trading mega-thread]

I got out of AMC, GME, EXPR yesterday

Made a very small bet on SLV today, bought 10 calls @ 24, 60 DTE.
by flyingcows
Thu Jan 28, 2021 9:32 am
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8247

Re: Careers - Flagship State vs Top Tier Private

I think this depends on field of study. I went to a state school, I am not sure how it’s ranked. It had a very high acceptance rate like 70% and a low graduation rate of 20%. I had poor grades in high school and average test scores and they accepted me :mrgreen: . I liked the school, professors were...
by flyingcows
Wed Jan 27, 2021 11:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 13113
Views: 1012151

Re: U.S. stocks continue to soar!

Made a few small yolo bets in expr, amc, gme. Sold half my positions today, probably will regret it on friday but the gains today are unreal. By far the best day ever for my active portfolio
by flyingcows
Mon Jan 25, 2021 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying before Selling Existing Home
Replies: 33
Views: 2573

Re: Buying before Selling Existing Home

I’ve always bought the new place, moved in, and then listed old house. However, we have always lived on neighborhoods where the houses move quickly and being stuck with both for an unknown length of time wouldnt create any issues, typically I only carried both for a few months. If you cant carry bot...
by flyingcows
Sat Jan 23, 2021 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: My bad financial habits
Replies: 64
Views: 5994

Re: My bad financial habits

For me it was being content with a good job with a good employer for 12 years. While this was great, I was too lazy to evaluate my potential market value every year and look for other jobs. When I finally put in the effort to switch, my total comp doubled. Thus, I missed out on potentially hundreds ...
by flyingcows
Sat Jan 23, 2021 4:06 pm
Forum: Personal Consumer Issues
Topic: Work from home getting harder
Replies: 95
Views: 7280

Re: Work from home getting harder

I spoke with HR at one of our regional Accounting firms and she said the #1 reason provided why applicants are looking for a new job is that they do not like working from home. How strange, but to each their own. Some of the young people I work with expressed interest in going back to the office, b...
by flyingcows
Wed Jan 20, 2021 9:19 am
Forum: Personal Consumer Issues
Topic: Non-Poaching agreements, do you block former co-workers on Linkedin?
Replies: 19
Views: 2400

Re: Non-Poaching agreements, do you block former co-workers on Linkedin?

I have also been under a non-poaching/non-solicitation agreement. As others mentioned, I don't see any reason to consider deleting yourself from Social Media. However, what you do need to be careful of and what makes these so effective is that they eliminate the ability for former co-workers to reco...
by flyingcows
Tue Jan 19, 2021 5:38 pm
Forum: Personal Consumer Issues
Topic: any suggestions for best 65" TV under $1000?
Replies: 48
Views: 3137

Re: any suggestions for best 65" TV under $1000?

I would get the largest LG OLED that fits in your budget. At least go watch some 4K HDR content on an LG OLED before you make your decision. If you never watch 4k content sources, then I guess it's not going to matter much, though even 1080p looks quite a bit better, especially content with light/da...
by flyingcows
Mon Jan 18, 2021 10:52 am
Forum: Personal Consumer Issues
Topic: Options after being scammed on Ebay from buyer return scam
Replies: 51
Views: 5752

Re: Options after being scammed on Ebay from buyer return scam

Similar things happened to me, and I was able to successfully get my money back. As a precursor, you need to go to your local police department, talk to someone who will note down the situation. A few days later, after they have submitted their report, you can go back to the police station and get ...
by flyingcows
Thu Jan 14, 2021 7:02 pm
Forum: Personal Consumer Issues
Topic: Simple but fun cars
Replies: 57
Views: 4255

Re: Simple but fun cars

+1 to the Miata

Also, a 20 year old Honda S2000 is worth considering. Great little sports cars that are as simple as possible, they don't even have ABS. Unfortunately, these are very expensive as everyone wants them
by flyingcows
Thu Jan 14, 2021 6:50 pm
Forum: Personal Consumer Issues
Topic: Options after being scammed on Ebay from buyer return scam
Replies: 51
Views: 5752

Re: Options after being scammed on Ebay from buyer return scam

Hey all, thank you for all of the advice and kind thoughts on this. Wanted to share a few updates: - Reached out to Ebay and opened a sellers appeal. Unfortunately, Ebay stands by their initial decision to rule in the buyers favor, their reasoning was that the buyer provided a tracking number to my ...
by flyingcows
Tue Jan 12, 2021 8:44 pm
Forum: Personal Consumer Issues
Topic: Options after being scammed on Ebay from buyer return scam
Replies: 51
Views: 5752

Options after being scammed on Ebay from buyer return scam

Hi Bogleheads, I sold some old items last months, some of the items were fairly valuable. One item sold for $600, around fair market value based on prior listings which sold. The Situation: The buyer for this item paid for the item in early December, about 1 week later requested a return through Eba...
by flyingcows
Fri Jan 08, 2021 6:36 am
Forum: Personal Consumer Issues
Topic: Razer Deathadder Mouse
Replies: 23
Views: 2253

Re: Razer Deathadder Mouse

I used wired for almost everything, except for my mouse which is wireless.

Personally I like the Logitech MX revolution mouse, have used them for over 10 years. Good egronomics, performance, and the free spinning wheel is amazing once you are used to it
by flyingcows
Wed Jan 06, 2021 6:50 pm
Forum: Investing - Theory, News & General
Topic: “Bitcoin's emergence as 'digital gold' could lift its price to $146,000, says JPMorgan“
Replies: 185
Views: 11048

Re: “Bitcoin's emergence as 'digital gold' could lift its price to $146,000, says JPMorgan“

Something tells me todays events will be another bullish trigger for BTC. However, I increased my position today so that means there will be a drawdown coming soon
by flyingcows
Wed Jan 06, 2021 12:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 13113
Views: 1012151

Re: U.S. stocks continue to soar!

Man, IWM is ripping today...yet again :)
by flyingcows
Sun Jan 03, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stick with current job or move on?
Replies: 64
Views: 4400

Re: Should I stick with current job or move on?

I would move on, but not for the role you mentioned here. Take your time to find an opportunity worth making a jump for. I grew up in the midwest, actually a friend of mine still lives in the city I grew up in and one can still find a decent house for around 100k, which is a bargain...minus the weat...
by flyingcows
Sun Jan 03, 2021 12:47 am
Forum: Investing - Theory, News & General
Topic: Michael Saylor Discusses Bitcoin on Bloomberg's Odd Lots
Replies: 507
Views: 28097

Re: Michael Saylor Discusses Bitcoin on Bloomberg's Odd Lots

“Miami Could Become First City in US to Allocate Treasury Reserves Into Bitcoin” “ Miami is also considering the possibility of accepting Bitcoin as a means for citizens to settle their bills with the city, the mayor said it is part of their plans for next year. “We are definitely going to be workin...
by flyingcows
Fri Jan 01, 2021 10:53 pm
Forum: Personal Investments
Topic: Tsla stocks in Roth IRA?
Replies: 12
Views: 1340

Re: Tsla stocks in Roth IRA?

If you want to buy tsla stock, create a seperate taxable “YOLO” account used specifically for “bets” or whatever strategy you want to use If your going to mix multiple strategies, such as buy and hold total marker ETFs along with randomly betting on meme stocks like TSLA, its very important to bucke...
by flyingcows
Fri Jan 01, 2021 10:41 pm
Forum: Investing - Theory, News & General
Topic: [Where are you investing your "play" money?]
Replies: 64
Views: 6814

Re: [Where are you investing your "play" money?]

I have a taxable account that I use exclusivly for selling option spreads on a handful of ETFs. 45-60 DTE Typically neutral to slightly bullish bias XLU, TLT, SPY, IWM, QQQ, XLV, EFA, EEM .25 to .35 delta on the short side on spreads 1.5 - 2% return on capital target per month Trim the account to ke...
by flyingcows
Fri Jan 01, 2021 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Part Time Tech Job?
Replies: 7
Views: 996

Re: Part Time Tech Job?

Why do you want 2 part time jobs?

Just stay with your current job while you search for a new full time job that can be done 100% remote
by flyingcows
Thu Dec 31, 2020 8:53 am
Forum: Personal Consumer Issues
Topic: "Better" webcam for Mac, under $100?
Replies: 3
Views: 362

Re: "Better" webcam for Mac, under $100?

Logitech C920x Pro HD Webcam - $70

I have the older version from several years ago, it works great on both Mac and PC, I have both. Up to 1080p resolution, handles low light very well, image quality always looks great in my experience