Search found 328 matches

by GoldenGoose
Tue Sep 08, 2020 1:09 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 296
Views: 34585

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

All, I know people told me not to say to my dad "I told you so". But I did yesterday. Signs were very obvious he should have gotten out when he had a chance. He sold half today and is going to ride with the other half in Tesla still , basically broke even on the stock , maybe a slight pro...
by GoldenGoose
Tue Sep 08, 2020 12:22 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 296
Views: 34585

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

All, I know people told me not to say to my dad "I told you so". But I did yesterday. Signs were very obvious he should have gotten out when he had a chance. He sold half today and is going to ride with the other half in Tesla still , basically broke even on the stock , maybe a slight pro...
by GoldenGoose
Fri Sep 04, 2020 1:04 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

OP - Stocks are down big 2 straight days. Is this another Crash? I don't feel that this is a crash like this past March but a correction. Why? Stocks have run up so much so fast so there is invariably a pullback. How bad I don't know. There is no catalyst for a crash (virus? war? terrorism? financi...
by GoldenGoose
Thu Sep 03, 2020 3:35 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

I only used it in this instance. Since you disagree this was luck explain to me then how 4 stocks picked by children had an increase in these first 5 business days was something other than luck? I'm not disagreeing with having luck in investing but it seems every time there is a success and it's no...
by GoldenGoose
Thu Sep 03, 2020 3:33 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 296
Views: 34585

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

First thing first, CONGRATS your dad!!! Good timing and guts on his part.
by GoldenGoose
Thu Sep 03, 2020 3:30 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

I remember Peter Lynch. He once said invest in things you know. For example, you drink Coca Cola then buy their stock. Shop at Home Depot, then buy their stock. This is how I got interested in investing. Every time I went shopping at Home Depot I used to think that I am buying product from the comp...
by GoldenGoose
Thu Sep 03, 2020 3:29 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

Can't believe the narrow minded of some of the bogleheads on this board.
by GoldenGoose
Thu Sep 03, 2020 3:28 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

sd323232 wrote: Thu Sep 03, 2020 2:53 pm Title says investing, but I see 4 stocks were purchased, that's misleading lol
I see. So buying in companies' stocks is not investing. Buying mutual funds is. Got it. :?
by GoldenGoose
Thu Sep 03, 2020 2:40 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

Great lesson today. Today their account went negative. So far they are down $50. They panicked and I had the chance to tell them "If you haven't sold yet, then it's not a loss. If you get out now, then when the market goes up again, you will lose out". They understood that and left the acc...
by GoldenGoose
Thu Sep 03, 2020 1:52 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

All I can say is you are lucky you did this during a climbing market. They probably would have hated you if they would have immediately lost $100 or $500 instead of getting a gain. I would say you got lucky. I am not sure how old your kids are - but I wouldn't encourage investing until they are lat...
by GoldenGoose
Thu Sep 03, 2020 1:47 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

No, I've decided to do nothing at this point and yes, my portfolio is taking a substantial hit today but that's fine.
by GoldenGoose
Thu Sep 03, 2020 1:29 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Humblecoder, thanks for the clarification. As for the general attitude of this board, I can't believe that the community can't be open minded about investing. It seems buy-and-hold, don't-time-the-market, asset allocation mentality is so ingrained that if anyone else achieves success outside of the ...
by GoldenGoose
Thu Sep 03, 2020 12:37 pm
Forum: Personal Investments
Topic: I accidentally went into cash yesterday. What to do now?
Replies: 34
Views: 5143

Re: I accidentally went into cash yesterday. What to do now?

You have committed a cardinal sin of timing the market.

Joking aside, great timing of the market!!! Congrats. Now sit back and let the market drop lower until you feel that it has dropped low enough, then go back in again. I bet a lot of people are envious of your "mistake".
by GoldenGoose
Thu Sep 03, 2020 10:53 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

First, I got labeled a troll. Then I got called "special". I have no idea where you guys got the idea from. If I'm "special", then I wouldn't be bothered on this board discussing. Of course I'm not special. There are many other successful people out there who made out like a band...
by GoldenGoose
Thu Sep 03, 2020 10:48 am
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

Today they experience their first retreat (still gain, but less than before) so they get worried. I assure them of the prospect of long term gain. not with 4 individual stocks you don't. it's a shame they had to experience their first retreat today. the market went up today, not down. This comment ...
by GoldenGoose
Thu Sep 03, 2020 10:36 am
Forum: Personal Investments
Topic: What is your game plan as market is reaching its previous all time high?
Replies: 174
Views: 19372

Re: What is your game plan as market is reaching its previous all time high?

What are you going to do as the market starts crashing?
by GoldenGoose
Thu Sep 03, 2020 8:38 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

OP, You are the right candidate to have a financial planner/advisor. I think apart from their technical/financial know how they do the hand holding during financial crisis/ decision making. Give at least a small part of your portfolio to Vanguard PAS and move away. They may charge you 0.03%, let th...
by GoldenGoose
Thu Sep 03, 2020 8:18 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

I'm not clairvoyant so that was why I DID NOT get out before the market crash. I waited for it to start crashing before I got out. The virus is an external factor and not an insider information. Did you not following the news back in the beginning of this year about the virus? Are we saying that yo...
by GoldenGoose
Thu Sep 03, 2020 8:05 am
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

All I can say is you are lucky you did this during a climbing market. They probably would have hated you if they would have immediately lost $100 or $500 instead of getting a gain. I would say you got lucky. I am not sure how old your kids are - but I wouldn't encourage investing until they are lat...
by GoldenGoose
Thu Sep 03, 2020 7:59 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

if you got in VTI or similar index fund at a low price at the march lows, no way would i sell . hold that as long as possible, sell only as a last resort. if it was something risky single stock, then maybe sell. Definitely if it is a risky single stock, I wouldn't have asked the question. No, my ho...
by GoldenGoose
Thu Sep 03, 2020 7:54 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

OP, I am a CFA and a CPA. But I don't even attempt to buy and actively trade equities because I don't think I have much if any edge, and I don't want to dedicate the time. I believe in indexing and staying the course. When the market is down, the only thing that I do is tax loss harvest and try to ...
by GoldenGoose
Thu Sep 03, 2020 7:47 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Let me post this question again Let me ask all of you this. If you know with certainty that an event about to happen, like the financial meltdown in 2008. Let's just say somehow you have information to foresee that coming and know the impact it would have to your account, would you not get out and ...
by GoldenGoose
Thu Sep 03, 2020 7:39 am
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

Today they experience their first retreat (still gain, but less than before) so they get worried. I assure them of the prospect of long term gain. not with 4 individual stocks you don't. it's a shame they had to experience their first retreat today. the market went up today, not down. This comment ...
by GoldenGoose
Thu Sep 03, 2020 7:36 am
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

Learning individual stocks first makes sense. After all they’re the building blocks of everything else. What shocks me is that they even saved up that much. Most cash I ever saved before I was old enough to work was about $200. I was a fiend for every new video game. Right, buying individual stocks...
by GoldenGoose
Thu Sep 03, 2020 7:33 am
Forum: Personal Investments
Topic: Poor performing portfolio
Replies: 71
Views: 7354

Re: Poor performing portfolio

On the bright side, futures for the Russell 2000 are implying an open of up about 1.3% right now, so maybe tomorrow you make some money. The S&P 600 seemed like it was recovering but then it tanked badly again. I have most of my S&P 500 in my 401k which has been setting new records every da...
by GoldenGoose
Wed Sep 02, 2020 11:09 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

Also apple is one of the holdings. We bought it before the split. When I told my son about apple splitting 4 for 1 his eyes popped thinking he would get 4x the money. So I used the opportunity to explain stock split to him. Now he knows.
by GoldenGoose
Wed Sep 02, 2020 11:03 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

If you merely talk finance to themb, kids are mot interested. But if they have skins in the game, they would be really attentive.
by GoldenGoose
Wed Sep 02, 2020 11:01 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

Btw my kids are 12 and 9. The older boy has been always wanting to spend his money on his wants. After seeing how he could grow his balance, he asked about getting a job to put in the account.
by GoldenGoose
Wed Sep 02, 2020 10:59 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

Re: It's fascinating to get your kids involved in investing

It doesnt make sense for them to invest in ETF at this point. When they asked what companies should they buy, I told them to look around to see what products they are using. My son just bought a pc so I asked them what were in the pc. My daughter is using an iphone. So immediately they knew what to ...
by GoldenGoose
Wed Sep 02, 2020 4:58 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Let me post this question again Let me ask all of you this. If you know with certainty that an event about to happen, like the financial meltdown in 2008. Let's just say somehow you have information to foresee that coming and know the impact it would have to your account, would you not get out and ...
by GoldenGoose
Wed Sep 02, 2020 4:52 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Let me ask all of you this. If you know with certainty that an event about to happen, like the financial meltdown in 2008. Let's just say somehow you have information to foresee that coming and know the impact it would have to your account, would you not get out and preserve your capital? Or you wo...
by GoldenGoose
Wed Sep 02, 2020 4:36 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Let me post this question again Let me ask all of you this. If you know with certainty that an event about to happen, like the financial meltdown in 2008. Let's just say somehow you have information to foresee that coming and know the impact it would have to your account, would you not get out and ...
by GoldenGoose
Wed Sep 02, 2020 2:57 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

I don't have sleepless nights over what I have in my holdings or my current short term cap gain. It would be sad to see the $250K cap gain get smaller if you could have done something about it, that's all. If I could save that $250K gain and then later come out ahead as compared to doing nothing, w...
by GoldenGoose
Wed Sep 02, 2020 2:53 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

KyleAAA wrote: Wed Sep 02, 2020 2:40 pm Don't try to time the market.
So your answer to my question would be "do nothing and let your account take a beating".
by GoldenGoose
Wed Sep 02, 2020 2:50 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3426

It's fascinating to get your kids involved in investing

This is to share my experience and not asking for help. My kids through the years amass about $2k from gifts and stuff. They keep the cash and from time to time mention the fact that they have that much money. So I ask them to give me the money so I can open an account and let them invest. At first ...
by GoldenGoose
Wed Sep 02, 2020 2:39 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Let me post this question again Let me ask all of you this. If you know with certainty that an event about to happen, like the financial meltdown in 2008. Let's just say somehow you have information to foresee that coming and know the impact it would have to your account, would you not get out and p...
by GoldenGoose
Wed Sep 02, 2020 2:37 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

You need some luck in investing. The more luck you have, the more gains you make. Perhaps this is where you may need to reevaluate your risk tolerance soon or in the future. Many retirees or soon-to-be retirees cannot rely on luck, or a roll of the stock market dice, to secure their retirement. The...
by GoldenGoose
Wed Sep 02, 2020 2:15 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

OP, You got lucky. Not only is the market untethered to the economy, but it is also untethered to any rational logic or notion of skill you may believe you possess to justify shifting to 100% cash in the future based on market conditions. The people who went 100% cash after the Great Recession miss...
by GoldenGoose
Wed Sep 02, 2020 2:11 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Thanks for all the inputs. I have lived through 3 major financial events so far in my adult life so I believe timing should be a part of your investment . To what degree you time it is the factor. I am not a day trader so I don't time the market based on the daily/monthly/yearly normal fluctuation....
by GoldenGoose
Wed Sep 02, 2020 2:05 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Why would you need to lock in a gain? What is the money for? Right before the Great Recession, we sold the stock holdings in our taxable accounts because the market felt frothy. We paid the capital gains and then used the proceeds to pay off the mortgage on our house. I regret doing that, even thou...
by GoldenGoose
Wed Sep 02, 2020 1:56 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

OP, I think you need to look at this through a different lens. I know you said that your desired asset allocation is 100% stocks, but given how you are antsy about taking your gains, you may want to consider whether a more conservative asset allocation would help you sleep at night. The idea is to ...
by GoldenGoose
Wed Sep 02, 2020 1:52 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

If you want to be 100% stocks, step back and leave it alone. Realizing unnecessary capital gains is a sure way to reduce your returns. A study by Fidelity revealed that the most successful account holders were those that had forgotten they had an account at Fidelity -- or were dead. https://wealthy...
by GoldenGoose
Wed Sep 02, 2020 1:49 pm
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Hmm, asset allocation strategy is different than investment strategy. Right now my asset allocation strategy is 100% in stock b/c I am far away from retirement but that will change when that time nears. I stick to that. As for investment strategy, I am buy and hold and take actions in anticipation ...
by GoldenGoose
Wed Sep 02, 2020 11:42 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

As I pointed out, I have cash to cover contingencies and emergency funds still so I don't need the cash. I am still "young" (50) and my risk tolerance is medium-high so yeah, I'm 100% in stocks. My holdings are diversified and are not companies that are penny stocks or speculative (except ...
by GoldenGoose
Wed Sep 02, 2020 11:04 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Why would you need to lock in a gain? What is the money for? Right before the Great Recession, we sold the stock holdings in our taxable accounts because the market felt frothy. We paid the capital gains and then used the proceeds to pay off the mortgage on our house. I regret doing that, even thou...
by GoldenGoose
Wed Sep 02, 2020 10:56 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Wow people sure are harsh. There’s no need to feel bad for pulling out a win. IMO you should just hold until your gains are a year old and then rebalance while facing long term gains - assuming your gains are all in broad-based ETFs or mutual funds. You didn’t specify where they are. If they’re in ...
by GoldenGoose
Wed Sep 02, 2020 10:50 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Over the long term, you’re likely to be more successful if you have a defined asset allocation strategy, and can stick to it. What you’re describing now is the exact opposite of having a defined strategy. You got out near the March top, got back in as the market dropped, and are now considering get...
by GoldenGoose
Wed Sep 02, 2020 10:46 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

Thanks for all the inputs. I have lived through 3 major financial events so far in my adult life so I believe timing should be a part of your investment. To what degree you time it is the factor. I am not a day trader so I don't time the market based on the daily/monthly/yearly normal fluctuation. T...
by GoldenGoose
Wed Sep 02, 2020 10:02 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Re: Should I take short term gains and face the taxes?

There are a lot of aspects to what you bring up: risk tolerance, market timing, asset allocation and many emotions. But I will stick to the one thing that stands out immediately. You sound like you would prefer to guarantee a loss than continue living in fear of one. Yes, that's what taking $250k i...
by GoldenGoose
Wed Sep 02, 2020 9:45 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4760

Should I take short term gains and face the taxes?

I am very hesitant in posting this thread. Background, I was lucky to pull out in time back in March right at the very beginning of the virus. I was able to capture a "small" long term cap gain and most importantly able to preserve my account. Then as the market dropped, I put back in abou...