Originally Posted by Peter Gibbons:
I have a boat anchor of a bank stock (FITB) that I’ve been carrying around for way too long with the misplaced hope it would finally get back to a level where I could break even. Over the past couple of weeks it’s made a nice run and I can now walk away not only whole but up $44k. I am glad to be free of it. The good/bad is that the payment will be via check and take a week or so to get to me. I think I am going to sit on the cash and wait for a good correction before buying something else.
Just a few months after dumping this stock that was sideways for about a decade for me, it has shot up by 30 some percent costing me tens of thousands in unrealized gains due to my early exit. I hate to second guess myself with 20/20
hindsight, but this one really hurts. I sold at $31.50. It’s been as high as $43 in the past couple of weeks. I feel admitting this loss publicly is part of my penance for the stupid way I handled this investment for over a decade. I am considering sewing a scarlet 5/3 onto my shirt. The shame. The shame. The shame. [Reply]
Originally Posted by lewdog:
Well she has an IRA and ROTH from when she worked. I’m just wondering since now she isn’t, if I can put money in those accounts for her this year.
Don’t know if you ever found out anymore about this, but I crossed this on Charles Schwab
Yes, you can contribute to an IRA for unemployed non-working spouse that you file jointly with, but your total combined contribution can't exceed either your joint taxable income or double the annual IRA limit, whichever is less [Reply]
Originally Posted by Peter Gibbons:
Just a few months after dumping this stock that was sideways for about a decade for me, it has shot up by 30 some percent costing me tens of thousands in unrealized gains due to my early exit. I hate to second guess myself with 20/20
hindsight, but this one really hurts. I sold at $31.50. It’s been as high as $43 in the past couple of weeks. I feel admitting this loss publicly is part of my penance for the stupid way I handled this investment for over a decade. I am considering sewing a scarlet 5/3 onto my shirt. The shame. The shame. The shame.
Things like that happen to everyone. Can't look back and hopefully wherever you moved the money gets you some gains.
Don't look back, there's always more stocks in the sea.
Originally Posted by mac459:
Don’t know if you ever found out anymore about this, but I crossed this on Charles Schwab
Yes, you can contribute to an IRA for unemployed non-working spouse that you file jointly with, but your total combined contribution can't exceed either your joint taxable income or double the annual IRA limit, whichever is less
Originally Posted by Peter Gibbons:
Just a few months after dumping this stock that was sideways for about a decade for me, it has shot up by 30 some percent costing me tens of thousands in unrealized gains due to my early exit. I hate to second guess myself with 20/20
hindsight, but this one really hurts. I sold at $31.50. It’s been as high as $43 in the past couple of weeks. I feel admitting this loss publicly is part of my penance for the stupid way I handled this investment for over a decade. I am considering sewing a scarlet 5/3 onto my shirt. The shame. The shame. The shame.
Same here. Had a penny stock at .02 for years . Sold it. THE VERY NEXT FUCKING DAY .16 :-) [Reply]
Interesting that the semiconductor sector stocks AVGO, TSM MU, QCOM, INTC and AMD are all down, perhaps a time to get into one of these stocks now? [Reply]
Originally Posted by neech:
Interesting that the semiconductor sector stocks AVGO, TSM MU, QCOM, INTC and AMD are all down, perhaps a time to get into one of these stocks now?
Originally Posted by neech:
Interesting that the semiconductor sector stocks AVGO, TSM MU, QCOM, INTC and AMD are all down, perhaps a time to get into one of these stocks now?
I own some of those and they were way up but of course they have now taken a hit. They're still up pretty good and I'm just going to hang on and wait for the rebound. [Reply]
I am drinking but not screening for stocks this weekend. I am invested as much as I want to be. Tough trading environment with this whipsaw action and the truth is........
"The market doesn't beat traders. Traders beat themselves by failing to sit on their hands when market conditions are unfavorable." -Lewdog of CP. [Reply]
Originally Posted by neech:
Interesting that the semiconductor sector stocks AVGO, TSM MU, QCOM, INTC and AMD are all down, perhaps a time to get into one of these stocks now?
Given all the noise about semiconductors recently and the government's intervention to try to box China out, I'd think that semiconductors would be a buy now. I've got three of those stocks that you mention, and a couple of others that aren't on your list, and I'm hoping they'll get a boost soon. [Reply]
Posting this here as further education for those new investors.
But it goes back to a point I've made to you before. You've only ever invested in a strong bull market and for a very short period of time. Over a lifetime of investing, people are happy to average 8% total returns. The S&P lifetime return is 9.6%. This market you are investing in is not normal and will not continue.
After the dot.com crash there was 10 years of poor stock returns in which investors labeled this time period, "the lost decade." I'll give you one clue why. The S&P returned -2% for this entire 10 year period. "This is a reminder to investors that large U.S. stocks can go long periods of time without generating any gains."
I asked a phenomenally wealthy friend of mine how to get wealthy in investments and he said, " I put my money in a half dozen stable, boring companies that will be around for a very long time and just do the dollar cost average method every month". I know he has mentioned Alphabet Inc, the big tech stocks, water, etc......he says boring is best. [Reply]
