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re: Where are you putting your cash these days, and why?
Posted on 6/10/22 at 5:11 am to GeneralLee
Posted on 6/10/22 at 5:11 am to GeneralLee
quote:
Access2preipo.com was the site I bought my shares through. You have to be an accredited investor to purchase and they come with a 20% profit carry.
Have you had to pay 20% on your "profits" already? With a 20% carry, it's sounds more like you've invested in a pooled investment vehicle (so an indirect investment in SpaceX).
This post was edited on 6/10/22 at 5:23 am
0
Posted on 6/10/22 at 9:53 am to oneg8rh8r
quote:
I'm holding cash for about another 2 months. I really think the next 2 interest rate hikes are going to do a number on people that think the price is already baked in.
I think we see a huge sell off OVERALL, there may be more ups and downs in the interim, but I'm expecting all major index's to be down another 10-15% by End of July.
At that point, I might still be buying early but relative to where things were in Nov, it will be a huge discount on a bunch of great stocks. Then, simply sit back and wait. I think it will take 2.5 years to truly turn around (next election).
If you're retiring soon then that is a good strategy, if you are many years away just keep buying
Posted on 6/10/22 at 10:02 am to TrussvilleTide
Making small investments here and there where I see an opportunity based on overly beaten down stocks, but largely hoarding it. Yes, I know I'm losing to inflation, but would rather lost 5% to inflation than 10% invested in a market on a continued downtrend. Will go in heavier when it feels like we've bottomed.
Posted on 6/10/22 at 10:52 am to Zachary
Making good profits on TANH, IMPP and HUSA
Posted on 6/10/22 at 11:55 am to Zachary
quote:
Where are you putting your cash these days, and why?
I'm keeping most of my cash in cash because I believe that the worst is yet to come. I fully expect the market to pull back to at least the pre-pandemic levels. I have a target list of investments to make when we get to where I believe to be the real value of the market.
Posted on 6/10/22 at 12:37 pm to Zachary
Gasoline bill
Posted on 6/10/22 at 5:33 pm to TrussvilleTide
For the six down votes......I'm assuming you did not see today coming? It's going to get worse, MUCH WORSE until interest rate hikes are raised above inflation.
Posted on 6/10/22 at 6:32 pm to oneg8rh8r
First of all, don’t give a frick about downvotes. It’s a social score meant to force people to comply with the hive mindset of the lowest common denominator. Shooting stars break the mold. Haters hate. frick em.
Second, I have begun to sell SPY puts and use those premiums to buy VTI. If it dips below my strike price, just roll it out. Easy money. The Feds and the politicians won’t let the market tank that bad from where we are today (about 20% down) so I think it’s a good risk bet. I give you 2008 and 2020 as examples. 1929 and Black Monday type events are not going to happen again.
Second, I have begun to sell SPY puts and use those premiums to buy VTI. If it dips below my strike price, just roll it out. Easy money. The Feds and the politicians won’t let the market tank that bad from where we are today (about 20% down) so I think it’s a good risk bet. I give you 2008 and 2020 as examples. 1929 and Black Monday type events are not going to happen again.
Posted on 6/10/22 at 7:10 pm to Realityintheface
I have a nice chunk of cash that I will be devoting to a put selling campaign. Most likely on individual stocks. Money that is going into the market one way or another but I’m kind of curious what I can generate with the puts till they get assigned. Not likely I’ll mess with rolling strikes and trying to micromanage
Posted on 6/10/22 at 7:32 pm to rocksteady
Premiums at each strike are calculated with a formula using volatility and other factors. These factors are different for each stock so I can’t give you an answer.
Posted on 6/10/22 at 7:34 pm to rocksteady
Well first of all, do you know how to read option chains? Just asking
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