Favorite team:Virginia 
Location:Virginia
Biography:A burned out 80's banker who's found salvation in manufacturing.
Interests:Cars, Racing, Investing... Cars, Racing
Occupation:
Number of Posts:1018
Registered on:5/1/2015
Online Status:Not Online

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re: My dad sent me this and I got a chuckle - Jag_Warrior
My first 30 year fixed rate mortgage was 10.5%. That was in 1986. I was SO happy to get something below 11%. When I eventually got into single digits with later mortgages, I was elated. Today that blows peoples' minds. But when my parents sold some cattle in the late 70s/early 80s, my mom put the mo...
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re: anyone buy Beyond Meat yesterday - Jag_Warrior
[quote]I wish I had. I bought puts against it instead hoping the bottom would fall out.[/quote] In the weeks prior to earnings, I sold a series of far out of the money weekly puts (last ones had 67.5 strikes, when the stock was in the 80s). The IV on this thing was SO high (around 110%!!!) that e...
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re: After being fully invested several years I got out this morning - Jag_Warrior
[quote]I went to all cash this morning. I'm usually optimistic about the market but I think the wheels may be coming off for the foreseeable future and i don't want to take the ride down any lower. I think China will only get worse and I think they will wait til the presidential election to see if T...
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re: Can someone explain options to me? - Jag_Warrior
[quote]Never talk over your audience.[/quote] True. Very true. Sometimes when I'd watch CNBC, even though Bill Griffeth and Sue Herera were there too, I'd forget that it wasn't the old Financial News Network (FNN). FNN did fantastic educational segments featuring John Bollinger (Bollinger Bands) ...
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re: Can someone explain options to me? - Jag_Warrior
I watched part of Options Action the other day. Of the four trades I saw, none was based on selling premium or net shorting. All involved buying options or doing debit spreads. A review of a past trade (a debit spread expiring in June) showed that it had already lost around 50% of its value. Even in...
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re: surrendering a vehicle versus repossession - Jag_Warrior
[quote]Obviously their credit will take a big hit but wouldn’t it be better overall to just surrender their ex’s car to the finance company instead of letting them come and take it. Backstory——messy divorce where everything was in his name so basically his ex said she didn’t want anything and h...
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re: Can someone explain options to me? - Jag_Warrior
[quote]After many many years of investing, 90% of money made in options are made by the sellers of options, 10% from the buyers of options. Odds are extremely stacked against the buyers. Selling options is like owning the Casino. Buying options is like a gambler at the Casino. Which would you ra...
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re: Can someone explain options to me? - Jag_Warrior
[quote]Ok so if I buy a Put/Call I can sell my option anytime before the expiration date to close my position. As long as it’s the same exact option. Of course I would only do this if it was in the money. Is it the same way if I sell to open? I just buy the same option that I sold to close? Or once ...
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re: taxes on early withdrawal IRA - Jag_Warrior
Ya know... I just don’t... I mean... For the love of.... Just how fu... Forget it. :banghead:...
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re: Question about credit card debt - Jag_Warrior
[quote]I’ve worked on myself to change that[/quote] :thup: Everyone makes mistakes in life. Good on you for waking up. And hopefully that means that you're living within a budget now. Yes, depending on your income and credit worthiness, you can get either a personal loan or a credit card (...
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re: Should I pay off car note with savings?? - Jag_Warrior
[quote]With just 4% on the car note, I’d lean to continuing to build that savings. Maybe pay a little extra principal on the note, but don’t wipe out my savings. For sure look for a better place to park the cash. Should be able to easily get 2% and more in FDIC insured accounts like Capital One mone...
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re: Amazon delivery - Jag_Warrior
First I’ve heard of it. But thanks for the link. I know someone who is looking to leave FedEx and this business opportunity might interest him....
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re: Advice in Dealing with CPA issue - Jag_Warrior
[quote]I realized that he had just been [b]indicted on a bunch of fraud charges[/b] right after I had dropped off my returns.[/quote] A BUNCH of fraud charges, you say? I would have picked up my information the morning after I found that out....
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re: New investor - Jag_Warrior
[quote]If you had to give me five risky stocks that you are confident in, what would they be?[/quote] Are you just asking out of curiosity... or is this seriously an investment "strategy"???...
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re: HSA - Management Issue - Jag_Warrior
[quote]I highly suggest Lively. They have zero fees and partner with TD Ameritrade so you can invest in nearly anything.[/quote] Thanks for mentioning Lively. I was unaware of them until that. I have an existing HSA that's still with Optum - my new employer doesn't offer an HDHP. Optum isn't h...
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re: Sign on bonuses with no matching raise the next year - Jag_Warrior
[img]https://media.makeameme.org/created/surely-you.jpg[/img]...
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re: 401K questions - Jag_Warrior
[quote]Put in 6% to get the company match, then max out Roth IRAs, then if you have more money available put it into the 401K.[/quote] I'm trying to figure out why this post got four downvotes. :confused: No more personal/income information than the OP provided, I agree with you EA6B. If he ha...
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re: Incorrect mobile check deposit made into my account - Jag_Warrior
[quote]For a little more than 5k. What would you fine folks do if you were in my shoes? -Spend it? -Call it in? -Sit on it and do/say nothing? TIA[/quote] I'd withdraw it and open a secret bank account in the Cayman Islands and GTFO Dodge. I have it on good authority that it's about...
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re: So when do we buy Boeing? - Jag_Warrior
[quote]I've been trying to figure out options. I listen to that show "option action" sometimes in the afternoon on Fridays on CNBC and they might as well be speaking another language but it's still interesting. Not really interested in having a second job as a "trader" but it's fascinating to me. ...
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re: Question on retirement status - Jag_Warrior
[quote]I do have an expensive hobby, track time...[/quote] Nah. Once the car is paid for, only if you hit something or blow an engine. I've spent more on most of my other hobbies than going to the track. I assume you mean high performance driving sessions and not actual racing... I don't m...
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