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Member
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Joined: Sep 2 2004
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Jan 13 2021 12:57pm
i bought 120 shares. take that im almost 5x the investor you are *LAUGH OUT LOUD*
Member
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Joined: Apr 14 2006
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Jan 13 2021 01:01pm
Quote (duffman316 @ Jan 13 2021 12:56pm)
Thoughts on ford and general motors lads 🤔?


GM are amongst the leaders world in regards to hydrogen cells

If u are a believer there. I think GM so underrated
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Jan 13 2021 01:03pm
Quote (Bazi @ Jan 13 2021 12:49pm)
Imma get kicked out of pard when this goes to 0


Quote (excellence @ Jan 13 2021 12:57pm)
i bought 120 shares. take that ^thesnipa im almost 5x the investor you are *LAUGH OUT LOUD*


so far im up 0.25%, if these massive earning continue i might buy 100 more shares just to edge u out at the next stockholders meeting.
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Jan 13 2021 01:05pm
Quote (obisent @ Jan 13 2021 12:56pm)
You selling options on this account?


Mostly just covered calls and cash secured puts on one stock at a time. It's more about learning than investing at this point.

My wife and I were planning on opening a joint account, contributing to it every month, and selling options to generate extra income, but I did some research into my works' 403B and the performance is phenomenal. Like, 6% minimum and 20% max YoY. Not so ridiculous that I suspect fraud, but really really good consistent returns over 20 years even through really bad years.

So we've shifted gears to just adding as much into our retirement plans as we can. They match 7%, so if we contribute 13% and get 8% returns we can comfortably retire at 65, and if they keep up this performance and we get routine 15% returns we'll be able to even earlier, not even factoring in pay raises over that period.

So this "learning account" might not even have a purpose going forward besides my own entertainment.

This post was edited by Thor123422 on Jan 13 2021 01:08pm
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Posts: 53,368
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Jan 13 2021 01:38pm
IM LOSING MONEY HERE

TRAITOR!
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Jan 13 2021 02:06pm
Quote (Thor123422 @ Jan 13 2021 02:05pm)
Mostly just covered calls and cash secured puts on one stock at a time. It's more about learning than investing at this point.

My wife and I were planning on opening a joint account, contributing to it every month, and selling options to generate extra income, but I did some research into my works' 403B and the performance is phenomenal. Like, 6% minimum and 20% max YoY. Not so ridiculous that I suspect fraud, but really really good consistent returns over 20 years even through really bad years.

So we've shifted gears to just adding as much into our retirement plans as we can. They match 7%, so if we contribute 13% and get 8% returns we can comfortably retire at 65, and if they keep up this performance and we get routine 15% returns we'll be able to even earlier, not even factoring in pay raises over that period.

So this "learning account" might not even have a purpose going forward besides my own entertainment.


I still envy the ease with which you can do cash secured puts and im guessing with no fees.

That aside if you're investing for long term it might be better to see what kind of employer matched contributions you can get through work instead of investing on your own. I'm looking to join a benefits program where employer contributes 1.5 times what i contribute and the pension funds are locked in for me at time of contribution so you dont have deal with messy bankruptcy situations and its all tax sheltered until you withdraw.
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Jan 13 2021 02:08pm
Quote (Bazi @ Jan 13 2021 02:01pm)
GM are amongst the leaders world in regards to hydrogen cells

If u are a believer there. I think GM so underrated


Isn't toyota far ahead in that field? But yes im looking at options chains on gm right now
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Jan 13 2021 02:23pm
Quote (duffman316 @ Jan 13 2021 02:06pm)
I still envy the ease with which you can do cash secured puts and im guessing with no fees.

That aside if you're investing for long term it might be better to see what kind of employer matched contributions you can get through work instead of investing on your own. I'm looking to join a benefits program where employer contributes 1.5 times what i contribute and the pension funds are locked in for me at time of contribution so you dont have deal with messy bankruptcy situations and its all tax sheltered until you withdraw.


My 403B at work (and my wife now works at the same institution) is 7% salary match until 5 years when it goes up to 10%. So our long term plan is basically to sit right where we are and add as much into our 403B plan as we can, since together we can contribute up to ~40k a year before employer contribution.

Taking a pay hit working here but the benefits are outstanding. Probably makes up an additional 20% salary when compared to working private with shitty healthcare plans and 3% match.
Member
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Jan 13 2021 02:29pm
Quote (excellence @ Jan 13 2021 01:38pm)
IM LOSING MONEY HERE ^BAZI

TRAITOR!



baited and out smarted
Quote (duffman316 @ Jan 13 2021 02:08pm)
Isn't toyota far ahead in that field? But yes im looking at options chains on gm right now



Toyota is certainly a leader but GM is still sitting amongst the top of the list with R&D in this area
Member
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Joined: Dec 31 2007
Gold: 2,299.94
Jan 13 2021 02:32pm
Quote (Bazi @ Jan 13 2021 02:29pm)
baited and out smarted


Toyota is certainly a leader but GM is still sitting amongst the top of the list with R&D in this area


$0.94 -----> $1.04

we goin to the moon baby, pard get off the trump train, all aboard the ZOM zeppelin
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