Very good chance Sofi announces a bank charter approval this month. Some of this run may be related, but we may see it continue to breakout.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
With respect to WOLF, in the words of that eminent philosopher Ralph Kramden: "To the moon!!!"
kudos @RUinPinehurst
kudos @RUinPinehurst
Too bad you have to pay taxes on those short term gains. Still a win is a win
Don't be stupid, but have fun with the crypto market. My crypto account is up 182% YTD through end of Oct (and that's probably an understatement since I recently moved around my GBTC/BTC).
😁
I don’t play with real money. Someone else manages that. I play with funny money.
The greatest line I ever got from a financial advisor cold calling me was “Do you cut your own hair”.
As the financial advisor robs you of returns. LOL! No thank you.
Imagine double whammy…buying funds with expenses and using a FA
I pay a blended average of about 15 basis points on AUM. I’ve posted earlier on this thread the average advisor fees, which are often 75 to 150basis points. When you look at a 7,8 or 9 figure portfolio that really adds up. I don’t fault anyone who want to go with a RIA but I always advise them to think it through.
I haven't done the math, but I'm probably at 25-30 basis point on AUM. I recently moved over to I-shares for my T Rowe Price account (largest of our retirement accounts). Every fund had a nice drop in fees! :)
My guess is that an 8 or 9 figure portfolio pays closer to .25. But that's still a lot of money.
Go growth/tech:
www.cnbc.com
'Absolutely bullish': Why PNC Financial sees the growth trade beating value into year end
PNC Financial’s Amanda Agati expects value trades to struggle in connection with slowing economic growth.
That’s low. Hard to imagine what they charge to get that avg down to 15 bps.
Easy to get index ETFs under 10bps (especially with 401ks).
Index funds are a great way to invest for the long term. I’m at the stage I’m looking for lower beta and tax/retirement planning.
VOO - S&P 500
VUG - Large Cap Growth
VGT - Tech
VHT - HC
VO - Mid Caps
VB - Small Caps
VEA (if you want some international exposure)
All for 0.05% to 0.10%!
TSLA has to pull back a bit soon. All crazy run-ups do! However, I doubt it will be big enough to buy the dip.
There will certainly be pullback on TSLA and the info out there that the Hertz deal wasn't signed yet will cause this to drop hard. Bit of a head fake to me though as I could see people piling into this too with the runup it has had and their oppty to get on board
I don’t think the Hertz deal not being sign has any material impact. The real news is that Musk admitted they have a production problem and can’t fill the orders. Can’t sell what you can’t produce. Can’t take advantage of the 5 year lead if you can’t get cars out. Also, TSLA had to roll back the new FSD release.
The Hertz deal was overblown IMO and this latest run started well before the deal was announced. Tesla was supply constrained prior to the announced deal and they'll remain supply constrained for some time with or without Hertz. The EV revolution is really picking up steam. Demand for EVs is at an all time high. This trend will only continue.
The Q3 #s were the main catalyst IMO. The 30% gross automotive margins finally awoke many Wall St. analysts from their slumber. Cash to debt ratio and ROIC also. Fundamentally, the company is rock solid, far better than any other auto manufacturer, and poised for additional aggressive expansion. We saw price targets increase across the board after the Q3 report.
+70% over the last 3 months is pretty nuts, even for TSLA. The run has to end at some point.
The Q3 #s were the main catalyst IMO. The 30% gross automotive margins finally awoke many Wall St. analysts from their slumber. Cash to debt ratio and ROIC also. Fundamentally, the company is rock solid, far better than any other auto manufacturer, and poised for additional aggressive expansion. We saw price targets increase across the board after the Q3 report.
+70% over the last 3 months is pretty nuts, even for TSLA. The run has to end at some point.
Tesla being supply constrained isn't news. No other auto is even close to Tesla's production and their Q4 production will top their Q3 production, guaranteed. Same will go for Q1 2022... and so on.
Version 10.3 FSD roll back was insignificant. 10.3.1 was pushed out 3 days later. That was 2 weeks ago.
After going up 45-50% in 2-3 weeks, a pullback of 10-20% is not a huge problem. Maybe time to sell more upside calls.
What will be interesting is the impact of Musk's offer to fund $6 billion to a worldwide ending hunger campaign is he is handed a detailed plan. For all my criticism of Musk that was a brilliant bit of jiu jitsu. Coming up with a concrete plan that doesn't allow those UN bureaucrats to siphon off 50-60% to friends, family and their own pockets? Inspired. But if he does have to sell that might take away a little of the froth.
Rule #1 - Never chase the pump!
Rule #2 - Buy the dip!
But the "dip" is in the eyes of the beholder.
