I have two stocks in my portfolio that I held through a stock split. Tesla which split 3:1 and Wal Mart which also split 3:1. I rode Tesla from $300 a share to $1200, I cashed out some big checks through the run and stayed in for the split. Hasn't gone so well since. I held Wal Mart as it tripled in value, cashed out a big check when the Walton family sold a few months ago right before the split. Again I stayed in. Tesla is really fucking up my numbers since the split. WMT is doing ok since the split but not bringing down the chandeliers. In other words, my stock split experience is not great. NVDA seems to be defying gravity but then it might be a set up. I'm staying away for now. But what the fuck do I know. yes I have made some good coin but its really been hard not to make money in the last few years of this bull run. My buddy just went in big on NVDA today, and he is a Jew. I don't know if he got the secret email from Jew HQ, he is usually very conservative.
The big checks I cashed out from tesla and wmt I used to fund a new business I started last year.
I did not put the $$ back in stocks. Diversify. The most basic thing you learn in business school, on't throw good money after bad money too. USC Marshall. And yet in 2008 I ignored those basic rules and paid the price. Not this time.
Buying non performing real estate loans is really turning into a good business for now.
Good luck with NVDA. I have some cash on the sidelines right now that I need to deploy. NVDA is one stock I'm watching.
Yes, I make the loans myself directly to the consumers. Usually people I have loaned to before and oftentimes realtor or mortgage brokers I know refer me clients. I kick them down a referral fee. I personally underwrite the loans for risk and i service them myself. I drive by the property instead of ordering an appraisal and collect a fee for that.
it’s a mortgage loan. Secured by a second trust deed. They don’t pay you foreclose. I rarely do that though. I just got paid off on a $20,000 dollar loan that hadn’t paid me in 5 years. Instead of foreclosing I let it ride and treated it like a CD at 9% interest rate. The borrower died and left the house to a granddaughter who refinanced and paid me off. I was annoyed with them for not communicating with me so I charged them full interest for the 5 years, late charges , property drive by fees( I did the property drive by’s myself and kept the fees), etc, etc etc.
When I don’t want to play I have a foreclosure trustee send them a certified notice of intent to foreclose and guess what? They pay
Truth on tqqq. If it hits $75 tomorrow and it won’t. I’m screwed. If it hits $73 by 6/28 I have a problem. Like a 1.5 million capital gain problem. And the way taxes work if you haven’t deposited through the year and make it all up in October to December? You get spanked. Like you were supposed to know that your stock was going to takeoff and then get cashed in in September.
So you bought what at $220? Nvidia?
I like Apple as well. And you’re right about treading water. I am trying to accumulate cash and buy it at about 190. I wish I had bought it at 160 or 170 when it was on a dip a few months ago. I think apples next move will be in AI. But that will not be felt with this version of iPhones this fall. I think by the end of 2025 you will see Apple, who is typically to the market with innovations flex, their muscle and AI to have a real effect on Apple from there forward.
I originally owned 200,000 of it dollars that is in about 2010 or 12. That grew to about 2 1/2 million and I was forced out of it with a call a couple of years ago. I think I have gradually bought back in and have about $220,000 of it. and if I could dump all the cash I have into it. I would about double that amount. It’s not as much as I used to have, but I can sell myself with the fact that Nvidia and Apple both drive TQQQ hard and I don’t Apple anymore I own enough of the other that way I indirectly own them , and benefit from them
I tend to see tqqqs hard falls as opportunities. I like that it falls hard far and fast.
Yeah. I bought Nvidia at 220. 200 shares. I had a feeling , but Dam. I had no idea I’d make a thousand bucks a share. It’s a Monster like Apple. But it’s gonna tread water like Apple for awhile.
Short term capital gains suck. Especially for your tax bracket. Seems like you pay half to Biden .
Know what’s funny? Not sure if it’s that they get the first 13.3%. Or that they have no cap gains. Probably it. Or fewer deductions. But I pay as much to ca at 13.3 as I do to Joe at 39
I mean you can deduct the 13 from the 39 but still. Maybe a lot of the different between cap gains. Ca is 13 first dollar and feds are 0 10 15 and 20 depending on your income.
But yeah. I pay almost equally to both. This quarter. Quarter. I had paid the state and feds about 100k each and my accountant emails me and says “ok so for this quarter. I’d suggest around June 17-20 to be safe. Let’s send $200k to ca and $220k to the irs”.
Yea. Let’s. Ok. I just sent my $100k each. Are “we” as in you going to send the other half now? F you with “we” and “let’s”. Are you kidding me? $220,000 to the irs and $200 to Gavin? Geez I have an incredible quarter or year and I have to sell stuff to give them half?
And that’s pretty much what life has become. I know. No one feels sorry for me. And I sure can’t talk about that at work to people making $18 an hour. Boo hoo. Shoot when this board started I’d probably have love to have made $18 an hour. Kings ransom back then.
Short sale bets top $34 Billion.
I have two stocks in my portfolio that I held through a stock split. Tesla which split 3:1 and Wal Mart which also split 3:1. I rode Tesla from $300 a share to $1200, I cashed out some big checks through the run and stayed in for the split. Hasn't gone so well since. I held Wal Mart as it tripled in value, cashed out a big check when the Walton family sold a few months ago right before the split. Again I stayed in. Tesla is really fucking up my numbers since the split. WMT is doing ok since the split but not bringing down the chandeliers. In other words, my stock split experience is not great. NVDA seems to be defying gravity but then it might be a set up. I'm staying away for now. But what the fuck do I know. yes I have made some good coin but its really been hard not to make money in the last few years of this bull run. My buddy just went in big on NVDA today, and he is a Jew. I don't know if he got the secret email from Jew HQ, he is usually very conservative.
The big checks I cashed out from tesla and wmt I used to fund a new business I started last year.
I did not put the $$ back in stocks. Diversify. The most basic thing you learn in business school, on't throw good money after bad money too. USC Marshall. And yet in 2008 I ignored those basic rules and paid the price. Not this time.
Buying non performing real estate loans is really turning into a good business for now.
Good luck with NVDA. I have some cash on the sidelines right now that I need to deploy. NVDA is one stock I'm watching.
Appreciate the thoughts. Very thorough. I’m not that naive; my NVDA is <5% of my portfolio (minus real estate). Might be a good gamble.
I don’t usually get caught up in the hype but my previous investment in NVDA alone allowed me to retire 3 months ago.
Might be able to actually go to all the SC games home and away this year (long time goal).
Fight on and thanks.
You missed the boat. Enjoy the ride down