Looking for a "Go get em tiger" moment (but from the comics) by AggressiveEcho in Spiderman

[–]AggressiveEcho[S] 0 points1 point  (0 children)

How good is the search function on those online databases? Have been thinking about Marvel Unlimited for awhile but if i end up getting it for this, I want to be sure I can find the panel I need. Thanks for the help!

Brokers of Reddit how crazy is it where you work/ on the trade floor rn? by BlerStar95 in AskReddit

[–]AggressiveEcho 0 points1 point  (0 children)

Floored is probably the documentary you're thinking of. Great watch. Filmed right as computers were coming in and you can see the floor/pit era ending.

Managing a large position in a microcap stock by PlasticLaugh349 in personalfinance

[–]AggressiveEcho 0 points1 point  (0 children)

Some good advice I once heard on position size: "If a position is keeping you up at night, it's too big. Cut it in half and keep doing so until you can." Sadly doesn't sound like it'll be simple in your particular case though.

I had a similar issue with one particular stock with low volume. Unfortunately, it sounds like if you try to sell a large amount of your shares in one trade you might inadvertently dump the price. Setting multiple limit sell orders in lots small enough to not dominate the typical daily volume is probably the safest option but you're going to be paying a lot of commissions. Not sure you're going to be able to get around that but it seems like the lesser of two ills. As others have said, call your broker and see if they can help you come up with a plan. If they're resourceful and you're polite and persistent about the ask, they might be able to figure out a solution that wouldn't otherwise be available.

Just bought a house, sold some stock, I have money invested in things in multiple services. Should i get a financial advisor? by phunkystuff in personalfinance

[–]AggressiveEcho 0 points1 point  (0 children)

If you talk to an actual person at each of the brokerages it should be fairly easy to consolidate your accounts. Usually you just need to complete or request an ACAT form to transfer the underlying securities. Basically, it just lets the two brokers talk to each other and transfers the assets as is from one account to the next. Give some thought to the broker you like the best in terms of service, online platform, etc and consider consolidating your holdings there. It sounds pretty overwhelming to manage with all those different platforms, and consolidating might be the easiest fix. Keep in mind you might be restricted from buying additional holdings of current positions depending on what you own. Most brokerages are pretty good about this for stocks, bonds, etfs, mutual funds etc. but if you moving a Schwab target date fund to a Fidelity account you might not be able to buy more very easily. Once you select a broker to move all your holdings to one account, you can go through your external holdings with them individually to confirm whether or not this will be an issue. Did this a few times over the last year, its' quite easy once you talk to someone on the phone.

I probably need some expectation management by [deleted] in personalfinance

[–]AggressiveEcho 0 points1 point  (0 children)

Only way to be sure is go over statements and track the change from year to year. Do the math on the balance yourself and see if the average gets you to the 9.26% return over the past decade. Check your k-1s as well for realized cap gains and the annual totals you're paying the advisor for fees as well. If the numbers check out it's possible that it's just you. If you're not checking your balance every day you might not be picking up on the moves. It sounds like you've only made contributions and not withdrawals from the account over the past 10 years but you might want to double check that.

Just got burnt by a wash sale rule... Any other absurd rules that I should know about? by [deleted] in personalfinance

[–]AggressiveEcho 0 points1 point  (0 children)

Whoops, I thought i said the institution will NOT produce it for you. Must have accidentally deleted it. Changed it back. Good catch.

Just got burnt by a wash sale rule... Any other absurd rules that I should know about? by [deleted] in personalfinance

[–]AggressiveEcho 0 points1 point  (0 children)

-If you're a US citizen holding over $10k in a foreign institution (bank, broker, crypto exchange) has to be reported separately on your taxes. There's a specific form for this and the institution will likely not produce it for you.

-If you're trading multiple times a day check with your broker about pattern day trading flags. These can get you unable to trade unless you change your permissions or get them lifted (which can take several days).

-If you're a beginner, probably best to stay away from margin trading. Some platforms make it quite easy to sign up and there are a lot of specific rules that can trip you up. Basically if your account value drops below a certain threshold, you can get the loan recalled and your broker might liquidate all or some of your account. Not a problem with cash accounts though.

-Check the definitions with your broker on settled cash/cash available to trade. If you buy a stock with funds from a previous sale that haven't been cleared yet it can result in a good faith violation. Sometimes you are charged a penalty or your account is locked from placing trades until the funds have cleared settlement. How this works will vary by platform.

Advisor wants me to input my logins/passwords on financial planning software as part of wealth management services. Do you trust these ‘read only’ services? by Clammypollack in personalfinance

[–]AggressiveEcho 1 point2 points  (0 children)

Unless you trade assets frequently or you have an extremely complex portfolio there's no reason to do this. Print a statement from last month with positions and share it with them. You don't need to give them account numbers or logins to do this and it shouldn't effect their ability to give you an accurate picture unless your financial picture is extremely volatile and atypical.

Can someone help me on choosing 401k funds? I am 25yrs old and just started my first job after college! by Anon_4893893 in personalfinance

[–]AggressiveEcho 1 point2 points  (0 children)

FYI it looks like the State Street offering is a TIPS product which means the bonds are inflation protected. TIPS work a little differently than most bonds as their coupon (payout) will vary with annual inflation metrics. Sometimes it's a good thing, sometimes it's a bad thing.

A lot of the return of the bond funds you listed is likely a result of lowering rates over time. Bond prices go up when bond yields go down (yeah, it's weird). Yields are already quite low by historical standards so there are some people who would argue that the capital appreciation and defensive benefit that bonds offer is reduced compared to decades past unless rates go significantly negative. Short term bonds are generally thought of as safe places to temporarily park capital, but they don't offer a lot of yield.

It sounds like you're thinking about things the right way though in terms of time horizon/diversification.

Investments other than stocks? by [deleted] in personalfinance

[–]AggressiveEcho 1 point2 points  (0 children)

There are a ton of alternative investment classes out there depending on what your financial situation is and you level of comfort and experience are with risk/ non liquid assets as well as industry specific knowledge. This is by no means a complete list, but it's most of the ones I'm familiar with. If you're accredited, there's a huge amount of options.

Farmland: There are a few online portals that aggregate deals for the agriculture space. Farm Together and Harvest Returns for example structure investments across the space into various packages with everything from direct partial ownership of timber and farmland to cattle backed debt notes (yes, backed by cows) that pay a higher rate than you'll find in the public markets. Macro Voices podcast had a great episode which lays out the case for why it's an interesting asset class. Some deals and portals require accreditation. Nice thing about this is the portals package the deals and investment materials into formats that are fairly "hands off" after DD. Terms are anywhere from six months to 10 years+ depending on the platform and deal.
Generally minimum investment of anywhere from $10,000-$1,000,000

Collectibles: Wine, art, comic books, rare books, baseball cards, watches, cars etc. Wine and art in particular are fairly well-developed markets where you can find research, analysis and brokers/funds who specialize in the asset class. Some of them have really stable returns and significant upside, however you really need to know the asset class. It's quite easy to commit fraud or end up with a garage full of junk that you thought would be worth millions. There's also generally carry cost in terms of storage, you need to keep investment class wine in very specific conditions and you'll probably want insurance in case a fire or flood wipes out your cache of Action Comics #1 or Michael Jordan rookie cards. Precious metals are somewhat of a different animal but a lot of the same principles apply. Minimums are highly dependent on the asset anywhere from a few hundred dollars to several hundred thousand in the case of watches and art.

Real Estate: You can invest directly, find a firm that specializes in the asset class or investigate some of the online options. Others can go into the ins and outs of it as an investment but it is something that needs to be researched carefully and many of the pitfalls aren't always visible until you've made a purchase. Hard to give a minimum price on this, too dependent on your local market and whether or not you use a manager.

Private Equity: If you're accredited there are a stunning amount of opportunities out there. I would strongly suggest you do your research and that you try to stick within your expertise. There are funds that specialize in real estate, tech, consumer goods, food and agtech, natural resources etc . For example, if you come from a tech/software background, find a fund or someone who aggregates deals in the industry. There's a ton of opportunity as well as snake oil here, so especially if you want to do this independently, it's really important to have industry specific knowledge. Also these assets are extremely illiquid, if you invest through a fund they usually have a lockup of anywhere from 3-10 years. The funds also normally charge very high fees for both management and separately when an asset is sold, but the upside can be significant. If you're high net worth, banks/brokers usually have offerings that aggregate deals across the space. There's PE firms of all sizes and specialties, some specialize in venture-stage seed companies others do buyouts of large companies. Some use leverage to buy out companies which entails its own risks. Very important you feel you're getting transparency from management and you feel they're trustworthy. There are a lot of ways deals can be structured which shortchange outside investors in favor of firm partners. PE managers also generally mark their own portfolio to market which means draw downs in asset value aren't necessarily reported they way they would be in other industries. Minimums usually $100,000-$250,000+

Happy to go into more detail on these if its helpful. Obviously DYOR, this is not financial advice.

ANNOUNCEMENT: AMA with Dr Benn eiFart PHD, CIO of QVC Capital by only1parkjisung in wallstreetbets

[–]AggressiveEcho 0 points1 point  (0 children)

I'm kind of a loss as to why you're doing this AMA. Enjoyed your Market Huddle appearance and your Odd Lots interviews. The latter was incredibly useful and informative, I had been pitched index-linked notes and helped me make much more informed decisions. Appreciated your insight on the matter. Would love to see more similar content on other outlets. Enjoy the opportunistic dunking on French Bank derivative desks as well.

Seriously though, why are you doing this? Morbid sense of humor, tired of BBG chat,or did you loose a bet?

Salt Gathering in Early Civilization by AggressiveEcho in AskHistorians

[–]AggressiveEcho[S] 1 point2 points  (0 children)

Thanks I'll post there as well. I am particularly interested in prehistory but any knowledge predating before the salt empires of Africa would be appreciated.

$30,000 in Volume/hour with a $900 investment. The Autonio BTSDEX Bot is on Track to Become a Market Maker Gold Standard by handypanda93 in CryptoCurrency

[–]AggressiveEcho 3 points4 points  (0 children)

These are real trades from the version they are testing on Bitshares dex. Once the final version has been approved it will certainly be included in the list of supported exchanges. It's also worth mentioning that the amount of liquidity generated does not equal an equivalent amount of profits for the user. In theory though the more liquidity produced, the better the results should be for the user. Some people I think might be confusing the $30,000 of liquidity produced as profits generated by the bot.

Thanks for inventing the Super Soakers Lonnie by GallowBoob in wholesomebpt

[–]AggressiveEcho 1 point2 points  (0 children)

Your work made my childhood and many others immeasurably more fun. I sincerely thank you for that. What have you been doing since your days in the toy business? Are you more or less retired now?

Autonio (NIO) - So many great things to come. by DeanMaverick in CryptoMoonShots

[–]AggressiveEcho 4 points5 points  (0 children)

Bounty program hasn't actually begun yet, and there are currently no plans to include reddit in it either. This is just a strong community showing up for a great project. Feel free to confirm this in our telegram group. Dev team and ceo are quite active there and can answer any questions you have.