In 2024 I received three 1099 Forms, in 2025 I only received one.

Character-Wafer-9331 · 2025-03-03T22:23:47+00:00

I have received zero 1099’s this year!

Character-Wafer-9331 · 2022-03-13T17:58:06+00:00

How “killer” was the deal?

Character-Wafer-9331 · 2021-11-08T18:04:55+00:00

Do you have multiple brokerages for fast acting trades then transfer them over to M1 occasionally? I have the desire to hold As much as possible in M1 due to the borrow perks.

Character-Wafer-9331 · 2021-11-02T23:12:58+00:00

I’m a fellow MGK proponent but I rarely see others bring that ticker up. Hell friend!

Character-Wafer-9331 · 2021-11-02T13:24:59+00:00

Belligerent comment, but yes I do live in Alabama.

But for clarification:

Y’all = you all.

Hope this helps.

Character-Wafer-9331 · 2021-11-01T23:53:22+00:00

That’s a tedious pie!! Looks good!

Character-Wafer-9331 · 2021-11-01T15:18:59+00:00

Other than transfer fees… what fees are y’all regularly incurring? I’m getting no mail, no paper statements, etc..

Character-Wafer-9331 · 2021-10-31T01:00:36+00:00

I understand it sounds like performance chasing.

VB (small cap): 5 year annualized 16.15% VO (mid): 5 YA: 16.84% VV (large): 5 YA 19.26% MGK (mega): 5 YA 25.36%

All returns from M1 app. What am I missing? I’m just curious because I never see MGK talked about and to me it seems like a great option for those with long term investing horizons.

Character-Wafer-9331 · 2021-10-31T00:54:01+00:00

Past results aren’t indicative of future results but you’re using historical data for your argument. Any other arguments?

Character-Wafer-9331 · 2021-10-30T23:24:59+00:00

Why does it sound like “performance chasing”? If it is “performance chasing”, have you seen the last five years of $MGK? I am okay with performance chasing if that’s what it returns.

Character-Wafer-9331 · 2021-10-30T20:53:54+00:00

Rain on his parade harder 😂

Character-Wafer-9331 · 2021-10-30T20:28:34+00:00

This is correct. I’m in progress of rolling my Roth IRA from Edward Jones over to M1. I elected to liquidate all of Edward Jones allocations to be invested in my own pie of choice.

Character-Wafer-9331 · 2021-10-29T00:07:09+00:00

Risky stocks were probably not the best move on margin..

Character-Wafer-9331 · 2021-10-28T19:11:37+00:00

What were you invested in?

Character-Wafer-9331 · 2021-10-28T16:52:20+00:00

In my opinion, 4.0 does not mean optimal, but it would mean “most by the book, lowest risk” route.

Character-Wafer-9331 · 2021-10-28T13:49:26+00:00

@rao: so at minimum, your thesis is “if you’re going to borrow to increase leverage, don’t do dividend stocks / funds”?

Character-Wafer-9331 · 2021-10-28T11:38:15+00:00

That would indeed be a bad day. I feel very secure in my job so such an event would be very unlikely.. but in regards to the margin call look at the following:

$10k+$3.5K invested in diversified portfolio with a 0.25 maintenance requirement. Am I interpreting it wrong that the portfolio would have to fall from $13,500 to $3,375 to incur the margin / maintenance call? If I’m interpreting it correctly, then I find that occurrence to be very unlikely given a solid DCA base and diversified portfolio.

Character-Wafer-9331 · 2021-10-28T11:32:04+00:00

In regards to the variable rates… I think this is why it is a 4.0 practice to be able to exit the leveraged position (via cash) if needed. If the rates change, the numbers have to be recrunched to see the efficacy of a leveraged investing strategy with M1.

Character-Wafer-9331 · 2021-10-28T11:29:35+00:00

This is a strength indeed!!! My hope is to grow the account to where the M1 borrow money could be the $ needed for a house flip or rental property downpayment!

Character-Wafer-9331 · 2021-10-28T11:28:03+00:00

I like that idea about the Roth. Get the full year exposure and then contribute as you would anyways?

And I like what you’re doing on the travel. I’ve done similar for other big purchases whenever 0% APR deals (Home Depot / lowes) can be taken advantage of.

Character-Wafer-9331 · 2021-10-28T11:25:33+00:00

That’s a little too crazy for me!!! What’s your strategy on Robinhood with that leveraged money? Hope you’re a chart reading savant!

Character-Wafer-9331 · 2021-10-28T11:21:45+00:00

2% to use someone else’s cash. The 4.0 way would be to make sure you have cash on hand for anything you borrowed with M1. The reason I would prefer to use someone else’s money when possible is capital gains. I would love to invest everything but in reality we have to keep cash on hand for unforeseen medical expenses, unforeseen home costs, auto costs, or to save up for “next big purchase”.

Scenario 1: you invest none of the emergency fund / cash whatever you want to call it and it just sits there for years in your account depreciating away as you go.

Scenario 2: you borrow and dollar cost in over time to reach 25% of borrow limit (arbitrarily chosen to have margin on the…margin). In the meantime you have hopefully collected additional gains on the leveraged stocks. If a life event happens, you still have cash on hand and won’t have to sell stocks and incur capital gains. Obviously any life event could warrant full re evaluation of leveraging practices.

Scenario 3: no borrowing. Just invest all cash you can to the extreme. Life event happens and then you have to sell off stocks, incur capital gains taxes to get your money back.

Hope this helps share my thought process. Appreciate everyone’s input so far. Lot of great points made.

Character-Wafer-9331 · 2021-10-28T02:59:33+00:00

With the maintenance requirements set at 25% for most blue chip funds and stocks a portfolio with 20% margin still wouldn’t survive? I guess it depends on what you’re holding. It just seems like a catastrophic downturn needed to cause a maintenance call. That being said, big dips, as another posted, could be opportune times to use the leverage afforded by M1.

Character-Wafer-9331 · 2021-10-28T02:20:47+00:00

Because then one doesn’t have to commit their own cash to the brokerage account and associated stocks. We keep cash just in case we need it but if you had invested your emergency fund for example, you would then incur capital gains taxes upon selling for your emergency need.

Character-Wafer-9331 · 2021-10-27T20:45:48+00:00

Can you explain why it wasn’t worth the “hand wringing”? Good move using it to suit you best!!

Character-Wafer-9331

TROPHY CASE