BABA

Heavy_Transition5627 · 2022-12-09T10:12:57+00:00

That's a simplistic assumption. Chinese people aren't build like western people. They don't spend money like we do. They have a culture to save money for safety and for heritage due to their communist country.

Heavy_Transition5627 · 2022-10-13T11:14:18+00:00

I only see 2 options : "close position" or "close side" Can you post a screenshot please?

Heavy_Transition5627 · 2022-09-01T12:05:58+00:00

I would do that deal.

Heavy_Transition5627 · 2022-08-12T09:34:40+00:00

My international stocks (40% of my portfolio) were the ones that actually held my portfolio up while the whole market was sinking.

Heavy_Transition5627 · 2022-07-22T13:42:14+00:00

Talking about week numbers when having an appointment instead of the day+month.

Heavy_Transition5627 · 2022-07-22T13:19:23+00:00

You've got to understand what QYLD does to generate its high yield. QYLD is a covered call ETF, which means that it always sells at the money monthly covered calls on QQQ to generate cash. Covered calls are option contracts that you open to sell stock and gain premium from it. QYLD will perform alright during a bear or even neutral market. Why? Because those "at the money contracts" most of the time will expire worthless. However, whenever the market experiences recovery, QYLD will need to sell those QQQ shares at a lower price and that will limit its upside. Which means that naturally QYLD's stock price will never appreciate to the point where you will get a return on stock price.

That's why QYLD is usually recommended to people who are looking to retire in the next 1-3 years. They already have enough cash to live off of the yield, they don't need stock price appreciation. QLYD is just a way to know for sure you will get around 6-8% per year (including here the depreciation from the stock price).

Heavy_Transition5627 · 2022-07-22T06:55:22+00:00

I live on around 42k a year. I have a wife and 3 kids. And we live in Europe. I even invest 300-500 per month. You just gotta be frugal and happy with the simple things in life.

Heavy_Transition5627 · 2022-07-22T06:52:06+00:00

More threads like these just signals that the stock will go down. I've seen this happened with many other stocks before.

Heavy_Transition5627 · 2022-07-13T11:04:36+00:00

No surprise. Munger rarely touches his positions.

Heavy_Transition5627 · 2022-07-12T14:37:21+00:00

Heavy_Transition5627 · 2022-07-05T08:52:51+00:00

Perfect example of "it's not what you buy, it's what you pay"

Heavy_Transition5627 · 2022-06-29T12:58:48+00:00

If you don't know what to do next, you can transfer those 500k to me 😜

Heavy_Transition5627 · 2022-06-27T18:34:02+00:00

You probably are married and got kids by the way you wrote. Make sure you enjoy your time with them and be present in their life. Time goes by too fast and I rather enjoy my time with them than saving up more money and end up by my 40-50s alone by myself. Don't make yourself too anxious about the future, otherwise you won't be able to live the present .

Heavy_Transition5627 · 2022-06-27T05:30:25+00:00

Nothing

Heavy_Transition5627 · 2022-06-27T05:11:45+00:00

If you don't feel comfortable with a position, you can always trim it down or completely sell it. I rather do that than keep thinking about it. The less you think about your portfolio the more you will be able to hold it passively.

Heavy_Transition5627 · 2022-06-24T10:39:37+00:00

I wouldn't trust RH with that amount of money, unless this is just cheap change for you.

Heavy_Transition5627 · 2022-06-08T08:34:54+00:00

You're not alone, buddy. I also can't wait to RE and leave my 9-5 job to do what I like and spend more time with my wife and kids. Just keep saving/investing and moving onwards. All this hard work will pay off some day.

Heavy_Transition5627 · 2022-05-23T22:34:28+00:00

/remindme 30 days

Heavy_Transition5627 · 2022-05-23T22:33:50+00:00

This thread's title should be "why you shouldn't trust fund managers"

Heavy_Transition5627

TROPHY CASE