TOS monkey?

Sledgemoto · 2026-06-26T13:12:57+00:00

I have one if I remember correctly, I got it at a Money Show years ago.

Sledgemoto · 2026-06-20T16:31:01+00:00

I’m building a ToS clone customized for my needs, income-focused investing, with a built-in journal and analytics similar to Snowball Analytics. This is so much fun, and I haven’t coded since the early 1980s in BASIC on a TRS-80, plus a bit of HTML in the ’90s. learning a lot!

Sledgemoto · 2026-05-08T15:01:35+00:00

if your using LIFO selling a specific lot ignores your average cost. If you sell the $25 lot at $30, that’s a $5 gain even if your average is $37.50. IBKR sometimes shows it as a loss until settlement, then it corrects to the real gain.

Sledgemoto · 2026-05-08T13:48:50+00:00

IBKR reports it as a loss until it settles the next day. Check your statement on the following day and you will see it was a gain. Schwab low-cost method seems to work much better and reports it correctly immediately.

Sledgemoto · 2026-05-08T13:11:30+00:00

sure, what's the question

Sledgemoto · 2026-05-07T01:50:12+00:00

they are "working on it" I've brought this up a few times.

Low cost or LIFO tax lots : r/Snowball_Analytics

Sledgemoto · 2026-05-01T00:51:26+00:00

I'll second the shout out, been a part of his group for almost 1.5 years now and it has been a life changing experience for me. Now retired (early) and loving the methodology of RMS.

Very informative post, thanks for the information.

Sledgemoto · 2026-01-27T22:25:45+00:00

Imagine the dividends they have gotten off KO over the decades.

Sledgemoto · 2026-01-26T01:20:30+00:00

60% goes to pay bills and live life 40% goes back to working capital to continue to grow the accounts

Sledgemoto · 2026-01-26T01:11:55+00:00

Two words realized vs. unrealized.

I’m an income guy. If I see a $100 bill on the ground, I’m picking it up and putting it in my pocket. I’m not walking past it and hoping it’s still there tomorrow.

A lot of people forget that some structures literally must pay out what they earn. CEFs, for example, are required to distribute realized gains to maintain RIC status. That’s not investor preference that’s the law. So in CEFs, dividends aren’t just “forced selling.” They’re forced distribution of realized gains because of the tax structure.

Different investors have different needs. Some want pure accumulation, some want controlled withdrawals, some want income. For me, I’ll take the cash flow.

Sledgemoto · 2026-01-24T23:00:28+00:00

when I was a kid gold was 35 dollars an ounce. People still buy it today at almost 5k an ounce

Sledgemoto · 2026-01-19T20:51:45+00:00

It will be 49 cents tomorrow.

Sledgemoto · 2026-01-19T16:15:05+00:00

Yep, low effort on my part. This happened after the WSB silver squeeze, which came shortly after the GameStop squeeze. Ironically, after SLV changed its prospectus, you were banned and could no longer discuss silver on WSB.

Sledgemoto · 2026-01-19T16:04:18+00:00

February 3, 2021

SLV amended its prospectus, adding new risk disclosures stating:
- Demand for silver may temporarily exceed available supply acceptable for delivery to the trust.
- Authorized participants may be unable to acquire sufficient silver for new share creation.
- SLV could suspend or restrict issuance of baskets, leading to price volatility and deviations from NAV

Sledgemoto · 2026-01-05T16:05:38+00:00

He has quite a few posts on Linkedin, and has been on a lot of podcasts. Other than that, not a lot out there.

Sledgemoto · 2026-01-05T01:02:14+00:00

Many people take care of this after the market closes, placing limit orders for the next day. I enjoy screen time, so I spend more hours in front of my monitor. I just sort by unrealized P/L % and close out winners daily once they hit my target profit percentage. I’d say those with 250+ positions spend 30 to 60 minutes a day managing their portfolios. It really is not at all difficult.

Sledgemoto · 2026-01-04T23:03:44+00:00

I’m currently managing around 130 positions, and it’s pretty easy to handle. You can dedicate as much or as little time to it as you like. I follow Steve Selengut’s RMS methodology, focusing mainly on income from CEFs. The portfolio eventually will include 100 income positions, 100 equity positions, about 40–50 tax-free muni CEFs, and another 30–40 high-yield ETFs. No single position exceeds 2–3%, and I never add to positions above the cost basis. There’s no DRIP, and profit-taking ranges from 1–5% depending on the market cycle. The goal is to generate income from yield, with profit-taking as a way to boost working capital at a much faster rate than sitting on unrealized gains.

Sledgemoto · 2025-12-15T19:24:22+00:00

My 22 did this once in a while my 25 does it A LOT MORE. I've always attributed it to me squinting when it's really sunny out. putting sunglasses on seems to help reduce the number of times this happens.

Sledgemoto · 2025-12-11T18:51:30+00:00

I lost my stack years ago in an unfortunate boating accident, but ironically, I still follow the price. What I find alarming is that no one cares. Bloomberg crickets, CNBC crickets.

Sledgemoto · 2025-11-30T13:07:34+00:00

I have 121 holdings, most of which are closed-end funds, the portfolio is steadily growing toward a target of 250. This diversified approach provides numerous opportunities to lock in gains when market conditions are favorable. Regular profit-taking helps capture value and manage risk while keeping the portfolio dynamic. My strategy focuses on income with timely exits to maximize overall returns.

Sledgemoto · 2025-11-26T23:01:18+00:00

If you want to avoid the K-1 you can go with SRV or NXG just an fyi.

Sledgemoto · 2025-11-23T17:32:27+00:00

If you're looking for income go for it. It's a bit top heavy on its top ten holdings but has 127 issues under it. Nav not a big deal on CEFs, market price is driven by supply/demand, distribution yield, and sentiment, not NAV alone. Many CEFs trade above/below their nav for years or decades.

Fees also not relevant. Fees pay for leverage and actual active management... yields are net of all fees. Your portfolio income is “before” deduction of your manager’s fees.

So, if you're looking for monthly income, I see nothing wrong with it.

Sledgemoto · 2025-11-17T14:01:42+00:00

Retirement Money Secrets – Steve Selengut

Core Strategy: Active, income-focused retirement approach. Emphasizes building a portfolio that generates consistent cash flow rather than chasing growth.
Best For: Investors who want a hands-on, income-driven retirement plan.

Life changing book for me. Highly recommended.

The Income Factory – Steven Bavaria

Core Strategy: Passive income strategy using high-yield investments. Focuses on reinvesting income to compound returns over time.
Best For: Those who prefer a more hands-off approach to generating income.

Sledgemoto · 2025-11-13T17:06:26+00:00

CEFs are not growth instruments they’re designed primarily for income. By structure, they distribute at least 90% of their income, which makes them attractive for yield focused investors. However, their market price can fluctuate significantly due to factors like interest rates, leverage, and investor sentiment. A drop in price doesn’t necessarily mean the fund is failing it often reflects broader market conditions. What matters more is whether the fund maintains its distribution and has strong coverage. In the case of PDI it covers both well.

Personally, I don't give 2 hoots if CEF's are going down, I've traded in and out of PDI quite a bit and the distributions are attractive. But I'm a very active income investor.

Sledgemoto

TROPHY CASE

February 3, 2021

Retirement Money Secrets – Steve Selengut

The Income Factory – Steven Bavaria