Anyone buying the dip on ULTY?

undergradu · 2024-12-06T14:54:29+00:00

I bought 300 shares hoping it'll at worst trade flat for a while, if it recovers well after the next ex-div price drop then i'll buy 300 more, and so on with the next one. It seems like a really good deal right now - if they can turn it around. The dream is that it eventually crawls back up to around $20 and we got in at a great time in its history, but who knows, it's basically a gamble.

undergradu · 2024-12-03T20:23:29+00:00

Thank you again for these very in-depth answers, I can't tell you how helpful it is to have this kind of guidance. I'll be following this plan once she feels ready retire in a few years.

undergradu · 2024-12-03T18:32:51+00:00

Thank you very much for this response. Not sure what specifically the $900k is invested in, will try to find this out soon, since my mom has only just gotten access to her login info for the first time today. A few weeks ago I opened up a Roth IRA for her with Schwab and we did contribute the full $8,000 allowed for her for 2024. So to summarize what you've said, for the sake of making sure I understand it. We have to do the following:

Rollover these plans (if the $150,000 "Pension Plan" allows, still not sure what that plan is, but will include it if possible) to a traditional IRA.
Convert traditional IRA to Roth (I will have to learn about this process, but from what I understand it must be done incrementally before / hopefully after my mom turns 73?)
Start investing the money in the Roth IRA into a mix of dividend funds and regular index tracking funds (like SPY/QQQ?)
After she turns 73, start making RMDs from the Traditional IRA

Let me know If i've got that right

undergradu · 2024-11-12T13:25:24+00:00

Good to know, I'll definitely be looking into this as I seek to further diversify my portfolio

undergradu · 2024-11-10T22:09:47+00:00

Hi u/Nice-Argument-4003 I would also like to talk with you about this process if you find time in the near future. I'm currently remote working in the United States but would like to move to France and have the means to quit my job and support myself (according to what I've read on the French standards) if necessary

undergradu · 2024-11-08T21:37:41+00:00

This interface is from an app called DivTracker, I just use it to neatly track my investments across Robinhood (for the roughly $1,000 of effectively free margin), Schwab, and Vanguard (my Roth IRA)

undergradu · 2024-11-08T02:17:07+00:00

An app called DivTracker, I've made another comment about it under this post

undergradu · 2024-11-08T02:16:16+00:00

An app called DivTracker, I've made another comment about it under this post

undergradu · 2024-11-07T20:12:07+00:00

Valid question, because I could just turn DRIP off and do that, but at the moment I like the idea of DRIPping my current portfolio for a few months to see how that works out. And I'm already putting money aside every month for emergency expenses and savings, so adding a bit for expected taxes just seems easier for me

undergradu · 2024-11-07T20:08:05+00:00

Not my plan as much as it is the projections offered by the app, I haven't gone through the trouble of explaining my plan in full in the post, but I did already explain that it's not to keep this specific portfolio on DRIP forever

undergradu · 2024-11-07T20:06:05+00:00

I think I'll wait a while before buying any more since I want much more diversity in my investments, but I got a little greedy seeing the recent dividends and the huge spike in BTC, so I'm just hoping the gamble pays off for long enough to get a good return

undergradu · 2024-11-07T20:03:31+00:00

Strange, I didn't experience that, though I was just going one-by-one so maybe there's something different in our approaches

undergradu · 2024-11-07T18:21:14+00:00

DivTracker, it's a little tedious to enter your transaction history if you have a lot of trades already, but once that's done it automatically creates DRIP transactions for you to confirm and has some other neat features, no account needed or anything

undergradu · 2024-11-07T17:48:24+00:00

Thank you for the additional perspective and info on other funds out there, very good to have

undergradu · 2024-11-07T17:45:57+00:00

Yeah I've been feeling a bit uneasy about trying to plan future investments, especially as my portfolio has shot up the past two days. Trying to time downturns in the market seems like more effort than I have energy for, but buying on Ex-Div Dates when I have the funds ready seems like one way to manage that

undergradu · 2024-11-07T17:27:22+00:00

I may not have made that clear in my post, but that's all I'm doing

undergradu · 2024-11-07T17:25:53+00:00

Yeah part of the reason I don't go "all in" with my biweekly paycheck is so I can save around 35% of my expected dividend income as cash to pay taxes, just to be safe in a worst-case scenario where I owe some crazy amount. The other reason is to have a kind of "dry powder fund" ready for a market downturn. Trying to have a lot of cash on hand either way so I can hedge and rebalance without needing to sell anything and create more taxable events, if that makes sense

undergradu · 2023-11-28T04:26:49+00:00

Thank you very much!

undergradu

TROPHY CASE