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[mgchan]

An index is more sensitive to macroeconomic, political, and other global issues than most individual stocks. In the short term, most stocks will track...

[mgchan]

There are special rules for employee stock purchase plans (ESPP) with regard to taxes. Make sure you check on that. I believe it's 2 years after the option...

[mgchan]

I've been interested but was waiting to get into the crypto space because I was in the process of doing some refinancing and didn't want to have any of...

[mgchan]

As a follow up, DOCS reported earnings for the first time this quarter. They reported $73m in revenue, which is about double what they had in Q1-2021....

[mgchan]

I wouldn't suggest anyone keep the stock unless they are going to follow the business more carefully. For anyone interested, here is a writeup I did for...

[mgchan]

The only times I really wanted to short a stock were when ZOOM went up 50% or something after Zoom (ZM) went public, and after the NNOX made their big...

[mgchan]

I'd say the compensation is the 90% more money you could have earned in the last 2 months buying MSTR rather than VTSAX.

Not that I'd advocate...

[mgchan]

Why did you buy those stocks or funds or whatever to begin with? Was it with the hope that it would one day double? Has anything changed with regard to...

[mgchan]

I agree that if you don’t really understand these issues then you might want to think more about buying individual stocks, but you’re correct there...

[mgchan]

This is also an unusual "recession" as it has affected the lower economic class much harder than any other time. Most upper-middle class people...

[mgchan]

I think China has overtaken Japan, but it’s not really important. China clearly has the largest growth potential. I agree, an ETF is a much safer way...

[mgchan]

I don't have much comment with regard to Musk's intentions, though I tend to believe that it's a combination of making money and a clear necessity to...

[mgchan]

When someone brings up accounting standards and corruption with regard to the US vs. international debate, it's usually just code for not trusting the...

[mgchan]

In terms of actual performance, it simply won't matter that much whether you pick one or the other or if you try to balance them. In my opinion if you...

[mgchan]

I think the benchmark one uses should be just what you would do otherwise. While one could say that the Nasdaq 100 or another ETF is a better benchmark,...

[mgchan]

I just had a NEMA 14-50 outlet installed for a couple hundred dollars, and had to get an adapter for my Model 3 that was about $50. I've never charged...

[mgchan]

Sure, just sharing my opinion on the subject. I started out with the idea of diversifying, looking for beaten-down stocks and turnarounds, the "dogs...

[mgchan]

Accepting your premise that the tech stocks are in a bubble, trying to do something like this sort of defeats the purpose of indexing. It's a subtle way...

[mgchan]

Have the business prospects of those five companies taken a hit due to the grievous economic damage?

When there is such damage to the economy...

[mgchan]

Do what’s comfortable, but personally stop loss orders are a good way to get taken out of a great stock unnecessarily. It’s either too small such...

[mgchan]

Fully agree that Buffett has had to shift the way he makes money. He gets favorable investment terms now because he has influence and money. While he...

[mgchan]

Buffet tells us how being so successful for such a long time, and as a result managing so much money, affects his ability to generate returns. He is forced...

[mgchan]

I don’t give people my daily trades for a reason — I don’t need to be responsible for their success or failure. I’ll stick around the forum either...

[mgchan]

We'll just have to agree to disagree here regarding the risk profile. I do have emergency funds, a job, and equity in a house and a rental property. A...

[mgchan]

Equally weighting the stocks wouldn't match the index, but the S&P 100 is not much different (better or worse) than the S&P 500. And I suspect...

[mgchan]

In my opinion the rise from $400 to $2000 was basically a massive short squeeze. There's been no fundamental change in the company. The stock was basically...

[mgchan]

Momentum investing, at least in the traditional sense, is based solely on stock price, not actual financial performance.

If you modify momentum...

[mgchan]

No, it's impossible to prove that anything not based in science isn't just the product of pure luck. The best batters in baseball might have just been...

[mgchan]

I spent most of my 20's reading and generally arriving at similar conclusions that it was very difficult to beat an index, yet at the same time I wanted...

[mgchan]

I believe if one is willing to accept volatility and spend the time to do the work, one has a good chance of outperforming a fund manager who is trying...

[mgchan]

I'm in a similar boat as EntrepreneurMD (with regard to opposing passive indexing) but I like the site because it provides sound advice in other walks...

[mgchan]

It's very difficult for funds to outperform the index over a long period of time because they have to own so many companies and cannot tolerate volatility....

[mgchan]

No need to see it coming, and no need to be in every successful investment. I don't try to outsmart the market by figuring these things out early or guessing...

[mgchan]

I understand where you’re coming from and it’s a reason I tell everyone initially to stick with indexing. Just last year my portfolio lost 30% as...

[mgchan]

There's certainly an element of being able to control one's emotions. I really do think in terms of percentages so my investing style hasn't changed from...

[mgchan]

It's always hard to add to a company that has already run up, but I usually look for companies I think will continue growing at the same rate for 1-2...

[mgchan]

Motley Fool has pluses and minuses. They do provide some good ideas. Their strategy of buying and never selling is really more suited to their business...

[mgchan]

Well, I simply didn't have any money before 4-5 years ago, but I did pretty well with the limited amounts I had from jobs I took as a high schooler. I...

[mgchan]

That's only valid if you accept the premise that stock picking is no better than indexing. Since I started fully investing in stocks where available about...

[mgchan]

Most on the board will tell you to just index. It's decent but the biggest benefit is that it requires near zero effort and, if you make a plan and stick...

[mgchan]

I don’t know what kind of surgeon he was, but given that he has a 7 figure portfolio I’d say it would be easier to make $500k by just buying and holding....

[mgchan]

It’s $71m in trades, not all at once. 71 trades (buys and sells) of $1m each, or many more trades of $5000 each. Seems like a stressful way to make...

[mgchan]

Generally they just try to get into late stage funding rounds and take a commission based on investment size. Sometimes you can also buy a piece of someone...

[mgchan]

Shopify just reported more doubling of their gross merchandise volume year over year. Amazon will undoubtedly report a large jump in online sales as well....

[mgchan]

Older cars are probably not unsafe, but newer cars are safer because of the added features of collision avoidance (or at least mitigation), blind spot...

[mgchan]

Bitcoin is so volatile and completely subject to the whims of "investors", hackers, and governments to increase the value that I simply can't...

[mgchan]

That may be more of an indication that being a teacher is an even worse financial decision than being a doctor.

I love what I do, and have...

[mgchan]

When accounting for college and medical school debt, a physician is still behind someone who started making a salary of $40k a year out of high school...

[mgchan]

The logic was based on a couple of very questionable assumptions, that the economy is actually terrible and that S&P 500 is a reflection of the terrible...

[mgchan]

Facebook appears to have a boycotting advertiser problem, and Tesla is somehow supposedly worth 6 times as it was a year ago. The others are not too far...

[mgchan]

I have a $2 million umbrella policy with State Farm, and while I've never used it, I was happy with their process when I needed to file a claim for my...

[mgchan]

I think you are taking a bigger risk having your kids in car seats that aren't fitting properly than you would by having a low interest rate car loan....

[mgchan]

I throw almost everything (receipts, statements, etc) through my ScanSnap ix500 which scans both sides and does OCR automatically, then stores it in a...

[mgchan]

Just trying to provide some balanced opinions and bring up the possibility that maybe sometimes it’s worth reconsidering things you’ve held as dictum....

[mgchan]

Might be worth pointing out that you’d have more than twice as much money now, had you kept MSFT even after buying at its peak in 1999/2000, than if...

[mgchan]

I am up 65% YTD with my portfolio (excludes my wife’s indexed 401k, up 3%, and an ESPP that is about flat but still profitable with the discount). A...

[mgchan]

Most companies will just increase spending to lower profits and thus avoid those taxes....

[mgchan]

Which insane valuations?...

[mgchan]

lane changes, yes. It’s very conservative and probably better than me at detecting another car merging into the same lane from the other side. I haven’t...

[mgchan]

The stock was essentially flat for 5 years while it introduced the Model X, Model 3, Model Y, built multiple Gigafactories, and expanded the energy segment....

[mgchan]

My opinion (take it for what you paid for it, but at least there are no ads on this site for a course suggesting to fire me) is that unless you want to...

[mgchan]

It sounds like you've decided to go the index fund route. Unless you plan on making a good amount of charitable donations, the only way to do that is...

[mgchan]

Zoom was a good investment even before the pandemic, growing at 70%+ and approaching $1b a year in revenue. But to point out how out of touch the so-called...

[mgchan]

It's not momentum investing in the technical sense. I don't know the first thing about charts or moving averages. It's following business momentum. Actual...

[mgchan]

Not sure where I suggested that companies grow indefinitely. There's a period of pre-adoption, when it tries to establish that it has a viable product....

[mgchan]

This is why newer companies considered tech are such good investments. The big companies are afraid of cannabilizing their own products or disrupting...

[mgchan]

So you call them "tech" even though their core tech is 50 years old. My point is, how are they at all comparable to Nvidia or Shopify, also...

[mgchan]

The good thing is that business metrics are all public. All those companies didn't just drop off a cliff, you had a few quarters to get out as the growth...

[mgchan]

If anyone looks over the posts I've made, it's quite clear I'm not a fan of indexing blindly. I don't want to own a cruise line or a mattress company...

[mgchan]

Correct, and in the meantime a number of businesses will just go bankrupt. But the ones that were doing well before (and therefore were valued highly)...

[mgchan]

What goes up must be on an upward trajectory and may either continue to go up, stay the same, or come back down.

The stock market is not...

[mgchan]

Sure, if you have some certainty that those industries will rebound and not go bankrupt waiting for everything to re-open, and that they will survive...

[mgchan]

How does one define "tech"? Is it based on how the company makes its money, or how it does business, or how it delivers its services? For companies...

[mgchan]

I just meant it doesn't need to make much money. You can sell some stuff online, or form a consulting business and fill out Medscape surveys. Renting...

[mgchan]

Rolling over an IRA into a Solo 401k does not have contribution limits. You're essentially rolling over a retirement account into an employer account....

[mgchan]

Open a solo 401k and roll over the money into that, then you'll have total control and more options to invest. If you don't have a side gig (which doesn't...

[mgchan]

You seem to have an interest in learning and a reasonable thought process. You’re right, the absolute numbers don’t matter that much except at the...

[mgchan]

Lynch wrote his book based on his experiences investing in the 70's and 80's and was probably out of date the minute it was published. Back then, you...

[mgchan]

If someone was really interested I would be happy to share with them my trades over whatever time frame they keep it. Since I'm not trying to sell you...

[mgchan]

Those that invested in "tech" in the early 90s still did extremely well. While they may have lost a lot during the crash, if they were consistently...

[mgchan]

There are studies showing that over 30 stocks essentially doesn't materially reduce risk, and even then going from 20 to 30 only adds minimal protection...

[mgchan]

I'm not sure what the point is here. Everyone who is choosing to index is essentially saying they don't have faith in their ability to pick stocks. But...

[mgchan]

I wouldn’t call my investing style momentum based, at least not in the traditional sense. Boiled down to a single line, I look for a focused portfolio...

[mgchan]

Sure, I have learned from experience. I've been wrong buying what I thought would be turnaround stocks or great stories. Turnarounds are the ones that...

[mgchan]

I keep an Excel sheet where I document my accounts each month, with returns adjusted for contributions. I also keep track of my wife's accounts which...

[mgchan]

Unfortunately, none of the companies I own are down. Just good luck, I guess....

[mgchan]

Considering 50 years ago individual investors had to call their broker to place $50+ trades and got stock prices in the morning newspaper, I don't think...

[mgchan]

I am assuming by index you mean a total stock market index. In that case I would say there are a lot of losers and I am confident in being able to be...

[mgchan]

If investment firms have a bad quarter or two, or a bad year, they lose a lot of their investors and therefore profits. They have to answer to all their...

[mgchan]

With regard to risk, in a portfolio of 10 stocks you can lose up to 10% if one company goes completely bankrupt without prior notice (generally fraud...

[mgchan]

Very sound advice. The easiest thing to do is to just buy an index and keep buying month after month, don’t think about rebalancing or hedging until...

[mgchan]

1. Investing in tax advantaged accounts makes the taxes irrelevant and expenses these days are near zero.

2. I think very few people are...

[mgchan]

It's a matter of semantics. I personally consider investing when you're putting money in with the expectation or hope that it will actually become more...

[mgchan]

I'm going to presume "nobody knows nothing" is a hyperbolic statement suggesting that there's no one secret formula, instead of the literal...

[mgchan]

Understood, a lifetime may not be enough of a sample size to confirm a person's stock picking ability. I am just going by the general immediate and apparently...

[mgchan]

Sell when you think your investments are no longer good investments or if a stock gains so much that it becomes an uncomfortable proportion of your portfolio...

[mgchan]

There are enough businesses either unaffected or helped by the pandemic, and ones that were hugely successful before it, that you don't need to try to...

[mgchan]

The S&P equal weighted index (RSP) still lags behind the market cap weighted index, indicating the smaller companies are still not recovering as well....

[mgchan]

I don't think there was ever an opportunity beyond January to control the overall spread of the virus. Flattening the curve was just to prevent the initial...

[mgchan]

Very reasonable to buy based on sector, at least then you are going with clearly growing and advancing companies rather than those just trying to hang...