My kids have their own brokerage accounts that for the most part mirror my own. They are going to be fully exposed to the how what why and when of their holdings.

Proposition Joe said:

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MRB10 said:

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My kid will never know how the number they get was invested. If I've done my job right, I'll show them the number and it'll be "gee thanks dad, I really appreciate you saving X for my benefit".

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Eff that, I'm printing this entire thread out and reading it to him day-by-day as he traverses his youth.

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Yep this is the right answer. The turning point in my financial life was attending a presentation on personal finance by a dude named Phil Sauer, in which he said (among other things) that most people simply cannot save enough to retire. You have to invest and put your money to work to have any hope of accumulating enough to retire comfortably someday

This actually looks like this is going to send no cap. QQQ calls

oldarmy1 said:

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If you sell WWR shares instead of using covered calls you are a twice fool.

Don't give leverage energy to any shorts. Use covered calls out to February or longer to defer taxes and not fight against your own longer positions!

Be smart.

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MM's hedge when you sell calls by selling shares to offset their long position on calls. I hear your point though.

oldarmy1 said:

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If you sell WWR shares instead of using covered calls you are a twice fool.

Don't give leverage energy to any shorts. Use covered calls out to February or longer to defer taxes and not fight against your own longer positions!

Be smart.

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Can you share where you get the $1.72 from? Just looking at historicals, I don't see anything that topped out right at that price so just wanting to learn what you're seeing.

Prog I always enjoy your reasoned analysis-

but PROFIT and INCOME for companies reporting in the third quarter were up huge over the past year.

since 2020, valuation has risen 100% but profits have risen 100%. I just heard that stat on Fox Business today.

so according to that- how can you claim it is basically "irrational exuberance" that is the only thing propping up the market

when actual corporate profits have been skyrocketing?

Some data I have been curious about lately. Don't shoot the messenger. Only looking back 25 years, but some interesting things to note.

For IWM (small caps), November seems to be the preferred breakout month, but those were previously all election years. Even the Jan 2013 one was fresh off election year.

I also seem to remember very bearish general sentiment in each of the previous major breakouts. 'Over bought', 'Can't go any higher', 'Bubble', 'wait for W bottom to buy', 'MEGAPHONE set up, say it louder!'... seems to be the times where millionaires were made and millionaires became multi millionaires. That said, when the music stops, it freaking stops!

I bought PATH on 9/30 after seeing it discussed here but have no clue on a target price to sell it. I'm currently up 14% on it. Any suggestions?

I get the meme of "it's different this time" but it really is. So much money has been created since 2020. Unless your models are accounting for it when comparing it to previous markets you're going to be wrong.

No suggestions, may trim and go net free on the LEAPs. PATH was brought to us by OA1, maybe he has a better idea. They are in the business of AI agents, great spot to be in this overhyped market. Unprofitable and small/mid cap tech should continue to run in a rate cutting cycle.

BULL looking strong like bull again on volume today. Heavy into calls now so I hope it is about to rocket up to 14.

Pot stocks taking off (SNDL, TLRY). I own SNDL and considering unloading most.

UUUU

I took a bath on SAVA but I didn't sell. Doubled in the past few weeks. Still a ways to go, but you can do it, little fella!

Are you planning on rebuying or just holding cash for them until they're 18? Cash is losing about 3% in value per year.

I will absolutely rebuy. As I said before, the current equity market scares the **** out of me and I'm content sitting on my hands for a bit to see if we get a mean reversion.

The 529s also have the added factor that I switched administrators in May and they made me liquidate to transfer the funds. The decision was do I invest it now or go with my gut and give it some time.

So you're trading based purely on emotion? Fear. Why is it scary?

f'ing Vanguard and Robinhood. GPHOF has DOUBLED since I said I wanted to buy it. Moved some money to Schwab but it's not available to trade yet.

Those other brokerages wouldn't let me buy it. Again, thanks Dad.

I follow multiple analysts and made a decision based on that information. I have no interest in pursuing this conversation further based on how you just worded that reply.

I didn't mean it to come across in a negative way was genuinely curious. Curious what metrics make it a scary investment environment