The Investment Thread (stocks, bonds, real estate, retirement, just not gold)

Discussion in 'Pharmacy' started by BMBiology, May 2, 2013.

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  1. wagrxm2000

    wagrxm2000 2+ Year Member

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    So you've lost out on over $10k being out of the market? Ouch.
     
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  3. 6GodPharm

    6GodPharm

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    CVS might be the stock to buy with us taking Anthem again next month
     
  4. Whereismynorco

    Whereismynorco 2+ Year Member

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    Chipotle... here we go again
     
    moose10 likes this.
  5. moose10

    moose10 2+ Year Member

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    Another chipotle food scare! Down ~40 since last week, just as I was looking to get into it....might be another good time to buy low??
     
  6. Old Timer

    Old Timer SDN Advisor SDN Advisor 10+ Year Member

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    WTF are you going to do with your billions?
     
  7. PharmDBro2017

    PharmDBro2017

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    Who's buying CMG


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  8. msweph

    msweph 2+ Year Member

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    Maybe - you

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  9. PharmDBro2017

    PharmDBro2017

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    Waiting to see how far the dip goes, but earnings drop tomorrow I believe (AMD earnings too - exciting day).
     
  10. msweph

    msweph 2+ Year Member

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    Oh wow I didn't notice that - hadn't looked into it much. Maybe I'll do it.... Idk seems a tad risky

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  11. wagrxm2000

    wagrxm2000 2+ Year Member

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    I hope no one owns cmg. While sure it could go back up, earnings may drop this another 10% if they lower their outlook.
     
  12. msweph

    msweph 2+ Year Member

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    I didn't buy. Does BMB STILL HAVE IT ?

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  13. gwarm01

    gwarm01 7+ Year Member

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    Anyone investing in lithium? I picked up some of the LIT etf this week. I'm just so nobody pharmacist, but I feel like there could be long term gains here. It seems like every day I'm seeing a news article about some country legally mandating electric vehicle sales by 2030, or how global lithium demand is going to skyrocket due to China's growing electric vehicle fleet.

    Today Tesla will deliver the first production Model 3 vehicles. Let's hope this kick-starts the trend that will pay for my vacation home.
     
  14. Pharmacy Kid

    Pharmacy Kid LCDR 7+ Year Member

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    Can I brag that my individual stock picks made 48% the past two years?
     
  15. Momus

    Momus 7+ Year Member

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    Most people investing in individual stocks aren't putting enough capital at play (40k-200k/stock) to make it matter in meaningful way anyway but let me guess a bunch of tech stocks? Hope institutional investors aren't tired of that sector. I'd be very afraid if my portfolio is concentrated on a bunch of FANG like stocks. Are you thinking you will get 48% every yr? Usually, it looks good until it doesn't.
     
  16. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    Freakonomics has a great podcast this week on index funds. An introduction for newbs.
     
  17. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    Brag away, but get out before the cryptocurrency bubble pops. AMDs profits are mostly because people needed their GPUs to manufacture modern day Beanie Babies.
     
  18. wagrxm2000

    wagrxm2000 2+ Year Member

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    Its nice to see other smart people around here.

    Keep picking those stocks, until we get tax cuts, this market isn't going any higher. If it does without cuts, look out below.
     
  19. Pharmacy Kid

    Pharmacy Kid LCDR 7+ Year Member

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    Anyone looking into GILD? I missed buying it when it was <70.
     
  20. pezdispenser

    pezdispenser 10+ Year Member

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    Depends how much you invested. $10k? $100k? $1 mil?

    I find that individual stock investing doesn't scale well because of the huge volatility. Imagine having $100k in a stock like RAD and then it takes a 70% dive so you lose $70,000! But if you decided you're only willing to risk $10k at $6 when the buyout offer was $9, you would have made just $5k if the deal went through, even though that's a 50% gain.

    Having said that, I'm still putting around half of my stock market investments in individual stocks -- mostly in 72 AMZN and 41 GOOG. I'm fairly comfortable with this given the mammoth size and growth prospects of those companies. Also I've paid off my student loans and mortgage so that takes off a lot of pressure to keep the cash flowing just to pay the bills. Even if the stock market crashes I'll be ok. Plus I have a lot in bonds and cash.
     
  21. gwarm01

    gwarm01 7+ Year Member

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    I think I'm going to give this a listen. I've made a little bit of money by investing in hot stocks like AMD, or picking up shares in companies after a bad news dip (like when Amazon bought Whole Foods and every other grocery chain dived), but for the most part I tend to make losing bets. A solid performing ETF is what I'm looking for now.

    Speaking of losing bets, NEOS continues to slowly drop in price despite getting FDA approval for a drug this spring. I'm going to hold out until the FDA rules on their extended releases amphetamine suspension later this year. I just need a little bump to make some profit before I cash out.
     
  22. wagrxm2000

    wagrxm2000 2+ Year Member

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    Look at Apple go!!! Hope everyone got on board back in the 100s. Stock picking continues to win.
     
  23. rxlea

    rxlea Almost a unicorn Moderator Emeritus 7+ Year Member

    Wow this thread is still going strong
     
  24. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    Bought at $93, but given the weighting given to these stocks pretty much everyone with an S&P500 fund is probably slightly overexposed to AAPL at this point!
     
  25. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    Its the number one stock on most large cap indexes...so i own a lot of it, too.
     
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  26. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    22,000
     
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  27. Momus

    Momus 7+ Year Member

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  28. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    1.6 mil? Jesus...im just happy to be in the 6 figure club...lol...
     
    owlegrad likes this.
  29. BMBiology

    BMBiology temporarily banned~! 10+ Year Member

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    It is time to be cautious. This may not end well.


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  30. wagrxm2000

    wagrxm2000 2+ Year Member

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    Yep like I've said, we need tax reform or this will burst.
     
  31. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    Market corrections happen. I'm not retiring for 20 years at least, so I'm not really concerned. I can put some cash I've got on the sideline into the game if a bear market appears.
     
  32. gwarm01

    gwarm01 7+ Year Member

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    I've been waiting for a downturn in the market. Like you said, retirement is decades away and will recover. I've got cash on the sidelines just waiting to grab up discount stock. If we could get a housing market correct in there I'd also like to buy a house at a reasonable price while we're at it.
     
  33. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    I got my house in Mar 2012 at 3.75% APR...timed that pretty well. Rates were pretty low and market was at its bottom. Zestimate is is up about $60,000 since purchase, too. Not sure how reliable that metric is, but it appears that it's a decent measure.
     
  34. PharmDminus

    PharmDminus

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    Hoping for some input on this. Debating on whether or not to fund my wife's 401k with high fees....My wife works for a small company and the expense ratio's in her 401K are ridiculous. The target date funds are 1.2%, the SP500 fund is the lowest of the choices at 0.7% (still very high). We have been putting the 18k max in her 401K for a few years now but as her account grows the high fees become an issue. She has 30 years until retirement and it is likely she will be with this company til then, so no rollovers to a cheaper bank like Vanguard or Fidelity. I guess my question is, should we be investing just the match and anything beyond that put into a post-tax account? Are the tax benefits of the 401K greater than the high fees on our money for the next 30 years? From what I have read on the Boglehead forums the answer is that the 401K is the better of the two choices, but I would be interested to hear what anyone here has to say. Income-wise, I am about 150k/year and she is 42k/year. We live in a state with roughly 7% income tax.
     
  35. PharmDminus

    PharmDminus

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    I should add we are both currently maxing out 401k and roth, and we have 100% of her 401k allocated to the 0.7% er sp500 index fund
     
  36. pezdispenser

    pezdispenser 10+ Year Member

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    I would still go by the Boglehead rule of thumb in the wiki: 401(k) - Bogleheads

    0.6% higher ER x 30 years < (15% qualified dividend tax + 7% state tax) x 1.5

    which means you should still invest in the 401k plan.

    I actually did a rough simulation in a spreadsheet considering:
    - you use after-tax money for taxable so have less to invest ($18k x 0.65 = $11,700)
    - you pay 22% qualified dividend tax every year on around a 2% dividend from your taxable balance
    and the rule of thumb seems reasonable.
     
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  37. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    Ugh that sucks. No brokerage window available to invest through? I think the terminology is "self-directed brokerage account" or SDBA. I see this in limited 401k's with high-ish fees.
     
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  38. msweph

    msweph 2+ Year Member

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    Has anyone heard of or used CIT Bank? Offering 1.3% for a savings account - which is slightly more than where I keep my emergency fund.

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  39. wagrxm2000

    wagrxm2000 2+ Year Member

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    I've never understood the fascination of keeping your emergency fund at the bank. At the very least put it in bond funds with the current uncertainty then if we get tax cuts move it back to stocks and continue to ride this bull market.

    I think my emergency fund has made like 4 to 5% this year in high yield municipal bonds.
     
    Last edited: Aug 12, 2017
  40. Momus

    Momus 7+ Year Member

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    I have mine in Ally. Normally, it doesn't pay to chase interest. It's barely worth it unless you have a couple hundred k. And at that point, you probably should invest this money vs. having it in the bank. You can do CD ladder, 1/3 or half into 2 and 5 yr CD at 2.3% and half regular savings 1.15-1.3% for a bit more interest.

    If you invest in bond fund, you have to invest in intermediate to long term to make to get 3-5%, which is very prone to interest hikes, higher interest cheaper bond (less value). With unemployment sub 5% and fed guidance, we will have 1-2 more interest hikes this year, making bond not a safe play. I would not put money in bond fund right now. This has been a good place to park in recession because there is no way they raise interest when unemployment was 8-10%, but not anymore. Short term bond will be less sensitive to interest rate but they are only give 1%ish also, so it's not worth it, just keep cash very liquid in the bank.
     
  41. Zelda840

    Zelda840 2+ Year Member

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    I work for a TPA firm managing 401k plans, and adding a SDBA is very common and not that hard to set up. In a small company, it might be worth your wife's time to simply ask the owner to add the option to the plan.
     
  42. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    Liquidity.

    But I generally agree. My emergency funds are parsed as follows:

    Immediate and available
    1) cash USD at home + foreign currency (Euro, GBP, and some yen).

    Via ATM, within a few hours, outside of bank hours
    2) some cash at my bank (basic savings)

    During bank hours
    3) some cash at my credit union in a certificate that pays 3% (up to $10k) and can cash out on a business day

    Roth IRA, within 3 business days (sell position, settle, and wire transfer out)
    4) this is where the bulk of my emergency fund sits invested, I can pull principal out without tax penalty.

    I also consider my credit card lines as a form of emergency fund. I can transfer directly to my checking account (at some ridiculous interest rate) up to my credit limits (I have two $25k limit cards that link = $50k available, doesn't count as a cash advance for some odd reason). This is my "time to flee the country" money.



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  43. BMBiology

    BMBiology temporarily banned~! 10+ Year Member

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    OK...this didn't end well. Almost bought Apple a year ago when it was < $100. It is now $157.


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  44. wagrxm2000

    wagrxm2000 2+ Year Member

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    Better get yourself some Bitcoin before this bubble bursts.
     
  45. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    Can't tell if joking...or recommending napalm to fight fires...
     
  46. wagrxm2000

    wagrxm2000 2+ Year Member

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    It's not really worth it unless you have money you are completely willing to gamble. Impossible to know which way it will go but it did just double from it's recent low.
     
  47. pezdispenser

    pezdispenser 10+ Year Member

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    Should be fine since they are FDIC insured. You can even get a $100 bonus if you deposit $15k. But I like Ally Bank because they do transfers in 1 business day to most banks, and I have a Money Market Account with them as well that you can make ATM withdrawals and write checks from. Liquidity does matter.

    If you keep cash at Vanguard, Prime Money Market is yielding 1.1% now, and the Tax-exempt Municipal MMs are around 0.6-0.7%.

    Bond funds fluctuate in value a fair bit and can even wipe out your entire yield and then some if you buy and sell at the wrong times, so you shouldn't use them for your emergency fund.
     
  48. wagrxm2000

    wagrxm2000 2+ Year Member

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    If we're talking an emergency fund of $10k, it really doesn't matter where you keep it. Making $100, might as well have it where you have instant access but saying bonds wipe out your yield is just foolish.

    Anyways, needing thousands of dollars instantly is never going to happen. There's always going to be a buffer period. Keep a small amount in the bank. We keep enough that it naturally gets restored each pay check plus one month. Everyone should be keeping their emergency fund where it can make money, not barely keeping up with inflation.

    Remember an emergency fund is enough money to make it 3 to 6 months on the bare minimums. It shouldn't be tens of thousands of dollars. You aren't going on luxurious vacations. While this is hard for the average person who doesn't even save money, a pharmacist should be able to obtain this within the first year of working. Toss it in some vanguard funds and let it grow.
     
  49. BenJammin

    BenJammin No Apologies 5+ Year Member

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    I cashed out some stocks a few months ago and bought some bitcoin. Nearly tripled my money today!
     
  50. WVUPharm2007

    WVUPharm2007 "Bubs Depot!" 10+ Year Member

    Bitcoin's rise is working on the greater fool principle. There are a whole lot of people that can apparently find people that are bigger fools than them.
     
  51. msweph

    msweph 2+ Year Member

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    Wow. I've been too scared to Seriously consider that

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