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Incredulity

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Everything posted by Incredulity

  1. I’m gonna go get the papers…, get the papers.
  2. Why complicate the mortgage to include a “terminally ill” woman? She can gift each you and your wife up to 18k a year, which I assume would be plenty to cover her portion of any payment.
  3. He hates capitalism thats it thats his whole point
  4. If the current thread title wasn’t a classic this would be a great substitute
  5. Yes I fucked that up. whoops. back to the 9 to 5(intramurals). lol. These guys seem trustworthy...
  6. got it. I think you're talking about selling a covered call, versus a put. Unless you want to risk what you pay for the put. Edit **** I didn't say that well. surprisingly. lol The put contract is a bearish bet and will cost you money unless the stock decreases in value.
  7. All a stop is, is a standing order to sell at X price. It doesn’t matter what causes the market to hit the stop or what happens to the price after the stop. Your stock has been sold.
  8. I would suspect a dealer wouldn't be allowed to deal a double down card face down to a potentially bustable double. That's not to say that it couldn't happen in a one off dealer screw up. CSB: I once was at a table where a drunk as hell hooker hit to something like 30 on a BJ hand dealt initial two cards down. Pit boss came over and paid the rest of the table as she had taken a couple of cards she shouldn't have been allowed to and it fucked everything up.
  9. We all are. Be suspicious of anyone who claims to know what an individual stock will do. Mega cap tech has had an absolutely absurd 8-10 year run. I have personally lucked(by that meaning I thought the investments were sound but in no way predicted 10x returns) into some very nice gains on MSFT positions I bought in the mid 20teens. In my opinion there is a plausible argument its going nowhere for the medium term. Similar to it's performance from approx. 2001-2015. OR, they crack the AI genie code and unleash unlimited value creating a unprecedented stream of revenue and the stock 10x's again over the next decade.
  10. CDs and HYSA yields are going to be similar rates. Here is a chart on the history of CD rates. They were essential zero from 2010 to 2022. Very well could be my own bias, but as I said I am doubtful they will offer sustained 4% yields. So you may be in a situation where a 6 month CD matures and you're looking at 2.5% or less, and of course there is a chance rates go up and you do better. Its anyones guess really. https://www.bankrate.com/banking/cds/historical-cd-interest-rates/
  11. Sounds like you are pretty set on selling them. "Safe", I assume means HYSA or T-bills. I am very doubtful HYSA yields will sustain over 4% yields in the medium term. You can lock in 4.75% on a 30 T-bill and be done with it. Anyone who did that in 2002 looked pretty smart for the last 20 years in terms of risk free return. That said, I'd guess your 30-40% of the way to 4.75% on the dividends. You also have to take into consideration the tax rate of qualified dividend vs. ordinary income. So you are likely well over 50% of the way to the desired yield on dividends. Obviously, its extremely easy to manage someone else's financial decisions over the internet. That said my gut reaction is, its a free roll. Clip the dividends and ride the wave.
  12. You can get buy or sell opinions on any of those stocks. IMPO they all are solid historical performers that pay dividends. Its a fairly safe assumption they will continue to appreciate in value and you get the dividend income over time if you hold. Of course there is single stock risk in any of them and they could decline significantly at any time. I assume your basis is based on inheritance date so tax isn’t a concern if you sell. So the question becomes what other needs/wants do you have for the money?
  13. Its Confederated Products.... it's this whole other company!
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