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General investing questions, newbie queries and thoughts megathread General investing questions, newbie queries and thoughts megathread

02-26-2015 , 01:17 PM
Quote:
Originally Posted by fanmail
Because unless you use the settlement price or a weighted price, it is cumbersome to calculate $ traded and that is not really the point of volume. Heavy volume on a down or up move can be useful information. It means there are large players moving in/out or a change in information hit the market, etc.
Thanks for reply, wouldn't heavy change in ~$ traded also give you this information?
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02-26-2015 , 04:56 PM
Im trading an equities system, and would like to explore doing so with more than the standard 2x leverage, but don't want to quit my day job. Are there any prop shops that would let me do this?

I'm swing trading (1-4 day time frame) so the 4x pattern day trader leverage does me no good. I have about $200k to put into this and am located in Chicago, if that matters. Any thoughts?
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02-26-2015 , 07:49 PM
im looking for:
europe (unhedged) focussed funds
soft agricultural etfs

any suggestions? or any suggestions where to start?
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02-26-2015 , 09:30 PM
Quote:
Originally Posted by unfrgvn
Is $75 a week your total investment budget? If it is, I would not put any of it in the 401k, I would put it all in an IRA where you can control your investment options. If you want tax deferment use a standard IRA. You might be even better served by foregoing the tax deferment now when you are in lower tax bracket and just pop it in the Roth, where you can withdraw it tax free in 45 years.
I have a vanguard roth (vffvx/vwnfx) . 150/month contribution (almost at 10k). . I was under the impression that 75/wk was good in relation to income(45kish). What do you guys contribute to 401k? I'll consult with my accountant but I could see why I'm probably better off trying to max out my ira considering I get no match.
I also pay close to 600 a month in student loans if it matters.
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02-26-2015 , 11:06 PM
Quote:
Originally Posted by blah45
I have a vanguard roth (vffvx/vwnfx) . 150/month contribution (almost at 10k). . I was under the impression that 75/wk was good in relation to income(45kish). What do you guys contribute to 401k? I'll consult with my accountant but I could see why I'm probably better off trying to max out my ira considering I get no match.
I also pay close to 600 a month in student loans if it matters.
What is the interest rate on the student loans and the balances?
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02-27-2015 , 11:52 AM
Are there any good investing videos, youtube videos recommended. I don't mind reading books but I absorb things 10x better by seeing it, powerpoints, etc vs reading.
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02-27-2015 , 12:26 PM
Quote:
Originally Posted by blah45
I have a vanguard roth (vffvx/vwnfx) . 150/month contribution (almost at 10k). . I was under the impression that 75/wk was good in relation to income(45kish). What do you guys contribute to 401k? I'll consult with my accountant but I could see why I'm probably better off trying to max out my ira considering I get no match.
I also pay close to 600 a month in student loans if it matters.
I was in no way belittling the amount you are saving, I just wanted to be sure I understood your whole situation. $150 a month = $1800 a year. Are you saving another $75 a week in the 401k on top of that? If so, that is $3900 a year?

My point is there is no point in putting money in a 401k with less than ideal investment options unless it allows you to take advantage of more tax deferred space. You are barely over the IRA contribution limit, so I would just max out the IRA and not contribute to the 401k.
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02-27-2015 , 12:29 PM
Quote:
Originally Posted by blah45
I have a vanguard roth (vffvx/vwnfx) . 150/month contribution (almost at 10k). . I was under the impression that 75/wk was good in relation to income(45kish). What do you guys contribute to 401k? I'll consult with my accountant but I could see why I'm probably better off trying to max out my ira considering I get no match.
I also pay close to 600 a month in student loans if it matters.
20% towards debt reduction and saving for the future is considered pretty excellent.
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02-27-2015 , 12:39 PM
02-27-2015 , 02:04 PM
Those of you who don't simply buy and hold, do you do so in non tax sheltered accounts? If so, doesn't the lack of tax deferral hurt you a ton?
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02-27-2015 , 03:16 PM
Quote:
Originally Posted by Keloika
Those of you who don't simply buy and hold, do you do so in non tax sheltered accounts? If so, doesn't the lack of tax deferral hurt you a ton?
Both. Yes.
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02-28-2015 , 12:06 AM
Quote:
Originally Posted by cantsitstillbr
Damn. Thanks for the info. A follow up noob question...

30yo
Salary ~110K
Company matches 25% up to 12% (3% total).
401K in question is with John Hancock thru my current employer. The least expensive option I have is JFIVX with an expense ratio of .88. A few other index's are just under 1.0. I currently max out the 401K. I also put a very small amount of $ in a personal IRA thru vanguard.

Should I Max out my 401K or stop at 12% of my salary and put the rest in my vanguard accounts? For comparison, VOO thru vanguard has an E/R or .005.
Assuming your vanguard accounts are Roth? You are highly likely to be over the income limit for Traditional IRA.
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02-28-2015 , 04:10 PM
Quote:
Originally Posted by Doc T River
What is the interest rate on the student loans and the balances?
US govt Is something like 7% and $2300


2 private loans are both under 4%. Between the 3 I think it is under 15k now. If necessary I can get exact figures.

Quote:
Originally Posted by unfrgvn
I was in no way belittling the amount you are saving, I just wanted to be sure I understood your whole situation. $150 a month = $1800 a year. Are you saving another $75 a week in the 401k on top of that? If so, that is $3900 a year?

My point is there is no point in putting money in a 401k with less than ideal investment options unless it allows you to take advantage of more tax deferred space. You are barely over the IRA contribution limit, so I would just max out the IRA and not contribute to the 401k.
I am contributing 150/month into vanguard Roth ira And 75/week into 401k. . I guess at my income the 3900 probably isn't that big of deal for taxes. Wondering where

I'll probably move the balance Into the target retirement fund as it sound like the index fund kinda sucks
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02-28-2015 , 07:41 PM
Quote:
Originally Posted by Gullanian
Thanks for reply, wouldn't heavy change in ~$ traded also give you this information?
You might be interested in becoming an expert on VWAP.

I'm not an expert on it, but once you become an expert, please come back and let us know important useful stuff.
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03-01-2015 , 12:25 AM
I guess this is kind of a weird question to ask on a forum but are there any forums ya'll could recommend that are more specialized in trading? I swing trade options usually for a 2-5 day period and am looking for a good community to learn from. However, most of the forums I have searched through have either been for day traders specifically or have very little traffic. I love 2+2 and have skimmed it for poker content for years but obv the trading section on here is relatively small. Any ideas?
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03-03-2015 , 09:58 PM
I'm looking for information sources for privately held companies in the U.S. I know about Dun & Bradstreet and I've just found out about PrivCo, and I know law firms that have access to Lexis-Nexis can get information about liens, lawsuits, property records, and may have information about the owners. What else can I find out a specific company, and where should I look? Apart from walking in the store and talking to the owners, I mean.
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03-03-2015 , 11:12 PM
Say I have ~100,000$ of VT and I want to buy 50,000$ of VTI and 50,000$ of VXUS, should I be concerned about spread or can I trust the market makers to give me my money's worth?
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03-04-2015 , 06:14 AM
Quote:
Originally Posted by Keloika
Say I have ~100,000$ of VT and I want to buy 50,000$ of VTI and 50,000$ of VXUS, should I be concerned about spread or can I trust the market makers to give me my money's worth?
Use limit orders
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03-04-2015 , 04:46 PM
Any tax attorneys or IRS reg experts here? I can't figure out for the life of me if an online W9 form MUST be signed. The instructions say things like

"Withholding agents may require signed Forms W-9 from U.S. exempt recipients to
overcome a presumption of foreign status"

OK so maybe...

Then later:

"Electronic system. Generally, the electronic system must...

Require as the final entry in the submission an electronic signature by the payee whose name is on Form W-9 that authenticates and verifies the submission.
The electronic signature must be under penalties of perjury and the perjury statement"

OK so it does have to...

But then it states:

"For Forms W-9 that are not required to be signed, the electronic system need not provide for an electronic signature or a perjury statement"

OK now I am totally confused.

So when is it required and when is it not?!!?

Thanks in advance.
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03-04-2015 , 11:10 PM
Quote:
Originally Posted by blah45
US govt Is something like 7% and $2300


2 private loans are both under 4%. Between the 3 I think it is under 15k now. If necessary I can get exact figures.



I am contributing 150/month into vanguard Roth ira And 75/week into 401k. . I guess at my income the 3900 probably isn't that big of deal for taxes. Wondering where

I'll probably move the balance Into the target retirement fund as it sound like the index fund kinda sucks
It is a low balance but I'd get the government one paid off as quickly as possible first then work on the other two.

But I am someone who doesn't like much debt.
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03-05-2015 , 05:26 PM
I had a few hundred shares of a company and put in a limit order good for the day. Out of 400 shares it got filled to the tune of 1 share. Then the market closed.

How is commission calculated at Fidelity of something like this.
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03-05-2015 , 06:45 PM
Quote:
Originally Posted by daddyrnac
im looking for:
europe (unhedged) focussed funds
soft agricultural etfs

any suggestions? or any suggestions where to start?
Unless you're a short or intermediate-term trader, I recommend staying away from agricultural or other commodity ETFs/ETNs. With occasional exceptions, most ags and commodities are in contango most of the time, which imposes a serious roll cost on the ETFs/ETNs. Basically, the ETFs over time will always seriously underperform the underlying commodity price. And if you think you can take advantage of that by shorting the ETFs, that sounds good in theory, but the problem is that the borrowing interest rate to short most commodity ETFs is fairly high -- ranging from 1% to even 7 or 8% per year. No bueno.

This article is a bit dumbed down, but it explains the contango ETF problem in pretty understandable terms: http://commodityhq.com/library/under...l-gas-example/ . Natural gas is the most notorious example because the contango tends to be so steep, but this same thing is evident in virtually every commodity fund, including the softs.

And on top of that, some of the commodity ETFs have really high expense ratios. The Teucrium Corn ETF (CORN), for example, has a a 2.75% expense ratio. That's awful and will create a serious headwind against your returns.

But since you asked for ag ETFs/ETNs, here are the ticker symbols of the ones I know off the top of my head:

Coffee -- JO
Cotton -- BAL, CTNN
Sugar -- SGG, SGAR
Cocoa -- NIB, CHOC

Corn -- CORN
Wheat -- WEAT
Soybeans -- SOYB

Grains+Softs+Livestock -- DBA
Grains+Softs Only (no Cocoa) -- JJA
Grains Only -- JJG
Softs Only -- JJS

Livestock (Cattle + Hogs) -- COW

Last edited by LDubbyDub; 03-05-2015 at 07:10 PM.
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03-05-2015 , 06:56 PM
Quote:
Originally Posted by HiDhere
I had a few hundred shares of a company and put in a limit order good for the day. Out of 400 shares it got filled to the tune of 1 share. Then the market closed.

How is commission calculated at Fidelity of something like this.
You should already know this as you were the one who signed up with Fidelity and they put what there commissions are pretty much all over the place.

If you somehow had your eyes closed when you created your account with them, you be able to figure it out in less time than it took you to write your post.

Out of morbid curiosity, what ticker were you trying to buy?
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03-05-2015 , 07:46 PM
Quote:
Originally Posted by BrianTheMick2
You should already know this as you were the one who signed up with Fidelity and they put what there commissions are pretty much all over the place.

If you somehow had your eyes closed when you created your account with them, you be able to figure it out in less time than it took you to write your post.

Out of morbid curiosity, what ticker were you trying to buy?
what a tool, I have no idea why you took the time to post that drivel.
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03-05-2015 , 08:02 PM
Quote:
Originally Posted by HiDhere
what a tool, I have no idea why you took the time to post that drivel.
I posted it because there was absolutely no reason for you to ask the questions you asked.

Even if you had serious struggles with the complexities of signing up for a Fidelity account such as "typing your name" where it asked for your "name," it is not believable that you can't figure out what Fidelity charges for a trade.
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