Home Mail Discord Chat
Go Back   ChiefsPlanet > The Lounge

Reply
 
Thread Tools Display Modes
Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
Kind of a mod
 
DaFace's Avatar
 
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $26984
Personal finance and investing megathread extravaganza

I know lewdog (and maybe others) have mentioned the desire to have a place to chat about personal finance stuff. We'll see if there's enough interest to keep this going in the long-term, but at least for now, here's a place to chat about whatever personal finance topics come up.



If you're just getting started thinking about saving and don't know where to begin, this flow chart can help. Ask for advice in the thread for more help!

Last edited by DaFace; 01-24-2018 at 03:49 PM..
Posts: 43,089
DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.
  Reply With Quote
Old 12-18-2017, 11:38 PM   #1516
Discuss Thrower Discuss Thrower is offline
"You like to drink?"
 
Discuss Thrower's Avatar
 

Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $6969
Quote:
Originally Posted by Nightfyre View Post
Writing a put does not create unlimited loss potential. Writing a call does.
https://www.optionseducation.org/str...naked_put.html
__________________
Chiefs 2016 Opponents:
Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT
Chiefs 2017 Opponents:
Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
Posts: 31,055
Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.
    Reply With Quote
Old 12-18-2017, 11:59 PM   #1517
Nightfyre Nightfyre is offline
MVP
 
Nightfyre's Avatar
 

Join Date: Mar 2004
Location: Helena, MT
Casino cash: $1018949
Maximum loss of writing a put is 100 times the strike price, not unlimited. As it says in your link.
Posts: 17,627
Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.Nightfyre has enough rep power to blowy ou to bits.
    Reply With Quote
Old 12-19-2017, 12:04 AM   #1518
Discuss Thrower Discuss Thrower is offline
"You like to drink?"
 
Discuss Thrower's Avatar
 

Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $6969
Quote:
Originally Posted by Nightfyre View Post
Maximum loss of writing a put is 100 times the strike price, not unlimited. As it says in your link.
I wasn't paying attention and deleted my comment:

Yes, you are right. I flipped the loss potential of puts with calls.
__________________
Chiefs 2016 Opponents:
Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT
Chiefs 2017 Opponents:
Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
Posts: 31,055
Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.
    Reply With Quote
Old 12-19-2017, 07:46 AM   #1519
Hog's Gone Fishin Hog's Gone Fishin is offline
Good Donkey = Dead Donkey
 
Hog's Gone Fishin's Avatar
 

Join Date: Nov 2001
Casino cash: $31176
10 Stocks to benefit from Tax Reform from JP Morgan

https://www.investopedia.com/news/jp...m_medium=email
__________________
19-0 . Here we go!
Posts: 32,391
Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
    Reply With Quote
Old 12-19-2017, 07:47 AM   #1520
scho63 scho63 is offline
Politically Incorrect
 
scho63's Avatar
 

Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $2500
Quote:
Originally Posted by lewdog View Post
Ok bud, I have covered calls down.

Now on to puts.

How did you buy a stock at $19ish and have it currently trading in the $17's but "made" money on it losing value? How do you short a stock you currently own and where does the money you make come from?

What do you mean when you say "I averaged down and the call premiums had no good value?"

Thanks for the help! I owe you a beer!
I began buying the stock at $19.94 and bought more down to $19.01 with a cost basis of $19.54.

I also after the last purchase of the stock bought 10 out of the money puts with a $18.00 strike for June 2018 cost of $1.22 each for a total of $1,246 w commission.

The stock has gone down since I purchased losing money in the short term and the puts have gone up slightly cutting my total loss on GE. I would need to sell the puts to recoup some of the losses in the stock. Right now all profits and losses are on paper.

The puts are independent of the stock.

Next time we meet I'll give you an in depth lesson BEFORE we drink....
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~


2018 2019 Adopt a Chief - Clark Hunt and Brett Veach
"The men who drafted Patrick Mahomes"


Posts: 26,895
scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.
    Reply With Quote
Old 12-19-2017, 08:01 AM   #1521
scho63 scho63 is offline
Politically Incorrect
 
scho63's Avatar
 

Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $2500
Quote:
Originally Posted by Nightfyre View Post
Maximum loss of writing a put is 100 times the strike price, not unlimited. As it says in your link.
That's a confusing way to explain it so I'll expand your answer.

If you "write" a single PUT, it means you are giving someone the right to PUT the stock to you at a specified price before a specific time. These are called NAKED PUTS.

So if someone wrote a single put contract, which equals 100 shares of the underlying stock, for let's say $1.72 for the put contract on US Steel with a strike price of $30 and the expiration of April 20, 2018 you would collect $172 minus a small commission.

So now if the stock plummets and goes down to $25, someone who owns the put option you sold can sell the stock to you at $30 and you must pay $3,000 for a stock now only worth $2,500. You have an immediate loss of $500 - your put money of $172.

The most you could lose would be if US Steel went to $0 and you got forced to pay $3,000 for stock that is now zero and you would be out the $3,000 - $172 premium you collected when you wrote the option.

Remember one thing, the higher the stock price when writing a naked put the greater the dollar loss if it goes against you.

Some hedge funds and traders who want to buy a stock at a cheaper price if it is too high now, write a large amount of naked puts as a way to own a lot of stock on a decline while collecting the premium. If it doesn't go down, they still make money on the premium they collected. They will usually buy the puts underneath the ones they wrote so if the stock drops too much, they have some protection when there is a huge drop. This is called a STRADDLE
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~


2018 2019 Adopt a Chief - Clark Hunt and Brett Veach
"The men who drafted Patrick Mahomes"


Posts: 26,895
scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.
    Reply With Quote
Old 12-20-2017, 09:11 AM   #1522
Hog's Gone Fishin Hog's Gone Fishin is offline
Good Donkey = Dead Donkey
 
Hog's Gone Fishin's Avatar
 

Join Date: Nov 2001
Casino cash: $31176
US Steel Raised to Buy From Neutral by Longbow Research



I actually bought moar at 32. The tax plan passing should give this a boost

Sitting at 34.46 right now


These Steel/ Metals/Mining stocks are doing well since the middle of November. opportunity here ??

NUE 2.43% Dividend

STLD 1.5% dividend

TX 3.21% Dividend

GGB 0.69% Dividend

SMSMY 2.48% Dividend

AKS 0Dividend
__________________
19-0 . Here we go!

Last edited by Hog's Gone Fishin; 12-20-2017 at 01:30 PM..
Posts: 32,391
Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
    Reply With Quote
Old 12-20-2017, 10:25 AM   #1523
Hog's Gone Fishin Hog's Gone Fishin is offline
Good Donkey = Dead Donkey
 
Hog's Gone Fishin's Avatar
 

Join Date: Nov 2001
Casino cash: $31176
MU Micron Technology has a target price of $57-$85 .Currently at $45.

Good chance of 50% gain over next 12 months.

Good fundamentals with the company but they don't pay a dividend.
__________________
19-0 . Here we go!
Posts: 32,391
Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
    Reply With Quote
Old 12-20-2017, 02:36 PM   #1524
wutamess wutamess is offline
MVP
 
wutamess's Avatar
 

Join Date: Aug 2000
Location: Lee's Summit
Casino cash: $11737
Quote:
Originally Posted by Hog's Gone Fishin View Post
MU Micron Technology has a target price of $57-$85 .Currently at $45.

Good chance of 50% gain over next 12 months.

Good fundamentals with the company but they don't pay a dividend.
You getting in?
Posts: 8,156
wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.wutamess has just been standing around suckin' on a big ol' chili dog.
    Reply With Quote
Old 12-20-2017, 03:12 PM   #1525
scho63 scho63 is offline
Politically Incorrect
 
scho63's Avatar
 

Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $2500
Quote:
Originally Posted by Hog's Gone Fishin View Post
MU Micron Technology has a target price of $57-$85 .Currently at $45.

Good chance of 50% gain over next 12 months.

Good fundamentals with the company but they don't pay a dividend.
I still ache for you every time I see the price of Nvidia
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~


2018 2019 Adopt a Chief - Clark Hunt and Brett Veach
"The men who drafted Patrick Mahomes"


Posts: 26,895
scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.
    Reply With Quote
Old 12-20-2017, 03:19 PM   #1526
Hog's Gone Fishin Hog's Gone Fishin is offline
Good Donkey = Dead Donkey
 
Hog's Gone Fishin's Avatar
 

Join Date: Nov 2001
Casino cash: $31176
Quote:
Originally Posted by wutamess View Post
You getting in?
I sent you PM but yeah I think tomorrow I'll see. They interviewed the CEO today on CNBC. I think its a solid company headed in the right direction. Good chart for the last year and they have great Fundamentals. They're on top of AI and IOT which is getting huge.
__________________
19-0 . Here we go!
Posts: 32,391
Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
Thumbs Up 1 Thumbs Down 0     Reply With Quote
Old 12-20-2017, 03:24 PM   #1527
Hog's Gone Fishin Hog's Gone Fishin is offline
Good Donkey = Dead Donkey
 
Hog's Gone Fishin's Avatar
 

Join Date: Nov 2001
Casino cash: $31176
Quote:
Originally Posted by scho63 View Post
I still ache for you every time I see the price of Nvidia

Me too. I almost bought NETE yesterday. Glad I didn't because it only went up 272% today. Was up 344% at one point.
__________________
19-0 . Here we go!
Posts: 32,391
Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
    Reply With Quote
Old 12-21-2017, 01:22 PM   #1528
ChiliConCarnage ChiliConCarnage is online now
TACO SALAD
 
ChiliConCarnage's Avatar
 

Join Date: Apr 2008
Location: yes
Casino cash: $18568
Quote:
Originally Posted by Hog's Gone Fishin View Post
Me too. I almost bought NETE yesterday. Glad I didn't because it only went up 272% today. Was up 344% at one point.
I bought into NXTD in the premarket yesterday for 2.8 got out at in two chunks at $7.7 and 6. I don't normally touch pennies but when I saw LFIN hold steady after that CNBC interview w/ the CEO, I figured there was just too much momentum. People are crazy..

That Long Island Iced Tea company that renamed to Long Blockchain and shot up 600% lol!
Posts: 4,278
ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.ChiliConCarnage is too fat/Omaha.
    Reply With Quote
Old 12-21-2017, 01:34 PM   #1529
MahiMike MahiMike is offline
He's Mahomie!
 
MahiMike's Avatar
 

Join Date: Aug 2001
Location: Jax, FL
Casino cash: $23543
For some reason I'm thinking we're at the top for stocks. Good time to put in stop losses.
Posts: 16,163
MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.MahiMike has enough rep power to blowy ou to bits.
    Reply With Quote
Old 12-21-2017, 01:38 PM   #1530
Rain Man Rain Man is offline
NFL's #1 Ermines Fan
 
Rain Man's Avatar
 

Join Date: Jul 2001
Location: My house
Casino cash: $43106
VARSITY
Quote:
Originally Posted by MahiMike View Post
For some reason I'm thinking we're at the top for stocks. Good time to put in stop losses.
It seems like the tax plan should push stock prices up, though much of that may have already happened on speculation.

I've been pondering pulling a big chunk out to buy some real estate, and will be looking at a property in the next week or so. I worry that I'm going to miss a tax bill runup if I do, but I also feel like the stock market will at some point cool off. It's been, what, a seven-year run?
__________________
Yes, we do have time to run Wasp.
Posts: 116,951
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
    Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 05:33 AM.


This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.