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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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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..
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Old 10-27-2018, 11:00 AM   #2386
Discuss Thrower Discuss Thrower is offline
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> Edward Jones
> Believing your best interests are of paramount concern
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Old 10-27-2018, 11:02 AM   #2387
Hog's Gone Fishin Hog's Gone Fishin is offline
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> Edward Jones
> Believing your best interests are of paramount concern
I keep a little in EJ just so I can get input from people that do this for a living. I think its a good investment. They make money when you make money.
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Old 10-27-2018, 11:08 AM   #2388
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Old 10-27-2018, 01:19 PM   #2389
Buehler445 Buehler445 is offline
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Was talking with Edward Jones on Friday. They just laughed at any worries. You sell you lose. Hang on and add more and all will be fine.
My buddy manages the coop and I知 trying to remember exactly wheat he said but I知 pretty sure dudes still have corn from 2012.

I知 not saying I disagree with you but the alternative is definitely possible.
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Old 10-27-2018, 01:23 PM   #2390
Discuss Thrower Discuss Thrower is offline
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My buddy manages the coop and I知 trying to remember exactly wheat he said but I知 pretty sure dudes still have corn from 2012.

I知 not saying I disagree with you but the alternative is definitely possible.
How do you guys engage in futures / forwards deals?
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Old 10-27-2018, 01:25 PM   #2391
Hammock Parties Hammock Parties is offline
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I'm even going to look.
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Old 10-27-2018, 01:25 PM   #2392
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I'm even going to look.
You the whole thing
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Old 10-27-2018, 01:26 PM   #2393
Hammock Parties Hammock Parties is offline
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I'm not even that worried about US markets.

Still holding that ****ing IQ stock and waiting for china to un**** itself.

That company is doing SO WELL and in three days they release Q3 earnings. GIMME BACK MY MONEY!

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Old 10-27-2018, 01:27 PM   #2394
lewdog lewdog is offline
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I'm not even that worried about US markets.

Still holding that ****ing IQ stock and waiting for china to un**** itself.
Tariffs bud. Likely to get worse.
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Old 10-27-2018, 09:48 PM   #2395
Buehler445 Buehler445 is offline
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How do you guys engage in futures / forwards deals?
Lots of different options out there.

As far as I go, I typically try hedge up front (sell contracts on the board) up to my MPCI (Multi Peril Crop Insurance) guarantees. I'll push that if it's fairly close to harvest and I'm confident I have a better crop out there. The elevators will convert them to forward contracts if the basis is favorable prior to harvest. Typically, I chicken out and sign basis contracts if that is the case. A lot of times if you don't grow it (hail or whatever), it's easier to get out of a basis contract than a forward one where you have to eat shit on the whole thing.

Other options are Hedge to Arrive a the elevator. That is essentially the elevator selling the contract for you. You set the basis at a later date in which it is a forward contract.

You can also buy puts. That will keep you from making margin calls but I'm too cheap to buy the time value, which always eats your ass. Every time I've the market went against the physical and bought puts, they've yielded around half of what it would have been if I'd sold contracts. If market goes up, sure there wouldn't have margin calls, but the premium is unrecoverable. Every time I buy puts instead of selling contracts, I'm pissed off about it.

I try to keep most things on the board because I'm chickenshit. However this year, I'd have gotten my shit wrecked on wheat. I zeroed out A LOT of acres with hail and would have had to pay a lot if I hadn't kept it on the board.

I've also on occasion sold the physical grain and bought it back on the board to stop storage and essentially retain ownership. That's technically not a hedge, but there is feasibly little chance you'd get caught by the IRS. (speculative losses are limited to 3,000. Hedging losses are not limited)

Like I said, there are a heck of a lot of ways to do it, but that's largely what I do.
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Old 10-27-2018, 09:53 PM   #2396
Buehler445 Buehler445 is offline
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Tariffs bud. Likely to get worse.
I thought it was a Netflix-type company? Tariffs wouldn't affect that.

I would think it would be just getting washed out in the **** for all that the tariffs are causing if it had a basis in fundementals.

Unless I'm missing something.
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Old 10-27-2018, 10:44 PM   #2397
Buehler445 Buehler445 is offline
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Tariffs bud. Likely to get worse.
I laughed hard at your rep.
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Old 10-28-2018, 10:16 AM   #2398
lewdog lewdog is offline
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Don't put this on me Buehler. I absolutely told Clay this was a risky move.

Posts from June moving forward.

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Want to turn 19 grand into 25 grand in 9 months.

Any good stocks?
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Tempting...
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Originally Posted by Hammock Parties View Post
OK. I'm going to buy 420+ shares of IQ. I'm going to do a limit order, though.

What do you think I should set as the share price? I'm guessing it dips a little before it goes back up.
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This isn’t risky at all.

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9 months



yeah i'm not known for being risky
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Right now, in this market, all you're going to get is risk if you're trying to obtain such a gain in such a short time.

It is your money though. I've seen dumber moves.
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31% is easily obtainable with IQ

Unless it goes down.
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the deal is done
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No it's not. It's after hours. You can cancel that order...........



or you can let it ride!!!!!!!!!!!!!
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Got it at 4150 this morning !
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Looks like it’s holding just south of 40.

I’m sure it’s going to go back up so not a terrible buy.
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Right, because a stock has never tanked and remained low or never bounces back....ever.....
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Jesus Christ. Well, I managed to lose $1500 today. Thanks Hog!
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IQ took another ****ing dump today.

JFC
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Yea none of us here said that was a super risky move.

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Old 10-28-2018, 11:50 AM   #2399
Buehler445 Buehler445 is offline
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LOL. Fair enough. Looks like it was Munson and HF.

Unless it goes down. .

That was an enjoyable read.
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Old 10-30-2018, 02:49 PM   #2400
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