Lost Sheep, Build Thread.

[Silverback]

The software he bought was $1800 back in 2007. Company based in Austin.... well it was.

 

[tx_shooter]

Yeah, the automated software people use for it is not cheap. The heavy day trading does appear to be enough work that is could be a full time job.

 

[Oswego]

Watched a podcast that had on Peter Schiff last night. Holy cow was that an eye opener into the free market for me. I need to rethink some things and do a ton more research to consider myself "prepared". That guy and his economical forecast scared the crap out of me.

 

[Oswego]

The data lag, is what I hear becomes the problem.
It can consume every bit of your time...

I have noticed that since trades are now free, the execution times with Fidelity are slower, numerous times I have had buy/sell orders sitting there and the trade does not execute even when price pass up my limit orders, these brokerage companies are doing this on purpose, (too much to explain) but the brokerages are skimming off those delay times, I FUCKIN GUARANTEE IT!!! that’s how there making up for no trade fees.



You need to be able to read/identify patterns in stocks, to set the parameters in that software, it has taken me a few years to learn this with a handful of stocks I track.

I don’t have the software, I would love to own it. I manually track everything in excel and I use statistics/probability for those patterns and manually execute trades with brokerage, sometimes I will have multiple pages open to execute those trades, and that is where that software would come in handy if trades can be done instantly. I trade a few times during the week, market volatility has been a bit of issue lately for me to spend time and trade more, this past Monday I executed a trade, and that is the only trade I will do this week.

I blurred this picture on purpose, because it’s my own data, but I spend probably a hour a week uploading the numbers, times and stock prices etc into spreadsheets.
View attachment 26455

That's very similar to what my "high interest" savings account does and I'm onto them. My money sits for 5 days in limbo regardless of how I transfer it to them and it pisses me off to no end. Lose 25% of my interest on every deposit for that month.

 

[Taco Loco]

AAFMAA is a solid company, I have been a customer of theirs for over 10yrs now.

Like I have said before, over the last couple years on here, USAA is NOT the company it once was in the past. I no longer do business with them and it appears USAA continues to erode away. Schwab took over USAA investment management sector, pretty sad.

This year, we’ve also seen a strong surge of Members coming to AAFMAA Wealth Management & Trust LLC (AWM&T) for service following USAA’s sale of their investment management services.

https://www.aafmaa.com/Portals/0/Newsletters/AAFMAA_Advantage_Fall20.pdf

 

[Taco Loco]

AMZN, 6 days till earnings...

Someone(individual, not company) executed a 10 million dollar order this morning at $3181 share. We need to drink a few beers with that dude learn from him.

I’m willing to bet AMZN smashes their expectations in 6 days and the price will hit in the range of $3,700+

 

[Taco Loco]

3143 shares x (3,700 - 3,181) = 7 days later from now, $1,631,217 not too shabby


EDIT:
Amazon Earnings Were Stellar. Here’s Why The Stock Is Falling.

 

[Taco Loco]

A simple indicator that has worked for decades says Trump will win again.

 

[Taco Loco]

linky

Market history tells us to hold on for election surprises: Morning Brief

 

[Oswego]

Utilized the "Care Act" yesterday to withdraw/close out my smallest 401k and avoid early withdraw penalties. Just waiting for the ACH deposit. While stealing from my future isn't good tac I'm going to live for today because who knows what will happen tomorrow..... I know my credit is better than 98% of Americans and my retirement savings is similar . Had a stick up my rear the past decade +/- turning my financial situation around so lets regress and have some fun!

I still have over half of my nut for the house remodel left over and no bills till 2021, but I like the idea of having more liquidity. It may not help my motivation, but will remove all anxiety from my thoughts of the near future. Also good "tax" timing because my other income is so low this year from only working 8 months

Buddy was telling me to look into unemployment and that NJ would pay regardless that I quit, but being a fiscal conservative that likes to be self sufficient that would go against my core morals.

 

[Silverback]

Fuck that... file for unemployment. You earned it.

 

[Oswego]

I get that I paid into it, but by now you know how hard headed I am

Since I got the boot at 18 Ive pretty much been on my own with two exceptions and Ill never repeat those situations again.

Never took any gubvemnt subsidies ever....well ones you sign up for like college/unemployment/etc. I do take full advantage of my deductions for taxes.

Also not sure how good it would look if I worked for a little over half a year, brought in over 100k in income, and filed for unemployment at the same time....especially if I pay my house off

Kinda hard to cry broke when I'm anything but it

I can see the IRS battering ram at my front door now

 

[Oswego]

I wasn't going to post it but this kind of taxpayer funded waste really piss's me off.... I don't need a participation trophy. To me it's my duty to utilize the rights others have died fighting for

If I took gubment cash I'd be a total hypocrite in my own mind. You guys know how tight my tinfoil hat is

 

[tx_shooter]

Alright; I'm looking at refinancing and taking some money out to do some major upgrades around the house. I am really just wanting to double check I am not setting myself up for a problem. My sammich maker and I are wanting to get the house competitive to sell it in a year or two. My work situation is drastically improving and should have us in position to be able to move in the next year.

My cash out goals are:
1 - Master Bath. Current whirlpool tub is horrible setup and makes it a negative. We want to take it out and put in a nice walk in shower. The guest bath has a standard tub already.
2 - Backyard retaining wall - want to bring the wall up another 10" and bring the yard up with it. The back yard will still have some slope away from the house but not as bad as it is now.
3 - Additional parking - want to add a crushed gravel parking area beside the house next to the current driveway and house. This is a very popular feature in almost every new house in our subdivision. Plus I would like the additional parking area.

The house is 13 years old now but we built it with some solid upgrades. We already have granite countertops, full guest bath, decent sized walk in master closet, and lots of garage space with a two car garage plus a "golf cart" garage on back. All that plus we are on a 1.25 acre lot vs all the new houses being on a .25 acre lot. So the goal is to really maximize the cash out value.

Anything else I should think about?

 

[tx_shooter]

The majority of the work will be done through family connections. Father-in-law is a builder so the vast majority of it is a little over cost. As for the equipment; I will probably do a decent bit of the yard work myself with a borrowed skid steer. So the costs there are just materials.

 

[tx_shooter]

I have done more than a couple summers on a skid steer. Thanks though.

 

[Taco Loco]

I have done more than a couple summers on a skid steer. Thanks though.

good deal!

 

[Oswego]

If that’s the case, no cash out, just save for those projects, the cost of a Refi with a cash out will run you atleast $5k in fees.

Also with the borrowed SS, you can F up a lot of shit if you don’t have a lot of equipment experience on a SS, the Orange is often hired to fix and level out areas where SS operators F’d it up.

There is a 5ac track on a 15ac property in my neighborhood that a landowner hired a landscaper with SS to take out extra trees and dead trees, then months later the Orange was contacted to come shred, the owner normally cuts this property with a 60” ZTR. I did a walk around and told owner it will be $75 hour to just shred, and that will be a snails pace, the land is that F’d up. The property has to shredded before it can be disc’d up because the native grass is every bit 3-4’ tall now. I’d be willing to bet it will cost them $2 to 2.5k for me to correct that acreage.

Exactly what I found out. Unless I was looking for a total debt of 100k+ (original + refi) it was not worth it for me. Least it would of cost me was 3k. So I just sucked it up and saved.

That said I got my cash in my account last night from the "cares act". The amount of pressure released from my shoulders was significant. Prior I felt like I was back at work again scrutinizing my budget all the time trying to maximize profit potential. If I didn't feel like I had a productive day where I saved myself more than I cost myself by not working a day job it would zap motivation. Sometimes double/triple checking things and trying to make everything perfect costs more than just pushing forward, being frugal and doing them with common sense.

Also helps I never factored in that no matter what I need my emergency fund.... my initial planning had me utilizing that. No idea what I was thinking.... first try being a GC I guess

Hindsight being 20/20 time to stop trying to be so thick headed and bent on self reliance. I know plenty of cool PMs and Estimators for GC's that would of looked over my budget and torn it apart for me

Good thing for me is my market does not dictate any baller finishes. Granite and hardwoods are all way above the price points of this area.

 

[Anathollo]

Alright; I'm looking at refinancing and taking some money out to do some major upgrades around the house. I am really just wanting to double check I am not setting myself up for a problem. My sammich maker and I are wanting to get the house competitive to sell it in a year or two. My work situation is drastically improving and should have us in position to be able to move in the next year.

My cash out goals are:
1 - Master Bath. Current whirlpool tub is horrible setup and makes it a negative. We want to take it out and put in a nice walk in shower. The guest bath has a standard tub already.
2 - Backyard retaining wall - want to bring the wall up another 10" and bring the yard up with it. The back yard will still have some slope away from the house but not as bad as it is now.
3 - Additional parking - want to add a crushed gravel parking area beside the house next to the current driveway and house. This is a very popular feature in almost every new house in our subdivision. Plus I would like the additional parking area.

The house is 13 years old now but we built it with some solid upgrades. We already have granite countertops, full guest bath, decent sized walk in master closet, and lots of garage space with a two car garage plus a "golf cart" garage on back. All that plus we are on a 1.25 acre lot vs all the new houses being on a .25 acre lot. So the goal is to really maximize the cash out value.

Anything else I should think about?

The amount of stress, headache and money to re-model something that you're selling in a year isn't worth it. Just keep the house as is and save your money for your new house. The real estate market right now is in favor of the seller so you really don't need to do as much as you used to do to spruce up a house to sell. Think of it this way, all these things that you want to upgrade can be done by the buyer, that way the buyer can remodel it the way they want to.

But think about this, if you re-model your whole bathroom, that's about a month's worth of work where you'll have strangers in your house, you're out of your bedroom and have to sleep in another room, moving all your stuff, sheetrock and tile dust all over the house...etc...

I also wouldn't fuck with the retaining wall unless you absolutely had to. Let that be the buyer's problem.

You should save that money for the new house and concentrate on kicking ass on your new job position so that you'll be up for another promotion in a year or two. Just my $0.02.

 

[Taco Loco]

The amount of stress, headache and money to re-model something that you're selling in a year isn't worth it. Just keep the house as is and save your money for your new house. The real estate market right now is in favor of the seller so you really don't need to do as much as you used to do to spruce up a house to sell. Think of it this way, all these things that you want to upgrade can be done by the buyer, that way the buyer can remodel it the way they want to.

But think about this, if you re-model your whole bathroom, that's about a month's worth of work where you'll have strangers in your house, you're out of your bedroom and have to sleep in another room, moving all your stuff, sheetrock and tile dust all over the house...etc...

I also wouldn't fuck with the retaining wall unless you absolutely had to. Let that be the buyer's problem.

You should save that money for the new house and concentrate on kicking ass on your new job position so that you'll be up for another promotion in a year or two. Just my $0.02.

I guess you don’t recall the picture he posted moons ago. He really needs a new shower/bath remolded.