Stock Market is the bottom in?

[hunts_with_stick]

After selling our lake home to downsize....we are sitting on a bunch of cash. Also got some big capitol gains tax to be paid....and some other factors. Been looking to harvest some losses....have nothing that even begins to be meaningful. Lots of tax and planning meetings going on....and just gonna have to grin and bear it. I think cash is king for a bit here. Sooner or later we are going to see some fear creep into th.is crazy market. Shaking it over here boss.

We are old....and the only thing that makes sense for us is to gift all we can to our kids and grandkids. Maybe a charitable trust is in our future? Dunno. Good problem to have I suppose..... or maybe a Lambordini? our car and truck are 8 and 9 years old....I suppose we could upgrade......or start gambling. Ugh.

How come you sold the lake house? You didn’t want to leave it to the kids or grandkids? I am hoping to leave our camp/2nd home + land to our kids.

 

[H20fwler]

How come you sold the lake house? You didn’t want to leave it to the kids or grandkids? I am hoping to leave our camp/2nd home + land to our kids.

That’s our plan too.
We are leaving the two farms to whomever likes to hunt and the property we live on with the pond to all of them...setting up a trust to cover taxes/utilities/maintenance so it won't be a burden to any of them. That way it can be a weekend getaway/vacation spot or place to live if any need an "in-between home" if something comes up.
Hopefully it can stay in the family for a couple generations until someone gets greedy.
As far as financial wealth the kids can just split up any that is left equally.

 

[hunts_with_stick]

Oh, I like the idea of setting up a trust. Hopefully I have enough money to do that. great idea.

 

[jsasker007]

FI is down enough that I had to buy some. Dropped a lot on weak guidance.

 

[Angus 1895]

What’s the deal with Garmin?

 

[Howboutthemdawgs]

God lawd hope some of yall were holding BLOOM

 

[BuckSutherland]

I dont own any, but just looked and wished I did. Impressive. You have some?

 

[BuckSutherland]

Palantir hit ATH this morning. 910% gain if I sold now
AMD hit ATH
AVGO hit ATH
NVDA hit ATH
SOFI hit ATH



Earnings for GOOG, MSFT and META after hours today. Only one I dont own directly is META. Looks like S&P wants 7,000.

 

[buckvelvet]

Looks like I'm getting my NEM shares at the end of the day.

Did ya end up with 'em?

 

[Ben.MN/WI]

After selling our lake home to downsize....we are sitting on a bunch of cash. Also got some big capitol gains tax to be paid....and some other factors. Been looking to harvest some losses....have nothing that even begins to be meaningful. Lots of tax and planning meetings going on....and just gonna have to grin and bear it. I think cash is king for a bit here. Sooner or later we are going to see some fear creep into th.is crazy market. Shaking it over here boss.

We are old....and the only thing that makes sense for us is to gift all we can to our kids and grandkids. Maybe a charitable trust is in our future? Dunno. Good problem to have I suppose..... or maybe a Lambordini? our car and truck are 8 and 9 years old....I suppose we could upgrade......or start gambling. Ugh.

Roll the capital gains into a new property! You can never have too much land-

 

[SD51555]

Did ya end up with 'em?

I did. I'm already under water a little bit, but I'm still sitting in a good spot. Don't care if it's down, I just need it to be close enough I can get paid on the options without risking getting cashed out at a loss. Here's how this one went down.

1. Sold an $87 put that would expire on 10/24. Got paid $266 cash for that.
2. It fell and whomever was holding my put option exercised it and dumped their shares on me at $87.
3. Now that I own it at an adjusted buy price of $87.00 - $2.66 = $84.34, I sold an $86 call for 11/14 expiration for $131.

That $131 represents a 1.55% income rate on a 3 week option. That's a 26% income earning rate annually.