Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

When you got rid of Robinhood, did you do an account transfer or just sell everything and move the money to your bank? I'm looking to do this right now from RH to TD

 

My understanding on it was that McDonald’s was serving coffee that was literally boiling hot. They did this because they also offered free refills. They had figured out that if they make it stupid hot, by the time people can actually drink the coffee, they’ve already left the store and won’t do the free refill. I read some article that was showing average temperature of coffee and then what temperature coffee burns at and the McDonald’s coffee at that place was waaaay hotter.

 

How much do you have to move? Some ACATS stuff in-kind, might not work.

1. Partial shares if you don't have a full share, TD won't take it.

2. Account value, don't know what it is but RH probably has a transfer fee (ballpark 150$), if you have less than 150, you won't be able to transfer in kind.

With the sell-then-buy method you can run into wash-sale stuff. https://www.investopedia.com/terms/...t=The rule defines a wash,or option to do so.

TL;DR - you can do it, but you can't deduct losses related to it. Just something to be aware of, and if you do it and it's significant (IE transferring 100k), for me that would be worth it to talk to a professional or TD ahead of time, spend the 20 bucks for TD Premium or whatever they call it for a month, get some assistance so you don't jack anything up, and then I would also just pay someone to do taxes that year, it's typically not super expensive, but they'll know how to handle that.

If it's ~5k, wing it.





Futures up so far. Yee haw. NRGU not showing a strong upside yet today, but it could. People thinking EOM and 4th Holiday will play roles? My theory: states are being stronger than they need to be or want to be through the 4th holiday, to kind of keep things in check. But, after the holiday weekend we'll see a lot more opening activities.

 

Did a case study on this back in business school.

Estimated temperature of the coffee was 180F, well shy of "literally boiling hot"

Optimum water temperature for brewing coffee is 190-205F.

An interesting root cause analysis - https://www.thinkreliability.com/case_studies/hot-coffee-cause-map-2/

Still, net of the case was that McD's knew folks were getting injured by the 180F coffee, and they were pretty callous about it - particularly in this suit. The jury apparently upped the damages from what the lady was seeking. https://www.caoc.org/?pg=facts

 

Yeah we looked at this in high school I think? not in depth, shockingly.

The plaintiff didn't even want to sue at first, and then was looking for a low amount like 20k. McD's told her to buzz off and then offered half, I think it was. Can't remember the exact figures. And she was not just got a small burn on her arm that went away in a few minutes, she got pretty severely injured because of it.

edit: As a quality manager in aerospace, seeing a completely different way of root cause mapping is kind of cool. It's sort of using the 3x5 why method popularized in root cause and corrective action investigations in aerospace/automotive industries. You ask "Why" 5 times to drive to the root cause rather than another symptom, and the three branches are reactive, systemic, detection.

1. Why did it happen?
2. Why didn't we detect it happening and released?
3. Why did we allow it to happen in the first place?

for example,

Burnt out oil pump > Overloaded circuit > Fuse Blown

Fix the fuse, off you go, right? Nope, you've only gone three steps. You replace the fuse, it'll happen again and burn out another oil pump. You're replacing pumps and fuses every 6 months.

Burnt out oil pump > Overloaded circuit > Fuse Blown > Circuit out of phase > Wrong transformer used

(I have little to no electrical background, this 5 why series could make absolutely no sense, but it's just to illustrate that you need to dig more).

 

Thanks for correcting what I was saying. I was basing it off of memory from an article I read ages ago. I could have sworn the article said that the coffee was boiling temp.

 

There's been a lot of hyperbole about that case, so I'm not at all surprised you'd have seen / remembered "boiling temp".

 

Thanks for the info. I'm just playing with ~ $2k right now but I do have a few partial shares

 

Awesome RCA.

I'm also a safety guy and love that shit.

 

What kind of trouble are we getting into this week, y'all?

 

Another early selloff.

 

That's the way I'm leaning...

 

Prob another slightly up week overall.

 

I ended up picking up 225 shares of NRGU at $4.36, so I hope you're right.

 

or retest of March lows

 

I'm averaged at $4.23. The oil companies will recover this summer, just look at the activity around you. They can't keep the economy shut down forever.

 

I agree, but I also don't like holding leveraged stocks for more than a week at a time.

 

You may be in for a disappointment then.

If it wasn't an election year, we'd be back on track by now...

 

Too much or not enough. Who knows how this week will go.

Son of a....I just looked, it was up ish pre market. But oil was down, figured it wouldn't be a strong up day if it was up. Looks like it's down. Gahhhh.

That plus oil prices right now. I have no idea why oil prices are going down, BUT when they go back up, it'll jump back up. Oil will be back, NRGU is a 3x leverage though, I don't know an energy/oil ETF/IF off the top of my head, that is safer than NRGU. But, I think NRGU will pay off by the end of the year.

 

I'm ok with buying NRGU around $4.40 and selling around $4.80 once per week -- it's an extra $100 I didn't have. The problem is I don't have experience or knowledge in investing, so I don't want to make serious moves until I do. I'm honestly more worried about the depreciating value of the ETF.