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School me on investing...

Discussion in 'General' started by noles19, Nov 8, 2017.

  1. auminer

    auminer Renaissance Redneck

    Not in the panem column, but certainly a tally in the circenses.
     
  2. Jedb

    Jedb Professional Novice :-)

     
  3. Tristan

    Tristan Well-Known Member

    Can someone explain ZIM to me? Like- why isn't the stock price way higher with a p/e of .5 and an 80% annual dividend???
     
  4. auminer

    auminer Renaissance Redneck

    Bah! I smashed it in 4 today! :moon:
     
    Jedb likes this.
  5. auminer

    auminer Renaissance Redneck

    I'm not at all familiar with the stock, but those are utterly unsustainable numbers. Particularly that dividend.

    I'll give it an exhaustive 2 minute drilldown when I get home.
     
  6. Tristan

    Tristan Well-Known Member

    Some youtuber said they pay out like 50% of their profits in dividends
     
  7. auminer

    auminer Renaissance Redneck

    Worm in the apple found:

    Previous years/quarters have had positive earnings, which, as mentioned, have been paid as dividends to shareholders. Earnings guidance is for losses over the foreseeable future quarters. Ergo: no dividend.

    Is this a buying opportunity for a patient investor? Who knows. I did see a yuuuuge increase in their losses from financing cash flow. I didn't dig into that, but I'd guess that explains the forecast losses.

    Figure out the why of that, and I'd bet you'd have a better idea of the long term outlook.
     
    Tristan likes this.
  8. Tristan

    Tristan Well-Known Member

    So... I bought a bit of this since I caught wind of it right before the ex-div date. $1100 into it, 3 days later value dropped $265 however it paid dividend of $300. Realistically a net loss considering taxes, but we'll see how it goes.
     
  9. auminer

    auminer Renaissance Redneck

    Holy shit on a shingle!

    This post certainly didn’t age well! :eek:

    I just went poking around ebay and a couple of reddit threads looking for a place to spend a couple of hundred bucks I had to accept PayPal for... Jeeeeeezus junk silver has gotten stoopid all of a sudden. 30x face seems to be about as good as it gets on fleabay, 21x was the best I saw available on reddit. Looks like you might still be able to get sub-20 on reddit pmsforsale if you're quick.

    I'ma just wait until we talk to our professional and find out if we can still put it into our self directed IRAs now that the missus got that promotion and yuuuuuuge (bigly) raise.

    First world problems. :D
     
  10. Tristan

    Tristan Well-Known Member

    How in the actual fuck do you guys that trade a lot do your taxes? Since we've been filing jointly the wife has been handling the taxes (only fair since she makes more thus enjoys more benefit from filing jointly) but last night she threw her hands up and demanded I look at them. Got my 1099-b and had no trouble importing it to the tax program, but on most of the sales the cost basis line says "n/a" instead of the actual costs. Using Etrade- since I don't hardly ever sell anything, there was only a few trades and using the "gains and losses" tab I was able to figure out the cost basis. I can only imagine if I was a more active trader and maybe had more than the 2 accounts I have what an absolute nightmare it would be... Is this an Etrade problem or common with other brokers?
     
  11. R1M370

    R1M370 Dr P Ness

    Fidelity provides me with detailed 1099-b and 1099-div forms, never an issue with tax filings.
     
  12. YamahaRick

    YamahaRick Yamaha Two Stroke Czar

  13. sanee

    sanee Well-Known Member

    im with etrade also and they sent me a 1065 k1
     
  14. dsapsis

    dsapsis El Jefe de los Monos

    Andrew Gelman would murder that graph.
     
    SuddenBraking likes this.
  15. thrak410

    thrak410 My member is well known

    My PDFs from Etrade have a summary page that makes it super easy.
     
  16. Trainwreck

    Trainwreck I could give a heck

    TD sends me 1099's for all the stuff I do.
     
  17. cortezmachine

    cortezmachine Banned

    Check the YouTube thread
     
  18. BigBird

    BigBird blah

  19. cortezmachine

    cortezmachine Banned

  20. thrak410

    thrak410 My member is well known

    OK I finally bit on RIVN :beer:
     
    ChemGuy likes this.

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