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islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jun 7, 2021 - 6:47am

 kurtster wrote:

I stand corrected.  Been awhile since I bothered to open a statement.  It is now on self adjusting.

Overview (Opened January 11, 2018 )
Total Invested $100.00
Total Earned -$7.14
Total Balance $92.86

Quarterly Statement Betterment October 1, 2019 - December 31, 2019
Betterment Securities, Broker-Dealer

Quarterly Summary
Beginning Balance (Sep 30, 2019) $88.37
Net Change $4.49
Ending Balance (Dec 31, 2019) $92.86

Beginning Balance (May 1 2021) $108.50
Deposits $0.00
Withdrawals1 -$0.02
Earnings $1.30
Ending Balance (May 31 2021) $109.78

It is making money hand over fist ...

Regarding using PP as a platform.  There is no way of putting in trading orders.  There are no provisions for margin trading.  You can only buy and sell, live in real time with fully funded transactions.  You watch and wait.  My point all along has been that there is more than ample reaction time to avoid getting burned by a sudden downturn.  They are not as sudden as say metals or certain equities.

So you can play along, since you seem to be so interested.  
In on May 24  Exchange rate $2,419.42 USD = 1 Ethereum (ETH)

Current price:  CLICKY   $2793.02 or roughly 10%

Current PP sell price:

$2,776.63 USD = 1 ETH  with a $2790.02 market price

I am currently looking to see what the new range is likely to be going forward.  If I get up 25% ( $31-3200 ?) I might cash out and wait to go back in on a dip.  But that is dependent on if it starts cycling.  There is also the risk of getting out and getting left behind.  There may not be another dip or one that matters for a very long time.



I don't know, for someone with the uncanny ability to sell crypto at the peak and buy back in at nearly the low, I'm really surprised you weren't able to pick an ETF mix in betterment with a little better record.  I haven't run all their ETFs, but the biggies - VTI and VTV did much better than that. Even the riskier emerging market stuff like VOE did ~5% annualized in that window.  Did you just put it all in bonds (although even most of those like BNDX did better than your return). Oh wait, short term treasury bonds were pretty flat, that must be where you put it all.   You should diversify a little bit to limit your risk in any one sector. 

Looking for 25% on speculative investments and you call me the 1%!  Good luck. I'm sure with your knack for buying at the lows you'll be rolling in it soon.

kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: Jun 6, 2021 - 7:07pm

 islander wrote:


As usual, you are wrong on many levels. I'm not even sure what you are on about with Netflix.  If you had actually listened to my advice on betterment, you wouldn't have had much exposure to volatility. You wouldn't have made 25% annual returns either, but that's not realistic for most people.   I'll go ahead and call bullshit - if you had money in Betterment for the last 3 years and are down 5%, you would have had to invest in the most risky and most unlucky funds they have. They only have a handfull of vanguards ETFs, but I don't think any of them would have that return in that window unless you bailed out last April. 

I'm sure you schooled the paypal guys and have set them straight. But if you want to be taken seriously in most investment groups you talk about your trades in real time. You don't need to tell us how much you are putting in, but it adds a lot more legitimacy if you say "today I bought, and here's my targets", instead of "I bought last week when it was low and sold today".  My speculation fund is about $1k. I'm moving some of it around. Here is what I have planned:  I have a buy order for SNDL at $1 that I hope fills tomorrow.  I'm also looking at moving some into Enphase and Sunrun. for Sundial I'm looking to sell out on an upswing at about $1.2, and Enphase and Sunrun I'll probably sell when I get a 10% return or so - depending on the volatility that goes with the solar guys I may change that target a little bit. 




I stand corrected.  Been awhile since I bothered to open a statement.  It is now on self adjusting.

Overview (Opened January 11, 2018 )
Total Invested $100.00
Total Earned -$7.14
Total Balance $92.86

Quarterly Statement Betterment October 1, 2019 - December 31, 2019
Betterment Securities, Broker-Dealer

Quarterly Summary
Beginning Balance (Sep 30, 2019) $88.37
Net Change $4.49
Ending Balance (Dec 31, 2019) $92.86

Beginning Balance (May 1 2021) $108.50
Deposits $0.00
Withdrawals1 -$0.02
Earnings $1.30
Ending Balance (May 31 2021) $109.78

It is making money hand over fist ...

Regarding using PP as a platform.  There is no way of putting in trading orders.  There are no provisions for margin trading.  You can only buy and sell, live in real time with fully funded transactions.  You watch and wait.  My point all along has been that there is more than ample reaction time to avoid getting burned by a sudden downturn.  They are not as sudden as say metals or certain equities.

So you can play along, since you seem to be so interested.  
In on May 24  Exchange rate $2,419.42 USD = 1 Ethereum (ETH)

Current price:  CLICKY   $2793.02 or roughly 10%

Current PP sell price:

$2,776.63 USD = 1 ETH  with a $2790.02 market price

I am currently looking to see what the new range is likely to be going forward.  If I get up 25% ( $31-3200 ?) I might cash out and wait to go back in on a dip.  But that is dependent on if it starts cycling.  There is also the risk of getting out and getting left behind.  There may not be another dip or one that matters for a very long time.

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jun 6, 2021 - 5:37pm

 kurtster wrote:


yeah, yeah ... says the 1% er.  

I'm trying to keep specific dollar amounts out of this and instead speak in percentages, which in essence is all that matters, right ?  What, you want me to post my actual purchase and sales history to make you happy and me credible ? I'll guestimate that I am still up about $500 just to make you happy.  All's I am doing is using the amount of money you spend to fill the tank on your boat.  A lot to me, but chump change to you.

This is more about the opportunity provided by Pay Pal, the pluses and minuses.  I'm learning and sharing what I am learning.  I just had a long conversation with a PP supervisor over an inordinate length of time on a fund hold after a sale.  I went into depth with this guy when he tried to tell me that PP is only a payment processor.  I got him to understand that there is no third party involved once I nailed him down on just exactly who is their trading partner and to explain the actual percentage of the buy and sell spreads.  They will not disclose that.  I could make screen captures and figure it out myself, but this should be posted for the sake of transparency and also maybe to meet legal obligations.  He did admit that there is no trading partner, that it is PP itself, which led to the admission that they should not be applying the same rules.  This is a two party transaction directly between the member and PP itself.   A major adjustment is required here where there has to be a certification that all parties involved are safe and secure eliminating holds going forward.

But I digress, you already know all of this stuff, because you just do, right ?  Well you should'a told me a long time ago of this problem.

OBTW ... I took your advice regarding Betterment a few years ago and almost immediately lost money due to volatility.  Took everything out except $100.  Three years later, that $100 is worth $95.  Meanwhile every time I see Netflix's current stock price I think of you.




As usual, you are wrong on many levels. I'm not even sure what you are on about with Netflix.  If you had actually listened to my advice on betterment, you wouldn't have had much exposure to volatility. You wouldn't have made 25% annual returns either, but that's not realistic for most people.   I'll go ahead and call bullshit - if you had money in Betterment for the last 3 years and are down 5%, you would have had to invest in the most risky and most unlucky funds they have. They only have a handfull of vanguards ETFs, but I don't think any of them would have that return in that window unless you bailed out last April. 

I'm sure you schooled the paypal guys and have set them straight. But if you want to be taken seriously in most investment groups you talk about your trades in real time. You don't need to tell us how much you are putting in, but it adds a lot more legitimacy if you say "today I bought, and here's my targets", instead of "I bought last week when it was low and sold today".  My speculation fund is about $1k. I'm moving some of it around. Here is what I have planned:  I have a buy order for SNDL at $1 that I hope fills tomorrow.  I'm also looking at moving some into Enphase and Sunrun. for Sundial I'm looking to sell out on an upswing at about $1.2, and Enphase and Sunrun I'll probably sell when I get a 10% return or so - depending on the volatility that goes with the solar guys I may change that target a little bit. 

kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 30, 2021 - 3:23pm

 islander wrote:


if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 


yeah, yeah ... says the 1% er.  

I'm trying to keep specific dollar amounts out of this and instead speak in percentages, which in essence is all that matters, right ?  What, you want me to post my actual purchase and sales history to make you happy and me credible ? I'll guestimate that I am still up about $500 just to make you happy.  All's I am doing is using the amount of money you spend to fill the tank on your boat.  A lot to me, but chump change to you.

This is more about the opportunity provided by Pay Pal, the pluses and minuses.  I'm learning and sharing what I am learning.  I just had a long conversation with a PP supervisor over an inordinate length of time on a fund hold after a sale.  I went into depth with this guy when he tried to tell me that PP is only a payment processor.  I got him to understand that there is no third party involved once I nailed him down on just exactly who is their trading partner and to explain the actual percentage of the buy and sell spreads.  They will not disclose that.  I could make screen captures and figure it out myself, but this should be posted for the sake of transparency and also maybe to meet legal obligations.  He did admit that there is no trading partner, that it is PP itself, which led to the admission that they should not be applying the same rules.  This is a two party transaction directly between the member and PP itself.   A major adjustment is required here where there has to be a certification that all parties involved are safe and secure eliminating holds going forward.

But I digress, you already know all of this stuff, because you just do, right ?  Well you should'a told me a long time ago of this problem.

OBTW ... I took your advice regarding Betterment a few years ago and almost immediately lost money due to volatility.  Took everything out except $100.  Three years later, that $100 is worth $95.  Meanwhile every time I see Netflix's current stock price I think of you.


rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: May 30, 2021 - 1:37pm

 islander wrote:


if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 

There was a hint of sarcasm in the question, but it doesn't really matter.

westslope

westslope Avatar

Location: BC sage brush steppe


Posted: May 30, 2021 - 1:30pm

 islander wrote:


if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 

Yes!   This.       

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: May 30, 2021 - 1:24pm

 rgio wrote:

So are you still holding?  If so...you're down.  How far will you go?



if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 28, 2021 - 5:39am

 rgio wrote:

So are you still holding?  If so...you're down.  How far will you go?



Nope, still up.  Goes any lower might buy the dip.  I'm all Etherium now.  More thoughts later.  Out the door to work.

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: May 28, 2021 - 5:14am

 kurtster wrote:


Yeah, went back in and will be holding as well going forward.  We just went through a big adjustment and shake out and it's looking better again going forward.  That and now I can actually use it to buy stuff should I want to.

So are you still holding?  If so...you're down.  How far will you go?

miamizsun

miamizsun Avatar

Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: May 27, 2021 - 4:24pm

tyler cowen and mark carney

On digital currencies (about  halfway down)



whole interview is informative

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: May 27, 2021 - 3:26pm

 kurtster wrote:


Oh, fear not.  I never intended to use it.  I'm trying to accumulate it.  And being all in Pay Pal, it is highly documented.  You do raise an interesting point.  Accepting it for payment could also have the same implications.  I need to be careful with my activity because my vinyl goes out via PP and I don't want to send out any unnecessary flags.  Without going into details, I had my first audit at the age of 22.  I took notes and learned a lot about these things.  Everything was in order, but the experience was a serious eye opener.  I am capable of doing my own long forms, but prefer not to right now.  I'll pay a little for the service for peace of mind.



Imagine accepting $1M on Saturday for good or services... and waking up with a value of $500k on Monday.  Not only did you lose $500k....but you owe tax on $1M, with loss deduction limitations on the missing $500k.  There will be companies that go out of business because they won't have the money to pay the taxes.
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 27, 2021 - 3:02pm

 rgio wrote:

Kurt...prepare for the nightmare.

The IRS is going to make you show any capital gain/loss on the conversion for each transaction (it's a huge focus for them).  I can't imagine the total shit-show of trying to reconcile gains and losses for buying coffee or a tee shirt.   I would keep crypto as an investment and buy things with dollars.  Keep all of the gains/losses obvious.

Just because you can use crypto to buy stuff doesn't make it a good idea.




Oh, fear not.  I never intended to use it.  I'm trying to accumulate it.  And being all in Pay Pal, it is highly documented.  You do raise an interesting point.  Accepting it for payment could also have the same implications.  I need to be careful with my activity because my vinyl goes out via PP and I don't want to send out any unnecessary flags.  Without going into details, I had my first audit at the age of 22.  I took notes and learned a lot about these things.  Everything was in order, but the experience was a serious eye opener.  I am capable of doing my own long forms, but prefer not to right now.  I'll pay a little for the service for peace of mind.

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: May 27, 2021 - 5:30am

 kurtster wrote:

Interesting.  Just used PayPal to buy something and at checkout, I was offered the ability to pay using my crypto currency out of my account.  This is a new option just made available.  A new buying strategy.  Make purchases when the crypto is at a high point in the day and worth the most.


Kurt...prepare for the nightmare.

The IRS is going to make you show any capital gain/loss on the conversion for each transaction (it's a huge focus for them).  I can't imagine the total shit-show of trying to reconcile gains and losses for buying coffee or a tee shirt.   I would keep crypto as an investment and buy things with dollars.  Keep all of the gains/losses obvious.

Just because you can use crypto to buy stuff doesn't make it a good idea.


kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 26, 2021 - 10:08pm

 Steely_D wrote:


HODLing
Down a bit but recovering nicely.

As someone on Reddit posted: "It's an investment, not a currency" to which I replied, "So it's a Beanie Baby?"


Yeah, went back in and will be holding as well going forward.  We just went through a big adjustment and shake out and it's looking better again going forward.  That and now I can actually use it to buy stuff should I want to.
Steely_D

Steely_D Avatar

Location: Biscayne Bay
Gender: Male


Posted: May 26, 2021 - 10:04pm

 kurtster wrote:

Hey, steely, if you're still up % wise, now is the time to bail if you haven't already.



HODLing
Down a bit but recovering nicely.

As someone on Reddit posted: "It's an investment, not a currency" to which I replied, "So it's a Beanie Baby?"
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 26, 2021 - 9:54pm

Interesting.  Just used PayPal to buy something and at checkout, I was offered the ability to pay using my crypto currency out of my account.  This is a new option just made available.  A new buying strategy.  Make purchases when the crypto is at a high point in the day and worth the most.

kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 23, 2021 - 12:07pm

 westslope wrote:

Not worried about catching a falling knife?   The headlines on Bitcoin have been rather dismal as of late.

See:  yahoo! Finance Bitcoin USD (BTC-USD)





Yeah, bailed out earlier this morning right before the huge drop.  Gonna sit and watch now.  Prolly going down hugely some more.  Still net ahead, but not much now.
westslope

westslope Avatar

Location: BC sage brush steppe


Posted: May 20, 2021 - 7:17pm

 kurtster wrote:

I went back in this morning.  So far so good.

Oh, and the pay out on PayPal was instant, no holds this time, so I can jump back in or transfer funds out when ever now.


Not worried about catching a falling knife?   The headlines on Bitcoin have been rather dismal as of late.

See:  yahoo! Finance Bitcoin USD (BTC-USD)



kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 20, 2021 - 6:50pm

I went back in this morning.  So far so good.

Oh, and the pay out on PayPal was instant, no holds this time, so I can jump back in or transfer funds out when ever now.
Manbird

Manbird Avatar

Location: Owl Creek Bridge
Gender: Male


Posted: May 18, 2021 - 9:36pm

Everybody's buying $ASS (no joke) but it's like a 50 step process to obtain. So no way, Jose. See the link to reddit for the instructions. Someone will probably get rich but it won't be me.  I made my $200 bucks in BC and I'm outy.

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