2025-04-03-top
- 精選方式: TOP
- 時間範圍: DAY
討論重點
以下是30篇文章的摘要與重點條列，並附上對應錨點連結：
#1 美國旅遊業警報：赴美遊客航班下降70%
重點：
- 現象分析
- 加拿大遊客（佔26%）因政策限制減少70%航班、45%陸路入境。
- 歐洲遊客（如法國）赴美預訂量降25%。
- 交易策略
- 做空：美加航線航空、邊境州酒店、非必需消費零售商。
- 做多：歐亞旅遊企業、區域性航空維修公司。
- 風險：加拿大數據為先行指標，若政策擴及全球將加劇衰退。
#2 4名共和黨議員支持撤銷對加拿大關稅
重點：
- 政策變動：兩黨合作撤銷關稅，影響加拿大企業（如Nutrien、Magna）。
- 投資標的：關注ETF（XIC、EWC）及個股（NTR、MG）。
- 爭議：強調非政治立場，僅分析市場影響。
#3 新手投資者的市場下跌心理調適
重點：
- 策略壓力：每月DCA投資VOO，擔憂裁員與市場崩盤。
- 風險評估：考慮轉向低風險資產（貨幣基金）因應家庭需求。
- 求助：尋求資深投資者經驗以平衡長期/短期目標。
#4 Bridgewater推出全天候策略ETF（ALLW）
重點：
- 策略核心：風險平價配置（債券71%、股票42%、商品37%）。
- 運作：SSGA執行Bridgewater模型，目標波動率10%-12%。
- 費用：0.85%，主打散戶接觸機構級策略。
#5 個股異常波動的成因與交易機會
重點：
- 現象：LAC等個股盤中虛假高點（±50%）。
- 成因：流動性不足、報價錯誤或高頻交易干擾。
- 策略：探討套利可能，但需注意數據可信度。
#6 加密貨幣與傳統投資的報酬取捨
重點：
- 矛盾：加密貨幣高報酬 vs. 傳統投資穩定性。
- 心理調適：如何克服貪婪並維持多元配置。
#7 投資討論區的新手指南
重點：
- 資源導向：推薦FAQ、書單與結構化提問框架。
- 免責聲明：強調專業諮詢必要性。
#8 平價股票評分工具替代方案
重點：
- 需求：快速基本面評分（如Seeking Alpha的Factor Grades）。
- 工具比較：Stock Rover、GuruFocus等冗贅問題。
#9 股票 vs. 房地產投資比較
重點：
- 報酬：房地產潛在增值高於指數基金。
- 勞力投入：房地產需主動管理，股票被動省時。
#10 基金投資的資金流動機制
重點：
- 流程：資金如何從個人帳戶轉入基金並集中投資。
（因篇幅限制，以下為簡化條列，完整版可依需求擴充）
#11-30 簡要重點
- #11：債券ETF（BND）細分與配置策略。
- #12：年輕投資者調整股息/成長型基金以優化稅務。
- #13：Roth IRA中股息再投資的長期效益。
- #14：繼承TSP後「清償債務」vs.「滾存IRA」的抉擇。
- #15：非美公民透過愛爾蘭ETF（VUAA/VWRA）節稅。
- #16：短期現金存放的債券ETF比較（SGOV vs. AYEN）。
- #17：41歲投資者是否
文章核心重點
-
US tourism officials sound alarm...
- 美國旅遊業因政策影響導致國際遊客銳減70%，可能損失14萬個工作崗位和140億美元經濟收入。
-
4 Republican senators break from party...
- 四名共和黨參議員跨黨派支持撤銷對加拿大關稅，此舉可能利好加拿大企業及相關ETF。
-
Riding out my first drop without jumping out the window
- 一位年輕投資者在市場波動中反思定期定額策略，並尋求平衡長期投資與短期財務安全的方法。
-
ALLW - Bridgewater released an ETF version...
- Bridgewater推出「全天候策略」ETF（ALLW），透過多元資產配置實現不同經濟環境下的穩健回報。
-
Massive Spikes in Individual Stocks?
- 探討個股異常波動（如虛假高點）的成因，並分析其潛在交易機會與風險。
-
General question for those of you that believe in Bitcoin...
- 投資者尋求平衡加密貨幣高回報與傳統投資穩定性的方法，並討論如何克服貪婪心理。
-
Daily General Discussion and Advice Thread...
- 引導新用戶有效參與投資討論，強調資源查閱與結構化提問的重要性。
-
Cheaper Alternatives to Seeking Alpha Factor Grades?
- 尋找平價且簡潔的股票基本面評分工具，以輔助技術分析決策。
-
Stock market or property investment...
- 比較股票與房地產投資的收益與投入精力，探討兩者在長期財富積累中的取捨。
-
When you invest your money into a fund...
- 解釋資金投入各類基金（如ETF、私募基金）後的實際流動與管理機制。
-
Types of bonds to invest in? BND broken out?
- 分析債券ETF（如BND）的組成與配置策略，並探討其在投資組合中的避險功能。
-
Mutual Fund Investing - Optimal Strategy...
- 年輕投資者調整共同基金配置以減少股息稅負，並側重成長型資產。
-
Question on how dividends affect total return in a Roth IRA.
- 探討Roth IRA中高股息ETF與高成長ETF的長期回報差異，及股息再投資的優勢。
-
Father passed, Thrift Savings Plan...
- 繼承TSP帳戶後，抉擇提前支取清償債務或滾存至IRA以保留退休儲蓄。
-
First-time investor, VUAA and VWRA
- 新手投資者選擇愛爾蘭註冊ETF（VUAA、VWRA）以優化稅務效率與全球分散配置。
-
which bonds etf for short-term cash?
- 比較低波動債券ETF（如SGOV、AYEN）的特性，以選擇適合短期現金存放的標的。
-
403b and market volatility!!
- 41歲投資者評估是否調整高比例股票配置的退休帳戶，以應對潛在市場下跌風險。
-
Trust - Dumping High Fee Advisor...
- 處理繼承信託中的高成本投資組合，尋求簡化配置並最小化稅務影響的策略。
-
Moving Non-Retirement Institutional Investor Mutual Funds...
- 探討機構專屬共同基金轉移至新券商時的稅務遞延方法。
-
How hands off vs hands on do you tend to be when investing?
- 討論投資後參與新創公司營運的程度，權衡支持與干預的界限。
-
Has anyone seen slippage on Public that doesn't add up?
- 用戶質疑交易平台Public的執行透明度與強制小費設計，考慮撤資。
-
Portfolio Thoughts Requested
- 33歲高風險容忍度投資者請求評估其多元化組合（含科技、醫療、加密貨幣）的長期合理性。
-
Where to get accurate timely data on short shares as % of float?
- 尋找可靠且即時的空頭興趣數據來源，以輔助投資決策。
-
Even After Diversifying, Where Else to Invest?
- 在傳統資產表現低迷時，探討其他分散風險的投資方向（如另類資產）。
-
Is It Just Me, or Is Robinhoods Security Still a Concern?
- 用戶對Robinhood整合第三方服務的安全與隱私風險提出
目錄
- [1.
US tourism officials sound alarm, tourist flighto US sink 70% and could impact up to 140k hospitality jobs and $14B in economic spending](#1-us-tourism-officials-sound-alarm-tourist-fli) - [2.
4 Republican senators break from party to pass new Democrat resolution to reverse US tariffs on Canada - decision to happen today](#2-``` 4-republican-senators-break-from-party-to-pa) - [3.
Riding out my first drop without jumping out the window](#3-``` riding-out-my-first-drop-without-jumping-out) - [4.
ALLW - Bridgewater released an ETF version of All Weather last month with State Street](#4-``` allw-bridgewater-released-an-etf-version-of-) - [5.
Massive Spikes in Individual Stocks?](#5-``` massive-spikes-in-individual-stocks-
- [6. ```
General question for those of you that believe in Bitcoin: what % of your portfolio is in btc? How do you keep yourself grounded in reality investing for normal returns after noticing the meteoric returns from crypto over the last 5 years for example?
```](#6-```
general-question-for-those-of-you-that-belie)
- [7. ```
Daily General Discussion and Advice Thread - April 02, 2025
```](#7-```
daily-general-discussion-and-advice-thread-a)
- [8. ```
Cheaper Alternatives to Seeking Alpha Factor Grades?
```](#8-```
cheaper-alternatives-to-seeking-alpha-factor)
- [9. ```
Stock market or property investmen```, and why?
```](#9-```
stock-market-or-property-investmen```-and-wh)
- [10. ```
When you invest your money into a fund, where does it initially (literally) go?
```](#10-```
when-you-invest-your-money-into-a-fund-wher)
- [11. ```
Types of bonds to invest in? BND broken out?
```](#11-```
types-of-bonds-to-invest-in-bnd-broken-out-)
- [12. ```
Mutual Fund Investing - Optimal Strategy for Young-ish Investor Concerned with Future Tax Impac``` of Growing Dividends
```](#12-```
mutual-fund-investing-optimal-strategy-for-)
- [13. ```
Question on how dividends affect total return in a Roth IRA.
```](#13-```
question-on-how-dividends-affect-total-retu)
- [14. ```
Father passed, Thrift Savings Plan non-spouse beneficiary question
```](#14-```
father-passed-thrift-savings-plan-non-spous)
- [15. ```
First-time investor, VUAA and VWRA
```](#15-```
first-time-investor-vuaa-and-vwra
```)
- [16. ```
which bonds etf for short-term cash?
```](#16-```
which-bonds-etf-for-short-term-cash-
```)
- [17. ```
403b and market volatility!!
```](#17-```
403b-and-market-volatility-
```)
- [18. ```
Trust - Dumping Higj Fee Advisor, Moving to Index Funds or Fidelity Managed Account
```](#18-```
trust-dumping-higj-fee-advisor-moving-to-in)
- [19. ```
Moving Non-Retirement Institutional Investor Mutual Funds to New Entity - Taxable
```](#19-```
moving-non-retirement-institutional-investo)
- [20. ```
How hands off vs hands on do you tend to be when investing? What drives how involved you become?
```](#20-```
how-hands-off-vs-hands-on-do-you-tend-to-be)
- [21. ```
Has anyone seen slippage on Public that doesn't add up?
```](#21-```
has-anyone-seen-slippage-on-public-that-doe)
- [22. ```
Portfolio Though``` Requested
```](#22-```
portfolio-though```-requested
```)
- [23. ```
Where to get accurate timely data on short shares as % of float?
```](#23-```
where-to-get-accurate-timely-data-on-short-)
- [24. ```
Even After Diversifying, Where Else to Invest?
```](#24-```
even-after-diversifying-where-else-to-inves)
- [25. ```
Is It Just Me, or Is Robinhoods Security Still a Concern?
```](#25-```
is-it-just-me-or-is-robinhoods-security-sti)
- [26. ```
BDTX - diamond in the rough
```](#26-```
bdtx-diamond-in-the-rough
```)
- [27. ```
Who is an expert on SDOW?
```](#27-```
who-is-an-expert-on-sdow-
```)
- [28. ```
Do you/ would you hold a bitcoin etf in your portfolio?
```](#28-```
do-you-would-you-hold-a-bitcoin-etf-in-your)
- [29. ```
Just missed out on an actual good IPO
```](#29-```
just-missed-out-on-an-actual-good-ipo
```)
- [30. ```
How did the stimulus checks boost economy so much?
```](#30-```
how-did-the-stimulus-checks-boost-economy-s)
---
## 1. ```
US tourism officials sound alarm, tourist fligh``` to US sink 70% and could impact up to 140k hospitality jobs and $14B in economic spending
``` {#1-```
us-tourism-officials-sound-alarm-tourist-fli}
这篇文章的核心討論主題是：**作者如何利用美國旅遊業因政策影響而下滑的趨勢，制定股票交易策略（做多與做空相關企業）以獲取超額收益（alpha）**。具體分為以下重點：
1. **現象分析**：
- 加拿大是美國最大旅遊客源國（佔國際遊客26%），但近期因美國政策（關稅、入境限制、負面事件等）導致加拿大遊客大幅減少（航空旅行下降70%，陸路下降45%）。
- 歐洲等其他國際遊客也可能跟進此趨勢（如法國旅行社數據顯示赴美預訂量下降25%）。
2. **交易策略**：
- **做空**受衝擊的美國相關產業：
- 依賴美加航線的航空公司（如加航、WestJet母公司ONEX）。
- 美加邊境州的酒店、餐飲業（如尼亞加拉瀑布周邊）。
- 非必需消費零售商（因失業潮影響消費力）。
- **做多**非美旅遊相關企業：
- 營收集中於歐洲/亞洲的酒店及旅遊平台（預期遊客轉向其他目的地）。
- 區域性航空維修公司（因大型機隊需求下降，小型機隊仍活躍於歐亞航線）。
3. **風險與驗證**：
- 作者認為加拿大數據是先行指標，若美國政策擴及全球，旅遊業衰退可能加劇，強化策略有效性。
4. **數據支持**：
- 引用多項來源佐證旅遊下滑的經濟影響（如140,000個工作崗位風險、$140億潛在損失）。
總結：文章結合政策影響、消費者行為與產業數據，提出一套針對旅遊業衰退的對沖投資框架，核心在於「做空受損美國企業，做多受益國際企業」。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/](https://reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/](https://www.reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/)
- **發布時間**: 2025-04-02 12:33:57
### 內容
Here is my way of trying to find alpha in an erratic stock market - how I'm trading the US tourism dip.
1. Canada is the US's largest source of tourism: In 2024, 20 million Canadian touris visited the US, spent $20.5 billion, and supported 140,000 US jobs. Canada's population is 40 million, so 50% of the entire country visited, and the US had 77 million touris so 1 country is contributing 26% of visi```.
2. Recent US policies is leading to a tourism boycott from Canadians, and the rest of the world: Touris are boycotting US tourism due to tariffs, annexation threa, new travel barriers, and stories of visitors being unlawfully detained with no due process (in March a Canadian citizen was denied entry due to an expired visa, while this was a worker and not a tourist, instead of being allowed to return to Canada, as is the norm, she was shackled in chains and sent to a private ICE facility for 2 weeks without being able to contact a lawyer or get a bed).
**3. Analys previously predicted policies would decrease tourism by 5%, new numbers released this week show that it's 14x higher:**For Canada alone (26% of US's entire tourism industry with 20 million visitors) - airline travel is**down****70%**, land travel is**down****45%**, and**85%+**of touris survey say they cancelled their US trips.
**4. Here's how I'm planning on using this information to make stock trades into specific companies both long and short:**I'm shorting airlines that have high exposure to Can-US routes (it's been reported that airlines are slashing these routes due to 0 demand, and they is no clear way they can cover this revenue gap with a lower utilized fleet). I'm shorting select hospitality chains (hotels, restauran) with high exposure/retail foot print in US states that border Canada like Niagara Falls. The US travel association says that even just a 10% dip in touris will lead to $2 billion in economic losses and 140,000 jobs at risk (assuming 70% decrease from air travel happens across the board, that's $14b), I expect hospitality to have lower revenues. I'm shorting all non-essential or higher price retailers with a big footprint in hostility states, all these workers being laid off by lack of tourism + the fed job cu``` won't have as much to spend (not my specific trade, but an example would be short Target, long Dollar General).
I'm long, and buying, non-American/Europe hotel chains and travel booking platforms that get most of their revenue ouide the US, as I expect Canadian and international touris to concentrate their spend to Europe/Asia/Oceania travel this summer.
Edit 5. How do the European/International figures play?
It's important to note that the Canadian tourism numbers dipped after the policies that happened in point 2. And we're seeing what those numbers are a few months later now. The US admin is rolling out these policies across the board tomorrow during "Liberation Day". The point here is that we won't see the true vector of an internal tourism boycott both in terms of magnitude and direction until the policies that were enacted on Canada are enacted globally, and consumers have time to adjust behaviour. But if the Canadian consumer is any indication, I have more conviction in my trades. A glimpse into this being a trend is a French travel company reporting to Bloomberg their Europe to US travel bookings are down 25%.
Edit 6. Example of the airline play
Yes I know US airlines are already down a lot. Rode that wave and exited my shor```. Now I'm shorting Air Canada and ONEX (parent company of WestJet), since they have much more exposure to US-Can routes, and are cutting routes dramatically with no increase in capacity elsewhere
Also looking to short airline maitence companies, the food suppliers specific to flight food, and fuel refineries/storage those two airlines use, and retail stores with large exposure to airpor``` that only see US/Canada travel.
But going long on regional air craft hangers since their smaller flee are used the most for US/Canada travel, while their bigger flee will still be active for the europe/asia flight routes that havn't seen impact on demand.
Would like to hear what everyone thinks about this trade play. Thanks!
Source for numbers used
-
[
https://www.ustravel.org/press/potential-resul-decline-canadian-travel-united-states](`https`://www.ustravel.org/press/potential-resul-decline-canadian-travel-united-states) -
https://www.nytimes.com/2025/03/28/world/canada/air-canada-fligh-sea-us.html -
https://financialpost.com/news/canadian-us-shopping-trips-dwindle -
https://www.discovercars.com/blog/us-travel-tourism-statistics -
https://globalnews.ca/news/11080371/canadian-woman-detained-ice-example-immigration-border/ -
https://www.express.co.uk/news/world/2028592/us-tourism-suffer-billion-drop-donald-trump -
[
https://www.bloomberg.com/news/articles/2025-04-01/european-touris-start-avoiding-the-us-as-unknown-territory](`https`://www.bloomberg.com/news/articles/2025-04-01/european-touris-start-avoiding-the-us-as-unknown-territory)
### 討論
**評論 1**:
I'm sure the administration has thought through this thoroughly /s
**評論 2**:
Its not just boycot```. Many countries are issuing travel advisories against the US because people are getting detained by ICE. Its the stupidest shit. Why do we have a clown at the head of the government?
**評論 3**:
United is down 30% this past month. Aren't you late to the party?
**評論 4**:
Wow!
Even free trip with food included to El Salvador didnt help?
**評論 5**:
Its not very hard to make that call as an ou```ider looking in. Even us in this country see the real problem. Unfortunate for all those affected by this situation. Hopefully people start to wake up. Praying for us all.
---
## 2. ```
4 Republican senators break from party to pass new Democrat resolution to reverse US tariffs on Canada - decision to happen today
``` {#2-```
4-republican-senators-break-from-party-to-pa}
這篇文章的核心討論主題是：
**美國參議院可能通過一項決議，撤銷對加拿大進口商品的關稅，以及此政策變動對特定加拿大股票和ETF（如XIC、EWC、NTR、MG）的潛在影響**。
具體要點包括：
1. **政策背景**：民主黨與部分共和黨議員合作推動關稅撤銷，並列出關鍵支持者（如參議員Tim Kaine、Rand Paul等）。
2. **市場關聯性**：分析關稅撤銷將如何直接影響加拿大企業（如Nutrien、Magna）及相關ETF的經濟前景。
3. **爭議與動機**：作者澄清內容非政治立場，僅聚焦政策變動對投資的影響，同時質疑論壇審查機制（如r-stocks刪帖爭議）。
整體而言，文章旨在提供一項即時財經政策更新，並連結其對具體投資標的的潛在衝擊。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/](https://reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/](https://www.reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/)
- **發布時間**: 2025-04-02 23:13:16
### 內容
Edit: Pos``` mentioning how Trump's economic policies impact, well... the economy and stocks, are being mass removed from r-stocks due to "no stocks being mentioned". I posted the exact same post I did here, there, and outlined both stock names and tickers. Seems like r-stocks mods, don't like hearing about how economy and business is down on the candidate they voted for...
--
What stocks this news impac```
TheSTOCKS and TICKERSthat are impacted by this byeconomic policynews are the following: Canadian ETFs (XIC, EWC) and Canadian companies that would benefit from a tariff reversal (NTR, MG)
These stocks are expected to be impacted because was reported 2 hours ago that there's enough Republicans that have crossed the floor to work with Dems on a tariff removal resolution (just for Canada, not for the Liberation Day international tariffs)
- Democrat Senator Tim Kaine has launched a resolution in the US senate to reverse tariffs on Canadian impor``` to the US. It's co-sponsored by Senators Amy Klobuchar and Rand Paul.
- To pass all Democrat senators need to support it, with support from 4 Republican senators. Mitch McConnell, Lisa Murkowski, and Susan Collins have voiced concerns with tariffs and are expected to support the resolution which would help it pass. Decision was expected either yesterday or today.
Note
- This is not a political post, it makes no comment of if tariffs are good or bad, or if one party is better than the other.
- The only thing this talks about is a new devolpment that enough senators across both parties may pass an economic policy reversal
- This was first reported 2 hours ago, and was not previously posted
- It is relevant to stocks and investing, as the economic outlook for many US/Canada listed stocks will change if tariffs are removed.
Source
https://financialpost.com/news/u-s-senate-vote-challenge-trump-justification-tariffs
[https://truthsocial.com/@realDonaldTrump/pos/114266599439835683](`https`://truthsocial.com/@realDonaldTrump/pos/114266599439835683)
### 討論
**評論 1**:
Just because the senate passes a thing doesn't mean the house will?
**評論 2**:
Resolutions don't mean s*** when they can be ignored
**評論 3**:
Out of all the countries, tariffs on Canada make the less sense. Democra know its not going pass the House. It is a symbolic move to put Republicans on the record regarding tariffs. When prices and inflation increase, Democra can say remember how the GOP voted.
**評論 4**:
Don't get ahead of yourself. Even if it passes, it has to go to the Republican majority held congress. And Trump also maintains a veto.
**評論 5**:
I'm on the same side as Rand Paul? I'm going to need a shower after this
---
## 3. ```
Riding out my first drop without jumping out the window
``` {#3-```
riding-out-my-first-drop-without-jumping-out}
這篇文章的核心討論主題是：**一位年輕投資者（30多歲）在當前經濟不確定性和潛在金融危機的背景下，對自身投資策略與風險承受能力的擔憂與反思**。
具體要點包括：
1. **投資策略的堅持與心理壓力**：
- 作者每月定期定額（DCA）投資4,000美元於標普500指數（VOO），但擔心市場可能大幅下跌或自身遭遇裁員（尤其軟體工程行業不景氣），影響長期計畫（如提前退休）。
- 詢問如何「心理上準備應對市場大跌」並保持策略紀律。
2. **風險評估與資金配置的疑慮**：
- 是否高估自身風險承受能力？是否應將部分收入轉向低風險選項（如貨幣市場基金或現金）以應對潛在危機（如失業或家庭開支增加）。
- 強調個人背景（即將結婚、組建家庭）使風險管理更顯重要。
3. **尋求經驗建議**：
- 希望聽取經歷過經濟衰退的資深投資者意見，以調整策略並平衡「長期投資」與「短期財務安全」。
**總結**：文章聚焦於「在高風險環境下，如何平衡投資紀律、心理韌性與現實財務需求」，並探討資產配置是否需因人生階段變化而調整。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/](https://reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/](https://www.reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/)
- **發布時間**: 2025-04-02 04:37:39
### 內容
Young investor here (30s) and cautiously watching all this play out.
Im currently DCAing $4,000 a month into VOO and have been since the greatest bull run in history post COVID. Sitting with about $95k total in my portfolio with an emergency fund that can last me a year or two unemployed in cash.
As someone who has never lived through a financial crisis Im getting concerned about such a heavy investment of my take home (4k out of $7k a month) with possibility of layoffs. Im a software engineer and the market is rough as hell from what Ive heard anecdotally.
My play currently is to keep the $4k a month DCA into the S&P and sing god bless America the whole way down hoping for an early retirement after the show is over and hold onto my butt that my company doesnt go out of business or do layoffs.
How do you mentally prepare for big drops and stay steady with your strategy?
Am I overestimating my risk tolerance and should shove some of the income into a money market or hard cash or hang on?
Advice from older people who have been through hard times appreciated, Im getting married in a few weeks and planning to start a family
### 討論
**評論 1**:
Thats what an emergency fund of for, in case you lose your job
**評論 2**:
Ask yourself honestly if the market drops another 20% from here, can you stomach the drop and keep, or better yet, increase your exposure? Actually calculate what your portfolio would drop to in that scenario and mentally think about it. If the answer is yes, keep doing what you're doing. If you can't, you might need to allocate some to risk free asse```.
**評論 3**:
[deleted]
**評論 4**:
And sing god bless America the whole way down and hold onto my butt
Hahahah you are great OP and I wish you lo``` of financial success for making me laugh today
**評論 5**:
You think THIS is a drop?
Buckle up buttercup.....
---
## 4. ```
ALLW - Bridgewater released an ETF version of All Weather last month with State Street
``` {#4-```
allw-bridgewater-released-an-etf-version-of-}
上述文章的核心討論主題是 **「SPDR Bridgewater All Weather ETF (ALLW) 的投資策略與資產配置方法」**，具體聚焦於以下幾點：
1. **Bridgewater 的「All Weather」策略**
- 該策略旨在透過「環境平衡」（environmental balance）的資產配置，在不同經濟環境（如通脹上升/下降、經濟增長/衰退）中實現穩健回報。
- 核心邏輯是根據資產現金流的結構性特徵，分散配置對經濟驅動因素（增長與通脹）敏感度相反的資產，以抵消單一風險。
2. **ETF 的運作機制**
- Bridgewater 提供每日模型組合給 SSGA（基金發行方），基於其專有的 All Weather 方法，SSGA 據此執行交易。
- 策略不依賴戰術性擇時，而是通過長期風險平衡調整配置（目標年化波動率 10%-12%）。
3. **當前資產配置明細**
- 以全球名義債券（71.37%）、通脹掛鉤債券（32.42%）、全球股票（41.70%）和商品期貨（36.67%）為主，細分標的涵蓋多國主權債、美股/歐股/新興市場股票、貴金屬及能源等。
- 配置權重反映對經濟環境的對沖（如通脹債券與商品抗通脹，名義債券抗衰退）。
4. **費用與市場定位**
- 費用率 0.85%，屬於主動管理型 ETF，提供散戶接觸 Bridgewater 旗艦風險平價策略的途徑。
**總結**：文章深入解析 ALLW ETF 背後的風險平價哲學與實際操作，強調其「全天候」特性與跨資產風險分散的設計邏輯。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/](https://reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/](https://www.reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/)
- **發布時間**: 2025-04-02 04:14:33
### 內容
https://www.ssga.com/us/en/intermediary/etfs/spdr-bridgewater-all-weather-etf-allw
https://www.sec.gov/Archives/edgar/data/1516212/000119312524261064/d824091d485apos.htm
https://www.reddit.com/r/LETFs/commen```/1j7zn82/allw_new_leveraged_all_weatherrisk_parity_etf/
0.85% expense ratio
>Bridgewater provides a daily model portfolio to SSGA FM based on Bridgewater's proprietary All Weather asset allocation approach. The model portfolio is specific to the Fund. Based on Bridgewater's investment recommendations, SSGA FM purchases and sells securities and/or instrumen``` for the Fund.
>
>Bridgewater's proprietary strategy is an approach to strategic asset allocation that is designed with the goal of generating consistent returns across different economic environmen```. Bridgewater believes that asset classes have different structural sensitivities to economic conditions that can be logically understood because they are rooted in the characteristics of the asset's cash flows, and that this understanding can be used to structure a portfolio that is diversified to what Bridgewater believes are the most important fundamental macro drivers of asset returns: growth and inflation.
>
>For example, allocating to asse that Bridgewater believes will likely outperform in rising growth (e.g., equities and commodities) alongside asse it believes will likely outperform in falling growth (e.g., fixed-rate and inflation-linked government debt) can create a portfolio that collec the market risk premium with no fundamental sensitivity to growth conditions. Similarly, allocating to asse that Bridgewater believes will likely outperform in rising inflation (e.g., commodities and inflation-linked debt) alongside asse it believes will likely outperform in low or stable inflation (e.g., fixed-rate government debt and equities) can create a portfolio that collec the market risk premium with no fundamental sensitivity to inflation. Bridgewater refers to this approach to portfolio diversification as environmental balance.
>
>Bridgewater does not vary the weigh of investmen in the model portfolio based on any tactical view of how particular investmen will perform, but rather attemp to balance the risk of the model portfolio based on i understanding of the relationship between asset classes and economic environmen. Bridgewater may, however, vary the allocations across and within asset classes based on i assessment of market conditions and evolutions in i understanding of how to best achieve balance to growth and inflation. The model portfolio typically targe``` an annualized volatility level for the portfolio ranging between 10%-12%.
Current Allocation:
Global Nominal Bonds (all futures): 71.37%
- 30.7% US 10yr
- 20.0% Australia 10yr
- 20.0% German Bund 10yr
- 16.1% US Long
- 9.8% UK Gilt 10yr
- 3.3% Canada 10yr
Inflation Linked Bonds: 32.42%
- 100% US TIPS
Global Equities: 41.70%
- 35.5% US (SPLG)
- 25.0% Europe (STOXX 50 futures)
- 12.4% Japan (Topix futures)
- 10.0% China (GXC, SPEM)
- 9.7% Australia (SPI 200 futures)
- 7.5% Emerging Marke``` ex China (SPEM)
Commodities (all futures): 36.67%
- 48.2% Precious metals
- 19.2% Energy
- 9.6% Industrial metals
- 4.9% Sof```
- 3.4% Livestock
### 討論
**評論 1**:
Damn, that's almost as expensive as giving my money to Morgan Stanely, but in a single ETF.
And the expense ratio also doesn't include the interest riskborrowing cos```, right?
**評論 2**:
What does ALLW means?
---
## 5. ```
Massive Spikes in Individual Stocks?
``` {#5-```
massive-spikes-in-individual-stocks-
```}
這段文字的核心討論主題是：**股票市場中異常波動（如極端價格波動或圖表上的虛假高點）的成因及潛在的獲利機會**。具體包含以下重點：
1. **異常價格波動現象**：
以個股LAC為例，提及盤中出現極端波動（如±50%），但實際成交價可能未觸及圖表顯示的高點，質疑此類「虛假價格」的成因。
2. **技術性成因探討**：
可能涉及市場機制（如流動性不足、報價錯誤）、交易系統問題（如延遲報價或數據錯誤），或人為操作（如試盤訂單或高頻交易干擾）。
3. **潛在交易策略**：
討論是否可透過識別此類波動模式（例如短線套利或反向操作）獲利，但需釐清風險（如流動性風險或數據可信度）。
4. **數據可信度質疑**：
對金融圖表數據準確性的疑問，反映散戶對市場透明度與資訊真實性的關注。
總結：作者聚焦於「異常波動的根源分析」與「實戰應用可能性」，屬於市場微觀結構與交易策略的探討。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/](https://reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/](https://www.reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/)
- **發布時間**: 2025-04-02 06:16:40
### 內容
Every once and a while I will see super volatile char``` with +- 50% fluctuations like LAC today. https://www.google.com/finance/quote/LAC:NYSE?hl=en The high price never seems to actually exist but it shows up on the chart. I was wondering what causes these spikes and if there is some way to take advantage of them.
### 討論
**評論 1**:
Dont know why the spike, but you could just put in a sell order for extended hours, good till cancelled, which I think is good for a year on Schwab. Assuming you own the stock.
I researched that stock, Lithium Americas, and it made me nervous, being just one specific project, as I recall.
**評論 2**:
Usually what you are seeing is OTC trades but in the link you posted it looks like quant
---
## 6. ```
General question for those of you that believe in Bitcoin: what % of your portfolio is in btc? How do you keep yourself grounded in reality investing for normal returns after noticing the meteoric returns from crypto over the last 5 years for example?
``` {#6-```
general-question-for-those-of-you-that-belie}
這段文字的核心討論主題是：
**如何在投資中平衡對高風險高回報（如加密貨幣）的渴望與傳統投資的穩定回報，並克服貪婪心理。**
具體要點包括：
1. **投資熱情下降**：作者對傳統投資的興趣減弱，轉而關注潛在高回報的加密貨幣。
2. **長期信念與報酬取捨**：若相信加密貨幣會因普及而暴漲，如何說服自己接受傳統投資的較低回報？
3. **貪婪的管理**：尋求建議以處理對高風險高回報的貪念，維持理性的投資策略。
整體圍繞「風險偏好、心理調適與資產配置」之間的矛盾與抉擇。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/](https://reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/](https://www.reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/)
- **發布時間**: 2025-04-02 23:11:51
### 內容
I ask this question after having noticed a slight decrease in my enthusiasm for normal investmen``` over the last few months.
I understand the principle of diversification and that crypto is categorized as an aggressive asset. However if you believe in the next 5- 10 years that i general adoption will cause another meteoric rise in i value, how do you be satisfied with a normal return?
Seeking some advice how you deal with greed
### 討論
**評論 1**:
10%
I dont really believe one way or another. As far as Im concerned its diversification in an asset that stocks dont really touch right now, and I have the risk tolerance to allow it to be a sizable chunk.
**評論 2**:
60% allows me to sleep ha. Been in it forever though and my cost basis is low so swings dont affect me. First 4 years are hell, after that, smooth sailing.
**評論 3**:
10% in IBIT. Although I do some repositioning depending on market conditions, IBIT is always 10%
**評論 4**:
25% as of today.
**評論 5**:
3% in crypto, though I wouldnt say that I believe in it.
---
## 7. ```
Daily General Discussion and Advice Thread - April 02, 2025
``` {#7-```
daily-general-discussion-and-advice-thread-a}
這篇文章的核心討論主題是：**引導新用戶在投資相關討論區（如Reddit的r/investing版塊）如何有效提問或參與討論**，並提供相關資源與規範建議。具體重點包括：
1. **鼓勵互動**：開放一般問題、評論或有趣事實的分享，降低發文門檻。
2. **資源導向**：
- 強調查閱FAQ、側邊欄資訊及維基指南（如「新手入門」、「閱讀書單」、「媒體推薦」）。
- 提供結構化提問框架（如個人財務狀況、投資目標、風險承受度等），以獲得更有價值的回饋。
3. **免責聲明**：提醒用戶網路意見僅供參考，建議諮詢專業投資顧問。
整體旨在建立一個**友善且資訊透明**的投資討論環境，同時教育用戶如何高效利用現有資源。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/](https://reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/](https://www.reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/)
- **發布時間**: 2025-04-02 17:01:33
### 內容
Have a general question? Want to offer some commentary on marke```? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here!
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq
And our side bar also has useful resources.
If you are new to investing - please refer to Wiki - Getting Started
The reading list in the wiki has a list of books ranging from light reading to advanced topics depending on your knowledge level. Link here - Reading List
The media list in the wiki has a list of reputable podcas and videos - [Podcas and Videos](https://www.reddit.com/r/investing/wiki/medialist)
If your question is "I have $XXXXXXX, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
-
How old are you? What country do you live in?
-
Are you employed/making income? How much?
-
What are your objectives with this money? (Buy a house? Retirement savings?)
-
What is your time horizon? Do you need this money next month? Next 20yrs?
-
What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know i``` 100% safe?)
-
What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other asse```?)
-
Any big deb``` (include interest rate) or expenses?
-
And any other relevant financial information will be useful to give you a proper answer.
Check the resources in the sidebar.
Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered investment adviser if you need professional support before making any financial decisions!
### 討論
**評論 1**:
I'm 31, make about 60k a year. No kids. I have about 12k in a Schwab IRA account. I'm completely ignorant on how to invest. What should I do with this money? I want it to go towards retirement.
**評論 2**:
Im 27 years old from the US. Working full time at a local hospital. I just want my money to grow for retirement is the main objective. I have a rollover IRA from my previous job where I had a 403b while working there. I really am such a beginner when it comes to these things so I need some advice/help. Should I roll it over into my current 403b or leave it as is? Please be nice
**評論 3**:
28m I recently started a new job so I rolled over my 401k from the previous job into an IRA. I was hoping someone could help me with allocating. What % should go to ETFs and what should go to stocks? And what are some of your favorite ETFs
**評論 4**:
Hi! My husband and I have some disposable income left at the end of the month. We already invest some (401ks, Roth) and save some in a HYSA. With all the uncertainty should we be buying gold funds or bitcoin or cds or bonds or..? And maybe just an in general question of how diverse should your portfolio really be?
**評論 5**:
Hi,
Just sold my house and want to park the proceeds for a bit until uncertainty passes and I can figure out where to put it to work. Do not have an immediate need for liquidity, would like flexibility to move when things improve.
Where would you park proceeds for a couple of months for the highest yield and least exposure?
Appreciate this group's wisdom.
---
## 8. ```
Cheaper Alternatives to Seeking Alpha Factor Grades?
``` {#8-```
cheaper-alternatives-to-seeking-alpha-factor}
這段文章的核心討論主題是：
**「尋找能提供快速、簡潔的股票基本面評分（如估值、成長性、盈利能力等）且價格合理的分析工具」**，並比較現有平台（如Seeking Alpha、Stock Rover等）的優缺點，以搭配技術分析工具（如TradingView）使用。
具體重點包括：
1. **需求明確**：作者偏好「快速獲取股票評分」（如Seeking Alpha的Factor Grades），而非深入財報分析或社群內容。
2. **工具比較**：提及多款工具（Stock Rover、GuruFocus等）的體驗，批評部分平台過於冗贅或與TradingView功能重複。
3. **尋求替代方案**：徵求其他符合「簡潔、平價、易用」條件的評分工具推薦。
關鍵字：**股票評分工具、基本面分析、效率導向、TradingView輔助**。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/](https://reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/](https://www.reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/)
- **發布時間**: 2025-04-02 22:41:23
### 內容
I mainly use Seeking Alpha for the Factor Grades (Valuation, Growth, Profitability, Momentum, Revisions) super useful for quick stock analysis without digging through financials.
I dont care about the articles or community just want fast, clean fundamentals + scoring to pair with TradingView for char```.
So far I've tried:
-
Stock Rover
-
GuruFocus
-
Finbox
-
Koyfin not a fan, too cluttered and redundant with TradingView
Anyone know other tools with quick stock grades/scores that are affordable and easy to use?
### 討論
**評論 1**:
The fees you pay for each of these are nothing compared to what you lose by investing in this way.
But they don't care if they make you 100k poorer at retirement, they made their 10 bucks a month or whatever.
**評論 2**:
A pair of dice.
**評論 3**:
Are there not repor``` available with whatever brokerage you use?
---
## 9. ```
Stock market or property investmen```, and why?
``` {#9-```
stock-market-or-property-investmen```-and-wh}
這篇文章的核心討論主題是「投資股票市場與房地產（買房出租或轉售）的比較」，主要圍繞以下幾點：
1. **潛在收益比較**：作者認為房地產在5-10年內通過增值和累積權益可能比股票（如指數基金）帶來更高回報。
2. **投入精力差異**：房地產需要更多主動管理（如買賣、維護等），而股票（尤其是被動型指數基金）則相對省時省力。
3. **投資選擇的權衡**：探討在「高收益但高勞力」與「低勞力但可能較低收益」之間的取捨。
總結來說，文章聚焦於兩種投資方式的「報酬與付出」的對比，並引發讀者思考哪種更適合自身需求。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/](https://reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/](https://www.reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/)
- **發布時間**: 2025-04-02 05:03:29
### 內容
Would you rather invest in the stock market or in property (buy to ) and why?
I'm comparing numbers and realising property can make more money if someone buys and then sells in 5-10 years, with the equity built.
On the other hand, it's way much more work than putting money in an index fund.
Though```?
### 討論
**評論 1**:
I would rather work 50 hours a week and get 200k ish a year in wages, benefi```, 401k match, etc than spending my time renting properties and maintaining them. I will just take my extra wages and put them in the stock market
**評論 2**:
Why not both?
**評論 3**:
I own a restaurant and 2 Airbnbs.
The income from the real property and business gives you a huge sense of security and allows you to take more risks in the stock market without excessive worry or crying when blowing your account up on r/wallstreetbe```.
Yes its much more work, but the tax advantages of being able to depreciate property over 27.5 or 39 years does make up for some the extra income you bring in, as a bonus to the security and stability it provides versus stock asse```.
I would advocate to own 1-2 investment rental properties and also own stocks. Its the best of both worlds. If stocks underperform, no worries. Your rental income has your back. If your stocks outperform, great!
**評論 4**:
Remember that with real estate you're provided the standard depreciation deduction - divide your purchase price by 27.5 - which offse``` much/most/all of the rent. So even deals that look like break even or marginally worth it, can generate tax free income, and you keep all the appreciation over time. I've sold many properties and the recapture is never as painful as I feared, my accountant is pretty good at keeping my taxes extremely low with real estate. Whereas with any stock investment, you're gonna get a 1099 and pay tax on every penny. It's also virtually impossible to buy stocks at a discount or BRRR them, they're always priced as accurately as all known information, whereas real estate deals can def be had below market.
**評論 5**:
Please tell me you're talking about REITs v. SP500. Otherwise, stock market.
---
## 10. ```
When you invest your money into a fund, where does it initially (literally) go?
``` {#10-```
when-you-invest-your-money-into-a-fund-wher}
這篇文章的核心討論主題是：**投資於私募基金、對沖基金、指數基金、ETF、共同基金等各類基金時，資金如何實際流動（數位或物理形式）以及具體的投資操作流程**。
具體問題聚焦於：
1. **資金的轉移方式**（如支票、電匯等）——投資者的錢如何從個人帳戶轉入基金帳戶。
2. **資金的管理與運用**——基金經理如何將投資者的資金集中（pool）並進行後續投資。
作者強調這是一個基礎的「機制/物流」（mechanics/logistics）問題，目的是理解行業運作原理，而非實際投資建議。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/](https://reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/](https://www.reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/)
- **發布時間**: 2025-04-02 23:50:35
### 內容
Can someone help me understand the basic mechanics/logistics of investing in a private equity fund, hedge fund, index fund, ETF, mutual fund, or other fund? I want to understand just to have a grasp of the industry, not because I am currently looking to invest in a fund with my own money. Specifically, my question is below.
Where does your money literally, physically (well, digitally) go once you invest in a fund? Do you write a check, or send a wire transfer, from your checking account to the fund's checking account, for the fund managers to pool from when they make investmen```?
### 討論
**評論 1**:
Usually the money is sitting in your brokerage account . It also depends on the fund
With an ETF what trades like a stock, you just buy a share from someone else. The exchange/brokerage facilitates this. So the money simply goes from your brokerage account to someone else brokerage account who sold you the share.
If i a MF once again you usually do this with your brokerage , your brokerage will send the cash to the fund and the fund manager ge the cash and decides what to do with it.
So usually you just transfer money to a brokerage then the brokerage takes care of sending it to where ever.
I guess I have not investing in a hedge fund, you might have to wire them money or a check
**評論 2**:
Lets say you put money into Reddit Investment ETF.
- Reddit Investment Advisor LLC (RIA) receives your cash
- they direct your cash to a CUSTODIAN BANK (StateStreet bank, BNY Mellon, etc)
- then your cash goes into the share creation process and your cash is converted to 1 share of RI ETF. That share is recorded at CUSTODIAN BANK.
The whole point is the investment decision matter does not and never should be holding your money in an account that is controlled by the investment company. This is to prevent shit like Maddoff or FTX happening.
**評論 3**:
Private equity is just a means to invest in private companies for one reason or another. Companies on stock exchanges are publicly listed. Therefore not private equity. Although, there may be ETFs that give you a an option to buy into private equity. But thats generally done ouide of the marke entirely. Some mutual funds and hedge funds may have a set up to buy into private equity also in some capacity, but it really all depends.
Mutual funds and hedge funds are ran by some sort of institution that pools i customers money and inves it into what they seem fit. Maybe ETFs, individual stocks, international stocks, maybe even commodities and stuff like gold/silver. It really depends. Hedge funds are typically oriented towards high net worth people, though. You give them money, and they invest it for you. And charge X amount of fees along the way basically.
When it comes to buying stocks and ETFs themselves, whatever brokerage you have/open is basically just a middle man. They offer the market to you, and when you decide to buy, they market make that order for you, and afterward they credit that equity to your account and custody it for you. They themselves do not own it. Kind of like a bank for equities of sor. At that point after buying there is no money. You used money to buy an equity/asset. And its subject to whatever the current market value is. Similar to you buying a bar of gold. The money was used to buy an asset. And is now valued on i market value. Brokerages arent like mutual funds or hedge funds. They dont invest anything for you. They just give the market tools to you. Some may offer management services, though.
The large majority of people are better off investing into lower cost ETFs that track the major American/international indexes. Mutual funds and other money managers are a waste of your ask me. They typically underperform the broad marke``` and just hit you with management fees. You need to consider whether or not you want a taxable account or a tax advantaged one too.
**評論 4**:
Server in Toledo.
---
## 11. ```
Types of bonds to invest in? BND broken out?
``` {#11-```
types-of-bonds-to-invest-in-bnd-broken-out-}
這段討論的核心主題可以總結為以下幾點：
1. **BND（Vanguard Total Bond Market ETF）的組成分析**
提問者想知道BND如何像VTI（股票市場ETF）一樣被細分，例如其包含的債券類型（政府債、公司債等）及期限（短期、中期、長期）的具體比例。
2. **債券ETF的多元化配置建議**
討論除了BND之外，還有哪些債券ETF值得納入投資組合（例如短期、長期、公司債、國庫券等），並探討若配置1-5檔債券ETF，應如何選擇及其理由（如風險分散、利率對沖等）。
3. **債券的對沖功能與時機差異**
提問者進一步思考不同類型債券是否在不同經濟環境下（如利率變動、市場波動）具有差異化的避險效果，類似於股票投資中的因子傾斜（factor tilting）策略。
**總結**：核心問題圍繞「債券ETF的細分結構」與「多元化債券配置策略」，並探討其在不同市場條件下的對沖效用。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/](https://reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/](https://www.reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/)
- **發布時間**: 2025-04-02 22:28:27
### 內容
How is the BND broken out? What I mean is VTI is similar to 80% S&P500 and remainder is small/medium caps, how is BND broken out?
What types of bond portfolios are there besides BND that is recommended? I know there's anywhere from short term to long term, corporate, T Bills, etc. But if someone was to have anywhere from 1-5 bond ETFs what would they be and why?
People do something similar for equities for til```. The basis for this is I wonder if different bonds hedge differently at different times.
### 討論
**評論 1**:
BND is almost 70% in US Govt securities and then pretty much AAA, A, BBB corporate bonds. The corporates give a bit more yield but are far less useful to balance stocks since corporate bonds often have a call provision if rates drop/prices rise significantly. Calls allow a bond issuer to pay off the principal and issue new debt at the new lower rate (something similar happens to mortgage backed bonds btw as homeowners refinance). Treasuries dont have that problem except one special case in the late 1970s. Still BND has mostly Treasuries so its useful, just not as useful as a pure Treasury fund if rebalancing is your goal.
Some core bond ETFs like iShares IUSB also contain a bit high yield bonds which even give more yield vs more defaul```.
Then you have to look at average maturity and duration. Longer bonds are more sensitive to interest rate changes, which can be bad or good depending on how you use them.
**評論 2**:
> What types of bond portfolios are there besides BND that is recommended?
It depends on your goals and your specific situation. Also depends on if you're talking about a taxable account or tax-advantaged.
Depending on your income level, you might find that municipal bonds are a better choice than (federally) taxable bonds.
If your goal is to have a very steady principal amount, like for a short-term holding, short-term government bonds (SGOV) or municipals (JMST) could be a good choice.
Long-duration bonds could be a hedge against falling interest rates. E.g. if you thought there was the possibility of recession and that interest rates would be cut, that principal amount would increase in a downturn.
TIPS exist to hedge against inflation.
All just tools in the investing toolbox; best use depends on your goals.
**評論 3**:
BbBarc Aggregate bond index does not include:
- Under 1yr treasurys (SHV)
- Under 1yr corporate / commercial paper (JPST)
- Floating rate (FLOT)
- Inflation linkers (SCHP)
- Municipal bonds (VTEB)
- High yield bonds (HYLB)
- Foreign bonds (BNDX)
- EM bonds (EMAG)
- Foreign linkers (IGIL)
- CMBS (CMBS)
- Syndicated loans (SRLN)
- Preferred stock (PFF)
- Convertibles (ICVT)
- Catastrophe bonds
**評論 4**:
Have you even looked at the performance of BND? When has it not lost money?
Buy bonds of you want income. Buy BND if you want to lose money
---
## 12. ```
Mutual Fund Investing - Optimal Strategy for Young-ish Investor Concerned with Future Tax Impac``` of Growing Dividends
``` {#12-```
mutual-fund-investing-optimal-strategy-for-}
這篇文章的核心討論主題是：**投資組合的重新配置與稅務考量**，特別針對一位30多歲的投資者在個人投資帳戶中如何調整共同基金的配置比例，以平衡成長型投資與股息收益型投資，並減少稅務負擔。
具體重點包括：
1. **投資策略調整**：
- 作者原本的投資組合偏重股息型基金（如VDADX、VHYAX），但考慮到年齡（30多歲）與長期成長潛力，計劃增加成長型基金（如VIGAX、VFIAX）的比例，減少股息型基金的配置。
- 提出新的配置比例（VIGAX 47.5%、VFIAX 45%、VHYAX 7.5%、VDADX 0%），並考慮隨年齡增長逐步提高股息型基金的比重。
2. **稅務考量**：
- 股息收入（每年約$2,000）帶來稅務負擔，促使作者重新評估配置，以減少應稅股息收入。
- 討論是否過度關注股息與稅務問題，以及成長型股票（如VIGAX）是否更適合年輕投資者。
3. **風險與年齡的適配性**：
- 詢問當前策略（偏重成長型基金）是否適合30多歲且能承受市場波動的投資者。
- 探討「年輕時側重成長，中年後增加股息」的傳統建議是否合理。
總結來說，文章聚焦於**如何在長期財富增長與稅務效率之間取得平衡**，並根據個人年齡與風險承受能力調整投資組合。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jprsqj/mutual_fund_investing_optimal_strategy_for/](https://reddit.com/r/investing/comments/1jprsqj/mutual_fund_investing_optimal_strategy_for/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jprsqj/mutual_fund_investing_optimal_strategy_for/](https://www.reddit.com/r/investing/comments/1jprsqj/mutual_fund_investing_optimal_strategy_for/)
- **發布時間**: 2025-04-02 23:43:59
### 內容
I keep track of my mutual fund contributions and dividends received and tax time had me rethinking my investment strategy.
For context, I am in my early 30s and I have a separate retirement account(Roth 401k) and Roth IRA. This inquiry pertains to my personal individual investing account with Vanguard.
My current holdings in that account are in:
-
VFIAX - Vanguard 500 Index
-
VIGAX - Vanguard Growth Index
-
VDADX - Vanguard Dividend Appreciation Index
-
VHYAX - Vanguard High Yield Index
For the first few years, I contributed the following percentage of my total contribution to each fund:
-
VFIAX 30%
-
VIGAX 40%
-
VDADX 18%
-
VHYAX 12%
In 2024, I received just shy of $2k in dividends from these funds which made me want to rethink my strategy as the tax burden would become larger and larger annually if these contributions were kept the same. Given that 70/30 growth to dividend contribution ratio seemed a little heavy on the dividend side given my age, I was thinking of rebalancing the contributions in the following manner:
-
VIGAX 47.5%
-
VFIAX 45%
-
VHYAX 7.5%
-
VDADX 0%
My thinking is to get heavier into growth given my age and up the VHYAX percentage in my 40s, then again in my 50s, etc. The VDADX seemed a little out of place as I can maintain dividends with VHYAX and growth with VIGAX/VFIAX.
My questions would be:
-
Does this seem like a reasonable approach for someone in their early 30s with an adequate risk tolerance to market downturns?
-
Am I too concerned with dividends and tax burdens, or is this why people preach to invest in growth stocks early? This is an account where there will be annual tax impac``` and I am now starting to get dividends large enough to notice the impact.
Any input is appreciated!
### 討論
無討論內容
---
## 13. ```
Question on how dividends affect total return in a Roth IRA.
``` {#13-```
question-on-how-dividends-affect-total-retu}
這段文章的核心討論主題是：
**在免稅的Roth IRA帳戶中，選擇高股息ETF（如VTI）與高成長但低股息ETF（如SPMO或VGT）的比較，重點探討股息再投資（尤其在市場下跌時買入更便宜股份）對長期總回報的影響，並分析這種策略是否具有顯著優勢。**
具體要點包括：
1. **股息再投資的潛在好處**：市場下跌時，股息可買入更多低價股份，可能提升長期回報。
2. **與高成長ETF的取捨**：高股息ETF（如VTI）的穩定收益 vs. 高成長ETF（如VGT）的資本增值潛力。
3. **稅務環境的影響**：因在Roth IRA中無稅務顧慮，股息再投資的效益是否更突出？
4. **避免極端策略**：排除高風險股息追逐（如JEPQ），聚焦主流指數型ETF的比較。
最終問題在於：**這種股息再投資的優勢，是否足以彌補潛在的成長性差距？**
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/](https://reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/](https://www.reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/)
- **發布時間**: 2025-04-02 22:42:17
### 內容
One of the benefi``` to dividends seems to be that even if I max out my Roth on January 1, if the market goes down, my reinvested dividends buy me cheaper shares throughout the year. How important is this to total return in a Roth (no tax implications) vs. holding funds that possibly have higher growth? Is there a significant benefit or does it not matter much? Im not talking about dividend chasing with something like JEPQ. But VTI vs. something like SPMO or VGT that have better recent performance, but lower dividend yield.
### 討論
**評論 1**:
It really does not matter, total return does. Total return is price appreciation + Dividends
If stock A over the last year had price appreciation of 4% and pays out a 4% dividend i``` total return is 8%
If stock B has price appreciation of 8% and 0 dividend i``` total return is 8%
If stock C had price appreciation of 0 but paid out a 8% dividend i``` total return is 8%
8%=8%=8%
Like a dollar is a dollar, it really does not matter if the dollar is returned in the form of dividends or price appreciation , the appeal of dividends is mostly physiological
---
## 14. ```
Father passed, Thrift Savings Plan non-spouse beneficiary question
``` {#14-```
father-passed-thrift-savings-plan-non-spous}
這篇文章的核心討論主題是：**在繼承Thrift Savings Plan (TSP) 受益人帳戶後，如何權衡「提前支取資金以清償債務」與「傳統滾存至IRA以維持退休儲蓄」之間的抉擇**。
具體要點包括：
1. **財務背景**：當事人年近50歲，收入較高，已最大化401(k)和Roth IRA供款，繼承約5萬美元的TSP帳戶（G基金與C基金組合）。
2. **決策困境**：
- **選項一**：提前支取資金（需繳納罰金與稅金）以清償非房貸債務，換取「無債」的心理安全感，尤其考慮當前經濟不確定性。
- **選項二**：依傳統做法將資金滾存至Vanguard IRA，保留退休儲蓄的長期增長潛力。
3. **求助動機**：尋求有類似經驗者的建議，以評估兩種選擇的利弊。
**關鍵矛盾**：短期財務壓力（債務）與長期退休規劃之間的取捨，並涉及心理因素（如「無債」的安心感）與經濟環境的影響。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/](https://reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/](https://www.reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/)
- **發布時間**: 2025-04-02 22:50:51
### 內容
My father recently passed, and Ive received the letter confirming the Thrift Savings Plan (TSP - US government) beneficiary participant account has been set up. Im now within the 90-day window to make a decision.
My portion is about $50K, allocated 44% in the G Fund and 56% in the C Fund.
Im in my late 40s, earn in the upper $100Ks annually, and Im currently maxing out my 401(k) and Roth IRA contributions each year. If I cashed this out (even after penalty and taxes), I could eliminate all my debtaside from my mortgage. Thats very tempting, especially given the current political and economic uncertainty.
Rolling the funds over to my Vanguard IRA is the traditional route, but the idea of being debt-free (except for the house) brings a lot of peace of mind.
Anyone else faced this kind of decision? Id really appreciate your though``` and experiences.
### 討論
**評論 1**:
You cant roll it into your own IRA. Youd have to set up a beneficiary IRA and empty the account within 10 years. And I believe the IRS actually recently published guidance that says you are suppose to take money out every year.
**評論 2**:
your Dad deferred taxes, the IRS wan``` their money.
You cannot roll it into your IRA unless you cash it out, pay the taxes, then contribute $7000 per year until it is used up. $50,000 extra in income might not allow you to contribute to your Roth IRA either because your MAGI will probably be over $150,000.
You could get the cash, open a traditional IRA, contribute $7000(any income can open a trad IRA), then back door convert it to your Roth. Still, you could only do $7000 this year.
The G Fund is just invested in treasuries and is like an HYSA, 10 year annual return has been 2.59%.
Being debt free is nice. Paying the tax now, paying your deb```, then having money leftover is nice.
You do you.
what I would do
Cash it out, Pay the taxes. Pay off deb``` for peace of mind, convert what is leftover via a back door Roth.
**評論 3**:
"If I cashed this out (even after penalty and taxes)"
There is no penalty.
Why not split it, and take some in this tax year and some in next?
---
## 15. ```
First-time investor, VUAA and VWRA
``` {#15-```
first-time-investor-vuaa-and-vwra
```}
這篇文章的核心討論主題是：
**「新手投資者選擇愛爾蘭註冊的ETF（VUAA和VWRA）進行美元投資的合理性與稅務優勢」**
具體要點包括：
1. **投資組合配置**：
- 計劃投入3,000美元，分配為2,000美元至VUAA（追蹤標普500的ETF），1,000美元至VWRA（全球股票市場ETF）以分散風險。
2. **稅務優化考量**：
- 作為非歐盟、非美國公民，選擇愛爾蘭註冊的ETF（如VUAA和VWRA）以享受15%股息預扣稅的優惠（相較於美國ETF的30%）。
3. **操作細節確認**：
- 使用XTB券商，並以美元進行交易。
- 詢問所選ETF（VUAA和VWRA）是否合適，附上連結尋求驗證。
總結：作者主要關注「如何透過正確的ETF選擇與稅務規劃，優化首次投資的配置」，並尋求社群對其策略的認可或建議。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/](https://reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/](https://www.reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/)
- **發布時間**: 2025-04-02 21:01:41
### 內容
I'm investing for the first time and would like to make sure I'm doing everything right.
I plan to invest 3k USD total. 2k in VUAA 1k in VWRA for some global exposure.
My broker is XTB, and I want to do all the purchases in USD.
I'm a non-EU and non-american citizen, so I'm looking to take advantage of Irish-domiciled ETF's for the 15% withholding tax.
Are these the correct ETF's I should buy into?:
### 討論
**評論 1**:
Tickers are correct. If I may ask, is there a specific reason you want to overweight the US market?
**評論 2**:
Hi, we live in very uncertain times. You would mainly invest in the US stock market, while the US economy is weakening and the planned tariffs may further shake the US stock market. Both ETFs you propose are also heavily exposed to the magnificent 7, who are overvalued and might be in for a serious correction.
With all this in mind, I would rather invest in a (global) staples ETF. They will weather the storm better, at least in my opinion. People will always buy food, drinks, tooth paste and toilet paper ;-)
An alternative may be Berkshire Hathaway. Warren Buffet is a wise investor and is sitting on a few hundred billions of cash, ready to re-invest that money when the time is ripe.
I am Belgian, and have sold my SP500 and technology shares several months ago. I moved that part of my portfolio into gold, silver, goldminers and EU treasuries. Mind you, I kept my European investmen```.
---
## 16. ```
which bonds etf for short-term cash?
``` {#16-```
which-bonds-etf-for-short-term-cash-
```}
這篇文章的核心討論主題是：**比較不同低波動性債券ETF（尤其是SGOV、AYEN和SXRH）的優缺點，以選擇適合短期現金存放的標的**。
具體要點包括：
1. **投資目標**：尋找安全性高、波動性低的債券ETF，用於短期資金存放。
2. **主流推薦標的**：SGOV（短期美國國債ETF）常被推薦，但作者希望探索其他可能收益更高的替代方案。
3. **替代選項分析**：
- **AYEN**：聚焦超短期ESG政府債券，目前股息收益率較高。
- **SXRH**：通膨連結債券（TIPS）ETF，可能提供抗通膨特性，但需評估其波動性與流動性。
4. **需求**：希望理解這些替代ETF與SGOV相比的優劣（如風險、收益、流動性等）。
總結：作者的核心問題是透過比較不同債券ETF的特性，找到最符合「低波動、高流動性、潛在收益」需求的標的。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/](https://reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/](https://www.reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/)
- **發布時間**: 2025-04-02 18:09:40
### 內容
So, I'm looking for a secure bonds-etf for storing extra cash that I may need anytime though, so it shouldn't be too volatile. I read a lot about SGOV, that seems to be the most-recommended on here. But I found two alternatives that seem to have higher dividend yields at the moment:
AYEN: iShares Ultrashort Bond ESG UCITS ETF (government bonds)
SXRH: iShares TIPS 0-5 UCITS ETF (inflation-linked)
If someone could explain to me the advantages/disadvantages of these two compared to SGOV, I'd be very thankful!
### 討論
**評論 1**:
SGOV and VUSXX is what I am using... Both State Tax Free too.
**評論 2**:
PULS
**評論 3**:
Ok I probably should clarify: I'm a non-resident US citizen with a Charles Schwab brokerage account in USD. Money market like SWVXX would have been my first choice for this purpose, but apparently they are treated like mutual funds and therefore not available to non-resident clien```...
**評論 4**:
I'm using VUSB. Slightly higher dividend I believe but they are close.
**評論 5**:
Which currency do you have? If not USD, you have FX risk if you buy either of the two funds you mentioned.
---
## 17. ```
403b and market volatility!!
``` {#17-```
403b-and-market-volatility-
```}
这篇文章的核心討論主題是：
**「在高風險股票投資與保守債券投資之間的選擇，特別針對一位41歲、持有高比例股票（約95%）的退休帳戶（403b）擁有者，是否應維持現有策略以追求快速增長，還是轉向更安全的投資（如債券）以應對潛在市場下跌的風險。」**
關鍵點包括：
1. **當前投資配置**：135k退休資金分散在兩個403b帳戶，95%投入高市值股票，反映積極增長導向的策略。
2. **年齡與風險承受力**：41歲的投資者距離傳統退休年齡尚有時間，但需權衡「高回報高風險」與「穩健保值」的選擇。
3. **市場擔憂**：對潛在市場下跌（market downturn）的疑慮，引發是否該轉向債券等低風險資產的考量。
4. **策略矛盾**：快速累積財富（make as much as possible as fast as possible）的目標 vs. 長期資產保護的需求。
簡言之，文章聚焦於「風險偏好與退休規劃的平衡」，探討是否該調整現有高風險投資組合以適應年齡與市場環境。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/](https://reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/](https://www.reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/)
- **發布時間**: 2025-04-03 02:32:33
### 內容
So i have about 135k in 2 different 403b retirement accoun . these accoun are mostly invested in high cap stocks i'd say about 95% .. im of the mindset of make as much as possible as fast as possible.. im 41 years old
should i leave it alone and continue with this or should i move them to bonds and safer investmen``` with the possibility of a market downturn?
### 討論
**評論 1**:
The biggest risk is not volatility - it's selling low. If you can live with the volatility, stick to the original plan
**評論 2**:
If you're 41 with "only" 135k, I assume you aren't retiring any time soon. Just keep shoveling into stocks, that will be your best shot.
---
## 18. ```
Trust - Dumping Higj Fee Advisor, Moving to Index Funds or Fidelity Managed Account
``` {#18-```
trust-dumping-higj-fee-advisor-moving-to-in}
這篇文章的核心討論主題是：
**「如何處理繼承信託中的高成本股票投資組合，以簡化配置並優化稅務影響」**
具體要點包括：
1. **高費用問題**：原投資顧問收費過高，已終止合作並轉移至低成本的Fidelity平台。
2. **投資組合複雜性**：當前持有約200支個股（模仿標普500），希望簡化為少數ETF。
3. **稅務考量**：
- 未實現收益（約70萬美元）可能觸發資本利得稅。
- 選擇一次性出售（控制短期收益稅）或採用Fidelity管理帳戶（提供稅損收割，但需調整持股）。
4. **決策困境**：比較「立即出售重組」與「長期付費管理」的利弊，以平衡稅務成本與管理費用。
總結：作者尋求在簡化投資組合、降低費用與最小化稅負之間找到最佳策略。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/](https://reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/](https://www.reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/)
- **發布時間**: 2025-04-02 22:59:33
### 內容
Hello,
I am the successor trustee of an inherited trust, with asse currently invested with and advisor at an obscenely high fee. I have terminated the advisor, and am moving all asse to fidelity to minimize fees. The previous advisor had a majority of the funds invested in an account that appears to mimic the SP500, but with common stock.
There are ~$700,000 in unrealized gains in this account. All stocks transferred in kind, so Im left with a portfolio of ~200 stocks. Id like to simplify this into a few ETFs.
Fidelity mentioned that they have a managed account that will also mimic the SP500, but with significantly less fees than the previous advisor. They also claim to do tax loss harvesting. My main concern is that they will have to readjust the current balance of stocks by selling some off to fit.
I know at some point there will be a tax hit when I sell. My questions:
-Am I better off selling everything now (in a way to minimize short term capital gains taxes), and moving them into ETFs?
-Or should I consider the fidelity managed fund, take advantage of tax loss harvesting, and pay yearly fees?
Thanks!
### 討論
**評論 1**:
"At least if you do it shortly after inheriting"
That person is referring to a step up in basis. If the Trust already owns the asse```, there is no inheritance here.
"in a way to minimize short term capital gains taxes"
If you sell sooner, you'll be generating short term gains. You seem to want to sell, anyway? You moved it in kind, though. Why didn't you sell, then?
You don't want to pay someone to manage investmen``` that are themselves managed. That's why a managed account would lean more heavily into individual holdings. And it's been shown time and again that an individual managed account really doesn't perform much better than the general market, anyway.
You don't have to take all the actions all at once.
But I wouldn't pay someone just because they tell me how great they are at tax loss harvesting.
**評論 2**:
Im just curious how that performed compared to spx
**評論 3**:
I haven't dealt with trus``` specifically; is your cost basis reset, now that you've inherited it? Like it would be in an inherited taxable brokerage account?
If so you can do practically whatever you wantliquidate the whole thing if you likewithout much or any tax consideration. At least if you do it shortly after inheriting.
Really depends what you want to do with this; how hands-on or hands-off you'd like to be.
**評論 4**:
It is a taxable account.
---
## 19. ```
Moving Non-Retirement Institutional Investor Mutual Funds to New Entity - Taxable
``` {#19-```
moving-non-retirement-institutional-investo}
這篇文章的核心討論主題是：**如何在不立即產生稅務負擔的情況下，將機構投資者專屬的共同基金（如RETSX、RTNSX等）從現有財務顧問處轉移至新的券商**。具體要點包括：
1. **機構專屬基金的轉移限制**：
作者持有的基金可能僅限機構投資者（如RETSX等），若直接轉移至新券商，可能需先賣出（無法原物轉移／in-kind transfer），從而觸發資本利得稅。
2. **避稅策略的探討**：
- **轉換為零售級別基金**：詢問現任顧問是否能將機構份額轉換為零售級別（retail share class），再進行轉移。
- **轉入等效零售基金**：探討若將資金轉移至新券商的「功能等效」零售基金，是否可延緩稅務負擔（需確認是否符合稅務遞延條件，如1031交換不適用共同基金）。
3. **稅務影響的優先考量**：
全文圍繞如何避免「立即實現資本利得」展開，顯示作者對稅務效率的高度關注。
**總結**：核心問題是「機構專屬基金的轉移限制與稅務規劃」，尋求在轉移資產時最小化稅務成本的方法。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/](https://reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/](https://www.reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/)
- **發布時間**: 2025-04-02 21:59:35
### 內容
I am hoping to move some non-retirement money to a new brokerage away from my financial advisor. These are the funds (below). I believe all of these are institutional investor only funds and I'd have to sell when I move them and it would no longer be viewed as in-kind? Is there any way to avoid taking the tax hit right now? Or if I moved them and their balances to equivalent funds at a retail brokerage does that avoid needing to pay taxes on the gains? Or maybe my current advisor can move to a retail share class equivalent, and I may be able to convert to retail share classes before transferring to the new brokerage?
RETSX
RTNSX
RLVSX
RTHSX
RTSSX
RTXSX
### 討論
**評論 1**:
You need to speak to a tax advisor.
---
## 20. ```
How hands off vs hands on do you tend to be when investing? What drives how involved you become?
``` {#20-```
how-hands-off-vs-hands-on-do-you-tend-to-be}
這段討論的核心主題是：**投資者（如天使投資人、創投等）在投資後如何決定參與新創公司或創辦人營運的程度**。
具體探討以下面向：
1. **參與模式的偏好**：投資者傾向「被動支持」（僅在被詢問時介入）還是「主動參與」（如策略指導、人脈介紹、招聘協助等）。
2. **影響參與程度的因素**：例如創辦人經驗、投資金額、公司階段、投資者自身時間精力等。
3. **實際經驗分享**：投資者參與程度是否隨時間或情境變化，以及背後原因。
4. **創業者的顧慮**：發文者提到對融資後「附加條件」（如投資者干預）可能影響終端用戶利益的擔憂，希望了解如何平衡資金與自主權。
整體聚焦於「投資後關係的動態平衡」，涉及投資者策略與創業者自主性的權衡。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/](https://reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/](https://www.reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/)
- **發布時間**: 2025-04-02 14:42:13
### 內容
Curious to hear from angels, VCs, etc here how do you decide how much involvement to have with a founder or startup after investing?
Do you prefer staying out of the way unless asked? Or do you take a more active role (e.g. strategy, intros, recruiting help)? What factors make you lean one way or another founder experience, check size, stage, your own bandwidth, etc?
Would love to hear some real-world experiences, especially if your level of involvement has changed over time. I recently launched my own thing last week and we've gotten a fair amount of attention but a little apprehensive to raise funds with a perceived bias that the strings that come with a cheque may not always be in the best interest of the end user.
### 討論
**評論 1**:
There are precisely zero angels or VCs here
Only demons and degens
---
## 21. ```
Has anyone seen slippage on Public that doesn't add up?
``` {#21-```
has-anyone-seen-slippage-on-public-that-doe}
這段文字的核心討論主題是：**作者對股票交易平台Public的不滿與信任危機**，主要基於以下兩個問題：
1. **交易執行價格的顯著差異**：作者發現市場訂單的成交價（521.86）與當時的買方報價（522.63）存在不合理差距，質疑平台的執行透明度。
2. **強制小費預設選項的負面體驗**：平台要求用戶手動取消每筆交易的小費（tip）設定，作者認為此設計不合理且影響使用體驗。
最終，作者認為儘管Public提供免佣金期權交易和閒置資金高利率等優點，但這些優勢已無法彌補對平台信任的流失，因此考慮撤資。
**關鍵詞**：交易執行問題、平台信任危機、用戶體驗缺陷。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/](https://reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/](https://www.reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/)
- **發布時間**: 2025-04-02 22:05:33
### 內容
I was looking at L2 on thinkorswim for UNH and sold one share on Public. This was at 8:43 am and the bid was at 522.63. I put in a market order and it was filled at 521.86.
That seems like an unreasonable discrepancy. Combining this with their requirement to manually unselecting to not tip them for each trade (completely insane) and I think I'll be taking most or all of my money out.
My biggest draw was that they paid for options trades and had a good rate on unused cash. Those things aren't worth staying if I don't trust the company.
### 討論
**評論 1**:
Always look at the spread of bid/ask and current. Are you allowed to put in a limit order?
**評論 2**:
What is 8:43am to you? What timezone is that? If that's ET - the market was not opened yet so extended hours trading is disjointed. There is no NBBO in extended market trading. That is why most brokers do not allow market orders in extended hours.
**評論 3**:
Did you trade 100 shares? If you trade less, youre trading an odd lot and can trade through the NBBO
---
## 22. ```
Portfolio Though``` Requested
``` {#22-```
portfolio-though```-requested
```}
这篇文章的核心討論主題是：
**「請求對一份高風險容忍度、長期投資導向的多元化投資組合提供意見與建議」**
具體重點如下：
1. **投資者背景**：33歲，風險承受能力高（8/10），投資風格以「設定後長期持有」為主，每月投入1,200美元，時間跨度30年以上。
2. **投資組合結構**：
- **核心增長**（26%）：以廣泛市場指數型基金（VTI、VXUS）為主，搭配小型股（VB）。
- **科技與創新**（31%）：側重半導體（NVDA、ASML）、科技巨頭（GOOGL）及主題ETF（AI、機器人、自動化）。
- **醫療保健**（16%）：聚焦醫療設備（IHI）、生物科技（XBI）和保險（UNH）。
- **創新主題**（10%）：涵蓋太空（ARKX）、清潔能源（ICLN）、鋰電池（LIT）等前沿領域。
- **股息增長**（11%）與 **房地產信託**（6%）：配置穩定性資產（SCHD、VNQ）。
- **加密貨幣**（約5%）：包含比特幣、以太坊及Solana。
3. **討論焦點**：
- 資產配置是否符合「高風險容忍度」與「長期增長」目標。
- 行業集中度（如科技佔比31%）的潛在風險與機會。
- 主題型投資（如AI、太空）的合理性與波動性考量。
- 加密貨幣配置的適當性。
總結：作者希望透過社群反饋，評估當前組合的均衡性、風險分散效果，以及是否符合長期財務目標。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpda6t/portfolio_thoughts_requested/](https://reddit.com/r/investing/comments/1jpda6t/portfolio_thoughts_requested/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpda6t/portfolio_thoughts_requested/](https://www.reddit.com/r/investing/comments/1jpda6t/portfolio_thoughts_requested/)
- **發布時間**: 2025-04-02 09:58:26
### 內容
Hi All. Would appreciate some though``` on this portfolio. Thank you!
33M
Current Risk Tolerance: High (8/10)
Style: Mostly set-it-and-forget-it
Current Monthly Contribution: $1,200
Time Horizon: 30+ years
Core Growth 26%
VTI 16% (Total U.S. Stock Market)
VXUS 5% (International Stocks)
VB 5% (Small-Cap U.S. Stocks)
Tech & Innovation 31%
NVDA 8% (AI & Semiconductors)
GOOGL 5% (Alphabet / Google)
ASML 4% (Semiconductor Equipment)
VGT 8% (Tech ETF)
BOTZ 3% (Robotics & Automation)
AIQ 3% (Artificial Intelligence ETF)
Healthcare & Longevity 16%
IHI 9% (Medical Devices ETF)
XBI 4% (Biotech ETF)
UNH 3% (UnitedHealth Group)
Innovation Themes 10%
ARKX 3% (Space & Aerospace Innovation)
ICLN 3% (Clean Energy)
LIT 4% (Lithium & Battery Tech)
Dividend Growth 11%
SCHD 6% (Dividend Growth ETF)
DGRO 5% (Core Dividend ETF)
REITs 6%
VNQ 6% (U.S. Real Estate ETF)
BTC, ETH, SOL (~5%)
### 討論
**評論 1**:
Too much for me to breakdown. Index your way to wealth over thirty years.
**評論 2**:
You already have plenty of GOOG and NVDA in VTI. ASML is probably a large component of VXUS. Why pick out those 3 in particular? Youd have to be very right.
But hey, lo``` of interesting trends, who knows what will do well. Using the dividends to keep your allocations roughly in line?
**評論 3**:
If I were to do a quick back-of-the-envelope factor decomposition of your portfolio, I'd say you're heavily loaded on growth/momentum. That risk factor has had a big run-up and they tend to crash, which explains their risk premiums (to an extent). Core Growth probably has overlapping names in your tech ETF, so you're just loading up on the same risk. The Corr is near 1. Crypto is a risk-on trade and not diversifying. You may want to add a divergent strategy like managed futures (ETF: CTA or USCI for a commodities play). You also may want to diversify by geography as you're very loaded on the US. You may have noticed that this year Europe has been outperforming the US. Just my two-cen``` worth.
---
## 23. ```
Where to get accurate timely data on short shares as % of float?
``` {#23-```
where-to-get-accurate-timely-data-on-short-}
這段文字的核心討論主題是：**尋找準確且即時的股票空頭興趣（short interest）數據來源**。
作者提到已知FINRA提供原始數據，但希望找到更及時的資訊來源，同時也指出Yahoo Finance、MarketWatch等網站的數據存在差異且更新頻率不明確，因此凸顯出對可靠、更新頻率透明的空頭興趣數據的需求。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp57ex/where_to_get_accurate_timely_data_on_short_shares/](https://reddit.com/r/investing/comments/1jp57ex/where_to_get_accurate_timely_data_on_short_shares/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp57ex/where_to_get_accurate_timely_data_on_short_shares/](https://www.reddit.com/r/investing/comments/1jp57ex/where_to_get_accurate_timely_data_on_short_shares/)
- **發布時間**: 2025-04-02 03:59:12
### 內容
I know FINRA publishes raw data comparing reporting periods. But I'm looking for an accurate up-to-date source for how much of any particular stock is short interest. I also know there are sites like Yahoo Finance, Marke```hare, etc. that publish this, but their info varies and I'm not clear how often they update.
### 討論
**評論 1**:
For short interest information on listed securities, you get that from the exchanges. ICE doesn't make that data available for free. But Nasdaq does and you can subscribe to access their data files via SFTP.
Relevant links for anyone that cares about this dataset:
https://www.finra.org/finra-data/browse-catalog/equity-short-interest
https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files
https://www.finra.org/finra-data/browse-catalog/equity-short-interest
https://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest
Otherwise - you have to rely on third-party data aggregators who would normally make the data available.
Short interest data is released every 2 weeks. The calendar for 2025 can be found here - https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest
---
## 24. ```
Even After Diversifying, Where Else to Invest?
``` {#24-```
even-after-diversifying-where-else-to-inves}
這篇文章的核心討論主題是：**在當前經濟環境下（房地產、股票、ETF和比特幣普遍下跌或停滯），如何進一步分散投資風險，以及對未來各類資產走勢的推測與投資策略的探討**。
具體要點包括：
1. **資產現狀分析**：
- 房地產、股票、ETF和比特幣均處於下跌或停滯狀態。
- 不確定性高，例如房地產可能因高成本與需求矛盾而漲跌分歧，股票可能因關稅長期影響經濟。
2. **未來趨勢的假設與疑問**：
- 若股票長期停滯，比特幣是否會逆勢上漲？
- 房地產是否因建築成本高而反彈，或因負擔能力不足而持續低迷？
3. **投資策略的困境**：
- 在傳統資產（房產、股票）與新興資產（比特幣）表現不佳時，如何選擇其他分散風險的投資標的？
整體而言，作者試圖在經濟不確定性中，尋求更穩健或潛在回報的投資方向，並探討不同情境下的市場反應。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp68pl/even_after_diversifying_where_else_to_invest/](https://reddit.com/r/investing/comments/1jp68pl/even_after_diversifying_where_else_to_invest/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp68pl/even_after_diversifying_where_else_to_invest/](https://www.reddit.com/r/investing/comments/1jp68pl/even_after_diversifying_where_else_to_invest/)
- **發布時間**: 2025-04-02 04:40:17
### 內容
Lets say someone had $10,000 to invest. If someone has property, stocks, ETFs, and bitcoin, where else to diversify? Im just looking at whats going on right now.
Houses slowly going down, stocks and etfs down and maybe stagnate for a long long time. Bitcoin is down as well but if stocks stagnate, maybe btc goes up? What are ramifications if things stay like this? Bitcoin might be on the up and up? Properties maybe goes up because expensive to build and demand is high? Or maybe nobody can afford so they die down? Stocks go down cause of tariffs for long time and tank economy? Like where do we invest and what do you guys think will happen if things trend the way they are.
### 討論
**評論 1**:
Seems everyone is a long-term stock investor until stocks drop.
**評論 2**:
If you believe stocks are down, wouldn't you think it is a better idea to buy them when they are cheaper?
I never got the logic of being happy buying stocks when they are expensive, but being squeamish to buy when they are cheap. If you spend the next 20 years buying stocks every year, the ones that pay you the most are the ones bought when they were down.
**評論 3**:
gold etf
**評論 4**:
If stocks stagnate, that means there isnt cheap or excess money flowing into the system. Bitcoin does not go up in this scenario.
The other real return asset classes that have low correlations to stocks that youre missing are bonds (especially long duration) and managed futures, such as CTA or KMLM.
**評論 5**:
Two things I know that are unaffected: Gold & Pokemon
---
## 25. ```
Is It Just Me, or Is Robinhoods Security Still a Concern?
``` {#25-```
is-it-just-me-or-is-robinhoods-security-sti}
這篇文章的核心討論主題是：**使用者對於與Robinhood整合的第三方服務在安全性和數據隱私方面的疑慮**。
具體要點包括：
1. **對Robinhood本身安全性的質疑**：作者雖未深入討論，但暗示對Robinhood的信任度有限。
2. **第三方服務的潛在風險**：儘管這些合作服務提供誘人優惠（如資金存取權限），但作者擔心整合Robinhood帳戶可能帶來安全或隱私問題。
3. **尋求實際經驗分享**：作者徵求其他用戶對這類整合服務的使用體驗，尤其是安全相關的負面案例，以評估是否值得嘗試。
整體而言，焦點在於「第三方服務透過Robinhood整合時是否可靠」，而非單純批評Robinhood本身。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/](https://reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/](https://www.reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/)
- **發布時間**: 2025-04-03 02:03:49
### 內容
I feel like its pretty obvious (at least to me) that Robinhood isnt completely safe, so maybe this question is a bit rhetorical. But here it goes anyway, in case others have a different take.
My main concern isnt even about Robinhood i```elf. Lately, Ive seen a bunch of third-party services partnering with Robinhood that actually seem pretty solid. And some even have good offers, like I just found one that theoretically could give me access to $50K, but it requires linking my Robinhood portfolio.
So my question is: Has anyone had issues with these kinds of side services that integrate with Robinhood? Especially when it comes to security or data privacy?
Would love to hear your experience or though``` before I take the plunge.
### 討論
**評論 1**:
No, it's not a concern to me. They're well capitalized, and cash in the account is FDIC insured.
I wouldn't want to be making complicated trades or keep complex tax-advantaged accoun``` with them because their customer service is poor, but their security is 0 concern.
That being said, I've never used a "side service" of theirs.
**評論 2**:
Your opinion is pretty popular on reddit (just do a search for robinhood and you'll find a million threads and commen like yours), but I haven't seen any actual reasons why. People point out that they halted transactions for certain tickers in the past and then other people point out those were market wide hal and then the cycle continues.
I'm not saying I know it's safe and secure. But I can't think of any reasons they wouldn't be
**評論 3**:
i dont think robinhood has officially stated that they support side services? i would be very skeptical on what side services that you are trying to integrate with.
**評論 4**:
Tech bros running a finance app? As someone in tech, has a biz in tech, builds apps and AI, I don't go near it lol.
**評論 5**:
No
---
## 26. ```
BDTX - diamond in the rough
``` {#26-```
bdtx-diamond-in-the-rough
```}
这篇文章的核心討論主題是 **Black Diamond Therapeutics（BDTX）的業務發展、藥物管線進展、近期交易（出售藥物候選項目給Servier）及其對公司估值與股價的影響**。具體重點如下：
1. **公司業務與藥物管線**
- BDTX 是一家臨床階段的生技公司，專注開發針對腦部和肺部腫瘤的「MasterKey」廣譜標靶療法。
- 主要藥物處於 Phase 2，預計明年上半年進入 Phase 3 或申請 FDA 批准；另一早期候選藥物（Phase 1）已出售給 Servier。
2. **與 Servier 的交易**
- 交易金額：7,000 萬美元預付款 + 7.1 億美元里程碑款及後續授權費，Servier 承擔未來開發成本。
- 交易驗證了 BDTX 的技術價值，並顯著改善其現金狀況（現金從 1 億美元增至 1.7 億美元）。
3. **市場估值與股價波動**
- 交易宣布前市值 9,000 萬美元（低於現金持有量），交易後一度飆升至 2 億美元，但因大股東拋售回落至 7,500–8,000 萬美元。
- 作者認為當前股價（1.5 美元/股）被低估，並透露已購入 2.5% 流通股。
4. **投資論點**
- 公司前景改善（管線驗證、現金充足），但市場估值未反映潛力，存在低價買入機會（高風險高回報）。
**總結**：文章聚焦於 BDTX 的商業策略、交易對財務與估值的影響，以及作者對其投資價值的看法。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp4s93/bdtx_diamond_in_the_rough/](https://reddit.com/r/investing/comments/1jp4s93/bdtx_diamond_in_the_rough/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp4s93/bdtx_diamond_in_the_rough/](https://www.reddit.com/r/investing/comments/1jp4s93/bdtx_diamond_in_the_rough/)
- **發布時間**: 2025-04-02 03:42:48
### 內容
Black Diamond Therapeutics (BDTX) is a clinical stage company developing MasterKey therapies (targeting a wide array of variations) against tumours and cancers in brain and lungs.
The company has 1 drug under development, for different types of patien```, currently under Phase 2 development, likely to move into Phase 3/FDA approval request by H1 of next year.
It had another drug candidate it had just begun developing, which was on Phase 1 trials. 10 days ago it signed a deal to sell that drug to Servier for $70mln upfront + $710mln in milestone paymen and licensing fees at later stages, with Servier taking on the cos of future development.
Prior to the announcement, the company was trading at a $90mln market cap, with $100mln in cash on i``` balance sheet.
Now, with its pipeline validated by a pharma giant, least advanced drug sold in a $750m deal and cash at $170m, it is trading at. $80mln in market cap.
After the deal, it shot up to $200mln in market cap, before falling back down to $75-80mln. Reason being, sales of a large shareholders that needed liquidity.
This stock used to be at $30 on IPO and its value was worse than it is now.
Secondary was at $5, where it was basically dead.
With its prospec``` better than ever, you can buy at $1.5 per share.
I bought up 2.5% of the float, follow at your own risk.
### 討論
**評論 1**:
Youre in the wrong sub for hyping crap lol
**評論 2**:
-97% over the past 5 years... do we have the same definition of diamond
---
## 27. ```
Who is an expert on SDOW?
``` {#27-```
who-is-an-expert-on-sdow-
```}
這篇文章的核心討論主題是：**市場時機的掌握是否可能（特別是在投資工具如SDOW的運用中）**。
作者以自身與叔叔投資SDOW（反向標普500指數ETF）的失敗經驗為例，反思散戶投資者（自認「業餘愛好者」）試圖「擇時進出市場」的困難，並質疑是否有人能真正精準預測市場時機。文中關鍵點包括：
1. **投資工具的本質**：SDOW作為一種反向ETF，是投資策略中的工具之一，但需理解其風險與適用情境。
2. **擇時的挑戰**：作者因過度持有（「hanging on too long」）而虧損，凸顯市場時機判斷的難度。
3. **根本問題的釐清**：最終將討論聚焦於「是否有人能真正掌握市場時機」，並傾向否定答案（「which must mean no?」）。
簡言之，文章探討散戶投資者在複雜市場中試圖擇時的現實限制，並對「市場時機可被完美掌握」的假設提出質疑。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp91f5/who_is_an_expert_on_sdow/](https://reddit.com/r/investing/comments/1jp91f5/who_is_an_expert_on_sdow/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp91f5/who_is_an_expert_on_sdow/](https://www.reddit.com/r/investing/comments/1jp91f5/who_is_an_expert_on_sdow/)
- **發布時間**: 2025-04-02 06:37:49
### 內容
Couple years ago. Me and my uncle Did really well with SDOW, had a good sense on things. ended up losing most of it hanging on too long. Swore off it.
Were amateurs, economic/society nerds. We know basic metrics for companies.
I think Im asking the question wrong, SDOW is a tool in a suite of investment options
I guess the answer is, has any ever mastered timing the market - which must mean no?
### 討論
**評論 1**:
> I guess the answer is, has any ever mastered timing the market
If someone mastered timing the market they wouldn't be farting around on a Reddit investing sub, they'd be enjoying champagne on their private jet the the Maldives.
**評論 2**:
I made a good deal on TSLQ this year so far which is an inverse leveraged ETF like SDOW.
You never want to hold a short position for too long. You will blow yourself up. Just take the money and get out.
It also sounds like you guys dont have any sort of trading plan and dont know how to stick to it? You need to set take profit poin``` and stop losses ahead of time. Stick to your plan. If youre wrong, youre wrong. Sell it. If youre right, sell it. Dont get greedy.
**評論 3**:
Why do so many young people keep thinking there is some hidden means to time the market ?
There is no fountain of youth and there is no magic eight ball or char for the marke.
Read and read some more and think harder than the next guy and connect the do```.
**評論 4**:
you should never hold something like SDOW for more than a month at a time. If you want something leveraged to make lo``` of money on long term you should go with UDOW instead
**評論 5**:
lol
---
## 28. ```
Do you/ would you hold a bitcoin etf in your portfolio?
``` {#28-```
do-you-would-you-hold-a-bitcoin-etf-in-your}
這段討論的核心主題是關於是否應該將比特幣（或加密貨幣）納入個人退休帳戶（如Roth IRA）的利弊分析，重點圍繞以下幾個關鍵問題：
1. **投資多樣化的潛在好處**：討論者提到將比特幣加入退休帳戶可能帶來資產組合的分散效果。
2. **託管與控制權的疑慮**：因資產由機構（如BlackRock）託管，擔心未來轉移帳戶或更換券商時可能受限。
3. **社群意見的兩極化**：提及其他論壇對比特幣的偏見（支持或反對），並徵求正反雙方的論點以協助決策。
總結來說，核心在於評估「加密貨幣納入退休帳戶」的可行性，並權衡其分散風險的優勢與潛在的託管風險。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpn3uy/do_you_would_you_hold_a_bitcoin_etf_in_your/](https://reddit.com/r/investing/comments/1jpn3uy/do_you_would_you_hold_a_bitcoin_etf_in_your/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpn3uy/do_you_would_you_hold_a_bitcoin_etf_in_your/](https://www.reddit.com/r/investing/comments/1jpn3uy/do_you_would_you_hold_a_bitcoin_etf_in_your/)
- **發布時間**: 2025-04-02 20:16:02
### 內容
Other subs have quite a bit of bias for or against. Do you or would you do this? I just found out I could add it to my Roth IRA, which would be some nice diversification. However, with blackrock holding the keys , Im not sure if this is a bad idea if I ever wanted to roll the portfolio to another brokerage.
Would love to hear some argumen``` for or against.
### 討論
**評論 1**:
Careful the word bitcoin seems to be cursed in this sub...
**評論 2**:
Hell no!
**評論 3**:
Put it all in there and you'll be contributing more to social security longer. Take one for the team!!
**評論 4**:
I just buy BTC. Not the ETF. Only 5-10% of my investing fund. Basically, my gambling money. Have 3.3465 BTC. I've been doing it for 10 or so years now.
**評論 5**:
It's like buying an unregulated, unbacked foreign currency and hoping someone else will buy it back from you for more later.It's an unproductive asset.
---
## 29. ```
Just missed out on an actual good IPO
``` {#29-```
just-missed-out-on-an-actual-good-ipo
```}
這段討論的核心主題是：**是否應該參與IPO（首次公開募股）投資，以及如何購買IPO前的股票**。
作者表達了以下重點：
1. **對IPO的猶豫**：過去曾考慮投資Newsmax的IPO，但因擔心其長期價值而放棄，事後發現錯失潛在收益（8,000美元），感到懊悔。
2. **尋求建議**：詢問其他人是否推薦投資IPO，並坦承自己缺乏相關經驗，尤其是如何購買「上市前（pre-IPO）」的股票。
整體討論圍繞著**IPO投資的風險與機會**，以及**新手如何進入這一領域**的疑問。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp8dna/just_missed_out_on_an_actual_good_ipo/](https://reddit.com/r/investing/comments/1jp8dna/just_missed_out_on_an_actual_good_ipo/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp8dna/just_missed_out_on_an_actual_good_ipo/](https://www.reddit.com/r/investing/comments/1jp8dna/just_missed_out_on_an_actual_good_ipo/)
- **發布時間**: 2025-04-02 06:09:34
### 內容
Never used IPOs before. I was looking at getting Involved with Newsmax but decided against it after seeing their value over the past few years...
Woke up this morning and saw I would have made $8,000 with them. Now I'm ready to throw myself off my balcony.
Does anyone suggest actually buying IPOs? Cause I've never bought them before they go public and have no idea how to even buy them pre-IPO
### 討論
**評論 1**:
If you feel like throwing yourself off a balcony on a $8k opportunity cost I think its best you dont touch ANY IPOs alone trading or investing.
And definitely don’t check out r/wallstreetbe```
**評論 2**:
IPOs dont usually go straight up like that, so dont get your expectations up
**評論 3**:
IPOs rarely take off out of the gate.
Newsmax is nothing but a pump and dump. Look at their financials. They arent worth these amoun```.
Look at the subject matter they report on. Look at those that they cater to. Look at those that they report on. This is a grift.
The rug is going to be pulled and this will be back in the teens/single digi``` the second before option chain become available. It will be a penny stock in a matter of months
**評論 4**:
Nope, not unless you are locked into IPO price. Fortunately for me, Reddit (RDDT) gave long time contributors access to the IPO. I was allowed to buy at $34 and sold at ~$150. Not waiting for it to return to below IPO price.
**評論 5**:
well, there are a lot of opportunities presented by trump world. Steaks, bibles, etc. They want to get money for low quality stuff. https://apnews.com/article/capitol-siege-donald-trump-misinformation-afa51409a16672232b55fa62b432aba4 Remember they have to pay for the libel lawsui``` since it's all rageebait and lies
---
## 30. ```
How did the stimulus checks boost economy so much?
``` {#30-```
how-did-the-stimulus-checks-boost-economy-s}
這篇文章的核心討論主題是：**2020年經濟現象（如商業地產擴張、汽車與房價飆升）的真正驅動因素**。
作者質疑主流觀點（如YouTube專家）將經濟復甦歸因於「刺激支票」（每人1200美元），認為這筆小額資金不足以解釋市場的劇烈變化。相反，他提出**量化寬鬆（Quantitative Easing, QE）釋放的數萬億美元**才是推動通脹與資產價格上漲的主因，並批評外界錯誤聚焦於刺激支票的影響。
關鍵爭議點：
1. **刺激支票的實際效果有限**（金額小、用途多為日常消費，而非大型投資）。
2. **量化寬鬆的隱性影響**（大量流動性注入市場，導致資產價格膨脹）。
3. **對主流敘事的質疑**（經濟現象的歸因被簡化或誤導）。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp7bgy/how_did_the_stimulus_checks_boost_economy_so_much/](https://reddit.com/r/investing/comments/1jp7bgy/how_did_the_stimulus_checks_boost_economy_so_much/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp7bgy/how_did_the_stimulus_checks_boost_economy_so_much/](https://www.reddit.com/r/investing/comments/1jp7bgy/how_did_the_stimulus_checks_boost_economy_so_much/)
- **發布時間**: 2025-04-02 05:24:12
### 內容
I'm hearing from all the YouTube gurus that the economy rallied in 2020 from the stimulus checks, billion sf of commercial real estate to be built to accommodate all of the spending. Car market exploding with 100% mark ups on new cars. Housing prices skyrocketing. etc
Like the checks were $1200.. and they weren't even given to everyone. Most people spent it on food and booze in like a week. They didn't go out and finance a new monster truck or put a down payment on a $500k house with them.
I'm 99% sure they're actually referring to trillions of dollars of quantative easement that caused all of this, instead of blaming the stimulus checks lol
### 討論
**評論 1**:
It was the PPP paymen```. Many of them were lottery sized. Business owners paid off mortgages, bought luxurious cars, took extravagant vacations and much more. A massive welfare giveaway, mostly to people who already had money.
**評論 2**:
>YouTube gurus
That should answer your question.
**評論 3**:
>YouTube gurus
Is that the new term for grifters and con artis```?
**評論 4**:
They didn't. They increased the money supply and caused inflation, which exacerbated the mess we're on today.
**評論 5**:
I had a friend that was making close to minimum wage and then got laid off because of covid, because of the additional unemployment he was making more unemployed than while working. He was very lucky because he had no bills as he lived with his paren``` so he used it to invest, travel and going out. I imagine there were a few like that. In addition, the PPP made a lot of people a shit load of money.
---
# 總體討論重點
以下是30篇文章的摘要與重點條列，並附上對應錨點連結：
---
### #1 [美國旅遊業警報：赴美遊客航班下降70%](#anchor_1)
**重點**：
1. **現象分析**
- 加拿大遊客（佔26%）因政策限制減少70%航班、45%陸路入境。
- 歐洲遊客（如法國）赴美預訂量降25%。
2. **交易策略**
- 做空：美加航線航空、邊境州酒店、非必需消費零售商。
- 做多：歐亞旅遊企業、區域性航空維修公司。
3. **風險**：加拿大數據為先行指標，若政策擴及全球將加劇衰退。
---
### #2 [4名共和黨議員支持撤銷對加拿大關稅](#anchor_2)
**重點**：
1. **政策變動**：兩黨合作撤銷關稅，影響加拿大企業（如Nutrien、Magna）。
2. **投資標的**：關注ETF（XIC、EWC）及個股（NTR、MG）。
3. **爭議**：強調非政治立場，僅分析市場影響。
---
### #3 [新手投資者的市場下跌心理調適](#anchor_3)
**重點**：
1. **策略壓力**：每月DCA投資VOO，擔憂裁員與市場崩盤。
2. **風險評估**：考慮轉向低風險資產（貨幣基金）因應家庭需求。
3. **求助**：尋求資深投資者經驗以平衡長期/短期目標。
---
### #4 [Bridgewater推出全天候策略ETF（ALLW）](#anchor_4)
**重點**：
1. **策略核心**：風險平價配置（債券71%、股票42%、商品37%）。
2. **運作**：SSGA執行Bridgewater模型，目標波動率10%-12%。
3. **費用**：0.85%，主打散戶接觸機構級策略。
---
### #5 [個股異常波動的成因與交易機會](#anchor_5)
**重點**：
1. **現象**：LAC等個股盤中虛假高點（±50%）。
2. **成因**：流動性不足、報價錯誤或高頻交易干擾。
3. **策略**：探討套利可能，但需注意數據可信度。
---
### #6 [加密貨幣與傳統投資的報酬取捨](#anchor_6)
**重點**：
1. **矛盾**：加密貨幣高報酬 vs. 傳統投資穩定性。
2. **心理調適**：如何克服貪婪並維持多元配置。
---
### #7 [投資討論區的新手指南](#anchor_7)
**重點**：
1. **資源導向**：推薦FAQ、書單與結構化提問框架。
2. **免責聲明**：強調專業諮詢必要性。
---
### #8 [平價股票評分工具替代方案](#anchor_8)
**重點**：
1. **需求**：快速基本面評分（如Seeking Alpha的Factor Grades）。
2. **工具比較**：Stock Rover、GuruFocus等冗贅問題。
---
### #9 [股票 vs. 房地產投資比較](#anchor_9)
**重點**：
1. **報酬**：房地產潛在增值高於指數基金。
2. **勞力投入**：房地產需主動管理，股票被動省時。
---
### #10 [基金投資的資金流動機制](#anchor_10)
**重點**：
1. **流程**：資金如何從個人帳戶轉入基金並集中投資。
---
（因篇幅限制，以下為簡化條列，完整版可依需求擴充）
### #11-30 簡要重點
- **#11**：債券ETF（BND）細分與配置策略。
- **#12**：年輕投資者調整股息/成長型基金以優化稅務。
- **#13**：Roth IRA中股息再投資的長期效益。
- **#14**：繼承TSP後「清償債務」vs.「滾存IRA」的抉擇。
- **#15**：非美公民透過愛爾蘭ETF（VUAA/VWRA）節稅。
- **#16**：短期現金存放的債券ETF比較（SGOV vs. AYEN）。
- **#17**：41歲投資者是否