Ok. I can say it now since my "TRADE" is done....before it started. I requested 2000 shares of SPCX from Schwab in the IPO....in two accounts. I was allocated 74 shares.....37 in each account. BUMMER. My plan if I got 100 or more shares in each account.... was to FLIP IT in the first 30 minutes of trading and keep the profit in shares to hold long term. With only 37 shares in each account........ it is not even worth it to flip them. I will just hold onto them long term at the IPO price of....$135 per share. A speculative....training wheels position....for sure. I have ZERO plans to add to this position any time soon. There will be plenty of time to do so later.....if it is JUSTIFIED.
Oh Lori!, We are at least co-hosting with Canada and Mexico. We have the most matches here at (78), Canada (13), and Mexico (13). I had to look that up, so maybe it's right. I think FIFA has a point with the US....they are trying to expand that interest further into markets where it is not as popular (US). Sort of like the NFL has done by playing some games internationally. Always about the $$$. They want to make the money and it is very expensive to host as well. I think it has caught on a bit more as stated previously and I agree with TireSmoke. We are seeing some development and interest more than before. You are right though, the following elsewhere is huge compared to here. We are trying. I hope you enjoy the games and good luck to your team. If the US gets bounced, (and we will), we shall throw our support to your team gladly or anyone else here that has some teams. The US is always good at being a bandwagon type of fandom.
Lori, Yes I hear you, BUT , NOT ALL are like that , my 3 daughters, whom I coached for 12 years , 23yo ,26yo ,28yo are all following the games, especially since we are a host city (Seattle) and my youngest even followed the practices as close as she could, her university was a host practice pitch. Gonzaga. So there is still hope that for the future
I am just following it , I will wait for the initial surge to wear off, the reality to show up , and the (almost) inevitable down turn of MOST IPO's. Then look at the reality of the value, and price.
Agreed. It really has gotten more prevalent at the college/university level. Even at JUCO levels. Which in turn, has spiked the involvement at the lower levels. A lot of young kiddos are getting into it. This hosting will add even more to it I believe.
Well after I saw that my plan for SPCX was hopeless with the number of shares I was allocated.....we bailed on the markets and went to Marble Falls....for lunch. About a 90 minute drive one way. We appreciate the small town restaurants. Actually where we ate was in a small town called Burnet that is another 10-15 miles beyond Marble Falls. Salt of the earth people out there. As to the "TRADE".....I figured I needed to get at least 100 shares in each account...minimum. So my goal was to have 200 to 400 shares total...at the IPO price. I figured that number of shares would give me a good gain with a lower end pop.....$40 to $75....or....even better..... if the pop was about $75 to $100. With the size of the two accounts and the fact that we have been at least 40 years with Schwab....I thought we had a great chance to get 200 to 400 shares. I was going to monitor and FLIP....take my initial investment back and let the profit shares run long term. As I said above.....with the small number of shares I got...It was not worth it to even flip them.
To continue on SPCX......I need to have the discipline to sit on these shares for at least TEN YEARS. I would NOT buy shares at the closing price today....or even over the upcoming months. If I was going to buy this stock I believe there will come a time over the next 12-18 months when the price will drop below the IPO price....perhaps even as low as the $100 to $120 range. This would be typical for ANY IPO.......over the first year or two. That is when I would buy...if I wanted to own this stock going forward. All in all I would call the action today......once the stock started trading as.....UNDERWHELMING.
In my account I ended the day with a TINY LOSS......in my stocks.....and...got beat by the SP500 today by 0.64%. A fitting end to a generally crappy week in the markets. As to SPCX....I ended the day with a gain of.....+19.22%....in my 64 shares.
I put little weight in "sentiment" indicators......but: Sentiment Sours as Stocks Pull Back https://www.bespokepremium.com/interactive/posts/think-big-blog/sentiment-sours-as-stocks-pull-back "This week’s release of the American Association of Individual Investors survey resulted in 30.4% of respondents reporting bullish sentiment, tied for the lowest level of bullishness this year (tied with the March 19th release). Not only that, but the percentage of respondents reporting bearish sentiment ticked up to 47.7%, the highest since April 2nd."......
Here is the info on the IPO today. SpaceX stock jumps nearly 20% following largest IPO ever https://finance.yahoo.com/markets/s...-20-following-largest-ipo-ever-101955001.html
AND...here are the markets today. Elon Musk's SpaceX stock soars in market debut as Dow, S&P 500, Nasdaq rise https://finance.yahoo.com/markets/l...ebut-as-dow-sp-500-nasdaq-rise-230015961.html
Probably.....I would wait if you are planing to buy this stock. Will SpaceX stock follow the typical path after a skyrocketing IPO? https://finance.yahoo.com/markets/a...-path-after-a-skyrocketing-ipo-130926012.html "The average six- and 12-month returns for 30 of the last major IPOs both show a decline of 9%."
I sure hope so....says a GREEDY baby boomer. Social Security COLA for 2027 may jump to 4.7%, one estimate finds https://www.cnbc.com/2026/06/12/social-security-cola-2027-inflation-estimate.html July, August, and September will be the months that determine the COLA.
I made one other change in my accounts today. I sold ALL shares of Fidelity Contra Fund......after the close today. ALL of the funds will go into....QQQ. The contra fund has been a great holding for a very long time...but it basically tends to follow the SP500. So I decided to concentrate those funds into the NASDAQ 100....which will of course...get me some more exposure to SPCX and all the rest of the BIG CAP GIANTS.....going forward. The contra fund manager.....William Danoff..... has done an amazing job over the past 35 years. I was along for the ride the whole time. BUT....all things come to an end. Fidelity Contrafund manager Will Danoff to step down this year https://www.reuters.com/markets/us/...r-will-danoff-step-down-this-year-2026-01-27/ "Over Danoff's tenure, investors earned a cumulative return of 10,423%, more than double the 4,300% generated by the Standard & Poor's 500 index (.SPX), opens new tab over the same period, according to data from Morningstar."......
So after today......and with the investment of the Contra Fund proceeds in QQQ on Monday.....here are my current holdings: In light of the above I will once again post this: "To continue the above....it has been a while since I posted this: "SO....here is my current portfolio of....SEVEN....stocks and funds. The UPDATED Portfolio Model.......NOT as investment advice.....just as a disclosure of my personal BIAS and my thinking on how to structure a long term portfolio. "I am once again posting my PORTFOLIO MODEL. My initial criteria to start the process to consider a business are.......BIG CAP, AMERICAN, DIVIDEND PAYING, GREAT MANAGEMENT, ICONIC PRODUCT, WORLD WIDE LEADER IN THEIR FIELD, LONG TERM HORIZON, etc, etc, etc. PORTFOLIO MODEL "Here is my "PORTFOLIO MODEL" for all accounts managed which is the basis for MUCH of my discussion in this thread. I am re-posting this since I often talk in this thread about my portfolio model. My custom in the past on this sort of thread was to re-post my portfolio model every once in a while since I will tend to talk about it once in a while. I "manage" six portfolios for various family including a trust. ALL are set up in this fashion. If I was starting this portfolio today, lets say with $200,000. I would put half the money into the stock side of the portfolio, with an equal amount going into each stock. The other half of the money would go into the fund side of the portfolio, with an equal amount going into each fund. As is my long time custom, I would than let the portfolio run as it wished with NO re-balancing, in other words, I would let the winners run. Over the LONG TERM of investing in this style (at least in my actual portfolios), the stock side seems to reach and settle in at about 70% of the total portfolio and the fund side at about 30% of the total portfolio over time. That is a GOOD THING since it tells me that my stock picks are generally beating the funds over the longer term. AND....since the funds in the account generally meet or beat the SP500, that is a VERY good thing. As mentioned in a post in this thread, I include the funds in the portfolio as a counter-balance to my investing BIAS and stock picking BIAS and to add a top active management fund that often beats the SP500 (Fidelity Contra Fund) and a SP500 Index Fund to get broad exposure to the best 500 companies in AMERICAN business and economy. The funds also give me broad diversification as a counter-balance to my very concentrated 7 stock portfolio.At the same time the funds double and triple up on my individual stock holdings............that I consider the BEST individual businesses in the WORLD. STOCKS: Alphabet Inc Amazon Apple Costco Microsoft Nvidia Palantir SpaceX (a micro, training wheels position) MUTUAL FUNDS and/or ETF's: SP500 Index Fund QQQ CAUTION: This is a moderate aggressive to aggressive portfolio on the stock side with the small concentration of stocks and the mix of stocks that I hold and with the concentration of big name tech stocks. Especially for my age group. (75). So for anyone considering this sort of portfolio, be careful and consider your risk tolerance and where you are in your life and financial needs. I am able to do this sort of portfolio since my stock market account is NOT needed for my retirement income AND I have a fairly HIGH RISK TOLERANCE. In addition I am a fully invested, all the time, LONG TERM investor. (LONG TERM meaning many years, 5, 10, 20, years or more)" MY COMMENT This portfolio is HIGHLY CONCENTRATED on the big cap side of things. OBVIOUSLY between the funds and my eight stock holdings there is MUCH doubling and tripling up on the stocks. THAT is INTENTIONAL. I strongly subscribe to the view of Buffett and some others that TOO MUCH diversification kills returns. I do NOT believe in the current diversification FAD that most people seem to now follow.......or think they are following. I DO NOT do bonds and think the current level of bonds held by younger investors.....those under age 50.....is extremely foolish.I DO NOT do market timing or Technical Analysis.""
WXYZ , Thank You for the above "PORFOLIO MODEL" I have taken it to heart. With my own slight twist of targeted ETF's (SMH, XLK) But the meat and bones of it have stayed the same, and it has rewarded my family well. Thank you QUOTE: "This portfolio is HIGHLY CONCENTRATED on the big cap side of things. OBVIOUSLY between the funds and my nine stock holdings there is MUCH doubling and tripling up on the stocks. THAT is INTENTIONAL." I absolutely agree with this, what I see mine as, is a parabolic curve, starting with the S&P500 as a base, then gaining in concentration toward the few single stocks that I own. The doubling and tripling up on stocks drives BOGLHEADS crazy. (This drives money managers/financial advisors absolutely crazy !)
I have advised all my daughters to these rules as well. Leave bonds alone till your 50 years old, they have no business in your portfolio, taxable or retirement.
