Z
Zillow Group, Inc. Class C Capital Stock
stock NASDAQ

I've got the half Grandpa/half Gen Z idiot portfolio going on
100 shares SPY
1200 GME
100 MSTR
100 RKLB
400 VOYG
All with February covered calls sold against

I think you're overestimating the branding and the demand. It might be somewhat different in other countries, but in the US (some areas more than others) local breweries are pretty easy to come by and have taken a sizable market share away from the big breweries over the last 10-15 years, but is a particular problem for Guinness because of pricing that's roughly the same per pint. Anecdotally, I think there's only two places where I live that carry it (excluding grocery stores and the like).
My main point is questioning where the catalyst for growth is supposed to come from in a regulated, mature industry facing more competitive pressures. I'll grant that the whole 'gen Z doesn't drink' thing is overblown, but that doesn't translate into growth. An additional concern is their dividend--attractive at the moment, but it doesn't leave much room to invest in the business or reduce their pretty high debt/equity ratio. It suggests to me that they're just goosing their ROE with financial leverage, but without particularly impressive results.

Praelux ist die gleiche Soße - quasi DVAG für die Gen Z.
Die werben offensiv Schüler an, um dann als "qualifizierte" Finanzberater auf die Verwandtschaft losgelassen zu werden...

I have a question about some Opendoor call options I purchase prior to the corporate action that occurred back in November. I have a handful of Jan 15 '27 $0.50 Calls and a couple of Jan 15 '27 $1 Calls. These were updated to OPEN1 post-corporate action and are showing as adjusted (ADJ). From what I understand of the official info that was released, these are still worth 100 shares per contract, but the underlying value is now calculated as follows: OPEN1 = OPEN + 0.03 (OPENW) + 0.03 (OPENL) + 0.03 (OPENZ) where the WL&Z represent.

What I'm wondering is, why is the ask on these lower than the new OPEN options that can still be purchased on the market? For my $0.50 calls, the spread is massive (bid is less than $5 and ask is around $6.60. There is also very low ask volume, I assume because no more new contracts like this can be created. Would these options not be worth more than post-corporate action options that are available today because of the added potential value of the warrants? I do not plan to exercise these but wondering if we get to the warrant expiry date of 11/26/26 what will happen to the value of these contracts. I still have over a year to expiry and plan to hold them, but just seems odd that the ask seems so low for deep ITM calls.

Hey Bogleheads,
I just recently started taking stock of my finances and have never really done much planning besides budgeting each year. I'm now familiarizing myself with the bogleheads methodologies and oh boy. It was a lot to digest at first but now I've realized just how much I've missed in my recent past and I'm now trying to set myself up for success in the future.
Right now I'm starting by reviewing my 401K allocations and making sure they are setup to have a healthy portfolio for my age. I could use your help making sure my logic seems sound for my available options. I also just started an IRA 1 month ago... I know...
401K @ John Hancock w/ 4% employer Match, only have a Roth IRA setup currently. Age 35 looking to retire in 25 years time. I'm very risk adverse and don't like stocks in general but realize they are necessary in order to achieve my goal of retirement.
I'll list all funds in the following format:
Name (ticker if applicable) - Net ER - Allocation % I plan to move to
Stable Value Fund (n/a) - 0.42 - 0%
MassMutual Cored Bond I (MCZZX) - 0.34 - 0%
Vanguard Target Ret Income FD (VTINX) - 0.08 - 0%
Vanguard Target Ret 2020 FD (VTWNX) - 0.08 - 0%
Vanguard Target Ret 2025 FD (VTTVX) - 0.08 - **30%**
Vanguard Target Ret 2030 FD (VTHRX) - 0.08 - 0%
Vanguard Target Ret 2035 FD (VTTHX) - 0.08 - 0%
Vanguard Target Ret 2040 FD (VFORX) - 0.08 - 0%
Vanguard Target Ret 2045 FD (VTIVX) - 0.08 - 0%
Vanguard Target Ret 2050 FD (VFIFX) - 0.08 - 0%
Vanguard Target Ret 2055 FD (VFFVX) - 0.08 - 0%
Vanguard Target Ret 2060 FD (VTTSX) - 0.08 - **70%**
Vanguard Target Ret 2065 FD (VLXVX) - 0.08 - 0%
JPMorgan Equity Income Fund Class R6 (OIEJX) - 0.45 - 0%
Vanguard Institutional Index Fund (VINIX) - 0.04 - 0%
AB Small Cap Growth Portfolio Class Z (QUAZX) - 0.77 - 0%
American Beacon Small Cap Value Fund Class R5 (AVFIX) - 0.80 - 0%
Fed Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) - 0.84 - 0%
JPMorgan Large Cap Growth Fund Class R6 (JLGMX) - 0.44 - 0%
MFS Mid Cap Value Fund Class R6 (MVCKX) - 0.62 - 0%
Vanguard Mid Cap Index Fund (VIMAX) - 0.05 - 0%
Vanguard Small Cap Index Fund (VSCIX) - 0.04 - 0%
American New Perspective Fund Class R6 (RNPGX) - 0.41 - 0%
DFA Emerging Markest Core Equity Class I (DFCEX) - 0.40 - 0%
T. Rowe Price Overseas Stock Fund Class I (TROIX) - 0.67 - 0%
Looking for advice on how you think I should adjust my portfolio proposals if at all. I'm not apposed to doing a VIMAX/VINIX/BND split but I don't see any good options for bonds unless I'm misunderstanding my options. Maybe I can use the lowest Targ Ret Date fund as a bond allocation so like VIMAX/VINIX/VTWNX to get low ERs?
Like I previously said, i'm very risk adversed and to avoid tinkering with my portfolio all the time, I've set a hefty chunk of it to a lower target date fund to hold more bonds than I should. I was aiming for \~15% bonds but may have miscalced.
If you're curious and want to weigh in, My *newly minted* Roth IRA is the following portfolio (will adjust next year but for now just leaving it alone). Just deposited $7500 for the year:
VTI - 48%
VXUS - 32%
BND- 20%
I've learned alot in the last few months and have all of you and the resources around bogleheads to thank for it. Thank you and I wish us all a Happy New Year, Cheers!

If OP is Gen Z they are likely a “Zillenial” anyway.
I have definitely seen this same type of perspective about married finances in some Millennials and some Gen X too. I don’t really think it’s isolated to Gen Z.
Personally, I think combining finances is usually more conducive for happy marriages, but I know there are exceptions.

You sell when you no longer have conviction that the equity is a good investment. The people who are telling you to sell do not have conviction, why that is, is a question for them, not us. Often investors like myself reevaluate our positions every so often. When I look at my positions, I am asking, "Does this remain a good investment? Do I think they will continue to grow given X, Y, & Z? How are they threatened?"

Your point on "I think given the business today it can grow revenues at X% over the next five years, margins will be Y which under a fairly conservative multiple implies a stock prize of Z and this is what the annualized return would be."
Is growing revenue not considered growth investing? Ik you might have said it as a generic statement, but I though I'd ask.
Me personally, I love stocks with slightly declining / flat revnue, but growing margins, because as soon as the market sees decreasing revenue, they sell, which creates a good opportunity to buy a profit earning business

Some unsolicited advice... Watching a stock and owning a stock is very different, there's no pain other than maybe wondering whether you were wrong when the stock goes down 50%...
Most of your description above is about "liking" a business model. That is known information by the market. Everyone likes Mercado Libre's model, or Amazon, or Costco, or Google or dozens of other companies... that is almost always reflected in stock price. These types of businesses only trade at "discounts" when all their news headlines are negative.
I would go back through the books you've read and think more about fundamentals of the businesses and what you get for a share of the stock... confirmation of your ability to pick winners would be much higher if in 2018 you said, I think given the business today it can grow revenues at X% over the next five years, margins will be Y which under a fairly conservative multiple implies a stock prize of Z and this is what the annualized return would be.
I would invest most of your current portfolio into an index fund, the US or global and then allocate \~10% of your portfolio to your own picks for now. For reach I'd work out a simple valuation it doesn't need to be a huge excel model about what your projections for the future are... pay more attention to that than what happens in the stock price. There should also be some difference from what you think is priced by the market and doesn't rely on multiple expansion unless it's a business trading at severe low multiples compared to history (even then there may be no re-rating)
If you find that you're able to identify winners that exceed your expectations then I would move more into your own stock picks... you'll also get to test how you feel when a stock is down 25, 50, 75%...

"Subjective happiness" is correlated with patriotism and nationalism more than with actual quality of life. This is why Scandinavian countries rank so high. Also, how can "welfare capitalism" of EU countries work when they mathematically are destined to collapse since they cannot pay pensions to the current generations (Millenials, Gen Z) anymore? Stagnated productivity growth and lack of meaningful investment into R&D like AI certainly doesn't help.
Besides, if you prefer investment approach that EU countries enforce on their citizens, you shouldn't invest and thus not be on r/Bogleheads.

Natürlich je nach Jahreszeit, zum Beispiel über die Festtage waren es 18h Reisezeit, zuerst in die Alpen, dann nach Florenz für etwas Wärme zu Silvester und wieder hoch.
Frühling bis Herbst dann 10-15 Wochenenden jeweils 14h Reisezeit an den Nürburgring und zirka 2h Fahrzeit darauf. Dieses Jahr evtl. auch Spa-Francorchamps und Salzburg.
Zusätzlich dann Abendfahrten/Wochenende für die Dolomiten/Pässe, im 2025 war ich hier 18'000km unterwegs, an drei Wochenenden von Freitag bis Sonntag mit einer Fahrzeit von 20 Stunden.
Zum Job1 1x die Woche durch den Stau hin- und zurück für 3h und 2x die Woche zum Job2 für h&Z für 1h. Zur Ausbildung 1x die Woche auch 1h.
Dabei sind zwei Fahrzeuge Komfortgeräte und drei Fahrzeuge lediglich Sportgeräte.

I see where you're coming from, but I think the "hand in hand" idea is actually starting to fade when you look at the reality of how these two work.
The biggest issue with gold is that its scarcity is actually an illusion. When the price of gold goes up, mining companies just dig deeper or find new deposits to increase the supply. It grows by about 1.5% to 2% every single year, and with the tech we have now for deep sea and even asteroid mining, we don’t actually know how much is truly out there. Bitcoin is the only asset in history with absolute scarcitya hard cap of 21 million that can’t be changed by anyone. Since the 2024 halving, BTC’s inflation rate is officially lower than gold's.
There’s also a massive generational shift happening right now. We’re seeing an $80 trillion wealth transfer to Millennials and Gen Z, and recent polls show that over 70% of younger investors favor Bitcoin over gold. To them, gold is an "analog" asset. You can’t send $1 million in gold across the world on a smartphone in 10 minutes, but you can with Bitcoin.
Finally, the upside potential isn't even a fair fight. Gold is a massive $18 trillion market. For it to double, it needs an insane amount of new money. Bitcoin is still a fraction of that size. If Bitcoin just catches up to gold’s market cap, the price per coin would be over $800k. Gold is a great way to stay rich, but Bitcoin is the way to actually build wealth for the future.
So for me its btc over gold.

Crypto boomers getting beat out by Silver Gen Z.

Coeptis Therapeutics S-4 Declared Effective by SEC, Proxy Mailing Begins in Anticipation of the Merger Transaction with Z Squared - COEP COEPW

With Bitcoin, when you send coins, you say "By this signature, I am authorized to take the coins I received in transaction X and send Y of them to Z an A of them to B."
With Monero, when you send coins, you say "By this signature, I am authorized to take the coins I received in transaction X1 or maybe X2 or maybe X3 ... or maybe X16 and send some amount you don't know to somebody, and some other amount you don't know to somebody else. Here's a proof that the amounts add up to no more more than I received." The transactions X1 to X16 are the ring members of the ring signature.

The US has given the playbook to other countries. If Putin has the resources, Z, you are potentially next and China is on notice to snatch Taiwan....

Ja stimmt. Meist kann man da aber dann etwas einsparen. Z.b die Schlafzimmer Fläche oder oft ein Teil der Küchenflache oder auch Bad.
Da kommt dann schon ne 1Z Wohnung zusammen wenn man will.
Das mit den neu mieten kann sein. Meine letzten Vermieter (aktueller ausgenommen) haben immer erhöht wenn sie durften. Studi Stadt und so.
War trz ne gute Ecke Geld die da plötzlich frei wurde ohne dann plötzlich super viel stuff kaufen zu müssen

Also in meinem Umfeld machen das die Alten nicht, weil die nach der Wende alle nach Strich und Faden verarscht wurden, mit Versicherungen, Investment-Fonds usw.
Das sind die ganzen Stukkis und Co. über den Osten hergefallen und haben ihre Dinger verkauft, das war der Wilde Osten.
Dann kommt noch so Telekombeschiss und die ganze Bubbles hinzu - und Aktien/Fonds/ETFs werden dann nicht mehr angefasst.
Ansonsten ist das auch eine Geldfrage. Bis vor dem auftauchen der Neobroker wie Trade Republic und Co. war Aktienkauf einfach nicht rentabel mit Kleinbeträge. Ein Depot bei der Spaßkasse hätte über die Gebühren alles aufgefressen, was ich hätte beiseite legen können (100€ Sparrate bei ca. 20-30€ Gebühren im Monat? Kannste du vergessen). Z.B. der einzige der aus meiner Schulklasse (Abi 05) schon damals Aktien und sowas hatte, war der Sohn von zwei Ärzten, die die entsprechende Kohle hatten, das Sparkassen-Gebühren nicht mehr relevant sind, weil 20-30€ Gebühren bei 1000€+ Sparrate dann eher egal sind.

Ansonsten ist es grundsätzliche Armut in Deutschland. Median-Einkommen in Deutschland ist 45.000 Brutto - was ist das Netto? Ca. 2k. Das heißt die Hälfte der Deutschen, die Vollzeit! arbeiten haben 2k Netto oder weniger zur Verfügung. Kombiniere das mit explodierenden Mietpreisen und es bleibt nichts zum investieren übrig. Und nur 25 Millionen Menschen sind Vollzeitbeschäftigt. Das heißt nur 12,5 Millionen Menschen in Deutschland verdienen mehr als 2k Netto im Monat! Und die investieren in Aktien.
Und die Lohnerhöhungen, die es gibt, kommen mit der Inflation nicht mit. Die Mehrheit der Deutschen hat in den letzten 10 Jahren schlicht und ergreifend Reallohnverluste hinnehmen müssen. Wenn man will, das mehr Leute in Aktien investieren, muss man den Leuten mehr Geld geben.

Bauland gibt es genug. Das Problem ist, dass es nicht den Besitzer wechselt und Immobilienspekulanten darauf sitzen wie die Henne auf dem Ei. Das EFH ist tot sanieren und neu bauen kam sich in der Gen Y und Gen Z kaum leisten.
Nur Erben oder Top-Verdiener also wahrscheinlich ca. 5% - 10% der Generation. Der Rest darf sie dann in immer kleiner Wohnungen quetschen.

Less alcohol consumption per capita for the largest generation ever born (Gen Z) and trending lower consumption for traditionally higher drinking ages as negative health effects of excess alcohol are better understood. Slowly being smashed by huge megatrends.