M
Macy's Inc.
stock NYSE

*US NOV. PENDING HOME SALES RISE 3.3% M/M; EST. 1.0%

Tweet Mirror:[DeItaone](https://twitter.com/DeItaone/status/2005655159565889583)
>\*US NOV\. PENDING HOME SALES RISE 3\.3% M/M; EST\. 1\.0%
Tweet Mirror:[DeItaone](https://twitter.com/DeItaone/status/2005655305708072967)
>US $2 BILLION AID PLEDGE A 'LANDMARK INVESTMENT IN HUMANITY' \-UN AID CHIEF TOM FLETCHER

I understand your point, let me explain my way of thinking.
1 - I can’t find anything else heavy in “innovations” (mag7) while still more or less diversified across sectors. VGT/FTEC is basically 50% Nvidia/Microsoft/Apple, which I think too risky even if the ETF itself is more “right” and stock selection has actual rules, not just top-100. SCHG is the closest one, but it heavy underperforms long term, and sure has more “lululemon” and “o’relly” in it.
2 - Nasdaq positioned itself as tech-first exchange, so I think it’s reasonable to assume that all tech-oriented companies will choose it over NYSE. For example, if OpenAI go public in 2026, do you think it will be listed on Nasdaq or NYSE? We can’t know, but I would not bet on NYSE. Or let’s say bio-tech will boom in 10 years, I would also expect it making its way to Nasdaq-100. Counter argument is that it will be included in SCHG/VOO… but then it will be mode deluded with lululemon-ish stocks.
3 - I don’t know if Mag7 will continue to perform as they were, but I’d say it’s more probable than not? We are in the middle of the AI race, which, like it or not, already part of our lives. ChatGPT was released in 2022, now it’s not something wow, it’s a routine. I can only assume that Mag7 will perform as they were, because I see how they are building a new reality. In contrast, I see no evidential reasons for think that something else outperforms them. FWIW that Pepsi and Lululemon is a hedge if I’m wrong.
4 - While QQQ(M) stock selection is irrational (top of exchange with no financial), I can’t find any other ETF with same or higher historical returns without increasing the risk. Like VGT/FTEC/IYW all performs great, but this is a single sector bet with 50% in 3 companies. If tech dies, QQQM will eventually rebalance itself and make a shift, while VGT/FTEC/IYW remain tech no matter what and I’ll have to sell them to move away (and pay taxes in brokerage).
5 - At the end of the day, I could do a lot worse than QQQM. I could have picked stocks by myself, go all-in with pure tech ETF, leveraged ETF, crypto, etc. Investing in top 100 companies in different sectors that have outperformed SP500 for decades, could be not the best decision, but not the worst either.
This is how I explain it to myself.

Kurz: ja
Für die Steuer gibt es bei Firmenwagen nur **Homeoffice** = Arbeitsplatz zu Hause = 0km oder **kein Homeoffice** => Büro = x km entfernt. Die Arbeitsstätte muss im Arbeitsvertrag stehen (entweder zu Hause oder woanders).
Das von dir beschriebene Szenario wäre m.M.n. kein Homeoffice im Sinne einer Firmenwagenbesteuerung, sondern eigentlich noch schlechter, da du im Arbeitsvertrag wahrscheinlich eine Büroadresse stehen hast die du voll versteuerst aber nur an x Tagen als Werbungskosten zurückholst - also an denen, wo du tatsächlich im Büro warst.

# HEY, JEFFREY - I'M BUYING MORE, BITCH!

Got you on the first point. I think that is a helpful heuristic, thank you.
Right, M&A and SBB can be more accretive than paying a simple dividend and/or deleveraging but how do you calculate this incremental accretion? I suppose the "reinvestment alpha" should be this incremental benefit beyond paying a cash divi
Long shot - dont suppose you'd allow me to take a look at your calcs by any chance.

Yes pretty much. People today are willing to accept low FCF yield because they believe this will contribute to growth in future. And if that doesn't happen or the company is unable to execute with perfection, then the P/FCF multiple will compress. Basically, a rule of thumb to avoid the 1972 and 2000 disaster.
Not quite. If all of the FCF is being used to pay dividends then I don't count the reinvestment alpha. For some businesses, a large part of the returns comes from M&A alpha, like DHR, TGD, AME etc.

An ETF provider created Some ETF provider tried to create a short Jim ETF (ticker S.J.I.M).
It lasted about a year because all it did was bleed value. (Aka - Jim's picks were good enough that the ETF lost about 20% in about a year trying to inverse his picks.)
If you look it up in Yahoo finance the ticker is still there - but its been delisted

Interesting, thanks for the reply. What is the math behind that? Are you assuming that in 10yrs the P/FCF will normalise to say \~20x and therefore would need 15-20% growth to offset this multiple compression?
And on your TSR formula, are you double counting by adding both FCF yield and the accretion from SBB+M&A? As the SBB/M&A will be paid out of the FCF

Hi everybody, I’m a 26 yo (M) living in Finland.
I have an account on Nordnet.
This is a screenshot of my plan there.
It will start on this 5th January 2026 and I plan to just deposit there 1k€ a month for at least 20+ years, so just buy and not sell until idk I’m in my 40s or 50s.
What do you think of it?
The allocation and overall everything, any tips or suggestions?
Thanks and good luck to all!

M chips were elite 5 years ago. M5 chip is still cream of the crop but not ahead of the competition like it once was. Snapdragon x2 elite and AMD Ryzen are now more competitive than ever. Looking ahead aapl is losing its edge in multiple fronts. CPU being one of them.

Servus zusammen, ich (M/24) habe an Weihnachten erfahren, dass ich 90.000€ von meiner Oma geschenkt bekommen habe.
Habe das jetzt erstmal auf TR geparkt (wegen den Zinsen), bis ich mich endgültig entschieden habe was ich damit anstellen werde.
Anbei seht ihr mein aktuelles Portfolio (sprich ohne die 90.000€).
Ich möchte das Geld sicher und diversifiziert in ETF‘s anlegen..
Würdet ihr jetzt 50% direkt investieren und den Rest peu a peu? Oder direkt alles rein? Sparplan? Auf „Crash“ warten?
Vielen Dank für alle Tipps :)

If you're not watching these 4, you're missing the future of cancer treatment AND potential multi-baggers. The catalysts are STACKED for 2026!
$SLS - REGAL Phase 3 data in AML is DAYS AWAY. Binary event! If successful, this goes parabolic. Get ready!
$DRTS - Alpha-DaRT is a game changer! Just treated 1st Glioblastoma patient. This localized radiation tech is pure revolution.
$ATNM - Alpha-particle therapy is the REAL DEAL. Pivotal SIERRA trial in AML has M&A written all over it.
$ONCY - Oncolytic virus therapy is combining with checkpoint inhibitors. BRACELET data (Q1) for breast cancer could be HUGE.

M series chips and their applications are the biggest tech leap for them

Is this M. Bison played by Matthew McConaughey in a scene where he smokes the reefer?

Source is M. Yass

The Bers losing at the last minute is a reference to the 9 A.M. pump tomorrow morning.

Congrats, Blue!! So happy for you, it was super hard to read your UNH loss post, but so happy to read this post.. One similarity with you - I took a big L on MU since I sold near bottom but have great hopes that one day will be achieving 1 and then 2 M for retirement in the next 10 years.

I'M PRETTY SURE THAT'S WHAT I'M USING...THEY'RE THE PERPETUALS. THEY CALL THEM ETH NANOS.
IS BINANCE ANY BETTER?

It's best to think of the sum of your accounts as your complete portfolio so you don't have to solve for each account individually -- even if the accounts don't all match, you want to know how each fits in to your overall strategy (but if it's easier, you can just make all the accounts a little copy of your desired portfolio).
> Current allocation $80/month to FZROX and $20/month to FZILX
Is 80% US/20% International your desired allocation? That could be reasonable in your 30s so long as you know you're slightly overweighting US (actual global market weight about 60% US, 40% International) and if you're not ready for bonds yet.
You can invest your Rollover IRA the same way, literally the same funds.
> SIMPLE IRA... 100% in 0181 Fidelity Advisor Growth Opportunities Fund (Class M)
[Growth funds don't promise more or faster growth](https://www.dimensional.com/ca-en/insights/when-its-value-versus-growth-history-is-on-values-side)
Do you have a limited selection here? You can consider 80% US, 20% International here as well.
For future consideration: [100% stocks doesn't have to be the default portfolio](https://www.youtube.com/watch?v=_ONC1E8aKXc&t=520s), so [give some consideration to bonds](https://www.reddit.com/r/Bogleheads/comments/15drkxn/in_defense_of_in_defense_of_bonds/), just 10% bonds [reduces volatility without reducing returns much](https://www.reddit.com/r/personalfinance/comments/17tv0a0/comment/k8zuy3b/).