Stock Market- Investing

So much for history, Biden strikes again! That effing moron...and every idiot who actually voted for him...is destroying America. Yes, of course, the stock market rolls thru cycles, bull & bear markets, but this is unprecedented and along with all the other rotten economic news clearly points to blatant failure by this administration. Now, I have to mention, this is probably NOT a failure since it is the goal of the Bidenites to destroy America, and they are surely succeeding in that endeavor. But, if one were to give them the benefit of the doubt, then the best you can say is Biden is an abject total FAILURE! And has ascended to the top spot as the worst POTUS in history, making both Carter and obummer happy they are now just 2nd and 3rd worst all-time.

As for the market...where is the bottom? Doesn't appear to be one in sight as Biden has already busted all historic perspective in a bear market and is charting new territory.

Usually, even in a bear market, some sectors are contrarian and hold their own or even go green. And usually you can identify which "falling knife" you can catch. But we are now in a market of ALL falling knives, with no bottom in sight. The pundits on CNBC just said, "there are no alternatives." Just as I was typing the "falling knife" sentence the talking heads agreed with me. Spooky...

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Originally Posted by dawg80

So much for history, Biden strikes again! That effing moron...and every idiot who actually voted for him...is destroying America. Yes, of course, the stock market rolls thru cycles, bull & bear markets, but this is unprecedented and along with all the other rotten economic news clearly points to blatant failure by this administration. Now, I have to mention, this is probably NOT a failure since it is the goal of the Bidenites to destroy America, and they are surely succeeding in that endeavor. But, if one were to give them the benefit of the doubt, then the best you can say is Biden is an abject total FAILURE! And has ascended to the top spot as the worst POTUS in history, making both Carter and obummer happy they are now just 2nd and 3rd worst all-time.

As for the market...where is the bottom? Doesn't appear to be one in sight as Biden has already busted all historic perspective in a bear market and is charting new territory.

Usually, even in a bear market, some sectors are contrarian and hold their own or even go green. And usually you can identify which "falling knife" you can catch. But we are now in a market of ALL falling knives, with no bottom in sight. The pundits on CNBC just said, "there are no alternatives." Just as I was typing the "falling knife" sentence the talking heads agreed with me. Spooky...

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I love the smell of 4% one year CDs and Treasuries. Smells like VICTORY.

Now the Biden idiots will tell you this is all the FED. But they'll also tell you that passing a trillion dollar stimulus package in an economy that was growing by 6+ percent (you remember, that was when Trump left office) and passing more trillion dollar bills since then plus raising taxes wouldn't have ANYTHING to do with it at all. Not to mention the war on fossil fuels that raised the cost of everything, like fertilizer and shipping costs.

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Originally Posted by dawg80

So much for history, Biden strikes again! That effing moron...and every idiot who actually voted for him...is destroying America. Yes, of course, the stock market rolls thru cycles, bull & bear markets, but this is unprecedented and along with all the other rotten economic news clearly points to blatant failure by this administration. Now, I have to mention, this is probably NOT a failure since it is the goal of the Bidenites to destroy America, and they are surely succeeding in that endeavor. But, if one were to give them the benefit of the doubt, then the best you can say is Biden is an abject total FAILURE! And has ascended to the top spot as the worst POTUS in history, making both Carter and obummer happy they are now just 2nd and 3rd worst all-time.

As for the market...where is the bottom? Doesn't appear to be one in sight as Biden has already busted all historic perspective in a bear market and is charting new territory.

Usually, even in a bear market, some sectors are contrarian and hold their own or even go green. And usually you can identify which "falling knife" you can catch. But we are now in a market of ALL falling knives, with no bottom in sight. The pundits on CNBC just said, "there are no alternatives." Just as I was typing the "falling knife" sentence the talking heads agreed with me. Spooky...

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It is cute how you blame Biden for your poor investing.

Free money for too long by the Fed for so long causes structural issues in the markets…bubbles. If you are a capitalist, you would be thankful that there is now a cost of capital that is now putting a cost on risk.

Long USD, particularly borrowing foreign currency has been fantastic place to be. Buying bonds with negative real yields never made sense. Risk free coupon clipping at 4% or more is hardly something to complain about.

There are times to buy and times to sell in any market. Buying growing American companies at reasonable valuations is a gift horse.

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Originally Posted by DawgyNWindow

I love the smell of 4% one year CDs and Treasuries. Smells like VICTORY.

Now the Biden idiots will tell you this is all the FED. But they'll also tell you that passing a trillion dollar stimulus package in an economy that was growing by 6+ percent (you remember, that was when Trump left office) and passing more trillion dollar bills since then plus raising taxes wouldn't have ANYTHING to do with it at all. Not to mention the war on fossil fuels that raised the cost of everything, like fertilizer and shipping costs.

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Yep!

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Originally Posted by Guisslapp

It is cute how you blame Biden for your poor investing.

Free money for too long by the Fed for so long causes structural issues in the markets…bubbles. If you are a capitalist, you would be thankful that there is now a cost of capital that is now putting a cost on risk.

Long USD, particularly borrowing foreign currency has been fantastic place to be. Buying bonds with negative real yields never made sense. Risk free coupon clipping at 4% or more is hardly something to complain about.

There are times to buy and times to sell in any market. Buying growing American companies at reasonable valuations is a gift horse.

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Moron alert!

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Originally Posted by dawg80

Moron alert!

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Wait...I thought he was just verifying my post about Biden idiots! He was serious?

Worst year since 1931 for "buying the dip." Yes sir! another low point for Biden.

I am now officially declaring Biden as the worst POTUS in history. Making Carter and obummer the 3rd and 2nd worse prezzes all time. Bet Jimmy C. is glad he has lived to see himself get off the cellar floor. Not one, but now two prezzes are worse than him!

As for the market, it is just a "scoreboard" registering the realities of a tanking economy. Many of us know Biden did not actually win the election, his handlers stole it. But, Biden did get many real votes and those morons are idiots! Yes, "moronic idiots" which is far worse than just being either a moron or an idiot. If such moronic idiot voters would affect only themselves, I wouldn't care, but that's not how it works and now we are all paying the price.

And before moronic idiot #1, Goosey, chimes in with still another stupid comment, no, I am not blaming Biden for my investing decisions. I own 'em. But, that's not the point. Many people, through no fault of their own, are paying a price for a failing, a FLAILING, economy.

Shame on all of you who voted for that stupid Sleepy Joe.

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Originally Posted by dawg80

Worst year since 1931 for "buying the dip." Yes sir! another low point for Biden.

I am now officially declaring Biden as the worst POTUS in history. Making Carter and obummer the 3rd and 2nd worse prezzes all time. Bet Jimmy C. is glad he has lived to see himself get off the cellar floor. Not one, but now two prezzes are worse than him!

As for the market, it is just a "scoreboard" registering the realities of a tanking economy. Many of us know Biden did not actually win the election, his handlers stole it. But, Biden did get many real votes and those morons are idiots! Yes, "moronic idiots" which is far worse than just being either a moron or an idiot. If such moronic idiot voters would affect only themselves, I wouldn't care, but that's not how it works and now we are all paying the price.

And before moronic idiot #1, Goosey, chimes in with still another stupid comment, no, I am not blaming Biden for my investing decisions. I own 'em. But, that's not the point. Many people, through no fault of their own, are paying a price for a failing, a FLAILING, economy.

Shame on all of you who voted for that stupid Sleepy Joe.

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Bingo

Wonder how his investments are faring? I know he said he owns AMD (which has gone from 160 to 60) and NVDA (which has gone from 300+ to 120+).

This is what happens when you take an economy growing at 6% (under Trump) and throw "stimulus" at it and raise taxes to pay for the stimulus and keep things shut down (dem cities) for political reasons and declare war on AMERICAN energy. The Fed, though certainly late with their response, are fighting all of that with interest rates (which won't do it alone), and I fear we have further to fall before things are done to correct the problem (remove the clown from the WH and the dem control of the House).

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Originally Posted by DawgyNWindow

Bingo

Wonder how his investments are faring? I know he said he owns AMD (which has gone from 160 to 60) and NVDA (which has gone from 300+ to 120+).

This is what happens when you take an economy growing at 6% (under Trump) and throw "stimulus" at it and raise taxes to pay for the stimulus and keep things shut down (dem cities) for political reasons and declare war on AMERICAN energy. The Fed, though certainly late with their response, are fighting all of that with interest rates (which won't do it alone), and I fear we have further to fall before things are done to correct the problem (remove the clown from the WH and the dem control of the House).

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Either Goosey is reeling with his investments, like just about everyone else, or he KNEW the stock market would tank under Biden and yet supported that moron anyway. This is worse than experiencing a downturn in the market. Knowingly voting for/supporting someone who will harm our nation. Wow! Of course, it is not a surprise. Trump said weeks before the "Grand Theft Election" if Biden "won" (which he actually didn't) then the market would tank, the economy would crash, illegals would pour across the border, as would deadly drugs, etc...a long list of dire predictions, all of which have come true.

As for the market, true, it is down, but if you're in for the long haul, like I am, it's merely a hiccup and represents huge buying opportunities. One of those investing gurus summed it up perfectly, saying: a store puts a shirt on sale, a name brand, a brand you like, marks it down from $39 to $22 and you....don't buy it! Then when the price goes back up, you swoop in and buy three shirts. Dumb! This is exactly what some investors are doing. Good stocks, good companies have tumbled, and some people are selling rather than buying. If you think it is a lousy stock/company you shouldn't have owned it in the first place. But if you bought it, then hold it and even add to your position.

Of course I am buying NVDA and AMD here! Great cash generating businesses with tremendous growth. They are cyclical, so this is a great time to buy - when their earnings are impacted by macro headwinds and the market multiple is more “normal.” When the next rate cutting cycle begins, they should do very well.

And yesterday’s 2 year T note at 4.2+% yield. Thank you, I will take that too!

The USD is strong. Real strong.

My cost basis in NVDA is in the $30s and AMD around $15. Last time I really loaded up on them was when the Fed was hiking rates in 2018.

Don’t fight the Fed. That is really all you have to know.

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Originally Posted by Guisslapp

My cost basis in NVDA is in the $30s and AMD around $15. Last time I really loaded up on them was when the Fed was hiking rates in 2018.

Don’t fight the Fed. That is really all you have to know.

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But to be clear - I am not offering investing advice. Do your own due diligence.

Three posts of opinion with no assertions of analytical superiority, all backed by reasonable logic and presented in a non-confrontational manner.

I like it.

https://i.postimg.cc/XvSj3hrF/20220929-173813.jpg

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Originally Posted by FriscoDog

https://i.postimg.cc/XvSj3hrF/20220929-173813.jpg

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About 10% of that loss is mine! Yikes! :shocked2:

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Originally Posted by dawg80

About 10% of that loss is mine! Yikes! :shocked2:

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LOL! Even with your losses, you eclipse Elon, the ex-Microsoft fruitcake and Warren Buffett combined!

Well, it was a green day. On paper I made a bundle today, which just means I'll give it all back (and then some) next week :icon_roll:.

don't play politics with your investments

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Originally Posted by sportdawg

don't play politics with your investments

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?????????

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Originally Posted by sportdawg

don't play politics with your investments

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You kinda have to do so.

The more Biden attacks fossil fuel extraction, the higher the price will go.

And it won't end quickly when someone more friendly to proven energy takes office, either. It will take years to ramp up production to the point where it makes a meaningful impact on the GLOBAL price of energy.

In the meantime, I suspect coal will make a decent comeback to help the Europeans keep from freezing to death during the winter.

This is all politically driven, much like the price of Tesla and battery stocks were inflated because of politically initiated subsidies to fuel their popularity.

Mr. Wonderful! not so wonderful...

https://www.youtube.com/watch?v=gbTbzZaxmSw

FTX founder Sam Bankman-Fried has been arrested by the Bahamas police, pending charges coming from the US Attorney General's Office. Bankman-Fried, not understanding his Miranda rights, has been running his mouth.

As for the whole Cryptocurrency sector...no thanks. I think FTX is just the first domino set to tumble.

Tesla is crashing. Just saw a pundit from a Wall Street investment firm setting a price target for Tesla of $85. It's about $150 now. Musk just sold another $3.5 billion worth of Tesla stock, hello! and goodbye! I like Elon Musk and wish him no ill-will, but as I posted some months ago, I have not invested even a dime in any of his companies. Not Tesla, not Spacex, and not Twitter either, none of 'em. Instead, as I posted, I follow the Warren Buffet model of "slow and steady," and I hold "boring" stock in companies like Coca-Cola, Johnson & Johnson, Proctor & Gamble, etc... (and some riskier stocks too, mostly for high income and a little fun!)

Hmmm, I recall my good friend Goosey taking me to task for daring to express praise for Warren Buffet. Goosey was all-in for Musk's companies. Yo, Goosey, I hold Ford stock too, and Ford's EV truck was just named "EV Truck of the Year"!

How can one person, Goosey, be wrong about everything? He's batting 1.000 for being wrong. If Goosey was a blind squirrel...he would never find a nut. Poor guy.

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Originally Posted by dawg80

Tesla is crashing. Just saw a pundit from a Wall Street investment firm setting a price target for Tesla of $85. It's about $150 now. Musk just sold another $3.5 billion worth of Tesla stock, hello! and goodbye! I like Elon Musk and wish him no ill-will, but as I posted some months ago, I have not invested even a dime in any of his companies. Not Tesla, not Spacex, and not Twitter either, none of 'em. Instead, as I posted, I follow the Warren Buffet model of "slow and steady," and I hold "boring" stock in companies like Coca-Cola, Johnson & Johnson, Proctor & Gamble, etc... (and some riskier stocks too, mostly for high income and a little fun!)

Hmmm, I recall my good friend Goosey taking me to task for daring to express praise for Warren Buffet. Goosey was all-in for Musk's companies. Yo, Goosey, I hold Ford stock too, and Ford's EV truck was just named "EV Truck of the Year"!

How can one person, Goosey, be wrong about everything? He's batting 1.000 for being wrong. If Goosey was a blind squirrel...he would never find a nut. Poor guy.

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Hyundai's Ioniq 5 EV won a bunch of awards too. You knew sooner or later real car manufacturers were going to get in and be able to produce comparable vehicles much cheaper. --- I'll be honest, Hyundai has impressed me the last few years. I used to own a Hyundai Veloster N and it was one of the most fun vehicles I have ever driven. They "get" driving these days.

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Originally Posted by dawg80

Tesla is crashing. Just saw a pundit from a Wall Street investment firm setting a price target for Tesla of $85. It's about $150 now. Musk just sold another $3.5 billion worth of Tesla stock, hello! and goodbye! I like Elon Musk and wish him no ill-will, but as I posted some months ago, I have not invested even a dime in any of his companies. Not Tesla, not Spacex, and not Twitter either, none of 'em. Instead, as I posted, I follow the Warren Buffet model of "slow and steady," and I hold "boring" stock in companies like Coca-Cola, Johnson & Johnson, Proctor & Gamble, etc... (and some riskier stocks too, mostly for high income and a little fun!)

Hmmm, I recall my good friend Goosey taking me to task for daring to express praise for Warren Buffet. Goosey was all-in for Musk's companies. Yo, Goosey, I hold Ford stock too, and Ford's EV truck was just named "EV Truck of the Year"!

How can one person, Goosey, be wrong about everything? He's batting 1.000 for being wrong. If Goosey was a blind squirrel...he would never find a nut. Poor guy.

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I don’t own any stock in any of Musk companies. With that said, Tesla has been a huge winner for those that have been in it for awhile.

Having a loose cannon as a CEO comes with certain risks too. The Musk persona has boosted its valuation, but now seems to be becoming an albatross.

He should stick to innovation companies. His social disposition is a detriment for a company like Twitter.

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Originally Posted by weunice

Hyundai's Ioniq 5 EV won a bunch of awards too. You knew sooner or later real car manufacturers were going to get in and be able to produce comparable vehicles much cheaper. --- I'll be honest, Hyundai has impressed me the last few years. I used to own a Hyundai Veloster N and it was one of the most fun vehicles I have ever driven. They "get" driving these days.

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Hyundai Genesis, baby! Best car I have ever owned. Mine was a 390hp, 8-cylinder, plenty enough "get up and go!" I sold it to a friend who LOVED my car and paid me "too much" for it. It is an awesome automobile. I sometimes wish I still owned it.

I have driven...Enterprise rent-a-car....other Hyundais, like the Sonata, and an SUV, and found them to be well-built, quality vehicles.

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Originally Posted by Guisslapp

I don’t own any stock in any of Musk companies. With that said, Tesla has been a huge winner for those that have been in it for awhile.

Having a loose cannon as a CEO comes with certain risks too. The Musk persona has boosted its valuation, but now seems to be becoming an albatross.

He should stick to innovation companies. His social disposition is a detriment for a company like Twitter.

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My buddy! Glad you posted.

Musk is exactly what Twitter needed. Now, I can agree, that he needs to turn over the everyday operation of the company to someone else...as long as that someone else understands and maintains the concept of free speech.

Elon Musk needs to buy Yahoo too.

I posted a 100% truthful/accurate comment about E Trade's "organizational fee" they charged me, $38, for a recent stock option involving a stock I hold and the issuing of a new stock as the result of a merger. I simply posted on Yahoo Finance on the board of the issuing company(stock) that fact.

Yahoo rejected my truthful/factual comment on the basis the "some in the community may find your comment offensive."

But no, censorship isn't happening with the "big tech" social media firms, er, right? Of course, in this particular case it's not a political censorship, since I assume Yahoo doesn't know my political leanings...or, do they? :shocked2:

Waiting for the insider trading investigation. Won't be holding my breath.

Revealed: Paul Pelosi Dumped 30,000 Shares of Google Stock One Month Before DOJ Antitrust Lawsuit Filed This Week (thegatewaypundit.com)

The Bidenites are mad that Chevron is buying back shares (to the tune of $75 billion). Well, Sleepy Joe, Chevron has a fiduciary duty to its shareholders and that's none of your business. If Biden would adhere to his fiduciary duty to American taxpayers we'd all be better off.

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Originally Posted by dawg80

The Bidenites are mad that Chevron is buying back shares (to the tune of $75 billion). Well, Sleepy Joe, Chevron has a fiduciary duty to its shareholders and that's none of your business. If Biden would adhere to his fiduciary duty to American taxpayers we'd all be better off.

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I'm loving the price action after this move AND increasing the dividend! Great AMERICAN company.

Biden's ultimate stupidity has led to unintended consequences. Fortunately, in America he cannot be a dictator....yet.

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Originally Posted by DawgyNWindow

I'm loving the price action after this move AND increasing the dividend! Great AMERICAN company.

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LOL! From 185+ to 170 in about a week or so! I guess I'm not loving the price action anymore.:D

Not selling, though. I will likely leave this Earth with that stock in my account.

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Originally Posted by DawgyNWindow

LOL! From 185+ to 170 in about a week or so! I guess I'm not loving the price action anymore.:D

Not selling, though. I will likely leave this Earth with that stock in my account.

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Just means Chevron's $75 billion will buy back more shares. That's good for investors with steady hands, buy & hold, in the long term.

Keep your powder dry. That's the advice of some market gurus who say the market has already peaked for 2023 and it's all downhill from here. Given who's "in charge" in the WH, this is probably true.

Poor ole Elon...

now his SpaceX rocket, called "Starship" exploded in mid-flight. Failure. Said to be the most powerful rocket ever built. More powerful than the Saturn 5? If so, wow!

Apparently, after a successful launch, the failure occurred because the booster rocket stage did not detach from the vehicle, and when the main engines ignited the booster was still attached causing the explosion. Back to the drawing board Mr. Musk.

Oh, this will have an impact on SpaceX stock and probably on everything Musk owns.

I recently added MTN (Vail Resorts) to my list of favorite stocks. When someone asked me if I thought folks would be able to afford snow skiing vacations, I said people who have money, seem to have plenty of it, although people on the other side of that ever-widening gap seem to struggle more and more. So I’m betting the high-enders will spend. It’s the same principles that put GLPI (Gaming & Leisure Properties) on the list several months back and it’s been a solid dividend producer.

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Originally Posted by ChipDog

I recently added MTN (Vail Resorts) to my list of favorite stocks. When someone asked me if I thought folks would be able to afford snow skiing vacations, I said people who have money, seem to have plenty of it, although people on the other side of that ever-widening gap seem to struggle more and more. So I’m betting the high-enders will spend. It’s the same principles that put GLPI (Gaming & Leisure Properties) on the list several months back and it’s been a solid dividend producer.

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Do you hold or have you at least looked at VICI? It's a REIT operating in the gaming and entertainment industries. It comes highly recommended by several stock investing gurus, but I have not bought any. Seems a bit risky to me. I suppose it's not that much more of a risk than other REITs.

MTN looks interesting but I don't like their high PE ratio. Maybe if the price comes down some. And GLPI also looks interesting.

These "sin" stocks as they are called can be feast or famine, although I have absolutely killed it with Altria (MO), it is one of my top 5 performing holdings.

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Originally Posted by dawg80

Do you hold or have you at least looked at VICI? It's a REIT operating in the gaming and entertainment industries. It comes highly recommended by several stock investing gurus, but I have not bought any. Seems a bit risky to me. I suppose it's not that much more of a risk than other REITs.

MTN looks interesting but I don't like their high PE ratio. Maybe if the price comes down some. And GLPI also looks interesting.

These "sin" stocks as they are called can be feast or famine, although I have absolutely killed it with Altria (MO), it is one of my top 5 performing holdings.

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I don’t have VICI it’s not currently on my list, but I’ll look and see how close it is to making the list.

My list is a list of what I consider to be the best dividend stocks, and my intent when I buy them is to never sell them. But if they get bumped off the list then I sell them and never look back. So the PE actually doesn’t carry much weight with me. The big factors have to do with the characteristics of the dividend they pay.

Altria is amazing. It’s currently #25 on “The List.” I’ve had it since way before the split up and have never sold a share (except in a bad covered call lesson). My dad smoked almost all his life since, starting when the Army gave them to all the soldiers in North Africa, until a few years before he passed away, and he told me the government would never allow and group to eke I ate them because the taxes the government(s) got all the way down the line were obscene. So I just kept buying during the big tobacco lawsuits.

I have only dabbled in selling covered calls, but so far I am batting 1.000. Want to try selling puts and see how that goes.

I am upside down on several REITs, but yes, I hold them for their dividends. Such "losses" are only on paper anyway. A couple of them have kind of gotten away a little, meaning the stock price has dropped 40% or so. But, I am diversified enough where no one stock represents a chunk of my portfolio. And, as my CPA tells me every tax season, I need some deductions to offset other income sources so sell some of those losers. Slowly I am closing the gaps on these upside-down holdings via DRIP and cost-averaging down. Meanwhile the monthly income is great!

One opinion on VICI...

https://www.youtube.com/watch?v=mc07O_2eQTM

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Originally Posted by dawg80

I have only dabbled in selling covered calls, but so far I am batting 1.000. Want to try selling puts and see how that goes.

I am upside down on several REITs, but yes, I hold them for their dividends. Such "losses" are only on paper anyway. A couple of them have kind of gotten away a little, meaning the stock price has dropped 40% or so. But, I am diversified enough where no one stock represents a chunk of my portfolio. And, as my CPA tells me every tax season, I need some deductions to offset other income sources so sell some of those losers. Slowly I am closing the gaps on these upside-down holdings via DRIP and cost-averaging down. Meanwhile the monthly income is great!

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Careful on those options. They can be fun -- fun like the crap table is fun.
Covered calls are safe, but if someone ever loses something they held for many years and worked their ROI up significantly, it can generate a lot of grief. At my age and holding many of these stocks for a lot of years, and them being held because they have a good record of raising their dividends each year, the ROI on many of them is not easily replaced.

Someone may be upside down, but they're never losing as long as that dividend is still coming in and still being raised. Then when a good correction/shake-up/downturn comes you realign and swap out some of those smaller ROIs for larger current yields and nurse that portfolio up. As long as every move i make increases the annual combined dividends of the overall portfolio, i know im moving ahead, and that constant realigning often balances out with gains and losses to ease the taxes.

Dang! time for church

Need to resurrect this thread. 80, what have you been buying recently?

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Originally Posted by SicemDawgz

Need to resurrect this thread. 80, what have you been buying recently?

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Been mostly buying on dips to lower the cost basis of some of my holdings, such as O, for instance. Also opened some small positions in those high yield/high-risk covered call ETFs like TSLY and KLIP. Mostly, I am sitting on a ton of cash as I recently sold two more of my properties and have only invested some of it, in I Bonds and bank CDs. Keep hearing a stock market correction is coming, more than the relatively minor pullback we've seen recently. So, keeping my powder dry, for the time being. I am leaning toward buying more CDs. The short-term rates, like 3-6 months, are quite attractive at 5+%.

I am upside down on a few REITs and trying to decide whether to start dumping them for tax benefits or bite the bullet and dive even deeper lowering my CA to make them more palatable. REITs like AGNC, ORC, TWO, NLY have all tanked in recent years but appear to have found a bottom and also, they have not slashed the dividend in a year or so, So! maybe... in the meantime I am enjoying their substantial income, over 20% in ORC's case. My CPA is always after me to dump some of these "losers" for tax benefits.

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Originally Posted by dawg80

Been mostly buying on dips to lower the cost basis of some of my holdings, such as O, for instance. Also opened some small positions in those high yield/high-risk covered call ETFs like TSLY and KLIP. Mostly, I am sitting on a ton of cash as I recently sold two more of my properties and have only invested some of it, in I Bonds and bank CDs. Keep hearing a stock market correction is coming, more than the relatively minor pullback we've seen recently. So, keeping my powder dry, for the time being. I am leaning toward buying more CDs. The short-term rates, like 3-6 months, are quite attractive at 5+%.

I am upside down on a few REITs and trying to decide whether to start dumping them for tax benefits or bite the bullet and dive even deeper lowering my CA to make them more palatable. REITs like AGNC, ORC, TWO, NLY have all tanked in recent years but appear to have found a bottom and also, they have not slashed the dividend in a year or so, So! maybe... in the meantime I am enjoying their substantial income, over 20% in ORC's case. My CPA is always after me to dump some of these "losers" for tax benefits.

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What are some dividend stocks you’re invested in? I’ve got some positions in Sasol and Kinder Morgan and have done pretty well.

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Originally Posted by SicemDawgz

What are some dividend stocks you’re invested in? I’ve got some positions in Sasol and Kinder Morgan and have done pretty well.

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I have a rather large portfolio across four platforms, a total of 66 stocks/ETFs. As for stocks, I have: MO, T, VZ, JNJ, PG, GLW, K, BMY, GIS, WEN, ATO, COP, PSX, ... and others. I also hold KMI, but not Sasol.

This is what I posted on Yahoo's Finance Forum regarding the pending company spin-off at Kellogg. It was rejected by Yahoo because they say my post "violates community standards."

From a business operational standpoint, I don't see how the spin-off is going to be a good thing. They are creating more TOP HEAVY and redundant positions and thus higher operating costs. Another do-nothing over-paid board and officers just sucking equity out of the organization while contributing nothing. Companies merge to eliminate such redundancy, instead of two CEOs, COOs, CFOs etc...there is only one. Now Kellogg is creating extra costs, not just the higher-ups but a whole host of accountants, middle-managers, etc.. I don't see how this spin-off is good for the company and thus good for shareholders.

:icon_roll:

The last two weeks of September have historically been bear markets. So, if you have designs on opening a position or adding to a current one, the next two weeks should offer good buying opportunities.

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Originally Posted by dawg80

The last two weeks of September have historically been bear markets. So, if you have designs on opening a position or adding to a current one, the next two weeks should offer good buying opportunities.

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True to form we're in the September swoon. Time for some bargain hunting!

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Originally Posted by dawg80

True to form we're in the September swoon. Time for some bargain hunting!

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The swoon has continued into October. This is not just a normal bearish market, this has a lot to do with Bidenomics and his awful, lousy, absent! so-called leadership. I kept telling myself the glass is half full, but it is clearly half empty and getting emptier! The market has not found a bottom yet. Keep your powder dry and wait.

I did nibble a little the past couple of weeks, lowering my cost basis on some stocks/ETFs I plan to hold long term. So, I'm okay with doing that. But, now, I am going to accumulate more cash and watch.

If a democrat wins the WH in 24, you’ll know beyond a shadow of a doubt that the whole process is completely rigged. Biden’s presidency has been an absolute disaster on all fronts. Even Goosey has bailed on him.

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Originally Posted by SicemDawgz

If a democrat wins the WH in 24, you’ll know beyond a shadow of a doubt that the whole process is completely rigged. Biden’s presidency has been an absolute disaster on all fronts. Even Goosey has bailed on him.

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Goosey is delusional and misinformed, but he's not totally stupid. He's embarrassed just how awful Biden has been and is hiding out until this horrific period in US history passes. Goosey does know a thing or two about the stock market, so maybe he'll chime in on this thread. Come back, Goosey, I promise not to bring up Biden, since we all know how awful he is as POTUS.

Mortgage rates inched up again, 7.6% I believe it has hit now. And the Fed is saying another interest rate hike is in the offing, probably this quarter. Inflation continues to increase, so the relatively "good" consumerism will be tested, then a recession might occur. I think too many people have continued to spend like they have been used to and just have no clue how bad it is. Saw a pundit on TV, an economist/financial advisor, and he pointed out that there is a sizeable portion of the population, especially young adults, who have known nothing but very low interest rates and "free" money and are spending themselves into financial disaster because they are, well, stupid! Personal bankruptcies are up 61% year over year, as is bankruptcies for small businesses, up 41%. Warren Buffet just released a statement warning the economy is dangerously close to the edge of the cliff and this collapse will be worse than the 2008 mortgage crisis crash.

With China's housing market crashing with over a million empty homes, also two wars being fought with the potential of them expanding, open borders and high possibility of terror attacks on US soil. I moved all of my 401k money to a money market account and plan to keep it there for the next 3-6 months. Just to see how the geopolitical landscape plays out over the next few months.

https://i.postimg.cc/QChd85dJ/Fiscal-Cliff.jpg

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Originally Posted by FriscoDog

https://i.postimg.cc/QChd85dJ/Fiscal-Cliff.jpg

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Yeppers! those chickens will come home to roost some day. But, the market knows about the national debt and builds that in on a daily basis in conjunction with other news.

We had a "swoon" in September, but October is a...correction? No one is calling it that, but the results sure resemble a correction, albeit a light one. My stock portfolio is down about $80,000 from a peak it hit some 6 months ago, whenever it was. I am still up, overall, though and not the least bit worried about it. In fact, I am nibbling here and there reducing my cost basis on stocks I plan to hold for many, many more years. Others, where I am still in the green, I have already turned off the DRIP and accumulating those dividends in the brokerage's money market accounts for future deployment.

Fortunately, I don't need the money I have invested, so it has become a hobby for me. I just enjoy investing, reading about companies, the market, the economy, how geopolitical events affect the market, the whole ball of wax! BTW, why would anyone want a ball of wax? :icon_roll: The pre-market is looking very RED this morning, so more buying opportunities loom ahead. GLTA and happy investing!

Charlie Munger dead at age 99. Just read a brief biography of him. Pretty interesting.

Not "buying" (literally and figuratively) the hype of the stock market. Over-zealous reaction to "no news" from the Fed. Powell said nothing, essentially, which the bulls took to mean, well, no bad news must equal good news. This is still a struggling Biden economy, despite all the spin-masters, like the stupid Jared Bernstein who is nothing but a mouthpiece for the Dems, trying to paint a pretty picture. Like how they'll say inflation is under control because prices are down compared to 6 months ago. Yeah, right, but still WAY UP when compared to pre-Biden days. I'm sitting on a ton of cash, not buying the bullish hype.

BTW, have you seen the new graphics of CNBC? OMG! looks like a small child with crayons designed it. The pink and lime green color scheme doesn't work for me. Go back to the old graphics, please.

Interesting take on how the high interest rates are actually driving inflation. Guest on CNBC just made the point that high interest rates have inflated savings accounts, money market accounts paying 5%+ and the average person not in the stock market is realizing good gains from standard savings accounts and CDs and safe investment vehicles like those and who now have "money to spend." Most folks like this are what we call "renters" which does NOT mean they are necessarily renting an apartment; it means their overall financial approach is to "live in the moment." They get their monthly bank statement and see $hundreds of dollars in a savings account and just have to go spend it! That is providing them with a new income stream most have never seen before and they lack the discipline to build their savings, thus the term "renters."

Given this should the Fed cut interest rates now to curtail inflation? That's what the guest on CNBC advocates.

I too have piled cash into these safe investment vehicles: money market accounts and CDs (just re-upped a 6-month CD locking in 5.4%...yes the shorter-term CDs are paying higher returns than the long-term CDs). Right now such products make sense.

Market is crashing. Biden/Harris/Dems took credit for a rising market, they won't accept blame for this crash. Probably blame Trump and it will work because of a willing, evil media and stupid voters.

Many market "experts" are predicting, actually some saying "with certainty" there's a market "crash" or "correction" pending. Well, duh, on the "correction" predictions, that's normal. A 5-10% correction (downward of course) should happen in the next 2-5 months, because history shows this to be a normal part of the market. What constitutes a "crash," 20% down? That is what most market watchers use as the benchmark. I have a pretty good cash reserve, so if a 10% correction or a 20% crash happens, I'm ready to jump in and "buy, buy, buy!"

Another curiosity to me is the reaction of investors on individual stocks given news. Many times a company releases financial statements, GOOD results, and a stock plummets on this "good news." The latest example occurring right now with Smucker's, (SJM), yes, the jelly company. I hold 200 shares of SJM and have been pleased with its overall returns. Experts predicted SJM's quarterly earnings to be $2.19 per share (EPS), the PPS was hovering at $125+ based on this prediction. SJM released its official numbers of EPS of $2.44, wow! way better than the predictions. What happens? The stock plummets, right now trading at below $119 PPS. ????? beats me. As an investor, a holder of SJM stock, if you were concerned about the financial health of the company(based on the $2.19 EPS) then you should have dumped shares when it was at $125+. Instead, you dump on good news?

The stock market functions on two basic inputs: 1) rational analysis of the financial health of a company, an industry, the overall economy (i.e. FACTS), and on 2) totally irrational stupidity! Well, I have learned to profit BIG TIME thanks to that irrational stupidity. So, thankyaverymuch.

GLTA

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Originally Posted by dawg80

Many market "experts" are predicting, actually some saying "with certainty" there's a market "crash" or "correction" pending. Well, duh, on the "correction" predictions, that's normal. A 5-10% correction (downward of course) should happen in the next 2-5 months, because history shows this to be a normal part of the market. What constitutes a "crash," 20% down? That is what most market watchers use as the benchmark. I have a pretty good cash reserve, so if a 10% correction or a 20% crash happens, I'm ready to jump in and "buy, buy, buy!"

Another curiosity to me is the reaction of investors on individual stocks given news. Many times a company releases financial statements, GOOD results, and a stock plummets on this "good news." The latest example occurring right now with Smucker's, (SJM), yes, the jelly company. I hold 200 shares of SJM and have been pleased with its overall returns. Experts predicted SJM's quarterly earnings to be $2.19 per share (EPS), the PPS was hovering at $125+ based on this prediction. SJM released its official numbers of EPS of $2.44, wow! way better than the predictions. What happens? The stock plummets, right now trading at below $119 PPS. ????? beats me. As an investor, a holder of SJM stock, if you were concerned about the financial health of the company(based on the $2.19 EPS) then you should have dumped shares when it was at $125+. Instead, you dump on good news?

The stock market functions on two basic inputs: 1) rational analysis of the financial health of a company, an industry, the overall economy (i.e. FACTS), and on 2) totally irrational stupidity! Well, I have learned to profit BIG TIME thanks to that irrational stupidity. So, thankyaverymuch.

GLTA

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SJM is down to $114 PPS. My cost basis is $109. Gets down to that, I'm buying more.

Bloodshed on the Street! Ya gotta love it!

This is like walking into your favorite store, where you buy regularly, and seeing the whole store marked down, everything on sale. You would fill your shopping cart. Of course, you may hesitate wondering if tomorrow it will be marked down some more. But, buying now is still a good deal.

Wow! On paper I have lost $42,000 just this morning. On top of the $14,000 loss yesterday.

What’s even more amazing is every one of my 67 holdings is in the red today. Usually my gold stocks/ETFs go up when the market goes down. But not so far today.

Very impressive “correction”. Maybe a mini-crash ☠️☠️

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Originally Posted by dawg80

Wow! On paper I have lost $42,000 just this morning. On top of the $14,000 loss yesterday.

What’s even more amazing is every one of my 67 holdings is in the red today. Usually my gold stocks/ETFs go up when the market goes down. But not so far today.

Very impressive “correction”. Maybe a mini-crash ☠️☠️

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Peaked at a $53,000 tank today. Oh well, easy come, easy go!

Not really. Bought a little today and hoping the market will find a bottom next week. But, want to back up the truck first.

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Originally Posted by dawg80

Peaked at a $53,000 tank today. Oh well, easy come, easy go!

Not really. Bought a little today and hoping the market will find a bottom next week. But, want to back up the truck first.

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Eventually reached $70,000 down, a week after. But now it's all back plus an additional $9,000 to the good. The lamestream media and the democraps were blaming Trump for the big sell-off. Does he get credit for the big rebound? :icon_roll:

Been through similar swings, watched six figures evaporate on paper in 2022, only to claw it back over the next two years. These days I try not to react emotionally, but if things really crash again, it’s good to know what recourse exists when a brokerage or advisor drops the ball. I bookmarked this resource on securities litigation just in case. Sometimes it’s not the market, it’s the people managing your money.

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Originally Posted by Kentucky Derby 2017

Been through similar swings, watched six figures evaporate on paper in 2022, only to claw it back over the next two years. These days I try not to react emotionally, but if things really crash again, it’s good to know what recourse exists when a brokerage or advisor drops the ball. Sometimes it’s not the market, it’s the people managing your money.

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I gave up trying to figure out the market. It's nutso, no rhyme or reason. We puny little retail investors aren't the ones driving the market, even though with the panickers and the FOMO crowd, retail investors contribute to the swings. It's those damn computers! All the preset markers that trigger with minor moves, turning the minor waves into tsunamis!

Some pundits are predicting a 25% drop in the stock market Monday on the news of our attack against Iran. 25%?? Nah, I doubt that, although there'll probably be a shakeup in certain sectors. Of course, we are more than 24 hours from the opening of the market Monday morning and something else could happen still. But it will take something huge and catastrophic to truly scare investors. I think this event will actually lead to more stability in the Middle East and in the whole world as other bad actors (China, North Korea...) just saw what Trump will do when pushed. And the stock market loves stability and predictability.

But, I will be ready with my finger on the trigger to go bargain hunting Monday should the market sink.

Nope! world markets barely even reacted to the weekend events. Good.

Oil futures are up but that was expected. But short-term oil prices are down today.

The market is down this week, not bad, but down some. But, the big DOWN month looms. Yes, September is historically the worst month for the stock market. It is the only month with an overall, historic loss, losing an average 4.5% annually. This data dating back since they started tracking this metric in 1986. But analysts conducted research from the historic record going all the way back to 1900 and found, yes, September has always been the worst month for the market. The second worst month is February with a historic average of 0.2% growth (green). Not very good but at least still in the green. September remains the only red month for the market.

But, 2025 could be different. First, a lot of market correction is occurring right now, and some pundits are saying the Fed will drop interest rates in September and that will be good for the market. We shall see! But, just a little caveat, September is typically a bad month for stocks. Play it accordingly.