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Post by búfalo on Mar 4, 2021 20:03:06 GMT -5
How has everyone been doing investment wise with the pandemic? I myself got CCL and XOM. Both 40% gains in a short time.
I'm looking at still cheap cruises, airlines, oil, etc. Anything related to when things open up.
Good luck everybody
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Post by wildstubby on Mar 4, 2021 22:10:43 GMT -5
I'm only in money markets. I'm up 1.66% since the beginning of the year but up over 9% since I stuck it in there in 2017. I'm too afraid to play with stock for fear of throwing good money down the tube.
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Post by búfalo on Mar 5, 2021 7:28:19 GMT -5
I always take my time on trades. Everything tanked huge and is slowly coming back so I'm taking advantage. So far so good.
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Post by wildstubby on Dec 5, 2022 21:08:52 GMT -5
This thread could use some resurrecting since I'll bet IRAs and 401Ks are 180 degrees from what they were in 2020. The GATT rate is so high that I retired, otherwise I would lose 25% on my lump sum. Next year they are predicting another 15% loss. So that is a 40% loss in 2 years. My co-workers that remained because they didn't have the time needed to retire are pretty much sentenced to taking an annuity instead of the lump sum. The account that it is going into currently is earning 4.95%. Not enough to support me completely but enough for me to be exceptionally choosy on which job I want to work now!
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Post by scumbuster on Dec 6, 2022 6:06:39 GMT -5
All my 401k has been in cash for almost a year. I think it will stay in cash until some time next year. I am waiting to see what happens with a deeper recession next year and will probably be looking to invest a large chunk into commodities. Hopefully at or near bottom.
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Post by wildstubby on Dec 6, 2022 10:00:46 GMT -5
scumbuster said: I remember reading an article from Morningstar stating that they foresee the Fed getting inflation under control by mid 2023. However, since the US economy is not a fighter jet that can turn 180 on a dime but rather that of an over-fed jumbo jet, it will take at least 2 years before it can improve. I would be 64~65 at the time and wouldn't be able to make up the losses. I'll get a job that I like even if it is less money.
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Post by búfalo on Jan 1, 2023 16:31:28 GMT -5
I sold my Exxon at 111 before the drop. Realized it wansn't going to go a lot higher than that so why keep it there. Worked out.
Cruises still down but I feel I still got in at a good price for long term. Been buying as it drops and waiting. Now looking at airlines more.
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Post by wildstubby on Jan 1, 2023 17:39:15 GMT -5
About 8 years ago, my 401K was about $27K because I had to split 50% with the ex. along with giving her $150K from a previous fund. Believe me it was money well spent. When I retired last month it was worth about $184K. Granted I was fully vested and was putting in 15% since the great war because I no longer had a blood thirsty mammal to sate. On the advice of my financial guy I placed 85% in a 2024 fund and the other 15% went into my company stock fund, (Merck). It seems to have buoyed by the stock because due to Keytruda, it has been growing like a weed! When I rolled it over into an advisory fund, I kept the stock since it was a top performer. It is still continuing to produce.
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Post by búfalo on Jan 3, 2023 21:16:42 GMT -5
VERY glad to hear of that bounce back!
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Any gains?
Jan 12, 2023 17:53:23 GMT -5
via mobile
Post by búfalo on Jan 12, 2023 17:53:23 GMT -5
I'm waiting for a dip.to get in several airlines. Southwest, Jetblue, etc. Other than that, waiting for the cruislines to get back to pre covid prices to sell. Yes, long off haha
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Post by scumbuster on Jan 13, 2023 9:14:48 GMT -5
Im not touching it but TESLA might be a buy now or soon. The price has crashed and big money has been shorting it. I dont know how much lower it can be pushed
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Post by wildstubby on Jan 13, 2023 9:38:50 GMT -5
During the height of the pandemic, Merck was 'kind enough' to give each employee a $1000 worth of stock as a token of 'thanks.' We were deemed essential workers and we had to carry 'papers' stating why we were on the road, (kind of sounds like a throwback to Nazi Germany!). Anyway, the original plan was we had to wait 2 years, (2022) to have access to it. In the meantime, Merck spun off some of its medicines and 'feminine vaccines' (Gardasil), to form a new company called Organon, (Singulair, which is a mature medicine was also 'given' to Organon). So the aforementioned $1K of stock was now 75% Merck stock and 25% Organon stock. At the IPO of Organon, I lost about 20% of value. However, it has recovered since then and last I looked it was worth about $1280. I'm still waiting for my lump sum to arrive, (I got an email stating 20 Jan 2023). That will go a long way to helping out until I am gainfully employed again.
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Any gains?
Jan 14, 2023 18:25:29 GMT -5
via mobile
Post by búfalo on Jan 14, 2023 18:25:29 GMT -5
Cruises ae ticking up to a level as are airlines. I seriously hope airlines dip as I missed the boat, or plane, on them. Tbey still are a good buy I think anyway. I am getting everything down that hasn't popped up yet from the pandemic. All long term
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Post by scumbuster on Jan 16, 2023 12:42:32 GMT -5
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Post by wildstubby on Jan 19, 2023 10:29:40 GMT -5
So last night I was invited to attend a webinar courtesy of my financial advisor, with Dr. Charles Lieberman, of Advisor Capital Management, LLC. Some key takeaways from it that I thought were interesting were that regardless of the outcome from the Ukrainian war, the US wins. He pointed to the fact that Russia and their 'technology advances' are being driven back by older technology. Those dependent on Russian technology will think twice about going to war with any 'western supplied' state. India and Iran are 2 current ones,(Russian supplied). P/E ratio on stocks. He stated the amount of growth on stocks with a high P/E multiplier will be small and greater risk of a larger loss. Whereas he used this analogy with regards to stocks with a low P/E multiplier: "It's hard to hurt yourself falling out of a basement window." They have higher risks but a better reward. Lastly he stated that we are definitely going into a recession. Originally, he speculated that it would happen the 2Q 2023 but stated he now thinks it will go into the last quarter or the first quarter of 2024. He predicted it to be shallow at about 3.5% I don't know too much about the ins-and-outs of the economy. Whether what this fellow is stating will happen or not. However, since for the time being I am retired, I will be paying much more attention to the stock market and what the Fed has to say about rates. He did touch on that but I wanted to get the important stuff out.
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Post by scumbuster on Jan 19, 2023 11:01:35 GMT -5
So last night I was invited to attend a webinar courtesy of my financial advisor, with Dr. Charles Lieberman, of Advisor Capital Management, LLC. Some key takeaways from it that I thought were interesting were that regardless of the outcome from the Ukrainian war, the US wins. He pointed to the fact that Russia and their 'technology advances' are being driven back by older technology. Those dependent on Russian technology will think twice about going to war with any 'western supplied' state. India and Iran are 2 current ones,(Russian supplied). P/E ratio on stocks. He stated the amount of growth on stocks with a high P/E multiplier will be small and greater risk of a larger loss. Whereas he used this analogy with regards to stocks with a low P/E multiplier: "It's hard to hurt yourself falling out of a basement window." They have higher risks but a better reward. Lastly he stated that we are definitely going into a recession. Originally, he speculated that it would happen the 2Q 2023 but stated he now thinks it will go into the last quarter or the first quarter of 2024. He predicted it to be shallow at about 3.5% I don't know too much about the ins-and-outs of the economy. Whether what this fellow is stating will happen or not. However, since for the time being I am retired, I will be paying much more attention to the stock market and what the Fed has to say about rates. He did touch on that but I wanted to get the important stuff out. My 41k has been in cash for a year anticipating a recession. The market is down a lot in that time frame so I am glad I got out when I did. Im not ready to dip my toe back in the market yet. The video I posted above is from a guy that does daily stock technical analysis videos that are interesting. But in general only several of the stocks he reviewed I would consider buying. I did get more bitcoin at near bottom in the last 6 months. My original bitcoin purchase was way back when bitcoin was under $1000. I wish I had bought more than 1 then.
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Any gains?
Jan 19, 2023 11:33:53 GMT -5
via mobile
Post by búfalo on Jan 19, 2023 11:33:53 GMT -5
Wow scum, under 1K or bitcoin! That is awesome. Did you ever get out or have a target? I haven't touched Crypto.
The video was excellent but way past my level. I do see their updates every week to see what earnings are coming up.
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Post by wildstubby on Jan 19, 2023 16:15:00 GMT -5
I don't see anything positive about crypto currency for awhile until the market gets over this FTX fiasco!
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Post by scumbuster on Jan 19, 2023 16:57:13 GMT -5
I don't see anything positive about crypto currency for awhile until the market gets over this FTX fiasco! Its up about 5K in the last week. Its over 21K now. Looks like FTX was just temporary. It could very well be about 2 years. In 2 years there is what they call a halfling. That's when the Bitcoin reward to the miners reduces by 50%. That has always lead to a jump in prices. Less bitcoin will be mined, so less entering the market will increase the cost. When it was 15k was probably a good entry point but if a hard recession hits there could be more people liquidating there positions causing it to drop again. I fully expect the next spike to or over 100K. The last spike was to 60K and the one before 20K. Its been putting in higher highs and higher lows. The halfing is actually closer than I thought. In 2024. www.coinwarz.com/mining/bitcoin/halving#:~:text=Bitcoin%20halving%20is%20the%20term%20used%20to%20identify,schedule%20is%20called%20the%20Bitcoin%20block%20reward%20halving.
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Post by scumbuster on Jan 19, 2023 18:42:38 GMT -5
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Post by scumbuster on Jan 21, 2023 13:08:34 GMT -5
Bitcoin has been making gains. Up another 2k to 22,300 this morning. As long as we dont get a couple whales with big stashes selling off and bringing down the price we should see it stabilizing here or even increasing more. Some of the early bitcoiners socked away hundreds or thousands of bitcoins when they were pennies or dollars each. They can move the market when they decide to dump coins. Im not going to get too excited till I see it break 30k again.
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