ADVERTISEMENT

Stock Advice Thread

Deeeefense said:
Just keep looking at your General MIlls stock - hide the other crap.:cool:
Click to expand...


I’m reminded of a few quotes from Buffett.

1. “It would be beneficial to everyone if they only reported returns on investments once a year.”

2. “Investments should be made with the mindset that you put the money in......go on vacation for 20 yrs....without anyone handling your affairs.....and return from the vacation without worry.”
 
  • Like
Reactions: AustinTXCat, jameslee32 and Century Cat
BlueRaider22 said:
I’m reminded of a few quotes from Buffett.

1. “It would be beneficial to everyone if they only reported returns on investments once a year.”

2. “Investments should be made with the mindset that you put the money in......go on vacation for 20 yrs....without anyone handling your affairs.....and return from the vacation without worry.”
Click to expand...

Says Buffett, the guy getting crushed on OXY.
 
  • Like
Reactions: jameslee32 and BlueRaider22
Baller Cal said:
He's a great investor, but I'd never follow him as I'm a dividend investor and he's not. He's also admitted that he "knows nothing" about Technology stocks.
Click to expand...


He’s a huge dividend investor. It just not an essential priority when he chooses investments.
 
Baller Cal said:
Of course he will, but he's had some putrid investments.
Click to expand...


Who hasn’t? I thought you were just being sarcastic/funny about his losses....but I guess not.

I’m certainly not going to poke fun of his investments. That’s like me.....who played basketball in HS, had a few college scholarships......making fun of Michael Jordan about that one bad game he had that one time.
 
  • Like
Reactions: jameslee32
BlueRaider22 said:
Who hasn’t? I thought you were just being sarcastic/funny about his losses....but I guess not.

I’m certainly not going to poke fun of his investments. That’s like me.....who played basketball in HS, had a few college scholarships......making fun of Michael Jordan about that one bad game he had that one time.
Click to expand...

My bad. Seemed like you were comparing him to God above. And yes, I was being sarcastic but it seems you don't like it being pointed out that he's not perfect so I'll stop citing examples.
 
Baller Cal said:
My bad. Seemed like you were comparing him to God above. And yes, I was being sarcastic but it seems you don't like it being pointed out that he's not perfect so I'll stop citing examples.
Click to expand...



Whoah?! God? No.....that’s a hard no.

But he is one of the greatest investors of all time.....and has done it on a consistent basis for about 80 years. All I did was post a few quotes about his philosophy.
 
  • Like
Reactions: Baller Cal
BlueRaider22 said:
I’m reminded of a few quotes from Buffett.

1. “It would be beneficial to everyone if they only reported returns on investments once a year.”

2. “Investments should be made with the mindset that you put the money in......go on vacation for 20 yrs....without anyone handling your affairs.....and return from the vacation without worry.”
Click to expand...

Hard to differ with the Oracle but what we had in 2008 and now this are what's call "black swan" events - usually you never see more than one in a lifetime. Normally trying to time the market or following the crowd causes you to lose money. The market is driven by two forces, greed and fear. You want to buy into fear and sell into greed but most people do just the opposite. However in a black swan event all bets are off. When in doubt sell off and mitigate your losses until things stabilize. I'm glad I sold off incrementally early on. I still took loses but no where near what I would have taken if I tried to "ride it out". So much uncertainty right now, the only thing we know for sure is the economy is going to be devastated for a while and we are already in a recession.
 
  • Like
Reactions: BlueRaider22
gobigblue812 said:
Thinking about grabbing Abbvie, ATT, Microsoft or Apple while they are down.

I like the dividends of the first two and the growth of the last two .
Click to expand...

A lot of these stocks so look really tempting right now and as long as your plan is to hold them for several years you will come out fine. Personally I'm waiting for some small signals to appear that the we are starting to get a handle on the spread of the virus. I would rather buy on the way up, and not catch the bottom, as opposed to buying on the way down and take more losses.
 
  • Like
Reactions: CatOfDaVille, BlueRaider22 and DaytonKat
Deeeefense said:
A lot of these stocks so look really tempting right now and as long as your plan is to hold them for several years you will come out fine. Personally I'm waiting for some small signals to appear that the we are starting to get a handle on the spread of the virus. I would rather buy on the way up, and not catch the bottom, as opposed to buying on the way down and take more losses.
Click to expand...


Yes, i do plan on holding these stocks.
 
gobigblue812 said:
Thinking about grabbing Abbvie, ATT, Microsoft or Apple while they are down.

I like the dividends of the first two and the growth of the last two .
Click to expand...
I've been in ABBV DRiP for roughly 7 months now. No complaints. Also purchased 100 shares via broker and realized a nice gain last year. Not happy with their book value, but otherwise a great growth stock. Might purchase more this on this dip.

T: Been in and out at least 3x over the past 20 years. Another solid dividend play with modest upside.
 
  • Like
Reactions: jameslee32
Deeeefense said:
Hard to differ with the Oracle but what we had in 2008 and now this are what's call "black swan" events - usually you never see more than one in a lifetime. Normally trying to time the market or following the crowd causes you to lose money. The market is driven by two forces, greed and fear. You want to buy into fear and sell into greed but most people do just the opposite. However in a black swan event all bets are off. When in doubt sell off and mitigate your losses until things stabilize. I'm glad I sold off incrementally early on. I still took loses but no where near what I would have taken if I tried to "ride it out". So much uncertainty right now, the only thing we know for sure is the economy is going to be devastated for a while and we are already in a recession.
Click to expand...



Oh yeah. I completely understand all of this. It just means more buying opportunity.....
 
  • Like
Reactions: jameslee32
Deeeefense said:
A lot of these stocks so look really tempting right now and as long as your plan is to hold them for several years you will come out fine. Personally I'm waiting for some small signals to appear that the we are starting to get a handle on the spread of the virus. I would rather buy on the way up, and not catch the bottom, as opposed to buying on the way down and take more losses.
Click to expand...



Or you can sprinkle the buys among the bottom floor.
 
A slow and steady climb from Wednesday's lows is a good sign that maybe the hedge funds have stopped liquidating for now. Picked up a software company yesterday, IAC, hoping to buy more lower but not getting the chance right now. I have maybe 5 buy orders waiting vs one sell at this point. Many are 20% lower than current prices. Not sure we will get there. Increased the wife's 401k contribution as well.
 
  • Like
Reactions: Deeeefense
In my personal portfolio, I have stocks spread out with a couple of REIT's getting crushed. One is a hotel REIT, initially I was going to hang on to and see it how weathered long term but finally had to cut it. If it hits the $2-3 range like I think it will, I can pick it back up and increase shares 2-3x in the long term. I just hope a few of them stay out of bankruptcy. There will be another wave when the impact of job losses hit, I don't know how much of that has been priced into the market now or if we are going to see another drop. That is my wait and see.
 
  • Like
Reactions: jameslee32
Not to be a doomsayer, but I'm pretty sure this is the start of an actual depression. Our optimized service economy looks really dumb when the demand that needs to be serviced doesn't exist. People might be ready for 2 weeks of this, but 2 months? No ****ing way.
 
Who will be the first Lehman Brothers to go? cruise line? airline? hotel chain? their stocks are all so beat up now it's probably too late short them but you never know.
 
I'm sifting through the rubble this AM and in anticipation of the zillion dollar bill that should be worked out soon here's what I picked up:

Amazon - had sold all of my holdings early on but it's apparent that Amazon is going to come out of this i pretty good shape - they just hired 1000 workers. Companies don't hire if their business is declining.

American Outdoor Brands - holding company of Smith & Wesson, Glock, Colt and other gun companies. Long lines at the gun stores translates to increased revenues.

Las Vegas Sands - Casinos have taken a huge beating, but IMO they will get some assistance from the bail out and this particular casino's ownership is well connected if you know what I mean.

@DaytonKat any free advice today?
 
  • Like
Reactions: jameslee32 and AustinTXCat
CatOfDaVille said:
So, three straight days of gains. Did I miss the bottom?
Click to expand...


I seriously doubt it. With COVID just now spiking in the US......and most companies haven't reported quarter earnings yet.......I figure we'll see a bunch of yo-yos for quite some time.

I would suggest don't try to aim for the bottom of the bottom. Sprinkle or carpet bomb the bottom. For instance if you see something really attractive tomorrow, buy in 25%.........wait a couple of wks........then buy in another 25%..........then wait......then buy in 25%..........etc.
 
  • Like
Reactions: Mayoman, BlueThruAndThru and CatOfDaVille
BlueRaider22 said:
I seriously doubt it. With COVID just now spiking in the US......and most companies haven't reported quarter earnings yet.......I figure we'll see a bunch of yo-yos for quite some time.

I would suggest don't try to aim for the bottom of the bottom. Sprinkle or carpet bomb the bottom. For instance if you see something really attractive tomorrow, buy in 25%.........wait a couple of wks........then buy in another 25%..........then wait......then buy in 25%..........etc.
Click to expand...
Great advice! I've got cash sitting in my account waiting to pounce, but the volatility has me second guessing myself.

Maybe I'll throw a few limit orders out there and see what bites in the next week or two.
 
  • Like
Reactions: BlueRaider22
CatOfDaVille said:
Great advice! I've got cash sitting in my account waiting to pounce, but the volatility has me second guessing myself.

Maybe I'll throw a few limit orders out there and see what bites in the next week or two.
Click to expand...



This is just my personal opinion, but I think this is going to take a while. I think the economy will "start" to open back up in April/May. People will be cautious for a while......and companies will report heavy early losses. This will keep prices down. Assuming there isn't another massive wave of COVID, I think in late Summer/Fall, things will start to take off.

Recessions often last 3-18 months.......so, who knows about the timeline. But you've got time.
 
Ohhhh, and things like Royal Caribbean or Carnival........These were hit very hard. They're gonna report heavy, heavy losses and it's going to take a long time for the public to get their confidence back for the cruise industry. I think there will be a bit opportunity here, but you're gonna have to be very patient if you buy in.
 
  • Like
Reactions: robh1975
It’s also an election yr.....which is always shaky for the market anyway. It’ll love Trump getting re-elected......and likely hate any Dem nom.
 
Deeeefense said:
better to come in on the way up then try to try to time it on the way down and get hammered.
Click to expand...

How would you get hammered if you hold several years like you mentioned above? Hammered on paper short-term, sure, but who cares if you are going to hold longterm? Picked up a boatload of RDS.B from 25 down to 20 and won't even look at it for 1 year as I hold everything for a minimum of 1 year so as to avoid short term capital gains taxes.
 
  • Like
Reactions: Lamar Card
My financial advisor thinks I should open a mutual fund right now. Don't currently have one.

Have just IRA's, 401K, Money Market and CD's.

Anyone who is financial advisor...would you recommend?
 
I'd take financial advice with a shaker of salt right now. These are absolutely uncharted waters. I'm sure some Michael Burry autist has figured out exactly what will happen and will make a documentary in 2028, but Joe Schmoe finance degree? Ehhh.
 
  • Like
Reactions: HagginHall1999
An index fund is never a bad idea. Sector based ones perhaps as well. I'd place 1/3 of the allocated funds in one now and wait for a drop to buy more. Do your research and consider ones that track the total stock market, the total bond market, emerging markets, the S&P 500, technology, healthcare and perhaps the Russell 1000 or 2000.
 
  • Like
Reactions: AustinTXCat and Deeeefense
You must log in or register to reply here.
ADVERTISEMENT

Latest posts

ADVERTISEMENT
Top Bottom
Back