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Post by MoBuckChaser on Feb 5, 2018 20:22:13 GMT -6
5 months ago your Financial Guru got 1/3 of your positions out of the markets, now he's flip flopping you from good to bad. Hope he doesn't tell you Enron is making a comeback! Actually, he's got me in a pile of cash.....waiting for "some" opportunity to present itself. Not sure if that will be stocks or bonds. If the Muni bond rates go high enough....that could be a good thing for me (I like s sure thing)......but I think we are awaiting a big downturn in the overall market for some entry point in stocks. Recent times it seems were just a bit dicey and little reason to put all your money at risk.....therefore at times you gotta wait it out......and better (?) opportunity presents itself. At least that is the premise on which we took some money out of the stock market....and parked it on the sidelines. That is kinda like saying that there is no good deals on land right at the moment....but if we wait a bit....a good deal will come along. .....and "poof" it will. . Funny, I am in a dry streak on finding some land right now for a great deal. Found plenty of ok deals, but nothing 50% under valued yet! Maybe if the big boys run the markets down some more, I will stop looking for land and start bottom picking in the markets again......
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Post by MoBuckChaser on Feb 5, 2018 20:33:49 GMT -6
The Barracuda did get her info from the Robson gal in charge of trying to get us down there and take our money. So the old lady is working me hard to get down there for a look. If those house prices start coming down soon, I may have to start looking in your back yard now! LOL!
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Post by Foggy on Feb 5, 2018 20:57:16 GMT -6
The Barracuda did get her info from the Robson gal in charge of trying to get us down there and take our money. So the old lady is working me hard to get down there for a look. If those house prices start coming down soon, I may have to start looking in your back yard now! LOL!
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Post by Foggy on Feb 5, 2018 21:01:43 GMT -6
The Barracuda did get her info from the Robson gal in charge of trying to get us down there and take our money. So the old lady is working me hard to get down there for a look. If those house prices start coming down soon, I may have to start looking in your back yard now! LOL! Riiiiight. Year over year.....home prices here are up like about 20% or so. They aint going down cause you want 'em to MO. Just saying. Unless you and your Mrs are huge golfers and want to be here for many months each year...there are better options out their for many folks. I like it here....but like many places....it's not the end-all for everyone. Lots of choices in real-estate here in "the valley". Many are cheaper.....many cost more. You gotta pay for what you want and need. They are all good. . FORE
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Post by MoBuckChaser on Feb 5, 2018 21:05:52 GMT -6
Riiiiight. Year over year.....home prices here are up like about 20% or so. They aint going down cause you want 'em to MO. Just saying. Unless you and your Mrs are huge golfers and want to be here for many months each year...there are better options out their for many folks. I like it here....but like many places....it's not the end-all for everyone. Lots of choices in real-estate here in "the valley". Many are cheaper.....many cost more. You gotta pay for what you want and need. They are all good. . FORE She wants me to join a pickle ball league is the only reason she wants to move there. I have never played pickle ball, but I bet I hate it! LOL!
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Post by sd51555 on Feb 5, 2018 21:28:23 GMT -6
This still isn't much to talk about. We've been set back 30 days worth of gains. Take off another ten percent and I'll get excited about fishing for deals. I went through my list and the shingles blew off the best stocks and the lesser ones didn't move near as much. So far there is still no divergence from one company or sector to the next.
Now is a good time to reflect on Mo's reminder: "You don't make anything until you sell."
Same goes for losing. You watch, by Wednesday, this will be over, and we'll still make S&P 3000 by the end of summer. Only this time around there will be two more quarters of earnings to justify it.
And here's Bob's take on it. (These are not ticker symbols.)
trfgggggggggggggggggggggggggggggggggggggggg||||||||||||||/bgv BVGGGggggggggggggggggggggg
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Post by Sandbur on Feb 6, 2018 7:42:20 GMT -6
Appears a slight correction is taking place right now. Question is, when does it end? The Fed upping the rate should not hold this much sway over the markets, yet the "players" use this type of thing to manipulate the markets every time the Fed adjusts. And all the news groups are playing on the biggest point drop in history.
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Post by Bwoods11 on Feb 6, 2018 10:11:03 GMT -6
They want TRump to fail, Democrats would rather lose money in their portfolio than see Trump continue to have record market returns....it is unbelievable. Star Trib guys have been saying "Thanks Obama" to the stock market records, until yesterday they said ...this is Trump causing the dip....hilarious.
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Post by MoBuckChaser on Feb 6, 2018 13:36:34 GMT -6
My investment guru's sold some of my Amazon today......and bought some Chevron. Reduced the beta here. Been doing a few of these sort of trades to take some "hot money" off the table. They think this market is quite overbought. OTOH....they been looking for a correction for some time......thus I have missed some opportunity with cash. They best be right. . I've posted a few things like this MO. We took quite a bit of risk off the table in the past year.....and my portfolio likely goes down at about 40% of the "market" (S&P). However I gain about 65% on the up days. It's a good trade-off for risk vs reward. How? you may ask: "alternative investments" is the answer. (my alternatives are MLP funds - we own oil in the pipelines and such.....and floating rate funds.....and a few other things that dont correlate to the general stock market.). . If you owned MLP's in the oil business, you got your wings clipped some. MLP's are great when they are going in a guys favor, suck when they don't. One of the things I did in early 2014 was sell my AT&T that was paying me 5.5% dividend but was always flat on price increase, for a company called Seagate paying 5.2% dividend. It was supposed to take off. It did, so I watched it go from $48 up to about $65, and now back down to $48 this week in 5 years. So all I really did was cost myself some dividend money, wasn't a smart play on my part at all. This is my last stock, I will do all low cost mutual funds from now on. I can't pick a winner in the stock market to save my ass!
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Post by Bwoods11 on Feb 6, 2018 14:01:08 GMT -6
Bought some more Exxon and Apple today...Apple has been a stellar stock and I honestly do not think it is priced at where it should be they have close to $300 billion in cash, plus a steady dividend
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Post by MoBuckChaser on Feb 6, 2018 14:11:32 GMT -6
Bought some more Exxon and Apple today...Apple has been a stellar stock and I honestly do not think it is priced at where it should be they have close to $300 billion in cash, plus a steady dividend I don't understand enough to know what is a good or bad stock in the markets as one false rumor can and does send them off the cliff sometimes. But if a guy looked at Buffett's top ten holdings and bought those, I think we could do ok. JMO!
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Post by MoBuckChaser on Feb 6, 2018 14:38:39 GMT -6
Turn around Tuesday is looking good for the markets today!
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Post by MoBuckChaser on Feb 6, 2018 20:43:13 GMT -6
My buddy seen a so called investment guy today. This is what he pitched him to invest his money in. The sales pitch was it was kinda like a CD, but had more upside potential. I told him to never go back to that guys office. Check this scam out! LOL!
J.P. Morgan Efficiente Plus DS 5 Index (Net ER)
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Post by sd51555 on Feb 6, 2018 21:00:12 GMT -6
Bought some more Exxon and Apple today...Apple has been a stellar stock and I honestly do not think it is priced at where it should be they have close to $300 billion in cash, plus a steady dividend They've been sitting on a quarter trillion dollars in cash for far too long. I jumped off when they hit $160 the first time. That money stands as a monument to them not knowing what to do next. They've got little side businesses that are doing great, but big picture, they're stagnating far as I can tell. If they had one good idea and put it to work with that cash, they'd be a trillion dollar company in no time. I set a bunch of limit orders this morning before I left, expecting another down day (futures were down as much as 2.5% in premarket very early this morning). Lo and behold, it ended a day early. I ended up only making one move through all this, and it was small. What a let down.
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Post by MoBuckChaser on Feb 6, 2018 21:03:15 GMT -6
Bought some more Exxon and Apple today...Apple has been a stellar stock and I honestly do not think it is priced at where it should be they have close to $300 billion in cash, plus a steady dividend They've been sitting on a quarter trillion dollars in cash for far too long. I jumped off when they hit $160 the first time. That money stands as a monument to them not knowing what to do next. They've got little side businesses that are doing great, but big picture, they're stagnating far as I can tell. If they had one good idea and put it to work with that cash, they'd be a trillion dollar company in no time. I set a bunch of limit orders this morning before I left, expecting another down day (futures were down as much as 2.5% in premarket very early this morning). Lo and behold, it ended a day early. I ended up only making one move through all this, and it was small. What a let down. Markets do a key reversal today, and thats a let down?
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