Trump making a comeback and stocks are too.
No surprise.
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Trump making a comeback and stocks are too.
No surprise.
[QUOTE=bladefd;14171367]Yeah, the best option is to wait it out. I was considering selling a few stocks to move into money. I can probably sell a few apple stocks and just wait in cash to pull the trigger on some diversified ETFs instead like SPY. I'm not very diversified - like 70% of my stocks are in tech, which is dangerous.[/QUOTE]
Are there any good alternatives to tech stocks? I also have stocks of Apple, Microsoft, and Tesla. But I chose these companies because I believe in the managers who are running the companies. And what do you think about investing in real estate?
[QUOTE=Jeremy Buendo;14177108]Are there any good alternatives to tech stocks? I also have stocks of Apple, Microsoft, and Tesla. But I chose these companies because I believe in the managers who are running the companies. And what do you think about investing in real estate?[/QUOTE]
Healthcare companies. Like etf IHF has little of every major health care company. Under president Biden, it's a good bet long-term.
Real-estate is good too. I bought a few nly for passive income, but just going to grow it for now with dividends. I don't have much of it but it looks like a safe bet with 10 billion dollars of market cap
So I know the finances of a major hospital myself (Sentara), and from the last financial meeting I can tell you COVID testing is a huge money grab.
Eventually the no question asked reimbursement is going to get limited, but right now money is quickly being spent on staff raises and bonuses.
Obviously this is abuse to the system, more specifically medicare... but private insurances can eat it.
[QUOTE=rawimpact;14177599]So I know the finances of a major hospital myself (Sentara), and from the last financial meeting I can tell you COVID testing is a huge money grab.
Eventually the no question asked reimbursement is going to get limited, but right now money is quickly being spent on staff raises and bonuses.
Obviously this is abuse to the system, more specifically medicare... but private insurances can eat it.[/QUOTE]
What are your thoughts on universal healthcare?
Our current system is a joke. More and more people are realizing it.
[QUOTE=ItsMillerTime;14177603]What are your thoughts on universal healthcare?
Our current system is a joke. More and more people are realizing it.[/QUOTE]
Well I don't know if I have a true answer. The debate between universal healthcare vs private is a valid one -- maybe not on the reasons they talk about but there are definetly pros and cons.
Mind you, my bias comes from 1. my wife is a physician and 2. I am also employed in healthcare... so take what you will from my opinion
In order for universal healthcare to work without going broke, you need to have a higher deductible (i'm talking about medicare since that's the closest thing we have). Now that deductible can shrink based on age (closer to retirement = lower deductible) but where it stands now a 200 dollar deductible is a joke. Another option is a Part A premium for those that are not close to retirement -- and again, this can be tiered based on age.
Secondly, the fear of universal healthcare is the process itself as well as physicians/providers being killed in reimbursement. Medicare has the absolute lowest reimbursement rate of all insurances, that is unrefuted. Now, I think a lot of providers would be willing to accept that if deductibles were raised and some of that Part A premium went towards better reimbursement.
Lastly, acceptance of 'Research studies' reimbursement is non-existent. The process and time it takes for changes in medicare is way too lengthy so patients have to sign an advanced beneficiary agreement (ABN) and pay out of pocket for treatments that other insurers (private) accept and pay. So there's obviously work that needs to be done there.
Now, lets talk about obamacare right.
Many people were happy to now be insured -- but at what cost and was it really insurance?
If you look at deductibles, insurance plans offered through the obamacare had HUGE deductibles to the point where they had to start offering a HSA plan. I believe 9 out of 10 plans were high deductible ($5,000+). That's not insurance IMO -- that's a safety net. I think a lot of people who had private insurance prior to this saw that and opted out only to be penalized with the no-insurance penalty.
[QUOTE=bladefd;14177536]Healthcare companies. Like etf IHF has little of every major health care company. Under president Biden, it's a good bet long-term.
Real-estate is good too. I bought a few nly for passive income, but just going to grow it for now with dividends. I don't have much of it but it looks like a safe bet with 10 billion dollars of market cap[/QUOTE]
I guess that buying healthcare stocks is more than wise nowadays, you are right! Thanks for the advice :bowdown: It would be interesting to see what will be more profitable: healthcare or IT sector in long-term.
My fellow real estate agent once told me that due to the pandemic buying some European property will bring lots of money (theoretically, of course) in 5-10 years. The price for real estate there starts from about 100k euros. Quite expensive :( Due to pandemic and coronavirus property cost is going low. He said that property in Costa Calida is particularly advantageous to buy because of its location. That is what I am talking about [url=https://virtoproperty.com/property-for-sale/costa-calida][img]https://www.propertyguides.com/spain/media/sites/4/View-of-the-city-of-Aguilas-from-San-Juan-de-las-Aguilas-castle-AlmeriaSpain.jpg[/img][/url]
I bought couple IHF etfs after selling some bank stocks. I don't have money to buy more, but it's okay.. It will go up a lot once the election is final
[QUOTE=Jeremy Buendo;14177838]I guess that buying healthcare stocks is more than wise nowadays, you are right! Thanks for the advice :bowdown: It would be interesting to see what will be more profitable: healthcare or IT sector in long-term.
My fellow real estate agent once told me that due to the pandemic buying some European property will bring lots of money (theoretically, of course) in 5-10 years. The price for real estate there starts from about 100k euros. Quite expensive :( Due to pandemic and coronavirus property cost is going low. He said that property in Costa Calida is particularly advantageous to buy because of its location. That is what I am talking about [url=https://virtoproperty.com/property-for-sale/costa-calida][img]https://www.propertyguides.com/spain/media/sites/4/View-of-the-city-of-Aguilas-from-San-Juan-de-las-Aguilas-castle-AlmeriaSpain.jpg[/img][/url][/QUOTE]
Tech will be more profitable in long-term but it's important to be diversified. You don't want to go all in on a single sector. I started off with all tech then added some financial, clean energy, real estate and now healthcare. When I have some money, I plan on adding some airlines in December.
Btw I don't mean buy real estate property lol. I mean real estate sector. Like I have NLY, which invests in property across the country. You don't actually buy property but the stock in a real estate business, which rents out to customers/stores/businesses on properties they own. You are just a shareholder and collect high dividends each quarter.. I don't know if Europe has REITs.
the Dow :eek:
up 1,500 so far this morning
WOW
I think this is the single most profitable day I've ever had investing in my life...everything is WAY WAY up
never seen anything like this
[QUOTE=~primetime~;14180434]I think this is the single most profitable day I've ever had investing in my life...everything is WAY WAY up
never seen anything like this[/QUOTE]
Yeah awesome COVID news today.
But I also read the headline (not the article) that some apple iphone manufacturer was suspended for labor violation in china? How is that even possible when we know China has pretty laxed laws (or atleast enforced) in regards to labor
Edit: Also oil price up big today as a result of COVID so time to fill up gas
I'm up 15-20% right now.
Trump's market. Get in while you can. He's going to be one of the greatest and the vaccine is soon.
So this is what I'm wondering...Pfizer announces their vaccine trials are a success, SO...how does this affect stimulus?
Up until today the market has been going up on a perceived stimulus payday from Trump or Biden...but now that there looks to be a successful vaccine, I wonder if that will either do away with stimulus or decrease it a great deal.
when that is announced, the marker will dip a great deal I think
Stimulus is done. There will be none as nobody needs it. Unemployment rate dropping.
The market is not banking on a stimulus. It took a huge dip a few weeks ago due to delays in the vaccine. Now Pfizer is ready and the market shot up big. They just threw Biden's name in there for no reason.
This is what Trump was talking about.
You guys are screwed though if you didn't pay your payroll taxes because Trump may not forgive it. If re-elected he may forgive it but you guys screwed up again.
The vaccine is far more important than any stimulus package. It only dropped once when stimulus was delayed and that was because the small investors like blade are cashing out. Guys like me are riding the wave and making a killing.
Dog eat dog world. The stock market and this thread is as capitalistic as it gets.