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[QUOTE=FKAri;13951530]Except that we can't really call bottoms. We aren't all privy to Senate Intelligence hearings.[/QUOTE]
You don't even have to call bottoms. Just go by dollar cost average and do a monthly deposit into low cost ETFs and index funds.
This is attainable by middle class people in America.
Which ETFs? Spydr? I might buy a few, trying to figure out whether to keep cash in bank or invest small sum..
[QUOTE=bladefd;13951641]Which ETFs? Spydr? I might buy a few, trying to figure out whether to keep cash in bank or invest small sum..[/QUOTE]
Vanguard S&P 500 Index Fund
I have been buying United Airlines stock over the past week at various price points. As low as $18 and as high as $25. I am going to keep loading up on it if it goes below $20, which it likely will. This is a company that was trading at $96 before this crap happened and it is now hovering in the mid 20s. Buy and hold for two years and you will thank me later! Another piece of advice I would give is to buy a bullish leveraged ETF once this is all comfortably over. This will rocket ship your gains once the market gets back on track, which it will! Your welcome.
[QUOTE=FKAri;13951427]You could've said the same about Bear and Lehman's. Granted Boeing is more important to its industry than they were but they were still giants. You might argue that they collapsed not because of external turmoil but because of internal failures but Boeing has had not the same level of internal issues but still had issues for the last year or so. Another point: Airbus still exists.
You're probably right (and I do think Boeing is a great buy soon but probably not yet) but this uncertainty is reflected in the stock price.[/QUOTE]
its at 158 now... 25% return so far
[QUOTE=rawimpact;13954129]its at 158 now... 25% return so far[/QUOTE]
I got 1 stock of Boeing at $95 :oldlol:
Kicking myself for not getting more but didn't have the cash since stupid me threw it onto Walmart first
[QUOTE=bladefd;13954141]I got 1 stock of Boeing at $95 :oldlol:
Kicking myself for not getting more but didn't have the cash since stupid me threw it onto Walmart first[/QUOTE]
Hindsight man... works both ways.
I bought 5 shares of BA at 120 and of course it dropped to 90ish making people fear, but i double downed with another 5 effectively making my average cost of 105. When you hit bottom or near bottom, there's only one place to go. This is going to be a fun year, quite happy with my portfolio.
I mentioned Sach before ([URL]http://www.insidehoops.com/forum/showthread.php?472364-Finance-Advice-Thread&p=13947486&viewfull=1#post13947486[/URL]) -- but I again doubled down when it dropped to 1.40 and purchased another 200. Now it's at 2.30. This is a REIT too, so i'll be enjoying a significant dividend quarterly -- assuming dividend wont change (even though it will), at 12c/share quarterly, that's $12/month or 144/year which can buy another 35 shares annually (assuming it goes back up to ~4/share).
Worst unemployment numbers in history and market keeps rising.
I don't really get it, but damn it I'm gonna profit from it.
[QUOTE=rawimpact;13954336]Hindsight man... works both ways.
I bought 5 shares of BA at 120 and of course it dropped to 90ish making people fear, but i double downed with another 5 effectively making my average cost of 105. When you hit bottom or near bottom, there's only one place to go. This is going to be a fun year, quite happy with my portfolio.
I mentioned Sach before ([URL]http://www.insidehoops.com/forum/showthread.php?472364-Finance-Advice-Thread&p=13947486&viewfull=1#post13947486[/URL]) -- but I again doubled down when it dropped to 1.40 and purchased another 200. Now it's at 2.30. This is a REIT too, so i'll be enjoying a significant dividend quarterly -- assuming dividend wont change (even though it will), at 12c/share quarterly, that's $12/month or 144/year which can buy another 35 shares annually (assuming it goes back up to ~4/share).[/QUOTE]
Sach is up to 2.73 - nearly doubled from when I advised people to but
BA is up to 144 up from 120 (my initial purchase) and 95 (second purchase)
Suncor up to 17.64 from 16 or so i purchased
These are all obviously long term stocks, but they are dividend paying stocks at higher than inflation rates.
They're still good buys if anyone else wants to get onboard.
my financial advice:
Take any extra money that you don't need for the next year and spread it out on major airline stocks (United, Delta, etc), major banks (JPMorgan, Wells Fargo, etc), and major credit cards (Visa, American Express, etc)
leave it there for a year or even two...you'll probably 2x your money, possibly 3x
[QUOTE=rawimpact;14007493]Sach is up to 2.73 - nearly doubled from when I advised people to but
BA is up to 144 up from 120 (my initial purchase) and 95 (second purchase)
Suncor up to 17.64 from 16 or so i purchased
These are all obviously long term stocks, but they are dividend paying stocks at higher than inflation rates.
They're still good buys if anyone else wants to get onboard.[/QUOTE]
I don't like risking buying essentially penny stocks. That's why I didn't buy Sach.
[QUOTE=~primetime~;14007562]my financial advice:
Take any extra money that you don't need for the next year and spread it out on major airline stocks (United, Delta, etc), major banks (JPMorgan, Wells Fargo, etc), and major credit cards (Visa, American Express, etc)
leave it there for a year or even two...you'll probably 2x your money, possibly 3x[/QUOTE]
One of those airlines have a good chance of going down.. They won't all be able to buy enough time to not go under. Just my feeling
[QUOTE=bladefd;14007664]I don't like risking buying essentially penny stocks. That's why I didn't buy Sach.[/QUOTE]
Sach has never been a penny stock, it has never been under $3.00 until this outbreak. You can still get in on it... i expect it to settle back to 4 dollars. It has a significant portfolio... the only drop was in dec. i believe when a chairboard member stepped down, Vilano i believe was his name.
Also as a bonus they've yet to payout their dividend, so you'll get a nice cut before the record date for second quarter.
What I don't understand are these people who say this whole thing was planned for investors and wall street to buy up stock and get richer. Well why did you wait and not do the same? Maybe you dont have the liquid assets for a lot, but drop 1 or 2k of your IRA. This is going to be profit anyways. Sitting around being mad at the 1% while being too scared to invest/research gets no one anywhere.
[QUOTE=bladefd;14007666]One of those airlines have a good chance of going down.. They won't all be able to buy enough time to not go under. Just my feeling[/QUOTE]
That's why you got to spread it around...just in case. My gut feeling is that the Gov will not allow the major airlines to go under. But if you spread around to all major airlines, banks, credit cards...even if one did go under, I still think you'd be way in the positive down the road
[QUOTE=~primetime~;14007759]That's why you got to spread it around...just in case. My gut feeling is that the Gov will not allow the major airlines to go under. But if you spread around to all major airlines, banks, credit cards...even if one did go under, I still think you'd be way in the positive down the road[/QUOTE]
Banks and American express is where I put most of the money. I might buy airlines after maybe July.
I wish I had kept my Spydr etf and couple homedepot stocks. Ah well
This crisis just shows how important an emergency fund is. Keep it in a high yield savings account (think AMEX and Goldman Sachs and CIT have good rates) and continue to add to it.
[QUOTE=Hawker;14007880]This crisis just shows how important an emergency fund is. Keep it in a high yield savings account (think AMEX and Goldman Sachs and CIT have good rates) and continue to add to it.[/QUOTE]
Ally is good too
[QUOTE=Hawker;14007880]This crisis just shows how important an emergency fund is. Keep it in a high yield savings account (think AMEX and Goldman Sachs and CIT have good rates) and continue to add to it.[/QUOTE]
CIT has been my go-to, it was up to like 3.05 or something at its peak. Only downside is that it takes forever for push and pull transfers. I dont know what you guys use for checking but All America Bank is pretty nice if you make a lot of small transactions. If you do 10/month, your checking account (up to 10k) has an interest of 1.6%. I usually buy a gatorade or smoothie at my gym enough to hit that number.
Even at that rate it's better than most 12 or 24 month CD ladders.
@BladeFD
Sach is back above $3.00 right now. Still not too late on a VERY high dividend paying stock.
God. My Discover APY TANKED from 2.2 last year to 1.15
I'm not getting SHIT. For reference I'm getting somewhere around $115-120 with $115K. At 2.2 I was pulling @140-148 with just $70K.
FUUUCK. I don't want to leave Discover because their customer service is the best of all the banks and not for $5-$10 more doesn't justify it for me.
[QUOTE=bladefd;14007664]I don't like risking buying essentially penny stocks. That's why I didn't buy Sach.[/QUOTE]
If you would have bought it late when i said to,
You'd of had a 14% return.
Buy Bitcoin you dumb ******s. That's all the financial advice you'll ever need. We are still oh so very early.
[QUOTE=Draz;14009001]God. My Discover APY TANKED from 2.2 last year to 1.15
I'm not getting SHIT. For reference I'm getting somewhere around $115-120 with $115K. At 2.2 I was pulling @140-148 with just $70K.
FUUUCK. I don't want to leave Discover because their customer service is the best of all the banks and not for $5-$10 more doesn't justify it for me.[/QUOTE]
My Discover savings account did the same thing. It's at 1.15% now.
I also have a Savings account with TAB Bank. Been steadily getting over 2% for a yearish now
[QUOTE=rawimpact;14019266]If you would have bought it late when i said to,
You'd of had a 14% return.[/QUOTE]
I bought a bunch. Made a little bit of money. They have no dividend though?
Almost even again and even positive on one of my investment portfolios. That's why buying even when it's dipped is good and to buy ETFs/index funds.
[QUOTE=Shogon;14019268]Buy Bitcoin you dumb ******s. That's all the financial advice you'll ever need. We are still oh so very early.[/QUOTE]
What about ethereum? I bought 2k worth two and a half years ago and it still hasn't gone up.
[QUOTE=Hawker;14020558]Almost even again and even positive on one of my investment portfolios. That's why buying even when it's dipped is good and to buy ETFs/index funds.[/QUOTE]
I bet a correction is coming this week. Small correction of maybe 3% to erase last week of gains
[QUOTE=bladefd;14019325]I bought a bunch. Made a little bit of money. They have no dividend though?[/QUOTE]
What? It's a REIT so they have to have dividends... 90% of profit is given back annually
Anyways, its up to 3.41 right now.
And it all tumbles down. I sold everything yesterday after Powell's comments except couple things like Apple stock, sach and berkshire hathaway right before the sell-off today across the market. Good timing too
[QUOTE=bladefd;14024634]And it all tumbles down. I sold everything yesterday after Powell's comments except couple things like Apple stock, sach and berkshire hathaway right before the sell-off today across the market. Good timing too[/QUOTE]
perfect...now start buying again!
[QUOTE=egokiller;13829969]My company matches 10% at 100% in the 401k program.
So if someone puts in 7%, they are really getting 17%.[/QUOTE]
I dont quite get the math here
The U.S. is going to fall and the world economy is going to collapse.
Buy Bitcoin... that or learn how to feed yourself off the land. Maybe both.
Either way, this life you know now won't continue.
[QUOTE=~primetime~;14024685]perfect...now start buying again![/QUOTE]
I think I will wait. It might fall much more..
[QUOTE=bladefd;14024704]I think I will wait. It might fall much more..[/QUOTE]
yeah you got it spread it out...buy small amounts on every dip
[QUOTE=~primetime~;14024685]perfect...now start buying again![/QUOTE]
Some people never learn... great time to buy. Horrible time to sell.
[QUOTE=rawimpact;14007493]Sach is up to 2.73 - nearly doubled from when I advised people to but
BA is up to 144 up from 120 (my initial purchase) and 95 (second purchase)
Suncor up to 17.64 from 16 or so i purchased
These are all obviously long term stocks, but they are dividend paying stocks at higher than inflation rates.
They're still good buys if anyone else wants to get onboard.[/QUOTE]
And again Sach up to 3.50ish
BA up to 175ish
Suncor still floating between 16 and 17
Sach will be returning me 0.12/share or ~10% return of the purchase price of 1.30/share. And that's going to be quarterly from now on...
[QUOTE=rawimpact;14054644]And again Sach up to 3.50ish
BA up to 175ish
Suncor still floating between 16 and 17
Sach will be returning me 0.12/share or ~10% return of the purchase price of 1.30/share. And that's going to be quarterly from now on...[/QUOTE]
I sold sach and Suncor for tiny profits some weeks ago. I am only keeping my best stocks - Microsoft/apple/usb/nokia/citigroup (last 3 for long term). Sold all the rest because I am worried about drop-off/correction in August.
Anyone know much about closed-end funds like blackrock (BBN)? CEFs seem to have high dividends and low volatility compared to stocks/etfs even so just wondering how it would be to hold a few CEFs
[QUOTE=Hawker;13824889]
I lived with mid 30 year olds that were in $20k+ worth of debt to coffee and drinks. It's pathetic.
[/QUOTE]
This is really funny.. or sad.
[QUOTE=briankrieger;14088878]Don't be so toxic, guys. I really need an advice.[/QUOTE]
Invest in gold
Buy high sell low