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OldWiseCock said:
If you have owned those stocks for a few months you have made out like a bandit. I put Tesla on my wish list when it was at $989 about 10 days ago. I never pulled the trigger. It closed Friday at $1544.65. I was only going to buy 5 shares at just under $5,000. I would be up $2500 if I had gone through with it.

Watching ROKU, SQ, DOCU and MRNA (Moderna) now.

I did buy AAPL at $250.
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I haven't owned all of them the entire run since April, but in the time I've had them they've killed it. I also own Square and DocuSign like you along with around 30 total stocks. Just riding the train as long as it will last.

I bought Tesla about the same time you added it to your watch list with some reservation. Should have bought it earlier but wary of it going the other way.

I see a huge scandal brewing with Wayfair so probably won't be able to dump it fast enough Monday morning. They're being accused of online child trafficking.
 
viennacocks said:
I bought the crap out the apple, Netflix, amazon, baba and boeing several months back. In addition, still continue to buy qyld.

Holding pattern for all stocks except qyld.
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Based on your recommendation of Qyld, I bought some in March @ $18.00. Enjoying the MONTHLY dividend payments. Did not know they paid MONTHLY, so that has been a bonus...
 
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Im overweight in real estate . I think the economy is going to tank mid Q3 till we get some resolution on this crap.
 
bucketdad said:
I'm looking to go with some (imo) pretty safe bets in the long run that are currently 20% or more down but strong enough not to fall much further with fingers crossed. I'm thinking Coke. Probably wait a week or two tho.
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What's your buy in target price?
 
roosterbell said:
I'm mostly invested in NASDAQ tech stocks that are cloud related, online retail, and other software stocks. Mostly things less affected by Covid. It's been very profitable since the Covid crash in March.

Tesla, Trade Desk, Overstock, Wayfair, Crowdstrike, Zoom, Netflix have been really good to me. I'm not sure how long before it plays out, and some may be overpriced now, but it's been more consistent lately than anything else. Also Amazon, Apple, Microsoft and Facebook are good bets.

Do some good research and stay on top of it, is my best advice. It also wouldn't hurt to get help from a reputable paysite such as Motley Fool or several others.
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Saw Wayfair and wanted to mention, there's a rumor floating about them that could hurt their price. I can't possibly imagine the rumor is true but the buying public could shy away from them anyway. The rumor is that they're involved in child trafficking. They have various cabinets that are WAY overpriced, (like $400 cabinets for $14K, and the names of the cabinets coincide with the names of missing children. Again, no way it's true but you know how the public can be and how the market could react.
 
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roosterbell said:
I haven't owned all of them the entire run since April, but in the time I've had them they've killed it. I also own Square and DocuSign like you along with around 30 total stocks. Just riding the train as long as it will last.

I bought Tesla about the same time you added it to your watch list with some reservation. Should have bought it earlier but wary of it going the other way.

I see a huge scandal brewing with Wayfair so probably won't be able to dump it fast enough Monday morning. They're being accused of online child trafficking.
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I just posted about this before reading your post. No way it's true but like you said it'll be ugly Monday.
 
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importcock said:
I just posted about this before reading your post. No way it's true but like you said it'll be ugly Monday.
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Hopefully it's not true but the stock will likely tumble reguardless. If it turns out to be fabricated, it might make for a nice dip to buy on.
 
jonesz21 said:
I know someone that works at Palmetto state armory and their sales this year are off the charts
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The gun stores are saying they've never seen anything like it is right now. I think even so called anti-gunners have been buying them up. As far as Biden winning, I believe the market would take a big hit.
 
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Silverspur02 said:
Based on your recommendation of Qyld, I bought some in March @ $18.00. Enjoying the MONTHLY dividend payments. Did not know they paid MONTHLY, so that has been a bonus...
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Yea, been paying 9-12% monthly for years and like you, love the monthly payments. My 401k has a brokerage option. I have over 25% in QYLD. I plan to live off the monthly dividends when I retire.

My brother in law retired early and has about $1M in QYLD. He lives off the monthly dividend payments. He pays no attention to the price of the stock. All he cares about is the monthly dividend.

Not a stock in which you will get rich quick but I have been averaging about 16% a year.
 
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haneynfl said:
It really depends, but the rhetoric would be unfavorable in most cases. If he rolls back the Trump tax cuts and returns corporate rates higher it could spell trouble. Those items drove the market favorably. Also, Biden flip flops ( or doesn’t remember) depending on your view. The markets like Trump because they can predict him easier and he is typically pro-business. Biden may be unpredictable, which markets don’t like. You could actually see a slide in early fall if the market feels an uncertain change is coming. In other words, it could be “baked in” a little pre-election. Of course, that assumes the market sees a Biden win, which can be quite different than a current poll.

And this caveat, over the last 5-6 months - the market is unpredictable on its own.

I’m gonna try and get what I can now and go very conservative post Labor Day until the election - unless something becomes very obvious.
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Not a matter of "if" he will do it. He will do it immediately! I still do not think he will win, however....
 
IH8FATBRAD said:
Im overweight in real estate . I think the economy is going to tank mid Q3 till we get some resolution on this crap.
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I try not to pay much attention to the hype. But I remember seeing a headline in February that said, roughly, "People are not taking Coronavirus Seriously." The market tanked after that.

If earnings generally disappoint this month (JPM had blow out results) we may see a retracement in the market. Real Estate (dirt, not REITS) is a safe place to be right now. Maybe Gold too.
 
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We are looking at the possibility of a blow off top. Moderna (up x 4 in 3 months) reported good results for their Covid-19 vaccine candidate in Phase II trials. Now comes Phase III. The vaccine traders are ecstatic and buying stocks with poor fundamentals on a hope and a prayer.

Results of Moderna's Phase III trial will not be known for several months. Earliest possible viable vaccine is still early next year and likely next summer. (18 months)

Facts:
  • earnings are down
  • unemployment is high
  • mortgage and car payments are late
  • 130,000 dead from the virus
  • cases going up in most states
  • a modified shut down is coming
  • Biden is beating Trump almost everywhere and Rs may lose the Senate
Those are the negative pull on the markets. Right now optimism reigns. BE CAREFUL.
 
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Yep... I bought Amzn a week ago and now it is in it's 3rd losing day in a row. I had a 20% gain in three days, and now that's all gone to a losing number...
 
In order to be a successful investor you must something of a contrarian and also be disciplined in your approach.Now is not the time to buy stocks unless you are bullish on energy stocks for the future.Also ATT is paying a ridiculous yield right now.Wait for the market correction which always happens then be ready to pounce.My most successful stock has been Microsoft.Even though personal PC sales are way down,they and Google control the Cloud.Both of those have done well and should continue to do well.One I am extremely fearful of is Tesla.I thinks it all smoke and mirrors and is headed for a big fall.
 
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Started my 41st year as a financial advisor on January 20th of this year. I use to speak to classes at the University of Kentucky every semester about our approach to investing. I started in the investment business in 1980 and the Dow was at 676. Since that time I've seen 21+% interest rates, 14% unemployment, 14% inflation and in the early 80's the Hunt Brothers tried to corner the silver market. In the 80's they also tried to assassinate the president of our country. 1987 saw a stock market crash and 1991 saw Iraq invade Kuwait and oil prices go through the roof. The 90's saw good growth that eventually led to a technology bubble and a melt down in those stocks. Republicans and democrats both in control and I don't know how many things I've left out. I always got the question: Is timing important? The answer is its not about timing, it's about TIME in the markets! Today the market closed over 26,000.
 
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1977 Cat said:
Started my 41st year as a financial advisor on January 20th of this year. I use to speak to classes at the University of Kentucky every semester about our approach to investing. I started in the investment business in 1980 and the Dow was at 676. Since that time I've seen 21+% interest rates, 14% unemployment, 14% inflation and in the early 80's the Hunt Brothers tried to corner the silver market. In the 80's they also tried to assassinate the president of our country. 1987 saw a stock market crash and 1991 saw Iraq invade Kuwait and oil prices go through the roof. The 90's saw good growth that eventually led to a technology bubble and a melt down in those stocks. Republicans and democrats both in control and I don't know how many things I've left out. I always got the question: Is timing important? The answer is its not about timing, it's about TIME in the markets! Today the market closed over 26,000.
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I'm 66. I've been doing this personally and professionally since the 80s as well. Time in the market depends on your time horizon. If you don't need your money for 10-20 years and can weather turbulent times ahead then invest in good quality stocks because they will go up. The longer you own them the more they will go up. But even so, I would say you cannot ignore macro events, fundamentals and valuations.

I've seen the numbers. This market is being driven by people stuck at home with nothing else to do. IB, Schwab, Fidlelity, ETrade, TD Ameritrade all have done studies that show the number of newly funded accounts and the volume of trading in these accounts. If you are a first time investor or novice investing your mortgage payment for next month in high rolling stocks you are going to get hurt. It always happens that way. Always.
 
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At least Biden is saying he will raise taxes. Trump`s tax cuts did wonders for the economy and jobs. Biden wants to do the opposite. That should tell you all you need to know if you think the economy has been good, of course which it was until Covid. Biden will embrace a radical agenda because he has to but will soft-pedal it to try and appear moderate, which he`s not.
 
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Until we have a vaccine and COVID under control, it would be political suicide for the Sanders-Warren-AOC wing of the democrat socialist party to inflict further punishment on our wounded economy.

There would be no winners.

Technology is eating the world.

Good luck.
 
I think the biggest reasons stocks keep going up is Fed pumping, very low interest rates, and people who have no idea what they are doing day trading.

The big banks and investment banks are killing it in this environment, benefiting from Federal Reserve policy. Small investors are being carried along for now. Eventually there will be a reconciliation when the effects of this worthless money the Fed is printing arrives.
 
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OldWiseCock said:
I'm 66. I've been doing this personally and professionally since the 80s as well. Time in the market depends on your time horizon. If you don't need your money for 10-20 years and can weather turbulent times ahead then invest in good quality stocks because they will go up. The longer you own them the more they will go up. But even so, I would say you cannot ignore macro events, fundamentals and valuations.

I've seen the numbers. This market is being driven by people stuck at home with nothing else to do. IB, Schwab, Fidlelity, ETrade, TD Ameritrade all have done studies that show the number of newly funded accounts and the volume of trading in these accounts. If you are a first time investor or novice investing your mortgage payment for next month in high rolling stocks you are going to get hurt. It always happens that way. Always.
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That's why I say you have to be something of a contrarian.Everybody is hot on the market now and jumping in.Wait for the correction.Then jump.Once you buy then hold for the long term.This is the same advise I'd give for real estate.
 
Creek Snake said:
That's why I say you have to be something of a contrarian.Everybody is hot on the market now and jumping in.Wait for the correction.Then jump.Once you buy then hold for the long term.This is the same advise I'd give for real estate.
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You really have to hold your nose sometimes, but this is good advice IF you have the time to wait. It took me several attempts to buy in March when the market dropped, but the harder it is the closer it is to the right thing. The opposite can also be true, but I don't see myself ever liquidating everything because the market is going south. I might re-balance some or buy some bargains, but I've go so many embedded gains it would kill me in taxes.

In my opinion, the best strategy is to keep some cash in your account. (fixed income pays nothing right now anyway) Look for beaten down bargains paying a good dividend - a dividend aristocrat as they say.
 
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psycock said:
At least Biden is saying he will raise taxes. Trump`s tax cuts did wonders for the economy and jobs. Biden wants to do the opposite. That should tell you all you need to know if you think the economy has been good, of course which it was until Covid. Biden will embrace a radical agenda because he has to but will soft-pedal it to try and appear moderate, which he`s not.
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Did not both Clinton and Obama raise taxes? I'm pretty sure they did.The market went up 210% under Clinton and 182% under Obama. Unemployment under Obama fell from an inherited 7.8% to 4.7%. Inflation was nearly non-existent. I recall the economy being very good under Clinton.
 
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OldWiseCock said:
You really have to hold your nose sometimes, but this is good advice IF you have the time to wait. It took me several attempts to buy in March when the market dropped, but the harder it is the closer it is to the right thing. The opposite can also be true, but I don't see myself ever liquidating everything because the market is going south. I might re-balance some or buy some bargains, but I've go so many embedded gains it would kill me in taxes.

In my opinion, the best strategy is to keep some cash in your account. (fixed income pays nothing right now anyway) Look for beaten down bargains paying a good dividend - a dividend aristocrat as they say.
Click to expand...

A smart man once told me "Cash is King." Always have something in reserve so that you can take advantage of opportunities.
 
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gamecock stock said:
Did not both Clinton and Obama raise taxes? I'm pretty sure they did.The market went up 210% under Clinton and 182% under Obama. Unemployment under Obama fell from an inherited 7.8% to 4.7%. Inflation was nearly non-existent. I recall the economy being very good under Clinton.
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The reason Obama's market went up is the Fed pumped so much money into the economy.It was a very weak economy during Obama's 8 years.Clinton was the beneficiary of the Contract for America balanced budget.Clinton's years were stable economically.However,Clinton's handling of the economy would be be way,way more conservative than what the left crowd now is talking about.The real tragedy of the coronavirus might turn out to be that we have become so used to such incredible deficit spending that all fiscal responsibility has been lost.
 
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Creek Snake said:
The reason Obama's market went up is the Fed pumped so much money into the economy.It was a very weak economy during Obama's 8 years.Clinton was the beneficiary of the Contract for America balanced budget.Clinton's years were stable economically.However,Clinton's handling of the economy would be be way,way more conservative than what the left crowd now is talking about.The real tragedy of the coronavirus might turn out to be that we have become so used to such incredible deficit spending that all fiscal responsibility has been lost.
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Obama and Clinton did nothing to mismanage anything like Trump did with coronavirus, to make the market crash like it did this Spring. That's why the market is up only 41% under Trump in 3 1/2 years whereas up 210% and 182% under Clinton and Obama respectively in eight years. Again, that "weak economy" saw a drastic reduction in unemployment under Obama and strong economy under Clinton.
 
gamecock stock said:
Obama and Clinton did nothing to mismanage anything like Trump did with coronavirus, to make the market crash like it did this Spring. That's why the market is up only 41% under Trump in 3 1/2 years whereas up 210% and 182% under Clinton and Obama respectively in eight years. Again, that "weak economy" saw a drastic reduction in unemployment under Obama and strong economy under Clinton.
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What exactly would Clinton and Obama have done to keep the economy strong during the coronavirus?Shut everything down totally?Keep everything open?

The reason why Obama's unemployment rate was low was because everyone stoppped looking for a job and left the workforce.Look at the number of people employed during his 8 years compared to Trump's record prior to the coronavirus.But I could live with Clinton's balanced budget but the left today wants no part of that.
 
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Creek Snake said:
What exactly would Clinton and Obama have done to keep the economy strong during the coronavirus?Shut everything down totally?Keep everything open?

The reason why Obama's unemployment rate was low was because everyone stoppped looking for a job and left the workforce.Look at the number of people employed during his 8 years compared to Trump's record prior to the coronavirus.But I could live with Clinton's balanced budget but the left today wants no part of that.
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You can spin it until all the cows come home. But, the numbers won't change. 210% and 182% stock market gains respectively under Clinton and Obama vs 41% under Trump. . Unemployment nearly cut in half under Obama. Unemployment in double digits under Trump. Monthly job gains were higher on average under Obama than under Trump, even before covid.
 
gamecock stock said:
Obama and Clinton did nothing to mismanage anything like Trump did with coronavirus, to make the market crash like it did this Spring. That's why the market is up only 41% under Trump in 3 1/2 years whereas up 210% and 182% under Clinton and Obama respectively in eight years. Again, that "weak economy" saw a drastic reduction in unemployment under Obama and strong economy under Clinton.
Click to expand...

So you saw this COVID 19 coming when this economy has humming along????
 
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