Posted on 04/06/2014 11:34:34 AM PDT by expat_panama
This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--
Open invitation continues always for idea-input for the thread, this being a joint effort works well.
Keywords: financial, WallStreet, stockmarket.
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====================== A heck of a week, gold'n'silver lept back up and stocks plunged back down --10 year performance: (click pic to enlarge
Of course, while that's all well and good for what's been happening til now (telling us what we shudda done) but the plan we need now is for what we're supposed to do tomorrow. IBD TV mentions that last Friday's drop means the market's officially in a correction now, and they say it means we got to reduce holdings and show patience with new buys. |
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Makes sense considering that stock price patterns are typically self-similar (English translation: "the trend is your friend"), but for the heck of it I checked out past IBD trend calls and saw that recent history showed--
---that correction beginnings have been great buying opportunities. Don't get me wrong, the IBD people aren't idiots and stock timing is not best done by throwing darts at a colander. The IBD editors stress that everyone's got his own set of goals for return risk/v/reward, and we all make our own choices.
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Let's compare choices; I'll start. My choice is see what Monday brings and my stocks will either work for me or get replaced by EFT's (YAHOO's got a neat eft finder/screener here).
Monday 'show-prep' ping...
How much is an annual subscription to IBD? Do you think it is worth it?
I can't say what will happen tomorrow morning, but I will say that I believe the biotech sector is oversold and will soon restart its upward march.
BTW, I have been buying on the drops, but did not expect to see such a drop as the market experienced last week.
Look for biotech stocks to freak if they do to them like they've been doing to the banks. I don't think they would do that but you never know.
That's what I meant to preface my previous post with instead.
INVESTING IN TRUST DEEDS
(Note: do not do this in a mortgage state where there are redemption rights)
Today’s lesson: discount/buyback of a note secured by deed of trust. If done properly and there is equity in the property (in California, you do not want to do this with an owner occupied dwelling), it is safe to be in 2nd position on a property as long as you have the resources to cure the 1st if the owner gets in trouble
Scenario: 150,000 rental home...1st is 90,000, someone has a 7% interest 20,000 2nd (maybe an owner carry back)and needs money.
1 - seller of note does not need all the money and does not really want to take a big discount
2 - offer note seller $10,000 now and the ability for him to buy it back for the same amount in the future within a negotiated time period
3 - for the option to buy back to remain in force, buyer of the note must always get his payments on time.....if the owner of the property does not make payments, note seller must make them to you and solve the problem or he stands to lose a future $10,000 (which would typically be paid off at the time of a refinance of the property or a sale)
4 - so seller of note gets 10K of his money now and will get the rest in the future without having to take a big discount to solve an immediate cash need...what he is losing to get the cash is the interest he would earn on the note
5 - buyer of note spent 10K to get a 20K debt instrument.....so he is actually earning 14% on his money until the note seller buys it back
I have a few offers for introductory prices to buy US gold and silver coins. Is this a good time to purchase a few of those coins? I'd assume the regular prices at these online coin sellers would be somewhat of a ripoff, but these prices are about 25% lower, so they say.
Of course while nobody knows the future there's still a lot we know now.
Buying and selling coins can typically go (from this site) where you pay $1,353.90 plus taxes and fees for a coin and if you change your mind they'll give you $1,318.90 minus taxes and fees. Then again, if your only goal is taking advantage in an expected increase in gold prices you might be happier with the commodities market where you pay $1304.55/oz and sell for $1303.75. There are other choices but it all depends on what you want --make money, prevent losing money, or having gold coins in your hand.
For me the digital edition is best-- fast + convenient. It's $245/year or $28.95/month. You can try 2 weeks for free at the investors.com store to be sure it's what you want.
I saw the free trial but couldn’t find the annual rate. I like to have an Idea how much something is going to cost before I give them all my info. Now that I know I might try it to see if I think it’s worth it. Thanks.
Oh yea, I forgot this
President Obama shifts focus to economy
http://www.freerepublic.com/focus/f-news/3141418/posts
Focused like a LASER I’m telling ya.
Here's the point about the global economy.
It sucks...but developing countries (China and India most importantly) are entering the developed world by adopting our technologies and our freedoms of market movement and wealth creation.
The world is on the verge of an explosion in productivity like it has never seen before. Communism/socialism has proven to all who have eyes to see that they/it simply do not work.
And in the final analysis, as China and India and the rest of the undeveloped world rush to adapt, the developed world is flying into the future with new genetically developed medicines (check out Sovaldi by Gilead...it can wipe out hep C worldwide) and new means of discovering life and truth. I hate to say it but I was a cloud computer naysayer, but I have been won over.
We stand on the edge of a brave new world.
“We stand on the edge of a brave new world.”
If you think the last 30 years was amazing just watch the next 30.
Absolutely. In fairness to IBD, part of the problem is they had to split it into so many different ways of buying that they got too many different prices; monthly v. yearly, digital v. deadtree, weekend v. daily, with/without extras, etc., etc.
Yeah --that hit the entire sector and forced me to sell my BIIB--
--but I may be buying it up at bargain prices tomorrow 'cause the stock keeps popping up on my screens.
I bought my mother the Sat issue and got the online version of the daily for $20 more. But I also get the WSJ daily too.
That said, this is a sector that is devoted to achievement. It has the very best scientists, the best labs, the best financial oversight...when one loses...another one gains.
And unlike most companies...this sector is highly motivated to cure human illness.
I have had much experience with corporate motivation.
This sector is motivated.
Healthcare is something everyone eventually will pay for, but this morning BIIB will have to wait. It closed last Friday at $288.27 but only $271 is being offered this morning.
Good morning campers, according to our futures traders it's a great day for energy and grain sellers but a rough day for metals --and stock holders where it's looking like a replay of the drop we had at the end of January. Top stories:
World stocks slip from six-year high; euro yields fall World stocks slipped from last week's six-year high on Monday on concerns about technology shares, while speculation the European Central Bank will ease policy further pushed down European bond yields.
Dark markets may be more harmful than high-frequency trading Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.
Screeching Sound Is Market Losing Momentum - Dave Fry, MarketWatch
BLS Report Drives A Stake Through Jobless Benefits - Louis Woodhill, RCM
U.S. recovery puts onus on Europe and China
Asia Developing Economies to Grow at Slower Pace as China Cools
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(click pic to enlarge)