Posted on 04/28/2020 10:21:47 PM PDT by Oscar in Batangas
Are we near the bottom or on a ledge?
I put a few thousand into each of 10 Fidelity mutual funds but still have about ¾ of my 'gambling money' sitting idle.
After one week I'm up about 5%, but DANG are the knees ever shaking.
C'mon steely-eyed gamblers, give your FRiends some advice!
You are one handsome dude Brad.
There is an old saying that every bull market climbs a wall of worry. Your fears are normal.
“...I got CBRL late at 77. Dammit...”
Hey, that’s still not too awful bad. You’re up at least $20/share as of today. I was fortunate to get it at around $54/share. I’m looking for it to go back to at least $145/share over the next 8-12 months....maybe even sooner. Once they start paying that dividend again, it should climb pretty fast.
Wow. 53 was their low, how did you time that?
“...Wow. 53 was their low, how did you time that?...”
Luck?...LOL
FWIW, I had already owned it previously before the crash and was stopped out when the drop hit. Every single day, I’m watching the market (I also trade derivatives) and have/had several stocks that I watch very closely. Of course, CBRL is one of em. When it dipped below $55 back in the middle of March, I had a limit order ready to execute, all except for the price, and I just kept watching it drop. When it hit $54.50, I didn’t think it was gonna go any lower, so I hit the “BUY” button. By the time my order executed, it was at $54.13...and continued to drop over the next couple of hours!!! At the time, I was kinda PO’d but it started spiking back up and the rest is history.
I recommend that you get to your local library and do some research in Valueline. It may also be available to you online. Valueline has a detailed, reliable rating system. You can use it to identify safe, high grade stocks that pay dividends regularly. My brother, a licensed financial professional did that for my mother several years ago and she is pleased with the results — while her friends moan about low CD rates and high mutual fund fees.
I once bought the dip
... and then the next dip
... and then the next dip
... and then the next dip
... and then the next dip
before it turned around. (I NEVER mentioned the 1st three “and then the next dip” parts.)
hahaha
I once bought the dip”...
... and then the next dip...”
LOL...been there, done that too. Needless to say, not all my trades have been successful. I’ve had my azz handed to me more than once in the past. And, FWIW, I lost about $100K on this virus BS, but I’ve managed to claw back a pretty good chunk of it, but I’m still overall in the red yet....Hopefully, I’ll get there rest of it back...and then some. I’ve tried to learn from those past mistakes, but the market is like a fickle girlfriend...ya just never know for sure so always wear “protection”....LOL
> industrial real estate. We are bringing jobs back home. <
Man, I wish that were true. But I just don’t see it. Factories might leave China because of this virus thing, etc. But why go to the USA, where the labor costs are high, taxes are high, there are many regulations, etc.
Here’s an example. My favorite shoe brand is New Balance. They were always made in the USA, until maybe 5 or 10 years ago. My latest pair was made in Indonesia.
The New Balance people picked Indonesia for a reason. What would motivate them to pull up stakes there, and come back to the USA?
It would have to be either punishing tariffs or huge tax breaks. I just don’t see either of those happening. (Sorry for the pessimism.)
My rosy prediction 10 year depression non rosy venesuela. When and what stops the spending?
XOM
Buffet and another big investor are sitting on cash and gold right now, billions worth, waiting. Wait...and read your PM I sent you.
You are correct, but more like Argentina. Go read on Ferfal (look him up on the internet). They haven't recovered in 20 years.
Best time to have invested: A month ago.
Second best time to invest: Now.
The company I work for remains strong as does our parent company. I traded some cash for another 85 shares of stock a couple weeks ago.
Here’s the real conundrum. I have an opportunity to invest in a house flip for about $20K.
The house is a piece of crap on the exterior. It looks solid. Haven’t seen the interior yet. The principal, a friend of mine just bought it. Hard to comp but eventual values might be in $200K range. He paid $85K. Good sized chunk of land too. With a full time job and heavy travel (at some unknown point in the future) and a volunteer job at 10-15 hours a week, I won’t have time to help with much of the labor.
Tough decision.
Life is full of hard decisions...
Seems like at the moment you are fortunate to have a couple of good ones to choose between. Count it all joy!
My bad. I thought bantangas was Spanish for yoga pants!
I recommend a quantity of gold and silver, at least equal to your own weight, safely stored away some place. The spending won’t stop until a wheelbarrow is need to hold enough cash for a week’s worth of groceries. You can bet the super wealthy have a good amount of silver an gold cached away.
"Holy God. We're About To Lose Everything" - Pandemic Crushes Overleveraged Airbnb Superhosts
Watched a youtube video by the "rich dad poor dad" financial guru. Say's he owns 8,000 rentals, and his companies are all about to go tits up. But they can't touch him because they're all LLCs, Corps, etc.
"Everything Is Meaningless"
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