How is your recovery going now? Would you say you have 80% normal function in the arm? 90%? Where are you at now?
Stock Market
- Thread starter CSCOTTOSUPOKES
- Start date
I threw the smiley face out there. I don't know what exactly you do, but based on your posts on here, I have guessed the financial industry.
If you ever decide to go rogue, throw this lowly trailer dwelling sooner fan some insider crumbs. The lottery just ain't getting it done.
Extend your left hand and then bend your fingers to your palms but not a fist...that still hurts and is stiff and difficult at times. I don’t know if that pain will ever go away. I hope it does...the whole hand is sometimes very dull and stiff when I wake up.
Serious questions...
How far out are you from the infection? Are you doing any therapy?
MRSA can be a tissue destructive infection that creates scarring that takes time to remodel. Even if you aren't doing formal PT, keep up with the exerises you learned. If you need some suggestions on exercises to help, lemme know.
What do you guys think of the theory that this has all been caused by institutional investors unwinding positions that were short volatility? All it took was the volatility spike from a good wages print to cause a short squeeze?
If you buy that theory, how much long will the unwind take?
If you buy that theory, how much long will the unwind take?
I made a modest sized move into more equities today, so kinda hoping this is about the tail end of it.
I'm in the opposite boat. Rolling over a 401k and it is taking so long to get the distribution. I hope I don't miss the rebound.
Not sure. Clearly was too early with my Tuesday call. Netflix is now below where I bought it. But if it stays at this level, I'll certainly take a chunk from my bonus and add to my position. Even if this isn't the bottom, my perspective is long term, so any short-term losses will be made up in the end.
You don't think you should diversify? Almost everything is cheap relative to end of January levels.
I am diversified. In fact, I have a 10% rule so that no single position is more than 10% of my portfolio (although Amazon's and NVidia's recent runups bent that a little bit). But that's also the reason I'm not buying more Amazon. But frankly, I'm just not sure where else I'd get into. As I noted before, Bank stocks are good but a hassle for me, although I might buy some Wells Fargo given they've been beaten like a drum and will likely bounce back in time. Military stocks may have more legs given the new budget deal, but they've soared under Trump thus far. Just not sure where their ceiling is. Oil is closer to its top than its bottom, so not a fan of the oil stocks at this level. And with interest rates creeping up, my go-to dividend plays (VZ, OGE, T) are starting to get squeezed lower. These rates will also impact REITs and builders so don't know if I want in there. Hence I'm left with Big tech (where I'm already pretty heavy) or pharma. I may take a small position in CVS (100 shares or so) as they've been beaten up and will certainly recover. But the market isn't necessarily screaming 'buy' all over (imo).
I get push communications of wut overly paid Stanley guy wants to do. I either approve or not of proposed move. I’ve rejected 2 proposals this week.
I did approve of a shift into more bonds about 6 weeks ago, but it was fractional. By and large, I’ve done very little. I’m comfy with my diversification and LT plan.
I did approve of a shift into more bonds about 6 weeks ago, but it was fractional. By and large, I’ve done very little. I’m comfy with my diversification and LT plan.
Treasuries always payout at least par so even if they trade at a lower price there is always a guaranteed (well as close to guaranteed as you can get) return. Also bonds could go up if we don't pull out of the dive we are in right now.
Question for you.
I bought 1,000 Bank of America shares in 2009 for $3.15/share, near their rock bottom. I bought them under a "too big to fail and I likely will never lose my initial investment value" mindset. I've held onto them since they've made me money without any real risk.
I'm contemplating selling those shares and jumping into other stocks that might be values right now in this slump. The exponential return I've gotten on my initial investment obviously plateaued some time ago. What would a guy like you do in this scenario?
First, let me say that I don't pretend to be a financial adviser. Everyone's situation is different. Obviously you've made a pretty penny on BAC. These would be my thoughts:
First, how much of your total portfolio does BAC comprise? If its greater than 10%, see my post above. I'd sell at least that amount just to create added diversification of your assets. You would hate for it to drop 30 or 40% because of something out of the blue (like #metoo). Go ask Wynn investors about that.
If you don't require diversification, I don't see anything wrong with BAC. Its a good company. Pretty much follows the financials, and with rates rising, we'll likely have strong earnings for the next several quarters. In addition, they have a little less exposure to the trading winds of other banks, (say a Goldmans or Bank of NY), and are more consumer focused, so their earnings are more predictable than some others. If you wanted to diversify from BAC but stay in financials, Citi would be a very similar play. As I noted before, I also like Wells Fargo, as I think they've been beaten down more than justified, and thus may bounce more once they are no longer in the government's crosshairs.
Final piece of advice that I like to follow. When I've made 200%+ on a stock, I like to take my original money out. Kind of like a craps table. I take $100. When I up to $300 or $400, I put my original $100 back in my pocket. That way its all house money from then on.
First, how much of your total portfolio does BAC comprise? If its greater than 10%, see my post above. I'd sell at least that amount just to create added diversification of your assets. You would hate for it to drop 30 or 40% because of something out of the blue (like #metoo). Go ask Wynn investors about that.
If you don't require diversification, I don't see anything wrong with BAC. Its a good company. Pretty much follows the financials, and with rates rising, we'll likely have strong earnings for the next several quarters. In addition, they have a little less exposure to the trading winds of other banks, (say a Goldmans or Bank of NY), and are more consumer focused, so their earnings are more predictable than some others. If you wanted to diversify from BAC but stay in financials, Citi would be a very similar play. As I noted before, I also like Wells Fargo, as I think they've been beaten down more than justified, and thus may bounce more once they are no longer in the government's crosshairs.
Final piece of advice that I like to follow. When I've made 200%+ on a stock, I like to take my original money out. Kind of like a craps table. I take $100. When I up to $300 or $400, I put my original $100 back in my pocket. That way its all house money from then on.
Thanks for the insight. For my "play" investments, I like to pick the brains of real world people. I've got a financial advisor for the stuff that matters.
My original investment was only $3150. It's trading around $30 today. I picked up some additional financial stocks this week, Wells Fargo and Citi to be exact, based on the likelihood of good earnings in the near future. BAC can't lose for me at this point, but I don't see room for a ton of future growth based on the price I bought at. I'll probably sell some of it to see if I can take advantage of something else that may get me a better opportunity for more growth. I really like the house money analogy you used.
Sounds like Jan 2016 sucked. I'm sure my investment account took a hit then recovered even though I can't remember it.
i still think that these swings provide good buying opportunities for good companies. I purchased some WMT and COST this past week. They are big enough to survive in retail against Amazon and if the market does start shifting to a lower gear due to tariffs and government activity, these are companies that will still continue to hit their earnings targets. I do expect a shift away from the "FANG" growth story that has driven the markets for the past couple years, particularly as Facebook faces its data challenges, and Apple struggles to capitalize on the home market. That alone could pull down tech enough to serve as an anchor for some of the better names. I'm selling half my NVDA stake as well. With Bitcoin falling and increased competition in the space, I'm concerned about their ability to maintain their GPU sales beyond this current quarter. Plus I'm up about 140% on this stock so taking a little profit gets me some cash for the next swing.
Long story short, it does feel like a good time for a rotation.
Note: I do not own FB or APPL. I do own GOOG and AMZN and am planning to maintain those positions.
Long story short, it does feel like a good time for a rotation.
Note: I do not own FB or APPL. I do own GOOG and AMZN and am planning to maintain those positions.
Its going to get weird. Most people in the market today haven't traded through a situation with inflation, rising interest rates, and tariffs driving the narrative.
Neither. I have a portfolio of approximately 100 small value stocks and they apparently didn't get the memo on today's rally.
Some how my shorts didn't kill me today, so we'll call today an improbable draw.
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