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(11-19-2020, 02:07 PM)divmenow Wrote: Bought some XEL. This one does dip much so figure why not lol
As far as names you dont know. I could really stump you with my watch list of names you have no clue lol
Just to be clear again if I sucked you into XEL. There is no near term catalyst and it remains overvalued. It's my northern version of DUK. When it pulls back with the market you just grab a few shares and sell it soon if you care to. If I was smart I would grab a lot more shares when it pulls back this fast. I stopped worrying about the low dividend because it's too easy to flip 3-4 times a year and make it up in a couple weeks. I wish it would pull back for real but I doubt it does.
Here's my attempt at a ticker you haven't heard of. JMIA. I own a few shares and it is up nicely. I should research it now lol but I was busy and my bet was small. Just a tip from a guy that is really good at this swing trade MOMO stuff. I have no clue if it is worth holding for very long.
Now give me a couple tickers that don't require a PHD in a MED specialty field to comprehend their BIZ plan. 
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I had no idea what to buy but I did have some cash left for this month.
So I added a bit to AMGN and MAA.
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I was trying to sell a put in JNJ but changed it to NKE instead. Fighting hard to diversify away from defensive stuff gradually. Also sold an AEP put and added a few more shares while it is getting beat up.
Everybody see the Tyson food news? If it's true, I hope it goes a helluva lot farther than a civil suit because it was criminal in my eyes. I live fairly close to the plant. It sickened me to read that.
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11-20-2020, 12:44 PM
(This post was last modified: 11-20-2020, 12:45 PM by vbin.)
Jeffrey Gundlach advocating that equities will trade at single PE. It can happen In a month, 6 month, 18,24. But definitely not taking another decade. Treasuries markets are dead right now( make sense low interest rates). A lot more bbb to junk downgrades coming. Lot more deliquencies, shutdowns, business closures. Advocating for not to put more than 25% in equities. I am still ~40% cash.
Corona coming back in bigger waves.
News papers reporting Trump pushing for coup.
WHO says vaccine not enough.
S&P PE is pretty high.
Markets not budging.
How does this makes sense?
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11-20-2020, 01:00 PM
(This post was last modified: 11-20-2020, 01:07 PM by fenders53.)
(11-20-2020, 12:44 PM)vbin Wrote: Jeffrey Gundlach advocating that equities will trade at single PE. It can happen In a month, 6 month, 18,24. But definitely not taking another decade. Treasuries markets are dead right now( make sense low interest rates). A lot more bbb to junk downgrades coming. Lot more deliquencies, shutdowns, business closures. Advocating for not to put more than 25% in equities. I am still ~40% cash.
Corona coming back in bigger waves.
News papers reporting Trump pushing for coup.
WHO says vaccine not enough.
S&P PE is pretty high.
Markets not budging.
How does this makes sense?
You should copy your post over to the Covid Recession thread. Our opinions are diverse and I find value in the debate. I type too much lol but I do enjoy NOT being agreed with. I don't need any cheerleaders. It gets expensive.
I love to watch Gundlach interviews. He is truly a bond guru and has the bucks to prove it. But.............. if you listened to him you'll never get back all the equity money you left on the table for 10 years.
Liquidity, near zero rates and a renewed interest in investing by young people can keep the music playing a lot longer.
I am too cashy most of the time now, but the reason is because I was 95% IN the market for 30 years. Now I could get along with a 3-4% overall total port return just fine forever. Everything you typed about the current market is valid, but 40% is too much cash for a guy your age and current bond yields. Remember when Mike and I were chatting about putting some of our excess cash in way out of the money puts in blue chip stocks. I do that when we get a decent dip in the market. KO at 45, sell a put in the 30s. If you get near the strike, things went really bad and you can likely flip the put into something with more growth potential than KO. Personally I don't see a big market dip n 2020. The market won't panic IMO. We should get a pullback at some point though. They find a way to happen. Even very defensive stocks will do better than cash if you take advantage of dips. You just can't pay too much and there is the rub 10 months a year. Don't fall too deep in love with any one sector. You know all that.
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11-20-2020, 02:43 PM
(This post was last modified: 11-20-2020, 04:55 PM by fenders53.)
VBIN is scaring me so I sold my ARCC and RQI. I am out of high yield funds for now. Up about 60% on shares I purchased in MAR-APR which was most of them. These funds were absolutely hammered in the March pullback. Risk-reward just isn't there with them bumping up against price targets already. I can get the same income selling puts on something blue chip and boring. They won't pullback 50% in a couple weeks.
At the close I sold a LOW put near the money as I would like to own the shares. PE is about 20% lower than HD and that's a bit much IMO. I have a lot of options that just expired. Hoping for some deals next week.
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Added small amounts to MSFT, GOOGL, AMZN, AAPL, and FB. I know that most of those aren't dividend payers, and I keep about 5% of my portfolio in non dividend payers, like BRK.b. I think that eventually, those companies will likely pay a dividend.
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Added some more BABA, TMO, JNJ, LLY, and NEE
I just keep adding to my core holdings on dip days, until I see other names come down to add. They have to at some point right lol
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Sold RTX (kept the free units) in my kids account and moved some of the proceeds to PSXP. It was on my radar last week and already ran up $3(~12%) since then so starting a small position.
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(11-17-2020, 04:17 PM)Otter Wrote: (11-17-2020, 04:06 PM)vbin Wrote: (11-17-2020, 04:00 PM)Otter Wrote: Sold out of my last remaining CNP shares in an IRA (got back to breakeven after the dividend cut). Replaced with a mix of GILD and STWD.
Watching PLTR continue to go to the moon.
I made 2 purchases on PLTR aswell. This is a company I was waiting to IPO since last 5 years. Thinking to buy more in December. Still bulish.
I own a small positioning STWD as well.
What's you outlook on PLTR and STWD?
Data analytics is a crowded field, but PLTR appears to have done well with government contracts. Will see if that continues across administrations. If it hits $20.20, I'll sell half and let the rest ride (would be a double for me at that point).
My rule with STWD (I once had a fairly sizable position) used to be that any time it dipped under $20, it was a buy. It isn't DGI, and their commercial paper business model is too complex for me to understand fully, but they've done a great job as an income farm for a long time. I don't mind having a small position in my IRA, where it can throw off income tax-free. If the recovery rally is a head fake and commercial mortgages become a toxic asset class, I'll probably dump it. Gotta be quick with those sell orders, though, as it dropped 75% in a hurry as the first shut-downs went into effect.
Otter, PLTR trading way past $20.20. Its running up way faster than I expected.
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