(10-01-2019, 10:43 AM)fenders53 Wrote:

(10-01-2019, 10:13 AM)divmenow Wrote: Not at all on ETFC or SCHW. These companies are going to hurt going forward with 0 commission fees. How do they expect to make money? Other then selling some kind of service.  I would rather own JPM or WFC going forward.

Why are you buying WFC when the crooks are forced to pay people to even open an account?    Some of the brokerage house make a 95% of their revenue from other sources than online commission.

(10-02-2019, 09:39 AM)divmenow Wrote: Another 5 days of selling and I will be happy. Finally some buying opportunities coming. I need to put that 40% cash to work lol

Watch list ..... Not many yet. Need another 10% correction first before that list grows.

MMM what's the hurry? 5 year chart says $140. If China cant improve how do they expect to grow? They couldn't even hit numbers before the tariffs. Do you think it cheap now? Just curious.

rest of your list pretty good.

(10-02-2019, 11:12 AM)Dividendwayfarer Wrote:

(10-02-2019, 09:39 AM)divmenow Wrote: Another 5 days of selling and I will be happy. Finally some buying opportunities coming. I need to put that 40% cash to work lol

Watch list ..... Not many yet. Need another 10% correction first before that list grows.

MMM what's the hurry? 5 year chart says $140. If China cant improve how do they expect to grow? They couldn't even hit numbers before the tariffs. Do you think it cheap now? Just curious.

rest of your list pretty good.

Unlike you all savvy investors, you will laugh if I share my reasons.

I generally just look at P/E, historical yield and dividend history. I stay fully invested most of the time.  MMM looks like a buy to me as the yield looks attractive among other technology manufacturers I owned (HON, ETN, LMT, EMR, BA). I don’t believe I have the luck to get the lowest price but I appreciate the insight. I will certainly add more when it gets down to $140, if I have cash then of course.

(10-02-2019, 12:59 PM)stockguru Wrote: Who would have thought the home builders would be reaching new highs today. This is a weird market lol

At least that should bold well for names like HD and LOW

Regarding MMM.  I could never time the market either I just go on instinct and way the company has continued to miss earnings not even participate in the last 3 years with the market. I have on watch list but for me I would only take a position if it goes much lower. Everyone has their own opinion. For me its about companies who are executing.

(10-03-2019, 10:31 AM)fenders53 Wrote:

(10-02-2019, 12:59 PM)stockguru Wrote: Who would have thought the home builders would be reaching new highs today. This is a weird market lol

At least that should bold well for names like HD and LOW

Regarding MMM.  I could never time the market either I just go on instinct and way the company has continued to miss earnings not even participate in the last 3 years with the market. I have on watch list but for me I would only take a position if it goes much lower. Everyone has their own opinion. For me its about companies who are executing.

That isn't a bad strategy.  We like to bottom fish here, and it generally does turn around in the long-term if it's a Bluechip.  It takes time to turn the battleship around and it's easy to get in way too early.  IMO nothing wrong with nibbling MMM here.  The dollar cost averaging thing pays off when you are entering a troubled stock.  Some of your purchases will very likely be at or near the bottom.