(07-09-2020, 03:42 PM)fenders53 Wrote:

(07-09-2020, 03:12 PM)saimash Wrote:

(07-09-2020, 02:16 PM)fenders53 Wrote:

(07-09-2020, 01:51 PM)divmenow Wrote:

(07-09-2020, 01:40 PM)fenders53 Wrote: They are cutting Div fourth quarter.  I like your chances of getting it at $70 or less if you are still interested after you research recent news.

I agree with Fenders on D.  Once they cut the dividend that was it for me. The yield is isn’t even 4% yet. Let it come down some, then buy.  To me the defense contractors are the place to be buying some shares. LMT. NOC, LHX and RTX. Buy them when there hated.

In my imaginary world of perfect timing, I hope to end up a little overweight in the pure defense contractors soon on a market dip, then rotate some profits to RTX a quarter or two from now because I think it will be much slower to recover.   They all seem to move with the big industrials to some degree (whether they should or not).  I'm still hoping we can get a real rough market week this summer.  The FED moves and election craziness may be epic in SEP-OCT so I don't want to be trying to time that.

Added a little more LMT and LHX at the close.  Full position in LHX now and real close in LMT.

Thanks for the tips fender and divmenow... BTW, I keep reading about how you are at Full Position w.r.t a particular stock... What does that mean ?  (Stupid question) ;-)

It's not a stupid question.  This is a public forum so we don't generally share excessive personal info like our port balance if it's large.  But mostly I don't wish to come off like I'm arrogant by saying things like, "Bought 200 shares of this or that today", when I know some are buying one share at a time. I always have time to help somebody decide if they should buy two shares of KO or one share of PEP.  We all started somewhere.    

To your question, if I state I now have a full position, that means I'm all in... all I care to own with current facts.  That might be only $3K of a stock like WEN I consider a little speculative.  It probably means $20K-ish for my core stocks like LMT, BMY or one of my UTEs.  Then there is over-weight.  I don't take those decisions lightly as it could affect my net worth if I get a few too many picks wrong.  It's takes a special amount of conviction and if I add, I add slowly from a "full position". 

It's my opinion you should have that full position "number" throughout your investment career.  It will change with time as your port grows.  Doesn't matter if it's $100, $10,000 or $50,000 now.  It encourages some diversity and less propensity to gamble because you think you got this figured out.  We never completely figure this out.  To me proper capital allocation requires some sort of a plan that doesn't change daily.

(07-09-2020, 04:01 PM)divmenow Wrote: And Fenders stop copying me with your LHX and LMT buys today haha

But I have to say. I like the entry points and will add even more if they get cheaper lol

Speaking of cheap Those oil stocks are getting cheap again. PSX and CSX. I currently own no oils names but am watching to get back in!!

(07-10-2020, 12:38 PM)kblake Wrote: I bought some NOC, ABBV, RTX, BMY and PYPL.

Trimmed WMT and BBY

Yes I realize PYPL is up like a 1000 percent but I'm getting at a discount today down $6 haha. Other then MSFT I have no tech. I have to join the party and its what everyone wants these days so I cant fight it lol

(07-12-2020, 06:01 AM)crimsonghost747 Wrote: I also have this no big tech thing. I never really saw the point in paying very high valuations for companies that may or may not exist in a few years. Trends appear and fade very fast in this space. But right now, for the past few months, I've been losing a lot to the SP500 mainly due to not having any of the big players in my portfolio.