Dividend Growth Forum
What Did You Buy Today? - Printable Version

+- Dividend Growth Forum (http://DividendGrowthForum.com)
+-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15)
+--- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=33)
+--- Thread: What Did You Buy Today? (/showthread.php?tid=699)

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767


RE: What Did You Buy Today? - ChadR - 06-14-2021

Added to AVGO. Headed to Mexico for 10 days tomorrow so I won't be even looking at the market or buying stocks. Should have a nice cash stash with all my dividends coming in this month and not spending any more on purchases. Might do a buying spree when I get back though.


RE: What Did You Buy Today? - crimsonghost747 - 06-14-2021

(06-14-2021, 11:54 AM)fenders53 Wrote: Getting my inflation trade on.  

We'll see if the FED Chief can keep a straight face again while he pretends there is no inflation. 

Haven't you heard, this inflation is transitory!  Big Grin Big Grin


RE: What Did You Buy Today? - fenders53 - 06-14-2021

[quote pid='26733' dateline='1623696132']
Added to AVGO.  Headed to Mexico for 10 days tomorrow so I won't be even looking at the market or buying stocks.  Should have a nice cash stash with all my dividends coming in this month and not spending any more on purchases.  Might do a buying spree when I get back though.
[/quote]
Have a great time Chad!  Market should still be here when you get back.


RE: What Did You Buy Today? - EricL - 06-14-2021

Bought 1 share of MED to open a new position in my DGI portfolio with some pooled dividends.

I've been watching it since last fall and finally decided to buy after the recent pullback.


RE: What Did You Buy Today? - fenders53 - 06-14-2021

(06-14-2021, 01:47 PM)crimsonghost747 Wrote:
(06-14-2021, 11:54 AM)fenders53 Wrote: Getting my inflation trade on.  

We'll see if the FED Chief can keep a straight face again while he pretends there is no inflation. 

Haven't you heard, this inflation is transitory!  Big Grin  Big Grin
I am very curious when they begin to acknowledge it's going to be considerably more than the 2% target for too long.  That sounds laughable at the moment.  Industrial commodities won't stay up 2 to 4X like many currently are, but I just don't see the path back to 2% with loose rates and more stimulus.  Nothing that is making me panic, but it's hard to ignore for anything I am not planning on holding for a lot of years.  It's going to be an interesting ride before too long if we see a few more reports like the last one as we re-open.  Likely a blip on the long-term charts in a few years.


RE: What Did You Buy Today? - crimsonghost747 - 06-14-2021

(06-14-2021, 02:40 PM)fenders53 Wrote:
(06-14-2021, 01:47 PM)crimsonghost747 Wrote:
(06-14-2021, 11:54 AM)fenders53 Wrote: Getting my inflation trade on.  

We'll see if the FED Chief can keep a straight face again while he pretends there is no inflation. 

Haven't you heard, this inflation is transitory!  Big Grin  Big Grin
I am very curious when they begin to acknowledge it's going to be considerably more than the 2% target for too long.  That sounds laughable at the moment.  Industrial commodities won't stay up 2 to 4X like many currently are, but I just don't see the path back to 2% with loose rates and more stimulus.  Nothing that is making me panic, but it's hard to ignore for anything I am not planning on holding for a lot of years.  It's going to be an interesting ride before too long if we see a few more reports like the last one as we re-open.  Likely a blip on the long-term charts in a few years.

My view:
For the next few months saying it's "transitory" will be enough.
Then for the next several months up to a year or two, it'll be ok saying "it's ok for it to be above the 2% target since we were below that for so long".
Then they will have to figure out another narrative.

Inflation is a massive threat right now but it doesn't show up on the charts? Personally I think it's because there are very few simple methods to shield against inflation. That and the stimulus doesn't look to be ending anytime soon... as long as the sp500 keeps climbing faster than inflation, no matter what percentage we are talking about, then money will keep pouring in.


What Did You Buy Today? - vbin - 06-14-2021

Why would fed try to should inflation?


RE: What Did You Buy Today? - fenders53 - 06-14-2021

I have no problem with any of your logic. Some actually regard the SPY as an inflation hedge. I suppose that is valid with low rates. Some of the growthier indexes not so much. My Russell 2000 stuff is certainly more volatile, but it won't stay down either.

I am going to keep some cash always though as I will feel like a fool if I completely ignore this, just because half the investing public has no idea how this is supposed to work, and a lot of them think everything now is just "the new way to invest", forever and ever lol.


RE: What Did You Buy Today? - fenders53 - 06-14-2021

[quote pid='26739' dateline='1623701480']
Why would fed try to should inflation?
[/quote]

Because economies blow up with unchecked inflation?  I was young but the 1970's sucked.  Certain economic statistics have to stay in a reasonable range or it's trouble before long.  Inflation, unemployment and interest are among those important things.


RE: What Did You Buy Today? - Otter - 06-14-2021

10yr is under 1.5% and that yield is down about 15% from the recent highs at the end of March.

So far it looks like the bond market is viewing inflation prospects as transitory and driven primarily by supply chain constraints. There is no quick fix for things like chip shortages that have drastically curtailed new automobile production. Supply chains that were JIT to begin with don't turn on like light switches after falling dormant for a year. For over a decade the trend was to hold no inventory and be as efficient as possible. Works great during normal times, but turns into a giant cluster the minute the global economy gets disrupted and supply chains break down for long periods. This is Macro Econ 101 - demand has outstripped supply for a number of goods (like autos) that figure heavily into inflation calculations.

The reopened economy today (labor, capital, size of market) is not fundamentally different from the pre-Covid economy, where developed economies in the U.S. and Europe struggled to hit a 2% inflation target for roughly 20 years.

The great inflation panic of 2021 will likely get filed alongside the great market crash of December, 2018, in the list of things no one can remember in four years while this bull market has the S&P 500 somewhere in the 6,000s or higher.


RE: What Did You Buy Today? - Otter - 06-14-2021

(06-14-2021, 03:29 PM)fenders53 Wrote: [quote pid='26739' dateline='1623701480']
Why would fed try to should inflation?

Because economies blow up with unchecked inflation?  I was young but the 1970's sucked.  Certain economic statistics have to stay in a reasonable range or it's trouble before long.  Inflation, unemployment and interest are among those important things.
[/quote]

The 1970s were a unique combination of Nixon taking the Dollar out of Bretton Woods to create the Petrodollar in 1971, and an exogenous shock to the entire economy from the OPEC embargo suddenly raising the price of every conceivable input for sustained periods.

The temporary supply chain disruptions from Covid are not in the same ballpark.

Also, the thought that capital intensive industries like agriculture/mining/etc. are going to perform better than other equities in a sustained inflationary environment is laughable. Find a cash-flow positive software company with solid double-digit YoY growth figures, and that's what will really shine. Low overhead and high margins will continue to outperform. Don't let CNBC scare pieces trick you into buying low-growth commodities while they are high.


RE: What Did You Buy Today? - ChadR - 06-14-2021

Thanks Fenders. The wife and I will enjoy a much needed vacation. Expect it to still be here and hopefully giving out lots of bargains when we get back.