What Did You Buy Today?

[fenders53]

(03-05-2021, 10:02 AM)kblake Wrote: That's the democrats plan. Take away our retirement plans so we're dependent on them. Who voted for this guy lol.  All our retirement will be gone at this rate in a month lol

Anyway... I added to CRWD, XEL, GOLD, AAPL, and LMT

I'm down to like 5k now to spend lol

Question. For guys like Eric who have no cash ON hand. How do you stomach bad weeks or months like this and cant add to holdings like CRWD, CRSP, NTLA  and PACB?

We've been printing money since about 9/12/01.  Every President has pretty much doubled down on his predecessor's  FED Deficit stats since then.  And here we are.  It still hasn't caused a real problem for investors but it is sure threatening to now. 

I have added just a couple shares to quite a few stocks already today.  I'll post the totals later.

[fenders53]

(03-05-2021, 10:02 AM)kblake Wrote: ....Question. For guys like Eric who have no cash ON hand. How do you stomach bad weeks or months like this and cant add to holdings like CRWD, CRSP, NTLA  and PACB?

If this response comes off as all knowing, well that's not my intent.  The tech bubble crash seemed life changing at the time and caused me to do things differently.     

-If you are past your first few years of investing career, then zero cash isn't a great idea IMO.  I don't let FOMO and greed talk me out of this belief.  

-When the market is going nutso I tuck more gains in boring stuff.  Gold, short-term bonds, even utilities.  If I run completely out of cash those become a second option.  Do I want to sell UTE shares that are down 10% next month?  Not really but I sure would if AVGO, MSFT or JNJ dipped 40% and there was no company specific reason for it.

-Nobody can time a market correction, but you have to learn to smell when it is becoming more likely than not.  When an index runs straight up for 6 months without a breather, there's a clue.  When gamblers completely ignore valuations and debt, and pay for earnings that might not even happen five years from now.  That's a STRONG clue.  It's time to prepare for the next dip.  I am conservative now so when I am feeling like I am missing out, I know I am not alone and it's time to raise a little cash. 

-I always stay invested, but I keep my head best I can.  My port is honestly down exactly 2% off all time high.  I lose zero sleep over that.  I am buying good stocks 25% off the past few weeks.  I can do this for a longtime but I don't actually think the market is going to fall hard for months.  Someday it will though.  Too much liquidity for me to think this is the end.  I am worried about a year from now though.  A large infrastructure bill is likely next because that is a bipartisan desire.  We are pushing our luck though.  There aren't enough rich people to tax to pay for all this.  We legitimately grow the economy or this thing is in trouble before long.

[vbin]

Disclaimer: I am not political.

Nothing to do with Biden. I would actually not like if a president was pushing unnecessary pressure on FEDs or Treauries to his short term gains.

Those youtubers calling Nio to 300, tesla to 2000, this spac and then those who bought in are the ones.

Grantham was so right and on the spot.

UTEs running up, I am not done yet building the position I want

Added a little NEE.

[fenders53]

(03-05-2021, 11:44 AM)vbin Wrote: Disclaimer: I am not political.

Nothing to do with Biden. I would actually not like if a president was pushing unnecessary pressure on FEDs or Treauries to his short term gains.

Those youtubers calling Nio to 300, tesla to 2000, this spac and then those who bought in are the ones.

Grantham was so right and on the spot.

UTEs running up, I am not done yet building the position I want

Added a little NEE.

This is political though I am a Republican but not a Trump fan.  

Powell should have blown the Prez off and did what past FED chairs did.  Made speeches that called the market frothy when it was, and to the best of their ability did what they knew was tight to keep a leash on it.  Whether it ends well or not, any qualified FED chair forgot more about financials than any politician will ever know.

A little voice told you UTEs would make a stand at some point.  Don't chase them, though. They have been trying to find support for days and if interest rates get volatile they will still give a little more ground.  It will be blind luck if you pick the bottom.  Just nibble soon and you can yell at me later if I am wrong.  You probably don't have months to decide and you'll still be buying shares cheaper than some of my purchases a few weeks ago.  PS, WEC just got upgraded to BUY and a nice price target (that means nothing) by WFC yesterday.  CFRA still has a sell rating on it still I think.  I called that one.  These talking chimps are usually too late to be useful.

[divmenow]

(03-05-2021, 11:44 AM)vbin Wrote: Disclaimer: I am not political.

Nothing to do with Biden. I would actually not like if a president was pushing unnecessary pressure on FEDs or Treauries to his short term gains.

Those youtubers calling Nio to 300, tesla to 2000, this spac and then those who bought in are the ones.

Grantham was so right and on the spot.

UTEs running up, I am not done yet building the position I want

Added a little NEE.

Agreed. I'm not political either but we cant blame Biden. I mean he has only been in office for less then a month. Not even enough time to get his closets in order lol

This is all about those people that bid up companies to sky rocket levels that has no business being up there. Once you get in nosebleed territory its a long way down 

I know tech will come back. In fact I have been buying a few shares of the ones I see as market leaders and will be a around for a long time. I'm talking about the AAPL, CRM, PYPL, ETSY, MSFT, AVGO, TXN, TDOC ect. I bought them all today lol. 2-5 shares each.

But the ones reddit and all these other bonehead sites bid up and then got margin calls and had to sell there winners to cover those losses are what's driving down the markets. Not to mention all those young kinds bought and now lost there lunch money lol

Just sit still and look away for a few weeks lol

I too added to NEE as well as JNJ and XEL

[fenders53]

(03-05-2021, 12:32 PM)divmenow Wrote:

(03-05-2021, 11:44 AM)vbin Wrote: Disclaimer: I am not political.

Nothing to do with Biden. I would actually not like if a president was pushing unnecessary pressure on FEDs or Treauries to his short term gains.

Those youtubers calling Nio to 300, tesla to 2000, this spac and then those who bought in are the ones.

Grantham was so right and on the spot.

UTEs running up, I am not done yet building the position I want

Added a little NEE.

Agreed. I'm not political either but we cant blame Biden. I mean he has only been in office for less then a month. Not even enough time to get his closets in order lol

This is all about those people that bid up companies to sky rocket levels that has no business being up there. Once you get in nosebleed territory its a long way down 

I know tech will come back. In fact I have been buying a few shares of the ones I see as market leaders and will be a around for a long time. I'm talking about the AAPL, CRM, PYPL, ETSY, MSFT, AVGO, TXN, TDOC ect. I bought them all today lol. 2-5 shares each.

But the ones reddit and all these other bonehead sites bid up and then got margin calls and had to sell there winners to cover those losses are what's driving down the markets. Not to mention all those young kinds bought and now lost there lunch money lol

Just sit still and look away for a few weeks lol

I too added to NEE as well as JNJ and XEL

Yup, hasn't really passed a damn thing financial through Congress yet but it's coming eventually.  Executive orders to date have zero bearing on near-term oil/gasoline prices but they run higher anyway as pandemic slowly becomes less of a threat.  In the meantime fools will take their 401K to cash after they lose some money, because some clueless idiot on their Facebook page convinces them.  It's hard to watch watch some of my friends and relatives do it because they are all invested in political Kool-Aid.  You have to be smart enough as an investor to play the cards you believe will be dealt soon.

[Otter]

The December, 2018 taper tantrum is barely noticeable on a 10-year chart.

[fenders53]

(03-05-2021, 12:49 PM)Otter Wrote: The December, 2018 taper tantrum is barely noticeable on a 10-year chart.

Most of the couple month long bear events are only memorable  if you are unable to do anything at all to your port to capitalize on the event to at least a small degree.  Otherwise it's just the market rollercoaster and you tread water for awhile.  Small story in the big scheme.

Playing with the fun stuff in small quantities. Added to QQQ-ENPH-ARKG-ARKF-DG on the early dip. Rolled some puts forward but I'll share that on the options thread.

[vbin]

(03-05-2021, 12:49 PM)Otter Wrote: The December, 2018 taper tantrum is barely noticeable on a 10-year chart.

This just started, but yeah mostly a blip. If continues for 2 weeks, fed comes in with YCC.

Bought DASH puts, lock in expiration play. Their investors are in hurry to offload the 100+ million stocks next week.

[EricL]

(03-05-2021, 10:02 AM)kblake Wrote: That's the democrats plan. Take away our retirement plans so we're dependent on them. Who voted for this guy lol.  All our retirement will be gone at this rate in a month lol

Anyway... I added to CRWD, XEL, GOLD, AAPL, and LMT

I'm down to like 5k now to spend lol

Question. For guys like Eric who have no cash ON hand. How do you stomach bad weeks or months like this and cant add to holdings like CRWD, CRSP, NTLA  and PACB?

My trading account is a pretty small portion (less than 10%) of my overall savings, so its more for fun than anything I take too seriously.

I stay fully invested with my accounts because history shows that the stock market is up more often than not. I've learned I'm not a good market timer, so I just buy what I like and let it ride. I miss out on adding on dips, but for the most part I think it's worked out fairly well.

[fenders53]

Great reason to feed your 401K. One down year out of three used to be very normal. That's a lot of buying lower over an investing career. Someday bear markets will last longer than a month.

[ken-do-nim]

(03-05-2021, 02:15 PM)EricL Wrote:

(03-05-2021, 10:02 AM)kblake Wrote: That's the democrats plan. Take away our retirement plans so we're dependent on them. Who voted for this guy lol.  All our retirement will be gone at this rate in a month lol

Anyway... I added to CRWD, XEL, GOLD, AAPL, and LMT

I'm down to like 5k now to spend lol

Question. For guys like Eric who have no cash ON hand. How do you stomach bad weeks or months like this and cant add to holdings like CRWD, CRSP, NTLA  and PACB?

My trading account is a pretty small portion (less than 10%) of my overall savings, so its more for fun than anything I take too seriously.

I stay fully invested with my accounts because history shows that the stock market is up more often than not. I've learned I'm not a good market timer, so I just buy what I like and let it ride. I miss out on adding on dips, but for the most part I think it's worked out fairly well.

Are you saying 90%+ of your savings are in cash (as in, bank accounts)?  Or am I misunderstanding?