What Did You Buy Today?

[fenders53]

Sold a TXRH put. I'd be happy to add at Strike 90. Premium was good in the meantime. I will add a little AMZN if it drops at all. I don't own much right now.

[lucas03]

(07-29-2021, 08:35 AM)ken-do-nim Wrote: I used to buy Merck back in the late 90s on a monthly basis.  I recall the stock price was in the 60s.  Oh look, 20+ years later, it's finally in the 70s

It doesn't look like MRK was in 60s range in 90s : there were a few splits

[fenders53]

[/quote]

It doesn't look like MRK was in 60s range in 90s : there were a few splits
[/quote]
All about the timing.  Total return for MRK since 1990 is over 10% annual which is quite good.  Since 2000 under 5% which is weak like PFE.  Ken is right they have been stinking it up for awhile. Under performing just about any other blue chip stock.

[ken-do-nim]

(02-25-2021, 10:25 AM)fenders53 Wrote:

(02-25-2021, 10:00 AM)divmenow Wrote: Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?

I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts. 

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(07-30-2021, 10:13 AM)lucas03 Wrote:

(07-29-2021, 08:35 AM)ken-do-nim Wrote: I used to buy Merck back in the late 90s on a monthly basis.  I recall the stock price was in the 60s.  Oh look, 20+ years later, it's finally in the 70s

It doesn't look like MRK was in 60s range in 90s : there were a few splits

Um, I don't think so.  Yahoo Finance accounts for splits in its charts, and I do recall starting to buy early 1998 when it was in the 50s, then into the 60s in 1999. It would be good to know if yahoo finance is wrong.

[fenders53]

[quote pid='27616' dateline='1627660708']

[quote pid='27612' dateline='1627658028']

(07-29-2021, 08:35 AM)ken-do-nim Wrote: I used to buy Merck back in the late 90s on a monthly basis.  I recall the stock price was in the 60s.  Oh look, 20+ years later, it's finally in the 70s

It doesn't look like MRK was in 60s range in 90s : there were a few splits
[/quote]

Um, I don't think so.  Yahoo Finance accounts for splits in its charts, and I do recall starting to buy early 1998 when it was in the 50s, then into the 60s in 1999.  It would be good to know if yahoo finance is wrong.


[/quote]

I think it's been Pfizer's twin as it ran to the moon in the late 90s.  Not like it was a terrible company, just fools paying triple or more the normal and wondering why they were victimized.    I did the same with PFE and a few other stocks. You repeatedly pay a 60 PE for a mature company you get what you asked for eventually.  Hard lessons.

[ken-do-nim]

(Fenders, we have to fix your post quoting problem )

[fenders53]

No matter who I respond to it grabs that old random post. It gets old editing every post to remove it. I hit reply and type, same stuff most every time.

[ken-do-nim]

(07-30-2021, 11:23 AM)fenders53 Wrote: No matter who I respond to it grabs that old random post.  It gets old editing every post to remove it.  I hit reply and type, same stuff most every time.

I agree it's annoying but if the previous person quoted someone, it brings that long too.  There is a way to edit your text to get rid of the unwanted quote, but it's not trivial.

****

Just for fun, I went to the Total Stock Return calculator website, and plugged in $10,000 for MRK on Feb 1 1998 until now.  The result?

...

$30,913.74

For over two decades of investment.  So ... yeah.  I'm sure I was out by 2002 when I bought my first condo.

[ken-do-nim]

By contrast, $10,000 invested in Apple in Feb 1998 today is worth

...

$13,633,279.80

!!!

[fenders53]

You captured a couple euphoria years choosing 1998.  It's had a few runs that lasted a few years but mostly just flat.  A lot of lost opportunity the past few years as their competitors did fine so I am out.  Not giving it 25 years like I did PFE.  And had I left PFE pre-pandemic I would be kicking myself. It's always about the timing.

[fenders53]

(07-30-2021, 12:06 PM)ken-do-nim Wrote: By contrast, $10,000 invested in Apple in Feb 1998 today is worth

...

$13,633,279.80

!!!

Or invested in tech with 3X leverage in 1998 you might have enough for an extra value meal at MCD.

[ken-do-nim]

(02-25-2021, 10:25 AM)fenders53 Wrote:

(02-25-2021, 10:00 AM)divmenow Wrote: Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?

I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts. 

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(07-30-2021, 12:08 PM)fenders53 Wrote: You captured a couple euphoria years choosing 1998.  It's had a few runs that lasted a few years but mostly just flat.  A lot of lost opportunity the past few years as their competitors did fine so I am out.  Not giving it 25 years like I did PFE.  And had I left PFE pre-pandemic I would be kicking myself. It's always about the timing.

I started investing in Feb 1998, having been out of college working since Aug 1996.  I started at my current company in July 1997.  Next year will be my 25th anniversary.

And you are very right about leverage getting wiped out in the dot com bust, had it existed then.  I've got the ROTH now almost at 50% leveraged/50% growth stocks, and next year I will start to de-leverage out of the taxable more too. I have a large % of my portfolio in TQQQ & its sibling etf TECL, so:

https://www.reddit.com/r/investing/comme...arting_at/

"I wanted to illustrate the effects of 3x leveraged funds depending on what date you start. I chose to backtest QQQ and test a hypothetical TQQQ (3x leveraged rebalanced daily).

• Start of the Dotcom Bust: A Hypothetical TQQQ would be completely obliterated if it was created prior to the Dotcom crash. As of 2020, it would still be -70% from its starting value."