(01-18-2019, 12:34 PM)divmenow Wrote:(01-18-2019, 12:23 PM)fenders53 Wrote:(01-18-2019, 10:41 AM)divmenow Wrote: Bought my first ever gold stock today. NEM. I really liked the acquisition and this stock for 2019 and beyond. It's best in breed. Anyone else own any gold? It's a good hedge.I don't, and I never have, but done properly it's not a bad idea IMO. I feel like I need a specific plan though. A 5% gold position isn't going to accomplish anything materially different than holding a bit of cash if you are extremely deep in "normal" stocks otherwise. This would actually be a good separate thread if you are up for some conversation. I have some close friends that are deep into "Armegeddon gold and silver investing".
And I can't find a damn thing I am compelled to buy this week. I guess that is a good thing as we recover from our recent beat down. My AMZN is finally up as I slowly bought into the decline for months. Feel like I am the only person in the world that had to wait until now to be up on AMZN.
I think D and CVS are good buys right now if your looking for for some names.
Funny you should mention D. Over 90% of my 18JAN put sales are ending very happily today. D did not make the list as I jumped early. I now think D bottoms mid 60s for a great return in the mid term. But I sold some puts during utility euphoria at $72.50 and just now had to roll them forward a month. I'm upside down about $4 per share so I am upside down for the near future. Just have to keep grabbing some time value and make my entry. I D timing was bad. I can't win them all lol. If D drops a few more dollars I'll just buy some shares on the side while I ride out the put game. For now I just wait for it to stabilize. That dividend yield is already sweet and it seems fairly safe.