What I Am Buying Today.

[fenders53]

(02-23-2022, 07:39 PM)ken-do-nim Wrote:

(02-23-2022, 04:33 PM)saimash Wrote:

(02-23-2022, 04:11 PM)stockguru Wrote: I'm all in now. No more cash available. I'm on $0

I added to what names I could buy before the close. FB, JNJ, HD, MSFT, TSCO, WFC, DG, and MMM

I would have had an extra 40k but we are getting a new kitchen put in next week. So this market better go up 10% from here fast lol

My oldest son and his friends are really hating of late. All their hard earn money is gone. They tell me they will never invest again. I see this as a pattern with the young investors. Wall Street and the powers that be have ruined the excitement the younger generation had. Its a shame.

The war may be between Russia and the Ukraine. But I feel the war will be with each other in the US over the market and messing with peoples retirement because the fed screwed up as did wall St. Just my opinion

Sad to see the young generation getting disillusioned by the market behavior... You need to keep reminding them that they have a lot of time on their hands and will eventually get ahead... As for me, my "Mid Life Crisis" Portfolio which I started with 50K initial investment and slowly kept on investing all the way till $200K is now sitting at around $120K... Think I should be writing a book on what stocks to avoid based on my own stupidity over the past 2 years   

All the hype behind Electric Vehicles, 3D Printing, Online Doctor Visits better manifest themselves in the real world soon  

I hear you!

The only silver lining to this market drop are my non-REIT high dividend payers (OXLC, ECC, HTGC); they've been a god send.  Which is weird because in the March 2020 drop, they collapsed like rocks.  My hardware stocks are also enduring the storm (AVGO, STX).  

I decided to take $2k out of my vacation fund today and put it in the market.  I have a trip to Colorado lined up and mostly paid for already in June, and anything else I decide to book I still have plenty there to pay for.  I also decided I could reinvest my accumulated dividends, since I have my annual bonus coming up in March and taxes look to only slice out 2/3 of it.  Finally, I tearfully said goodbye (for now) to CIM, the last of my high dividend paying REITs, which has been sinking fast.  I still think it's an excellent company (better than NLY or AGNC) but I think it would be better to get back in after the rate increases stop.

With those proceeds I boosted:
VALE
RIO
OXLC
ECC
HTGC
HRZN
RQI
RA
HPQ
SPUU
BX
HD

Estimated annual income now stands at $8,169.46, which is kinda/sorta accurate*.  It is also very lumpy; March and September I will receive over $1000, but May and August are projected at half that.



* ETrade overcounts VALE and TECL, but undercounts HTGC.

Proof that at some point diversification helps.  It may not maximize your total returns or income in the end, (it probably won't), but it keeps the drawdowns tolerable.   

I agree with your sell of CIM.  I'd never advocate panic port selling, but trying to slow the bleeding isn't a crazy thought.  I dumped most of my lower confidence stocks in NOV-DEC, and the last of my highish yielders a month ago.  There will be a time to re-enter.  The more conservative won't see returns as high as some during the bull, but not losing all my gains is just as important.

All the covered calls I have open are going to melt like butter.  Now to keep my cool and be careful adding them back at prices I could regret when we bounce.  Yes there will be a bounce.  Institutions have to return and steal all the poker chips from the retail panic sellers.