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2020 Covid-19 Recession
#21
Guru,

If you are getting out I wouldn't take a new position in bonds other than short-term treasuries. The credit markets are volatile too. I think you should be able to get about 1/2%. Depends what day you look. If you try to get a bit better rate in a CD your money will be locked up more than a few months.

I think the US Treasury has latitude in administering the stimulus. If a business takes any free money, I'm sure it comes with rules we don't prefer. Loans maybe not beyond no stock buybacks which is a hot topic politically. We should know this week.

I don't really disagree with your economy predictions. I live is a small touristy town and it is going to devastate small business. I lightened up during the last run up. Probably not enough, but I will stay the course on my most solid companies. I purchased some puts and that definitely takes some of the sting out of down market day. What I won't do is go all cash. I'll screw up the re-entry like most everyone else who ever attempts it. I'll continue swing trading some smallish positions in companies I don't mind getting stuck in long-term because that will surely happen at some point. I highly suspect the market will provide the volatility to make that viable. There will be many more stocks that act like WEN did.

Keep those kids safe, and see you on our daily chat thread lol.
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#22
DLR holding strong during the correction, as it is up 3% today and is now <5% away from an all-time high.

Have to think the massive shift to remote work, video conferencing, and increased data usage for streaming is a big plus for its data centers.

By far the largest position in my portfolio due to its performance.
My website: DGI For The DIY
Also on: Facebook - Twitter - Seeking Alpha
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#23
(03-30-2020, 10:14 AM)EricL Wrote: DLR holding strong during the correction, as it is up 3% today and is now <5% away from an all-time high.

Have to think the massive shift to remote work, video conferencing, and increased data usage for streaming is a big plus for its data centers.

By far the largest position in my portfolio due to its performance.

Those are going to be few and far between.  I am gradually getting fatter on healthcare and UTEs.  This defensive thing has it's advantages now and then.  Smile
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#24
There's definitely money flowing into healthcare today. ABT and JNJ are both up over 7% for me. D up nearly 5% is nice as well.

Just noticed that ABT is now the #3 position in my portfolio behind DLR and LMT.
My website: DGI For The DIY
Also on: Facebook - Twitter - Seeking Alpha
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#25
(03-30-2020, 10:35 AM)EricL Wrote: There's definitely money flowing into healthcare today. ABT and JNJ are both up over 7% for me. D up nearly 5% is nice as well.

Just noticed that ABT is now the #3 position in my portfolio behind DLR and LMT.

JNJ and ABT are two of my larger holdings.  I admit I am scared, but I refuse to run scared.  I have been rotating and buying more of these through the pain.  I did sell a little D today.  I caught the bottom and I doubt today is the new bottom for D.  I've been wrong before.  I'd be happy to buy some back on THU, or next week.  Smile
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#26
I know everyone knows this but I think a helpful reminder.

The average investor has underperformed the S&P 500 by ~460bps/year. DALBAR, which performs this annual study, attributes the underperformance to investors attempting to time the market and moving into and out of investments too frequently.

The best thing to do is to continue to buy and hold for the long-term, especially during market drawdowns such as the one we are currently experiencing.

Another favorite example of mine is the Magellan Fund. Peter Lynch generated 29% annualized returns during his tenure. Guess what the average investor made in his fund? The average investor lost money because they invested in and redeemed from his fund at exactly the wrong times!

Try to focus on the long-term prospects of the companies you are investing in.

Wishing you all the best out there!
Bobby
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#27
(04-16-2020, 09:38 PM)TIKR Wrote: I know everyone knows this but I think a helpful reminder.

The average investor has underperformed the S&P 500 by ~460bps/year. DALBAR, which performs this annual study, attributes the underperformance to investors attempting to time the market and moving into and out of investments too frequently.

The best thing to do is to continue to buy and hold for the long-term, especially during market drawdowns such as the one we are currently experiencing.

Another favorite example of mine is the Magellan Fund. Peter Lynch generated 29% annualized returns during his tenure. Guess what the average investor made in his fund? The average investor lost money because they invested in and redeemed from his fund at exactly the wrong times!

Try to focus on the long-term prospects of the companies you are investing in.

Wishing you all the best out there!
Bobby
Bobby

It may not sound like it from reading our posts, but almost everyone here maintains a long-term buy and hold DGI port.  We discuss them less frequently but there are many threads on the subject.  There are a few here that time the market with large parts of their port, but mostly not.  Trading is a side game for some of us, with a small amount of our assets.  We tend to chat a lot about the trading buckets.  Frankly it's more entertaining. I learn quite a lot from my trading activities. And yes sometimes I learn I would have been better off not trading. Smile The last month was very good though. The volatility has been lucrative. TO some degree I rescued my badly beaten up long-term holdings.
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#28
Makes sense Smile
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#29
I sold bupkis : )
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#30
(04-16-2020, 09:38 PM)TIKR Wrote: I know everyone knows this but I think a helpful reminder.

The average investor has underperformed the S&P 500 by ~460bps/year. DALBAR, which performs this annual study, attributes the underperformance to investors attempting to time the market and moving into and out of investments too frequently.

The best thing to do is to continue to buy and hold for the long-term, especially during market drawdowns such as the one we are currently experiencing.

Another favorite example of mine is the Magellan Fund. Peter Lynch generated 29% annualized returns during his tenure. Guess what the average investor made in his fund? The average investor lost money because they invested in and redeemed from his fund at exactly the wrong times!

Try to focus on the long-term prospects of the companies you are investing in.

Wishing you all the best out there!
Bobby

(04-18-2020, 07:12 PM)rayray Wrote: I sold bupkis : )

Did you sell it at the top?  Smile
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