What Did You Buy Today?

[kblake]

(03-06-2020, 09:37 AM)divmenow Wrote: The ones who are patent on here will have a good 2020 lol. I;m sitting with cash and have barely spent it. Just glad I got out when I did. Now when to get back in. That is the million dollar question lol. The coronavirus has now hit the states and that's not good. I see more pain to come. S&P 500 at 2750 or so would be a nice entry point. I see a lot of these companies with a yield at over 6-7% suspending its dividend. They wont be able to pay it out. That news will be coming.  I have no doubt there. By no means am I saying we're done here. I have a big buy list ready and the time will come to buy those names. The market always gives you a opportunity. My goal is to to buy in small at S&P 2800 and then gradually add.

In the meantime I quite happy with my gold, bitcoin and a few other names that pay monthly dividends before I'm ready to get fully back in.

Now I will show you which names I'm looking to buy if you show me yours lol

I agree. The market needs to keep going down. None of this yoyo trading. There was no reason the market should have been up 1100 points the other day. That was just a suckers rally. We all said it on here. Better opportunities are coming. Its nice to have some cash on hand for these tough times. Imagine if you were fully invested? You would be stuck!! Its still too early to take positions. We may have a few up days but the sentiment is down. V, MA, MSFT, SBUX, APPL are just a few of the companies to warn. Just wait until the rest of them do. The airlines, retail transports are in for a rude awakening. All theser retails are going to have to delay for the holidays. They start in July so this will hurt company shipments. 

My buy list consists of FDX, AFL, MO, RTN, LYX, CBRL, SPG,  LOW, VLO, PSX, EOG, HD, CSCO, BA, AAPL, AXP, MET, V, KO, DRI, SBUX just to name a few lol