What Did You Buy Today?

[fenders53]

(05-11-2021, 09:12 AM)divmenow Wrote:

(05-11-2021, 09:08 AM)fenders53 Wrote:

(05-11-2021, 09:06 AM)divmenow Wrote:

(05-11-2021, 09:00 AM)fenders53 Wrote:

(05-11-2021, 08:47 AM)divmenow Wrote: Way to go...  . Join the ENPH club lol

I also took a new position in PXD thanks to the secondary at $153

I needed to add another name in the sector to go along with CVX and EOG

now the only other sector I'm underweight in is leisure 

Dude I am a charter member of ENPH.  I made a few hundred a month the past year selling short puts while it ran.  I have a few short puts that are WAY in the money after this bloodbath.  I can only roll forward so much before I own $140 shares.     I said here many times I was good with adding a real position starting at $125.  If I am honest I need ENPH to head back to $120ish to be back to even.  I wasn;t aggressive enough when it was truly cheap.  I'll add shares to my growthy port in the meantime.

Yeah yeah. What ever floats your boat   lol

I am very good with owning ENPH long-term.  How happy I am in the end very much depends on the entry.  We'll see where the bottom is soon enough.

Well me too. Got in at $108.90 

This will be a big winner for years to come.  You have to add at some point, so why not today. I don't worry about making a few $ here and there  . I'm in to win it lol 

Are we having fun today 

(06-14-2021, 04:06 PM)Otter Wrote:

(06-14-2021, 03:59 PM)fenders53 Wrote: [quote pid='26744' dateline='1623703374']

(06-14-2021, 03:29 PM)fenders53 Wrote: [quote pid='26739' dateline='1623701480']
Why would fed try to should inflation?

Because economies blow up with unchecked inflation?  I was young but the 1970's sucked.  Certain economic statistics have to stay in a reasonable range or it's trouble before long.  Inflation, unemployment and interest are among those important things.

The 1970s were a unique combination of Nixon taking the Dollar out of Bretton Woods to create the Petrodollar in 1971, and an exogenous shock to the entire economy from the OPEC embargo suddenly raising the price of every conceivable input for sustained periods.

The temporary supply chain disruptions from Covid are not in the same ballpark.

Also, the thought that capital intensive industries like agriculture/mining/etc. are going to perform better than other equities in a sustained inflationary environment is laughable. Find a cash-flow positive software company with solid double-digit YoY growth figures, and that's what will really shine. Low overhead and high margins will continue to outperform. Don't let CNBC scare pieces trick you into buying low-growth commodities while they are high.

How about I remain diversified like I always strive for?  I highly doubt I own as many commodity based stocks as you do unless you've done a lot of selling lately.   I bought the bottom in lumber in early 2020 and have sold.  I still own some gold, silver, copper and oil.  Mostly I just collect put premiums while almost owning them though, including now.
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Remaining diversified is a great plan. By doing so you are likely to track close to the 10% average annualized returns of the S&P 500.

I do it myself. I could probably just stick everything in SPY and forget about it, but that wouldn't be near as fun as trying to pick out value on a month-to-month basis while creating my own roughly identical index fund over time. The results are close enough that I stick with the hobby, because apparently I suffer from a mental illness that makes looking at balance sheets and reading articles on Seeking Alpha fun.
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We all enjoy this process.  I also enjoy arguing with you to.    

I had intended to go 60/40 by next year but I see very little chance I will play with bonds soon.  If I could get  4% yield and just close my eyes to bond capital loss I would, but I think there will be a better year for that.  I have beaten the market by a margin this year and I had too much cash at times.  Last year I would have been better off indexing.  I believe I am set up to make it almost impossible I take a bigger beating than SPY, yet it happened last spring.  

I am sitting on a nice lead in 2021.  A lead I didn't expect last fall.  My spec plays will be a small % of my port until the economy has a little time to seek something closer to "normal".