f7ben Posted November 13, 2020 Share Posted November 13, 2020 Corporate profits shrinking Deficits and debt at record highs SP500 PE at roughly 230% of historic median value Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted November 13, 2020 Platinum Contributing Member Share Posted November 13, 2020 37 minutes ago, f7ben said: Corporate profits shrinking Deficits and debt at record highs SP500 PE at roughly 230% of historic median value Are you still on the sidelines? 1 Quote Link to comment Share on other sites More sharing options...
SSFB Posted November 13, 2020 Share Posted November 13, 2020 I bought some MSFT shares today. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 13, 2020 Author Share Posted November 13, 2020 8 minutes ago, SnowRider said: Are you still on the sidelines? I’ve been short since 1.5 years ago and have lost a significant amount of money I made the right bet....the Fed leveraged my grandkids future and destroyed the free market to prop up a failed system oh well Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted November 13, 2020 Platinum Contributing Member Share Posted November 13, 2020 2 minutes ago, f7ben said: I’ve been short since 1.5 years ago and have lost a significant amount of money I made the right bet....the Fed leveraged my grandkids future and destroyed the free market to prop up a failed system oh well I wasn’t being smart ass - was just asking. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 13, 2020 Author Share Posted November 13, 2020 Just now, SnowRider said: I wasn’t being smart ass - was just asking. I wasn’t responding as a smart as.....just telling you what my position is Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted November 13, 2020 Share Posted November 13, 2020 I have made over 20k on a single trade this past month.....plus the same stock is paying a 6% dividend. Sad for you you are not taking your share. BTW, this is how you get that money, it is stimulus for investors. Wake up and stop being a sap. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 13, 2020 Author Share Posted November 13, 2020 Just now, ManOnManOral said: I have made over 20k on a single trade this past month.....plus the same stock is paying a 6% dividend. Sad for you you are not taking your share. BTW, this is how you get that money, it is stimulus for investors. Wake up and stop being a sap. Fuck you Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted November 13, 2020 Platinum Contributing Member Share Posted November 13, 2020 4 minutes ago, SnowRider said: I wasn’t being smart ass - was just asking. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 13, 2020 Share Posted November 13, 2020 3 hours ago, f7ben said: I’ve been short since 1.5 years ago and have lost a significant amount of money I made the right bet....the Fed leveraged my grandkids future and destroyed the free market to prop up a failed system oh well so losing is now making the right bet. Fucking bizzaro world. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 13, 2020 Share Posted November 13, 2020 3 hours ago, f7ben said: I’ve been short since 1.5 years ago and have lost a significant amount of money I made the right bet....the Fed leveraged my grandkids future and destroyed the free market to prop up a failed system oh well Its going to eleventy! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 13, 2020 Share Posted November 13, 2020 3 hours ago, f7ben said: I’ve been short since 1.5 years ago and have lost a significant amount of money I made the right bet....the Fed leveraged my grandkids future and destroyed the free market to prop up a failed system oh well You mean Trump? Quote Link to comment Share on other sites More sharing options...
FrankieJames7 Posted November 13, 2020 Share Posted November 13, 2020 Just now, Mainecat said: You mean Trump? Just curious who u going to blame when Trumps gone? Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted November 13, 2020 Share Posted November 13, 2020 3 hours ago, ManOnManOral said: I have made over 20k on a single trade this past month.....plus the same stock is paying a 6% dividend. Sad for you you are not taking your share. BTW, this is how you get that money, it is stimulus for investors. Wake up and stop being a sap. I'm thinking Ben would go to the grave penniless before he got in the market to get his share of the stimulus. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 13, 2020 Share Posted November 13, 2020 4 hours ago, ManOnManOral said: I have made over 20k on a single trade this past month.....plus the same stock is paying a 6% dividend. Sad for you you are not taking your share. BTW, this is how you get that money, it is stimulus for investors. Wake up and stop being a sap. Div stocks are great. Spread them around to different sectors, and turn on the div income when you retire. Easy peasy. Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted November 14, 2020 Share Posted November 14, 2020 2 hours ago, DriftBusta said: Div stocks are great. Spread them around to different sectors, and turn on the div income when you retire. Easy peasy. Especially being we have tfsa that between the three of us can hold 67500 each and increases by 6k each every year. No taxes on the dividends makes using my adult child's room perfect. She will be left the entire amount in the end and then have her own tax free income for life when we pass or it will be gifted to her when she retires if we are still around. I will keep contributing the max into her account until we are both retired. Quote Link to comment Share on other sites More sharing options...
Wildboer Posted November 14, 2020 Share Posted November 14, 2020 Everyone reapeat after me: "The stock market is not the economy. The stock market is NOT the economy." This has been your daily lesson in economics 101. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 14, 2020 Platinum Contributing Member Share Posted November 14, 2020 14 hours ago, FrankieJames7 said: Just curious who u going to blame when Trumps gone? No one , everything could be exactly the same and he will be saying how great things are. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 14, 2020 Platinum Contributing Member Share Posted November 14, 2020 13 hours ago, DriftBusta said: Div stocks are great. Spread them around to different sectors, and turn on the div income when you retire. Easy peasy. What is your thoughts on muni bonds? Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted November 14, 2020 Share Posted November 14, 2020 Kgc is up 80% since I bought it Leveled off now but what a ride Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 14, 2020 Share Posted November 14, 2020 (edited) 2 hours ago, steve from amherst said: What is your thoughts on muni bonds? The income is exempt from fed income and often state income taxes if they're issued in your home states which is great, but the yields on bonds in general is pretty pathetic these days. Its hard to get excited about 1% or less. If you're a ways out from retirement, I'd park as much as you can in a Roth and ride the market. Then all those gains are tax free when its time to take income (5 year hold, past 59.5, and income limitations apply). Safe fixed income yields are tough to find. Some have also been doing 3 or 5 year fixed annuities. Last I looked NY Life paid 1.9% compound rate on a 100k purchase. EDIT: Some corporate bonds are paying decent yields but I'd stay away from any junk grade stuff. Edited November 14, 2020 by DriftBusta Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 14, 2020 Share Posted November 14, 2020 46 minutes ago, washedupmxer said: Kgc is up 80% since I bought it Leveled off now but what a ride There has been some incredible rides this year. United Rentals has more than doubled since March. I've been doing a lot of short term plays, in and back out, just on the waves that some of these stock prices are on. I bought some Aurora about 2 months ago because it seemed like the price was low relative to a year or two ago. Price dropped 20% after I bought it in early Oct., oh well. Day after election it shot up 40%. Hit the sell button took a tidy 20% profit, all happy with myself. Next day the fucking stock price goes up another 50%. wtf. Now its trending back down again. Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted November 14, 2020 Share Posted November 14, 2020 8 minutes ago, DriftBusta said: There has been some incredible rides this year. United Rentals has more than doubled since March. I've been doing a lot of short term plays, in and back out, just on the waves that some of these stock prices are on. I bought some Aurora about 2 months ago because it seemed like the price was low relative to a year or two ago. Price dropped 20% after I bought it in early Oct., oh well. Day after election it shot up 40%. Hit the sell button took a tidy 20% profit, all happy with myself. Next day the fucking stock price goes up another 50%. wtf. Now its trending back down again. I bought that was sell but held it too long so now I'm stuck with it till the next rise. I heard talk of being moved to cat 2 narcotic and that will cause next rise.....we shall see 1 Quote Link to comment Share on other sites More sharing options...
SSFB Posted November 14, 2020 Share Posted November 14, 2020 46 minutes ago, DriftBusta said: The income is exempt from fed income and often state income taxes if they're issued in your home states which is great, but the yields on bonds in general is pretty pathetic these days. Its hard to get excited about 1% or less. If you're a ways out from retirement, I'd park as much as you can in a Roth and ride the market. Then all those gains are tax free when its time to take income (5 year hold, past 59.5, and income limitations apply). Safe fixed income yields are tough to find. Some have also been doing 3 or 5 year fixed annuities. Last I looked NY Life paid 1.9% compound rate on a 100k purchase. I do 15%, all in Roth Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 14, 2020 Share Posted November 14, 2020 56 minutes ago, SSFB said: I do 15%, all in Roth Nice. You're gonna be in real nice shape in a few years Quote Link to comment Share on other sites More sharing options...
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