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OP
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Joined: Jun 2000
Posts: 11,304 |
Title says it all.
Lots of people in cash right now. You?
Stocks, bonds, metals, real estate ...?
If, how, when getting back into something?
Looking for ideas ...
"What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as freedom should not be highly rated." Thomas Paine
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For short term money T-bills are the answer right now - yields not seen in years (5% ) with virtually no risk, no state or local taxes, several durations to choose from. You can purchase any amount directly from Treasury.gov. You may consider laddering them because the Fed meets in a few weeks and we all know where FF rates are going from here and the T-bills yields should follow the FF rates.
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I'm a little concerned about the future of my Norfolk Southern Preferred. If the government decides to rip NS a new one, it's gonna get ugly. Since I first bought it, it has quadrupled....but if Biden's DOJ goes after them, it's toast. I'm not real happy with the idiot who tried to get the people in East Pal to sign liability waivers. Corporate should have immediately sent several boxcars of palletized 100 dollar bills and gave them to anybody with a sore throat. That would be a lot better optic than lawyers with clipboards.
Well this is a fine pickle we're in, should'a listened to Joe McCarthy and George Orwell I guess.
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I do not jump in and out of the market. For 35 years, I’ve had a mixed portfolio of stocks, bonds, mutual funds, tax free munis, and a little cash. I meet with my investment advisor occasionally and make some adjustments. But jumping out of the market or “timing” it to buy low, sell high, doesn’t work for me. When I get a cash infusion from somewhere, I discuss investment options for that money and usually spread it over several types of investments.
NRA Patron
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
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I do not jump in and out of the market. For 35 years, I’ve had a mixed portfolio of stocks, bonds, mutual funds, tax free munis, and a little cash. I meet with my investment advisor occasionally and make some adjustments. But jumping out of the market or “timing” it to buy low, sell high, doesn’t work for me. When I get a cash infusion from somewhere, I discuss investment options for that money and usually spread it over several types of investments. Ditto.
Conduct is the best proof of character.
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Buy low, sell high.
Dollar is high and mighty right now, so it makes sense to look at some international buys if you have cash.
Other than that, dollar cost average in, and stay in.
Sic Semper Tyrannis
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I manage my own account plus some others. Current earnings and capital preservation is the focus. These are large portfolios that outstrip current needs so the approach is conservative.
Here is what I believe:
The fed needs to fix its balance sheet so rates will remain high and maybe rise.
Mild to medium recession later part of 23.
As rates go higher tolerance to currently unprofitable activates will decline and high PE stocks will get pressed lower. Since money will tighten and inflation is continuing I am being stricter on stock criteria and evaluation and buying and selling stocks.
With that as marching orders currently have 45% real-estate, 10% assets and 45% investments.
Of the 45% investments currently comfortable with 50% in cash like investments 45% percent equities of which all need to pay minimum 3% Divs, 50% Div payout or less and PE 22 or lower. This will give up some long term appreciation but will provide reliable stability. The other 5% stock are bets that will outperform in the future.
Cash parked in multiple money market funds earning 4.2 -4.5% paid monthly. Currently using SWVXX, SNOXX at Schwab , FNSXX, VMRXX, WMPXX at Wells Fargo and SPRXX at Fidelity. Looking at Tbills currently 5%+ for 6-12 months but money is tied up an no monthly payout. It is just too easy to do MM funds but if it goes higher I might grab some.
Mainly there is a lot more cash than in the past but this is meeting the needs of everyone and providing liquidity which gives flexibility. YMMV
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For short term money T-bills are the answer right now - yields not seen in years (5% ) with virtually no risk, no state or local taxes I've got about 75% of my portfolio in short term T-bills right now. I've been buying 3 month T bills because the rates are rising so fast that I don't want to go longer, I roll over at a higher rate when they mature. I believe we're in for a recession (it's almost a certainty) and there'll be a decent correction in the market. I'll re-evaluate getting back in at that time.
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I too have a portion of my portfolio in dividend stocks and some dividend ETFs. However, with Money Market, bond, CD and T-bills paying what they are, I have started moving some $ out of the stocks and ETFs and into the those lower risk assets. At 5% no risk return, it's hard to pass it up.
Did anyone invest in I-series savings bonds last year? The variable rate yield was over 9% in the first half of the year. I think it's currently over 6%.
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Muni bonds, T-bills with short maturity dates, and CD's
If God wanted you to walk and carry things on your back, He would not have invented stirrups and pack saddles
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4.62% on the 26 week T-Bill auction completed this morning. There is a 52 week auction tomorrow and another 26 week auction 3/27. Did anyone invest in I-series savings bonds last year? The variable rate yield was over 9% in the first half of the year. I think it's currently over 6%. 6.89% current 6 month rate, and they compound semi-annually, so these high rates for the last year and a half pack some extra weight. Too bad the annual limit is $10,000 per person.
Last edited by Cheyenne; 03/20/23.
"Don't believe everything you see on the Internet" - Abraham Lincoln
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Sold a business in late 2021. Have been heavily focused on private equity and private credit markets since then. A few private venture funds have come up. All seem to be a big gamble, but a few have gotten some capital. Haven't moved my equity positions at all. Waiting for a big correction, but even then it'll be a small move.
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Campfire Ranger
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Forty years of a broadly diversified portfolio with consistent investments through all the downturns has been rewarding. Timing the market is a guaranteed loser. Matching what an employer contributes is a guaranteed winner. Don't spend beyond your means and pay off the monthly credit card. Because of the continued action by Powell, short term CD's have eclipsed 5% in my area. This will be my next move.
My home is the "sanctuary residence" for my firearms.
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Stocks, it's what I know best. I just picked up KEY and PACW hopefully at the bottom of their range.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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still heavy in NASDAQ. Up 13.95% YTD. Fingers crossed that it keeps moving in the right direction.
Laws aren't preventative measures. In other words, more laws won't prevent gun crime from happening.
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Sold my HSBC and replaced it with LW.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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Sold CNHI, it was fun but it formed a head and shoulders in its 6 month chart. Reinforced my postion in LW with the proceeds.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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80% of my SEP/IRA is in timberland and has been for the last 20 years. I have a few hundred grand in the market just to play with. Been trading TOST 16.6-20ish, GOOGL 95-102, FANG 130-145, RXRX 6-7.5, and VZ37-41 with a 6.5% div. I just can't get enthused about chasing some of this prices.
"If there are no dogs in Heaven, then when I die, I want to go where they went" Will Rogers
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Sold my NVDA today and made a very nice profit. I thought its momentum was starting to wane.Bought FDX and GSK to replace it.
Last edited by tdbob; 04/06/23.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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It's my understanding the S&P is valued at 50 times earnings... a realistic/profitable number is 15 times earnings.... Add into this companies going woke and broke doesn't bode well for the stock market. Our currency is on the verge of collapse, the petro dollar is over and trillions of USD will come flooding home soon. Best invest in real things, think commodities, income producing real estate etc.... if the BRICS establish a gold backed exchange , precious metals will skyrocket.
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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It's my understanding the S&P is valued at 50 times earnings... a realistic/profitable number is 15 times earnings.... If you are talking about the 12 month trailing P/E of the S&P 500 index, WSJ has it at 18.12 as of 4/6/23, down from 25.57 a year ago. https://www.wsj.com/market-data/stocks/peyieldsAnother source put it at 21.94 as of 4/6/23. It also shows an index mean of 16 and a median of 14.93 https://www.multpl.com/s-p-500-pe-ratioIt’s still high but coming back down to earth. I think that is because interest rates give people better risk-free alternatives to park their cash and because cash-burning growth companies that need to borrow money at higher rates are much riskier now. Companies that supply stuff that people need are still going to be fine.
"Don't believe everything you see on the Internet" - Abraham Lincoln
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I am putting money into
ABML
Aquametals
Lithium recycling.
Green Giant moves crazy up and down 4 trading.
ZIM is also an interesting deal.
Divedends are very high.
"Shoot low sheriff, I think he's riding a shetland!" B. Wills
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Sold off what I had left in TRTN to take advantage of the pop in its price. Bought BBAI as a cheap spec.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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Cash , real estate , and precious metals. Less than 10% of my assets in dividend stocks.
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It's my understanding the S&P is valued at 50 times earnings... a realistic/profitable number is 15 times earnings.... If you are talking about the 12 month trailing P/E of the S&P 500 index, WSJ has it at 18.12 as of 4/6/23, down from 25.57 a year ago. https://www.wsj.com/market-data/stocks/peyieldsAnother source put it at 21.94 as of 4/6/23. It also shows an index mean of 16 and a median of 14.93 https://www.multpl.com/s-p-500-pe-ratioIt’s still high but coming back down to earth. I think that is because interest rates give people better risk-free alternatives to park their cash and because cash-burning growth companies that need to borrow money at higher rates are much riskier now. Companies that supply stuff that people need are still going to be fine. Well said. Looking into the details, however, reveals the interesting stuff. https://www.yardeni.com/pub/stockmktperatio.pdfLooking at the P/E's, the large cap (think flight to safety) is still fairly lofty both in real and historical terms. Not nutzo anymore, but still pretty pricey in a 5% inflation environment. S&P Small cap P/E's are a different story (think flight from risk) and have really cratered over the last year or so, pretty much cut in half to well under 15. The notable part is that the S&P small caps have significantly lower P/E's than their Russel 2000 counterparts/..
Sic Semper Tyrannis
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Lead, Primers , Powder and Brass .
Grumpy old man with a gun.....Do not touch . Better to be judged by 12 than carried by 6. Don't bother my monument and I'll leave yours alone.
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Campfire Ranger
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It's my understanding the S&P is valued at 50 times earnings... a realistic/profitable number is 15 times earnings.... Add into this companies going woke and broke doesn't bode well for the stock market. Our currency is on the verge of collapse, the petro dollar is over and trillions of USD will come flooding home soon. Best invest in real things, think commodities, income producing real estate etc.... if the BRICS establish a gold backed exchange , precious metals will skyrocket. Google said 21.76 today...... https://www.multpl.com/s-p-500-pe-ratio
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I'm moving all my retirement investments away from woke financial companies. Finished with my 2 stock investment companies, just waiting for CD maturity to finish.
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Sold off a couple of turds because they weren't performing as I had hoped. Sold CEIX and IP. Bought THC and DANOY bolstering their positions and also bought KBH, PHM, and TOL.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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I have been all in on big tech since 1994; msft, goog, amzn.
My father was mostly msft. My son is all amzn and goog from stock options. My brother is big tech. My sister is big pharma. A friend of mine is big pharma from stock options.
Everyone's next move is to die, so their heirs can sell the stocks without paying capitol gains.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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Campfire 'Bwana
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Campfire 'Bwana
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Tobacco stocks.
Tobacco is legal, nicotine is addictive, and the gross profit margin is in the neighborhood of 50%.
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
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Tobacco stocks.
Tobacco is legal, nicotine is addictive, and the gross profit margin is in the neighborhood of 50%. So who and what has been their recent performance?
Conduct is the best proof of character.
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Sold CRWD, it was fun but it's rolling over. Bought BAESY and DANOY to replace it.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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I sold BA, PACW and NAT last week because they were rolling over in their price. Got rid of PACW because things weren't looking good and pretty much traded it for NYCB straight up.Bought some more Meta to bolster its position, also bought BMWYY, MGM, GOLD, KGC, and KTOS. I'll revisit BA when its price becomes more attractive.
Last edited by tdbob; 05/08/23.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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I sold BA, PACW and NAT last week because they were rolling over in their price. Got rid of PACW because things weren't looking good and pretty much traded it for NYCB straight up.Bought some more Meta to bolster its position, also bought BMWYY, MGM, GOLD, KGC, and KTOS. I'll revisit BA when its price becomes more attractive. Good move on the PACW!!!
FJB & FJT
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Sold AAPL for a very nice profit. It was bumping up against previous highs, also it appears that AI related stocks are making a bubble. I thought I would git while the gittin' was good. Bought COF, perhaps to follow Warren's lead. Just sitting on the rest of proceeds to see where the market goes.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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Sorry I've been away from this thread. I had my shopping list out. I bought ORCL. AMZN, CRM, GOOGL and INTC. Sold KGC and DVN today.
Last edited by tdbob; 06/08/23.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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I am close to retirement. My wife and I have over a 1/3 in CDs some in an interest stable value fund and the rest in mutual funds. I bought a 3 month CD yesterday with her IRA cash at 5.35. I have a couple of stocks that are up I should sell and buy a CD with. Above 5% I am happy with CDs.
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Selling index and ETF funds this week sweeping out profits.50/50 chance S P moves higher next 2 months just mhop.Moving to cash sic money markets.I do believe we will a recession by the end of the year.
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I’ve just been day trading for the last 10 months. Usually SPX ODTE, not for everyone. My .02, look at the 10yr, every time the yield looks like its gonna take off it get s smacked down. Only one with that fire power is the FED. So balance sheet increases while they raise and supposedly do QT lol. So this “not QE” is driving this market, treasury is backdooring the fed, dogs and cats living together etc.
This doesn’t end well, there is going to be a debt market implosion and we’re going to see bailouts like never before. But until then I’m fully expecting all time highs and playing it that way via index derivatives, things could get crazy to the upside before the house of cards folds, so I sure as hell wouldn’t be short right now. I’m Hedging via 3x bears DRV,FAZ,JDST (might want to pull up a chart on those going back to 2008,seriously might be the best tip you’ve ever got) .
After that, and who knows when it will be I plan on loading up on commodities and precious metals,oil etc. I’ll be buying TLT and more bitcoin too. Become your own central bank because it doesn’t look good, at a scale we can’t even begin to understand. The 5 largest banks currently have over 100 TRILLION in derivatives. We are in big trouble, when? idk this is a traders market, invest with care.
Edit to add my bank derivative estimate was wrong. It’s actually over 150 trillion for the top 3 banks. Wow.
Idk what will happen and these things always take a long time to play out, but it seems the writing is on the wall. I fear we might be in a situation like Japan in the late 80’s-90’s. Not to scare people but after that crash they didn’t reach those highs again until this year.. so if you’re a guy that cost averages indexes, which most are even “money managers “ , something to keep in mind.
Last edited by rosco1; 07/04/23.
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Campfire 'Bwana
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Campfire 'Bwana
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Riot Platforms Inc 13.59 USD +10.22 (303.26%)year to date
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Campfire 'Bwana
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Campfire 'Bwana
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Amazon.com, Inc. 130.38 USD +44.56 (51.92%)year to date
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Campfire 'Bwana
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Campfire 'Bwana
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Fidelity® Contrafund® Fund 14.94 USD +2.89 (23.98%)year to date
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Beautiful correction in progress, love 1% or more daily moves in indexs. Any day traders in here?
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Natural resources, EIS the Israel etf, gold and silver mining, oil, AI, RIOT, TH, PBR, 3 commodity ETFs, Carvana, Hertz warrants, POWW, and a few others. 25% in cash. Self directed IRA, not all that big. My wife has the big one, at least for us it's kinda big.
Our best asset is land that is raising mostly trees and a few cows, but mostly has appreciated probably 8 to 10 times over what we have in it.
We are not wealthy and don't use credit.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Look for bargains: guns, old cars , trucks , boats, atv's, tools, etc...........
something bought right is half sold. $$$CASH$$$
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CVNA still looking squeezee. 1/24 90-100C getting heavy bids. With its short interest it could get interesting. A lot of it is open interest so looks like a good chunk of it is nothing but gamma traders. Interesting nonetheless
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Campfire 'Bwana
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Campfire 'Bwana
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Riot Platforms Inc NASDAQ: RIOT 15.48 USD +1.94 (14.33%)today
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Fidelity® Contrafund® Fund 14.94 USD +2.89 (23.98%)year to date I've been in the Contrafund for years....it has served me well.
Last edited by remington; 07/08/23.
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Campfire 'Bwana
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Campfire 'Bwana
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Riot Platforms Inc 16.86 USD +13.49 (400.30%)year to date
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Riot Platforms Inc 16.86 USD +13.49 (400.30%)year to date Are you selling these when you post or just posting paper gains in a bull run?
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Campfire 'Bwana
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Campfire 'Bwana
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Making a metric shiit ton of money
Riot Platforms Inc 17.51 USD YTD +14.14 (419.58%)
Riot Platforms Inc 17.51 USD +0.65 (3.86%)today
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Campfire 'Bwana
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Campfire 'Bwana
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Been buying and selling this for years.
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
Nice. Riot should be an easy hold too, I think $BTC is just getting started. My personal favorite crypto follower is COIN, but might grab some 1/24 cons on Riot too.
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Joined: Dec 2022
Posts: 38,040
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2022
Posts: 38,040 |
Riot Platforms Inc NASDAQ: RIOT 20.29 USD +2.64 (14.96%)today
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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
Coin 100C 6000%. Went 10,000% if you bought at open
Last edited by rosco1; 07/13/23. Reason: Wrong strike
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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
Speaking of coin XRP got re-listed after wining the sec court case. Made 90% on it today. Holding on to that one though
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Joined: Dec 2022
Posts: 38,040
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2022
Posts: 38,040 |
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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
My .02, look at the 10yr, every time the yield looks like its gonna take off it get s smacked down. Only one with that fire power is the FED. So balance sheet increases while they raise and supposedly do QT lol. So this “not QE” is driving this market, treasury is backdooring the fed, dogs and cats living together etc. Anyone notice? It should be the leading story on every finance news channel. Hardly a peep. For the 3rd time this year the 10y pops above 4%.. In the next 4 days it gets knocked back 34 BASIS POINTS. “Not QE” LOL This is why the dollar continues to fall. They are creating inflation while raising rates, acting like they care. FYI, not normal. We should be imploding but the fed is propping it up. Take from that what you will
Last edited by rosco1; 07/14/23.
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Joined: Dec 2022
Posts: 38,040
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2022
Posts: 38,040 |
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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
Killing it! I have to think there’s a 5% correction coming. Big money that usually allocate 60/40 are still underweight equities and they want an entry. If we see a a 5-10% from say 4600spx to 4200ish that’s going to be a big long trigger signal. The TV is going to be telling retail to run at that point while they rip it a week later to make them chase. But like I said in my original post on this thread, Carful, this has blow off written all over it. Unpopular opinion, 2022 was not a bear market, it was a correction in the 40 year secular bull. The turn to bear is getting very close (within a year) imo.
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Joined: Mar 2008
Posts: 5,335
Campfire Tracker
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Campfire Tracker
Joined: Mar 2008
Posts: 5,335 |
CVNA still looking squeezee. 1/24 90-100C getting heavy bids. With its short interest it could get interesting. 👀 thar she blows!
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Joined: Dec 2006
Posts: 4,113
Campfire Tracker
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Campfire Tracker
Joined: Dec 2006
Posts: 4,113 |
Hoping for Nvidea to go up on the morning. Looks like they had a good earnings call today with a 10% post market bump. Hoping it continues in the morning
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Joined: Jun 2003
Posts: 10,594
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2003
Posts: 10,594 |
With a P/E ratio of 245, I’m pretty sure NVDA is overvalued at this point. It may not be a bad time to trim if you own a bunch.
"Don't believe everything you see on the Internet" - Abraham Lincoln
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Joined: Dec 2013
Posts: 13,035
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,035 |
The pre-market early trading indicates a bad day ahead.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Nov 2002
Posts: 33,690
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,690 |
The pre-market early trading indicates a bad day ahead. Day?
Conduct is the best proof of character.
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Joined: Feb 2006
Posts: 2,525
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,525 |
Sold AMZN, it's been trending downward for the past few weeks. It was fun while I had it. Replaced it with FLR, X, and CLF.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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Joined: Nov 2002
Posts: 33,690
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,690 |
I am meeting with my Fidelity guy next Tuesday. It will be the start of an annual rolling over funds into a Roth now that I am over 59 1/2, setting up college accounts for my two new grandchildren and bumping up a monthly funds transfer since a piece of pension has been recently emptied as planned. Zero real movement in where the funds are invested though.
Conduct is the best proof of character.
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Joined: Feb 2006
Posts: 2,525
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,525 |
I finally sold DANOY. It's the second time I've owned it. The first time was quite profitable. This time not so much. The hopium in my bowl ran out. I got UUUU to replace it.
Just down the road from The City of Lost Souls in the Land of the Blind. Molɔ̀ːn Labé Skýla
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Joined: Feb 2003
Posts: 10,362
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2003
Posts: 10,362 |
My portfolio, not my wife's: AMZN 47% been in for 11 years GOOGL 42% been in for 18 years NVDA 5% been in for 5 months NFLX 2% been in for 10 years UNP 0.6% been in for 10 years
I will sell if company does not continue to grow exponentially in revenue.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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