Gives you instant diversification over a broad number of companies (505 at current count) over a variety of sectors. You don't have to worry about unknown developments (e.g. Enron, GE or Boeing) - set it and forget it.
Gives you instant diversification over a broad number of companies (505 at current count) over a variety of sectors. You don't have to worry about unknown developments (e.g. Enron, GE or Boeing) - set it and forget it.
We don't know what Boeing will face yet with the 737 MAX, the KC-46, 777-900 nor, their new space crew capsule, so I'd wait.
I bought (in violation of my own rule to only buy index funds or sector mutual funds) 200 shares of Boeing at about $330, only to watch it climb to $440 and then slide back to $280. They had about $20 billion in available capital at the end of September 2019. They are now expected to raise as much as $5 billion in additional debt to help cover 737 MAX costs that could top $15 billion in the first half 2020, and the bad news just keeps going on. We are also seeing a drop in aircraft new purchases as airlines have filled their needs.
In the long run, Boeing will be OK (maybe not #1 aircraft producer), but they've lost a lot with their inept management.
Toddly: I just had a $100,000.00 C.D. "mature" and I can no longer get the "promotional" rate it was at, for the last year - I am also thinking about buying Boeing to invest this money in! If a person could only see a bit into the future and know when The Boeing Company will be "turning it around". Our closest neighbor is a retired "Boeing Fellow" (which is a very rare status/bequeathment given to long time and outstanding employees - who then get their pay "augmented" by being given stock!). He worked for Boeing's a total of 43 years. Anyway last year in the "quarter" before Boeing's plane trouble with the 737 "enhanced" started, he attained $1,000,000.00 in increased stock equity and "dividends" on his Boeing stock for that quarter. I nearly "jumped in" back then when he told me about that - I am now VERY glad I didn't! Stock is down $85.00 a share since then and may go lower? Good luck if you decide to"jump in". And if you can see into the future please let me know whats gonna happen. Hold into the wind VarmintGuy
Gives you instant diversification over a broad number of companies (505 at current count) over a variety of sectors. You don't have to worry about unknown developments (e.g. Enron, GE or Boeing) - set it and forget it.
We're not investing here; we're gambling.
Las Vegas is also a good place to gamble! Many casinos have a 97-98% payout (only a 2-3% loss on average). Of course, you can also loose it all!
I've got one word for you. Just one word. Are you listening?
Plastics.
What a great movie. Thanks for the chuckle.
FWIW I'm glad I bought insurance for a European cruise in May. If there is no control of this virus in the next 2 months I'm bailing.
Who knows, you might be better off buying stock in a crematorium.
"FWIW I'm glad I bought insurance for a European cruise in May. If there is no control of this virus in the next 2 months I'm bailing."
We are (were?) going to Paris and Amsterdam in May and back to Austria in June. My wife insisted that we buy travel insurance, but the policy specifically excludes Acts of War, Acts of God and epidemics/pandemics! Check your policy.
The worse it gets,..the more coffins will need to be manufactured,.....and the young people are hating on us boomers these days. (paging Jim Conrad)
There's about 75 million of us old Boomers running around these days,......and the young people are planning on killing us first chance they get.
That's a lotta coffins.
Of course,...several of us Boomers are planning on shooting their asses off when they come for us,....but not enough to skew the average.
Lots of Boomers out there are still wearing Birkenstocks and singing, ~~~We are the world,....we are the children~~~
They don't have a clue.
But there's a smattering of us old country Boomers who keep an old .357 handy.
In your scenario, coffins would be a smart buy. After the youngsters try to kill us, and we shoot them dead, for sure SOMEONE'S gonna need those coffins........................
Gives you instant diversification over a broad number of companies (505 at current count) over a variety of sectors. You don't have to worry about unknown developments (e.g. Enron, GE or Boeing) - set it and forget it.
That took several more hours than I thought. Need to get them up and running pretty quick. Name it 24 Hour Campfire Crematorium, 24 members here invest $100,000 each for the startup. Anyone game? GW
The best buy right now is energy stocks. Here is why. Energy has not gone up with the huge gain in the economy. This doesnt make sense cause you need energy before anything else to make anything. British Petroleum, Exxon Mobil, Occidental , Shell are lower now than when crude oil was $26 bucks a barrel. Their profits are not bad at all, however, oil is now $46 barrel , but they are still making money. Energy stocks have gone down more than any other sector this year by a long shot. Here is the strangest thing and tells me investors are finding how insanely undervalued energy stocks are now. The market lost .85% Friday. Crude oil lost 4% in Friday , but , Exxon Mobil gained 3.25%, Shell, ( RDSB) gained .8%, Occidental gained 2.9% and Fidelity energy gained about 2%. This was on a very down day. I bought just a few shares for my mom ( FENY) at 2pm. by the close I noticed what I bought at 2PM gained 1.9% in about 1 hr. It is energy that will beat the market in the next few years . It is way undervalued and the oil majors give very good yield on their stocks. Example. If you buy Occidental, they will give you 10% on your money . This company is the riskiest however. They give $3.16 a share per year in yield. If you buy $10,000 , you will get $1,000 per year and likely will get that forever cause they refuse to cut their dividends and I doubt the price will go down any further. Exxon Mobil is giving about 5.75% yield, ( or interest) , British Petroleum is giving about 7.5% and so is Shell at these prices. Even the Energy ETF's are giving about 5% in divies. There is no way to loose at these prices. The energy stock prices are so low that they went up on a terrible day on Friday .
I've got some day trading money I play with and lately its been out performing most of my long term stuff. But, I move it a lot. I miss some opportunities cause it isn't my day job, but it's still fun.
Theres some good med equipment/biotech right now.
Tandem diabetes doubled some money for me although that trailed off. Dexcom is still going up, last I checked. Axsome therapeutics was another great buy.
I don't know anything about Boeing's problems, but I have an acquaintance who is a junior engineer in the Everett WA facility, and he says there has been a lot of grumbling about Boeing farming out so much engineering to India. The general thought being that these endless design problems are not going away until corporate decides to quit saving money by hiring engineers from a country that can't feed itself.
There is a small company using the crisper tech to cure a form of blindness people have from birth. The company is 3rd stage of trials and by all info coming out of the tests it is curing this type of blindness. Not just making you see a little but giving you full vision by getting 1 shot. This is genetic editing. There are over 600 genetic diseases that will sooner or later be cure by genetic editing. I had crisper stock for less than a year and doubled my $$ on it . This company goes by EDIT on the stock exchange. Like everything else, the price has dropped a little and I am about to buy some more at this price. When this goes public do you think the price will go up .. or down ? Ray
The premarket is down about .8% and oil is up 1.5% as of this morning. Oil is the new gold mine for the next several years , until everyone jumps in too late , makes the energy stocks soar till it goes from way over sold to way over bought, and then the smart people sell in 5 yrs and repeat , repeat , repeat. But now is the time to buy . You can buy Fidelity ( FENY) or Vanguard energy ETF. (VDE) and get 5% dives. Each share has 22% Exxon Mobil , 15% Chevron , 5% oil pipelines and 5% Occidental petroleum.
Small money here but sometime in the next 2-5 weeks it seems like a good time to go out on a limb.
If you want a safe bet to get 20%, buy a Dow Index fund. ETF, or Vanguard/Fidelity have them. When the Dow bounces back - as it always does - you bank. Never failed.
The premarket is down about .8% and oil is up 1.5% as of this morning. Oil is the new gold mine for the next several years , until everyone jumps in too late , makes the energy stocks soar till it goes from way over sold to way over bought, and then the smart people sell in 5 yrs and repeat , repeat , repeat. But now is the time to buy . You can buy Fidelity ( FENY) or Vanguard energy ETF. (VDE) and get 5% dives. Each share has 22% Exxon Mobil , 15% Chevron , 5% oil pipelines and 5% Occidental petroleum.
Amen. When Exxon runs out of money the whole world is screwed.