DOW 20k!!! - the investing thread

I certainly hope it goes very well for you. Crypto is not something I understand or want to dabble in.

At the moment, I am dabbling in shopping mall preferreds (not commons!) and their bonds. Very high paying income, and the market is pricing them as if they are high risk. I think if they simply survive, I will be fine in these. Names I am in include Washington Prime, Pennsylvania REIT, Macerich.

I am also dabbling in midstream oil and gas, I don't think oil is dead yet. Chevron looks good to me as well, but no money there, other than incidental in funds.

 

If you want a play in crypto currencies I’m in on BRPHF- it’s a brokerage house currently on the pink sheets. Galaxy Digital holdings is listed on the Toronto exchange because they are a bit looser on financials.
Big assumption is when it clears SEC hurdles in the next year or so it gets listed and absorbs the Toronto based assets.

It’s a highly volatile stock- not for the weak knees buy and long hold.

 

My past self (2008) told me to hold on for the long haul. My spring 2020 self stayed the same course and leveraged up - when your emotions tell you to sell.. buy
I was a bit concerned on getting into the blue chip oil stocks XOM but set a 30% upside stop limit and just barely missed the peak in June.
More volatile PXD- Permian basin king pin crushed it as well.
My other random play was RICK- hospitality consortium ....doubled

 

Anyone else thinking of moving their investments (IRA) to conservative? I mean, like bonds? If the economy does take a dive in a couple of weeks, at least there would be some gain for your $$.

 

Nope, not a market timer. Though if I needed something conservative I’d also consider a regular money market fund.

 

I'm terrible with timing and I'd expect the market has the election well priced in as of now. Let 'er ride

 

And if it takes off in a couple weeks you've missed the boat.

Don't time the market.

 

You might think you’re a smart guy by selling out right before a drop but then you have to get lucky again, when you buy back in at the bottom.

 

I have about 17% in bonds right now. That is about 17% more than I am comfortable with, with this low rate environment. When interest rates go up, which is certain to happen, bonds will take a bath. I hope to be lesss than 17% by then

 

I’ve been thinking about it, but in 2008, bonds were not safe, I don’t believe (grain of salt).
I’m going to keep some in cash 25-40%, and if thing start to go south, I’ll sell puts in companies that I would like to own and think they would come out the other side strong.
Another hedge is to do bear option spreads in companies that you think are garbage and won’t make it through a downturn. It is tricky to get the timing right, but the leverage could keep you more than afloat if things generally went south.
I’d rather have cash than bonds though; the returns are just not worth the risk even if moderately low.

 

I had a customer who was ready to retire earlier this summer. His financial advisor had him move everything over to money markets right as Covid was starting to take off, but well before the stock market crash. Granted it was a short recovery, but it would have prevented him from retiring this summer Im sure. When they rolled it back in near the bottom, I'm sure he is smiling even bigger than when he told me about his plans in March!

I started an IRA this summer, when the DOW was maybe 1000-1500 points above the bottom, and I have had a 23% increase since 4/1

 

Right, market timing can of course be hugely successful. Really easy to see that looking back. If your customer had just left it alone, SP500 is up over 10% year to date with zero luck, commission, trades, or risk associated with all of this market timing.

What a heck of a year to retire.

 

Guy I know spends a lot of time investing and market watching. Expected Zoom to do well. From January at 100 a share. Now nearly 500.

he mentioned another one, that I promptly bought.

 

Good move. Did you get in on zoom?

 

yooperdave No I didn’t, sadly. I hadn’t been thinking of the market much lately, or I might have been on the game and enjoyed some love.

 

You might look into Nio the Chinese car company.
China has really been sticking themselves in countries where the mining necessary for the batteries are needed. Including heavy cartel area of Mexico. I could see Chinese “mercenaries “ at work if cartel tries extortion.

regardless, they will ensure they don’t run into shortages of what is needed to maintain production.

 

The dow hit 29,809 this morning!

 

29,950..........New record high!!!!

 

How's everybody's investments looking now?


Quick question. Is anyone into penny stocks? Triple zero stocks?

 

There is a local company named Plug Power. A few years ago it was around a $1 now it’s $53! I don’t know what happened, maybe the election?