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Post by joegolferg on Mar 11, 2020 7:08:43 GMT -5
Paul reeled me in with his snowflakery. Apologies.
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Post by joegolferg on Mar 11, 2020 7:09:34 GMT -5
Also worth mentioning that I spoke mostly about economics, not necessarily politics.
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Post by unclevirt on Mar 11, 2020 12:03:29 GMT -5
Me reading this thread (:  |
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Post by rcknfrewld on Mar 11, 2020 18:54:25 GMT -5
Rule 3. No memes. Especially not that played out popcorn one.
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Post by unclevirt on Mar 11, 2020 19:19:36 GMT -5
I see you James, making all the rules because it's your own thread. Don't let all the power go to your head.
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Post by joegolferg on Mar 12, 2020 8:14:03 GMT -5
Rule no.4?
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Post by donkeypuncherben on Mar 12, 2020 13:33:03 GMT -5
I am moving from 50% stocks to 60% at close today. I don't think that we've hit a bottom, but I am going to start buying back in from this point and maybe another chunk with each subsequent 5+% move down. Trump having no real plan for containment in the US is now priced in after last night. China actually seems to have gotten the spread under control in their country and Italy has slowed the growth with their draconian measures, so there is some chance we are near a bottom if we get a blueprint to get this thing under control.
We would have a major move down again if the US hospitals in a city get overrun, or if some companies in the affected industries default on their bonds, or if it returns in some of the places where things have seems to turn around. I think negative scenario of things getting much worse before they get better is still more likely than the above but I want to protect against missing the bottom too.
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Post by rcknfrewld on Mar 12, 2020 16:10:32 GMT -5
Rule 4. No stupid questions like that ^ The rules will come to me organically. I don't need to be pestered and prodded. |
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MAJORHIGH
Weekend Golfer
PC: MAJORHIGH
Posts: 146
TGCT Name: Chris Lane
Tour: Challenge Circuit
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Post by MAJORHIGH on Mar 13, 2020 8:16:17 GMT -5
If anybody is looking for a great market correction investment, AB InBev (BUD) who owns Corona, is down 72% from February 6th. Another is Constellation Brands (STZ). They're down 65% due to the vacuum that AB InBev has caused in the beverage market.
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Post by donkeypuncherben on Mar 13, 2020 9:25:59 GMT -5
AB Inbev Is a company I have looked at. Their share price has been declining for like 5 years as the market went up, I think due to craft beer and other competitive forces. In their last report they blamed the rise of hard seltzer for cutting into their beer sales, I didn't even know hard seltzer was a thing.
They are now valued well relative to earnings and dividend, and booze is something that does well in a recession. So if you think that Coronavirus will not be a short term dip but something that leads to a longer economic recession then it's not the worst investment idea. The dividend limits your downside to a good degree in the mid term.
Berkshire Hathaway is sitting on about $150 billion in cash and was able to recently sell a euro denominated bond at 0% interest. So they have almost unlimited access to capital as other assets are declining. The bottom of this recession is likely to be Warren's last hurrah, very few companies are in a better position to come out of this thing as a big winner than Berkshire. In the end I think they have a lot of talent behind him now and the inevitable death of Buffett and Munger won't slow the cash machine they've built in any long term sense.
Anyway my retirement money is in index funds, and looking at individual stocks is rarely a better approach for anyone, but sometimes I ignore that advice and trade stocks anyway. If that's your thing Berkshire would be a good place to look in any scenario where there is fear in the markets.
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Post by mariopepper on Apr 21, 2020 12:58:29 GMT -5
I don't think it will be over soon. I hope so but I can't say for sure it's possible
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Post by rcknfrewld on Sept 21, 2020 13:28:09 GMT -5
I rode out the Covid dip all the way down and back up. And sold a few weeks ago making about 10% in 6 months. Better than I usually do. Now I’m hoping for this month to be a usual bummer and jump back in October to ride things out through the holidays. So far so good.
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Post by FRSTDWN on Sept 21, 2020 21:33:55 GMT -5
Option trading is for haters like Joe. Could make millions off buy puts. But you have to have big balls to do it. Saw a 7000% gain today on one. Didn't take it though. Sad face.
😲
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Post by FRSTDWN on Sept 22, 2020 9:57:53 GMT -5
Missed out on another buy put option 135% profit in 2 hours. Sometimes you can't get them in time. I never chase. Learned my lessons.
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Post by FRSTDWN on Sept 22, 2020 18:42:02 GMT -5
Tesla short .
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