I have it in at least 3, funds, wait 4, a supposed international fund.
*Investors Blog*
- Thread starter Warstud
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Dave, let us know when to buy back in.
If your in a S&P500 fund, and most 401K's are - your in at least 30% tech sector just in the 8 of the 10 largest companies. It was higher a little bit ago.
So no, you really don't need to buy tech to be in tech. 30% of your "diversified market portfolio" is pretty much dependent on AI success at this point.
So no, you really don't need to buy tech to be in tech. 30% of your "diversified market portfolio" is pretty much dependent on AI success at this point.
Lumber Liquidators out of business.
https://richmondbizsense.com/2024/0...layoff-notices-for-hundreds-of-local-workers/
“ After its stock price peaked in 2013 at around $119 per share, the company’s troubles began in 2015, when it was the subject of a “60 Minutes” exposé related to claims of unsafe levels of formaldehyde in flooring it had imported from China. It also pleaded guilty in 2015 to federal environmental crimes related to its imports from the Russian Far East. “
I remember watching this 60 Minutes coverage of this company.
I wonder if 60 Minutes killed this company ?
https://richmondbizsense.com/2024/0...layoff-notices-for-hundreds-of-local-workers/
“ After its stock price peaked in 2013 at around $119 per share, the company’s troubles began in 2015, when it was the subject of a “60 Minutes” exposé related to claims of unsafe levels of formaldehyde in flooring it had imported from China. It also pleaded guilty in 2015 to federal environmental crimes related to its imports from the Russian Far East. “
I remember watching this 60 Minutes coverage of this company.
I wonder if 60 Minutes killed this company ?
As much as 60 minutes = yellow journalism+anythingforeyes, seems like they killed themselves, odd biz model and once the ads stopped, demise was on.
Agreed. And we own 4 of those listed separately from our S&P 500 index position.
Very tech heavy.
In fact, very equities heavy, with nearly 90% in equities despite being 60+ years old. A very deliberate move on our parts, since we currently receive 3 defined benefit plan pensions. We have, in a very literal sense, a substantial fixed income position in our overall situation.
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I think around 2005 I put hardwoods in my old house. We went to lumber liquidators first and it seemed sort of like buying a used car - lots of big words bantered about. Very odd.
Just went to Lowes, looked through there book, and ordered some pre-finished Mahogany the wife liked. Didn't see any benefit to the other place. Maybe contractors bought there or something?
Prices were good, and the wood in stock. I did my first floor with pre-finished Oak from LL. Still holding up 14 years later.
This is exactly where I am at. If the higher risk stuff went south, I can live very well on dividends, double tax free Muni bonds and SSI.
The Bureau of lies report came out. Employment was just a very slight miss to market consensus. Less jobs added by a small amount, employment rate stays "unchanged".
In the last paragraph of the preliminary release.
"The change in total nonfarm payroll employment for June was revised down by 61,000, from
+179,000 to +118,000, and the change for July was revised down by 25,000, from +114,000 to
+89,000. With these revisions, employment in June and July combined is 86,000 lower than
previously reported."
So the last 2 months were overstated, this months estimate is too small to keep up with population growth, but the unemployment rate is "unchanged" ? Remember last month was a huge miss that caused a sell off, yet the revised number is even worse.
We shall see if the market gets the joke. Full link https://www.bls.gov/news.release/empsit.nr0.htm
In the last paragraph of the preliminary release.
"The change in total nonfarm payroll employment for June was revised down by 61,000, from
+179,000 to +118,000, and the change for July was revised down by 25,000, from +114,000 to
+89,000. With these revisions, employment in June and July combined is 86,000 lower than
previously reported."
So the last 2 months were overstated, this months estimate is too small to keep up with population growth, but the unemployment rate is "unchanged" ? Remember last month was a huge miss that caused a sell off, yet the revised number is even worse.
We shall see if the market gets the joke. Full link https://www.bls.gov/news.release/empsit.nr0.htm
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I'm not laughing AT you. I'm laughing with you.
Future is so bright I need to wear shades.
I had bought a reasonable amount of long VIX ETF shares yesterday in case we had another miss. Sold them in the pre-market, lost about 1.5%. I have made that trade 3 times this year. I am 1 for 2, but think I am still up in dollars? Maybe I'll get lucky one day.
Added the money back into my TLT position. I think were on auto pilot now till sept 18?
Added the money back into my TLT position. I think were on auto pilot now till sept 18?
Intel one of the first two tech companies to join the Dow in the 1990s likely to be removed.
How things change
How things change
Probably better off.
Dow is trying desperately to stay relevant. They can join the nifty fifty in the dustbin.
Exactly, something for all to remember and the difference between realized gains and unrealized gains. Invest what you can afford to lose and be extra careful the last decade or two before you retire.
I have a number of branches if any one or even two should become distressed or fall off the tree I can rely on the other two. NOT THAT I WANT TO *LOL*
Stocks, wife and I funds and unrealized gains are a branch of the overall tree. I actually have more holding in investment real estate and can be sold at any time even in a bad market, currently pays each and every month for decades. Some other real property tied up that I am looking to sell overseas that will eventually get cleared for sale and of course we have normal cash savings account.
I do believe even in retirement years with my wife to enter soon, we could survive a great depression intact, meaning pay our bills and keep our home. AS for anyone middle class like us it wont be fun but I know we are diversified enough away from the equities markets that we would be ok and better off then many others with much more current unrealized gains who are not diversified into other investments.
As I said many times, wife and I happy with our lives but I wouldnt mind hitting the holy grail in the market like many in here have or come up with more "free" cash or equities but feel blessed for the hard assets we currently do own which if sold off would give that "free" cash. But I would like both now and keep them for more security if this makes any sense.
SO I am still holding forever WMT as safety in a spec Roth and playing right now in META (not doing to bad) and looking for something to pour 1/3rd of free cash into after bailing out of NVDA.
Still have our standard 401k's wife and I that never get touch invested in index funds and quite happy with all investments at the current time, like most Americans but I cant help think, one day we will not be able to keep borrowing money like Washington is doing holding up the house of cards. It's all fake but go with the flow and keep in mind to build in some protections.
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I'm still weirded out about how terrible Intel is faring. Stuff is overdue for some kind of economic sideways or dip but probably wont happen until post election. Funny how the second 100 year roaring 20s will be a thing talked about.
Honestly? Me too. I dont understand (yet I do) how huge world wide successful corporations (in this case the best and biggest from its time) take such huge mis-steps that sends it to the bottom of the barrel in the corporate world.
Yeah, I try not to predict major market moves, I tend to be wrong because I am normally way to far ahead on timing, so now I go with the flow. But agree, I would be leery post election too.
Full disclosure. I bought INTC a few weeks ago. There down about 8% since then, much of that today. I am under no dillusion they could go under.
INTC got way behind in chip design. Then there latest processors had problems. They lost there way.
At the same time they started investing heavily into production in the US. So not only do they want to be a chip designer, they want to make chips for themselves and others. Given the worlds most advance chip producer TSMC has most facilities in the South China Sea, this seems like a sound strategy to me.
Surprisingly all the investment in the US didn't cost that much. The CHIPS act paid. The stock trades well below book.
Barring some accounting irregularity or something I expect to hold it for a year and re-evaluate. I figure at that point it will be either Zero or $50.
I only just checked the market at 11:30 today and was surprised to see so much red once again
Maybe a correction is starting to take place before our eyes when everybody thinks they’ll be after the election, including me.
So far working out well for me. I’m still in the black on Meta. I’m glad I dumped Nvidia or else I would be down 20%.
Of course Walmart is doing well and I have the Nvidia cash sitting on the side waiting for either Walmart, GM or Meta to really get trashed and buy in. To meet trashed for me would mean a 20% loss from today’s numbers. Unless I change my mind in the next hour.LOL
As far as Intel, I can’t help but think there has to be a comeback story at some point, but I guess I’m past that point in my life and can’t take that risk
I do have Rivian on my watchlist, which was brought up by somebody else in this forum
There seems to be a support where somebody big is picking up the shares.
Just know I have no idea what I’m talking about but this is my thinking and why I’m watching it seriously
Maybe a correction is starting to take place before our eyes when everybody thinks they’ll be after the election, including me.
So far working out well for me. I’m still in the black on Meta. I’m glad I dumped Nvidia or else I would be down 20%.
Of course Walmart is doing well and I have the Nvidia cash sitting on the side waiting for either Walmart, GM or Meta to really get trashed and buy in. To meet trashed for me would mean a 20% loss from today’s numbers. Unless I change my mind in the next hour.LOL
As far as Intel, I can’t help but think there has to be a comeback story at some point, but I guess I’m past that point in my life and can’t take that risk
I do have Rivian on my watchlist, which was brought up by somebody else in this forum
There seems to be a support where somebody big is picking up the shares.
Just know I have no idea what I’m talking about but this is my thinking and why I’m watching it seriously
After much thought, just added a little more META today (IN the middle of what looks like a bloodbath*LOL*) to my existing META holdings @$504.18 a share still keeping some money on the side after getting rid of NVDA a while back. So still looking around to place what is left. Maybe GM if it falls another 10%, Maybe Rivian if I feel like gambling, I do like it long term but ...
