I nibbled some bond funds earlier
also:
BXSL holding up well
BTAL up
also:
BXSL holding up well
BTAL up
*Investors Blog*
- Thread starter Warstud
- Start date
Ok, now I did it. Good god, as close to 100% invested as I can be this morning. Had close to 50% cash since selling GM weeks back.
1. Bought more WMT, last big purchase that I still hold was in the $90 range. Today just paid $169.60 to round out the number for the split in a couple weeks.
2. Bought GM again @ 38.01
I need to stress as crazy as I feel right now. I look at these as defensive long term, Dont know what tomorrow holds or even the end of today though. (and I might be to afraid to look)
1. Bought more WMT, last big purchase that I still hold was in the $90 range. Today just paid $169.60 to round out the number for the split in a couple weeks.
2. Bought GM again @ 38.01
I need to stress as crazy as I feel right now. I look at these as defensive long term, Dont know what tomorrow holds or even the end of today though. (and I might be to afraid to look)
I think I would have bought STLA instead for the div
I totally agree. When these astronomical valuations don't make sense, it's time to get out in a hurry,
and head for high yielding safe investments like money market mutual funds that pay close to 5.5% annually with zero risk.
This whole melt up was based on the premise of imminent future rate cuts, which may not occur due to the hot CPI.
They can't cut rates if inflation is rising.
I think they have been making up numbers for too long, and the dam is about to break, so they have to start making their fudged numbers converge with reality at some point.
and the deep state, desperately proping up the economy before the election.
Yeah, not too much on my radar.
I dont follow things as close as many of you. But I do look for new ideas at sane P/E ratios. AS stupid as this sounds. I know GM so well for decades now, it never goes anyplace *LOL* and glad to grab 15 to 20% at any one time. I still like them as a company but still dont expect them to be a Tesla stock.
WMT P/E is high, bothers me a little but I had this stock for a while now (for a spec account) Before, during and after COVID. So me, seems well rounded and when things go south, as proven during COVID it hangs in there and actually does well.
I feel safe with GM & WMT and MAYBE the possibility that MAYBE this year GM it might retest or even come close to its high just over 2 years ago where STLA. I only checked once I saw your post as I am not an advocate of automobile stocks vs value. I would still be leary as it's at its all time high right now. Nothing wrong with that at all. Im really not up to date on a lot of stuff and taking risk I am comfortable with. *LOL* MOSTLY!
I am always looking and now will pay attention to STLA and any others mentioned in here and in even Kiplingers. I could sell part or all of what I own right now at anytime. Never misunderstand my posts, I would be sick to my stomach losing money in a stock that never rebounds in a decent amount of time.
"they" have been buying NVDA which is trying to bring the market back.
The junk bond fund otherwise known as the US treasury isn't liking it at all.
I should have known when a certain someone was complaining about shrinkflation of super bowl snacks that should have been a heads up. I will pay more attention in the future - lesson learned.
The junk bond fund otherwise known as the US treasury isn't liking it at all.
I should have known when a certain someone was complaining about shrinkflation of super bowl snacks that should have been a heads up. I will pay more attention in the future - lesson learned.
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- Jul 14, 2020
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You don't know it too well if you own it and still buy it.
It went in the toilet bowl and three flushes followed it 2009. I take it you didn't own any then and didn't lose a dime when it went to $0.00 and the taxpayers bailed them out and lost $50M.....
Not really bold, it's a fact they they are quietly normally revised downward later.
https://www.foxbusiness.com/economy/initial-us-employment-reports-overstated-jobs
I know it so well that I made over 20% gain in just over three months the end of last into this year.
And now I’m going to do it all over again.
I posted those trades previously.
I’m not sure the purpose of your post using data from 15 years ago. However, I’m glad people that feel the way you do to ignore a track record of solid earnings on a stock trading at five times earnings for the last 10 years and the number one selling car company in the United States for 90 years minus one year.
I would love to know what you would buy right now because I love to stay informed on everything stock market and all ideas.
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Lots of fraud, manipulation and malfeasance driving everything up.
Fuzzy math with all Gov data…… only for things to be revised much worse months later.
Puppet Show will definitely do more harm in the long run. Band Aid should have been ripped off last year.
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If you don't read the BLS CPI and labor report every month, you should.
For example - this month, food was up a bunch, energy was down a bunch. That gets you to 3.1 on top line.
On core - now 3.9% annual - the biggest drop was "used cars and trucks" - which was -3.4% in a single month - after being up 1.4 and 0.6% each of the two previous months. Then I read in the notes that they have changed the methodology on how this is calculated and go into great detail how this is now done. But no explanation on why.
So it does make me wonder how bad the print would have been if used cars were not down -3.4% in one month? Core CPI would have been a lot more than 3.9% is my guess, and a four handle sounds a lot further from a 2.0% target than 3.9 does.
For anyone wondering why we question these numbers. https://www.bls.gov/news.release/cpi.nr0.htm
For example - this month, food was up a bunch, energy was down a bunch. That gets you to 3.1 on top line.
On core - now 3.9% annual - the biggest drop was "used cars and trucks" - which was -3.4% in a single month - after being up 1.4 and 0.6% each of the two previous months. Then I read in the notes that they have changed the methodology on how this is calculated and go into great detail how this is now done. But no explanation on why.
So it does make me wonder how bad the print would have been if used cars were not down -3.4% in one month? Core CPI would have been a lot more than 3.9% is my guess, and a four handle sounds a lot further from a 2.0% target than 3.9 does.
For anyone wondering why we question these numbers. https://www.bls.gov/news.release/cpi.nr0.htm
I was watching a video on social media where the head of a gold firm was making the point that the CPI is a joke, where if the government sees inflation cost rising on a particular product, they remove it from the CPI and replace it with some product where the price is falling (a moving target), to be able to fudge the #'s. I honestly believe inflation is much higher than the government is reporting.
Come back in the water is fine!
That’s a trick statement!
The water is so murky you can’t see the sharks.
I don’t let myself get caught up in that murky water of CPI and employment data.
To me, that’s trying to time the market, and that data is just an excuse for which way the market is going at any particular time but it’s not the underlying reason it is going that way.
Ignorance can be bliss at times.
Less than an hour ago, I read a publication and have a very very shortlist of some additional companies I would like to invest in, it’s been a very long time but it’s hard right now because I’m 100% invested
I need more money!
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Nibble on the sharks!
Wait…yesterday you timed the market
Not that there is anything wrong with that
Wait…yesterday you timed the market
Not that there is anything wrong with that
In the meantime, BTC doubled in value since Sept last year and will double again from today's value in early-mid next year.
For Canadians, we can invest in crypto ETFs inside self directed trading TFSA bank account (TD or Royal Bank) with limit of C$95k this year, all profits are tax free.
For Canadians, we can invest in crypto ETFs inside self directed trading TFSA bank account (TD or Royal Bank) with limit of C$95k this year, all profits are tax free.
to go all in
