Sold AMZN yesterday. +$40. Not bad for 3 weeks.
Investors....come in please!
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I'm looking to add a financial stock to my portfolio. What are you holding, what would you like to hold? Feel free to comment.
Originally Posted By: Warstud
Financials are one of the worse performing sectors right now. What company is it?
Gold, Crude Oil and Natural Gas look good to me right now.
That's what I've read. I have oil. I don't have the experience to mess with metals. I do have several hundred $$ (face value), worth of silver coins. Something to leave to my grand kids.
I've been watching WFC. Almost bought it last Fri.
Financials are one of the worse performing sectors right now. What company is it?
Gold, Crude Oil and Natural Gas look good to me right now.
That's what I've read. I have oil. I don't have the experience to mess with metals. I do have several hundred $$ (face value), worth of silver coins. Something to leave to my grand kids.
I've been watching WFC. Almost bought it last Fri.
Originally Posted By: Oldmoparguy1
I've been watching WFC.
Originally Posted By: reuters
Wells Fargo and Bank of America, two of the biggest lenders to the U.S. oil and gas sector, each set aside hundreds of millions of dollars in additional provisions to cover souring loans to energy companies.
I've been watching WFC.
Originally Posted By: reuters
Wells Fargo and Bank of America, two of the biggest lenders to the U.S. oil and gas sector, each set aside hundreds of millions of dollars in additional provisions to cover souring loans to energy companies.
Originally Posted By: Warstud
Originally Posted By: Oldmoparguy1
I've been watching WFC.
Originally Posted By: reuters
Wells Fargo and Bank of America, two of the biggest lenders to the U.S. oil and gas sector, each set aside hundreds of millions of dollars in additional provisions to cover souring loans to energy companies.
Interesting. Thanks.
Originally Posted By: Oldmoparguy1
I've been watching WFC.
Originally Posted By: reuters
Wells Fargo and Bank of America, two of the biggest lenders to the U.S. oil and gas sector, each set aside hundreds of millions of dollars in additional provisions to cover souring loans to energy companies.
Interesting. Thanks.
I bought a few bank stocks almost at the bottom of recession. I still have them.
Originally Posted By: Mr Nice
I bought a few bank stocks almost at the bottom of recession. I still have them.
I didn't, and should have.
12/23/2011 BAC was $5 and I passed.
I bought a few bank stocks almost at the bottom of recession. I still have them.
I didn't, and should have.
12/23/2011 BAC was $5 and I passed.
Here is a cut and paste for BAC.
4800 shares at $5.1737 (cost adjusted for multiple orders).
Up 173.88% at the close of trading today.
BANK OF AMERICA CORP 4,800 --- 5.1737 24,833.95 -- 14.17 68,016.00 43,182.05 173.88 Long-term
4800 shares at $5.1737 (cost adjusted for multiple orders).
Up 173.88% at the close of trading today.
BANK OF AMERICA CORP 4,800 --- 5.1737 24,833.95 -- 14.17 68,016.00 43,182.05 173.88 Long-term
I have ric Edelman managing about 5,700 of mine in an ira. 17 dollars profit,the last time i checked,in almost a year!!!
I bought 1000 shares of SWKSyesterday. The market irrationally couples the company to AAPL. Apple had some slower phone sale press. I expect my pick will beat earnings, the stock is undervalued regardless. I did it for a swing trade. I'll probably sell at 77-78, maybe keep the free shares.
That's interesting. What caused SWKS to drop like that? I'll be watching to see how it goes.
Ric Edelman ?
What are the yearly fees ?
What are the yearly fees ?
Is this guy off his rockers?
http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451509
Seems more like scare tactics to buy into his investment co.
http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451509
Seems more like scare tactics to buy into his investment co.
Originally Posted By: Quattro Pete
Is this guy off his rockers?
http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451509
Seems more like scare tactics to buy into his investment co.
It seems that "fear porn" is bigger than ever in the financial media. You can't listen to certain financial news like CNBC without being bombarded with ads about something warning2016.com or ones about turning your IRA into physical gold because of the coming collapse, devaluation, asteroid hit, take your pick.
What's really amazing to me is that some of these fear mongers have been doing this for 20 plus years often touting their 5% correct predictions and deflecting the 95% that were either wrong or became irrelevant. There's an actual cottage industry for this stuff. In their pitch, they'll say you may not agree with their conclusions but you HAVE to click on their ad dollars video and draw your own conclusions. Hilarious.
Is this guy off his rockers?
http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451509
Seems more like scare tactics to buy into his investment co.
It seems that "fear porn" is bigger than ever in the financial media. You can't listen to certain financial news like CNBC without being bombarded with ads about something warning2016.com or ones about turning your IRA into physical gold because of the coming collapse, devaluation, asteroid hit, take your pick.
What's really amazing to me is that some of these fear mongers have been doing this for 20 plus years often touting their 5% correct predictions and deflecting the 95% that were either wrong or became irrelevant. There's an actual cottage industry for this stuff. In their pitch, they'll say you may not agree with their conclusions but you HAVE to click on their ad dollars video and draw your own conclusions. Hilarious.
It sure does "feel" like the market is artificially inflated as a lot of stocks are trading at record highs. If you constantly predict a drop you'll eventually be right.
It does feel like a correction is looming, but I have nothing to base that off of and have been feeling that for 3 years now, so obviously it's meaningless. The feeling hasn't kept me from buying.
It does feel like a correction is looming, but I have nothing to base that off of and have been feeling that for 3 years now, so obviously it's meaningless. The feeling hasn't kept me from buying.
Bought Fannie Mae the day after the crash and hoped that it went back up to say 73 in 2013, 95 in 2014, and 130 in 2015 but never did.
Today I looked and the highest was at 5.30 two years ago
Bought 4000 shares @ $1.2117475 on 9-8-2008
Bought 958 shares @ 1.20989562 on 9-8-2009
Bought 4877 shares @ .70 on 1-20-2009
Bought 2472 shares @ .60 on 1-27-2009
Today I looked and the highest was at 5.30 two years ago
Bought 4000 shares @ $1.2117475 on 9-8-2008
Bought 958 shares @ 1.20989562 on 9-8-2009
Bought 4877 shares @ .70 on 1-20-2009
Bought 2472 shares @ .60 on 1-27-2009
Everything from houses, cars to sliced bread goes Up with time. So do stocks. Everything is unfolding as it should, buy the dips.
The main reason the market is where it is, is the fed with it's 0 interest rate debacle. In a normal market there are a measurable percent of people who buy bonds and other fixed investments. Now these type of securities pay nothing, some actually have negative returns. The $$ that would go into these things still exist and must go somewhere.
The fed has created a box for itself. Sooner or later, the fed rate must go positive. Any such move will cause a market dip, depending on other world conditions, it could cause a major correction. A 10% correction is not far fetched. The 07 crash was a combination of events, topped off with the results of the 08 election. We are now heading for a similar place.
IMO, we are overdue for a recession. back in 07, there individuals who predicted the crash and had went to all cash.
Dang, I wasn't finished.
The fed has created a box for itself. Sooner or later, the fed rate must go positive. Any such move will cause a market dip, depending on other world conditions, it could cause a major correction. A 10% correction is not far fetched. The 07 crash was a combination of events, topped off with the results of the 08 election. We are now heading for a similar place.
IMO, we are overdue for a recession. back in 07, there individuals who predicted the crash and had went to all cash.
Dang, I wasn't finished.
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