Timing the market is impossible so I just bought somewhere around a $XXXXXXXUS worth of good preferred stocks late March 2020. Many were below or at $20 share with par of $25. All are NOW above par (BACPRB is ~$27.50, face yield is 6%, did a huge gut wrench purchase at $20.25, the kind where I warn the wife) and the all (Banks, insurance companies mostly - METPRE for example, bought at $18.50) pay me very nicely every quarter. This was a flash thing, and I told friends to check it. ONE GUY listened to me (he has since sold and moved into a fund). We both bought SYFPRA in the mid teens. I was angry though...........it was as low as $10 per share and Fidelity would NOT let my buy go through. I was PISSED. They said it was an illiquid stock (it was not) - they just didn't have time to sort through the rubble and threw everything in the same hopper and locked down certain preferred shares. I considered the whole affair fundamentally unfair to the little guy trying to get ahead. We had a bunch of back and forth..............then finally I got an official email of sorts in September 2020 with a cheesy apology from someone just below Abigail.
I bought REITs too, other things during the fire sale.
I have since sold a few of the higher fliers. I have some individual bonds, some funds, a few stocks, etc in my tax advantaged accounts. I also do a minor amount of options trading, selling calls mostly, sometimes I will sell put contracts. Not too much and not huge amounts. But up nicely. Something I recommend you at least learn about. One or a couple or 5 or 10 contracts on KO or other decent company is nothing to be so scared of. Irrational fear people have of options, is probably a good thing I suppose. It forces or at least suggests, serious investors get an education.
Tax accounts I don't trade, or change much. Municipal bonds and muni CEF's only.
No you can't time the market but you can hit the sales. I'm retired now.
I bought REITs too, other things during the fire sale.
I have since sold a few of the higher fliers. I have some individual bonds, some funds, a few stocks, etc in my tax advantaged accounts. I also do a minor amount of options trading, selling calls mostly, sometimes I will sell put contracts. Not too much and not huge amounts. But up nicely. Something I recommend you at least learn about. One or a couple or 5 or 10 contracts on KO or other decent company is nothing to be so scared of. Irrational fear people have of options, is probably a good thing I suppose. It forces or at least suggests, serious investors get an education.
Tax accounts I don't trade, or change much. Municipal bonds and muni CEF's only.
No you can't time the market but you can hit the sales. I'm retired now.
