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Does anyone here actively play the market?

Discussion in 'Tilted Philosophy, Politics, and Economics' started by Borla, May 27, 2014.

  1. omega

    omega Very Tilted Donor

    ExxonMobil at 77.50 a share, give or take a few cents. Dividends still holding steady. I think I will hold on to it still, because I think the company is still solid and oil is not going away. I did expect the stock price to increase before now, but with trump and the Republicans in charge things will eventually crash and oil prices will skyrocket. Also treasury notes and bonds interest rates will also dramatically increase in the next few years due to the Republicans intentionally wrecking the economy to allow the ultra wealthy to buy our debt at higher interest rates. So that is why they are increasing our debt load by massively increasing spending and cutting taxes on the wealthy. Buy out some congressmen and a president for a few hundred million to get trillions of new US debt released at high interest rates. What not to like for them?
     
  2. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    Jonesboro ga
    I used to dabble in penny stocks. I make about $4 on a 0.02 investment which was great, but that was years ago. im considering trying it again
     
  3. Lindy

    Lindy Moderator Staff Member Donor

    Location:
    Nebraska
    I'm getting ready to attend the Berkshire Hathaway Annual Shareholders Meeting in a couple of weeks.

    HOW TO ATTEND THE BERKSHIRE HATHAWAY ANNUAL SHAREHOLDER'S MEETING (2019)

    My investing mentor/guru (I worked for him when I lived in Boston and I'm still on his company's payroll as an occasional "consultant") is flying in and has reserved rooms at the Lied Lodge at Arbor Day Farms in Nebraska City. No hotel rooms to be had in Omaha. Will be nice seeing him and his wife and picking his brain a little bit.
     
    • Like Like x 2
  4. Lindy

    Lindy Moderator Staff Member Donor

    Location:
    Nebraska
    Heading of tomorrow morning to the Lied Lodge in Nebraska City.
    Lied Lodge & Conference Center | Nebraska City Vacation
    I'm going to relax with a massage and sauna and jacuzzi, maybe a little swimming. And head up to Omaha (by limo!) early Saturday to the Berkshire Shareholder's meeting.
    Then back to the Arbor Day Farm for more relaxation, good food and conversation, and hopefully some good old fashioned hotel room sex.
     
  5. rogue49

    rogue49 Tech Kung Fu Artist Staff Member Donor

    Location:
    Baltimore/DC
    I'm actually finally thinking of diving in deep.
    Beyond the standard 401K and Mutual funds

    Or advising my friends and family on their own investments.
    (I've always kept track of the market and the trends...and companies of interest, just from my own interest and curiosity)

    It's been a long time coming...it will be interesting.
     
  6. Lindy

    Lindy Moderator Staff Member Donor

    Location:
    Nebraska
    Two years ago my mentor said that I had too many different stocks for my level of investment. I had 13 stocks and 3 index funds.

    I am now down to 5 stocks and one index fund.
    AAPL
    BKH
    BRK-B
    CASY
    UNP
    and a junior partner in a Sandhills cattle ranch.
     
    • Like Like x 1
  7. omega

    omega Very Tilted Donor

    Finally sold exxon at around 70 a share. Down from 84 when I bought it. Stupid exxon. Dividends were good, but what an underperformer. Of course now the stock market is going to finally crash and then it will skyrocket. I did immediately put my little bit of money in a midcap etf. So at least I won't be looking at a small pile of cash months from now wondering why the hell I did not invest it.
     
    • Like Like x 2
  8. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    Jonesboro ga
    havent played the market in a few years, but thinking about dabbling in it again....
     
  9. Lindy

    Lindy Moderator Staff Member Donor

    Location:
    Nebraska
    I never "play" the market, although investing is what I do for a living. I've done quite well at it from back in the nineties when I bought a hundred shares of Apple instead of a car. When corona virus first hit the news back in January I started to do some research on the economic consequences of pandemics. Going on back to the Plague epidemics of 16th Century England, the Cocoliztli epidemic in Mexico which devastated the Aztecs, killing over half the population, the Italian Plague starting 1n 1628 which claimed over a million lives and wreck the previously robust economy and caused great damage to the Catholic Church, as well.
    Dozens of others on down to the well known "Spanish" Flu epidemic started in 1918 and beyond.

    My academic field is econometrics, not business.
    I saw this coming.
    I wish I had been more decisive sooner, but, oh well.
    I'll have more to say on this, but suffice to say that on Febr 20, I bailed out of the market, selling off about 75% of my book.
     
    Last edited: Mar 19, 2020
    • Informative Informative x 1
  10. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    Jonesboro ga
    ive been watching ford stock (since i work here) and it plummeted. considering buying some of that. at some point it will come back up. it shows daily on the website that i use here at work. its currently $4.50 i remember a few months ago it was $20.00 guess ill just pay attention to it
     
  11. fflowley

    fflowley Don't just do something, stand there! Donor

    Keep an eye on it but don't rush to buy.
    On another site I frequent I have been repeating the same thing over an dover for the last 3 weeks:

    Not every dip in the market is a buying opportunity.

    Be patient.
     
    • Agree Agree x 1
    • Informative Informative x 1
  12. Lindy

    Lindy Moderator Staff Member Donor

    Location:
    Nebraska
    Oops!!:oops: Typo alert. I sold stocks on Febr 27th and 28th NOT Febr 20th. I wish I'd bailed on the 20th, but was hesitant to do so and it cost me about 300k.:( I guess that I was subconsciously trying to make myself look smarter than I really was...
    A couple of my limited partners want to cash in their shares, but at least I've got enough COH to handle that without a further sell-off.:)

    I'll make a couple calls to confirm their intentions, but I don't think the market has hit bottom yet.
     
    • Agree Agree x 1
  13. omega

    omega Very Tilted Donor

    I think if the trump administration sends out it's democrat socialist UBI checks, I will try to be disciplined and drop it in the market. My wife and I are both fully employed so we don't necessarily need the money.
     
    • Agree Agree x 1
  14. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    Jonesboro ga
    i will have to agree with you. i think it will be a few weeks before its at the bottom
     
  15. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    Jonesboro ga
    but extra money never hurt anyone
     
  16. Lindy

    Lindy Moderator Staff Member Donor

    Location:
    Nebraska
    In my opinion, holding cash is the best "investment" right now. That's what I'm doing. I'm even going to withdraw a bunch in greenbacks. just for opportunities sake. Not that I don't trust the Fed and the banks.;)