What Stocks If Any Are You Buying? (Page 5 of 41)
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I don't claim any special knowledge on stock investing Chromekilla. It is my Guess that we have not seen the worst of the recession yet. I am staying with many of the stocks I have held a long time, but I also have lots of cash and CD's. I still drip dividends and buy the occasional stock, but mostly waiting. I have been retired over 10-years now and I am fortunate to still have a positive monthly cash flow, so I am one of the lucky ones not having pressure to produce income currently. Most recessions last for about 289 days average, and a value reduction of approximately 37.5%. Question is, when do you start counting from? So I am looking for a nasdaq of 10,164 and s&p of 3,020 to start getting interested in buying seriously again. I don't think anyone can actually pick the bottom or the top of the market, but I will be happy if I can come close. |
This is the calm before the storm.
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UWM is already the biggest mortgage lender in the country ( bigger than Rocket and every other bank ) Earnings are high because they can control the margins and the tighter the market gets with increasing rates the better it is for UWM as more and more small banks will close or have to cut staff which then hurts processing and underwriting speed. I can take a loan application tonight and by 1PM tomorrow have conditional underwriting approval and a call from the underwriter to review the items with me..Loan closings from application to the borrower getting the keys to their new home is regularly in 10-14 days. They are eating up market share and the only way to get a loan from them is with a mortgage broker. I am buying for the 10% now and reinvesting the dividends so during the next housing boom my investment is 2-4x |
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Originally Posted By Idolan: UWM is already the biggest mortgage lender in the country ( bigger than Rocket and every other bank ) Earnings are high because they can control the margins and the tighter the market gets with increasing rates the better it is for UWM as more and more small banks will close or have to cut staff which then hurts processing and underwriting speed. I can take a loan application tonight and by 1PM tomorrow have conditional underwriting approval and a call from the underwriter to review the items with me..Loan closings from application to the borrower getting the keys to their new home is regularly in 10-14 days. They are eating up market share and the only way to get a loan from them is with a mortgage broker. I am buying for the 10% now and reinvesting the dividends so during the next housing boom my investment is 2-4x Thanks for the reply, and well done explanation Idolan. |
This is the calm before the storm.
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https://www.investors.com/news/lithium-stocks-albemarle-livent-dive-as-rumors-fly-in-china/ Incase you have any lithium stonks. |
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Originally Posted By Chromekilla: Looking for 7-12% div stocks. Where does everyone think about like good,glad,or arcc? I don't speak for everyone here, but for me and I think many others maybe, we are waiting for a further market drop before we buy more stocks. I like dividend paying stocks but the dividend in the short run doesn't help you if the stock goes down in value. So for me, I try to buy at a good price and the dividend is the extra benefit. I hold mostly dividend paying stocks, and over years they can really make a positive difference, but I bought them because I thought they would also rise in value. Maybe others will reply with other points of view. Currently I am mostly buying CD's, collecting the interest, and while the interest may be rather small, the risk of loss on a CD in an insured bank is almost nothing. I do keep some funds in cash should I see what I think is a bargain value stock. One last thought. If one thinks that a recession in 2023 will generally cause corporate profits to greatly drop, then the dividend may drop or disappear with the lower profits. |
This is the calm before the storm.
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Originally Posted By Chromekilla: Looking for 7-12% div stocks. Where does everyone think about like good,glad,or arcc? I hold dividend stocks, but financials are out of my wheel house. I'm more of a commodities/industrial guy. But you can get pretty beat up holding even high paying dividend stocks in this volitile market. I've sold some where the juice just wasn't worth the squeeze. The exception for me is finding a cheap entry point on beaten down dividend stocks that have some potential upside when the market turns. I bought DOW about 2 months ago, for example. It pays a decent dividend and is up about 12% since I bought it. Same with INTC. I rarely buy chips, but it was so badly beaten up and I figured I'd take a chance. Midstreams in the oil\gas sector pay decent and generally aren't quite as volatile as the production side of the oil\gas market. |
Those who ignore history are doomed to repeat it..
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Originally Posted By Speedwinder: I don't speak for everyone here, but for me and I think many others maybe, we are waiting for a further market drop before we buy more stocks. I like dividend paying stocks but the dividend in the short run doesn't help you if the stock goes down in value. So for me, I try to buy at a good price and the dividend is the extra benefit. I hold mostly dividend paying stocks, and over years they can really make a positive difference, but I bought them because I thought they would also rise in value. Maybe others will reply with other points of view. Currently I am mostly buying CD's, collecting the interest, and while the interest may be rather small, the risk of loss on a CD in an insured bank is almost nothing. I do keep some funds in cash should I see what I think is a bargain value stock. One last thought. If one thinks that a recession in 2023 will generally cause corporate profits to greatly drop, then the dividend may drop or disappear with the lower profits. So my brokerage Schwab has CD's, but its almost like a bid thing. Not like rolling into a bank saying I want to buy XYZ cd. Where is everyone buying cd's? Is there any risk I won't get paid? Can I pull it back out before the end for no interest? |
That man is a homo and a liar-TrojanMan
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
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Originally Posted By Chromekilla: So my brokerage Schwab has CD's, but its almost like a bid thing. Not like rolling into a bank saying I want to buy XYZ cd. Where is everyone buying cd's? Is there any risk I won't get paid? Can I pull it back out before the end for no interest? I have a Schwab account that I opened early this year. I really like it. I use it to trade in and out on what I consider are short-term buys, including CD's. I currently have nine CD's and two treasuries. I prefer the CD's. My CD's will start rolling off in the next 30-days, and will continue maturing for up to a year. As they mature I will decide if I want to buy another CD, a treasury, stock, or hold cash. I find buying the CD's gives me the ability to choose the bank, and the term I want. Different banks have different rates. There are banks offering CD's that I won't do business with, mainly Chinese and other foreign banks. I choose the bank, the rate is shown, I put in the buy amount, and a CD appears! Treasuries are a bit different. They are are on a bid basis, if I understand it, and you may not get the exact rate listed. This is disclosed. I haven't tried buying muni's yet. I also buy CD's through a local bank I do business with. I wouldn't keep my money with my local bank or Schwab if I thought there was any great risk, but the truth is that life and investing have risk. |
This is the calm before the storm.
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I buy PEP on the dips. It pay about 3% but slowly increases over time so 3% is a greater value every year. Plus the libs/Gen Z eat it up with a good ESG so it's taking candy from a baby. Sodas, juice, energy drinks, snack foods. |
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Polestar PSNY to make EBikes as well. https://electrek.co/2022/12/01/polestar-electric-bike/ |
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Originally Posted By Jarcese: Whoever made the suggestion to buy Consol Energy last month hit a home run if they actually bought any. I think it was a different thread, but CEIX is on fire. That was me!! (In the Trump coal thread) I bought at 34.....but sold at 47!!! Oy vey!! My big regret for the year! |
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Nearly all of my investment money is in index funds. I rarely buy individual stocks, and most of the ones I have bought haven't done that well. Once exception is Carnival Cruise Lines (CCL). I'm going on a cruise with Carnival later this month so I bought 100 shares to qualify for $50 worth of on-board credit as a shareholder. That fund is up 34% since I bought my shares. I bought at $7.39 and it's up to $9.95. Wish I had bought more. |
In a truly free country, Alcohol, Tobacco and Firearms would be the name of a convenience store, not a federal agency
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Originally Posted By Scrote: Is there an app or website that makes it easy to track Paul Pelosi's stock trades? https://www.capitoltrades.com/politicians/P000197 |
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Originally Posted By Bladeswitcher: Nearly all of my investment money is in index funds. I rarely buy individual stocks, and most of the ones I have bought haven't done that well. Once exception is Carnival Cruise Lines (CCL). I'm going on a cruise with Carnival later this month so I bought 100 shares to qualify for $50 worth of on-board credit as a shareholder. That fund is up 34% since I bought my shares. I bought at $7.39 and it's up to $9.95. Wish I had bought more. Their financials are an abortion. Makes sense to try and lure cruise goers with a deal like yours to try and stave off bankruptcy. You paid $739 for a 50 dollar coupon, taking company risk as well as broader market risk due to oil prices, interest rates, etc. Much rather put that in ibonds with zero risk. Yeah, I'm short it. |
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I have not been buying stocks lately, except with DRIP, and probably won't be buying stocks for at least three more months. At the end of Q1 2023 I will look at the market to determine if it is a good time to start putting money in stocks again. I am looking forward to the next Fed rate increase and if CD rates are above 5% I will buy another batch. I find it very boring investing, but safety is my current objective so CD's it is (maybe some treasury bills also). Portfolio's are running at about 65% stocks and 35% CD's and cash. |
The exciting part is yet to come!
I've been ducking and trying to avoid a really bad haircut lately.  Picking up some BHP now and then. IDK if I'll keep it, might go sideways. Energy is volatile, as usual. Finger is always on the sell button. |
Those who ignore history are doomed to repeat it..
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Originally Posted By Greenspan: I dont think its the bottom of anything yet. I wouldnt mind buying a little but wouldnt go all in and only if I dont need the money this decade. ya thats what i think....its all so propped up or weird right now. i dont know what to wait for though |
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Originally Posted By Waldo: I've been ducking and trying to avoid a really bad haircut lately. Picking up some BHP now and then. IDK if I'll keep it, might go sideways. Energy is volatile, as usual. Finger is always on the sell button. BHP looks like an interesting stock. Looks like it has good numbers and a really nice div. Most likely you will do well with it! |
The exciting part is yet to come!
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Originally Posted By ShermiesRule: Those of you buying UWMC, how much are you buying? At about $4.70 each even a 9% dividend is hardly anything unless you're buying thousands of shares. i don't even know what they do. but i did glance at their financial statements, yikes. someone must know something more to be buying that. maybe there is a technical trading play going on with it. if your buying it for the dividend. they just past their ex dividend date. so you might want to wait. |
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Originally Posted By brahm: i don't even know what they do. but i did glance at their financial statements, yikes. someone must know something more to be buying that. maybe there is a technical trading play going on with it. if your buying it for the dividend. they just past their ex dividend date. so you might want to wait. Originally Posted By brahm: Originally Posted By ShermiesRule: Those of you buying UWMC, how much are you buying? At about $4.70 each even a 9% dividend is hardly anything unless you're buying thousands of shares. i don't even know what they do. but i did glance at their financial statements, yikes. someone must know something more to be buying that. maybe there is a technical trading play going on with it. if your buying it for the dividend. they just past their ex dividend date. so you might want to wait. Theyre a mortgage lender. Thats not the business to be in nowadays with transactions crashing. They at least have earnings, but cash flow not looking good lately. |
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Originally Posted By Speedwinder: BHP looks like an interesting stock. Looks like it has good numbers and a really nice div. Most likely you will do well with it! IDK, looks like they have their dick in a wringer over some dam collapse. 
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Those who ignore history are doomed to repeat it..
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TLT, 20 year treasury. It will increase in value when the fed pivots and the fed funds rate lowers. Missed the $94 lows but it’s still under $108 and should hit the $140-150 range in the next 12 months, also pays a decent dividend along the way. |
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Originally Posted By Waldo: IDK, looks like they have their dick in a wringer over some dam collapse. I didn't know that until now. Did some quick reading on it, and it looks like the claim has been rejected once, and delayed for years. My non-attorney read is that this will likely be settled for way less then damages claimed amount. Still, not a good thing. |
The exciting part is yet to come!
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Originally Posted By Speedwinder: I didn't know that until now. Did some quick reading on it, and it looks like the claim has been rejected once, and delayed for years. My non-attorney read is that this will likely be settled for way less then damages claimed amount. Still, not a good thing. We'll see. I dumped my other mining type stuff earlier this year. Cleveland Cliffs and FCX. I kind of chose BHP to get back in because they mine a lot of different materials. |
Those who ignore history are doomed to repeat it..
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Bought five 9 months CD's this morning. Rate is 4.55% on four and one at 4.75%. I had hoped for 5%. CD's are boring!  Looking forward to buying stocks again in late first quarter or early second quarter 2023, after an additional 10%+ decrease in stock values. |
The exciting part is yet to come!
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Originally Posted By Speedwinder: Bought five 9 months CD's this morning. Rate is 4.55% on four and one at 4.75%. I had hoped for 5%. CD's are boring! Looking forward to buying stocks again in late first quarter or early second quarter 2023, after an additional 10%+ decrease in stock values. Still prefer t bills, no tax at the state level - if that's an issue for people. |
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Originally Posted By Cataly5t: Still prefer t bills, no tax at the state level - if that's an issue for people. I am able to get a slightly better interest rate for CD's then for t bills. Pretty much works out the same for me either way. |
The exciting part is yet to come!
| I've mostly been buying 13 week treasuries and cds, but added INTC and SWX yesterday. I only bought small amounts and will buy more if they drop. SWX has been one of my good trades this year. Bought at $69, sold at $89, and just bought at $59. INTC is so low I couldn't pass it up. I'll buy more if it hits $21. I'm watching GLDD, if it drops below $4 I'll buy. It's a dredging company that not followed by many, but I think it could see the $10 to $15 range again. Might be a couple years though |