Been paying attention to the stock market again.....

[Cranky]

After thinking I didn't want to anymore but man, sure looks like there's some money to be made.....especially in options....? Just need to shake off the rust. And I kinda miss the 'Money Honey'

 

[Budnicks]

I'm not into day trader stuff
I keep track of my investments, I'm in it for the long haul...

I take a few risks here & there, but not any real loses
just not as much gain as was supposed to be

Something to be said of the High Risk & High Reward
you have to watch that stuff like a hawk, I don't want to do that...
But, I don't gamble a lot with that stuff...
I have like $10k I will mess around with,
that way I can't get hurt too bad if it goes belly up
still don't like those loses, I like stuff that has dividends 1st...
If that goes well, I take that $10k, if I make it back
& reinvest in something else...
Diversity...
Long haul strategies...
Making a quick buck seems to bight me the arse...
When it's too good to be true, it usually is short-term...

Chevron Oil, Home Depot & Lowes have been good
I have very lil' tech stock, I got hurt bad doing that,
learned my lesson in 2007-2008, too volatile at times...
I still have stuff from when I 1st started too
hanging on to it...
I have some good dividends, some mediocre,
as long as it has a return, more % than like a bond/CD does etc.
& not loss, I keep it...
A couple I got from my Granddad, he was pretty good at it...
Some stuff he got in early on, that's now 10 times it was when I got it...
Unless my agent says sell, then I do a bit of research...
I usually don't complete sell off all, I pause watch 1st,
then If I agree, it's not looking good I sell, put that money into
something else/reinvest...
I have a good financial consultant Tod with Edward James, locally...
I see something I run it by him now 1st
he's been good at predicting bad & good, uncanny good...

Diversify, my word of the 21st century...

 

[Fran Blacker]

After thinking I didn't want to anymore but man, sure looks like there's some money to be made.....especially in options....? Just need to shake off the rust. And I kinda miss the 'Money Honey'

The Money Honey is on Fox Business 6am to 9am est plus Sat/Sun other times. You'll need to get up early.

 

[Budnicks]

The Money Honey is on Fox Business 6am to 9am est plus Sat/Sun other times. You'll need to get up early.

That'd be 3:00am here, ain't doing that...
no matter if she's a Fox (aging one) on Fox or not, Money Honey
Maria I like here...

 

[Cranky]

I'm not into day trader stuff
I keep track of my investments, I'm in it for the long haul...

I take a few risks here & there, but not any real loses
just not as much gain as was supposed to be

Something to be said of the High Risk & High Reward
you have to watch that stuff like a hawk, I don't want to do that...
But, I don't gamble a lot with that stuff...
I have like $10k I will mess around with,
that way I can't get hurt too bad if it goes belly up
still don't like those loses, I like stuff that has dividends 1st...
If that goes well, I take that $10k, if I make it back
& reinvest in something else...
Diversity...
Long haul strategies...
Making a quick buck seems to bight me the arse...
When it's too good to be true, it usually is short-term...

Chevron Oil, Home Depot & Lowes have been good
I have very lil' tech stock, I got hurt bad doing that,
learned my lesson in 2007-2008, too volatile at times...
I still have stuff from when I 1st started too
hanging on to it...
I have some good dividends, some mediocre,
as long as it has a return, more % than like a bond/CD does etc.
& not loss, I keep it...
A couple I got from my Granddad, he was pretty good at it...
Some stuff he got in early on, that's now 10 times it was when I got it...
Unless my agent says sell, then I do a bit of research...
I usually don't complete sell off all, I pause watch 1st,
then If I agree, it's not looking good I sell, put that money into
something else/reinvest...
I have a good financial consultant Tod with Edward James, locally...
I see something I run it by him now 1st
he's been good at predicting bad & good, uncanny good...

Diversify, my word of the 21st century...

Long haul?? Are you in your 40's?? Long haul for me is 5 years or less lol

 

[Budnicks]

Long haul?? Are you in your 40's?? Long haul for me is 5 years or less lol

Nope 63, (actually I'm 64 Doh !!) but;
I ain't pissing away what I took 40+ years to earn
I've had to re-earn it twice over now (that's a long story I'm not going into)
by gambling it or on some get-rich-quick ****, speculative stocks nonsense...
Someone else playing with my investment $$$s,
that they usually don't have **** of their own $$$ in, just the investors $$$
if they lose the whole thing no sweat off their balls...
(that the liberals/politicians' approach to investing into the future, not for me)

Long haul is relative I assume, I don't do impulse buys...
I'm not in my 70's or 80's either...
I hopefully have more time
I do stuff for the future (my future, my kids), be it 1-3-5 years or longer...

 

[Cranky]

Nope 63, but I ain't pissing away what I took 40+ years to earn
by gambling or on some get-rich-quick ****...

Long haul is relative I assume, I don't do impulse buys...
I'm not in my 70's or 80's either...
I do stuff for the future (my future, my kids), be it 1-3-5 years or longer...

I'm not looking for qet rich quick crap either....just not looking to lose. I'm 72 and my future is pretty much soon lol

 

[Ron H]

Long haul?? Are you in your 40's?? Long haul for me is 5 years or less lol

Yeah the long haul thing ain’t what it used to be at my age either. Lost 10k during October and wonder how much my broker made, lol. I won’t buy a puppy anymore to have to eventually find a new dad..

 

[Budnicks]

I'm not looking for qet rich quick crap either....just not looking to lose. I'm 72 and my future is pretty much soon lol

I expanded/edited on my last post before I saw your retort...

 

[68BabyBlue]

I expanded/edited on my last post before I saw your retort...

I remember an old Metropolitan Life tv commercial that pitched “the future is now.” At age 70, my future is now, and I cashed out the bulk of my stock market holdings for a lifetime annuity, betting I’ll live past 80. If I do, I’ll beat the market, if not - dead people don’t have financial problems.

 

[AR67GTX]

Our investment Manager talks about what a great year the market is having but he can’t prove that by our quarterly reports. Must be someone else’s market. I don’t think we’re going to see a market comparable to Jan 2022 until we first have regime change.

 

[Ron H]

dead people don’t have financial problems

LMAO! Yes, and never saw a luggage rack on a hearse. (Got that from a country tune lyric)

 

[68BabyBlue]

LMAO! Yes, and never saw a luggage rack on a hearse. (Got that from a country tune lyric)

That quote has been used by more than one billionaire in the Wall Street Journal as well.

 

[kiwigtx]

LMAO! Yes, and never saw a luggage rack on a hearse. (Got that from a country tune lyric)

...or as my buddy Cliff says ...."No point being the richest guy in the cemetery"

 

[68BabyBlue]

I’ve never used a broker or a financial planner. The money I saved on commissions with those leeches paid for my last five GTXs.

 

[Ron H]

I’ve never used a broker or a financial planner. That’s how I bought seven GTXs. The money I saved on commissions with those leeches.

That’s why they drive Ferrari’s, have yachts, and multiple homes…all paid by someone else’s – money.

 

[68BabyBlue]

That’s why they drive Ferrari’s, have yachts, and multiple homes…all paid by someone else’s – money.

The punch line to that quote, which I've read in multiple financial books, is "but where are the customer's yachts?" Back in the 80s, I actually applied for several financial planner jobs, and got no offers. All the companies were looking for people with proven direct sales experience, not financial expertise. So instead, I advised myself, and did well.

 

[YY1]

My 4 largest holdings, which I've had for anywhere between 5 years and more than a decade are BP, Arbor realty, JP Morgan/Chase, and Provident (Canadian energy pipeline).

They average 6.8% dividend income.

That pays for any other I might want to buy within reason, or creates a nice pile of cash if nothing interests me.

I've used that pile of cash to refinance my house and put extra towards the principal, put a down payment on my shop/warehouse, put a roof on my house, and a few other things over the years.

 

[Richard Cranium]

I figure that I can live fairly comfortably with my savings making 5-5 1/2% on cd’s and bonds …. plus what I’ll be collecting from social security.

Who knows, I might even buy another car.

 

[Ron H]

Have a buddy that did his own investing after he retired and did phenomenally well, reading a post here sounds like he applied a similar strategy. He turned 50 grand into 150 around a year or so.

Market works BETTER and BEST for those ultra-wealthy people and their financial firms who tank the market by selling off and buying other stocks. These firms buy and sell MILLIONS of shares in seconds. Buy a stock at $20, ticks up a few hours later to $29 dropping to 28 and they see the sweet spot to sell…millions making millions. In & out, rinse, repeat, and do the same. MEANWHILE, what does my broker tell me every time the market takes a ****? Just hold on, stay the course…basically don’t do anything, the stocks will recover eventually. Meanwhile, they don’t reduce their commission percentage. Whole different playing field btw the schmucks who have a couple hundred grand in the market and those who have millions.

Oh yeah, the advice I took is to invest in some stuff that tends to do better in a bad market to spread the risk. Can’t recall this doing squat either. Then after discussing how much I lost, my broker says, yeah lets cash that out as I think I have a better one to put you in. Aha, that invest I paid 10k for gets sold for 6k.

My fault, the fool me once thing, after this cycle repeats itself. Some have posted here taking the steering wheel and I should do the same..