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Investment & Finance Thread (week June 29 - July 3 edition)
Weekly investment & finance thread ^ | June 29, 2014 | Freeper Investors

Posted on 06/29/2014 2:17:00 PM PDT by expat_panama

Yesterday was the 100th anniversary of the assassination of Archduke Franz Ferdinand in Sarajevo which sparked the war and the NYSE decided to close for the duration (more here).  This week we begin the new quarter --and the second half of 2014.  We'll see if the GDP for Q2 shows any improvement (1st report coming out in three weeks).  Imho we're in an economy where we can still make money but it's just going to take more effort.

Review of last week here, reports/consensus coming out this week here.

This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--

Open invitation continues always for idea-input for the thread, this being a joint effort works well.   Keywords: financial, WallStreet, stockmarket, economy.



TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: economy; financial; stockmarket; wallstreet
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1 posted on 06/29/2014 2:17:00 PM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

The what-could-possibly-happen? ping...


2 posted on 06/29/2014 2:18:31 PM PDT by expat_panama
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To: expat_panama

Four months out from an Asian cruise of a lifetime, Thailand now under military junta, Vietnam and China and Philippines squabble over territory, Hopefully Japan and Korea will cheer things up, Oh wait, The Kid Wonder in NK just got physical..again, I just hope the light shows and fireworks are worth it.. And we stay out of the news.. Again.


3 posted on 06/29/2014 2:22:51 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: NormsRevenge
...an Asian cruise of a lifetime...

[adding to my 'to-do' list...]

4 posted on 06/29/2014 2:31:36 PM PDT by expat_panama
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To: expat_panama

All:
Any recommendations on best companies for junk silver? Kitco, etc. any bad experiences, any tips?


5 posted on 06/29/2014 2:40:07 PM PDT by Gadsden1st
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To: Gadsden1st

I’ve used Monex but can’t really recommend them or bad mouth them. They gave me what I wanted.


6 posted on 06/29/2014 2:54:24 PM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: NormsRevenge
an Asian cruise of a lifetime, Thailand now under military junta

Thailand was one of my escape countries but now I'm not so sure. Better stick with Costa Rica and Belize I guess.

7 posted on 06/29/2014 2:55:55 PM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: expat_panama; BipolarBob

The med was our other once in a life time cruise,,

I definitely wish we had more time in all the ports and beyond.

I’d enjoy going back to London and Roma and Greece.. Haven’t even scratched France yet..

I hit sixty this November..

IM pooped..

A world cruise segment is tempting tho too

Lots of time to nap..


8 posted on 06/29/2014 3:21:09 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: BipolarBob; SAJ
...stick with Costa Rica...

That was the favorite years ago but the CR bureaucrats now have become super hard to get along with.  Getting electricity, internet, a driver's license can be no end of headaches, but in Panama it's manageable.  (mho)

9 posted on 06/29/2014 3:30:52 PM PDT by expat_panama
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To: NormsRevenge
...A world cruise segment is tempting tho too...

Then again, something to be said for just living there for a month or two.   Ever looked into 'house swapping'?

10 posted on 06/29/2014 3:35:02 PM PDT by expat_panama
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To: expat_panama; All

Thanks for the ping; posts.


11 posted on 06/29/2014 3:42:10 PM PDT by PGalt
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To: expat_panama

Ditto what you just said, Pete. Did you know also that the CR bureaudorks have also instituted an $8 fee just to transit their country. Pick, pick, pick, hallmark of bureaudorks.


12 posted on 06/29/2014 3:44:00 PM PDT by SAJ
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To: BipolarBob
Bob, best wishes on your choice, wherever and whenever.

Pls be advised, though, that Belize, unless you plan to purchase in one of the established expat communities (e.g. Ambergris) or one of the new highish-end developments (e.g. Orchard Bay), is a dump. The people are enormously friendly, BUT, more to life than that, eh.

13 posted on 06/29/2014 3:46:54 PM PDT by SAJ
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To: expat_panama

At my age, I’d consider dog swapping.. Uhhh

I hear ya tho..

Not sure if wifey will ever relocate again


14 posted on 06/29/2014 3:53:37 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: BipolarBob

Seems we bring chaos wherever we cruise,, Rome and Athens,, riots,, I hope Hong Kong and Singapore and shanghai are cool. We also visits Ho Chi Minh City and Nagasaki. I have thumb drives, not to worry. Beijing should be interesting, I am a history nut.


15 posted on 06/29/2014 3:58:16 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: SAJ
....CR bureaudorks have also instituted an $8 fee just to transit their country...

Only $8 to leave CR?  That's a bargain at ten times the price!  Seriously, CR really is beautiful and the people are downright charming.  It's just living there that becomes a nightmare.

16 posted on 06/29/2014 4:06:24 PM PDT by expat_panama
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To: PGalt

My pleasure —glad to know they’re welcome.


17 posted on 06/29/2014 4:07:14 PM PDT by expat_panama
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To: expat_panama

It will be “unexpected”. Count on it.


18 posted on 06/29/2014 4:22:55 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: expat_panama

http://www.bloomberg.com/news/2014-06-29/yen-near-5-week-high-palladium-extends-gains-oil-falls.html

Most Asian Stocks Rise While Oil Extends Drop; Crops Fall


19 posted on 06/29/2014 5:42:39 PM PDT by abb
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To: abb

tx, that was kind of under the radar for me...


20 posted on 06/30/2014 4:08:16 AM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

Good morning and a happy last day of June first day of a short week to all!  Seems most of the econ report are at the latter part of the week (unemployment on Thurs) and today we only got Chicago PMI and Pending Home Sales.  Future traders have metals down and stocks off a tad along w/ other markets.  Interesting morning stuff:


21 posted on 06/30/2014 4:10:10 AM PDT by expat_panama
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To: NormsRevenge
Beijing should be interesting, I am a history nut.

When I toured the Forbidden City last year, I paid the equivalent of $20 to a local tour guide. It was well worth it. His English was very good, his knowledge was immense, and he was willing to take as much time as I wanted.

We also avoided the larger groups most of the day.

Several people approached me asking to do this... I passed on several, until I got a guy I could understand. :-)

Was in Thailand last week. Got a TWO HOUR Thai massage for $25 US. Also, well spent money.

22 posted on 06/30/2014 5:15:13 AM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them!)
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To: expat_panama

This weeks economic data releases:

Monday:
9:45 am Chicago ISM (63.0 consensus)
10:00 am Pending home sales (FC 98.6)

Tuesday:
Auto sales
9:45 am PMI - Manufacturing (55.8 consensus)
10:00 am COnstruction spending (0.4% consensus)

Wednesday:
8:15 am ADP payrolls (+205K consensus)
10:00 am Factory orders (-0.3% consensus)

Thursday:
8:30 am NFP (+215K consensus, +210K private, +10K manufacturing)
8:30 am UE3 (6.3% consensus)
8:30 am Initial claims (315K consensus)


23 posted on 06/30/2014 5:17:20 AM PDT by Wyatt's Torch
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To: expat_panama

My accounts have been on a roll lately... but, I’m starting to get nervous. KEX, COP, WLK, and FB are my biggest holdings...

I just completed a two week trip through Asia (Singapore, China, Thailand). Things definitely seem to be slowing down over there. NO ONE in China has any cash. Customers everywhere are paying late, or not at all. Our company has moved to “Cash up front” only for doing business.

Have you noticed the collapse in pricing for iron? It’s a decent leading indicator, IMO. Business, globally, is slowing.

I fear that 2nd QTR US GDP is not going to rebound as much as people think. It may start out positive, but... after final revisions it might even be negative again. If that’s the case, earnings in this quarter may not be all that great.

Eventually... the market should have to recognize the lack of growth.


24 posted on 06/30/2014 5:21:13 AM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them!)
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To: SomeCallMeTim

I’ll be watching the market closely today. If all goes okay I’ll be taking some off of the table today. July could be very interesting and I’m getting nervous as well.


25 posted on 06/30/2014 5:34:53 AM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: Wyatt's Torch

The story is that the weekend of the 4th typically radiates a ‘good-feeling’ type rally, so I’m curious as to how all the Thurs rpt news might impact.


26 posted on 06/30/2014 6:01:10 AM PDT by expat_panama
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To: SomeCallMeTim; BipolarBob

Donno about other traders but I’m getting all kinds of conflicting signals —even from the same sources. Like, last Friday IBD announced that stocks jumped in higher volume w/ the NASDAQ closing at a decade+ high, and right now I’m finding out that volume only jump because some indexes changed stocks and that made index funds buy/sell. Their bottom line is that this rally is pooping out.


27 posted on 06/30/2014 6:08:01 AM PDT by expat_panama
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To: expat_panama

Yeah Friday was Russell rebalancing. Our stock was hit with a 213K block after the close (about 20% of normal volume).


28 posted on 06/30/2014 6:26:26 AM PDT by Wyatt's Torch
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To: expat_panama

I bought one of those stocks hoping it would rally on forced buying. nada. I’ll wait a couple of weeks and dump it.


29 posted on 06/30/2014 6:35:19 AM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: expat_panama; All

I downloaded Barcharts app last week and am really liking it. You might want to check it out. It shows a lot of info for a free app. I don’t have the paid version so some features don’t work. Check it out and see what you think

https://play.google.com/store/apps/details?id=com.barchart.app


30 posted on 06/30/2014 1:52:20 PM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

I forgot to say it’s on my phone.


31 posted on 06/30/2014 1:56:31 PM PDT by Lurkina.n.Learnin
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To: SomeCallMeTim

We opted to blow dough and stay a couple days extra in Beijing and Singapore where we embark. We get a two nighter in going Kong so as long as I don’t fall off the a great Wall or find a casino on Macau.. Definitely will check out guides in advance. :-) Thanks!


32 posted on 06/30/2014 2:30:38 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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Hong KOng


33 posted on 06/30/2014 2:31:49 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: Lurkina.n.Learnin
on my phone

Ah, that explains my problem.  I love Barcharts tho, every morning I get my futures info at http://www.barchart.com/futures/heatmap ...

34 posted on 06/30/2014 6:12:20 PM PDT by expat_panama
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To: expat_panama

Yesterday ended totally flat both w/ metals and stocks, and now we got futures traders solidly upbeat on both awaiting reports on construcion spending + auto/truck sales. 

The Holes That Could Expose This Market Rally - John Kimelman, Barron's

Stock Market @Midyear: Better Than Expected - Gregory Zuckerman, WSJ

Signs of the Gold Standard Emerge In Great Britain - Ralph Benko, Forbes


35 posted on 07/01/2014 3:42:04 AM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...
Early morning slipup; please click here.
36 posted on 07/01/2014 3:46:40 AM PDT by expat_panama
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To: expat_panama

I see what you did there. ;^)


37 posted on 07/01/2014 4:49:53 AM PDT by Lurkina.n.Learnin
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To: NormsRevenge

I was in Singapore last week as well... It’s an unbelievably beautiful place. So many things to do there.

Universal Studios, Aquarium, Marina Bay Sand Casino :-) , Shopping EVERYWHERE... restaurants EVERYWHERE... The gardens.... it’s unreal.


38 posted on 07/01/2014 7:08:53 AM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them!)
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To: SomeCallMeTim
Have not been there in a bit. Lucky you!!!
39 posted on 07/01/2014 8:28:01 AM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: SomeCallMeTim

“My accounts have been on a roll lately... but, I’m starting to get nervous. KEX, COP, WLK, and FB are my biggest holdings...”

A little advice if you aren’t doing it, keep your Stop Loss orders up to date with the maximum % of loss you can stand. Don’t get greedy.


40 posted on 07/01/2014 9:38:05 AM PDT by Grampa Dave ( Herr Obozo, the Sunni Won-Doer, will not divert $'s from his war on Americans to help our Veterans!)
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To: Grampa Dave
...orders up to date with the maximum % of loss you can stand...

That's what I was just thinking too with this run-up, time to 're-notch' the loss limits...

41 posted on 07/01/2014 10:38:02 AM PDT by expat_panama
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To: expat_panama

I took some profits today. I get nervous up here skating on the ceiling.


42 posted on 07/01/2014 10:55:15 AM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

There’s probably going to be a lot of profit-taking sessions in the near future, but what I’m seeing is one of those times we say “hold your nose and buy”.


43 posted on 07/01/2014 11:11:39 AM PDT by expat_panama
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To: expat_panama

“That’s what I was just thinking too with this run-up, time to ‘re-notch’ the loss limits...”

It is nice how much some of our returns has jumped since the first of the year.

We have a few ETFs, zero actual stock, which have been on fire since late January.

Re-notching the loss limits is usually a 3-5 month job for me.

That is not fast enough for a few of them.

I set a 10% loss for my stop loss orders, and this year I have been checking on that calculation on a shorter time table and “re notching” as you call it.


44 posted on 07/01/2014 11:19:35 AM PDT by Grampa Dave ( Herr Obozo, the Sunni Won-Doer, will not divert $'s from his war on Americans to help our Veterans!)
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To: Lurkina.n.Learnin

I took profits yesterday and bought a defensive stock and a short stock today. The 4th of July holidays make me nervous (actually any holiday anymore). GLTA


45 posted on 07/01/2014 12:02:20 PM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: BipolarBob; expat_panama

I didn’t get rid of every thing, I just pared back and got rid of some that weren’t performing that well. They will probably take off tomorrow.


46 posted on 07/01/2014 3:39:30 PM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

That’s mostly what I did. Re position.


47 posted on 07/01/2014 3:54:08 PM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: Grampa Dave
A little advice if you aren’t doing it, keep your Stop Loss orders up to date with the maximum % of loss you can stand. Don’t get greedy.

Thanks... I will definitely do that. Today, I sold all holding other than the ones I listed above... and a couple of mutual funds.

If 2nd qtr GDP sucks again... the jig will be up.

48 posted on 07/01/2014 8:09:57 PM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them!)
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

Neat --right after seeing gains in metals and stocks yesterday this morning futures traders are predicting more of the same!  I mean, profit taking isn't as much fun by oneself while everyone else is still out having all the fun, but then again the saying is still true that "nobody ever went broke taking a profit".

Reports today: MBA Mortgage Index, Challenger Job Cuts, ADP Employment Change, Factory Orders, Crude Inventories; this morning's stories:


49 posted on 07/02/2014 3:51:15 AM PDT by expat_panama
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To: expat_panama
Reading the headlines, a quote from a '60's Sci-fi comes to mind.....

"Danger Will Robinson!!!!!..... Danger!!!!!

The market exuberance has no basis. This is the freakin' Twilight Zone I tell ya.

50 posted on 07/02/2014 5:38:45 AM PDT by catfish1957 (Face it!!!! The government in DC is full of treasonous bastards)
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