Posted on 04/28/2020 10:21:47 PM PDT by Oscar in Batangas
Are we near the bottom or on a ledge?
I put a few thousand into each of 10 Fidelity mutual funds but still have about ¾ of my 'gambling money' sitting idle.
After one week I'm up about 5%, but DANG are the knees ever shaking.
C'mon steely-eyed gamblers, give your FRiends some advice!
Blue chips. Companies that have been around since before the depression. Dividends no less than 3%.
For those who have the assets -— industrial real estate. We are bringing jobs back home. Office buildings will tank as more and more people telecommute. Commercial real estate will also be hit hard.
An unknown -— to solve housing shortage, will it be economically feasible to convert office to residential use? It certainly has to be better than Los Angeles, who built 600-700K condos for the homeless.
The bigger the risk, the larger they payout...or loss.
The risk can be somewhat mitigated as per the above poster that stated investing in “blue chips that have weathered the storms of the ages” and pay dividends.
There is an oil glut right now but it will not last forever. The bigger oil companies are cheap right now because of it, but when the glut finally burns off, their prices will rise as well, but that’s a long-term investment. Same kinda holds true for some of the larger restaurant chains...they’re cheap right now, they’ll survive and will go back up once this BS is over with.
Dunno if that helps ya any, but that’s been my strategy in this.
I invest...I don't have anyone leading me..
Been doing this for many years...
I could help you..if you want. But not many people can do what I do....
CBRL buddy, you might have missed it.
THANKS!
Pretty much my strategy, too. With an eye on a fund’s position on its 52 week hi/lo line and its 3 & 5-year performance, I can get kind of analytical, not emotional
(I haven’t been an individual stock picker for ~20 years or so. Did pretty well then, but those stocks had brick & mortar metrics. I didn’t much sign on to the new philosophy of using ones and zeros as a value guide.)
If I may ask, What is the FR consensus on Icahn Enterprises L.P. (IEP) ?
Hmmm, lessee...
Let's say "a few thousand" is $5,000.
Then, 10 X $5,000 = $50,000
So, you've invested $50,000.
And that represents 1/4 of your "gambling money."
So, you have $200,000 in "gambling money." (Why didn't you come right out and state that in the beginning, and save us the trouble?)
I am assuming that by "gambling money," you mean that you can afford to lose it all - that you have sufficient other funds to finance your retirement in comfort, right?
Then, I'd say: Go "all in" and invest the remaining ¾ of your "gambling money" - in additional mutual funds.
You don't state your age (an important factor), and I have my suspicions that you don't actually have sufficient other savings to completely cover your retirement (incl. possible invalidity), but that would be my advice.
Regards,
Sell everything and buy yourself a nice, well stocked retreat someplace, far from crowds but with a gorgeous view, and enjoy your final precious moments on planet earth; preferably with someone you love.
For short-term, one could do a little research by looking at the 3-month chart on some of these stronger companies and see where they were at just prior to all this BS. One could pick a couple of those and ride em back up.
However, IF by chance, the POTUS does not win re-election, be fully prepared to bail out of everything asap because we’ll see a full economic collapse under a communist regime.
Your post doesn’t make sense.
Maybe he wants 2 years out.
Exxon Mobile would be wise. Even my own at 97 is going to jump again.
Oh, overlooked that statement of yours...
Then, you should divest immediately!
How can you sleep nights if your knees are shaking?
(But why are they shaking, if it's your "play money?")
Regards,
One of my favorite dining places whenever I’m in the States!
I imagine it has some room on the upside if the Door-Dash thingy works out
Quick story:
The greeter asked my name (there was a wait)
I said I’m kinda tired of being ‘Oscar’. May I be someone else???
“Honey you can be WHOEVER you want!”
Okay, then ...Brad Pitt
Boy did I ever cause a stir in Wichita Kansas that night, and my sisters and husbands sort of kept their distance as I marched to my table.
PS Service was extra specially good
“...CBRL buddy, you might have missed it....”
Yep! That’s one I snatched up right at the very bottom. CBRL will go up even more once things open back up. I did the same with OXY, HON and SOL. I’m up over 150% on one of those right now and running all of em with trailing stop losses to stay in the green.
Unfortunately, he didn't state his "investment horizon," so it's impossible to say.
Given the paucity of info on himself he's offerred, my post makes perfect sense.
Regards,
I got CBRL late at 77.
Dammit
I’m good, thanks -— Just cowardly
It took a long time and a lot of luck to get here
And I don’t have time to get ‘that’ lucky again
I don’t call myself “Oscar in Batangas” for no good reason!!!
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