I’m not.
Tough week in stocks, we will end up the week with steep losses as the election euphoria wears off. I really don’t feel a sense of gloom but maybe it would be wise to prepare. It’s been idiot time in stocks and real estate the last few years.
It’s been almost impossible to lose money. That can’t last forever. Should we keep investing? Did Rose Kennedy own a funeral dress?
Time to look hard at any “hyped” stocks in your portfolio and start reassessing things.
Be smart
Be careful with hyped stocks
Diversify
Be smart
Get back to reading corporate disclosures,income statements and balance sheets like real investors
?
All the games I have been playing with puts and calls have left me with about half a million in cash. I have about 400K of it sitting in Schwab's SNAXX thing earning about 4.6%
I am looking at my portfolio and picking stocks that pay 3% or more dividend that I like. I figure it's worth giving up 1.7% of guaranteed income for the potential price appreciation. My list includes stocks that have not been too wild, as most dividend performers arent.
Amgen $281 3%
IBM $205 3.2%
Johnson and Johnson $154 3.27%
Coke $61 3.1%
Pepsi $159 3.3%
Toyota $172 4.2% (paid annually)
Verizon $41 6..6%
All of the above have either dipped or not risen too far in the last year to make me feel like they are about to fall off a cliff. I have plenty of others that pay low dividends or are volatile. Sadly, I own little of Amgen and bought about $2500 worth with pocket change a year or two ago and it's doubled but not lately. So pissed. I spent like $2o00-2500 and now I have $4300 whoopee. I had one and I let it go. Now what. IBM I sat on for years at $130-140 while they did nothing and tried to turn themselves into a sevrice company. AI takes off and IBM is invested in that so they go from $140 to $200 in the last year. Still paying 3.2% J and J has been sued up the yin yang and the retreat from vaccines probably hurts them. Price has rermained flat but historically a money machine. Dividend solid. Coke/Pep consumer staples. Monopolists that get away with it. Toyota was around $200 and seems like the worlds best car company, but doesn't really take off as s stock as you would think someone operating in the hybrid space they do so well would. I think they have their pulse ont he world market better than anyone, Elon included. Not sure why their stock just lags. Verizon has a fair amount of debt they are paying down, but steady cash cow who pays a ton of dividend. And with their stock sliding from $45 to the low 40's it has some room to bump and that dividend looks tasty.
I just have to figure out where to put this money and would prefer to keep it in stocks above since I already own them and it keeps life simple. And I swear. After this time when all the options The calls, the few puts. Expire? Like January and March? If I don't have to extend them? I am NEVER ever sever doing that again. Until the next can't miss deal comes along