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Dribbled a bit more into my Insurance annuity. From Govt money market fund to to Janus Balanced Fund
I hope so. I just added to it at $46.50 a few days ago.
Dribbled a bit more into Index 500 fund within my NYC Deferred Compensation Plan
I'm beginning to see green in my portfolios for St Paddy's day.
Still raising cash. I'll turn to adding and opening as we go along.
Let's hope so Nick. This is a strong player. I'm not at all concerned in any way about WMT rising above this. Fast food restaurants and supermarket chains will also do well.
AMZN I see will do exceptionally well. I think the rout is over for this. Now I can be sad I sold it.
In my humble opinion we're witnessing the bottom here for the markets. trump seems to finally have a handle on things. Now it's just up to us to stay safe and stay healthy.
I get that Nick,
Reduced (day trade) IBM at $102 from $100. Dividend isn't that good. Profit's better. Still have 1/2 left.
If STWD drops from here OK, let it join my dogs. It held up so well, better than all other reits that I have. I'll hold and if it falls and I get near year end, it can join plenty of losers I have to take a loss with.
If it comes back and maintains its dividend then I'm even. If I sold all my losers, I wouldn't come close to evening out those to my winning sales.
Plainly, for me it's too early to tell how the rest of the year is going to go. This market is so fluid.
The travel industry will in my opinion be standing in line for a handout. That might include hoteliers and reits.
That's one on my short term buy/rollover list- 102/105 to 112.
Doesn't help when someone out of the forest comes and touts it though. It's running now to $117. Glad I still own it.
Oh well.
Thanks Court. There wasn't much context for me to go on.
Modern Monetary Theory or Modern Money Theory (MMT)
is a heterodox macroeconomic theory that describes currency as a public monopoly for the government and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. MMT is an evolution of chartalism and is sometimes referred to as neo-chartalism. Its macroeconomic policy prescriptions have been described as being a version of Abba Lerner's theory of functional finance.
Not that I can decipher this.
Thanks,
Now I can take a couple of cruises Nick. But I think I'll pass for now.
I think I'll continue with my STWD. I don't like taking losses and don't want to reconfigure the income portfolio even if I lose dividends. Lost dividends may equate to higher asset value- stock price.
Famous last words.
Gilead (GILD) is moving
M.M.T. ? What's that ?
$90 swings in AMZN. I have a few good stocks I wouldn't mind picking up at this point to play with a bit. They seem to have actually bottomed and swing anywhere from $10 to $90 (AMZN) a day.
Moderna MRNA is a mover. From $23- $30 the last few days.
Round trip on Amzn
$1690 - $1750
I'm done today.
Didn't mention that I also reopened a small position in IBM at $100. Nice dividend, which I believe isn't in jeopardy...just yet.
Reopened AMZN at $1690. Considering it started the day up and down to like $1775. I may have tagged it here. Hot potato. Whoever is holding AMZN last is it.
Great insights SF
Added a small amount- 10% in rollover account only within the NYC Deferred Compensation Accounts. This amount is less than 1/100th of total in all accounts. But there's no sense in extending myself beyond common sense. I'll continue to nibble at the huge amount of cash in these accounts.
Transferred in to the Index 500 Fund.
And that's it. I'm done for the day.
That Nick would be against my parameters. Only option is try to be patient. Given my earlier feats I'm expecting more opportunity and just not finding it today and last Friday. Oh the agony the agony. Thanks though for the encouraging words.
Very frustrating lack of opportunity for me given my trading parameters.
Thanks again Elroy for the heads up.
From my insurance annuity, moved 25% from government securities fund ( sub account ) to Janus Balanced Fund
Thanks for the heads up Elroy. I have to activate my Chase card for the new groceries category. Wonder what Discover categories are.
Elroy,
In response to your question regarding Chase. Discover card is giving 5% back on groceries till March 31st.
Chase is providing 5% cash back on Gasoline till March 31st.
SF,
The $86 price is one I've had for a few years and before any announcement of their new resorts and rides in their theme parks and way before their streaming service. Disney sat around $92 for quite some time as I recall. Went up then fell again to around $92 before skyrocketing to $130. This is all numbers off the top of my head though so I may be off in the numbers a bit.
$86 would in my mind be a good entry point. Discounting some of their weakness going forward. I wouldn't discount the prospect of it going lower though. It hit $92 before going back up into the $100's. It all depends on the market and this virus containment and control thing. Disney's stalwart revenue producer their theme parks are now not producing.
SF,
I just came across a similar offer to Miami from NY, round trip for under $100. Who'd fly that though.
My GF loves these fares, a she's a world traveler and is thrifty in the process. In December we took a Holland America cruise to Key West, Grand Turk, Dominican Republic- Amber Cove and Half moon key in the Bahamas from Fort Lauderdale. Airfare included. A Veranda cabin for $769 each for 7 nights. Now I can only imagine what that would cost today, if ships were cruising.
Court,
I'm going guns a blaze into my insurance annuity with a completely aggressive stance. Since I've been conservative for a while now and have all cash.
Also I'm going to reallocate my investments in my NYC Deferred Compensation plan funds: My IRA, ROTH IRA, and 457 plan accounts. I'll be moving money less aggressively into these accounts this week.
I've also sent along a request to stop moving $$$ from my Union Annuity ( A Fund ) into the 2.75% flexible 12 month CD set up last year. The annuity administrator will do a good job of moving funds around to add stocks at this point.
My stock portfolios will be utilized to day trade till I feel comfortable in the stocks that I purchase to then make them longer term holds. That's my plan. That's my strategy.
SF,
We're all Americans here I suppose, though I'm an obsessive compulsive perfectionist in an imperfect world. I'm always lamenting that things aren't as they "should be". Oh woe is me.
Tough day at the market. Didn't sell anything at a profit. Didn't sell anything at all. Maybe next week some juicy little stock will come to me and I'll keep it just long enough to enjoy the sweet sweet feel of tossing it for some doe.
Thanks for the heads up Elroy.
I do SF, I think you're a little hard on Elroy though.
The people in charge are supposedly him. That mention he made got me too. Back to editorials- Of course he'll deny it.
All I found when trump mentioned this in his speech this afternoon was:
RHHBY
It started jumping a few minutes after he mentioned it.
It didn't go up as much as I would have thought. I started watching around $37 and change. It closed around $40
I don't know if Roche Holdings is in fact Roche labs. Pink sheets ? Had me stumped.
Try tonic water it has quinine in it and it's safer, add gin to sanitize the palette.
Added to BX $46.50. Most recent sale of BX was $53.
Finally, It's about time !
Gilliad is in Phase 111 testing now in China and the US. Off its $63 low.
Coronavirus Treatments May Arrive Quicker Than Vaccines -- Market Talk
8:43 am ET March 13, 2020 (Dow Jones) Print
1243 GMT - Coronavirus treatments will probably take less time to get to the market than vaccines, says UBS. The Swiss investment bank says Gilead Sciences Inc. has started phase III trials of an anti-viral drug, known as remdesivir, after promising early-stage work. Gilead is testing remdesivir in two studies in China, one in mild to moderate patients and the other in severe patients, which are due to report results next month, while a U.S. study is also taking place, UBS says. "These sorts of trial can be quick," UBS analysts say in a note. "If a good treatment emerges, whatever it is, we expect regulators to prioritize expeditious review." (philip.waller@wsj.com)
(END) Dow Jones Newswires
March 13, 2020 08:43 ET (12:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
At this point on Staten Island folks are beginning to understand the implications. Some are still maintaining that this is a hoax. (Thanks to "our president"). Believe it or not. Though many functions are being curtailed, there are many small venue gatherings that continue to occur.
My GF and I stopped going to Dance classes, have reduced going shopping, and when we do we use our N95 masks in crowded areas and use Clorox wipes (which I bought tons of a few weeks ago) to sanitize most everything we come in contact with- I.E.- car door handles, gear shift levers, shopping cart handles etc. There is just so much we can do to address this... and though we still are instructing Dance classes we're being paid well to do so and that's only once a week for 2 hours that day. In our classes we started weeks ago certain procedures such as requiring the use of hand sanitizer for everyone before Dancing and staying with one partner that they usually dance with. We won't Dance individually with Dancers needing instruction, we won't Dance with them in couples hold. We've also made quite clear that if someone isn't feeling well they should stay home.
The Dance studios even the JCC and the City of NY Recreation Centers are open. The JCC which serves a huge over 60 population has cut back some large gatherings. Though classes, lunch and support services for seniors are still being provided.
I believe that over time as this thing blooms there'll be a curtailment of support services which will be very bad for the elderly population. But it's just not a good idea to have hundreds of over 60's together in a huge social hall/lunchroom. I believe that's a big mistake. But necessary for a needy elderly population. This is going to be fraught with consequences.
Time to sit back and watch my investments work....Or maybe not as the rally appears to fade.
Correct Elroy,
Some folks confuse common sense with politics then offer couched euphemisms to provide back handed compliments. Trying to mask their political bias. You though are on the right track. Normally I ignore such comments and from whence they came. It's not worth doing otherwise.
I don't usually state the obvious, but every once in a while it becomes quite irksome to read or respond to others that may feign "offense" at the evidence.
You have astute observations cogently stated. I enjoy reading them and do get a kick from the implied humor at times. Though these are serious times we live in.
This from a conservative, reformed republican, moderate, investor.
It's good to see many sides. Not just one or two.
My thoughts exactly Court. There comes a point when asking ones self, "are these companies worth nothing?" The answer being clear enough.
Nick,
So far all support levels haven't held. Hope the support SF mentioned will hold.
7:35pm-
Japan stocks drop almost 9% with Chinese stocks also diving as Asia Pacific markets sell off.
The Dow has dropped 7,668 points thus far. The high on February 12th 2020 was 29,551.
When trump took office in January 2017, the Dow was 19,827.
When trump was elected November 2016 the Dow was 18,332.
Today the Dow closed at 21,200...
Great record.
The difference after 3 years, 2 months is 1,300 points from the day trump took office. (21,200- 19,827). Or put another way, the market since trump was elected has essentially gone up then retraced 7668 points. The Dow has gone up essentially 6.5% .
The difference after 3 years, 4 months is 2868 since the day trump was elected.(21,200-18,332).Since trump was elected the Dow has gone up essentially 13.5% .
Hail to the chief.
Welcome to the trump recession.
Cant wait !
When we get down to Obama era levels, maybe I'll buy and hold.
Worst day since 1987. All I had at that time was Fidelity and Vanguard mutual funds. Maybe Mills Corp. I remember not doing anything that day.