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Thanks Elroy,
I've been investing since my 20's and this one got past me. Since I wasn't charged by Ameritrade and generally traded EPD between 24 to 29, the dividend though formidable was an added perk and inconsequential to me and my wallet. Lucky me. See; now who said dumb luck wasn't a good thing.
Thank you Nick,
I'm trying my best to improve holdings overall. It's one thing to have nice returns, it's another to be able to get consistently higher asset values.
So I sold IBM and am not doing well on my stock timing with OXY. However the IBM sale offers 2 things. One, is freeing up cash for other investments, the other is having to decide which investments from a short list to open or add to.
Since I don't typically invest in stocks in my portfolio that are going up t nor do I dividend reinvest in those stocks, I have a dilemma. That being that the best performing stocks go up, but don't increase quantity- just increase in value. The cost basis stays low though. The worse performing stocks go down or stay the same and the dividends are reinvested, reducing the cost basis. Catch 22 is that it takes a long time to get positive on these stocks and when they do, stopping the reinvestment cycle yields nothing more in quantity. Seems counter productive cost-wise.
Over all it's increased portfolio values, but I'm not really that ecstatic from the results. Just happy. Could be better.
Good luck with ET. I opened it while being thwarted from reopening EPD. Not favorable to me. I like EPD. K1 is just another form for my accountant to fill out, and I don't get the $1000 cut off in dividends per broker you were referring to.
I suppose there is an onerous cost averaging problem when taking distributions from IRA accounts, but I'm not quite there yet. If my wife retires (being forced- that is aged out- with the offshore group of attorneys in her law firm she's a paralegal with.) I'll need to supplement that loss of income.
As far as the details go, I simply don't know. Shows you where I am understanding finance. I have always held and traded EPD in my retirement account. Is that wrong ?
Dollars to donuts Elroy, EPD won't go down much if at all. Chart it, it happens to be fairly stable, trading for years within a fairly tight range of about 10%, though some analysts don't think much of it.
Brk.B is something I've thought about for a long time. So while it's been going up I've been doing a lot of thinking about it.
That said I like RDS.A and B also. Hey, I like underdoggies whose prospects look bleak.
Short sellers still in control and hammering the crap out of NIO. So much for a profitable day... Hey, there's always next year...
Elroy,
From what I've come across reading, Buffet does have a stake in the company. His initial investment went south and he not only financed some of the Anadarko purchase, but has warrants for more stock in OXY. In other words, Berkshire's been committed to the stock by 2 of his money managers that went in.
Hi Court,
Dicey situation, meaning darned of I do and darned if I don't, so to speak.
Let it roll or not. In both portfolios I'm actively managing the one has too far to go down to realize any losses ( except NIO which I'd love to gain more insight about ), and the other which is geared to stock dividend and bond interest and seems to be mostly impervious to market fluctuations. I'm just trying to position the stocks within that portfolio to give back better valuation returns.
That said, each time I've sold with the intent of buying back lower, like IBM or EPD, the things get out ahead of me and decides to skyrocket. No joy there.
My position in IBM was much too large due to it's initial cost and the required cost averaging and dividend reinvesting. That said, I guess there are always better stock opportunities on the horizon, Not necessarily OXY though, but what the heck do I know. I must stay invested though to get that minimum 5% income return per year. Cash is meaningless to these accounts. I feel as though I'm forced to "play along" with everyone in the markets to stay abreast.
Has EPD raised its dividend for like the umpteenth time ? Yes. Has it insufferably maintained its value at $28 when I sold at $29, Yes. Does it look chart wise to hit 26.50 again? Possibly. Since buying and selling this slippery oil stock twice, I know what I like and I like EPD. Problem is, it knows it and it's playing hard to get.
Yeah Elroy. So I short sold OXY in my trading account at 43.50 and added to my retirement account to cost average the pain at 43.50.
Market cant have it both ways.
Probably get myself into trouble either way, knowing the way I trade.
On the other hand, my target for NIO was open ended when I opened the position eons ago. Now for the second time NIO has gone beyond my opening price. Since then I added to my position to cost average it to $4.80.
Question is since you guys are really good with charts and graphs and all that new fangled stuff, I was wondering if anyone could convey to me some insight about whether to sell, or hold. Right now I have a 10.85% return on this puppy and though my expectations were high when I went in during 2019, I've been purely defensive with this. It's been no easy ride, electrically powered or no.
It's nice though seeing all green. NIO was the one red in my portfolio.
So... posted a fetid 4.4% return on the IBM sale. I'll be looking to go in to IBM IF it backs down to a lower range. Since it's at 143.21 this AM, I may begin nibbling immediately.I'll own far fewer shares than before, as part of the large position I took had been due to the need to cost average IBM at a much lower cost basis.
Well Elroy, that's reassuring.
On the other hand, my income producing portfolio yielded 5.5% in 2019. I'm happy.
Good evening,
Since my last post I opened OXY at $47.30 with a stellar retreat to $44.32 with -$3 a share down since it's purchase just days ago. Looks like Buffet and Morgan Stanley can both be wrong. Add me in to the wrong purchase at the wrong time mix as well....
...After all, charts do lie.
On the other hand, due to cost averaging at an average share price of $4.80 per I now have a minor profit in NIO since practically day one of purchasing this electrically powered canine. Hope all the short sellers lose big big time with it. With 29% of float in short interest, it's bound to be many somebodies disappointment.
Then there was IBM. I say "there was" because somehow my sell order miraculously executed at $146.30 today. Don't ask me how. Mine is not to reason why...
So I'm still waiting for settlement and cost basis on IBM, but I'm certain it hasn't yielded mucho.
Still also have those shares of IBM left in my long term dividend reinvestment plan. Though not so many.
I've still been accumulating cash as I will buy for the most part on market dips. One thing is for sure. The stock market may never go down again, but I sure will be ready with more than ample cash when it doesn't.
The beginning of another market debacle. Here we go kids, strap in now.
Largely a result of cutback in government incentives.
Good evening,
As part of my determination to reduce positions, I pared by 1/4 NRZ on 10/25/19 at $16, yielding an overall return of 6.3%.
Am watching these markets closely. This up and down pattern will be broken to the up or down side eventually. The catalyst in my opinion will be forthcoming this quarter and will result in market direction for the remainder of this year and into next.
So far, each time the market has gotten to these levels something drops the bottom out of them and we lose 200 to 600 points. Lets see what might do it this time.
I'm preparing to reduce my stock mutual fund allocations completely if the markets have determined that its a good time to sell and to anticipate buying back at lower levels. To do so I'd have to be on top of my game to anticipate the forthcoming debacle. I've been wrong before on this. Last time was when I trimmed 1/2 of the mutual fund holdings when the dow was at 16,000. Still a sizable gain considering the length of time invested. Now considering the gains of these funds it may be a good time to reduce again. We'll see.
Good Morning,
Setting up for the next market crash coming to your exchange soon enough. Heavily in cash now and funded additionally for the market melt down.
Have a buy list, ready and waiting...
True, but Amazon still isn't profiting at all and Walmart has cash to burn.
Good morning everyone,
Nick, I refrained from closing BP when you mentioned that you opened it recently. My cost basis is somewhere around $29. Was almost ready to pull the trigger on a stop loss at $36.
So where now with this gem ? What's your target on it and do you think it has long term potential for you ?
Thanks.
P.S. I hate selling out portions of my long term strategic portfolio unless really necessary.
Could get dicey Nick. At least in the short to mid term.
I might read into that chart the distinct possibility of a range bound market downturn, S.F.
Thanks Nick, You're right I should not have been attacked for stating an opinion.. I don't personally attack folks here or pretty much any where else. Just commenting about the unwarranted attack upon me by that person, seeing as though we were on the subject of that person anyway.. Forgotten before and forgotten already.
Thank you Nick. I always want to look at a holding as long term. But given the markets and analyst prognostications about this one I had to trim. It'll probably take off like a 737.
Beware September October November.
The next bubble perhaps...
… and 20 trillion of that goes to Amazon...
Trk was discourteous to me attacking me personally because I posted an opinion. I have no regard for Trk. But to ban anyone is an absolute last resort. I've been posting with Nicholas off and on since 1999 and enjoy being included in the Forum.
Good evening all,
Closed ayr at $21.14 for a quick turn around of 8.41%.
Actually I thought the sell order was for $21.50, must check.
Agreed, biocqr. Nicholas has warned some here not to bring politics into our discussions. Most of us have headed his rebukes. To out and out call Democratic Primary contenders "socialists" goes against this site's precepts. Point of fact. When Democrats have the political impetus and the White House, the stock market is usually more stable... and higher. This time around the markets have gone up erratically and precipitously, kinda makes me reminisce about the "good old days" of Dow 16,000...kinda.
Tell you one thing though. I'm just waiting for the next leg up to reduce. That's for sure.
At this point I'll be selling into rallies. This market now is too sketchy for me. Seeds have been planted and cash is sitting on the sidelines. But quite frankly I'm flummoxed by the recent see saw and a bit flustered.
Thanks for the heads up Nick.
Politics aren't welcome on this site. Right Nick ?
The next huge spike in oil though unlikely will result in a recession. This chart to me shows higher lows and higher highs in oils.
I'm re-thinking selling BP. Though raising cash is always a good thing especially on a profit. Fundamentally the company is strong though. Yielding close to 7%. My stop loss would have been $37. But I refrained from that. Mine will be wait and see... Famous last words.
...and a horrible chart. Just so much a man can take. Exactly the same reason I closed PFE. Not enough there to wager against further decline, but enough to show a profit.
My point is that through my own complacency I allowed a stellar return to turn into a modest one. No bones about it. Just a fact. I'll take what I can Nick and be (somewhat) happy about it.
Unless investors are buoyed by some statement that further loosening isn't required because the economy is strong and everything is coming up roses. When the markets can loose close to 1000 points over 2 days on a tweet, you gotta know the reverse can be true.
Good Morning,
Raised sell limit on AYR from $20.50 to $21.50.
Waiting for dividend on BP to close position. From loosely having a 75% return months back to roughly a 25% return I'll take what I can and be thankful.
Given the current administration, Court, I think there's a chance that the Fed will continue to lower. I wouldn't bet the farm on it though.
The good news is that after yesterdays bloodbath my portfolio was down a whopping 2.9%. They have recovered 1/4 of that today. Working at the fringes of an overbought market. Yes an overbought market is dangerous to say the least. My rationale is in maintaining a longer term perspective and investing assets strategically and conservatively.
Still keeping cash available for further downside investment.
Looking skeptically at BP. May pare my exposure to it and take some profit.
Good morning SF,
It appears to me that we are nearing a market top and continue to establish a ceiling. Only other way is to trade sideways or trade down. Not much of a rebound.
Good morning Elroy,
I'm thinking that the markets won't hold onto their gains...
Good Morning,
Added by half to NRZ at $15 for a sweet 13.4% compounding dividend reinvestment strategy, reducing cost basis further.
Opened BX at $45.15 for a dividend yield of 4.65% and beautiful chart.
Closed PFE for a net return of 8+ % at $36.75. Acted slowly to sell. When the stock was at $44, might have been a better return. But I'll take it.
Opened an Ingersoll Rand 9 month bond for 2.35% net.
Opened AYR at $19.50
Opened Pinnacle Bank 6 month CD 1.95%
Opened Ardent Credit Union 1 year CD 2.715%
That's all Folks !