General Category > Economy/Business
Investments
Bigun:
--- Quote from: bolobaby on July 29, 2016, 08:04:16 pm ---OK - last time I'll post portfolio activity here unless some folks chime in that they are interested. (Mighty quiet. Was hoping for some good dialogue on investments. :0001:)
Nonetheless, I did put a half-sized stake down on Stratasys (SSYS) today. Why? Well, I was thinking about buying more DDD to cost average down my losses there, based on the belief that it will go up a bit from here. Instead, I looked over SSYS and think they have the more attractive growth prospects, cash reserve, and path to profitability.
So, I'm cost-averaging the sector, I hope. :-)
In at 20.97/share.
I have a feeling one of these two companies will get bought in the next 12-18 months.
--- End quote ---
I have no problem talking about these things in general terms but not at all comfortable with telling anyone exactly what I'm doing or why I'm doing it.
To me that's like asking a fisherman to tell you where he caught those fish. :whistle:
bolobaby:
--- Quote from: Bigun on July 29, 2016, 08:41:09 pm ---I have no problem talking about these things in general terms but not at all comfortable with telling anyone exactly what I'm doing or why I'm doing it.
To me that's like asking a fisherman to tell you where he caught those fish. :whistle:
--- End quote ---
That is an unusual philosophy when it comes to investing since generating interest in your investments usually results in upward price pressure.
I'm not posting stocks to "pump and dump," just start dialogue, but talking about good investments is typically only *good* for the investment.
bolobaby:
--- Quote from: AbaraXas on July 29, 2016, 08:33:26 pm ---Right now I'm sitting on AAPL, BCS, & IHRT as some that have been beaten down unnecessarily. AAPL is up about 6% since I bought, BCS 17%, IHRT 21%, and that's just the past month or so. Not a whole lot of gain compared to when I was riding penny stocks but I am choosing some with less downside risk. I was buying and pattern playing a lot with BMIX and AGCZ, I could get 200% moves in one day easily, and play that 3-4 times per month, but then they started dying down on activity. I noticed that penny stocks really don't get the volume they used to. I'm not too aggressive. If I sat on it all day, I could probably not work, but I make enough that I can dump back into retirement and not worry about the downside risk too much.
My best move ever wasn't my biggest percent move but just good timing, but I bought a LOT of Ford when all the automakers crashed and it went to around .90- but they said they wouldn't take a bailout. I cashed out at about $6 and paid for most of my house.
--- End quote ---
My plan was to buy AAPL if it went sub-90. I think it got close, but I never pulled the trigger. Naturally, I wish I had, but the SIZE of AAPL made me hesitate. I figured I might see better gains elsewhere.
I *just* looked at BCS the other day! I might take another look.
IHRT looks like a timing play. Volume is so low, you could manipulate the price yourself.
bolobaby:
--- Quote from: mrpotatohead on July 29, 2016, 09:11:31 pm ---I got some excellent advice from a very wise man that I worked with years ago. He said....buy 3 or 4 solid oil co's, put it in dividend reinvestment and leave it alone. Energy isn't going anywhere. He had purchased Phillips Petroleum, Mobil, and Burlington Resources. This was back in the late 70's. He put in around 30k in each. When he died a few years back the stock was worth millions and the dividends were huge.
Of course some of those stocks merged, were bought out, etc....but it goes to show that good solid companies will continue to do well.
Did I take this advice....of course not...lolololololol.
I did purchase some FFIN, which is a local bank, but is one of the most solid banks in the country...certainly worth looking into.
--- End quote ---
The general rule is that if you take 30k and put it in any reasonable investment that earns near double digit returns, you will have a million-plus 40 years later.
The DOW has had an average return of 9.6% over the past 40 years. That would be a million if you invested the 30k in an index fund.
If you're young, you should always squirrel away some money instead of buying the fancy car. Let it ride and retire in comfort later. The problem is, most people don't have 40 years of patience!
ABX:
--- Quote from: bolobaby on July 29, 2016, 09:30:44 pm ---My plan was to buy AAPL if it went sub-90. I think it got close, but I never pulled the trigger. Naturally, I wish I had, but the SIZE of AAPL made me hesitate. I figured I might see better gains elsewhere.
I *just* looked at BCS the other day! I might take another look.
IHRT looks like a timing play. Volume is so low, you could manipulate the price yourself.
--- End quote ---
BCS got hit hard with Brexit but they have a lot of liquid capital and have some solid financials. There is no reason a major bank like that with their margins should be that low. It was all psychological with fear over Brexit.
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