[2020] A little stock market sense

[WaikikiFirst]

I have never given investing advice on here

I don't think renter knows the difference between advice & wuddevah. He certainly doesn't know the difference between INVESTING and trading.

 

[WaikikiFirst]

at least you are here to teach us how to spell!

and to teach everyone that day-trading = INVESTING. There a couple of levels to what he (claims) to be doing that are completely unexplored by him or anyone else. I shall continue to not bother pointing them out because he has never answered a single direct question, so what is the point. He has zero credibility.

 

[RENTER]

If you do not remember, go back and check the previous posts and remind yourselves who started the name calling. All I did was share what I do to get market results without the rollercoaster ride. All I said was own the pie but slice it up and spend a little time keeping slices even. What an outrageous concept according to some.

I put it in simple terms and compared it to rotating a pizza pie, smoothing out a reservoir wall so it is stable and send in the reserves like Hancock did at Gettysburg. Again another outrageous concept to them.

Good luck listening to them especially the one who claimed to be a teacher. I had posted last night how teachers did not know what they were doing and were taking advantage of. Maybe he is the exception to the rule because of his positive thinking. In the meantime 4 of the 11 sectors up today.

Consumer Staples up 0.36%
Energy up 0.83%
Healthcare up 0.02%
Utilities up 0.46%

I am up 0.23%

My top 3 bull winners
CB up 2.93%
CME up 2.79%
COP up 2.73%

My top 3 bears up
TSLS up 11.77%
CONI up 10.59%
BITI up 9.0%

Once again, have a nice laugh while I spend 5 minutes taking profits from those with 10% gains to buy what is falling today.

 

[Brett]

If you do not remember, go back and check the previous posts and remind yourselves who started the name calling. All I did was share what I do to get market results without the rollercoaster ride. All I said was own the pie but slice it up and spend a little time keeping slices even. What an outrageous concept according to some.

I put it in simple terms and compared it to rotating a pizza pie, smoothing out a reservoir wall so it is stable and send in the reserves like Hancock did at Gettysburg. Again another outrageous concept to them.

Good luck listening to them especially the one who claimed to be a teacher. I had posted last night how teachers did not know what they were doing and were taking advantage of. Maybe he is the exception to the rule becau
TSLS up 11.77%
CONI up 10.59%
BITI up 9.0%

Once again, have a nice laugh while I spend 5 minutes taking profits from those with 10% gains to buy what is falling today.

Plenty of falling knives today !

 

[RENTER]

Look at a chart of MPW. Every day I was putting money into it as it fell always down to $3.70. Today it closed at $5.87. A 58% return from the low. A 16% return from my cost basis. Also pays a 5.32% dividend this month.

Fraction shares which I did not use here because the share price was so low and commission free trades have made Catch A Falling Knife a plausible strategy today unlike the past. With no fees and no share price to worry about, you can try, try again until you get it right. Could not do that in the past.

One day others will catch on.

 

[letsgobobby]

if a genius posts in the forest but nobody reads it, does the genius really exist?

 

[Carolinian]

these are all arguments for owning diversified portfolios of profit-making companies - not gold.

Gold is faring better than stocks these days. Compare the change in values of both since the begiining of the year. So is our much larger investment in residential real estate. For last year our rental income represented 20% of our investment in houses, and the increase in the value of the houses is on top of that. Do you get 20% return on investment in the stock market. In my area, the property market is still quite hot.

 

[emeryjre]

Gold is faring better than stocks these days

Selling gold short has not produced 30-40% returns in the last 30 days
Everybody picks their own market and techniques to make a buck

 

[RENTER]

Todays results

All 11 sectors fell. Consumer Discretionary did the best only falling 0.26%

I was up 0.12%

Top 3 bull winners were
COIN up 6.95%
TESLA up 3.79%
KKR up 3.64%

Top 3 Bear winners
IBIT up 5.19%
AAPD up 3.04%
EMTY up 2.23%

For those down, just remember March is a month when quarterly dividends are distributed. So if you have no reserves to take advantage of this down market, those dividends are on the way if you have investments that pay dividends. I take mine in cash so I can put them where I want which are the investments that are down.

For the rest, good luck listening to those who think rollercoaster rides are no big deal and mock those who do.

 

[RENTER]

Going to share something else I do that may help others. Does not require to be a genius. Just know how things work and have a little common sense. I am sure it will drive some ballistic.

This involves lowering your tax bill by harvesting tax losses in non-retirement accounts. One reason that if you cannot afford to do both a 401K and a non-retirement account. I would choose the non-retirement account. In the long run, you will save more in tax savings and having more choices than what you would get with a match.

When you sell a loser, you can claim the loss and write it off against your gains or up to $3000 against other income. But you cannot buy it back within 31 days. Otherwise, it is called a wash sale and you lose the write off.

But if you are someone like me whose all plan is based on asset allocation, if I sell it, I lose exposure to that stock or sector which I do not want to do. So what I do is when I sell it, I will buy the 2X version and put half of what I had in the 1X version into it. Then in 31 days I will sell that and buy back the 1X version.

If that stock or sector kept falling, I would have more losses to write off but they would be short term losses. However if it reverses itself, I will have 2X gains.

There have been articles how others are doing the same but exchanging between the ETF versions and the mutual fund version which are very similar. The articles claim that has been no IRS ruling on it but they talk about how much the government is losing in tax money. I assume they will eventually rule against it and declare them wash sales. That is why I use the 2X version. Keeps my asset allocation intact but not similar enough to be declared a wash sale.

Yep, I am a fool who does not know what I am doing. Enjoy your laugh.

Oh, by the way this is something a 8th grader will not understand. Maybe a college freshman.