^^^I agree, but it would be nice if I could set up an order in schwab to buy VOO every time it dropped 1.5%.
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^^^I agree, but it would be nice if I could set up an order in schwab to buy VOO every time it dropped 1.5%.
It's the end of the year. I like to re-evaluate things around this time every year, and come up with a 12 month strategy, which I will look at again in July. JPMorgan seems to be really bearish about 2024. While inflation will ease at a slow pace, and the fed will lower interest rates slowly, the risk of a recession looms and growth, both domestic and internationally, will not mirror or equal that which it obtained in 2023. Personally, I have no interest in investing in equities that have an up side of only 2-3%. Sure, there are always risky high-yield options out there, but I have no inside info., or confidence in small caps right now. Some are saying invest in AI stocks, such as Microsoft, GOOGL, Amazon and NVDA, are a good strategy, while others are saying that 2024 is the year to invest conservatively in products like short-term (up to 12 mos.) callable CDs that are currently yielding in excess of 5%. The problem there is what if these large banks/houses actually call the CDs in March? Regardless of age, I think that it is always prudent to keep some savings/investment money in equities, even if mostly blue chip. I like QQQ, Apple, Google and a few dividend funds, but will lean towards more conservative investments in 2024. Clearly, what I am reading is advising me to steer clear of EM stocks/funds and all international investments, with the exception of Japan. China is in for rough times.
SPY IJH BRK QQQ RIO DTD VTI in that order make up 3/4 of my current plan.
JEPI is a lot riskier than CDs, but the return is a lot better...
I am only 3% defense, 3% internationals, and 4% oil/gas.
And nobody should be taking investing advice from me. I did well last year but the market did well. I have no idea what next year brings.
Lots of overlap in that mix.Quote:
Originally Posted by summit
With regard to JPM being “bearish” it would only be in the context of portfolio weighting and their view of consensus or trend growth macro.
I sold JEPI last June. The strategy is oversubscribed in my view and income will be harder to generate with a vix at 12.
I’m happy with my active managed funds. PASAX and FMSDX. Both yielding 5% and well diversified. PDI is treading water but total return 10% ytd.
I sold JEPI as well in Q3. Moved it to VOO which is paying decent dividends and has the gains last 6mos.
I just put in several buys recently (each around 1% of portfolio):
MHO - home builder
STRL - infrastructure builder
FTDR - home sales
Yolo stocks:
PRG
TNK
CING
NABL
Probably should buy more real estate related stocks.... I think when the interest rates drop to 5%-6%, and below, in 2024, people are going to go absolutely nuts with selling/buying & pre-orders on new builds. Stocks related for this may not pop until late '24 or '25, but it's *probably* going to happen.
Dollar chart looks lower to me. 40 year chart is series of lower highs. Maybe another 25% lower long term.
China going crazy for gold now that the price is making fresh highs.
Boeing @ $200, time to buy yet?
It will be many years before they show a profit as cash flow gets continuously slowed and costs rise. Doesnt mean it’s a buy or a sell though.Quote:
Originally Posted by Hopeless Sinner
https://www.cnn.com/2024/01/16/inves...ion/index.html
I'd probably hold off a bit.
Quote:
Originally Posted by BobMc
Down $17 or 8% on that news today.
If the investigation turns up more problems I’d think that wouldn’t already be baked into the loss today. There’s also articles out there about them not meeting certifications on the Max on the declared timetable. I bought a few shares of ALK a few months ago and am down on them. Doors falling off your planes aren’t good for business. Looks like SAVE is going tits up, it’s sale to Jetblue was blocked today.
Quote:
Originally Posted by BobMc
Your prob right on more problems w Boeing. Air fares are down ~12% and I'm happy the merger/sale was blocked. Consolidation isn't good for anyone except stockholders.
Missed the BA bottom, TSLA @ $181.5, perhaps it will test $140 in the coming weeks. TSLA is way scarier, imo, than BA is.
Maybe. :fmicon:Quote:
Originally Posted by Hopeless Sinner
I'm not buying BA until it is back down to 165 or until some years pass. The institutional problems they have aren't likely to be solved in a year or two. I sold almost all of mine last year, kept 2 shares for funsies. I have RTX/GD/NOC instead.
Should have stated missed the bounce off $200.Quote:
Originally Posted by skaredshtles
Where the hell is Naked Shorts??
Maybe next week he'll be right...
:D
https://fortune.com/2024/01/29/jamie...ket-rebellion/
Should have done a better job manipulating the gold market.
I *demand* a report from Naked Shorts. Where the fuck is he??Quote:
Originally Posted by skaredshtles
I want an explanation. I shorted the market MONTHS ago and am losing my shirt.
I DEMAND TO SPEAK TO THE MANAGER!!
:D
Been loving all the CDA over the last haul. Hindsight tho should have just dumped mad money in earlier all at once but I'm a cautious fellow. I'll take it.Quote:
Originally Posted by skaredshtles
Interest rates likely stay! Stonks go down! No lube for small caps! Owie!
Maybe Naked Shorts will have his minute in the limelight!! :DQuote:
Originally Posted by summit
Come back in June 2025 - SP500 = 2200. Or 5700. I like to hedge.
S&P 2200 would mean a 1929 level catastrophe... to do that these days as a sustained level rather than a bounce I think you'd need a nuclear exchange with more than one major city destroyed or something similarly Black Swan on Meth.
SMRT.Quote:
Originally Posted by dschane